Document:

EXHIBIT 4.4

 

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

 

The following description sets forth certain material terms and provisions of Agile Therapeutics Inc.’s (“we,” “us,” and “our”) securities that are registered under Section 12 of the Securities Exchange Act of 1934, as amended.

 

DESCRIPTION OF CAPITAL STOCK

 

The following description is a summary and does not purport to be complete. It is subject to, and qualified in its entirety by reference to, our Amended and Restated Certificate of Incorporation (our “Certificate of Incorporation”) and our Amended and Restated Bylaws (our “Bylaws”), each of which are incorporated by reference as an exhibit to the Annual Report on Form 10-K of which this Exhibit 4.4 is a part.  The terms of these securities also may be affected by Delaware law.

 

Common Stock

 

General

 

Our Certificate of Incorporation provides the authority to issue 150,000,000 shares of common stock, par value $0.0001 per share. Each share of our common stock has the same relative rights and is identical in all respects to each other share of our common stock. The rights, preferences and privileges of holders of our common stock are subject to the rights, preferences and privileges of the holders of shares of any series of preferred stock that we have issued or may issue in the future.

 

Voting Rights

 

The holders of our common stock are entitled to one vote per share on any matter to be voted upon by our stockholders. Our Certificate of Incorporation does not permit cumulative voting in connection with the election of directors.

 

Dividends

 

The holders of our common stock are entitled to dividends, if any, as our Board of Directors may declare from time to time from funds legally available for that purpose, subject to the holders of other classes of stock, if any, at the time outstanding having prior rights as to dividends, if any.

 

Liquidation Rights

 

Upon any voluntary or involuntary liquidation, dissolution, or winding up of our affairs, the holders of our common stock are entitled to share ratably in all assets remaining after the payment of creditors, subject to any prior liquidation distribution rights of holders of other classes of stock, if any, at the time outstanding.

 

 

Miscellaneous

 

Holders of our common stock have no preemptive, conversion, redemption or sinking fund rights. The outstanding shares of our common stock are, and the shares of common stock to be offered hereby when issued will be, validly issued, fully paid and non-assessable.

 

Nasdaq Listing

 

Our common stock is listed on the Nasdaq Global Market under the symbol “AGRX.”

 

Transfer Agent and Registrar

 

The transfer agent and registrar for our common stock is Broadridge Corporate Issuer Solutions, Inc. whose address is P.O. Box 1342, Brentwood, NY 11717.

 

Preferred Stock

 

Our Certificate of Incorporation authorizes the issuance of up to 10,000,000 shares of preferred stock, par value $0.0001 per share. We may issue, from time to time in one or more series, the terms of which may be determined at the time of issuance by our board of directors, without further action by our stockholders, shares of preferred stock and such shares may include voting rights, preferences as to dividends and liquidation, conversion rights, redemption rights and sinking fund provisions. The shares of each series of preferred stock shall have preferences, limitations and relative rights, including voting rights, identical with those of other shares of the same series and, except to the extent provided in the description of such series, of those of other series of preferred stock.

 

The issuance of any preferred stock could adversely affect the rights of the holders of common stock and, therefore, reduce the value of the common stock. The ability of our board of directors to issue preferred stock could discourage, delay or prevent a takeover or change in control.

 

Voting Rights

 

The General Corporation Law of Delaware provides that the holders of preferred stock will have the right to vote separately as a class on any proposal involving fundamental changes in the rights of holders of that preferred stock. This right is in addition to any voting rights that may be provided for in the applicable certificate of designation.

 

Other

 

Our issuance of preferred stock could decrease the amount of earnings and assets available for distribution to the holders of common stock or could adversely affect the rights and powers, including voting rights, of the holders of common stock. The issuance of preferred stock could have the effect of decreasing the market price of our common stock.

 

 

Delaware Law and Certain Certificate of Incorporation and Bylaw Provisions

 

Our Certificate of Incorporation and Bylaws contain provisions that could delay or prevent a change of control of our company or changes in our board of directors that our stockholders might consider favorable. Some of these provisions:

 

·                  Authorize the issuance of preferred stock which can be created and issued by the board of directors without prior stockholder approval, with rights senior to those of our common stock;

 

·                  Provide for a classified board of directors, with each director serving a staggered three-year term;

 

·                  Prohibit our stockholders from filling board vacancies, calling special stockholder meetings or taking action by written consent;

 

·                  Provide for the removal of a director only with cause and by the affirmative vote of the holders of 75% or more of the shares then entitled to vote at an election of our directors;

 

·                  Require advance written notice of stockholder proposals and director nominations; and

 

·                  Require any action instituted against our officers or directors in connection with their service to the Company to be brought in the state of Delaware.

 

In addition, we are subject to the provisions of Section 203 of the Delaware General Corporation Law, which may prohibit certain business combinations with stockholders owning 15% or more of our outstanding voting stock. These and other provisions in our Certificate of Incorporation, Bylaws and Delaware law could make it more difficult for stockholders or potential acquirors to obtain control of our board of directors or initiate actions that are opposed by our then-current board of directors, including a merger, tender offer or proxy contest involving our company. This provision could have the effect of delaying or preventing a change of control, whether or not it is desired by or beneficial to our stockholders. Any delay or prevention of a change of control transaction or changes in our board of directors could cause the market price of our common stock to decline.

 

Indemnification

 

Our Certificate of Incorporation contains provisions permitted under the General Corporation Law of Delaware relating to the liability of directors. The provisions eliminate, to the extent legally permissible, a director’s liability for monetary damages for a breach of fiduciary duty, except in circumstances involving wrongful acts, such as the breach of a director’s duty of loyalty or acts or omissions that involve intentional misconduct or a knowing violation of law. The limitation of

 

 

liability described above does not alter the liability of our directors and officers under federal securities laws. Furthermore, our Certificate of Incorporation contains provisions to indemnify our directors and officers to the fullest extent permitted by the General Corporation Law of Delaware. These provisions do not limit or eliminate our right or the right of any stockholder of ours to seek non-monetary relief, such as an injunction or rescission in the event of a breach by a director or an officer of his duty of care to us. We believe that these provisions assist us in attracting and retaining qualified individuals to serve as directors.ex_172529.htm

Exhibit 4.2

Description of Securities

 

As of January 1, 2020, US Alliance Corporation (“USAC” or the “Company”) has one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Act”): Common Stock, par value $0.10 per share (the “Common Stock”). The Company is also authorized to issues 20,000,000 shares of preferred stock, par value $5.00 per share (“Preferred Stock”). As of January 1, 2020, no shares of Preferred Stock are issued or outstanding, and no class of Preferred Stock is registered under Section 12 of the Act.

 

 

The Company is authorized to issue 9,000,000 shares of Common Stock. Holders of Common Stock are entitled, subject to the prior right of any preferred stock outstanding (none at this time), to such dividends as the Board of Directors, in its discretion, may declare out of legally available funds. In the event of liquidation, holders of Common Stock are entitled, subject to the prior rights of holders of any preferred stock then outstanding and any creditors, to participate pro rata in all assets, if any, of USAC remaining after the payment of liabilities. Holders are entitled to one vote for each share of Common Stock held by them, and may not vote cumulatively in the election of directors. Holders of the Common Stock do not have preemptive rights.ex_172394.htm

Exhibit 10.1.1

 

SECOND AMENDMENT TO COMMERCIAL LEASE AGREEMENT

 

THIS SECOND AMENDMENT TO COMMERCIAL LEASE AGREEMENT is made this  26th  day of September, 2018 by and between LINDEMUTH, INC DBA GAGE CENTER, (hereinafter referred to as "LANDLORD") and US ALLIANCE CORPORATION (hereinafter referred to as "TENANT").

 

WITNESSETH:

 

WHEREAS, LANDLORD and TENANT executed and entered into a Lease which commenced on October, 11th, 2011, and First Amendment to Lease Agreement made on August 27th 2014 for property located at 4123 SW Gage Center Dr. Suite 240 - Topeka, Kansas 66604 as the same has subsequently been renewed (hereinafter collectively referred to as "Lease") for those Premises consisting of approximately 4,067 +/- square feet located at 4123 SW Gage Center Dr. Suite 240 - Topeka, Kansas 66604 ("Premises").

 

WHEREAS, LANDLORD and TENANT desire to extend the term and amend the Lease as hereinafter set forth:

 

NOW, THEREFORE, in consideration of the promises and other good and valuable consideration, the sufficiency of which is hereby acknowledged, LANDLORD and TENANT hereby agree that the term of the Lease is amended as follows:

 

1)           LEASE TERM: Tenant hereby desires to extend its lease term for two (2) years starting 0l/01/19 through 12/31/20 at a monthly base rent of$3,151.93.

 

2)           OPTION TO RENEW: Provided Tenant is not in default of this Lease Agreement, Tenant shall have the option to renew this Lease Agreement for three (3), one (1) year options under the same terms and conditions with the Minimum rents to be adjusted upon the schedule below. Tenant must give Landlord written notice of Tenant's desire to exercise each individual Options to Renew ninety (90) days prior to the then lease expiration date. Failure to give such notice to renew will result in the individual Options to Renew becoming null and void.

 

Option 1: 01/01/21 - 12/31/21 at a monthly base rent of $3,151.93

Option 2: 0l/01/22 - 12/31/22 at a monthly base rent of $3,309.53

Option 3: 01/01/23 - 12/31/23 at a monthly base rent of $3,309.53

 

3)           Tenant understands and agrees that there is not an elevator within the building of the leased Premises and the language in section 7b of the original Lease Agreement referencing the Landlord being responsible for elevator service shall be deleted.

 

"All other terms and conditions of the original Lease which commenced on October 11th, 2011 and First Amendment to Lease Agreement made on August 27th, 2014, shall remain unchanged and in full force and effect".

 

IN WITNESS WHEREOF, the parties have executed this instrument the day and year first above written.

 

 

 

 

LANDLORD:

LINDEMUTH, INC.

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