<SEC-DOCUMENT>0000950103-16-011836.txt : 20160314
<SEC-HEADER>0000950103-16-011836.hdr.sgml : 20160314
<ACCEPTANCE-DATETIME>20160314164323
ACCESSION NUMBER:		0000950103-16-011836
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160309
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160314
DATE AS OF CHANGE:		20160314

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ROPER TECHNOLOGIES INC
		CENTRAL INDEX KEY:			0000882835
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823]
		IRS NUMBER:				510263969
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12273
		FILM NUMBER:		161504362

	BUSINESS ADDRESS:	
		STREET 1:		6901 PROFESSIONAL PKWY EAST
		STREET 2:		SUITE 200
		CITY:			SARASOTA
		STATE:			FL
		ZIP:			34240
		BUSINESS PHONE:		9415562601

	MAIL ADDRESS:	
		STREET 1:		6901 PROFESSIONAL PKWY EAST
		STREET 2:		SUITE 200
		CITY:			SARASOTA
		STATE:			FL
		ZIP:			34240

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ROPER INDUSTRIES INC
		DATE OF NAME CHANGE:	20080527

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ROPER INDUSTRIES INC /DE/
		DATE OF NAME CHANGE:	19930328
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>dp64200_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON, DC 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT PURSUANT&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TO SECTION 13 OR 15(D) OF THE&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>March 9, 2016 </B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;DATE OF REPORT (DATE OF EARLIEST
EVENT REPORTED)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 20pt"><B>ROPER
TECHNOLOGIES, INC. </B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 20pt"><B></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(EXACT NAME OF REGISTRANT AS SPECIFIED IN
ITS CHARTER)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DELAWARE</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(STATE OR OTHER JURISDICTION OF INCORPORATION)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="4" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="background-color: #FEFEFE">
    <TD STYLE="width: 50%; text-align: center; border-bottom: Black 1pt solid">&nbsp;<b>1-12273</b></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; width: 50%">&nbsp;<b>51-0263969</b></td></tr>
<tr style="background-color: #FEFEFE">
    <td style="text-align: center">(COMMISSION FILE NUMBER)</td>
    <td style="text-align: center">(IRS EMPLOYER IDENTIFICATION NO.)</td></tr>
<tr style="background-color: #FEFEFE">
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="background-color: #FEFEFE">
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="background-color: #FEFEFE">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><b>6901 PROFESSIONAL PKWY. EAST, SUITE 200, SARASOTA, FLORIDA</b></td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><b>34240</b></td></tr>
<tr style="background-color: #FEFEFE">
    <td style="text-align: center">(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)</td>
    <td style="text-align: center">(ZIP CODE)</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(941) 556-2601</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(REGISTRANT'S TELEPHONE NUMBER, INCLUDING
AREA CODE)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(FORMER NAME OR ADDRESS, IF CHANGED SINCE
LAST REPORT)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 30pt">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: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 30pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">[&nbsp; ]&nbsp;Written communication pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">[&nbsp; ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">[&nbsp; ] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">[&nbsp; ] Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 5.03. Amendments to Articles of Incorporation or Bylaws;
Change in Fiscal Year.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27pt">On March 9, 2016, the
Board of Directors of Roper Technologies, Inc. (the &ldquo;Company&rdquo;) approved an amendment to the Company&rsquo;s amended
and restated by-laws (the &ldquo;By-Laws&rdquo;) to implement proxy access for eligible stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27pt">Article I, Section 1.09
was added to the By-Laws to permit a stockholder, or a group of up to 20 stockholders, that has owned at least 3% of the Company&rsquo;s
outstanding common stock continuously for at least three years to nominate and include in the Company&rsquo;s proxy materials up
to the greater of two directors and 20% of the number of the Company's directors then in office, provided that the stockholder(s)
and the nominee(s) satisfy the requirements specified in the By-Laws. The By-Laws were also amended to make certain other technical
and conforming revisions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27pt">The foregoing description
of the amendment to the Company&rsquo;s By-Laws is qualified in its entirety by reference to the full text of the Company&rsquo;s
By-Laws, a copy of which is filed as Exhibit 3.2 hereto and incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item 9.01. Financial Statements and
Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(d) <I> Exhibits</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following exhibits are filed herewith:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: bottom; background-color: white">
    <td style="width: 8%">&nbsp;</td>
    <td style="width: 3%">&nbsp;</td>
    <td style="width: 89%">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td><b>Exhibit</b></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <TD STYLE="border-bottom: Black 1pt solid"><b>Number</b></td>
    <td>&nbsp;</td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><b>Description</b></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top">&nbsp;</td></tr>
<tr style="background-color: white">
    <td style="vertical-align: top">3.2</td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top">Amended and Restated By-Laws</td></tr>
</table>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Signatures</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act
of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: bottom; background-color: white">
    <td style="width: 1%">&nbsp;</td>
    <td style="width: 9%">&nbsp;</td>
    <td style="width: 4%">&nbsp;</td>
    <td style="width: 35%"><b>Roper Technologies, Inc.</b></td>
    <td style="width: 22%">&nbsp;</td>
    <td style="width: 29%">&nbsp;</td></tr>
<tr style="background-color: white">
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: bottom">(Registrant)</td>
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: bottom">&nbsp;</td></tr>
<tr style="background-color: white">
    <td style="vertical-align: top">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td style="vertical-align: top">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="background-color: white">
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: bottom">BY: </td>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid">/s/ David B. Liner</td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: bottom">&nbsp;</td></tr>
<tr style="background-color: white">
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">David B. Liner,</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Vice President, General Counsel and Secretary&nbsp;</P></td>
    <td colspan="2" style="vertical-align: bottom"><P STYLE="margin-top: 0; margin-bottom: 0">Date: March 14, 2016&nbsp;</P></td></tr>
</table>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: bottom; background-color: white">
    <td style="width: 8%"><b>Exhibit</b></td>
    <td style="width: 3%">&nbsp;</td>
    <td style="width: 89%">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <TD STYLE="border-bottom: Black 1pt solid"><b>Number</b></td>
    <td>&nbsp;</td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><b>Description</b></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top">&nbsp;</td></tr>
<tr style="background-color: white">
    <td style="vertical-align: top">3.2</td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top">Amended and Restated By-Laws</td></tr>
</table>


<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<DOCUMENT>
<TYPE>EX-3.2
<SEQUENCE>2
<FILENAME>dp64200_ex0302.htm
<DESCRIPTION>EXHIBIT 3.2
<TEXT>
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<P STYLE="margin: 0; text-align: right"><B>EXHIBIT 3.2</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">ROPER
TECHNOLOGIES, INC. BY-LAWS</FONT></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">AMENDED
AND RESTATED AS OF MARCH 9, 2016</FONT></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>Article
1</B><BR>
Stockholder&rsquo;s Meetings</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
1.01. </B><I>Places of Meetings. </I>All meetings of stockholders shall be held at such place or places in or outside of Delaware
as the board of directors may from time to time determine or as may be designated in the notice of meeting or waiver of notice
thereof, subject to any provisions of the laws of Delaware.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
1.02. </B><I>Annual Meetings. </I>The annual meeting of the stockholders shall be held on such date as the board of directors
may determine and at the time and place as shall be decided by the board of directors and indicated in the notice of the meeting.
The board of directors shall be elected thereat and such other business transacted as may be specified in the notice of the meeting,
or as may be properly brought before the meeting. Written notice of the time and place of the annual meeting shall be given to
each stockholder entitled to vote at his address as it appears on the records of the corporation not less than the minimum nor
more than the maximum number of days permitted under the laws of Delaware prior to the scheduled date thereof, unless such notice
is waived as provided by <B>&lrm;</B>Article 8 of these By-laws.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
1.03. </B><I>Special Meetings. </I>A special meeting of stockholders may be called at any time by order of the board of directors
or the executive committee. Written notice of the time, place and specific purposes of such meetings shall be given to each stockholder
entitled to vote thereat at his address as it appears on the records of the corporation not less than the minimum nor more than
the maximum number of days prior to the scheduled date thereof permitted under the laws of Delaware, unless such notice is waived
as provided by <B>&lrm;</B>Article 8 of these By-laws.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
1.04. </B><I>Meetings without Notice. </I>Meetings of the stockholders may be held at any time without notice when all the stockholders
entitled to vote thereat are present in person or by proxy.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
1.05. </B><I>Voting. </I>At all meetings of stockholders, each stockholder entitled to vote on the record date as determined under
Section&nbsp;<B>&lrm;</B>5.03 of these By-laws or if not so determined as prescribed under the laws of Delaware shall be entitled
to such number of votes for each share of stock standing on record in his name, as shall be determined in accordance with the
provisions of <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&lrm;</B></FONT>Article 4 of the certificate of incorporation
or any amendment thereto.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
1.06. </B><I>Quorum and Action</I>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt"><B>(a)&#9;</B>At
any stockholders&rsquo; meeting, a majority of the number of shares of stock outstanding and entitled to vote thereat present
in person or by proxy shall constitute a</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">quorum. If,
however, such quorum shall not be present or represented, the chairman of the meeting, pursuant to Section&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&lrm;</B></FONT>1.09
of these By-laws, or a majority in voting interest of the stockholders present in person or by proxy may adjourn any meeting from
time to time, and the meeting may be held as adjourned without further notice, subject to such limitations as may be imposed under
the laws of Delaware.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt"><B>(b)&#9;</B>When
a quorum is present at any meeting, a majority of the voting power present in person or by proxy and entitled to vote on any question
other than the election of directors shall decide any such question brought before such meeting unless the question is one upon
which a different vote is required by express provision of the laws of Delaware, the certificate of incorporation or these By-laws,
in which case such express provision shall govern.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt"><B>(c)&#9;</B>Subject
to the rights of the holders of any series of preferred stock to elect additional directors under specific circumstances, a nominee
for director shall be elected to the board of directors if the nominee receives a majority of the votes cast with respect to that
nominee&rsquo;s election at any meeting for the election of directors at which a quorum is present; <I>provided, however, </I>that
if as of the tenth (10th) day preceding the date the corporation first mails its notice of meeting for such meeting to the stockholders
of the corporation, the number of nominees for director exceeds the number of directors to be elected (a &ldquo;<B>contested election</B>&rdquo;),
the directors shall be elected by the vote of a plurality of the shares represented in person or by proxy at any such meeting
and entitled to vote on the election of directors. For purposes of this Section&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&lrm;</B></FONT>1.06(c)
of these By-laws, a majority of the votes cast shall mean that the number of votes cast &ldquo;for&rdquo; a director&rsquo;s election
exceeds the number of votes cast &ldquo;against&rdquo; that director&rsquo;s election, with &ldquo;abstentions&rdquo; and &ldquo;broker
non votes&rdquo; not counted as a vote cast either &ldquo;for&rdquo; or &ldquo;against&rdquo; that director&rsquo;s election (but
counted for purposes of determining a quorum). If an incumbent director nominee fails to receive a majority of the votes cast
in an election that is not a contested election, the director shall immediately tender his or her resignation to the board of
directors, such resignation to become effective upon acceptance by the board of directors. The Nominating and Governance Committee
of the board of directors, or such other committee designated by the board of directors, shall make a recommendation to the board
of directors as to whether to accept or reject the resignation of such incumbent director, or whether other action should be taken.
The board of directors shall make a determination regarding whether to accept or reject such resignation, taking into account
the committee&rsquo;s recommendation, and publicly disclose (by a press release and filing an appropriate disclosure with the
Securities and Exchange Commission) its decision regarding the resignation within 90 days following certification of the election
results. The Nominating and Governance Committee (or other committee) in making its recommendation, and the board of directors
in making its decision, each may consider any factors and other information that they consider relevant and appropriate. If the
board of directors accepts a director&rsquo;s resignation pursuant to this Section&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&lrm;</B></FONT>1.06(c),
or if a nominee for director is not elected and the nominee is not an incumbent director, the remaining members of the board of
directors may fill the resulting vacancy pursuant to Section&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&lrm;</B></FONT>4.02(a)
of these By-laws, or may decrease the size of the board of directors pursuant to Section&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&lrm;</B></FONT>2.01
of these By-laws.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
1.07. </B><I>List of Stockholders. </I>At least ten days before every meeting a complete list of the stockholders entitled to
vote at the meeting, arranged in alphabetical order and showing the address of and the number of shares registered in the name
of each stockholder, shall be prepared by the secretary or the transfer agent in charge of the stock ledger of the corporation.
Such list shall be open for examination by any stockholder as required by the laws of Delaware. The stock ledger shall be the
only evidence as to who are the stockholders entitled to examine such list or the books of the corporation or to vote in person
or by proxy at such meeting.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
1.08. </B><I>Advance Notice of Stockholder Nominees for Director and Other Stockholder Proposals.</I></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt"><B>(a)&#9;</B>The
matters to be considered and brought before any annual or special meeting of stockholders of the corporation shall be limited
to only such matters, including the nomination and election of directors, as shall be brought properly before such meeting in
compliance with the procedures set forth in this Section&nbsp;<B>&lrm;</B>1.08 and Section <B>&lrm;</B>1.09, as the case may be.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt"><B>(b)&#9;</B>For
any matter to be properly brought before any annual meeting of stockholders, the matter must be (i) specified in the notice of
annual meeting given by or at the direction of the board of directors, (ii) otherwise brought before the annual meeting by or
at the direction of the board of directors, (iii) brought before the annual meeting in the manner specified in this Section&nbsp;<B>&lrm;</B>1.08(b)
by a stockholder of record entitled to vote at the annual meeting of stockholders on such matter or (iv) brought before the annual
meeting in accordance with Section&nbsp;<B>&lrm;</B>1.09. In addition to any other requirements under applicable law and the certificate
of incorporation and By-laws of the corporation, and except as provided by Section <B>&lrm;</B>1.09, persons nominated by stockholders
for election as directors of the corporation and any other proposals by stockholders shall be properly brought before the meeting
only if notice of any such matter to be presented by a stockholder at such meeting of stockholders (the &ldquo;<B>Stockholder
Notice</B>&rdquo;) shall be delivered to the secretary of the corporation at the principal executive office of the corporation
not less than ninety (90) and not more than one hundred and twenty (120) days prior to the first anniversary date of the annual
meeting for the preceding year; <I>provided, however, </I>if and only if the annual meeting is not scheduled to be held within
a period that commences 30 days before such anniversary date and ends 30 days after such anniversary date (an annual meeting date
outside such period being referred to herein as an &ldquo;<B>Other Meeting Date</B>&rdquo;), such Stockholder Notice shall be
given in the manner provided herein by the later of the close of business on (x) the date ninety days (90) prior to such Other
Meeting Date or (y) the tenth day following the date such Other Meeting Date is first publicly announced or disclosed. Any stockholder
desiring to nominate any person or persons (as the case may be) for election as a director or directors of the corporation pursuant
to this Section <B>&lrm;</B>1.08 shall deliver, as part of such Stockholder Notice, a statement in writing setting forth (1) the
name of the person or persons to be nominated, (2) the number and class of all shares of each class of stock of the corporation
owned of record and beneficially by each such person, as reported to such stockholder by such nominee(s), (3) the information
regarding each such person required by paragraphs (a), (e) and (f) of Item 401 of Regulation S-K adopted by the Securities and
Exchange</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">Commission
(or the corresponding provisions of any regulation subsequently adopted by the Securities and Exchange Commission applicable to
the corporation), (4) each such person&rsquo;s signed consent to serve as a director of the corporation if elected, (5) such stockholder&rsquo;s
name and address, (6) the number and class of all shares of each class of stock of the corporation owned of record and beneficially
by such stockholder (and any beneficial owner on whose behalf the nomination is made) and (7) a description of any agreement,
arrangement or understanding (including any derivative or short positions, profit interests, options, warrants, stock appreciation
or similar rights, hedging transactions and borrowed or loaned shares) that has been entered into by or on behalf of, or any other
agreement, arrangement or understanding that has been made, 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, such stockholder (and any beneficial owner
on whose behalf the nomination is made) with respect to the corporation&rsquo;s securities. Any stockholder who gives a Stockholder
Notice of any matter proposed to be brought before the meeting (other than to nominate a director or directors) shall deliver,
as part of such Stockholder Notice, (1) the text of the proposal to be presented, (2) a brief written statement of the reasons
why such stockholder favors the proposal and setting forth (3) such stockholder&rsquo;s name and address, (4) the number and class
of all shares of each class of stock of the corporation owned of record and beneficially by such stockholder (and any beneficial
owner on whose behalf the proposal is made), (5) a description of any agreement, arrangement or understanding (including any derivative
or short positions, profit interests, options, warrants, stock appreciation or similar rights, hedging transactions and borrowed
or loaned shares) that has been entered into by or on behalf of, or any other agreement, arrangement or understanding that has
been made, 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, such stockholder (and any beneficial owner on whose behalf the proposal is made) with respect
to the corporation&rsquo;s securities and (6) if applicable, any material interest of such stockholder and such beneficial owner
in the matter proposed (other than as a stockholder). As used herein (other than for purposes of Section <B>&lrm;</B>1.09), shares
&ldquo;beneficially owned&rdquo; shall mean all shares which such person is deemed to beneficially own pursuant to Rules 13d-3
and 13d-5 under the Securities and Exchange Act of 1934 (the &ldquo;<B>Exchange Act</B>&rdquo;). If a stockholder is entitled
to vote only for a specific class or category of directors at a meeting (annual or special), such stockholder&rsquo;s right to
nominate one or more individuals for election as a director at the meeting shall be limited to such class or category of directors.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Notwithstanding
anything in this Section&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&lrm;</FONT>1.08(b) to the contrary, in
the event that the number of directors to be elected to the board of directors of the corporation at the next annual meeting is
increased and either all of the nominees for director at the next annual meeting or the size of the increased board of directors
is not publicly announced or disclosed by the corporation at least one hundred (100) days prior to the first anniversary of the
preceding year&rsquo;s annual meeting, a Stockholder Notice shall also be considered timely under this Section <FONT STYLE="font-family: Times New Roman, Times, Serif">&lrm;</FONT>1.08,
but only with respect to nominees for any new positions created by such increase, if it shall be delivered to the secretary of
the corporation at the principal executive office of the corporation not later than the close of business on the tenth day following
the first date all of such nominees or the size of the increased board of directors shall have been publicly announced or disclosed.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt"><B>(c)&#9;</B>Except
as provided in the immediately following sentence, only such matters shall be properly brought before a special meeting of stockholders
as shall have been brought before the meeting pursuant to the corporation&rsquo;s notice of meeting. In the event the corporation
calls a special meeting of stockholders for the purpose of electing one or more directors to the board of directors, any stockholder
may nominate a person or persons (as the case may be), for election to such position(s) as specified in the corporation&rsquo;s
notice of meeting, if the Stockholder Notice required by Section&nbsp;<B>&lrm;</B>1.08(b) hereof shall be delivered to the secretary
of the corporation at the principal executive office of the corporation not later than the close of business on the tenth day
following the day on which the date of the special meeting and either the names of the nominees proposed by the board of directors
to be elected at such meeting or the number of directors to be elected is publicly announced or disclosed.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt"><B>(d)&#9;</B>For
purposes of this Section&nbsp;<B>&lrm;</B>1.08, a matter shall be deemed to have been &ldquo;publicly announced or disclosed&rdquo;
if such matter is disclosed in a press release reported by the Dow Jones News Service, Associated Press or comparable national
news or wire service or in a document publicly filed by the corporation with the Securities and Exchange Commission.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt"><B>(e)&#9;</B>In
no event shall the adjournment of an annual meeting or special meeting or the postponement of any meeting that does not require
a change in the record date for such meeting, or any announcement thereof, commence a new period for the giving notice as provided
in this Section&nbsp;<B>&lrm;</B>1.08. This Section&nbsp;<B>&lrm;</B>1.08 shall not apply to (i) shareholders proposals made pursuant
to and in compliance with Rule 14a-8 under the Exchange Act, (ii) the election of directors selected by or pursuant to the provisions
of <B>&lrm;</B>Article 4 of the certificate of incorporation relating to the rights of the holders of any class or series of stock
of the corporation having a preference over the common stock as to dividends or upon liquidation to elect directors under specified
circumstances or (iii) any director nomination pursuant to Section <B>&lrm;</B>1.09.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt"><B>(f)&#9;</B>The
person presiding at any meeting of stockholders, in addition to making any other determinations that may be appropriate to the
conduct of the meeting, shall have the power and duty to determine whether notice of nominees and other matters proposed to be
brought before a meeting has been duly given in the manner provided in this Section&nbsp;<B>&lrm;</B>1.08 and, if not so given,
shall direct and declare at the meeting that such nominees and other matters are out of order and shall not be considered.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
1.09. </B><I>Nominations of Directors Included in the Corporation&rsquo;s Proxy Materials</I>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt"><B>(a)&#9;</B><U>Inclusion
of Stockholder Nominee in Proxy Statement</U>. Subject to the provisions of this Section&nbsp;<B>&lrm;</B>1.09, if expressly requested
in the relevant Nomination Notice (as defined below), the corporation shall include in its proxy statement for any annual meeting
of stockholders (but not at any special meeting of stockholders): (i) the name of any person nominated for election (the &ldquo;<B>Stockholder
Nominee</B>&rdquo;), which shall also be included on the corporation&rsquo;s form of proxy and ballot, by any Eligible Stockholder
(as defined below) or group of up to 20 Eligible Stockholders that, as determined by the</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">board of directors
or its designee acting in good faith, has (individually and collectively, in the case of a group) satisfied all applicable conditions
and complied with all applicable procedures set forth in this Section&nbsp;<B>&lrm;</B>1.09 (such Eligible Stockholder or group
of Eligible Stockholders being a &ldquo;<B>Nominating Stockholder</B>&rdquo;); (ii) disclosure about the Stockholder Nominee and
the Nominating Stockholder required under the rules of the Securities and Exchange Commission or other applicable law to be included
in the proxy statement; (iii) any statement included by the Nominating Stockholder in the Nomination Notice for inclusion in the
proxy statement in support of the Stockholder Nominee&rsquo;s election to the board of directors (subject, without limitation,
to Section <B>&lrm;</B>1.09(e)(ii)), provided that such statement does not exceed 500 words; and (iv) any other information that
the corporation or the board of directors determines, in their discretion, to include in the proxy statement relating to the nomination
of the Stockholder Nominee, including, without limitation, any statement in opposition to the nomination and any of the information
provided pursuant to this Section 1.09.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 10pt"><B>(b)</B></FONT></TD><TD><FONT STYLE="font-size: 10pt"><U>Maximum Number of
Stockholder Nominees</U>.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">(i)&#9;The
corporation shall not be required to include in the proxy statement for an annual meeting of stockholders more Stockholder Nominees
than that number of directors constituting 20% of the total number of directors of the corporation on the last day on which a
Nomination Notice may be submitted pursuant to this Section&nbsp;<B><I>&lrm;</I></B>1.09 (rounded down to the nearest whole number),
but, in any event, not fewer than two (the &ldquo;<B>Maximum Number</B>&rdquo;). The Maximum Number for a particular annual meeting
shall be reduced by: (1) Stockholder Nominees whose nominations are subsequently withdrawn; (2) Stockholder Nominees who the board
of directors itself decides to nominate for election at such annual meeting and (3) the number of incumbent directors who had
been Stockholder Nominees at any of the preceding two annual meetings of stockholders and whose reelection at the upcoming annual
meeting of stockholders is being recommended by the board of directors. In the event that one or more vacancies for any reason
occurs on the board of directors after the deadline set forth in Section 1.09(d) but before the date of the annual meeting of
stockholders and the board of directors resolves to reduce the size of the board in connection therewith, the Maximum Number shall
be calculated based on the number of directors in office as so reduced.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">(ii)&#9;If
the number of Stockholder Nominees pursuant to this Section&nbsp;<B><I>&lrm;</I></B>1.09 for any annual meeting of stockholders
exceeds the Maximum Number then, promptly upon notice from the corporation, each Nominating Stockholder will select one Stockholder
Nominee for inclusion in the proxy statement until the Maximum Number is reached, going in order of the amount (largest to smallest)
of shares of the corporation&rsquo;s common stock that each Nominating Stockholder disclosed as owned in its Nomination Notice,
with the process repeated if the Maximum Number is not reached after each Nominating Stockholder has selected one Stockholder
Nominee. If, after the deadline for submitting a Nomination Notice as set forth in Section&nbsp;<B><I>&lrm;</I></B>1.09(d), a
Nominating Stockholder becomes ineligible or withdraws its nomination or a Stockholder</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in"><FONT STYLE="font-size: 10pt">Nominee
becomes ineligible or unwilling to serve on the board of directors, whether before or after the mailing of the definitive proxy
statement, then the corporation: (1) shall not be required to include in its proxy statement or on any ballot or form of proxy
the Stockholder Nominee or any successor or replacement nominee proposed by the Nominating Stockholder or by any other Nominating
Stockholder and (2) may otherwise communicate to its stockholders, including without limitation by amending or supplementing its
proxy statement or ballot or form of proxy, that the Stockholder Nominee will not be included as a Stockholder Nominee in the
proxy statement or on any ballot or form of proxy and will not be voted on at the annual meeting of stockholders.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 10pt"><B>(c)</B></FONT></TD><TD><FONT STYLE="font-size: 10pt"><U>Eligibility of Nominating
Stockholder</U>.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">(i)&#9;An
&ldquo;<B>Eligible Stockholder</B>&rdquo; is a person who has either (1) been a record holder of the shares of common stock of
the corporation used to satisfy the eligibility requirements in this Section <B><I>&lrm;</I></B>1.09(c) continuously for the three-year
period specified in subsection (c)(ii) of this Section&nbsp;<B><I>&lrm;</I></B>1.09 below or (2) provides to the secretary of
the corporation, within the time period referred to in Section &nbsp;<B><I>&lrm;</I></B>1.09(d), evidence of continuous ownership
of such shares for such three-year period from one or more securities intermediaries in a form that the board of directors or
its designee, acting in good faith, determines acceptable.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">(ii)&#9;An
Eligible Stockholder or group of up to 20 Eligible Stockholders may submit a nomination in accordance with this Section&nbsp;<B><I>&lrm;</I></B>1.09
only if the person or group (in the aggregate) has continuously owned at least the Minimum Number (as defined below) (as adjusted
for any stock splits, reverse stock splits, stock dividends or similar events) of shares of the corporation&rsquo;s common stock
throughout the three-year period preceding and including the date of submission of the Nomination Notice, and continues to own
at least the Minimum Number of shares through the date of the annual meeting of stockholders. The following shall be treated as
one Eligible Stockholder if such Eligible Stockholder shall provide together with the Nomination Notice documentation satisfactory
to the board of directors or its designee, acting in good faith, that demonstrates compliance with the following criteria: (1)
funds under common management and investment control; (2) funds under common management and funded primarily by the same employer;
or (3) a &ldquo;family of investment companies&rdquo; or a &ldquo;group of investment companies&rdquo; (each as defined in the
Investment Company Act of 1940, as amended). For the avoidance of doubt, in the event of a nomination by a Nominating Stockholder
that includes more than one Eligible Stockholder, any and all requirements and obligations for a given Eligible Stockholder or,
except as the context otherwise makes clear, the Nominating Stockholder that are set forth in this Section&nbsp;<B><I>&lrm;</I></B>1.09,
including the minimum holding period, shall apply to each member of such group; provided, however, that the Minimum Number shall
apply to the aggregate ownership of the group of Eligible Stockholders constituting the Nominating Stockholder. Should any Eligible
Stockholder withdraw from a group of Eligible Stockholders constituting a Nominating Stockholder at any time prior to the annual
meeting of stockholders, the Nominating Stockholder shall be</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in"><FONT STYLE="font-size: 10pt">deemed
to own only the shares held by the remaining Eligible Stockholders. As used in this Section&nbsp;<B><I>&lrm;</I></B>1.09, any
reference to a &ldquo;group&rdquo; or &ldquo;group of Eligible Stockholders&rdquo; refers to any Nominating Stockholder that consists
of more than one Eligible Stockholder and to all the Eligible Stockholders that make up such Nominating Stockholder.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">(iii)&#9;The
&ldquo;<B>Minimum Number</B>&rdquo; of shares of the corporation&rsquo;s common stock means 3% of the number of outstanding shares
of common stock of the corporation as of the most recent date for which such amount is given in any filing by the corporation
with the Securities and Exchange Commission prior to the submission of the Nomination Notice.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">(iv)&#9;For
purposes of this Section&nbsp;<B><I>&lrm;</I></B>1.09, an Eligible Stockholder &ldquo;<B>owns</B>&rdquo; only those outstanding
shares of the corporation&rsquo;s common stock as to which such Eligible Stockholder possesses both: (1) the full voting and investment
rights pertaining to such shares and (2) the full economic interest in (including the opportunity for profit from and the risk
of loss on) such shares; provided that the number of shares calculated in accordance with clauses (1) and (2) shall not include
any shares (x) sold by such Eligible Stockholder or any of its affiliates in any transaction that has not been settled or closed,
(y) borrowed by such Eligible Stockholder or any of its affiliates for any purpose or purchased by such Eligible Stockholder or
any of its affiliates pursuant to an agreement to resell, or (z) subject to any option, warrant, forward contract, swap, contract
of sale, other derivative or similar agreement entered into by such Eligible Stockholder or any of its affiliates, whether any
such instrument or agreement is to be settled with shares or with cash based on the notional amount or value of outstanding capital
stock of corporation, in any such case which instrument or agreement has, or is intended to have, the purpose or effect of: (x)
reducing in any manner, to any extent or at any time in the future, such Eligible Stockholder&rsquo;s or any of its affiliates&rsquo;
full right to vote or direct the voting of any such shares, and/or (y) hedging, offsetting, or altering to any degree any gain
or loss arising from the full economic ownership of such shares by such Eligible Stockholder or any of its affiliates. An Eligible
Stockholder &ldquo;owns&rdquo; shares held in the name of a nominee or other intermediary so long as the Eligible Stockholder
retains the right to instruct how the shares are voted with respect to the election of directors and possesses the full economic
interest in the shares. An Eligible Stockholder&rsquo;s ownership of shares shall be deemed to continue during any period in which
the Eligible Stockholder has delegated any voting power by means of a proxy, power of attorney, or other similar instrument or
arrangement that is revocable at any time by the Eligible Stockholder. An Eligible Stockholder&rsquo;s ownership of shares shall
be deemed to continue during any period in which the Eligible Stockholder has loaned such shares provided that the Eligible Stockholder
has the power to recall such loaned shares on not more than five business days&rsquo; notice. The terms &ldquo;owned,&rdquo; &ldquo;owning&rdquo;
and other variations of the word &ldquo;own&rdquo; shall have correlative meanings. Whether outstanding shares of the corporation
are &ldquo;owned&rdquo; for these purposes shall be determined by the board of directors or its designee acting in good faith.
For purposes of this Section <I>&lrm;</I>1.09(c)(iv), the term &ldquo;affiliate&rdquo; or</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in"><FONT STYLE="font-size: 10pt">&ldquo;affiliates&rdquo;
shall have the meaning ascribed thereto under the General Rules and Regulations under the Exchange Act.</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">(v)&#9;No
Eligible Stockholder shall be permitted to be in more than one group constituting a Nominating Stockholder, and if any Eligible
Stockholder appears as a member of more than one group, such Eligible Stockholder shall be deemed to be a member of only the group
that has the largest ownership position as reflected in the Nomination Notice.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt"><B>(d)&#9;</B><U>Nomination
Notice.</U> To nominate a Stockholder Nominee pursuant to this Section&nbsp;<B>&lrm;</B>1.09, the Nominating Stockholder must
submit to the secretary of the corporation all of the following information and documents in a form that the board of directors
or its designee, acting in good faith, determines acceptable (collectively, the &ldquo;<B>Nomination Notice</B>&rdquo;), not less
than 120 days nor more than 150 days prior to the anniversary of the date that the corporation mailed its proxy statement for
the prior year&rsquo;s annual meeting of stockholders; provided, however, that if (and only if) the annual meeting of stockholders
is scheduled for an Other Meeting Date, the Nomination Notice shall be given in the manner provided herein by the later of the
close of business on the date that is 180 days prior to such Other Meeting Date or the tenth day following the date such Other
Meeting Date is first publicly announced or disclosed (in no event shall the adjournment or postponement of an annual meeting,
or the announcement thereof, commence a new time period (or extend any time period) for the giving of the Nomination Notice):</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">(i)&#9;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-year holding period) verifying that, as of a date within seven (7) calendar days prior to
the date of the Nomination Notice, the Nominating Stockholder owns, and has continuously owned for the preceding three (3) years,
the Minimum Number of shares, and the Nominating Stockholder&rsquo;s agreement to provide, within five (5) business days after
the record date for the annual meeting, written statements from the record holder and intermediaries verifying the Nominating
Stockholder&rsquo;s continuous ownership of the Minimum Number of shares through the record date;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">(ii)&#9;an
agreement to provide immediate notice if the Nominating Stockholder ceases to own the Minimum Number of shares at any time prior
to the date of the annual meeting;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">(iii)&#9;a
copy of the Schedule 14N (or any successor form) relating to the Stockholder Nominee, completed and filed with the Securities
and Exchange Commission by the Nominating Stockholder as applicable, in accordance with Securities and Exchange Commission rules;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">(iv)&#9;the
written consent of each Stockholder Nominee to being named in the corporation&rsquo;s proxy statement, form of proxy and ballot
as a nominee and to serving as a director if elected;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">(v)&#9;a
written notice of the nomination of such Stockholder Nominee that includes the following additional information, agreements, representations
and warranties by the Nominating Stockholder (including, for the avoidance of doubt, each group member in the case of a Nominating
Stockholder consisting of a group of Eligible Stockholders): (1) the information that would be required to be set forth in a stockholder&rsquo;s
notice of nomination pursuant to Section&nbsp;<B><I>&lrm;</I></B>1.08; (2) the details of any relationship that existed within
the past three years and that would have been described pursuant to Item 6(e) of Schedule 14N (or any successor item) if it existed
on the date of submission of the Schedule 14N; (3) a representation and warranty that the Nominating Stockholder did not acquire,
and is not holding, securities of the corporation for the purpose or with the effect of influencing or changing control of the
corporation; (4) a representation and warranty that the Nominating Stockholder has not nominated and will not nominate for election
to the board of directors at the annual meeting any person other than such Nominating Stockholder&rsquo;s Stockholder Nominee(s);
(5) a representation and warranty that the Nominating Stockholder has not engaged in and will not engage in a &ldquo;solicitation&rdquo;
within the meaning of Rule 14a-1(l) under the Exchange Act (without reference to the exception in Section 14a-(l)(2)(iv)) with
respect to the annual meeting, other than with respect to such Nominating Stockholder&rsquo;s Stockholder Nominee(s) or any nominee
of the board of directors); (6) a representation and warranty that the Nominating Stockholder will not use any proxy card other
than the corporation&rsquo;s proxy card in soliciting stockholders in connection with the election of a Stockholder Nominee at
the annual meeting; (7) a representation and warranty that the Stockholder Nominee&rsquo;s candidacy or, if elected, board membership
would not violate applicable state or federal law or the rules of any stock exchange on which the corporation&rsquo;s securities
are traded (the &ldquo;<B>Stock Exchange Rules</B>&rdquo;); (8) a representation and warranty that the Stockholder Nominee: (A)
does not have any direct or indirect relationship with the corporation that will cause the Stockholder Nominee to be deemed not
independent pursuant to the corporation&rsquo;s Corporate Governance Guidelines and Director Independence Standards and otherwise
qualifies as independent under the corporation&rsquo;s Corporate Governance Guidelines, Director Independence Standards and the
Stock Exchange Rules; (B) meets the audit committee and compensation committee independence requirements under the Stock Exchange
Rules; (C) is a &ldquo;non-employee director&rdquo; for the purposes of Rule 16b-3 under the Exchange Act (or any successor rule);
(D) is an &ldquo;outside director&rdquo; for the purposes of Section 162(m) of the Internal Revenue Code (or any successor provision);
(E) is not and has not been subject to any event specified in Rule 506(d)(1) of Regulation D (or any successor rule) under the
Securities Act of 1933 or Item 401(f) of Regulation S-K (or any successor rule) under the Exchange Act, without reference to whether
the event is material to an evaluation of the ability or integrity of the Stockholder Nominee; and (F) meets the director qualifications
set forth in the corporation&rsquo;s Corporate Governance Guidelines; (9) a representation and warranty that the Nominating Stockholder
satisfies the eligibility requirements set forth in Section 1.09(c); (10) a representation and warranty that the Nominating Stockholder
will continue to satisfy the eligibility</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in"><FONT STYLE="font-size: 10pt">requirements
described in Section 1.09(c) through the date of the annual meeting; (11) details of any position of the Stockholder Nominee as
an officer or director of any competitor (that is, any entity that produces products or provides services that compete with or
are alternatives to the principal products produced or services provided by the corporation or its affiliates) of the corporation,
within the three years preceding the submission of the Nomination Notice; (12) if desired, a statement for inclusion in the proxy
statement in support of the Stockholder Nominee&rsquo;s election to the board of directors, provided that such statement shall
not exceed 500 words and shall fully comply with Section 14 of the Exchange Act and the rules and regulations thereunder; and
(13) in the case of a nomination by a Nominating Stockholder comprised of a group, the designation by all Eligible Stockholders
in such group of one Eligible Stockholder that is authorized to act on behalf of the Nominating Stockholder with respect to matters
relating to the nomination, including withdrawal of the nomination;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">(vi)&#9;an
executed agreement pursuant to which the Nominating Stockholder (including in the case of a group, each Eligible Stockholder in
that group) agrees: (1) to comply with all applicable laws, rules and regulations in connection with the nomination, solicitation
and election; (2) to file any written solicitation or other communication with the corporation&rsquo;s stockholders relating to
one or more of the corporation&rsquo;s directors or director nominees or any Stockholder Nominee with the Securities and Exchange
Commission, regardless of whether any such filing is required under any rule or regulation or whether any exemption from filing
is available for such materials under any rule or regulation; (3) to assume all liability stemming from an action, suit or proceeding
concerning any actual or alleged legal or regulatory violation arising out of any communication by the Nominating Stockholder
or the Stockholder Nominee nominated by such Nominating Stockholder with the corporation, its stockholders or any other person
in connection with the nomination or election of directors, including, without limitation, the Nomination Notice; (4) to indemnify
and hold harmless (jointly with all other Eligible Stockholders, in the case of a group of Eligible Stockholders) the corporation
and each of its directors, officers and employees individually against any liability, loss, damages, expenses or other costs (including
attorneys&rsquo; fees) incurred 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 or relating to a failure
or alleged failure of the Nominating Stockholder or Stockholder Nominee to comply with, or any breach or alleged breach of, its,
or his or her, as applicable, obligations, agreements or representations under this Section&nbsp;<B><I>&lrm;</I></B>1.09; (5)
in the event that any information included in the Nomination Notice, or any other communication by the Nominating Stockholder
(including with respect to any Eligible Stockholder included in a group) with the corporation, its stockholders or any other person
in connection with the nomination or election ceases to be true and accurate in all material respects (or due to a subsequent
development omits a material fact necessary to make the statements made not misleading), to promptly (and in any event within
48 hours of discovering such misstatement or omission) notify the corporation and any</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in"><FONT STYLE="font-size: 10pt">other
recipient of such communication of the misstatement or omission in such previously provided information and of the information
that is required to correct the misstatement or omission; and (6) in the event that the Nominating Stockholder (including any
Eligible Stockholder included in a group) has failed to continue to satisfy the eligibility requirements described in Section&nbsp;1.09(c),
to promptly notify the corporation; and</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">(vii)&#9;an
executed agreement by the Stockholder Nominee: (1) to provide to the corporation such other information, including completion
of the corporation&rsquo;s director nominee questionnaire, as the board of directors or its designee, acting in good faith, may
request; (2) that the Stockholder Nominee has read and agrees, if elected, to serve as a member of the board of directors, to
adhere to the corporation&rsquo;s Corporate Governance Guidelines, Business Code of Ethics and Standards of Conduct and any other
corporation policies and guidelines applicable to directors; and (3) that the Stockholder Nominee is not and will not become a
party to (A) any compensatory, payment or other financial agreement, arrangement or understanding with any person or entity in
connection with such person&rsquo;s nomination, candidacy, service or action as director of the corporation that has not been
fully disclosed to the corporation prior to or concurrently with the Nominating Stockholder&rsquo;s submission of the Nomination
Notice, (B) 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 (a &ldquo;<B>Voting Commitment</B>&rdquo;) that has not been fully disclosed to
the corporation prior to or concurrently with the Nominating Stockholder&rsquo;s submission of the Nomination Notice or (C) any
Voting Commitment that could limit or interfere with the Stockholder Nominee&rsquo;s ability to comply, if elected as a director
of the corporation, with his or her fiduciary duties under applicable law.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The information
and documents required by this Section&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&lrm;</FONT>1.09(d) shall
be (i) provided with respect to and executed by each Eligible Stockholder in the group in the case of a Nominating Stockholder
comprised of a group of Eligible Stockholders; and (ii) provided with respect to the persons specified in Instructions 1 and 2
to Items 6(c) and (d) of Schedule 14N (or any successor item) (x) in the case of a Nominating Stockholder that is an entity and
(y) in the case of a Nominating Stockholder that is a group that includes one or more Eligible Stockholders that are entities.
The Nomination Notice shall be deemed submitted on the date on which all of the information and documents referred to in this
Section <FONT STYLE="font-family: Times New Roman, Times, Serif">&lrm;</FONT>1.09(d) (other than such information and documents
contemplated to be provided after the date the Nomination Notice is provided) have been delivered to or, if sent by mail, received
by the secretary of the corporation.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 10pt"><B>(e)</B></FONT></TD><TD><FONT STYLE="font-size: 10pt"><U>Exceptions</U>.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">(i)&#9;Notwithstanding
anything to the contrary contained in this Section&nbsp;<B><I>&lrm;</I></B>1.09, the corporation may omit from its proxy statement
any Stockholder Nominee and any information concerning such Stockholder Nominee (including a Nominating Stockholder&rsquo;s statement
in support) and no vote on such Stockholder Nominee will occur (notwithstanding that proxies in respect of such vote may</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in"><FONT STYLE="font-size: 10pt">have
been received by the corporation), and the Nominating Stockholder may not, after the last day on which a Nomination Notice would
be timely, cure in any way any defect preventing the nomination of the Stockholder Nominee, if: (1) the corporation receives a
notice that a stockholder intends to nominate a candidate for director at the annual meeting pursuant to the advance notice requirements
set forth in Section 1.08 without such stockholder&rsquo;s notice expressly electing to have such director candidate(s) included
in the corporation&rsquo;s proxy statement pursuant to this Section&nbsp;<B><I>&lrm;</I></B>1.09; (2) the Nominating Stockholder
(or, in the case of a Nominating Stockholder consisting of a group of Eligible Stockholders, the Eligible Stockholder that is
authorized to act on behalf of the Nominating Stockholder), or any qualified representative thereof, does not appear at the annual
meeting to present the nomination submitted pursuant to this Section&nbsp;<B><I>&lrm;</I></B>1.09 or the Nominating Stockholder
withdraws its nomination; (3) the board of directors or its designee, acting in good faith, determines that such Stockholder Nominee&rsquo;s
nomination or election to the board of directors would result in the corporation violating or failing to be in compliance with
these By-laws or the certificate of incorporation or any applicable law, rule or regulation to which the corporation is subject,
including the Stock Exchange Rules; (4) the Stockholder Nominee was nominated for election to the Board of Directors pursuant
to this Section&nbsp;<B><I>&lrm;</I></B>1.09 at one of the corporation&rsquo;s two preceding annual meetings of stockholders and
either withdrew from or became ineligible or unavailable for election at such annual meeting or received a vote of less than 25%
of the shares of common stock entitled to vote for such Stockholder Nominee; (5) the Stockholder Nominee has been, within the
past three years, an officer or director of a competitor, as defined for purposes of Section 8 of the Clayton Antitrust Act of
1914, as amended; or (6) the corporation is notified, or the board of directors or its designee acting in good faith determines,
that a Nominating Stockholder has failed to continue to satisfy the eligibility requirements described in Section 1.09(c), any
of the representations and warranties made in the Nomination Notice ceases to be true and accurate in all material respects (or
omits a material fact necessary to make the statement made not misleading), the Stockholder Nominee becomes unwilling or unable
to serve on the board of directors or any material violation or breach occurs of any of the obligations, agreements, representations
or warranties of the Nominating Stockholder or the Stockholder Nominee under this Section&nbsp;<B><I>&lrm;</I></B>1.09.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">(ii)&#9;Notwithstanding
anything to the contrary contained in this Section&nbsp;<B><I>&lrm;</I></B>1.09, the corporation may omit from its proxy statement,
or may supplement or correct, any information, including all or any portion of the statement in support of the Stockholder Nominee
included in the Nomination Notice, if the board of directors or its designee in good faith determines that: (1) such information
is not true in all material respects or omits a material statement necessary to make the statements made not misleading; (2) such
information 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 individual,
corporation, partnership, association or other entity, organization or</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in"><FONT STYLE="font-size: 10pt">governmental
authority; (3) the inclusion of such information in the proxy statement would otherwise violate the Securities and Exchange Commission
proxy rules or any other applicable law, rule or regulation or (4) the inclusion of such information in the proxy statement would
impose a material risk of liability upon the corporation.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The corporation
may solicit against, and include in the proxy statement its own statement relating to, any Stockholder Nominee.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
1.10. </B><I>Conduct of Meetings. </I>The board of directors may adopt by resolution such rules, regulations and procedures for
the conduct of meetings of stockholders as it shall deem appropriate. Except to the extent inconsistent with applicable law and
such rules and regulations adopted by the board of directors, the chairman of each meeting of stockholders shall have the right
and authority to prescribe such rules, regulations and procedures and to do all such acts, including causing an adjournment of
such meeting, as, in the judgment of such chairman, are appropriate. Such rules, regulations or procedures, whether adopted by
the board of directors or prescribed by the chairman of the meeting, may include, without limitation, the following: (a) the establishment
of an agenda or order of business for the meeting, including fixing the time for opening and closing the polls for voting on each
matter; (b) rules and procedures for maintaining order at the meeting and the safety of those present; (c) limitations on attendance
at or participation in the meeting to stockholders of record of the corporation, their duly authorized and constituted proxies
or such other persons as the chairman shall permit; (d) restrictions on entry to the meeting after the time fixed for the commencement
thereof; and (e) limitations on the time allotted to questions or comments by participants. Unless, and to the extent determined
by the board of directors or the chairman of the meeting, meetings of stockholders shall not be required to be held in accordance
with rules of parliamentary procedure.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
1.11. </B><I>Organization of Meetings. </I>Meetings of stockholders shall be presided over by the chairman of the board of directors,
or in his or her absence by the president, or in the absence of the foregoing persons by a chairman designated by the board of
directors, or, in the absence of any such designation, by a chairman chosen at the meeting. The secretary, or in the absence of
the secretary, an assistant secretary, shall act as the secretary of the meeting, but in the absence of the secretary or assistant
secretary, the chairman of the meeting may appoint any person to act as secretary of the meeting.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>Article
2</B><BR>
Board of Directors</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
2.01. </B><I>Number and Qualification. </I>Subject to the rights of the holders of any series of preferred stock then outstanding,
members of the board of directors shall be elected at each annual meeting of stockholders, in accordance with and subject to the
provisions of the certificate of incorporation. Each director so elected shall serve until the election and qualification of his
successor or until his earlier resignation or removal as provided in these By-laws. The initial number of directors shall be such
as may be determined by the incorporators unless the initial directors are named in the certificate of</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">incorporation,
and thereafter the number of directors shall be such as may be determined, subject to the rights of the holders of any series
of preferred stock then outstanding, from time to time by the affirmative vote of the majority of the members of the board of
directors, but in no event shall the number be less than the minimum authorized under the laws of Delaware. In case of any increase
in the number of directors between elections by the stockholders, the additional directorships shall be considered vacancies and
shall be filled in the manner prescribed in <B>&lrm;</B>Article 4 of these By-laws. Directors need not be stockholders. The initial
board of directors shall be elected by the incorporators, unless such directors are named in the certificate of incorporation.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
2.02. </B><I>Powers. </I>The business and affairs of the corporation shall be carried on by or under the direction of the board
of directors, which shall have all the powers authorized by the laws of Delaware, subject to such limitations as may be provided
by the certificate of incorporation or these By-laws.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
2.03. </B><I>Compensation. </I>The board of directors may from time to time by resolution authorize the payment of fees or other
compensation to the directors for services as such to the corporation, including, but not limited to, fees for attendance at all
meetings of the board or of the executive or other committees, and determine the amount of such fees and compensation. Directors
shall in any event be paid their traveling expenses for attendance at all meetings of the board or of the executive or other committees.
Nothing herein contained shall be construed to preclude any director from serving the corporation in any other capacity and receiving
compensation therefor in amounts authorized or otherwise approved from time to time by the board or the executive committee.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
2.04. </B><I>Meetings and Quorum. </I>Meetings of the board of directors may be held either in or outside of Delaware. A quorum
shall be a majority of the then authorized total number of directors. A director will be considered present at a meeting, even
though not physically present, to the extent and in the manner authorized by the laws of Delaware.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The board
of directors may from time to time provide for the holding of regular meetings with or without notice and may fix the times and
places at which such meetings are to be held. Meetings other than regular meetings may be called at any time by the president
or the chairman of the board and must be called by the president or by the secretary or an assistant secretary upon the written
request of three (3) or more directors.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Notice of
each meeting, other than a regular meeting (unless required by the board of directors), shall be given to each director by mailing
the same to each director at his residence or business address at least ten days before the meeting or by delivering the same
to him personally or by telephone or telecopy at least two days before the meeting.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Notice of
any meeting shall state the time and place of such meeting, but need not state the purposes thereof unless otherwise required
by the laws of Delaware, the certificate of incorporation, the By-laws, or the board of directors.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
2.05. </B><I>Executive Committee. </I>The board of directors may by resolution passed by a majority of the whole board provide
for an executive committee of two or more directors and shall elect the members thereof to serve at the pleasure of the board
and may designate one of such members to act as chairman. The board may at any time change the membership of the committee, fill
vacancies in it, designate alternate members to replace any absent or disqualified members at any meeting of the committee, or
dissolve it.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">During the
intervals between the meetings of the board of directors, the executive committee shall possess and may exercise any or all of
the powers of the board of directors in the management or direction of the business and affairs of the corporation and under the
By-laws to the extent authorized by resolution adopted by a majority of the entire board of directors, subject to such limitations
as may be imposed by the laws of Delaware.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The executive
committee may determine its rules of procedure and the notice to be given of its meetings, and it may appoint such committees
and assistants as it shall from time to time deem necessary. A majority of the members of the committee shall constitute a quorum.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
2.06. </B><I>Other Committees. </I>The board of directors may by resolution provide for such other committees as it deems desirable
and may discontinue the same at its pleasure. Each such committee shall have the powers and perform such duties, not inconsistent
with law, as may be assigned to it by the board.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
2.07. </B><I>Action without Meetings. </I>Any action required or permitted to be taken at any meeting of the board of directors
or any committee thereof may be taken without meeting to the extent and in the manner authorized by the laws of Delaware.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>Article
3</B><BR>
Officers</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
3.01. </B><I>Titles and Election. </I>The officers of the corporation shall be a president, a secretary and a treasurer, who shall
initially be elected as soon as convenient by the board of directors and thereafter, in the absence of earlier resignations or
removals, shall be elected at the first meeting of the board following any annual stockholders&rsquo; meeting, each of whom shall
hold office at the pleasure of the board except as may otherwise be approved by the board or executive committee, or until his
or her successor shall have been duly elected and qualified, or until his earlier death, resignation, removal under these By-laws
or other termination of his employment. Any person may hold more than one office if the duties can be consistently performed by
the same person, and to the extent permitted by the laws of Delaware.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The board
of directors, in its discretion, may also at any time elect or appoint a chairman of the board of directors who shall be a director,
and one or more vice presidents, assistant secretaries and assistant treasurers and such other officers as it may deem advisable,
each of whom shall hold office at the pleasure of the board, except as</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">may otherwise
be approved by the board or executive committee, or until his earlier resignation, removal or other termination of employment,
and shall have such authority and shall perform such duties as may be prescribed or determined from time to time by the board
or in case of officers other than the chairman of the board, if not so prescribed or determined by the board, as the president
or the then senior executive officer may prescribe or determine.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The board
of directors may require any officer or other employee or agent to give bond for the faithful performance of his duties in such
form and with such sureties as the board may require.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
3.02. </B><I>Duties. </I>Subject to such extension, limitations, and other provisions as the board of directors or the By-laws
may from time to time prescribe or determine, the following officers shall have the following powers and duties:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt"><B>(a)&#9;</B><I>Chairman
of the Board</I>. The chairman of the board, when present, shall preside at all meetings of the stockholders and of the board
of directors and shall be charged with general supervision of the management and policy of the corporation, and shall have such
other powers and perform such other duties as the board of directors may prescribe from time to time.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt"><B>(b)&#9;</B><I>President</I>.
Subject to the board of directors and the provisions of these By-laws, the president shall be the chief executive officer of the
corporation, shall exercise the powers and authority and perform all of the duties commonly incident to his office, shall in the
absence of the chairman of the board preside at all meetings of the stockholders and of the board of directors if he is a director,
and shall perform such other duties as the board of directors or executive committee shall specify from time to time. The president
or a vice president, unless some other person is thereunto specifically authorized by the board of directors or executive committee,
shall sign all bonds, debentures, promissory notes, deeds and contracts of the corporation.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt"><B>(c)&#9;</B><I>Vice
President</I>. The vice president or vice presidents shall perform such duties as may be assigned to them from time to time by
the board of directors or by the president if the board does not do so. In the absence or disability of the president, the vice
presidents in order of seniority may, unless otherwise determined by the board, exercise the powers and perform the duties pertaining
to the office of president, except that if one or more executive vice presidents has been elected or appointed, the person holding
such office in order of seniority shall exercise the powers and perform the duties of the office of president.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt"><B>(d)&#9;</B><I>Secretary</I>.
The secretary or in his absence an assistant secretary shall keep the minutes of all meetings of stockholders and of the board
of directors, give and serve all notices, attend to such correspondence as may be assigned to him, keep in safe custody the seal
of the corporation, and affix such seal to all such instruments properly executed as may require it, and shall have such other
duties and powers as may be prescribed or determined from time to time by the board of directors or by the president if the board
does not do so.</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt"><B>(e)&#9;</B><I>Treasurer</I>.
The treasurer, subject to the order of the board of directors, shall have the care and custody of the moneys, funds, valuable
papers and documents of the corporation (other than his own bond, if any, which shall be in the custody of the president), and
shall have, under the supervision of the board of directors, all the powers and duties commonly incident to his office. He shall
deposit all funds of the corporation in such bank or banks, trust company or trust companies, or with such firm or firms doing
a banking business as may be designated by the board of directors or by the president if the board does not do so. He may endorse
for deposit or collection all checks, notes, etc., payable to the corporation or to its order. He shall keep accurate books of
account of the corporation&rsquo;s transactions, which shall be the property of the corporation, and together with all its property
in his possession, shall be subject at all times to the inspection and control of the board of directors. The treasurer shall
be subject in every way to the order of the board of directors, and shall render to the board of directors and/or the president
of the corporation, whenever they may require it, an account of all his transactions and of the financial condition of the corporation.
In addition to the foregoing, the treasurer shall have such duties as may be prescribed or determined from time to time by the
board of directors or by the president if the board does not do so.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
3.03. </B><I>Delegation of Authority. </I>The board of directors or the executive committee may at any time delegate the powers
and duties of any officer for the time being to any other officer, director or employee.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
3.04. </B><I>Compensation. </I>The compensation of the chairman of the board, the president, all vice presidents, the secretary
and the treasurer shall be fixed by the board of directors or the executive committee, and the fact that any officer is a director
shall not preclude him from receiving compensation or from voting upon the resolution providing the same.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>Article
4</B><BR>
Resignations, Vacancies and Removals</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
4.01. </B><I>Resignations. </I>Any director or officer may resign at any time by giving written notice thereof to the board of
directors, the president or the secretary. Except as provided in Section&nbsp;<B>&lrm;</B>1.06(c), any such resignation shall
take effect at the time specified therein or, if the time be not specified, upon receipt thereof; and unless otherwise specified
therein or in these By-laws, the acceptance of any resignation shall not be necessary to make it effective.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
4.02. </B><I>Vacancies</I>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt"><B>(a)&#9;</B><I>Directors</I>.
When the office of any director becomes vacant or unfilled whether by reason of death, resignation, removal, increase in the authorized
number of directors or otherwise, such vacancy or vacancies may be filled, subject to the rights of the holders of any series
of preferred stock then outstanding, by a majority vote of the directors then in office, although less than a quorum. Any director
so elected by the board shall serve until the election and qualification of his successor or until his earlier resignation or
removal as provided in these By-laws. The directors may also reduce their</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">authorized
number by the number of vacancies in the board, in accordance with the provisions of the certificate of incorporation, provided
such reduction does not reduce the board to less than the minimum authorized by the laws of Delaware.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt"><B>(b)&#9;</B><I>Officers</I>.
The board of directors may at any time or from time to time fill any vacancy among the officers of the corporation.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
4.03. </B><I>Removals</I>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt"><B>(a)&#9;</B><I>Directors</I>.
Except as may otherwise be prohibited or restricted under the laws of Delaware, the stockholders may, at any meeting called for
such purpose, remove any director from office, but only for cause, as such term is defined in, and subject to the provisions of,
<B>&lrm;</B>Article 8 of the certificate of incorporation.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt"><B>(b)&#9;</B><I>Officers</I>.
Subject to the provisions of any validly existing agreement, the board of directors may at any meeting remove from office any
officer, with or without cause, and may elect or appoint a successor; <I>provided </I>that if action is to be taken to remove
the president the notice of meeting or waiver of notice thereof shall state that one of the purposes thereof is to consider and
take action on his removal.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>Article
5</B><BR>
Capital Stock</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
5.01. </B><I>Certificate of Stock. </I>Every stockholder shall be entitled to a certificate or certificates for shares of the
capital stock of the corporation in such form as may be prescribed or authorized by the board of directors, duly numbered and
setting forth the number and kind of shares represented thereby. Such certificates shall be signed by the chairman of the board,
the president or a vice president and by the treasurer or an assistant treasurer or by the secretary or an assistant secretary.
Any or all of such signatures may be in facsimile if and to the extent authorized under the laws of Delaware.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In case any
officer, transfer agent or registrar who has signed or whose facsimile signature has been placed on a certificate has ceased to
be such officer, transfer agent or registrar before the certificate has been issued, such certificate may nevertheless be issued
and delivered by the corporation with the same effect as if he were such officer, transfer agent or registrar at the date of issue.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
5.02. </B><I>Transfer of Stock. </I>Shares of the capital stock of the corporation shall be transferable only upon the books of
the corporation upon the surrender of the certificate or certificates properly assigned and endorsed for transfer. If the corporation
has a transfer agent or agents or transfer clerk and registrar of transfers acting on its behalf, the signature of any officer
or representative thereof may be in facsimile.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The board
of directors may appoint a transfer agent and one or more co-transfer agents and a registrar and one or more co-registrars of
transfer and may make or authorize the transfer agents to make all such rules and regulations deemed expedient concerning the
issue, transfer and registration of shares of stock.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
5.03. </B><I>Record Dates</I>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt"><B>(a)&#9;</B>In
order that the corporation may determine the stockholders entitled to notice of or to vote at any meeting of stockholders or any
adjournment thereof, or entitled to receive payment of any dividend or other distribution or allotment of any rights, or entitled
to exercise any rights in respect of any change, conversion or exchange of stock or for the purpose of any other lawful action,
the board of directors may fix in advance a record date which, in the case of a meeting, shall be not less than the minimum nor
more than the maximum number of days prior to the scheduled date of such meeting permitted under the laws of Delaware and which,
in the case of any other action, shall be not more than the maximum number of days prior to any such action permitted by the laws
of Delaware.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt"><B>(b)&#9;</B>If
no such record date is fixed by the board, the record date shall be that prescribed by the laws of Delaware.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt"><B>(c)&#9;</B>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; <I>provided, however, </I>that the board of directors may fix a new record date for the adjourned meeting.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
5.04. </B><I>Lost Certificates. </I>In case of loss or mutilation or destruction of a stock certificate, a duplicate certificate
may be issued upon such terms as may be determined or authorized by the board of directors or executive committee or by the president
if the board or the executive committee does not do so.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>Article
6</B><BR>
Fiscal Year, Bank Deposits, Checks, etc.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
6.01. </B><I>Fiscal Year. </I>The fiscal year of the corporation shall commence or end at such time as the board of directors
may designate.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
6.02. </B><I>Bank Deposits, Checks, Etc. </I>The funds of the corporation shall be deposited in the name of the corporation or
of any division thereof in such banks or trust companies in the United States or elsewhere as may be designated from time to time
by the board of directors or executive committee, or by such officer or officers as the board or executive committee may authorize
to make such designations.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">All checks,
drafts or other orders for the withdrawal of funds from any bank account shall be signed by such person or persons as may be designated
from time to time by the board of directors or executive committee or as may be designated by any officer or officers authorized
by the board of directors or executive committee to make such designations. The signatures on checks, drafts or other orders for
the withdrawal of funds may be in facsimile if authorized in the designation.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>Article
7</B><BR>
Books and Records</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
7.01. </B><I>Place of Keeping Books. </I>Unless otherwise expressly required by the laws of Delaware, the books and records of
the corporation may be kept outside of Delaware.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
7.02. </B><I>Examination of Books. </I>Except as may otherwise be provided by the laws of Delaware, the certificate of incorporation
or these By-laws, the board of directors shall have power to determine from time to time whether and to what extent and at what
times and places and under what conditions any of the accounts, records and books of the corporation are to be open to the inspection
of any stockholder. No stockholder shall have any right to inspect any account or book or document of the corporation except as
prescribed by statute or authorized by express resolution of the stockholders or of the board of directors.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>Article
8</B><BR>
Notices</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
8.01. </B><I>Requirements of Notice. </I>Whenever notice is required to be given by statute, the certificate of incorporation
or these By-laws, it shall not mean personal notice unless so specified, but such notice may be given in writing by depositing
the same in a post office, letter box, or mail chute, postpaid and addressed to the person to whom such notice is directed at
the address of such person on the records of the corporation, or by any means of electronic communication, and such notice shall
be deemed given at the time when the same shall be thus mailed or transmitted.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
8.02. </B><I>Waivers. </I>Any stockholder, director or officer entitled to notice pursuant to statute, the certificate of incorporation
or these By-laws may, in writing, by cable, telegram or by any means of electronic communication, at any time waive any such notice.
Such waiver of notice, whether given before or after any meeting or action, shall be deemed equivalent to notice. Presence of
a stockholder either in person or by proxy at any stockholders&rsquo; meeting and presence of any director at any meeting of the
board of directors shall constitute a waiver of such notice as may be required by any statute, the certificate of incorporation
or these By-laws.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>Article
9</B><BR>
SEAL</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The corporate
seal of the corporation shall consist of two concentric circles between which shall be the name of the corporation and in the
center of which shall be inscribed &ldquo;Corporate Seal, Delaware&rdquo;.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>Article
10</B><BR>
Powers of Attorney</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The board
of directors or the executive committee may authorize one or more of the officers of the corporation to execute powers of attorney
delegating to named representatives or agents power to represent or act on behalf of the corporation, with or without power of
substitution.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In the absence
of any action by the board or the executive committee, the president, any vice president, the secretary or the treasurer of the
corporation may execute for and on behalf of the corporation waivers of notice of stockholders&rsquo; meetings and proxies for
such meetings in any company in which the corporation may hold voting securities.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>Article
11</B><BR>
Indemnification of Directors and Officers</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
11.01. </B><I>Indemnification Granted. </I>The corporation shall indemnify and hold harmless, to the full extent and under the
circumstances permitted by the Delaware General Corporation Law as the same exists or may hereafter be amended (but if permitted
by applicable law, 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), any person made or
threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative
or investigative by reason of the fact that he is or was a director, officer of the corporation or designated officer of an operating
division or a subsidiary of the corporation, or is or was an employee or agent of the corporation, or is or was serving at the
specific request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture,
trust or other enterprise; <I>provided, however, </I>that the corporation shall indemnify any such person seeking indemnification
in connection with a proceeding (or part thereof) initiated by such person only if such proceeding (or part thereof) was authorized
by the board of directors or is a proceeding to enforce such person&rsquo;s claim to indemnification pursuant to the rights granted
by this By-law. The right to indemnification conferred in this <B>&lrm;</B>Article 11 shall also include the right to be paid
by the corporation the expenses incurred in connection with any such proceeding in advance of its final disposition to the fullest
extent authorized by the Delaware General Corporation Law (&ldquo;<B>advancement of expenses</B>&rdquo;) upon receipt (unless
the corporation upon authorization of the board of directors waives such requirement to the extent permitted by applicable law)
of an undertaking by or on behalf of such person to repay such amount if it shall ultimately be determined that such person is
not entitled to be indemnified by the corporation as authorized in this By-law or otherwise. The right to indemnification conferred
in this <B>&lrm;</B>Article 11 shall be a contract right.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The corporation
shall have power to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent
of the corporation, or a</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">designated
officer of an operating division or a subsidiary of the corporation, or is or was serving at the request of the corporation as
a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against any
expense, liability or loss incurred by such person in any such capacity or arising out of such person&rsquo;s status as such,
whether or not the corporation would have the power to indemnify such person against such liability under the laws of Delaware.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">This right
of indemnification, including the advancement of expenses, shall not be deemed exclusive of any other rights to which a person
indemnified herein may be entitled by or under the certificate of incorporation, these By-laws, agreement, vote of stockholders
or disinterested directors or otherwise, and shall continue as to a person who has ceased to be a director, officer, designated
officer, employee or agent and shall inure to the benefit of the heirs, executors, administrators and other legal representatives
of such person.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">It is not
intended that the provisions of this article be applicable to, and they are not to be construed as granting indemnity with respect
to, matters as to which indemnification would be in contravention of the laws of Delaware or of the United States of America whether
as a matter of public policy or pursuant to statutory provision.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Neither the
amendment nor repeal of this <FONT STYLE="font-family: Times New Roman, Times, Serif">&lrm;</FONT>Article 11, nor the adoption
of any provision of the certificate of incorporation or these By-laws, nor, to the fullest extent permitted by the laws of Delaware,
any modification of law, shall adversely affect any right or protection of any person granted pursuant hereto existing at, or
arising out of or related to any event, act or omission that occurred prior to, the time of such amendment, repeal, adoption or
modification (regardless of when any proceeding (or part thereof) relating to such event, act or omission arises or is first threatened,
commenced or completed).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">For purposes
of these By-laws, &ldquo;<B>subsidiary</B>&rdquo; means any corporation, trust, limited liability company or other non-corporate
business enterprise in which the corporation directly or indirectly holds ownership interests representing (A) more than 50% of
the voting power of all outstanding ownership interests of such entity (other than directors&rsquo; qualifying shares, in the
case of a corporation) or (B) the right to receive more than 50% of the net assets of such entity available for distribution to
the holders of outstanding ownership interests upon a liquidation or dissolution of such entity.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>SECTION
11.02. </B><I>Miscellaneous. </I>The board of directors may also on behalf of the corporation grant indemnification to any individual
other than a person defined herein to such extent and in such manner as the board in its sole discretion may from time to time
and at any time determine.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>Article
12</B><BR>
Amendments</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">These By-laws
may be amended or repealed either:</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt"><B>(a)&#9;</B>at
any meeting of stockholders at which a quorum is present by vote of at least sixty-six and two-thirds percent (66 - 2/3 %) of
the number of shares of stock entitled to vote present in person or by proxy at such meeting as provided in Section&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&lrm;</B></FONT>1.05
and Section&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&lrm;</B></FONT>1.06 of these By-laws, or</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt"><B>(b)&#9;</B>at
any meeting of the board of directors by a majority vote of the directors then in office; <I>provided </I>the notice of such meeting
of stockholders or directors or waiver of notice thereof contains a statement of the substance of the proposed amendment or repeal.</FONT></P>

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