<SEC-DOCUMENT>0001193125-15-406376.txt : 20151217
<SEC-HEADER>0001193125-15-406376.hdr.sgml : 20151217
<ACCEPTANCE-DATETIME>20151217170830
ACCESSION NUMBER:		0001193125-15-406376
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20151211
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20151217
DATE AS OF CHANGE:		20151217

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ILLINOIS TOOL WORKS INC
		CENTRAL INDEX KEY:			0000049826
		STANDARD INDUSTRIAL CLASSIFICATION:	GENERAL INDUSTRIAL MACHINERY & EQUIPMENT [3560]
		IRS NUMBER:				361258310
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-04797
		FILM NUMBER:		151294402

	BUSINESS ADDRESS:	
		STREET 1:		155 HARLEM AVENUE
		CITY:			GLENVIEW
		STATE:			IL
		ZIP:			60025
		BUSINESS PHONE:		8477247500

	MAIL ADDRESS:	
		STREET 1:		155 HARLEM AVENUE
		CITY:			GLENVIEW
		STATE:			IL
		ZIP:			60025
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d107234d8k.htm
<DESCRIPTION>8-K
<TEXT>
<HTML><HEAD>
<TITLE>8-K</TITLE>
</HEAD>
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 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant
to Section&nbsp;13 or 15(d) </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of Earliest Event Reported): December&nbsp;11, 2015 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>ILLINOIS TOOL WORKS INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>1-4797</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>36-1258310</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File No.)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(I.R.S. Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
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<TD VALIGN="top" ALIGN="center"><B>155 Harlem Avenue, Glenview, IL</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>60025</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"><B>(Address of principal executive offices)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Zip Code)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code: 847-724-7500 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Not Applicable </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former
name or former address, if changed since last report.) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>(a) </B>At its December&nbsp;11, 2015 meeting, the Company&#146;s Board of Directors approved an amendment and restatement of the Company&#146;s By-Laws in
order to implement &#147;proxy access,&#148; which allows the Company&#146;s eligible stockholders to include their own director nominees in the Company&#146;s annual meeting proxy materials under the circumstances set forth in the By-Laws. New
Section&nbsp;12 was added to Article II of the By-Laws and provides that up to 20 stockholders owning at least 3% of the Company&#146;s outstanding common stock for at least three years may nominate up to the greater of 25% of the Board of Directors
or two directors, provided that the stockholder(s) and the nominee(s) satisfy the requirements specified in the By-Laws. The amended and restated By-Laws approved by the Board became effective immediately upon approval. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The amended and restated By-Laws also include updates to Section&nbsp;10(c) and Section&nbsp;11 of Article II to reflect the Company&#146;s implementation of
proxy access. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A copy of the Company&#146;s By-laws, as amended and restated and marked to show the changes from the By-Laws immediately prior to the
amendments, is included as Exhibit 3(b)(i) hereto. A clean copy of the Company&#146;s <FONT STYLE="white-space:nowrap">By-Laws,</FONT> as amended and restated, is included as Exhibit 3(b)(ii) hereto. The above description of the amendments to the
By-Laws is qualified in its entirety by reference to the text of the amended and restated <FONT STYLE="white-space:nowrap">By-Laws</FONT> filed as an exhibit to this Report. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;9.01 Financial Statements and Exhibits </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">Exhibits </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:51.70pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Exhibit&nbsp;Number</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:62.75pt; font-size:8pt; font-family:Times New Roman">Exhibit Description</P></TD></TR>


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<TD VALIGN="top">3(b)(i)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By-Laws of Illinois Tool Works Inc., as amended and restated as of December&nbsp;11, 2015 (Marked)</TD></TR>
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<TD VALIGN="top" NOWRAP>3(b)(ii)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By-Laws of Illinois Tool Works Inc., as amended and restated as of December&nbsp;11, 2015</TD></TR>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom">ILLINOIS TOOL WORKS INC.</TD></TR>


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<TD VALIGN="top">Dated: December&nbsp;17, 2015</TD>
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<TD VALIGN="top">By:</TD>
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<TD VALIGN="bottom">/s/ Michael M. Larsen</TD></TR>
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<TD VALIGN="bottom">Michael M. Larsen</TD></TR>
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<TD VALIGN="bottom">Senior Vice President and Chief Financial Officer</TD></TR>
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<DOCUMENT>
<TYPE>EX-3.B.I
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<FILENAME>d107234dex3bi.htm
<DESCRIPTION>EX-3.(B)(I)
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 3(b)(i) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BY-LAWS </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>OF </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ILLINOIS TOOL WORKS INC. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(amended and restated as of <U>December&nbsp;11, 2015)</U><STRIKE>August 8, 2014)</STRIKE><U>)</U><STRIKE></STRIKE> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE I </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Offices
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 1. <U>Registered Office</U></B>.<STRIKE> </STRIKE>The registered office shall be in the City of Wilmington, County of New
Castle, State of Delaware.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 2. <U>Other Offices</U></B>.<STRIKE> </STRIKE>The corporation may also have offices in
Glenview, Illinois, and offices at such other places as the board of directors or officers may from time to time determine.<B> </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE II </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Stockholders
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 1. <U>Annual Meeting</U></B>. <STRIKE></STRIKE>The annual meeting of the stockholders shall be in the month of April or
May of each year.<STRIKE> </STRIKE>The place, date and time of the meeting shall be fixed by the board of directors and stated in the notice of the meeting.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 2. <U>Special Meetings</U></B>.<STRIKE> </STRIKE>Special meetings of the stockholders may be called by the chairman, the chief
executive officer, the president or by a majority of the board of directors.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 3. <U>Place of Meeting</U></B>.<STRIKE>
</STRIKE>The board of directors may designate any place, either within or outside of Delaware, as the place of meeting for any meeting of the stockholders (annual or special) or may provide for a meeting by means of remote communication.
<STRIKE></STRIKE>In the absence of any such designation, the place of meeting shall be the principal place of business of the corporation.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 4. <U>Notice of Meetings</U></B>.<STRIKE> </STRIKE>Written or printed notice stating the place, if any, or the means of remote
communication, if any, day and hour of the meeting shall be delivered either personally or by mail, or, with the consent of the stockholder, by electronic transmission, by or at the direction of the chairman or persons calling the meeting to each
stockholder of </P>

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record entitled to vote at such meeting. <STRIKE></STRIKE>If mailed, such notice shall be deemed to be delivered when deposited in the United States mails in a sealed envelope addressed to the
stockholder at his address as it appears on the records of the corporation, with postage thereon prepaid. <STRIKE></STRIKE>If given by electronic transmission, such notice shall be deemed to be delivered on the day such notice is transmitted. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 5. <U>Voting of Shares by Certain Holders</U></B>.<STRIKE> </STRIKE>Shares of stock standing in the name of another corporation,
domestic or foreign, may be voted by such officer, agent or proxy as the by-laws of such corporation may prescribe, or, in the absence of such provision, as the board of directors of such corporation may determine.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Shares of stock standing in the name of a deceased person may be voted by his administrator or executor, either in person or by proxy.
<STRIKE></STRIKE>Persons holding stock in a fiduciary capacity shall be entitled to vote the shares so held.<STRIKE> </STRIKE>Persons whose stock is pledged shall be entitled to vote, unless in the transfer by the pledgor on the books of the
corporation he has expressly empowered the pledgee to vote thereon, in which case only the pledgee, or his proxy, may represent such stock and vote thereon. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Shares of stock standing in the name of a receiver may be voted by such receiver, and shares of stock held by or under the control of a
receiver may be voted by such receiver without the transfer thereof into his name if authority so to do be contained in an appropriate order of the court by which such receiver was appointed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 6. <U>Fixing of Record Date</U></B>.<STRIKE> </STRIKE>Unless any statute requires otherwise, for the purpose of determining
(a)&nbsp;stockholders entitled to notice of or to vote at any meeting of stockholders, or (b)&nbsp;stockholders entitled to receive payment of any dividend, or (c)&nbsp;stockholders, with respect to any lawful action, the board of directors may fix
in advance a date as the record date for any such determination of stockholders, such date in any case to be not more than sixty <U>(60)&nbsp;</U>days and, in case of a meeting of stockholders, not less than ten<U> (10)</U>&nbsp;days and, in the
case of a merger, consolidation, sale, lease or exchange of assets, not less than twenty <U>(20)&nbsp;</U>days.<STRIKE> </STRIKE>If no record date is fixed: (1)&nbsp;the record date for determining stockholders entitled to notice of or to vote at a
meeting of stockholders shall be at the close of business on the day next preceding the day on which notice is given, or, if notice is waived, at the close of business on the day next preceding the day on which the meeting is held; (2)&nbsp;the
record date for determining stockholders for any other purpose shall be at the close of business on the day on which the board of directors adopts the resolution relating thereto. <STRIKE></STRIKE>A determination of stockholders of record entitled
to notice of or to vote at a meeting of stockholders shall apply to any adjournment of the meeting; provided, however, that the board of directors may fix a new record date for the adjourned meeting.<B> </B></P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 7. <U>Quorum</U></B>.<STRIKE> </STRIKE>The holders of a majority of the stock issued
and outstanding and entitled to vote, present in person or represented by proxy, shall constitute a quorum at all meetings of the stockholders for the transaction of business except as otherwise provided by statute, by the Certificate of
Incorporation or by these by-laws. <STRIKE></STRIKE>If, however, such quorum shall not be present or represented at any meeting of the stockholders, the stockholders entitled to vote, present in person or represented by proxy, shall have power to
adjourn the meeting from time to time until a quorum shall be present or represented. <STRIKE></STRIKE>No notice other than an announcement at the meeting need be given unless the adjournment is for more than thirty days or a new record date is to
be fixed for the adjourned meeting. <STRIKE></STRIKE>At such adjourned meeting at which a quorum shall be present or represented, any business may be transacted which might have been transacted at the meeting as originally notified.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">When a quorum is present at any meeting, the vote of the holders of a majority of the stock having voting power present in person or
represented by proxy shall decide any question brought before such meeting, unless the question is one upon which by express provision of the statutes or of the Certificate of Incorporation or of these by-laws, a different vote is required in which
case such express provision shall govern and control the decision of such question. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 8. <U>Proxies</U></B>.<STRIKE> </STRIKE>At
all meetings of stockholders, a stockholder may vote by proxy executed in writing or via electronic transmission by the stockholder or by his duly authorized attorney-in-fact. <STRIKE></STRIKE>Such proxy shall be filed with the secretary of the
corporation before or at the time of the meeting. <STRIKE></STRIKE>Proxies shall be valid only with respect to the meeting or meetings and any adjournment thereof, for which they are given. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 9. <U>Voting</U></B>.<STRIKE> </STRIKE>Each stockholder shall have one vote in person or by proxy for each share of stock having
voting power registered in his name on the books of the corporation at the record date.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 10.&nbsp;<U>Notice of
Stockholder Business and Nominations for Directors</U></B>. <STRIKE></STRIKE><U></U><STRIKE></STRIKE> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;Annual
Meetings of Stockholders. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1)&nbsp;Nominations of persons for election to the board of directors of the corporation and
the proposal of business to be considered by the stockholders at an annual meeting of stockholders may be made (i)&nbsp;pursuant to the corporation&#146;s notice of meeting, (ii)&nbsp;by or at the direction of the board of directors, or
(iii)&nbsp;by any stockholder of the corporation who (x)&nbsp;is a stockholder of record at the time of giving notice provided for in this section 10 and at the time of the annual meeting of stockholders, (y)&nbsp;is entitled
</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">
to vote at the meeting, and (z)&nbsp;complies with the notice procedures as to such business or nomination set forth in this section 10. <STRIKE></STRIKE><U></U><STRIKE></STRIKE>Clause
(iii)&nbsp;of this paragraph shall be the exclusive means for a stockholder to make nominations or submit other business (other than matters properly brought under Rule 14a-8 under the Securities Exchange Act of 1934, as amended (the &#147;Exchange
Act&#148;) and included in the corporation&#146;s notice of meeting) before an annual meeting of stockholders. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2)&nbsp;For nominations or other business to be properly brought before an annual meeting by a stockholder pursuant to clause
(iii)&nbsp;of paragraph (a)(1) of this section 10, such other business must be a proper subject for stockholder action under Delaware corporation law, and the stockholder must have given timely notice of such nomination or other business in writing
to the secretary of the corporation. <STRIKE></STRIKE><U></U><STRIKE></STRIKE>To be timely, a stockholder&#146;s notice shall be delivered to the secretary at the principal executive offices of the corporation not earlier than the one hundred
twentieth (120th)&nbsp;day and not later than the ninetieth (90th)&nbsp;day prior to the first anniversary of the preceding year&#146;s annual meeting; provided, however, that in the event that the date of the annual meeting is more than thirty
(30)&nbsp;days before or more than sixty (60)&nbsp;days after such anniversary date, notice by the stockholder to be timely must be so delivered not earlier than the one hundred twentieth (120th)&nbsp;day prior to such annual meeting and not later
than the later of the ninetieth (90th)&nbsp;day prior to such annual meeting and the tenth (10th)&nbsp;day following the date on which public announcement of the date of such meeting is first made by the corporation.
<STRIKE></STRIKE><U></U><STRIKE></STRIKE>In no event shall the public announcement of an adjournment of an annual meeting commence a new time period for the giving of a stockholder&#146;s notice as described above. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">To be in proper form, a stockholder&#146;s notice to the secretary must set forth: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;the following as to the stockholder giving the notice and the beneficial owner, if any, on whose behalf the nomination
or business proposal is made: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;the name and address of such stockholder, as it appears on the corporation&#146;s
books, and of the beneficial owner, if any; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;the class and number of shares of capital stock of the corporation
that are owned beneficially and of record by such stockholder and beneficial owner, if any, as of the date of such notice (which information shall be supplemented by such stockholder and beneficial owner, if any, not later than ten (10)&nbsp;days
after the record date for the meeting to disclose such ownership as of the record date); </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-4- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) a description of any agreement, arrangement or understanding (including any
derivative or short positions, profit interests, options, hedging transactions, and borrowed or loaned shares) that has been entered into as of the date of such notice by, or on behalf of, the stockholder or beneficial owner, if any, or any of their
affiliates or associates, the effect or intent of which is to mitigate loss to, manage risk or benefit of share price changes for, or increase or decrease the voting power of the stockholder or beneficial owner, if any, or any of their affiliates or
associates with respect to shares of stock of the corporation, and a representation that the stockholder or beneficial owner, if any, will notify the corporation in writing of any such agreement, arrangement or understanding in effect as of the
record date for the meeting promptly following the later of the record date or the date notice of the record date is first publicly disclosed; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;any other information relating to such stockholder and beneficial owner, if any, that would be required to be
disclosed in a proxy statement or other filings required to be made in connection with solicitations of proxies for, as applicable, the proposal and/or for the election of directors in a contested election pursuant to Section&nbsp;14 of the Exchange
Act and the rules and regulations promulgated thereunder; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii)&nbsp;the following if the notice relates to any business
other than the nomination of a director that the stockholder proposes to bring before the meeting: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;a brief
description of the business desired to be brought before the meeting, the reasons for conducting such business at the meeting, and any material interest of such stockholder or beneficial owner, if any, in such business; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) a description of all agreements, arrangements and understandings between such stockholder and beneficial owner, if any, and
any other person or persons (including their names) in connection with the proposal of such business by such stockholder; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii)&nbsp;the following as to each person whom the stockholder and beneficial owner, if any, proposes to nominate for election
or re-election as a director: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) the name, age, and business and residential addresses of such person; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-5- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) the principal occupation or employment of such person; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) the number of shares of capital stock of the corporation beneficially owned by such person; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) a statement that such person is willing to be named in the proxy statement as a nominee and to serve as a director if
elected; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) a statement as to whether such person, if elected, intends to comply with the procedures established by the
Corporate Governance and Nominating Committee regarding the tender of resignations to the board of directors to address majority voting; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f) such other information regarding such person that would be required to be included under the proxy solicitation rules of
the U.S. Securities and Exchange Commission had the board of directors nominated such nominee; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(g) an undertaking to
provide such other information as the corporation may reasonably require to determine the eligibility of such person to serve as an independent director of the corporation or that could be material to a reasonable stockholder&#146;s understanding of
the independence, or lack thereof, of such person. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;Special Meetings of Stockholders.<STRIKE></STRIKE><U>
</U><STRIKE></STRIKE>Only such business shall be conducted at a special meeting of stockholders as shall have been brought before the meeting of stockholders pursuant to the corporation&#146;s notice of meeting.
<STRIKE></STRIKE><U></U><STRIKE></STRIKE>Nominations of persons for election to the board of directors may be made at a special meeting of stockholders only if directors are to be elected at such meeting pursuant to the corporation&#146;s notice of
meeting. <STRIKE></STRIKE><U></U><STRIKE></STRIKE>To be properly brought before a special meeting, nominations of persons for election to the board of directors must be (a)&nbsp;made by or at the direction of the board of directors or
(b)&nbsp;provided that the board of directors has determined that directors shall be elected at such meeting, made by any stockholder of the corporation who (x)&nbsp;is a stockholder of record at the time of giving of notice provided for in this
section 10 and at the time of the special meeting, (y)&nbsp;is entitled to vote at the meeting, and (z)&nbsp;complies with the notice procedures set forth in this section 10. <STRIKE></STRIKE><U></U><STRIKE></STRIKE>Clause (b)&nbsp;of this paragraph
shall be the exclusive means for a stockholder to make nominations for director before a special meeting of stockholders. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For nominations to be properly brought before a special meeting by a stockholder pursuant to
clause (b)&nbsp;of the preceding paragraph, the stockholder must have given timely notice of the nomination to the secretary of the corporation in the form required by paragraph (a)(2) of this section 10. <STRIKE></STRIKE><U></U><STRIKE></STRIKE>To
be timely, a stockholder&#146;s notice shall be delivered to the secretary at the principal executive offices of the corporation not earlier than the one hundred twentieth (120th)&nbsp;day prior to such special meeting and not later than the later
of the ninetieth (90th)&nbsp;day prior to such special meeting and the tenth (10th)&nbsp;day following the day on which public announcement is first made of the date of the special meeting and of the nominees proposed by the board of directors to be
elected at such meeting. <STRIKE></STRIKE><U></U><STRIKE></STRIKE>In no event shall the public announcement of an adjournment of a special meeting commence a new time period for the giving of a stockholder&#146;s notice as described above. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;General. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1)&nbsp;Only such persons who are nominated in accordance with the procedures set forth in this section 10 shall be eligible
to be elected as directors at a meeting of stockholders, and only such business shall be conducted at a meeting of stockholders as shall have been brought before the meeting in accordance with the procedures set forth in this section 10.
<STRIKE></STRIKE><U></U><STRIKE></STRIKE>Except as otherwise provided by law, the Certificate of Incorporation or these by-laws, the chairman of the meeting shall have the power and duty to determine whether a nomination or any business proposed to
be brought before the meeting was made or proposed, as the case may be, in accordance with the procedures set forth in this section 10 and, if any proposed nomination or business is not in compliance with this section 10, to declare that such
<U></U><STRIKE>proposal</STRIKE><U>proposed nomination or business</U> shall be disregarded.<STRIKE></STRIKE><U> </U><STRIKE></STRIKE>Nothing in this section 10 shall preclude the board of directors or the Corporate Governance and Nominating
Committee either from making nominations for the election of directors or from excluding the person nominated by a stockholder from the slate of directors presented to the meeting. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2)&nbsp;For purposes of this section 10, &#147;public announcement&#148; shall mean disclosure in a press release reported by
the PR Newswire or comparable national news service or in a document publicly filed by the corporation with the U.S. Securities and Exchange Commission pursuant to Section&nbsp;13, 14 or 15(d) of the Exchange Act and the rules and regulations
promulgated thereunder. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(3)&nbsp;Nothing in this section 10 shall be deemed to affect any rights of (i)&nbsp;stockholders
to request inclusion of proposals in the corporation&#146;s proxy statement pursuant to Rule 14a-8 under the Exchange Act or (ii)&nbsp;the holders of any series of preferred stock if and to the extent provided for under law, the Certificate of
Incorporation or these by-laws. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 11. <U>Election of Directors</U></B>.<STRIKE> </STRIKE>Except as provided in article
III, section 8 of these by-laws, each director shall be elected by the vote of the majority of the votes cast with respect to the director at any meeting for the election of directors at which a quorum is present; provided, however, that directors
shall be elected by a plurality of the votes cast at any meeting of stockholders for which (i)&nbsp;the secretary of the corporation receives a notice that a stockholder has nominated a person for election to the board of directors in compliance
with the <STRIKE>advance notice </STRIKE>requirements <STRIKE>for stockholder nominees for director </STRIKE>set forth in article II, section 10<U> or article II, section 12, as applicable,</U> of these by-laws and (ii)&nbsp;such nomination has not
been withdrawn by such stockholder as of a date that is ten <U>(10)&nbsp;</U>days in advance of the date the corporation files its definitive proxy statement with the U.S. Securities and Exchange Commission (regardless of whether or not thereafter
revised or supplemented). <STRIKE></STRIKE>For purposes of this section, a majority of the votes cast means that the number of shares voted &#147;for&#148; a director must exceed the number of shares voted &#147;against&#148; that director.
<STRIKE></STRIKE>The Corporate Governance and Nominating Committee has established procedures regarding the tender of resignations to the board of directors to address majority voting. <STRIKE></STRIKE> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U><B>SECTION 12.&nbsp;Inclusion of Stockholder Director Nominations in the Corporation&#146;s Proxy Materials</B>. </U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><U>(a) Subject to the terms and conditions set forth in these by-laws, the corporation shall include in its proxy materials for an annual
meeting of stockholders the name, together with the Required Information (as defined below), of any person nominated for election (the &#147;Stockholder Nominee&#148;) to the board of directors by a stockholder or group of stockholders that
satisfies the requirements of this section 12, including qualifying as an Eligible Stockholder (as defined below), and that expressly elects at the time of providing the written notice required by this section 12 (a &#147;Proxy Access Notice&#148;)
to have its nominee included in the corporation&#146;s proxy materials pursuant to this section 12. For the purposes of this section 12:</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(1) &#147;Voting Stock&#148; shall mean outstanding shares of capital stock of the corporation entitled to vote generally
for the election of directors; </U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(2) &#147;Constituent Holder&#148; shall mean any stockholder, collective
investment fund included within a Qualifying Fund (as defined below) or beneficial holder whose stock ownership is counted for the purposes of qualifying as holding the Proxy Access Request Required Shares (as defined below) or qualifying as an
Eligible Stockholder (as defined below);</U> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-8- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(3) &#147;affiliate&#148; and &#147;associate&#148; shall have the meanings
ascribed thereto in Rule&nbsp;405 under the Exchange Act; provided, however, that the term &#147;partner&#148; as used in the definition of &#147;associate&#148; shall not include any limited partner that is not involved in the management of the
relevant partnership; and</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(4) a stockholder (including any Constituent Holder) shall be deemed to &#147;own&#148;
only those outstanding shares of Voting Stock as to which the stockholder itself (or such Constituent Holder itself) possesses both (a)&nbsp;the full voting and investment rights pertaining to the shares and (b)&nbsp;the full economic interest in
(including the opportunity for profit and risk of loss on) such shares. The number of shares calculated in accordance with the foregoing clauses (a)&nbsp;and (b)&nbsp;shall be deemed not to include (and to the extent any of the following
arrangements have been entered into by affiliates of the stockholder (or of any Constituent Holder), shall be reduced by) any shares (x)&nbsp;sold by such stockholder or Constituent Holder (or any of either&#146;s affiliates) in any transaction that
has not been settled or closed, including any short sale, (y)&nbsp;borrowed by such stockholder or Constituent Holder (or any of either&#146;s affiliates) for any purposes or purchased by such stockholder or Constituent Holder (or any of
either&#146;s affiliates) pursuant to an agreement to resell or (z)&nbsp;subject to any option, warrant, forward contract, swap, contract of sale, other derivative or similar agreement entered into by such stockholder or Constituent Holder (or any
of either&#146;s affiliates), whether any such instrument or agreement is to be settled with shares or with cash based on the notional amount or value of Voting Stock, in any such case which instrument or agreement has, or is intended to have, or if
exercised by either party thereto would have, the purpose or effect of (i)&nbsp;reducing in any manner, to any extent or at any time in the future, such stockholder&#146;s or Constituent Holder&#146;s (or any of either&#146;s affiliate&#146;s) full
right to vote or direct the voting of any such shares, and/or (ii)&nbsp;hedging, offsetting or altering to any degree gain or loss arising from the full economic ownership of such shares by such stockholder or Constituent Holder (or any of
either&#146;s affiliates), other than any such arrangements solely involving an exchange listed multi-industry market index fund in which Voting Stock represents at the time of entry into such arrangement less than 10% of the proportionate value of
such index. A stockholder (including any Constituent Holder) shall &#147;own&#148; shares held in the name of a nominee or other intermediary so long as the stockholder itself (or such Constituent Holder itself) retains the right to instruct how the
shares are voted with respect to the election of directors and the right to direct the disposition thereof and possesses the full economic interest in the shares. A stockholder&#146;s (including any Constituent Holder&#146;s) ownership of shares
shall be deemed to continue during any period in which such person has loaned such shares or delegated any voting power over such shares by means of a proxy, power of attorney or other instrument or arrangement that in all such cases is revocable at
any time by the stockholder. The terms &#147;owned,&#148; &#147;owning&#148; and other variations of the word &#147;own&#148; shall have correlative meanings.</U> </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><U>(b) For purposes of this section 12, the &#147;Required Information&#148; that the corporation
will include in its proxy statement is (1)&nbsp;the information concerning the Stockholder Nominee and the Eligible Stockholder that the corporation determines is required to be disclosed in the corporation&#146;s proxy statement by the regulations
promulgated under the Exchange Act; and (2)&nbsp;if the Eligible Stockholder so elects, a Statement (as defined below). The corporation shall also include the name of the Stockholder Nominee in its proxy card. For the avoidance of doubt, and any
other provision of these by-laws notwithstanding, the corporation may in its sole discretion solicit against, and include in the proxy statement its own statements or other information relating to, any Eligible Stockholder and/or Stockholder
Nominee, including any information provided to the corporation with respect to the foregoing.</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><U>(c) To be timely, a
stockholder&#146;s Proxy Access Notice must be delivered to the principal executive offices of the corporation within the time periods applicable to stockholder notices of nominations pursuant to article II, section 10(a)(2) of these by-laws. In no
event shall any adjournment or postponement of an annual meeting, the date of which has been announced by the corporation, commence a new time period for the giving of a Proxy Access Notice.</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><U>(d) The number of Stockholder Nominees (including Stockholder Nominees that were submitted by an Eligible Stockholder for inclusion in the
corporation&#146;s proxy materials pursuant to this section 12 but either are subsequently withdrawn or that the board of directors decides to nominate as board of directors&#146; nominees) appearing in the corporation&#146;s proxy materials with
respect to an annual meeting of stockholders shall not exceed the greater of (x)&nbsp;two (2)&nbsp;and (y)&nbsp;the largest whole number that does not exceed 25% of the number of directors in office as of the last day on which a Proxy Access Notice
may be delivered in accordance with the procedures set forth in this section 12 (such greater number, the &#147;Permitted Number&#148;); provided, however, that the Permitted Number shall be reduced by:</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(1) the number of such director candidates for which the corporation shall have received one or more valid stockholder
notices nominating director candidates pursuant to article II, section 10 of these by-laws; </U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(2) the number of
directors in office or director candidates that in either case will be included in the corporation&#146;s proxy materials with respect to such annual meeting as an unopposed (by the corporation) nominee pursuant to any agreement, arrangement or
other understanding with any stockholder or group of stockholders (other than any such agreement, arrangement or understanding entered into in connection with an acquisition of </U> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-10- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">
<U>Voting Stock, by such stockholder or group of stockholders, from the corporation), other than any such director referred to in this clause (2)&nbsp;who at the time of such annual meeting will
have served as a director continuously, as a nominee of the board of directors, for at least two (2)&nbsp;annual terms, but only to the extent the Permitted Number after such reduction with respect to this clause (2)&nbsp;equals or exceeds one (1);
and </U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(3) the number of directors in office that will be included in the corporation&#146;s proxy materials with
respect to such annual meeting for whom access to the corporation&#146;s proxy materials was previously provided pursuant to this section 12, other than any such director referred to in this clause (3)&nbsp;who at the time of such annual meeting
will have served as a director continuously, as a nominee of the board of directors, for at least two (2)&nbsp;annual terms; </U> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>provided, further,
in the event that, as a result of one or more vacancies, the board of directors resolves to reduce the size of the board effective on or prior to the date of the annual meeting, the Permitted Number shall be calculated based on the number of
directors in office as so reduced. In the event that the number of Stockholder Nominees submitted by Eligible Stockholders pursuant to this section 12 exceeds the Permitted Number, each Eligible Stockholder will select one Stockholder Nominee for
inclusion in the corporation&#146;s proxy materials until the Permitted Number is reached, going in order of the amount (largest to smallest) of shares of Voting Stock each Eligible Stockholder disclosed as owned in its Proxy Access Notice submitted
to the corporation. If the Permitted Number is not reached after each Eligible Stockholder has selected one Stockholder Nominee, this selection process will continue as many times as necessary, following the same order each time, until the Permitted
Number is reached. </U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><U>(e) An &#147;Eligible Stockholder&#148; is one or more stockholders of record who own and have owned, or are
acting on behalf of one or more beneficial owners who own and have owned (in each case as defined above), in each case continuously for at least three (3)&nbsp;years as of both the date that the Proxy Access Notice is received by the corporation
pursuant to this section 12, and as of the record date for determining stockholders eligible to vote at the annual meeting, at least three percent (3%)&nbsp;of the aggregate voting power of the Voting Stock (the &#147;Proxy Access Request Required
Shares&#148;), and who continue to own the Proxy Access Request Required Shares at all times between the date such Proxy Access Notice is received by the corporation and the date of the applicable annual meeting, provided that the aggregate number
of stockholders, and, if and to the extent that a stockholder is acting on behalf of one or more beneficial owners, of such beneficial owners, whose stock ownership is counted for the purpose of satisfying the foregoing ownership requirement shall
not exceed twenty (20). Two or more collective investment funds that are part of the same family of funds or sponsored by the same employer (a &#147;Qualifying Fund&#148;) shall be treated as one stockholder for the purpose of determining the </U>
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-11- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
<U>aggregate number of stockholders in this paragraph (e), provided that each fund included within a Qualifying Fund otherwise meets the requirements set forth in this section 12. No shares may
be attributed to more than one group constituting an Eligible Stockholder under this section 12 (and, for the avoidance of doubt, no stockholder may be a member of more than one group constituting an Eligible Stockholder). A record holder acting on
behalf of one or more beneficial owners will not be counted separately as a stockholder with respect to the shares owned by beneficial owners on whose behalf such record holder has been directed in writing to act, but each such beneficial owner will
be counted separately, subject to the other provisions of this paragraph (e), for purposes of determining the number of stockholders whose holdings may be considered as part of an Eligible Stockholder&#146;s holdings. For the avoidance of doubt,
Proxy Access Request Required Shares will qualify as such if and only if the beneficial owner of such shares as of the date of the Proxy Access Notice has itself individually beneficially owned such shares continuously for the three (3)-year period
ending on the dates referred to above and through the date of the applicable annual meeting (in addition to the other applicable requirements being met).</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><U>(f) No later than the final date when a nomination pursuant to this section 12 may be delivered to the corporation, an Eligible Stockholder
(including each Constituent Holder) must provide the following information in writing to the Secretary of the corporation: </U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(1) with respect to each Constituent Holder, the information required by article II, section 10(a)(2)(i) of these by-laws;
</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(2) one or more written statements from the record holder of the shares (and from each intermediary through which
the shares are or have been held during the requisite three (3)-year holding period) verifying that, as of a date within seven (7)&nbsp;calendar days prior to the date the Proxy Access Notice is delivered to the corporation, such person owns, and
has owned continuously for the preceding three (3)&nbsp;years, the Proxy Access Request Required Shares, and such person&#146;s agreement to provide: </U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) within ten (10)&nbsp;days after the record date for the annual meeting, written statements from the record holder and
intermediaries verifying such person&#146;s continuous ownership of the Proxy Access Request Required Shares through the record date, together with any additional information reasonably requested to verify such person&#146;s ownership of the Proxy
Access Request Required Shares; and </U> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-12- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b) immediate notice if the Eligible Stockholder ceases to own any of the
Proxy Access Request Required Shares prior to the date of the applicable annual meeting of stockholders; </U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(3) a
description of all direct and indirect compensation and other material monetary agreements, arrangements and understandings during the preceding three (3)&nbsp;years, and any other material relationships, between or among the Eligible Stockholder
(including any Constituent Holder) and its or their respective affiliates and associates, or others acting in concert therewith, on the one hand, and each of such Eligible Stockholder&#146;s Stockholder Nominee(s), and his or her respective
affiliates and associates, or others acting in concert therewith, on the other hand, including but not limited to all information that would be required to be disclosed pursuant to Rule 404 promulgated under Regulation S-K if the Eligible
Stockholder (including any Constituent Holder), or any affiliate or associate thereof or person acting in concert therewith, were the &#147;registrant&#148; for purposes of such rule and the Stockholder Nominee were a director or executive officer
of such registrant; </U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(4) a representation that such person: </U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) acquired the Proxy Access Request Required Shares in the ordinary course of business and not with the intent to change
or influence control of the corporation, and does not presently have such intent; </U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b) has not nominated and will
not nominate for election to the board of directors at the annual meeting any person other than the Stockholder Nominee(s) being nominated pursuant to this section 12; </U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(c) has not engaged and will not engage in, and has not and will not be a &#147;participant&#148; in another person&#146;s,
&#147;solicitation&#148; within the meaning of Rule 14a-1(l) under the Exchange Act in support of the election of any individual as a director at the annual meeting other than its Stockholder Nominee(s) or a nominee of the board of directors; </U>
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(d) will not distribute to any stockholder any form of proxy for the annual meeting other than the form distributed by
the corporation; and </U> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-13- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(e) will provide facts, statements and other information in all communications
with the corporation and its stockholders that are and will be true and correct in all material respects and do not and will not omit to state a material </U><U>fact necessary in order to make the statements made, in light of the circumstances under
which they were made, not misleading, and will otherwise comply with all applicable laws, rules and regulations in connection with any actions taken pursuant to this section 12; </U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(5) in the case of a nomination by a group of stockholders that together constitutes an Eligible Stockholder, the
designation by all group members of one group member that is authorized to act on behalf of all members of the nominating stockholder group with respect to the nomination and matters related thereto, including withdrawal of the nomination; and </U>
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(6) an undertaking that such person agrees to: </U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) assume all liability stemming from, and indemnify and hold harmless the corporation and each of its directors, officers
and employees individually against any liability, loss or damages in connection with any threatened or pending action, suit or proceeding, whether legal, administrative or investigative, against the corporation or any of its directors, officers or
employees arising out of any legal or regulatory violation arising out of the Eligible Stockholder&#146;s communications with the stockholders of the corporation or out of the information that the Eligible Stockholder provided to the corporation;
and </U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b) file with the U.S. Securities and Exchange Commission any solicitation by the Eligible Stockholder of
stockholders of the corporation relating to the annual meeting at which the Stockholder Nominee will be nominated. </U> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>In addition,
no later than the final date on which a Proxy Access Notice may be submitted under this section 12, a Qualifying Fund whose stock ownership is counted for purposes of qualifying as an Eligible Stockholder must provide to the Secretary of the
corporation documentation reasonably satisfactory to the board of directors that demonstrates that the funds included within the Qualifying Fund are either part of the same family of funds or sponsored by the same employer. </U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>In order to be considered timely, any information required by this section 12 to be provided to the corporation must be supplemented (by
delivery to the Secretary of the corporation) (1)&nbsp;no later than ten (10)&nbsp;days following the record date for the applicable annual meeting, to disclose the foregoing information as of such record date, and (2)&nbsp;no later than the fifth
day before the annual meeting, to disclose the foregoing information as of the date that is no earlier than ten (10)&nbsp;days prior to such annual meeting. For the avoidance of doubt, the </U> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-14- </P>


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<U>requirement to update and supplement such information shall not permit any Eligible Stockholder or other person to change or add any proposed Stockholder Nominee or be deemed to cure any
defects or limit the remedies (including without limitation under these by-laws) available to the corporation relating to any defect.</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><U>(g) The Eligible Stockholder may provide to the Secretary of the corporation, at the time the information required by this section 12 is
originally provided, a written statement for inclusion in the corporation&#146;s proxy statement for the annual meeting, not to exceed five hundred (500)&nbsp;words, in support of the candidacy of such Eligible Stockholder&#146;s Stockholder Nominee
(the &#147;Statement&#148;). Notwithstanding anything to the contrary contained in this section 12, the corporation may omit from its proxy materials any information or Statement that it, in good faith, believes: (i)&nbsp;is materially false or
misleading or omits to state any material fact, (ii)&nbsp;would violate any applicable law, regulation or listing standard, or (iii)&nbsp;directly or indirectly impugns the character, integrity or personal reputation of, or directly or indirectly
makes charges concerning improper, illegal or immoral conduct or associations, without factual foundation, with respect to any person.</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><U>(h) No later than the final date when a nomination pursuant to this section 12 may be delivered to the corporation, each Stockholder Nominee
must: </U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(1) provide an executed agreement, in a form deemed satisfactory by the board of directors or its designee
(which form shall be provided by the corporation reasonably promptly upon written request of a stockholder), that such Stockholder Nominee: </U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) consents to being named in the corporation&#146;s proxy statement and form of proxy card (and will not agree to be named
in any other person&#146;s proxy statement or form of proxy card) as a nominee and to serving as a director of the corporation if elected; </U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b) agrees, if elected, to adhere to the corporation&#146;s Corporate Governance Guidelines and Principles of Conduct and
any other publicly available corporation policies and guidelines applicable to directors; and </U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(c) is not and will
not become a party to any compensatory, payment or other financial agreement, arrangement or understanding with any person or entity in connection with his or her nomination, service or action as a director of the corporation, or any agreement,
arrangement or understanding with any person or entity as to how the Stockholder Nominee would vote or act on any issue or question as a director, in each case that has not been disclosed to the corporation; </U> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-15- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(2) complete, sign and submit all questionnaires, representations and
agreements required by these by-laws and of the corporation&#146;s directors generally, including providing the information required by article II, section 10(a)(2)(iii) of these by-laws; and </U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(3) provide such additional information as necessary to permit the board of directors to determine if such Stockholder
Nominee: </U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) is independent under the listing standards of each principal U.S. exchange upon which the common
stock of the corporation is listed, any applicable rules of the U.S. Securities and Exchange Commission and any publicly disclosed standards used by the board of directors in determining and disclosing the independence of the corporation&#146;s
directors; </U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b) has any direct or indirect relationship with the corporation other than those relationships that
have been deemed categorically immaterial pursuant to the corporation&#146;s Corporate Governance Guidelines; </U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(c)
would, by serving on the board of directors, violate or cause the corporation to be in violation of these by-laws, the corporation&#146;s Certificate of Incorporation, the rules and listing standards of the principal U.S. exchange upon which the
common stock of the corporation is then listed or any applicable law, rule or regulation; and </U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(d) has been, is or
would be subject to any event specified in Item&nbsp;401(f) of Regulation S-K (or successor rule) of the U.S. Securities and Exchange Commission. </U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>In the event that any information or communications provided by the Eligible Stockholder (or any Constituent Holder) or the Stockholder
Nominee to the corporation or its stockholders ceases to be true and correct in all material respects or omits a material fact necessary to make the statements made, in light of the circumstances under which they were made, not misleading, each
Eligible Stockholder or Stockholder Nominee, as the case may be, shall promptly notify the Secretary of the corporation of any defect in such previously provided information and of the information that is required to correct any such defect; it
being understood for the avoidance of doubt that providing any such notification shall not be deemed to cure any such defect or limit the remedies (including without limitation under these by-laws) available to the corporation relating to any such
defect. </U> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-16- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><U>(i) Any Stockholder Nominee who is included in the corporation&#146;s proxy statement for a
particular annual meeting of stockholders, but subsequently is determined not to satisfy the eligibility requirements of this section 12 or any other provision of the corporation&#146;s by-laws, Certificate of Incorporation or other applicable
regulation any time before the annual meeting of stockholders, will not be eligible for election at the relevant annual meeting of stockholders. </U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><U>(j) The corporation shall not be required to include, pursuant to this section 12, a Stockholder Nominee in its proxy materials for any
annual meeting of stockholders, or, if the proxy statement already has been filed, to allow the nomination of a Stockholder Nominee (notwithstanding that proxies in respect of such vote may have been received by the corporation): </U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(1) who is not independent under the listing standards of the principal U.S. exchange upon which the common stock of the
corporation is listed, any applicable rules of the U.S. Securities and Exchange Commission and any publicly disclosed standards used by the board of directors in determining and disclosing independence of the corporation&#146;s directors, in each
case as determined by the board of directors; </U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(2) whose service as a member of the board of directors would
violate or cause the corporation to be in violation of these by-laws, the Certificate of Incorporation, the rules and listing standards of the principal U.S. exchange upon which the common stock of the corporation is traded, or any applicable law,
rule or regulation; </U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(3) who is or has been, within the past three (3)&nbsp;years, an officer or director of a
competitor, as defined in Section&nbsp;8 of the Clayton Antitrust Act of 1914; </U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(4) if the Eligible Stockholder (or
any Constituent Holder) or applicable Stockholder Nominee otherwise breaches or fails to comply in any material respect with its obligations pursuant to this section 12 or any agreement, representation or undertaking required by this section 12;
or</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(5) if the Eligible Stockholder ceases to be an Eligible Stockholder for any reason, including but not limited
to not owning the Proxy Access Request Required Shares through the date of the applicable annual meeting. </U> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-17- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><U>(k) For the purposes of the foregoing paragraph (j), clauses (1), (2)&nbsp;and (3)&nbsp;and,
to the extent related to a breach or failure by the Stockholder Nominee, clause (4), will result in the exclusion from the proxy materials pursuant to this section 12 of the specific Stockholder Nominee to whom the ineligibility applies, or, if the
proxy statement already has been filed, the ineligibility of such Stockholder Nominee to be nominated; provided, however, that clause (5)&nbsp;and, to the extent related to a breach or failure by an Eligible Stockholder (or any Constituent Holder),
clause (4), will result in the Voting Stock owned by such Eligible Stockholder (or Constituent Holder) being excluded from the Proxy Access Request Required Shares (and, if as a result the Proxy Access Notice shall no longer have been filed by an
Eligible Stockholder, the exclusion from the proxy materials pursuant to this section 12 of all of the applicable stockholder&#146;s Stockholder Nominees from the applicable annual meeting of stockholders or, if the proxy statement has already been
filed, the ineligibility of all of such stockholder&#146;s Stockholder Nominees to be nominated). For the avoidance of doubt, notwithstanding anything herein to the contrary, the corporation shall not be required to include, pursuant to this section
12, a Stockholder Nominee in its proxy materials for any special meeting of stockholders. </U> </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE III </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Directors </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 1.
<U>General Powers</U></B>.<STRIKE> </STRIKE>The business and affairs of the corporation shall be managed by or under the direction of its board of directors.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 2. <U>Number, Tenure and Qualifications</U></B>. <STRIKE></STRIKE>The number of directors of the corporation shall be not less than
three nor more than twenty.<STRIKE> </STRIKE>The exact number of directors within such range may be set from time to time by resolution of the board of directors acting by the vote of not less than a majority of the directors then in office.
<STRIKE></STRIKE>No reduction in the number of directors shall have the effect of removing any director prior to the expiration of his term. <STRIKE></STRIKE>Each director shall hold office for the term for which such director is elected or until a
successor shall have been chosen and shall have qualified or until such director&#146;s earlier death, resignation, retirement, disqualification or removal. <B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 3. <STRIKE></STRIKE><U>Regular Meeting</U></B>.<STRIKE> </STRIKE>A regular meeting of the board of directors shall be held without
other notice than this by-law, on the date of, and at the same place as, the annual meeting of stockholders. <STRIKE></STRIKE>The board of directors may provide, by resolution, the time and place, either within or outside of Delaware, for the
holding of additional regular meetings without other notice than such resolution.<B> </B></P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 4. <STRIKE></STRIKE><U>Special Meetings</U></B>.<STRIKE> </STRIKE>Special meetings of
the board of directors may be called by or at the request of the chairman, chief executive officer, or any two directors. <STRIKE></STRIKE>The person or persons authorized to call special meetings of the board of directors may fix any place, either
within or outside of Delaware, as the place for holding any special meeting of the board of directors called by them. <STRIKE></STRIKE><B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 5. <U>Notice</U></B>.<STRIKE> </STRIKE>Notice of any special meeting shall be given at least two days prior thereto by notice
delivered personally, by mail, e-mail, facsimile or other electronic communication to each director at his business address or at such other address as he shall have previously requested in writing. <STRIKE></STRIKE>If mailed, such notice shall be
deemed to be delivered when deposited in the United States mails in a sealed envelope so addressed, with postage thereon prepaid. <STRIKE></STRIKE>If notice is given by e-mail, facsimile or other electronic transmission, such notice shall be deemed
to be delivered on the day such notice is transmitted. <STRIKE></STRIKE>Neither the business to be transacted at, nor the purpose of, any regular or special meeting of the board of directors need be specified in the notice or waiver of notice of
such meeting, unless otherwise required by law.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 6. <U>Quorum.</U><STRIKE></STRIKE></B><STRIKE>
<B></B></STRIKE><B><U></U></B>A majority of the board of directors shall constitute a quorum for the transaction of business at any meeting of the board of directors, provided that if less than a majority of the directors are present at said
meeting, a majority of the directors present may adjourn the meeting from time to time without further notice. <STRIKE></STRIKE>The act of the majority of the directors present at a meeting at which a quorum is present shall be the act of the board
of directors unless a greater number is required by the Certificate of Incorporation or these by-laws.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 7. <U>Interested
Directors</U></B>.<STRIKE> </STRIKE>Except as may otherwise be provided in the Certificate of Incorporation, no contract or transaction between the corporation and one or more of its directors or officers, or between the corporation and any other
corporation, partnership, association, or other organization in which one or more of its directors or officers are directors or officers, or have a financial interest, shall be void or voidable solely for this reason, or solely because the director
or officer is present at or participates in the meeting of the board or committee thereof which authorizes the contract or transaction, or solely because his or their votes are counted for such purpose, if:<B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) </U>The material facts as to his relationship or interest and as to the contract or transaction are disclosed or are
known to the board of directors or the committee, and the board or committee in good faith authorizes the contract or transaction by the affirmative votes of a majority of the disinterested directors, even though the disinterested directors be less
than a quorum; or </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) The material facts as to his relationship or interest and as to the contract
or transaction are disclosed or are known to the stockholders entitled to vote thereon, and the contract or transaction is specifically approved in good faith by the vote of the stockholders; or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) The contract or transaction is fair as to the corporation as of the time it is authorized, approved or ratified, by the
board of directors, a committee thereof, or the stockholders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Common or interested directors may be counted in determining the presence
of a quorum at a meeting of the board of directors or of a committee which authorizes the contract or transaction. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 8.
<U>Vacancies</U></B>.<STRIKE> </STRIKE>If vacancies occur in the board of directors caused by death, resignation, retirement, disqualification or removal from office of any director or directors or otherwise, or if any new directorship is created by
any increase in the authorized number of directors, a majority of the directors then in office, though less than a quorum, may choose a successor or successors, or fill the newly created directorship and the directors so chosen shall hold office
until the next annual election of directors and until their successors shall be duly elected and qualified, unless sooner displaced.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 9. <U>Committees</U></B>.<STRIKE> </STRIKE>The board of directors may, by resolution passed by a majority of the whole board,
designate one or more committees, each committee to consist of one or more of the directors of the corporation.<B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)
The board may designate one or more directors as alternate members of any committee, who may replace any absent or disqualified member, at any meeting of the committee. <STRIKE></STRIKE>In the absence or disqualification of a member of a committee,
the member or members thereof present at any meeting and not disqualified from voting, whether or not he or they constitute a quorum, may unanimously appoint another member of the board of directors to act at the meeting in the place of any such
absent or disqualified member. <STRIKE></STRIKE>Any such committee, to the extent provided in the resolution of the board of directors, shall have and may exercise all the powers and authority of the board of directors in the management of the
business and affairs of the corporation, and may authorize the seal of the corporation to be affixed to all papers which may require it; but no such committee shall have the power or authority in reference to amending the Certificate of
Incorporation, adopting an agreement of merger or consolidation, recommending to the stockholders the sale, lease or exchange of all or substantially all of the corporation&#146;s property and assets, recommending to the stockholders a dissolution
of </P>
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the corporation or a revocation of a dissolution, or amending the by-laws of the corporation; and, unless the resolution or the Certificate of Incorporation expressly so provide, no such
committee shall have the power or authority to declare a dividend or to authorize the issuance of stock. <STRIKE></STRIKE>Such committee or committees shall have such name or names as may be determined from time to time by resolution adopted by the
board of directors. <STRIKE></STRIKE>Each committee shall keep regular minutes of its meetings and report the same to the board of directors when required. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)<B> <U>Executive Committee</U></B>.<STRIKE> </STRIKE>The board of directors, by resolution adopted by a majority of the
whole board, may designate two or more directors to constitute an Executive Committee and one or more directors as alternates thereof. <STRIKE></STRIKE>Subject to the limitations provided in these by-laws and such further limitation as might be
required by law or by the Certificate of Incorporation or by further resolution of the board of directors, the Executive Committee may, during intervals between meetings of the board of directors, exercise the powers of the board of directors in the
management of the business and affairs of the corporation (including the corporation&#146;s dealings with its foreign subsidiaries, affiliates, and licensees) and may authorize the seal of the corporation to be affixed to all papers which may
require it. <STRIKE></STRIKE>The Executive Committee shall not be empowered to take action with respect to: issuing bonds, debentures; increasing or reducing the capital of the corporation; authorizing commitments and expenditures in excess of the
total amount or amounts provided in the capital budgets approved or otherwise authorized by the board of directors; borrowing of monies, except within limits expressly approved by the board of directors; electing officers; fixing the compensation of
officers; establishment of stock option plans, profit sharing or similar types of compensation plans, filling vacancies or newly created directorships on the board of directors; removing officers or directors of the corporation; dissolution, or any
other action specifically reserved to the board of directors including all matters requiring the approval of stockholders. <STRIKE></STRIKE>The Executive Committee may also from time to time formulate and recommend to the board for approval general
policies regarding management of the business and affairs of the corporation. <STRIKE></STRIKE>The designation of the Executive Committee and the delegation thereto of authority shall not operate to relieve the board of directors or any member
thereof of any responsibility imposed upon it or him by operation of law. <STRIKE></STRIKE>The secretary of the corporation (or in his absence a person designated by the Executive Committee) shall act as secretary at all meetings of the Executive
Committee. <STRIKE></STRIKE>A majority of the Executive Committee shall constitute a quorum for the transaction of business, and the act of a majority of the directors present at a meeting at which a quorum is present shall be the act of the
Executive Committee, provided that in the absence or disqualification of any member of the Executive Committee, the member or members thereof present at any meeting and not disqualified </P>
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from voting, whether or not he or they constitute a quorum, may unanimously appoint another member of the board of directors to act at the meeting in the place of any such absent or disqualified
member. <STRIKE></STRIKE>Regular meetings of the Executive Committee may be held without notice at such times and at such places as shall be fixed by resolution adopted by a majority of the Executive Committee. <STRIKE></STRIKE>Special meetings may
be called by any member of the Executive Committee on twenty-four hours&#146; prior written or electronic notice. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c)<B><U>&nbsp;Compensation Committee</U></B>. <STRIKE></STRIKE>The board of directors shall appoint a Compensation
Committee.<STRIKE> </STRIKE>The composition and duties of such committee shall be as set forth in the Compensation Committee Charter. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) <STRIKE></STRIKE><B><U>Audit Committee</U></B>. <STRIKE></STRIKE>The board of directors shall appoint an Audit Committee.
<STRIKE></STRIKE>The composition and duties of such committee shall be as set forth in the Audit Committee Charter. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e)<B><U>&nbsp;Corporate Governance and Nominating Committee</U></B>. <STRIKE></STRIKE>The board of directors shall appoint a
Corporate Governance and Nominating Committee.<STRIKE> </STRIKE>The composition and duties of such committee shall be as set forth in the Corporate Governance and Nominating Committee Charter. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f)<B><U>&nbsp;Finance Committee</U></B>.<STRIKE> </STRIKE>The board of directors, by resolution adopted by a majority of the
whole board, may designate two or more directors to constitute a Finance Committee and one or more directors as alternate members thereof. <STRIKE></STRIKE>The duties and responsibilities of the Finance Committee shall be to review, upon the request
of the chairman, the chief executive officer or the president, management&#146;s proposals with respect to: the corporation&#146;s debt and equity financing; <STRIKE></STRIKE>recommendations to the board with respect to dividend policy and payments;
acquisitions and divestitures exceeding any standing authority management has by virtue of the resolution dated December&nbsp;8, 2006, or its successors; recommendations to the board concerning the corporation&#146;s investment portfolio; the
corporation&#146;s real estate investments; and other financing and investment matters. <STRIKE></STRIKE>In addition, the Finance Committee shall oversee the investment of all funds identified with the U.S. pension and welfare benefit plans
including &#147;Rabbi trusts&#148; associated with deferred compensation plans and monitor the governance and risks associated with non-U.S. employee benefit plans. <STRIKE></STRIKE>In fulfilling its pension and benefits responsibilities, the
Finance Committee may form and delegate authority or specific assignments to subcommittees, whose members may be Company employees or otherwise. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 10</B>.<B> <U>Consent in Lieu of Meeting</U></B>.<STRIKE> </STRIKE>Unless otherwise
restricted by the Certificate of Incorporation or these by-laws, any action required or permitted to be taken at any meeting of the board of directors or any committee thereof may be taken without a meeting if all members of the board or committee
thereof, as the case may be, consent thereto in writing or electronic transmission, and the writing or writings or electronic transmission or transmissions are filed with the minutes of the proceedings of the board or committee.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 11. <U>Compensation</U></B>.<STRIKE> </STRIKE>Directors who are also full-time employees of the corporation shall not receive any
compensation for their services as directors but they may be reimbursed for reasonable expenses of attendance. <STRIKE></STRIKE>By resolution of the board of directors, all other directors may receive compensation for their services together with
reimbursement of expenses of attendance, if any, at each regular or special meeting of the board of directors or any committee of the board of directors; provided, that nothing herein contained shall be construed to preclude any director from
serving the corporation in any other capacity and receiving compensation therefor.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 12. <U>Meeting by Conference
Telephone</U></B>.<STRIKE> </STRIKE>Unless otherwise restricted by the Certificate of Incorporation, members of the board of directors or any committee thereof may participate in a meeting of such board or committee by means of conference telephone
or other communication equipment by means of which all persons participating in the meeting can hear each other, and participation in a meeting pursuant hereto shall constitute presence in person at such meeting. <STRIKE></STRIKE>Unless otherwise
required by law, no notice shall be required if a quorum of the board or any committee is participating.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 13.
<STRIKE></STRIKE><U>Emeritus Director</U>.</B><STRIKE> </STRIKE>The board of directors may, from time to time, elect an emeritus director who shall serve at the pleasure of the board, subject to an annual review at the meeting of the board
immediately preceding each annual meeting of stockholders, or until earlier resignation or removal by the board. <STRIKE></STRIKE>An emeritus director shall serve as an advisor and consultant to the board of directors and may be appointed by the
board to serve as advisor and consultant to committees of the board. <STRIKE></STRIKE>An emeritus director may be invited to attend meetings of the board or any committee of the board for which he has been appointed to serve as advisor and
consultant and, if present, may participate in the discussions occurring during such meetings. <STRIKE></STRIKE>An emeritus director shall not be permitted to vote on matters brought before the board or any committee thereof and shall not be counted
for the purpose of determining whether a quorum of the board or the committee is present. <STRIKE></STRIKE>An emeritus director shall receive no fee for his services as an emeritus director.<STRIKE> </STRIKE>An emeritus director will be entitled to
receive reimbursement for expenses of meeting attendance, as approved by the chairman of the board. <STRIKE></STRIKE>An emeritus director may be removed at any time by the board of directors.<STRIKE> </STRIKE>References in these by-laws to
&#147;directors&#148; or &#147;board of directors&#148; shall not mean or include an emeritus director.<B> </B></P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE IV </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Officers </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION
1.<STRIKE> </STRIKE><U>Elected Officers</U></B>.<STRIKE> </STRIKE>The elected officers of the corporation may include a chairman, chief executive officer, president, one or more vice chairmen, one or more executive vice presidents, one or more
senior vice presidents, chief financial officer and secretary. <STRIKE></STRIKE>The elected officers may also include one or more vice presidents and such other officers as may be elected in accordance with the provisions of this article.
<STRIKE></STRIKE>Any two or more offices may be held by the same person.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 2. <U>Appointed Officers</U>.<STRIKE>
</STRIKE></B>The appointed officers of the corporation may include one or more vice presidents, a treasurer, chief accounting officer, corporate controller, one or more assistant treasurers, one or more assistant secretaries, and such other officers
as may be appointed in accordance with the provisions of this article. <STRIKE></STRIKE>Any two or more offices may be held by the same person.<STRIKE> </STRIKE><B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 3. <U>Election and Term of Office</U></B>.<STRIKE> </STRIKE>The elected officers of the corporation shall be elected annually by
the board of directors at the meeting of the board of directors that is held on the date of the annual meeting of stockholders. <STRIKE></STRIKE>If the election of such officers shall not be held at such meeting, such election shall be held as soon
thereafter as conveniently may be. <STRIKE></STRIKE>Vacancies may be filled or new offices created and filled at any meeting of the board of directors. <STRIKE></STRIKE>Each elected officer shall hold office until his successor shall have been duly
elected and shall have qualified or until his death or until he shall resign or shall have been removed in the manner hereinafter provided. <STRIKE></STRIKE>Appointed officers may be appointed from time to time by the chief executive officer or by
any other elected officer authorized by the chief executive officer. <STRIKE></STRIKE>Each appointed officer may hold office until his death or termination of employment or until he shall resign or shall have been removed in the manner hereinafter
provided. <STRIKE></STRIKE><B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 4. <U>Removal</U></B>.<STRIKE> </STRIKE>Any officer or agent elected or appointed by the
board of directors may be removed by the board of directors whenever in its judgment the best interests of the corporation would be served thereby, but such removal shall be without prejudice to the contract rights, if any, of the person so removed.
<STRIKE></STRIKE>Appointed officers may be removed by the chief executive officer or other elected officer with the authority to appoint such appointed officer at any time, but such removal shall be without prejudice to the contract rights, if any,
of the person so removed. <STRIKE></STRIKE><B> </B></P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 5. <U>Vacancies</U></B>.<STRIKE> </STRIKE>A vacancy in any elected office because of
death, resignation, removal, disqualification or otherwise, may be filled, and new offices may be created and filled, at any time by the board of directors. <STRIKE></STRIKE><B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 6.<STRIKE> </STRIKE><U>Chairman</U>. <STRIKE></STRIKE></B>The chairman shall:<STRIKE> </STRIKE>(i)&nbsp;provide leadership to the
board of directors in reviewing and advising upon matters which exert major influence on the manner in which the corporation&#146;s business is conducted; (ii)&nbsp;preside at all meetings of the stockholders and of the board of directors;
(iii)&nbsp;in the absence of the chairman of the Executive Committee, preside at all meetings of the Executive Committee; and (iv)&nbsp;perform such other duties as may be conferred by law or assigned by the board of directors. <STRIKE></STRIKE>The
chairman may sign, with the secretary or other proper officer of the corporation thereunto authorized by the board of directors, stock certificates of the corporation, any deeds, mortgages, bonds, contracts, or other instruments, except in cases
where the signing or execution thereof shall be expressly delegated by the board of directors or by these by-laws to some other officer or agent of the corporation, or shall be required by law to be otherwise signed or executed. <STRIKE></STRIKE>The
chairman may also execute proxies on behalf of the corporation with respect to the voting of any shares of stock owned by the corporation; have the power to appoint agents or employees as in the chairman&#146;s judgment may be necessary or
appropriate for the transaction of the business of the corporation; and in general shall perform all duties incident to the office of chairman.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 7. <STRIKE></STRIKE><U>Chief Executive Officer</U>.</B><STRIKE> </STRIKE>The chief executive officer shall in general manage,
supervise and control all of the properties, business and affairs of the corporation and shall determine and administer the policies of the corporation as established by the board of directors or by the Executive Committee. <STRIKE></STRIKE>In the
absence of the chairman and a lead director, the chief executive officer shall preside at all meetings of the stockholders. <STRIKE></STRIKE>In the absence of the chairman and a lead director, and if the chief executive officer is also a director,
the chief executive officer shall preside at all meetings of the board and perform the duties and exercise the authority of the chairman. <STRIKE></STRIKE>In the absence of the chairman of the Executive Committee and the chairman, and if the chief
executive officer is also a director, the chief executive officer shall preside at all meetings of the Executive Committee. <STRIKE></STRIKE>The chief executive officer may sign, with the secretary or other proper officer of the corporation
thereunto authorized by the board, any deeds, mortgages, bonds, contracts or other instruments except in cases where the signing or execution thereof shall be expressly delegated by the board or by these by-laws to some other officer or agent of the
corporation, or shall be required by law to be otherwise signed or executed. <STRIKE></STRIKE>The chief executive officer may also execute proxies on behalf of the corporation with respect to the voting of any shares of stock owned by the
corporation. <STRIKE></STRIKE>The chief executive officer shall have the power to appoint agents or employees as in his judgment may be necessary or appropriate for the transaction of the business of the corporation and in general shall perform all
duties incident to the office of chief executive officer, and such other duties as may be prescribed by the board. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 8.<STRIKE> </STRIKE><U>President</U>.<STRIKE> </STRIKE></B>The president (once elected
by the board of directors) shall undertake and faithfully discharge such duties as assigned by the chief executive officer and shall administer the policies of the corporation as established by the board of directors or by the Executive Committee.
<STRIKE></STRIKE>In the absence of the chief executive officer, or in the event of his inability or refusal to act, the president shall perform the duties and exercise the powers of the chief executive officer. <STRIKE></STRIKE>In the absence of the
chairman, lead director and chief executive officer, the president shall preside at all meetings of the stockholders. <STRIKE></STRIKE>The president may sign, with the secretary or other proper officer of the corporation thereunto authorized by the
board, stock certificates of the corporation, any deeds, mortgages, bonds, contracts or other instruments except in cases where the signing or execution thereof shall be expressly delegated by the board or by these by-laws to some other officer or
agent of the corporation, or shall be required by law to be otherwise signed or executed. <STRIKE></STRIKE>The president may also execute proxies on behalf of the corporation with respect to the voting of any shares of stock owned by the
corporation. <STRIKE></STRIKE>The president shall have the power to appoint agents or employees as in his judgment may be necessary or appropriate for the transaction of the business of the corporation and in general shall perform all duties
incident to the office of president, and such other duties as may be prescribed by the chief executive officer or the board.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 9. <STRIKE></STRIKE><U>Vice Chairman</U>.</B><STRIKE> </STRIKE>The vice chairman or vice chairmen shall assist the chief executive
officer and the president in supervising the affairs of the corporation. <STRIKE></STRIKE>In the event of the absence or disability of the president, the vice chairman shall assume all of the duties and responsibilities of president.
<STRIKE></STRIKE>In the event there is more than one vice chairman, then the first elected vice chairman shall assume all the duties and responsibilities of president. <STRIKE></STRIKE>The vice chairman may sign, with the secretary or other proper
officer of the corporation thereunto authorized by the board, any deeds, mortgages, bonds, contracts or other instruments, except in cases where the signing is required to be by some other officer or agent of the corporation. <STRIKE></STRIKE>The
vice chairman shall perform such other duties not inconsistent with these by-laws as may be designated by the chief executive officer, president or the board.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 10. <U>Executive Vice President(s)</U></B>.<STRIKE> </STRIKE>The executive vice president or executive vice presidents shall
perform such duties not inconsistent with these by-laws as may be assigned to him or them by the chief executive officer, the president, a vice chairman, or the board of directors. <STRIKE></STRIKE>The executive vice president(s) may sign, with the
secretary or other proper officer of the corporation thereunto authorized by the board, stock certificates of the corporation, any deeds, mortgages, bonds, contracts or other instruments, except in cases where the signing is required to be by some
other officer or agent of the corporation. <STRIKE></STRIKE>In the event of the absence or disability of the vice chairman or vice chairmen, the executive vice president (or in the event there be more than one, the executive vice president
determined in the order of election) shall assume all the duties and responsibilities of vice chairman. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 11. <STRIKE></STRIKE><U>Senior Vice President(s)</U>.</B><STRIKE> </STRIKE>The senior
vice president or senior vice presidents shall perform such duties not inconsistent with these by-laws as may be assigned to him or them by the chief executive officer, the president or the board of directors. <STRIKE></STRIKE>Any senior vice
president may sign, with the secretary or an assistant secretary, stock certificates of the corporation, and any deeds, mortgages, bonds, contracts or other instruments, except in cases where the signing is required to be by some other officer or
agent of the corporation. <STRIKE></STRIKE>In the event of the absence or disability of the chief executive officer, president, vice chairman or vice chairmen and the executive vice president or executive vice presidents, the senior vice president
(or in the event there be more than one, the senior vice president determined in the order of election) shall assume all the duties and responsibilities of chief executive officer. <STRIKE></STRIKE><B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 12.<U>&nbsp;Chief Financial Officer</U></B>.<STRIKE> </STRIKE>The chief financial officer shall have general supervision over the
financial affairs of the corporation. <STRIKE></STRIKE>The chief financial officer shall also have such powers and perform such other duties not inconsistent with these by-laws as may be assigned to him by the chief executive officer, the president
or the board of directors. <STRIKE></STRIKE><B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 13.<U>&nbsp;Secretary</U></B>.<STRIKE> </STRIKE>The secretary shall:
(a)&nbsp;keep the minutes of the stockholders&#146; and the board of directors&#146; meetings in one or more books provided for that purpose; (b)&nbsp;see that all notices of the corporation are duly given in accordance with the provisions of these
by-laws or as required by law; (c)&nbsp;be custodian of the corporate records and of the seal of the corporation and shall affix the same to such documents and other papers as the board of directors or the chief executive officer or president shall
authorize and direct; (d)&nbsp;have charge of the stock certificate books, transfer books and stock ledgers and such other books and papers as the board of directors or the chief executive officer or president shall direct; (e)&nbsp;keep a register
of the post office address of each stockholder which shall be furnished to the secretary by such stockholder; (f)&nbsp;sign with the president, a vice chairman, any executive vice president or any senior vice president, stock certificates of the
corporation, the issue of which shall have been authorized by resolution of the board of directors; (g)&nbsp;have general charge of the stock transfer books of the corporation; (h)&nbsp;act as secretary at all meetings of the Executive Committee;
and (i)&nbsp;in general perform all duties incident to the office of secretary. <STRIKE></STRIKE>The secretary shall also have such other powers and shall perform such other duties not inconsistent with these by-laws as may from time to time be
assigned by these by-laws or the chief executive officer, president or the board of directors.<B> </B></P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 14.<U>&nbsp;Vice President(s)</U></B>.<STRIKE> </STRIKE>In general, the vice president
or vice presidents (if elected by the board of directors) shall perform such duties not inconsistent with these by-laws as may be assigned to him or them by the chief executive officer, president, a vice chairman, an executive vice president, a
senior vice president, or the board of directors.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 15.<U>&nbsp;Treasurer</U></B>.<STRIKE> </STRIKE>If required by the
board of directors, the treasurer shall give a bond for the faithful discharge of his duties in such sum and with such surety or sureties as the board of directors shall determine. <STRIKE></STRIKE>He shall: (a)&nbsp;have charge and custody of and
be responsible for all funds and securities of the corporation; receive and give receipts for monies due and payable to the corporation from any source whatsoever, and deposit all such monies in the name of the corporation in such banks, trust
companies or other depositories as shall be selected in accordance with the provisions of article VI of these by-laws; (b)&nbsp;in general perform all duties incident to the office of treasurer and such other duties not inconsistent with these
by-laws as from time to time may be assigned to him by the chief executive officer, president, any vice chairman, any senior vice president, any vice president designated for such purpose or the board of directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 16.<U>&nbsp;Chief Accounting Officer</U>.<STRIKE> </STRIKE></B>The chief accounting officer shall oversee the accounting and
financial reporting functions of the corporation. <STRIKE></STRIKE>The chief accounting officer shall perform such other duties not inconsistent with these by-laws, incident to the office of chief accounting officer, as may be prescribed from time
to time by the chief executive officer, president, chief financial officer, or the board of directors. <STRIKE></STRIKE><B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 17.<U>&nbsp;Corporate Controller(s)</U></B>. The controller or controllers shall provide guidance and evaluation with respect to
the corporation&#146;s accounting and related functions, control and procedures systems, budget programs, and coordinate same on a divisional and overall corporate level. <STRIKE></STRIKE>The controller or controllers shall report to such officer or
officers of the corporation and perform such other duties not inconsistent with these by-laws, incident to the office of controller, as may be prescribed from time to time by the chief executive officer, president, chief financial officer, or the
board of directors. <B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 18. <STRIKE></STRIKE><U>Assistant Treasurers and Assistant Secretaries</U></B>.<STRIKE>
</STRIKE>The assistant treasurers may be required to give bonds for the faithful discharge of their duties in such sums and with such sureties as the board of directors or chief executive officer or president shall determine. <STRIKE></STRIKE>The
assistant treasurers and assistant secretaries, in general, shall perform such duties not inconsistent with these by-laws as may be assigned to them by the treasurer or the secretary, respectively, or by the board of directors or the chief executive
officer or president.<B> </B></P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 19. <STRIKE></STRIKE><U>Designated Presidents, Vice Presidents and
Controllers</U></B>.<STRIKE> </STRIKE>The chief executive officer may from time to time designate employees of the corporation who are managing one or several groups, divisions, or other operations of the corporation as &#147;president&#148;,
&#147;vice president&#148;, &#147;controller&#148; or similar title, which employees shall not be considered to be officers of the corporation solely by reason of such appointments or titles.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 20.<U>&nbsp;Salaries</U></B>.<STRIKE> </STRIKE>The salaries of the elected officers shall be fixed from time to time by the board
of directors on an annual basis and no elected officer shall be prevented from receiving such salary by reason of the fact that he is also a director of the corporation.<B> </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE V </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Indemnification of Officers, </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Directors and Employees </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 1. <U>Non-Derivative Actions and Criminal Prosecutions</U></B>.<STRIKE> </STRIKE>To the fullest extent permitted by the General
Corporation Law of the State of Delaware, as the same exists or may hereafter be amended (but, in the case of any such amendment, only to the extent that such amendment permits the corporation to provide broader indemnification rights than said law
permitted the corporation to provide prior to such amendment), the corporation shall indemnify any director, officer or employee who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or
proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the fact that he is or was a director, officer, employee, trustee, fiduciary or agent of the corporation,
or is or was serving at the request of the corporation as a director, officer, employee, trustee, fiduciary or agent of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise, including service with respect
to employee benefit plans maintained or sponsored by the corporation, against expenses (including attorneys&#146; fees), judgments, fines, ERISA excise taxes or penalties and amounts paid in settlement actually and reasonably incurred by him in
connection with such action, suit or proceeding if he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no
reasonable cause to believe his conduct was unlawful. <STRIKE></STRIKE>The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent shall not, of itself, create a
presumption that the person did not act in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had reasonable cause to
believe that his conduct was unlawful.<B> </B></P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 2. <U>Derivative Actions</U></B>.<STRIKE> </STRIKE>To the fullest extent permitted by
the General Corporation Law of the State of Delaware, as the same exists or may hereafter be amended (but, in the case of any such amendment, only to the extent that such amendment permits the corporation to provide broader indemnification rights
than said law permitted the corporation to provide prior to such amendment), the corporation shall indemnify any director, officer or employee who was or is a party or is threatened to be made a party to any threatened, pending or completed action
or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that he is or was a director, officer, employee, trustee, fiduciary or agent of the corporation, or is or was serving at the request of the
corporation as a director, officer, employee, trustee, fiduciary or agent of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise, including service with respect to employee benefit plans maintained or
sponsored by the corporation, against expenses (including attorneys&#146; fees) actually and reasonably incurred by him in connection with the defense or settlement of such action or suit if he acted in good faith and in a manner he reasonably
believed to be in or not opposed to the best interests of the corporation and except that no indemnification shall be made in respect of any claim, issue or matter as to which such person shall have been adjudged to be liable for negligence or
misconduct in the performance of his duty to the corporation unless and only to the extent that the court in which such action or suit was brought shall determine upon application that despite the adjudication of liability but in view of all the
circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which such court shall deem proper.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 3. <U>Right to Indemnification</U></B>.<STRIKE> </STRIKE>To the extent that a director, officer or employee of the corporation has
been successful on the merits or otherwise in defense of any action, suit or proceeding referred to in sections 1 and 2 of this article, or in defense of any claim, issue or matter therein, he shall be indemnified by the corporation against expenses
(including attorneys&#146; fees) actually and reasonably incurred by him in connection therewith.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 4. <U>Where No
Adjudication</U></B>.<STRIKE> </STRIKE>Any indemnification under sections 1 and 2 of this article (unless ordered by a court) shall be made by the corporation only as authorized in the specific case upon a determination that indemnification of the
director, officer or employee is proper in the circumstances because he has met the applicable standard of conduct set forth in said sections 1 and 2. <STRIKE></STRIKE>Such determination shall be made (i)&nbsp;by the board of directors by a majority
vote of a quorum consisting of directors who were not parties to such action, suit or proceeding, or (ii)&nbsp;if such a quorum is not obtainable, or, even if obtainable and a quorum of disinterested directors so directs, by independent legal
counsel (compensated by the corporation) in a written opinion, or (iii)&nbsp;by the stockholders.<B> </B></P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 5. <U>Expenses</U></B>.<STRIKE> </STRIKE>Expenses incurred in defending a civil or
criminal action, suit or proceeding may be paid by the corporation in advance of the final disposition of such action, suit or proceeding as authorized by the board of directors in the specific case upon receipt of an undertaking by or on behalf of
the director, officer or employee to repay such amount unless it shall ultimately be determined that he is entitled to be indemnified by the corporation as authorized in this article.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 6. <U>Non-exclusive</U></B>.<STRIKE> </STRIKE>The indemnification and advancement of expenses provided by this article shall not be
deemed exclusive of any other rights to which a director, officer or employee seeking indemnification or advancement of expenses may be entitled under any by-law, agreement, vote of stockholders or disinterested directors or otherwise, both as to
action in his official capacity and as to action in another capacity while holding such office.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 7.
<U>Insurance</U></B>.<STRIKE> </STRIKE>The corporation may purchase and maintain insurance on behalf of any director, officer or employee who is or was a director, officer, employee, trustee, fiduciary or agent of the corporation, or is or was
serving at the request of the corporation as a director, officer, employee, trustee, fiduciary or agent of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise, including service with respect to employee
benefit plans maintained or sponsored by the corporation, against any liability asserted against him and incurred by him in any such capacity, or arising out of his status as such, whether or not the corporation would have the power to indemnify him
against such liability under the provisions of this article or applicable law.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 8. <U>Contractual
Nature</U></B>.<STRIKE></STRIKE><U> </U><STRIKE></STRIKE>The duties of the corporation to indemnify and to advance expenses to a director, officer or employee shall be in the nature of a contract between the corporation and each such person, which
contractual rights vest at the time of such person&#146;s service to or at the request of the corporation. <STRIKE></STRIKE><U></U><STRIKE></STRIKE>Such indemnification and advancement rights cannot be terminated by the corporation, board of
directors or the stockholders of the corporation with respect to a person&#146;s service prior to the date of such termination. <STRIKE></STRIKE><U></U><STRIKE></STRIKE>The indemnification and advancement of expenses provided by this article shall
continue as to a director, officer or employee who has ceased to be a director, officer, employee, trustee, fiduciary or agent and shall inure to the benefit of the heirs, executors and administrators of such person.
<STRIKE></STRIKE><U></U><STRIKE></STRIKE>No amendment or repeal of any provisions of this article shall alter, to the detriment of such person, the right of such person to the advancement of expenses or indemnification related to a claim, whether
brought or threatened before or after such amendment or repeal, based on an act or failure to act that took place prior to such amendment or repeal. <STRIKE></STRIKE><U></U><STRIKE></STRIKE>Each director, officer or employee who shall act as a
director, officer, employee, trustee, fiduciary or agent of the corporation shall be deemed to be doing so in reliance upon the rights provided by this article. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE VI </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Contracts, Loans, Checks and Deposits </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 1. <U>Contracts</U></B>.<STRIKE> </STRIKE>The board of directors may authorize any officer or officers, agent or agents, to enter
into any contract or execute and deliver any instrument in the name of any on behalf of the corporation, and such authority may be general or confined to specific instances.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 2. <U>Loans</U></B>.<STRIKE> </STRIKE>No loans shall be contracted on behalf of the corporation and no evidence of indebtedness
shall be issued in its name unless authorized by a resolution of the board of directors. <STRIKE></STRIKE>Such authority may be general or confined to specific instances.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 3. <U>Checks, Drafts, etc.</U><STRIKE></STRIKE></B><STRIKE> <B></B></STRIKE><B><U></U></B>All checks, drafts or other orders for
the payment of money, notes or other evidences of indebtedness issued in the name of the corporation, shall be signed by such officer or officers, agent or agents of the corporation and in such manner as shall from time to time be determined by
resolution of the board of directors.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 4. <U>Deposits</U></B>.<STRIKE> </STRIKE>All funds of the corporation not
otherwise employed shall be deposited from time to time to the credit of the corporation in such banks, trust companies or other depositaries as the board of directors may select.<B> </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE VII </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Stock
Certificates </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 1. <U>Stock Certificates</U></B>.<STRIKE> </STRIKE>The shares of capital stock of the corporation may be
certificated or uncertificated or a combination thereof. <STRIKE></STRIKE>A resolution approved by a majority of the board of directors may provide that some or all of any or all classes or series of the capital stock of the corporation will be
uncertificated shares. <STRIKE></STRIKE>Any certificates representing shares of stock of the corporation shall be in such form as may be determined by the board of directors, shall be numbered and shall be entered in the books of the corporation as
they are issued. <STRIKE></STRIKE>They shall exhibit the holder&#146;s name and number of shares and shall be signed by the chairman, the president, any executive vice president, any senior vice president, or a vice president (if elected by the
board of directors) and the treasurer or an assistant treasurer or the secretary or an assistant secretary, and shall be sealed with the seal of the corporation. <STRIKE></STRIKE>If a stock certificate is countersigned (a)&nbsp;by a transfer agent
other than the corporation or its employee, or (b)&nbsp;by a registrar other than the corporation or its employee, any other signature on the certificate may be a facsimile. <STRIKE></STRIKE>In case any officer, transfer agent or registrar who has
signed or whose facsimile signature has been placed upon a certificate shall have ceased to be such officer, transfer agent or registrar before such certificate is issued, it may be issued by the corporation with the same effect as if he were such
officer, transfer agent or registrar at the date of issue. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-32- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 2. <U>Lost Certificates</U></B>.<STRIKE> </STRIKE>The board of directors may from time
to time make such provision as it deems appropriate for the replacement of lost, stolen or destroyed stock certificates, including the requirement to furnish an affidavit and an indemnity.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 3. <U>Transfers of Stock</U></B>.<STRIKE> </STRIKE>Transfers of shares of capital stock of the corporation shall be made by the
corporation or the transfer agent of the corporation after receipt of a request from the record holder of such capital stock, or from an attorney lawfully constituted in writing, with proper evidence of succession, assignment or authority to
transfer and, in the case of stock represented by a certificate, upon surrender of the certificate duly endorsed or accompanied by proper evidence of succession, assignment of authority to transfer. <STRIKE></STRIKE>The person in whose name shares
of stock stand on the books of the corporation shall be deemed the owner thereof for all purposes as regards the corporation.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 4. <U>Transfer Agents and Registrars</U></B>.<STRIKE> </STRIKE>The board of directors may appoint one or more transfer agents and
registrars and may thereafter require all stock certificates to bear the signature of a transfer agent and registrar.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION
5. <U>Rules of Transfer</U></B>.<STRIKE> </STRIKE>The board of directors shall have the power and authority to make all such rules and regulations as they may deem expedient concerning the issue, transfer and registration of shares of stock of the
corporation.<B> </B></P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE VIII </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Fiscal Year </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The fiscal
year of the corporation shall begin on the first day of January in each year and end on the thirty-first of December in each year. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE IX </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Dividends
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The board of directors may from time to time, declare, and the corporation may pay, dividends on its outstanding shares of stock in
the manner and upon the terms and conditions provided by law and its Certificate of Incorporation. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE X </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Seal </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The board of
directors shall provide a corporate seal which shall be in the form of a circle and shall have inscribed thereon the name of the corporation and the words &#147;Corporate Seal, Delaware&#148;. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE XI </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Waiver of
Notice </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Whenever any notice whatever is required to be given under the provisions of these by-laws or under the provisions of the
Certificate of Incorporation or under the provisions of the General Corporation Law of Delaware, waiver thereof in writing or electronic transmission, signed by the person or persons entitled to such notice, whether before or after the time stated
therein, shall be deemed equivalent to the giving of such notice. <STRIKE></STRIKE>Attendance of any person at a meeting for which any notice whatever is required to be given under the provisions of these by-laws, the Certificate of Incorporation or
the General Corporation Law of Delaware shall constitute a waiver of notice of such meeting, except when the person attends for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting
is not lawfully called or convened. </P>
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<TITLE>EX-3.(b)(ii)</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 3(b)(ii) </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BY-LAWS </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>OF </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ILLINOIS TOOL WORKS INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(amended and restated as of December&nbsp;11, 2015) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE I </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Offices
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 1. <U>Registered Office</U></B>. The registered office shall be in the City of Wilmington, County of New Castle, State of
Delaware.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 2.&nbsp;<U>Other Offices</U></B>. The corporation may also have offices in Glenview, Illinois, and offices at
such other places as the board of directors or officers may from time to time determine.<B> </B></P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE II </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Stockholders </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION
1.&nbsp;<U>Annual Meeting</U></B>. The annual meeting of the stockholders shall be in the month of April or May of each year. The place, date and time of the meeting shall be fixed by the board of directors and stated in the notice of the
meeting.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 2. <U>Special Meetings</U></B>. Special meetings of the stockholders may be called by the chairman, the chief
executive officer, the president or by a majority of the board of directors.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 3.&nbsp;<U>Place of Meeting</U></B>. The
board of directors may designate any place, either within or outside of Delaware, as the place of meeting for any meeting of the stockholders (annual or special) or may provide for a meeting by means of remote communication. In the absence of any
such designation, the place of meeting shall be the principal place of business of the corporation.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 4.&nbsp;<U>Notice
of Meetings</U></B>. Written or printed notice stating the place, if any, or the means of remote communication, if any, day and hour of the meeting shall be delivered either personally or by mail, or, with the consent of the stockholder, by
electronic transmission, by or at the direction of the chairman or persons calling the meeting to each stockholder of record entitled to vote at such meeting. If mailed, such notice shall be deemed to be delivered when deposited in the United States
mails in a sealed envelope addressed to the stockholder at his address as it appears on the records of the corporation, with postage thereon prepaid. If given by electronic transmission, such notice shall be deemed to be delivered on the day such
notice is transmitted. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 5.&nbsp;<U>Voting of Shares by Certain Holders</U></B>. Shares of stock standing in
the name of another corporation, domestic or foreign, may be voted by such officer, agent or proxy as the by-laws of such corporation may prescribe, or, in the absence of such provision, as the board of directors of such corporation may
determine.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Shares of stock standing in the name of a deceased person may be voted by his administrator or executor, either in
person or by proxy. Persons holding stock in a fiduciary capacity shall be entitled to vote the shares so held. Persons whose stock is pledged shall be entitled to vote, unless in the transfer by the pledgor on the books of the corporation he has
expressly empowered the pledgee to vote thereon, in which case only the pledgee, or his proxy, may represent such stock and vote thereon. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Shares of stock standing in the name of a receiver may be voted by such receiver, and shares of stock held by or under the control of a
receiver may be voted by such receiver without the transfer thereof into his name if authority so to do be contained in an appropriate order of the court by which such receiver was appointed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 6.&nbsp;<U>Fixing of Record Date</U></B>. Unless any statute requires otherwise, for the purpose of determining
(a)&nbsp;stockholders entitled to notice of or to vote at any meeting of stockholders, or (b)&nbsp;stockholders entitled to receive payment of any dividend, or (c)&nbsp;stockholders, with respect to any lawful action, the board of directors may fix
in advance a date as the record date for any such determination of stockholders, such date in any case to be not more than sixty (60)&nbsp;days and, in case of a meeting of stockholders, not less than ten (10)&nbsp;days and, in the case of a merger,
consolidation, sale, lease or exchange of assets, not less than twenty (20)&nbsp;days. If no record date is fixed: (1)&nbsp;the record date for determining stockholders entitled to notice of or to vote at a meeting of stockholders shall be at the
close of business on the day next preceding the day on which notice is given, or, if notice is waived, at the close of business on the day next preceding the day on which the meeting is held; (2)&nbsp;the record date for determining stockholders for
any other purpose shall be at the close of business on the day on which the board of directors adopts the resolution relating thereto. A determination of stockholders of record entitled to notice of or to vote at a meeting of stockholders shall
apply to any adjournment of the meeting; provided, however, that the board of directors may fix a new record date for the adjourned meeting.<B> </B></P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 7.&nbsp;<U>Quorum</U></B>. The holders of a majority of the stock issued and
outstanding and entitled to vote, present in person or represented by proxy, shall constitute a quorum at all meetings of the stockholders for the transaction of business except as otherwise provided by statute, by the Certificate of Incorporation
or by these by-laws. If, however, such quorum shall not be present or represented at any meeting of the stockholders, the stockholders entitled to vote, present in person or represented by proxy, shall have power to adjourn the meeting from time to
time until a quorum shall be present or represented. No notice other than an announcement at the meeting need be given unless the adjournment is for more than thirty days or a new record date is to be fixed for the adjourned meeting. At such
adjourned meeting at which a quorum shall be present or represented, any business may be transacted which might have been transacted at the meeting as originally notified.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">When a quorum is present at any meeting, the vote of the holders of a majority of the stock having voting power present in person or
represented by proxy shall decide any question brought before such meeting, unless the question is one upon which by express provision of the statutes or of the Certificate of Incorporation or of these by-laws, a different vote is required in which
case such express provision shall govern and control the decision of such question. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 8.&nbsp;<U>Proxies</U></B>. At all
meetings of stockholders, a stockholder may vote by proxy executed in writing or via electronic transmission by the stockholder or by his duly authorized attorney-in-fact. Such proxy shall be filed with the secretary of the corporation before or at
the time of the meeting. Proxies shall be valid only with respect to the meeting or meetings and any adjournment thereof, for which they are given. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 9.&nbsp;<U>Voting</U></B>. Each stockholder shall have one vote in person or by proxy for each share of stock having voting power
registered in his name on the books of the corporation at the record date.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 10.&nbsp;<U>Notice of Stockholder Business
and Nominations for Directors</U>. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;Annual Meetings of Stockholders. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1)&nbsp;Nominations of persons for election to the board of directors of the corporation and the proposal of business to be
considered by the stockholders at an annual meeting of stockholders may be made (i)&nbsp;pursuant to the corporation&#146;s notice of meeting, (ii)&nbsp;by or at the direction of the board of directors, or (iii)&nbsp;by any stockholder of the
corporation who (x)&nbsp;is a stockholder of record at the time of giving notice provided for in this section 10 and at the time of the annual meeting of stockholders, (y)&nbsp;is entitled to vote at the meeting, and (z)&nbsp;complies with the
notice procedures as to such business or </P>
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nomination set forth in this section 10. Clause (iii)&nbsp;of this paragraph shall be the exclusive means for a stockholder to make nominations or submit other business (other than matters
properly brought under Rule 14a-8 under the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;) and included in the corporation&#146;s notice of meeting) before an annual meeting of stockholders. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2)&nbsp;For nominations or other business to be properly brought before an annual meeting by a stockholder pursuant to clause
(iii)&nbsp;of paragraph (a)(1) of this section 10, such other business must be a proper subject for stockholder action under Delaware corporation law, and the stockholder must have given timely notice of such nomination or other business in writing
to the secretary of the corporation. To be timely, a stockholder&#146;s notice shall be delivered to the secretary at the principal executive offices of the corporation not earlier than the one hundred twentieth (120th)&nbsp;day and not later than
the ninetieth (90th)&nbsp;day prior to the first anniversary of the preceding year&#146;s annual meeting; provided, however, that in the event that the date of the annual meeting is more than thirty (30)&nbsp;days before or more than sixty
(60)&nbsp;days after such anniversary date, notice by the stockholder to be timely must be so delivered not earlier than the one hundred twentieth (120th)&nbsp;day prior to such annual meeting and not later than the later of the ninetieth
(90th)&nbsp;day prior to such annual meeting and the tenth (10th)&nbsp;day following the date on which public announcement of the date of such meeting is first made by the corporation. In no event shall the public announcement of an adjournment of
an annual meeting commence a new time period for the giving of a stockholder&#146;s notice as described above. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">To be in proper form, a
stockholder&#146;s notice to the secretary must set forth: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;the following as to the stockholder giving the notice
and the beneficial owner, if any, on whose behalf the nomination or business proposal is made: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;the name and
address of such stockholder, as it appears on the corporation&#146;s books, and of the beneficial owner, if any; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;the class and number of shares of capital stock of the corporation that are owned beneficially and of record by such
stockholder and beneficial owner, if any, as of the date of such notice (which information shall be supplemented by such stockholder and beneficial owner, if any, not later than ten (10)&nbsp;days after the record date for the meeting to disclose
such ownership as of the record date); </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) a description of any agreement, arrangement or understanding (including any
derivative or short positions, profit interests, options, hedging transactions, and borrowed or loaned shares) that has been entered into as of the date of such notice by, or on behalf of, the stockholder or beneficial owner, if any, or any of their
affiliates or associates, the effect or intent of which is to mitigate loss to, manage risk or benefit of share price changes for, or increase or decrease the voting power of the stockholder or beneficial owner, if any, or any of their affiliates or
associates with respect to shares of stock of the corporation, and a representation that the stockholder or beneficial owner, if any, will notify the corporation in writing of any such agreement, arrangement or understanding in effect as of the
record date for the meeting promptly following the later of the record date or the date notice of the record date is first publicly disclosed; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;any other information relating to such stockholder and beneficial owner, if any, that would be required to be
disclosed in a proxy statement or other filings required to be made in connection with solicitations of proxies for, as applicable, the proposal and/or for the election of directors in a contested election pursuant to Section&nbsp;14 of the Exchange
Act and the rules and regulations promulgated thereunder; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii)&nbsp;the following if the notice relates to any business
other than the nomination of a director that the stockholder proposes to bring before the meeting: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;a brief
description of the business desired to be brought before the meeting, the reasons for conducting such business at the meeting, and any material interest of such stockholder or beneficial owner, if any, in such business; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) a description of all agreements, arrangements and understandings between such stockholder and beneficial owner, if any, and
any other person or persons (including their names) in connection with the proposal of such business by such stockholder; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii)&nbsp;the following as to each person whom the stockholder and beneficial owner, if any, proposes to nominate for election
or re-election as a director: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) the name, age, and business and residential addresses of such person; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) the principal occupation or employment of such person; </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) the number of shares of capital stock of the corporation beneficially owned
by such person; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) a statement that such person is willing to be named in the proxy statement as a nominee and to serve
as a director if elected; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) a statement as to whether such person, if elected, intends to comply with the procedures
established by the Corporate Governance and Nominating Committee regarding the tender of resignations to the board of directors to address majority voting; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f) such other information regarding such person that would be required to be included under the proxy solicitation rules of
the U.S. Securities and Exchange Commission had the board of directors nominated such nominee; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(g)&nbsp;an undertaking
to provide such other information as the corporation may reasonably require to determine the eligibility of such person to serve as an independent director of the corporation or that could be material to a reasonable stockholder&#146;s understanding
of the independence, or lack thereof, of such person. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;Special Meetings of Stockholders. Only such business shall be conducted at
a special meeting of stockholders as shall have been brought before the meeting of stockholders pursuant to the corporation&#146;s notice of meeting. Nominations of persons for election to the board of directors may be made at a special meeting of
stockholders only if directors are to be elected at such meeting pursuant to the corporation&#146;s notice of meeting. To be properly brought before a special meeting, nominations of persons for election to the board of directors must be
(a)&nbsp;made by or at the direction of the board of directors or (b)&nbsp;provided that the board of directors has determined that directors shall be elected at such meeting, made by any stockholder of the corporation who (x)&nbsp;is a stockholder
of record at the time of giving of notice provided for in this section 10 and at the time of the special meeting, (y)&nbsp;is entitled to vote at the meeting, and (z)&nbsp;complies with the notice procedures set forth in this section 10. Clause
(b)&nbsp;of this paragraph shall be the exclusive means for a stockholder to make nominations for director before a special meeting of stockholders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For nominations to be properly brought before a special meeting by a stockholder pursuant to clause (b)&nbsp;of the preceding paragraph, the
stockholder must have given timely notice of the nomination to the secretary of the corporation in the form required by paragraph (a)(2) of this section 10. To be timely, a stockholder&#146;s notice shall be delivered to the secretary at the
principal executive offices of the corporation not earlier than the one hundred twentieth (120th)</P>
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day prior to such special meeting and not later than the later of the ninetieth (90th)&nbsp;day prior to such special meeting and the tenth (10th)&nbsp;day following the day on which public
announcement is first made of the date of the special meeting and of the nominees proposed by the board of directors to be elected at such meeting. In no event shall the public announcement of an adjournment of a special meeting commence a new time
period for the giving of a stockholder&#146;s notice as described above. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;General. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1)&nbsp;Only such persons who are nominated in accordance with the procedures set forth in this section 10 shall be eligible
to be elected as directors at a meeting of stockholders, and only such business shall be conducted at a meeting of stockholders as shall have been brought before the meeting in accordance with the procedures set forth in this section 10. Except as
otherwise provided by law, the Certificate of Incorporation or these by-laws, the chairman of the meeting shall have the power and duty to determine whether a nomination or any business proposed to be brought before the meeting was made or proposed,
as the case may be, in accordance with the procedures set forth in this section 10 and, if any proposed nomination or business is not in compliance with this section 10, to declare that such proposed nomination or business shall be disregarded.
Nothing in this section 10 shall preclude the board of directors or the Corporate Governance and Nominating Committee either from making nominations for the election of directors or from excluding the person nominated by a stockholder from the slate
of directors presented to the meeting. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2)&nbsp;For purposes of this section 10, &#147;public announcement&#148; shall
mean disclosure in a press release reported by the PR Newswire or comparable national news service or in a document publicly filed by the corporation with the U.S. Securities and Exchange Commission pursuant to Section&nbsp;13, 14 or 15(d) of the
Exchange Act and the rules and regulations promulgated thereunder. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(3)&nbsp;Nothing in this section 10 shall be deemed to
affect any rights of (i)&nbsp;stockholders to request inclusion of proposals in the corporation&#146;s proxy statement pursuant to Rule 14a-8 under the Exchange Act or (ii)&nbsp;the holders of any series of preferred stock if and to the extent
provided for under law, the Certificate of Incorporation or these by-laws. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 11.&nbsp;<U>Election of Directors</U></B>. Except
as provided in article III, section 8 of these by-laws, each director shall be elected by the vote of the majority of the votes cast with respect to the director at any meeting for the election of directors at which a quorum is present;
</P>
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provided, however, that directors shall be elected by a plurality of the votes cast at any meeting of stockholders for which (i)&nbsp;the secretary of the corporation receives a notice that a
stockholder has nominated a person for election to the board of directors in compliance with the requirements set forth in article II, section 10 or article II, section 12, as applicable, of these by-laws and (ii)&nbsp;such nomination has not been
withdrawn by such stockholder as of a date that is ten (10)&nbsp;days in advance of the date the corporation files its definitive proxy statement with the U.S. Securities and Exchange Commission (regardless of whether or not thereafter revised or
supplemented). For purposes of this section, a majority of the votes cast means that the number of shares voted &#147;for&#148; a director must exceed the number of shares voted &#147;against&#148; that director. The Corporate Governance and
Nominating Committee has established procedures regarding the tender of resignations to the board of directors to address majority voting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 12.&nbsp;<U>Inclusion of Stockholder Director Nominations in the Corporation&#146;s Proxy Materials</U></B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Subject to the terms and conditions set forth in these by-laws, the corporation shall include in its proxy materials for an annual meeting
of stockholders the name, together with the Required Information (as defined below), of any person nominated for election (the &#147;Stockholder Nominee&#148;) to the board of directors by a stockholder or group of stockholders that satisfies the
requirements of this section 12, including qualifying as an Eligible Stockholder (as defined below), and that expressly elects at the time of providing the written notice required by this section 12 (a &#147;Proxy Access Notice&#148;) to have its
nominee included in the corporation&#146;s proxy materials pursuant to this section 12. For the purposes of this section 12: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) &#147;Voting Stock&#148; shall mean outstanding shares of capital stock of the corporation entitled to vote generally for
the election of directors; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) &#147;Constituent Holder&#148; shall mean any stockholder, collective investment fund
included within a Qualifying Fund (as defined below) or beneficial holder whose stock ownership is counted for the purposes of qualifying as holding the Proxy Access Request Required Shares (as defined below) or qualifying as an Eligible Stockholder
(as defined below); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(3) &#147;affiliate&#148; and &#147;associate&#148; shall have the meanings ascribed thereto in
Rule&nbsp;405 under the Exchange Act; provided, however, that the term &#147;partner&#148; as used in the definition of &#147;associate&#148; shall not include any limited partner that is not involved in the management of the relevant partnership;
and </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(4) a stockholder (including any Constituent Holder) shall be deemed to
&#147;own&#148; only those outstanding shares of Voting Stock as to which the stockholder itself (or such Constituent Holder itself) possesses both (a)&nbsp;the full voting and investment rights pertaining to the shares and (b)&nbsp;the full
economic interest in (including the opportunity for profit and risk of loss on) such shares. The number of shares calculated in accordance with the foregoing clauses (a)&nbsp;and (b)&nbsp;shall be deemed not to include (and to the extent any of the
following arrangements have been entered into by affiliates of the stockholder (or of any Constituent Holder), shall be reduced by) any shares (x)&nbsp;sold by such stockholder or Constituent Holder (or any of either&#146;s affiliates) in any
transaction that has not been settled or closed, including any short sale, (y)&nbsp;borrowed by such stockholder or Constituent Holder (or any of either&#146;s affiliates) for any purposes or purchased by such stockholder or Constituent Holder (or
any of either&#146;s affiliates) pursuant to an agreement to resell or (z)&nbsp;subject to any option, warrant, forward contract, swap, contract of sale, other derivative or similar agreement entered into by such stockholder or Constituent Holder
(or any of either&#146;s affiliates), whether any such instrument or agreement is to be settled with shares or with cash based on the notional amount or value of Voting Stock, in any such case which instrument or agreement has, or is intended to
have, or if exercised by either party thereto would have, the purpose or effect of (i)&nbsp;reducing in any manner, to any extent or at any time in the future, such stockholder&#146;s or Constituent Holder&#146;s (or any of either&#146;s
affiliate&#146;s) full right to vote or direct the voting of any such shares, and/or (ii)&nbsp;hedging, offsetting or altering to any degree gain or loss arising from the full economic ownership of such shares by such stockholder or Constituent
Holder (or any of either&#146;s affiliates), other than any such arrangements solely involving an exchange listed multi-industry market index fund in which Voting Stock represents at the time of entry into such arrangement less than 10% of the
proportionate value of such index. A stockholder (including any Constituent Holder) shall &#147;own&#148; shares held in the name of a nominee or other intermediary so long as the stockholder itself (or such Constituent Holder itself) retains the
right to instruct how the shares are voted with respect to the election of directors and the right to direct the disposition thereof and possesses the full economic interest in the shares. A stockholder&#146;s (including any Constituent
Holder&#146;s) ownership of shares shall be deemed to continue during any period in which such person has loaned such shares or delegated any voting power over such shares by means of a proxy, power of attorney or other instrument or arrangement
that in all such cases is revocable at any time by the stockholder. The terms &#147;owned,&#148; &#147;owning&#148; and other variations of the word &#147;own&#148; shall have correlative meanings. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) For purposes of this section 12, the &#147;Required Information&#148; that the corporation will include in its proxy statement is
(1)&nbsp;the information concerning the Stockholder Nominee and the Eligible Stockholder that the corporation determines is required to be disclosed </P>
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in the corporation&#146;s proxy statement by the regulations promulgated under the Exchange Act; and (2)&nbsp;if the Eligible Stockholder so elects, a Statement (as defined below). The
corporation shall also include the name of the Stockholder Nominee in its proxy card. For the avoidance of doubt, and any other provision of these by-laws notwithstanding, the corporation may in its sole discretion solicit against, and include in
the proxy statement its own statements or other information relating to, any Eligible Stockholder and/or Stockholder Nominee, including any information provided to the corporation with respect to the foregoing. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) To be timely, a stockholder&#146;s Proxy Access Notice must be delivered to the principal executive offices of the corporation within the
time periods applicable to stockholder notices of nominations pursuant to article II, section 10(a)(2) of these by-laws. In no event shall any adjournment or postponement of an annual meeting, the date of which has been announced by the corporation,
commence a new time period for the giving of a Proxy Access Notice. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) The number of Stockholder Nominees (including Stockholder Nominees
that were submitted by an Eligible Stockholder for inclusion in the corporation&#146;s proxy materials pursuant to this section 12 but either are subsequently withdrawn or that the board of directors decides to nominate as board of directors&#146;
nominees) appearing in the corporation&#146;s proxy materials with respect to an annual meeting of stockholders shall not exceed the greater of (x)&nbsp;two (2)&nbsp;and (y)&nbsp;the largest whole number that does not exceed 25% of the number of
directors in office as of the last day on which a Proxy Access Notice may be delivered in accordance with the procedures set forth in this section 12 (such greater number, the &#147;Permitted Number&#148;); provided, however, that the Permitted
Number shall be reduced by: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) the number of such director candidates for which the corporation shall have received one
or more valid stockholder notices nominating director candidates pursuant to article II, section 10 of these by-laws; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2)
the number of directors in office or director candidates that in either case will be included in the corporation&#146;s proxy materials with respect to such annual meeting as an unopposed (by the corporation) nominee pursuant to any agreement,
arrangement or other understanding with any stockholder or group of stockholders (other than any such agreement, arrangement or understanding entered into in connection with an acquisition of Voting Stock, by such stockholder or group of
stockholders, from the corporation), other than any such director referred to in this clause (2)&nbsp;who at the time of such annual meeting will have served as a director continuously, as a nominee of the board of directors, for at least two
(2)&nbsp;annual terms, but only to the extent the Permitted Number after such reduction with respect to this clause (2)&nbsp;equals or exceeds one (1); and </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(3) the number of directors in office that will be included in the
corporation&#146;s proxy materials with respect to such annual meeting for whom access to the corporation&#146;s proxy materials was previously provided pursuant to this section 12, other than any such director referred to in this clause
(3)&nbsp;who at the time of such annual meeting will have served as a director continuously, as a nominee of the board of directors, for at least two (2)&nbsp;annual terms; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">provided, further, in the event that, as a result of one or more vacancies, the board of directors resolves to reduce the size of the board effective on or
prior to the date of the annual meeting, the Permitted Number shall be calculated based on the number of directors in office as so reduced. In the event that the number of Stockholder Nominees submitted by Eligible Stockholders pursuant to this
section 12 exceeds the Permitted Number, each Eligible Stockholder will select one Stockholder Nominee for inclusion in the corporation&#146;s proxy materials until the Permitted Number is reached, going in order of the amount (largest to smallest)
of shares of Voting Stock each Eligible Stockholder disclosed as owned in its Proxy Access Notice submitted to the corporation. If the Permitted Number is not reached after each Eligible Stockholder has selected one Stockholder Nominee, this
selection process will continue as many times as necessary, following the same order each time, until the Permitted Number is reached. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e)
An &#147;Eligible Stockholder&#148; is one or more stockholders of record who own and have owned, or are acting on behalf of one or more beneficial owners who own and have owned (in each case as defined above), in each case continuously for at least
three (3)&nbsp;years as of both the date that the Proxy Access Notice is received by the corporation pursuant to this section 12, and as of the record date for determining stockholders eligible to vote at the annual meeting, at least three percent
(3%)&nbsp;of the aggregate voting power of the Voting Stock (the &#147;Proxy Access Request Required Shares&#148;), and who continue to own the Proxy Access Request Required Shares at all times between the date such Proxy Access Notice is received
by the corporation and the date of the applicable annual meeting, provided that the aggregate number of stockholders, and, if and to the extent that a stockholder is acting on behalf of one or more beneficial owners, of such beneficial owners, whose
stock ownership is counted for the purpose of satisfying the foregoing ownership requirement shall not exceed twenty (20). Two or more collective investment funds that are part of the same family of funds or sponsored by the same employer (a
&#147;Qualifying Fund&#148;) shall be treated as one stockholder for the purpose of determining the aggregate number of stockholders in this paragraph (e), provided that each fund included within a Qualifying Fund otherwise meets the requirements
set forth in this section 12. No shares may be attributed to more than one group constituting an Eligible Stockholder under this section 12 (and, for the avoidance of doubt, no stockholder may be a member of more than one group constituting an
Eligible Stockholder). A record holder acting on behalf of one or more beneficial owners will not be counted separately as a stockholder with respect to the shares owned by </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-11- </P>


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beneficial owners on whose behalf such record holder has been directed in writing to act, but each such beneficial owner will be counted separately, subject to the other provisions of this
paragraph (e), for purposes of determining the number of stockholders whose holdings may be considered as part of an Eligible Stockholder&#146;s holdings. For the avoidance of doubt, Proxy Access Request Required Shares will qualify as such if and
only if the beneficial owner of such shares as of the date of the Proxy Access Notice has itself individually beneficially owned such shares continuously for the three (3)-year period ending on the dates referred to above and through the date of the
applicable annual meeting (in addition to the other applicable requirements being met). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) No later than the final date when a nomination
pursuant to this section 12 may be delivered to the corporation, an Eligible Stockholder (including each Constituent Holder) must provide the following information in writing to the Secretary of the corporation: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) with respect to each Constituent Holder, the information required by article II, section 10(a)(2)(i) of these by-laws; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) one or more written statements from the record holder of the shares (and from each intermediary through which the shares
are or have been held during the requisite three (3)-year holding period) verifying that, as of a date within seven (7)&nbsp;calendar days prior to the date the Proxy Access Notice is delivered to the corporation, such person owns, and has owned
continuously for the preceding three (3)&nbsp;years, the Proxy Access Request Required Shares, and such person&#146;s agreement to provide: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) within ten (10)&nbsp;days after the record date for the annual meeting, written statements from the record holder and
intermediaries verifying such person&#146;s continuous ownership of the Proxy Access Request Required Shares through the record date, together with any additional information reasonably requested to verify such person&#146;s ownership of the Proxy
Access Request Required Shares; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) immediate notice if the Eligible Stockholder ceases to own any of the Proxy Access
Request Required Shares prior to the date of the applicable annual meeting of stockholders; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(3) a description of all
direct and indirect compensation and other material monetary agreements, arrangements and understandings during the preceding three (3)&nbsp;years, and any other material relationships, between or among the Eligible Stockholder (including any
Constituent Holder) and its or their respective affiliates and associates, or </P>
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others acting in concert therewith, on the one hand, and each of such Eligible Stockholder&#146;s Stockholder Nominee(s), and his or her respective affiliates and associates, or others acting in
concert therewith, on the other hand, including but not limited to all information that would be required to be disclosed pursuant to Rule 404 promulgated under Regulation S-K if the Eligible Stockholder (including any Constituent Holder), or any
affiliate or associate thereof or person acting in concert therewith, were the &#147;registrant&#148; for purposes of such rule and the Stockholder Nominee were a director or executive officer of such registrant; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(4) a representation that such person: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) acquired the Proxy Access Request Required Shares in the ordinary course of business and not with the intent to change or
influence control of the corporation, and does not presently have such intent; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) has not nominated and will not nominate
for election to the board of directors at the annual meeting any person other than the Stockholder Nominee(s) being nominated pursuant to this section 12; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) has not engaged and will not engage in, and has not and will not be a &#147;participant&#148; in another person&#146;s,
&#147;solicitation&#148; within the meaning of Rule 14a-1(l) under the Exchange Act in support of the election of any individual as a director at the annual meeting other than its Stockholder Nominee(s) or a nominee of the board of directors; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) will not distribute to any stockholder any form of proxy for the annual meeting other than the form distributed by the
corporation; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) will provide facts, statements and other information in all communications with the corporation and
its stockholders that are and will be true and correct in all material respects and do not and will not omit to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not
misleading, and will otherwise comply with all applicable laws, rules and regulations in connection with any actions taken pursuant to this section 12; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(5) in the case of a nomination by a group of stockholders that together constitutes an Eligible Stockholder, the designation
by all group members of one group member that is authorized to act on behalf of all members of the nominating stockholder group with respect to the nomination and matters related thereto, including withdrawal of the nomination; and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-13- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(6) an undertaking that such person agrees to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) assume all liability stemming from, and indemnify and hold harmless the corporation and each of its directors, officers and
employees individually against any liability, loss or damages in connection with any threatened or pending action, suit or proceeding, whether legal, administrative or investigative, against the corporation or any of its directors, officers or
employees arising out of any legal or regulatory violation arising out of the Eligible Stockholder&#146;s communications with the stockholders of the corporation or out of the information that the Eligible Stockholder provided to the corporation;
and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) file with the U.S. Securities and Exchange Commission any solicitation by the Eligible Stockholder of stockholders
of the corporation relating to the annual meeting at which the Stockholder Nominee will be nominated. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, no later than the
final date on which a Proxy Access Notice may be submitted under this section 12, a Qualifying Fund whose stock ownership is counted for purposes of qualifying as an Eligible Stockholder must provide to the Secretary of the corporation documentation
reasonably satisfactory to the board of directors that demonstrates that the funds included within the Qualifying Fund are either part of the same family of funds or sponsored by the same employer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In order to be considered timely, any information required by this section 12 to be provided to the corporation must be supplemented (by
delivery to the Secretary of the corporation) (1)&nbsp;no later than ten (10)&nbsp;days following the record date for the applicable annual meeting, to disclose the foregoing information as of such record date, and (2)&nbsp;no later than the fifth
day before the annual meeting, to disclose the foregoing information as of the date that is no earlier than ten (10)&nbsp;days prior to such annual meeting. For the avoidance of doubt, the requirement to update and supplement such information shall
not permit any Eligible Stockholder or other person to change or add any proposed Stockholder Nominee or be deemed to cure any defects or limit the remedies (including without limitation under these by-laws) available to the corporation relating to
any defect. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) The Eligible Stockholder may provide to the Secretary of the corporation, at the time the information required by this
section 12 is originally provided, a written statement for inclusion in the corporation&#146;s proxy statement for the annual meeting, not to exceed five </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-14- </P>


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hundred (500)&nbsp;words, in support of the candidacy of such Eligible Stockholder&#146;s Stockholder Nominee (the &#147;Statement&#148;). Notwithstanding anything to the contrary contained in
this section 12, the corporation may omit from its proxy materials any information or Statement that it, in good faith, believes: (i)&nbsp;is materially false or misleading or omits to state any material fact, (ii)&nbsp;would violate any applicable
law, regulation or listing standard, or (iii)&nbsp;directly or indirectly impugns the character, integrity or personal reputation of, or directly or indirectly makes charges concerning improper, illegal or immoral conduct or associations, without
factual foundation, with respect to any person. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h) No later than the final date when a nomination pursuant to this section 12 may be
delivered to the corporation, each Stockholder Nominee must: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(1) provide an executed agreement, in a form deemed satisfactory by the board
of directors or its designee (which form shall be provided by the corporation reasonably promptly upon written request of a stockholder), that such Stockholder Nominee: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">(a) consents to being named in the corporation&#146;s proxy statement and form of proxy card (and will not agree to be named in any other
person&#146;s proxy statement or form of proxy card) as a nominee and to serving as a director of the corporation if elected; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">(b) agrees,
if elected, to adhere to the corporation&#146;s Corporate Governance Guidelines and Principles of Conduct and any other publicly available corporation policies and guidelines applicable to directors; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">(c) is not and will not become a party to any compensatory, payment or other financial agreement, arrangement or understanding with any person
or entity in connection with his or her nomination, service or action as a director of the corporation, or any agreement, arrangement or understanding with any person or entity as to how the Stockholder Nominee would vote or act on any issue or
question as a director, in each case that has not been disclosed to the corporation; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(2) complete, sign and submit all questionnaires,
representations and agreements required by these by-laws and of the corporation&#146;s directors generally, including providing the information required by article II, section 10(a)(2)(iii) of these by-laws; and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-15- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(3) provide such additional information as necessary to permit the board of directors to
determine if such Stockholder Nominee: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">(a) is independent under the listing standards of each principal U.S. exchange upon which the
common stock of the corporation is listed, any applicable rules of the U.S. Securities and Exchange Commission and any publicly disclosed standards used by the board of directors in determining and disclosing the independence of the
corporation&#146;s directors; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">(b) has any direct or indirect relationship with the corporation other than those relationships that have
been deemed categorically immaterial pursuant to the corporation&#146;s Corporate Governance Guidelines; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">(c) would, by serving on the
board of directors, violate or cause the corporation to be in violation of these by-laws, the corporation&#146;s Certificate of Incorporation, the rules and listing standards of the principal U.S. exchange upon which the common stock of the
corporation is then listed or any applicable law, rule or regulation; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">(d) has been, is or would be subject to any event specified in
Item&nbsp;401(f) of Regulation S-K (or successor rule) of the U.S. Securities and Exchange Commission. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In the event that any information
or communications provided by the Eligible Stockholder (or any Constituent Holder) or the Stockholder Nominee to the corporation or its stockholders ceases to be true and correct in all material respects or omits a material fact necessary to make
the statements made, in light of the circumstances under which they were made, not misleading, each Eligible Stockholder or Stockholder Nominee, as the case may be, shall promptly notify the Secretary of the corporation of any defect in such
previously provided information and of the information that is required to correct any such defect; it being understood for the avoidance of doubt that providing any such notification shall not be deemed to cure any such defect or limit the remedies
(including without limitation under these by-laws) available to the corporation relating to any such defect. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) Any Stockholder Nominee
who is included in the corporation&#146;s proxy statement for a particular annual meeting of stockholders, but subsequently is determined not to satisfy the eligibility requirements of this section 12 or any other provision of the corporation&#146;s
by-laws, Certificate of Incorporation or other applicable regulation any time before the annual meeting of stockholders, will not be eligible for election at the relevant annual meeting of stockholders. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-16- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(j) The corporation shall not be required to include, pursuant to this section 12, a Stockholder
Nominee in its proxy materials for any annual meeting of stockholders, or, if the proxy statement already has been filed, to allow the nomination of a Stockholder Nominee (notwithstanding that proxies in respect of such vote may have been received
by the corporation): </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) who is not independent under the listing standards of the principal U.S. exchange upon which the
common stock of the corporation is listed, any applicable rules of the U.S. Securities and Exchange Commission and any publicly disclosed standards used by the board of directors in determining and disclosing independence of the corporation&#146;s
directors, in each case as determined by the board of directors; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) whose service as a member of the board of directors
would violate or cause the corporation to be in violation of these by-laws, the Certificate of Incorporation, the rules and listing standards of the principal U.S. exchange upon which the common stock of the corporation is traded, or any applicable
law, rule or regulation; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(3) who is or has been, within the past three (3)&nbsp;years, an officer or director of a
competitor, as defined in Section&nbsp;8 of the Clayton Antitrust Act of 1914; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(4) if the Eligible Stockholder (or any
Constituent Holder) or applicable Stockholder Nominee otherwise breaches or fails to comply in any material respect with its obligations pursuant to this section 12 or any agreement, representation or undertaking required by this section 12; or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(5) if the Eligible Stockholder ceases to be an Eligible Stockholder for any reason, including but not limited to not owning
the Proxy Access Request Required Shares through the date of the applicable annual meeting. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(k) For the purposes of the foregoing
paragraph (j), clauses (1), (2)&nbsp;and (3)&nbsp;and, to the extent related to a breach or failure by the Stockholder Nominee, clause (4), will result in the exclusion from the proxy materials pursuant to this section 12 of the specific Stockholder
Nominee to whom the ineligibility applies, or, if the proxy statement already has been filed, the ineligibility of such Stockholder Nominee to be nominated; provided, however, that clause (5)&nbsp;and, to the extent related to a breach or failure by
an Eligible Stockholder (or any Constituent Holder), clause (4), will result in the Voting Stock owned by such Eligible Stockholder (or Constituent Holder) being excluded from the Proxy Access Request Required Shares (and, if as a result the Proxy
Access Notice shall no longer have been filed by an Eligible </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-17- </P>


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Stockholder, the exclusion from the proxy materials pursuant to this section 12 of all of the applicable stockholder&#146;s Stockholder Nominees from the applicable annual meeting of stockholders
or, if the proxy statement has already been filed, the ineligibility of all of such stockholder&#146;s Stockholder Nominees to be nominated). For the avoidance of doubt, notwithstanding anything herein to the contrary, the corporation shall not be
required to include, pursuant to this section 12, a Stockholder Nominee in its proxy materials for any special meeting of stockholders. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE III </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Directors
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 1. <U>General Powers</U></B>. The business and affairs of the corporation shall be managed by or under the direction of
its board of directors.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 2.&nbsp;<U>Number, Tenure and Qualifications</U></B>. The number of directors of the
corporation shall be not less than three nor more than twenty. The exact number of directors within such range may be set from time to time by resolution of the board of directors acting by the vote of not less than a majority of the directors then
in office. No reduction in the number of directors shall have the effect of removing any director prior to the expiration of his term. Each director shall hold office for the term for which such director is elected or until a successor shall have
been chosen and shall have qualified or until such director&#146;s earlier death, resignation, retirement, disqualification or removal. <B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 3. <U>Regular Meeting</U></B>. A regular meeting of the board of directors shall be held without other notice than this by-law, on
the date of, and at the same place as, the annual meeting of stockholders. The board of directors may provide, by resolution, the time and place, either within or outside of Delaware, for the holding of additional regular meetings without other
notice than such resolution.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 4. <U>Special Meetings</U></B>. Special meetings of the board of directors may be called
by or at the request of the chairman, chief executive officer, or any two directors. The person or persons authorized to call special meetings of the board of directors may fix any place, either within or outside of Delaware, as the place for
holding any special meeting of the board of directors called by them. <B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 5.&nbsp;<U>Notice</U></B>. Notice of any special
meeting shall be given at least two days prior thereto by notice delivered personally, by mail, e-mail, facsimile or other electronic communication to each director at his business address or at such other address as he shall have previously
requested in writing. If mailed, such notice shall be deemed to be delivered when </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-18- </P>


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deposited in the United States mails in a sealed envelope so addressed, with postage thereon prepaid. If notice is given by e-mail, facsimile or other electronic transmission, such notice shall
be deemed to be delivered on the day such notice is transmitted. Neither the business to be transacted at, nor the purpose of, any regular or special meeting of the board of directors need be specified in the notice or waiver of notice of such
meeting, unless otherwise required by law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 6.&nbsp;<U>Quorum</U>.</B> A majority of the board of directors shall constitute a
quorum for the transaction of business at any meeting of the board of directors, provided that if less than a majority of the directors are present at said meeting, a majority of the directors present may adjourn the meeting from time to time
without further notice. The act of the majority of the directors present at a meeting at which a quorum is present shall be the act of the board of directors unless a greater number is required by the Certificate of Incorporation or these
by-laws.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 7.&nbsp;<U>Interested Directors</U></B>. Except as may otherwise be provided in the Certificate of
Incorporation, no contract or transaction between the corporation and one or more of its directors or officers, or between the corporation and any other corporation, partnership, association, or other organization in which one or more of its
directors or officers are directors or officers, or have a financial interest, shall be void or voidable solely for this reason, or solely because the director or officer is present at or participates in the meeting of the board or committee thereof
which authorizes the contract or transaction, or solely because his or their votes are counted for such purpose, if:<B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) The material facts as to his relationship or interest and as to the contract or transaction are disclosed or are known to
the board of directors or the committee, and the board or committee in good faith authorizes the contract or transaction by the affirmative votes of a majority of the disinterested directors, even though the disinterested directors be less than a
quorum; or </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;The material facts as to his relationship or interest and as to the contract or transaction are
disclosed or are known to the stockholders entitled to vote thereon, and the contract or transaction is specifically approved in good faith by the vote of the stockholders; or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;The contract or transaction is fair as to the corporation as of the time it is authorized, approved or ratified, by
the board of directors, a committee thereof, or the stockholders. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-19- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Common or interested directors may be counted in determining the presence of a quorum at a
meeting of the board of directors or of a committee which authorizes the contract or transaction. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION
8.&nbsp;<U>Vacancies</U></B>. If vacancies occur in the board of directors caused by death, resignation, retirement, disqualification or removal from office of any director or directors or otherwise, or if any new directorship is created by any
increase in the authorized number of directors, a majority of the directors then in office, though less than a quorum, may choose a successor or successors, or fill the newly created directorship and the directors so chosen shall hold office until
the next annual election of directors and until their successors shall be duly elected and qualified, unless sooner displaced.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 9.&nbsp;<U>Committees</U></B>. The board of directors may, by resolution passed by a majority of the whole board, designate one or
more committees, each committee to consist of one or more of the directors of the corporation.<B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;The board
may designate one or more directors as alternate members of any committee, who may replace any absent or disqualified member, at any meeting of the committee. In the absence or disqualification of a member of a committee, the member or members
thereof present at any meeting and not disqualified from voting, whether or not he or they constitute a quorum, may unanimously appoint another member of the board of directors to act at the meeting in the place of any such absent or disqualified
member. Any such committee, to the extent provided in the resolution of the board of directors, shall have and may exercise all the powers and authority of the board of directors in the management of the business and affairs of the corporation, and
may authorize the seal of the corporation to be affixed to all papers which may require it; but no such committee shall have the power or authority in reference to amending the Certificate of Incorporation, adopting an agreement of merger or
consolidation, recommending to the stockholders the sale, lease or exchange of all or substantially all of the corporation&#146;s property and assets, recommending to the stockholders a dissolution of the corporation or a revocation of a
dissolution, or amending the by-laws of the corporation; and, unless the resolution or the Certificate of Incorporation expressly so provide, no such committee shall have the power or authority to declare a dividend or to authorize the issuance of
stock. Such committee or committees shall have such name or names as may be determined from time to time by resolution adopted by the board of directors. Each committee shall keep regular minutes of its meetings and report the same to the board of
directors when required. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-20- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;<B><U>Executive Committee</U></B>. The board of directors, by resolution
adopted by a majority of the whole board, may designate two or more directors to constitute an Executive Committee and one or more directors as alternates thereof. Subject to the limitations provided in these by-laws and such further limitation as
might be required by law or by the Certificate of Incorporation or by further resolution of the board of directors, the Executive Committee may, during intervals between meetings of the board of directors, exercise the powers of the board of
directors in the management of the business and affairs of the corporation (including the corporation&#146;s dealings with its foreign subsidiaries, affiliates, and licensees) and may authorize the seal of the corporation to be affixed to all papers
which may require it. The Executive Committee shall not be empowered to take action with respect to: issuing bonds, debentures; increasing or reducing the capital of the corporation; authorizing commitments and expenditures in excess of the total
amount or amounts provided in the capital budgets approved or otherwise authorized by the board of directors; borrowing of monies, except within limits expressly approved by the board of directors; electing officers; fixing the compensation of
officers; establishment of stock option plans, profit sharing or similar types of compensation plans, filling vacancies or newly created directorships on the board of directors; removing officers or directors of the corporation; dissolution, or any
other action specifically reserved to the board of directors including all matters requiring the approval of stockholders. The Executive Committee may also from time to time formulate and recommend to the board for approval general policies
regarding management of the business and affairs of the corporation. The designation of the Executive Committee and the delegation thereto of authority shall not operate to relieve the board of directors or any member thereof of any responsibility
imposed upon it or him by operation of law. The secretary of the corporation (or in his absence a person designated by the Executive Committee) shall act as secretary at all meetings of the Executive Committee. A majority of the Executive Committee
shall constitute a quorum for the transaction of business, and the act of a majority of the directors present at a meeting at which a quorum is present shall be the act of the Executive Committee, provided that in the absence or disqualification of
any member of the Executive Committee, the member or members thereof present at any meeting and not disqualified from voting, whether or not he or they constitute a quorum, may unanimously appoint another member of the board of directors to act at
the meeting in the place of any such absent or disqualified member. Regular meetings of the Executive Committee may be held without notice at such times and at such places as shall be fixed by resolution adopted by a majority of the Executive
Committee. Special meetings may be called by any member of the Executive Committee on twenty-four hours&#146; prior written or electronic notice. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-21- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;<B><U>Compensation Committee</U></B>. The board of directors shall
appoint a Compensation Committee. The composition and duties of such committee shall be as set forth in the Compensation Committee Charter. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) <B><U>Audit Committee</U></B>. The board of directors shall appoint an Audit Committee. The composition and duties of such
committee shall be as set forth in the Audit Committee Charter. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;<B><U>Corporate Governance and Nominating
Committee</U></B>. The board of directors shall appoint a Corporate Governance and Nominating Committee. The composition and duties of such committee shall be as set forth in the Corporate Governance and Nominating Committee Charter. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f)&nbsp;<B><U>Finance Committee</U></B>. The board of directors, by resolution adopted by a majority of the whole board, may
designate two or more directors to constitute a Finance Committee and one or more directors as alternate members thereof. The duties and responsibilities of the Finance Committee shall be to review, upon the request of the chairman, the chief
executive officer or the president, management&#146;s proposals with respect to: the corporation&#146;s debt and equity financing; recommendations to the board with respect to dividend policy and payments; acquisitions and divestitures exceeding any
standing authority management has by virtue of the resolution dated December&nbsp;8, 2006, or its successors; recommendations to the board concerning the corporation&#146;s investment portfolio; the corporation&#146;s real estate investments; and
other financing and investment matters. In addition, the Finance Committee shall oversee the investment of all funds identified with the U.S. pension and welfare benefit plans including &#147;Rabbi trusts&#148; associated with deferred compensation
plans and monitor the governance and risks associated with non-U.S. employee benefit plans. In fulfilling its pension and benefits responsibilities, the Finance Committee may form and delegate authority or specific assignments to subcommittees,
whose members may be Company employees or otherwise. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 10</B>.&nbsp;<B><U>Consent in Lieu of Meeting</U></B>. Unless otherwise
restricted by the Certificate of Incorporation or these by-laws, any action required or permitted to be taken at any meeting of the board of directors or any committee thereof may be taken without a meeting if all members of the board or committee
thereof, as the case may be, consent thereto in writing or electronic transmission, and the writing or writings or electronic transmission or transmissions are filed with the minutes of the proceedings of the board or committee.<B> </B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-22- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 11. <U>Compensation</U></B>. Directors who are also full-time employees of the
corporation shall not receive any compensation for their services as directors but they may be reimbursed for reasonable expenses of attendance. By resolution of the board of directors, all other directors may receive compensation for their services
together with reimbursement of expenses of attendance, if any, at each regular or special meeting of the board of directors or any committee of the board of directors; provided, that nothing herein contained shall be construed to preclude any
director from serving the corporation in any other capacity and receiving compensation therefor.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 12.&nbsp;<U>Meeting by
Conference Telephone</U></B>. Unless otherwise restricted by the Certificate of Incorporation, members of the board of directors or any committee thereof may participate in a meeting of such board or committee by means of conference telephone or
other communication equipment by means of which all persons participating in the meeting can hear each other, and participation in a meeting pursuant hereto shall constitute presence in person at such meeting. Unless otherwise required by law, no
notice shall be required if a quorum of the board or any committee is participating.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 13. <U>Emeritus Director</U>.</B>
The board of directors may, from time to time, elect an emeritus director who shall serve at the pleasure of the board, subject to an annual review at the meeting of the board immediately preceding each annual meeting of stockholders, or until
earlier resignation or removal by the board. An emeritus director shall serve as an advisor and consultant to the board of directors and may be appointed by the board to serve as advisor and consultant to committees of the board. An emeritus
director may be invited to attend meetings of the board or any committee of the board for which he has been appointed to serve as advisor and consultant and, if present, may participate in the discussions occurring during such meetings. An emeritus
director shall not be permitted to vote on matters brought before the board or any committee thereof and shall not be counted for the purpose of determining whether a quorum of the board or the committee is present. An emeritus director shall
receive no fee for his services as an emeritus director. An emeritus director will be entitled to receive reimbursement for expenses of meeting attendance, as approved by the chairman of the board. An emeritus director may be removed at any time by
the board of directors. References in these by-laws to &#147;directors&#148; or &#147;board of directors&#148; shall not mean or include an emeritus director.<B> </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE IV </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Officers
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 1.&nbsp;<U>Elected Officers</U></B>. The elected officers of the corporation may include a chairman, chief executive
officer, president, one or more vice chairmen, one or more executive vice presidents, one or more senior vice presidents, chief financial officer and secretary. The elected officers may also include one or more vice presidents and such other
officers as may be elected in accordance with the provisions of this article. Any two or more offices may be held by the same person. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 2.&nbsp;<U>Appointed Officers</U>. </B>The appointed officers of the corporation may
include one or more vice presidents, a treasurer, chief accounting officer, corporate controller, one or more assistant treasurers, one or more assistant secretaries, and such other officers as may be appointed in accordance with the provisions of
this article. Any two or more offices may be held by the same person. <B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 3.&nbsp;<U>Election and Term of Office</U></B>.
The elected officers of the corporation shall be elected annually by the board of directors at the meeting of the board of directors that is held on the date of the annual meeting of stockholders. If the election of such officers shall not be held
at such meeting, such election shall be held as soon thereafter as conveniently may be. Vacancies may be filled or new offices created and filled at any meeting of the board of directors. Each elected officer shall hold office until his successor
shall have been duly elected and shall have qualified or until his death or until he shall resign or shall have been removed in the manner hereinafter provided. Appointed officers may be appointed from time to time by the chief executive officer or
by any other elected officer authorized by the chief executive officer. Each appointed officer may hold office until his death or termination of employment or until he shall resign or shall have been removed in the manner hereinafter provided. <B>
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 4.&nbsp;<U>Removal</U></B>. Any officer or agent elected or appointed by the board of directors may be removed by the
board of directors whenever in its judgment the best interests of the corporation would be served thereby, but such removal shall be without prejudice to the contract rights, if any, of the person so removed. Appointed officers may be removed by the
chief executive officer or other elected officer with the authority to appoint such appointed officer at any time, but such removal shall be without prejudice to the contract rights, if any, of the person so removed. <B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 5.&nbsp;<U>Vacancies</U></B>. A vacancy in any elected office because of death, resignation, removal, disqualification or
otherwise, may be filled, and new offices may be created and filled, at any time by the board of directors. <B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION
6.&nbsp;<U>Chairman</U>. </B>The chairman shall: (i)&nbsp;provide leadership to the board of directors in reviewing and advising upon matters which exert major influence on the manner in which the corporation&#146;s business is conducted;
(ii)&nbsp;preside at all meetings of the stockholders and of the board of directors; (iii)&nbsp;in the absence of the chairman of the Executive Committee, preside at all meetings of the Executive Committee; and (iv)&nbsp;perform such other duties as
may be </P>
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conferred by law or assigned by the board of directors. The chairman may sign, with the secretary or other proper officer of the corporation thereunto authorized by the board of directors, stock
certificates of the corporation, any deeds, mortgages, bonds, contracts, or other instruments, except in cases where the signing or execution thereof shall be expressly delegated by the board of directors or by these by-laws to some other officer or
agent of the corporation, or shall be required by law to be otherwise signed or executed. The chairman may also execute proxies on behalf of the corporation with respect to the voting of any shares of stock owned by the corporation; have the power
to appoint agents or employees as in the chairman&#146;s judgment may be necessary or appropriate for the transaction of the business of the corporation; and in general shall perform all duties incident to the office of chairman. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 7. <U>Chief Executive Officer</U>.</B> The chief executive officer shall in general manage, supervise and control all of the
properties, business and affairs of the corporation and shall determine and administer the policies of the corporation as established by the board of directors or by the Executive Committee. In the absence of the chairman and a lead director, the
chief executive officer shall preside at all meetings of the stockholders. In the absence of the chairman and a lead director, and if the chief executive officer is also a director, the chief executive officer shall preside at all meetings of the
board and perform the duties and exercise the authority of the chairman. In the absence of the chairman of the Executive Committee and the chairman, and if the chief executive officer is also a director, the chief executive officer shall preside at
all meetings of the Executive Committee. The chief executive officer may sign, with the secretary or other proper officer of the corporation thereunto authorized by the board, any deeds, mortgages, bonds, contracts or other instruments except in
cases where the signing or execution thereof shall be expressly delegated by the board or by these by-laws to some other officer or agent of the corporation, or shall be required by law to be otherwise signed or executed. The chief executive officer
may also execute proxies on behalf of the corporation with respect to the voting of any shares of stock owned by the corporation. The chief executive officer shall have the power to appoint agents or employees as in his judgment may be necessary or
appropriate for the transaction of the business of the corporation and in general shall perform all duties incident to the office of chief executive officer, and such other duties as may be prescribed by the board.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 8.<U>&nbsp;President</U>. </B>The president (once elected by the board of directors) shall undertake and faithfully discharge such
duties as assigned by the chief executive officer and shall administer the policies of the corporation as established by the board of directors or by the Executive Committee. In the absence of the chief executive officer, or in the event of his
inability or refusal to act, the president shall perform the duties and exercise the powers of the chief executive officer. In the absence of the chairman, lead director and chief executive officer, the president shall preside at all meetings of the
stockholders. The president may sign, with the secretary or other proper officer of the corporation thereunto authorized by the board, stock </P>
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certificates of the corporation, any deeds, mortgages, bonds, contracts or other instruments except in cases where the signing or execution thereof shall be expressly delegated by the board or by
these by-laws to some other officer or agent of the corporation, or shall be required by law to be otherwise signed or executed. The president may also execute proxies on behalf of the corporation with respect to the voting of any shares of stock
owned by the corporation. The president shall have the power to appoint agents or employees as in his judgment may be necessary or appropriate for the transaction of the business of the corporation and in general shall perform all duties incident to
the office of president, and such other duties as may be prescribed by the chief executive officer or the board. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 9. <U>Vice
Chairman</U>.</B> The vice chairman or vice chairmen shall assist the chief executive officer and the president in supervising the affairs of the corporation. In the event of the absence or disability of the president, the vice chairman shall assume
all of the duties and responsibilities of president. In the event there is more than one vice chairman, then the first elected vice chairman shall assume all the duties and responsibilities of president. The vice chairman may sign, with the
secretary or other proper officer of the corporation thereunto authorized by the board, any deeds, mortgages, bonds, contracts or other instruments, except in cases where the signing is required to be by some other officer or agent of the
corporation. The vice chairman shall perform such other duties not inconsistent with these by-laws as may be designated by the chief executive officer, president or the board.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 10. <U>Executive Vice President(s)</U></B>. The executive vice president or executive vice presidents shall perform such duties not
inconsistent with these by-laws as may be assigned to him or them by the chief executive officer, the president, a vice chairman, or the board of directors. The executive vice president(s) may sign, with the secretary or other proper officer of the
corporation thereunto authorized by the board, stock certificates of the corporation, any deeds, mortgages, bonds, contracts or other instruments, except in cases where the signing is required to be by some other officer or agent of the corporation.
In the event of the absence or disability of the vice chairman or vice chairmen, the executive vice president (or in the event there be more than one, the executive vice president determined in the order of election) shall assume all the duties and
responsibilities of vice chairman. <B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 11. <U>Senior Vice President(s)</U>.</B> The senior vice president or senior vice
presidents shall perform such duties not inconsistent with these by-laws as may be assigned to him or them by the chief executive officer, the president or the board of directors. Any senior vice president may sign, with the secretary or an
assistant secretary, stock certificates of the corporation, and any deeds, mortgages, bonds, contracts or other instruments, except in cases where the signing is required to be by some other officer or agent of the corporation. In the event of the
absence or disability of the chief executive officer, president, vice chairman or vice chairmen and the executive vice president or executive vice presidents, the senior vice president (or in the event there be more than one, the senior vice
president determined in the order of election) shall assume all the duties and responsibilities of chief executive officer. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 12.&nbsp;<U>Chief Financial Officer</U></B>. The chief financial officer shall have
general supervision over the financial affairs of the corporation. The chief financial officer shall also have such powers and perform such other duties not inconsistent with these by-laws as may be assigned to him by the chief executive officer,
the president or the board of directors. <B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 13.&nbsp;<U>Secretary</U></B>. The secretary shall: (a)&nbsp;keep the minutes
of the stockholders&#146; and the board of directors&#146; meetings in one or more books provided for that purpose; (b)&nbsp;see that all notices of the corporation are duly given in accordance with the provisions of these by-laws or as required by
law; (c)&nbsp;be custodian of the corporate records and of the seal of the corporation and shall affix the same to such documents and other papers as the board of directors or the chief executive officer or president shall authorize and direct;
(d)&nbsp;have charge of the stock certificate books, transfer books and stock ledgers and such other books and papers as the board of directors or the chief executive officer or president shall direct; (e)&nbsp;keep a register of the post office
address of each stockholder which shall be furnished to the secretary by such stockholder; (f)&nbsp;sign with the president, a vice chairman, any executive vice president or any senior vice president, stock certificates of the corporation, the issue
of which shall have been authorized by resolution of the board of directors; (g)&nbsp;have general charge of the stock transfer books of the corporation; (h)&nbsp;act as secretary at all meetings of the Executive Committee; and (i)&nbsp;in general
perform all duties incident to the office of secretary. The secretary shall also have such other powers and shall perform such other duties not inconsistent with these by-laws as may from time to time be assigned by these by-laws or the chief
executive officer, president or the board of directors.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 14.&nbsp;<U>Vice President(s)</U></B>. In general, the vice
president or vice presidents (if elected by the board of directors) shall perform such duties not inconsistent with these by-laws as may be assigned to him or them by the chief executive officer, president, a vice chairman, an executive vice
president, a senior vice president, or the board of directors.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 15.&nbsp;<U>Treasurer</U></B>. If required by the board
of directors, the treasurer shall give a bond for the faithful discharge of his duties in such sum and with such surety or sureties as the board of directors shall determine. He shall: (a)&nbsp;have charge and custody of and be responsible for all
funds and securities of the corporation; receive and give receipts for monies due and payable to the corporation from any source whatsoever, and deposit all such monies in the name of the corporation in such banks, trust companies or other
depositories as shall be selected in accordance with the provisions of article VI of these by-laws; (b)&nbsp;in general perform all duties </P>
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incident to the office of treasurer and such other duties not inconsistent with these by-laws as from time to time may be assigned to him by the chief executive officer, president, any vice
chairman, any senior vice president, any vice president designated for such purpose or the board of directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION
16.&nbsp;<U>Chief Accounting Officer</U>. </B>The chief accounting officer shall oversee the accounting and financial reporting functions of the corporation. The chief accounting officer shall perform such other duties not inconsistent with these
by-laws, incident to the office of chief accounting officer, as may be prescribed from time to time by the chief executive officer, president, chief financial officer, or the board of directors. <B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 17.&nbsp;<U>Corporate Controller(s)</U></B>. The controller or controllers shall provide guidance and evaluation with respect to
the corporation&#146;s accounting and related functions, control and procedures systems, budget programs, and coordinate same on a divisional and overall corporate level. The controller or controllers shall report to such officer or officers of the
corporation and perform such other duties not inconsistent with these by-laws, incident to the office of controller, as may be prescribed from time to time by the chief executive officer, president, chief financial officer, or the board of
directors. <B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 18. <U>Assistant Treasurers and Assistant Secretaries</U></B>. The assistant treasurers may be required to
give bonds for the faithful discharge of their duties in such sums and with such sureties as the board of directors or chief executive officer or president shall determine. The assistant treasurers and assistant secretaries, in general, shall
perform such duties not inconsistent with these by-laws as may be assigned to them by the treasurer or the secretary, respectively, or by the board of directors or the chief executive officer or president.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 19. <U>Designated Presidents, Vice Presidents and Controllers</U></B>. The chief executive officer may from time to time designate
employees of the corporation who are managing one or several groups, divisions, or other operations of the corporation as &#147;president&#148;, &#147;vice president&#148;, &#147;controller&#148; or similar title, which employees shall not be
considered to be officers of the corporation solely by reason of such appointments or titles.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION
20.&nbsp;<U>Salaries</U></B>. The salaries of the elected officers shall be fixed from time to time by the board of directors on an annual basis and no elected officer shall be prevented from receiving such salary by reason of the fact that he is
also a director of the corporation.<B> </B></P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE V </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Indemnification of Officers, </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Directors and Employees </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 1.&nbsp;<U>Non-Derivative Actions and Criminal Prosecutions</U></B>. To the fullest extent permitted by the General Corporation Law
of the State of Delaware, as the same exists or may hereafter be amended (but, in the case of any such amendment, only to the extent that such amendment permits the corporation to provide broader indemnification rights than said law permitted the
corporation to provide prior to such amendment), the corporation shall indemnify any director, officer or employee who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether
civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the fact that he is or was a director, officer, employee, trustee, fiduciary or agent of the corporation, or is or was serving
at the request of the corporation as a director, officer, employee, trustee, fiduciary or agent of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise, including service with respect to employee benefit
plans maintained or sponsored by the corporation, against expenses (including attorneys&#146; fees), judgments, fines, ERISA excise taxes or penalties and amounts paid in settlement actually and reasonably incurred by him in connection with such
action, suit or proceeding if he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe
his conduct was unlawful. The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent shall not, of itself, create a presumption that the person did not act in
good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had reasonable cause to believe that his conduct was unlawful.<B>
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 2.&nbsp;<U>Derivative Actions</U></B>. To the fullest extent permitted by the General Corporation Law of the State of
Delaware, as the same exists or may hereafter be amended (but, in the case of any such amendment, only to the extent that such amendment permits the corporation to provide broader indemnification rights than said law permitted the corporation to
provide prior to such amendment), the corporation shall indemnify any director, officer or employee who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the
corporation to procure a judgment in its favor by reason of the fact that he is or was a director, officer, employee, trustee, fiduciary or agent of the corporation, or is or was serving at the request of the corporation as a director, officer,
employee, trustee, fiduciary or agent of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise, including service with respect to employee benefit plans </P>
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maintained or sponsored by the corporation, against expenses (including attorneys&#146; fees) actually and reasonably incurred by him in connection with the defense or settlement of such action
or suit if he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the corporation and except that no indemnification shall be made in respect of any claim, issue or matter as to which such
person shall have been adjudged to be liable for negligence or misconduct in the performance of his duty to the corporation unless and only to the extent that the court in which such action or suit was brought shall determine upon application that
despite the adjudication of liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which such court shall deem proper. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 3. <U>Right to Indemnification</U></B>. To the extent that a director, officer or employee of the corporation has been successful
on the merits or otherwise in defense of any action, suit or proceeding referred to in sections 1 and 2 of this article, or in defense of any claim, issue or matter therein, he shall be indemnified by the corporation against expenses (including
attorneys&#146; fees) actually and reasonably incurred by him in connection therewith.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 4. <U>Where No
Adjudication</U></B>. Any indemnification under sections 1 and 2 of this article (unless ordered by a court) shall be made by the corporation only as authorized in the specific case upon a determination that indemnification of the director, officer
or employee is proper in the circumstances because he has met the applicable standard of conduct set forth in said sections 1 and 2. Such determination shall be made (i)&nbsp;by the board of directors by a majority vote of a quorum consisting of
directors who were not parties to such action, suit or proceeding, or (ii)&nbsp;if such a quorum is not obtainable, or, even if obtainable and a quorum of disinterested directors so directs, by independent legal counsel (compensated by the
corporation) in a written opinion, or (iii)&nbsp;by the stockholders.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 5.&nbsp;<U>Expenses</U></B>. Expenses incurred in
defending a civil or criminal action, suit or proceeding may be paid by the corporation in advance of the final disposition of such action, suit or proceeding as authorized by the board of directors in the specific case upon receipt of an
undertaking by or on behalf of the director, officer or employee to repay such amount unless it shall ultimately be determined that he is entitled to be indemnified by the corporation as authorized in this article.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 6.&nbsp;<U>Non-exclusive</U></B>. The indemnification and advancement of expenses provided by this article shall not be deemed
exclusive of any other rights to which a director, officer or employee seeking indemnification or advancement of expenses may be entitled under any by-law, agreement, vote of stockholders or disinterested directors or otherwise, both as to action in
his official capacity and as to action in another capacity while holding such office.<B> </B></P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 7.&nbsp;<U>Insurance</U></B>. The corporation may purchase and maintain insurance on
behalf of any director, officer or employee who is or was a director, officer, employee, trustee, fiduciary or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee, trustee, fiduciary or
agent of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise, including service with respect to employee benefit plans maintained or sponsored by the corporation, against any liability asserted against
him and incurred by him in any such capacity, or arising out of his status as such, whether or not the corporation would have the power to indemnify him against such liability under the provisions of this article or applicable law.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 8</B>.&nbsp;<B><U>Contractual Nature</U></B>. The duties of the corporation to indemnify and to advance expenses to a director,
officer or employee shall be in the nature of a contract between the corporation and each such person, which contractual rights vest at the time of such person&#146;s service to or at the request of the corporation. Such indemnification and
advancement rights cannot be terminated by the corporation, board of directors or the stockholders of the corporation with respect to a person&#146;s service prior to the date of such termination. The indemnification and advancement of expenses
provided by this article shall continue as to a director, officer or employee who has ceased to be a director, officer, employee, trustee, fiduciary or agent and shall inure to the benefit of the heirs, executors and administrators of such person.
No amendment or repeal of any provisions of this article shall alter, to the detriment of such person, the right of such person to the advancement of expenses or indemnification related to a claim, whether brought or threatened before or after such
amendment or repeal, based on an act or failure to act that took place prior to such amendment or repeal. Each director, officer or employee who shall act as a director, officer, employee, trustee, fiduciary or agent of the corporation shall be
deemed to be doing so in reliance upon the rights provided by this article.<B> </B></P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE VI </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Contracts, Loans, Checks and Deposits </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 1.&nbsp;<U>Contracts</U></B>. The board of directors may authorize any officer or officers, agent or agents, to enter into any
contract or execute and deliver any instrument in the name of any on behalf of the corporation, and such authority may be general or confined to specific instances.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 2.&nbsp;<U>Loans</U></B>. No loans shall be contracted on behalf of the corporation and no evidence of indebtedness shall be issued
in its name unless authorized by a resolution of the board of directors. Such authority may be general or confined to specific instances.<B> </B></P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 3.&nbsp;<U>Checks, Drafts, etc</U>.</B> All checks, drafts or other orders for the
payment of money, notes or other evidences of indebtedness issued in the name of the corporation, shall be signed by such officer or officers, agent or agents of the corporation and in such manner as shall from time to time be determined by
resolution of the board of directors.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 4.&nbsp;<U>Deposits</U></B>. All funds of the corporation not otherwise employed
shall be deposited from time to time to the credit of the corporation in such banks, trust companies or other depositaries as the board of directors may select.<B> </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE VII </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Stock
Certificates </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 1.&nbsp;<U>Stock Certificates</U></B>. The shares of capital stock of the corporation may be certificated or
uncertificated or a combination thereof. A resolution approved by a majority of the board of directors may provide that some or all of any or all classes or series of the capital stock of the corporation will be uncertificated shares. Any
certificates representing shares of stock of the corporation shall be in such form as may be determined by the board of directors, shall be numbered and shall be entered in the books of the corporation as they are issued. They shall exhibit the
holder&#146;s name and number of shares and shall be signed by the chairman, the president, any executive vice president, any senior vice president, or a vice president (if elected by the board of directors) and the treasurer or an assistant
treasurer or the secretary or an assistant secretary, and shall be sealed with the seal of the corporation. If a stock certificate is countersigned (a)&nbsp;by a transfer agent other than the corporation or its employee, or (b)&nbsp;by a registrar
other than the corporation or its employee, any other signature on the certificate may be a facsimile. In case any officer, transfer agent or registrar who has signed or whose facsimile signature has been placed upon a certificate shall have ceased
to be such officer, transfer agent or registrar before such certificate is issued, it may be issued by the corporation with the same effect as if he were such officer, transfer agent or registrar at the date of issue.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 2.&nbsp;<U>Lost Certificates</U></B>. The board of directors may from time to time make such provision as it deems appropriate for
the replacement of lost, stolen or destroyed stock certificates, including the requirement to furnish an affidavit and an indemnity.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 3.&nbsp;<U>Transfers of Stock</U></B>. Transfers of shares of capital stock of the corporation shall be made by the corporation or
the transfer agent of the corporation after receipt of a request from the record holder of such capital stock, or from an attorney lawfully constituted in writing, with proper evidence of succession, assignment or authority to transfer and, in the
case of stock represented by a certificate, upon surrender of the certificate duly endorsed or accompanied by proper evidence of succession, assignment of authority to transfer. The person in whose name shares of stock stand on the books of the
corporation shall be deemed the owner thereof for all purposes as regards the corporation. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-32- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 4.&nbsp;<U>Transfer Agents and Registrars</U></B>. The board of directors may appoint
one or more transfer agents and registrars and may thereafter require all stock certificates to bear the signature of a transfer agent and registrar.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECTION 5.&nbsp;<U>Rules of Transfer</U></B>. The board of directors shall have the power and authority to make all such rules and
regulations as they may deem expedient concerning the issue, transfer and registration of shares of stock of the corporation.<B> </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE VIII </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Fiscal
Year </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The fiscal year of the corporation shall begin on the first day of January in each year and end on the thirty-first of December
in each year. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE IX </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Dividends </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The board of
directors may from time to time, declare, and the corporation may pay, dividends on its outstanding shares of stock in the manner and upon the terms and conditions provided by law and its Certificate of Incorporation. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE X </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Seal </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The board of directors shall provide a corporate seal which shall be in the form of a circle and shall have inscribed thereon the name of the
corporation and the words &#147;Corporate Seal, Delaware&#148;. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE XI </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Waiver of Notice </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Whenever
any notice whatever is required to be given under the provisions of these by-laws or under the provisions of the Certificate of Incorporation or under the provisions of the General Corporation Law of Delaware, waiver thereof in writing or electronic
transmission, signed by the person or persons entitled to such notice, whether before or after the time stated therein, shall be deemed equivalent to the giving of such notice. Attendance of any person at a
</P>
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meeting for which any notice whatever is required to be given under the provisions of these by-laws, the Certificate of Incorporation or the General Corporation Law of Delaware shall constitute a
waiver of notice of such meeting, except when the person attends for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or convened. </P>
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