Document:

Description of Securities of the Registrant

  Exhibit 4.1
  
 DESCRIPTION OF SECURITIES
 REGISTERED PURSUANT TO SECTION 12 OF
 THE SECURITIES EXCHANGE ACT OF 1934
  
 The following summary describes the common stock of Rapid Therapeutic Science Laboratories, Inc., a Nevada corporation (“Rapid” or the “Company”), which common stock is registered pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Only the Company’s common stock is registered under Section 12 of the Exchange Act.
  
 DESCRIPTION OF COMMON STOCK
  
 The following description of our common stock is a summary and is qualified in its entirety by reference to our Articles of Incorporation, as amended and our Bylaws, as amended, which are incorporated by reference as exhibits to this Annual Report on Form 10-K, and by applicable law. For purposes of this description, references to “Rapid,” “we,” “our” and “us” refer only to Rapid and not to its subsidiaries.
  
 Authorized Capitalization
  
 The total number of authorized shares of our common stock is 750,000,000 shares, $0.001 par value per share. We are authorized to issue 100,000,000 shares of preferred stock, $0.001 par value per share.
  
 The terms of our preferred stock are not included herein as such preferred stock is not registered under Section 12 of the Exchange Act.
  
 Common Stock
  
 Voting Rights. Each share of our common stock is entitled to one vote on all stockholder matters. Shares of our common stock do not possess any cumulative voting rights.
  
 Except for the election of directors, if a quorum is present, an action on a matter is approved if it receives the affirmative vote of the holders of a majority of the voting power of the shares of capital stock present in person or represented by proxy at the meeting and entitled to vote on the matter, unless otherwise required by applicable law, Nevada law, our Articles of Incorporation, as amended or Bylaws, as amended. The election of directors will be determined by a plurality of the votes cast in respect of the shares present in person or represented by proxy at the meeting and entitled to vote, meaning that the nominees with the greatest number of votes cast, even if less than a majority, will be elected. The rights, preferences and privileges of holders of common stock are subject to, and may be impacted by, the rights of the holders of shares of any series of preferred stock that we have designated, or may designate and issue in the future.
  
 Dividend Rights. Each share of our common stock is entitled to equal dividends and distributions per share with respect to the common stock when, as and if declared by our Board of Directors, subject to any preferential or other rights of any outstanding preferred stock.
  
 Liquidation and Dissolution Rights. Upon liquidation, dissolution or winding up, our common stock will be entitled to receive pro rata on a share-for-share basis, the assets available for distribution to the stockholders after payment of liabilities and payment of preferential and other amounts, if any, payable on any outstanding preferred stock.
  
 Fully Paid Status. All outstanding shares of the Company’s common stock are validly issued, fully paid and non-assessable.
  
 Other Matters. No holder of any shares of our common stock has a preemptive right to subscribe for any of our securities, nor are any shares of our common stock subject to redemption or convertible into other securities.
 
 
  
 Anti-Takeover Provisions Under the Nevada Revised Statutes
  
 Business Combinations
  
 Sections 78.411 to 78.444 of the Nevada revised statutes (the “NRS”) prohibit a Nevada corporation from engaging in a “combination” with an “interested stockholder” for three years following the date that such person becomes an interested stockholder and places certain restrictions on such combinations even after the expiration of the three-year period. With certain exceptions, an interested stockholder is a person or group that owns 10% or more of the corporation’s outstanding voting power (including stock with respect to which the person has voting rights and any rights to acquire stock pursuant to an option, warrant, agreement, arrangement, or understanding or upon the exercise of conversion or exchange rights) or is an affiliate or associate of the corporation and was the owner of 10% or more of such voting stock at any time within the previous three years.
  
 A Nevada corporation may elect not to be governed by Sections 78.411 to 78.444 by a provision in its articles of incorporation. We do not have such a provision in our Amended and Restated Articles of Incorporation, as amended, pursuant to which we have elected to opt out of Sections 78.411 to 78.444; therefore, these sections apply to us.
  
 Control Shares
  
 Nevada law also seeks to impede “unfriendly” corporate takeovers by providing in Sections 78.378 to 78.3793 of the NRS that an “acquiring person” shall only obtain voting rights in the “control shares” purchased by such person to the extent approved by the other stockholders at a meeting. With certain exceptions, an acquiring person is one who acquires or offers to acquire a “controlling interest” in the corporation, defined as one-fifth or more of the voting power. Control shares include not only shares acquired or offered to be acquired in connection with the acquisition of a controlling interest, but also all shares acquired by the acquiring person within the preceding 90 days. The statute covers not only the acquiring person but also any persons acting in association with the acquiring person.
  
 A Nevada corporation may elect to opt out of the provisions of Sections 78.378 to 78.3793 of the NRS. We do not have a provision in our Amended and Restated Articles of Incorporation pursuant to which we have elected to opt out of Sections 78.378 to 78.3793; therefore, these sections do apply to us.
  
 Removal of Directors
  
 Section 78.335 of the NRS provides that 2/3rds of the voting power of the issued and outstanding shares of the Company are required to remove a Director from office. As such, it may be more difficult for stockholders to remove Directors due to the fact the NRS requires greater than majority approval of the stockholders for such removal.
  
 Anti-Takeover Effects of Our Articles of Incorporation and Bylaws
  
 The following provisions of our Articles of Incorporation and Bylaws could have the effect of delaying or discouraging another party from acquiring control of us and could encourage persons seeking to acquire control of us to first negotiate with our Board of Directors:
  
 ·no cumulative voting in the election of directors, which limits the ability of minority stockholders to elect director candidates; 
 ·the right of our Board of Directors to elect a director to fill a vacancy created by the expansion of the Board of Directors or the resignation, death or removal of a director, with our stockholders only allowed to fill such a vacancy if not filled by the board; 
 ·the ability of our Board of Directors to alter our Bylaws without obtaining stockholder approval; and 
 ·the requirement that a special meeting of stockholders may be called only by either (i) the Chairman; (ii) the President; or (iii) one or more stockholders holding shares in the aggregate entitled to cast not less than ten percent of the votes at that meeting.Exhibit
4.1

 

	NUMBER	 	UNITS
	      U-__________	 	 
	 	 	 
	SEE
REVERSE FOR 

        CERTAIN
        DEFINITIONS
	HHG
    CAPITAL CORPORATION	 

 

CUSIP
G4R23P 137

 

UNITS
CONSISTING OF ONE ORDINARY SHARE AND ONE WARRANT

 

THIS
CERTIFIES THAT ________________________________________________________________

 

is
the owner of _______________________________________________________________________ Units.

 

Each
Unit (“Unit”) consists of one ordinary share, with a par value $0.0001 per share, of HHG Capital Corporation, a British
Virgin Islands company (the “Company”) and one redeemable warrant (“Warrant”). Each redeemable Warrant
entitles the holder thereof to purchase 3/4 of one ordinary share at a price of $11.50 per full share (subject to adjustment),
upon the later to occur of (i) the Company’s completion of a merger, share exchange, asset acquisition, share purchase,
recapitalization, reorganization or other similar business combination with one or more businesses or entities (a “Business
Combination”) or (ii) one year from the closing of the Company’s initial public offering. The ordinary shares and
Warrants comprising the Units represented by this certificate are not transferable separately prior to the fifty-second (52nd)
day after the date of the prospectus relating to the Company’s initial public offering, unless Kingswood Capital Markets,
division of Benchmark Investments, Inc. (“Kingswood”) determines that an earlier date is acceptable, but in no event
will the ordinary shares and Warrants be traded separately until the Company files with the Securities and Exchange Commission
(the “SEC”) a current report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company
of the gross proceeds from its initial public offering including the proceeds received by the Company from the exercise of the
over-allotment option thereto, if the over-allotment option is exercised. If the over-allotment option is exercised after the
date of the prospectus, we will file an amendment to the Form 8-K or a new Form 8-K to provide updated financial information to
reflect the exercise of the over-allotment option. We will also include in the Form 8-K, or amendment thereto, or in a subsequent
Form 8-K, information indicating if the underwriters has allowed separate trading of the ordinary shares and Warrant prior to
the 52nd day after the date of the prospectus.

 

The
terms of the Warrants are governed by a warrant agreement (the “Warrant Agreement”), dated as of [●], 2021,
between the Company and American Stock Transfer & Trust Company, LLC, as the warrant agent, and are subject to the terms and
provisions contained therein, all of which terms and provisions the holder of this certificate consents to by acceptance hereof.
Copies of the Warrant Agreement are on file at the office of American Stock Transfer & Trust Company, LLC at 48 Wall Street,
22nd Floor, New York, NY 10005, and are available to any Warrant Holder, on written request and without cost.

 

This
certificate is not valid unless countersigned by the Transfer Agent and Registrar of the Company.

 

Witness
the facsimile seal of the Company and the facsimile signatures of its duly authorized officers.

 

This
Unit Certificate shall be governed and construed in accordance with the internal laws of the State of New York, without regard
to conflicts of laws principles thereof.

 

[Seal]

 

    	 

    	 

    

 

	By		 	 
	 	 	 	 
	 	 	 	 
	 	Chairman	 	Chief
    Financial Officer

 

    	 

    	 

    

 

HHG
Capital Corporation

 

The
Company will furnish without charge to each shareholder who so requests, a statement of the powers, designations, preferences
and relative, participating, optional or other special rights of each class of shares or series thereof of the Company and the
qualifications, limitations, or restrictions of such preferences and/or rights.

 

The
following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:

 

	 	TEN
    COM –	as
    tenants in common	UNIF
    GIFT MIN ACT - _____ Custodian ____
	 	TEN
    ENT – 	as
    tenants by the entireties	                                (Cust)             (Minor)
	 	JT
    TEN – 	as
    joint tenants with right of survivorship	                      under
    Uniform Gifts to Minors
	 	 	and
    not as tenants in common	                      Act
    ______________
	 	 	 	                                (State)

 

Additional
Abbreviations may also be used though not in the above list.

 

For
value received, ___________________________ hereby sell(s), assign(s) and transfer(s) unto

 

PLEASE
INSERT SOCIAL SECURITY OR OTHER

IDENTIFYING
NUMBER OF ASSIGNEE(S)

 

 

 

_______________________________________________________________________________________________

(PLEASE
PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE(S))

______________________________________________________________________________________________

 

______________________________________________________________________________________________

 

_______________________________________________________________________________________Units

 

represented
by the within Certificate, and do hereby irrevocably constitute and appoint

 

______________________________________________________________________________________
Attorney

to
transfer the said Units on the books of the within named Company will full power of substitution in the premises.

 

Dated
_______________

 

	 	 	 
	 	Notice:	The
    signature to this assignment must correspond with the name as written upon the face of the certificate in every particular,
    without alteration or enlargement or any change whatever.

 

Signature(s)
Guaranteed:

 

________________________________________________________________________

THE
SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION

(BANKS,
STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH

MEMBERSHIP
IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM,

PURSUANT
TO S.E.C. RULE 17Ad-15).

 

The
holder of this certificate shall be entitled to receive funds with respect to the underlying ordinary shares from the trust fund
only in the event of the Company’s liquidation upon failure to consummate a business combination or if the holder seeks
to convert his or her respective ordinary shares underlying the unit upon consummation of such business combination or in connection
with certain amendments to the Company’s Amended and Restated Memorandum and Articles of Association. In no other circumstances
shall the holder have any right or interest of any kind in or to the trust fund.

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