Document:

Exhibit 4.1

 

DESCRIPTION OF THE REGISTRANT’S SECURITIES

 

As
of August 10, 2021, Joway Health Industries Group Inc. (the “Company”, “we”, “us” or “our”)
is a voluntary filer of reports under Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
Although we do not have a class of securities registered under Section 12 of the Exchange Act, the following is a summary of information
concerning our common stock, par value $0.001 per share (the “Common Stock”) and our preferred stock, par value $0.001 per
share (the “Preferred Stock”). This summary does not purport to be a complete statement of the relevant provisions of the
Common Stock and Preferred Stock and is qualified in its entirety by the provisions of our Articles of Incorporation, as amended (the
“Articles of Incorporation”), our Bylaws (“Bylaws”), and applicable provisions of the Nevada Revised Statutes
(the “NRS”).

 

Common Stock

 

As of August 10, 2021, our
authorized capital stock consists of 200,000,000 shares of Common Stock of which 20,054,000 shares were issued and outstanding, held by
approximately 430 shareholders of record.

 

The actual number of the Company’s
holders of Common Stock is greater than the number of stockholders of record and includes beneficial owners whose shares are held in street
name by brokers and other nominees. This number of holders of record also does not include stockholders whose shares may be held in trust
by other entities.

 

We have no outstanding securities
convertible or exercisable for our Common Stock. The authorized and unissued shares of Common Stock are available for issuance without
further action by our stockholders unless such action is required by applicable law. Unless approval of our stockholders is so required,
our board of directors will not seek stockholder approval for the issuance and sale of our Common stock.

 

The
holders of our Common Stock are entitled to one vote per share. Our Articles of Incorporation do not provide for cumulative voting. The
holders of our Common Stock are entitled to receive ratably such dividends, if any, as may be declared by our board of directors out of
legally available funds; however, the current policy of our board of directors is to retain earnings, if any, for operations and growth.
Upon liquidation, dissolution or winding-up, the holders of our Common Stock are entitled to share ratably in all assets that are legally
available for distribution. The holders of our Common Stock have no preemptive, subscription, redemption or conversion rights. All issued
and outstanding shares of Common Stock are fully paid and nonassessable.

 

Our Common Stock is currently quoted on the OTC
Markets Pink under the symbol “GTVI” The transfer agent and registrar for our common stock is VStock Transfer Corp. LLC, with
an address of 18 Lafayette Place, Woodmere, New York 11598 and its telephone number is (212) 828-8436.

 

Preferred Stock

 

As of August 10, 2021, our
authorized capital stock consists of 1,000,000 shares of Preferred Stock, none of which are issued and outstanding. The ability to authorize
undesignated preferred stock makes it possible for our board of directors to issue preferred stock with voting or other rights or preferences
that could impede the success of any attempt to change control of the company. These and other provisions may have the effect of deterring
hostile takeovers or delaying changes in control or management of the company.

 

     

     

    

 

Anti-Takeover Effects
of Certain Provisions of Nevada Law

 

As
a Nevada corporation, we are also subject to certain provisions of the NRS that have anti-takeover effects and may inhibit a non-negotiated
merger or other business combination. These provisions are intended to encourage any person interested in acquiring us to negotiate with,
and to obtain the approval of, our board of directors in connection with such a transaction. However, certain of these provisions may
discourage a future acquisition of us, including an acquisition in which the stockholders might otherwise receive a premium for their
shares. As a result, stockholders who might desire to participate in such a transaction may not have the opportunity to do so.

 

The
NRS provides that specified persons who, with or through their affiliates or associates, own, or affiliates and associates of the subject
corporation at any time within two years own or did own, 10% or more of the outstanding voting stock of a corporation cannot engage in
specified business combinations with the corporation for a period of two years after the date on which the person became an interested
stockholder, unless the combination meets all of the requirements of the articles of incorporation of the company, and: (i) the combination
or transaction by which such person first became an interested stockholder was approved by the board of directors before they first became
an interested stockholder; or (ii) such combination is approved by: (x) the board of directors; and (y) at an annual or special meeting
of the stockholders (not by written consent), the affirmative vote of stockholders representing at least 60% of the outstanding voting
power not beneficially owned by such interested stockholder. The law defines the term “business combination” to encompass
a wide variety of transactions with or caused by an interested stockholder, including mergers, asset sales and other transactions in which
the interested stockholder receives or could receive a benefit on other than a pro rata basis with other stockholders.

 

The
Control Share Acquisition Statute generally applies only to Nevada corporations with at least 200 stockholders of record, including at
least 100 stockholders of record who are Nevada residents, and which conduct business directly or indirectly in Nevada. This statute generally
provides that any person that acquires a “controlling interest” acquires voting rights in the control shares, as defined,
only as conferred by the disinterested stockholders of the corporation at a special or annual meeting. A person acquires a “controlling
interest” whenever a person acquires shares of a subject corporation that, but for the application of these provisions of the NRS,
would enable that person to exercise (1) one-fifth or more, but less than one-third, (2) one-third or more, but less than a majority or
(3) a majority or more, of all of the voting power of the corporation in the election of directors. Once an acquirer crosses one of these
thresholds, shares which it acquired in the transaction taking it over the threshold and within the 90 days immediately preceding the
date when the acquiring person acquired or offered to acquire a controlling interest become “control shares.” In the event
control shares are accorded full voting rights and the acquiring person has acquired at least a majority of all of the voting power, any
stockholder of record who has not voted in favor of authorizing voting rights for the control shares is entitled to demand payment for
the fair value of its shares.

 

These
laws may have a chilling effect on certain transactions if our Articles of Incorporation or Bylaws are not amended to provide that these
provisions do not apply to us or to an acquisition of a controlling interest, or if our disinterested stockholders do not confer voting
rights in the control shares.romeo-executedofferlette

9 ROMEOPOWER 4380 Ayers Ave, Vernon, CA 90058  +1 888.331.7917  JUN 13, 2021 Kerry A. Shiba  Dear Kerry,  Romeo Power, Inc., a Delaware corporation (the "Company"), is pleased to offer you  ("Employee") employment with the Company on the terms described below.  1. Position. You will start in a full-time position as Chief Financial Officer, and you will report to the Company's Chief Executive Officer. By signing this letter, you confirm with the  Company that you are under no contractual or other legal obligations that would prohibit you  from performing your duties with the Company.  2. Base Salary. You will be paid a starting salary at the rate of $400,000.00 per year, which will be paid in accordance with the Company's standard payroll policies and subject to  applicable withholdings and other required deductions.  3. Signing Bonus. The Company will pay you a cash signing bonus of $100,000.00, net of all necessary withholdings and required deductions, within thirty (30) days of employment.  4. Restricted Stock Units. Subject only to formal Board of Director approval, you will receive a one-time grant of restricted stock units ("RSUs") of the Company's stock equal to  approximately $300,000 based on the grant date value of the award. Such RS Us will be subject to  a three-year ratable vesting schedule, with one third vesting on the first anniversary of the grant  date and the remainder vesting ratably each quarter of the last two years.  5. Short Term Incentive. If the Company succeeds in meeting its annual financial objectives and you succeed in meeting your individual annual objectives, you will be entitled to  receive an annual bonus equal to sixty percent (60%) of your base salary, net of all necessary  withholdings and required deductions, subject to your remaining employed through the bonus  payment date. Such annual bonus would not be prorated for the partial year of employment in  2021.  6. Long Term Incentive. Subject only to formal approval of the Compensation Committee of the Company's Board of Directors (the "Compensation Committee"), you will  receive an annual grant of the Company's stock equal to approximately $750,000. For 2021 only,  your long term incentive grant will be doubled such that you will receive a grant equal to  approximately $1,500,000. Seventy-five percent (75%) of the annual stock award will be in the  Romeo Power, Inc. I 4380 Ayers Avenue Vernon, CA 90058 info@romeopower.com romeopower.commatthewsantofferletter-m

DocuSign Envelope ID: DF3862EC-CE4D-4063-BA82-3D97CB4BE242  8 ROMEOPOWER 4380 Ayers Ave, Vernon, CA 90058  +1888.331.7917 JUN 10, 2021 Matthew Sant  Dear Matt,  Romeo Power, Inc., a Delaware corporation (the "Company"), is pleased to offer you  ("Employee") employment with the Company on the terms described below.  1. Position. You will start in a full-time position as General Counsel, and you will report to the Company's Chief Executive Officer. By signing this letter, you confirm with the  Company that you are under no contractual or other legal obligations that would prohibit you  from performing your duties with the Company.  2. Base Salary. You will be paid a starting salary at the rate of $360,000.00 per year, which will be paid in accordance with the Company's standard payroll policies and subject to  applicable withholdings and other required deductions.  3. Signing Bonus. The Company will pay you a cash signing bonus of $100,000.00, net of all necessary withholdings and required deductions, within thirty (30) days of employment.  4. Restricted Stock Units. Subject only to formal Board of Director approval, you will receive a one-time grant ofrestricted stock units ("RSUs") of the Company's stock equal to  approximately $600,000 based on the grant date value of the award. Such RSUs will be subject to  a two-year ratable vesting schedule, with one half vesting on the first anniversary of the grant  date.  5. Short Term Incentive. If the Company succeeds in meeting its annual financial objectives and you succeed in meeting your individual annual objectives, you will be entitled to  receive an annual bonus equal to sixty percent (60%) of your base salary, net of all necessary  withholdings and required deductions, subject to your remaining employed through the bonus  payment date.  6. Long Term Incentive. Subject only to formal approval of the Compensation Committee of the Company's Board of Directors (the "Compensation Committee"), you will  receive an annual grant of the Company's stock equal to approximately $700,000. For 2021 only,  your long term incentive grant will be doubled such that you will receive a grant equal to  approximately $1,400,000. Seventy-five percent (75%) of the annual stock award will be in the  form of Performance Stock Units ("PSUs"), and twenty-five percent (25%) will be in the form of  RSUs. The PS Us shall vest over three years of cliff time vesting (i.e., at the end of the three-year  Romeo Power, Inc. 4380 Ayers Avenue Vernon, CA 90058 info@romeopower.com romeopower.com  

 

DocuSign Envelope ID: DF3862EC-CE4D-4063-BA82-3D97CB4BE242  performance cycle), subject to satisfaction of the performance criteria as well, which we  anticipate will be based on the greater of one-year financial performance or three-year share  price performance. All equity grants (including the RSUs described above) will be subject to the  terms and conditions set forth in the Company's 2020 Long Term Incentive Plan and the  associated grant documents and vesting requires your continued employment with the Company  through each applicable vesting date.  7. Employee Benefits. As an employee of the Company, you will be eligible to participate in the employee benefit plans and programs, if any, currently and hereafter  maintained by the Company and generally available to similarly situated employees of the  Company, subject in each case to the terms and conditions of the plan in question, including any  eligibility requirements set forth therein, and the determination of any person or committee  administering the plan. Notwithstanding the foregoing, the Company reserves the right to modify  job titles and salaries and to modify or terminate benefits from time to time as it deems  necessary or appropriate.  8. Confidential Information and Invention Assignment Agreement. Like all Company employees, you will be required, as a condition of your employment with the Company, to sign  the Company's enclosed standard Confidential Information and Invention Assignment  Agreement, which is included in this offer packet.  9. Employment Relationship. Employment with the Company is for no specific period oftime. Your employment with the Company will be "at will," meaning that either you or the  Company may terminate your employment at any time and for any reason, with or without cause  or notice. Any contrary representations which may have been made to you are superseded by  this offer. This is the full and complete agreement between you and the Company on this term.  Although your job duties, title, compensation and benefits, as well as the Company's personnel  policies and procedures, may change from time to time, the "at will" nature of your employment  may only be changed in an express written agreement signed by you and the Company's Chief  Executive Officer.  10. Outside Activities. While you render services to the Company, you agree that you will not engage in any other employment, consulting or other business activity without the  written consent of the Company. In addition, while you render services to the Company, you will  not assist any person or entity in competing with the Company, in preparing to compete with the  Company or in hiring any employees or consultants of the Company.  11. Taxes. Withholding and Required Deductions. All forms of compensation referred to in this letter are subject to all applicable taxes, withholding and any other deductions required  by applicable law or agreed to between you and the Company.  12. Miscellaneous. {a) Governing Law. The validity, interpretation, construction and  performance of this letter,andallactsand transactions pursuant hereto and the rights and  obligations of the parties hereto shall be governed, construed and interpreted in  accordance with the laws of state of California, without giving effect to principles of  conflicts oflaw.  Romeo Power, Inc. 4380 Ayers Avenue Vernon, CA 90058 info@romeopower.com romeopower.com

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