Document:

Exhibit 4.1

      

      

      DESCRIPTION OF CAPITAL STOCK

       

      

      The following description of our capital stock, certain provisions of our Certificate of Incorporation (the “Certificate of Incorporation”), our Bylaws
        (“Bylaws”), and certain provisions of Delaware law are summaries. The following is qualified in its entirety by our Certificate of Incorporation and our Bylaws, each of which is filed as an exhibit to our Annual Report on Form 10-K, to which this
        exhibit is also appended.

       

      

      General

       

      

      Our Certificate of Incorporation authorizes us to issue up to 95,000,000 shares of common stock, $0.001 par value per share, and 5,000,000 shares of
        preferred stock, $0.0001 par value per share, all of which shares of preferred stock are undesignated. Our board of directors may establish the rights and preferences of the preferred stock from time to time.

       

      

      Common Stock

       

      

      Voting Rights

       

      

      Each holder of our common stock is entitled to one vote for each share on all matters submitted to a vote of the stockholders, including the election of
        directors. Under our Certificate of Incorporation and Bylaws, our stockholders do not have cumulative voting rights. Because of this, the holders of a majority of the shares of common stock entitled to vote in any election of directors can elect
        all of the directors standing for election, if they should so choose.

       

      

      Dividends

       

      

      Subject to preferences that may be applicable to any then-outstanding preferred stock, holders of common stock are entitled to receive ratably those
        dividends, if any, as may be declared from time to time by the board of directors out of legally available funds.

       

      

      Liquidation

       

      

      In the event of our liquidation, dissolution or winding up, holders of common stock will be entitled to share ratably in the net assets legally available
        for distribution to stockholders after the payment of all of our debts and other liabilities and the satisfaction of any liquidation preference granted to the holders of any then-outstanding shares of preferred stock.

       

      

      Rights and Preferences

       

      

      Holders of common stock have no preemptive, conversion or subscription rights and there are no redemption or sinking fund provisions applicable to the
        common stock. The rights, preferences and privileges of the holders of common stock are subject to, and may be adversely affected by, the rights of the holders of shares of any series of preferred stock that we may designate in the future.

       

      

      Preferred Stock

       

      

      Our board of directors may, without further action by our stockholders, fix the rights, preferences, privileges and restrictions of up to an aggregate of
        shares of preferred stock in one or more series and authorize their issuance. These rights, preferences and privileges could include dividend rights, conversion rights, voting rights, terms of redemption, liquidation preferences, sinking fund terms
        and the number of shares constituting any series or the designation of such series, any or all of which may be greater than the rights of our common stock. The issuance of our preferred stock could adversely affect the voting power of holders of
        our common stock and the likelihood that such holders will receive dividend payments and payments upon liquidation. In addition, the issuance of preferred stock could have the effect of delaying, deferring or preventing a change of control or other
        corporate action. No shares of preferred stock are outstanding, and we have no present plan to issue any shares of preferred stock.

       

      

      
        
          

      

      Anti-Takeover Provisions

       

      

      Anti-Takeover Statute

       

      

      We are subject to Section 203 of the Delaware General Corporation Law, which generally prohibits a publicly held Delaware corporation from engaging in any
        business combination with any interested stockholder for a period of three years after the date that such stockholder became an interested stockholder, with the following exceptions:

       

      

      	

            	•	
              before such date, the board of directors of the corporation approved either the business combination or the transaction that resulted in the stockholder becoming an
                interested stockholder;

            

      	

            	•	
              upon completion of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting
                stock of the corporation outstanding at the time the transaction began, excluding for purposes of determining the voting stock outstanding, but not the outstanding voting stock owned by the interested stockholder, those shares owned (1) by
                persons who are directors and also officers and (2) employee stock plans in which employee participants do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange
                offer; or

            

      	

            	•	
              on or after such date, the business combination is approved by the board of directors and authorized at an annual or special meeting of the stockholders, and not by
                written consent, by the affirmative vote of at least 66 2/3% of the outstanding voting stock that is not owned by the interested stockholder.

            

      

      

      In general, Section 203 defines a “business combination” to include the following:

       

      

      	

            	•	
              any merger or consolidation involving the corporation and the interested stockholder;

            

      	

            	•	
              any sale, transfer, pledge or other disposition of 10% or more of the assets of the corporation involving the interested stockholder; ​

            

      	

            	•	
              subject to certain exceptions, any transaction that results in the issuance or transfer by the corporation of any stock of the corporation to the interested
                stockholder;

            

      	

            	•	
              any transaction involving the corporation that has the effect of increasing the proportionate share of the stock or any class or series of the corporation beneficially
                owned by the interested stockholder; or

            

      	

            	•	
              the receipt by the interested stockholder of the benefit of any loans, advances, guarantees, pledges or other financial benefits by or through the corporation.

            

      

      

      In general, Section 203 defines an “interested stockholder” as an entity or person who, together with the person’s affiliates and associates, beneficially
        owns, or within three years prior to the time of determination of interested stockholder status did own, 15% or more of the outstanding voting stock of the corporation.

       

      

      
        
          

      

      Anti-Takeover Effects of Certain Provisions of our Certificate of Incorporation and Bylaws

       

      

      Our Certificate of Incorporation provides for our board of directors to be divided into three classes with staggered three-year terms. Only one class of
        directors will be elected at each annual meeting of our stockholders, with the other classes continuing for the remainder of their respective three-year terms. Because our stockholders do not have cumulative voting rights, our stockholders holding
        a majority of the voting power of our shares of common stock outstanding will be able to elect all of our directors. The directors may be removed by the stockholders only for cause upon the vote of holders of 66 2/3% of the shares then entitled to
        vote at an election of directors. Furthermore, the authorized number of directors may be changed only by resolution of our board of directors, and vacancies and newly created directorships on our board of directors may, except as otherwise required
        by law or determined by our board, only be filled by a majority vote of the directors then serving on the board, even though less than a quorum. Our Certificate of Incorporation and Bylaws provide that all stockholder actions must be effected at a
        duly called meeting of stockholders and not by a consent in writing. A special meeting of stockholders may be called only by a majority of our whole board of directors, the chair of our board of directors or our chief executive officer. Our Bylaws
        also provide that stockholders seeking to present proposals before a meeting of stockholders to nominate candidates for election as directors at a meeting of stockholders must provide timely advance notice in writing, and specify requirements as to
        the form and content of a stockholder’s notice.

       

      

      Our Certificate of Incorporation further provides that the affirmative vote of holders of at least 66 2/3% of the voting power of all of the then
        outstanding shares of voting stock, voting as a single class, will be required to amend certain provisions of our Certificate of Incorporation, including provisions relating to the structure of our board of directors, the size of the board, removal
        of directors, special meetings of stockholders, actions by written consent and cumulative voting. The affirmative vote of holders of at least 66 2/3% of the voting power of all of the then outstanding shares of voting stock, voting as a single
        class, will be required to amend or repeal our Bylaws, although our Bylaws may be amended by a simple majority vote of our whole board of directors.

       

      

      The foregoing provisions will make it more difficult for our existing stockholders to replace our board of directors as well as for another party to obtain
        control of our company by replacing our board of directors. Since our board of directors has the power to retain and discharge our officers, these provisions could also make it more difficult for existing stockholders or another party to effect a
        change in management. In addition, the authorization of undesignated preferred stock makes it possible for our board of directors to issue preferred stock with voting or other rights or preferences that could impede the success of any attempt to
        change the control of our company.

       

      

      These provisions are intended to enhance the likelihood of continued stability in the composition of our board of directors and its policies and to
        discourage certain types of transactions that may involve an actual or threatened acquisition of our company. These provisions are also designed to reduce our vulnerability to an unsolicited acquisition proposal and to discourage certain tactics
        that may be used in proxy rights. However, such provisions could have the effect of discouraging others from making tender offers for our shares and may have the effect of deterring hostile takeovers or delaying changes in control of our company or
        our management. As a consequence, these provisions also may inhibit fluctuations in the market price of our stock that could result from actual or rumored takeover attempts.

       

      

      Choice of Forum

       

      

      Our Certificate of Incorporation provides that the Court of Chancery of the State of Delaware will be the exclusive forum for: (1) any
          derivative action or proceeding brought on our behalf; (2) any action or proceeding asserting a breach of fiduciary duty owed by any of our current or former directors, officers or employees to us or our stockholders; (3) any action or proceeding
          asserting a claim against us or any of our current or former directors, officers or other employees, arising out of or pursuant to the Delaware General Corporation Law, our Certificate of Incorporation or our Bylaws; (4) any action or proceeding
          to interpret, apply, enforce or determine the validity of our Certificate of Incorporation or our Bylaws; (5) any claim or cause of action as to which the DGCL confers jurisdiction on the Court of Chancery of
          the State of Delaware; and (6) any claim or cause of action against us or any of our current or former directors, officers or other employees, governed by the internal-affairs doctrine. This provision would not apply to suits brought to enforce a
          duty or liability created by the Exchange Act. Furthermore, Section 22 of the Securities Act creates concurrent jurisdiction for federal and state courts over all such Securities Act actions. Accordingly, both state and federal courts have
          jurisdiction to entertain such claims. To prevent having to litigate claims in multiple jurisdictions and the threat of inconsistent or contrary rulings by different courts, among other considerations, our Certificate of Incorporation further
          provides that the federal district courts of the United States of America will be the exclusive forum for resolving any complaint asserting a cause of action arising under the Securities Act. While the Delaware courts have determined that such
          choice of forum provisions are facially valid, a stockholder may nevertheless seek to bring a claim in a venue other than those designated in the exclusive forum provisions, and a court could find that either of the exclusive forum provisions in
          our Certificate of Incorporation is inapplicable or unenforceable.

       

        

      
        
          

      

      Transfer Agent and Registrar

       

      

      The transfer agent and registrar for our common stock is Broadridge Corporate Issuer Solutions, Inc.

       

      

      Listing

       

      

      Our common stock is listed on the Nasdaq Capital Market under the trading symbol “FORA.”Exhibit 10.3

  

  
     

    MEDICAL OUTCOMES RESEARCH ANALYTICS, LLC

     

    Confidential

     

    

    March 25, 2020

     

    

    Max Wygod

     

    

    
      	
              Re:

            	
              Conditional Offer of Employment

            

    

     

      

    Hi Max,

     

    

    This offer letter provides the key details of our conditional offer of employment to you by Medical Outcomes Research Analytics, LLC (“MOR”) with respect to the business of MOR
      and its subsidiaries (together with MOR, the “Company Group”).

    

    

    	
            Position

          	 	
            You will serve as President of MOR during your employment.

             

          
	
            Full-Time

          	 	
            During your employment, you shall devote substantially all of your business time and attention to the business and affairs of the Company Group, and shall not, without the prior written consent of our Board of
              Managers, accept other employment or perform other services for compensation; provided, however, that you may engage in educational, charitable, political, professional and civic activities or serve as an executor, trustee or in another
              similar fiduciary capacity, as long as such activities do not, individually or in the aggregate, interfere with your obligations to the Company Group.

             

          
	
            Start Date

          	 	
            As mutually determined.

             

          
	
            Location

          	 	
            Your employment will be remote, with reasonable travel to the Company Group offices in Pennsylvania and to current and potential stakeholders as necessary in the discretion of our Board (as defined below).

             

          
	
            Reporting

          	 	
            You will report to the MOR Board of Managers (our “Board”).

             

          
	
            Base Salary

          	 	
            $75,000 (annualized and payable in accordance with the Company Group’s payroll practices, currently bi-weekly).

             

          
	
            Commission

          	 	
            In addition to the Base Salary, you will be eligible to receive commission compensation (“Commissions”) pursuant to the terms and conditions of MOR’s sales commission
              plan and any future sales commission plan of its subsidiary(ies) (together, as amended, the “Commission Plan”).

          

    

    

    
      
        

      
        Max Wygod Offer Letter

        March 25, 2020

        Page 2

      

    

    	
            Equity

          	 	
            As further consideration for your employment, you will be granted Class B Units of membership interest in MOR in such amount as is specified in a Class B Unit Grant Agreement to be entered into on or about the
              date of this offer letter (the “Grant Agreement”).  The Class B Units are intended to be “profits interests,” and will be subject to vesting as specified in the Grant Agreement.

             

          
	
            Employee Benefits

          	 	
            You will be eligible to participate in all of the Company Group’s employee benefit plans and programs for which employees of the Company Group are generally eligible, as in effect from time to time, in
              accordance with and subject to the terms and conditions of the applicable plan or policy; provided that you shall not be entitled to participate in any equity program, plan or policy of the Company Group other than as specifically set forth
              herein. The Company Group reserves the right to change, alter or terminate any of the benefit plans or programs for which employees of the Company Group are eligible, in whole or in part, in the Company Group’s sole discretion.

             

          
	
            Paid Time Off

          	 	
            During your employment, you will receive 25 days of paid time off per calendar year (prorated to reflect any partial calendar year of employment), to be accrued and taken in accordance with the Company Group’s
              then-existing paid time off policies. Any accrued but unused paid time off remaining at the end of your employment will be forfeited, and you shall not receive payment for such accrued but unused paid time off, except as may otherwise be
              required by applicable law.

             

          
	
            Expenses

          	 	
            The Company Group will reimburse you for all reasonable and necessary travel, entertainment and similar business expenses incurred in the course of performing your duties and responsibilities to the Company
              Group which are consistent with the Company Group’s policies in effect from time to time, subject to the Company Group’s requirements with respect to reporting and documentation of such expenses including travel to and from the Company
              Group’s offices.

          

    

    

    
      
        2

        Confidential

      

      
        

      
        Max Wygod Offer Letter

        March 25, 2020

        Page 3

      

    

    	
            Tax Matters

          	 	
            All forms of compensation referred to in this offer letter are subject to applicable withholding and other deductions required by law. However, the Company Group and you acknowledge that the Base Salary payable
              to you at all times that you are a member of MOR will be “determined without regard to the income of the partnership” (i.e., MOR), and will therefore be reported and deducted by the Company Group as a guaranteed payment pursuant to 26 U.S.C.
              § 707(c); provided that no allocation of income will be made to you as a member of MOR in respect of such compensation, pursuant to the Amended and Restated Limited Liability Company Operating Agreement of MOR, dated as of January 28, 2020
              (as the same may be amended from time to time, the “Operating Agreement”), or otherwise.

             

            Pursuant to your classification as a partner for federal income tax purposes, the Company Group shall make an additional payment to you on no less than a quarterly basis during each year during your employment
              in order to insure that the net after-tax proceeds that you receive as a result of the payments of Base Salary pursuant to this offer letter are equal to the net after-tax proceeds that you would have received if you were classified as an
              employee for federal tax purposes and such payments were treated as compensation, subject to reporting on IRS Form W-2. The amount of such additional payment shall include (1) the impact of any benefits that would be available to you on a
              pre-tax basis were you to be classified as an employee for federal tax purposes and are not off-set by a corresponding deduction on your personal income tax return in computing Adjusted Gross Income and (2) any additional payments under this
              Tax Matters section. For the avoidance of doubt, the calculations pursuant to this section shall not take into consideration any amounts that you receive as a distribution pursuant to the Operating Agreement.

             

          
	
            At-Will Employment

          	 	
            Your employment with the Company Group is at-will and may be terminated at any time for any reason, with or without notice, by us or by you. However, we request that, in the event of resignation, you give the
              Company at least two (2) weeks’ prior notice. This letter does not represent a contract or other guarantee of employment (or the continuation of employment for any particular period).

          

    

    

    
      
        3

        Confidential

      

      
        

      
        Max Wygod Offer Letter

        March 25, 2020

        Page 4

      

    

    	
            Effect of Termination

          	 	
            In the event your employment is terminated, you shall be entitled to receive (1) the Base Salary earned for services rendered by you through the date of termination, which shall be paid on the next succeeding
              payroll date; (2) any unpaid expense reimbursement owed to you, which shall be paid within thirty (30) days of the date of termination; (3) any amount earned, accrued and arising from your participation in, or benefits accrued under, any
              Company Group employee benefit plan or program, which amounts shall be payable in accordance with the terms and conditions of such employee benefit plans and programs; and (4) Commissions, if any, earned through the date of termination as
              specified in the Commission Plan.  However, notwithstanding anything to the contrary in the Commission Plan, if MOR terminates your employment without Cause (as defined below), you shall also continue, following your termination, to receive
              Commissions for any revenues received by the Company Group on any Contract (as defined in the Commission Plan): (A) that you close on or before your date of termination or (B) that closes within 60 days after your date of termination if you
              had principal sales responsibility for that Contract during your employment; this payment will continue for the term applicable to respective closed Contract.  You shall not be entitled to any other salary, compensation or other benefits
              after termination of your employment, except as specifically provided for in the Company Group’s employee benefit plans or as otherwise expressly required by applicable law.

             

            For purposes of this offer letter, “Cause” shall mean one or more of the following: (1) your willful misconduct, violence or threat of violence that is injurious to any
              member of the Company Group in any material respect or any misconduct relating to your business or personal affairs, at any time, which will demonstrably reflect negatively upon any member of the Company Group or otherwise impair or impede
              its operations or reputation in any material respect; (2) your breach of any material company policy of any member of the Company Group, which breach is not remedied (if susceptible to remedy) to the reasonable satisfaction of MOR following
              written notice by MOR detailing the specific breach and your failure to remedy the same during the thirty (30)-day period following such notice; and (3) your conviction of a felony or other crime in respect of a dishonest or fraudulent act or
              of moral turpitude.

          

    

    

    
      
        4

        Confidential

      

      
        

      
        Max Wygod Offer Letter

        March 25, 2020

        Page 5

      

    

    	
            No Conflicts

          	 	
            We ask that, if you have not already done so, you disclose to the Company any and all agreements relating to your prior employment or consulting services that may affect your eligibility to be employed by the
              Company or in any way limit the manner in which you may be employed. It is the Company's understanding that any such agreements will not prevent you from performing the duties of your position and under the Proprietary Rights Agreement
              referred to below and you represent that such is the case.

             

          
	
            Requirements

          	 	
            Our offer of employment is contingent upon you signing and returning this Offer Letter.  The Company also reserves the right to conduct background investigations and/or reference checks on all of our potential
              employees and, if performed, our offer may therefore be further contingent upon a clearance of such a background investigation and/or reference check.

             

            In connection with your founding of MOR, you entered into a Founder Confidentiality and Assignment of Inventions Agreement (the “Proprietary Rights Agreement”).  You
              acknowledge that the Proprietary Rights Agreement will continue to govern as well as an employee of MOR.

             

            The Company Group engages a Professional Employment Organization (the “PEO”) to administer certain functions, such as payroll, workers’ compensation insurance and
              employee benefits and you may be treated as being co-employed by the PEO for such purposes. You will be required, as a condition of employment, to agree to the PEO serving in such capacity and to execute, without making any changes, new hire
              documents required of the PEO as well as other documents related to such functions. For the avoidance of doubt, in the event that the Company Group no longer utilizes the PEO and/or the Company Group terminates its agreement with the PEO so
              that you are no longer co-employed by the PEO, such events shall not, in and of themselves, constitute a termination or expiration of your employment.

             

            The grant of the Class B Units described under the Equity section above is subject to your execution and delivery of the Grant Agreement, a Joinder to the Operating Agreement and other subscription-related
              documents required by MOR, copies of which will be provided to you.

          

    

    

    
      
        5

        Confidential

      

      
        

      
        Max Wygod Offer Letter

        March 25, 2020

        Page 6

      

    

    	 	 	This Offer Letter, along with the other agreements referenced herein, set forth the terms of your employment with MOR and supersede any prior representations or agreements, including any
            representations made during your recruitment, interviews or pre-employment negotiations, whether written or verbal.

    

    

    We are equally thankful for the contributions you have already made and excited for what we can accomplish together going forward!

     

    Thank you,

     

    	
            By:

          	
            /s/ Adam Dublin

          	 
	 	
            Adam Dublin

          	 
	 	
            Co-Founder and Manager

          	 
	 	 	 
	
            ACKNOWLEDGED AND AGREED

          
	 	 	 
	
            By:

          	
            /s/ Max Wygod

          	 
	 	
            Max Wygod

          	 

    

    

    Date: March 25, 2020

     

    

    
      6

      Confidential

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00325-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00325-of-00352.parquet"}]]