Document:

Exhibit
4.1

 

DESCRIPTION
OF THE REGISTRANT’S SECURITIES

REGISTERED
PURSUANT TO SECTION 12 OF THE SECURITIES

EXCHANGE
ACT OF 1934

 

Viewbix
Inc. has one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), our shares of common stock, par value $0.0001 (the “Common Stock”). The following is a summary of some
of the terms of our Common Stock based on our Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”)
and our amended and restated Bylaws (the “Bylaws”). The following summary is not complete and is subject to, and is
qualified in its entirety by reference to, the provisions of our Certificate of Incorporation, our Bylaws and the applicable provisions
of the Delaware General Corporation Law.

 

Name
of exchange on which registered

 

Our
Common Stock is quoted on the OTCQB under the symbol “VBIX”. Prior to August 7, 2019, our Common Stock was quoted
under the symbol “VCRP”.

 

Registration

 

Viewbix
Inc. was incorporated in 1989 in the State of Ohio under the name Zaxis International Inc. On August 25, 1995, Zaxis International
Inc. merged with a subsidiary of The InFerGene Company, a Delaware corporation, which entity changed its name to Zaxis International,
Inc. and the Company was reincorporated in Delaware under the name of Zaxis International, Inc.

 

Common
Stock

 

We are authorized to issue
up to a total of 490,000,000 shares of Common Stock. Holders of our Common Stock are entitled to one vote for each share held
on all matters submitted to a vote of our stockholders. As of December 31, 2019, there were 31,201,669 shares of Common Stock
issued and outstanding and there were approximately 2,694 holders of record of our Common Stock. 

 

Voting
Rights

 

Holders
of our Common Stock have no cumulative voting rights. Further, holders of our Common Stock have no preemptive, conversion, redemption
or subscription rights and there are no sinking fund provisions applicable to our Common Stock

 

Liquidation
Rights

 

In
the event of our liquidation, dissolution or winding-up, holders of common stock have the right under Section 281 of the Delaware
General Corporation Law to a ratable portion of assets remaining after satisfaction in full of the prior rights of our creditors,
all liabilities and the total liquidation preferences of any outstanding shares of preferred stock.

 

Dividends

 

Subject
to preferences that may be applicable to any outstanding shares of preferred stock, holders of our Common Stock are entitled to
receive dividends, if any, as may be declared from time to time by our board of directors, or board, out of our assets which are
legally available.

 

Preferred
Stock

 

Our
Certificate of Incorporation authorizes 10,000,000 shares of preferred stock, $0.0001 par value per share of which none were issued
and outstanding as of the date of this registration statement. The board of directors is authorized to provide for the issuance
of these unissued shares of preferred stock in one or more series, and to fix the number of shares and to determine the rights,
preferences and privileges thereof. Accordingly, the board of directors may issue preferred stock which may convert into large
numbers of shares of common stock and consequently lead to further dilution of other shareholders.

 

    	 

    	- 2 -

    

 

Anti-Takeover
Effects of Delaware Law and Our Certificate of Incorporation and Bylaws

 

The
provisions of Delaware law, our Certificate of Incorporation and our Bylaws may have the effect of delaying, deferring or discouraging
another person from acquiring control of our company. These provisions, which are summarized below, may have the effect of discouraging
takeover bids. They are also designed, in part, to encourage persons seeking to acquire control of us to negotiate first with
our board of directors. We believe that the benefits of increased protection of our potential ability to negotiate with an unfriendly
or unsolicited acquirer outweigh the disadvantages of discouraging a proposal to acquire us because negotiation of these proposals
could result in an improvement of their terms.

 

Amended
and Restated Certificate of Incorporation and Amended and Restated Bylaw Provisions

 

Our
amended and restated certificate of incorporation and our amended and restated bylaws include a number of provisions that could
deter hostile takeovers or delay or prevent changes in control of our management team, including the following:

 

	●	Board
    of directors vacancies. Our Bylaws provide that vacancies on the board of directors may be filled only by a majority of
    the directors then in office, irrespective of whether there is a quorum, or by a sole remaining director. Additionally, the
    number of directors to serve on our board of directors is fixed by our Bylaws, and, pursuant to our Bylaws, can only be changed
    by resolution of our board of directors. This would prevent a stockholder from increasing the size of our board of directors
    and then gaining control of our board of directors by filling the resulting vacancies with its own nominees. This makes it
    more difficult to change the composition of our board of directors but promotes continuity of management.
	 	 
	●	Special
    Meetings of Stockholders. Our Bylaws currently provide that special meetings of our stockholders may be called by our
    chairman of our board of directors, president or any vice president, or by the board of directors. 
	 	 
	●	No
    cumulative voting. The Delaware General Corporation Law provides that stockholders are not entitled to the right to cumulate
    votes in the election of directors unless a corporation’s certificate of incorporation provides otherwise. Our amended
    and restated certificate of incorporation does not provide for cumulative voting.
	 	 
	●	Amendment
    of charter provisions. Any amendment of our Certificate of Incorporation requires approval by holders of at least two-thirds
    of our then outstanding voting securities, and new bylaws or amendments to our Bylaws may be effectuated by our board of directors.
	 	 
	●	Issuance
    of undesignated preferred stock. Our board of directors has the authority, without further action by the stockholders,
    to issue up to 10,000,000 shares of undesignated preferred stock with rights and preferences, including voting rights, designated
    from time to time by our board of directors. The existence of authorized but unissued shares of preferred stock, which may
    be converted into large numbers of shares of Common Stock, would enable our board of directors to render more difficult or
    to discourage an attempt to obtain control of us by means of a merger, tender offer, proxy contest or other means.
	 	 
	●	Delaware
Business Combination Statute. The Company is subject to the “business combination” provisions of Section 203 of
the Delaware General Corporation Law. In general, Section 203 prohibits a publicly held Delaware corporation from engaging in
a business combination with an interested stockholder for a period of three years following the date such person becomes an interested
stockholder, unless the business combination or the transaction in which such person becomes an interested stockholder is approved
in a prescribed manner. Generally, a “business combination” includes a merger, asset or stock sale, or other transaction
resulting in a financial benefit to the interested stockholder. Generally, an “interested stockholder” is a person
that, together with affiliates and associates, owns, or within three years prior to the determination of interested stockholder
status did own, 15% or more of a corporation’s voting stock. The existence of this provision may have an anti-takeover effect
with respect to transactions not approved in advance by our board of directors, and the anti-takeover effect includes discouraging
attempts that might result in a premium over the market price for the shares of our common stock. 

 

	●	Exclusive
    forum. Unless we consent in writing to the selection of an alternative forum, the Court of Chancery of the State of Delaware
    is the sole and exclusive forum for (i) any derivative action or proceeding brought on our behalf, (ii) any action asserting
    a claim of breach of a fiduciary duty owed by any of our directors, officers or other employees to us or our stockholders,
    (iii) any action asserting a claim arising pursuant to any provision of the Delaware General Corporation Law, our amended
    and restated certificate of incorporation or our amended and restated bylaws, or (iv) any action asserting a claim against
    us governed by the internal affairs doctrine. This choice of forum provision may limit a stockholder’s ability to bring
    a claim in a judicial forum that it finds favorable for disputes with us or our directors, officers or other employees, which
    may discourage such lawsuits against us and our directors, officers and other employees.

 

Transfer
Agent 

 

The
transfer agent and registrar for our common stock is Transfer Online. The transfer agent and registrar’s address is 512
SE Salmon Street, Portland, OR 97214-3444. The transfer agent’s telephone number is (503) 227-2950.cpwr_ex10-62

  Exhibit 10.62

 

LOAN
AGREEMENT

 

This
Loan Agreement (the “Loan
Agreement”) is made as of January 2, 2019 , by and
between (the “Lender”) and OCEAN THERMAL ENERGY
CORPORATION (the “Borrower”).

W
I T N E S S E T H:

 

WHEREAS, the
Borrower desires to obtain certain credit facilities, as set forth
in this Loan Agreement, and the Lender is willing to provide such
credit facilities on the terms and conditions set forth
herein;

 

NOW,
THEREFORE, the Lender and the Borrower, intending to be legally
bound, hereby agree as follows:

 

1. The Credit Facilities. The
Lender agrees, pursuant to the terms and conditions of this Loan
Agreement and the other Loan Documents (as defined below), to make
a loan to the Borrower in a principal amount of up to Ten Thousand
Dollars ($10,000) (the “Loan”). The Loan shall be
evidenced by a Note (the “Note”) and shall be made in
accordance with and subject to the terms and conditions of this
Loan Agreement, the Note and the other Loan Documents.

 

2. The Loan Documents. The
following documents and materials (together with this Loan
Agreement and any other accessory documents executed in connection
herewith, such documents and materials, as they may be amended,
restated, renewed and extended, are collectively referred to herein
as the “Loan
Documents”) have been or will be executed in
connection with the Loan:

 

a.

Note

 

3. Interest Rate. The Loan shall
bear interest as set forth in the Note.

 

4. Repayment of the
Loan shall be made as set forth in the Note, and pre- payment shall
be permitted as therein specified.

 

5. Use of Proceeds. The proceeds
of the Loan shall be used to support the administrative and legal
expenses of:

 

(i)

Ocean Thermal
Energy Corporation’s lawsuit before the United States District Court for the
Western District of Tennessee Ocean Thermal Energy Corp. v.
Robert Coe el al. Case No. 2:17-cv-02343SHL-cgc;
and,

 

(ii)

Subsequent actions
brought about as a result of or in connection with this
litigation.

 

6. Expenses and Fees. The Borrower
and Lender agree that each shall bear its own expenses and fees
related to this Loan Agreement.

 

 

 

 

7. Representations and Warranties.
The Borrower, in order to induce the Lender to make the Loan, make
the following representations, warranties and
promises:

 

a. Good Standing. The Borrower is
a corporation, duly organized, validly existing and in good
standing under the laws of the state of its incorporation, with
powers adequate to own its properties, and to carry on its business
as presently conducted by it.

 

b. Authority; Binding Agreement.
The execution, delivery and performance of the Loan Documents are
within the corporate power of the Borrower, have been duly
authorized by the Borrower and are not in contravention of law or
the terms of the Borrower’s Certificate of Incorporation and
By-Laws. The execution, delivery and performance of the Loan
Documents does not and will not contravene any documents,
agreements or undertakings to which the Borrower is a party or by
which it is bound. No approval of any person, corporation,
governmental body or other entity is a prerequisite to the
execution, delivery, validity or enforceability and performance of
the Loan Documents. When executed by the Borrower, the Loan
Documents to which the Borrower is a party will constitute the
legally binding obligations of the Borrower, enforceable in
accordance with their terms except as the enforceability may be
limited by bankruptcy, insolvency or other similar laws affecting
the enforcement of creditors' rights generally.

 

c. Financial Information. Subject
to any limitation stated therein or in connection therewith, all
balance sheets, earning statements, accounts receivable lists and
aging schedules and other financial data which have been or shall
be furnished to the Lender by the Borrower to induce the Lender to
enter into this Loan Agreement or otherwise in connection herewith,
do or will fairly represent the financial condition of the Borrower
in all material respects, are accurate, complete and correct in all
material respects insofar as completeness may be necessary to give
the Lender a true and accurate knowledge of the subject matter as
of the date hereof. There are no material liabilities, direct or
indirect, fixed or contingent, of the Borrower as of the date of
such financial statements which are not reflected therein or in the
notes thereto. There has been no material adverse change in the
financial condition or operations of the Borrower since the date of
said financial statements or since the respective dates on which
either furnished the Lender with other financial data or other
representations about their financial condition.

 

d. Solvency. Any borrowings to be
made by Borrower under this Loan Agreement do not and will not
render Borrower insolvent. The Borrower is contemplating neither
the filing of a petition under any state or federal bankruptcy or
insolvency laws, nor the liquidation of all or a major portion of
its property, and the Borrower has no knowledge or any reason to
know of any person contemplating the filing of any such petition
against it.

 

8. Covenants. The Borrower agrees
with the Lender that during the term of this Agreement and the
other Loan Documents, and any extensions, replacements or renewals
thereof (except as otherwise agreed by the Lender in
writing):

 

a. Insurance. The Borrower shall
maintain adequate insurance policies as are customary.

 

 

 

 

b. Notice of Default; Litigation.
The Borrower shall notify the Lender in writing immediately upon
becoming aware of any default hereunder, or of any actions, suits,
investigations, or proceedings at law, in equity or before any
governmental authority that may have a material adverse effect on
the Borrower, pending or threatened, against or affecting the
Borrower or involving the validity or enforceability of the Loan
Documents.

 

c. Financial Information. The
Borrower shall furnish, upon request, to the Lender on an annual
basis, federal income tax returns of the Borrower and annual
financial statements of the Borrower, compiled by certified public
accountants, within one hundred twenty (120) days after the end of
each fiscal year; and (ii) on a fiscal quarter basis,
internally-prepared interim financial statements of the Borrower in
a form satisfactory to Lender within thirty (30) days of the close
of each fiscal quarter.

 

d. Expenses. Each Party shall pay
its own costs and expenses (including, but not limited to,
attorneys' fees) incidental to the Loan, to the preservation the
Lender's interests under the Loan Documents and to the collection
of all obligations pursuant to the Loan Documents.

 

e. Further Assurances. Each Party
shall execute such documents as the as the other Party may
reasonably request relating to the Loan.

 

9. Conditions Precedent. The
obligation of the Lender to make the Loan is subject to the
reasonable satisfaction by the Lender of the following conditions
precedent:

 

a. The
Borrower’s representations and warranties as contained herein
shall be accurate and complete as of the date of
closing;

 

b. The Borrower shall
not be in default under any of the covenants contained herein as of
the date of closing;

 

c. The Borrower shall
have executed and delivered all of the Loan Documents to which it
is a party;

 

d. The Borrower shall
have delivered to the Lender all of the documents (fully executed)
and materials and satisfied all of the requirements reasonably
requested by Lender to evidence the obligations of Borrower with
respect to the Loan in such form and substance as may be reasonably
acceptable to the Lender; and

 

e. The Borrower shall
provide the Lender with written confirmation that there are no
known disputes or pending actions between the Borrower and the
Internal Revenue Service.

 

10. Events of Default; Acceleration;
Remedies. The occurrence of any one or more of the following
events shall constitute a default (an “Event of Default”) under this
Agreement:

 

a. If any statement,
representation or warranty made by the Borrower in the Loan
Documents, in connection therewith or any financial statement,
report, schedule, or certificate furnished to the Lender by the
Borrower, any of its representatives, employees or accountants
during the term of this Agreement shall prove to have been false or
misleading when made, or subsequently becomes false or misleading,
in any material respect;

 

 

 

 

b. Default by the
Borrower in payment within five (5) days of the due date of any
principal or interest or other amounts called for under the Loan
Documents;

 

c. Default by the
Borrower in the performance or observance of any of its obligations
under the provisions, terms, conditions, warranties or covenants of
the Loan Documents and such failure shall continue for a period of
thirty (30) days or more following receipt of written notice
thereof from the Lender.

 

d. The occurrence of
an event of default not cured within any applicable remedy period,
under any obligations of the Borrower to the Lender other than
under the Loan Documents, whether created prior to, concurrent
with, or subsequent to obligations arising out of the Loan
Documents;

 

e. The Borrowers shall
(i) apply for or consent to the appointment of a receiver, trustee
or liquidator of any of their or its property, (ii) admit in
writing their or its inability to pay their or its debts as they
mature, (iii) make a general assignment for the benefit of
creditors, (iv) be adjudicated a bankrupt or insolvent, (v) file a
voluntary petition in bankruptcy, or a petition or an answer
seeking reorganization to take advantage of any bankruptcy,
reorganization, arrangement, insolvency, readjustment of debt,
dissolution or liquidation law or statute, or an answer admitting
the material allegations of a petition filed against it or he in
any proceeding under any such law or (vi) offer or enter into any
compromise, extension or arrangement seeking relief or extension of
their or its debts;

 

f. In the event that
proceedings shall be commenced or an order, judgment or decree
shall be entered against the Borrower, without the application,
approval or consent of the Borrower (as the case may be) in or by
any court of competent jurisdiction, relating to the bankruptcy,
dissolution, liquidation, reorganization or the appointment of a
receiver, trustee or liquidator of the Borrower of all or a
substantial part of their or its assets, and such proceedings,
order, judgment or decree shall continue undischarged or unstayed
for a period of 90 days;

 

Upon
the occurrence of any Event of Default, (i) all of the obligations
of the Borrower to the Lender under this Loan Agreement will
immediately become due and payable without further demand, notice
or protest, all of which are hereby expressly waived; (ii) the
Lender may proceed to protect and enforce its rights, at law, in
equity, or otherwise, against the Borrower under the Uniform
Commercial Code, any other applicable law, any Loan Document, any
agreement between the Borrower and the Lender; and/or (iii) the
Lender's commitment to make further loans under this Agreement or
any other agreement with the Borrower will immediately cease and
terminate.

 

11. General Provisions. The Lender
and the Borrower agree as follows with respect to the Loan
Documents:

 

a.
Waivers.

 

 

 

 

i. The Borrower hereby
waives, to the fullest extent permitted by law, presentment,
notice, protest and all other demands and notices of any
description and assent (1) to any extension of the time of payment
or any other indulgence, and (2) to the release of any other person
primarily or secondarily liable for the obligations evidenced
hereby.

 

ii. No delay or
omission on the part of the Lender in exercising any right,
privilege or remedy hereunder shall operate as a waiver of such
right, privilege or remedy or of any other right, privilege or
remedy under the Loan Documents. No waiver of any right, privilege
or remedy or any amendment to the Loan Documents shall be effective
unless made in writing and signed by the Lender. A waiver on any
one occasion shall not be construed as a bar to or waiver of any
such right, privilege and/or remedy on any future occasion. No
single or partial exercise of any power hereunder shall preclude
other or future exercise thereof or the exercise of any other
right. The acceptance by the Lender of any payment after any
default under the Loan Documents shall not operate to extend the
time of payment of any amount then remaining unpaid hereunder or
constitute a waiver of any rights of the Lender hereof under the
Loan Documents.

 

b. Binding Agreement. The Loan
Documents shall inure to the benefit of and shall be binding upon
the parties hereto and their respective heirs, legal
representatives, successors, and assigns;

 

c. Entire Agreement and Amendment.
The Loan Documents constitute the entire agreement between the
Lender and the Borrower with respect to the Loan and shall not be
changed in any respect except by written instrument signed by the
parties thereto;

 

d. Governing Law. The Loan
Documents and all rights and obligations thereunder, including
matters of construction, validity, and performance, shall be
governed by the laws of the Commonwealth of
Pennsylvania;

 

e. Severability. If any term,
condition, or provision of the Loan Documents or the application
thereof to any person or circumstance shall, to any extent, be held
invalid or unenforceable according to law, then the remaining
terms, conditions, and provisions of the Loan Documents, or the
application of any such invalid or unenforceable term, condition or
provision to persons or circumstances other than those to which it
is held invalid or unenforceable, shall not be affected thereby,
and each term, condition, and provision of the Loan Documents shall
be valid and enforced to the fullest extent permitted by
law;

 

f. Notice. Any demand or notice
required or permitted under the Loan Documents shall be effective
if either: (i) hand-delivered to the addressee, or (ii) deposited
in the mail, registered or certified, return receipt requested and
postage prepaid, or delivered to a private express company
addressed to the addressee: (A) at the address shown below, or (B)
if such party has provided the other in writing with a change of
address, at the last address so provided. Any notice or demand
mailed as provided in this paragraph shall be deemed given and
received on the earlier of: (i) the date received; (ii)
or the
date of delivery, refusal or non-delivery as indicated on the
return receipt, if sent by mail or private express as provided
above.

 

 

 

  

Borrower:                                                                   

Lender:

 

Ocean
Thermal Energy Corporation

800
South Queen Street

Lancaster, PA
17603

 

g. Conflict Among Loan Documents.
In the event of any conflict between the terms, covenants,
conditions and restrictions contained in the Loan Documents, the
term, covenant and condition or restriction which grants the
greater benefit upon the Lender shall control. The determination as
to which term, covenant, condition or restriction is the more
beneficial shall be made by the Lender in its sole
discretion.

 

h. Costs of Collection. The
Borrower agrees to pay on demand all reasonable out- of-pocket
costs of collection under the Loan Documents, including reasonable
attorneys' fees, whether or not any foreclosure or other action is
instituted by the Lender in its discretion.

 

i. Rights Cumulative. All rights
and remedies of the Lender, whether granted herein or otherwise,
shall be cumulative and may be exercised singularly or
concurrently.

 

IN
WITNESS WHEREOF, the Borrowers and the Lender have executed this
Loan Agreement as of the date indicated above.

 

 

 

	

 

	
OCEAN THERMAL
ENERGY CORPORATION

	

 

	

 

	

 

	

 

	

 

	

	
By:  

	

	

 

	

 

	

Name:  

	
Jeremy P.
Feakins 

	

 

	

 

	

Title:  

	

Chief Executive
Officer 

	

 

 

	

 

	
Lender(s)

	

 

	

 

	

 

	

 

	

 

	

	
By:  

	

	

 

	

 

	

Names:  

	

	

 

	

 

	

 

	

 

	

 

 

 

 

 

	

Loans - Memphis Litigation

	
 

	
 

	

Added Incentive - 0.0025% of the funds received from the Memphis
litigation

	
 

	
 

	
 

	
 

	
 

	

Date

	

Name

	

Amount

	
 

	

1/2/19

	

Jim
Berneri

	

      10,000.00

	
 

	

1/3/19

	

Peter
Wolfson

	

      10,000.00

	
 

	

1/3/19

	

Ignazio
Caruso

	

      10,000.00

	
 

	

1/3/19

	

Ignazio
Caruso

	

      10,000.00

	
 

	

1/3/19

	

Francesco
Caruso

	

      10,000.00

	
 

	

1/3/19

	

Carlton
Boon

	

      10,000.00

	
 

	

1/3/19

	

Jay
Layman

	

      10,000.00

	
 

	

1/3/19

	

Pietro
Carcioppolo

	

      10,000.00

	
 

	

1/8/19

	

Paula
Vitz

	

      10,000.00

	
 

	

1/8/19

	

Vosburg
Family Trust

	

      10,000.00

	
 

	

1/10/19

	

Jordan
Stewart

	

      10,000.00

	
 

	

1/14/19

	

Anthony
Gray

	

      10,000.00

	
 

	

1/14/19

	

Don
Logan

	

      10,000.00

	
 

	

1/14/19

	

Knox

	

      10,000.00

	
 

	

1/14/19

	

Natale
Amato

	

      10,000.00

	
 

	

1/14/19

	

Bob
Lowe

	

      10,000.00

	
 

	

1/14/19

	

Joan
Boyntim

	

      10,000.00

	
 

	

1/15/19

	

Jason
Layman

	

      10,000.00

	
 

	

1/17/19

	

Shirley
Walker

	

      10,000.00

	
 

	

1/17/19

	

Ed
Baer

	

      10,000.00

	
 

	

1/18/19

	

Wells
Mountain

	

      30,000.00

	
 

	

1/14/19

	

Frank
Randazzo

	

      10,000.00

	
 

	

1/22/19

	

Michael
Baer

	

      10,000.00

	
 

	

1/22/19

	

Tim
Abbott

	

      10,000.00

	
 

	

1/31/19

	

Jack
Lehr

	

      15,000.00

	
 

	

1/31/19

	

Jack
Lehr

	

        5,000.01

	
 

	

2/12/19

	

Bob
Lowe

	

      10,000.00

	
 

	

3/22/19

	

Anne
& Mark Zerbe

	

      20,000.00

	
 

	
 

	
 

	
 

	
 

	

Total

	
 

	

    310,000.01

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