<SEC-DOCUMENT>0000930413-17-003606.txt : 20171024
<SEC-HEADER>0000930413-17-003606.hdr.sgml : 20171024
<ACCEPTANCE-DATETIME>20171024060833
ACCESSION NUMBER:		0000930413-17-003606
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20171020
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20171024
DATE AS OF CHANGE:		20171024

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DECKERS OUTDOOR CORP
		CENTRAL INDEX KEY:			0000910521
		STANDARD INDUSTRIAL CLASSIFICATION:	RUBBER & PLASTICS FOOTWEAR [3021]
		IRS NUMBER:				953015862
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36436
		FILM NUMBER:		171149882

	BUSINESS ADDRESS:	
		STREET 1:		250 COROMAR DRIVE
		CITY:			GOLETA
		STATE:			CA
		ZIP:			93117
		BUSINESS PHONE:		8059677611

	MAIL ADDRESS:	
		STREET 1:		250 COROMAR DRIVE
		CITY:			GOLETA
		STATE:			CA
		ZIP:			93117

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DECKERS FOOTWEAR CORP
		DATE OF NAME CHANGE:	19930811
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<P STYLE="font: bold 14pt Times New Roman, Times, Serif; margin: 10pt 0 6pt; text-align: center">UNITED STATES</P>

<P STYLE="font: bold 14pt Times New Roman, Times, Serif; margin: 10pt 0 6pt; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: center">Washington, D.C. 20549<BR>
_____________________<BR>
<BR>
FORM 8-K<BR>
_____________________</P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: center">CURRENT REPORT</P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: center">Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of report (Date of earliest event reported):
<B>October 20, 2017</B></P>

<P STYLE="font: bold 16pt Times New Roman, Times, Serif; margin: 10pt 0 6pt; text-align: center">DECKERS OUTDOOR CORPORATION</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">(Exact Name of
Registrant as Specified in its Charter)</FONT><BR>
_____________________</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DELAWARE</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(State or Other Jurisdiction of</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Incorporation)</P></TD>
    <TD STYLE="width: 27%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>001-36436</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Commission File Number)</P></TD>
    <TD STYLE="width: 35%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>95-3015862</B></P>
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center">(I.R.S. Employer Identification No.)</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>250 Coromar Drive</B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Goleta, California </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of Principal Executive Offices)</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>93117</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Zip Code)</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">Registrant's telephone number including area
        code: <B>(805) 967-7611</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 5pt 0 0; text-align: center"><B>No change since last report</B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Former Name or Address, if Changed Since Last
        Report)</P></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">_____________________</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0"><FONT STYLE="font-size: 9pt">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:</FONT><BR>
<BR>
&#9744; <FONT STYLE="font-size: 9pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT><BR>
<BR>
&#9744; <FONT STYLE="font-size: 9pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT><BR>
<BR>
&#9744; <FONT STYLE="font-size: 9pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT><BR>
<BR>
&#9744; <FONT STYLE="font-size: 9pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (&sect;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (&sect;240.12b-2 of this chapter).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 9pt">Emerging growth
company&nbsp;&#9744;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; border-bottom: Black 1.5pt double"><FONT STYLE="font-size: 9pt">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>&#9744;<FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

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

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: center"><B>Section 5 &ndash; Corporate Governance
and Management</B></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 5.02.</B></TD><TD><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers.</B></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -1in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">On October 20, 2017, Angel R. Martinez retired
as a member of the Board of Directors (the &ldquo;Board&rdquo;) of Deckers Outdoor Corporation (the &ldquo;Company&rdquo;) to focus
on his campaign for public office. Mr. Martinez&rsquo;s retirement is not the result of any disagreement with the Company on any
matter relating to its operations, policies or practices. The Company thanks Mr. Martinez for his service.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 5.03.</B></TD><TD><B>Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.</B></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">On October 23, 2017, the Board amended and restated
the Amended and Restated Bylaws of the Company (as amended and restated, the &ldquo;Bylaws&rdquo;) to decrease the authorized number
of directors on the Board to nine. In connection with this amendment, the Board fixed the size of the Board at nine directors.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The full text of the Bylaws is attached as Exhibit
3.1 and is incorporated by reference.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>Section 9 &ndash; Financial Statements
and Exhibits</B></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 9.01.</B></TD><TD><B>Financial Statements and Exhibits.</B></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">3.1</TD><TD><A HREF="c89597_ex3-1.htm" STYLE="-sec-extract: exhibit">Amended and Restated Bylaws of Deckers Outdoor Corporation.</A></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: center">SIGNATURES</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt">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.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 24pt 0 0 3.5in"><B>DECKERS OUTDOOR CORPORATION</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 24pt 0 0 3.5in">By: &#9;<U>/s/&#9;Thomas Garcia&#9;</U><BR>
Name:&#9;Thomas Garcia<BR>
Title:&#9;General Counsel</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0">Dated:&#9;October 24, 2017</P>


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<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>EXHIBIT INDEX</B></P>

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    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 87%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding: 1.5pt"><FONT STYLE="font-size: 11pt"><U>Exhibit No.</U></FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding: 1.5pt"><FONT STYLE="font-size: 11pt"><U>Exhibit</U></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding: 1.5pt"><FONT STYLE="font-size: 11pt">3.1</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding: 1.5pt"><FONT STYLE="font-size: 11pt">Amended and Restated Bylaws of Deckers Outdoor Corporation.</FONT></TD></TR>
</TABLE>
<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: center">&nbsp;</P>



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<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Exhibit 3.1</B></P>

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


<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AMENDED AND RESTATED</B></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>BYLAWS</B></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>OF</B></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>DECKERS OUTDOOR CORPORATION</B></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>a Delaware corporation</B></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: center"><B>(as updated through October
23, 2017)</B></P>

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

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>ARTICLE
I</B></FONT><BR>
<BR>
<A NAME="a_Ref496520897"></A>OFFICES</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;1.1</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Registered Office</U>. The registered office of Deckers Outdoor Corporation (the &ldquo;<U>Corporation</U>&rdquo;) shall
be at 1013 Centre Road, City of Wilmington, County of New Castle, State of Delaware, and the name of the registered agent in charge
thereof shall be Corporation Service Company.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;1.2</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Principal Office</U>. The principal office for the transaction of the business of the Corporation shall be at such place
as the Board of Directors of the Corporation (the &ldquo;<U>Board</U>&rdquo;) may determine. The Board is hereby granted full power
and authority to change said principal office from one location to another.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;1.3</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Other Offices</U>. The Corporation may also have an office or offices at such other place or places, either within or
without the State of Delaware, as the Board may from time to time determine or as the business of the Corporation may require.</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>ARTICLE
II</B></FONT><BR>
<BR>
<A NAME="a_Ref496520901"></A>MEETINGS OF STOCKHOLDERS</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;2.1</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Place of Meetings</U>. All annual meetings of stockholders and all other meetings of stockholders, whether called by
the Board or by stockholders, shall be held either at the principal office of the Corporation or at any other place within or without
the State of Delaware that may be designated by the Board and at such date and time as may be designated by the Board.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;2.2</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Annual Meetings</U>. Annual meetings of stockholders of the Corporation for the purpose of electing directors and for
the transaction of such other proper business as may come before such meetings may be held at such time and place and on such date
as the Board shall determine by resolution.</P>


<P STYLE="margin: 0">&nbsp;</P>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;2.3</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Special Meetings</U>. Special meetings of stockholders of the Corporation for any purpose or purposes may only be called
in accordance with the provisions of the Certificate of Incorporation.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;2.4</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Notice of Meetings</U>. Except as otherwise provided herein or required by law (meaning, here and hereinafter, as required
from time to time by the Delaware General Corporation Law or the Certificate of Incorporation of the Corporation), notice of each
meeting of stockholders, whether annual or special, shall be given not less than 10 days nor more than 60 days before the date
of the meeting to each stockholder of record entitled to vote at such meeting as of the record date for determining stockholders
entitled to notice of the meeting directed to such stockholder at such stockholder&rsquo;s address as it appears on the records
of the Corporation. Every notice of a meeting of stockholders shall state the place, if any, date and hour of the meeting, the
means of remote communications, if any, by which stockholders and proxy holders may be deemed to be present in person or by proxy
and vote at such meeting, the record date for determining stockholders entitled to vote at the meeting, if such date is different
from the record date for determining stockholders entitled to notice of the meeting, and, in the case of a special meeting, shall
also state the purpose for which the meeting is called. Notice of any meeting of stockholders shall not be required to be given
to any stockholder to whom notice may be omitted pursuant to applicable Delaware law, and such notice shall be deemed waived by
any stockholder who shall attend such meeting in person or by proxy, except a stockholder who shall attend such meeting for the
express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully
called or convened. Except as otherwise expressly required by law, notice of any adjourned meeting of stockholders need not be
given if the time and place thereof are announced at the meeting at which the adjournment is taken.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;2.5</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Quorum</U>. Except as otherwise required by law, the holders of a majority of the voting power of all of the shares of
stock of the Corporation entitled to be voted at the meeting, present in person or by proxy, shall constitute a quorum for the
transaction of business at any meeting of stockholders of the Corporation or any adjournment thereof. Where a separate vote by
a class or classes or series is required, a majority of the voting power of the shares of such class or classes or series present
in person or represented by proxy shall constitute a quorum entitled to take action with respect to that vote on that matter. Subject
to the requirement of a larger percentage vote, if any, contained herein or by law, the stockholders present at a duly called or
held meeting at which a quorum is present may continue to do business until adjournment, notwithstanding any withdrawal of stockholders
that may leave less than a quorum remaining. In the absence of a quorum at any meeting or any adjournment thereof, a majority of
the voting power of all the stockholders present in person or by proxy and entitled to vote thereat or, any officer entitled to
preside at, or to act as secretary of, such meeting may adjourn such meeting from time to time. At any such adjourned meeting,
any business may be transacted that might have been transacted at the meeting as originally called.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;2.6</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Voting</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">(A)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each stockholder shall, at each meeting of stockholders, be entitled to vote in person or by proxy each share of the stock
of the Corporation that has voting rights on the matter in</P>



<P STYLE="margin: 0">&nbsp;</P>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">&nbsp;</FONT>in question and that shall have been held by such stockholder and registered
in such stockholder&rsquo;s name on the books of the Corporation.</P>



<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">(B)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Shares of its own stock belonging to the Corporation or to another corporation, if a majority of the shares entitled to
vote in the election of directors in such other corporation is held, directly or indirectly, by the Corporation, shall neither
be entitled to vote nor be counted for quorum purposes. Persons holding stock of the Corporation in a fiduciary capacity shall
be entitled to vote such stock. Persons whose stock is pledged shall be entitled to vote, unless in the transfer by the pledgor
on the books of the Corporation the pledgor shall have expressly empowered the pledgee to vote thereon, in which case only the
pledgee, or the pledgee&rsquo;s proxy, may represent such stock and vote thereon. Stock having voting power standing of record
in the names of two or more persons, whether fiduciaries, members of a partnership, joint tenants, tenants in common, tenants by
the entirety or otherwise, or with respect to which two or more persons have the same fiduciary relationship, shall be voted in
accordance with the provisions of the Delaware General Corporation Law.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">(C)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Any such voting rights may be exercised by the stockholder entitled thereto in person or by such stockholder&rsquo;s proxy
appointed by an instrument in writing or by a transmission permitted by law filed in accordance with the procedure established
for the meeting. At any meeting of stockholders at which a quorum is present, all matters, except as otherwise provided in these
Bylaws or by law, shall be decided by the affirmative vote of a majority in voting power of the stockholders present in person
or by proxy and entitled to vote on the subject matter. The vote at any meeting of stockholders on any question need not be by
ballot, unless so directed by the chairman of the meeting. On a vote by ballot, each ballot shall be signed by the stockholder
voting, or by such stockholder&rsquo;s proxy, if there by such proxy, and it shall state the number of shares voted.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;2.7</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Inspectors</U>. The Corporation may, and to the extent required by law, shall, in advance of any meeting of stockholders,
appoint one or more inspectors to act at the meeting and make a written report thereof. The Corporation may designate one or more
alternate inspectors to replace any inspector who fails to act. If no inspector or alternate is able to act at a meeting of stockholders,
the person presiding at the meeting may, and to the extent required by law, shall, appoint one or more inspectors to act at the
meeting. Each inspector, before entering upon the discharge of his or her duties, shall take and sign an oath faithfully to execute
the duties of inspector with strict impartiality and according to the best of his or her ability. Every vote taken by ballots shall
be counted by a duly appointed inspector or inspectors.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;2.8</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Advance Notice of Stockholder Proposals and Stockholder Nominations</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">(A)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>At any meeting of the stockholders, only such business shall be conducted as shall have been properly brought before the
meeting (i)&nbsp;by or at the direction of the Board or (ii)&nbsp;by any stockholder of the Corporation
who complies with the notice procedures set forth in this Section&nbsp;2.8. For business to be properly
brought before any meeting of the stockholders by a stockholder (other than business included in the Corporation&rsquo;s proxy
materials pursuant to Rule&nbsp;14a-8 under the Securities Exchange Act of 1934, as amended (such act, and the rules and regulations
promulgated thereunder, the &ldquo;<U>Exchange Act</U>&rdquo;)) other than the nomination of a person for election as a director,
which is governed by Section&nbsp;2.8(B) below), the stockholder must have given notice</P>
<P STYLE="margin: 0">&nbsp;</P>



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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0in">thereof, and
in compliance with this Section&nbsp;2.8(A), in writing to the Secretary of the Corporation not less
than 90 days in advance of such meeting or, if later, the seventh day following the first public announcement of the date of such
meeting and such business must otherwise be a proper matter for stockholder action. In no event shall any adjournment of a meeting
or the announcement thereof commence a new time period for giving timely notice as described above. In addition, the stockholder
providing such notice must be a stockholder of record both at the time the notice is given and at the time of the meeting at which
the business referenced in the notice will be considered. A stockholder&rsquo;s notice to the Secretary shall set forth as to each
matter the stockholder proposes to bring before the meeting (i)&nbsp;a brief description of the business
desired to be brought before the meeting and the reasons for conducting such business at the meeting, (ii)&nbsp;the name and address
of the stockholder proposing such business and any Stockholder Affiliate, (iii)&nbsp;(A)&nbsp;the class
and number of shares of the Corporation that are, directly or indirectly, beneficially owned by the stockholder and by any Stockholder
Affiliate and (B)&nbsp;any derivative positions held or beneficially held by the stockholder and any
Stockholder Affiliate and whether and the extent to which any hedging or other transaction or series of transactions has been entered
into by or on behalf of, or any other agreement, arrangement or understanding (including, but not limited to, any derivative position,
short position, or any borrowing or lending of shares) has been made, the effect or intent of which is to mitigate loss to or manage
risk or benefit of share price changes for, or to increase or decrease the voting power of, such stockholder or any Stockholder
Affiliate with respect to the Corporation&rsquo;s securities; (iv)&nbsp;a description of all agreements, arrangements and understandings
between such stockholder or any Stockholder Affiliate and any other person or persons (including their names) in connection with
the proposal of such business by such stockholder, (v)&nbsp;any material interest of the stockholder
or any Stockholder Affiliate in such business, and (vi) whether the stockholder or any Stockholder Affiliate intends to conduct
a proxy solicitation. Furthermore, a stockholder providing such notice shall promptly provide any other information reasonably
requested by the Corporation. Notwithstanding anything in these Bylaws to the contrary, no business shall be conducted at any meeting
of the stockholders except in accordance with the procedures set forth in this Section&nbsp;2.8. The
Chairman of any such meeting shall direct that any business not properly brought before the meeting shall not be considered.</P>
<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0in">For purposes of this Section&nbsp;2.8,
&ldquo;public announcement&rdquo; shall be deemed to include an announcement made in a press release reported by the Dow Jones
News Services, Associated Press or a comparable national news service or in a document filed by the Corporation with the Securities
and Exchange Commission, and &ldquo;Stockholder Affiliate&rdquo; means (i)&nbsp;any person controlling,
directly or indirectly, or acting in concert with, any stockholder providing the notice pursuant to this Section&nbsp;2.8,
(ii)&nbsp;any beneficial owner of shares of stock of the Corporation owned of record or beneficially by such stockholder and (iii)&nbsp;any
person controlling, controlled by or under common control with the Stockholder Affiliate.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">(B)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Nominations for the election of directors may be made by the Board or by any stockholder entitled to vote in the election
of directors; <U>provided</U>, <U>however</U>, that a stockholder may nominate a person for election as a director at a meeting
only if written notice of such stockholder&rsquo;s intent to make such nomination has been given to the Secretary of the Corporation
not later than 90 days in advance of such meeting or, if later, the seventh day following the first public announcement of the
date of such meeting. Notwithstanding anything in the preceding sentence to the contrary, in the event that the number of directors
to be elected to the Board is increased and there has been no</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0in">public announcement naming all of the nominees for director or indicating
the increase in the size of the Board made by the Corporation at least 10 days before the last day a stockholder may deliver a
notice of nomination in accordance with the preceding sentence, a stockholder&rsquo;s notice required by this bylaw shall also
be considered timely, but only with respect to nominees for any new positions created by such increase, if it shall be received
by the Secretary not later than the close of business on the 10<SUP>th</SUP> day following the day on which such public announcement
is first made by the Corporation. In no event shall any adjournment of an annual meeting or the announcement thereof commence a
new time period for giving timely notice as described above. In addition, the stockholder providing such notice must be a stockholder
of record both at the time the notice is given and at the time of the annual meeting at which the directors nominated in the notice
will be considered. Each such notice shall set forth: (i)&nbsp;the name and address of the stockholder
who intends to make the nomination and of any Stockholder Affiliate; (ii)&nbsp;(A)&nbsp;the class and
number of shares of the Corporation that are, directly or indirectly, beneficially owned by the stockholder and by any Stockholder
Affiliate and (B)&nbsp;any derivative positions held or beneficially held by the stockholder and any
Stockholder Affiliate and whether and the extent to which any hedging or other transaction or series of transactions has been entered
into by or on behalf of, or any other agreement, arrangement or understanding (including, but not limited to, any derivative position,
short position, or any borrowing or lending of shares) has been made, the effect or intent of which is to mitigate loss to or manage
risk or benefit of share price changes for, or to increase or decrease the voting power of, such stockholder or any Stockholder
Affiliate with respect to the Corporation&rsquo;s securities; (iii)&nbsp;the name and address of the person or persons to be nominated;
(iv)&nbsp;a representation that the stockholder is a holder of record of stock of the Corporation entitled to vote at such meeting
and intends to appear in person or by proxy at the meeting and nominate the person or persons specified in the notice; (v)&nbsp;a
description of all arrangements or understandings between the stockholder or any Stockholder Affiliate on the one hand, and any
nominee for election as a director on the other hand, pursuant to which the nomination or nominations are to be made by the stockholder;
(vi)&nbsp;such other information regarding each nominee proposed by such stockholder as would be required to be included in a proxy
statement filed pursuant to the proxy rules of the United States Securities and Exchange Commission had the nominee been nominated,
or intended to be nominated, by the Board; (vii) the consent and commitment of each nominee to serve as a director of the Corporation;
(viii)&nbsp;with respect to each nominee, a completed and signed questionnaire, representation and agreement required by Section&nbsp;2.8(D)
of these Bylaws; (ix) a description of all agreements, arrangements and understandings between such stockholder and Stockholder
Affiliate and any other person or persons (including their names) in connection with the director nominee; and (x)
whether the stockholder or any Stockholder Affiliate intends to conduct a proxy solicitation. In addition, the stockholder making
such nomination shall promptly provide any other information reasonably requested by the Corporation. No person shall be eligible
for election as a director of the Corporation unless nominated in accordance with the procedures set forth in this Section&nbsp;2.8(B).
The Chairman of any meeting of stockholders shall direct that any nomination not made in accordance with these procedures be disregarded.</P>



<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">(C)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Only such business shall be conducted at a special meeting of stockholders as shall have been properly brought before the
meeting pursuant to the Corporation&rsquo;s notice of meeting. Nominations of persons for election to the Board of Directors may
be made at a special meeting of stockholders at which directors are to be elected pursuant to the Corporation&rsquo;s notice of
meeting (i)&nbsp;by or at the direction of the Board of Directors or (ii)&nbsp;provided that directors
are to be elected at</P>
<P STYLE="margin: 0">&nbsp;</P>

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


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0in">such meeting, by any stockholder of the Corporation who (i)&nbsp;is a stockholder
of record at the time of giving of notice provided for in this Bylaw and at the time of the special meeting, (ii)&nbsp;is entitled
to vote at the meeting, and (iii)&nbsp;complies with the notice procedures set forth in Section&nbsp;2.8(B)
as to such nomination. In the event the Corporation calls a special meeting of stockholders for the purpose of electing one or
more directors to the Board of Directors, any such stockholder may nominate a person or persons for election to such position(s)
as specified in the Corporation&rsquo;s notice of meeting, if the stockholder&rsquo;s notice required by Section&nbsp;2.8(B)
of this Bylaw with respect to any nomination shall be delivered to the Secretary of the Corporation not later than 90 days in advance
of such meeting, or, if later, the seventh day following the first public announcement of the date of such meeting and of the nominees
proposed by the Board of Directors to be elected at such meeting. In no event shall the public announcement of an adjournment of
a special meeting commence a new time period (or extend any time period) for the giving of a stockholder&rsquo;s notice as described
above.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">(D)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>To be eligible to be a nominee for election or reelection as a director of the Corporation, a person must deliver (in accordance
with the time periods prescribed for delivery of notice under Section&nbsp;2.8(B) and (C))
to the Secretary of the Corporation a written questionnaire with respect to the background and qualification of such person and
the background of any other person or entity on whose behalf the nomination is being made (which questionnaire shall be provided
by the Secretary upon written request) and a written representation and agreement (in the form provided by the Secretary upon written
request) that such person (A)&nbsp;is not and will not become a party to (1)&nbsp;any agreement, arrangement
or understanding with, and has not given any commitment or assurance to, any person or entity as to how such person, if elected
as a director of the Corporation, will act or vote on any issue or question (a &ldquo;<U>Voting Commitment</U>&rdquo;) that has
not been disclosed to the Corporation or (2)&nbsp;any Voting Commitment that could limit or interfere with such person&rsquo;s
ability to comply, if elected as a director of the Corporation, with such person&rsquo;s fiduciary duties under applicable law,
(B)&nbsp;is not and will not become a party to any agreement, arrangement or understanding with any
person or entity other than the Corporation with respect to any direct or indirect compensation, reimbursement or indemnification
in connection with service or action as a director that has not been disclosed therein, and (C)&nbsp;in
such person&rsquo;s individual capacity and on behalf of any person or entity on whose behalf the nomination is being made, would
be in compliance, if elected as a director of the Corporation, and will comply with all applicable publicly disclosed corporate
governance, conflict of interest, confidentiality and stock ownership and trading policies and guidelines of the Corporation.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in">Notwithstanding the foregoing provisions
of this Section&nbsp;2.8, a stockholder shall also comply with all applicable requirements of the Exchange
Act, and the rules and regulations thereunder with respect to matters set forth in this Section&nbsp;2.8.</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>ARTICLE
III</B></FONT><BR>
<BR>
BOARD OF DIRECTORS</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;3.1</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>General Powers</U>. Subject to any requirements in the Certificate of Incorporation, these Bylaws, and of the Delaware
General Corporation Law as to action which must be authorized or approved by the stockholders, any and all corporate powers shall
be exercised by or</P>
<P STYLE="margin: 0">&nbsp;</P>

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


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.0in">under the authority of, and the business and affairs of the Corporation shall be under the direction of, the
Board to the fullest extent permitted by law.</P>



<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;3.2</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Number and Term of Office</U>. The authorized number of directors of the Corporation shall be no less than one (1) and
no more than nine (9), as fixed from time to time by resolution adopted by the affirmative vote of a majority of the Whole Board,
until this Section&nbsp;3.2 is amended by a resolution duly adopted by the Board or by the stockholders
of the Corporation, in either case in accordance with the provisions of Article&nbsp;XI of the Certificate
of Incorporation. For purposes of these Bylaws, the term &ldquo;<U>Whole Board</U>&rdquo; shall mean the total number of authorized
directors whether or not there exist any vacancies in previously authorized directorships. Directors need not be stockholders.
Each of the directors of the Corporation shall hold office until the annual meeting of stockholders at which such director&rsquo;s
term expires as provided in the Certificate of Incorporation and until such director&rsquo;s successor shall have been duly elected
and shall qualify or until such director shall resign or shall have been removed in the manner provided in these Bylaws and in
accordance with law.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;3.3</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Election of Directors</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">(A)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In an uncontested election of directors, each director of the Corporation shall be elected by a majority of the votes cast
by the shares present in person or represented by proxy at the meeting and entitled to vote on the election of directors (a &ldquo;majority
vote&rdquo;)&#894; provided, however, that, in a contested election, the directors shall be elected by a plurality of the votes
cast by the shares present in person or represented by proxy at the meeting and entitled to vote on the election of directors.
For purposes of this Section&nbsp;3.3, (i)&nbsp;an &ldquo;uncontested election&rdquo;
is an election in which the number of nominees for director is not greater than the number of directors to be elected, (ii)&nbsp;a
&ldquo;contested election&rdquo; is an election in which the number of nominees for director nominated by (a)&nbsp;the
Board or (b)&nbsp;any stockholder or (c)&nbsp;a combination of the Board
and any stockholder, exceeds the number of directors to be elected, and (iii)&nbsp;a &ldquo;majority of the votes cast&rdquo; means
that the number of votes &ldquo;for&rdquo; a nominee for director must exceed fifty percent (50%) of the votes cast. Votes &ldquo;against&rdquo;
a nominee for director will count as votes cast, but &ldquo;abstentions&rdquo; will not count as votes cast. Prior to the meeting,
the Board shall determine whether an election constitutes a contested election, and such determination shall remain effective from
the date of such determination regardless of any change in the number of nominees for director or the number of directors to be
elected.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">(B)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In order for any incumbent director to become a nominee for further service on the Board, such person must submit an irrevocable
letter of resignation to the Board, which offer of resignation shall become effective (i)&nbsp;upon
that incumbent director not receiving a majority vote in an uncontested election, and (ii)&nbsp;upon acceptance of the offer of
resignation by the Board as set forth in this Section&nbsp;3.3.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in">Within sixty (60) days following certification
of the stockholder vote, the Corporation&rsquo;s Corporate Governance Committee (the &ldquo;<U>Committee</U>&rdquo;) shall recommend
to the Board the action to be taken with respect to such offer of resignation. In determining whether or not to recommend that
the Board accept any resignation offer, the Committee shall be entitled to consider all factors believed relevant by the Committee&rsquo;s
members, including, without limitation: (i)&nbsp;any stated reasons for the</P>
<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.0in">incumbent director not
receiving the required majority vote and whether the underlying cause or causes are curable; (ii)&nbsp;the factors, if any, set
forth in the guidelines or other policies that are to be considered by the Committee in evaluating potential candidates for the
Board as such factors relate to each incumbent director who has so offered his or her resignation; (iii)&nbsp;the length of service
of such incumbent director; (iv)&nbsp;the effect of such resignation on the Corporation&rsquo;s compliance with any law, rule,
regulation, stock exchange listing standards or contractual obligations; (v)&nbsp;such incumbent director&rsquo;s
contributions to the Corporation; and (vi) any other factors that the Committee believes are in the best interests of the Corporation.</P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in">The Board shall act on the Committee&rsquo;s
recommendation within ninety (90) days following certification of the stockholder vote and shall notify the incumbent director
concerned of its decision. In determining whether or not to accept any resignation offer, the Board shall take into account the
factors considered by the Committee and any additional information and factors that the Board believes to be relevant. If any director&rsquo;s
resignation offer is not accepted by the Board, the Board shall, within four (4) business days after reaching its decision, publicly
disclose the decision, including the reasons for not accepting an offer of resignation, by a press release, a filing with the Securities
and Exchange Commission or other broadly disseminated means of communication.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in">Any director who tenders his or her offer
to resign shall not participate in either the Committee&rsquo;s or the Board&rsquo;s consideration or other actions regarding whether
to accept the offer of resignation. If each member of the Committee did not receive the required majority vote, a majority of the
Board shall appoint a special committee of independent directors for such purpose of making a recommendation to the Board. If no
independent directors received the required majority vote, the Board shall act on the resignation offers.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">(C)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If any incumbent director&rsquo;s resignation offer is not accepted by the Board, such incumbent director shall continue
to serve on the Board for the term for which he or she would have been elected and until his or her successor is duly elected and
qualified, or until the incumbent director&rsquo;s earlier death, resignation, or removal. If an incumbent director&rsquo;s offer
of resignation is accepted by the Board pursuant to this Section&nbsp;3.3, or if a nominee for director
is not elected by a majority vote and the nominee is not an incumbent director, then the Board, in its sole discretion, may fill
any resulting vacancy pursuant to the provisions of Section&nbsp;3.5 hereof.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;3.4</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Resignations</U>. Any director of the Corporation may resign at any time by giving notice in writing or by electronic
transmission to the Board or to the Secretary of the Corporation. A resignation is effective when delivered unless the resignation
specifies a later date or an effective date determined upon the happening of an event or events.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;3.5</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Vacancies and Newly Created Directorships</U>. Except as otherwise provided in the Certificate of Incorporation, vacancies
and newly created directorships resulting from any increase in the authorized number of directors elected by all of the stockholders
having the right to vote as a single class may, unless the Board of Directors determines otherwise, only be filled by a majority
of the directors then in office, although less than a quorum, or by a sole remaining director&#894; provided, however, that if
the holders of any class or classes of stock or series thereof are entitled to elect one or more directors, vacancies and newly
created directorships of such class or classes or series may only be filled by a majority of the directors elected by such class
or classes or series </P>
<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">
</FONT>thereof then in office, or by a sole remaining director so elected. Each director chosen to fill a vacancy
shall hold office until such director&rsquo;s successor shall have been elected and shall qualify or until such director shall
resign or shall have been removed. No reduction of the authorized number of directors shall have the effect of removing any director
prior to the expiration of such director&rsquo;s term of office.</P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;3.6</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Place of Meeting</U>. The Board or any committee thereof may hold any of its meetings at such place or places within
or without the State of Delaware as the Board or such committee may from time to time by resolution designate or as shall be designated
by the person or persons calling the meeting or in the notice. Directors may participate in any regular or special meeting of the
Board or any committee thereof by means of conference telephone or other communications equipment pursuant to which all persons
participating in the meeting of the Board or such committee can hear each other, and such participation shall constitute presence
in person at such meeting.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;3.7</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Regular Meetings</U>. Regular meetings of the Board may be held at such times as the Board shall from time to time by
resolution determine. If any day fixed for a regular meeting shall be a legal holiday at the place where the meeting is to be held,
then the meeting shall be held at the same hour and place on the next succeeding business day not a legal holiday. Except as provided
by law, notice of regular meetings need not be given.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;3.8</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Special Meetings</U>. Special meetings of the Board for any purpose or purposes shall be called at any time by the Chairman
of the Board or, if the Chairman of the Board is absent or unable or refuses to act, by the Chief Executive Officer and President,
and may also be called by a majority of the Whole Board. Except as otherwise provided by law or by these Bylaws, written notice
of the time and place of special meetings shall be delivered personally or by facsimile or electronic transmission to each director,
or sent to each director by mail or by other form of written communication, charges prepaid, addressed to such director at such
director&rsquo;s address as it is shown upon the records of the Corporation. In case such notice is mailed or telegraphed, it shall
be deposited in the United States mail or delivered to the telegraph company in the County in which the principal office for the
transaction of the business of the Corporation is located at least 48 hours prior to the time of the holding of the meeting. In
case such notice is delivered personally or by facsimile or electronic transmission as above provided, it shall be delivered at
least 24 hours prior to the time of the holding of the meeting. In case such notice is sent in writing through an overnight delivery
service in circumstances to which such service guarantees next day delivery, it shall be sent such that such next day delivery
is guaranteed for delivery at least 24 hours prior to the time of the holding of the meeting. Such mailing, telegraphing, delivery,
facsimile transmission or electronic transmission as above provided shall be due, legal and personal notice to such director. Except
where otherwise required by law or by these Bylaws, notice of the purpose of a special meeting need not be given. Attendance at
a meeting shall constitute waiver of notice of such meeting, except when a director shall attend such meeting for the express purpose
of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or
convened.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;3.9</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Quorum and Manner of Acting</U>. Except as otherwise provided in these Bylaws, the Certificate of Incorporation or by
applicable law, the presence of a majority of the total</P>
<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.0in">number of the Whole Board shall be required to constitute a quorum for
the transaction of business at any meeting of the Board, and all matters shall be decided at any such meeting, a quorum being present,
by the affirmative votes of a majority of the directors present. A meeting at which a quorum is initially present may continue
to transact business notwithstanding the withdrawal of directors, provided any action taken is approved by at least a majority
of the required quorum for such meeting. In the absence of a quorum, a majority of directors present at any meeting may adjourn
the same from time to time until a quorum shall be present. The directors shall act only as a Board, and the individual directors
shall have no power as such.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;3.10</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Action by Consent</U>. Any action required or permitted to be taken at any meeting of the Board or of any committee thereof
may be taken without a meeting if consent in writing or by electronic transmission is given thereto by all members of the Board
or of such committee, as the case may be, and such consent is filed with the minutes of proceedings of the Board or of such committee.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;3.11</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Compensation</U>. Directors, whether or not employees of the Corporation or any of its subsidiaries, may receive an annual
fee for their services as directors in an amount fixed by resolution of the Board, and, in addition, a fixed fee, with or without
expenses of attendance, may be allowed by resolution of the Board for attendance at each meeting, including each meeting of a committee
of the Board. Such fees may be in the form of cash or other lawful consideration. Nothing herein contained shall be construed to
preclude any director from serving the Corporation in any other capacity as an officer, agent, employee, or otherwise, and receiving
compensation therefor.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;3.12</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Committees</U>. The Board may, by resolution passed by a majority of the Whole Board, designate one or more committees,
each committee to consist of one or more of the directors of the Corporation. Each such committee shall serve at the pleasure of
the Board. Unless otherwise provided by the Board, each such committee shall be governed by a charter adopted by a majority of
the Whole Board. Any such committee, to the extent provided in the resolution of the Board and subject to any restrictions or limitations
on the delegation of power and authority imposed by applicable law, shall have and may exercise all the powers and authority of
the Board in the management of the business and affairs of the Corporation, and may authorize the seal of the Corporation to be
affixed to all papers which may require it. Any such committee shall keep written minutes of its meetings. Unless the Board or
these Bylaws shall otherwise prescribe the manner of proceedings of any such committee, meetings of such committee may be regularly
scheduled in advance and may be called at any time by the chairman of the committee or by any two members
thereof&#894; otherwise, the provisions of these Bylaws with respect to notice and conduct of meetings of the Board shall govern
committees of the Board and their actions.</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>ARTICLE
IV</B></FONT><BR>
<BR>
OFFICERS</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;4.1</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Officers</U>. The officers of the Corporation shall be a Chairman, a Chief Executive Officer and President, a Chief Financial
Officer, one or more Vice Presidents (the number thereof and their respective titles to be determined by the Board), a Secretary,
and such other officers</P>
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<P STYLE="margin: 0">&nbsp;</P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.0in">as may be appointed at the discretion of the Board in accordance with the provisions of Section&nbsp;<A NAME="DocXTextRef45"></A>4.3
hereof.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;4.2</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Election</U>. The officers of the Corporation, except such officers as may be appointed or elected in accordance with
the provisions of Sections&nbsp;4.3 or 4.5 hereof, shall be chosen annually
by the Board at the first meeting thereof, and each officer shall hold office until such officer shall resign or shall be removed
or otherwise disqualified to serve, or until such officer&rsquo;s successor shall be elected and qualified.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;4.3</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Other Officers</U>. In addition to the officers chosen annually by the Board at its first meeting, the Board also may
appoint or elect such other officers as the business of the Corporation may require, each of whom shall have such authority and
perform such duties as are provided in these Bylaws or as the Board may from time to time specify, and shall hold office until
such officer shall resign or shall be removed or otherwise disqualified to serve, or until such officer&rsquo;s successor shall
be elected and qualified.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;4.4</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Removal</U>. Any officer may be removed, either with or without cause, by resolution of the Board, at any regular or
special meeting of the Board, or except in case of an officer chosen by the Board, by any officer upon whom such power of removal
may be conferred by the Board.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;4.5</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Vacancies</U>. A vacancy in any office because of death, resignation, removal, disqualification or any other cause shall
be filled in the manner prescribed in these Bylaws for regular appointments to such office.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;4.6</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Chairman of the Board</U>. The Chairman of the Board shall preside at all meetings of stockholders and at all meetings
of the Board. The Chairman shall exercise and perform such powers and duties with respect to the business and affairs of the Corporation
as may be assigned to the Chairman by the Board or such other powers and duties as may be prescribed by the Board or these Bylaws.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;4.7</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Chief Executive Officer and President</U>. The Chief Executive Officer and President shall exercise and perform such
powers and duties with respect to the administration of the business and affairs of the Corporation as may from time to time be
assigned to the Chief Executive Officer and President by the Board, or as may be prescribed by these Bylaws. In the absence or
disability of the Chairman of the Board, or in the event and during the period of a vacancy in that office, the Chief Executive
Officer and President shall perform all the duties of the Chairman of the Board, and when so acting shall have all of the powers
of, and be subject to all the restrictions upon, the Chairman of the Board.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;4.8</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Chief Financial Officer</U>. The Chief Financial Officer shall have the general responsibility for maintaining the financial
records of the Corporation and such other powers and duties with respect to the administration of the business and affairs of the
Corporation as may from time to time be assigned to the Chief Financial Officer by the Board or the Chief Executive Officer and
President or as may be prescribed by these Bylaws.</P>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;4.9</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Vice President</U>. Each Vice President shall have such powers and perform such duties with respect to the administration
of the business and affairs of the Corporation as may from time to time be assigned to such Vice President by the Board, or the
Chief Executive Officer and President or as may be prescribed by these Bylaws. In the absence or disability of the Chairman of
the Board and the Chief Executive Officer and President, the Vice Presidents in order of their rank as fixed by the Board, or if
not ranked, the Vice President designated by the Board, shall perform all of the duties of the Chairman of the Board, and when
so acting shall have all the powers of, and be subject to all the restrictions upon, the Chairman of the Board.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;4.10</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Secretary</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">(A)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Secretary shall keep, or cause to be kept, at the principal office of the Corporation or such other place as the Board
may order, a book of minutes of all meetings of directors and stockholders, with the time and place of holding, whether regular
or special, and if special, how authorized and the notice thereof given, the names of those present at meetings of directors, the
number of shares present or represented at meetings of stockholders, and the proceedings thereof.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">(B)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Secretary shall keep, or cause to be kept, at the principal office of the Corporation&rsquo;s transfer agent, a share
register, or a duplicate share register, showing the name of each stockholder, the number of shares of each class held by such
stockholder, the number and date of certificates issued for such shares, and the number and date of cancellation of every certificate
surrendered for cancellation.</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>ARTICLE
V</B></FONT><BR>
<BR>
CONTRACTS, CHECKS, DRAFTS, BANK ACCOUNTS, ETC.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;5.1</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Execution of Contracts</U>. The Board, except as otherwise provided in these Bylaws, may authorize any officer or officers,
or agent or agents, to enter into any contract or execute any instrument in the name of and on behalf of the Corporation, and such
authority may be general or confined to specific instances.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;5.2</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Checks, Drafts, Etc</U>. All checks, drafts or other orders for payment of money, notes or other evidence of indebtedness,
issued in the name of or payable to the Corporation, shall be signed or endorsed by such person or persons and in such manner as,
from time to time, shall be determined by resolution of the Board. Each such officer, assistant, agent or attorney shall give such
bond, if any, as the Board may require.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;5.3</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Deposits</U>. All funds of the Corporation not otherwise employed shall be deposited from time to time to the credit
of the Corporation in such banks, trust companies or other depositories as the Board may select, or as may be selected by any officer
or officers, assistant or assistants, agent or agents, or attorney or attorneys of the Corporation to whom such power shall have
been delegated by the Board. For the purpose of deposit and for the purpose of collection for the account of the Corporation, the
Chairman of the Board, the Chief Executive Officer and President, the Chief Financial Officer, any Vice President (or any other
officer or officers, assistant</P>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.0in">or assistants, agent or agents, or attorney or attorneys of the Corporation who shall from time
to time be determined by the Board) may endorse, assign and deliver checks, drafts and other orders for the payment of money which
are payable to the order of the Corporation.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;5.4</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>General and Special Bank Accounts</U>. The Board may from time to time authorize the opening and keeping of general and
special bank accounts with such banks, trust companies or other depositories as the Board may select or as may be selected by any
officer or officers, assistant or assistants, agent or agents, or attorney or attorneys of the Corporation to whom such power shall
have been delegated by the Board. The Board may make such special rules and regulations with respect to such bank accounts, not
inconsistent with the provisions of these Bylaws, as it may deem expedient.</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>ARTICLE
VI</B></FONT><BR>
<BR>
SHARES AND THEIR TRANSFER</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;6.1</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Certificates for Stock</U>. Every owner of stock represented by certificates shall be entitled to have a certificate
or certificates, to be in such form as the Board shall prescribe, certifying the number and class or series of shares of the stock
of the Corporation owned by such owner. The certificates representing shares of such stock shall be numbered in the order in which
they shall be issued and shall be signed in the name of the Corporation by the Chairman of the Board, the President or a Vice President,
and by the Secretary or an Assistant Secretary, or the Treasurer or an Assistant Treasurer. Any or all of the signatures on the
certificates may be a facsimile. In case any officer, transfer agent or registrar who has signed, or whose facsimile signature
has been placed upon, any such certificate, shall have ceased to be such officer, transfer agent or registrar before such certificate
is issued, such certificate may nevertheless be issued by the Corporation with the same effect as though the person who signed
such certificate, or whose facsimile signature shall have been placed thereupon, were such an officer, transfer agent or registrar
at the date of issue. A record shall be kept of the respective names of the persons, firms or corporations owning the stock represented
by such certificates, the number and class or series of shares represented by such certificates, respectively, and the respective
dates thereof, and in case of cancellation, the respective dates of cancellation. Every certificate surrendered to the Corporation
for exchange or transfer shall be canceled, and no new certificate or certificates shall be issued in exchange for any existing
certificate until such existing certificate shall have been so canceled, except in cases provided for in Section&nbsp;6.4
hereof.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;6.2</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Transfers of Stock</U>. Transfers of shares of stock of the Corporation shall be made only on the books of the Corporation
by the registered holder thereof, or by such holder&rsquo;s attorney thereunto authorized by power of attorney duly executed and
filed with the Secretary, or with a transfer clerk or a transfer agent appointed as provided in Section&nbsp;6.3
hereof, and upon surrender of the certificate or certificates for such shares properly endorsed and the payment of all taxes thereon.
To the fullest extent permitted by law, the person in whose name shares of stock stand on the books of the Corporation shall be
deemed the owner thereof for all purposes as regards the Corporation. Whenever any transfer of shares shall be made for collateral
security, and not absolutely, such fact shall be so expressed in the entry of transfer if, when the certificate or</P>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.0in">certificates
shall be presented to the Corporation for transfer, both the transferor and the transferee request the Corporation to do so.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;6.3</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Regulations</U>. The Board may make such rules and regulations, not inconsistent with these Bylaws, concerning the issue,
transfer and registration of certificates for shares of the stock of the Corporation. It may appoint, or authorize any officer
or officers to appoint, one or more transfer clerks or one or more transfer agents and one or more registrars, and may require
all certificates for stock to bear the signature or signatures of any of them.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;6.4</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Lost, Stolen, Destroyed, and Mutilated Certificates</U>. In any case of loss, theft, destruction, or mutilation of any
certificate of stock, another may be issued in its place upon proof of such loss, theft, destruction, or mutilation and upon the
giving of a bond of indemnity to the Corporation in such form and in such sum as the Board may direct; provided, however, that
a new certificate may be issued without requiring any bond when, in the judgment of the Board, it is proper so to do.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;6.5</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Fixing Date for Determination of Stockholders of Record</U>. In order that the Corporation may determine the stockholders
entitled to notice of 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 other change, conversion or
exchange of stock or for the purpose of any other lawful action, the Board may, except as otherwise required by law, fix, in advance,
a record date, which record date shall not precede the date on which the resolution fixing the record date is adopted and which
record date shall not be more than 60 nor less than 10 days before the date of such meeting, nor more than 60 days prior to any
such other action. If the Board so fixes a date, such date shall also be the record date for determining the stockholders entitled
to vote at such meeting, unless the Board determines that a later date on or before the date of the meeting shall be the date for
making such determination. If no record date is fixed by the Board of Directors, the record date for determining stockholders entitled
to notice of or to vote at a meeting of stockholders shall be at the close of business on the day next preceding the day on which
notice is given or, if notice is waived, at the close of business on the day next preceding the day on which the meeting is held,
and, for determining stockholders entitled to receive payment of any dividend or other distribution or allotment of rights or to
exercise any rights of change, conversion or exchange of stock or for any other purpose, the record date shall be at the close
of business on the day on which the Board of Directors adopts a resolution relating thereto. A determination of stockholders entitled
to notice of or to vote at a meeting of stockholders shall apply to any adjournment of such meeting; provided, however, that the
Board may fix a new record date for the adjourned meeting in the manner provided by law.</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>ARTICLE
VII</B></FONT><BR>
<BR>
INDEMNIFICATION</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;7.1</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Indemnification of Directors and Officers</U>. The Corporation shall indemnify, in the manner and to the fullest extent
permitted by the Delaware General Corporation Law, as the same exists or may hereafter be amended (the &ldquo;<U>Delaware Law</U>&rdquo;),
and by the Certificate of Incorporation, any person (or the estate of any person) who is or was a party to, or is threatened to</P>
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<P STYLE="margin: 0">&nbsp;</P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.0in">be made a party to or is otherwise involved in, any threatened, pending or completed action, suit or proceeding (a &ldquo;proceeding&rdquo;),
whether or not by or in the right of the Corporation, and whether civil, criminal, administrative, investigative or otherwise,
by reason of the fact that such person is or was a director, officer or trustee of the Corporation, or is or was serving at the
request of the Corporation as a director or officer of another corporation, partnership, joint venture, trust or other enterprise,
including service with respect to an employee benefit plan (an &ldquo;indemnitee&rdquo;). The Corporation may, to the fullest extent
permitted by the Delaware Law, purchase and maintain insurance on behalf of any such person against any liability which may be
asserted against such person. The Corporation may create a trust fund, grant a security interest or use other means (including
without limitation a letter of credit) to ensure the payment of such sums as may become necessary to effect the indemnification
as provided herein. The indemnification provided herein shall not be deemed to limit the right of the Corporation to indemnify
any other person for any such expenses to the fullest extent permitted by the Delaware Law, nor shall it be deemed exclusive of
any other rights to which any person seeking indemnification from the Corporation may be entitled under any agreement, the Corporation&rsquo;s
Certificate of Incorporation, vote of stockholders or disinterested directors, or otherwise, both as to action in such person&rsquo;s
official capacity and as to action in another capacity while holding such office.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;7.2</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Right to Advancement of Expenses</U>. In addition to the right to indemnification conferred in Section&nbsp;7.1
of this Article&nbsp;VII, an indemnitee shall also have the right to be paid by the Corporation the
expenses (including attorney&rsquo;s fees) incurred in defending any such proceeding in advance of its final disposition (hereinafter
an &ldquo;advancement of expenses&rdquo;)&#894; provided, however, that, if the Delaware General Corporation Law requires, an advancement
of expenses incurred by an indemnitee in his or her capacity as a director or officer (and not in any other capacity in which service
was or is rendered by such indemnitee, including, without limitation, service to an employee benefit plan) shall be made only upon
delivery to the Corporation of an undertaking (hereinafter an &ldquo;undertaking&rdquo;), by or on behalf of such indemnitee, to
repay all amounts so advanced if it shall ultimately be determined by final judicial decision from which there is no further right
to appeal (hereinafter a &ldquo;final adjudication&rdquo;) that such indemnitee is not entitled to be indemnified for such expenses
under this Section&nbsp;7.2 or otherwise.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;7.3</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Right of Indemnitee to Bring Suit</U>. If a claim under Section&nbsp;7.1 or 7.2
of this Article&nbsp;VII is not paid in full by the Corporation within sixty (60) days after a written
claim has been received by the Corporation, except in the case of a claim for an advancement of expenses, in which case the applicable
period shall be twenty (20) days, the indemnitee may at any time thereafter bring suit against the Corporation to recover the unpaid
amount of the claim. To the fullest extent permitted by law, if successful in whole or in part in any such suit, or in a suit brought
by the Corporation to recover an advancement of expenses pursuant to the terms of an undertaking, the indemnitee shall be entitled
to be paid also the expense of prosecuting or defending such suit. In (i)&nbsp;any suit brought by
the indemnitee to enforce a right to indemnification hereunder (but not in a suit brought by the indemnitee to enforce a right
to an advancement of expenses) it shall be a defense that, and (ii)&nbsp;in any suit brought by the Corporation to recover an advancement
of expenses pursuant to the terms of an undertaking, the Corporation shall be entitled to recover such expenses upon a final adjudication
that, the indemnitee has not met any applicable standard for indemnification set forth in the Delaware General Corporation Law.
Neither the failure of the Corporation (including its directors who are not parties to such action, a committee of such directors,
independent legal</P>
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<P STYLE="margin: 0">&nbsp;</P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.0in">counsel, or its stockholders) to have made a determination prior to the commencement of such suit that indemnification
of the indemnitee is proper in the circumstances because the indemnitee has met the applicable standard of conduct set forth in
the Delaware General Corporation Law, nor an actual determination by the Corporation (including its directors who are not parties
to such action, a committee of such directors, independent legal counsel, or its stockholders) that the indemnitee has not met
such applicable standard of conduct, shall create a presumption that the indemnitee has not met the applicable standard of conduct
or, in the case of such a suit brought by the indemnitee, be a defense to such suit. In any suit brought by the indemnitee to enforce
a right to indemnification or to an advancement of expenses hereunder, or brought by the Corporation to recover an advancement
of expenses pursuant to the terms of an undertaking, the burden of proving that the indemnitee is not entitled to be indemnified,
or to such advancement of expenses, under this Article&nbsp;VII or otherwise shall be on the Corporation.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;7.4</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Indemnification of Employees and Agents</U>. The Corporation may, but only to the extent that the Board of Directors
may (but shall not be obligated to) authorize from time to time, grant rights to indemnification and to the advancement of expenses
to any employee or agent of the Corporation to the fullest extent of the provisions of this Article&nbsp;VII
as they apply to the indemnification and advancement of expenses of directors and officers of the Corporation.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;7.5</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Indemnification Agreement</U>. The Corporation may enter into indemnification agreements with any one or more directors,
officers, employees and agents upon resolution duly adopted by the Board. Such agreements may indemnify such persons to the fullest
extent permitted by the Delaware law, the Certificate of Incorporation and this Article&nbsp;VII.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;7.6</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Nature of Rights</U>. The rights conferred upon indemnitees in this Article&nbsp;VII shall
be contract rights and such rights shall continue as to an indemnitee who has ceased to be a director, officer or trustee and shall
inure to the benefit of the indemnitee&rsquo;s heirs, executors and administrators. Any amendment, alteration or repeal of this
Article&nbsp;VII that adversely affects any right of an indemnitee or its successors shall be prospective
only and shall not limit or eliminate any such right with respect to any proceeding involving any occurrence or alleged occurrence
of any action or omission to act that took place prior to such amendment or repeal.</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>ARTICLE
VIII</B></FONT><BR>
<BR>
MISCELLANEOUS</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;8.1</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Seal</U>. The Board shall adopt a corporate seal, which shall be in the form of a circle and shall bear the name of the
Corporation and words showing that the Corporation was incorporated in the State of Delaware.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;8.2</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Waiver of Notices</U>. Whenever notice is required to be given by these Bylaws or the Certificate of Incorporation or
by law, the person entitled to said notice may waive such notice in writing or by electronic transmission, either before or after
the time stated therein, and such waiver shall be deemed equivalent to notice. Neither the business nor the purpose of any meeting
need be specified in such a waiver. Attendance at any meeting shall constitute waiver of</P>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.0in">notice except attendance for the express
purpose of objecting at the beginning of the meeting to the transaction of business because the meeting is not lawfully called
or convened.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;8.3</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Amendments</U>. Except as otherwise provided herein or in the Certificate of Incorporation, these Bylaws or any of them
may be altered, amended, repealed or rescinded and new Bylaws may be adopted by the Board or by the stockholders at any annual
or special meeting of stockholders. In addition to any affirmative vote required by applicable law and any voting rights granted
to or held by the holders of Common Stock or Preferred Stock, any amendment, alteration, repeal or rescission of any provision
of the Bylaws of the Corporation must be approved either (A)&nbsp;by a majority of the Whole Board,
or (B)&nbsp;by the affirmative vote of the holders of not less than 66 2/3% of the voting power then
outstanding.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;8.4</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Representation of Other Corporations</U>. The Chairman of the Board, the Chief Executive Officer and President, the Chief
Financial Officer, the Secretary or any Vice President of the Corporation is authorized to vote, represent and exercise on behalf
of the Corporation all rights incident to any and all shares of any other corporation or corporations standing in the name of the
Corporation, other than a corporation of which the Corporation owns twenty percent (20%) or more of its capital stock, in which
case such officers shall not be so authorized under these Bylaws without the authorization of the Board of Directors. The authority
herein granted to said officers to vote or represent on behalf of the Corporation any and all shares held by the Corporation in
any other corporation or corporations may be exercised either by such officers in person or by any person authorized so to do by
proxy or power of attorney duly executed by such officers.</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>ARTICLE
IX</B></FONT><BR>
<BR>
FORUM</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; text-transform: uppercase">Section&nbsp;9.1</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Forum Selection</U>. Unless the Corporation consents in writing to the selection of an alternative forum, to the fullest
extent permitted by law, all Internal Corporate Claims shall be brought solely and exclusively in the Court of Chancery of the
State of Delaware (or, if such court does not have jurisdiction, the Superior Court of the State of Delaware, or, if such other
court does not have jurisdiction, the United States District Court for the District of Delaware). &ldquo;Internal Corporate Claims&rdquo;
means claims, including claims in the right of the Corporation, brought by a stockholder (including a beneficial owner) (i)&nbsp;that
are based upon a violation of a duty by a current or former director or officer or stockholder in such capacity or (ii)&nbsp;as
to which the DGCL confers jurisdiction upon the Court of Chancery of the State of Delaware.</P>



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