Document:

Exhibit
4.3

 

DESCRIPTION OF SECURITIES REGISTERED
UNDER SECTION 12 OF THE EXCHANGE ACT

 

We have authorized capital stock consisting
of 24,500,000 common shares, $0.001 par value, and 10,000,000 of all series of preferred stock, $0.001 par value.

 

Common Stock

 

As of December 31, 2019, there were 13,285,180
shares of our common stock outstanding, which were held by an estimated 1,100 record owners. Holders of common stock are entitled
to one vote for each share held on all matters submitted to a vote of shareholders. There is no cumulative voting of the election
of directors then standing for election. The common stock is not entitled to pre-emptive rights and is not subject to conversion
or redemption. Upon liquidation, dissolution or winding up of our company, the assets legally available for distribution to stockholders
are distributable ratably among the holders of the common stock, after payment of claims of creditors.

 

No preferred shares were issued and outstanding
as of December 31, 2019.

 

Anti-takeover Effects of Our Articles of Incorporation and
By-laws

 

Our articles of incorporation and bylaws
contain certain provisions that may have anti-takeover effects, making it more difficult for or preventing a third party from acquiring
control of our company or changing our board of directors and management. The holders of our common stock do not have cumulative
voting rights in the election of our directors, which makes it more difficult for minority stockholders to be represented on the
board. Our articles of incorporation allow our board of directors to issue additional shares of our common stock and new series
of preferred stock without further approval of our stockholders. The existence of authorized but unissued shares of common stock
and preferred could render more difficult or discourage an attempt to obtain control of our company by means of a proxy contest,
tender offer, merger, or otherwise.

 

Anti-takeover Effects of Nevada Law

 

Business Combinations

 

The “business combination”
provisions of Sections 78.411 to 78.444, inclusive, of the Nevada Revised Statutes, or NRS, generally prohibit a Nevada corporation
with at least 200 stockholders of record, a “resident domestic corporation,” from engaging in various “combination”
transactions with any “interested stockholder” unless certain conditions are met or the corporation has elected in
its articles of incorporation to not be subject to these provisions. We have not elected to opt out of these provisions and if
we meet the definition of resident domestic corporation, now or in the future, our company will be subject to these provisions.

 

A “combination” is generally
defined to include (a) a merger or consolidation of the resident domestic corporation or any subsidiary of the resident domestic
corporation with the interested stockholder or affiliate or associate of the interested stockholder; (b) any sale, lease, exchange,
mortgage, pledge, transfer, or other disposition, in one transaction or a series of transactions, by the resident domestic corporation
or any subsidiary of the resident domestic corporation to or with the interested stockholder or affiliate or associate of the interested
stockholder having: (i) an aggregate market value equal to 5% or more of the aggregate market value of the assets of the resident
domestic corporation, (ii) an aggregate market value equal to 5% or more of the aggregate market value of all outstanding shares
of the resident domestic corporation, or (iii) 10% or more of the earning power or net income of the resident domestic corporation;
(c) the issuance or transfer in one transaction or series of transactions of shares of the resident domestic corporation or any
subsidiary of the resident domestic corporation having an aggregate market value equal to 5% or more of the resident domestic corporation
to the interested stockholder or affiliate or associate of the interested stockholder; and (d) certain other transactions with
an interested stockholder or affiliate or associate of the interested stockholder.

 

 

 

    	 	1	 

     

    

 

An “interested stockholder”
is generally defined as a person who, together with affiliates and associates, owns (or within three years, did own) 10% or more
of a corporation’s voting stock. An “affiliate” of the interested stockholder is any person that directly or
indirectly through one or more intermediaries is controlled by or is under common control with the interested stockholder. An “associate”
of an interested stockholder is any (a) corporation or organization of which the interested stockholder is an officer or partner
or is directly or indirectly the beneficial owner of 10% or more of any class of voting shares of such corporation or organization;
(b) trust or other estate in which the interested stockholder has a substantial beneficial interest or as to which the interested
stockholder serves as trustee or in a similar fiduciary capacity; or (c) relative or spouse of the interested stockholder, or any
relative of the spouse of the interested stockholder, who has the same home as the interested stockholder.

 

If applicable, the prohibition is
for a period of two years after the date of the transaction in which the person became an interested stockholder, unless such transaction
is approved by the board of directors prior to the date the interested stockholder obtained such status; or the combination is
approved by the board of directors and thereafter is approved at a meeting of the stockholders by the affirmative vote of stockholders
representing at least 60% of the outstanding voting power held by disinterested stockholders; and extends beyond the expiration
of the two-year period, unless (a) the combination was approved by the board of directors prior to the person becoming an interested
stockholder; (b) the transaction by which the person first became an interested stockholder was approved by the board of directors
before the person became an interested stockholder; (c) the transaction is approved by the affirmative vote of a majority of the
voting power held by disinterested stockholders at a meeting called for that purpose no earlier than two years after the date the
person first became an interested stockholder; or (d) if the consideration to be paid to all stockholders other than the interested
stockholder is, generally, at least equal to the highest of: (i) the highest price per share paid by the interested stockholder
within the three years immediately preceding the date of the announcement of the combination or in the transaction in which it
became an interested stockholder, whichever is higher, plus compounded interest and less dividends paid, (ii) the market value
per share of common shares on the date of announcement of the combination and the date the interested stockholder acquired the
shares, whichever is higher, plus compounded interest and less dividends paid, or (iii) for holders of preferred stock, the highest
liquidation value of the preferred stock, plus accrued dividends, if not included in the liquidation value. With respect to (i)
and (ii) above, the interest is compounded at the rate for one-year United States Treasury obligations from time to time in effect.

 

Applicability of the Nevada business combination
statute would discourage parties interested in taking control of our company if they cannot obtain the approval of our board of
directors. These provisions could prohibit or delay a merger or other takeover or change in control attempt and, accordingly, may
discourage attempts to acquire our company even though such a transaction may offer our stockholders the opportunity to sell their
stock at a price above the prevailing market price.

 

Control Share Acquisitions

 

The “control share” provisions
of Sections 78.378 to 78.3793, inclusive, of the NRS, apply to “issuing corporations” that are Nevada corporations
with at least 200 stockholders of record, including at least 100 stockholders of record who are Nevada residents, and that conduct
business directly or indirectly in Nevada, unless the corporation has elected to not be subject to these provisions.

 

The control share statute prohibits an
acquirer of shares of an issuing corporation, under certain circumstances, from voting its shares of a corporation’s stock
after crossing certain ownership threshold percentages, unless the acquirer obtains approval of the target corporation’s
disinterested stockholders. The statute specifies three thresholds: (a) one-fifth or more but less than one-third, (b) one-third
but less than a majority, and (c) a majority or more, of the outstanding voting power. Generally, once a person acquires shares
in excess of any of the thresholds, those shares and any additional shares acquired within 90 days thereof become “control
shares” and such control shares are deprived of the right to vote until disinterested stockholders restore the right. These
provisions also provide that if control shares are accorded full voting rights and the acquiring person has acquired a majority
or more of all voting power, all other stockholders who do not vote in favor of authorizing voting rights to the control shares
are entitled to demand payment for the fair value of their shares in accordance with statutory procedures established for dissenters’
rights.

 

A corporation may elect to not be governed
by, or “opt out” of, the control share provisions by making an election in its articles of incorporation or bylaws,
provided that the opt-out election must be in place on the 10th day following the date an acquiring person has acquired
a controlling interest, that is, crossing any of the three thresholds described above. We have not opted out of these provisions
and will be subject to the control share provisions of the NRS if we meet the definition of an issuing corporation upon an acquiring
person acquiring a controlling interest unless we later opt out of these provisions and the opt out is in effect on the 10th
day following such occurrence.

 

The effect of the Nevada control share
statute is that the acquiring person, and those acting in association with the acquiring person, will obtain only such voting rights
in the control shares as are conferred by a resolution of the stockholders at an annual or special meeting. The Nevada control
share law, if applicable, could have the effect of discouraging takeovers of our company.

 

 

 

    	 	2Exhibit
4.1

 

DESCRIPTION
OF THE REGISTRANT’S SECURITIES

REGISTERED
PURSUANT TO SECTION 12 OF THE SECURITIES

EXCHANGE
ACT OF 1934

 

Save
Foods, 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 OTC, Pink Tier under the symbol “SAFO”.

 

Registration

 

Nir
Ecology Ltd. was founded in September 1989. Pimi Marion Holdings Ltd. was incorporated in 2004 based on Nir Ecology Ltd.’s
technology. In 2008, Pimi Marion Holdings Ltd. changed its name to Pimi Agro Cleantech Ltd., and in 2018, underwent an additional
name change to Save Foods, Inc.

 

Common
Stock

 

We
are authorized to issue up to a total of 495,000,000 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 10,209,487
shares of Common Stock issued.

 

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 5,000,000 shares of preferred stock, par value $0.0001 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 Certificate of Incorporation provides that vacancies on the board of directors may be
    filled only by the affirmative vote of 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 solely
    and exclusively by resolution duly adopted by 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 Certificate of Incorporation currently provides that special meetings of our stockholders
    may be called by the board of directors acting pursuant to a resolution approved by the affirmative vote of a majority of
    the directors then in office, and special meetings of stockholders may not be called by any other person or persons. 
	 	 
	●	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 the affirmative vote of the majority
    of the outstanding shares of capital stock entitled to vote on such amendment, and the affirmative vote of the majority of
    the outstanding shares of each class entitled to vote thereon as a class. Amendments to the Bylaws may be executed pursuant
    to a resolution by the board of directors pursuant to an affirmative vote of a majority of the directors then in office, or
    by the affirmative vote of at least 75% of the outstanding shares of capital stock entitled to vote.
	 	 
	●	Issuance
    of undesignated preferred stock. Our board of directors has the authority, without further action by the stockholders,
    to issue up to 5,000,000 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 Action Stock Transfer. The transfer agent and registrar’s address is
2469 E. Fort Union Blvd, Suite 214, Salt Lake City, UT 84121. The transfer agent’s telephone number is (801) 274-1088.

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