<SEC-DOCUMENT>0000004457-13-000037.txt : 20130905
<SEC-HEADER>0000004457-13-000037.hdr.sgml : 20130905
<ACCEPTANCE-DATETIME>20130905132141
ACCESSION NUMBER:		0000004457-13-000037
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20130904
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20130905
DATE AS OF CHANGE:		20130905

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERCO /NV/
		CENTRAL INDEX KEY:			0000004457
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-AUTO RENTAL & LEASING (NO DRIVERS) [7510]
		IRS NUMBER:				880106815
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11255
		FILM NUMBER:		131079895

	BUSINESS ADDRESS:	
		STREET 1:		1325 AIRMOTIVE WAY STE 100
		CITY:			RENO
		STATE:			NV
		ZIP:			89502
		BUSINESS PHONE:		7756886300

	MAIL ADDRESS:	
		STREET 1:		1325 AIRMOTIVE WAY
		STREET 2:		SUITE 100
		CITY:			RENO
		STATE:			NV
		ZIP:			89502

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERCO
		DATE OF NAME CHANGE:	19770926
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>restatedbylaws.htm
<DESCRIPTION>8-K
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            <p style="margin:0pt; text-align:center"><a name="EDGAR_PAGE_START1"></a><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">UNITED STATES</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">SECURITIES AND EXCHANGE COMMISSION</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">WASHINGTON</font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">, </font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">D.C.</font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold"> </font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">20549</font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">FORM 8-K</font></p>
            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">CURRENT REPORT</font></p>
            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">Pursuant to Section 13 or 15(d) of the</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">Securities Exchange Act of 1934</font></p>
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                            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">September 4, 2013</font></p>
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                            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">Date of Report (Date of earliest event reported)</font></p>
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                            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">AMERCO</font></p>
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                            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">(Exact name of registrant as specified in its charter)</font></p>
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                            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">Nevada</font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">&#xa0;</font></p>
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                            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">88-0106815</font></p>
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                            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">(I.R.S. Employer Identification No.)</font></p>
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                            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">1325 Airmotive Way, Ste. 100</font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">&#xa0;</font></p>
                            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">Reno</font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">, </font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">Nevada</font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold"> </font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">89502-3239</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
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                            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">(775) 688-6300</font></p>
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            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under </font><font style="font-family:'Times New Roman'; font-size:12pt">any of the following provisions:</font></p>
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                            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
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                            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
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                            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt">Pre-commencement communications </font><font style="font-family:'Times New Roman'; font-size:12pt">pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
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                            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
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            <p style="margin:0pt"><a name="EDGAR_PAGE_START2"></a><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fis</font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">cal Year. </font></p>
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            <p style="margin:0pt; text-indent:36pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">On June 5, 2013, the Board of Directors of AMERCO (the &#8220;Board&#8221;) approved amendments and a restatement to the articles of incorporation of AMERCO (the &#8220;Restated Articles&#8221;), subject to approval by AMERCO&#8217;s stockholders.&#160; As disclosed on the Form </font><font style="font-family:'Times New Roman'; font-size:12pt">8-K filed with the Securities and Exchange Commission (the &#8220;SEC&#8221;) on September 3, 2013, on August 29, 2013, the Restated Articles were approved by AMERCO&#8217;s stockholders in connection with AMERCO&#8217;s 2013 Annual Meeting of Stockholders (the &#8220;Annual Meeting&#8221;).</font><font style="font-family:'Times New Roman'; font-size:12pt">&#160; The Restated Articles reflect the following revisions: </font><font style="font-family:'Times New Roman'; font-size:12pt">(i) </font><font style="font-family:'Times New Roman'; font-size:12pt">eliminating AMERCO&#8217;s</font><font style="font-family:'Times New Roman'; font-size:12pt"> staggere</font><font style="font-family:'Times New Roman'; font-size:12pt">d (or &#8220;classified&#8221;) Board and providing for</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">a </font><font style="font-family:'Times New Roman'; font-size:12pt">one-year term for each member</font><font style="font-family:'Times New Roman'; font-size:12pt"> of the Board</font><font style="font-family:'Times New Roman'; font-size:12pt">; (i</font><font style="font-family:'Times New Roman'; font-size:12pt">i) a</font><font style="font-family:'Times New Roman'; font-size:12pt">d</font><font style="font-family:'Times New Roman'; font-size:12pt">ding</font><font style="font-family:'Times New Roman'; font-size:12pt"> a mandatory director, officer and agent indemnification provisio</font><font style="font-family:'Times New Roman'; font-size:12pt">n requirin</font><font style="font-family:'Times New Roman'; font-size:12pt">g indemnification by AMERCO</font><font style="font-family:'Times New Roman'; font-size:12pt"> to the fullest extent permitted by law, so that the</font><font style="font-family:'Times New Roman'; font-size:12pt"> Restated</font><font style="font-family:'Times New Roman'; font-size:12pt"> Articles </font><font style="font-family:'Times New Roman'; font-size:12pt">are consistent with AMERCO</font><font style="font-family:'Times New Roman'; font-size:12pt">&#8217;s Bylaws</font><font style="font-family:'Times New Roman'; font-size:12pt">; (iii) eliminating</font><font style="font-family:'Times New Roman'; font-size:12pt"> any specific terms or conditions of any preferred stock or s</font><font style="font-family:'Times New Roman'; font-size:12pt">erial common stock, but continuin</font><font style="font-family:'Times New Roman'; font-size:12pt">g</font><font style="font-family:'Times New Roman'; font-size:12pt"> to authorize serial c</font><font style="font-family:'Times New Roman'; font-size:12pt">ommon stock and preferred stock</font><font style="font-family:'Times New Roman'; font-size:12pt">; (iv) </font><font style="font-family:'Times New Roman'; font-size:12pt">updating and revising</font><font style="font-family:'Times New Roman'; font-size:12pt"> the conflict of interest and interested transaction provision to reflect current Nevada law requirements </font><font style="font-family:'Times New Roman'; font-size:12pt">and (v) correcting</font><font style="font-family:'Times New Roman'; font-size:12pt"> typographical errors and to make certain non-subs</font><font style="font-family:'Times New Roman'; font-size:12pt">tantive, stylistic changes as reflected in the redline of the Restated Articles </font><font style="font-family:'Times New Roman'; font-size:12pt">attached to the Annual Meeting Proxy Statement on Schedule 14A filed on July 17, 2013 with the&#160; SEC (the &#8220;Proxy Statement&#8221;).&#160; The foregoing description is qualified in its enti</font><font style="font-family:'Times New Roman'; font-size:12pt">rety by the description of such amendments set forth in the Proxy Statement, the entire redlined Restated Articles which were attached with the Proxy Statement, and the Restated Articles attached hereto at Exhibit 3.1.</font></p>
            <p style="margin:0pt; text-indent:36pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:36pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">On June 5, 2013, the Board also </font><font style="font-family:'Times New Roman'; font-size:12pt">approved certain amendments and a restatement to AMERCO&#8217;s Bylaws (the &#8220;Restated Bylaws&#8221;), effective as of September 4, 2013, to ensure, among other things, that the Bylaw provisions (consistent with the Restated Articles) eliminated AMERCO&#8217;s staggered Boar</font><font style="font-family:'Times New Roman'; font-size:12pt">d and provide for a one-year term for each member of the Board.&#160; In addition, the Restated Bylaws contain certain other changes to correct typographical errors and to make certain non-substantive or stylistic changes. The foregoing description is qualified</font><font style="font-family:'Times New Roman'; font-size:12pt"> in its entirety by the entire Restated Bylaws which are attached hereto at Exhibit 3.2.</font></p>
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            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">Item 9.01 Financial Statements and Exhibits. </font></p>
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            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt">(d) Exhibits</font></p>
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                            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold; text-decoration:underline">Exhibit</font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold; text-decoration:underline">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold; text-decoration:underline">No</font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">.</font></p>
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                            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt">Restated Articles of Incorporation of AMERCO</font></p>
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                            <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">3.2</font></p>
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                            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt">Restated </font><font style="font-family:'Times New Roman'; font-size:12pt">Bylaws of AMERCO</font></p>
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            <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">SIGNATURE</font></p>
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            <p style="margin:0pt; text-indent:36pt"><font style="font-family:'Times New Roman'; font-size:12pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></p>
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            <p style="margin:0pt 0pt 0pt 180pt"><font style="font-family:'Times New Roman'; font-size:12pt">AMERCO</font></p>
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            <p style="margin:0pt 0pt 0pt 180pt"><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">/s/ Jason A. Berg</font></p>
            <p style="margin:0pt 0pt 0pt 180pt"><font style="font-family:'Times New Roman'; font-size:12pt">Jason A. Berg, </font></p>
            <p style="margin:0pt 0pt 0pt 180pt"><font style="font-family:'Times New Roman'; font-size:12pt">Principal Financial Officer and </font></p>
            <p style="margin:0pt 0pt 0pt 180pt"><font style="font-family:'Times New Roman'; font-size:12pt">Chief Accounting Officer </font></p>
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            <p style="margin:0pt; text-indent:36pt"><font style="font-family:'Times New Roman'; font-size:12pt">Dated: September 5, 2013</font></p>
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                        <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt">Restated Articles of Incorporation of AMERCO</font></p>
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<DOCUMENT>
<TYPE>EX-3.1
<SEQUENCE>2
<FILENAME>exhibit31.htm
<DESCRIPTION>RESTATED ARTICLES OF INCORPORATION OF AMERCO
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            <p style="margin:0pt; text-align:center"><a name="EDGAR_PAGE_START1"></a><font style="font-family:'Times New Roman'; font-size:12pt">RESTATED</font><br /><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">ARTICLES OF INCORPORATION</font><br /><font style="font-family:'Times New Roman'; font-size:12pt"> OF</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">AMERCO</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">The undersigned</font><font style="font-family:'Times New Roman'; font-size:12pt">,</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">Chairman and </font><font style="font-family:'Times New Roman'; font-size:12pt">President of AMERCO, </font><font style="font-family:'Times New Roman'; font-size:12pt">a Nevada corporation, </font><font style="font-family:'Times New Roman'; font-size:12pt">in accordance with Section 78.403 of the</font><font style="font-family:'Times New Roman'; font-size:12pt"> Nevada Revised Statutes</font><font style="font-family:'Times New Roman'; font-size:12pt">,</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">does hereby certify that </font><font style="font-family:'Times New Roman'; font-size:12pt">the following </font><font style="font-family:'Times New Roman'; font-size:12pt">are the </font><font style="font-family:'Times New Roman'; font-size:12pt">Restated </font><font style="font-family:'Times New Roman'; font-size:12pt">Articles of Incorporation </font><font style="font-family:'Times New Roman'; font-size:12pt">of AMERCO </font><font style="font-family:'Times New Roman'; font-size:12pt">as amended</font><font style="font-family:'Times New Roman'; font-size:12pt"> to the date set forth below (as so amended the &#8220;Articles of Incorporation&#8221;). This following </font><font style="font-family:'Times New Roman'; font-size:12pt">correctly sets forth the text of </font><font style="font-family:'Times New Roman'; font-size:12pt">said</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">A</font><font style="font-family:'Times New Roman'; font-size:12pt">rticles of </font><font style="font-family:'Times New Roman'; font-size:12pt">I</font><font style="font-family:'Times New Roman'; font-size:12pt">ncorporation</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt 0pt 12pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">1.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">The name of th</font><font style="font-family:'Times New Roman'; font-size:12pt">is</font><font style="font-family:'Times New Roman'; font-size:12pt"> Corporation is AMERCO</font><font style="font-family:'Times New Roman'; font-size:12pt"> (hereinafter</font><font style="font-family:'Times New Roman'; font-size:12pt"> this &#8220;Corporation&#8221;)</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font></p>
            <p style="margin:0pt 0pt 12pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">2.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">The name and address of the resident agent is The Corporation</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">Trust Company of Nevada, </font><font style="font-family:'Times New Roman'; font-size:12pt">311 S. Division Street, Carson City, Nevada 89703</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font></p>
            <p style="margin:0pt 0pt 12pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">3.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">The Corporation </font><font style="font-family:'Times New Roman'; font-size:12pt">may </font><font style="font-family:'Times New Roman'; font-size:12pt">engage in any </font><font style="font-family:'Times New Roman'; font-size:12pt">lawful activity</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font></p>
            <p style="margin:0pt 0pt 12pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">4.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">The Corporation shall have all the general an</font><font style="font-family:'Times New Roman'; font-size:12pt">d specific powers authorized</font><font style="font-family:'Times New Roman'; font-size:12pt"> by law</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font></p>
            <p style="margin:0pt 0pt 12pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">5.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">The total number of shares of common stock which </font><font style="font-family:'Times New Roman'; font-size:12pt">this Corporation</font><font style="font-family:'Times New Roman'; font-size:12pt"> is authorized to issue is (i) One Hundred and Fifty Million (150,000,000) shares of common stock with a par value of Twenty-five Cents ($0.25) per share </font><font style="font-family:'Times New Roman'; font-size:12pt">(&quot;</font><font style="font-family:'Times New Roman'; font-size:12pt">Common Stock, $0.25 Par Value</font><font style="font-family:'Times New Roman'; font-size:12pt">&quot;), and (ii) One Hundred and Fifty Million (150,000,000) shares of common stock (&quot;Serial Common Stock&quot;), with the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> having authority to issue shares of Serial Common Stock in one or more </font><font style="font-family:'Times New Roman'; font-size:12pt">classes or </font><font style="font-family:'Times New Roman'; font-size:12pt">series (the number of shares of each </font><font style="font-family:'Times New Roman'; font-size:12pt">class or </font><font style="font-family:'Times New Roman'; font-size:12pt">series being determined by the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">), with or without par value, and with such voting powers,</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">designations, preferences, limitations, restrictions, and relative rights as shall be stated or expres</font><font style="font-family:'Times New Roman'; font-size:12pt">sed in the resolution regarding such Serial Common Stock adopted by the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> pursuant to the authority expressly vested in it by this provision of the Articles of Incorporation, or any amendment thereto. For purposes of these Articles of Inco</font><font style="font-family:'Times New Roman'; font-size:12pt">rporation, the term &quot;common stock&quot; includes </font><font style="font-family:'Times New Roman'; font-size:12pt">Common Stock, $0.25 Par Value</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">and Serial Common Stock.</font></p>
            <p style="margin:0pt 0pt 12pt 36pt"><font style="font-family:'Times New Roman'; font-size:12pt">In addition to the common stock authorized to be issued by the foregoing paragraph, </font><font style="font-family:'Times New Roman'; font-size:12pt">this Corporation</font><font style="font-family:'Times New Roman'; font-size:12pt"> is authorized to issue Fifty Million (50,000,</font><font style="font-family:'Times New Roman'; font-size:12pt">000) shares</font><font style="font-family:'Times New Roman'; font-size:12pt"> of preferred s</font><font style="font-family:'Times New Roman'; font-size:12pt">tock, with the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> having authority to issue such shares in one or more </font><font style="font-family:'Times New Roman'; font-size:12pt">classes or </font><font style="font-family:'Times New Roman'; font-size:12pt">series (the number of shares of each </font><font style="font-family:'Times New Roman'; font-size:12pt">class or </font><font style="font-family:'Times New Roman'; font-size:12pt">series being determined by the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">), with or without par value, and with such voti</font><font style="font-family:'Times New Roman'; font-size:12pt">ng powers, designations, preferences limitations, restrictions, and relative right as shall be stated or expressed in the resolution regarding such preferred stock adopted by the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> pursuant to the authority expressly vested in it by this p</font><font style="font-family:'Times New Roman'; font-size:12pt">rovision of the</font><font style="font-family:'Times New Roman'; font-size:12pt">se</font><font style="font-family:'Times New Roman'; font-size:12pt"> Articles of Incorporation, or any amendment thereto.</font></p>
            <p style="margin:0pt 0pt 12pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">6.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">For the management of the business, and for the conduct of the affairs of the Corporation, and for the further definition, limitation, and regulation of the</font><a name="EDGAR_PAGE_END1"></a></p>
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            <p style="margin:0pt 0pt 12pt 36pt; "><font style="font-family:'Times New Roman'; font-size:12pt"> </font><a name="EDGAR_PAGE_START2"></a><font style="font-family:'Times New Roman'; font-size:12pt">powers of the Corporation an</font><font style="font-family:'Times New Roman'; font-size:12pt">d its directors and stockholders, it is further provided:</font></p>
            <p style="margin:0pt 0pt 12pt 72pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">A.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">B</font><font style="font-family:'Times New Roman'; font-size:12pt">oard of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">. The </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">of the Corporation </font><font style="font-family:'Times New Roman'; font-size:12pt">(&#8220;</font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">&#8221;) </font><font style="font-family:'Times New Roman'; font-size:12pt">shall consist of not less than 4 nor more than 8 </font><font style="font-family:'Times New Roman'; font-size:12pt">d</font><font style="font-family:'Times New Roman'; font-size:12pt">irectors, the exact number of </font><font style="font-family:'Times New Roman'; font-size:12pt">members of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> to be determined from time to time solely by a resolution adopted by an affirmative vote of a majority of the entire </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">. </font></p>
            <p style="margin:0pt 0pt 12pt 72pt"><font style="font-family:'Times New Roman'; font-size:12pt">A director shall hold office </font><font style="font-family:'Times New Roman'; font-size:12pt">for a term of one year, commencing upon the effective time of his or her appointment or </font><font style="font-family:'Times New Roman'; font-size:12pt">election to the Board, and ending at </font><font style="font-family:'Times New Roman'; font-size:12pt">the next succeeding annual meeting of stockholders of the </font><font style="font-family:'Times New Roman'; font-size:12pt">C</font><font style="font-family:'Times New Roman'; font-size:12pt">orporation</font><font style="font-family:'Times New Roman'; font-size:12pt">; </font><font style="font-family:'Times New Roman'; font-size:12pt">subject</font><font style="font-family:'Times New Roman'; font-size:12pt">,</font><font style="font-family:'Times New Roman'; font-size:12pt"> however, to prior death,</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">resignation, retirement, disqualification or removal from office.</font></p>
            <p style="margin:0pt 0pt 12pt 72pt"><font style="font-family:'Times New Roman'; font-size:12pt">D</font><font style="font-family:'Times New Roman'; font-size:12pt">irectors</font><font style="font-family:'Times New Roman'; font-size:12pt"> need not be stockholders. </font><font style="font-family:'Times New Roman'; font-size:12pt">The names of</font><font style="font-family:'Times New Roman'; font-size:12pt"> the current members of the Board are:&#160; Edward J. Shoen, James E. Acridge, Charles J. Bayer, John P. Brogan, John M. Dodds, Michael L. Gallagher, Daniel R. Mullen and James P. Shoen, each with an address of c/o 1325 Airmotive Way, Suite 100, Reno, Nevada 8</font><font style="font-family:'Times New Roman'; font-size:12pt">9502.&#160; </font></p>
            <p style="margin:0pt 0pt 12pt 72pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">B.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">Powers of the Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">. In furtherance and not in limitation of the powers conferred by the laws of the State of Nevada, the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> is expressly authorized and empowered:</font></p>
            <p style="margin:0pt 0pt 12pt 108pt; text-indent:-20.33pt"><font style="font-family:'Times New Roman'; font-size:12pt">(i)</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><a name="_Ref357164263"><font style="font-family:'Times New Roman'; font-size:12pt">To make, alter, amend, and repeal the By-Laws, </font></a><font style="font-family:'Times New Roman'; font-size:12pt">subject </font><font style="font-family:'Times New Roman'; font-size:12pt">to the power of the Stockholders to amend the By-Laws, which power may be exercised only by the affirmative vote of two-thirds of all of the outstanding shares of common stock of the Corporation entitled to vote, which vote must be by ballot at a duly cons</font><font style="font-family:'Times New Roman'; font-size:12pt">tituted meeting of the Stockholders, the notice of which meeting must include the proposed amendment.&#160; This Article 6.B(i) may be amended only by the affirmative vote of two-thirds of all of the outstanding shares of common stock of the Corporation entitle</font><font style="font-family:'Times New Roman'; font-size:12pt">d to vote, which vote must be by ballot at a duly constituted meeting of the stockholders, the notice of which meeting must include the proposed amendment.</font></p>
            <p style="margin:0pt 0pt 12pt 108pt; text-indent:-23.66pt"><font style="font-family:'Times New Roman'; font-size:12pt">(ii)</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">Subject to the applicable provisions of the By-Laws then in effect, to determine, from time to time,</font><font style="font-family:'Times New Roman'; font-size:12pt"> whether and to what extent, and at what times and places, and under what conditions</font><font style="font-family:'Courier New'; font-size:9.5pt; letter-spacing:2.2pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">and</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">regulations, the accounts and books of the Corporation, or any of them, shall be open to stockholder inspection. No stockholder shall have any right to inspect any of </font><font style="font-family:'Times New Roman'; font-size:12pt">the accounts, books or documents of the Corporation, except as permitted by law, unless and until authorized to do so, by resolution of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> or of the </font><font style="font-family:'Times New Roman'; font-size:12pt">shareholders</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">of the Corporation;</font><a name="EDGAR_PAGE_END2"></a></p>
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            <p style="margin:0pt 0pt 12pt 108pt; text-indent:-26.99pt"><font style="font-family:'Times New Roman'; font-size:12pt">(iii)</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><a name="EDGAR_PAGE_START3"></a><font style="font-family:'Times New Roman'; font-size:12pt">To authorize and issue, without stockholder consent, o</font><font style="font-family:'Times New Roman'; font-size:12pt">bligations of the Corporation, secured and unsecured, under such terms and conditions as the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">, in its sole discretion, may determine, and to pledge or mortgage, as security therefor, any real or personal property of the Corporation, inclu</font><font style="font-family:'Times New Roman'; font-size:12pt">ding after-acquired property;</font></p>
            <p style="margin:0pt 0pt 12pt 108pt; text-indent:-26.33pt"><font style="font-family:'Times New Roman'; font-size:12pt">(iv)</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">To determine whether any and, if so, what part, of the earned surplus of the Corporation shall be paid in dividends to the stockholders, and to direct and determine other use and disposition of any such earned surplus;</font></p>
            <p style="margin:0pt 0pt 12pt 108pt; text-indent:-22.99pt"><font style="font-family:'Times New Roman'; font-size:12pt">(v)</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">To fix,</font><font style="font-family:'Times New Roman'; font-size:12pt"> from time to time, the amount of the profits of the Corporation to be reserved as working capital or for any other lawful purpose;</font></p>
            <p style="margin:0pt 0pt 12pt 108pt; text-indent:-26.33pt"><font style="font-family:'Times New Roman'; font-size:12pt">(vi)</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">To establish bonus, profit-sharing, stock option, or other types of incentive compensation plans for the employees, including officers and </font><font style="font-family:'Times New Roman'; font-size:12pt">directors</font><font style="font-family:'Times New Roman'; font-size:12pt">, of the Corporation, and to fix the amount of profits to be shared or distributed, and to determine the per</font><font style="font-family:'Times New Roman'; font-size:12pt">sons to participate in any such plans and the amount of their respective participations;</font></p>
            <p style="margin:0pt 0pt 12pt 108pt; text-indent:-29.66pt"><font style="font-family:'Times New Roman'; font-size:12pt">(vii)</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">To designate, by resolution or resolutions passed by a</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">majority of the whole </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">, one or more committees, each consisting of </font><font style="font-family:'Times New Roman'; font-size:12pt">one </font><font style="font-family:'Times New Roman'; font-size:12pt">or more </font><font style="font-family:'Times New Roman'; font-size:12pt">directors</font><font style="font-family:'Times New Roman'; font-size:12pt">, whic</font><font style="font-family:'Times New Roman'; font-size:12pt">h, to the </font><font style="font-family:'Times New Roman'; font-size:12pt">extent</font><font style="font-family:'Times New Roman'; font-size:12pt"> permitted by law and authorized by the resolution or the By-Laws, shall have and may</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">exercise the powers of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">;</font></p>
            <p style="margin:0pt 0pt 12pt 108pt; text-indent:-32.99pt"><font style="font-family:'Times New Roman'; font-size:12pt">(viii)</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">To provide for the reasonable compensation of its own members by By-Laws, and to fix the terms and conditio</font><font style="font-family:'Times New Roman'; font-size:12pt">ns upon which such compensation will be paid;</font><font style="font-family:'Times New Roman'; font-size:12pt"> and</font></p>
            <p style="margin:0pt 0pt 12pt 108pt; text-indent:-26.33pt"><font style="font-family:'Times New Roman'; font-size:12pt">(ix)</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">In addition to the powers and authority hereinbefore, or by statute, expressly conferred upon it, the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> may exercise all such powers and do all such acts and things as may be exercised or d</font><font style="font-family:'Times New Roman'; font-size:12pt">one by the Corporation, subject, nevertheless, to the provisions of the laws of the State of Nevada, of these Articles of </font><font style="font-family:'Times New Roman'; font-size:12pt">I</font><font style="font-family:'Times New Roman'; font-size:12pt">ncorporation, and of the By-Laws of the Corporation.</font></p>
            <p style="margin:0pt 0pt 12pt 72pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">C.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">A director</font><font style="font-family:'Times New Roman'; font-size:12pt"> or officer of the </font><font style="font-family:'Times New Roman'; font-size:12pt">C</font><font style="font-family:'Times New Roman'; font-size:12pt">orporation shall not be personally liable to </font><font style="font-family:'Times New Roman'; font-size:12pt">this </font><font style="font-family:'Times New Roman'; font-size:12pt">Corporation</font><font style="font-family:'Times New Roman'; font-size:12pt"> or its stockholders for damages for beach of fiduciary duty as a director or officer, but </font><font style="font-family:'Times New Roman'; font-size:12pt">this Article</font><font style="font-family:'Times New Roman'; font-size:12pt"> shall not eliminate or limit the liability of a director or officer for (i) acts of omissions which involve intentional misconduct, fraud or </font><font style="font-family:'Times New Roman'; font-size:12pt">a knowing violation of law or (ii) the unlawful payment of dividends. Any repeal or modification of </font><font style="font-family:'Times New Roman'; font-size:12pt">this Article</font><font style="font-family:'Times New Roman'; font-size:12pt"> by the stockholders of the Corporation shall be prospective only, and shall</font><a name="EDGAR_PAGE_END3"></a></p>
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            <p style="margin:0pt 0pt 12pt 72pt; "><font style="font-family:'Times New Roman'; font-size:12pt"> </font><a name="EDGAR_PAGE_START4"></a><font style="font-family:'Times New Roman'; font-size:12pt">not adversely affect any limitation on the personal liability of a </font><font style="font-family:'Times New Roman'; font-size:12pt">director or officer of</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">the C</font><font style="font-family:'Times New Roman'; font-size:12pt">orporation for acts or omissions prior to such repeal or modification.</font></p>
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            <p style="margin:0pt 0pt 12pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">7.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">Except as otherwise provided by the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">, no</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">holder of any shares of the stock of the Corporation shall have any preemptive right to purchase,</font><font style="font-family:'Times New Roman'; font-size:12pt"> subscribe for, or otherwise acquire any shares of stock of the Corporation of any class now or hereafter authorized, or any securities exchangeable for or convertible into such shares, or any warrants or other instruments evidencing rights or options to s</font><font style="font-family:'Times New Roman'; font-size:12pt">ubscribe for, purchase or otherwise acquire such shares.</font></p>
            <p style="margin:0pt 0pt 12pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">8.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">To the extent and upon the terms and provisions provided in NRS 78.140 and other applicable laws and regulations, a contract or other transaction is not void or voidable solely because (A) The contra</font><font style="font-family:'Times New Roman'; font-size:12pt">ct or transaction is between (i) the Corporation and one or more of its Directors or officers, or (ii) another corporation, firm or association in which one or more of its directors or officers are Directors or officers of the Corporation or are financiall</font><font style="font-family:'Times New Roman'; font-size:12pt">y interested;&#160; (B) A common or interested Director or officer (i) is present at the meeting of the Board of Directors or a committee thereof which authorizes or approves the contract or transaction; or (ii) joins in the signing of a written consent which a</font><font style="font-family:'Times New Roman'; font-size:12pt">uthorizes or approves the contract or transaction pursuant to subsection 2 of&#160; NRS 78.315;&#160; or (C) The vote or votes of a common or interested Director are counted for the purpose of authorizing or approving the contract or transaction.&#160; </font></p>
            <p style="margin:0pt 0pt 12pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">9.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">The duration of t</font><font style="font-family:'Times New Roman'; font-size:12pt">his Corporation shall be perpetual.</font></p>
            <p style="margin:0pt 0pt 12pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">10.</font><font style="font:7.0pt 'Times New Roman'">&#xa0; </font><a name="_Ref357163482"><font style="font-family:'Times New Roman'; font-size:12pt">The affirmative vote of the holders of two-thirds (2/3) of the outstanding shares of common stock of </font><font style="font-family:'Times New Roman'; font-size:12pt">this Corporation</font><font style="font-family:'Times New Roman'; font-size:12pt"> entitled to vote shall be required to approve, adopt or authorize:</font></a></p>
            <p style="margin:0pt 0pt 12pt 72pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">A.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0; </font><a name="_Ref357163422"><font style="font-family:'Times New Roman'; font-size:12pt">Any agreement for the merger, conso</font><font style="font-family:'Times New Roman'; font-size:12pt">lidation, amalgamation or combination of </font><font style="font-family:'Times New Roman'; font-size:12pt">this Corporation</font><font style="font-family:'Times New Roman'; font-size:12pt"> with or into any other </font><font style="font-family:'Times New Roman'; font-size:12pt">any person, firm, corporation or other entity </font><font style="font-family:'Times New Roman'; font-size:12pt">which is an Interested Stockholder (as hereafter defined);</font></a></p>
            <p style="margin:0pt 0pt 12pt 72pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">B.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">Any sale, lease, exchange or other disposition to or with </font><font style="font-family:'Times New Roman'; font-size:12pt">this Corpora</font><font style="font-family:'Times New Roman'; font-size:12pt">tion</font><font style="font-family:'Times New Roman'; font-size:12pt"> of any assets of any Interested Stockholder;</font></p>
            <p style="margin:0pt 0pt 12pt 72pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">C.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">Any sale, lease, exchange or other disposition by </font><font style="font-family:'Times New Roman'; font-size:12pt">this Corporation</font><font style="font-family:'Times New Roman'; font-size:12pt"> of all or substantially all of the assets of </font><font style="font-family:'Times New Roman'; font-size:12pt">this Corporation</font><font style="font-family:'Times New Roman'; font-size:12pt"> to or with an Interested Stockholder;</font></p>
            <p style="margin:0pt 0pt 12pt 72pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">D.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">Any plan or proposal for liquidation or</font><font style="font-family:'Times New Roman'; font-size:12pt"> dissolution of </font><font style="font-family:'Times New Roman'; font-size:12pt">this Corporation</font><font style="font-family:'Times New Roman'; font-size:12pt"> if any </font><font style="font-family:'Times New Roman'; font-size:12pt">s</font><font style="font-family:'Times New Roman'; font-size:12pt">hareholder of </font><font style="font-family:'Times New Roman'; font-size:12pt">this Corporation</font><font style="font-family:'Times New Roman'; font-size:12pt"> is an Interested Stockholder; or</font></p>
            <p style="margin:0pt 0pt 12pt 72pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">E.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0; </font><a name="_Ref357163434"><font style="font-family:'Times New Roman'; font-size:12pt">Any reclassification of securities (including any reverse stock split) or recapitalization of </font><font style="font-family:'Times New Roman'; font-size:12pt">this Corporation</font><font style="font-family:'Times New Roman'; font-size:12pt"> which has the effect, directly or</font></a><a name="EDGAR_PAGE_END4"></a></p>
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            <p style="margin:0pt 0pt 12pt 72pt; "><font style="font-family:'Times New Roman'; font-size:12pt"> </font><a name="EDGAR_PAGE_START5"></a><font style="font-family:'Times New Roman'; font-size:12pt">indire</font><font style="font-family:'Times New Roman'; font-size:12pt">ctly, of increasing the proportionate share of the outstanding shares of any class of stock or convertible securities of </font><font style="font-family:'Times New Roman'; font-size:12pt">this Corporation</font><font style="font-family:'Times New Roman'; font-size:12pt">, directly or indirectly owned by an Interested Stockholder.</font></p>
            <p style="margin:0pt 0pt 12pt 36pt"><font style="font-family:'Times New Roman'; font-size:12pt">As used herein, Interested Stockholder shall mean any pers</font><font style="font-family:'Times New Roman'; font-size:12pt">on, firm,</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">corporation or other entity which, as of the record</font><font style="font-family:'Times New Roman'; font-size:12pt"> date for the determination of s</font><font style="font-family:'Times New Roman'; font-size:12pt">hareholders entitled to notice of and to vote on any of the above transactions, is the beneficial owner, directly or indirectly, of more than five percent (5%) of </font><font style="font-family:'Times New Roman'; font-size:12pt">the voting power of </font><font style="font-family:'Times New Roman'; font-size:12pt">any class of </font><font style="font-family:'Times New Roman'; font-size:12pt">outstanding </font><font style="font-family:'Times New Roman'; font-size:12pt">voting s</font><font style="font-family:'Times New Roman'; font-size:12pt">hare</font><font style="font-family:'Times New Roman'; font-size:12pt">s</font><font style="font-family:'Times New Roman'; font-size:12pt"> of </font><font style="font-family:'Times New Roman'; font-size:12pt">this Corporation</font><font style="font-family:'Times New Roman'; font-size:12pt">. For the purposes hereof, any person, firm, corporation or other entity </font><font style="font-family:'Times New Roman'; font-size:12pt">will</font><font style="font-family:'Times New Roman'; font-size:12pt"> be deemed to be the beneficial owner of </font><font style="font-family:'Times New Roman'; font-size:12pt">outstanding voting shares of this Corporation in which </font><font style="font-family:'Times New Roman'; font-size:12pt">(i) i</font><font style="font-family:'Times New Roman'; font-size:12pt">t has the right to acquire pursuant to any agreement or upon exercise of</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">conversion rights, warrants or options, or otherwise, </font><font style="font-family:'Times New Roman'; font-size:12pt">(ii) i</font><font style="font-family:'Times New Roman'; font-size:12pt">nvestment power over the shares, including, without limitation, the power to dispose, or to direct the disposition, of the </font><font style="font-family:'Times New Roman'; font-size:12pt">shares, </font><font style="font-family:'Times New Roman'; font-size:12pt">or (</font><font style="font-family:'Times New Roman'; font-size:12pt">i</font><font style="font-family:'Times New Roman'; font-size:12pt">ii) are owned,</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">directly or indirectly (including shares deemed owned through the application of clause (i) above), by any other person, firm, corporation or other entity with which it has any agreement, arrangement or understanding</font><font style="font-family:'Times New Roman'; font-size:12pt">, w</font><font style="font-family:'Times New Roman'; font-size:12pt">hether or</font><font style="font-family:'Times New Roman'; font-size:12pt"> not in writing,</font><font style="font-family:'Times New Roman'; font-size:12pt"> with respect to the acquisition, holding, voting or disposition of </font><font style="font-family:'Times New Roman'; font-size:12pt">voting </font><font style="font-family:'Times New Roman'; font-size:12pt">stock of </font><font style="font-family:'Times New Roman'; font-size:12pt">this Corporation</font><font style="font-family:'Times New Roman'; font-size:12pt">, or which is its &quot;affiliate&quot; or &quot;associate&quot; as those terms are defined in the Rules and Regulations under the Securities Exchange Act of 19</font><font style="font-family:'Times New Roman'; font-size:12pt">34, as amended.</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font></p>
            <p style="margin:0pt 0pt 12pt 36pt"><font style="font-family:'Times New Roman'; font-size:12pt">The </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> of </font><font style="font-family:'Times New Roman'; font-size:12pt">this Corporation</font><font style="font-family:'Times New Roman'; font-size:12pt"> shall have the power and duly, by resolution adopted by the affirmative vote of a majority of the whole </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">, to determine (and such determination shall be conclusive) for the purpos</font><font style="font-family:'Times New Roman'; font-size:12pt">es of </font><font style="font-family:'Times New Roman'; font-size:12pt">this Article</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">10</font><font style="font-family:'Times New Roman'; font-size:12pt">, on the basis of information known to it, whether (i) any person, firm, corporation or other entity is the beneficial owner, directly or indi</font><font style="font-family:'Times New Roman'; font-size:12pt">rectly, of more than five percent (5%) of any class of voting stock of </font><font style="font-family:'Times New Roman'; font-size:12pt">this Corporation</font><font style="font-family:'Times New Roman'; font-size:12pt">, (ii) any proposed sale, lease, exchange or other disposition involves all or substantially all of the assets of </font><font style="font-family:'Times New Roman'; font-size:12pt">this Corporation</font><font style="font-family:'Times New Roman'; font-size:12pt">, or (iii) any person, firm, corporatio</font><font style="font-family:'Times New Roman'; font-size:12pt">n or other entity has any agreement, arrangement or understanding with respect to the acquisition, holding, voting or disposition of </font><font style="font-family:'Times New Roman'; font-size:12pt">voting </font><font style="font-family:'Times New Roman'; font-size:12pt">stock of </font><font style="font-family:'Times New Roman'; font-size:12pt">this Corporation</font><font style="font-family:'Times New Roman'; font-size:12pt"> with any other person, firm, corporation or other entity.</font></p>
            <p style="margin:0pt 0pt 12pt 36pt"><font style="font-family:'Times New Roman'; font-size:12pt">Notwithstanding any other provis</font><font style="font-family:'Times New Roman'; font-size:12pt">ion of these Articles of Incorporation, the affirmative vote of the holders of two-thirds </font><font style="font-family:'Times New Roman'; font-size:12pt">(2/3</font><font style="font-family:'Times New Roman'; font-size:8pt; vertical-align:super">rds</font><font style="font-family:'Times New Roman'; font-size:12pt">) </font><font style="font-family:'Times New Roman'; font-size:12pt"> of the outstanding</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">shares of common stock of </font><font style="font-family:'Times New Roman'; font-size:12pt">this Corporation</font><font style="font-family:'Times New Roman'; font-size:12pt"> entitled to vote shall be required to amend, alter, change or repeal, or to adopt any provisio</font><font style="font-family:'Times New Roman'; font-size:12pt">n inconsistent with,</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">this Article</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">10</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font></p>
            <p style="margin:0pt 0pt 12pt 36pt"><font style="font-family:'Times New Roman'; font-size:12pt">The respective two-thirds </font><font style="font-family:'Times New Roman'; font-size:12pt">(2/3</font><font style="font-family:'Times New Roman'; font-size:8pt; vertical-align:super">rds</font><font style="font-family:'Times New Roman'; font-size:12pt">) </font><font style="font-family:'Times New Roman'; font-size:12pt">voting requirements specified above for any of the transactions referred to in</font><font style="font-family:'Times New Roman'; font-size:12pt"> any one or m</font><font style="font-family:'Times New Roman'; font-size:12pt">ore of paragraphs </font><font style="font-family:'Times New Roman'; font-size:12pt">10.A</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">through</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">10.E above</font><font style="font-family:'Times New Roman'; font-size:12pt">, or to amend, alter, change or repeal, or to adopt any provision inconsistent</font><font style="font-family:'Times New Roman'; font-size:12pt"> with, </font><font style="font-family:'Times New Roman'; font-size:12pt">this Article</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">10</font><font style="font-family:'Times New Roman'; font-size:12pt">, shall not be applicable to a proposed action which has been approved or recommended by majority of the Disinterested </font><font style="font-family:'Times New Roman'; font-size:12pt">directors</font><font style="font-family:'Times New Roman'; font-size:12pt">. As used here</font><font style="font-family:'Times New Roman'; font-size:12pt">in, a &quot;Disinterested Director&quot; means (i) any Director of the </font><font style="font-family:'Times New Roman'; font-size:12pt">C</font><font style="font-family:'Times New Roman'; font-size:12pt">orporation who was a Director as of July 24, 1988, or (ii)</font><font style="font-family:'Times New Roman'; font-size:12pt"> was thereafter elected by the s</font><font style="font-family:'Times New Roman'; font-size:12pt">hareholders or appointed by the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> of </font><font style="font-family:'Times New Roman'; font-size:12pt">this Corporation</font><font style="font-family:'Times New Roman'; font-size:12pt"> and was</font><a name="EDGAR_PAGE_END5"></a></p>
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            <p style="margin:0pt 0pt 12pt 36pt"><font style="font-family:'Times New Roman'; font-size:12pt"> </font><a name="EDGAR_PAGE_START6"></a><font style="font-family:'Times New Roman'; font-size:12pt">not at the time of such e</font><font style="font-family:'Times New Roman'; font-size:12pt">lection or appointment associated with or an affiliate of an Interested Stockholder directly or indirectly</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">involved in the transaction or proposal before the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">, or (iii) a person designated, before his election or appointment as a Director</font><font style="font-family:'Times New Roman'; font-size:12pt">, as a Disinterested Director by a majority of Disinterested </font><font style="font-family:'Times New Roman'; font-size:12pt">directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> then on the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font></p>
            <p style="margin:0pt 0pt 12pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">11.</font><font style="font:7.0pt 'Times New Roman'">&#xa0; </font><a name="_Ref357163638"><font style="font-family:'Times New Roman'; font-size:12pt">Stockholder action by written consent is prohibited. This Article </font><font style="font-family:'Times New Roman'; font-size:12pt">11</font><font style="font-family:'Times New Roman'; font-size:12pt"> may be amended only by the affirmative vote of two-thirds </font><font style="font-family:'Times New Roman'; font-size:12pt">(2/3</font><font style="font-family:'Times New Roman'; font-size:8pt; vertical-align:super">rds</font><font style="font-family:'Times New Roman'; font-size:12pt">)&#160; </font><font style="font-family:'Times New Roman'; font-size:12pt">of all of the outstanding shares of common stock of the Corporation entitled to vote, which vote must be by ballot at a duly constituted meeting of the </font><font style="font-family:'Times New Roman'; font-size:12pt">shareholder</font><font style="font-family:'Times New Roman'; font-size:12pt">s, the notice of</font><font style="font-family:'Times New Roman'; font-size:12pt"> which meeting must include the proposed amendment.</font></a></p>
            <p style="margin:0pt 0pt 12pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">12.</font><font style="font:7.0pt 'Times New Roman'">&#xa0; </font><a name="_Ref357164572"><font style="font-family:'Times New Roman'; font-size:12pt">Indemnification:</font></a></p>
            <p style="margin:0pt 0pt 12pt 72pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">A.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">The Corporation must indemnify and hold harmless, to the fullest extent permitted </font><font style="font-family:'Times New Roman'; font-size:12pt">or authorized </font><font style="font-family:'Times New Roman'; font-size:12pt">by applicable law as it presently exists or may hereafter be amended, any person (a </font><font style="font-family:'Times New Roman'; font-size:12pt">&#8220;Covered Person&#8221;) who was or is made or is threatened to be made a party or is otherwise involved in any action, suit or proceeding, whether civil, criminal, administrative or investigative (a &#8220;</font><font style="font-family:'Times New Roman'; font-size:12pt">Covered Action</font><font style="font-family:'Times New Roman'; font-size:12pt">&#8221;), by reason of the fact that he or she, or a p</font><font style="font-family:'Times New Roman'; font-size:12pt">erson for whom he or she is legal representative, is or was a Director</font><font style="font-family:'Times New Roman'; font-size:12pt">,</font><font style="font-family:'Times New Roman'; font-size:12pt"> officer</font><font style="font-family:'Times New Roman'; font-size:12pt">, employee or agent</font><font style="font-family:'Times New Roman'; font-size:12pt"> of the Corporation or is or was serving at the request of the Corporation as a Director, officer, employee or agent of another corporation or of a partnershi</font><font style="font-family:'Times New Roman'; font-size:12pt">p, joint venture, trust, enterprise or nonprofit entity (a &#8220;</font><font style="font-family:'Times New Roman'; font-size:12pt">Covered Entity</font><font style="font-family:'Times New Roman'; font-size:12pt">&#8221;), including service with respect to employee benefit plans, against all </font><font style="font-family:'Times New Roman'; font-size:12pt">expenses, including attorney</font><font style="font-family:'Times New Roman'; font-size:12pt">&#8217;</font><font style="font-family:'Times New Roman'; font-size:12pt">s fees, judgments, fines and amounts paid in settlement actually and </font><font style="font-family:'Times New Roman'; font-size:12pt">reasonably</font><font style="font-family:'Times New Roman'; font-size:12pt"> incurred by such Covered Person</font><font style="font-family:'Times New Roman'; font-size:12pt">, so long as such covered person</font><font style="font-family:'Times New Roman'; font-size:12pt"> (a)</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">is not liable pursuant to</font><font style="font-family:'Times New Roman'; font-size:12pt"> N</font><font style="font-family:'Times New Roman'; font-size:12pt">RS 78.138 or (b) acted in good faith and in a manner which he or she reasonably believed to be in or not oppose</font><font style="font-family:'Times New Roman'; font-size:12pt">d to the best interests of the C</font><font style="font-family:'Times New Roman'; font-size:12pt">orporation, and, </font><font style="font-family:'Times New Roman'; font-size:12pt">with respect to any criminal action or proceeding, had no reasonable cause to believe the conduct was unlawful.&#160; The termination of any action, suit or proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere or its equivalen</font><font style="font-family:'Times New Roman'; font-size:12pt">t, does not, of itself, create a presumption that the person is liable pursuant to NRS 78.138 or did not act in good faith and in a manner which he or she reasonably believed to be in or not oppose</font><font style="font-family:'Times New Roman'; font-size:12pt">d to the best interests of the C</font><font style="font-family:'Times New Roman'; font-size:12pt">orporation, or that, with r</font><font style="font-family:'Times New Roman'; font-size:12pt">espect to any criminal action or proceeding, he or she had reasonable cause to believe that the conduct was unlawful.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#160; </font></p>
            <p style="margin:0pt 0pt 12pt 54pt"><font style="font-family:'Times New Roman'; font-size:12pt">Notwithstanding the foregoing, indemnification may not be made for any claim, issue or matter as to which such a person has been adjudged by a court of competent jurisdiction, after exhaustion of all appeals therefrom, to be liable to the Corporation or fo</font><font style="font-family:'Times New Roman'; font-size:12pt">r amounts paid in settlement to the Corporation, unless and only to the extent that the court in which the action or suit was brought or other court of competent jurisdiction determines upon application</font><a name="EDGAR_PAGE_END6"></a></p>
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            <p style="margin:0pt 0pt 12pt 54pt"><font style="font-family:'Times New Roman'; font-size:12pt"> </font><a name="EDGAR_PAGE_START7"></a><font style="font-family:'Times New Roman'; font-size:12pt">that in view of all the circumstances of the case, th</font><font style="font-family:'Times New Roman'; font-size:12pt">e person is fairly and reasonably entitled to indemnity for such expenses as the court deems proper.</font></p>
            <p style="margin:0pt 0pt 12pt 54pt"><font style="font-family:'Times New Roman'; font-size:12pt">Notwithstanding the </font><font style="font-family:'Times New Roman'; font-size:12pt">foregoing</font><font style="font-family:'Times New Roman'; font-size:12pt">, the Corporation shall</font><font style="font-family:'Times New Roman'; font-size:12pt"> only</font><font style="font-family:'Times New Roman'; font-size:12pt"> be required to indemnify a Covered Person in connection with a Covered Action (or part thereof) c</font><font style="font-family:'Times New Roman'; font-size:12pt">ommenced by such Covered Person if the commencement of such </font><font style="font-family:'Times New Roman'; font-size:12pt">Covered Action</font><font style="font-family:'Times New Roman'; font-size:12pt"> (or part thereof) by the Covered Person was authori</font><font style="font-family:'Times New Roman'; font-size:12pt">zed by the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font></p>
            <p style="margin:0pt 0pt 12pt 72pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">B.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">The Corporation shall pay the expenses (including attorneys&#8217; fees) incurred by a </font><font style="font-family:'Times New Roman'; font-size:12pt">Director or office</font><font style="font-family:'Times New Roman'; font-size:12pt">r</font><font style="font-family:'Times New Roman'; font-size:12pt"> in defending any Covered Action</font><font style="font-family:'Times New Roman'; font-size:12pt"> as they are incurred and </font><font style="font-family:'Times New Roman'; font-size:12pt">in ad</font><font style="font-family:'Times New Roman'; font-size:12pt">vance of its final disposition so long as such Director or officer provides </font><font style="font-family:'Times New Roman'; font-size:12pt">an undertaking to repay all amounts advanced if it should be ultimately determined that </font><font style="font-family:'Times New Roman'; font-size:12pt">such Director or officer</font><font style="font-family:'Times New Roman'; font-size:12pt"> is </font><font style="font-family:'Times New Roman'; font-size:12pt">not entitled to be indemnified under </font><font style="font-family:'Times New Roman'; font-size:12pt">this Article</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">12</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">or otherwise.</font></p>
            <p style="margin:0pt 0pt 12pt 72pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">C.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">If a claim for indemnification or advancement of expenses under this Article </font><font style="font-family:'Times New Roman'; font-size:12pt">12</font><font style="font-family:'Times New Roman'; font-size:12pt"> is not paid in fu</font><font style="font-family:'Times New Roman'; font-size:12pt">ll within 30 days after a written claim therefor by the Covered Person has been received by the Corporation, the Covered Person may file suit to recover the unpaid amount of such claim and, if successful in whole or in part, shall be entitled to be paid th</font><font style="font-family:'Times New Roman'; font-size:12pt">e expense of prosecuting such claim.&#160; In any such action the Corporation shall have the burden of proving that the Covered Person is not entitled to the requested indemnification or advancement of expenses under applicable law.</font></p>
            <p style="margin:0pt 0pt 12pt 72pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">D.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">The rights conferred on any Covered Person by this Article </font><font style="font-family:'Times New Roman'; font-size:12pt">12</font><font style="font-family:'Times New Roman'; font-size:12pt"> shall not be exclusive of any other rights that such Covered Person may have or hereafter acquire und</font><font style="font-family:'Times New Roman'; font-size:12pt">er any statute, provision of the</font><font style="font-family:'Times New Roman'; font-size:12pt">se</font><font style="font-family:'Times New Roman'; font-size:12pt"> Articles of Incorporation, </font><font style="font-family:'Times New Roman'; font-size:12pt">the By-Laws</font><font style="font-family:'Times New Roman'; font-size:12pt">, agreement, vote of shareholders or disinterested </font><font style="font-family:'Times New Roman'; font-size:12pt">directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> or otherwise. This Article </font><font style="font-family:'Times New Roman'; font-size:12pt">12</font><font style="font-family:'Times New Roman'; font-size:12pt"> shall not limit the right of the Corporation, to the extent and in the manner permitted by law, to indemnify and to advance expenses to persons other than Covered Persons when and as authorized by appropriate corporate action.</font></p>
            <p style="margin:0pt 0pt 12pt 72pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">E.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0; </font><a name="_Ref357164551"><font style="font-family:'Times New Roman'; font-size:12pt">The Corporation&#8217;s obligation</font><font style="font-family:'Times New Roman'; font-size:12pt">, if any, to indemnify or to advance expenses to any Covered Person who was or is serving at its request as a Director, officer, employee or agent of </font><font style="font-family:'Times New Roman'; font-size:12pt">a Covered Entity</font><font style="font-family:'Times New Roman'; font-size:12pt"> shall be reduced by any amount such Covered Person may collect as indemnification or adva</font><font style="font-family:'Times New Roman'; font-size:12pt">ncement of expenses from such </font><font style="font-family:'Times New Roman'; font-size:12pt">Covered Entity</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font></a></p>
            <p style="margin:0pt 0pt 12pt 72pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">F.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">Any repeal or modification of the foregoing provisions of this Article</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">12</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">shall not adversely affect any right or pro</font><font style="font-family:'Times New Roman'; font-size:12pt">tection hereunder of any Covered Person in respect of any act or omission occurring prior to the time of such repeal or modification.</font></p>
            <p style="margin:0pt 0pt 12pt 72pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">G.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">In furtherance and not in limitation of any powers conferred by statute:</font><a name="EDGAR_PAGE_END7"></a></p>
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            <p style="margin:0pt 0pt 12pt 108pt; text-indent:-20.33pt"><font style="font-family:'Times New Roman'; font-size:12pt">(i)</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><a name="EDGAR_PAGE_START8"></a><font style="font-family:'Times New Roman'; font-size:12pt">The </font><font style="font-family:'Times New Roman'; font-size:12pt">C</font><font style="font-family:'Times New Roman'; font-size:12pt">orporation may purchase and maintain insuran</font><font style="font-family:'Times New Roman'; font-size:12pt">ce on behalf of any person who is or was a Director, officer, employee or agent of the </font><font style="font-family:'Times New Roman'; font-size:12pt">C</font><font style="font-family:'Times New Roman'; font-size:12pt">orporation, or is serving in any capacity, at the request of the </font><font style="font-family:'Times New Roman'; font-size:12pt">C</font><font style="font-family:'Times New Roman'; font-size:12pt">orporation, any other corporation, partnership, joint venture, trust, employee benefit plan or other e</font><font style="font-family:'Times New Roman'; font-size:12pt">nterprise, against any liability or expense incurred by him or her in any such capacity, or arising out of his or her status as such, whether or not the </font><font style="font-family:'Times New Roman'; font-size:12pt">C</font><font style="font-family:'Times New Roman'; font-size:12pt">orporation would have the power to indemnify him or her against such liability or expense under the pr</font><font style="font-family:'Times New Roman'; font-size:12pt">ovisions of law; and</font></p>
            <p style="margin:0pt 0pt 12pt 108pt; text-indent:-23.66pt"><font style="font-family:'Times New Roman'; font-size:12pt">(ii)</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">The </font><font style="font-family:'Times New Roman'; font-size:12pt">C</font><font style="font-family:'Times New Roman'; font-size:12pt">orporation may create a trust fund, grant a security interest or lien on any assets of the corporation and/or use other means (including, without limitation, letters of credit, guaranties, surety bonds and/or other similar arrange</font><font style="font-family:'Times New Roman'; font-size:12pt">ments), and enter into contracts providing indemnification to the full extent authorized or permitted by law and including as part thereof provisions with respect to any or all of the foregoing to ensure the payment of such amounts as may become necessary </font><font style="font-family:'Times New Roman'; font-size:12pt">to effect indemnification as provided therein, or elsewhere.</font></p>
            <p style="margin:0pt 0pt 12pt 108pt; text-indent:-26.99pt"><font style="font-family:'Times New Roman'; font-size:12pt">(iii)</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">The </font><font style="font-family:'Times New Roman'; font-size:12pt">C</font><font style="font-family:'Times New Roman'; font-size:12pt">orporation may, as determined appropriate by the Board of directors, enter into any agreements, contracts or arrangements, including indemnification agreements, with directors and officers o</font><font style="font-family:'Times New Roman'; font-size:12pt">f the </font><font style="font-family:'Times New Roman'; font-size:12pt">C</font><font style="font-family:'Times New Roman'; font-size:12pt">orporation, in furtherance of this Article 12.&#160; </font></p>
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            <p style="margin:0pt; text-indent:36pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">T</font><font style="font-family:'Times New Roman'; font-size:12pt">he undersigned </font><font style="font-family:'Times New Roman'; font-size:12pt">certifies that he is the Chairman and President of AMERCO, a Nevada corporation, and further that the Board of Directors of the Corporation, by resolution dated June 5, 2013, and the </font><font style="font-family:'Times New Roman'; font-size:12pt">stockholders of the Corporation at their meeting dated August 29, 2013, authorized the</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">foregoing </font><font style="font-family:'Times New Roman'; font-size:12pt">Articles of Incorporation.</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">DATED:&#160; August 29, 2013.</font></p>
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            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt">AMERCO</font><font style="font-family:'Times New Roman'; font-size:12pt">, a Nevada corporation</font></p>
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            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt">By: _______________________________________</font></p>
            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt">Edward J. Shoen, President </font></p>
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<DOCUMENT>
<TYPE>EX-3.2
<SEQUENCE>3
<FILENAME>exhibit32.htm
<DESCRIPTION>RESTATED BYLAWS OF AMERCO
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            <p style="margin:0pt; text-align:right"><a name="EDGAR_PAGE_START1"></a><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">RESTATED BYLAWS</font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold"> </font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">OF</font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold"> </font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">AMERCO</font></p>
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            <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">a</font><font style="font-family:'Times New Roman'; font-size:12pt"> Nevada Corporation</font></p>
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            <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">Dated as of </font><font style="font-family:'Times New Roman'; font-size:12pt">September 4</font><font style="font-family:'Times New Roman'; font-size:12pt">, 2013</font></p>
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            <h1 style="margin:12pt 0pt 0pt 201.6pt; text-indent:0pt; page-break-inside:avoid; page-break-after:avoid; font-weight:normal"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:normal; font-style:normal; font-variant:normal; text-decoration:none; text-transform:none; vertical-align:baseline; display:inline">Article I.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></h1>
            <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">OFFICES</font></p>
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            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">1.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Offices</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">The principal office and registered office of the corporation shall be located in the State of Nevada at such locations as the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> may from time to time authorize by resolution.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">The corporation may have such other offices either within or without the State of Nevada as the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> may designate or as the business of the corporation may require from time to time.</font></p>
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            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">2.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Referen</font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">ces</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">Any reference herein made to law will be deemed to refer to the law of the State of Nevada, including any applicable provisions of </font><font style="font-family:'Times New Roman'; font-size:12pt">the </font><font style="font-family:'Times New Roman'; font-size:12pt">Nevada Revised Statutes</font><font style="font-family:'Times New Roman'; font-size:12pt">, as at any given time in effect.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Any reference herein made to the </font><font style="font-family:'Times New Roman'; font-size:12pt">&#8220;</font><font style="font-family:'Times New Roman'; font-size:12pt">Articles</font><font style="font-family:'Times New Roman'; font-size:12pt"> of Incorporat</font><font style="font-family:'Times New Roman'; font-size:12pt">ion</font><font style="font-family:'Times New Roman'; font-size:12pt">&#8221;</font><font style="font-family:'Times New Roman'; font-size:12pt"> will be deemed to refer to the applicable provision or provisions of the Articles of Incorporation of the corporation, and all amendments thereto, as at any given time on file with the office of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Secretary of State of </font><font style="font-family:'Times New Roman'; font-size:12pt">Nevada.</font></p>
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            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">3.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Shareholders of </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Record</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt">The word &#8220;shareholder&#8221; as used herein shall mean any person whose name appears on the stock ledger of the </font><font style="font-family:'Times New Roman'; font-size:12pt">C</font><font style="font-family:'Times New Roman'; font-size:12pt">orporation.</font></p>
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            <h1 style="margin:12pt 0pt 0pt; text-indent:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid; font-weight:normal"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:normal; font-style:normal; font-variant:normal; text-decoration:none; text-transform:none; vertical-align:baseline; display:inline">Article II.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><br /><a name="_Ref357167176"><font style="font-family:'Times New Roman'; font-size:12pt">SHAREHOLDERS</font></a></h1>
            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">1.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Annual Meeting</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">A meeting of </font><font style="font-family:'Times New Roman'; font-size:12pt">s</font><font style="font-family:'Times New Roman'; font-size:12pt">hareholders shall be held annually for the election of </font><font style="font-family:'Times New Roman'; font-size:12pt">directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> at such date and time as may be designated by resolution of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> from time to time.&#160; Any other business may be transacted at the annual meeting. The annual meeting shall be held within a reasonable interval after close of the fiscal year</font><font style="font-family:'Times New Roman'; font-size:12pt"> so that the information in the annual report is relatively timely, on a date and at a time of day and place as determined by the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font></p>
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            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">2.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><a name="EDGAR_PAGE_START2"></a><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Special Meetings</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt; text-indent:36pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">a.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Special meetings of the shareholders may be held whenever and where</font><font style="font-family:'Times New Roman'; font-size:12pt">ver called by the Chairman of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">, a majority of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">, or upon the delivery of proper written request of the holders of not less than fifty percent (50%) of all the shares outstanding and entitled to vote at such meetin</font><font style="font-family:'Times New Roman'; font-size:12pt">g.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">The business which may be conducted at any such special meeting will be confined to the purpose stated in the notice thereof, and to </font><font style="font-family:'Times New Roman'; font-size:12pt">such additional matters as the</font><font style="font-family:'Times New Roman'; font-size:12pt"> chairman of the meeting </font><font style="font-family:'Times New Roman'; font-size:12pt">may rule to be germane to such purposes.</font></p>
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            <p style="margin:0pt; text-indent:36pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">b.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">For purp</font><font style="font-family:'Times New Roman'; font-size:12pt">oses of this Section, proper written request for the call of a special meeting shall be made by a written request specifying the purposes for any special meeting requested and providing the i</font><font style="font-family:'Times New Roman'; font-size:12pt">nformation required by Section </font><font style="font-family:'Times New Roman'; font-size:12pt">5</font><font style="font-family:'Times New Roman'; font-size:12pt"> hereof.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Such written request must be delivered either in person or by registered or certified mail, return receipt requested, to the Chairman of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">, or such other person </font><font style="font-family:'Times New Roman'; font-size:12pt">as may be specifically authorized by law to receive such request.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Within thirty (30) days after receipt of proper written request, a special meeting shall be called and notice given in the manner required by these By-Laws and the meeting shall be held at </font><font style="font-family:'Times New Roman'; font-size:12pt">a time and place selected by the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">, but not later than ninety (90) days after receipt of such proper written request.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">The shareholder(s) who request a special meeting of shareholders must pay the corporation the corporation&#8217;s reasonably e</font><font style="font-family:'Times New Roman'; font-size:12pt">stimated cost of preparing and mailing a notice of a meeting of shareholders before such notice is prepared and mailed.</font></p>
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            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">3.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Notice</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">Notice of any meeting of the shareholders will be given by the corporation as provided by law to each shareholder entitled to</font><font style="font-family:'Times New Roman'; font-size:12pt"> vote at such meeting.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">A copy of the notice must be delivered personally, mailed postage prepaid or delivered by electronic transmission, to each stockholder of record entitled to vote at the meeting not less than 10 nor more than 60 days before the meeti</font><font style="font-family:'Times New Roman'; font-size:12pt">ng. If mailed, it must be directed to the shareholder at his or her address as it appears upon the records of the Company</font><font style="font-family:'Times New Roman'; font-size:12pt"> or its transfer agent</font><font style="font-family:'Times New Roman'; font-size:12pt">. Personal delivery of any such notice to any officer of a corporation or association, to any member of a limited</font><font style="font-family:'Times New Roman'; font-size:12pt">-liability company managed by its members, to any manager of a limited-liability company managed by managers, to any general partner of a partnership or to any trustee of a trust constitutes delivery of the notice to the corporation, association, limited-l</font><font style="font-family:'Times New Roman'; font-size:12pt">iability company, partnership or trust.</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">Any such notice may be waived as provided by law.</font></p>
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            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">4.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Right to Vote:</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">For each meeting of the shareholders, the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> will fix in advance a record date as contemplated by law, and the shares of stock and </font><font style="font-family:'Times New Roman'; font-size:12pt">the shareholders &#8220;entitled to vote&#8221; (as that or any similar term is herein used) at any meeting of the shareholders will be determined as of the applicable record date.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">The Secretary (or in his or her absence an Assistant Secretary) will see to the making</font><font style="font-family:'Times New Roman'; font-size:12pt"> and production of any record of shareholders entitled to vote that is required by law.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Any such entitlement may be exercised through</font><a name="EDGAR_PAGE_END2"></a></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt"> </font><a name="EDGAR_PAGE_START3"></a><font style="font-family:'Times New Roman'; font-size:12pt">proxy, or in such other manner as is specifically provided by law.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Unless a proxy is deemed irrevocable under applicable</font><font style="font-family:'Times New Roman'; font-size:12pt"> law, no proxy is valid after the expiration of 6 months from the date of its creation unless the stockholder specifies in it the length of time for which it is to continue in force, which may not exceed 7 years from the date of its creation. </font><font style="font-family:'Times New Roman'; font-size:12pt">In the event </font><font style="font-family:'Times New Roman'; font-size:12pt">of contest, the burden of proving the validity of any undated, irrevocable, or otherwise contested proxy will rest with the person seeking to exercise the same.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">An electronic transmission creating a proxy transmitted by a stockholder, or by a person or pe</font><font style="font-family:'Times New Roman'; font-size:12pt">rsons authorized to act for a stockholder, shall be deemed to be effective for purposes of this Section</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font></p>
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            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">5.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><a name="_Ref357167295"><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Manner of Bringing Business Before the Meeting</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></a></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">At any annual or special meeting of shareholders only such business (including nomination as a </font><font style="font-family:'Times New Roman'; font-size:12pt">director</font><font style="font-family:'Times New Roman'; font-size:12pt">) shall be conducted as shall have been properly brought before the meeting.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">In order to be properly brought before the meeting, such business must be a proper subject for </font><font style="font-family:'Times New Roman'; font-size:12pt">shareholder</font><font style="font-family:'Times New Roman'; font-size:12pt"> action under Nevada law and must have either been (A) specified in the written notice of the meeting (or any supplement thereto) given to shareholders on the record date for such meeting by or at the direction of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">, (B) brought before</font><font style="font-family:'Times New Roman'; font-size:12pt"> the meeting at the direction of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> or the </font><font style="font-family:'Times New Roman'; font-size:12pt">chairman of the meeting</font><font style="font-family:'Times New Roman'; font-size:12pt">, selected as provided in Section </font><font style="font-family:'Times New Roman'; font-size:12pt">9</font><font style="font-family:'Times New Roman'; font-size:12pt"> of this</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">Article II</font><font style="font-family:'Times New Roman'; font-size:12pt">, or (C) specified in a written notice given by or on behalf of a shareholder on the record date for such meeting entitled to vote thereat or a duly autho</font><font style="font-family:'Times New Roman'; font-size:12pt">rized proxy for such shareholder, in accordance with the following requirements.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">A notice referred to in clause (C) hereof must be delivered personally to, or mailed to and received at, the principal executive office of the corporation, addressed to the a</font><font style="font-family:'Times New Roman'; font-size:12pt">ttention of the Secretary, not more than ten (10) days after the date of the initial notice referred to in clause (A) hereof, in the case of business to be brought before a special meeting of shareholders, and not less than one hundred and twenty (120) day</font><font style="font-family:'Times New Roman'; font-size:12pt">s prior to the anniversary date of the initial notice referred to in clause (A) hereof with respect to the previous year&#8217;s annual meeting, in the case of business to be brought before an annual meeting of shareholders.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Such notice referred to in clause (C</font><font style="font-family:'Times New Roman'; font-size:12pt">) hereof shall set forth (i) a full description of each such item of business proposed to be brought before the meeting and the reasons for conducting such business at such meeting, (ii) the name and address of the person proposing to bring such business b</font><font style="font-family:'Times New Roman'; font-size:12pt">efore the meeting, (iii) the class and number of shares held of record, held beneficially, and represented by proxy by such person as of the record date for the meeting, if such date has been made publicly available, or as of a date not later than thirty (</font><font style="font-family:'Times New Roman'; font-size:12pt">30) days prior to the delivery of the initial notice referred to in clause (A) hereof, if the record date has not been made publicly available, (iv) if any item of such business involves a nomination for </font><font style="font-family:'Times New Roman'; font-size:12pt">director</font><font style="font-family:'Times New Roman'; font-size:12pt">, all information regarding each such nomine</font><font style="font-family:'Times New Roman'; font-size:12pt">e that would be required to be set forth in a definitive proxy statement filed with the Securities and Exchange Commission pursuant to Section 14 of the Securities Exchange Act of 1934, as amended, or any successor thereto, and the written consent of each </font><font style="font-family:'Times New Roman'; font-size:12pt">such nominee to serve if elected, (v) any material interest of such shareholder in the specified business, (vi) whether or not such shareholder is a member of any partnership, limited partnership, syndicate, or other group pursuant to any agreement, arrang</font><font style="font-family:'Times New Roman'; font-size:12pt">ement, relationship,</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">understanding, or otherwise, whether or not in writing, organized in whole or in part for the purpose of</font><a name="EDGAR_PAGE_END3"></a></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt"> </font><a name="EDGAR_PAGE_START4"></a><font style="font-family:'Times New Roman'; font-size:12pt">acquiring, owning, or voting shares of the corporation, and (vii) all other information that would be required to be filed w</font><font style="font-family:'Times New Roman'; font-size:12pt">ith the Securities and Exchange Commission if, with respect to the business proposed to be brought before the meeting, the person proposing such business was a participant in a solicitation subject to Section 14 of the Securities Exchange Act of 1934, as a</font><font style="font-family:'Times New Roman'; font-size:12pt">mended, or any successor thereto.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">No business shall be brought before any meeting of the shareholders of the corporation otherwise than as provided in this Section.</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">Notwithstanding compliance with the foregoing provisions, the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> shall n</font><font style="font-family:'Times New Roman'; font-size:12pt">ot be obligated to include information as to any shareholder nominee for </font><font style="font-family:'Times New Roman'; font-size:12pt">director</font><font style="font-family:'Times New Roman'; font-size:12pt"> or any other shareholder proposal in any proxy statements or other communication sent to shareholders.</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">The </font><font style="font-family:'Times New Roman'; font-size:12pt">chairman of the meeting</font><font style="font-family:'Times New Roman'; font-size:12pt"> may, if the facts warrant, determine that</font><font style="font-family:'Times New Roman'; font-size:12pt"> any proposed item of business or nomination as </font><font style="font-family:'Times New Roman'; font-size:12pt">director</font><font style="font-family:'Times New Roman'; font-size:12pt"> was not brought before the meeting in accordance with the foregoing procedure, and if he should so determine, he shall so declare to the meeting and the improper item of business or nomination shall </font><font style="font-family:'Times New Roman'; font-size:12pt">be disregarded.</font></p>
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            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">6.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Right to Attend</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt">Except only to the extent of persons designated by the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> or the </font><font style="font-family:'Times New Roman'; font-size:12pt">chairman of the meeting</font><font style="font-family:'Times New Roman'; font-size:12pt"> to assist in the conduct of the meeting, and except as otherwise permitted by the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">or </font><font style="font-family:'Times New Roman'; font-size:12pt">the c</font><font style="font-family:'Times New Roman'; font-size:12pt">hairman</font><font style="font-family:'Times New Roman'; font-size:12pt"> of the meeting</font><font style="font-family:'Times New Roman'; font-size:12pt">, the persons entitled to attend any meeting of shareholders may be confined to (i) shareholders entitled to vote thereat and (ii) the persons upon whom proxies valid for purposes of the meeting have been conferred or their duly appoi</font><font style="font-family:'Times New Roman'; font-size:12pt">nted </font><font style="font-family:'Times New Roman'; font-size:12pt">s</font><font style="font-family:'Times New Roman'; font-size:12pt">ubstitutes</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">(if</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">the</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">related</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">proxies</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">confer</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">a</font><font style="font-family:'Times New Roman'; 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font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> or</font><font style="font-family:'Times New Roman'; font-size:12pt"> chairman of the meeting</font><font style="font-family:'Times New Roman'; font-size:12pt">, would be unfair to other shareholders represe</font><font style="font-family:'Times New Roman'; font-size:12pt">nted at the meeting or be unduly disruptive to the orderly conduct of business at such meeting (whether such representation would result from fragmentation of the aggregate number of shares held by such shareholder for the purpose of conferring proxies, fr</font><font style="font-family:'Times New Roman'; font-size:12pt">om the naming of an excessively large proxy delegation by such shareholder, or from employment of any other device).</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">A person otherwise entitled to attend any such meeting will cease to be so entitled if, in the judgment of the </font><font style="font-family:'Times New Roman'; font-size:12pt">chairman of the meeting</font><font style="font-family:'Times New Roman'; font-size:12pt">, su</font><font style="font-family:'Times New Roman'; font-size:12pt">ch person engages thereat in disorderly conduct impeding the proper conduct of the meeting in the interests of all shareholders as a group.</font></p>
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            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">7.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Quorum Requirements</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">One-third of the outstanding shares of the corporation entitled to vote, represented in p</font><font style="font-family:'Times New Roman'; font-size:12pt">erson or by proxy, shall constitute a quorum at a meeting of the shareholders.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">If less than one-third of the outstanding shares are represented at a meeting, the majority of the</font><a name="EDGAR_PAGE_END4"></a></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt"> </font><a name="EDGAR_PAGE_START5"></a><font style="font-family:'Times New Roman'; font-size:12pt">shares so represented may adjourn the meeting without further notice.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">At suc</font><font style="font-family:'Times New Roman'; font-size:12pt">h adjourned meeting at which a quorum shall be present or represented, any business may be transacted which might have been transacted at the meeting originally called.</font></p>
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            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">8.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Tellers</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">The </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">, in advance of any shareholders meeting may appoin</font><font style="font-family:'Times New Roman'; font-size:12pt">t one or more tellers to act at such meeting (and any adjournment thereof), and may appoint one or more alternate tellers to serve (in the order designated) in the absence of any teller or tellers so appointed.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">If any person appointed as a teller or alter</font><font style="font-family:'Times New Roman'; font-size:12pt">nate teller fails to appear or to act, a substitute may be appointed by the </font><font style="font-family:'Times New Roman'; font-size:12pt">chairman of the meeting</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">The tellers (acting through a majority of them on any disputed matter) will determine the number of shares outstanding, the authenticity, validity and eff</font><font style="font-family:'Times New Roman'; font-size:12pt">ect of proxies, the credentials of persons purporting to be shareholders or persons named or referred to in proxies, and the number of shares represented at the meeting in person and by proxy; they will receive and count votes, ballots, and consents and an</font><font style="font-family:'Times New Roman'; font-size:12pt">nounce the results thereof; they will hear and determine all challenges and questions pertaining to proxies and voting; and, in general, they will perform such acts as may be proper to conduct elections and voting with complete fairness to all shareholders</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">No teller need be a shareholder of the corporation.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Unless otherwise provided in the Articles of Incorporation or other governing instrument, each shareholder shall be entitled to one vote for each share of stock held by him or her, and, in the event a</font><font style="font-family:'Times New Roman'; font-size:12pt"> shareholder holds a fraction of a share or a full share plus a fraction, any such fractional share shall be entitled to a proportionate fraction of one vote or such other votes, if any, as is provided in the Articles of Incorporation or other governing in</font><font style="font-family:'Times New Roman'; font-size:12pt">strument.</font></p>
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            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">9.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><a name="_Ref357167141"><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Organization and Conduct of Business</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></a></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">Each shareholders</font><font style="font-family:'Times New Roman'; font-size:12pt">&#8217;</font><font style="font-family:'Times New Roman'; font-size:12pt"> meeting will be called to order and thereafter chaired by the Chairman of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> if there then is one; or, if not, or if the Chairman of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> is absen</font><font style="font-family:'Times New Roman'; font-size:12pt">t or so requests, then by the President; or if both the Chairman of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> and the President are unavailable, then by such other officer of the corporation or such shareholder as may be appointed by the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">The Secretary (o</font><font style="font-family:'Times New Roman'; font-size:12pt">r in his or her absence an Assistant Secretary) of the corporation will act as secretary of each shareholders meeting; if neither the Secretary nor an Assistant Secretary is in attendance, the </font><font style="font-family:'Times New Roman'; font-size:12pt">chairman of the meeting</font><font style="font-family:'Times New Roman'; font-size:12pt"> may appoint any person (whether a share</font><font style="font-family:'Times New Roman'; font-size:12pt">holder or not) to act as secretary thereat.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">After calling a meeting to order, the </font><font style="font-family:'Times New Roman'; font-size:12pt">chairman of the meeting </font><font style="font-family:'Times New Roman'; font-size:12pt">may require the registration of all shareholders intending to vote in person, and the filing of all proxies, with the teller or tellers, if one or more have been appointed (or, if not, with the secretary of the meeting).</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">After the announced time for such </font><font style="font-family:'Times New Roman'; font-size:12pt">filing of proxies has ended, no further proxies or changes, substitutions, or revocations of proxies will be accepted.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">The </font><font style="font-family:'Times New Roman'; font-size:12pt">chairman of the meeting </font><font style="font-family:'Times New Roman'; font-size:12pt">will, among other things, have absolute authority to determine the order of business to be conducted at such</font><font style="font-family:'Times New Roman'; font-size:12pt"> meeting and to establish rules for, and appoint personnel to assist in, preserving the orderly conduct of the business of the meeting (including any informal, or question and answer, portions thereof).</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Any informational or other informal session of</font><a name="EDGAR_PAGE_END5"></a></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt"> </font><a name="EDGAR_PAGE_START6"></a><font style="font-family:'Times New Roman'; font-size:12pt">share</font><font style="font-family:'Times New Roman'; font-size:12pt">holders conducted under the auspices of the corporation after the conclusion of or otherwise in conjunction with any formal business meeting of the shareholders will be chaired by the same person who chairs the formal meeting, and the foregoing authority o</font><font style="font-family:'Times New Roman'; font-size:12pt">n his or her part will extend to the conduct of such informal session.</font></p>
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            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">10.</font><font style="font:7.0pt 'Times New Roman'">&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Voting</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt">The number of shares voted on any matter submitted to the shareholders which</font><font style="font-family:'Times New Roman'; font-size:12pt"> is required to constitute their action thereon or approval thereof will be determined in accordance with applicable law, the Articles</font><font style="font-family:'Times New Roman'; font-size:12pt"> of Incorporation</font><font style="font-family:'Times New Roman'; font-size:12pt">, and these By-Laws, if applicable.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Voting will be by ballot on any matter as to which a ballot vote is </font><font style="font-family:'Times New Roman'; font-size:12pt">demanded, prior to the time the voting begins, by any person entitled to vote on such matter; otherwise, a voice vote will suffice.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">No ballot or change of vote will be accepted after the polls have been declared closed following the ending of the announce</font><font style="font-family:'Times New Roman'; font-size:12pt">d time for voting.</font></p>
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            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">11.</font><font style="font:7.0pt 'Times New Roman'">&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Shareholder Approval or Ratification</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">The </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> may submit any contract or act for approval or ratification at any duly constituted meeting of the shareholders, the notice of which either includes mention of the propose</font><font style="font-family:'Times New Roman'; font-size:12pt">d submittal or is waived as provided by law.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">If any contract or act so submitted is approved or ratified by a majority of the votes cast thereon at such meeting, the same will be valid and as binding upon the corporation and all of its shareholders as it </font><font style="font-family:'Times New Roman'; font-size:12pt">would be if approved and ratified by each and every shareholder of the corporation.</font></p>
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            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">12.</font><font style="font:7.0pt 'Times New Roman'">&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Informalities and Irregularities</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt">All informalities or irregularities in any call or notice of a meeting, or in the areas of credentials, proxies, quorums, voting, and </font><font style="font-family:'Times New Roman'; font-size:12pt">similar matters, will be deemed waived if no objection is made at the meeting. </font></p>
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            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">13.</font><font style="font:7.0pt 'Times New Roman'">&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Action Without a Meeting</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt">Shareholder action by written consent is prohibited.</font></p>
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            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">14.</font><font style="font:7.0pt 'Times New Roman'">&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Application of Nevada Revised Statutes Sections 78.378 to 78.3793, </font><font style="font-family:'Times New Roman'; font-size:12pt">inclusive:</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">The provis</font><font style="font-family:'Times New Roman'; font-size:12pt">ions of Sections 78.378 to 78.3793, inclusive, of the Nevada Revised Statutes shall not apply to the exchange of shares of the corporation&#8217;s Series A Common Stock, 0.25 par value, for shares of the corporation&#8217;s </font><font style="font-family:'Times New Roman'; font-size:12pt">&#8220;</font><font style="font-family:'Times New Roman'; font-size:12pt">C</font><font style="font-family:'Times New Roman'; font-size:12pt">ommon </font><font style="font-family:'Times New Roman'; font-size:12pt">S</font><font style="font-family:'Times New Roman'; font-size:12pt">tock, $0.25 </font><font style="font-family:'Times New Roman'; font-size:12pt">P</font><font style="font-family:'Times New Roman'; font-size:12pt">ar </font><font style="font-family:'Times New Roman'; font-size:12pt">V</font><font style="font-family:'Times New Roman'; font-size:12pt">alue</font><font style="font-family:'Times New Roman'; font-size:12pt">&#8221;</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">(as defined </font><font style="font-family:'Times New Roman'; font-size:12pt">in the </font><a name="A"></a><font style="font-family:'Times New Roman'; font-size:12pt">Articles of Incorporation) </font><font style="font-family:'Times New Roman'; font-size:12pt">held by Mark V. Shoen, James P. Shoen and Edward J. Shoen or to any exchange of shares of the corporation&#8217;s Common Stock, $0.25 par value for shares of the corporation&#8217;s Series A Common Stock, $0.25 par value held by Mark </font><font style="font-family:'Times New Roman'; font-size:12pt">V. Shoen, James P. Shoen and Edward J. Shoen.</font></p>
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            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">15.</font><font style="font:7.0pt 'Times New Roman'">&#xa0; </font><a name="_Ref357167214"><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Alternative Means for Participating At Meeting</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></a><a name="EDGAR_PAGE_END6"></a></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">The </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">may, in its sole discretion, determine that a meeting of </font><font style="font-family:'Times New Roman'; font-size:12pt">shareholder</font><font style="font-family:'Times New Roman'; font-size:12pt">s shall not be held at any place, but may instead be held solely </font><font style="font-family:'Times New Roman'; font-size:12pt">through</font><font style="font-family:'Times New Roman'; font-size:12pt"> electronic communications, videoconferencing, teleconferencing or other available technology which allows the </font><font style="font-family:'Times New Roman'; font-size:12pt">shareholder</font><font style="font-family:'Times New Roman'; font-size:12pt">s to communicate simultaneously or sequentially. Participation in a meeting pursuant to this Section </font><font style="font-family:'Times New Roman'; font-size:12pt">15</font><font style="font-family:'Times New Roman'; font-size:12pt"> of </font><font style="font-family:'Times New Roman'; font-size:12pt">Article II</font><font style="font-family:'Times New Roman'; font-size:12pt">,</font><font style="font-family:'Times New Roman'; font-size:12pt"> constitutes presence in person at the meeting.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#160; </font></p>
            <h1 style="margin:12pt 0pt 0pt; text-indent:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid; font-weight:normal"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:normal; font-style:normal; font-variant:normal; text-decoration:none; text-transform:none; vertical-align:baseline; display:inline">Article III.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></h1>
            <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">BOARD OF DIRECTORS</font></p>
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            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">1.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Number and Term of </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">directors</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">The </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">(&#8220;</font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">&#8221;) </font><font style="font-family:'Times New Roman'; font-size:12pt">shall consist of not less than 4 nor more than 8 directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> (each a &#8220;</font><font style="font-family:'Times New Roman'; font-size:12pt">director</font><font style="font-family:'Times New Roman'; font-size:12pt">&#8221;)</font><font style="font-family:'Times New Roman'; font-size:12pt">,</font><font style="font-family:'Times New Roman'; font-size:12pt"> the exact number of directors to be determined from time to time solely by a resolution adopted by an affirmative vote of a majority of the entire </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">. </font></p>
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            <p style="margin:0pt 0pt 12pt"><font style="font-family:'Times New Roman'; font-size:12pt">A director shall hold office for a term of one year, commencing upon the effective tim</font><font style="font-family:'Times New Roman'; font-size:12pt">e of his or her appointment or election to the Board of Directors, and ending at such time as he or she is re-elected or his or her successor shall be elected and shall qualify upon the vote at the next annual meeting of stockholders of the Corporation; su</font><font style="font-family:'Times New Roman'; font-size:12pt">bject however, to prior death, resignation, retirement, disqualification or removal from office.&#160; Directors need not be stockholders. </font></p>
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            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">2.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Vacancies</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">Newly created directorships resulting from an increase in the number of the directors and any vacancy on</font><font style="font-family:'Times New Roman'; font-size:12pt"> the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> shall be filled by an affirmative vote of a majority of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> then in office.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">A </font><font style="font-family:'Times New Roman'; font-size:12pt">director</font><font style="font-family:'Times New Roman'; font-size:12pt"> elected by the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> to fill a vacancy shall hold office until the next meeting of shareholders called for the e</font><font style="font-family:'Times New Roman'; font-size:12pt">lection of directors and</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">until his or her successor shall be elected and shall qualify; provided, however, that if a vacancy on the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> occurs or is filled after the date by which a shareholder, acting in accordance with </font><font style="font-family:'Times New Roman'; font-size:12pt">Article II</font><font style="font-family:'Times New Roman'; font-size:12pt">, Section </font><font style="font-family:'Times New Roman'; font-size:12pt">5</font><font style="font-family:'Times New Roman'; font-size:12pt">(C) of these By-Laws, may present a </font><font style="font-family:'Times New Roman'; font-size:12pt">director</font><font style="font-family:'Times New Roman'; font-size:12pt"> nomination before the next meeting of shareholders called for the election of directors, the </font><font style="font-family:'Times New Roman'; font-size:12pt">director</font><font style="font-family:'Times New Roman'; font-size:12pt"> elected by the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> to fill suc</font><font style="font-family:'Times New Roman'; font-size:12pt">h vacancy shall hold office until the next meeting of shareholders called for the election of directors at which a shareholder, acting in accordance with </font><font style="font-family:'Times New Roman'; font-size:12pt">Article II</font><font style="font-family:'Times New Roman'; font-size:12pt">, Section </font><font style="font-family:'Times New Roman'; font-size:12pt">5</font><font style="font-family:'Times New Roman'; font-size:12pt">(C) </font><font style="font-family:'Times New Roman'; font-size:12pt">of these By-Laws, may present a </font><font style="font-family:'Times New Roman'; font-size:12pt">director</font><font style="font-family:'Times New Roman'; font-size:12pt"> nomination.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
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            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">3.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Regular Meetings</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">After the adjournment of the annual mee</font><font style="font-family:'Times New Roman'; font-size:12pt">ting of the shareholders of the corporation, the newly elected </font><font style="font-family:'Times New Roman'; font-size:12pt">directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> shall meet for the purpose of organization, the election of officers, and the transaction of such other business as may come before said meeting.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">No</font><a name="EDGAR_PAGE_END7"></a></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt"> </font><a name="EDGAR_PAGE_START8"></a><font style="font-family:'Times New Roman'; font-size:12pt">notice shall be required for such</font><font style="font-family:'Times New Roman'; font-size:12pt"> meeting.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">The meeting may be held within or without the State of Nevada.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Regular meetings, other than the annual ones, may be held at regular intervals at such times and places as the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> may provide.</font></p>
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            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">4.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Special Meetings</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">Special meetings of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> may be called at any time by the Chairman of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> or by any three (3) members of the </font><font style="font-family:'Times New Roman'; font-size:12pt">seats on the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> giving written notice thereof to the </font><font style="font-family:'Times New Roman'; font-size:12pt">Chairman of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">, or sa</font><font style="font-family:'Times New Roman'; font-size:12pt">id special meeting may be called without notice by unanimous consent of all the members by the presence of all the members of said board at any such meeting.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">The special meetings of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> may be held within or without the State of Nevada.</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">No notice need be given of regular meetings of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Notice of the time and place (but not necessarily the purpose or all of the purposes) of any special meeting will be given to each </font><font style="font-family:'Times New Roman'; font-size:12pt">director</font><font style="font-family:'Times New Roman'; font-size:12pt"> in person or by telephone, or v</font><font style="font-family:'Times New Roman'; font-size:12pt">ia mail or telegram addressed in the manner then appearing on the corporation&#8217;s records.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Notice to any </font><font style="font-family:'Times New Roman'; font-size:12pt">director</font><font style="font-family:'Times New Roman'; font-size:12pt"> of any such special meeting will be deemed given sufficiently in advance when (i), if given by mail, the same is deposited in the United States</font><font style="font-family:'Times New Roman'; font-size:12pt"> mail at least four days before the meeting date, with postage thereon prepaid, (ii) if given by telegram, the same is delivered to the telegraph office for fast transmittal at least 48 hours prior to the convening of the meeting, (iii) if given by facsimi</font><font style="font-family:'Times New Roman'; font-size:12pt">le transmission, the same is received by the </font><font style="font-family:'Times New Roman'; font-size:12pt">director</font><font style="font-family:'Times New Roman'; font-size:12pt"> or an adult member of his or her office staff or household, at least 24 hours prior to the convening of the meeting, or (iv) if personally delivered or given by telephone, the same is handed, or the sub</font><font style="font-family:'Times New Roman'; font-size:12pt">stance thereof is communicated over the telephone, to the </font><font style="font-family:'Times New Roman'; font-size:12pt">director</font><font style="font-family:'Times New Roman'; font-size:12pt"> or to an adult member of his or her office staff or household, at least 24 hours prior to the convening of the meeting.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Any such notice may be waived as provided by law.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">No call or notice</font><font style="font-family:'Times New Roman'; font-size:12pt"> of a meeting of directors will be necessary if each of them waives the same in writing or by attendance.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Any meeting, once properly called and noticed (or as to which call and notice</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">have been waived as aforesaid) and at which a quorum is formed, may be </font><font style="font-family:'Times New Roman'; font-size:12pt">adjourned to another time and place by a majority of those in attendance.</font></p>
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            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">6.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Quorum</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">A majority of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> shall constitute a quorum for the transaction of business, except where otherwise provided by law or by these By-Laws, but if at any meeting of the </font><font style="font-family:'Times New Roman'; font-size:12pt">seats on the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> less than a quorum is present, a majority of those present may adjourn the </font><font style="font-family:'Times New Roman'; font-size:12pt">meeting from time to time until a quorum is obtained.</font></p>
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            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">7.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Action by Telephone or Consent</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">Any meeting of </font><font style="font-family:'Times New Roman'; font-size:12pt">the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> or any committee thereof may be held by conference telephone or similar communications equipment as permitted by law in which</font><a name="EDGAR_PAGE_END8"></a></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt"> </font><a name="EDGAR_PAGE_START9"></a><font style="font-family:'Times New Roman'; font-size:12pt">ca</font><font style="font-family:'Times New Roman'; font-size:12pt">se any required notice of such meeting may generally describe the arrangements (rather than the place) for the holding thereof, and all other provisions herein contained or referred to will apply to such meeting as though it were physically held at a singl</font><font style="font-family:'Times New Roman'; font-size:12pt">e place.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Action may also be taken by </font><font style="font-family:'Times New Roman'; font-size:12pt">the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> or any committee thereof without a meeting if the members thereof consent in writing thereto as contemplated by law.</font></p>
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            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">8.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Order of Business</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">The </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> may, from time to time, determine the order of business at their meeting.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">The usual order of business at such meetings shall be as follows:</font></p>
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            <p style="margin:0pt; text-indent:36pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">1st</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Roll Call; a quorum being present.</font></p>
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            <p style="margin:0pt; text-indent:36pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">2nd.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Reading of minutes of the preceding meeting and </font><font style="font-family:'Times New Roman'; font-size:12pt">action thereon.</font></p>
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            <p style="margin:0pt; text-indent:36pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">3rd.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Consideration of communications of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font></p>
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            <p style="margin:0pt; text-indent:36pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">4th.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Reports of officials and committees.</font></p>
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            <p style="margin:0pt; text-indent:36pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">5th.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Unfinished business.</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:36pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">6th.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Miscellaneous business.</font></p>
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            <p style="margin:0pt; text-indent:36pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">7th.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">New business.</font></p>
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            <p style="margin:0pt; text-indent:36pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">8th.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Adjournment.</font></p>
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            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">9.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Voting</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">Any matter submitted to a vote of the directors will be resolved by a majority of the votes cast thereon.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">If during the course of any annual, regular or special meeting of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">, at which all the mem</font><font style="font-family:'Times New Roman'; font-size:12pt">bers of said board are present and vote, there is a vote taken and the vote is evenly divided between equal numbers of directors, then, and only then, the Chairman of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> shall break the deadlock by casting a second and deciding vote.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">T</font><font style="font-family:'Times New Roman'; font-size:12pt">his power</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">may be exercised by the Chairman of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> as to any and every issue that properly comes to the board for a vote, including, but not limited to the election of officers.</font></p>
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            <h1 style="margin:12pt 0pt 0pt; text-indent:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid; font-weight:normal"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:normal; font-style:normal; font-variant:normal; text-decoration:none; text-transform:none; vertical-align:baseline; display:inline">Article IV.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></h1>
            <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">POWER OF DIRECTORS</font></p>
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            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">1.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Generally</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt 0pt 12pt; text-indent:36pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">G</font><font style="font-family:'Times New Roman'; font-size:12pt">overnance </font><font style="font-family:'Times New Roman'; font-size:12pt">of the corporation shall be vested in the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font><a name="EDGAR_PAGE_END9"></a></p>
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            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:'Times New Roman'; font-size:12pt">2.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Special Powers</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font><font style="font-family:'Times New Roman'; font-size:12pt">&#160;&#160; </font><font style="font-family:'Times New Roman'; font-size:12pt">In furtherance and not in limitation of the powers conferred by the laws of the State of Nevada, the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> is expressly authorized and empowered:</font></p>
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            <p style="margin:0pt 0pt 12pt 108pt; text-indent:-18pt; text-align:justify; page-break-after:avoid"><font style="font-family:'Times New Roman'; font-size:12pt">a.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">To make, alter</font><font style="font-family:'Times New Roman'; font-size:12pt">, amend, and repeal the By-Laws</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font></p>
            <p style="margin:0pt 0pt 12pt 90pt; text-indent:-18pt; text-align:justify; page-break-after:avoid"><font style="font-family:'Times New Roman'; font-size:12pt">b.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">Subject to the applicable provisions of the By-Laws then in effect, to determine, from time to time, whether and to what extent, and at what times and places, and under what conditions</font><font style="font-family:'Courier New'; font-size:12pt; letter-spacing:2.2pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">and regulations, the accounts and books of the Corporation, or any of them, shall be open to stockholder inspection. No stockholder shall have any right to inspect any of the accounts, books or documents of the Corporation, except as permitted by law, unle</font><font style="font-family:'Times New Roman'; font-size:12pt">ss and until authorized to do so, by resolution of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> or of the </font><font style="font-family:'Times New Roman'; font-size:12pt">shareholder</font><font style="font-family:'Times New Roman'; font-size:12pt">s of the Corporation;</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 12pt 90pt; text-indent:-18pt; text-align:justify; page-break-after:avoid"><font style="font-family:'Times New Roman'; font-size:12pt">c.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">To authorize and issue, without stockholder consent, obligations of the Corporation, secured and unsecured, under such terms and condition</font><font style="font-family:'Times New Roman'; font-size:12pt">s as the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">, in its sole discretion, may determine, and to pledge or mortgage, as security therefor, any real or personal property of the Corporation, including after-acquired property;</font></p>
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            <p style="margin:0pt 0pt 12pt 90pt; text-indent:-18pt; text-align:justify; page-break-after:avoid"><font style="font-family:'Times New Roman'; font-size:12pt">d.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">To determine whether any and, if so, what part, of th</font><font style="font-family:'Times New Roman'; font-size:12pt">e earned surplus of the Corporation shall be paid in dividends to the stockholders, and to direct and determine other use and disposition of any such earned surplus;</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 12pt 90pt; text-indent:-18pt; text-align:justify; page-break-after:avoid"><font style="font-family:'Times New Roman'; font-size:12pt">e.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">To fix, from time to time, the amount of the profits of the Corporation to be reserved as</font><font style="font-family:'Times New Roman'; font-size:12pt"> working capital or for any other lawful purpose;</font></p>
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            <p style="margin:0pt 0pt 12pt 90pt; text-indent:-18pt; text-align:justify; page-break-after:avoid"><font style="font-family:'Times New Roman'; font-size:12pt">f.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">To establish bonus, profit-sharing, stock option, or other types of incentive compensation plans for the employees, including officers and directors, of the Corporation, and to fix the amount of profits to</font><font style="font-family:'Times New Roman'; font-size:12pt"> be shared or distributed, and to determine the persons to participate in any such plans and the amount of their respective participations;</font></p>
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            <p style="margin:0pt 0pt 12pt 90pt; text-indent:-18pt; text-align:justify; page-break-after:avoid"><font style="font-family:'Times New Roman'; font-size:12pt">g.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><a name="EDGAR_PAGE_START11"></a><font style="font-family:'Times New Roman'; font-size:12pt">To designate, by resolution or resolutions passed by a majority of the whole </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">, one or more commit</font><font style="font-family:'Times New Roman'; font-size:12pt">tees, each consisting of </font><font style="font-family:'Times New Roman'; font-size:12pt">one</font><font style="font-family:'Times New Roman'; font-size:12pt"> or more directors, which, to the extend permitted by law and authorized by the resolution or the By-Laws, shall have and may exercise the powers of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">;</font></p>
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            <p style="margin:0pt 0pt 12pt 90pt; text-indent:-18pt; text-align:justify; page-break-after:avoid"><font style="font-family:'Times New Roman'; font-size:12pt">h.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">To provide for the reasonable compensation of its own </font><font style="font-family:'Times New Roman'; font-size:12pt">members by By-Laws, and to fix the terms and conditions upon which such compensation will be paid;</font></p>
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            <p style="margin:0pt 0pt 12pt 90pt; text-indent:-18pt; text-align:justify; page-break-after:avoid"><font style="font-family:'Times New Roman'; font-size:12pt">i.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">In addition to the powers and authority hereinbefore, or by statute, expressly conferred upon it, the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> may exercise all such powers and do</font><font style="font-family:'Times New Roman'; font-size:12pt"> all such acts and things as may be exercised or done by the Corporation, subject, nevertheless, to the provisions of the laws of the State of Nevada, of the Articles of Incorporation, and of the</font><font style="font-family:'Times New Roman'; font-size:12pt">se</font><font style="font-family:'Times New Roman'; font-size:12pt"> By-Laws of the Corporation.</font></p>
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            <h1 style="margin:12pt 0pt 0pt; text-indent:0pt; text-align:center; page-break-before:always; page-break-inside:avoid; page-break-after:avoid; font-weight:normal"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:normal; font-style:normal; font-variant:normal; text-decoration:none; text-transform:none; vertical-align:baseline; display:inline">Article V.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><a name="EDGAR_PAGE_START12"></a><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></h1>
            <p style="margin:0pt 0pt 0pt 180pt"><font style="font-family:'Times New Roman'; font-size:12pt">COMMITTEES</font></p>
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            <p style="margin:0pt 0pt 12pt; text-indent:36pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">From time to time the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">, by affirmative vote of a majority of the whole </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> may appoint any committee or committees for any purpose or purposes, and such committee or committees shall have and may exercise such powers as sha</font><font style="font-family:'Times New Roman'; font-size:12pt">ll be conferred or authorized b</font><font style="font-family:'Times New Roman'; font-size:12pt">y the resolution of appointment; p</font><font style="font-family:'Times New Roman'; font-size:12pt">rovided, however, that such committee or committees shall at no time have more power than that authorized by law.</font></p>
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            <p style="margin:0pt 0pt 0pt 180pt"><font style="font-family:'Times New Roman'; font-size:12pt">OFFICERS</font></p>
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            <p style="margin:0pt 0pt 0pt 72pt; text-indent:-27pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">1.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Officers</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">The officers of the corporation shall consist of the Chairman of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">, a President, one or more Vice-Presidents, Secretary, Assistant Secretaries, Treasurer, Assistant Treasurer, a resident agent and such other officers as shall from time</font><font style="font-family:'Times New Roman'; font-size:12pt"> to time be provided for by the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Such officers shall be elected by ballot or unanimous acclamation at the meeting of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> after the annual election of </font><font style="font-family:'Times New Roman'; font-size:12pt">directors</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">In order to hold any election there must be quorum pres</font><font style="font-family:'Times New Roman'; font-size:12pt">ent, and any officer receiving a majority vote shall be declared elected and shall hold office for one year and until his or her respective successor shall have been duly elected and qualified; provided, however, that all officers, agents and employees of </font><font style="font-family:'Times New Roman'; font-size:12pt">the corporation shall be subject to removal from office </font><font style="font-family:'Times New Roman'; font-size:12pt">peremptorily</font><font style="font-family:'Times New Roman'; font-size:12pt"> by vote of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> at any meeting.</font></p>
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            <p style="margin:0pt 0pt 0pt 72pt; text-indent:-27pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">2.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Powers and Duties of Chairman of the </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">The Chairman of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> will serve as a general executive off</font><font style="font-family:'Times New Roman'; font-size:12pt">icer, but not necessarily as a full-time employee, of the corporation.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">He or she shall preside at all meetings of the shareholders and of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">, shall have the powers and duties set forth in these By-Laws, and shall do and perform such ot</font><font style="font-family:'Times New Roman'; font-size:12pt">her duties as from time to time may be assigned by the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font></p>
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            <p style="margin:0pt 0pt 0pt 72pt; text-indent:-27pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">3.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Powers and Duties of President</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">The President shall at all times be subject to the control of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">He shall have general charge of the affairs of the corpora</font><font style="font-family:'Times New Roman'; font-size:12pt">tion.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">He shall supervise over and direct all officers and employees of the corporation and see that their duties are properly performed. The President, in conjunction with the Secretary, shall sign and execute all contracts, notes, mortgages, and all othe</font><font style="font-family:'Times New Roman'; font-size:12pt">r obligations in the name of the corporation, and with the Secretary or Assistant Secretary shall sign all certificates of the shares of the capital stock of the corporation.</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">The President shall each year present an annual report of the preceding year&#8217;s </font><font style="font-family:'Times New Roman'; font-size:12pt">business to the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> at a meeting to be held immediately preceding the annual meeting</font><a name="EDGAR_PAGE_END12"></a></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt"> </font><a name="EDGAR_PAGE_START13"></a><font style="font-family:'Times New Roman'; font-size:12pt">of the</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">shareholders, which report shall be read at the annual meeting of the shareholders.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">The President shall do and perform such other duties as from time to time may be assigned by the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> to him.</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">Notwithstanding any provision to the contrary</font><font style="font-family:'Times New Roman'; font-size:12pt"> contained in the By-Laws of the corporation, the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> may at any time and from time to time direct the manner in which any person or persons by whom any particular contract, document, note or instrument in writing of the corporation may or s</font><font style="font-family:'Times New Roman'; font-size:12pt">hall be signed by and may authorize any officer or officers of the corporation to sign such contracts, documents, notes or instruments.</font></p>
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            <p style="margin:0pt 0pt 0pt 72pt; text-indent:-27pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">4.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Powers and Duties of Vice-President</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">The Vice-President shall have such powers and perform such duties as may be ass</font><font style="font-family:'Times New Roman'; font-size:12pt">igned to him by the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> of the corporation and in the absence or inability of the President, the Vice-President shall perform the duties of the President.</font></p>
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            <p style="margin:0pt 0pt 0pt 72pt; text-indent:-27pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">5.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Powers and Duties of the Secretary and Assistant Secretary</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">The Secretary of said </font><font style="font-family:'Times New Roman'; font-size:12pt">corporation shall keep the minutes of all meetings of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> and the minutes of all meetings of the shareholders, and also when requested by a committee, the minutes of such committee, in books provided for the purpose.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">He shall attend to </font><font style="font-family:'Times New Roman'; font-size:12pt">the giving and serving of notice of the corporation.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">It shall be the duty of the Secretary to sign with the President, in the name of the corporation, all contracts, notes, mortgages, and other instruments and other obligations authorized by the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of </font><font style="font-family:'Times New Roman'; font-size:12pt">Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">, and when so ordered by the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">, he shall affix the </font><font style="font-family:'Times New Roman'; font-size:12pt">s</font><font style="font-family:'Times New Roman'; font-size:12pt">eal of corporation thereto.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">The Secretary shall have charge of all books, documents, and papers properly belonging to his office, and of such other books and papers as the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board</font><font style="font-family:'Times New Roman'; font-size:12pt"> of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> may direct.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">In the absence or inability of the Secretary, the Assistant Secretary shall perform the duties of the Secretary.</font></p>
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            <p style="margin:0pt 0pt 0pt 72pt; text-indent:-27pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">6.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Execution of Instruments:</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">In addition to the provisions of any previous By-Laws respecting the execution of instruments of the corporation, the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> may from time to time direct the manner in which any officer or officers or by whom any particular deed, transfer, assi</font><font style="font-family:'Times New Roman'; font-size:12pt">gnment, contract, obligation, certificate, promissory note, guarantee and other instrument or instruments may be signed on behalf of the corporation and any acts of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> subsequent to the 1st day of December, 1978 in accordance with the p</font><font style="font-family:'Times New Roman'; font-size:12pt">rovision of this By-Law are hereby adopted, ratified and confirmed as actions binding upon and enforceable against the corporation.</font></p>
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            <p style="margin:0pt 0pt 0pt 72pt; text-indent:-27pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">7.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Powers and Duties of Treasurer and Assistant Treasurer</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">The Treasurer shall have the care and custody of all funds and s</font><font style="font-family:'Times New Roman'; font-size:12pt">ecurities of the corporation, and deposit the same in the name of the corporation in such bank or banks or</font><a name="EDGAR_PAGE_END13"></a></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt"> </font><a name="EDGAR_PAGE_START14"></a><font style="font-family:'Times New Roman'; font-size:12pt">other depository as the </font><font style="font-family:'Times New Roman'; font-size:12pt">directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> may select.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">He shall sign checks, drafts, notices, and orders for the payment of money, and he shall pay out and d</font><font style="font-family:'Times New Roman'; font-size:12pt">ispose of the same under the direction of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">, but checks may be signed as directed by the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> by resolution.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">The Treasurer shall generally perform the duties of and act as the financial agent for the corporation for the </font><font style="font-family:'Times New Roman'; font-size:12pt">receipts and disbursements of its funds.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">He shall give such bond for the faithful performance of his duties as</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> may determine.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">The office of the Treasurer of said corporation may be held by the same person holding the President, Vic</font><font style="font-family:'Times New Roman'; font-size:12pt">e-President or Secretary&#8217;s office, provided the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> indicates the combination of these offices.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">In the absence or inability of the Treasurer, the Assistant Treasurer shall perform the duties of the Treasurer.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <h1 style="margin:12pt 0pt 0pt; text-indent:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid; font-weight:normal"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:normal; font-style:normal; font-variant:normal; text-decoration:none; text-transform:none; vertical-align:baseline; display:inline">Article VI.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><a name="_Ref357167443"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></a></h1>
            <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">STOCK AND CERTIFICATES AND </font><font style="font-family:'Times New Roman'; font-size:12pt">TRANSFERS</font></p>
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            <p style="margin:0pt 0pt 0pt 72pt; text-indent:-27pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">1.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Stock and Certificates and Transfers</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">Shares of stock of the corporation shall be evidenced by certificates in such form as the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> may from time to time prescribe; provided, however, that the Company shall also be authorized t</font><font style="font-family:'Times New Roman'; font-size:12pt">o issue uncertificated shares of all or certain classes or series of stock of the corporation.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">All certificates for the shares of the capital stock of the corporation shall be signed by the President or Vice-President, and Secretary or Assistant Secretary</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Each certificate shall show upon its face that the corporation is organized under the laws of Nevada, the number and par value, if any, of each share represented by it, and the name of the person owning the shares represented thereby, with the number of</font><font style="font-family:'Times New Roman'; font-size:12pt"> each share and the date of issue.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">The transfer of any</font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold; text-decoration:underline">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">certificated</font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">share or shares of stock in the corporation may be made by surrender of the certificate issued therefor, and the written assignment thereof by th</font><font style="font-family:'Times New Roman'; font-size:12pt">e owner or his duly authorized agent or a</font><font style="font-family:'Times New Roman'; font-size:12pt">t</font><font style="font-family:'Times New Roman'; font-size:12pt">torney</font><font style="font-family:'Times New Roman'; font-size:12pt">-</font><font style="font-family:'Times New Roman'; font-size:12pt">in</font><font style="font-family:'Times New Roman'; font-size:12pt">-f</font><font style="font-family:'Times New Roman'; font-size:12pt">act.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Upon such surrender and assignment, a new certificate (or uncertificated shares, at the discretion of the corporation)</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">s</font><font style="font-family:'Times New Roman'; font-size:12pt">hall be issued to the assignee as he may be entitled, but without such surrender and assignment no transfer of stock sh</font><font style="font-family:'Times New Roman'; font-size:12pt">all be recognized by the corporation.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">The transfer of any uncertificated share or shares of stock in the corporation may be made only upon the corporation&#8217;s receipt of proper transfer instructions from the registered owner of the share or shares.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">The </font><font style="font-family:'Times New Roman'; font-size:12pt">Boa</font><font style="font-family:'Times New Roman'; font-size:12pt">rd of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> shall have the power concerning the issue, transfer and registration of certificates for agents and registrars of transfer, and may require all stock certificates to bear signatures of either or both.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">The stock transfer books shall be clos</font><font style="font-family:'Times New Roman'; font-size:12pt">ed ten days before each meeting of the shareholders and during such period no stock shall be transferred.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">The corporation may treat as the absolute owner of shares of the corporation the person or persons in whose name shares are registered in the corpora</font><font style="font-family:'Times New Roman'; font-size:12pt">tion&#8217;s stock transfer books</font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">.</font></p>
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            <p style="margin:0pt 0pt 0pt 72pt; text-indent:-27pt; text-align:justify; page-break-before:always; page-break-after:avoid"><font style="font-family:'Times New Roman'; font-size:12pt">2.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><a name="_Ref357167469"></a><a name="EDGAR_PAGE_START15"></a><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Right of First Refusal on Its</font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Common Stock, $0.25 par value</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt 0pt 12pt 108pt; text-indent:-18pt; text-align:justify; page-break-after:avoid"><font style="font-family:'Times New Roman'; font-size:12pt">a.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">In case any holder of shares of the corporation&#8217;s common stock, $0.25 par value, and Series A Common Stock, $0.25 par value (collectively, the &#8220;Common Stock&#8221;) sh</font><font style="font-family:'Times New Roman'; font-size:12pt">all wish to make any sale, transfer or other disposition of all or any part of the Common Stock held by him, he shall first notify the Secretary of the corporation in writing designating the number of shares of Common Stock which he desires to dispose of, </font><font style="font-family:'Times New Roman'; font-size:12pt">the name(s) of the person(s) to whom such shares are to be disposed of, and the bona fide cash price at which such shares are to be disposed of.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">The right of first refusal set forth in this paragraph shall not apply to shares of the Corporation&#8217;s Series B</font><font style="font-family:'Times New Roman'; font-size:12pt"> Common Stock.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 12pt 108pt; text-indent:-18pt; text-align:justify; page-break-after:avoid"><font style="font-family:'Times New Roman'; font-size:12pt">b.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">The corporation shall have a period of 30 calendar days following the date of its receipt of such notice to determine whether it wishes to purchase such shares at the price stated therein.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Such determination shall be made by the corporatio</font><font style="font-family:'Times New Roman'; font-size:12pt">n by its delivery to such holder of a written acceptance of such offer within such 30-day period.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Such written acceptance shall specify the date (to be not later than the tenth calendar day following the date on which such 30-day period expired), time and</font><font style="font-family:'Times New Roman'; font-size:12pt"> place at which such holder shall deliver to the</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">corporation the certificate(s) for the shares of Common Stock to be so sold against the delivery by the corporation of a certified or bank cashier&#8217;s check in the amount of the purchase price therefor.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 12pt 108pt; text-indent:-18pt; text-align:justify; page-break-after:avoid"><font style="font-family:'Times New Roman'; font-size:12pt">c.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">If th</font><font style="font-family:'Times New Roman'; font-size:12pt">e corporation shall not so accept such offer within such 30-day period, then such holder shall be entitled, for a period of 90 days commencing on the first day after the date on which such 30-day period expires, to dispose of all or any part of the shares </font><font style="font-family:'Times New Roman'; font-size:12pt">of Common Stock designated in such notice to the corporation at the price set forth therein to the prospective named transferee(s) and such transferee(s) shall be entitled to have such shares transferred upon the books of the corporation upon its acquisiti</font><font style="font-family:'Times New Roman'; font-size:12pt">on thereof at such price.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">If such holder shall not dispose of all or any part of such shares within such 90-day period (or, in the event of a sale of part thereof, the shares remaining untransferred), such shares shall continue to be subject in all respec</font><font style="font-family:'Times New Roman'; font-size:12pt">ts to the provision of this </font><font style="font-family:'Times New Roman'; font-size:12pt">Article VI</font><font style="font-family:'Times New Roman'; font-size:12pt">, Sec</font><font style="font-family:'Times New Roman'; font-size:12pt">tion</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">2</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font></p>
            <p style="margin:0pt 0pt 12pt 108pt; text-indent:-18pt; text-align:justify; page-break-after:avoid"><font style="font-family:'Times New Roman'; font-size:12pt">d.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">All certificates for shares of Common Stock shall, so long as the provisions of this </font><font style="font-family:'Times New Roman'; font-size:12pt">Article VI</font><font style="font-family:'Times New Roman'; font-size:12pt">, Section </font><font style="font-family:'Times New Roman'; font-size:12pt">2</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">shall be in effect, bear the following legend:</font></p>
            <p style="margin:0pt 0pt 12pt 108pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#8220;The transfer of the shares represented by this certificate is subject to</font><font style="font-family:'Times New Roman'; font-size:12pt"> a right of first refusal by the corporation as provided in its By</font><a name="EDGAR_PAGE_END15"></a></p>
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            <p style="margin:0pt 0pt 12pt 108pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">-</font><a name="EDGAR_PAGE_START16"></a><font style="font-family:'Times New Roman'; font-size:12pt">Laws, and no transfer of this certificate or the shares represented hereby shall be valid or effective unless and until such provision of the By-Laws shall have been met.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">A copy of the By-</font><font style="font-family:'Times New Roman'; font-size:12pt">Laws of the corporation is available for inspection at the principal office of the corporation.&#8221;</font></p>
            <p style="margin:0pt 0pt 12pt 108pt; text-indent:-18pt; text-align:justify; page-break-after:avoid"><font style="font-family:'Times New Roman'; font-size:12pt">e.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">The provisions of this </font><font style="font-family:'Times New Roman'; font-size:12pt">Article VI</font><font style="font-family:'Times New Roman'; font-size:12pt">, Section </font><font style="font-family:'Times New Roman'; font-size:12pt">2</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">may be terminated or modified at any time by the affirmative vote of not less than a majority of the then number of directors of the corporation.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">Each</font><font style="font-family:'Times New Roman'; font-size:12pt"> holder of shares of Common Stock shall be notified of any such termination and shall have the right to exchange his outstanding certificate for such shares for a certificate without the aforesaid legend.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 12pt 108pt; text-indent:-18pt; text-align:justify; page-break-after:avoid"><font style="font-family:'Times New Roman'; font-size:12pt">f.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">The provisions of this </font><font style="font-family:'Times New Roman'; font-size:12pt">Article VI</font><font style="font-family:'Times New Roman'; font-size:12pt">, Section </font><font style="font-family:'Times New Roman'; font-size:12pt">2</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">may be extended to other classes or series of the corporation&#8217;s stock p</font><font style="font-family:'Times New Roman'; font-size:12pt">rior to the issuance thereof upon the affirmative vote of not less than a majority of the then number of directors of the corporation.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 12pt 108pt; text-indent:-18pt; text-align:justify; page-break-after:avoid"><font style="font-family:'Times New Roman'; font-size:12pt">g.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt">The provisions of </font><font style="font-family:'Times New Roman'; font-size:12pt">this </font><font style="font-family:'Times New Roman'; font-size:12pt">Article VI</font><font style="font-family:'Times New Roman'; font-size:12pt">, Section </font><font style="font-family:'Times New Roman'; font-size:12pt">2</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">shall not apply to shares of the corporation&#8217;s Common Stock (i) sold, t</font><font style="font-family:'Times New Roman'; font-size:12pt">ransferred, or otherwise disposed of by the Trust under the AMERCO Employee Savings, Profit Sharing and Employee Stock Ownership Plan, (ii) sold in a bona fide underwritten public offering or in a bona fide public distribution pursuant to Rule 144 under th</font><font style="font-family:'Times New Roman'; font-size:12pt">e Securities Act of 1933 (provided however that if such public distribution is pursuant to Rule 144(k) then, notwithstanding the provisions of Rule 144(k), such distribution shall comply with the &#8220;manner of sale&#8221; requirements of Rule 144(f) and (g)), or (i</font><font style="font-family:'Times New Roman'; font-size:12pt">ii)</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">sold, transferred, or otherwise disposed of by a member of the public who acquired such Common Stock in a transaction permitted by this Paragraph g.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 0pt 72pt; text-indent:-27pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">3.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Lost Certificates</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:36pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">In the event of the loss, theft or destruction of any certificate representing sh</font><font style="font-family:'Times New Roman'; font-size:12pt">ares of stock of this corporation, the corporation may issue (or, in the case of any such stock as to which a transfer agent and/or registrar have been appointed, may direct such transfer agent and/or register to countersign, register and issue) a replacem</font><font style="font-family:'Times New Roman'; font-size:12pt">ent certificate (or uncertificated shares, at the discretion of the corporation) in lieu of that alleged to be lost, stolen or destroyed, and cause the same to be delivered to the owner of the stock represented thereby, provided that the owner shall have s</font><font style="font-family:'Times New Roman'; font-size:12pt">ubmitted such evidence showing the circumstances of the alleged loss, theft or destruction, and his or her ownership of the certificate as the corporation considers satisfactory, together with any other facts which the corporation considers pertinent, and </font><font style="font-family:'Times New Roman'; font-size:12pt">further provided that an indemnity agreement and/or indemnity bond shall have been provided in form and amount satisfactory to the corporation and to its transfer agents and/or registrars, if applicable.</font><a name="EDGAR_PAGE_END16"></a></p>
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            <h1 style="margin:12pt 0pt 0pt; text-indent:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid; font-weight:normal"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:normal; font-style:normal; font-variant:normal; text-decoration:none; text-transform:none; vertical-align:baseline; display:inline">Article VII.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><a name="EDGAR_PAGE_START17"></a><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></h1>
            <p style="margin:0pt 0pt 0pt 180pt"><font style="font-family:'Times New Roman'; font-size:12pt">FISCAL YEAR</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 0pt 36pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">The fiscal year of the corporation sha</font><font style="font-family:'Times New Roman'; font-size:12pt">ll be fixed by resolution of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font></p>
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            <h1 style="margin:12pt 0pt 0pt; text-indent:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid; font-weight:normal"><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:normal; font-style:normal; font-variant:normal; text-decoration:none; text-transform:none; vertical-align:baseline; display:inline">Article VIII.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><br /><a name="_Ref357167608"><font style="font-family:'Times New Roman'; font-size:12pt">NOTICE BY ELECTRONIC TRANSMISSION</font></a></h1>
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            <p style="margin:0pt 0pt 12pt; text-indent:36pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">Without limiting the manner by which notice otherwise may be given effectively to </font><font style="font-family:'Times New Roman'; font-size:12pt">shareholder</font><font style="font-family:'Times New Roman'; font-size:12pt">s, or directors any notice given by the Company under applicable law, the Articles of Incorporation or these </font><font style="font-family:'Times New Roman'; font-size:12pt">By-Laws</font><font style="font-family:'Times New Roman'; font-size:12pt"> shall be effective if given by a form of electronic transmission. As used in these </font><font style="font-family:'Times New Roman'; font-size:12pt">By-Laws</font><font style="font-family:'Times New Roman'; font-size:12pt"> &#8220;electronic transmission&#8221; means any form or proc</font><font style="font-family:'Times New Roman'; font-size:12pt">ess of communication not directly involving the physical transfer of paper or another tangible medium which: (1) Is suitable for the retention, retrieval and reproduction of information by the recipient; and (2) Is retrievable and reproducible in paper for</font><font style="font-family:'Times New Roman'; font-size:12pt">m by the recipient through an automated process used in conventional commercial practice, unless otherwise authorized in accordance with N</font><font style="font-family:'Times New Roman'; font-size:12pt">evada </font><font style="font-family:'Times New Roman'; font-size:12pt">R</font><font style="font-family:'Times New Roman'; font-size:12pt">evised </font><font style="font-family:'Times New Roman'; font-size:12pt">S</font><font style="font-family:'Times New Roman'; font-size:12pt">tatute</font><font style="font-family:'Times New Roman'; font-size:12pt"> 75.150</font><font style="font-family:'Times New Roman'; font-size:12pt"> or successor law governing electronic transmission</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#160; Notice by electronic transmission sh</font><font style="font-family:'Times New Roman'; font-size:12pt">all be deemed to be effective for purposes of this </font><font style="font-family:'Times New Roman'; font-size:12pt">Article VIII</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">when the electronic transmission is received in accordance with any of the procedur</font><font style="font-family:'Times New Roman'; font-size:12pt">es set forth in Nevada law.&#160; The earliest date on which such electronic transmission is received shall be deemed to be the date on which such transmission becomes effective.&#160; </font></p>
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            <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">Article IX</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">AMENDMENT OF BY-LAWS</font></p>
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            <p style="margin:0pt 0pt 0pt 72pt; text-indent:-27pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">1.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Amendment of By-Laws by the </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Board of Direct</font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">ors</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 12pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">The By-Laws may be amended by a majority vote of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> of this corporation at any meeting of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font></p>
            <p style="margin:0pt 0pt 0pt 72pt; text-indent:-27pt; text-align:justify; page-break-after:avoid"><font style="font-family:'Times New Roman'; font-size:12pt">2.</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">Shareholder Amendment of By-Laws</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">The </font><font style="font-family:'Times New Roman'; font-size:12pt">shareholder</font><font style="font-family:'Times New Roman'; font-size:12pt">s can amend these By-laws, which power may be exercised only by the affirmative vote of two-thirds of all of the outstanding shares of </font><font style="font-family:'Times New Roman'; font-size:12pt">Common Stock</font><font style="font-family:'Times New Roman'; font-size:12pt"> of the Corporation entitled to vote, which vote must be by ballot at a duly constituted meeting of the </font><font style="font-family:'Times New Roman'; font-size:12pt">share</font><font style="font-family:'Times New Roman'; font-size:12pt">holder</font><font style="font-family:'Times New Roman'; font-size:12pt">s, the notice of which meeting must include the proposed amendment. This provision may be amended only by the affirmative vote of two-thirds of all of the outstanding shares of </font><font style="font-family:'Times New Roman'; font-size:12pt">Common Stock</font><font style="font-family:'Times New Roman'; font-size:12pt"> of the Corporation entitled to vote, which vote must be by b</font><font style="font-family:'Times New Roman'; font-size:12pt">allot at a duly constituted meeting of the </font><font style="font-family:'Times New Roman'; font-size:12pt">shareholders</font><font style="font-family:'Times New Roman'; font-size:12pt">, the notice of which meeting must include the proposed amendment.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
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            <h1 style="margin:12pt 0pt 0pt; text-align:center; font-weight:normal"><font style="font-family:'Times New Roman'; font-size:12pt">Article X</font></h1>
            <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">INDEMNIFICATION</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">The Corporation must indemnify and hold harmless, to the fullest extent permitted or authorized by app</font><font style="font-family:'Times New Roman'; font-size:12pt">licable law as it presently exists or may hereafter be amended, its officers, directors, agents and employees, as specifically set forth in the Articles of Incorporation of the Corporation, as the same may be amended from time to time.&#160; </font></p>
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            <p style="margin:0pt 0pt 0pt 180pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">Article XI.</font></p>
            <p style="margin:0pt 0pt 0pt 180pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">FORU</font><font style="font-family:'Times New Roman'; font-size:12pt">M SELECTION</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">The District Court in the State of Nevada shall be the sole and exclusive forum for (i) any derivative action or proceeding brought on behalf of the corporation; (ii)</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">any action asserting a claim of breach of a fiduciary duty owed by any </font><font style="font-family:'Times New Roman'; font-size:12pt">dir</font><font style="font-family:'Times New Roman'; font-size:12pt">ector</font><font style="font-family:'Times New Roman'; font-size:12pt"> or officer of the corporation to the corporation or the corporation&#8217;s </font><font style="font-family:'Times New Roman'; font-size:12pt">shareholder</font><font style="font-family:'Times New Roman'; font-size:12pt">s; (iii)</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font><font style="font-family:'Times New Roman'; font-size:12pt">any action asserting a claim against the corporation arising pursuant to any provision of the Nevada Revised Statutes, as amended, or the corporation&#8217;s Article</font><font style="font-family:'Times New Roman'; font-size:12pt">s of Incorporation or Bylaws, each as amended; or (iv) any action asserting a claim against the corporation governed by the internal affairs doctrine.</font></p>
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