Attached files
Exhibit 4.1
DESCRIPTION OF THE REGISTRANT’S SECURITIES
REGISTERED PURSUANT TO SECTION 12 OF THE
SECURITIES EXCHANGE ACT OF 1934
As of
March 30, 2020, SeD Intelligent Home Inc. has one class of
securities registered under Section 12 of the Securities Exchange
Act of 1934, as amended, our common stock.
Description
of our Common Stock
The
following description of our common stock is a summary and does not
purport to be complete. It is subject to and qualified in its
entirety by reference to our Articles of Incorporation and our
Bylaws, each of which are incorporated by reference as an exhibit
to the Annual Report on Form 10-K of which this Exhibit 4.1 is a
part. We encourage you to read our Articles of Incorporation, our
Bylaws and the applicable provisions of the Nevada Revised Statutes
for additional information.
Authorized
Capital Shares
SeD
Intelligent Home Inc. has authorized 1,000,000,000 shares of common
stock, $0.001 par value per share, of which 704,043,324 are issued
and outstanding.
Voting
Rights
Holders
of our common stock are entitled to one vote for each share held on
all matters submitted to a vote of our stockholders.
Dividend
Rights
Since
inception we have not paid any dividends on our common stock. We
currently do not anticipate paying any cash dividends in the
foreseeable future on our common stock. Although we intend to
retain our earnings, if any, to finance the growth of our business,
our board of directors will have the discretion to declare and pay
dividends in the future. Payment of dividends in the future will
depend upon our earnings, capital requirements, and other factors,
which our board of directors may deem relevant. Holders of our
common stock will have equal ratable rights to any dividends which
may be declared.
Liquidation
Rights
Holders
of our common stock will share ratably in all assets legally
available for distribution to our stockholders in the event of
liquidation, dissolution or winding up of our affairs.
Other
Rights and Preferences
Holders
of our common stock do not have preemptive, subscription or
conversion rights.
Listing
Our
common stock is not currently quoted, traded or listed on any
exchange.