Document:

Exhibit 4.1

 

DESCRIPTION OF THE REGISTRANT’S
SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934

 

As of December 31, 2019, Proteo, Inc. (“we,”
“us” or the “Company”) had the following classes of securities registered under Section 12 of the Securities
Exchange Act of 1934, as amended: common stock, $0.001 par value per share (“Common Stock”).

 

Our authorized capital consists of 300,000,000
shares of Common Stock and 10,000,000 shares of “blank check” preferred stock, $0.001 par value per share. Series A,
B-1 and B-2 of our preferred stock have been designated pursuant to the applicable certificates of designation of preferred stock,
which contain the terms, rights and preferences for each such series of our preferred stock.

 

The following description is a summary
and is qualified in its entirety by our Articles of Incorporation, as amended to date (the “Charter”), our Bylaws (the
“Bylaws”), copies of which are referenced as exhibits to our Annual Report on Form 10-K for the year ended December
31, 2019, as well as the provisions of the Nevada Revised Statutes (the “NRS”).  You should read the Charter,
the Bylaws and the applicable provisions of the NRS for a complete statement of the provisions described below and for other provisions
that may be important to you.

 

Common Stock

 

Each holder of our Common Stock is entitled
to a pro rata share of cash distributions made to our stockholders, including dividend payments. The holders of our Common Stock
are entitled to receive dividends when, as and if declared by our board of directors from funds legally available therefore. Cash
dividends will be paid at the sole discretion of our board of directors.

 

The holders of our Common Stock are entitled
to one vote for each share of record on all matters to be voted on by our stockholders. There is no cumulative voting with respect
to the election of our directors or any other matter. Therefore, the holders of more than 50% of the shares of our Common Stock
voting for the election of our directors can elect all of our directors.

 

In the event of our liquidation, dissolution
or winding up, the holders of our Common Stock are entitled to share ratably in all assets remaining available for distribution
to them after payment of our liabilities and after provision has been made for each class of stock, if any, having any preference
in relation to our Common Stock.

 

Our stockholders may not sell, assign,
or otherwise transfer their shares and certificate or certificates of stock, or any part thereof, except to a spouse or direct
family member, or by gift to other stockholders or their spouses, unless it is first offered to the corporation or the other stockholders
on the terms and conditions described in the Charter. Holders of our Common Stock have no conversion, preemptive or other subscription
rights, and there are no redemption or sinking funds provisions applicable to our Common Stock.  All outstanding shares of
our Common Stock are fully paid and non-assessable.

 

Summary of Certain Provisions of Certificate
of Incorporation and Bylaws

 

The Charter and the Bylaws, as applicable,
among other things, (a) provide our board with the ability to alter the bylaws without stockholder approval; (b) provide that special
meetings of our stockholders may be called only by a written request of stockholders holding 25% or more of the voting power of
our capital stock, majority vote of our entire board of directors, the chairman of our board of directors or our president; and
(c) provide the board of directors with authority, without further action by the holders of our common stock, to issue up to 7,250,000
shares of undesignated preferred stock with rights and preferences, including voting rights, designated from time to time by our
board of directors. These provisions, while designed to reduce vulnerability to an unsolicited acquisition proposal, and to discourage
certain tactics used in proxy fights, may negatively impact a third-party’s decision to acquire us even if it would be beneficial
to our stockholders.

 

Anti-Takeover Effects of Nevada Law
and Articles of Incorporation and Bylaws

 

We are subject to the Nevada anti-takeover
laws regulating corporate takeovers, including Sections 78.411 to 78.444, inclusive, of the NRS. These anti-takeover laws prevent
Nevada corporations from engaging in a merger or sale of (a) more than 5% of the aggregate market value of all the assets, determined
on a consolidated basis, of the corporation; (b) more than 5% of the aggregate market value of all the outstanding voting shares
of the corporation; or (c) more than 10% of the earning power or net income, determined on a consolidated basis, of the corporation,
with any stockholder, including all affiliates and associates of the stockholder, who owns 10% or more of the corporation’s
outstanding voting stock, for two years following the date that the stockholder acquired 10% or more of the corporation’s
assets unless:

 

 

 

    	 	1	 

     

    

 

		-	the board of directors approved the transaction in which the stockholder acquired 10% or more of
the corporation’s assets; or

 

		-	the board of directors approved the merger or sale and, at or after that time, the transaction
was approved at an annual or special meeting of the stockholders of the corporation, and not by written consent, by the affirmative
vote of the holders of stock representing at least 60% of the outstanding voting power of the corporation not beneficially owned
by the interested stockholder or the affiliates or associates of the interested stockholder.

 

A Nevada corporation may opt out of the
Nevada anti-takeover laws if its certificate of incorporation or bylaws so provides. We have not opted out of the provisions of
the anti-takeover laws. As such, these laws could prohibit or delay mergers or other takeover or change of control of us and may
discourage attempts by other companies to acquire us even if it would be beneficial to stockholders.

 

Transfer Agent and Registrar

 

The transfer agent and registrar for our
Common Stock is Transfer Online, Inc., 512 SE Salmon St., Portland, OR 97214.

 

Listing

 

Our Common Stock is not listed. Our Common
Stock is currently quoted on Pink Open Market under the symbol “PTEO”.

 

 

 

 

 

 

 

 

 

 

 

    	 	2EX-4.1

 Exhibit 4.1 

SPECIMEN UNIT CERTIFICATE 

NUMBER UNITS U- 
  

					
	 SEE REVERSE FOR
 CERTAIN

DEFINITIONS
	  	Jaws Acquisition Corp.	  	

 CUSIP [ ] 

UNITS CONSISTING OF ONE CLASS A ORDINARY SHARE AND ONE-THIRD OF ONE REDEEMABLE 

WARRANT TO PURCHASE ONE CLASS A ORDINARY SHARE 

THIS CERTIFIES THAT                  is the owner of
                 Units. 
 Each Unit (“Unit”) consists of one
(1) Class A ordinary share, par value $0.0001 per share (“Ordinary Shares”), of Jaws Acquisition Corp., a Cayman Islands exempted company (the “Company”), and one-third (1/3) of
one redeemable warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase one (1) Ordinary Share for $11.50 per share (subject to adjustment). Each Warrant will become exercisable on the later of
(i) thirty (30) days after the Company’s completion of a merger, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses (each, a “Business
Combination”), and (ii) twelve (12) months from the closing of the Company’s initial public offering, and will expire unless exercised before 5:00 p.m., New York City Time, on the date that is five (5) years after the date
on which the Company completes its initial Business Combination, or earlier upon redemption or liquidation (the “Expiration Date”). The Ordinary Shares and Warrants comprising the Units represented by this certificate are not transferable
separately prior to                 , 2020, unless Credit Suisse Securities (USA) LLC elects to allow earlier separate trading, subject to the Company’s
filing with the Securities and Exchange Commission of a Current Report on Form 8-K containing an audited balance sheet reflecting the Company’s receipt of the gross proceeds of the initial public
offering and issuing a press release announcing when separate trading will begin. No fractional warrants will be issued upon separation of the Units and only warrant are exerciseable. The terms of the Warrants are governed by a Warrant Agreement,
dated as of                 , 2020, between the Company and Continental Stock Transfer & Trust Company, as 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 the Warrant Agent at 1 State Street, 30th Floor, New York,
New York 10004, and are available to any Warrant holder on written request and without cost. 
 Upon the consummation of the Business
Combination, the Units represented by this certificate will automatically separate into the Class A Ordinary Shares and Warrants comprising such Units. 

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

This certificate shall be governed by and construed in accordance with the internal laws of the State of New York. 

Witness the facsimile signatures of its duly authorized officers. 
  

					
	By	  	  
	  	  

		  	Chief Executive Officer	  	Chief Financial Officer

 Jaws Acquisition Corp. 

The Company will furnish without charge to each unitholder 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	  	
								
		 		  		  		 		  	  
 (Cust)
	  		  	  
 (Minor)

						
	TEN ENT	 	—	  	as tenants by the entireties	  		 		  	under Uniform Gifts to Minors Act
						
		 		  		  		 		  	  

(State)

								
	JT TEN	 	—	  	as joint tenants with right of survivorship and not as tenants in common	  		 		  		  		  	

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

  
 2 

 For value received,
                 hereby sells, assigns and transfers unto 

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE 

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

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 with 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) MUST 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 OR
ANY SUCCESSOR RULES).
	  	

 In each case, as more fully described in the Company’s final prospectus
dated                 , 2020, the holder(s) of this certificate shall be entitled to receive a pro-rata portion of certain
funds held in the trust account established in connection with the Company’s initial public offering only in the event that (i) the Company redeems the Ordinary Shares sold in its initial public offering and liquidates because it does not
consummate an initial business combination within the period of time set forth in the Company’s amended and restated memorandum and articles of association, as the same may be amended from time to time, (ii) the Company redeems the
Ordinary Shares sold in its initial public offering in connection with a shareholder vote to amend the Company’s amended and restated memorandum and articles of association (A) that would modify the substance or timing of the
Company’s obligation to provide holders of the Ordinary Shares the right to have their shares redeemed in connection with the Company’s initial business combination or to redeem 100% of the Ordinary Shares if the Company does not complete
its initial business combination within the time period set forth therein or (B) with respect to any other provision relating to the rights of holders of the Ordinary Shares, or (iii) if the holder(s) seek(s) to redeem for cash
his, her or its respective Ordinary Shares in connection with a tender offer (or proxy solicitation, solely in the event the Company seeks shareholder approval of the proposed initial business combination) setting forth the details of a proposed
initial business combination. In no other circumstances shall the holder(s) have any right or interest of any kind in or to the trust account. 

  
 3

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