<SEC-DOCUMENT>0000950157-19-000537.txt : 20190506
<SEC-HEADER>0000950157-19-000537.hdr.sgml : 20190506
<ACCEPTANCE-DATETIME>20190506093153
ACCESSION NUMBER:		0000950157-19-000537
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20190506
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190506
DATE AS OF CHANGE:		20190506

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OCCIDENTAL PETROLEUM CORP /DE/
		CENTRAL INDEX KEY:			0000797468
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				954035997
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09210
		FILM NUMBER:		19798226

	BUSINESS ADDRESS:	
		STREET 1:		5 GREENWAY PLAZA
		STREET 2:		SUITE 110
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77046
		BUSINESS PHONE:		7132157000

	MAIL ADDRESS:	
		STREET 1:		5 GREENWAY PLAZA
		STREET 2:		SUITE 110
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77046
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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    <div style="text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 12pt; font-weight: bold;">UNITED STATES</div>
    <font style="font-size: 12pt;"> </font>
    <div style="text-align: center; font-size: 12pt;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">WASHINGTON, D.C. 20549<br>
      </font></div>
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    <div style="text-align: center; font-size: 18pt;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">FORM 8-K</font></div>
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    <div style="text-align: center; font-size: 16pt;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">CURRENT REPORT</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"> <br>
      </font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Pursuant to Section 13 or 15(d) of the</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Securities Exchange Act of 1934</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Date of Report (Date of Earliest Event Reported): May 6, 2019 (May 3, 2019)</font></div>
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      </font></div>
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      <hr style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto; height: 1px; width: 10%; color: #000000; text-align: center;" align="center" noshade="noshade"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font></div>
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    <div style="text-align: center; font-size: 24pt;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">OCCIDENTAL PETROLEUM CORPORATION</font></div>
    <font style="font-size: 10pt; font-family: 'Times New Roman';"> </font>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(Exact Name of Registrant as Specified in its Charter)</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
      </font></div>
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      <hr style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto; height: 1px; width: 10%; color: #000000; text-align: center;" align="center" noshade="noshade"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font></div>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; color: #000000;">Delaware</font></div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; color: #000000;">1-9210</font></div>
          </td>
          <td style="width: 1.99%; vertical-align: bottom;">&#160;</td>
          <td style="width: 32.01%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; color: #000000;">95-4035997</font></div>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; color: #000000;">(State or Other Jurisdiction</font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; color: #000000;">of Incorporation)</font></div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; color: #000000;">(Commission</font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; color: #000000;">File Number)</font></div>
          </td>
          <td style="width: 1.99%; vertical-align: bottom;">&#160;</td>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; color: #000000;">(IRS Employer</font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; color: #000000;">Identification No.)</font></div>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; color: #000000;">5 Greenway Plaza, Suite 110</font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; color: #000000;">Houston, Texas</font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; color: #000000;">(Address of Principal Executive Offices)</font></div>
          </td>
          <td style="width: 1.99%; vertical-align: bottom;">&#160;</td>
          <td style="width: 49.01%; vertical-align: bottom;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; color: #000000;">77046</font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; color: #000000;">(Zip Code)</font></div>
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    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Registrant&#8217;s Telephone Number, Including Area Code: <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">(713) 215-7000</font></font></div>
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    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Not Applicable</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(Former Name or Former Address, if Changed Since Last Report)</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
      </font></div>
    <div style="text-align: center;">
      <hr style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto; height: 1px; width: 10%; color: #000000; text-align: center;" align="center" noshade="noshade"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font></div>
    <div><br>
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    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
        following provisions (see General Instruction A.2 below):</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">[x] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">[&#160; ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">[&#160; ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">[&#160; ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of
        this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"> </font><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">Emerging growth company <font style="font-size: 10pt; font-family: 'Times New Roman';">&#9744;</font></font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"> </font><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
        with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. <font style="font-size: 10pt; font-family: 'Times New Roman';">&#9744;</font></font></div>
    <div><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font></font><br>
      <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">Securities registered pursuant to Section 12(b) of the Act:</div>
      <div><br>
      </div>
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              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Title of Each Class</font></div>
            </td>
            <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 30%; vertical-align: bottom; text-align: center; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Trading Symbol(s)</font></div>
            </td>
            <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 30%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Name of Each Exchange on Which Registered</font></div>
            </td>
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              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">9 1/4% Senior Debentures due 2019</font></div>
            </td>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 30%; vertical-align: bottom; text-align: center;">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">OXY 19A</font></div>
            </td>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 30%; vertical-align: middle; text-align: center;">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">New York Stock Exchange</font></div>
            </td>
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            <td style="width: 30%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Common Stock, $0.20 par value</font></div>
            </td>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 30%; vertical-align: bottom; text-align: center;">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">OXY</font></div>
            </td>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 30%; vertical-align: middle; text-align: center;">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">New York Stock Exchange</font></div>
            </td>
          </tr>

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        </font>
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                <div style="text-align: left; line-height: 11.4pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Item 1.01</div>
              </td>
              <td style="width: 97%; vertical-align: middle;">
                <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><u><font style="font-size: 10pt; font-family: 'Times New Roman';">Entry into a Material Definitive
                        Agreement</font></u>.</font></div>
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        <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
          </font></div>
        <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">On May 3, 2019, Occidental Petroleum Corporation (&#8220;Occidental&#8221;) and Total S.A. (&#8220;Total&#8221;) entered into a binding Memorandum of
            Understanding (the &#8220;MOU&#8221;), pursuant to which Occidental has agreed to sell to Total all of the assets, liabilities, businesses and operations of Anadarko Petroleum Corporation (&#8220;Anadarko&#8221;) in Algeria, Ghana, Mozambique and South Africa
            (collectively, the &#8220;Acquired Business&#8221;) for $8.8 billion in cash, on a cash-free, debt-free basis (the &#8220;Transaction&#8221;).</font></div>
        <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
        </div>
        <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The Transaction is conditioned on the consummation by Occidental of an acquisition of Anadarko and receipt of required regulatory
            approvals, as well as other customary closing conditions. Occidental and Total will enter into a definitive purchase agreement with respect to the Transaction promptly following the entrance by Occidental into an agreement to acquire Anadarko.</font></div>
        <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
        </div>
        <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Either party may terminate the MOU if the Transaction is not consummated by December 1, 2020 or if an order permanently restraining,
            enjoining or otherwise prohibiting consummation of the Transaction becomes final and non-appealable.</font></div>
        <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
        </div>
        <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The foregoing summary of the MOU does not purport to be complete and is subject to, and qualified in its entirety by, the terms of
            the MOU, which will be filed as an exhibit to Occidental&#8217;s Quarterly Report on Form 10-Q for the period ending June 30, 2019.</font></div>
        <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
        </div>
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                  <div style="text-align: left; line-height: 11.4pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Item 5.03.</div>
                </td>
                <td style="width: 97%; vertical-align: middle;">
                  <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.</font></div>
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          </div>
          <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">On May 5, 2019, the Board of Directors of Occidental amended and restated Occidental&#8217;s By-laws (as so amended and restated, the
              &#8220;Bylaws&#8221;) to add a new section 6 of Article VII designating the Court of Chancery of the State of Delaware (or in some cases other state or federal courts in Delaware) as the exclusive forum for certain proceedings relating to Occidental, as
              set forth in the new section.</font></div>
          <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
          </div>
          <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The foregoing description is qualified in its entirety by reference to the full text of the Bylaws, a copy of which is attached
              hereto as Exhibit 3.1 and is incorporated by reference herein.</font></div>
        </div>
        <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
        </div>
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              <td style="width: 8%; vertical-align: middle;" nowrap="nowrap">
                <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Item 8.01</font></div>
              </td>
              <td style="width: 97%; vertical-align: middle;">
                <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><u><font style="font-size: 10pt; font-family: 'Times New Roman';">Other Events</font></u>.</font></div>
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        <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
          </font></div>
        <div style="text-align: left; line-height: 11.4pt; font-family: 'Times New Roman'; font-size: 10pt;">On May 5, 2019, Occidental issued a press release (the &#8220;Proposal Press Release&#8221;) announcing its revised proposal (the &#8220;Proposal&#8221;) to acquire
          Anadarko for $76.00 per Anadarko share, based on Occidental&#8217;s closing price on May 3, 2019.&#160; Under the terms of the Proposal, Anadarko shareholders would receive $59.00 in cash and 0.2934 shares of Occidental common stock for each share of
          Anadarko common stock.</div>
        <div style="line-height: 11.4pt">&#160;</div>
        <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The foregoing description of the Proposal is qualified in its entirety by reference to the Proposal Press Release, a copy of which is
            attached hereto as Exhibit 99.1 and is incorporated by reference herein.</font></div>
        <div style="line-height: 11.4pt">&#160;</div>
        <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">On May 5, 2019, Occidental issued a press release with respect to the MOU with Total (&#8220;Total Press Release&#8221;). A copy of the Total
            Press Release is attached hereto as Exhibit 99.2 and is incorporated by reference herein.</font></div>
        <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
        </div>
        <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z9201e204874a4aff899c39e0ac81fdf1" border="0" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 8%; vertical-align: middle;" nowrap="nowrap">
                <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Item 9.01</font></div>
              </td>
              <td style="width: 97%; vertical-align: middle;">
                <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><u><font style="font-size: 10pt; font-family: 'Times New Roman';">Financial Statements and Exhibits</font></u>.</font></div>
              </td>
            </tr>

        </table>
        <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
          </font></div>
        <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#160;&#160;(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Exhibits.</font></div>
        <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
        </div>
        <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z0a74249f041c47fda1f2cf3cf4c14f6b" border="0" cellpadding="0" cellspacing="0">

            <tr>
              <td rowspan="1" style="width: 8%; vertical-align: top;"><a href="ex3-1.htm">3.1<br>
                </a> </td>
              <td rowspan="1" style="width: 97%; vertical-align: top;">
                <div style="text-align: left; line-height: 11.4pt; font-family: 'Times New Roman'; font-size: 10pt;"><a href="ex3-1.htm">Amended and Restated By-laws of Occidental Petroleum Corporation as of May 5, 2019.</a></div>
              </td>
            </tr>
            <tr>
              <td rowspan="1" style="width: 8%; vertical-align: top;">&#160;</td>
              <td rowspan="1" style="width: 97%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td rowspan="1" style="width: 8%; vertical-align: top;"><a href="ex99-1.htm">99.1<br>
                </a> </td>
              <td rowspan="1" style="width: 97%; vertical-align: top;">
                <div style="text-align: left; line-height: 11.4pt; font-family: 'Times New Roman'; font-size: 10pt;"><a href="ex99-1.htm">Proposal Press Release, dated May 5, 2019, issued by Occidental.</a></div>
              </td>
            </tr>
            <tr>
              <td rowspan="1" style="width: 8%; vertical-align: top;">&#160;</td>
              <td rowspan="1" style="width: 97%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 8%; vertical-align: top;">
                <div style="text-align: left; line-height: 11.4pt;"><a href="ex99-2.htm"><font style="font-size: 10pt;
                      font-family: 'Times New Roman';">99.2</font></a></div>
              </td>
              <td style="width: 97%; vertical-align: top;">
                <div style="text-align: left; line-height: 11.4pt;"><a href="ex99-2.htm"><font style="font-size: 10pt;
                      font-family: 'Times New Roman';">Total Press Release, dated May 5, 2019, issued by Occidental.</font></a></div>
              </td>
            </tr>

        </table>
        <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u> <br>
              </u></font></font></div>
        <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Forward Looking Statements</u></font></font></div>
        <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
        </div>
        <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">Any statements in this communication about Occidental&#8217;s expectations, beliefs, plans or forecasts, including
            statements regarding the proposed transaction between Occidental and Anadarko or the proposed transaction between Occidental and Total, benefits and synergies of the proposed transactions and future opportunities for the combined company and
            products and securities, that are not historical facts are forward-looking statements. These statements are typically identified by words such as &#8220;estimate,&#8221; &#8220;project,&#8221; &#8220;predict,&#8221; &#8220;will,&#8221; &#8220;would,&#8221; &#8220;should,&#8221; &#8220;could,&#8221; &#8220;may,&#8221; &#8220;might,&#8221;
            &#8220;anticipate,&#8221; &#8220;plan,&#8221; &#8220;intend,&#8221; &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;aim,&#8221; &#8220;goal,&#8221; &#8220;target,&#8221; &#8220;objective,&#8221; &#8220;likely&#8221; or similar expressions that convey the prospective nature of events or outcomes. Forward-looking statements involve estimates, expectations,
            projections, goals, forecasts, assumptions, risks and uncertainties. Actual results may differ from anticipated results, sometimes materially, and reported or expected results should not be considered an indication of future performance.
            Factors that could cause actual results to differ include, but are not limited to: the ultimate outcome of any possible transaction between Occidental and Anadarko, including the possibility that Anadarko will reject the proposed transaction
            with Occidental or that the terms of any definitive agreement will be materially different from those described above; uncertainties as to whether Anadarko will cooperate with Occidental regarding the proposed transaction; Occidental&#8217;s ability
            to consummate the proposed transaction with Anadarko or the proposed transactions with Total; the conditions to the completion of the proposed transactions, including the receipt of Anadarko stockholder approval for the proposed transaction
            between Occidental and Anadarko; that the regulatory approvals required for the proposed transactions may not be obtained on the terms expected or on the anticipated schedule or at all; Occidental&#8217;s ability to finance the proposed transaction
            with Anadarko, including completion of any contemplated equity investment; Occidental&#8217;s indebtedness, including the substantial indebtedness Occidental expects to incur in connection with the proposed transaction with Anadarko and the need to
            generate sufficient cash flows to service and repay such debt; Occidental&#8217;s ability to meet expectations regarding the timing, completion and accounting and tax treatments of the transactions contemplated by the binding agreement with Total;
            Occidental&#8217;s ability to meet expectations regarding the timing, completion and accounting and tax treatments of the proposed transaction with Anadarko; the possibility that Occidental may be unable to achieve expected synergies and operating
            efficiencies within the expected time-frames or at all and to successfully integrate Anadarko&#8217;s operations with those of Occidental; that such integration may be more difficult, time-consuming or costly than expected; that operating costs,
            customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers or suppliers) may be greater than expected following the proposed transaction or the public announcement
            of the proposed transaction; the retention of certain key employees of Anadarko may be difficult; that Anadarko and Occidental are subject to intense competition and increased competition is expected in the future; general economic conditions
            that are less favorable than expected. Additional risks that may affect Occidental&#8217;s results of operations and financial position appear in Part I, Item 1A &#8220;Risk Factors&#8221; of Occidental&#8217;s Annual Report on Form 10-K for the year ended December
            31, 2018, and in Occidental&#8217;s other filings with the U.S. Securities and Exchange Commission (&#8220;SEC&#8221;).</font></div>
        <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
        </div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;" noshade="noshade"></div>
        </div>
        <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
        </div>
        <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">Because the factors referred to above could cause actual results or outcomes to differ materially from those
            expressed or implied in any forward-looking statements, you should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date of this communication and, unless legally
            required, Occidental does not undertake any obligation to update any forward-looking statement, as a result of new information, future events or otherwise.</font></div>
        <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
        </div>
        <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>No Offer or Solicitation</u></font></font></div>
        <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
        </div>
        <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of
            any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer
            of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.</font></div>
        <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
        </div>
        <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Additional Information and Where to Find It</u></font></font></div>
        <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
        </div>
        <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">This communication relates to a proposal which Occidental has made for an acquisition of Anadarko. In furtherance of this proposal
            and subject to future developments, Occidental (and, if a negotiated transaction is agreed, Anadarko) may file one or more registration statements, proxy statements, tender offer statements or other documents with the SEC. This communication is
            not a substitute for any proxy statement, registration statement, tender offer statement, prospectus or other document Occidental and/or Anadarko may file with the SEC in connection with the proposed transactions.</font></div>
        <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
        </div>
        <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT(S), REGISTRATION STATEMENT(S), TENDER OFFER STATEMENT,
            PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT OCCIDENTAL, ANADARKO AND THE PROPOSED TRANSACTIONS. Any
            definitive proxy statement(s) or prospectus(es) (if and when available) will be mailed to stockholders of Occidental and/or Anadarko, as applicable. Investors and security holders will be able to obtain copies of these documents (if and when
            available) and other documents filed with the SEC by Occidental free of charge through the website maintained by the SEC at www.sec.gov. Copies of the documents filed by Occidental (if and when available) will also be made available free of
            charge by accessing Occidental&#8217;s website at www.oxy.com.</font></div>
        <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
        </div>
        <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Participants</u></font></font></div>
        <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
        </div>
        <div style="text-align: left; line-height: 11.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">This communication is neither a solicitation of a proxy nor a substitute for any proxy statement or other filings that may be made
            with the SEC. Nonetheless, Occidental and its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transactions. Information
            about Occidental&#8217;s executive officers and directors is available in Occidental&#8217;s Annual Report on Form 10-K for the year ended December 31, 2018, which was filed with the SEC on February 21, 2019, and in its proxy statement for the 2019 Annual
            Meeting which was filed with the SEC on March 28, 2019. To the extent holdings of Occidental securities have changed since the amounts printed in the proxy statement for the 2019 Annual Meeting, such changes have been or will be reflected on
            Statements of Change in Ownership on Form 4 filed with the SEC. Additional information regarding the interests of such potential participants will be included in one or more registration statements, proxy statements, tender offer statements or
            other documents filed with the SEC if and when they become available. These documents (if and when available) may be obtained free of charge from the SEC&#8217;s website http://www.sec.gov.</font></div>
        <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
        </div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
          <div style="page-break-after:always;" id="DSPFPageBreak">
            <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;" noshade="noshade"></div>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold; color: rgb(0, 0, 0);"> <br>
          </font></div>
        <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; color: #000000;">SIGNATURES</font></div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">&#160;&#160;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to
            be signed on its behalf by the undersigned hereunto duly authorized.</font></div>
        <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; color: rgb(0, 0, 0);"> <br>
          </font></div>
        <div><br>
        </div>
        <div>
          <table style="width: 100%; border-collapse: separate; font-family: 'Times New Roman'; font-size: 10pt;" border="0" cellpadding="0" cellspacing="0">

              <tr>
                <td style="width: 50%;" valign="top">&#160;</td>
                <td colspan="3" valign="top"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">OCCIDENTAL PETROLEUM CORPORATION</font></td>
                <td style="width: 12%;" valign="top">&#160;</td>
              </tr>
              <tr>
                <td style="width: 50%;" valign="top">&#160;</td>
                <td style="width: 3%;" valign="top">&#160;</td>
                <td colspan="2" valign="top">&#160;</td>
                <td style="width: 12%;" valign="top">&#160;</td>
              </tr>
              <tr>
                <td style="width: 50%; padding-bottom: 2px;" align="left" valign="top"><br>
                </td>
                <td style="width: 3%; padding-bottom: 2px;" valign="top">
                  <div style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="left">By: </div>
                </td>
                <td colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0);" align="left" valign="top">/s/ <font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Nicole

















                      E. Clark</font></font></td>
                <td style="width: 12%; padding-bottom: 2px;" valign="top">&#160;</td>
              </tr>
              <tr>
                <td style="width: 50%;" valign="top">&#160;</td>
                <td style="width: 3%;" valign="top">&#160;</td>
                <td style="width: 4%;" align="left" valign="bottom">Name:</td>
                <td style="width: 31%;" align="left" valign="bottom"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Nicole E. Clark</font></font> <br>
                </td>
                <td style="width: 12%;" valign="top">&#160;</td>
              </tr>
              <tr>
                <td style="width: 50%;" valign="top">&#160;</td>
                <td style="width: 3%;" valign="top">&#160;</td>
                <td style="width: 4%;" valign="top">Title:<br>
                </td>
                <td style="width: 31%;" valign="top"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">Vice President, Associate General Counsel and Corporate Secretary</font> <br>
                </td>
                <td style="width: 12%;" valign="top">&#160;</td>
              </tr>
              <tr>
                <td style="width: 50%;" valign="top">&#160;</td>
                <td style="width: 3%;" valign="top">&#160;</td>
                <td colspan="2" valign="top">&#160;</td>
                <td style="width: 12%;" valign="top">&#160;</td>
              </tr>

          </table>
        </div>
        <div><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">Date: May 6, 2019</font></div>
        <div><br>
        </div>
      </div>
    </div>
  </div>
  <div> <br>
  </div>
  <div> <br>
  </div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3.1
<SEQUENCE>2
<FILENAME>ex3-1.htm
<DESCRIPTION>AMENDED AND RESTATED BY-LAWS
<TEXT>
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    <title></title>
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 3.1</font><br>
  </div>
  <div style="text-align: right;"> <br>
  </div>
  <div style="text-align: right;"> <br>
  </div>
  <div style="text-align: left;">
    <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">AMENDED AND RESTATED</div>
    <div style="text-align: center; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">BY-LAWS<font style="font-size: 10pt; font-family: 'Times New Roman';"><br>
        </font>OF<font style="font-size: 10pt; font-family: 'Times New Roman';"><br>
        </font>OCCIDENTAL PETROLEUM CORPORATION<font style="font-size: 10pt; font-family: 'Times New Roman';"><br>
        </font>(hereinafter called the &#8220;Corporation&#8221;)</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: center; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">ARTICLE I<br style="line-height: 13.7pt;">
        <font style="font-size: 10pt; font-family: 'Times New Roman';"><br>
        </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><u>OFFICES</u></font></font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 1.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Registered Office</font>.&#160; The registered office of the Corporation shall be in the State of
        Delaware.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 2.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Other Offices.&#160; </font>The Corporation may also have offices at such other places both
        within and without the State of Delaware as the Board of Directors may from time to time determine.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: center; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">ARTICLE II<br style="line-height: 13.7pt;">
        <font style="font-size: 10pt; font-family: 'Times New Roman';"><br>
        </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><u>MEETING OF STOCKHOLDERS</u></font></font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 1.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Place and Conduct of Meetings.&#160; </font>Meetings of the stockholders for the election of
        directors or for the transaction of only such other business as may properly be brought before the meeting in accordance with these By-laws shall be held at such time and place, either within or without the State of Delaware, as shall be designated
        from time to time by the Board of Directors and stated in the notice of the meeting or in a duly executed waiver of notice thereof.&#160; The Chairman of such meetings shall have plenary power and authority with respect to all matters relating to the
        conduct thereof including, without limitation, the authority to limit the amount of time which may be taken by any stockholder or stockholders, the authority to appoint and be advised by a parliamentarian, and the authority to appoint and to
        instruct a sergeant or sergeants at arms.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 2.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Annual Meetings.&#160; </font>The Annual Meetings of Stockholders shall be held on such date and
        at such time as shall be designated from time to time by the Board of Directors and stated in the notice of the meeting, for the purpose of electing directors and for the transaction of only such other business as may properly be brought before the
        meeting in accordance with these By-laws.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">To be properly brought before the Annual Meeting, business must be either (a) specified in the notice of Annual
        Meeting (or any supplement thereto) given by or at the direction of the Board of Directors, (b) otherwise properly brought before the Annual Meeting by or at the direction of the Board of Directors, or (c) other than the election of directors
        (which is addressed in <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article III</font>), otherwise properly brought before the Annual Meeting by a stockholder of the Corporation (i) who is a stockholder of
        record on the date of the giving of the notice provided for in this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 2 </font>and on the record date</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">1</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;" noshade="noshade"></div>
    </div>
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    </div>
    <div style="text-align: left; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">for the determination of stockholders entitled to vote at such Annual Meeting and (ii) who complies with the notice procedures set forth
        in this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 2</font>.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">In addition to any other applicable requirements, for business to be properly brought before an Annual Meeting by a
        stockholder, the stockholder must have given timely notice thereof in proper written form to the Secretary of the Corporation.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">To be timely, a stockholder&#8217;s notice related to business other than the election of directors (which is addressed in <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article III</font>) must be delivered to or mailed to and received at the principal executive offices of the Corporation, not less than seventy (70) days nor more than
        ninety (90) days prior to the anniversary date of the immediately preceding Annual Meeting&#894; <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">provided, however, </font>that in the event that the Annual Meeting is
        called for a date that is not within thirty (30) days before or after such anniversary date, notice by the stockholder to be timely must be so received not later than the close of business on the tenth (10th) day following the day on which such
        notice of the date of the Annual Meeting was mailed or such public disclosure was made, whichever first occurs.&#160; In no event shall the public announcement of an adjournment of an Annual Meeting commence a new time period for the giving of a
        stockholder&#8217;s notice as described above.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">To be in proper written form, a stockholder&#8217;s notice to the Secretary shall set forth as to each matter the
        stockholder proposes to bring before the Annual Meeting (i) a brief description of the business desired to be brought before the Annual Meeting, the reasons for conducting such business at the Annual Meeting and any material interest in such
        business of the stockholder and the beneficial owner, if any, on whose behalf the proposal is made, (ii) the name and record address of the stockholder proposing such business, (iii) the class, series and number of shares of the Corporation which
        are beneficially owned by the stockholder, (iv) a description of all arrangements or understandings between the stockholder and any other person or persons (including their names) in connection with such business, (v) whether the stockholder or the
        beneficial owner, if any, intends or is part of a group which intends to distribute proxy materials, and (vi) a representation that the stockholder intends to appear, in person or by another person authorized in accordance with the General
        Corporation Law of the State of Delaware to act as proxy for the stockholder, at the Annual Meeting to present such business.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Notwithstanding anything in the By-laws to the contrary, no business shall be conducted at the Annual Meeting except
        in accordance with the procedures set forth in this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 2&#894; provided, however, </font>that nothing in this <font style="font-size: 10pt; font-family: 'Times
          New Roman'; font-style: italic;">Section 2 </font>shall be deemed to preclude discussion by any stockholder of any business properly brought before the Annual Meeting.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The Chairman of an Annual Meeting shall, if the facts warrant, determine and declare to the Annual Meeting that
        business was not properly brought before the Annual Meeting in accordance with the provisions of this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 2</font>, and if he should so determine, he shall so
        declare to the Annual Meeting and any such business not properly brought before the Annual Meeting shall not be transacted.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">2</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;" noshade="noshade"></div>
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Written notice of the Annual Meeting stating the place, date and hour of the Annual Meeting shall be given to each
        stockholder entitled to vote at such meeting not less than ten (10) nor more than sixty (60) days before the date of the meeting.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 3.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Special Meetings</font>.&#160; Unless otherwise prescribed by law or by the Certificate of
        Incorporation, Special Meetings of Stockholders, for any purpose or purposes, may be called by the Board of Directors or the Chairman of the Board.&#160; Subject to <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">subsections





          (a) - (d) </font>of this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article II, Section 3</font>, a Special Meeting of Stockholders shall be called by the Secretary upon the written request of the record
        holders of at least 25% of the outstanding common stock of the Corporation (the &#8220;Requisite Percent&#8221;).&#160; Written notice of a Special Meeting stating the place, date and hour of the meeting and the purpose or purposes for which the meeting is called
        shall be given not less than ten (10) nor more than sixty (60) days before the date of the meeting to each stockholder entitled to vote at such meeting.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">(a)</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">In order for a Stockholder Requested Special Meeting (as defined in this By-law) to be called, one or more requests for a Special Meeting must be signed by the Requisite
        Percent of record holders (or their duly authorized agents) and delivered to the Secretary (each, a &#8220;Special Meeting Request,&#8221; collectively, the &#8220;Special Meeting Requests&#8221;).&#160; The Special Meeting Request(s) shall be sent to the Secretary at the
        principal executive offices of the Corporation by registered mail, return receipt requested.&#160; The Special Meeting Request(s) shall (i) set forth a statement of the specific purpose(s) of the meeting, the matters proposed to be acted on at the
        meeting and the reasons for conducting such business at the Special Meeting, (ii) bear the date of signature of each such stockholder (or duly authorized agent) signing the Special Meeting Request(s), (iii) set forth (A) the name and address, as
        they appear in the Corporation&#8217;s stock ledger, of each stockholder signing such request (or on whose behalf the Special Meeting Request is signed), and (B) the class, if applicable, and number of shares of stock of the Corporation that are owned of
        record and beneficially by each such stockholder, (iv) set forth any material interest of each stockholder in the business desired to be brought before the Special Meeting, (v) set forth all information relating to each such stockholder that must
        be disclosed in solicitations of proxies for election of directors in an election contest (even if an election contest is not involved), or is otherwise required, in each case pursuant to Regulation 14A under the Securities Exchange Act of 1934, as
        amended (the &#8220;Exchange Act&#8221;), and (vi) contain the information, if applicable, which shall be set forth in a stockholder&#8217;s notice as required by <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article II, Section
          2 </font>of these By-laws.&#160; A stockholder may revoke his, her or its request for a Special Meeting at any time by written revocation delivered to the Secretary.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">(b)</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">The Secretary shall not be required to call a Special Meeting upon stockholder request (a &#8220;Stockholder Requested Special Meeting&#8221;) if (i) the Special Meeting Request(s)
        relates to an item of business that is not a proper subject for stockholder action under applicable law, or (ii) the Board of Directors has called or calls for an annual or special meeting of stockholders to be held not later than ninety (90) days
        after the Secretary&#8217;s receipt of the Special Meeting Request(s) and the purpose(s) of such meeting include the purpose(s) specified in the Special Meeting Request(s), with such determination being made in good faith by the Board of Directors.</font></div>
    <div style="text-align: left; line-height: 13.7pt; font-family: &quot;Times New Roman&quot;; font-size: 10pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">3</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;" noshade="noshade"></div>
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">(c)</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">A Stockholder Requested Special Meeting shall be held at such date, time and place within or without the State of Delaware as may be fixed by the Board of Directors&#894; provided,
        however, that the date of any Stockholder Requested Special Meeting shall be not more than ninety (90) days after the Secretary&#8217;s receipt of the properly submitted Special Meeting Request(s).</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">(d)</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">Business transacted at any Stockholder Requested Special Meeting shall be limited to the purpose(s) stated in the Special Meeting Request(s)&#894; provided, however, that nothing
        herein shall prohibit the Board from submitting matters to the stockholders at any Stockholder Requested Special Meeting.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 4.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Quorum.&#160; </font>Except as otherwise provided by law or by the Certificate of Incorporation,
        the holders of a majority of the capital stock issued and outstanding and entitled to vote thereat, present in person or represented by proxy, shall constitute a quorum at all meetings of the stockholders for the transaction of business.&#160; If,
        however, such quorum shall not be present or represented at any meeting of the stockholders, the Chairman of such meeting or a majority of the stockholders entitled to vote thereat, present in person or represented by proxy, shall have power to
        adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be present or represented.&#160; At such adjourned meeting at which a quorum shall be present or represented, any business may be
        transacted which might have been transacted at the meeting as originally noticed.&#160; If the adjournment is for more than thirty (30) days, or if after the adjournment a new record date is fixed for the adjourned meeting, a notice of the adjourned
        meeting shall be given to each stockholder entitled to vote at the meeting.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 5.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Voting.&#160; </font>Unless otherwise required by law, the Certificate of Incorporation or these
        By-laws, any question brought before any meeting of stockholders shall be decided by the affirmative vote of a majority of the shares present in person or by proxy at the meeting and entitled to vote on the subject matter.&#160; Unless otherwise
        provided in the Certificate of Incorporation, each stockholder represented at a meeting of stockholders shall be entitled to cast one vote for each share of the capital stock entitled to vote thereat held by such stockholder.&#160; Such votes may be
        cast in person or by proxy but no proxy shall be voted on or after three years from its date, unless such proxy provides for a longer period.&#160; No vote at any meeting of stockholders need be by written ballot unless the Board of Directors, in its
        discretion, or the officer of the Corporation presiding at the meeting, in his discretion, specifically directs the use of a written ballot.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 6.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">List of Stockholders Entitled to Vote.&#160; </font>The officer of the Corporation who has
        charge of the stock ledger of the Corporation shall prepare and make, at least ten days before every meeting of stockholders, a complete list of the stockholders entitled to vote at the meeting, arranged in alphabetical order, and showing the
        address of each stockholder and the number of shares registered in the name of each stockholder.&#160; Such list shall be open to the examination of any stockholder, for any purpose germane to the meeting, during ordinary business hours, for a period of
        at least ten days prior to the meeting, either at a place within the city where the meeting is to be held, which place shall be specified in the notice of the meeting, or, if not so specified, at</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">4</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;" noshade="noshade"></div>
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">the place where the meeting is to be held.&#160; The list shall also be produced and kept at the time and place of the meeting during the
        whole time thereof, and may be inspected by any stockholder of the Corporation who is present.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 7.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Stock Ledger.&#160; </font>The stock ledger of the Corporation shall be the only evidence as to
        who are the stockholders entitled to examine the stock ledger, the list required by <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 6 </font>of this <font style="font-size: 10pt; font-family: 'Times New
          Roman'; font-style: italic;">Article II </font>or the books of the Corporation, or to vote in person or by proxy at any meeting of stockholders.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 8.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Voting Procedures and Inspectors of Election.&#160; </font>The Corporation shall, in advance of
        any meeting of stockholders, appoint one or more inspectors to act at the meeting and make a written report thereof.&#160; The Corporation may designate one or more persons as alternate inspectors to replace any inspector who fails to act.&#160; If no
        inspector or alternate is able to act at a meeting of stockholders, the person presiding at the meeting shall appoint one or more inspectors to act at the meeting.&#160; Each inspector, before entering upon the discharge of his duties, shall take and
        sign an oath faithfully to execute the duties of inspector with strict impartiality and according to the best of his ability.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The inspectors shall (i) ascertain the number of shares outstanding and the voting power of each, (ii) determine the
        shares represented at a meeting and the validity of proxies and ballots, (iii) count all votes and ballots, (iv) determine and retain for a reasonable period a record of the disposition of any challenges made to any determination by the inspectors,
        and (v) certify their determination of the number of shares represented at the meeting, and their count of all votes and ballots.&#160; The inspectors may appoint or retain other persons or entities to assist the inspectors in the performance of the
        duties of the inspectors.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The date and time of the opening and the closing of the polls for each matter upon which the stockholders will vote at
        a meeting shall be announced at the meeting.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 9.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Action by Written Consent</font>.&#160; Any action required or permitted to be taken by the
        stockholders of the Corporation must be effected at a duly called annual or special meeting of the stockholders or may be effected by a consent or consents in writing by the stockholders as provided by, and subject to the limitations in, the
        Certificate of Incorporation.&#160; In the event of the delivery, in the manner provided in the Certificate of Incorporation and applicable law, to the Corporation of a consent or consents to take corporate action in writing without a meeting and/or any
        related revocation or revocations, the Corporation may, and, if required by the Certificate of Incorporation, shall, designate an inspector or inspectors to discharge such duties as are contemplated or required by the Certificate of Incorporation.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">5</font></div>
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    </div>
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    </div>
    <div style="text-align: center; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">ARTICLE III</font></div>
    <div style="text-align: center; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><br>
        </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><u>DIRECTORS</u></font></font></div>
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    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 1.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Number and Election of Directors</font>.&#160; Subject to the rights, if any, of holders of
        preferred stock issued by the Corporation to elect directors of the Corporation, the Board of Directors shall consist of one or more directors, the number of which shall be fourteen (14) until changed by resolution duly adopted by the Board of
        Directors from time to time.&#160; Except as provided in <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 3 </font>of this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article





          III </font>and subject to <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 12 </font>of this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article III</font>,
        directors shall be elected by a majority of the votes cast at Annual Meetings of Stockholders and each director so elected shall hold office until his successor is duly elected and qualified, or until his earlier death, disqualification,
        resignation or removal&#894; provided, however, that directors shall be elected by a plurality of the votes cast at any meeting of the stockholders for which the number of nominees exceeds the number of directors to be elected.&#160; No person shall be
        eligible for election as a director of the Corporation who shall have reached the age of seventy-five (75) at the date of such election, unless such requirement shall have been unanimously waived by the members of the Corporate Governance,
        Nominating and Social Responsibility Committee and such Committee&#8217;s action shall have been ratified and approved by a majority of the disinterested directors on the Board of Directors.&#160; Directors need not be stockholders.</font></div>
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    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 2.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Nominations of Directors.&#160; </font>Only persons who are nominated in accordance with the
        following procedures shall be eligible for election as directors, except as may be otherwise provided in the Certificate of Incorporation of the Corporation with respect to the right of holders of preferred stock of the Corporation to nominate and
        elect a specified number of directors in certain circumstances.&#160; Nominations of persons for election to the Board of Directors of the Corporation may be made at any Annual Meeting (a) by or at the direction of the Board of Directors (or any duly
        authorized committee thereof), (b) by any stockholder of the Corporation (i) who is a stockholder of record on the date of the giving of the notice provided for in this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style:
          italic;">Section 2 </font>and on the record date for the determination of stockholders entitled to vote at the Annual Meeting and (ii) who complies with the notice procedures set forth in this <font style="font-size: 10pt; font-family: 'Times
          New Roman'; font-style: italic;">Section 2 </font>or (c) pursuant to <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15</font>.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">In addition to any other applicable requirements, for a nomination to be properly made by a stockholder pursuant to
        this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 2 </font>or <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15</font>, the stockholder must have given
        timely notice thereof in proper written form to the Secretary of the Corporation.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">To be timely pursuant to this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section





          2</font>, a stockholder&#8217;s notice to the Secretary must be delivered to or mailed and received at the principal executive offices of the Corporation between September 1 and November 30 of the year preceding the Annual Meeting.&#160; To be in proper
        written form, a stockholder&#8217;s notice to the Secretary pursuant to this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 2 </font>must set forth (a) as to each person whom the stockholder proposes to
        nominate for election or re-election as a director, (i) the name, age, business address and residence address of the person, (ii) principal occupation or employment of the person, (iii) the class or series and number of shares of capital stock of
        the Corporation which are owned beneficially or of record by the person, and (iv) any other information relating to</font></div>
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    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">6</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;" noshade="noshade"></div>
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    </div>
    <div style="text-align: left; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">the person that is required to be disclosed in solicitations for proxies for election of directors pursuant to the Rules and Regulations
        of the Securities and Exchange Commission under Section 14 of the Exchange Act, and (b) as to the stockholder giving the notice, (i) the name and record address of such stockholder, (ii) the class or series and number of shares of capital stock of
        the Corporation which are beneficially owned by the stockholder, (iii) a description of all arrangements or understandings between the stockholder or the beneficial owner, if any, on whose behalf the nomination is made and each proposed nominee and
        any other person or persons (including their names) pursuant to which the nominations are to be made by such stockholder, (iv) whether the stockholder or the beneficial owner, if any, intends or is part of a group which intends to distribute proxy
        materials, (v) a representation that the stockholder intends to appear, in person or by another person authorized in accordance with the General Corporation Law of the State of Delaware to act as proxy for the stockholder, at the Annual Meeting to
        nominate the persons named in the stockholder&#8217;s notice, and (vi) any other information relating to the person that is required to be disclosed in solicitations for proxies for election of directors pursuant to the Rules and Regulations of the
        Securities and Exchange Commission under Section 14 of the Exchange Act.&#160; Such notice must be accompanied by a written consent of each proposed nominee to being named as a nominee and to serve as a director if elected.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">No person shall be eligible for election as a director of the Corporation unless nominated in accordance with the
        procedures set forth in this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 2 </font>or <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15</font>.&#160; If the
        Chairman of the Annual Meeting determines that a nomination was not made in accordance with this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 2 </font>or <font style="font-size: 10pt; font-family:
          'Times New Roman'; font-style: italic;">Section 15</font>, the Chairman shall declare to the meeting that the nomination was defective and the defective nomination shall be disregarded.</font></div>
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    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 3.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Vacancies.&#160; </font>Any newly created directorship resulting from an increase in the number
        of directors or any other vacancy on the Board of Directors may be filled by a majority of the Board of Directors then in office, even if less than a quorum, or by a sole remaining director.&#160; Any director elected to fill a newly created
        directorship resulting from an increase in the number of directors or any other vacancy shall hold office for a term that shall expire at the next Annual Meeting of Stockholders.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 4.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Duties and Powers.&#160; </font>The business of the Corporation shall be managed by or under the
        direction of the Board of Directors which may exercise all such powers of the Corporation and do all such lawful acts and things as are not by statute or by the Certificate of Incorporation or by these By-laws directed or required to be exercised
        or done by the stockholders.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 5.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Meetings.&#160; </font>The Board of Directors of the Corporation may hold meetings, both regular
        and special, either within or without the State of Delaware.&#160; Regular meetings of the Board of Directors may be held without notice at such time and at such place as may from time to time be determined by the Board of Directors.&#160; Special meetings
        of the Board of Directors may be called by the Chairman of the Board, if there be one, the Chief Executive Officer, the President, or any three directors.&#160; Notice thereof stating the place, date and hour of the meeting shall be given to each
        director either by mail not less than forty-eight hours before the date of the meeting, by telephone,</font></div>
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    </div>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">7</font></div>
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    </div>
    <div style="text-align: left; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">telegram, email or telecopy on twenty-four hours notice, or on such shorter notice as the person or persons calling such meeting may deem
        necessary or appropriate in the circumstances.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 6.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Quorum.&#160; </font>Except as may be otherwise specifically provided by law, at all meetings of
        the Board of Directors or of any committee thereof, a majority of the members of the entire Board of Directors or of the said committee shall constitute a quorum for the transaction of business&#894; and the act of a majority of the directors or members
        of the committee present at any meeting at which there is a quorum shall be the act of the Board of Directors or of the said committee, as the case may be.&#160; A meeting at which a quorum is initially present may continue to transact business
        notwithstanding the withdrawal of directors or members of the committee if any action taken is approved by at least a majority of the required quorum for that meeting.&#160; If a quorum shall not be present at any meeting of the Board of Directors or of
        any committee thereof, the directors or members of the committee present thereat may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be present.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 7.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Actions of Board.&#160; </font>Any action required or permitted to be taken at any meeting of
        the Board of Directors or of any committee thereof may be taken without a meeting, if all the members of the Board of Directors or committee, as the case may be, consent thereto in writing, and the writing or writings are filed with the minutes of
        proceedings of the Board of Directors or committee.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 8.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Meetings by Means of Conference Telephone.&#160; </font>Members of the Board of Directors of the
        Corporation, or any committee designated by the Board of Directors, may participate in a meeting of the Board of Directors or such committee by means of a conference telephone or similar communications equipment by means of which all persons
        participating in the meeting can hear each other, and participation in a meeting pursuant to this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 8 </font>shall constitute presence in person at such
        meeting.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 9.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Committees.&#160; </font>The Board of Directors may designate one or more committees, each
        committee to consist of one or more of the directors of the Corporation.&#160; The Board of Directors may designate one or more directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of any such
        committee.&#160; In the absence or disqualification of a member of a committee, and in the absence of a designation by the Board of Directors of an alternate member to replace the absent or disqualified member, the member or members thereof present at
        any meeting and not disqualified from voting, whether or not he or they constitute a quorum, may unanimously appoint another member of the Board of Directors to act at the meeting in the place of any absent or disqualified member.&#160; Any committee,
        to the extent allowed by law and provided in the resolution establishing such committee, shall have and may exercise all the powers and authority of the Board of Directors in the management of the business and affairs of the Corporation.&#160; Meetings
        of any committee may be called by the Chairman of such committee, if there be one, or by any two members thereof other than such Chairman.&#160; Notice thereof stating the place, date and hour of the meeting shall be given to each member by mail not
        less than forty-eight hours before the date of the</font></div>
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    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">8</font></div>
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    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
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    </div>
    <div style="text-align: left; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">meeting&#894; by telephone, telegram or telecopy on twenty-four hours notice&#894; or on such shorter notice as the person or persons calling such
        meeting may deem necessary or appropriate in the circumstances.&#160; Each committee shall keep regular minutes and report to the Board of Directors when required.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 10.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;



      </font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Compensation.&#160; </font>The directors may be paid their expenses, if any, of
        attendance at each meeting of the Board of Directors and may be paid a fixed sum for attendance at each meeting of the Board of Directors and/or a stated annual fee as a director.&#160; No such payment shall preclude any director from serving the
        Corporation in any other capacity and receiving compensation therefor.&#160; Members of special or standing committees may be allowed like compensation for attending committee meetings.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 11.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;



      </font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Interested Directors.&#160; </font>No contract or transaction between the Corporation
        and one or more of its directors or officers, or between the Corporation and any other corporation, partnership, association, or other organization in which one or more of its directors or officers are directors or officers, or have a financial
        interest, shall be void or voidable solely for this reason, or solely because the director or officer is present at or participates in the meeting of the Board of Directors or committee thereof which authorizes the contract or transaction, or
        solely because his or their votes are counted for such purpose if (i) the material facts as to his or their relationship or interest and as to the contract or transaction are disclosed or are known to the Board of Directors or the committee, and
        the Board of Directors or committee in good faith authorizes the contract or transaction by the affirmative votes of a majority of the disinterested directors, even though the disinterested directors be less than a quorum&#894; or (ii)<font style="font-size: 10pt; font-family: 'Times New Roman';">&#160;</font>the material facts as to his or their relationship or interest and as to the contract or transaction are disclosed or are known to the stockholders entitled to vote thereon, and the
        contract or transaction is specifically approved in good faith by vote of the stockholders&#894; or (iii) the contract or transaction is fair as to the Corporation as of the time it is authorized, approved or ratified by the Board of Directors, a
        committee thereof or the stockholders.&#160; Common or interested directors may be counted in determining the presence of a quorum at a meeting of the Board of Directors or of a committee which authorizes the contract or transaction.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 12.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;



      </font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Resignation of Directors</font>.&#160; In an uncontested election, any nominee for
        director who receives a greater number of votes &#8220;against&#8221; his or her election than votes &#8220;for&#8221; such election (a &#8220;Majority Against Vote&#8221;) shall promptly tender his or her resignation following certification of the stockholder vote by the Inspector
        of Elections.&#160; Unless accepted earlier by the Board of Directors, such resignation shall become effective on October 31st of the year of the election.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Notwithstanding the obligation to resign for a Majority Against Vote, any director may resign at any time for any
        other reason.&#160; In such instance, the resignation shall be effective upon giving written notice to the Secretary, unless the notice specifies a later time for such resignation to become effective, and no action shall be required by the Board of
        Directors for the resignation to become effective.&#160; If the resignation of a director is effective at a future time, the Board of Directors may elect a successor prior to such effective time to take office when such resignation becomes effective.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
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    </div>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">9</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;" noshade="noshade"></div>
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    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 13.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;



      </font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Chairman of the Board of Directors.&#160; </font>The Board of Directors shall
        annually elect one of its Independent Directors (as defined in the Corporation&#8217;s Corporate Governance Policies adopted from time to time) to be Chairman of the Board of Directors.&#160; The Chairman shall preside at all meetings of the stockholders and
        of the Board of Directors.&#160; The Chairman of the Board of Directors shall also perform such other duties and exercise such other powers as from time to time may be assigned to him by these By-laws or by the Board of Directors.&#160; During the absence or
        disability of the Chairman of the Board of Directors for any reason, the Vice Chairman of the Board of Directors shall exercise the powers and discharge the duties of the Chairman.&#160; If there is no Vice Chairman, or, if the Vice Chairman is absent
        or unable to perform such duties, such other Independent Director as the Board of Directors may designate shall exercise the powers and discharge the duties of the Chairman.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 14.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;



      </font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Vice Chairman of the Board of Directors.&#160; </font>The Board of Directors may
        annually elect one of its Independent Directors to be Vice Chairman of the Board of Directors.&#160; The Vice Chairman of the Board of Directors shall perform the duties specified in <font style="font-size: 10pt; font-family: 'Times New Roman';
          font-style: italic;">Section 13 </font>above in the absence or disability of the Chairman of the Board of Directors and shall perform such duties and may exercise such powers as from time to time may be assigned to him by the Board of Directors
        or the Chairman of the Board of Directors.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 15.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-style: italic;"> </font></font><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; color: rgb(0, 0, 0); font-style: italic;">Stockholder Nominations Included in the Corporation&#8217;s Proxy Materials.</font></div>
    <font style="font-style: italic;"> </font>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">(a)</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">Subject to the provisions of this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15</font>, 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: (i) the name of any person nominated for election (the &#8220;Stockholder Nominee&#8221;), which shall also be included on the
        Corporation&#8217;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 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 <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15 </font>(such
        Eligible Stockholder or group of Eligible Stockholders being a &#8220;Nominating Stockholder&#8221;)&#894; (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&#894; (iii) any statement included by the Nominating Stockholder in the Nomination Notice for inclusion in the proxy statement in support of the Stockholder Nominee&#8217;s election to the Board of
        Directors (subject, without limitation, to <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15(e)(ii)</font>), if such statement does not exceed 500 words&#894; 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 <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15</font>.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">(b)</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">(i)&#160; 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</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">10</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;" noshade="noshade"></div>
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    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
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    </div>
    <div style="text-align: left; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">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 <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15 </font>(rounded down to the nearest whole number, but not less than two) (the &#8220;Maximum Number&#8221;).&#160; The Maximum Number for a
        particular Annual Meeting shall be reduced by: (1) Stockholder Nominees whose nominations are subsequently withdrawn&#894; (2) Stockholder Nominees who the Board of Directors itself decides to nominate for election at such Annual Meeting&#894; (3) the number
        of incumbent directors or director candidates that in either case will be included in the Corporation&#8217;s proxy statement for an Annual Meeting of Stockholders as an unopposed (by the Corporation) nominee pursuant to any agreement, arrangement or
        other understanding with any stockholder or group of stockholders&#894; and (4) the number of incumbent directors who had been Stockholder Nominees, or nominees of a stockholder pursuant to the advance notice requirements set forth in <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 2 </font>of this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article III, </font>at any of the preceding three Annual
        Meetings of Stockholders and whose reelection at the upcoming Annual Meeting is being recommended by the Board of Directors.&#160; In the event that one or more vacancies for any reason occurs on the Board of Directors after the deadline set forth in <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15(d) </font>but before the date of the Annual Meeting 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></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">(ii)</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">If the number of Stockholder Nominees pursuant to this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15 </font>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&#8217;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.&#160; If, after the deadline for submitting a Nomination Notice as set forth in <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15(d)</font>, a Nominating
        Stockholder becomes ineligible or withdraws its nomination or a Stockholder Nominee becomes ineligible or unwilling to serve on the Board of Directors, whether before or after the mailing of the definitive proxy statement, 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.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">(c)</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">(i)&#160; An &#8220;Eligible Stockholder&#8221; 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 <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15(c) </font>continuously for the three-year period specified in subsection <font style="font-size: 10pt; font-family: 'Times New
          Roman'; font-style: italic;">(c)(ii) </font>of this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15 </font>below or (2) provides to the Secretary of the Corporation, within the time period referred
        to in <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15(d)</font>, evidence of continuous ownership of such shares for such three-year period from one or more securities</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">11</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;" noshade="noshade"></div>
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    </div>
    <div style="text-align: left; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">intermediaries in a form that the Board of Directors or its designee, acting in good faith, determines acceptable.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">(ii)</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">An Eligible Stockholder or group of up to 20 Eligible Stockholders may submit a nomination in accordance with this <font style="font-size: 10pt; font-family: 'Times New
          Roman'; font-style: italic;">Section 15 </font>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, stock dividends or similar events) of shares
        of the Corporation&#8217;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.&#160; The
        following shall be treated as one Eligible Stockholder if such Eligible Stockholder shall provide together with the Nomination Notice documentation reasonably satisfactory to the Board of Directors or its designee that demonstrates compliance with
        the following criteria: (1) funds under common management and investment control&#894; (2) funds under common management and funded primarily by the same employer&#894; or (3) a &#8220;family of investment companies&#8221; or a &#8220;group of investment companies&#8221; (each as
        defined in the Investment Company Act of 1940, as amended).&#160; For the avoidance of doubt, in the event of a nomination by a group of Eligible Stockholders, any and all requirements and obligations for a given Eligible Stockholder that are set forth
        in this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15</font>, including the minimum holding period, shall apply to each member of such group&#894; provided, however, that the Minimum Number shall apply to
        the ownership of the group in the aggregate.&#160; Should any stockholder withdraw from a group of Eligible Stockholders at any time prior to the Annual Meeting of Stockholders, the group of Eligible Stockholders shall only be deemed to own the shares
        held by the remaining members of the group.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">(iii)</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">The &#8220;Minimum Number&#8221; of shares of the Corporation&#8217;s common stock means 3% of the number of outstanding shares of common stock as of the most recent date for which such amount
        is given in any filing by the Corporation with the SEC prior to the submission of the Nomination Notice.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">(iv)</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">For purposes of this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15</font>, an Eligible Stockholder &#8220;owns&#8221; only those
        outstanding shares of the Corporation&#8217;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&#894; 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&#8217;s or any of its affiliates&#8217; full right to vote or direct the voting of any such shares, and/or (y) hedging, offsetting, or altering to any degree any</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">12</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;" noshade="noshade"></div>
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    </div>
    <div style="text-align: left; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">gain or loss arising from the full economic ownership of such shares by such Eligible Stockholder or any of its affiliates, but not
        including any hedging with respect to currency risk, interest-rate risk or, using a broad index-based hedge, equity risk.&#160; An Eligible Stockholder &#8220;owns&#8221; 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.&#160; An Eligible Stockholder&#8217;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.&#160; An Eligible Stockholder&#8217;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 five business days&#8217; notice and provides a
        representation that it (1) will promptly recall such loaned shares upon being notified that any of its Stockholder Nominees will be included in the Corporation&#8217;s proxy materials and (2) will continue to hold such shares through the date of the
        Annual Meeting.&#160; The terms &#8220;owned,&#8221; &#8220;owning&#8221; and other variations of the word &#8220;own&#8221; shall have correlative meanings.&#160; Whether outstanding shares of the Corporation are &#8220;owned&#8221; for these purposes shall be determined by the Board of Directors or its
        designee acting in good faith.&#160; For purposes of this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15(d)(iv)</font>, the term &#8220;affiliate&#8221; or &#8220;affiliates&#8221; shall have the meaning ascribed thereto under
        the General Rules and Regulations under the Exchange Act.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">(v)</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">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></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">(d)</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">To nominate a Stockholder Nominee pursuant to this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15</font>, the Nominating
        Stockholder must submit to the Secretary of the Corporation all of the following information and documents (collectively, the &#8220;Nomination Notice&#8221;), 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&#8217;s Annual Meeting&#894; provided, however, that if (and only if) the Annual Meeting is not scheduled to be held within a period that commences 30 days before the first anniversary date of the
        preceding year&#8217;s Annual Meeting of Stockholders and ends 30 days after the first anniversary date of the preceding year&#8217;s Annual Meeting of Stockholders (an annual meeting date outside such period being referred to herein as an &#8220;Other Meeting
        Date&#8221;), 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></div>
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    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">13</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
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    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">(i)</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">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&#8217;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&#8217;s continuous ownership
        of the Minimum Number of shares through the record date&#894;</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">(ii)</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">immediate notice if the Nominating Stockholder ceases to own the Minimum Number of shares prior to the date of the Annual Meeting&#894;</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">(iii)</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">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&#894;</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">(iv)</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">the written consent of each Stockholder Nominee to being named in the Corporation&#8217;s proxy statement, form of proxy and ballot as a nominee and to serving as a director if
        elected&#894;</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">(v)</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">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): (1) the information that would be required to be set forth in a stockholder&#8217;s notice of nomination pursuant to <font style="font-size: 10pt; font-family: 'Times New Roman';
          font-style: italic;">Section 2 </font>of this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article III</font>&#894; (2) a description of any agreement, arrangement or understanding (including, regardless of the
        form of settlement, any derivative, long or short positions, profit interests, forwards, futures, swaps, options, warrants, convertible securities, 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 create or mitigate loss to, manage risk or benefit of share price changes for, or increase or
        decrease the voting power of, such Nominating Stockholder with respect to the Corporation&#8217;s securities&#894; (3) 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&#894; (4) 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&#894; (5) 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&#8217;s Stockholder Nominee(s)&#894; (6) a representation and warranty that the Nominating Stockholder has not engaged in and will not engage in a &#8220;solicitation&#8221; 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&#8217;s Stockholder Nominee(s) or any</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">14</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
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    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">nominee of the Board of Directors&#894; (7) a representation and warranty that the Nominating Stockholder will not use any proxy card other
        than the Corporation&#8217;s proxy card in soliciting stockholders in connection with the election of a Stockholder Nominee at the Annual Meeting (8) a representation and warranty that the Stockholder Nominee&#8217;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&#8217;s securities are traded (the &#8220;Stock Exchange Rules&#8221;)&#894; </font></div>
    <div style="text-align: left; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(9) a representation and warranty that the Stockholder Nominee: (A) qualifies as independent under the Stock Exchange Rules&#894; (B) meets
        the audit committee and compensation committee independence requirements under the Stock Exchange Rules&#894; (C) is a &#8220;non-employee director&#8221; for the purposes of Rule 16b-3 under the Exchange Act (or any successor rule)&#894; (D) is an &#8220;outside director&#8221;
        for the purposes of Section 162(m) of the Internal Revenue Code (or any successor provision)&#894; (E) meets the director qualifications set forth in </font></div>
    <div style="text-align: left; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 1 </font>of this <font style="font-size:
          10pt; font-family: 'Times New Roman'; font-style: italic;">Article III</font>&#894; and (F) 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&#894; (10) a representation and warranty that the
        Nominating Stockholder satisfies the eligibility requirements set forth in <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15(c)</font>&#894; (11) a representation and warranty that the Nominating Stockholder
        will continue to satisfy the eligibility requirements described in <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15(c) </font>through the date of the Annual Meeting&#894; (12) a representation as to the
        Nominating Stockholder&#8217;s intentions with respect to continuing to hold the Minimum Number of shares for at least one year following the Annual Meeting&#894; (13) 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&#894; (14) if desired, a statement for inclusion in the proxy statement in support of the Stockholder Nominee&#8217;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&#894; and (15) in the case of a nomination by a group, the designation by all group members of one group member that is authorized to act on behalf
        of all group members with respect to matters relating to the nomination, including withdrawal of the nomination&#894; and</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">(vi)</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">an executed agreement, in a form deemed satisfactory by the Board of Directors or its designee acting in good faith, pursuant to which the Nominating Stockholder (including
        each group member) agrees: (1) to comply with all applicable laws, rules and regulations in connection with the nomination, solicitation and election&#894; (2) to file any written solicitation or other communication with the Corporation&#8217;s stockholders
        relating to one or more of the Corporation&#8217;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&#894; (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</font></div>
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    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">15</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;" noshade="noshade"></div>
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    </div>
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    </div>
    <div style="text-align: left; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">with the Corporation, its stockholders or any other person in connection with the nomination or election of directors, including, without
        limitation, the Nomination Notice&#894; (4) to indemnify and hold harmless (jointly with all other group members, in the case of a group member) the Corporation and each of its directors, officers and employees individually against any liability, loss,
        damages, expenses or other costs (including attorneys&#8217; 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 <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15</font>&#894; (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 group member) 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 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&#894; and (6) in the event that the Nominating Stockholder (including any group member)
        has failed to continue to satisfy the eligibility requirements described in <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15(c)</font>, to promptly notify the Corporation&#894; and</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">(vii)</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">an executed agreement, in a form deemed satisfactory by the Board of Directors or its designee, acting in good faith, by the Stockholder Nominee: (1) to provide to the
        Corporation such other information, including completion of the Corporation&#8217;s director nominee questionnaire, as it may reasonably request&#894; (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&#8217;s Corporate Governance Policies and Code of Business Conduct and any other Corporation policies and guidelines applicable to directors&#894; 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 (a &#8220;Compensation Arrangement&#8221;) in connection with such person&#8217;s nomination or candidacy for director of the Corporation that has
        not been disclosed to the Corporation prior to or concurrently with the Nominating Stockholder&#8217;s submission of the Nomination Notice, (B) any Compensation Arrangement in connection with service or action as a director of the Corporation, (C) 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 &#8220;Voting Commitment&#8221;) that has not been disclosed to the Corporation prior to or
        concurrently with the Nominating Stockholder&#8217;s submission of the Nomination Notice or (D) any Voting Commitment that could limit or interfere with the Nominee&#8217;s ability to comply, if elected as a director of the Corporation, with his or her
        fiduciary duties under applicable law.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The information and documents required by this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section





          15(d) </font>shall be (i) provided with respect to and executed by each group member of the Nominating Stockholder&#894; and (ii) provided with respect to the persons specified in Instructions 1 and 2 to Items 6(c) and (d)</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">16</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;" noshade="noshade"></div>
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    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">of Schedule 14N (or any successor item) in the case of a Nominating Stockholder or group member that is an entity.&#160; The Nomination Notice
        shall be deemed submitted on the date on which all the information and documents referred to in this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15(d) </font>(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></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">(e)</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">(i)&#160; Notwithstanding anything to the contrary contained in this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15</font>, the
        Corporation may omit from its proxy statement any Stockholder Nominee, and any information concerning such Stockholder Nominee (including a Nominating Stockholder&#8217;s statement in support), and in such case no vote on such Stockholder Nominee will
        occur (notwithstanding that proxies in respect of such vote may 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 <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 2 </font>of this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article III </font>without such stockholder&#8217;s notice
        expressly electing to have such director candidate(s) included in the Corporation&#8217;s proxy statement pursuant to this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15</font>&#894; (2) the Nominating
        Stockholder or the designated lead group member, as applicable, or any qualified representative thereof, does not appear at the Annual Meeting to present the nomination submitted pursuant to this <font style="font-size: 10pt; font-family: 'Times
          New Roman'; font-style: italic;">Section 15 </font>or the Nominating Stockholder withdraws its nomination&#894; (3) the Board of Directors, acting in good faith, determines that such Stockholder Nominee&#8217;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&#894; (4) the Stockholder Nominee was nominated for election to the Board of Directors pursuant to this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15 </font>at one of the Corporation&#8217;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&#894; (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&#894; 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 <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style:
          italic;">Section 15(c)</font>, 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 violation or breach occurs of any of the obligations, agreements, representations or warranties of the Nominating Stockholder or the Stockholder Nominee under
        this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15</font>.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">(ii)</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">Notwithstanding anything to the contrary contained in this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 15</font>, 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</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">17</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;" noshade="noshade"></div>
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">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&#894; (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 governmental authority&#894; (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></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The Company may solicit against, and include in the proxy statement its own statement relating to, any Stockholder Nominee.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: center; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">ARTICLE IV<font style="font-size: 10pt; font-family: 'Times New Roman';"><br>
        </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><u></u></font></font></div>
    <div style="text-align: center; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><u>OFFICERS</u></font></font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 1.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">General.&#160; </font>The officers of this Corporation shall be chosen by the Board of Directors
        and shall be the Chief Executive Officer, a President, a Chief Financial Officer and a Secretary, and may include a Senior Operating Officer, any number of Executive Vice Presidents, one or more of whom may be designated Senior Executive Vice
        President, any number of Vice Presidents with such rank as the Board of Directors may designate, any number of Assistant Secretaries, a Treasurer, and any number of Assistant Treasurers.&#160; One of such Executive Vice Presidents or Vice Presidents
        shall be designated Chief Financial Officer and shall have responsibility, subject to the direction of the Board of Directors, the Chief Executive Officer and the President, for the management of the Corporation&#8217;s financial affairs.&#160; Any number of
        offices may be held by the same person, unless otherwise prohibited by law, the Certificate of Incorporation or these By-laws.&#160; The officers of the Corporation need not be stockholders of the Corporation nor, need such officers be directors of the
        Corporation.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 2.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Election.&#160; </font>The Board of Directors at its first meeting held after each Annual
        Meeting of Stockholders shall elect the officers of the Corporation who shall hold their offices for such terms and shall exercise such powers and perform such duties as shall be determined from time to time by the Board of Directors&#894; and all
        officers of the Corporation shall hold office until their successors are chosen and qualified, or until their earlier resignation or removal.&#160; Any officer elected by the Board of Directors may be removed at any time by the affirmative vote of a
        majority of the Board of Directors.&#160; Any vacancy occurring in an office of the Corporation shall be filled by the Board of Directors.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 3.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Remuneration.&#160; </font>The Board of Directors shall have the power to fix and determine the
        salaries and other remuneration, and the terms and conditions thereof, of all executive officers of the Corporation.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 4.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; color: rgb(0, 0, 0); font-style: italic;">Section Intentionally Omitted.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">18</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;" noshade="noshade"></div>
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 5.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; color: rgb(0, 0, 0); font-style: italic;">Section Intentionally Omitted.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 6.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Chief Executive Officer</font>.&#160; The Chief Executive Officer shall have general and active
        management of the business and affairs of the Corporation, shall have plenary power to issue orders and instructions to all officers and employees of the Corporation, and shall see that all orders and resolutions of the Board of Directors and the
        Executive Committee, if any, are carried into effect.&#160; Except where by law the signature of the Chairman of the Board or the President is required, the Chief Executive Officer shall possess the power to enter into and sign all contracts,
        certificates and other instruments of the Corporation, and shall have the power to delegate any portion of his authority under these By-laws to any other officer of the Corporation.&#160; The Chief Executive Officer shall also perform such other duties
        and may exercise such other powers as from time to time may be assigned to him by these By-laws or by the Board of Directors.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 7.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">President.&#160; </font>The President shall perform such duties and have such powers as these
        By-laws, the Board of Directors or the Chief Executive Officer may from time to time prescribe.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 8.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Senior Operating Officer.&#160; </font>The Senior Operating Officer shall perform such duties
        and have such powers as are prescribed for Executive Vice Presidents and Vice Presidents under these By-laws and under any resolution of the Board of Directors and shall perform such additional duties and have such additional powers as these
        By-laws, the Board of Directors or the Chief Executive Officer may from time to time prescribe.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 9.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Executive Vice Presidents and Vice Presidents.&#160; </font>Each Executive Vice President or
        Vice President shall perform such duties and have such powers as these By-laws, the Board of Directors or the Chief Executive Officer from time to time may prescribe.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 10.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;



      </font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Secretary.&#160; </font>The Secretary shall attend all meetings of the Board of
        Directors and all meetings of stockholders and record all the proceedings thereat in a book or books to be kept for that purpose&#894; the Secretary shall also perform like duties for the standing committees of the Board of Directors when required.&#160; The
        Secretary shall give, or cause to be given, notice of all meetings of the stockholders and special meetings of the Board of Directors, and shall perform such other duties as may be prescribed by the Board of Directors or the Chairman of the Board
        of Directors, under whose supervision he shall be.&#160; If the Secretary shall be unable or shall refuse to cause to be given notice of all meetings of the stockholders and special meetings of the Board of Directors, and if there be no Assistant
        Secretary, then either the Board of Directors or the President may choose another officer to cause such notice to be given.&#160; The Secretary shall have custody of the seal of the Corporation and the Secretary or any Assistant Secretary, if there be
        any, shall have authority to affix the same to any instrument requiring it, and when so affixed, it may be attested by the signature of the Secretary or by the signature of any such Assistant Secretary.&#160; The Board of Directors may give general
        authority to any other officer to affix the seal of the Corporation and to attest the</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">19</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;" noshade="noshade"></div>
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">affixing by his signature.&#160; The Secretary shall see that all books, reports, statements, certificates and other documents and records
        required by law to be kept or filed are properly kept or filed, as the case may be.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 11.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;



      </font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Treasurer.&#160; </font>Subject to the direction of the Chief Financial Officer, the
        Treasurer shall have the custody of the corporate funds and securities and shall keep full and accurate accounts of receipts and disbursements in books belonging to the Corporation and shall deposit all moneys and other valuable effects in the name
        and to the credit of the Corporation in such depositories as may be designated by the Board of Directors.&#160; The Treasurer shall disburse the funds of the Corporation as may be ordered by the Board of Directors, taking proper vouchers for such
        disbursements, and shall render to the Chairman of the Board and the Board of Directors, at its regular meetings, or when the Board of Directors so requires, an account of all his transactions as Treasurer and of the financial condition of the
        Corporation.&#160; If required by the Board of Directors, the Treasurer shall give the Corporation a bond in such sum and with such surety or sureties as shall be satisfactory to the Board of Directors for the faithful performance of the duties of his
        office and for the restoration to the Corporation, in case of his death, resignation, retirement or removal from office, of all books, papers, vouchers, money and other property of whatever kind in his possession or under his control belonging to
        the Corporation.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 12.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;



      </font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Assistant Secretaries.&#160; </font>Except as may be otherwise provided in these
        By-laws, Assistant Secretaries, if there be any, shall perform such duties and have such powers as from time to time may be assigned to them by the Board of Directors, the Chairman of the Board of Directors, the President, any Vice President, if
        there be any, or the Secretary, and in the absence of the Secretary or in the event of his disability or refusal to act, shall perform the duties of the Secretary, and when so acting, shall have all the powers of and be subject to all the
        restrictions upon the Secretary.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 13.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;



      </font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Assistant Treasurers.&#160; </font>Assistant Treasurers, if there be any, shall
        perform such duties and have such powers as from time to time may be assigned to them by the Board of Directors, the Chairman of the Board of Directors, the President, any Vice President, if there be any, or the Treasurer, and in the absence of the
        Treasurer or in the event of his disability or refusal to act, shall perform the duties of the Treasurer, and when so acting, shall have all the powers of and be subject to all the restrictions upon the Treasurer.&#160; If required by the Board of
        Directors, an Assistant Treasurer shall give the Corporation a bond in such sum and with such surety or sureties as shall be satisfactory to the Board of Directors for the faithful performance of the duties of his office and for the restoration to
        the Corporation, in case of his death, resignation, retirement or removal from office, of all books, papers, vouchers, money and other property of whatever kind in his possession or under his control belonging to the Corporation.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 14.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;



      </font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Other Officers.&#160; </font>Such other officers as the Board of Directors may choose
        shall perform such duties and have such powers as from time to time may be assigned to them by the Board of Directors.&#160; The Board of Directors may delegate to any other officer of the Corporation the power to choose such other officers and to
        prescribe their respective duties and powers.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">20</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;" noshade="noshade"></div>
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 15.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;



      </font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Officers of Divisions.&#160; </font>The officers of divisions of the Corporation
        shall perform such duties and may exercise such powers as the Chief Executive Officer may from time to time prescribe.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: center; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">ARTICLE V<font style="font-size: 10pt; font-family: 'Times New Roman';"><br>
        </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><u>STOCK</u></font></font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 1.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Uncertificated Shares.&#160; </font>Effective April 25, 2003, the shares of Common Stock of the
        Corporation shall be uncertificated.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Notwithstanding that the shares of Common Stock of the corporation shall be uncertificated, every holder of stock of any class or series
        in the Corporation shall be entitled to have a certificate signed by, or in the name of the Corporation (i) by the Chairman or Vice Chairman, if any, of the Board of Directors, or the President, an Executive Vice President or a Vice President and
        (ii) by the Treasurer or an Assistant Treasurer, or the Secretary or an Assistant Secretary of the Corporation, representing the number of shares registered in certificate form.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 2.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Signatures.&#160; </font>Where a certificate is countersigned by (i) a transfer agent other than
        the Corporation or its employee, or (ii) a registrar other than the Corporation or its employee, any other signature on the certificate may be a facsimile.&#160; In case any officer, transfer agent or registrar who has signed or whose facsimile
        signature has been placed upon a certificate shall have ceased to be such officer, transfer agent or registrar before such certificate is issued, it may be issued by the Corporation with the same effect as if he were such officer, transfer agent or
        registrar at the date of issue.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 3.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Lost, Stolen or Destroyed Certificates.&#160; </font>The Board of Directors may direct a new
        certificate to be issued in accordance with <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 1 </font>of this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article V
        </font>in place of any certificate theretofore issued by the Corporation alleged to have been lost, stolen or destroyed, upon the making of an affidavit of that fact by the person claiming the certificate of stock to be lost, stolen or destroyed.&#160;
        When authorizing such issue of a new certificate, the Board of Directors may, in its discretion and as a condition precedent to the issuance thereof, require the owner of such lost, stolen or destroyed certificate, or his legal representative, to
        advertise the same in such manner as the Board of Directors shall require and/or to give the Corporation a bond in such sum as it may direct as indemnity against any claim that may be made against the Corporation with respect to the certificate
        alleged to have been lost, stolen or destroyed.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 4.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Transfers.&#160; </font>Stock of the Corporation shall be transferable in the manner prescribed
        by law and in these By-laws.&#160; Transfers of stock shall be made on the books of the Corporation (i) in the case of uncertificated shares, only by the person named in the stock register of the Corporation, by an attorney lawfully constituted in
        writing by such person or by any other representative of such person acceptable to the Corporation, and (ii) in the case of shares registered in certificate form, only by the person named in the certificate, by an attorney lawfully constituted in
        writing by such person or by any other representative of such person acceptable to the Corporation and</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">21</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;" noshade="noshade"></div>
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">upon the surrender of the certificate therefor, which shall be cancelled before a new certificate shall be issued in accordance with <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 1 </font>of this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article V</font>.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 5.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Record Date.&#160; </font>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 a record date, which record date shall not precede the date upon which the resolution fixing the record date is adopted by the Board of
        Directors, and which record date shall not be more than sixty days nor less than ten days before the date of such meeting, nor more than sixty days prior to any other action.&#160; A determination of stockholders of record entitled to notice of or to
        vote at a meeting of stockholders shall apply to any adjournment of the meeting, provided, however, that the Board of Directors may fix a new record date for the adjourned meeting.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 6.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Beneficial Owners.&#160; </font>The Corporation shall be entitled to recognize the exclusive
        right of a person registered on its books as the owner of shares to receive dividends, and to vote as such owner, and to hold liable for calls and assessments a person registered on its books as the owner of shares, and shall not be bound to
        recognize any equitable or other claim to or interest in such share or shares on the part of any other person, whether or not it shall have express or other notice thereof, except as otherwise provided by law.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: center; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">ARTICLE VI<font style="font-size: 10pt; font-family: 'Times New Roman';"><br>
        </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><u>NOTICES</u></font></font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 1.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Notices.&#160; </font>Whenever written notice is required by law, the Certificate of
        Incorporation or these By-laws, to be given to any director, member of a committee or stockholder, such notice may be given by mail, addressed to such director, member of a committee or stockholder, at his address as it appears on the records of
        the Corporation, with postage thereon prepaid, and such notice shall be deemed to be given at the time when the same shall be deposited in the United States mail.&#160; Written notice may also be given personally or by telegram, telex or cable or by
        facsimile or other electronic transmission.&#160; Notice given by any such means shall be deemed to have been given at the time delivered, sent or transmitted.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 2.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Waivers of Notice.&#160; </font>Whenever any notice is required by law, the Certificate of
        Incorporation or these By-laws, to be given to any director, member of a committee or stockholder, a waiver thereof in writing, signed by the person or persons entitled to said notice, whether before or after the time stated therein, shall be
        deemed equivalent thereto.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">22</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;" noshade="noshade"></div>
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
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    </div>
    <div style="text-align: center; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">ARTICLE VII<font style="font-size: 10pt; font-family: 'Times New Roman';"><br>
        </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><u>GENERAL PROVISIONS</u></font></font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 1.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Dividends.&#160; </font>Dividends upon the capital stock of the Corporation, subject to the
        provisions of the Certificate of Incorporation, if any, may be declared by the Board of Directors at any regular or special meeting, and may be paid in cash, in property, or in shares of the capital stock.&#160; Before payment of any dividend, there may
        be set aside out of any funds of the Corporation available for dividends such sum or sums as the Board of Directors from time to time, in its absolute discretion, deems proper as a reserve or reserves to meet contingencies, or for equalizing
        dividends, or for repairing or maintaining any property of the Corporation, or for any proper purpose, and the Board of Directors may modify or abolish any such reserve.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 2.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Disbursements.&#160; </font>All checks or demands for money and notes of the Corporation shall
        be signed by such officer or officers or such other person or persons as the Board of Directors may from time to time designate.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 3.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Fiscal Year.&#160; </font>The fiscal year of the Corporation shall be fixed by resolution of the
        Board of Directors.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 4.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Corporate Seal.&#160; </font>The corporate seal shall have inscribed thereon the name of the
        Corporation, the year of its organization and the words &#8220;Corporate Seal, Delaware&#8221;.&#160; The seal may be used by causing it or a facsimile thereof to be impressed or affixed or reproduced or otherwise.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 5.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Stock Held by Corporation.&#160; </font>Powers of attorney, proxies, waivers of meeting,
        consents and other instruments relating to securities owned by the Corporation may be executed in the name and on behalf of the Corporation by the Chairman of the Board, the Chief Executive Officer, or such other officer or officers as the Board of
        Directors or the Chairman of the Board may designate, and any such officer shall have full power and authority on behalf of the Corporation, in person or by proxy, to attend, and to act and vote at, any meeting of stockholders of any corporation in
        which the Corporation may hold securities, and at any such meeting shall possess, and may exercise, any and all of the rights and powers incident to the ownership of such securities.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 6.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Forum for Adjudication of Disputes</font>.&#160; Unless the Corporation consents in writing to
        the selection of an alternative forum, the Court of Chancery of the State of Delaware (the &#8220;Court of Chancery&#8221;) (or, if and only if the Court of Chancery lacks subject matter jurisdiction, any state court located within the State of Delaware or, if
        and only if all such state courts lack subject matter jurisdiction, the federal district court for the District of Delaware) shall, to the fullest extent permitted by law, be the sole and exclusive forum for (i) any derivative action or proceeding
        brought on behalf of the Corporation, (ii) any action or proceeding asserting a claim of breach of a fiduciary duty owed by any current or former director, officer or stockholder of the Corporation to the Corporation or the Corporation&#8217;s
        stockholders, (iii) any action or proceeding asserting a claim arising pursuant to, or seeking to enforce any right, obligation or remedy under, any provision of the General Corporation Law of the State of Delaware, the Certificate of</font></div>
    <div style="text-align: left; line-height: 13.7pt; font-family: &quot;Times New Roman&quot;; font-size: 10pt;"> <br>
    </div>
    <div style="text-align: left; line-height: 13.7pt; font-family: &quot;Times New Roman&quot;; font-size: 10pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">23</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;" noshade="noshade"></div>
    </div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
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    </div>
    <div style="text-align: left; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Incorporation or these By-laws (as each may be amended from time to time), (iv) any action or proceeding as to which the General
        Corporation Law of the State of Delaware confers jurisdiction on the Court of Chancery, or (v) any action or proceeding asserting a claim governed by the internal affairs doctrine. Any person or entity purchasing or otherwise acquiring or holding
        or owning (or continuing to hold or own) any interest in shares of capital stock of the Corporation shall be deemed to have notice of and consented to the provisions of this By-law.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: center; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">ARTICLE VIII<font style="font-size: 10pt; font-family: 'Times New Roman';"><br>
        </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><u>INDEMNIFICATION</u></font></font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 1.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-style: italic;">Power to Indemnify in Actions, Suits or Proceedings other than Those by or in the Right of the Corporation.</font>&#160; Subject to Section 3 of
        this Article VIII, the Corporation shall indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative
        (other than an action by or in the right of the Corporation) by reason of the fact that he is or was a director, officer, employee or agent 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 expenses (including attorneys&#8217; fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with such
        action, suit or proceeding if he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe
        his conduct was unlawful.&#160; The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the person did not act in
        good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the Corporation, and, with respect to any criminal action or proceeding, had reasonable cause to believe that his conduct was unlawful.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 2.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Power to Indemnify in Actions, Suits or Proceedings by or in the Right of the Corporation.&#160;
        </font>Subject to <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 3 </font>of this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article VIII, </font>the
        Corporation shall indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the Corporation to procure a judgment in its favor by reason of the fact
        that he is or was a director, officer, employee or agent 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 expenses (including attorneys&#8217; fees) actually and reasonably incurred by him in connection with the defense or settlement of such action or suit if he acted in good faith and in a manner he reasonably believed to be in or not
        opposed to the best interests of the Corporation&#894; except that no indemnification shall be made in respect of any claim, issue or matter as to which such person shall have been adjudged to be liable to the Corporation unless and only to the extent
        that the Court of Chancery or the court in which such action or suit was brought shall determine upon application that, despite adjudication of liability but in view of all the circumstances of</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
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    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">24</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;" noshade="noshade"></div>
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    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
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    </div>
    <div style="text-align: left; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">the case, such person is fairly and reasonably entitled to indemnity for such expenses which the Court of Chancery or such other court
        shall deem proper.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 3.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Authorization of Indemnification.&#160; </font>Any indemnification under this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article VIII </font>(unless ordered by a court) shall be made by the Corporation only as authorized in the specific case upon a determination that indemnification of
        the director, officer, employee or agent is proper in the circumstances because he has met the applicable standard of conduct set forth in <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 1 </font>or <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 2 </font>of this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article VIII, </font>as the case may be.&#160; Such
        determination shall be made (i) by the Board of Directors by a majority vote of a quorum consisting of directors who were not parties to such action, suit or proceeding, or (ii) if such a quorum is not obtainable, or, even if obtainable a quorum of
        disinterested directors so directs, by independent legal counsel in a written opinion, or (iii) by the stockholders.&#160; To the extent, however, that a director, officer, employee or agent of the Corporation has been successful on the merits or
        otherwise in defense of any action, suit or proceeding referred to in <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 1 </font>or <font style="font-size: 10pt; font-family: 'Times New Roman';
          font-style: italic;">Section 2 </font>of this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article VIII, </font>or in defense of any claim, issue or matter therein, he shall be indemnified against expenses
        (including attorneys&#8217; fees) actually and reasonably incurred by him in connection therewith, without the necessity of authorization in the specific case.</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 4.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Good Faith Defined.&#160; </font>For purposes of any determination under <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 3 </font>of this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article VIII, </font>a person shall be deemed to have
        acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Corporation, or, with respect to any criminal action or proceeding, to have had no reasonable cause to believe his conduct was unlawful,
        if his action is based on the records or books of account of the Corporation or another enterprise, or on information, opinions, reports or statements supplied to him by the officers or employees of the Corporation or another enterprise in the
        course of their duties, or by a committee of the Board of Directors of the Corporation, or on the advice of legal counsel for the Corporation or another enterprise or on information or records given or reports or statements made to the Corporation
        or another enterprise by an independent certified public accountant, by an appraiser or by another person selected with reasonable care by or on behalf of the Corporation or another enterprise as to matters such person reasonably believes are
        within such certified public accountant&#8217;s, appraiser&#8217;s, or other person&#8217;s professional or expert competence.&#160; The term &#8220;another enterprise&#8221; as used in this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section
          4 </font>shall mean any other corporation or any partnership, joint venture, trust or other enterprise of which such person is or was serving at the request of the Corporation as a director, officer, employee or agent.&#160; The provisions of this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 4 </font>shall not be deemed to be exclusive or to limit in any way the circumstances in which a person may be deemed to have met the applicable standard of
        conduct set forth in <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Sections 1 </font>or <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">2 </font>of this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article VIII</font>, as the case may be.</font></div>
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    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 5.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Indemnification by a Court.&#160; </font>Notwithstanding any contrary determination in the
        specific case under <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Section 3 </font>of this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article VIII</font>, and
        notwithstanding the absence of any determination thereunder, any director, officer, employee or agent may apply to any court of competent jurisdiction in the State of Delaware for indemnification to the extent otherwise permissible under <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Sections 1 </font>and <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">2 </font>of this <font style="font-size: 10pt; font-family:
          'Times New Roman'; font-style: italic;">Article VIII.&#160; </font>The basis of such indemnification by a court shall be a determination</font></div>
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    <div style="text-align: left; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">by such court that indemnification of the director, officer, employee or agent is proper in the circumstances because he has met the
        applicable standards of conduct set forth in <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Sections 1 </font>or <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">2 </font>of
        this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article VIII</font>, as the case may be.&#160; Notice of any application for indemnification pursuant to this <font style="font-size: 10pt; font-family: 'Times New
          Roman'; font-style: italic;">Section 5 </font>shall be given to the Corporation promptly upon the filing of such application.</font></div>
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    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 6.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Expenses Payable in Advance.&#160; </font>Expenses incurred in defending or investigating a
        threatened or pending action, suit or proceeding may be paid by the Corporation in advance of the final disposition of such action, suit or proceeding upon receipt of an undertaking by or on behalf of the director, officer, employee or agent to
        repay such amount if it shall ultimately be determined that he is not entitled to be indemnified by the Corporation as authorized in this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article VIII.</font></font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
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    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 7.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Non-exclusivity and Survival of Indemnification.&#160; </font>The indemnification and
        advancement of expenses provided by this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article VIII </font>shall not be deemed exclusive of any other rights to which those seeking indemnification or
        advancement of expenses may be entitled under any By-law, agreement, contract, vote of stockholders or disinterested directors or pursuant to the direction (howsoever embodied) of any court of competent jurisdiction or otherwise, both as to action
        in his official capacity and as to action in another capacity while holding such office, it being the policy of the Corporation that indemnification of the persons specified in <font style="font-size: 10pt; font-family: 'Times New Roman';
          font-style: italic;">Sections 1 </font>and <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">2 </font>of this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article VIII </font>shall





        be made to the fullest extent permitted by law.&#160; The provisions of this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article VIII </font>shall not be deemed to preclude the indemnification of any person who
        is not specified in <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Sections 1 </font>or <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">2 </font>of this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article VIII </font>but whom the Corporation has the power or obligation to indemnify under the provisions of the General Corporation Law of the State of Delaware, or
        otherwise.&#160; The indemnification and advancement of expenses provided by this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article VIII </font>shall continue as to a person who has ceased to be a director,
        officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such person.</font></div>
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    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 8.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Insurance.&#160; </font>The Corporation may purchase and maintain insurance on behalf of any
        person who is or was a director, officer, employee or agent 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 liability asserted against him and incurred by him in any such capacity, or arising out of his status as such, whether or not the Corporation would have the power or the obligation to indemnify him against such liability
        under the provisions of this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article VIII.</font></font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">SECTION 9.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Meaning of &#8220;Corporation&#8221; for Purposes of Article VIII.&#160; </font>For purposes of this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article VIII, </font>references to &#8220;the Corporation&#8221; shall include, in addition to the resulting corporation, any constituent corporation (including any constituent of
        a constituent) absorbed in a consolidation or merger which, if its separate existence had continued, would have had power and authority to indemnify its directors, officers, and employees or agents, so that any person who is or was a director,
        officer, employee or agent of such constituent corporation, or is or was serving at the request of such constituent corporation as a director, officer, employee or agent of another corporation,</font></div>
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    <div style="text-align: left; line-height: 13.7pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">partnership, joint venture, trust or other enterprise, shall stand in the same position under the provisions of this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Article VIII </font>with respect to the resulting or surviving corporation as he would have with respect to such constituent corporation if its separate existence had
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>ex99-1.htm
<DESCRIPTION>PROPOSAL PRESS RELEASE
<TEXT>
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      <div style="font-family: Arial; text-align: right;"><font style="font-family: Arial;"><font style="font-weight: bold; font-family: &quot;Times New Roman&quot;;">Exhibit 99.1</font><br>
        </font> </div>
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                  text-align: left;">
                  <div style="font-family: Arial;">NEWS RELEASE</div>
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        <div style="text-align: center;"><font style="font-weight: bold; font-family: Arial; font-size: 10pt;"><u> <br>
            </u></font></div>
        <div style="text-align: center;"><font style="font-weight: bold; font-family: Arial; font-size: 10pt;"><u>Occidental Delivers Revised Proposal to Acquire Anadarko</u></font></div>
        <div><br>
        </div>
        <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial; font-style: italic;">$76.00 Per Share Offer &#8211; 78% Cash and 22% Stock</font></div>
        <div><br>
        </div>
        <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial; font-style: italic;">Increased Cash Portion of $59 Per Share Provides Significant Immediate Value, Greater Closing Certainty and Enhanced Accretion</font></div>
        <div><br>
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        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial;"><font style="font-size: 10pt; font-family: Arial; font-weight: bold;">HOUSTON, May 5, 2019 --</font> Today, <font style="color: rgb(5, 98, 193);"><u><font style="font-size: 10pt; font-family: Arial;">Occidental Petroleum Corporation</font></u></font> (&#8220;Occidental&#8221; or &#8220;the Company&#8221;) (NYSE: OXY) delivered a letter to the Board of Directors of Anadarko Petroleum Corporation (&#8220;Anadarko&#8221;) (NYSE:
            APC) setting forth the terms of a revised and significantly enhanced superior proposal to acquire Anadarko for $76.00 per share comprised of $59.00 in cash and 0.2934 shares of Occidental common stock per share of Anadarko common stock.</font></div>
        <div><br>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial;">The revised proposal, which has been unanimously approved by the Occidental Board of Directors, represents a premium of approximately 23.3% to the $61.62 per share
            value of Chevron&#8217;s pending offer as of market close on May 3, 2019.</font></div>
        <div><br>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial;">On April 29, 2019, Anadarko announced its Board of Directors had determined that Occidental&#8217;s prior proposal, made on April 24, could reasonably be expected to result
            in a &#8220;Superior Proposal&#8221;, and the two companies have engaged since that determination.</font></div>
        <div><br>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial;">&#8220;We firmly believe that Occidental is uniquely positioned to drive significant value and growth from Anadarko&#8217;s highly complementary asset portfolio,&#8221; said Occidental
            President and CEO, Vicki Hollub. &#8220;This combination will create a global energy leader with the scale and geographic diversification to drive compelling returns to the shareholders of both companies,&#8221; she added.</font></div>
        <div><br>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial;">&#8220;The financial support of Berkshire Hathaway as well as the agreement we announced with Total allows us to delever our balance sheet while focusing our integration
            efforts on the assets that will provide the most value for us,&#8221; she continued.</font></div>
        <div><br>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial; font-weight: bold;"><font style="font-size: 10pt; font-family: Arial;"><u>Agreement to Sell Anadarko Assets to Total</u></font></font></div>
        <div><br>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial;">In a separate release issued today, Occidental announced that, in connection with the Company&#8217;s proposal to acquire Anadarko, it has entered into a binding agreement
            to sell Anadarko&#8217;s Algeria, Ghana, Mozambique and South Africa assets to Total S.A. (&#8220;Total&#8221;) (NYSE: TOT) for $8.8 billion. Additional details regarding the agreement are available in that release.</font></div>
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        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial; font-weight: bold;"><font style="font-size: 10pt; font-family: Arial;"><u>Letter to Anadarko</u></font></font></div>
        <div><br>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial;">The following is a copy of the letter that Occidental delivered to Anadarko&#8217;s Board of Directors:</font></div>
        <div><br>
        </div>
        <div style="text-align: left; margin-left: 36pt;"><font style="font-size: 10pt; font-family: Arial;">Board of Directors</font></div>
        <div style="text-align: left; margin-left: 36pt;"><font style="font-size: 10pt; font-family: Arial;">Anadarko Petroleum Corporation</font></div>
        <div style="text-align: left; margin-left: 36pt;"><font style="font-size: 10pt; font-family: Arial;">c/o H. Paulett Eberhart</font></div>
        <div style="text-align: left; margin-left: 36pt;"><font style="font-size: 10pt; font-family: Arial;">and R. A. Walker</font></div>
        <div><br>
        </div>
        <div style="text-align: left; margin-left: 36pt;"><font style="font-size: 10pt; font-family: Arial;">May 5, 2019</font></div>
        <div><br>
        </div>
        <div style="text-align: left; margin-left: 36pt;"><font style="font-size: 10pt; font-family: Arial;">Dear Members of the Anadarko Board of Directors:</font></div>
        <div><br>
        </div>
        <div style="text-align: left; margin-left: 36pt;"><font style="font-size: 10pt; font-family: Arial;">We are pleased to submit our revised proposal to acquire Anadarko for $76 per share, comprised of $59 in cash and 0.2934 shares of Occidental
            common stock per Anadarko share.&#160; Our Board of Directors has unanimously approved this proposal and we are enclosing the merger agreement, attaching disclosure schedules of Anadarko and Occidental, which we are prepared to sign, together with a
            copy of our equity commitment from Berkshire Hathaway and our debt commitment from BofA Merrill Lynch and Citi.</font></div>
        <div><br>
        </div>
        <div style="text-align: left; margin-left: 36pt;"><font style="font-size: 10pt; font-family: Arial;">Our revised proposal represents a premium of approximately 23.3% to the $61.62 per share value of Chevron&#8217;s offer as of Friday&#8217;s market close.&#160; The
            significantly increased cash component provides value and closing certainty and the equity component continues to provide your shareholders an opportunity to participate in the value creation of this exciting combination.&#160; Our revised proposal
            does not require an Occidental shareholder vote, which has been repeatedly cited as the explanation for why you previously chose Chevron&#8217;s $65 offer over our $76 offer.</font></div>
        <div><br>
        </div>
        <div style="text-align: left; margin-left: 36pt;"><font style="font-size: 10pt; font-family: Arial;">Anadarko announced on April 29 that the Board of Directors of Anadarko had determined that our April 24 proposal of $76 comprised of $38 in cash
            and 0.6094 shares of Occidental common stock per Anadarko share, could reasonably be expected to result in a &#8220;Superior Proposal&#8221; as defined in your agreement with Chevron.&#160; We hope that the Board of Directors of Anadarko will promptly declare
            our revised and significantly enhanced proposal a &#8220;Superior Proposal,&#8221; so that you can comply with your obligations under your existing merger agreement and expeditiously secure this compelling value for Anadarko shareholders.</font></div>
        <div><br>
        </div>
        <div style="text-align: left; margin-left: 36pt;"><font style="font-size: 10pt; font-family: Arial;">Our revised proposal and merger agreement represents our comprehensive response to all points that your counsel has raised with ours over the
            course of the past week.&#160; Your counsel communicated to ours on Thursday evening a request for three board seats on the Occidental board.&#160; We believe our revised proposal, which is 78% cash, does not support this and therefore we have not
            included such a provision.&#160; The $1 billion breakup fee that resulted from your decision to select a $65 merger rather than the $76 per share we offered three weeks ago, will be borne by Occidental once we acquire Anadarko.</font></div>
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        </div>
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        </div>
        <div style="text-align: left; margin-left: 36pt;"><font style="font-size: 10pt; font-family: Arial;">Our merger agreement does not contain any financing condition or, as noted above, any Occidental shareholder approval condition, and we do not
            anticipate any delay to completing the regulatory approval process.&#160; We would expect to be in a position to close a transaction in the second half of 2019.&#160; As you are aware, our financial advisors are BofA Merrill Lynch and Citi, and our legal
            advisors are Cravath, Swaine &amp; Moore LLP, and we and they are available if you have any questions.</font></div>
        <div><br>
        </div>
        <div style="text-align: left; margin-left: 36pt;"><font style="font-size: 10pt; font-family: Arial;">We remain perplexed at your apparent resistance to obtaining far more value for Anadarko shareholders which has been expressed clearly through our
            interactions over the last week.&#160; As you know from our long-standing interest, we firmly believe that Occidental is uniquely positioned to create significant and sustainable growth and value from Anadarko&#8217;s asset portfolio.&#160; We hope we can
            execute this merger agreement without delay and proceed to bringing this exciting combination to fruition.</font></div>
        <div><br>
        </div>
        <div style="text-align: left; margin-left: 36pt;"><font style="font-size: 10pt; font-family: Arial;">Sincerely,</font></div>
        <div><br>
        </div>
        <div style="text-align: left; margin-left: 36pt;"><font style="font-size: 10pt; font-family: Arial;">Vicki Hollub</font></div>
        <div style="text-align: left; margin-left: 36pt;"><font style="font-size: 10pt; font-family: Arial;">President and Chief Executive Officer</font></div>
        <div style="text-align: left; margin-left: 36pt;"><font style="font-size: 10pt; font-family: Arial;">Occidental Petroleum Corporation</font></div>
        <div><br>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial; font-weight: bold;"><font style="font-size: 10pt; font-family: Arial;"><u>Conference Call</u></font></font></div>
        <div><br>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial;">The Company will hold a conference call on Monday, May 6, 2019, at 8 a.m. Eastern/7 a.m. Central. The conference call may be accessed by calling 1-866-871-6512
            (international callers dial 1-412-317-5417) or via webcast at oxy.com/investors. A recording of the webcast will be posted on the Investor Relations section of the website within several hours after the call is completed.</font></div>
        <div><br>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial; font-weight: bold;"><font style="font-size: 10pt; font-family: Arial;"><u>Advisors</u></font></font></div>
        <div><br>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial;">BofA Merrill Lynch and Citi are acting as Occidental&#8217;s financial advisors. Cravath, Swaine &amp; Moore LLP is providing legal counsel to Occidental.</font></div>
        <div><br>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial; font-weight: bold;"><font style="font-size: 10pt; font-family: Arial;"><u>About Occidental</u></font></font></div>
        <div><br>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial;"><font style="color: rgb(0, 0, 0);"><font style="color: rgb(5, 101, 193);"><u><font style="font-size: 10pt; font-family: Arial;">Occi<font style="color: rgb(5, 101,
                      193);">de</font>ntal</font></u></font><font style="font-size: 10pt; font-family: Arial;"> </font></font>is an international oil and gas exploration and production company with operations in the United States, Middle East and Latin
            America. Headquartered in Houston, Occidental is one of the largest U.S. oil and gas companies, based on equity market capitalization. Occidental&#8217;s midstream and marketing segment purchases, markets, gathers, processes, transports and stores
            hydrocarbons and other commodities. The company&#8217;s wholly owned subsidiary OxyChem manufactures and markets basic chemicals and vinyls. Occidental posts or provides links to important information on its website at <font style="color: rgb(5,
              101, 193);"><u><font style="font-size: 10pt; font-family: Arial;">oxy.com</font></u></font>.</font></div>
        <div><br>
        </div>
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        <div><br>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial; font-weight: bold;"><font style="font-size: 10pt; font-family: Arial;"><u>Forward Looking Statements</u></font></font></div>
        <div><br>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial;">Any statements in this press release about Occidental&#8217;s expectations, beliefs, plans or forecasts, including statements regarding the proposed transaction between
            Occidental and Anadarko or the proposed transaction between Occidental and Total, benefits and synergies of the proposed transactions and future opportunities for the combined company and products and securities, that are not historical facts
            are forward-looking statements. These statements are typically identified by words such as &#8220;estimate,&#8221; &#8220;project,&#8221; &#8220;predict,&#8221; &#8220;will,&#8221; &#8220;would,&#8221; &#8220;should,&#8221; &#8220;could,&#8221; &#8220;may,&#8221; &#8220;might,&#8221; &#8220;anticipate,&#8221; &#8220;plan,&#8221; &#8220;intend,&#8221; &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;aim,&#8221; &#8220;goal,&#8221;
            &#8220;target,&#8221; &#8220;objective,&#8221; &#8220;likely&#8221; or similar expressions that convey the prospective nature of events or outcomes. Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties.
            Actual results may differ from anticipated results, sometimes materially, and reported or expected results should not be considered an indication of future performance. Factors that could cause actual results to differ include, but are not
            limited to: the ultimate outcome of any possible transaction between Occidental and Anadarko, including the possibility that Anadarko will reject the proposed transaction with Occidental or that the terms of any definitive agreement will be
            materially different from those described above; uncertainties as to whether Anadarko will cooperate with Occidental regarding the proposed transaction; Occidental&#8217;s ability to consummate the proposed transaction with Anadarko or the proposed
            transactions with Total; the conditions to the completion of the proposed transactions, including the receipt of Anadarko stockholder approval for the proposed transaction between Occidental and Anadarko; that the regulatory approvals required
            for the proposed transactions may not be obtained on the terms expected or on the anticipated schedule or at all; Occidental&#8217;s ability to finance the proposed transaction with Anadarko, including completion of any contemplated equity
            investment; Occidental&#8217;s indebtedness, including the substantial indebtedness Occidental expects to incur in connection with the proposed transaction with Anadarko and the need to generate sufficient cash flows to service and repay such debt;
            Occidental&#8217;s ability to meet expectations regarding the timing, completion and accounting and tax treatments of the transactions contemplated by the binding agreement with Total; Occidental&#8217;s ability to meet expectations regarding the timing,
            completion and accounting and tax treatments of the proposed transaction with Anadarko; the possibility that Occidental may be unable to achieve expected synergies and operating efficiencies within the expected time-frames or at all and to
            successfully integrate Anadarko&#8217;s operations with those of Occidental; that such integration may be more difficult, time-consuming or costly than expected; that operating costs, customer loss and business disruption (including, without
            limitation, difficulties in maintaining relationships with employees, customers or suppliers) may be greater than expected following the proposed transaction or the public announcement of the proposed transaction; the retention of certain key
            employees of Anadarko may be difficult; that Anadarko and Occidental are subject to intense competition and increased competition is expected in the future; general economic conditions that are less favorable than expected. Additional risks
            that may affect Occidental&#8217;s results of operations and financial position appear in Part I, Item 1A &#8220;Risk Factors&#8221; of Occidental&#8217;s Annual Report on Form 10-K for the year ended December 31, 2018, and in Occidental&#8217;s other filings with the U.S.
            Securities and Exchange Commission (&#8220;SEC&#8221;).</font></div>
        <div><br>
        </div>
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        <div><br>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial;">Because the factors referred to above could cause actual results or outcomes to differ materially from those expressed or implied in any forward-looking statements,
            you should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date of this press release and, unless legally required, Occidental does not undertake any obligation to
            update any forward-looking statement, as a result of new information, future events or otherwise.</font></div>
        <div><br>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial; font-weight: bold;"><font style="font-size: 10pt; font-family: Arial;"><u>No Offer or Solicitation</u></font></font></div>
        <div><br>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial;">This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall
            there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made
            except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.</font></div>
        <div><br>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial; font-weight: bold;"><font style="font-size: 10pt; font-family: Arial;"><u>Additional Information and Where to Find It</u></font></font></div>
        <div><br>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial;">This press release relates to a proposal which Occidental has made for an acquisition of Anadarko. In furtherance of this proposal and subject to future developments,
            Occidental (and, if a negotiated transaction is agreed, Anadarko) may file one or more registration statements, proxy statements, tender offer statements or other documents with the SEC. This press release is not a substitute for any proxy
            statement, registration statement, tender offer statement, prospectus or other document Occidental and/or Anadarko may file with the SEC in connection with the proposed transactions.</font></div>
        <div><br>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial;">INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT(S), REGISTRATION STATEMENT(S), TENDER OFFER STATEMENT, PROSPECTUS AND ANY OTHER RELEVANT
            DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT OCCIDENTAL, ANADARKO AND THE PROPOSED TRANSACTIONS. Any definitive proxy statement(s) or
            prospectus(es) (if and when available) will be mailed to stockholders of Occidental and/or Anadarko, as applicable. Investors and security holders will be able to obtain copies of these documents (if and when available) and other documents
            filed with the SEC by Occidental free of charge through the website maintained by the SEC at www.sec.gov. Copies of the documents filed by Occidental (if and when available) will also be made available free of charge by accessing Occidental&#8217;s
            website at <font style="color: rgb(5, 101, 193);"><u><font style="font-size: 10pt; font-family: Arial;">www.oxy.com</font></u></font>.</font></div>
        <div><br>
        </div>
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        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial; font-weight: bold;"><font style="font-size: 10pt; font-family: Arial;"><u>Participants</u></font></font></div>
        <div><br>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial;">This press release is neither a solicitation of a proxy nor a substitute for any proxy statement or other filings that may be made with the SEC. Nonetheless,
            Occidental and its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transactions. Information about Occidental&#8217;s executive
            officers and directors is available in Occidental&#8217;s Annual Report on Form 10-K for the year ended December 31, 2018, which was filed with the SEC on February 21, 2019, and in its proxy statement for the 2019 Annual Meeting which was filed with
            the SEC on March 28, 2019. To the extent holdings of Occidental securities have changed since the amounts printed in the proxy statement for the 2019 Annual Meeting, such changes have been or will be reflected on Statements of Change in
            Ownership on Form 4 filed with the SEC. Additional information regarding the interests of such potential participants will be included in one or more registration statements, proxy statements, tender offer statements or other documents filed
            with the SEC if and when they become available. These documents (if and when available) may be obtained free of charge from the SEC&#8217;s website <font style="color: rgb(5, 101, 193);"><u>http://www.sec.gov</u></font>.</font></div>
        <div><br>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial; font-weight: bold;"><font style="font-size: 10pt; font-family: Arial;"><u>Contacts</u></font></font></div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial;">Media:</font></div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial;">Melissa E. Schoeb</font></div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial;">713-366-5615</font></div>
        <div style="text-align: left; color: rgb(5, 99, 193);"><u><font style="font-size: 10pt; font-family: Arial;"><font style="font-size: 10pt; font-family: Arial;">melissa_schoeb@oxy.com</font></font></u></div>
        <div><br>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial;">or</font></div>
        <div><br>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial;">Investors:</font></div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial;">Jeff Alvarez</font></div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial;">713-215-7864</font></div>
        <div style="text-align: left;"><u><font style="font-size: 10pt; font-family: Arial; color: #0563C1;"><font style="font-size: 10pt; font-family: Arial;">jeff_alvarez@oxy.com</font></font></u></div>
        <div><br>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial;">Dan Burch</font></div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial;">MacKenzie Partners, Inc.</font></div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial;">212-929-5748 or 516-429-2722</font></div>
        <div style="text-align: left;"><u><font style="font-size: 10pt; font-family: Arial; color: #0563C1;"><font style="font-size: 10pt; font-family: Arial;">dburch@mackenziepartners.com</font></font></u></div>
        <div><br>
        </div>
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<TYPE>EX-99.2
<SEQUENCE>4
<FILENAME>ex99-2.htm
<DESCRIPTION>TOTAL PRESS RELEASE
<TEXT>
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  <font style="font-weight: bold; font-family: &quot;Times New Roman&quot;;"> Exhibit 99.2</font><br>
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              <div style="font-family: Arial;">NEWS RELEASE</div>
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    <div style="text-align: center;"><font style="font-weight: bold; color: rgb(0, 0, 0); font-family: Arial; font-size: 10pt;"><u>Occidental Agrees to Contingent Sale of Anadarko African Assets to Total for $8.8 Billion</u></font> </div>
    <div style="line-height: 14.4pt;">
      <div style="line-height: 14.4pt;"><br style="line-height: 14.4pt;">
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      <div style="text-indent: 36pt; line-height: 14.4pt; text-align: left;"><font style="font-size: 10pt; font-family: Arial;"><font style="font-size: 10pt; font-family: Arial; font-weight: bold; color: rgb(0, 0, 0);">H</font><font style="font-size: 10pt;
            font-family: Arial; font-weight: bold; color: rgb(0, 0, 0);">OUSTON, May 5, 2019 &#8211;</font><font style="font-size: 10pt; font-family: Arial; color: rgb(0, 0, 0);">&#160;</font><font style="color: rgb(5, 99, 193);"><u><font style="font-size: 10pt;
                font-family: Arial;">Occ<font style="color: rgb(5, 99, 193);">iden</font><font style="color: rgb(5, 99, 193);">tal Pe</font>troleum Corporation</font></u></font><font style="font-size: 10pt; font-family: Arial; color: rgb(0, 0, 0);">
            (&#8220;Occidental&#8221; or &#8220;the Company&#8221;) (NYSE: OXY) announced today that, in connection with Occidental&#8217;s proposal to acquire Anadarko Petroleum Corporation (&#8220;Anadarko&#8221;) (NYSE: APC), it has entered into a binding agreement to sell Anadarko&#8217;s Algeria,
            Ghana, Mozambique and South Africa assets to Total S.A. (&#8220;Total&#8221;) (NYSE: TOT) for $8.8 billion. The sale is contingent upon Occidental entering into and completing its proposal to acquire Anadarko, and would be expected to close simultaneously
            or as soon as reasonably practicable afterwards.</font></font></div>
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      <div style="text-indent: 36pt; line-height: 14.4pt; text-align: left;"><font style="font-size: 10pt; font-family: Arial; color: rgb(0, 0, 0);">The assets to be sold to Total represent approximately 6% of the expected net production and approximately
          7% of the cash flow after capital expenditures of Occidental in 2020 pro forma for the acquisition of Anadarko.</font></div>
    </div>
    <div style="line-height: 14.4pt;">
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      <div style="text-indent: 36pt; line-height: 14.4pt; text-align: left;"><font style="font-size: 10pt; font-family: Arial; color: rgb(0, 0, 0);">The proceeds of the sale of these high quality non-strategic assets covers a portion of the cash
          consideration to fund the proposed acquisition of Anadarko. The sale fast-tracks the divestiture plan previously described by Occidental, delivering on the majority of the $10 to $15 billion of planned asset sales. It also reduces the overall
          integration demands of the acquisition. After giving effect to the asset sale, Occidental continues to expect to deliver $2.0 billion of annual cost synergies and $1.5 billion of annual capital reductions from the proposed acquisition of
          Anadarko.</font></div>
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    <div style="line-height: 14.4pt;">
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      <div style="text-indent: 36pt; line-height: 14.4pt; text-align: left;"><font style="font-size: 10pt; font-family: Arial; color: rgb(0, 0, 0);">&#8220;We are pleased to have secured this agreement with Total. The $8.8 billion value to be received for Africa
          represents an attractive value based on our extensive evaluation over the last 18 months<font style="font-size: 10pt; font-family: Arial;">.</font> Given our long history of working together productively, I am confident we can execute this sale
          quickly and efficiently,&#8221; said Occidental President and CEO Vicki Hollub. &#8220;Total has extensive experience working in Africa and is well positioned to maximize value from these assets.&#8217;&#8217;</font></div>
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    <div style="line-height: 14.4pt;">
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      <div style="text-indent: 36pt; line-height: 14.4pt; text-align: left;"><font style="font-size: 10pt; font-family: Arial; color: rgb(0, 0, 0);">&#8220;These are world class assets with great upside, and we welcome the opportunity to leverage our expertise
          in LNG and deepwater developments as well as our long history of operating in Africa,&#8221; said Patrick Pouyann&#233;, Chairman and CEO of Total. &#8220;We have worked successfully with Occidental for many years and we are committed to execute smoothly this
          transaction.&#8221;</font></div>
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      <div style="line-height: 14.4pt; text-align: left;"><font style="font-size: 10pt; font-family: Arial; font-weight: bold; color: rgb(0, 0, 0);"><font style="font-size: 10pt; font-family: Arial;"><u>About Occidental</u></font></font></div>
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      <div style="line-height: 14.4pt; text-indent: 36pt; text-align: left;"><font style="font-size: 10pt; font-family: Arial;"><font style="color: rgb(5, 99, 193);"><u>Occidental</u></font><font style="font-size: 10pt; font-family: Arial; color: rgb(0, 0,
            0);"> is an international oil and gas exploration and production company with&#160;<u></u>operations in the United States, Middle East and Latin America. Headquartered in Houston, Occidental is one of the largest U.S. oil and gas companies, based on
            equity market capitalization. Occidental&#8217;s midstream and marketing segment purchases, markets, gathers, processes, transports and stores hydrocarbons and other commodities. The company&#8217;s wholly owned subsidiary OxyChem manufactures and markets
            basic chemicals and vinyls. Occidental posts or provides links to important information on its website at<font style="color: rgb(5, 99, 193);"> </font></font><font style="color: rgb(5, 99, 193);"><u><font style="font-size: 10pt; font-family:
                Arial;">oxy.com</font></u></font><font style="font-size: 10pt; font-family: Arial; color: rgb(0, 0, 0);">.</font></font></div>
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      </div>
      <div style="line-height: 14.4pt; text-align: left;"><font style="font-size: 10pt; font-family: Arial; font-weight: bold; color: rgb(0, 0, 0);"><font style="font-size: 10pt; font-family: Arial;"><u>Forward Looking Statements</u></font></font></div>
      <div style="line-height: 14.4pt;"><br style="line-height: 14.4pt;">
      </div>
    </div>
    <div style="line-height: 14.4pt;">
      <div style="text-indent: 36pt; line-height: 14.4pt; text-align: left;"><font style="font-size: 10pt; font-family: Arial; color: rgb(0, 0, 0);">Any statements in this press release about Occidental&#8217;s expectations, beliefs, plans or forecasts,
          including statements regarding the proposed transaction between Occidental and Anadarko or the proposed transaction between Occidental and Total, benefits and synergies of the proposed transactions and future opportunities for the combined
          company and products and securities, that are not historical facts are forward-looking statements. These statements are typically identified by words such as &#8220;estimate,&#8221; &#8220;project,&#8221; &#8220;predict,&#8221; &#8220;will,&#8221; &#8220;would,&#8221; &#8220;should,&#8221; &#8220;could,&#8221; &#8220;may,&#8221; &#8220;might,&#8221;
          &#8220;anticipate,&#8221; &#8220;plan,&#8221; &#8220;intend,&#8221; &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;aim,&#8221; &#8220;goal,&#8221; &#8220;target,&#8221; &#8220;objective,&#8221; &#8220;likely&#8221; or similar expressions that convey the prospective nature of events or outcomes. Forward-looking statements involve estimates, expectations,
          projections, goals, forecasts, assumptions, risks and uncertainties. Actual results may differ from anticipated results, sometimes materially, and reported or expected results should not be considered an indication of future performance. Factors
          that could cause actual results to differ include, but are not limited to: the ultimate outcome of any possible transaction between Occidental and Anadarko, including the possibility that Anadarko will reject the proposed transaction with
          Occidental or that the terms of any definitive agreement will be materially different from those described above; uncertainties as to whether Anadarko will cooperate with Occidental regarding the proposed transaction; Occidental&#8217;s ability to
          consummate the proposed transaction with Anadarko or the proposed transactions with Total; the conditions to the completion of the proposed transactions, including the receipt of Anadarko stockholder approval for the proposed transaction between
          Occidental and Anadarko; that the regulatory approvals required for the proposed transactions may not be obtained on the terms expected or on the anticipated schedule or at all; Occidental&#8217;s ability to finance the proposed transaction with
          Anadarko, including completion of any contemplated equity investment; Occidental&#8217;s indebtedness, including the substantial indebtedness Occidental expects to incur in connection with the proposed transaction with Anadarko and the need to generate
          sufficient cash flows to service and repay such debt; Occidental&#8217;s ability to meet expectations regarding the timing, completion and accounting and tax treatments of the transactions contemplated by the binding agreement with Total; Occidental&#8217;s
          ability to meet expectations regarding the timing, completion and accounting and tax treatments of the proposed transaction with Anadarko; the possibility that Occidental may be unable to achieve expected synergies and operating efficiencies
          within the expected time-frames or at all and to successfully integrate Anadarko&#8217;s operations with those of Occidental; that such integration may be more difficult, time-consuming or costly than expected; that operating costs, customer loss and
          business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers or suppliers) may be greater than expected following the proposed transaction or the public announcement of the proposed
          transaction; the retention of certain key employees of Anadarko may be difficult; that Anadarko and Occidental are subject to intense competition and increased competition is expected in the future; general economic conditions that are less
          favorable than expected. Additional risks that may affect Occidental&#8217;s results of operations and financial position appear in Part I, Item 1A &#8220;Risk Factors&#8221; of Occidental&#8217;s Annual Report on Form 10-K for the year ended December 31, 2018, and in
          Occidental&#8217;s other filings with the U.S. Securities and Exchange Commission (&#8220;SEC&#8221;).</font></div>
    </div>
    <div style="line-height: 14.4pt;">
      <div style="line-height: 14.4pt;"><br style="line-height: 14.4pt;">
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: rgb(191, 191, 191); background-color: rgb(191, 191, 191);" noshade="noshade"></div>
      </div>
      <div style="line-height: 14.4pt;"><br style="line-height: 14.4pt;">
      </div>
    </div>
    <div style="line-height: 14.4pt;">
      <div style="text-indent: 36pt; line-height: 14.4pt; text-align: left;"><font style="font-size: 10pt; font-family: Arial; color: rgb(0, 0, 0);">Because the factors referred to above could cause actual results or outcomes to differ materially from
          those expressed or implied in any forward-looking statements, you should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date of this press release and, unless legally
          required, Occidental does not undertake any obligation to update any forward-looking statement, as a result of new information, future events or otherwise.</font></div>
    </div>
    <div style="line-height: 14.4pt;">
      <div style="line-height: 14.4pt;"><br style="line-height: 14.4pt;">
      </div>
      <div style="line-height: 14.4pt; text-align: left;"><font style="font-size: 10pt; font-family: Arial; font-weight: bold; color: rgb(0, 0, 0);"><font style="font-size: 10pt; font-family: Arial;"><u>No Offer or Solicitation</u></font></font></div>
      <div style="line-height: 14.4pt;"><br style="line-height: 14.4pt;">
      </div>
    </div>
    <div style="line-height: 14.4pt;">
      <div style="text-indent: 36pt; line-height: 14.4pt; text-align: left;"><font style="font-size: 10pt; font-family: Arial; color: rgb(0, 0, 0);">This press release does not constitute an offer to sell or the solicitation of an offer to buy any
          securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of
          any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.</font></div>
    </div>
    <div style="line-height: 14.4pt;">
      <div style="line-height: 14.4pt;"><br style="line-height: 14.4pt;">
      </div>
      <div style="line-height: 14.4pt; text-align: left;"><font style="font-size: 10pt; font-family: Arial; font-weight: bold; color: rgb(0, 0, 0);"><font style="font-size: 10pt; font-family: Arial;"><u>Additional Information and Where to Find It</u></font></font></div>
      <div style="line-height: 14.4pt;"><br style="line-height: 14.4pt;">
      </div>
    </div>
    <div style="line-height: 14.4pt;">
      <div style="text-indent: 36pt; line-height: 14.4pt; text-align: left;"><font style="font-size: 10pt; font-family: Arial; color: rgb(0, 0, 0);">This press release relates to a proposal which Occidental has made for an acquisition of Anadarko. In
          furtherance of this proposal and subject to future developments, Occidental (and, if a negotiated transaction is agreed, Anadarko) may file one or more registration statements, proxy statements, tender offer statements or other documents with the
          SEC. This press release is not a substitute for any proxy statement, registration statement, tender offer statement, prospectus or other document Occidental and/or Anadarko may file with the SEC in connection with the proposed transactions.</font></div>
    </div>
    <div style="line-height: 14.4pt;">
      <div style="line-height: 14.4pt;"><br style="line-height: 14.4pt;">
      </div>
    </div>
    <div style="line-height: 14.4pt;">
      <div style="text-indent: 36pt; line-height: 14.4pt; text-align: left;"><font style="font-size: 10pt; font-family: Arial;"><font style="font-size: 10pt; font-family: Arial; color: rgb(0, 0, 0);">INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE
            PROXY STATEMENT(S), REGISTRATION STATEMENT(S), TENDER OFFER STATEMENT, PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION
            ABOUT OCCIDENTAL, ANADARKO AND THE PROPOSED TRANSACTIONS. Any definitive proxy statement(s) or prospectus(es) (if and when available) will be mailed to stockholders of Occidental and/or Anadarko, as applicable. Investors and security holders
            will be able to obtain copies of these documents (if and when available) and other documents filed with the SEC by Occidental free of charge through the website maintained by the SEC at www.sec.gov. Copies of the documents filed by Occidental
            (if and when available) will also be made available free of charge by accessing Occidental&#8217;s website at </font><font style="color: rgb(5, 99, 193);"><u><font style="font-size: 10pt; font-family: Arial;">www.o<font style="color: rgb(5, 99,
                  193);">xy.c</font>om</font></u></font><font style="font-size: 10pt; font-family: Arial; color: rgb(0, 0, 0);">.</font></font></div>
    </div>
    <div style="line-height: 14.4pt;">
      <div style="line-height: 14.4pt;"><br style="line-height: 14.4pt;">
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: rgb(191, 191, 191); background-color: rgb(191, 191, 191);" noshade="noshade"></div>
      </div>
      <div style="line-height: 14.4pt;"><br style="line-height: 14.4pt;">
      </div>
    </div>
    <div style="line-height: 14.4pt;">
      <div style="line-height: 14.4pt; text-align: left;"><font style="font-size: 10pt; font-family: Arial; font-weight: bold; color: rgb(0, 0, 0);"><font style="font-size: 10pt; font-family: Arial;"><u>Participants</u></font></font></div>
      <div style="line-height: 14.4pt;"><br style="line-height: 14.4pt;">
      </div>
    </div>
    <div style="line-height: 14.4pt;">
      <div style="text-indent: 36pt; line-height: 14.4pt; text-align: left;"><font style="font-size: 10pt; font-family: Arial; color: rgb(0, 0, 0);">This press release is neither a solicitation of a proxy nor a substitute for any proxy statement or other
          filings that may be made with the SEC. Nonetheless, Occidental and its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed
          transactions. Information about Occidental&#8217;s executive officers and directors is available in Occidental&#8217;s Annual Report on Form 10-K for the year ended December 31, 2018, which was filed with the SEC on February 21, 2019, and in its proxy
          statement for the 2019 Annual Meeting which was filed with the SEC on March 28, 2019. To the extent holdings of Occidental securities have changed since the amounts printed in the proxy statement for the 2019 Annual Meeting, such changes have
          been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Additional information regarding the interests of such potential participants will be included in one or more registration statements, proxy statements,
          tender offer statements or other documents filed with the SEC if and when they become available. These documents (if and when available) may be obtained free of charge from the SEC&#8217;s website <font style="color: rgb(5, 101, 193);"><u>http://www.sec.gov</u></font>.</font></div>
    </div>
    <div style="line-height: 14.4pt;">
      <div style="line-height: 14.4pt;"><br style="line-height: 14.4pt;">
      </div>
      <div style="line-height: 14.4pt; text-align: left;"><font style="font-size: 10pt; font-family: Arial; color: rgb(0, 0, 0);"><font style="font-size: 10pt; font-family: Arial; font-weight: bold;"><u>Contacts</u></font><font style="font-size: 10pt;
            font-family: Arial;"><br>
          </font><font style="font-size: 10pt; font-family: Arial;"><br>
          </font>Media:</font></div>
      <div style="line-height: 14.4pt; text-align: left;"><font style="font-size: 10pt; font-family: Arial; color: rgb(0, 0, 0);">Melissa E. Schoeb</font></div>
      <div style="line-height: 14.4pt; text-align: left;"><font style="font-size: 10pt; font-family: Arial; color: rgb(0, 0, 0);">713-366-5615</font></div>
      <div style="line-height: 14.4pt; color: rgb(5, 99, 193); text-align: left;"><u><font style="font-size: 10pt; font-family: Arial;"><font style="font-size: 10pt; font-family: Arial;">melissa_schoeb@oxy.com</font></font></u></div>
      <div style="line-height: 14.4pt;"><br style="line-height: 14.4pt;">
      </div>
      <div style="line-height: 14.4pt; text-align: left;"><font style="font-size: 10pt; font-family: Arial; color: rgb(0, 0, 0);">or</font></div>
      <div style="line-height: 14.4pt;"><br style="line-height: 14.4pt;">
      </div>
      <div style="line-height: 14.4pt; text-align: left;"><font style="font-size: 10pt; font-family: Arial; color: rgb(0, 0, 0);">Investors:</font></div>
      <div style="line-height: 14.4pt; text-align: left;"><font style="font-size: 10pt; font-family: Arial; color: rgb(0, 0, 0);">Jeff Alvarez</font></div>
      <div style="line-height: 14.4pt; text-align: left;"><font style="font-size: 10pt; font-family: Arial; color: rgb(0, 0, 0);">713-215-7864</font></div>
      <div style="line-height: 14.4pt; color: rgb(5, 99, 193); text-align: left;"><u><font style="font-size: 10pt; font-family: Arial;"><font style="font-size: 10pt; font-family: Arial;">jeff_alvarez@oxy.com</font></font></u></div>
      <div style="line-height: 14.4pt;"><br style="line-height: 14.4pt;">
      </div>
      <div style="line-height: 14.4pt; text-align: left;"><font style="font-size: 10pt; font-family: Arial; color: rgb(0, 0, 0);">Dan Burch</font></div>
      <div style="line-height: 14.4pt; text-align: left;"><font style="font-size: 10pt; font-family: Arial; color: rgb(0, 0, 0);">MacKenzie Partners, Inc.</font></div>
      <div style="line-height: 14.4pt; text-align: left;"><font style="font-size: 10pt; font-family: Arial; color: rgb(0, 0, 0);">212-929-5748 or 516-429-2722</font></div>
      <div style="line-height: 14.4pt; color: rgb(5, 99, 193); text-align: left;"><u><font style="font-size: 10pt; font-family: Arial;"><font style="font-size: 10pt; font-family: Arial;">dburch@mackenziepartners.com</font></font></u></div>
    </div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
