Document:

EX-4.6

 Exhibit 4.6 

0.125% SERIES B CUMULATIVE PERPETUAL PREFERRED STOCK 
  

			
	Number: 1	  	Initial Number of Shares: 0

 CUSIP NO.: 902681 303 

0.125% Series B Cumulative Perpetual Preferred Stock 

(without par value) 

(liquidation preference $1,000 per share) 

of 
 UGI CORPORATION

 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO
THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS
MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL IN AS MUCH AS THE REGISTERED OWNER HEREOF,
CEDE & CO. HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC
OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE STATEMENT WITH RESPECT TO SHARES. 

IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION AS SUCH REGISTRAR AND
TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 

  
 - 1 - 

 UGI Corporation, a Pennsylvania corporation (the “Corporation”), hereby certifies that
Cede & Co. or registered assigns (the “Holder”) is the registered owner of a number of fully paid and non-assessable shares of preferred stock of the Corporation designated the
“0.125% Series B Cumulative Perpetual Preferred Stock,” without par value and with a liquidation preference of $1,000 per share (the “Series B Preferred Stock”), as set forth in Schedule A hereto. The shares of Series B
Preferred Stock are transferable on the books and records of the Registrar, in person or by a duly authorized attorney, upon surrender of this certificate duly endorsed and in proper form for transfer. The powers, designations, preferences and
relative, participating, optional or other rights, and the qualifications, limitations or restrictions thereof and other terms and provisions of the Series B Preferred Stock represented hereby are issued and shall in all respects be subject to the
provisions of the Statement with Respect to Shares of the 0.125% Series B Cumulative Perpetual Preferred Stock (the “Statement with Respect to Shares”). Capitalized terms used herein but not defined shall have the meaning given them
in the Statement with Respect to Shares. The Corporation will provide a copy of the Statement with Respect to Shares to a Holder without charge upon written request to the Corporation at its principal place of business. If any terms of this
certificate conflict with the Statement with Respect to Shares, then the terms of the Statement with Respect to Shares will control to the extent of such conflict. 

Reference is hereby made to select provisions of the Series B Preferred Stock set forth on the reverse hereof, and to the Statement with Respect to Shares,
which provisions shall for all purposes have the same effect as if set forth at this place. 
 Upon receipt of this certificate, the Holder is bound by the
Statement with Respect to Shares and is entitled to the benefits thereunder. 
 Unless the Transfer Agent has properly countersigned this certificate, the
shares of Series B Preferred Stock evidenced hereby shall not be entitled to any benefit under the Statement with Respect to Shares or be valid or obligatory for any purpose. 

  
 - 2 - 

 IN WITNESS WHEREOF, UGI Corporation has executed this certificate as of the date set forth below. 

 

			
	UGI CORPORATION

 
			
		
	By:	 	 

 
			
		 	Name:
		 	Title:
		
	Dated:	 	        

 [Signature Page to Series B Preferred Stock Certificate No. 1] 

 COUNTERSIGNATURE 

This is one of the certificates representing shares of Preferred Stock referred to in the within mentioned Statement with Respect to Shares. 

 

			
	COMPUTERSHARE INC.
as Transfer Agent

 
			
		
	By:	 	 

 
			
		 	Name:
		 	Title:
		
	Dated:	 	        

 [Signature Page to Series B Preferred Stock Certificate No. 1] 

 REVERSE OF SECURITY 

UGI CORPORATION 
 0.125%
Series B Cumulative Perpetual Preferred Stock 
 If, pursuant to Section 12 of the Series A Statement with Respect to Shares, a Modified Redemption
Date applies to the Convertible Preferred Stock following a Successful Remarketing of the Convertible Preferred Stock, then as of the relevant Remarketing Settlement Date, the First Redemption Date shall become the Modified Redemption Date pursuant
to the Statement with Respect to Shares. Holders of Series B Preferred Stock shall be entitled to receive when, as and if declared by the Board of Directors out of funds legally available for the payment of dividends, cumulative dividends on each
share of Series B Preferred Stock at the applicable Dividend Rate on the Liquidation Preference per share of the Series B Preferred Stock, payable in cash, shares of Common Stock, or a combination of cash and shares of Common Stock, at the
Corporation’s election, unless the Corporation has previously irrevocably elected a Dividend Payment Method to apply (subject to the limitations described in the Statement with Respect to Shares). 

The shares of Series B Preferred Stock shall be redeemable as provided in the Statement with Respect to Shares. 

The Corporation shall furnish without charge to each Holder who so requests a summary of the authority of the Board of Directors to determine variations for
future series within a class of stock and the powers, designations, preferences and relative, participating, optional or other rights of each class or series of share capital issued by the Corporation and the qualifications, limitations or
restrictions of such preferences and/or rights. 

 ASSIGNMENT 

FOR VALUE RECEIVED, the undersigned assigns and transfers the shares of Series B Preferred Stock evidenced hereby to: 

 
  

(Insert assignee’s social security or tax identification number) 
  

 
 (Insert address and zip code of assignee) 

and irrevocably appoints: 
  

 
 agent to transfer the shares of Series B Preferred
Stock evidenced hereby on the books of the Transfer Agent and Registrar. The agent may substitute another to act for him or her. 

Date:                         
                        

Signature:                       
                  
 (Sign exactly as your name appears on the other
side of this Series B Preferred Stock) 
 Signature
Guarantee:1                     

 

	1 	 Signature must be guaranteed by an “eligible guarantor institution” (i.e., a bank, stockbroker,
savings and loan association or credit union) meeting the requirements of the Registrar, which requirements include membership or participation in the Securities Transfer Agents Medallion Program (“STAMP”) or such other “signature
guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended. 

 SCHEDULE A 

UGI Corporation 
 Global
Preferred Share 
 0.125% Series B Cumulative Perpetual Preferred Stock 

The initial number of shares of Series B Preferred Stock represented by this Global Preferred Share shall be ZERO (0). The following exchanges of a part of
this Global Preferred Share have been made: 
  

									
	 Date of

Exchange
	 	 Amount of decrease

in number of shares
represented by this

Global Preferred
 Share
	 	 Amount of increase in

number of shares
 represented by
this
 Global Preferred Share
	 	 Number of shares
represented by this
Global
Preferred Share following such
decrease or increase
	 	 Signature of authorized
officer of
RegistrarExhibit
10.19

 

FORM

 

ORBSAT
CORP

 

RESTRICTED
STOCK AGREEMENT

(Non-Assignable)

 

________

 

_________
Shares of Restricted Stock of

Orbsat Corp.

 

THIS
CERTIFIES that on ________________, Charles M. Fernandez (“Holder”) was granted _____________ (_____,000) shares
of fully paid and non-assessable shares (“Restricted Shares”) of the Common Stock (par value $0.0001 per share) of Orbsat
Corp. (the “Corporation”), a Nevada corporation. A determination of the Board of Directors of the Corporation (the “Committee”)
as to any questions which may arise with respect to the interpretation of the provisions of this award shall be final.

 

TERMS
AND CONDITIONS. It is understood and agreed that the award evidenced by this agreement is subject to the following terms and conditions:

 

1.
Award and Vesting.

 

(a)
Award. The shares of Restricted Stock awarded hereunder shall be issued and held by the Corporation’s transfer agent in
book entry form, and the Holder’s name shall be entered as the stockholder of record on the books of the Corporation. Thereupon,
the Holder shall have all the rights of a stockholder with respect to such shares, including voting and dividend rights, subject, however,
to the restrictions and conditions specified in Paragraph 1(b) below. The Holder shall (i) sign and deliver to the Corporation a copy
of this Restricted Stock Agreement and (ii) deliver to the Corporation a stock power endorsed in blank if requested by the Corporation.

 

(b)
Vesting of Restricted Stock. The restrictions and conditions in Paragraphs 7(b) and (c) of this Agreement shall lapse upon the earlier
of (i) the Vesting Date or Dates specified in the following schedule or (ii) upon the occurrence of a Change of Control (as hereinafter
defined) so long as the Holder in the case of either (i) or (ii) remains a director, officer or employee of, or consultant or advisor
to, the Corporation from the date hereof through the applicable Vesting Date. If a series of Vesting Dates is specified, then the restrictions
and conditions in Paragraphs 7(b) and (c) shall lapse only with respect to the number of shares of Restricted Stock specified as vested
on such date.

 

	Incremental
    Number of Shares Vested	 	Vesting
    Date
	 	 	 
	[_xxx,000]
    (33.3 %)	 	One
    year anniversary of Grant Date 
	[_xxx,000]
    (33.3 %)	 	Second
    year anniversary of Grant Date 
	[_xxx,000]
    (33.4 %)	 	Third
    year anniversary of Grant Date

 

    	1

     

    

 

A
“Change of Control” shall be deemed to have occurred if, after the Effective Date, (i) the beneficial ownership (as defined
in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) of securities representing more
than 30% of the combined voting power of the Corporation is acquired by any “person” as defined in sections 13(d) and 14(d)
of the Exchange Act (other than the Corporation, any subsidiary of the Corporation, or any trustee or other fiduciary holding securities
under an employee benefit plan of the Corporation), (ii) the merger or consolidation of the Corporation with or into another corporation
where the shareholders of the Corporation, immediately prior to the consolidation or merger, would not, immediately after the consolidation
or merger, beneficially own (as such term is defined in Rule 13d-3 under the Exchange Act), directly or indirectly, shares representing
in the aggregate 50% or more of the combined voting power of the securities of the corporation issuing cash or securities in the consolidation
or merger (or of its ultimate parent corporation, if any) in substantially the same proportion as their ownership of the Corporation
immediately prior to such merger or consolidation, (iii) the sale or other disposition of all or substantially all of the Corporation’s
assets to an entity, other than a sale or disposition by the Corporation of all or substantially all of the Corporation’s assets
to an entity, at least 50% of the combined voting power of the voting securities of which are owned directly or indirectly by shareholders
of the Corporation, immediately prior to the sale or disposition, in substantially the same proportion as their ownership of the Corporation
immediately prior to such sale or disposition, or (iv) during any period of two consecutive years, individuals who at the beginning of
such period were members of the Corporation’s Board of Directors (“Incumbent Directors”) cease for any reason (other
than death) to constitute at least a majority thereof; provided that each new director whose election, or nomination for election by
the Corporation’s shareholders, was approved by a vote of at least a majority of the directors then still in office who were directors
at the beginning of such period shall be deemed an Incumbent Director unless such approval was made directly or indirectly in connection
with an actual or threatened election contest with respect to directors or as a result of any other actual or threatened solicitation
of proxies or consents by or on behalf of any person other than the Board.

 

2.
Regulatory Compliance and Listing. The issuance or delivery of any stock certificates representing Restricted Shares may be postponed
by the Corporation for such period as may be required to comply with any applicable requirements under the federal securities laws, any
applicable listing requirements of any national securities exchange, any rules, regulations or other requirements under any other law,
or any rules or regulations applicable to the issuance or delivery of such Restricted Shares, and the Corporation shall not be obligated
to deliver any such Restricted Shares to the Holder if delivery thereof would constitute a violation of any provision of any law or of
any regulation of any governmental authority or any national securities exchange.

 

3.
Investment Representations and Related Matters. The Holder hereby represents that the Restricted Shares awarded pursuant to this
agreement are being acquired for investment purposes and not for resale or with a view towards distribution thereof. The Holder acknowledges
and agrees that any sale or distribution of Restricted Shares may be made only pursuant to either (a) a registration statement on an
appropriate form under the Securities Act of 1933, as amended (“Securities Act”), which registration statement has become
effective and is current with regard to the Restricted Shares being sold, or (b) a specific exemption from the registration requirements
of the Securities Act that is confirmed in a favorable written opinion of counsel, in form and substance satisfactory to counsel for
the Corporation, prior to any such sale or distribution. The Holder hereby consents to such action as the Corporation deems necessary
or appropriate from time-to-time to prevent a violation of, or to perfect an exemption from, the registration requirements of the Securities
Act or to implement the provisions of this agreement, including but not limited to placing restrictive legends on certificates evidencing
Restricted Shares and delivering stop transfer instructions to the Corporation’s stock transfer agent.

 

    	2

     

    

 

4.
No Right To Continued Employment; Forfeiture. This agreement does not confer upon the Holder any right to continued employment
by the Corporation or any of its subsidiaries or affiliated companies, nor shall it interfere in any way with the right to the Holder’s
employer to terminate employment at any time for any reason or no reason.

 

5.
Construction. This agreement will be construed by and administered under the supervision of the Committee, and all determinations
will be final and binding on the Holder.

 

6.
Dilution. Nothing in this agreement will restrict or limit in any way the right of the Committee to issue or sell stock of the
Corporation (or securities convertible into stock of the Corporation) on such terms and conditions as it deems to be in the best interests
of the Corporation, including, without limitation, stock and securities issued or sold in connection with mergers and acquisitions, stock
issued or sold in connection with any stock option or similar plan, and stock issued or contributed to any stock bonus or employee stock
ownership plan.

 

7.
Legends and Restrictions.

 

(a)
The Restricted Shares shall bear a legend in substantially the following form:

 

THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE
SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION
STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS, OR (B) AN OPINION OR
COUNSEL, IN A REASONABLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR APPLICABLE STATE SECURITIES LAWS, OR (II)
UNLESS SOLD PURSUANT TO RULE 144 UNDER SAID ACT.

 

(b)
Shares of Restricted Stock granted herein may not be sold, assigned, transferred, pledged or otherwise encumbered or disposed of by the
Holder prior to vesting.

 

(c)
If the Holder’s employment with the Corporation or its subsidiaries is voluntarily terminated for any reason not deemed “For
Good Reason” as defined by the Holder’s employment agreement prior to vesting of shares of Restricted Stock granted herein,
all shares of Restricted Stock which have not vested shall immediately and automatically be forfeited and returned to the Corporation.

 

8.
Tax Withholding. The Holder shall, not later than the date as of which the receipt of this award becomes a taxable event for Federal
income tax purposes, pay to the Corporation any Federal, state, and local taxes required by law to be withheld on account of such taxable
event. Except in the case where an election is made pursuant to Paragraph 9 below, the Corporation shall have the authority to cause
the required minimum tax withholding obligation to be satisfied, in whole or in part, by withholding from shares of Stock to be issued
or released by the transfer agent a number of shares of Stock with an aggregate fair market value that would satisfy the minimum withholding
amount due.

    	3

     

    

 

9.
Election Under Section 83(b). The Holder and the Corporation hereby agree that the Holder may, within 30 days following the date
of this Agreement, file with the Internal Revenue Service and the Corporation an election under Section 83(b) of the Internal Revenue
Code. In the event the Holder makes such an election, he or she agrees to provide a copy of the election to the Corporation. The Holder
acknowledges that he or she is responsible for obtaining the advice of his or her tax advisors with regard to the Section 83(b) election
and that he or she is relying solely on such advisors and not on any statements or representations of the Corporation or any of its agents
with regard to such election.

 

10.
Notices. Any notice hereunder to the Corporation shall be addressed to it at Orbsat Corp, 18851 N.E. 29th Ave, Suite
700, Aventura FL 33180, Attention: CEO, and any notice hereunder to the Holder shall be addressed to the Holder at the last known home
address shown in the records of the Corporation, subject to the right of any party hereto to designate another address at any time hereafter
in writing.

 

11.
Counterparts. This agreement may be executed in counterparts each of which taken together shall constitute one and the same instrument.

 

12.
Governing Law. This agreement shall be governed by, and construed and enforced in accordance with, the internal laws of the State
of Florida without reference to principles of conflicts of laws.

 

IN
WITNESS WHEREOF, the Corporation caused this agreement to be executed by a duly authorized officer.

 

	Dated:
    ______________, 2021	ORBSAT
    CORP.
	 	 	 
	 	By:	 
	 	Name:	David
    Phipps
	 	Title:	CEO

 

	ACCEPTED AND ACKNOWLEDGED:
	 	 	 	 	 
	By:	 	 	 	 
	Dated:	                  	,2021	 	 

 

    	4

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