Document:

Exhibit 4.3

 

EVOLVING SYSTEMS, INC.

DESCRIPTION OF SECURITIES

 

DESCRIPTION OF COMMON STOCK

 

The common stock of Evolving Systems, Inc.
is listed on the Nasdaq Capital Market under the symbol “EVOL.” All outstanding shares of common stock are validly
issued, fully paid, and nonassessable.

 

The following description of the terms of
our common stock is not complete and is qualified in its entirety by reference to our Restated Certificate of Incorporation, as
amended (the “Certificate of Incorporation”), and our Amended and Restated Bylaws (the “Bylaws”), both
of which are exhibits to our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q.

 

Voting Rights

 

The holders of our common stock are entitled
to one vote per share on all matters submitted for action by our stockholders. There is no provision for cumulative voting with
regard to the election of directors.

 

Dividend and Liquidation Rights

 

Subject to the preferences applicable to
any shares of preferred stock outstanding at any time, holders of our common stock are entitled to receive dividends when, as,
and if declared by our board of directors from funds legally available therefor and are entitled, in the event of a liquidation,
to share ratably in all assets available for distribution after payment of all debts.

 

Other Rights

 

The holders of our common stock have no preemptive
rights and no rights to convert their common stock into any other securities, and our common stock is not subject to any redemption
or sinking fund provisions.

 

Anti-Takeover Provisions of our Certificate of Incorporation,
Bylaws, and Delaware Law

 

Various provisions contained in our Certificate
of Incorporation, our Bylaws, and Delaware law could delay or discourage some transactions involving an actual or potential change
in control of Evolving Systems, Inc. or its management.

 

Certificate of Incorporation and Bylaws

 

Provisions in our Certificate of Incorporation
and our Bylaws:

 

	•	authorize our board of directors to establish one or more series of any class or classes of our preferred stock, the terms of which can be determined by the board of directors at the time of issuance and may include rights and preferences that are superior to the rights of our common stock;
	 	 
	•	do not authorize cumulative voting;
	 	 
	•	allow our directors to fill any vacancies on our board of directors, including vacancies resulting from a board of directors resolution to increase the number of directors;
	 	 
	•	prohibit our stockholders from taking action by written consent;
	 	 
	•	impose advance notice requirements for nominations for election to the Board of Directors or for proposing matters that can be acted upon at stockholder meetings;
	 	 
	•	allow our stockholders to remove directors without cause only by supermajority vote; and
	 	 
	•	provide that our stockholders can only amend our bylaws or certain Board of Directors-related provisions of our amended and restated certificate of incorporation by a supermajority vote.

 

     

     

    

 

Delaware Law

 

In addition, we are subject to the anti-takeover
provisions of Section 203 of the Delaware General Corporation Law, which prohibit us from engaging in a “business combination”
with an “interested stockholder” for a period of three years after the date of the transaction in which the person
became an interested stockholder, unless the business combination is approved in the prescribed manner. The application of Section 203
and certain provisions of our Certificate of Incorporation may have the effect of delaying or preventing changes in control of
our management, which could adversely affect the market price of our common stock by discouraging or preventing takeover attempts
that might result in the payment of a premium price to our stockholders.icon-ex46_960.htm

 

EXHIBIT 4.6

 

DESCRIPTION OF CAPITAL STOCK

Our amended and restated certificate of incorporation provides that our authorized capital stock consists of 260,000,000 shares of common stock, $0.001 par value, and 5,000,000 shares of preferred stock, $0.01 par value. The following description of our capital stock and provisions of our amended and restated certificate of incorporation and amended and restated bylaws are only summaries, and we encourage you to review complete copies of our amended and restated certificate of incorporation and amended and restated bylaws, which we have previously filed with the SEC.

Common stock

Subject to the rights specifically granted to holders of any then outstanding shares of our preferred stock, our common stockholders are entitled to vote together as a class on all matters submitted to a vote of our stockholders and are entitled to any dividends that may be declared by our board of directors. Our common stockholders do not have cumulative voting rights. Upon our dissolution, liquidation or winding up, holders of our common stock are entitled to share ratably in our net assets after payment or provision for all liabilities and any preferential liquidation rights of our preferred stock then outstanding. Our common stockholders have no preemptive rights to purchase shares of our common stock. The issued and outstanding shares of our common stock are not subject to any redemption provisions and are not convertible into any other shares of our capital stock. All outstanding shares of our common stock are, and the shares of common stock to be issued in this offering will be, upon payment therefor, fully paid and non-assessable. The rights, preferences and privileges of holders of our common stock are subject to those of the holders of our Series A preferred stock, described below, and any other shares of our preferred stock we may issue in the future.

 

Anti-takeover considerations and special provisions of Delaware law, our certificate of incorporation and our bylaws

Delaware anti-takeover law

We are subject to the provisions of Section 203 of the Delaware General Corporation Law regulating corporate takeovers. This section prevents Delaware corporations, under certain circumstances, from engaging in a “business combination” with:

 

	
 
	
•
	
 
	
a stockholder who owns 15% or more of our outstanding voting stock (otherwise known as an interested stockholder);

 

	
 
	
•
	
 
	
an affiliate of an interested stockholder; or

 

	
 
	
•
	
 
	
an associate of an interested stockholder

 

for three years following the date that the stockholder became an interested stockholder. A “business combination” includes a merger or sale of more than 10% of our assets.

However, the above provisions of Section 203 do not apply if:

 

	
 
	
•
	
 
	
our board of directors approves the transaction that made the stockholder an interested stockholder, prior to the date of that transaction;

 

	
 
	
•
	
 
	
after the completion of the transaction that resulted in the stockholder becoming an interested stockholder, that stockholder owned at least 85% of our voting stock outstanding at the time the transaction commenced, excluding shares owned by our officers and directors; or

 

	
 
	
•
	
 
	
on or subsequent to the date of the transaction, the business combination is approved by our board of directors and authorized at a meeting of our stockholders by an affirmative vote of at least two-thirds of the outstanding voting stock not owned by the interested stockholder.

 

 

This statute could prohibit or delay mergers or other change in control attempts, and thus may discourage attempts to acquire us.

Certificate of incorporation and bylaws

A number of provisions of our certificate of incorporation and bylaws concern matters of corporate governance and the rights of our stockholders. Provisions that grant our board of directors the ability to issue shares of preferred stock and to set the voting rights, preferences and other terms thereof may discourage takeover attempts that are not first approved by our board of directors, including takeovers which may be considered by some stockholders to be in their best interests. Certain provisions could delay or impede the removal of incumbent directors or the assumption of control by stockholders, even if such removal or assumption would be beneficial to our stockholders. These provisions also could discourage or make more difficult a merger, tender offer or proxy contest, even if they could be favorable to the interests of stockholders, and could potentially depress the market price of our common stock. Our board of directors believes that these provisions are appropriate to protect our interests and the interests of our stockholders.

Meetings of stockholders. Our bylaws provide that annual meetings of our stockholders may take place at the time and place established by our board of directors. A special meeting of our stockholders may be called at any time by the board or by any officer instructed by the directors to call the meeting.

Filling of board vacancies. Vacancies and newly created directorships resulting from any increase in the authorized number of directors may be filled by the affirmative vote of a majority of our directors then in office.

Amendment of the bylaws. Our bylaws may be amended or repealed by our board of directors or our stockholders.

Transfer agent, warrant agent and registrar

Continental Stock Transfer & Trust Company is the transfer agent and registrar for our common stock.Exhibit 10.9

 

Mantua Creek Group, LLC

P. O. Box 25064

Winston Salem, NC 27114

 

August 12, 2019

 

Ms. Christine T. Lindenmuth

Your Hometown Deli, LLC

25 E. Grant Street

Woodstown, NJ 08098

 

Re: Addendum - Lease Agreement, 541A Mantua
Ave., Paulsboro, NJ

 

Dear Christine,

 

Pursuant to our conversation today, please
accept this letter as written notification that Mantua Creek Group, LLC (Landlord) hereby grants Your Hometown Deli, LLC (tenant)
an extension to the lease dated 7/1/2014 for a further two years, in accordance to Section 1 Part B of said lease.

 

Therefore, the lease will now end June 30,
2021. All other terms of the Lease Agreement remain the same. This will further acknowledge receipt of your check (# 3055 dated
8/9/19) in the amount of $10,000.00 which brings the account current through 7/31/19.

 

	 	Sincerely,
	 	 
	 	/s/ James T. Patten
	 	James T. Patten, Manager

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00307-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00307-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00307-of-00352.parquet"}]]