<SEC-DOCUMENT>0000950103-15-007749.txt : 20150929
<SEC-HEADER>0000950103-15-007749.hdr.sgml : 20150929
<ACCEPTANCE-DATETIME>20150929162846
ACCESSION NUMBER:		0000950103-15-007749
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20150923
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150929
DATE AS OF CHANGE:		20150929

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Penumbra Inc
		CENTRAL INDEX KEY:			0001321732
		STANDARD INDUSTRIAL CLASSIFICATION:	SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-37557
		FILM NUMBER:		151131106

	BUSINESS ADDRESS:	
		STREET 1:		1351 HARBOR BAY PARKWAY
		CITY:			ALAMEDA
		STATE:			CA
		ZIP:			94502
		BUSINESS PHONE:		(510) 748-3251

	MAIL ADDRESS:	
		STREET 1:		1351 HARBOR BAY PARKWAY
		CITY:			ALAMEDA
		STATE:			CA
		ZIP:			94502
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>dp60021_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 12pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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

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



<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

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

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

<HR SIZE="1" NOSHADE ALIGN="CENTER" STYLE="width: 25%; color: black">

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM&nbsp;8-K</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<HR SIZE="1" NOSHADE ALIGN="CENTER" STYLE="width: 25%; color: black">

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section&nbsp;13 or 15(d)</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>of the Securities Exchange Act of 1934</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):<B>
September 23, 2015</B></P>

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

<HR SIZE="1" NOSHADE ALIGN="CENTER" STYLE="width: 25%; color: black">

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PENUMBRA, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

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

<HR SIZE="1" NOSHADE ALIGN="CENTER" STYLE="width: 25%; color: black">

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; padding: 0pt; text-align: center; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0pt; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0pt; text-align: center; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0pt; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0pt; text-align: center; text-indent: 0pt">&nbsp;</TD></TR>
<tr>
    <TD STYLE="vertical-align: top; width: 32%; text-align: center; padding: 0pt; text-indent: 0pt"><font style="font-size: 10pt"><b>Delaware</b></font></td>
    <TD STYLE="vertical-align: bottom; width: 2%; padding: 0pt; text-indent: 0pt">&nbsp;</td>
    <TD STYLE="vertical-align: top; width: 32%; text-align: center; padding: 0pt; text-indent: 0pt"><font style="font-size: 10pt"><b>001-37557</b></font></td>
    <TD STYLE="vertical-align: bottom; width: 2%; padding: 0pt; text-indent: 0pt">&nbsp;</td>
    <TD STYLE="vertical-align: top; width: 32%; text-align: center; padding: 0pt; text-indent: 0pt"><font style="font-size: 10pt"><b>05-0605598</b></font></td></tr>
<tr>
    <TD STYLE="vertical-align: top; text-align: center; padding: 0pt; text-indent: 0pt"><font style="font-size: 10pt">(State of incorporation)</font></td>
    <TD STYLE="vertical-align: bottom; padding: 0pt; text-indent: 0pt">&nbsp;</td>
    <TD STYLE="vertical-align: top; text-align: center; padding: 0pt; text-indent: 0pt"><font style="font-size: 10pt">(Commission File No.)</font></td>
    <TD STYLE="vertical-align: bottom; padding: 0pt; text-indent: 0pt">&nbsp;</td>
    <TD STYLE="vertical-align: top; text-align: center; padding: 0pt; text-indent: 0pt"><font style="font-size: 10pt">(IRS Employer Identification No.)</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>1351 Harbor Bay Parkway</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Alameda, CA 94502 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive offices
and zip code)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant&rsquo;s telephone number, including
area code:<B> (510) 748-3200</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form&nbsp;8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">o</FONT></TD><TD>Written communications pursuant to Rule&nbsp;425 under
the Securities Act (17 CFR 230.425)</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">o</FONT></TD><TD>Soliciting material pursuant to Rule&nbsp;14a-12 under
the Exchange Act (17 CFR 240.14a-12)</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">o</FONT></TD><TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b)&nbsp;under
the Exchange Act (17 CFR 240.14d-2(b))</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">o</FONT></TD><TD>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c)&nbsp;under
the Exchange Act (17 CFR 240.13e-4(c))</TD>
</TR></TABLE>

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

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

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

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 12pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 5.03.&#9;Amendments to Certificate of Incorporation
or Bylaws; Change in Fiscal Year.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As previously contemplated by the disclosure
in its Registration Statement on Form S-1 (File No. 333-206412), Penumbra,&nbsp;Inc. (the &ldquo;Company&rdquo;) took the following
actions in connection with the closing of the Company&rsquo;s initial public offering of shares of its common stock (the &ldquo;Closing&rdquo;)
on September 23, 2015.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Amendment and Restatement of Certificate
of Incorporation</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Immediately prior to the Closing, on September
23, 2015, the Company filed an amended and restated certificate of incorporation (the &ldquo;A&amp;R Certificate&rdquo;) with the
Secretary of State of the State of Delaware. The A&amp;R Certificate amended and restated the Company&rsquo;s sixth amended and
restated certificate of incorporation to, among other things:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0pt; text-indent: 0pt"></TD><TD STYLE="width: 0.25in; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="padding: 0pt; text-indent: 0pt">authorize 300,000,000 shares of common stock;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0pt; text-indent: 0pt"></TD><TD STYLE="width: 0.25in; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="padding: 0pt; text-indent: 0pt">authorize 5,000,000 shares of undesignated preferred stock (the &ldquo;Undesignated Preferred Stock&rdquo;) that may be issued
from time to time by the Company&rsquo;s board of directors (the &ldquo;Board&rdquo;) in one or more series with such designations,
powers, preferences and other rights as the Board determines;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0pt; text-indent: 0pt"></TD><TD STYLE="width: 0.25in; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="padding: 0pt; text-indent: 0pt">permit the Board to adopt, amend or repeal the Company&rsquo;s bylaws (the &ldquo;Bylaws&rdquo;) without obtaining stockholder
approval, and require that any amendment of the Bylaws by the stockholders receive the affirmative vote of the holders of not less
than 66 2/3% of the total voting power of all outstanding securities entitled to vote in the election of directors;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0pt; text-indent: 0pt"></TD><TD STYLE="width: 0.25in; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="padding: 0pt; text-indent: 0pt">provide for a classified Board consisting of three classes and prohibit the removal of directors by the stockholders without
cause, through the vote of a majority of the total voting power of all outstanding securities entitled to vote in the election
of directors;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0pt; text-indent: 0pt"></TD><TD STYLE="width: 0.25in; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="padding: 0pt; text-indent: 0pt">prohibit stockholder action by written consent in lieu of a meeting, subject to the rights of any preferred stock then outstanding
fixed by the Board, thereby requiring all stockholder actions to be taken at a meeting of the Company&rsquo;s stockholders;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0pt; text-indent: 0pt"></TD><TD STYLE="width: 0.25in; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="padding: 0pt; text-indent: 0pt">require that special meetings of the stockholders be called only by the Board;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0pt; text-indent: 0pt"></TD><TD STYLE="width: 0.25in; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="padding: 0pt; text-indent: 0pt">provide for the indemnification of directors and officers of the Company, in each case to the fullest extent authorized by
the General Corporation Law of the State of Delaware; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0pt; text-indent: 0pt"></TD><TD STYLE="width: 0.25in; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="padding: 0pt; text-indent: 0pt">require that any amendment of certain provisions of the A&amp;R Certificate by the stockholders receive the affirmative vote
of the holders of not less than 66 2/3% of the total voting power of all outstanding securities entitled to vote in the election
of directors.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Certificate of Retirement</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Immediately upon the Closing, all outstanding
shares of the Company&rsquo;s Series A preferred stock, Series B preferred stock, Series C preferred stock, Series D preferred
stock, Series E preferred stock and Series F preferred stock (collectively, the &ldquo;Designated Preferred Stock&rdquo;) automatically
converted into shares of the Company&rsquo;s common stock on a one-for-one basis, and such shares of Designated Preferred Stock
were cancelled, retired and eliminated from the shares that the Company is authorized to issue and shall not be reissued by the
Company. Accordingly, immediately upon the Closing, on September 23, 2015, the Company filed a certificate of retirement of preferred
stock (the &ldquo;Certificate of Retirement&rdquo;) with the Secretary of State of the State of Delaware, which eliminated from
the A&amp;R Certificate all references to the Designated Preferred Stock and reduced the total authorized number of shares of the
capital stock of the Company by the number of shares of Designated Preferred Stock so retired, such that the total number of authorized
shares of the Company following the filing of the Certificate of Retirement is 305,000,000, consisting of 300,000,000 shares of
common stock and 5,000,000 shares of Undesignated Preferred Stock.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Restated Certificate</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Immediately following the effectiveness
of the Certificate of Retirement, on September 23, 2015, the Company filed a restated certificate of incorporation (the &ldquo;Restated
Certificate&rdquo;) with the Secretary of State of the State of Delaware. The Restated Certificate only restates and integrates
and does not further amend the provisions of the A&amp;R Certificate that was filed with the Secretary of State of the State of
Delaware on September 23, 2015, as amended by the Certificate of Retirement that was filed with the Secretary of State of the
State of Delaware on September 23, 2015.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The foregoing descriptions of the A&amp;R
Certificate, Certificate of Retirement and Restated Certificate are qualified in their entirety by reference to the A&amp;R Certificate,
Certificate of Retirement and Restated Certificate, copies of which are filed herewith as Exhibits&nbsp;3.1, 3.2 and 3.3, respectively.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Amendment and Restatement of Bylaws</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Immediately prior to the Closing, on
September 23, 2015, the Company&rsquo;s amended and restated bylaws (the &ldquo;Restated Bylaws&rdquo;) became effective.
The Restated Bylaws amended the Company&rsquo;s bylaws to, among other things:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0pt; text-indent: 0pt"></TD><TD STYLE="width: 0.25in; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="padding: 0pt; text-indent: 0pt">prohibit stockholder action by written consent in lieu of a meeting, subject to the rights of any preferred stock then outstanding
fixed by the Board, thereby requiring all stockholder actions to be taken at a meeting of the Company&rsquo;s stockholders;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0pt; text-indent: 0pt"></TD><TD STYLE="width: 0.25in; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="padding: 0pt; text-indent: 0pt">require that special meetings of the stockholders be called only by the Board;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0pt; text-indent: 0pt"></TD><TD STYLE="width: 0.25in; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="padding: 0pt; text-indent: 0pt">establish advance notice, content and procedural requirements for notice provided by stockholders for nominations for election
to the Board and for proposals to be brought by stockholders before any meeting of the Company&rsquo;s stockholders;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0pt; text-indent: 0pt"></TD><TD STYLE="width: 0.25in; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="padding: 0pt; text-indent: 0pt">set forth the rights, powers and manner of acting of the Board and officers of the Company;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0pt; text-indent: 0pt"></TD><TD STYLE="width: 0.25in; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="padding: 0pt; text-indent: 0pt">provide that the exclusive forum for certain actions will be a state court within the State of Delaware; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0pt; text-indent: 0pt"></TD><TD STYLE="width: 0.25in; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="padding: 0pt; text-indent: 0pt">permit the Board to adopt, amend or repeal the Restated Bylaws without obtaining stockholder approval, and require that any
amendment of the Restated Bylaws by the stockholders receive the affirmative vote of the holders of not less than 66 2/3% of the
total voting power of all outstanding securities entitled to vote in the election of directors.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The foregoing description of the Restated
Bylaws is qualified in its entirety by reference to the Restated Bylaws, a copy of which is filed herewith as Exhibit&nbsp;3.4.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01.&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.</B></P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <TD STYLE="width: 8%; border-bottom: black 1pt solid; padding: 0pt; font-size: 8pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Exhibit&nbsp;No.</B></FONT></td>
    <TD STYLE="width: 2%; text-align: center; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 80%; border-bottom: black 1pt solid; padding: 0pt; font-size: 8pt; text-align: center; text-indent: 0pt"><FONT STYLE="font-size: 10pt"><B>Description</B></FONT></td></tr>
<tr>
    <TD STYLE="vertical-align: top; text-align: center; padding: 0pt"><FONT STYLE="font-size: 10pt">3.1</FONT></td>
    <TD STYLE="vertical-align: bottom; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: top; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">Amended and Restated Certificate
    of Incorporation of Penumbra,&nbsp;Inc. </FONT></td></tr>
<tr>
    <TD STYLE="vertical-align: top; padding: 0pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: top; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<tr>
    <TD STYLE="vertical-align: top; text-align: center; padding: 0pt"><FONT STYLE="font-size: 10pt">3.2</FONT></td>
    <TD STYLE="vertical-align: bottom; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: top; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">Certificate of Retirement of
    Series A, Series B, Series C, Series D, Series E and Series F Preferred Stock of Penumbra, Inc.</FONT></td></tr>
<tr>
    <TD STYLE="vertical-align: top; padding: 0pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: top; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<tr>
    <TD STYLE="vertical-align: top; text-align: center; padding: 0pt"><FONT STYLE="font-size: 10pt">3.3</FONT></td>
    <TD STYLE="vertical-align: bottom; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: top; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">Restated Certificate of Incorporation
    of Penumbra, Inc.</FONT></td></tr>
<tr>
    <TD STYLE="vertical-align: top; text-align: center; padding: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: top; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<tr>
    <TD STYLE="vertical-align: top; text-align: center; padding: 0pt"><FONT STYLE="font-size: 10pt">3.4</FONT></td>
    <TD STYLE="vertical-align: bottom; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: top; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">Amended and Restated Bylaws
    of Penumbra, Inc.</FONT></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23.1pt">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: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23.1pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="padding: 0pt; text-indent: 0pt">&nbsp;</td>
    <TD COLSPAN="2" STYLE="padding: 0pt; text-indent: 0pt"><font style="font-size: 10pt"><b>PENUMBRA,&nbsp;INC.</b></font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="padding: 0pt; text-indent: 0pt"><font style="font-size: 10pt">Date: September 29, 2015</font></td>
    <TD COLSPAN="2" STYLE="padding: 0pt; text-indent: 0pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="width: 50%; padding: 0pt; text-indent: 0pt">&nbsp;</td>
    <TD STYLE="width: 4%; padding: 0pt; text-indent: 0pt"><font style="font-size: 10pt">By:</font></td>
    <TD STYLE="width: 46%; border-bottom: black 1pt solid; padding: 0pt; text-indent: 0pt"><font style="font-size: 10pt">/s/ Sri Kosaraju</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="padding: 0pt; text-indent: 0pt">&nbsp;</td>
    <TD STYLE="padding: 0pt; text-indent: 0pt">&nbsp;</td>
    <TD STYLE="padding: 0pt; text-indent: 0pt"><font style="font-size: 10pt">Name: Sri Kosaraju</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="padding: 0pt; text-indent: 0pt">&nbsp;</td>
    <TD STYLE="padding: 0pt; text-indent: 0pt">&nbsp;</td>
    <TD STYLE="padding: 0pt; text-indent: 0pt"><font style="font-size: 10pt">Title:&nbsp;&nbsp;&nbsp;Chief Financial Officer and Head of Strategy</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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


<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <TD STYLE="width: 8%; border-bottom: black 1pt solid; padding: 0pt; font-size: 8pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Exhibit&nbsp;No.</B></FONT></td>
    <TD STYLE="width: 2%; text-align: center; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 80%; border-bottom: black 1pt solid; padding: 0pt; font-size: 8pt; text-align: center; text-indent: 0pt"><FONT STYLE="font-size: 10pt"><B>Description</B></FONT></td></tr>
<tr>
    <TD STYLE="vertical-align: top; text-align: center; padding: 0pt"><FONT STYLE="font-size: 10pt">3.1</FONT></td>
    <TD STYLE="vertical-align: bottom; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: top; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">Amended and Restated Certificate
    of Incorporation of Penumbra,&nbsp;Inc. </FONT></td></tr>
<tr>
    <TD STYLE="vertical-align: top; padding: 0pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: top; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<tr>
    <TD STYLE="vertical-align: top; text-align: center; padding: 0pt"><FONT STYLE="font-size: 10pt">3.2</FONT></td>
    <TD STYLE="vertical-align: bottom; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: top; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">Certificate of Retirement of
    Series A, Series B, Series C, Series D, Series E and Series F Preferred Stock of Penumbra, Inc.</FONT></td></tr>
<tr>
    <TD STYLE="vertical-align: top; padding: 0pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: top; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<tr>
    <TD STYLE="vertical-align: top; text-align: center; padding: 0pt"><FONT STYLE="font-size: 10pt">3.3</FONT></td>
    <TD STYLE="vertical-align: bottom; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: top; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">Restated Certificate of Incorporation
    of Penumbra, Inc.</FONT></td></tr>
<tr>
    <TD STYLE="vertical-align: top; text-align: center; padding: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: top; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<tr>
    <TD STYLE="vertical-align: top; text-align: center; padding: 0pt"><FONT STYLE="font-size: 10pt">3.4</FONT></td>
    <TD STYLE="vertical-align: bottom; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: top; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">Amended and Restated Bylaws
    of Penumbra, Inc.</FONT></td></tr>
</table>


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

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

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

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

<!-- Field: Page; Sequence: 5; Options: Last -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3.1
<SEQUENCE>2
<FILENAME>dp60021_ex0301.htm
<DESCRIPTION>EXHIBIT 3.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 3.1</B></P>

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



<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

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

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

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">CERTIFICATE
OF INCORPORATION<BR>
<BR>
OF<BR>
<BR>
PENUMBRA, INC.<BR>
<BR></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; font-weight: normal">The
undersigned, Robert D. Evans, does hereby verify that:</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; font-weight: normal">ONE:&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;He
is the duly elected and acting Executive Vice President, General Counsel and Secretary of Penumbra, Inc., a corporation organized
and existing under the laws of the State of Delaware. </FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; font-weight: normal">TWO:&#9;&nbsp;&nbsp;&nbsp;The
original Certificate of Incorporation of the Corporation was filed with the Secretary of State of the State of Delaware on June
21, 2004, and was amended and restated on July 20, 2004, December 16, 2004, March 8, 2006, March 23, 2007, March 6, 2008, and
May 16, 2014:</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">THREE:&#9;The
amendments to the Certificate of Incorporation reflected herein have been duly authorized and adopted by the Corporation&rsquo;s
Board of Directors (the &ldquo;<B>Board of Directors</B>&rdquo;) and stockholders in accordance with the provisions of Sections
242 and 245 of the General Corporation Law of the State of Delaware. The text of the Certificate of Incorporation is hereby amended
and restated in its entirety to read as follows:</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><BR>
<B>ARTICLE I.</B><BR>
<B>NAME</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
name of the corporation is Penumbra, Inc. (the &ldquo;<B>Corporation</B>&rdquo;).<BR>
<BR>
<B>ARTICLE II.</B><BR>
<B>REGISTERED OFFICE AND AGENT</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The address
of its registered office in the State of Delaware is 3500 South DuPont Highway, Dover, Kent County, Delaware 19901. The name of
its registered agent at such address is Incorporating Services, Ltd.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><BR>
<B>ARTICLE III.</B><BR>
<B>PURPOSE AND POWERS</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The purpose
of the Corporation is to engage in any lawful act or activity for which corporations may be organized under the General Corporation
Law of the State of Delaware as the same exists or may hereafter be amended (&ldquo;<B>Delaware Law</B>&rdquo;).</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><BR>
<B>ARTICLE IV</B><BR>
<B>CAPITAL STOCK</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(A)&#9;&nbsp;&nbsp;&nbsp;Authorized
Shares</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">&#9;1.&#9;<B>&nbsp;&nbsp;&nbsp;Classes
of Stock.</B> The total number of shares of stock that the Corporation shall have authority to issue is 324,510,410 shares consisting
of 300,000,000 shares of Common Stock, par value $0.001 per share (the &ldquo;<B>Common Stock</B>&rdquo;), and 24,510,410 shares
of Preferred Stock, par value $0.001 per share (the &ldquo;<B>Preferred Stock</B>&rdquo;), of which 1,000,000 shares are designated
Series A Preferred Stock (&ldquo;<B>Series A Preferred Stock</B>&rdquo;), 4,005,338 shares are designated Series B Preferred Stock
(&ldquo;<B>Series B Preferred Stock</B>&rdquo;), 4,168,218 shares are designated Series C Preferred Stock (&ldquo;<B>Series C
Preferred Stock</B>&rdquo;), 3,881,459 shares are designated Series D Preferred Stock (&ldquo;<B>Series D Preferred Stock</B>&rdquo;),
1,909,940 shares are designated Series E Preferred Stock (&ldquo;<B>Series E Preferred Stock</B>&rdquo;) and 4,545,455 shares
are designated Series F Preferred Stock (&ldquo;<B>Series F Preferred Stock</B>&rdquo;, and together with the Series A Preferred
Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock and Series F Preferred
Stock, the &ldquo;<B>Designated Preferred Stock</B>&rdquo;), and 5,000,000 shares shall be undesignated preferred stock (the &ldquo;<B>Undesignated
Preferred Stock</B>&rdquo;).</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The powers,
preferences and rights of, and the qualifications, limitations and restrictions upon, each class or series of stock shall be determined
in accordance with, or as set forth below in, this Article IV. Every reference to Preferred Stock in Article IV(C) below means
the Designated Preferred Stock. Immediately following the conversion of all outstanding Designated Preferred Stock into Common
Stock pursuant to Article IV(C), the Corporation shall no longer have the authority to issue any Designated Preferred Stock.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">&#9;2.&#9;<B>&nbsp;&nbsp;&nbsp;Undesignated
Preferred Stock.</B> The Board of Directors is hereby empowered, without any action or vote by the Corporation&rsquo;s stockholders
(except as may otherwise be provided by the terms of any class or series of Preferred Stock then outstanding), to authorize by
resolution or resolutions from time to time the issuance of one or more classes or series of Undesignated Preferred Stock and
to fix the designations, powers, preferences and relative, participating, optional or other rights, if any, and the qualifications,
limitations or restrictions thereof, if any, with respect to each such class or series thereof and the number of shares constituting
each such class or series, and to increase or decrease the number of shares of any such class or series to the extent permitted
by Delaware Law.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(B)&#9;&nbsp;&nbsp;&nbsp;Common
Stock.</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Each holder
of Common Stock, as such, shall be entitled to one vote for each share of Common Stock held of record by such holder on all matters
on which stockholders generally are entitled to vote; <I>provided, however,</I> that, except as otherwise required by law, holders
of Common Stock, as such, shall not be entitled to vote on any amendment to this Certificate of Incorporation (including any certificate
of designations relating to any class or series of Preferred Stock) that relates solely to the terms of one or more outstanding
classes or series of Preferred Stock if the holders of such affected class or series are entitled, either separately or together
with the holders of one or more other such classes or series, to vote thereon pursuant to this Certificate of Incorporation (including
any certificate of designations relating to any class or series of Preferred Stock) or pursuant to Delaware Law.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(C)&#9;&nbsp;&nbsp;&nbsp;Designated
Preferred Stock. </B>The rights, preferences, privileges, and restrictions granted to and imposed on the Designated Preferred
Stock are as set forth below in this Article IV(C).</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">(1)&nbsp;&nbsp;&nbsp;&#9;<U>Dividend
Provisions</U>. The holders of shares of Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series
D Preferred Stock, Series E Preferred Stock and Series F Preferred Stock shall be entitled to receive dividends out of any assets
legally available therefor, prior and in preference to any declaration or payment of any dividend (payable other than in Common
Stock or other securities and rights convertible into or entitling the holder thereof to receive, directly or indirectly, additional
shares of Common Stock of the Corporation) on the Common Stock of the Corporation, at the rate of six percent (6.0%) of the Original
Purchase Price (as defined below) per share of Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series
D Preferred Stock, Series E Preferred Stock or Series F Preferred Stock, as applicable (appropriately adjusted to reflect subsequent
stock splits, stock dividends, combinations or other recapitalizations), per annum on each outstanding share of Series A Preferred
Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock or Series F Preferred
Stock, as applicable, payable when, as and if declared by the Board of Directors. Such dividends shall not be cumulative. No dividend
shall be paid on the Common Stock in any fiscal year unless a dividend shall first have been paid in full on the Preferred Stock
in an amount for each such share of Preferred Stock equal to or greater than the aggregate amount of dividends for all Common
Stock into which each such share of Preferred Stock could then be converted. The holders of outstanding Preferred Stock can waive
any dividend preference that such holders shall be entitled to receive under this Section 1 upon the affirmative vote or written
consent of (A) with respect to Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred
Stock and Series E Preferred Stock, the holders of at least a majority of the applicable series of Preferred Stock then outstanding,
and (B) with respect to Series F Preferred Stock, the holders of at least a two-thirds majority of the Series F Preferred Stock
then outstanding. &ldquo;<B>Original Purchase Price</B>&rdquo; shall mean (i) with respect to Series&nbsp;A Preferred Stock, $0.30,
(ii) with respect to Series B Preferred Stock, $1.63, (iii) with respect to Series C Preferred Stock, $3.19, (iv) with respect
to Series D Preferred Stock, $5.07, (v) with respect to the Series E Preferred Stock, $7.60 and (vi) with respect to the Series
F Preferred Stock, $13.20.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 3; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">(2)&nbsp;&nbsp;&nbsp;&#9;<U>Liquidation</U>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&#9;<U>Preference</U>.
In the event of any liquidation, dissolution or winding up of the Corporation, whether voluntary or involuntary:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.25in"><FONT STYLE="font-size: 10pt">(i)&#9;&nbsp;&nbsp;&nbsp;The
holders of Series F Preferred Stock shal1 be entitled to receive, prior and in preference to any distribution of any of the assets
of the Corporation to the holders of Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred
Stock and Series E Preferred Stock, or Common Stock by reason of their ownership thereof, an amount per share equal to the Original
Purchase Price plus six percent (6.0%) per annum, compounded annually from the Purchase Date (as defined in Article IV(C), Section
4(d)) (as adjusted to reflect subsequent stock splits, stock dividends, combinations or other recapitalizations), for each share
of Series F Preferred Stock then held by them. If upon the occurrence of such event, the assets and funds thus distributed among
the holders of Series F Preferred Stock shall be insufficient to permit the payment to such holders of the full preferential amounts,
then, subject to the rights of any series of Preferred Stock that may from time to time come into existence, the entire assets
and funds of this Corporation legally available for distribution shall be distributed ratably among the holders of Series F Preferred
Stock in proportion to the preferential amount each such holder is entitled to receive.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 153pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.25in"><FONT STYLE="font-size: 10pt">(ii)&#9;&nbsp;&nbsp;Upon
completion of the foregoing distribution, the holders of Series A Preferred Stock, Series B Preferred Stock, Series C Preferred
Stock, Series D Preferred Stock and Series E Preferred Stock shall be entitled to receive, prior and in preference to any distribution
of any of the assets of the Corporation to the holders of Common Stock by reason of their ownership thereof, an amount per share
equal to the applicable Original Purchase Price plus six percent (6.0%) per annum, compounded annually from the Purchase Date
(as defined in Article IV(C), Section 4(d)) (as adjusted to reflect subsequent stock splits, stock dividends, combinations or
other recapitalizations), for each share of Series&nbsp;A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock,
Series D Preferred Stock or Series E Preferred Stock, as applicable, then held by them. If upon the occurrence of such event,
the assets and funds thus distributed among the holders of Series A Preferred Stock, Series B Preferred Stock, Series C Preferred
Stock, Series D Preferred Stock and Series E Preferred Stock shall be insufficient to permit the payment to such holders of the
full preferential amounts, then, subject to the rights of any series of Preferred Stock that may from time to time come into existence,
the entire assets and funds of this Corporation legally available for distribution shall be distributed ratably among the holders
of Series&nbsp;A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series E Preferred
Stock and holders of such other series of Preferred Stock in proportion to the preferential amount each such holder is entitled
to receive.</FONT></P>

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

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

<!-- Field: Page; Sequence: 4; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 153pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&nbsp;&nbsp;&#9;<U>Remaining
Assets</U>. Upon the completion of the distribution required by Article IV(C), Section 2(a) above and any other distribution that
may be required with respect to any series of Preferred Stock that may from time to time come into existence, the remaining assets
of the Corporation available for distribution to stockholders shall be distributed among the holders of the Common Stock pro rata
based on the number of shares of Common Stock held by each.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;
<U>Certain Acquisitions</U>.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&#9;<U>Deemed
Liquidation</U>. For purposes of this Section 2, a liquidation, dissolution, or winding up of the Corporation shall be deemed
to occur if the Corporation shall sell, convey, or otherwise dispose of all or substantially all of its property, assets or business,
merge into or consolidate with any other corporation (other than a wholly-owned subsidiary corporation) or effect any other transaction,
including but not limited to a stock sale, or series of any such related transactions in which more than a majority of the voting
power of the Corporation is disposed of(each, a &ldquo;<B>Corporate Sale</B>&rdquo;), provided that, this Section 2(c)(i) shall
not apply to a merger effected solely for the purpose of changing the domicile of the Corporation.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 153pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)&nbsp;&nbsp;&#9;<U>Valuation
of Consideration</U>. The value of assets or securities distributed pursuant to this Section 2 shall be computed at their fair
market value at the time of payment to the Corporation or at the time made available to its stockholders, all as determined by
the Board of Directors in the good faith exercise of its reasonable business judgment, provided that (i) if such securities are
listed on any established stock exchange or a national market system, their fair market value shall be the closing sales price
for such securities as quoted on such system or exchange for the date the value is to be determined (or if there are no sales
for such date, then for the last preceding business day on which there were sales), as reported in the Wall Street Journal or
similar publication, and, (ii) if such securities are regularly quoted by a recognized securities dealer but selling prices are
not reported, their fair market value shall be the mean between the high bid and low asked prices for such securities on the date
the value is to be determined (or if there are no quoted prices for such date, then for the last preceding business day on which
there were quoted prices).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iii)&nbsp;&nbsp;&#9;<U>Consent
for Certain Repurchases</U>. Each holder of an outstanding share of Preferred Stock shall be deemed to have consented, to distributions
made by the Corporation in connection with the repurchase of shares of Common Stock issued to or held by directors, employees
or consultants (i) upon termination of their employment or services, (ii) in connection with other repurchases from employees
and consultants at the then deemed fair market value of the Common Stock, if approved by the Board of Directors, or (iii) in connection
with the exercise by the Corporation of contractual rights of first refusal or first offer pursuant to agreements providing for
the right of said repurchase between the Corporation and such persons, provided the terms of such repurchase shall have been approved
by the Board of Directors.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 5; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">(3)&nbsp;&nbsp;&nbsp;&#9;<U>Redemption</U>.
The Preferred Stock is not redeemable.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">(4)&nbsp;&nbsp;&nbsp;&#9;<U>Conversion</U>.
The holders of the Preferred Stock shall have conversion rights as follows (the &ldquo;<B>Conversion Rights</B>&rdquo;):</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&#9;<U>Right
to Convert</U>. Subject to Article IV(C), Section&nbsp;4(c), each share of Preferred Stock shall be convertible, at the option
of the holder thereof, at any time after the date of issuance of such share, at the office of the Corporation or any transfer
agent for such stock, into such number of fully paid and nonassessable shares of Common Stock as is determined by dividing (x)
the Original Purchase Price of Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred
Stock. Series E Preferred Stock or Series F Preferred Stock, as applicable, by (y) the Conversion Price (as defined below) applicable
to such share, determined as hereafter provided, in effect on the date the certificate is surrendered for conversion or, in the
case of an automatic conversion pursuant to Section 4(b), on the effective date of such conversion. The initial conversion price
per share of Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E
Preferred Stock and Series F Preferred Stock shall be the Original Purchase Price, which initial conversion price shall be subject
to adjustment as set forth in Section 4(d) (the &ldquo;<B>Conversion Price</B>&rdquo;).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&#9;<U>Automatic
Conversion</U>. Each share of Preferred Stock shall automatically be converted into shares of Common Stock at the applicable Conversion
Price immediately upon the earlier of (i) the closing of a firm commitment underwritten public offering pursuant to an effective
registration statement under the Securities Act of 1933, as amended (the &ldquo;<B>Securities Act</B>&rdquo;), covering the offer
and sale of Common Stock (other than a registration on Form S-8, Form S-4 or comparable or successor forms), with aggregate gross
proceeds (prior to underwriters&rsquo; commissions and offering expenses) to the Corporation of not less than $15,000,000 and
following which the Common Stock is quoted on NASDAQ or on the New York Stock Exchange (a &ldquo;<B>Qualified IPO</B>&rdquo;),
or (ii) the date specified by written consent or agreement of (A) the holders of at least a two-thirds majority of the then outstanding
shares of the Series F Preferred Stock voting as a separate class and (B) the holders of at least a majority of the then outstanding
shares of the Preferred Stock voting together as a single class.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 6; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&#9;<U>Mechanics
of Conversion</U>. Before any holder of Preferred Stock shall be entitled to convert the same into shares of Common Stock, the
holder shall surrender the certificate or certificates therefore, duly endorsed, at the office of the Corporation or of any transfer
agent for such series of Preferred Stock, and shall give written notice to the Corporation at its principal corporate office,
of the election to convert the same and shall state therein the name or names in which the certificate or certificates for shares
of Common Stock are to be issued. The Corporation shall, as soon as practicable thereafter, issue and deliver at such office to
such holder of Preferred Stock, or to the nominee or nominees of such holder, a certificate or certificates for the number of
shares of Common Stock to which such holder shall be entitled as aforesaid. Such conversion shall be deemed to have been made
immediately prior to the close of business on the date of such surrender of the shares of such series of Preferred Stock to be
converted, and the person or persons entitled to receive the shares of Common Stock issuable upon such conversion shall be treated
for all purposes as the record holder or holders of such shares of Common Stock as of such date. If the conversion is in connection
with a Qualified IPO pursuant to Article IV(C), Section 4(b)(i) above, such conversion shall be deemed to have been made immediately
prior to the closing of such offering, and the person or persons entitled to receive the shares of Common Stock issuable upon
such conversion shall be treated for all purposes as the record holder or holders of such shares of Common Stock on such date.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&#9;<U>Conversion
Price Adjustments of Preferred Stock for Certain Dilutive Issuances, Splits and Combinations</U>. The applicable Conversion Price
of each series of Preferred Stock shall be subject to adjustment from time to time as follows:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)&#9;&nbsp;&nbsp;&nbsp;&nbsp;(A)&#9;If
this Corporation shall issue, after the date on which any shares of Series A Preferred Stock, Series B Preferred Stock, Series
C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock or Series F Preferred Stock were first issued (the &ldquo;<B>Purchase
Date</B>&rdquo; with respect to such series), any Additional Stock (as defined below in Article IV(C), Section 4(d)(ii)) without
consideration or for a consideration per share less than the Conversion Price for such Series A Preferred Stock, Series B Preferred
Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock or Series F Preferred Stock in effect immediately
prior to the issuance of such Additional Stock, the Conversion Price for such Preferred Stock in effect immediately prior to each
such issuance shall forthwith (except as otherwise provided in this Section&nbsp;4(d)(i)) be adjusted to a price determined in
accordance with the following formula:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 153pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>CP2
= CP1 * ((A+ B) +(A+ C)).</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">For purposes
of the foregoing formula, the following definitions shall apply:</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 7; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B>CP2</B>&rdquo;
shall mean the applicable Conversion Price for such series of Preferred Stock in effect immediately after such issue of additional
shares of Common Stock;</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B>CP1</B>&rdquo;
shall mean the applicable Conversion Price for such series of Preferred Stock in effect immediately prior to such issue of additional
shares of Common Stock;</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B>A</B>&rdquo;
shall mean the number of shares of Common Stock outstanding immediately prior to such issue of additional shares of Common Stock
(treating for this purpose as outstanding all shares of Common Stock issuable upon exercise of options outstanding immediately
prior to such issue or upon conversion or exchange of Convertible Securities (including the Preferred Stock) outstanding (assuming
exercise of any outstanding options therefor) immediately prior to such issue);</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B>B</B>&rdquo;
shall mean the number of shares of Common Stock that would have been issued if such additional shares of Common Stock had been
issued at a price per share equal to CP1 (determined by dividing the aggregate consideration received by the Corporation in respect
of such issue by CP1); and</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<B>C</B>&rdquo;
shall mean the number of such additional shares of Common Stock issued in such transaction.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(B)&#9;&nbsp;&nbsp;&nbsp;No
adjustment of the applicable Conversion Price for each series of Preferred Stock shall be made in an amount less than one hundredth
of one cent per share. Except to the limited extent provided for in Article IV(C), Sections 4(d)(i)(E)(3) and 4(d)(i)(E)(4), no
adjustment of such Conversion Price pursuant to this Section 4(d)(i) shall have the effect of increasing the Conversion Price
above the applicable Conversion Price in effect immediately prior to such adjustment.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(C)&#9;&nbsp;&nbsp;&nbsp;In
the case of the issuance of shares of Common Stock for cash, the consideration shall be deemed to be the amount of cash paid therefor
before deducting any reasonable discounts, commissions or other expenses allowed, paid or incurred by this Corporation for any
underwriting or otherwise in connection with the issuance and sale thereof.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(D)&#9;&nbsp;&nbsp;&nbsp;In
the case of the issuance of shares of Common Stock for a consideration in whole or in part other than cash, the consideration
other than cash shall be deemed to be the fair value thereof as determined by the Board of Directors.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(E)&#9;&nbsp;&nbsp;&nbsp;In
the case of the issuance (whether before, on or after the applicable Purchase Date) of options, warrants or other rights to purchase
or subscribe for shares of Common Stock, securities by their terms convertible into or exchangeable for shares of Common Stock
or options, warrants or other rights to purchase or subscribe for such convertible or exchangeable securities, the following provisions
shall apply for all purposes of this Section 4(d)(i) and Article IV(C), Section 4(d)(ii):</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 8; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 2in"><FONT STYLE="font-size: 10pt">(1)&#9;&nbsp;&nbsp;&nbsp;The
aggregate maximum number of shares of Common Stock deliverable on exercise (assuming the satisfaction of any conditions to exercisability,
including, without limitation, the passage of time, but without taking into account potential antidilution adjustments) of such
options, warrants or other rights to purchase or subscribe for shares of Common Stock shall be deemed to have been issued at the
time such options, warrants or other rights were issued and for a consideration equal to the consideration (determined in the
manner provided in Article IV(C), Sections&nbsp;4(d)(i)(C) and 4(d)(i)(D)), if any, received by this Corporation on the issuance
of such options, warrants or other rights plus the minimum exercise price provided in such options, warrants or other rights (without
taking into account potential antidilution adjustments) for the Common Stock covered thereby.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 2in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 2in"><FONT STYLE="font-size: 10pt">(2)&#9;&nbsp;&nbsp;&nbsp;The
aggregate maximum number of shares of Common Stock deliverable on conversion of, or in exchange for (assuming the satisfaction
of any conditions to convertibility or exchangeability, including, without limitation, the passage of time, but without taking
into account potential antidilution adjustments), any such convertible or exchangeable securities or on the exercise of options,
warrants or other rights to purchase or subscribe for such convertible or exchangeable securities and subsequent conversion or
exchange thereof shall be deemed to have been issued at the time such securities were issued or such options, warrants or other
rights were issued and for a consideration equal to the consideration, if any, received by this Corporation for any such securities
and related options, warrants or other rights (excluding any cash received on account of accrued interest or accrued dividends),
plus the minimum additional consideration, if any, to be received by this Corporation (without taking into account potential antidilution
adjustments) on the conversion or exchange of such securities or the exercise in full of any related options, warrants or other
rights (the consideration in each case to be determined in the manner provided in Article IV(C), Sections 4(d)(i)(C) and 4(d)(i)(D)).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 2in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 2in"><FONT STYLE="font-size: 10pt">(3)&#9;&nbsp;&nbsp;&nbsp;In
the event of any change in the number of shares of Common Stock deliverable or in the consideration payable to this Corporation
on exercise of such options, warrants or other rights or on conversion of, or in exchange for, such convertible or exchangeable
securities, including, but not limited to, a change resulting from the antidilution provisions thereof, the applicable Conversion
Price of each series of Preferred Stock shall be recomputed to reflect any applicable change, but no further adjustment shall
be made for the actual issuance of Common Stock or any payment of such consideration on the exercise of any such options, warrants
or other rights or the conversion or exchange of such securities.</FONT></P>

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

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

<!-- Field: Page; Sequence: 9; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 2in"><FONT STYLE="font-size: 10pt">(4)&#9;&nbsp;&nbsp;&nbsp;On
the expiration of any such options, warrants or other rights, the termination of any such rights to convert or exchange or the
expiration of any options, warrants or other rights related to such convertible or exchangeable securities, the applicable Conversion
Price of each series of Preferred Stock, to the extent in any way affected by or computed using such options, warrants or other
rights or securities or options, warrants or other rights related to such securities, shall be recomputed to reflect the issuance
of only the number of shares of Common Stock (and convertible or exchangeable securities which remain in effect) actually issued
on the exercise of such options, warrants or other rights, on the conversion or exchange of such securities or on the exercise
of the options, warrants or other rights related to such securities.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 2in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 2in"><FONT STYLE="font-size: 10pt">(5)&#9;&nbsp;&nbsp;&nbsp;The
number of shares of Common Stock deemed issued and the consideration deemed paid therefor pursuant to Article IV(C), Sections
4(d)(i)(E)(1) and (2) shall be appropriately adjusted to reflect any change, termination or expiration of the type described in
either Article IV(C), Section 4(d)(i)(E)(3) or (4).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 3in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)&nbsp;&nbsp;&nbsp;&#9;&ldquo;<B>Additional
Stock</B>&rdquo; shall mean any shares of Common Stock issued (or deemed to have been issued pursuant to Article IV(C), Section&nbsp;4(d)(i)(E))
by this Corporation after the Purchase Date other than the Excluded Stock. &ldquo;<B>Excluded Stock</B>&rdquo; means the following:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 153pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.75in"><FONT STYLE="font-size: 10pt">(A)&#9;&nbsp;&nbsp;&nbsp;shares
of Common Stock issuable (1)&nbsp;on conversion of Preferred Stock, (2) pursuant to a transaction described in Section 4(d)(ii)
hereof, or (3) on exercise of warrants to purchase Common Stock issued to holders of Series B Preferred Stock prior to the date
hereof;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.75in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.75in"><FONT STYLE="font-size: 10pt">(B)&#9;&nbsp;&nbsp;&nbsp;shares
of Common Stock issued or issuable (1) in a public offering, before or in connection with which all outstanding shares of Preferred
Stock will be converted to Common Stock or (2)&nbsp;on exercise of warrants or rights granted to underwriters in connection with
such a public offering;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.75in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.75in"><FONT STYLE="font-size: 10pt">(C)&#9;&nbsp;&nbsp;&nbsp;shares
of Common Stock or other securities issued or issuable in connection with the acquisition by the Corporation of all or part of
another business entity by merger, purchase of assets or capital stock or other reorganization that in each case has been approved
by the Board of Directors;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.75in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.75in"><FONT STYLE="font-size: 10pt">(D)&#9;&nbsp;&nbsp;&nbsp;shares
of Common Stock or other securities issued or issuable (1) to financial institutions or lessors in connection with commercial
credit arrangements, leases, equipment financings or similar transactions, or (2) to any entity that creates strategic advantage
for the Corporation, in each case as approved by the Board of Directors of the Corporation; and</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 10; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.75in"><FONT STYLE="font-size: 10pt">(E)&#9;&nbsp;&nbsp;&nbsp;shares
of Common Stock, options, warrants and other rights to purchase capital stock approved by the Board of Directors and issued to
employees, consultants, advisors or directors of the Corporation directly or pursuant to a stock option plan, restricted stock
plan or other equity incentive plan approved by the Board of Directors of the Corporation.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iii)&nbsp;&nbsp;&#9;<U>Subdivisions,
Combinations, or Consolidations of Common Stock</U>. In the event the outstanding shares of Common Stock shall be subdivided,
combined or consolidated, by stock split, stock dividend, combination or like event, into a greater or lesser number of shares
of Common Stock after the Purchase Date, the applicable Conversion Price for each series of Preferred Stock in effect immediately
prior to such subdivision, combination, consolidation or stock dividend shall, concurrently with the effectiveness of such subdivision,
combination or consolidation, be proportionately adjusted.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 153pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)&nbsp;&nbsp;&nbsp;&#9;<U>Other
Distributions</U>. In the event the Corporation shall declare a distribution payable in securities of other persons, evidences
of indebtedness issued by the Corporation or other persons, assets (excluding cash dividends) or options or rights not referred
to in Article IV(C), Section 4(d)(ii), then, in each such case for the purpose of this Section 4(e), the holders of Preferred
Stock shall be entitled to a proportionate share of any such distribution as though they were the holders of the number of shares
of Common Stock of the Corporation into which their shares of Preferred Stock are convertible as of the record date fixed for
the determination of the holders of Common Stock of the Corporation entitled to receive such distribution.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)&nbsp;&nbsp;&nbsp;&#9;<U>Recapitalizations</U>.
If at any time or from time to time there shall be a recapitalization of the Common Stock (other than a subdivision, combination
or merger or sale of assets transaction provided for elsewhere in this Section 4 or Article IV(C), Section 2), provision shall
be made so that the holders of Preferred Stock shall thereafter be entitled to receive upon conversion of such Preferred Stock
the number of shares of stock or other securities or property of the Corporation or otherwise, to which a holder of Common Stock
deliverable upon conversion would have been entitled on such recapitalization. In any such case, appropriate adjustment shalt
be made in the application of the provisions of this Section 4 with respect to the rights of the holders of such Preferred Stock
after the recapitalization to the end that the provisions of this Section 4 (including adjustment of the Conversion Price then
in effect and the number of shares purchasable upon conversion of such Preferred Stock) shall be applicable after that event and
be as nearly equivalent as practicable.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1in"><FONT STYLE="font-size: 10pt">(g)&nbsp;&nbsp;&nbsp;&#9;<U>No
Impairment</U>. The Corporation will not, without (i) the consent of the holders of at least a majority of shares of the Preferred
Stock, voting together as a single class, and (ii) the consent of the holders of at least a two-thirds majority of the then outstanding
shares of the Series F Preferred Stock, voting as a separate class, by amendment of this Certificate of Incorporation or through
any reorganization, recapitalization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any
other voluntary action, alter, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed
hereunder by the Corporation, but will at all times in good faith assist in the carrying out of all the provisions of this Section
4 and in the taking of all such action as may be necessary or appropriate in order to protect the Conversion Rights of the holders
of Preferred Stock against impairment.</FONT></P>

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

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

<!-- Field: Page; Sequence: 11; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1in"><FONT STYLE="font-size: 10pt">(h)&nbsp;&nbsp;&nbsp;&#9;<U>No
Fractional Shares; Certificate as to Adjustments</U>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)&#9;&nbsp;&nbsp;&nbsp;No
fractional shares shall be issued on the conversion of any share or shares of Preferred Stock. All shares of Common Stock (including
fractions thereof) issuable upon conversion of more than one share of Preferred Stock by a holder thereof shall be aggregated
for purposes of determining whether the conversion would result in the issuance of any fractional share. If, after such aggregation,
the conversion would result in the issuance of any fractional share, the Corporation shall, in lieu of issuing any fractional
share, pay cash equal to the product of such fraction multiplied by the Common Stock&rsquo;s fair market value (as determined
by the Corporation&rsquo;s Board of Directors) on the date of conversion.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)&#9;&nbsp;&nbsp;On
the occurrence of each adjustment or readjustment of the applicable Conversion Price of each series of Preferred Stock pursuant
to this Section 4, the Corporation, at its expense, shall promptly compute such adjustment or readjustment in accordance with
the terms hereof and prepare and furnish to each holder of Preferred Stock a certificate setting forth such adjustment or readjustment
and showing in detail the facts on which such adjustment or readjustment is based. This Corporation shall, on the written request
at any time of any holder of Preferred Stock, furnish or cause to be furnished to such holder a like certificate setting forth
(A) such adjustment and readjustment, (B) the Conversion Price for such series of Preferred Stock at the time in effect, and (C)
the number of shares of Common Stock and the amount, if any, of other property which at the time would be received on the conversion
of a share of Preferred Stock.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 153pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1in"><FONT STYLE="font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&#9;<U>Record
Date; Notices</U>. In the event of any taking by this Corporation of a record of the holders of any class of securities for the
purpose of determining the holders thereof who are entitled to receive any dividend (other than a cash dividend) or other distribution,
any right to subscribe for, purchase or otherwise acquire any shares of stock of any class or any other securities or property,
or to receive any other right, this Corporation shall mail to each holder of Preferred Stock, at least ten (10) days prior to
the date on which any such record is to be taken for the purpose of such dividend, distribution or right (the &ldquo;<B>Record
Date</B>&rdquo;), a notice specifying the Record Date and the amount and character of such dividend, distribution or right.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 12; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1in"><FONT STYLE="font-size: 10pt">Any
notice required by the provisions of this Section 4 shall be in writing and shall be deemed effectively given: (i) upon personal
delivery t.o the party to be notified, (ii) when sent by confirmed facsimile if sent during normal business hours of the recipient,
if not, then on the next business day, (iii) five (5) days after having been sent by registered or certified mail, return receipt
requested, postage prepaid or (iv) one (1) day after deposit with a nationally recognized overnight courier, specifying next day
delivery, with written verification of receipt. All notices shall be addressed to the each holder of record at the address of
such holder appearing on the books of the Corporation.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1in"><FONT STYLE="font-size: 10pt">(j)&nbsp;&nbsp;&nbsp;&nbsp;&#9;<U>Reservation
of Stock Issuable Upon Conversion</U>. This Corporation shall at all times reserve and keep available out of its authorized but
unissued shares of Common Stock, solely, for the purpose of effecting the conversion of the shares of Preferred Stock, such number
of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of such
Preferred Stock; and, if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect
the conversion of all then outstanding shares of such Preferred Stock, in addition to such other remedies as shall be available
to the holder of such Preferred Stock, the Corporation will take such corporate action as may, in the opinion of its counsel,
be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for
such purpose.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">(5)&nbsp;&nbsp;&nbsp;&#9;<U>Voting
Rights</U>. Except as otherwise required by law, the holder of each share of Series A Preferred Stock, Series B Preferred Stock,
Series&nbsp;C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock and Series F Preferred Stock shall have the
right to one vote for each share of Common Stock into which such Preferred Stock could then be converted, and with respect to
such vote, such holder shall have full voting rights and powers equal to the voting rights and powers of the holders of Common
Stock, and shall be entitled, notwithstanding any provision hereof, to notice of any stockholders' meeting in accordance with
the Bylaws of the Corporation, and shall be entitled to vote, together with holders of Common Stock, with respect to any question
upon which holders of Common Stock have the right to vote. Fractional votes shall not, however, be permitted and any fractional
voting rights available on an as-converted basis (after aggregating all shares into which shares of Preferred Stock held by each
holder could be converted) shall be rounded down to the nearest whole number.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">(6)&nbsp;&nbsp;&nbsp;&#9;<U>Protective
Provisions</U>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&#9;&nbsp;&nbsp;&nbsp;&nbsp;Subject
to the rights of series of Preferred Stock which may from time to time come into existence, so long as at least fifty percent&nbsp;(50%)
of the originally issued shares of Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred
Stock or Series E Preferred Stock or ten (10%) of the originally issued shares of Series F Preferred Stock are outstanding, this
Corporation shall not without first obtaining the approval (by vote or written consent, as provided by law) of the holders of
at least a majority of the then outstanding shares of Preferred Stock, voting together as a single class:</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 13; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.75in"><FONT STYLE="font-size: 10pt">(i)&#9;&nbsp;&nbsp;&nbsp;&nbsp;amend
or repeal any provision of, or add any provision to, this Certificate of Incorporation or Bylaws to materially alter or change
the rights, preferences or privileges of Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series
D Preferred Stock, Series E Preferred Stock or Series F Preferred Stock so as to adversely affect such Preferred Stock or increase
or decrease the number of authorized shares of Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series
D Preferred Stock, Series E Preferred Stock or Series F Preferred Stock; or</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.75in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.75in"><FONT STYLE="font-size: 10pt">(ii)&#9;&nbsp;&nbsp;&nbsp;authorize
or issue, or obligate itself to issue, any other equity security, or shares or other securities convertible into or exchangeable
for Common Stock having a preference or being superior or having a priority over, Series A Preferred Stock, Series B Preferred
Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock or Series F Preferred Stock with respect to
voting, dividends, redemption or on liquidation, including any such security convertible into or exercisable for any equity security;
provided that equity securities or convertible securities issued in connection with a debt or equity financing may have rights
senior to Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred
Stock or Series F Preferred Stock if the holders of such Preferred Stock have been given the opportunity to approve an amendment
to the terms of such Preferred Stock that would give such Preferred Stock the same rights, preferences and privileges as the equity
securities or convertible securities issued in connection with such financing; or</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.75in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.75in"><FONT STYLE="font-size: 10pt">(iii)&#9;&nbsp;&nbsp;&nbsp;effect
a Corporate Sale, liquidation or dissolution of the Corporation.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1.75in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&#9;&nbsp;&nbsp;&nbsp;Notwithstanding
the foregoing, the consent of the holders of at least a two-thirds majority of the Series F Preferred Stock shall be required
for: (i) any action that adversely changes the rights, preferences or privileges of the Series F Preferred Stock, provided; that
for the avoidance of doubt the authorization or issuance of any other series or c1ass of capital stock ranking junior, pari passu
or senior to the Series F Preferred Stock with respect to one or more powers, preferences or special rights shall not, in and
of itself, be deemed to constitute an amendment, alteration or change of the powers, preferences or special rights of the Series
F Preferred Stock that adversely affects the Series F Preferred Stock; (ii) any action that creates or authorizes the creation
of additional shares of Series F Preferred Stock or increases the authorized number of shares of Series F Preferred Stock; (iii)
any action that reclassifies, alters or amends any existing security of the Corporation that is junior to or on parity with the
Series F Preferred Stock, if such reclassification, alteration or amendment would render such other security senior to or on parity
with the Series F Preferred Stock or (iv) any action that results in the purchase, redemption, payment or declaration of dividends,
or distribution on, any shares of capital stock other than the Series F Preferred Stock, other than repurchases of stock issued
to or held by directors, employees or consultants (x) upon termination of their employment or services, (y) in connection with
other repurchases from employees and consultants at the then deemed fair market value of the Common Stock, if approved by the
Board of Directors, or (z) in connection with the exercise by the Corporation of contractual rights of first refusal or first
offer pursuant to agreements providing for the right of said repurchase between the Corporation and such persons, provided the
terms of such repurchase shall have been approved by the Board of Directors.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 14; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">(7)&nbsp;&nbsp;&nbsp;&#9;<U>Status
of Converted Stock</U>. In the event any shares of Preferred Stock shall be converted pursuant to Section 4 hereof, such shares
so converted shall be cancelled, retired and eliminated from the shares that the Corporation shall be authorized to issue and
shall not be reissued by this Corporation. This Certificate of Incorporation shall be appropriately amended to effect the corresponding
reductions in this Corporation's authorized capital stock.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><BR>
<B>ARTICLE V.</B><BR>
<B>BYLAWS</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The Board
of Directors shall have the power to adopt, amend or repeal the bylaws of the Corporation (the &ldquo;<B>Bylaws</B>&rdquo;).</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The stockholders
may adopt, amend or repeal the Bylaws only with the affirmative vote of the holders of not less than 66 2/3% of the voting power
of all outstanding securities of the Corporation generally entitled to vote in the election of directors, voting together as a
single class.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><BR>
<B>ARTICLE VI. </B><BR>
<B>BOARD OF DIRECTORS</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(A)&#9;&nbsp;&nbsp;Power
of the Board of Directors</B>. The business and affairs of the Corporation shall be managed by or under the direction of a Board
of Directors.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(B)</B>&#9;<B>&nbsp;&nbsp;Number
of Directors.</B> The number of directors which shall constitute the Board of Directors shall, as of the date this Certificate
of Incorporation becomes effective, be five and, thereafter, shall be fixed exclusively by one or more resolutions adopted from
time to time solely by the affirmative vote of a majority of the Board of Directors.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 15; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(C)</B>&#9;<B>&nbsp;&nbsp;Election
of Directors</B>.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">&#9;(1)&#9;&nbsp;&nbsp;The
directors shall be divided into three classes, designated Class I, Class II and Class III. Each class shall consist, as nearly
as may be practicable, of one-third of the total number of directors constituting the entire Board of Directors. Each director
shall serve for a term ending on the date of the third annual meeting of stockholders next following the annual meeting at which
such director was elected; <I>provided</I> that directors initially designated as Class I directors shall serve for a term ending
on the date of the 2016 annual meeting, directors initially designated as Class II directors shall serve for a term ending on
the date of the 2017 annual meeting, and directors initially designated as Class III directors shall serve for a term ending on
the date of the 2018 annual meeting. Notwithstanding the foregoing, each director shall hold office until such director&rsquo;s
successor shall have been duly elected and qualified or until such director&rsquo;s earlier death, resignation or removal. In
the event of any change in the number of directors, the Board of Directors shall apportion any newly created directorships among,
or reduce the number of directorships in, such class or classes as shall equalize, as nearly as possible, the number of directors
in each class. In no event will a decrease in the number of directors shorten the term of any incumbent director.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">&#9;(2)&#9;&nbsp;&nbsp;The
Board of Directors may assign members of the Board of Directors already in office to the Classes described in Article VI(C)(1),
which assignments shall become effective at the same time this Amended and Restated Certificate of Incorporation becomes effective.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">&#9;(3)&#9;&nbsp;&nbsp;There
shall be no cumulative voting in the election of directors. Election of directors need not be by written ballot unless the Bylaws
so provide.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(D)&#9;&nbsp;&nbsp;Vacancies.
</B>Vacancies on the Board of Directors resulting from death, resignation, removal or otherwise and newly created directorships
resulting from any increase in the number of directors shall, except as otherwise required by law, be filled solely by a majority
of the directors then in office (although less than a quorum) or by the sole remaining director, and each director so elected
shall hold office for a term that shall coincide with the term of the Class to which such director shall have been elected.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(E)&#9;&nbsp;&nbsp;Removal.
</B>No director may be removed from office by the stockholders except for cause with the affirmative vote of the holders of not
less than a majority of the total voting power of all outstanding securities of the Corporation generally entitled to vote in
the election of directors, voting together as a single class.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 16; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><BR>
<B>ARTICLE VII.</B><BR>
<B>MEETINGS OF STOCKHOLDERS</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(A) &#9;&nbsp;&nbsp;Annual
Meetings. </B> An annual meeting of stockholders for the election of directors to succeed those whose terms expire and for the
transaction of such other business as may properly come before the meeting shall be held at such place, on such date, and at such
time as the Board of Directors shall determine.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(B)&#9;&nbsp;&nbsp;Special
Meetings.</B> Special meetings of the stockholders may be called only by the Board of Directors acting pursuant to a resolution
adopted by a majority of the Board of Directors.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(C)&#9;&nbsp;&nbsp;No
Action by Written Consent.</B> Subject to the rights of the holders of any class or series of Preferred Stock then outstanding,
as may be set forth in Article IV(C) or in the resolution or resolutions adopted by the Board of Directors pursuant to Article
IV(A)(2) hereto for such class or series of Preferred Stock, any action required or permitted to be taken at any annual or special
meeting of stockholders may be taken only upon the vote of stockholders at an annual or special meeting duly noticed and called
in accordance with Delaware Law, as amended from time to time, and this Article VII and may not be taken by written consent of
stockholders without a meeting.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><BR>
<B>ARTICLE VIII.</B><BR>
<B>INDEMNIFICATION</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(A)&#9;&nbsp;&nbsp;Limited
Liability. </B> A director of the Corporation shall not be liable to the Corporation or its stockholders for monetary damages
for breach of fiduciary duty as a director to the fullest extent permitted by Delaware Law.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(B)&#9;&nbsp;&nbsp;Right
to Indemnification.</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">&#9;(1)&#9;&nbsp;&nbsp;&nbsp;Each
person (and the heirs, executors or administrators of such person) who was or is a party or is threatened to be made a party to,
or is involved in any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or
investigative, by reason of the fact that such person is or was a director or officer 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, shall be indemnified and held harmless by the Corporation to the fullest extent permitted by Delaware Law. The right
to indemnification conferred in this Article VIII shall also include the right to be paid by the Corporation the expenses incurred
in connection with any such proceeding in advance of its final disposition to the fullest extent authorized by Delaware Law. The
right to indemnification conferred in this Article VIII shall be a contract right.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">&#9;(2)&#9;&nbsp;&nbsp;&nbsp;The
Corporation may, by action of its Board of Directors, provide indemnification to such of the employees and agents of the Corporation
to such extent and to such effect as the Board of Directors shall determine to be appropriate and authorized by Delaware Law.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 17; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(C)&#9;&nbsp;&nbsp;Insurance.
</B>The Corporation shall have power to purchase and maintain insurance on behalf of any person who is or was a director, officer,
employee or agent of the Corporation, or is or was serving at the request of the Corporation as a director, officer, employee
or agent of another corporation, partnership, joint venture, trust or other enterprise against any expense, liability or loss
incurred by such person in any such capacity or arising out of such person&rsquo;s status as such, whether or not the Corporation
would have the power to indemnify such person against such liability under Delaware Law.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(D)&#9;&nbsp;&nbsp;Nonexclusivity
of Rights.</B> The rights and authority conferred in this Article VIII shall not be exclusive of any other right that any person
may otherwise have or hereafter acquire.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(E)&#9;&nbsp;&nbsp;Preservation
of Rights.</B> Neither the amendment nor repeal of this Article VIII, nor the adoption of any provision of this Certificate of
Incorporation or the Bylaws, nor, to the fullest extent permitted by Delaware Law, any modification of law, shall adversely affect
any right or protection of any person granted pursuant hereto existing at, or arising out of or related to any event, act or omission
that occurred prior to, the time of such amendment, repeal, adoption or modification (regardless of when any proceeding (or part
thereof) relating to such event, act or omission arises or is first threatened, commenced or completed).</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><BR>
<B>ARTICLE IX.</B><BR>
<B>AMENDMENTS</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The Corporation
reserves the right to amend this Certificate of Incorporation in any manner permitted by Delaware Law and all rights and powers
conferred upon stockholders, directors and officers herein are granted subject to this reservation. Notwithstanding the foregoing,
the provisions set forth in Articles IV(B), V, VI, VII and this Article IX may not be repealed or amended in any respect, and
no other provision may be adopted, amended or repealed which would have the effect of modifying or permitting the circumvention
of the provisions set forth in any of Articles IV(B), V, VI, VII or this Article IX, unless such action is approved by the affirmative
vote of the holders of not less than 66 <SUP>2/3</SUP>% of the total voting power of all outstanding securities of the Corporation
generally entitled to vote in the election of directors, voting together as a single class.</FONT></P>

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


<!-- Field: Page; Sequence: 18; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>IN WITNESS
WHEREOF</B>, the undersigned has executed this Amended and Restated Certificate of Incorporation as of the date set forth below
and certifies under penalty of perjury that he has read the foregoing Amended and Restated Certificate of Incorporation and knows
the contents thereof and that the statements therein are true.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Executed
at Alameda, California on September 23, 2015.</FONT></P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="RIGHT" STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; font-size: 12pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">/s/
    Robert D. Evans&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Robert D. Evans</FONT></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Executive Vice President,
General Counsel and Secretary</FONT></P></TD></TR>
</TABLE><BR STYLE="clear: both">


<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 19; Options: Last -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3.2
<SEQUENCE>3
<FILENAME>dp60021_ex0302.htm
<DESCRIPTION>EXHIBIT 3.2
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>Exhibit
3.2</B></FONT></P>

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



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

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>CERTIFICATE
OF RETIREMENT</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>OF</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>SERIES
A PREFERRED STOCK</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>SERIES
B PREFERRED STOCK</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>SERIES
C PREFERRED STOCK</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>SERIES
D PREFERRED STOCK</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>SERIES
E PREFERRED STOCK</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>AND</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>SERIES
F PREFERRED STOCK</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>OF</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>PENUMBRA,
INC.</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">Pursuant
to Section 243(b)<BR>
of the General Corporation Law<BR>
of the State of Delaware</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Penumbra,
Inc., a corporation organized and existing under the laws of the State of Delaware (the &ldquo;<B>Corporation</B>&rdquo;), HEREBY
CERTIFIES as follows:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.&#9;All
authorized and outstanding shares of Series A Preferred Stock, par value $0.001 per share, (the &ldquo;<B>Series A Preferred Stock</B>&rdquo;),
Series B Preferred Stock, par value $0.001 per share, (the &ldquo;<B>Series B Preferred Stock</B>&rdquo;), Series C Preferred
Stock, par value $0.001 per share, (the &ldquo;<B>Series C Preferred Stock</B>&rdquo;), Series D Preferred Stock, par value $0.001
per share, (the &ldquo;<B>Series D Preferred Stock</B>&rdquo;), Series E Preferred Stock, par value $0.001 per share, (the &ldquo;<B>Series
E Preferred Stock</B>&rdquo;) and Series F Preferred Stock, par value $0.001 per share, (the &ldquo;<B>Series F Preferred Stock</B>&rdquo;,
and, together with the Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock
and Series E Preferred Stock, the &ldquo;<B>Designated Preferred Stock</B>&rdquo;) of the Corporation have been converted into
shares of Common Stock, par value $0.001 per share, of the Corporation (&ldquo;<B>Common Stock</B>&rdquo;).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">2.&#9;The
Board of Directors of the Corporation has adopted resolutions retiring all previously outstanding shares of the Series A Preferred
Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock and Series F Preferred
Stock immediately upon their conversion into shares of Common Stock.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">3.&#9;The
Certificate of Incorporation of the Corporation provides that any shares of Designated Preferred Stock converted into Common Stock
shall be cancelled, retired and eliminated from the shares that the Corporation shall be authorized to issue and shall not be
reissued by the Corporation.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">4.&#9;Accordingly,
pursuant to the provisions of Section 243(b) of the General Corporation Law of the State of Delaware, upon the effective date
of the filing of this Certificate of Retirement, the Certificate of Incorporation of the Corporation shall be amended so as to
(I) reduce the total authorized number of shares of the capital stock of the Corporation by 19,510,410 shares, such that the total
number of authorized shares of the Corporation shall be 305,000,000, such shares consisting of (a) 300,000,000 shares of Common
Stock, par value $0.001 per share and (b) 5,000,000 shares of Preferred Stock, par value $0.001 per share, all of which are Undesignated
Preferred Stock and (II) eliminate from the Certificate of Incorporation of the Corporation all references to the Designated Preferred
Stock.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 1; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">IN WITNESS
WHEREOF, the Corporation has caused this Certificate of Retirement to be signed by its duly authorized officer, this 23rd day
of September, 2015.</FONT></P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="RIGHT" STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; font-size: 12pt"><FONT STYLE="font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">/s/ Robert D. Evans&nbsp;</FONT> &nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Robert D. Evans</FONT></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Executive Vice President,
General Counsel and Secretary</FONT></P></TD></TR>
</TABLE><BR STYLE="clear: both">


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

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

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

<!-- Field: Page; Sequence: 2; Options: Last -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3.3
<SEQUENCE>4
<FILENAME>dp60021_ex0303.htm
<DESCRIPTION>EXHIBIT 3.3
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>Exhibit
3.3</B></FONT></P>

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



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

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

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

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

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">CERTIFICATE
OF INCORPORATION<BR>
<BR>
OF<BR>
<BR>
PENUMBRA, INC.<BR>
<BR></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; font-weight: normal">The
undersigned, Robert D. Evans, does hereby verify that:</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; font-weight: normal">ONE:&#9;He
is the duly elected and acting Executive Vice President, General Counsel and Secretary of Penumbra, Inc., a corporation organized
and existing under the laws of the State of Delaware. </FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; font-weight: normal">TWO:&#9;The
original Certificate of Incorporation of the Corporation was filed with the Secretary of State of the State of Delaware on June
21, 2004, was amended and restated on July 20, 2004, December 16, 2004, March 8, 2006, March 23, 2007, March 6, 2008, May 16,
2014 and September 23, 2015 and was amended on September 23, 2015.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">THREE:&#9;This
Restated Certificate of Incorporation (the &ldquo;<B>Certificate of Incorporation</B>&rdquo;) only restates and integrates and
does not further amend the provisions of the Amended and Restated Certificate of Incorporation that was filed with the Secretary
of State of the State of Delaware on September 23, 2015, as amended by the Certificate of Retirement that was filed with the Secretary
of State of the State of Delaware on September 23, 2015 (together, the &ldquo;<B>Amended Certificate</B>&rdquo;) and was duly
adopted by the Corporation&rsquo;s Board of Directors (the &ldquo;<B>Board of Directors</B>&rdquo;) in accordance with the provisions
of Section 245 of the General Corporation Law of the State of Delaware. There is no discrepancy between the provisions of the
Amended Certificate and the provisions of this Certificate of Incorporation.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">FOUR:&#9;The
text of the Amended Certificate is hereby integrated and restated in its entirety to read as follows:</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><BR>
<B>ARTICLE I.</B><BR>
<B>NAME</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
name of the corporation is Penumbra, Inc. (the &ldquo;<B>Corporation</B>&rdquo;).</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 1; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><BR>
<FONT STYLE="font-size: 10pt"><B>ARTICLE II.</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>REGISTERED OFFICE AND AGENT</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The address
of its registered office in the State of Delaware is 3500 South DuPont Highway, Dover, Kent County, Delaware 19901. The name of
its registered agent at such address is Incorporating Services, Ltd.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><BR>
<B>ARTICLE III.</B><BR>
<B>PURPOSE AND POWERS</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The purpose
of the Corporation is to engage in any lawful act or activity for which corporations may be organized under the General Corporation
Law of the State of Delaware as the same exists or may hereafter be amended (&ldquo;<B>Delaware Law</B>&rdquo;).</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><BR>
<B>ARTICLE IV</B><BR>
<B>CAPITAL STOCK</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(A)&#9;&nbsp;&nbsp;&nbsp;Authorized
Shares</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">&#9;1.&#9;&nbsp;&nbsp;&nbsp;<B>Classes
of Stock.</B> The total number of shares of stock that the Corporation shall have authority to issue is 305,000,000 shares consisting
of 300,000,000 shares of Common Stock, par value $0.001 per share (the &ldquo;<B>Common Stock</B>&rdquo;), and 5,000,000 shares
of Preferred Stock, par value $0.001 per share (the &ldquo;<B>Preferred Stock</B>&rdquo;).</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The powers,
preferences and rights of, and the qualifications, limitations and restrictions upon, each class or series of stock shall be determined
in accordance with, or as set forth below in, this Article IV.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">&#9;2.&#9;<B>&nbsp;&nbsp;&nbsp;Preferred
Stock.</B> The Board of Directors is hereby empowered, without any action or vote by the Corporation&rsquo;s stockholders (except
as may otherwise be provided by the terms of any class or series of Preferred Stock then outstanding), to authorize by resolution
or resolutions from time to time the issuance of one or more classes or series of Preferred Stock and to fix the designations,
powers, preferences and relative, participating, optional or other rights, if any, and the qualifications, limitations or restrictions
thereof, if any, with respect to each such class or series thereof and the number of shares constituting each such class or series,
and to increase or decrease the number of shares of any such class or series to the extent permitted by Delaware Law.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(B)&#9;&nbsp;&nbsp;&nbsp;Common
Stock.</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Each holder
of Common Stock, as such, shall be entitled to one vote for each share of Common Stock held of record by such holder on all matters
on which stockholders generally are entitled to vote; <I>provided, however,</I> that, except as otherwise required by law, holders
of Common Stock, as such, shall not be entitled to vote on any amendment to this Certificate of Incorporation (including any certificate
of designations relating to any class or series of Preferred Stock) that relates solely to the terms of one or more outstanding
classes or series of Preferred Stock if the holders of such affected class or series are entitled, either separately or together
with the holders of one or more other such classes or series, to vote thereon pursuant to this Certificate of Incorporation (including
any certificate of designations relating to any class or series of Preferred Stock) or pursuant to Delaware Law.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><BR>
<B>ARTICLE V.</B><BR>
<B>BYLAWS</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The Board
of Directors shall have the power to adopt, amend or repeal the bylaws of the Corporation (the &ldquo;<B>Bylaws</B>&rdquo;).</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The stockholders
may adopt, amend or repeal the Bylaws only with the affirmative vote of the holders of not less than 66 2/3% of the voting power
of all outstanding securities of the Corporation generally entitled to vote in the election of directors, voting together as a
single class.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><BR>
<B>ARTICLE VI. </B><BR>
<B>BOARD OF DIRECTORS</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(A)&#9;&nbsp;&nbsp;&nbsp;Power
of the Board of Directors</B>. The business and affairs of the Corporation shall be managed by or under the direction of a Board
of Directors.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(B)</B>&#9;<B>&nbsp;&nbsp;&nbsp;Number
of Directors.</B> The number of directors which shall constitute the Board of Directors shall, as of the date this Certificate
of Incorporation becomes effective, be five and, thereafter, shall be fixed exclusively by one or more resolutions adopted from
time to time solely by the affirmative vote of a majority of the Board of Directors.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(C)</B>&#9;<B>&nbsp;&nbsp;&nbsp;Election
of Directors</B>.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">(1)&#9;&nbsp;&nbsp;&nbsp;The
directors shall be divided into three classes, designated Class I, Class II and Class III. Each class shall consist, as nearly
as may be practicable, of one-third of the total number of directors constituting the entire Board of Directors. Each director
shall serve for a term ending on the date of the third annual meeting of stockholders next following the annual meeting at which
such director was elected; <I>provided</I> that directors initially designated as Class I directors shall serve for a term ending
on the date of the 2016 annual meeting, directors initially designated as Class II directors shall serve for a term ending on
the date of the 2017 annual meeting, and directors initially designated as Class III directors shall serve for a term ending on
the date of the 2018 annual meeting. Notwithstanding the foregoing, each director shall hold office until such director&rsquo;s
successor shall have been duly elected and qualified or until such director&rsquo;s earlier death, resignation or removal. In
the event of any change in the number of directors, the Board of Directors shall apportion any newly created directorships among,
or reduce the number of directorships in, such class or classes as shall equalize, as nearly as possible, the number of directors
in each class. In no event will a decrease in the number of directors shorten the term of any incumbent director.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 3; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">&#9;(2)&#9;&nbsp;&nbsp;&nbsp;The
Board of Directors may assign members of the Board of Directors already in office to the Classes described in Article VI(C)(1),
which assignments shall become effective at the same time this Amended and Restated Certificate of Incorporation becomes effective.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">&#9;(3)&#9;&nbsp;&nbsp;&nbsp;There
shall be no cumulative voting in the election of directors. Election of directors need not be by written ballot unless the Bylaws
so provide.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(D)&#9;&nbsp;&nbsp;&nbsp;Vacancies.
</B>Vacancies on the Board of Directors resulting from death, resignation, removal or otherwise and newly created directorships
resulting from any increase in the number of directors shall, except as otherwise required by law, be filled solely by a majority
of the directors then in office (although less than a quorum) or by the sole remaining director, and each director so elected
shall hold office for a term that shall coincide with the term of the Class to which such director shall have been elected.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(E)&#9;&nbsp;&nbsp;&nbsp;Removal.
</B>No director may be removed from office by the stockholders except for cause with the affirmative vote of the holders of not
less than a majority of the total voting power of all outstanding securities of the Corporation generally entitled to vote in
the election of directors, voting together as a single class.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><BR>
<B>ARTICLE VII.</B><BR>
<B>MEETINGS OF STOCKHOLDERS</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(A) &#9;&nbsp;&nbsp;Annual
Meetings. </B> An annual meeting of stockholders for the election of directors to succeed those whose terms expire and for the
transaction of such other business as may properly come before the meeting shall be held at such place, on such date, and at such
time as the Board of Directors shall determine.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(B)&#9;&nbsp;&nbsp;&nbsp;Special
Meetings.</B> Special meetings of the stockholders may be called only by the Board of Directors acting pursuant to a resolution
adopted by a majority of the Board of Directors.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(C)&#9;&nbsp;&nbsp;&nbsp;No
Action by Written Consent.</B> Subject to the rights of the holders of any class or series of Preferred Stock then outstanding,
as may be set forth in the resolution or resolutions adopted by the Board of Directors pursuant to Article IV(A)(2) hereto for
such class or series of Preferred Stock, any action required or permitted to be taken at any annual or special meeting of stockholders
may be taken only upon the vote of stockholders at an annual or special meeting duly noticed and called in accordance with Delaware
Law, as amended from time to time, and this Article VII and may not be taken by written consent of stockholders without a meeting.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 4; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><BR>
<B>ARTICLE VIII.</B><BR>
<B>INDEMNIFICATION</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(A)&#9;&nbsp;&nbsp;&nbsp;Limited
Liability. </B> A director of the Corporation shall not be liable to the Corporation or its stockholders for monetary damages
for breach of fiduciary duty as a director to the fullest extent permitted by Delaware Law.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(B)&#9;&nbsp;&nbsp;&nbsp;Right
to Indemnification.</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">&#9;(1)&#9;&nbsp;&nbsp;&nbsp;Each
person (and the heirs, executors or administrators of such person) who was or is a party or is threatened to be made a party to,
or is involved in any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or
investigative, by reason of the fact that such person is or was a director or officer 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, shall be indemnified and held harmless by the Corporation to the fullest extent permitted by Delaware Law. The right
to indemnification conferred in this Article VIII shall also include the right to be paid by the Corporation the expenses incurred
in connection with any such proceeding in advance of its final disposition to the fullest extent authorized by Delaware Law. The
right to indemnification conferred in this Article VIII shall be a contract right.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.75in"><FONT STYLE="font-size: 10pt">&#9;(2)&#9;&nbsp;&nbsp;&nbsp;The
Corporation may, by action of its Board of Directors, provide indemnification to such of the employees and agents of the Corporation
to such extent and to such effect as the Board of Directors shall determine to be appropriate and authorized by Delaware Law.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(C)&#9;&nbsp;&nbsp;&nbsp;Insurance.
</B>The Corporation shall have power to purchase and maintain insurance on behalf of any person who is or was a director, officer,
employee or agent of the Corporation, or is or was serving at the request of the Corporation as a director, officer, employee
or agent of another corporation, partnership, joint venture, trust or other enterprise against any expense, liability or loss
incurred by such person in any such capacity or arising out of such person&rsquo;s status as such, whether or not the Corporation
would have the power to indemnify such person against such liability under Delaware Law.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 5; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(D)&#9;&nbsp;&nbsp;&nbsp;Nonexclusivity
of Rights.</B> The rights and authority conferred in this Article VIII shall not be exclusive of any other right that any person
may otherwise have or hereafter acquire.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>(E)&#9;&nbsp;&nbsp;&nbsp;Preservation
of Rights.</B> Neither the amendment nor repeal of this Article VIII, nor the adoption of any provision of this Certificate of
Incorporation or the Bylaws, nor, to the fullest extent permitted by Delaware Law, any modification of law, shall adversely affect
any right or protection of any person granted pursuant hereto existing at, or arising out of or related to any event, act or omission
that occurred prior to, the time of such amendment, repeal, adoption or modification (regardless of when any proceeding (or part
thereof) relating to such event, act or omission arises or is first threatened, commenced or completed).</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><BR>
<B>ARTICLE IX.</B><BR>
<B>AMENDMENTS</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The Corporation
reserves the right to amend this Certificate of Incorporation in any manner permitted by Delaware Law and all rights and powers
conferred upon stockholders, directors and officers herein are granted subject to this reservation. Notwithstanding the foregoing,
the provisions set forth in Articles IV(B), V, VI, VII and this Article IX may not be repealed or amended in any respect, and
no other provision may be adopted, amended or repealed which would have the effect of modifying or permitting the circumvention
of the provisions set forth in any of Articles IV(B), V, VI, VII or this Article IX, unless such action is approved by the affirmative
vote of the holders of not less than 66<SUP>2/3</SUP>% of the total voting power of all outstanding securities of the Corporation
generally entitled to vote in the election of directors, voting together as a single class.</FONT></P>

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


<!-- Field: Page; Sequence: 6; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>IN WITNESS
WHEREOF</B>, the undersigned has executed this Restated Certificate of Incorporation as of the date set forth below and certifies
under penalty of perjury that he has read the foregoing Certificate of Incorporation and knows the contents thereof and that the
statements therein are true.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Executed
at Alameda, California on September 23, 2015.</FONT></P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="RIGHT" STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; font-size: 12pt"><FONT STYLE="font-size: 10pt">/s/ Robert D. Evans</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Robert D. Evans</FONT></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Executive Vice President,
        General Counsel and Secretary</FONT></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P></TD></TR>
</TABLE><BR STYLE="clear: both">


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

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

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

<!-- Field: Page; Sequence: 7; Options: Last -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3.4
<SEQUENCE>5
<FILENAME>dp60021_ex0304.htm
<DESCRIPTION>EXHIBIT 3.4
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>Exhibit
3.4</B></FONT></P>

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



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

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

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

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

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">BYLAWS<BR>
<BR>
OF<BR>
<BR>
PENUMBRA, INC.<BR>
<BR>
<SUP>* * * * *</SUP></FONT></P>

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

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

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 1.01<I>.
Registered Office. </I>The registered office of the Corporation shall be in the City of Dover, County of Kent, State of Delaware.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 1.02<I>.
Other Offices. </I>The Corporation may also have offices at such other places both within and without the State of Delaware as
the Board of Directors may from time to time determine or the business of the Corporation may require.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 1.03<I>.
Books. </I>The books of the Corporation may be kept within or without the State of Delaware as the Board of Directors may from
time to time determine or the business of the Corporation may require.</FONT></P>

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

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-variant: normal; text-transform: uppercase">Article
2</FONT><FONT STYLE="font-size: 10pt"><BR>
<FONT STYLE="font-variant: normal; text-transform: uppercase">Meetings of Stockholders</FONT></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.01<I>.
Time and Place of Meetings. </I>All meetings of stockholders shall be held at such place, either within or without the State of
Delaware, on such date and at such time as may be determined from time to time by the Board of Directors (or the Chairman of the
Board of Directors in the absence of a designation by the Board of Directors).</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.02<I>.
Annual Meetings. </I>An annual meeting of stockholders, commencing with the year 2016, shall be held for the election of directors
and to transact such other business as may properly be brought before the meeting.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 1; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.03<I>.
Special Meetings. </I>Special meetings of the stockholders may be called only by the Board of Directors acting pursuant to a resolution
adopted by a majority of the Board of Directors.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.04<I>.
Notice of Meetings and Adjourned Meetings; Waivers of Notice. </I>(a)<I> </I> Whenever stockholders are required or permitted
to take any action at a meeting, a written notice of the meeting shall be given which 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 and vote at such meeting, and, in the case of a special meeting, the purpose or purposes for which the meeting is called.
Unless otherwise provided by the General Corporation Law of the State of Delaware as the same exists or may hereafter be amended
from time to time (&ldquo;<B>Delaware Law</B>&rdquo;), such notice shall be given not fewer than 10 nor more than 60 days before
the date of the meeting to each stockholder of record entitled to vote at such meeting. The Board of Directors or the chairman
of the meeting may adjourn the meeting to another time or place (whether or not a quorum is present), and notice need not be given
of the adjourned meeting if the time, place, if any, and the means of remote communications, if any, by which stockholders and
proxy holders may be deemed to be present in person and vote at such meeting, are announced at the meeting at which such adjournment
is made. At the adjourned meeting, the Corporation may transact any business that might have been transacted at the original meeting.
If the adjournment is for more than 30 days, or after the adjournment a new record date is fixed for the adjourned meeting, a
notice of the adjourned meeting shall be given to each stockholder of record entitled to vote at the meeting.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)&#9;&nbsp;&nbsp;&nbsp;A
written waiver of any such notice signed by the person entitled thereto, or a waiver by electronic transmission by the person
entitled to notice, whether before or after the time stated therein, shall be deemed equivalent to notice. Attendance of a person
at a meeting shall constitute a waiver of notice of such meeting, except when the person attends the 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. Business transacted at any special meeting of stockholders shall be limited to the purposes stated in the notice.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.05<I>.
Quorum. </I>Unless otherwise provided in the Certificate of Incorporation or these Bylaws and subject to Delaware Law, the presence,
in person or by proxy, of the holders of a majority of the total voting power of all outstanding securities of the Corporation
generally entitled to vote at a meeting of stockholders shall constitute a quorum for the transaction of business. If, however,
such quorum shall not be present or represented at any meeting of the stockholders, the chairman of the meeting or a majority
in voting interest of the stockholders present in person or represented by proxy may adjourn the meeting, without notice other
than announcement at the meeting, until a quorum shall be present or represented. At such adjourned meeting at which a quorum
shall be present or represented any business may be transacted that might have been transacted at the meeting as originally notified.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.06<I>.
Voting. </I>(a)<I> </I> Unless otherwise provided in the Certificate of Incorporation and subject to Delaware Law, each
stockholder shall be entitled to one vote for each outstanding share of capital stock of the Corporation held by such stockholder.
Any share of capital stock of the Corporation held by the Corporation shall have no voting rights. Except as otherwise required
by law, the Certificate of Incorporation or these Bylaws, in all matters other than the election of directors, the affirmative
vote of the holders of a majority of the votes cast at the meeting on the subject matter shall be the act of the stockholders.
Abstentions and broker non-votes shall not be counted as votes cast. Subject to the rights of the holders of any class or series
of preferred stock to elect additional directors under specific circumstances, as may be set forth in the certificate of designations
for such class or series of preferred stock, directors shall be elected by a plurality of the votes of the shares of capital stock
of the Corporation present in person or represented by proxy at the meeting and entitled to vote on the election of directors.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)&#9;&nbsp;&nbsp;&nbsp;Each
stockholder entitled to vote at a meeting of stockholders or to express consent or dissent to a corporate action in writing without
a meeting may authorize another person or persons to act for such stockholder by proxy, appointed by an instrument in writing,
subscribed by such stockholder or by his attorney thereunto authorized, or by proxy sent by cable, telegram or by any means of
electronic communication permitted by law, which results in a writing from such stockholder or by his attorney, and delivered
to the secretary of the meeting. No proxy shall be voted after three (3) years from its date, unless said proxy provides for a
longer period.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.07<I>.
Action by Consent. </I> Subject to the rights of the holders of any class or series of preferred stock then outstanding, as may
be set forth in the certificate of designations for such class or series of preferred stock, any action required or permitted
to be taken at any annual or special meeting of stockholders may be taken only upon the vote of stockholders at an annual or special
meeting duly noticed and called in accordance with Delaware Law and may not be taken by written consent of stockholders without
a meeting.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.08<I>.
Organization. </I>At each meeting of stockholders, the Chairman of the Board of Directors, if one shall have been elected, or
in the Chairman&rsquo;s absence or if one shall not have been elected, the director designated by the vote of the majority of
the directors present at such meeting, shall act as chairman of the meeting. The Secretary (or in the Secretary&rsquo;s absence
or inability to act, the person whom the chairman of the meeting shall appoint secretary of the meeting) shall act as secretary
of the meeting and keep the minutes thereof.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.09<I>.
Order of Business. </I>The order of business at all meetings of stockholders shall be as determined by the chairman of the meeting.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 3; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.10.
<I>Nomination of Directors and Proposal of Other Business.</I></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Annual Meetings of Stockholders</I>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.9in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Nominations of persons for election to the Board of Directors or the proposal of other business to be transacted by the
stockholders at an annual meeting of stockholders may be made only (A) pursuant to the Corporation&rsquo;s notice of meeting (or
any supplement thereto), (B) by or at the direction of the Board of Directors or any committee thereof, (C) as may be provided
in the certificate of designations for any class or series of preferred stock or (D) by any stockholder of the Corporation who
is a stockholder of record at the time of giving of notice provided for in paragraph (ii) of this &lrm;Section 2.10(a) and at
the time of the annual meeting, who shall be entitled to vote at the meeting and who complies with the procedures set forth in
this &lrm;Section 2.10(a), and, except as otherwise required by law, any failure to comply with these procedures shall result
in the nullification of such nomination or proposal.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>For nominations or other business to be properly brought before an annual meeting of stockholders by a stockholder pursuant
to clause (D) of paragraph of this &lrm;Section 2.10(a), the stockholder must have given timely notice thereof in writing to the
Secretary of the Corporation and any such proposed business (other than the nominations of persons for election to the Board of
Directors) must constitute a proper matter for stockholder action. To be timely, a stockholder&rsquo;s notice shall be delivered
to, or mailed and received by, the Secretary of the Corporation at the principal executive offices of the Corporation not fewer
than 120 days nor more than 150 days prior to the first anniversary of the preceding year&rsquo;s annual meeting of stockholders;
<I>provided, however</I>, that in the event that the date of the annual meeting is advanced more than 30 days prior to such anniversary
date or delayed more than 70 days after such anniversary date then to be timely such notice must be received by the Corporation
no earlier than 120 days prior to such annual meeting and no later than the later of 70 days prior to the date of the meeting
or the 10<SUP>th</SUP> day following the day on which public announcement of the date of the meeting was first made by the Corporation.
In no event shall the adjournment or postponement of any meeting, or any announcement thereof, commence a new time period (or
extend any time period) for the giving of a stockholder&rsquo;s notice as described above.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>A stockholder&rsquo;s notice to the Secretary shall set forth (A) as to each person whom the stockholder proposes to nominate
for election or reelection as a director: (1) all information relating to such person that is required to be disclosed in solicitations
of proxies for election of directors, or is otherwise required, in each case pursuant to Regulation 14A under</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 4; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in; text-indent: 0in"><FONT STYLE="font-size: 10pt">the
Securities Exchange Act of 1934 (as amended (together with the rules and regulations promulgated thereunder), the &ldquo;<B>Exchange
Act</B>&rdquo;)) including such person&rsquo;s written consent to being named in the proxy statement as a nominee and to serving
as a director if elected; and (2) a reasonably detailed description of any compensatory, payment or other financial agreement,
arrangement or understanding that such person has with any other person or entity other than the Corporation including the amount
of any payment or payments received or receivable thereunder, in each case in connection with candidacy or service as a director
of the Corporation (a &ldquo;<B>Third-Party Compensation Arrangement</B>&rdquo;), (B) as to any other business that the stockholder
proposes to bring before the meeting, a brief description of the business desired to be brought before the meeting, the text of
the proposal or business (including the text of any resolutions proposed for consideration and in the event that such business
includes a proposal to amend these Bylaws, the text of the proposed amendment), the reasons for conducting such business and any
material interest in such business of such stockholder and the beneficial owner, if any, on whose behalf the proposal is made
and (C) as to the stockholder giving the notice and the beneficial owner, if any, on whose behalf the proposal is made:</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the name and address of such stockholder (as they appear on the Corporation&rsquo;s books) and any such beneficial owner;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">(2)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>for each class or series, the number of shares of capital stock of the Corporation that are held of record or are beneficially
owned by such stockholder and by any such beneficial owner;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">(3)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>a description of any agreement, arrangement or understanding between or among such stockholder and any such beneficial
owner, any of their respective affiliates or associates, and any other person or persons (including their names) in connection
with the proposal of such nomination or other business;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">(4)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>a description of any agreement, arrangement or understanding (including, regardless of the form of settlement, any derivative,
long or short positions, profit interests, forwards, futures, swaps, options, warrants, convertible securities, stock appreciation
or similar rights, hedging transactions and borrowed or loaned shares) that has been entered into by or on behalf of, or any other
agreement, arrangement or understanding that has been made, the effect or intent of which is to create or mitigate loss to, manage
risk or benefit of share price changes for, or increase or decrease the voting power of, such stockholder or any such beneficial
owner or any such nominee with respect to the Corporation&rsquo;s securities;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 5; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">(5)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>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 to bring such nomination or other business before the meeting;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">(6)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>a representation as to whether such stockholder or any such beneficial owner intends or is part of a group that intends
to (i) deliver a proxy statement and/or form of proxy to holders of at least the percentage of the voting power of the Corporation&rsquo;s
outstanding capital stock required to approve or adopt the proposal or to elect each such nominee and/or (ii) otherwise to solicit
proxies from stockholders in support of such proposal or nomination;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">(7)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>any other information relating to such stockholder, beneficial owner, if any, or director nominee or proposed business
that would be required to be disclosed in a proxy statement or other filing required to be made in connection with the solicitation
of proxies in support of such nominee or proposal pursuant to Section 14 of the Exchange Act; and</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">(8)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>such other information relating to any proposed item of business as the Corporation may reasonably require to determine
whether such proposed item of business is a proper matter for stockholder action.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If requested
by the Corporation, the information required under clauses &lrm;2.10(a)(iii)(C)(2), &lrm;(3) and &lrm;(4) of the preceding sentence
of this &lrm;Section 2.10 shall be supplemented by such stockholder and any such beneficial owner not later than 10 days after
the record date for the meeting to disclose such information as of the record date.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Special Meetings of Stockholders</I>. If the election of directors is included as business to be brought before a special
meeting in the Corporation&rsquo;s notice of meeting, then nominations of persons for election to the Board of Directors at a
special meeting of stockholders may be made by any stockholder who is a stockholder of record at the time of giving of notice
provided for in this &lrm;Section 2.10(b) and at the time of the special meeting, who shall be entitled to vote at the meeting
and who complies with the procedures set forth in this &lrm;Section 2.10(b). For nominations to be properly brought by a stockholder
before a special meeting of stockholders pursuant to this &lrm;Section 2.10(b), the stockholder must have given timely notice
thereof in writing to the Secretary of the Corporation. To be timely, a stockholder&rsquo;s notice shall be delivered to or mailed
and received at the principal executive offices of the Corporation (A) not earlier than 150 days prior to the date of the special
meeting nor (B) later than the later of 120 days prior to the date of the special meeting or the 10<SUP>th</SUP> day following
the day on which public announcement of the date of the special meeting was first made. A stockholder&rsquo;s notice to the Secretary
shall comply with the notice requirements of &lrm;Section 2.10(a)(iii).</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 6; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>General</I>. (i) To be eligible to be a nominee for election as a director, the proposed nominee must provide to the
Secretary of the Corporation in accordance with the applicable time periods prescribed for delivery of notice under &lrm;Section
2.10(a)(i) or &lrm;Section 2.10(b): (1) a completed D&amp;O questionnaire (in the form provided by the secretary of the Corporation
at the request of the nominating stockholder) containing information regarding the nominee&rsquo;s background and qualifications
and such other information as may reasonably be required by the Corporation to determine the eligibility of such proposed nominee
to serve as a director of the Corporation or to serve as an independent director of the Corporation, (2) a written representation
that, unless previously disclosed to the Corporation, the nominee is not and will not become a party to any voting agreement,
arrangement or understanding with any person or entity as to how such nominee, if elected as a director, will vote on any issue
or that could interfere with such person&rsquo;s ability to comply, if elected as a director, with his/her fiduciary duties under
applicable law, (3) a written representation and agreement that, unless previously disclosed to the Corporation pursuant to &lrm;Section
2.10(a)(iii)(A)(2), the nominee is not and will not become a party to any Third-Party Compensation Arrangement and (4) a written
representation that, if elected as a director, such nominee would be in compliance and will continue to comply with the Corporation&rsquo;s
corporate governance guidelines as disclosed on the Corporation&rsquo;s website, as amended from time to time. At the request
of the Board of Directors, any person nominated by the Board of Directors for election as a director shall furnish to the Secretary
of the Corporation the information that is required to be set forth in a stockholder&rsquo;s notice of nomination that pertains
to the nominee.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.9in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No person shall be eligible to be nominated by a stockholder to serve as a director of the Corporation unless nominated
in accordance with the procedures set forth in this &lrm;Section 2.10. No business proposed by a stockholder shall be conducted
at a stockholder meeting except in accordance with this &lrm;Section 2.10</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The chairman of the meeting shall, if the facts warrant, determine and declare to the meeting that a nomination was not
made in accordance with the procedures prescribed by these Bylaws or that business was not properly brought before the meeting,
and if he/she should so determine, he/she shall so declare to the meeting and the defective nomination shall be disregarded or
such business shall not be transacted, as the case may be. Notwithstanding the foregoing provisions of this &lrm;Section 2.10,
unless otherwise required by law, if the stockholder (or a qualified representative of the stockholder) does not appear at the
annual or special meeting of stockholders of the Corporation to present a nomination or other proposed business, such nomination
shall be disregarded or such proposed business shall not be transacted, as the case may be, notwithstanding that proxies in respect
of such vote may have been received by the Corporation and counted for purposes of determining a quorum. For purposes of this
&lrm;Section 2.10, to be considered a qualified representative of the stockholder, a person must be a duly authorized officer,
manager or partner of such stockholder or must be authorized by a writing executed by such stockholder or an electronic transmission
delivered by such stockholder to act for such stockholder as proxy at the meeting of stockholders and such person must produce
such writing or electronic transmission, or a reliable reproduction of the writing or electronic transmission, at the meeting
of stockholders.</FONT></P>

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

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

<!-- Field: Page; Sequence: 7; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Without limiting the foregoing provisions of this &lrm;Section 2.10, a stockholder shall also comply with all applicable
requirements of the Exchange Act with respect to the matters set forth in this &lrm;Section 2.10; <I>provided</I>, <I>however</I>,
that any references in these Bylaws to the Exchange Act are not intended to and shall not limit any requirements applicable to
nominations or proposals as to any other business to be considered pursuant to this &lrm;Section 2.10, and compliance with paragraphs
&lrm;(a)(i)(C) and &lrm;(b) of this &lrm;Section 2.10 shall be the exclusive means for a stockholder to make nominations or submit
other business (other than as provided in &lrm;Section 2.10(c)(v)).</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything to the contrary, the notice requirements set forth herein with respect to the proposal of any
business pursuant to this &lrm;Section 2.10 shall be deemed satisfied by a stockholder if such stockholder has submitted a proposal
to the Corporation in compliance with Rule 14a-8 under the Exchange Act, and such stockholder&rsquo;s proposal has been included
in a proxy statement that has been prepared by the Corporation to solicit proxies for the meeting of stockholders.<I> </I></FONT></P>

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 3.01<I>.
General Powers. </I>Except as otherwise provided in Delaware Law or the Certificate of Incorporation, the business and affairs
of the Corporation shall be managed by or under the direction of the Board of Directors.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 3.02<I>.
Number, Election and Term Of Office.</I> The Board of Directors shall consist of not less than five nor more than nine directors,
with the exact number of directors to be determined from time to time solely by resolution adopted by the affirmative vote of
a majority of the Board. As set forth in Article 6 of the Certificate of Incorporation, the directors shall be divided into three
classes, designated Class I, Class II and Class III. Each class shall consist, as nearly as may be practicable, of one-third of
the total number of directors constituting the entire Board of Directors. Except as otherwise provided in the Certificate of Incorporation,
each director shall serve for a term ending on the date of the third annual meeting of stockholders next following the annual
meeting at which such director was elected. Notwithstanding the foregoing, each director shall hold office until such director&rsquo;s
successor shall have been duly elected and qualified or until such director&rsquo;s earlier death, resignation or removal. Directors
need not be stockholders.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 8; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 3.03<I>.
Quorum and Manner of Acting. </I>Unless the Certificate of Incorporation or these Bylaws require a greater number, a majority
of the Board of Directors shall constitute a quorum for the transaction of business at any meeting of the Board of Directors and,
except as otherwise expressly required by law or by the Certificate of Incorporation, the act of a majority of the directors present
at a meeting at which a quorum is present shall be the act of the Board of Directors. When a meeting is adjourned to another time
or place (whether or not a quorum is present), notice need not be given of the adjourned meeting if the time and place thereof
are announced at the meeting at which the adjournment is taken. At the adjourned meeting, the Board of Directors may transact
any business that might have been transacted at the original meeting. If a quorum shall not be present at any meeting of the Board
of Directors, the directors present thereat shall adjourn the meeting, from time to time, without notice other than announcement
at the meeting, until a quorum shall be present.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 3.04<I>.
Time and Place of Meetings. </I>The Board of Directors shall hold its meetings at such place, either within or without the State
of Delaware, and at such time as may be determined from time to time by the Board of Directors (or the Chairman of the Board of
Directors in the absence of a determination by the Board of Directors).</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 3.05<I>.
Annual Meeting. </I>The Board of Directors shall meet for the purpose of organization, the election of officers and the transaction
of other business, as soon as practicable after each annual meeting of stockholders, on the same day and at the same place where
such annual meeting shall be held. Notice of such meeting need not be given. In the event such annual meeting is not so held,
the annual meeting of the Board of Directors may be held at such place either within or without the State of Delaware, on such
date and at such time as shall be specified in a notice thereof given as hereinafter provided in &lrm;Section 3.07 herein or in
a waiver of notice thereof signed by any director who chooses to waive the requirement of notice.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 3.06<I>.
Regular Meetings. </I>After the place and time of regular meetings of the Board of Directors shall have been determined and notice
thereof shall have been once given to each member of the Board of Directors, regular meetings may be held without further notice
being given.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 3.07<I>.
Special Meetings. </I>Special meetings of the Board of Directors may be called by the Chairman of the Board of Directors, the
Chief Executive Officer or the President and shall be called by the Chairman of the Board of Directors, Chief Executive Officer,
President or the Secretary, on the written request of three directors. Notice of special meetings of the Board of Directors shall
be given to each director at least 48 hours before the date of the meeting in such manner as is determined by the Board of Directors.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 9; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 3.08<I>.
Committees. </I>The Board of Directors may designate one or more committees, each committee to consist of one or more of the directors
of the Corporation. The Board of Directors may designate one or more directors as alternate members of any committee, who may
replace any absent or disqualified member at any meeting of the committee. In the absence or disqualification of a member of a
committee, the member or members present at any meeting and not disqualified from voting, whether or not such member or members
constitute a quorum, may unanimously appoint another member of the Board of Directors to act at the meeting in the place of any
such absent or disqualified member. Any such committee, to the extent provided in the resolution of the Board of Directors, shall
have and may exercise all the powers and authority of the Board of Directors in the management of the business and affairs of
the Corporation, and may authorize the seal of the Corporation to be affixed to all papers which may require it; but no such committee
shall have the power or authority in reference to the following matters: (a) approving or adopting, or recommending to the stockholders,
any action or matter expressly required by Delaware Law to be submitted to the stockholders for approval or (b) adopting, amending
or repealing any Bylaw of the Corporation. Each committee shall keep regular minutes of its meetings and report the same to the
Board of Directors when required.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 3.09<I>.
Action by Consent. </I>Unless otherwise restricted by the Certificate of Incorporation or these Bylaws, any action required or
permitted to be taken at any meeting of the Board of Directors or of any committee thereof may be taken without a meeting, if
all members of the Board of Directors or committee, as the case may be, consent thereto in writing or by electronic transmission,
and the writing or writings or electronic transmission or transmissions, are filed with the minutes of proceedings of the Board
of Directors or committee. Such filing shall be in paper form if the minutes are maintained in paper form and shall be in electronic
form if the minutes are maintained in electronic form.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 3.10<I>.
Telephonic Meetings. </I>Unless otherwise restricted by the Certificate of Incorporation or these Bylaws, members of the Board
of Directors, or any committee designated by the Board of Directors, may participate in a meeting of the Board of Directors, or
such committee, as the case may be, by means of conference telephone or other communications equipment by means of which all persons
participating in the meeting can hear each other, and such participation in a meeting shall constitute presence in person at the
meeting.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 3.11<I>.
Resignation. </I>Any director may resign from the Board of Directors at any time by giving notice to the Board of Directors or
to the Secretary of the Corporation. Any such notice must be in writing or by electronic transmission to the Board of Directors
or to the Secretary of the Corporation. The resignation of any director shall take effect upon receipt of notice thereof or at
such later time as shall be specified in such notice; and unless otherwise specified therein, the acceptance of such resignation
shall not be necessary to make it effective.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 10; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 3.12<I>.
Vacancies. </I>Unless otherwise provided in the Certificate of Incorporation, vacancies on the Board of Directors resulting from
death, resignation, removal or otherwise and newly created directorships resulting from any increase in the number of directors
shall, except as otherwise required by law, be filled solely by a majority of the directors then in office (although less than
a quorum) or by the sole remaining director, and each director so elected shall hold office for a term that shall coincide with
the term of the Class to which such director shall have been elected. If there are no directors in office, then an election of
directors may be held in accordance with Delaware Law. Unless otherwise provided in the Certificate of Incorporation, when one
or more directors shall resign from the Board of Directors, effective at a future date, a majority of the directors then in office,
including those who have so resigned, shall have the power to fill such vacancy or vacancies, the vote thereon to take effect
when such resignation or resignations shall become effective, and each director so chosen shall hold office as provided in the
filling of the other vacancies.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 3.13<I>.
Removal. </I>No director may be removed from office by the stockholders except for cause with the affirmative vote of the holders
of not less than a majority of the total voting power of all outstanding securities of the corporation generally entitled to vote
in the election of directors, voting together as a single class.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 3.14<I>.
Compensation. </I>Unless otherwise restricted by the Certificate of Incorporation or these Bylaws, the Board of Directors shall
have authority to fix the compensation of directors, including fees and reimbursement of expenses.</FONT></P>

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.01<I>.
Principal Officers. </I>The principal officers of the Corporation shall be a Chief Executive Officer, a President, one or more
Vice Presidents, a Treasurer and a Secretary who shall have the duty, among other things, to record the proceedings of the meetings
of stockholders and directors in a book kept for that purpose. The Corporation may also have such other principal officers, including
one or more Controllers, as the Board of Directors may in its discretion appoint. One person may hold the offices and perform
the duties of any two or more of said offices, except that no one person shall hold the offices and perform the duties of President
and Secretary.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 11; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.02<I>.
Appointment, Term of Office and Remuneration. </I>The principal officers of the Corporation shall be appointed by the Board of
Directors in the manner determined by the Board of Directors. Each such officer shall hold office until his or her successor is
appointed, or until his or her earlier death, resignation or removal. The remuneration of all officers of the Corporation shall
be fixed by the Board of Directors. Any vacancy in any office shall be filled in such manner as the Board of Directors shall determine.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.03<I>.
Subordinate Officers. </I>In addition to the principal officers enumerated in &lrm;Section 4.01 herein, the Corporation may have
one or more Assistant Treasurers, Assistant Secretaries and Assistant Controllers and such other subordinate officers, agents
and employees as the Board of Directors may deem necessary, each of whom shall hold office for such period as the Board of Directors
may from time to time determine. The Board of Directors may delegate to any principal officer the power to appoint and to remove
any such subordinate officers, agents or employees.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.04<I>.
Removal. </I>Except as otherwise permitted with respect to subordinate officers, any officer may be removed, with or without cause,
at any time, by resolution adopted by the Board of Directors.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.05<I>.
Resignations. </I>Any officer may resign at any time by giving notice to the Board of Directors (or to a principal officer if
the Board of Directors has delegated to such principal officer the power to appoint and to remove such officer). Any such notice
must be in writing. The resignation of any officer shall take effect upon receipt of notice thereof or at such later time as shall
be specified in such notice; and unless otherwise specified therein, the acceptance of such resignation shall not be necessary
to make it effective.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.06<I>.
Powers and Duties. </I>The officers of the Corporation shall have such powers and perform such duties incident to each of their
respective offices and such other duties as may from time to time be conferred upon or assigned to them by the Board of Directors.</FONT></P>

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 5.01<I>.
Certificates For Stock; Uncertificated Shares. </I>The shares of the Corporation shall be represented by certificates, provided
that the Board of Directors may provide by resolution or resolutions that some or all of any or all classes or series of its stock
shall be uncertificated shares or a combination of certificated and uncertificated shares. Any such resolution that shares of
a class or series will only be uncertificated shall not apply to shares represented by a certificate until such certificate is
surrendered to the Corporation. Except as otherwise required by law, the rights and obligations of the holders of uncertificated
shares and the rights and obligations of the holders of shares represented by certificates of the same class and series shall
be identical. Every holder of stock represented by certificates shall be entitled to have a certificate signed by, or in the name
of the Corporation by the Chairman or Vice Chairman of the Board of Directors, or the Chief Executive Officer, President or Vice
President, and by the Treasurer or an Assistant Treasurer, or the Secretary or an Assistant Secretary of such Corporation representing
the number of shares registered in certificate form. Any or all of the signatures on the certificate may be a facsimile. In case
any officer, transfer agent or registrar who has signed or whose facsimile signature has been placed upon a certificate shall
have ceased to be such officer, transfer agent or registrar before such certificate is issued, it may be issued by the Corporation
with the same effect as if such person were such officer, transfer agent or registrar at the date of issue. A Corporation shall
not have power to issue a certificate in bearer form.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 12; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 5.02<I>.
Transfer Of Shares. </I>Shares of the stock of the Corporation may be transferred on the record of stockholders of the Corporation
by the holder thereof or by such holder&rsquo;s duly authorized attorney upon surrender of a certificate therefor properly endorsed
or upon receipt of proper transfer instructions from the registered holder of uncertificated shares or by such holder&rsquo;s
duly authorized attorney and upon compliance with appropriate procedures for transferring shares in uncertificated form, unless
waived by the Corporation.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 5.03<I>.
Authority for Additional Rules Regarding Transfer.</I> The Board of Directors shall have the power and authority to make all such
rules and regulations as they may deem expedient concerning the issue, transfer and registration of certificated or uncertificated
shares of the stock of the Corporation, as well as for the issuance of new certificates in lieu of those which may be lost or
destroyed, and may require of any stockholder requesting replacement of lost or destroyed certificates, bond in such amount and
in such form as they may deem expedient to indemnify the Corporation, and/or the transfer agents, and/or the registrars of its
stock against any claims arising in connection therewith.</FONT></P>

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

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-variant: normal; text-transform: uppercase">Article
6</FONT><FONT STYLE="font-size: 10pt"><BR>
<FONT STYLE="font-variant: normal; text-transform: uppercase">General Provisions</FONT></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 6.01<I>.
Fixing the Record Date. </I>(a)<I> </I>In order that the Corporation may determine the stockholders entitled to notice of any
meeting of stockholders or any adjournment thereof, the Board of Directors may fix a record date, which record date shall not
precede the date upon which the resolution fixing such record date is adopted by the Board of Directors, and which record date
shall not be more than 60 nor fewer than 10 days before the date of such meeting. If the Board of Directors 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 of Directors
determines, at the time it fixes such record date, 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. A determination of stockholders of record entitled to notice of or to vote at a meeting of stockholders shall
apply to any adjournment of the meeting; <I>provided</I> that the Board of Directors may in its discretion or as required by law
fix a new record date for determination of stockholders entitled to vote at the adjourned meeting, and in such case shall fix
the same date or an earlier date as the record date for stockholders entitled to notice of such adjourned meeting.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 13; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In order that the Corporation may determine the stockholders entitled to receive payment of any dividend or other distribution
or allotment of any rights or the stockholders entitled to exercise any rights in respect of any change, conversion or exchange
of stock, or for the purpose of any other lawful action, the Board of Directors may fix a record date, which record date shall
not precede the date upon which the resolution fixing the record date is adopted, and which record date shall be not more than
60 days prior to such action. If no record date is fixed, the record date for determining stockholders for any such purpose shall
be at the close of business on the day on which the Board of Directors adopts the resolution relating thereto.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.9in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 6.02<I>.
Dividends. </I>Subject to limitations contained in Delaware Law and the Certificate of Incorporation, the Board of Directors may
declare and pay dividends upon the shares of capital stock of the Corporation, which dividends may be paid either in cash, in
property or in shares of the capital stock of the Corporation.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 6.03<I>.
Year. </I>The fiscal year of the Corporation shall commence on January 1 and end on December 31 of each year.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 6.04<I>.
Corporate Seal. </I>The corporate seal shall have inscribed thereon the name of the Corporation, the year of its organization
and the words &ldquo;Corporate Seal, Delaware&rdquo;. The seal may be used by causing it or a facsimile thereof to be impressed,
affixed or otherwise reproduced.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 6.05<I>.
Voting of Stock Owned by the Corporation. </I>The Board of Directors may authorize any person, on behalf of the Corporation, to
attend, vote at and grant proxies to be used at any meeting of stockholders of any corporation (except this Corporation) in which
the Corporation may hold stock.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 6.06.
<I>Forum Selection</I>. Unless the Corporation consents in writing to the selection of an alternative forum, the sole and exclusive
forum for (i) any derivative action or proceeding brought on behalf of the Corporation, (ii) any action asserting a claim of breach
of a fiduciary duty owed by any director, officer or other employee of the Corporation to the Corporation or the Corporation&rsquo;s
stockholders, (iii) any action asserting a claim arising pursuant to any provision of Delaware Law or the Certificate of Incorporation
or these ByLaws (in each case, as they may be amended from time to time), or (iv) any action asserting a claim governed by the
internal affairs doctrine shall be a state court located within the state of Delaware (or, if no state court located within the
State of Delaware has jurisdiction, the federal district court for the District of Delaware), in all cases subject to the court&rsquo;s
having personal jurisdiction over the indispensable parties named as defendants. Any person or entity purchasing or otherwise
acquiring any interest in shares of capital stock of the Corporation shall be deemed to have notice of and consented to the provisions
of this &lrm;Section 6.06.</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 14; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 6.07<I>.
Amendments. </I>These Bylaws or any of them, may be altered, amended or repealed, or new Bylaws may be made, by the stockholders
entitled to vote thereon at any annual or special meeting thereof or by the Board of Directors. Unless a higher percentage is
required by the Certificate of Incorporation as to any matter that is the subject of these Bylaws, all such amendments must be
approved by the affirmative vote of the holders of not less than 662/3% of the total voting power of all outstanding securities
of the Corporation, generally entitled to vote in the election of directors, voting together as a single class, or by a majority
of the Board of Directors.</FONT></P>

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

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


<!-- Field: Page; Sequence: 15; Options: Last -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

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

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
