Document:

Exhibit 4.4

 

DESCRIPTION OF THE REGISTRANT’S SECURITIES

REGISTERED PURSUANT TO SECTION 12 OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Future
FinTech Group Inc. (the “Company”, “we”, “us” or “our”) has one class of securities registered
under Section 12 of the Securities Exchange Act of 1934, as amended, (the “Exchange Act”) which consists of common stock,
$0.001 par value per share (the “Common Stock”). The following is a summary of our capital stock and certain provisions of
our certificate of incorporation and bylaws. This summary does not purport to be complete and is qualified in its entirety by the provisions
of our Second Amended and Restated Articles of Incorporation, as amended (“Articles of Incorporation”), our Amended and Restated
Bylaws (“Bylaws”), and applicable provisions of the Florida Business Corporation Act (the “FCBA”).

 

Our authorized
capital stock consists of 300,000,000 shares of Common Stock, par value $0.001 per share, and 10,000,000 shares of preferred stock, par
value $0.001 per share. Currently, we have no other authorized classes of stock.  In addition, there are warrants to purchase 557,791
shares of our Common Stock outstanding of the Company’s common stock as of April 12, 2021.

 

DESCRIPTION OF COMMON
STOCK

 

As of
April 12, 2021, there were 65,286,192 shares of our Common Stock outstanding, held by approximately 69 stockholders of record.

 

Our Common
Stock is currently traded on The NASDAQ Capital Market under the symbol “FTFT”. The transfer agent and registrar for our common
stock is Continental Stock Transfer & Trust. 

 

Holders of shares of our Common
Stock are entitled to one vote for each share on all matters to be voted on by the shareholders. Except if a greater plurality is
required by the express requirements of law or our Articles of Incorporation, the affirmative vote of a majority of the shares of voting
stock represented at a meeting of shareholders at which there shall be a quorum present shall be required to authorize all matters to
be voted upon by our shareholders. According to our charter documents, holders of our Common Stock do not have preemptive rights
and are not entitled to cumulative voting rights.  There are no conversion or redemption rights or sinking funds provided for
our shareholders.  Shares of our Common Stock share ratably in dividends, if any, as may be declared from time to time by the
board of directors in its discretion from funds legally available for distribution as dividends.  In the event of our liquidation,
dissolution or winding up, the holders of our Common Stock are entitled to share pro rata all assets remaining after payment in full of
all liabilities.  All of the outstanding shares of our Common Stock are fully paid and non-assessable.

 

Anti-Takeover Effects
of Certain Provisions of Florida Law

 

As a Florida corporation,
we are also subject to certain provisions of the FCBA that have anti-takeover effects and may inhibit a non-negotiated merger or other
business combination. Our Articles of Incorporation and Bylaws also contain other provisions which could have anti-takeover effects. These
provisions include, without limitation, the authority of our Board of Directors to issue additional shares of preferred stock and to fix
the relative rights and preferences of the preferred stock without the need for any shareholder vote or approval, as discussed above,
and advance notice procedures to be complied with by our shareholders in order to make shareholder proposals or nominate directors.

 

     

    	

    

 

In addition, the FBCA prohibits
the voting of shares in an “issuing public corporation” that are acquired in a “control share acquisition” unless
the board of directors of the corporation approves the control share acquisition before the acquisition or the holders of a majority of
the corporation’s voting shares (excluding shares held by officers of the corporation, inside directors of the corporation or the
acquiring party) approve the granting of voting rights as to the shares acquired in the control share acquisition. An “issuing public
corporation” is a corporation that has (i) 100 or more shareholders, (ii) its principal place of business, its principal
office or substantial assets in Florida and (iii) either more than 10% of its shareholders residing in Florida, more than 10% of
its shares owned by Florida residents or 1,000 shareholders residing in Florida “Control shares” are defined in the FBCA as
shares acquired by a person, either directly or indirectly, that when added to all other shares of the issuing corporation owned by that
person, would entitle that person to exercise, either directly or indirectly, voting power in the election of directors within any of
the following ranges: (i) 20% or more but less than 33% of all voting power of the corporation’s voting securities; (ii) 33%
or more but less than a majority of all voting power of the corporation’s voting securities; or (iii) a majority or more of
all of the voting power of the corporation’s voting securities. These provisions do not apply to shares acquired under, among other
things, an agreement or plan of merger or share exchange effected in compliance with the relevant provisions of the FBCA and to which
the corporation is a party, or an acquisition of shares previously approved by the board of directors of the corporation.

 

The FBCA also prohibits
a publicly held Florida corporation from engaging in a number of mergers, consolidations, dispositions of assets, or other business combinations
or extraordinary corporate transactions (each such transaction, an “affiliated transaction”) with an “interested shareholder”
for a period of three years following the time that such shareholder became an interested shareholder unless: (x) prior to such shareholder
becoming an interested shareholder, the board of directors of the corporation approved either the affiliated transaction or the transaction
which resulted in the shareholder becoming an interested shareholder; (y) upon consummation of the transaction that resulted in the shareholder
becoming an interested shareholder, the interested shareholder owned at least 85 percent of the outstanding voting shares of the corporation
(other than shares held by directors who are also officers and certain employee benefit plans); or (z) the affiliated transaction is
approved by the board of directors and authorized at an annual or special meeting of shareholders, and not by written consent, by the
affirmative vote of at least two thirds of the outstanding voting shares which are not owned by the interested shareholder. An “interested
shareholder” is any person who, together with such person’s affiliates and associates, beneficially owns 15% or more
of the outstanding voting stock of a corporation. The above approval is not required if (i) a majority of the disinterested directors
has approved the affiliated transaction, (ii) the corporation has not had more than 300 shareholders of record at any time during
the three years preceding the date of the transaction’s announcement, (iii) the interested shareholder has been the beneficial
owner of at least 80% of the corporation’s outstanding voting shares for at least three years preceding the date of the transaction’s
announcement, (iv) the interested shareholder is the beneficial owner of at least 90% of the outstanding voting shares of the corporation,
exclusive of shares acquired directly from the corporation in a transaction not approved by a majority of the disinterested directors,
(v) the corporation is an investment company registered under the Investment Company Act of 1940, or (vi) the consideration
that holders of each class or series of stock of the corporation will receive in the affiliated transaction meets certain minimum levels
determined by a formula under the FBCA.CPI AEROSTRUCTURES, INC. 10-K

 

 

 

EXHIBIT
4.1

 

DESCRIPTION
OF REGISTRANT’S SECURITIES

REGISTERED
PURSUANT TO SECTION 12 OF THE

SECURITIES
EXCHANGE ACT OF 1934

 

The
following description of the securities of CPI Aerostructures, Inc. (the “Company”, “we”, “our” or
similar terms) is based upon the Company’s amended and restated certificate of incorporation (“Charter”), the Company’s
bylaws (“Bylaws”) and applicable provisions of law. We have summarized certain portions of the Charter and Bylaws below.
The summary is not complete and is subject to, and is qualified in its entirety by express reference to, the provisions of our Charter
and Bylaws, each of which is filed as an exhibit to the Annual Report on Form 10-K of which this Exhibit 4.1 is a part.

 

Authorized
Capital Stock

 

Pursuant
to our Charter, our authorized capital stock consists of 55,000,000 shares, of which 50,000,000 is voting Common Stock, $0.0001 par value
per share, and 5,000,000 is Preferred Stock, $0.001 par value per share.

 

Common
Stock

 

Authorization. The
outstanding shares of the Company’s common stock are duly authorized, validly issued, fully paid and nonassessable.

 

Listing. The
Company’s common stock is traded on the NYSE American exchange under the ticker symbol “CVU.”

 

Voting
Rights. Common stockholders of record are entitled to one vote for each share held on all matters to be voted on by stockholders.

 

Preemptive
Rights, Etc. Our stockholders have no preemptive or other subscription rights. There are no sinking fund provisions applicable
to our common stock, except that upon the consummation of our initial business combination, subject to the limitations described herein,
we will provide our stockholders with the opportunity to redeem their shares of our common stock for cash equal to their pro rata share
of the aggregate amount then on deposit in the trust account.

 

Preferred
Stock

 

Our
Charter provides that shares of preferred stock may be issued from time to time in one or more series. Our board of directors will be
authorized to fix the voting rights, if any, designations, powers, preferences, the relative, participating, optional or other special
rights and any qualifications, limitations and restrictions, applicable to the shares of each series. Our board of directors will be
able, without stockholder approval, to issue preferred stock with voting and other rights that could adversely affect the voting power
and other rights of the holders of the common stock and could have anti-takeover effects.

 

We
currently have no preferred stock issued or outstanding.

 

Provisions
of New York Law and Our Charter and Bylaws

 

Certain
provisions of New York law and of our Charter and Bylaws could make our acquisition by a third party, a change in our incumbent management,
or a similar change of control more difficult. The provisions described below, and the board of directors’ right to issue shares
of our preferred stock from time to time in one or more classes or series without shareholder approval, as described above, may discourage
certain types of coercive takeover practices and inadequate takeover bids and encourage persons seeking to acquire control of us to first
negotiate with our board of directors. We believe that these provisions help to protect our potential ability to negotiate with the proponent
of an unfriendly or unsolicited proposal to acquire or restructure us, and that this benefit outweighs the potential disadvantages of
discouraging such a proposal because our ability to negotiate with the proponent could result in an improvement of the terms of the proposal.

 

     

    	 

    

 

 

 

 

Classified
Board of Directors. Our board of directors is divided into three classes. The members of each class are elected for a term of three
years and only one class of directors is elected annually. Thus, it would take at least two annual elections to replace a majority of
our board of directors. Nominations for our board of directors may be made by our board or, in certain situations, by any holder of common
stock. A shareholder entitled to vote for the election of directors may nominate a person for election as director only if the shareholder
provides written notice of his nomination to our secretary not later than 120 days in advance of the same day and month that our proxy
statement was released to shareholders in connection with the previous year’s annual meeting of shareholders or, if no annual meeting
was held in the previous year, then by the end of the fiscal year to which the annual meeting in which the nomination will be made relates
to.

 

Stockholder
Meetings. A special meeting of our shareholders may be called only by our board of directors or our chairman of the board, if one
has been elected, or our president. Any action required or permitted to be taken by a vote of our shareholders may be taken without a
meeting by written consent, except that such written consent must be signed by the holders of all of the shares entitled to vote thereon.

 

New
York anti-takeover law. We are subject to certain “business combination” provisions of Section 912 of the NYBCL and expect
to continue to be so subject if and for so long as we have a class of securities registered under Section 12 of the Exchange Act. Section
912 provides, with certain exceptions, that a New York corporation may not engage in a “business combination” (e.g., merger,
consolidation, recapitalization or disposition of stock) with any “interested shareholder” for a period of five years from
the date that such person first became an interested shareholder unless the business combination or the transaction resulting in a person
becoming an interested shareholder was approved by the board of directors of the corporation prior to that person becoming an interested
shareholder. No New York corporation may engage at any time in any business combination with an interested shareholder other than (i)
a business combination that is approved by the board of directors of the corporation prior to that person becoming an interested shareholder,
or where the transaction resulting in a person becoming an interested shareholder was approved by the board of directors of the corporation
prior to that person becoming an interested shareholder; (ii) a business combination that is approved by a majority of the outstanding
stock not held by the interested shareholder or an affiliate of the interested shareholder at a meeting called no earlier than five years
after the interested shareholder’s stock acquisition date; or (iii) the business combination that meets certain valuation requirements
for the consideration paid. An “interested shareholder” is defined as any person who (a) is the beneficial owner of 20% or
more of the outstanding voting stock of a New York corporation or (b) is an affiliate or associate of a corporation that at any time
during the prior five years was the beneficial owner, directly or indirectly, of 20% or more of the then outstanding voting stock. A
“business combination” includes mergers, asset sales and other transactions resulting in a financial benefit to the interested
shareholder. The “stock acquisition date,” with respect to any person and any New York corporation, means the date that such
person first becomes an interested shareholder of such corporation.

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