Document:

Exhibit 4.10

 

DESCRIPTION OF SECURITIES 

REGISTERED PURSUANT TO SECTION 12 OF THE 

SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

 

Data Storage Corporation (the “Company,”
“we,” “us,” and “our”) has one class of securities registered under Section 12 of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), which is the Company’s common stock, par value $0.001 per share
(the “Common Stock”). The Common Stock is registered under Section 12(g) of the Exchange Act.

 

General

 

The following is a description of the material terms
of the Company’s Common Stock. This is a summary only and does not purport to be complete. It is subject to and qualified in its
entirety by reference to the Company’s Articles of Incorporation (the “Articles of Incorporation”) and the Company’s
Bylaws (the “Bylaws”), each of which are incorporated by reference as an exhibit to its Annual Report on Form 10-K of which
this Exhibit is a part. The Company encourages you to read its Articles of Incorporation, its Bylaws and the applicable provisions
of Nevada Revised Statutes (the “NRS”), for additional information.

 

Description of Common Stock

 

Authorized Shares of Common Stock

 

The authorized number of shares of Common Stock is
250,000,000 shares of Common Stock.

 

Voting Rights

 

The holders of Common Stock have the unlimited right
to vote for the election of directors and on all other matters requiring stockholder action, each share being entitled to one vote.

 

Dividend Rights

 

Subject to preferences that may be applicable to any
then outstanding preferred stock, the holders of Common Stock are entitled to receive dividends, if any, as may be declared and paid or
set apart for payment upon the Common Stock out of any assets or funds of the Company legally available for the payment of dividends

 

Liquidation Rights

 

Upon the voluntary or involuntary liquidation, dissolution
or winding-up of the Company the net assets of the Company available for distribution shall be distributed pro rata to the holders of
the Common Stock in accordance with their respective rights and interests.

 

Other Rights and Preferences

 

The holders of the Common Stock have no preemptive,
conversion or subscription rights, and there are no redemption or sinking fund provisions applicable to the Common Stock. The rights,
preferences and privileges of the holders of the Common Stock are subject to, and may be adversely affected by, the rights of the holders
of shares of any series of the Company’s preferred stock that is currently outstanding and that it may designate and issue in the
future.

 

    

     

    

 

Fully Paid and Nonassessable

 

All of the outstanding shares of Common Stock are
fully paid and non-assessable.

 

Description of Common Stock Purchase Warrants

 

The material provisions of the Warrants are set forth
herein and a copy of the Warrant Agent Agreement has been filed as an exhibit to the Registration Statement on Form S-1 (the “Warrant
Agent Agreement”), dated May 18, 2021. The Company and the Warrant Agent (as defined in the Warrant Agent Agreement”) may
amend or supplement the Warrant Agent Agreement without the consent of any holder for the purpose of curing any ambiguity, or curing,
correcting or supplementing any defective provision contained therein or adding or changing any other provisions with respect to matters
or questions arising under the Warrant Agent Agreement as the parties thereto may deem necessary or desirable and that the parties determine,
in good faith, shall not adversely affect the interest of the holders. All other amendments and supplements shall require the vote or
written consent of holders of at least 50.1%. The exercise price and number of shares of Common Stock issuable upon exercise of the Warrants
may be adjusted in certain circumstances, including in the event of a stock dividend, extraordinary dividend on or recapitalization, reorganization,
merger or consolidation.

 

Exercisability

 

The warrants are exercisable at any time after their
original issuance and at any time up to the date that is five (5) years after their original issuance. The warrants may be exercised upon
surrender of the warrant certificate on or prior to the expiration date at the offices of the Warrant Agent, with the exercise form on
the reverse side of the warrant certificate completed and executed as indicated, accompanied by full payment of the exercise price, by
certified or official bank check payable to us, for the number of warrants being exercised. Under the terms of the Warrant Agreement,
if at the time of exercise hereof there is no effective registration statement registering, or the prospectus contained therein is not
available for the issuance of, the common stock issuable upon exercise of the warrants, the holders of the warrants shall have the right
to exercise the warrants solely via a cashless exercise feature provided for in the warrants, until such time as there is an effective
registration statement and current prospectus. Notwithstanding the foregoing, on the expiration date of the warrants, they shall be automatically
exercised via cashless exercise pursuant to the terms of the warrants.

 

Exercise Limitation

 

A holder may not exercise any portion of a warrant
to the extent that the holder, together with its affiliates and any other person or entity acting as a group, would own more than 4.99%
(or, upon election by a warrant holder prior to the issuance of such warrants, 9.99%) of the outstanding common stock immediately after
such exercise, as such percentage ownership is determined in accordance with the terms of the warrant, except that upon at least 61 days’
prior notice from the holder to us, the holder may waive such limitation up to a percentage not in excess of 9.99%.

 

Exercise Price

 

The exercise price per whole share of common stock
purchasable upon exercise of the warrants is $7.425 per share. The exercise price is subject to appropriate adjustment in the event of
certain stock dividends and distributions, stock splits, stock combinations, reclassifications or similar events affecting the Company’s
common stock and also upon any distributions of assets, including cash, stock or other property to the Company’s stockholders.

 

Fractional Shares

 

No fractional shares of common stock will be issued
upon exercise of the warrants. If, upon exercise of the warrant, a holder would be entitled to receive a fractional interest in a share,
the Company will, upon exercise, and its election, either pay a cash adjustment in respect of such fraction in an amount equal to such
fraction multiplied by the exercise price or round up to the next whole share. If multiple warrants are exercised by the holder at the
same time, the Company shall pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by
the exercise price.

 

    

     

    

 

Transferability

 

Subject to applicable laws, the warrants at the
option of the holder upon surrender of the warrant to the Company or its designated agent, together with the appropriate instruments of
transfer may be offered for sale, sold, transferred or assigned without the Company’s consent.

 

Amendment and Waiver

 

Subject to any non-conflicting terms of the warrant
agency agreement and the exercise adjustment provisions of the warrants, the warrants may be modified or amended or the provisions thereof
waived (i) with respect to an amendment or modification, upon obtaining the written consent of the Company and the holders of at least
50.1% of the shares common stock issuable upon the exercise of the then-outstanding warrants issued pursuant to the warrant agency agreement
and (ii) in the case of a waiver, by the party against whom enforcement of any such waived provision is sought; provided, that, in each
case, if any amendment, modification or waiver disproportionately, materially and adversely impacts a warrant holder (or group of holders),
the written consent of such disproportionately impacted holder (or group of holders) shall also be required, and provided further that
such modification, amendment or waiver applies to all of the then-outstanding warrants.

 

Exchange Listing

 

The warrants are listed on Nasdaq under the symbol
“DTSTW”.

 

Fundamental Transactions

 

In the event of a fundamental transaction, as described
in the warrants and generally including any reorganization, recapitalization or reclassification of the Company’s common stock,
the sale, transfer or other disposition of all or substantially all of its properties or assets, its consolidation or merger with or into
another person, the acquisition of more than 50% of the Company’s outstanding common stock, or any person or group becoming the
beneficial owner of 50% of the voting power represented by the Company’s outstanding common stock, the holders of the warrants will
be entitled to receive the kind and amount of securities, cash or other property that the holders would have received had they exercised
the warrants immediately prior to such fundamental transaction.

 

Rights as a Stockholder

 

The warrant holders do not have the rights or privileges
of holders of common stock or any voting rights until they exercise their warrants and receive shares of common stock. After the issuance
of shares of common stock upon exercise of the warrants, each holder will be entitled to one vote for each share held of record on all
matters to be voted on by stockholders.

 

Governing Law

 

The warrants and the warrant agency agreement are
governed by New York law.

 

Transfer Agent and Registrar

 

The transfer agent and registrar for the Common Stock
is VStock Transfer, LLC. Its address is: 18 Lafayette Place, Woodmere, New York 11598 and its telephone number is (212) 828-8436.

 

Nasdaq Listing

 

The Common Stock is traded on Nasdaq under the symbol
“DTST.”

 

    

     

    

 

Anti-Takeover Effects of Certain Provisions of
the Company’s Articles of Incorporation and Bylaws

 

The Company’s 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 the Company or changing its board of directors and management. According to the Articles of Incorporation and Bylaws, the holders
of the Common Stock do not have cumulative voting rights in the election of its directors. The lack of cumulative voting makes it more
difficult for other stockholders to replace the Company’s board of directors or for a third party to obtain control of the Company
by replacing its board of directors.

 

Authorized but Unissued Shares

 

The Company’s authorized but unissued shares
of Common Stock will be available for future issuance without stockholder approval. The Company may use additional shares of Common Stock
for a variety of purposes, including future public offerings to raise additional capital, to fund acquisitions and as employee compensation.
The existence of authorized but unissued shares of Common Stock could render more difficult or discourage an attempt to obtain control
of the 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 NRS generally prohibit a Nevada corporation with at least 200 stockholders from engaging
in various “combination” transactions with any interested stockholder for a period of two years after the date of the transaction
in which the person became an interested stockholder, unless the 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:

 

	 	●	the
    combination was approved by the board of directors prior to the person becoming an interested stockholder or 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
    or the combination is later approved by a majority of the voting power held by disinterested stockholders; or

 

	 	●	if
    the consideration to be paid by the interested stockholder is at least equal to the highest of: (a) the highest price per share paid
    by the interested stockholder within the two 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, (b) the market value per share of Common Stock on
    the date of announcement of the combination and the date the interested stockholder acquired the shares, whichever is higher, or
    (c) for holders of preferred stock, the highest liquidation value of the preferred stock, if it is higher.

  

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

 

In general, an “interested stockholder”
is a person who, together with affiliates and associates, owns (or within two years, did own) 10% or more of a corporation’s voting
stock. The statute could prohibit or delay mergers or other takeover or change in control attempts and, accordingly, may discourage attempts
to acquire the Company even though such a transaction may offer the Company’s stockholders the opportunity to sell their stock at
a price above the prevailing market price.Document

Exhibit 4.2

DESCRIPTION OF THE REGISTRANT’S SECURITIES
REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934
The following summary of the capital stock of Hill International, Inc. (the “Company”) is not meant to be complete and is qualified by reference to the Company’s Amended and Restated Certificate of Incorporation, as amended, and Amended and Restated Bylaws, which are filed as exhibits to this Annual Report on Form 10-K and are incorporated herein by reference. The common stock of the company, par value $.00001 per share (the “Common Stock”), is the only security of the Company registered pursuant to Section 12 of the Securities Exchange Act, as amended.
Description of Common Stock
Our certificate of incorporation authorizes the issuance of 75,000,000 shares of Common Stock and 1,000,000 shares of preferred stock, par value $0.0001. As of March 8, 2022, there were 57,142,744 shares of Common Stock outstanding and no shares of preferred stock outstanding.
Common Stock
The holders of Common Stock are entitled to one vote for each share held of record on all matters to be voted on by stockholders. Our board of directors is divided into three classes, each of which will serve for a term of three years with only one class of directors being elected in each year. There is no cumulative voting with respect to the election of directors, with the result that the holders of more than 50% of the shares voted for the election of directors can elect all of the directors. Subject to the rights and preferences of any preferred stock which may be outstanding in the future, the holders of our Common Stock are entitled to equal dividends and distributions per share with respect to the Common Stock when and if declared by our board of directors from funds legally available therefor. In the event of our liquidation, dissolution or winding up, the holders of Common Stock are entitled to share ratably in all assets remaining after payment of liabilities, subject to the liquidation preferences of any preferred stock then outstanding. All shares of Common Stock now outstanding are fully paid, validly issued and non-assessable. Holders of our Common Stock do not have any conversion, preemptive or other subscription rights and there are no sinking fund or redemption provisions applicable to the Common Stock. 
Preferred Stock
Our certificate of incorporation authorizes the issuance of 1,000,000 shares of a “blank check” preferred stock with such designations, rights and preferences as may be determined from time to time by our board of directors. Accordingly, our board of directors is empowered, without stockholder approval, to issue preferred stock with dividend, liquidation, conversion, voting or other rights which could adversely affect the voting power or other rights of the holders of Common Stock. We may issue some or all of the preferred stock to effect a business combination or other acquisition transaction. In addition, the preferred stock could be utilized as a method of discouraging, delaying or preventing a change in control of the Company. The number of authorized shares of preferred stock may be increased or decreased (but not below the number of shares thereof then outstanding) by the affirmative vote of the holders of a majority of the voting power of all of the then outstanding shares of our capital stock entitled to vote generally in the election of directors, voting together as a single class, without a separate vote of the holders of the preferred stock, or any series thereof, unless a vote of any such holders is required pursuant to any preferred stock designation. There are no shares of preferred stock outstanding and we do not currently intend to issue any preferred stock. 
Anti-Takeover Provisions
Delaware Law 
We are subject to Section 203 of the Delaware General Corporation Law regulating corporate takeovers, which prohibits a Delaware corporation from engaging in any business combination with an “interested stockholder” during the three-year period after such stockholder becomes an “interested stockholder,” unless:
•Prior to such time the stockholder became an interested stockholder, the board of directors of the corporation approved either the business combination or the transaction which resulted in the stockholder becoming an interested stockholder;

•The interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding for purposes of determining the number of shares outstanding (a) shares owned by persons who are directors and also officers, and (b) shares owned by employee stock plans in which employee participants do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer; or
•On or subsequent to the date of the transaction, the business combination is approved by the board of directors and authorized at an annual or special meeting of stockholders, and not by written consent, by the affirmative vote of at least 66 2/3% of the outstanding voting stock which is not owned by the interested stockholder.

Except as otherwise specified in Section 203, an “interested stockholder” is defined to include:
•Any person that is the owner of 15% or more of the outstanding voting securities of the corporation, or is an affiliate or associate of the corporation and was the owner of 15% or more of the outstanding voting stock of the corporation at any time within three years immediately prior to the date of determination; and
•The affiliates and associates of any such person.

Certificate of Incorporation and Bylaws
Our amended and restated certificate of incorporation, or our certificate of incorporation, and amended and restated bylaws, or our bylaws, include provisions that:
•Our board of directors is expressly authorized to make, alter or repeal our bylaws;
•Our board of directors is divided into three classes of service with staggered three-year terms. This means that only one class of directors will be elected at each annual meeting of stockholders, with the other classes continuing for the remainder of their respective terms;
•Our board of directors is authorized to issue preferred stock without stockholder approval;
•Our bylaws require advance notice for stockholder proposals and director nominations;
•Our bylaws limit the removal of directors and the filling of director vacancies; and
•We will indemnify officers and directors against losses that may incur in connection with investigations and legal proceedings resulting from their services to us, which may include services in connection with takeover defense measures. 

These provisions may make it more difficult for stockholders to take specific corporate actions and could have the effect of delaying or preventing a change in control of our company.

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