<SEC-DOCUMENT>0000794367-16-000279.txt : 20160930
<SEC-HEADER>0000794367-16-000279.hdr.sgml : 20160930
<ACCEPTANCE-DATETIME>20160930163324
ACCESSION NUMBER:		0000794367-16-000279
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160930
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160930
DATE AS OF CHANGE:		20160930

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Macy's, Inc.
		CENTRAL INDEX KEY:			0000794367
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-DEPARTMENT STORES [5311]
		IRS NUMBER:				133324058
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0117

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13536
		FILM NUMBER:		161913214

	BUSINESS ADDRESS:	
		STREET 1:		7 WEST SEVENTH STREET
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45202
		BUSINESS PHONE:		5135797000

	MAIL ADDRESS:	
		STREET 1:		7 W SEVENTH ST
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FEDERATED DEPARTMENT STORES INC /DE/
		DATE OF NAME CHANGE:	19950307

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	R H MACY & CO INC
		DATE OF NAME CHANGE:	19950307

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MACY ACQUIRING CORP
		DATE OF NAME CHANGE:	19861124
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>es8k09302016.htm
<DESCRIPTION>FORM 8-K FILED ON SEPTEMBER 30, 2016
<TEXT>





</head>

<body lang=EN-US>

<div style='page:WordSection1;'>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UNITED STATES<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECURITIES AND EXCHANGE COMMISSION</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Washington, D.C. 20549</b></p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FORM
8-K</b></p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'><b>&nbsp;&nbsp;&nbsp; </b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CURRENT REPORT</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant to Section
13 or 15(d) of the<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp; Securities Exchange Act of 1934</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date
of Report (Date of earliest event reported):&nbsp; September 29, 2016</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<font size="5">MACY'S, INC.</font></b></p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b>7
West Seventh Street, Cincinnati, Ohio 45202<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(513) 579-7000</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
-and-</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151 West 34<sup>th</sup> Street, New York, New York 10001<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (212) 494-1602</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=638
 style='width:478.5pt'>
 <tr style='page-break-inside:avoid'>
  <td width="33%" valign=top style='width:33.34%;padding:0in 5.75pt 0in 5.75pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal'>Delaware<br>
  (State of Incorporation)</p>
  </td>
  <td width="33%" valign=top style='width:33.34%;padding:0in 5.75pt 0in 5.75pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal'>1-13536<br>
  (Commission File Number)</p>
  </td>
  <td width="33%" valign=top style='width:33.34%;padding:0in 5.75pt 0in 5.75pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal'>13-3324058<br>
  (IRS Employer<br>
  Identification No.)</p>
  </td>
 </tr>
</table>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";line-height:normal'>Check the appropriate box below if the
Form 8-K is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions:</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-left:.25in;text-indent:-.25in;line-height:
normal'><font face="Wingdings">o</font>&nbsp;&nbsp;&nbsp;
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-left:.25in;text-indent:-.25in;line-height:
normal'><font face="Wingdings">o</font>&nbsp;&nbsp;&nbsp;
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12) </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-left:.25in;text-indent:-.25in;line-height:
normal'><font face="Wingdings">o</font>&nbsp;&nbsp;&nbsp;
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b)) </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-left:.25in;text-indent:-.25in;line-height:
normal'><font face="Wingdings">o</font>&nbsp;&nbsp;&nbsp;
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))&nbsp; </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-left:.75in;text-indent:-.75in;line-height:
normal;page-break-before:always;page-break-after:avoid'><b>&nbsp;Item
5.03.&nbsp;&nbsp;&nbsp;&nbsp; Amendments to Articles of Incorporation or
Bylaws; Change in Fiscal Year.</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;text-indent:
..5in;line-height:normal'>On
September 29, 2016, the board of directors (the &#147;Board&#148;) of Macy's, Inc.
(&#147;Macy's&#148;) amended and restated Macy's By-Laws (as so amended and restated, the
&#147;By-Laws&#148;) to provide clarity on the notice provision for proxy access.&nbsp; </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 13(e)(ii) has been amended to clarify the specific requirements for
timely delivery of a stockholder's Nomination Notice as follows:&nbsp; to accept
notice by personal delivery, overnight express courier or U.S. mail, postage,
pre-paid, addressed to the Secretary;&nbsp; by specifying that the &#147;anniversary
date&#148; means the one-year anniversary date; by defining &#147;close of business&#148; for
receipt of notice to mean 5:00 p.m. Eastern time on any calendar day, whether
or not the day is a business day; and by defining &#147;principal executive offices
of the Company&#148; to mean 7 West Seventh Street, Cincinnati, Ohio 45202.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:12.0pt;text-indent:.5in;line-height:
normal'>The foregoing summary is qualified in its entirety by reference to the full text of
the By-Laws, a copy of which is included as Exhibit 3.1 to this report and
incorporated by reference.&nbsp; </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'>&nbsp;<b>&nbsp;</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-left:.75in;text-indent:-.75in;line-height:
normal'><b>Item
9.01.&nbsp;&nbsp;&nbsp;&nbsp; Financial Statements and Exhibits.</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-indent:.25in;line-height:normal;page-break-after:
avoid'>(d)
Exhibits:</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr style='page-break-inside:avoid'>
  <td width=50 valign=bottom style='width:37.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";line-height:normal'>Exhibit <u>Number</u></p>
  </td>
  <td width=588 valign=bottom style='width:441.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";line-height:normal'><u>Description</u></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=50 valign=top style='width:37.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-align:center;line-height:normal'>3.1</p>
  </td>
  <td width=588 valign=top style='width:441.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";line-height:normal'>Macy's, Inc. Amended and Restated
  By-Laws.</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=50 valign=top style='width:37.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-align:center;line-height:normal'>&nbsp;</p>
  </td>
  <td width=588 valign=top style='width:441.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";line-height:normal'>&nbsp;</p>
  </td>
 </tr>
</table>

<br
clear=all style='page-break-before:always'>


<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr style='page-break-inside:avoid'>
  <td width=50 valign=top style='width:37.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-align:center;line-height:normal'>&nbsp;</p>
  </td>
  <td width=588 valign=top style='width:441.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";line-height:normal'>&nbsp;</p>
  </td>
 </tr>
</table>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>SIGNATURE</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'><b>&nbsp;</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-indent:.25in;line-height:normal'>Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-left:2.5in;text-indent:.5in;line-height:normal'>MACY'S, INC.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-indent:.25in;line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-indent:.25in;line-height:normal'>Dated:&nbsp;&nbsp;
September 30, 2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp; &nbsp;<u>/s/
Mary E. Talbott&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u><br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Name:&nbsp;&nbsp;&nbsp;Mary E. Talbott<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assistant Secretary</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-indent:.25in;line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-indent:.25in;line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-indent:.25in;line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-indent:.25in;line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-indent:.25in;line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-indent:.25in;line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-indent:.25in;line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-indent:.25in;line-height:normal'>&nbsp;</p>

<p style='mso-style-link:"Title Char";margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:center;page-break-after:avoid;font-size:10.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;font-weight:bold;margin-left:2.5in;text-align:left;
page-break-before:always'>Index to Exhibits</p>

<table class=MsoTableGrid border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse;border:none'>
 <tr>
  <td width=50 valign=bottom style='width:37.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:12.0pt;line-height:normal;border:
  none;padding:0in'>Index
  Number</p>
  </div>
  </td>
  <td width=588 valign=bottom style='width:441.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:12.0pt;line-height:normal;border:
  none;padding:0in'>Description</p>
  </div>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=50 valign=top style='width:37.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:10.0pt;text-align:center;
  line-height:normal'>3.1</p>
  </td>
  <td width=588 valign=top style='width:441.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:10.0pt;line-height:normal'>Macy's, Inc.
  Amended and Restated By-Laws.</p>
  </td>
 </tr>
</table>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-indent:.25in;line-height:normal'>&nbsp;</p>

</div>

</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3.1
<SEQUENCE>2
<FILENAME>esexhibit3.htm
<DESCRIPTION>MACY'S, INC. AMENDED AND RESTATED BY-LAWS
<TEXT>
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<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibit
3.1</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b><font style="font-size: 11.0pt">MACY&#146;S, INC.</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b><font style="font-size: 11.0pt">&nbsp;</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b><font style="font-size: 11.0pt">&nbsp;BY-LAWS</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b><font style="font-size: 11.0pt">&nbsp;</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><font style="font-size: 11.0pt">(Amended and Restated as of February 26, 2016)</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><b><font style="font-size: 11.0pt">&nbsp;</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b><font style="font-size: 11.0pt">STOCKHOLDERS' MEETINGS</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time
and Place of Meetings</b>.&nbsp; All meetings of the stockholders for the election
of Directors or for any other purpose will be held at such time and place,
within or without the State of Delaware, as may be designated by the Board or,
in the absence of a designation by the Board, the Chairman, the President, or
the Secretary, and stated in the notice of meeting.&nbsp; The Board may postpone and
reschedule any previously scheduled annual or special meeting of the
stockholders.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annual
Meeting</b>.&nbsp; An annual meeting of the stockholders will be held at such date
and time as may be designated from time to time by the Board, at which meeting
the stockholders will elect the Directors to succeed those whose terms expire
at such meeting and will transact such other business as may properly be
brought before the meeting in accordance with By-Law 8.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Special
Meetings</b>.&nbsp; (a) Special meetings of the stockholders may be called only by
(i) the Chairman, (ii) the Secretary within 10 calendar days after receipt of
the written request of a majority of the Whole Board, and (iii) as provided in
By&#8209;Law 3(b).&nbsp; Any such request by a majority of the Whole Board must be
sent to the Chairman and the Secretary and must state the purpose or purposes
of the proposed meeting.&nbsp; Special meetings of holders of the outstanding
Preferred Stock, if any, may be called in the manner and for the purposes
provided in the applicable Preferred Stock Designation.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upon
the receipt by the Company of a written request executed by the holders of not
less than 15% of the outstanding Voting Stock (a &quot;Meeting Request&quot;),
the Board will (i) call a special meeting of the stockholders for the purposes
specified in the Meeting Request and (ii) fix a record date for the
determination of stockholders entitled to notice of and to vote at such
meeting, which record date will not be later than 60 calendar days after the
date of receipt by the Company of the Meeting Notice; <u>provided</u>, <u>however</u>,
that no separate special meeting of stockholders requested pursuant to a
Meeting Request will be required to be convened if (A) the Board calls an
annual or special meeting of stockholders to be held not later than 90 calendar
days after receipt of such Meeting Request and (B) the purposes of such annual
or special meeting include (among any other matters properly brought before the
meeting) the purposes specified in such Meeting Request.&nbsp; Notwithstanding any
provision of the Certificate of Incorporation or these By-Laws to the contrary,
this By-Law 3(b) may not be amended or repealed by the Board, and no provision
inconsistent therewith may be adopted by the Board, without the affirmative
vote of the holders of at least a majority of the Common Stock present or
represented by proxy at an annual or special meeting of stockholders and
actually voted on the matter.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notice
of Meetings</b>.&nbsp; Written notice of every meeting of the stockholders, stating
the place, date, and hour of the meeting and, in the case of a special meeting,
the purpose or purposes for which the meeting is called, will be given not less
than 10 nor more than 60 calendar days before the date of the meeting to each
stockholder of record entitled to vote at such meeting, except as otherwise
provided herein or by law.&nbsp; When a meeting is adjourned to another place, date,
or time, written notice need not be given of the adjourned meeting if the
place, date, and time thereof are announced at the meeting at which the
adjournment is taken; <u>provided</u>, <u>however</u>, that if the adjournment
is for more than 30 calendar days, or if after the adjournment a new record
date is fixed for the adjourned meeting, written notice of the place, date, and
time of the adjourned meeting must be given in conformity herewith.&nbsp; At any
adjourned meeting, any business may be transacted which properly could have
been transacted at the original meeting.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inspectors</b>.&nbsp;
The Board may appoint one or more inspectors of election to act as judges of
the voting and to determine those entitled to vote at any meeting of the
stockholders, or any adjournment thereof, in advance of such meeting.&nbsp; The
Board may designate one or more persons as alternate inspectors to replace any
inspector who fails to act.&nbsp; If no inspector or alternate is able to act at a
meeting of stockholders, the presiding officer of the meeting may appoint one
or more substitute inspectors.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Quorum</b>.&nbsp;
Except as otherwise provided by law or in a Preferred Stock Designation, the
holders of a majority of the stock issued and outstanding and entitled to vote
thereat, present in person or represented by proxy, will constitute a quorum at
all meetings of the stockholders for the transaction of business thereat.&nbsp; If,
however, such quorum is not present or represented at any meeting of the
stockholders, the stockholders entitled to vote thereat, present in person or
represented by proxy, will have the power to adjourn the meeting from time to
time, without notice other than announcement at the meeting, until a quorum is
present or represented.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Voting</b>.&nbsp;
Except as otherwise provided by law, by the Certificate of Incorporation, or in
a Preferred Stock Designation, each stockholder will be entitled at every
meeting of the stockholders to one vote for each share of stock having voting
power standing in the name of such stockholder on the books of the Company on
the record date for the meeting and such votes may be cast either in person or
by written proxy.&nbsp; Every proxy must be duly executed and filed with the
Secretary.&nbsp; A stockholder may revoke any proxy that is not irrevocable by
attending the meeting and voting in person or by filing an instrument in
writing revoking the proxy or another duly executed proxy bearing a later date
with the Secretary.&nbsp; The vote upon any question brought before a meeting of the
stockholders may be by voice vote, unless otherwise required by the Certificate
of Incorporation or these By&#8209;Laws or unless the Chairman or the holders
of a majority of the outstanding shares of all classes of stock entitled to
vote thereon present in person or by proxy at such meeting otherwise
determine.&nbsp; Every vote taken by written ballot will be counted by the
inspectors of election.&nbsp; When a quorum is present at any meeting, the
affirmative vote of the holders of a majority of the stock present in person or
represented by proxy at the meeting and entitled to vote on the subject matter
and which has actually been voted will be the act of the stockholders, except
in the election of Directors or as otherwise provided in these By&#8209;Laws,
the Certificate of Incorporation, a Preferred Stock Designation, or by law.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Order
of Business</b>.&nbsp; (a) The Chairman, or such other officer of the Company
designated by a majority of the Whole Board, will call meetings of the
stockholders to order and will act as presiding officer thereof.&nbsp; Unless
otherwise determined by the Board prior to the meeting, the presiding officer
of the meeting of the stockholders will also determine the order of business
and have the authority in his or her sole discretion to regulate the conduct of
any such meeting, including without limitation by imposing restrictions on the
persons (other than stockholders of the Company or their duly appointed proxies)
who may attend any such stockholders' meeting, by ascertaining whether any
stockholder or his proxy may be excluded from any meeting of the stockholders
based upon any determination by the presiding officer, in his sole discretion,
that any such person has unduly disrupted or is likely to disrupt the
proceedings thereat, and by determining the circumstances in which any person
may make a statement or ask questions at any meeting of the stockholders.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; At an
annual meeting of the stockholders, only such business will be conducted or
considered as is properly brought before the meeting.&nbsp; To be properly brought
before an annual meeting, business must be (i) specified in the notice of
meeting (or any supplement thereto) given by or at the direction of the Board
in accordance with By&#8209;Law 4, (ii) otherwise properly brought before the
meeting by the presiding officer or by or at the direction of a majority of the
Whole Board, or (iii) otherwise properly requested to be brought before the
meeting by a stockholder of the Company in accordance with By&#8209;Law 8(c).</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; For
business to be properly requested by a stockholder to be brought before an
annual meeting, the stockholder must (i) be a stockholder of the Company of
record at the time of the giving of the notice for such annual meeting provided
for in these By&#8209;Laws, (ii) be entitled to vote at such meeting, and (iii)
have given timely notice thereof in writing to the Secretary.&nbsp; To be timely, a
stockholder's notice must be delivered to or mailed and received at the
principal executive offices of the Company not less than 60 calendar days prior
to the annual meeting; <u>provided</u>, <u>however</u>, that in the event
public announcement of the date of the annual meeting is not made at least 75
calendar days prior to the date of the annual meeting, notice by the
stockholder to be timely must be so received not later than the close of
business on the 10th calendar day following the day on which public
announcement is first made of the date of the annual meeting.&nbsp; A stockholder's
notice to the Secretary must set forth as to each matter the stockholder
proposes to bring before the annual meeting (A) a description in reasonable
detail of the business desired to brought before the annual meeting and the
reasons for conducting such business at the annual meeting, (B) the name and
address, as they appear on the Company's books, of the stockholder proposing
such business and the beneficial owner, if any, on whose behalf the proposal is
made, (C) the class and number of shares of the Company that are owned
beneficially and of record by the stockholder proposing such business and by
the beneficial owner, if any, on whose behalf the proposal is made, and (D) any
material interest of such stockholder proposing such business and the beneficial
owner, if any, on whose behalf the proposal is made in such business.&nbsp;
Notwithstanding the foregoing provisions of this By-Law 8(c), a stockholder
must also comply with all applicable requirements of the Securities Exchange
Act of 1934, as amended, and the rules and regulations thereunder with respect
to the matters set forth in this By-Law 8(c).&nbsp; For purposes of this By-Law 8(c)
and By-Law 13, &quot;public announcement&quot; means disclosure in a press
release reported by the Dow Jones News Service, Associated Press, or comparable
national news service or in a document publicly filed by the Company with the
Securities and Exchange Commission pursuant to Sections 13, 14, or 15(d) of the
Securities Exchange Act of 1934, as amended, or furnished to stockholders.&nbsp; Nothing
in this By-Law 8(c) will be deemed to affect any rights of stockholders to
request inclusion of proposals in the Company's proxy statement pursuant to
Rule 14a&#8209;8 under the Securities Exchange Act of 1934, as amended.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; At a
special meeting of stockholders, only such business may be conducted or
considered as is properly brought before the meeting.&nbsp; To be properly brought
before a special meeting, business must be (i) specified in the notice of the
meeting (or any supplement thereto) given by or at the direction of the
Chairman or a majority of the Whole Board in accordance with By&#8209;Law&nbsp;4
or (ii) otherwise properly brought before the meeting by the presiding officer
or by or at the direction of a majority of the Whole Board.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
determination of whether any business sought to be brought before any annual or
special meeting of the stockholders is properly brought before such meeting in
accordance with this By-Law&nbsp;8 will be made by the presiding officer of
such meeting.&nbsp; If the presiding officer determines that any business is not
properly brought before such meeting, he or she will so declare to the meeting
and any such business will not be conducted or considered.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:24.0pt;text-align:center'><b><font style="font-size: 11.0pt">DIRECTORS</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Function</b>.&nbsp;
The business and affairs of the Company will be managed under the direction of
its Board.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number,
Election, and Terms</b>.&nbsp; Subject to the rights, if any, of any series of
Preferred Stock to elect additional Directors under circumstances specified in
a Preferred Stock Designation and to the minimum and maximum number of
authorized Directors provided in the Certificate of Incorporation, the
authorized number of Directors may be determined from time to time only (i) by
a vote of a majority of the Whole Board or (ii) by the affirmative vote of the
holders of at least a majority of the Common Stock present or represented by
proxy at an annual or special meeting of stockholders and actually voted on the
matter.&nbsp; The Directors, other than those who may be elected by the holders of
any series of the Preferred Stock, will be classified with respect to the time
for which they severally hold office in accordance with the Certificate of
Incorporation.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vacancies
and Newly Created Directorships</b>.&nbsp; Subject to the rights, if any, of the
holders of any series of Preferred Stock to elect additional Directors under
circumstances specified in a Preferred Stock Designation, newly created
directorships resulting from any increase in the number of Directors and any
vacancies on the Board resulting from death, resignation, disqualification,
removal, or other cause will be filled solely by the affirmative vote of a
majority of the remaining Directors then in office, even though less than a
quorum of the Board, or by a sole remaining Director.&nbsp; Any Director elected in
accordance with the preceding sentence will hold office for the remainder of
the full term of the class of Directors in which the new directorship was
created or the vacancy occurred and until such Director's successor is elected
and qualified.&nbsp; No decrease in the number of Directors constituting the Board
will shorten the term of an incumbent Director.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Removal</b>.&nbsp;
Subject to the rights, if any, of the holders of any series of Preferred Stock
to elect additional Directors under circumstances specified in a Preferred Stock
Designation, any Director may be removed from office by the stockholders only
in the manner provided in the Certificate of Incorporation.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nominations
of Directors; Election</b>.&nbsp; (a) Subject to the rights, if any, of the holders
of any series of Preferred Stock to elect additional Directors under
circumstances specified in a Preferred Stock Designation, only persons who are
nominated in accordance with the following procedures will be eligible for
election at a meeting of stockholders as Directors of the Company.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nominations
of persons for election as Directors of the Company may be made only at an
annual meeting of stockholders (i) by or at the direction of the Board or (ii)
by any stockholder who is a stockholder of record at the time of giving of
notice provided for in this By-Law 13, who is entitled to vote for the election
of Directors at such meeting, and who complies with the procedures set forth in
this By-Law 13.&nbsp; All nominations by stockholders must be made pursuant to
timely notice in proper written form to the Secretary.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To be
timely, a stockholder's notice must be delivered to or mailed and received at
the principal executive offices of the Company not less than 60 calendar days
prior to the annual meeting of stockholders; <u>provided</u>, <u>however</u>,
that in the event that public announcement of the date of the annual meeting is
not made at least 75 calendar days prior to the date of the annual meeting,
notice by the stockholder to be timely must be so received not later than the
close of business on the 10th calendar day following the day on which public
announcement is first made of the date of the annual meeting.&nbsp; To be in proper
written form, such stockholder's notice must set forth or include (i) the name
and address, as they appear on the Company's books, of the stockholder giving
the notice and of the beneficial owner, if any, on whose behalf the nomination
is made; (ii) a representation that the stockholder giving the notice is a
holder of record of stock of the Company entitled to vote at such annual
meeting and intends to appear in person or by proxy at the annual meeting to
nominate the person or persons specified in the notice; (iii) the class and
number of shares of stock of the Company owned beneficially and of record by
the stockholder giving the notice and by the beneficial owner, if any, on whose
behalf the nomination is made; (iv) a description of all arrangements or
understandings between or among any of (A) the stockholder giving the notice,
(B) the beneficial owner on whose behalf the notice is given, (C) each nominee,
and (D) any other person or persons (naming such person or persons) pursuant to
which the nomination or nominations are to be made by the stockholder giving
the notice; (v) such other information regarding each nominee proposed by the
stockholder giving the notice as would be required to be included in a proxy
statement filed pursuant to the proxy rules of the Securities and Exchange
Commission had the nominee been nominated, or intended to be nominated, by the
Board; and (vi) the signed consent of each nominee to serve as a director of
the Company if so elected.&nbsp; At the request of the Board, any person nominated
by the Board for election as a Director must furnish to the Secretary that
information required to be set forth in a stockholder's notice of nomination
which pertains to the nominee.&nbsp; The presiding officer of any annual meeting
will, if the facts warrant, determine that a nomination was not made in
accordance with the procedures prescribed by this By-Law 13, and if he or she
should so determine, he or she will so declare to the meeting and the defective
nomination will be disregarded.&nbsp; Notwithstanding the foregoing provisions of
this By-Law 13, a stockholder must also comply with all applicable requirements
of the Securities Exchange Act of 1934, as amended, and the rules and
regulations thereunder with respect to the matters set forth in this By-Law 13.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; At
every meeting of stockholders for the election of directors, duly called and
held at which a quorum is present, each director nominee shall be elected by
the affirmative vote of the majority of the votes cast by the holders of stock
present or represented by proxy at the meeting and entitled to vote in the
election at the meeting; provided, however, that in a contested election, where
the number of nominees exceeds the number of directors to be elected, directors
shall be elected by a plurality of the votes so cast on such nominees&#146; election
at the meeting.&nbsp; For purposes of this Section 13(d), the &#147;affirmative vote of
the majority of the votes cast&#148; shall mean that the number of votes cast &#147;for&#148;
a nominee&#146;s election exceeds the number of votes cast &#147;against&#148; that nominee&#146;s
election.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><u><font style="font-size: 11.0pt">Proxy</font></u><u><font style="font-size: 11.0pt">
Access for Director Nominations</font></u><font style="font-size: 11.0pt">.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:.5in;text-indent:.5in'><font style="font-size: 11.0pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font style="font-size: 11.0pt">The Company shall include in its
proxy statement for an annual meeting of the stockholders the name, together
with the Required Information (as defined below), of any person nominated for
election (a &#147;Stockholder Nominee&#148;) to the Board by a stockholder that
satisfies, or by a group of no more than 20 stockholders that satisfy, the
requirements of this proxy access By-Law (an &#147;Eligible Stockholder&#148;), and that
expressly elects at the time of providing the notice required by this clause
(e) of By-Law 13 (this &#147;proxy access By-Law&#148;) (the &#147;Nomination Notice&#148;) to have
its nominee included in the Company&#146;s proxy statement pursuant to this proxy
access By-Law.&nbsp; All Nomination Notices must be made pursuant to timely notice
in proper written form to the Secretary.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:.5in;text-indent:.5in'><font style="font-size: 11.0pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font style="font-size: 11.0pt">To be timely, a stockholder&#146;s
Nomination Notice must be delivered by personal delivery, overnight express
courier or U.S. mail, postage pre-paid, addressed to the Secretary and&nbsp;
received at the principal executive offices of the Company not earlier than the
close of business on the 150<sup>th</sup> calendar day and not later than the
close of business&nbsp; on&nbsp; the 120<sup>th</sup>&nbsp; calendar day prior to the one-year
anniversary of the date the Company commenced mailing of its proxy statement in
connection with of most recent annual meeting of the stockholders; <u>provided</u><i>,
</i><u>however</u>, that if the scheduled annual meeting date differs from such
anniversary date by more than 30 calendar days, notice by such Stockholder, to
be timely, must be so delivered or received not earlier than the close of
business on the 120<sup>th</sup> calendar day and not later than the close of
business on the later of the 60<sup>th</sup> calendar day prior to the date of
such annual meeting or, in the event that public announcement of the date of
the annual meeting is not made at least 75 calendar days prior to the date of
the annual meeting, notice by the stockholder to be timely must be so received
not later than the close of business on the 10th calendar day following the day
on which public announcement is first made of the date of the annual meeting.&nbsp;
In no event shall any adjournment, postponement or deferral of an annual
meeting or the announcement thereof commence a new time period (or extend any
time period) for the giving of a Nomination Notice as described above.&nbsp; For
purposes of this clause (e) of Bylaw 13, &#147;close of business&#148; shall mean 5:00
p.m. Eastern Time, on any calendar day, whether or not the day is a business
day, and the &#147;principal executive offices&#148; of the Company shall mean 7 West
Seventh Street, Cincinnati, Ohio 45202.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:.5in;text-indent:.5in'><font style="font-size: 11.0pt">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font style="font-size: 11.0pt">For purposes of this proxy access
By-Law, the &#147;Required Information&#148; that the Company will include in its proxy
statement is (A) the information concerning the Stockholder Nominee and the
Eligible Stockholder that is required to be disclosed in the Company&#146;s proxy
statement by the regulations promulgated under the Securities Exchange Act of
1934, as amended, and the rules and regulations thereunder; and (B) if the
Eligible Stockholder so elects, a Statement (as defined below).&nbsp; To be timely,
the Required Information must be delivered to or mailed and received by the
Secretary within the time period specified in this proxy access By-Law for
providing the Nomination Notice.&nbsp; Nothing in this proxy access By-Law shall
limit the Company&#146;s ability to solicit against and include in its proxy
statement its own statements relating to any Eligible Stockholder or
Stockholder Nominee. </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:.5in;text-indent:.5in'><font style="font-size: 11.0pt">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font style="font-size: 11.0pt">The number of Stockholder Nominees
(including Stockholder Nominees that were submitted by an Eligible Stockholder
for inclusion in the Company&#146;s proxy statement pursuant to this proxy access
By-Law but either are subsequently withdrawn or that the Board decides to
nominate as Board nominees) appearing in the Company&#146;s proxy statement with
respect to an annual meeting of the stockholders shall not exceed the greater
of 2 or 20% of the number of Directors in office as of the last day on which a
Nomination Notice may be delivered pursuant to this proxy access By-Law, or if
such amount is not a whole number, the closest whole number below 20%.&nbsp; In the
event that one or more vacancies for any reason occur on the Board after the
last day on which a Nomination Notice may be delivered pursuant to this proxy
access By-Law but before the date of the annual meeting and the Board resolves
to reduce the size of the Board in connection therewith, the maximum number of
Stockholder Nominees appearing in the Company&#146;s proxy statement shall be
calculated based on the number of Directors in office so reduced.&nbsp; </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:.5in'><font style="font-size: 11.0pt">For purposes of determining
when the maximum number of Stockholder Nominees provided for in this proxy
access By-Law has been reached, each of the following persons shall be counted
as one of the Stockholder Nominees: </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.25in;text-indent:-45.0pt'><font style="font-size: 11.0pt">(A) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; any
individual nominated by an Eligible Stockholder for inclusion in the Company&#146;s
proxy statement pursuant to this proxy access By-Law whose nomination is
subsequently withdrawn, </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.25in;text-indent:-45.0pt'><font style="font-size: 11.0pt">(B) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; any
individual nominated by an Eligible Stockholder for inclusion in the Company&#146;s
proxy statement pursuant to this proxy access By-Law whom the Board decides to
nominate for election to the Board and </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.25in;text-indent:-45.0pt'><font style="font-size: 11.0pt">(C) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; any
Director in office as of the last day on which a Nomination Notice may be
delivered who was included in the Company&#146;s proxy materials as a Stockholder
Nominee for either of the 2 preceding annual meetings of the stockholders and
whom the Board decides to nominate for re-election.&nbsp; </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:.5in'><font style="font-size: 11.0pt">Any Eligible Stockholder
submitting more than one Stockholder Nominee for inclusion in the Company&#146;s
proxy statement pursuant to this proxy access By-Law shall rank such
Stockholder Nominees based on the order in which the Eligible Stockholder
desires such Stockholder Nominees be selected for inclusion in the Company&#146;s
proxy statement in the event that the total number of Stockholder Nominees
submitted by Eligible Stockholders pursuant to this proxy access By-Law exceeds
the maximum number of Stockholder Nominees provided for in this proxy access
By-Law.&nbsp; In the event that the number of Stockholder Nominees submitted by
Eligible Stockholders pursuant to this proxy access By-Law exceeds this maximum
number, the highest ranking Stockholder Nominee who meets the requirements of
this proxy access By-Law from each Eligible Stockholder will be selected for
inclusion in the Company&#146;s proxy statement until the maximum number is reached,
going in order of the amount (largest to smallest) of shares of the capital
stock of the Company each Eligible Stockholder disclosed as owned in its
respective Nomination Notice submitted to the Company and confirmed by the
Company.&nbsp; If the maximum number is not reached after each Eligible Stockholder
has selected one Stockholder Nominee, this selection process will continue as
many times as necessary, following the same order each time, until the maximum
number is reached.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:.5in;text-indent:.5in'><font style="font-size: 11.0pt">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font style="font-size: 11.0pt">For purposes of this proxy access
By-Law, an Eligible Stockholder shall be deemed to &#147;own&#148; only those outstanding
shares of the capital stock of the Company as to which the stockholder
possesses both (A) the full voting and investment rights pertaining to the
shares and (B) the full economic interest in (including the opportunity for
profit and risk of loss on) such shares; provided that the number of shares
calculated in accordance with clauses (A) and (B) shall not include any shares
(1) sold by such stockholder or any of its affiliates in any transaction that
has not been settled or closed, (2) borrowed by such stockholder or any of its
affiliates for any purposes or purchased by such stockholder or any of its
affiliates pursuant to an agreement to resell or (3) subject to any option,
warrant, forward contract, swap, contract of sale, or other derivative or
similar agreement entered into by such stockholder or any of its affiliates,
whether any such instrument or agreement is to be settled with shares or with
cash based on the notional amount or value of shares of outstanding capital
stock of the Company, in any such case which instrument or agreement has, or is
intended to have, the purpose or effect of (X) reducing in any manner, to any
extent or at any time in the future, such stockholder&#146;s or its affiliates&#146; full
right to vote or direct the voting of any such shares, and/or (Y) hedging,
offsetting or altering to any degree gain or loss arising from the full
economic ownership of such shares by such stockholder or affiliate.&nbsp; A
stockholder shall &#147;own&#148; shares held in the name of a nominee or other
intermediary so long as the stockholder retains the right to instruct how the
shares are voted with respect to the election of Directors and possesses the
full economic interest in the shares.&nbsp; A person&#146;s ownership of shares shall be
deemed to continue during any period in which (XX) the person has loaned such
shares, provided that the person has the power to recall such loaned shares on
three business days&#146; notice; or (YY) the person has delegated any voting power
by means of a proxy, power of attorney or other instrument or arrangement that
is revocable at any time by the person.&nbsp; The terms &#147;owned,&#148; &#147;owning&#148; and other
variations of the word &#147;own&#148; shall have correlative meanings.&nbsp; Whether
outstanding shares of the capital stock of the Company are &#147;owned&#148; for these
purposes shall be determined by the Board or a committee thereof, which
determination shall be conclusive and binding on the Company and its
stockholders.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:.5in;text-indent:.5in'><font style="font-size: 11.0pt">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font style="font-size: 11.0pt">An Eligible Stockholder must have
owned (as defined above) continuously for at least 3 years that number of
shares of capital stock as shall constitute 3% or more of the outstanding
capital stock of the Company (the &#147;Required Shares&#148;) as of </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.25in;text-indent:-45.0pt'><font style="font-size: 11.0pt">(A) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; a
date within 7 days prior to the date of the Nomination Notice, </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.25in;text-indent:-45.0pt'><font style="font-size: 11.0pt">(B) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the
record date for determining stockholders entitled to vote at the annual
meeting, and </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.25in;text-indent:-45.0pt'><font style="font-size: 11.0pt">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
the date of the annual meeting.&nbsp; </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:.5in'><font style="font-size: 11.0pt">For purposes of satisfying the
foregoing ownership requirement under this proxy access By-Law, (X) the shares
of the capital stock of the Company owned by one or more stockholders, or by
the person or persons who own shares of the capital stock of the Company and on
whose behalf any stockholder is acting, may be aggregated, provided that the
number of stockholders and other persons whose ownership of shares of capital
stock of the Company is aggregated for such purpose shall not exceed 20, and
(Y) a group of funds under common management and investment control shall be
treated as one stockholder or person for this purpose.&nbsp; Whenever the Eligible
Stockholder consists of a group of stockholders, each provision in this proxy
access By-Law that requires the Eligible Stockholder to provide any written
statements, representations, undertakings, agreements or other instruments or
to meet any other conditions shall be deemed to require each stockholder that
is a member of such group to provide such statements, representations,
undertakings, agreements or other instruments and to meet such other conditions
(except that the members of such group may aggregate their shareholdings in
order to meet the 3% ownership requirement of the &#147;Required Shares&#148;
definition), a breach of any obligation, agreement or representation under this
proxy access By-Law by any member of such group shall be deemed a breach by the
Eligible Stockholder. No person may be a member of more than one group of
persons constituting an Eligible Stockholder under this proxy access By-Law.&nbsp;
For the avoidance of doubt, if a group of stockholders aggregates ownership or
shares in order to meet the requirements under this proxy access By-Law, all
shares held by each stockholder constituting their contribution to the
foregoing 3% threshold must be held by that stockholder continuously for at
least 3 years, and evidence of such continuous ownership shall be provided as
specified in clause (e)(vii) of By-Law 13.&nbsp; A stockholder may withdraw from a
group of stockholders at any time prior to the annual meeting of the
stockholders and if, as a result of such withdrawal, the Eligible Stockholder
no longer owns the Required Shares, the nomination shall be disregarded as
provided in clause (e)(xii) of this By-Law 13. </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:.5in;text-indent:.5in'><font style="font-size: 11.0pt">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font style="font-size: 11.0pt">Within the time period specified
in this proxy access By-Law for providing the Nomination Notice, an Eligible
Stockholder must provide the following information in writing to the Secretary
of the Company:</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.25in;text-indent:-45.0pt'><font style="font-size: 11.0pt">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;with respect to the Eligible
Stockholder and each stockholder that is a member of a group of stockholders
constituting the Eligible Stockholder, if any, the information and
representations that would be required to be set forth in a stockholder&#146;s
notice of a nomination pursuant to clause (c) of this By-Law 13;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.25in;text-indent:-45.0pt'><font style="font-size: 11.0pt">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;one or more written statements
from the record holder of the shares (and from each intermediary through which the
shares are or have been held during the requisite 3-year holding period)
verifying that, as of a date within 7 calendar days prior to the date of the
Nomination Notice, the Eligible Stockholder owns, and has owned continuously
for the preceding 3 years, the Required Shares, and the Eligible Stockholder&#146;s
agreement to provide, within 5 business days after the record date for the
annual meeting, written statements from the record holder and intermediaries
verifying the Eligible Stockholder&#146;s continuous ownership of the Required
Shares through the record date;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.25in;text-indent:-45.0pt'><font style="font-size: 11.0pt">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the
written consent of each Stockholder Nominee to being named in the proxy
statement as a nominee and to serving as a Director if elected;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.25in;text-indent:-45.0pt'><font style="font-size: 11.0pt">(D)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; for
each Stockholder Nominee, a written questionnaire with respect to the
background and qualification of such person and the background of any other
person or entity on whose behalf the nomination is made (which questionnaire
shall be in the form provided by the Secretary in the form provided by the Secretary
upon written request) and;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.25in;text-indent:-45.0pt'><font style="font-size: 11.0pt">(E)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; a
copy of the Schedule 14N that has been filed with the Securities and Exchange
Commission as required by Rule 14a-18 under the Exchange Act, as such rule may
be amended;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.25in;text-indent:-45.0pt'><font style="font-size: 11.0pt">(F)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
representation that the Eligible Stockholder (including each member of any
group of stockholders that together is an Eligible Stockholder under this proxy
access By-Law) </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.75in;text-indent:-.5in'><font style="font-size: 11.0pt">(1) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; acquired
the Required Shares in the ordinary course of business and not with the intent
to change or influence control at the Company, and does not presently have such
intent, </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.75in;text-indent:-.5in'><font style="font-size: 11.0pt">(2) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; has
not nominated and will not nominate for election to the Board at the annual
meeting any person other than the Stockholder Nominee(s) being nominated
pursuant to this proxy access By-Law,</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.75in;text-indent:-.5in'><font style="font-size: 11.0pt">(3) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; has
not engaged and will not engage in, and has not and will not be a &#147;participant&#148;
in another person&#146;s, &#147;solicitation&#146;&#146; within the meaning of Rule 14a-l(l) under
the Exchange Act in support of the election of any individual as a Director at
the annual meeting other than its Stockholder Nominee or a nominee of the
Board, </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.75in;text-indent:-.5in'><font style="font-size: 11.0pt">(4) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; will
not distribute to any stockholder any form of proxy for the annual meeting
other than the form distributed by the Company, </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.75in;text-indent:-.5in'><font style="font-size: 11.0pt">(5) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; is
entitled to vote at the annual meeting and intends to appear at the annual
meeting in person or by proxy to nominate the Stockholder Nominee(s), </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.75in;text-indent:-.5in'><font style="font-size: 11.0pt">(6)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
intends to continue to own the Required Shares through the date of the annual
meeting,</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.75in;text-indent:-.5in'><font style="font-size: 11.0pt">(7) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; will
provide facts, statements and other information in all communications with the
Company and its stockholders that are or will be true and correct in all
material respects and do not and will not omit to state a material fact
necessary in order to make the statements made, in light of the circumstances
under which they were made, not misleading, and </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.75in;text-indent:-.5in'><font style="font-size: 11.0pt">(8)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; in
the case of a nomination by a group of stockholders that together is an
Eligible Stockholder, the designation by all group members of one group member
for purposes of receiving communications, notices and inquiries from the
Company and authorization of all group members of such designated group member
to act on behalf of all members with respect to the nomination and matters
related thereto, including any withdrawal of the nomination; </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.25in;text-indent:-45.0pt'><font style="font-size: 11.0pt">(G)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; an
undertaking that the Eligible Stockholder agrees to</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.75in;text-indent:-.5in'><font style="font-size: 11.0pt">(1) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; own
the Required Shares through the date of the annual meeting, </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.75in;text-indent:-.5in'><font style="font-size: 11.0pt">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
assume all liability stemming from any legal or regulatory violation arising
out of the Eligible Stockholder&#146;s communications with the stockholders of the
Company or out of the information that the Eligible Stockholder provided to the
Company, </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.75in;text-indent:-.5in'><font style="font-size: 11.0pt">(3) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; indemnify
and hold harmless the Company and each of its Directors, officers and employees
individually against any liability, loss or damages in connection with any
threatened or pending action, suit or proceeding, whether legal, administrative
or investigative, against the Company or any of its Directors, officers or
employees arising out of any nomination, solicitation or other activity by the
Eligible Stockholder in connection with its efforts to elect the Stockholder
Nominee pursuant to this proxy access By-Law, </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.75in;text-indent:-.5in'><font style="font-size: 11.0pt">(4) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; comply
with all other laws and regulations applicable to any solicitation in
connection with the annual meeting, and</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.75in;text-indent:-.5in'><font style="font-size: 11.0pt">(5) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; provide
to the Company prior to the annual meeting such additional information as
necessary with respect thereto, including without limitation any information
related to the Stockholder Nominee or his or her nomination which may be
required to be (aa) disclosed under the DGCL or applicable listing standards of
the any stock exchange or quotation system on which the capital stock of the
Company is traded or quoted or (bb) included in a proxy statement filed
pursuant to the proxy rules of the Securities and Exchange Commission; </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.25in;text-indent:-45.0pt'><font style="font-size: 11.0pt">(H)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; as
to any group of funds whose shares are aggregated for purposes of constituting
an Eligible Stockholder, provide documentation reasonably satisfactory to the
Company that demonstrates that the funds satisfy clause (e)(vi) of this By-Law
13; and</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.25in;text-indent:-45.0pt'><font style="font-size: 11.0pt">(I)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the
Eligible Stockholder&#146;s agreement to provide, not later than 5 business days
after the record date for the annual meeting and not later than 7 business days
prior to the annual meeting or any adjournment or postponement thereof, </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.75in;text-indent:-.5in'><font style="font-size: 11.0pt">(1) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; any
such written updates or supplements necessary to ensure that the information
previously provided or required to be provided shall be true and correct as of
the record date of the annual meeting and as of the date that is 10 business
days prior to the annual meeting or any adjournment or postponement thereof,
respectively, or </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.75in;text-indent:-.5in'><font style="font-size: 11.0pt">(2) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; a
written certificate that no such updates or supplements are necessary and that
the information previously provided or required to be provided remains true and
correct in all material respects and does not omit to state a material fact
necessary in order to make the statements made, in light of the circumstances
under which they were made, not misleading, as of both dates.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:.5in'><font style="font-size: 11.0pt">Notwithstanding the foregoing
provisions of this proxy access By-Law, an Eligible Stockholder must comply
with all applicable requirements of the Securities Exchange Act of 1934, as
amended, and the rules and regulations thereunder with respect to the matters
set forth in this proxy access By-Law.&nbsp; The inspector of elections shall not
give effect to the Eligible Stockholder&#146;s votes with respect to the election of
Directors if the Eligible Stockholder does not comply with each of the
representations in this clause (e)(vii) of By-Law 13.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:.5in;text-indent:.5in'><font style="font-size: 11.0pt">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font style="font-size: 11.0pt">The Eligible Stockholder may
provide to the Secretary of the Company, at the time the information required
by this proxy access By-Law is provided, a written statement for inclusion in
the Company&#146;s proxy statement for the annual meeting, not to exceed 500 words,
in support of the Stockholder Nominee&#146;s candidacy (the &#147;Statement&#148;).&nbsp;
Notwithstanding anything to the contrary contained in this proxy access By-Law,
the Company may omit from its proxy statement any information or Statement (or
portion thereof) that it, in good faith, believes would violate any applicable
law or regulation.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:.5in;text-indent:.5in'><font style="font-size: 11.0pt">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font style="font-size: 11.0pt">Within the time period specified
in this proxy access By-Law for delivering the Nomination Notice, a Stockholder
Nominee must deliver to the Secretary of the Company a written representation
and agreement that the Stockholder Nominee </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.25in;text-indent:-45.0pt'><font style="font-size: 11.0pt">(A) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;is
not and will not become a party to any agreement, arrangement or understanding
with, and has not given any commitment or assurance to, any person or entity as
to how such person, if elected as a Director of the Company, will act or vote
on any issue or question that has not been disclosed to the Company, </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.25in;text-indent:-45.0pt'><font style="font-size: 11.0pt">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;is not and will not become a party to any agreement, arrangement or
understanding with any person or entity with respect to any direct or indirect
compensation, reimbursement or indemnification in connection with service or
action as a Stockholder Nominee that has not been disclosed to the Company, and
is not and will not become a party to any agreement, arrangement, or
understanding with any person other than the Company with respect to any direct
or indirect compensation, reimbursement, or indemnification in connection with
service or action as a Director, and </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.25in;text-indent:-45.0pt'><font style="font-size: 11.0pt">(C) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; will
comply with all the Company&#146;s corporate governance, conflict of interest,
confidentiality and stock ownership and trading policies and guidelines, and
any other Company policies and guidelines applicable to Directors, as well as
any applicable law, rule or regulation or listing requirement.&nbsp; </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:.5in'><font style="font-size: 11.0pt">At the request of the Company,
the Stockholder Nominee must submit all completed and signed questionnaires
required of the Company&#146;s Directors and officers.&nbsp; At the request of the
Company, the Stockholder Nominee must promptly, but in any event within 5
business days after such request, submit all such information as the Company
may reasonably request. The Company may request such additional information as
necessary to permit the Board to determine if each Stockholder Nominee
satisfies this proxy access By-Law, including such additional information as
necessary to permit the Board to determine if each Stockholder Nominee is
independent under the listing standards of the principal U.S. exchange upon
which the Company&#146;s capital stock is listed, any applicable rules of the
Securities and Exchange Commission and any publicly disclosed standards used by
the Board in determining and disclosing the independence of the Company&#146;s
Directors (the &#147;Applicable Independence Standards&#148;).&nbsp; If the Board determines
that the Stockholder Nominee is not independent under the Applicable Independence
Standards, the Stockholder Nominee will not be eligible for inclusion in the
Company&#146;s proxy statement.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:.5in;text-indent:.5in'><font style="font-size: 11.0pt">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any Stockholder Nominee who is
included in the Company&#146;s proxy statement for a particular annual meeting of
the stockholders but either (A) withdraws from or becomes ineligible or
unavailable for election at the annual meeting, or (B) does not receive at
least 25% of the votes cast &#147;for&#148; the Stockholder Nominee&#146;s election, will be
ineligible to be a Stockholder Nominee pursuant to this proxy access By-Law for
the next 2 annual meetings.
</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:.5in;text-indent:.5in'><font style="font-size: 11.0pt">(xi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font style="font-size: 11.0pt">The Company shall not be required
to include, pursuant to this proxy access By-Law, any Stockholder Nominees in
its proxy statement for any meeting of the stockholders </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.25in;text-indent:-45.0pt'><font style="font-size: 11.0pt">(A) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; for
which the Secretary of Company receives a notice that a stockholder has
nominated a person for election to the Board (whether or not withdrawn)
pursuant to the advance notice requirements for stockholder nominees for
Director set forth in this By-Law 13 and such stockholder does not expressly elect
at the time of providing the notice to have its nominee included in the
Company&#146;s proxy statement pursuant to this clause (e) of By-Law 13, </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.25in;text-indent:-45.0pt'><font style="font-size: 11.0pt">(B) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; if
the Eligible Stockholder who has nominated such Stockholder Nominee has engaged
in or is currently engaged in, or has been or is a &#147;participant&#148; in another
person&#146;s, &#145;&#145;solicitation&#148; within the meaning of Rule 14a-1(1) under the
Exchange Act in support of the election of any individual as a Director at the
meeting other than its Stockholder Nominee(s) or a nominee of the Board,</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.25in;text-indent:-45.0pt'><font style="font-size: 11.0pt">(C) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; who
is not independent under the Applicable Independence Standards, as determined
by the Board, </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.25in;text-indent:-45.0pt'><font style="font-size: 11.0pt">(D) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; whose
election as a member of the Board would cause the Company to be in violation of
these Bylaws, the Certificate of Incorporation, the listing standards of the
principal exchange upon which the Company&#146;s capital stock is traded, or any
applicable law, rule or regulation, </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.25in;text-indent:-45.0pt'><font style="font-size: 11.0pt">(E) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; who
is or has been, within the past three years, an officer or director of a
competitor, as defined in Section 8 of the Clayton Antitrust Act of 1914, </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.25in;text-indent:-45.0pt'><font style="font-size: 11.0pt">(F) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; who
is a named subject of a pending criminal proceeding (excluding traffic
violations and other minor offenses) or has been convicted in such a criminal
proceeding within the past 10 years,</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.25in;text-indent:-45.0pt'><font style="font-size: 11.0pt">(G) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; who
is subject to any order of the type specified in Rule 506(d) of Regulation D
promulgated under the Securities Act of 1933, as amended,</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.25in;text-indent:-45.0pt'><font style="font-size: 11.0pt">(H) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; if
such Stockholder Nominee or the applicable Eligible Stockholder shall have
provided information to the Company in respect to such nomination that was
untrue in any material respect or omitted to state a material fact necessary in
order to make the statement made, in light of the circumstances under which it
was made, not misleading, as determined by the Board, or</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.25in;text-indent:-45.0pt'><font style="font-size: 11.0pt">(I) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; if
the Eligible Stockholder or applicable Stockholder Nominee otherwise breaches
or contravenes any of the agreements or representations made by such Eligible
Stockholder or Stockholder Nominee or fails to comply with its obligations
pursuant to this proxy access By-Law.&nbsp; In addition, any Eligible Stockholder
(or any member of a group constituting an Eligible Stockholder) whose
Stockholder Nominee is elected as a Director at an annual meeting of
stockholders will not be eligible to nominate or participate in the nomination
of a Stockholder Nominee for the following 2 annual meetings, other than the
nomination of any such previously elected Stockholder Nominee.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:.5in;text-indent:.5in'><font style="font-size: 11.0pt">(xii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font style="font-size: 11.0pt">Notwithstanding anything to the
contrary set forth herein, the Board or the person presiding at the meeting
shall declare a nomination by an Eligible Stockholder to be invalid, and such
nomination shall be disregarded notwithstanding that proxies in respect of such
vote may have been received by the Company, if (A) the Stockholder Nominee(s)
and/or the applicable Eligible Stockholder shall have breached its or their
obligations, agreements or representations under this proxy access By-Law, as
determined by the Board or the person presiding at the annual meeting of the
stockholders, or (B) the Eligible Stockholder (or a qualified representative
thereof) does not appear at the annual meeting of the stockholders to present
any nomination pursuant to this proxy access By-Law.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:.5in;text-indent:.5in'><font style="font-size: 11.0pt">(xiii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font style="font-size: 11.0pt">The Eligible Stockholder
(including any person who owns shares of capital stock of the Company that
constitute part of the Eligible Stockholder&#146;s ownership for purposes of
satisfying clause (e)(vi) of this By-Law 13) shall file with the Securities and
Exchange Commission any solicitation or other communication with the Company&#146;s
stockholders relating to the annual meeting at which the Stockholder Nominee
will be nominated, regardless of whether any such filing is required under
Regulation 14A of the Exchange Act or whether any exemption from filing is
available for such solicitation or other communication under Regulation 14A of
the Exchange Act.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:.5in;text-indent:.5in'><font style="font-size: 11.0pt">(xiv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font style="font-size: 11.0pt">In the event that any information
or communications provided by the Eligible Stockholder or any Stockholder
Nominees to the Company or its stockholders is not, when provided, or
thereafter ceases to be, true, correct and complete in all material respects
(including omitting a material fact necessary to make the statements made, in
light of the circumstances under which they were made, not misleading), each
Eligible Stockholder or Stockholder Nominee, as the case may be, shall promptly
notify the Secretary and provide the information that is required to make such
information or communication true, correct, complete and not misleading</font><font style="font-size: 11.0pt">&#894;</font><font style="font-size: 11.0pt"> it being
understood that providing any such notification shall not be deemed to cure any
such defect or limit the Company&#146;s right to omit a Stockholder Nominee from its
proxy statement pursuant to this proxy access By-Law.&nbsp; </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:.5in;text-indent:.5in'><font style="font-size: 11.0pt">(xv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board (and any other person or
body authorized by the Board) shall have the power and authority to interpret
this proxy access By-Law and to make any and all determinations necessary or
advisable to apply this proxy access By-Law to any persons, facts or
circumstances, including the power to determine (A) whether one or more
stockholders or beneficial owners qualifies as an Eligible Stockholder, (B)
whether a Nomination Notice complies with this proxy access By-Law and has
otherwise met the requirements of this proxy access By-Law, (C) whether a
Nomination Nominee satisfies the qualifications and requirements in this proxy
access By-Law, and (D) whether any and all requirements of this proxy access
By-Law have been satisfied. Any such interpretation or determination adopted in
good faith by the Board (or any other person or body authorized by the Board)
shall be binding on all persons, including the Company and its stockholders
(including any beneficial owners). Any such interpretation or determination
adopted in good faith by the Board (or any other person or body authorized by
the Board) shall be binding on all persons, including the Company and its
stockholders (including any beneficial owners).&nbsp; This proxy access By-Law shall
be the exclusive method for stockholders to include nominees for Director
election in the Company&#146;s proxy statement.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Resignation</b>.&nbsp;
Any Director may resign at any time by giving written notice of his resignation
to the Chairman or the Secretary.&nbsp; Any resignation will be effective upon
actual receipt by any such person or, if later, as of the date and time
specified in such written notice.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regular
Meetings</b>.&nbsp; Regular meetings of the Board may be held immediately after the
annual meeting of the stockholders and at such other time and place either
within or without the State of Delaware as may from time to time be determined
by the Board.&nbsp; Notice of regular meetings of the Board need not be given.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Special
Meetings</b>.&nbsp; Special meetings of the Board may be called by the Chairman or
the President on one day's notice to each Director by whom such notice is not
waived, given either personally or by mail, telephone, telegram, telex,
facsimile, or similar medium of communication, and will be called by the
Chairman or the President in, like manner and on like notice on the written
request of five or more Directors.&nbsp; Special meetings of the Board may be held
at such time and place either within or without the State of Delaware as is
determined by the Board or specified in the notice of any such meeting.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Quorum</b>.&nbsp;
At all meetings of the Board, a majority of the total number of Directors then
in office will constitute a quorum for the transaction of business.&nbsp; Except for
the designation of committees as hereinafter provided and except for actions
required by these By-Laws or the Certificate of Incorporation to be taken by a
majority of the Whole Board, the act of a majority of the Directors present at
any meeting at which there is a quorum will be the act of the Board.&nbsp; If a
quorum is not present at any meeting of the Board, the Directors present
thereat may adjourn the meeting from time to time to another place, time, or
date, without notice other than announcement at the meeting, until a quorum is
present.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Participation
in Meetings by Telephone Conference</b>.&nbsp; Members of the Board or any committee
designated by the Board may participate in a meeting of the Board or any such
committee, as the case may be, by means of telephone conference or similar
means by which all persons participating in the meeting can hear each other,
and such participation in a meeting will constitute presence in person at the
meeting.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Committees</b>.&nbsp;
</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
Board, by resolution passed by a majority of the Whole Board, may designate one
or more committees, each such committee to consist of one or more Directors and
each to have such lawfully delegable powers and duties as the Board may confer.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Each
committee of the Board will serve at the pleasure of the Board or as may be
specified in any resolution from time to time adopted by the Board.&nbsp; The Board
may designate one or more Directors as alternate members of any such committee,
who may replace any absent or disqualified member at any meeting of such
committee.&nbsp; In lieu of such action by the Board, in the absence or
disqualification of any member of a committee of the Board, the members thereof
present at any such meeting of such committee and not disqualified from voting,
whether or not they constitute a quorum, may unanimously appoint another member
of the Board to act at the meeting in the place of any such absent or
disqualified member.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Except
as otherwise provided in these By-Laws or by law, any committee of the Board,
to the extent provided in the resolution of the Board, will have and may
exercise all the powers and authority of the Board in the direction of the
management of the business and affairs of the Company.&nbsp; Any such committee
designated by the Board will have such name as may be determined from time to
time by resolution adopted by the Board.&nbsp; Unless otherwise prescribed by the
Board, a majority of the members of any committee of the Board will constitute
a quorum for the transaction of business, and the act of a majority of the
members present at a meeting at which there is a quorum will be the act of such
committee.&nbsp; Each committee of the Board may prescribe its own rules for calling
and holding meetings and its method of procedure, subject to any rules
prescribed by the Board, and will keep a written record of all actions taken by
it.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All of
the members of any committee the primary responsibilities of which include (i)
reviewing the professional services to be provided by the Company's independent
auditors and the independence of such firm from the Company's management,
reviewing financial statements with management or independent auditors, and/or
reviewing internal accounting controls, (ii) reviewing and approving salaries
and other compensation, whether cash or non&#8209;cash, and benefits of the
Company's executive officers, or (iii) recommending candidates to the Board for
nomination for election to the Board, and a majority of the members of each
other directorate committee that the Board may from time to time establish will
be Non&#8209;Employee Directors.&nbsp; For purposes of these By-Laws,
&quot;Non-Employee Director&quot; means any Director who is not a full-time
employee of the Company or any subsidiary of the Company.&nbsp; Notwithstanding any
provision of the Certificate of Incorporation or these By-Laws to the contrary,
this By-Law 19(d) may not be amended or repealed by the Board, and no provision
inconsistent therewith may be adopted by the Board, without the affirmative
vote of the holders of at least a majority of the Common Stock present or
represented by proxy at an annual or special meeting of stockholders and
actually voted on the matter.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Without
limiting the effect of By-Law 19(d), all of the members of each of the
committees referred to in the first sentence of By-Law 19(d) and a majority of
the members of each directorate committee that the Board may from time to time
establish will be Independent Directors unless and to the extent that a
majority of the Independent Directors then serving as members of the Board
determines in a specific instance that it would be in the best interests of the
Company and its stockholders that this By-Law 19(e) not operate to preclude the
services of one or more individuals on one or more such committees.&nbsp; For
purposes of this By-Law 19(e), the term &quot;Independent Director&quot; means
any Director who satisfies the criteria for Director independence adopted by
the Board from time to time. </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Compensation</b>.&nbsp;
The Board may establish the compensation for, and reimbursement of the expenses
of, Directors for membership on the Board and on committees of the Board,
attendance at meetings of the Board or committees of the Board, and for other
services by Directors to the Company or any of its majority-owned subsidiaries.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>21.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rules</b>.&nbsp;
The Board may adopt rules and regulations for the conduct of meetings and the
oversight of the management of the affairs of the Company.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:24.0pt;text-align:center'><b><font style="font-size: 11.0pt">NOTICES</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>22.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Generally</b>.&nbsp;
Except as otherwise provided by law, these By&#8209;Laws, or the Certificate of
Incorporation, whenever by law or under the provisions of the Certificate of
Incorporation or these By-Laws notice is required to be given to any Director
or stockholder, it will not be construed to require personal notice, but such
notice may be given in writing, by mail, addressed to such Director or
stockholder, at the address of such Director or stockholder as it appears on
the records of the Company, with postage thereon prepaid, and such notice will
be deemed to be given at the time when the same is deposited in the United
States mail.&nbsp; Notice to Directors may also be given by telephone, telegram,
telex, facsimile, or similar medium of communication or as otherwise may be
permitted by these By-Laws.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>23.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Waivers</b>.&nbsp;
Whenever any notice is required to be given by law or under the provisions of
the Certificate of Incorporation or these By-Laws, a waiver thereof in writing,
signed by the person or persons entitled to such notice, whether before or after
the time of the event for which notice is to be given, will be deemed
equivalent to such notice.&nbsp; Attendance of a person at a meeting will constitute
a waiver of notice of such meeting, except when the person attends a meeting
for the express purpose of objecting, at the beginning of the meeting, to the
transaction of any business because the meeting is not lawfully called or
convened.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:24.0pt;text-align:center'><b><font style="font-size: 11.0pt">OFFICERS</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>24.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Generally</b>.&nbsp;
The officers of the Company will be elected by the Board and will consist of a
Chairman (who, unless the Board specifies otherwise, will also be the Chief
Executive Officer), a President, a Secretary, and a Treasurer.&nbsp; The Board of
Directors may also choose any or all of the following:&nbsp; one or more Vice
Chairmen, one or more Assistants to the Chairman, one or more Vice Presidents
(who may be given particular designations with respect to authority, function,
or seniority), and such other officers as the Board may from time to time
determine.&nbsp; Notwithstanding the foregoing, by specific action the Board may
authorize the Chairman to appoint any person to any office other than Chairman,
President, Secretary, or Treasurer.&nbsp; Any number of offices may be held by the
same person.&nbsp; Any of the offices may be left vacant from time to time as the
Board may determine.&nbsp; In the case of the absence or disability of any officer
of the Company or for any other reason deemed sufficient by a majority of the
Board, the Board may delegate the absent or disabled officer's powers or duties
to any other officer or to any Director.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>25.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Compensation</b>.&nbsp;
The compensation of all officers and agents of the Company who are also
Directors of the Company will be fixed by the Board or by a committee of the
Board.&nbsp; The Board may fix, or delegate the power to fix, the compensation of
other officers and agents of the Company to an officer of the Company.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>26.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Succession</b>.&nbsp;
The officers of the Company will hold office until their successors are elected
and qualified.&nbsp; Any officer may be removed at any time by the affirmative vote
of a majority of the Whole Board.&nbsp; Any vacancy occurring in any office of the
Company may be filled by the Board or by the Chairman as provided in By-Law 24.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><b><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Authority
and Duties</font></b><font style="font-size: 11.0pt">.&nbsp; Each of the officers of
the Company will have such authority and will perform such duties as are
customarily incident to their respective offices or as may be specified from
time to time by the Board.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.5in'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b><font style="font-size: 11.0pt">STOCK</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><b><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certificates</font></b><font style="font-size: 11.0pt">.&nbsp; The Board may provide by resolution or resolutions
that some or all of any or all classes or series of the stock of the Company
shall be uncertificated shares.&nbsp; Certificates, if any, representing shares of
stock of the Company will be in such form as is determined by the Board,
subject to applicable legal requirements.&nbsp; Each such certificate will be numbered
and its issuance recorded in the books of the Company, and such certificate
will exhibit the holder's name and the number of shares and will be signed by,
or in the name of, the Company by the Chairman and the Secretary or an
Assistant Secretary, or the Treasurer or an Assistant Treasurer, and will also
be signed by, or bear the facsimile signature of, a duly authorized officer or
agent of any properly designated transfer agent of the Company.&nbsp; Any or all of
the signatures and the seal of the Company, if any, upon such certificates may
be facsimiles, engraved, or printed.&nbsp; Such certificates may be issued and
delivered notwithstanding that the person whose facsimile signature appears
thereon may have ceased to be such officer at the time the certificates are
issued and delivered. </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><b><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Classes
of Stock</font></b><font style="font-size: 11.0pt">.&nbsp; Except with respect to
uncertificated shares, the designations, preferences, and relative
participating, optional, or other special rights of the various classes of
stock or series thereof, and the qualifications, limitations, or restrictions
thereof, will be set forth in full or summarized on the face or back of the
certificates which the Company issues to represent its stock or, in lieu
thereof, such certificates will set forth the office of the Company from which
the holders of certificates may obtain a copy of such information.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>30.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lost,
Stolen, or Destroyed Certificates</b>.&nbsp; The Secretary may direct a new
certificate or certificates to be issued in place of any certificate or
certificates theretofore issued by the Company alleged to have been lost,
stolen, or destroyed, upon the making of an affidavit of that fact,
satisfactory to the Secretary, by the person claiming the certificate of stock
to be lost, stolen, or destroyed.&nbsp; As a condition precedent to the issuance of
a new certificate or certificates, the Secretary may require the owners of such
lost, stolen, or destroyed certificate or certificates to give the Company a
bond in such sum and with such surety or sureties as the Secretary may direct
as indemnity against any claims that may be made against the Company with
respect to the certificate alleged to have been lost, stolen, or destroyed or
the issuance of the new certificate.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>31.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Record
Dates</b>.&nbsp; (a) In order that the Company may determine the stockholders
entitled to notice of or to vote at any meeting of stockholders or any
adjournment thereof, the Board may fix a record date, which will not be more
than 60 nor less than 10 calendar days before the date of such meeting.&nbsp; If no
record date is fixed by the Board, the record date for determining stockholders
entitled to notice of or to vote at a meeting of stockholders will be at the
close of business on the calendar day next preceding the day on which notice is
given, or, if notice is waived, at the close of business on the calendar day
next preceding the day on which the meeting is held.&nbsp; A determination of
stockholders of record entitled to notice of or to vote at a meeting of the
stockholders will apply to any adjournment of the meeting; provided, however,
that the Board may fix a new record date for the adjourned meeting.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In
order that the Company may determine the stockholders entitled to receive
payment of any dividend or other distribution or allotment of any rights or the
stockholders entitled to exercise any rights in respect of any change,
conversion, or exchange of stock, or for the purpose of any other lawful
action, the Board may fix a record date, which record date will not be more
than 60 calendar days prior to such action.&nbsp; If no record date is fixed, the
record date for determining stockholders for any such purpose will be at the
close of business on the calendar day on which the Board adopts the resolution
relating thereto.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
Company will be entitled to treat the person in whose name any share of its
stock is registered as the owner thereof for all purposes, and will not be
bound to recognize any equitable or other claim to, or interest in, such share
on the part of any other person, whether or not the Company has notice thereof,
except as expressly provided by applicable law.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:24.0pt;text-align:center'><b><font style="font-size: 11.0pt">INDEMNIFICATION</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>32.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Damages
and Expenses</b>.&nbsp; (a) Without limiting the generality or effect of Article
Ninth of the Certificate of Incorporation, the Company will to the fullest
extent permitted by applicable law as then in effect indemnify any person (an
&quot;Indemnitee&quot;) who is or was involved in any manner (including without
limitation as a party or a witness) or is threatened to be made so involved in
any threatened, pending, or completed investigation, claim, action, suit, or
proceeding, whether civil, criminal, administrative, or investigative
(including without limitation any action, suit, or proceeding by or in the
right of the Company to procure a judgment in its favor) (a
&quot;Proceeding&quot;) by reason of the fact that such person is or was or had
agreed to become a Director, officer, employee, or agent of the Company, or is
or was serving at the request of the Board or an officer of the Company as a
director, officer, employee, or agent of another corporation, partnership,
joint venture, trust, or other entity, whether for profit or not for profit
(including the heirs, executors, administrators, or estate of such person), or
anything done or not by such person in any such capacity, against all expenses
(including attorneys' fees), judgments, fines, and amounts paid in settlement
actually and reasonably incurred by such person in connection with such
Proceeding.&nbsp; Such indemnification will be a contract right and will include the
right to receive payment in advance of any expenses incurred by an Indemnitee
in connection with such Proceeding, consistent with the provisions of
applicable law as then in effect.&nbsp; No change in applicable law or amendment or
repeal of any provision of the Certificate of Incorporation or By-Laws will
adversely affect any right or protection existing hereunder, or arising out of
facts occurring, prior to such change, amendment, or repeal.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
right of indemnification provided in this By-Law 32 will not be exclusive of
any other rights to which any person seeking indemnification may otherwise be
entitled, and will be applicable to Proceedings commenced or continuing after
the adoption of this By-Law 32, whether arising from acts or omissions
occurring before or after such adoption.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In
furtherance, but not in limitation of the foregoing provisions, the following
procedures, presumptions, and remedies will apply with respect to advancement
of expenses and the right to indemnification under this By-Law 32:</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.5in;text-indent:-.5in'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (i)&nbsp;&nbsp;&nbsp;&nbsp; All reasonable expenses
incurred by or on behalf of an Indemnitee in connection with any Proceeding
will be advanced to the Indemnitee by the Company within 30 calendar days after
the receipt by the Company of a statement or statements from the Indemnitee
requesting such advance or advances from time to time, whether prior to or
after final disposition of such Proceeding.&nbsp; Such statement or statements will
describe in reasonable detail the expenses incurred by the Indemnitee and, if
and to the extent required by law at the time of such advance, will include or
be accompanied by an undertaking by or on behalf of the Indemnitee to repay
such amounts advanced as to which it may ultimately be determined that the
Indemnitee is not entitled.&nbsp; If such an undertaking is required by law at the
time of an advance, no security will be required for such undertaking and such
undertaking will be accepted without reference to the recipient's financial
ability to make repayment.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.5in;text-indent:-.5in'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ii)&nbsp;&nbsp;&nbsp;&nbsp; To obtain
indemnification under this By-Law 32, the Indemnitee will submit to the
Secretary a written request, including such documentation supporting the claim
as is reasonably available to the Indemnitee and is reasonably necessary to
determine whether and to what extent the Indemnitee is entitled to indemnification
(the &quot;Supporting Documentation&quot;).&nbsp; The determination of the
Indemnitee's entitlement to indemnification will be made not less than 60
calendar days after receipt by the Company of the written request for
indemnification together with the Supporting Documentation.&nbsp; The Secretary will
promptly upon receipt of such a request for indemnification advise the Board in
writing that the Indemnitee has requested indemnification.&nbsp; The Indemnitee's
entitlement to indemnification under this By-Law 32 will be determined in one
of the following ways:&nbsp; (A) by a majority vote of the Disinterested Directors
(as hereinafter defined), if they constitute a quorum of the Board, or, in the
case of an Indemnitee that is not a present or former officer of the Company,
by any committee of the Board or committee of officers or agents of the Company
designated for such purpose by a majority of the Whole Board; (B) by a written
opinion of Independent Counsel if (1) a Change of Control has occurred and the
Indemnitee so requests or (2) in the case of an Indemnitee that is a present or
former officer of the Company, a quorum of the Board consisting of
Disinterested Directors is not obtainable or, even if obtainable, a majority of
such Disinterested Directors so directs; (C) by the stockholders (but only if a
majority of the Disinterested Directors, if they constitute a quorum of the
Board, presents the issue of entitlement to indemnification to the stockholders
for their determination); or (D) as provided in subparagraph (iii) below.&nbsp; In
the event the determination of entitlement to indemnification is to be made by
Independent Counsel pursuant to clause (B) above, a majority of the
Disinterested Directors will select the Independent Counsel, but only an
Independent Counsel to which the Indemnitee does not reasonably object; <u>provided</u>,
<u>however</u>, that if a Change of Control has occurred, the Indemnitee will
select such Independent Counsel, but only an Independent Counsel to which the
Board does not reasonably object.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.5in;text-indent:-.5in'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (iii)&nbsp;&nbsp;&nbsp;&nbsp; Except as otherwise
expressly provided in this By-Law 32, the Indemnitee will be presumed to be
entitled to indemnification under this By-Law 32 upon submission of a request
for indemnification together with the Supporting Documentation in accordance
with subparagraph (c)(ii) above, and thereafter the Company will have the
burden of proof to overcome that presumption in reaching a contrary
determination.&nbsp; In any event, if the person or persons empowered under
subparagraph (c)(ii) to determine entitlement to indemnification has not been
appointed or has not made a determination within 60 calendar days after receipt
by the Company of the request thereof or together with the Supporting
Documentation, the Indemnitee will be deemed to be entitled to indemnification
and the Indemnitee will be entitled to such indemnification unless (A) the
Indemnitee misrepresented or failed to disclose a material fact in making the
request for indemnification or in the Supporting Documentation or (B) such
indemnification is prohibited by law.&nbsp; The termination of any Proceeding
described in paragraph (a) of this By-Law 32, or of any claim, issue, or matter
therein, by judgment, order, settlement, or conviction, or upon a plea of <u>nolo</u>
<u>contendere</u> or its equivalent, will not, of itself, adversely affect the
right of the Indemnitee to indemnification or create a presumption that the
Indemnitee did not act in good faith and in a manner which the Indemnitee
reasonably believed to be in or not opposed to the best interests of the
Company or, with respect to any criminal Proceeding, that the Indemnitee had
reasonable cause to believe that his conduct was unlawful.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.5in;text-indent:-.5in'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (iv)&nbsp;&nbsp;&nbsp;&nbsp; (A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In the
event that a determination is made pursuant to subparagraph (c)(ii) that the
Indemnitee is not entitled to indemnification under this By&#8209;Law 32, (1)
the Indemnitee will be entitled to seek an adjudication of his or her
entitlement to such indemnification either, at the Indemnitee's sole option, in
(x) an appropriate court of the State of Delaware or any other court of competent
jurisdiction or (y) an arbitration to be conducted by a single arbitrator
pursuant to the rules of the American Arbitration Association; (2) any such
judicial proceeding or arbitration will be <u>de</u> <u>novo</u> and the
Indemnitee will not be prejudiced by reason of such adverse determination; and
(3) in any such judicial proceeding or arbitration the Company will have the
burden of proving that the Indemnitee is not entitled to indemnification under
this By&#8209;Law 32.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.5in;text-indent:-.5in'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If a determination
is made or deemed to have been made, pursuant to subparagraph (c)(ii) or (iii)
of this By-Law 32, that the Indemnitee is entitled to indemnification, the
Company will be obligated to pay the amounts constituting such indemnification
within five business days after such determination has been made or deemed to
have been made and will be conclusively bound by such determination unless (1)
the Indemnitee misrepresented or failed to disclose a material fact in making
the request for indemnification or in the Supporting Documentation or (2) such
indemnification is prohibited by law.&nbsp; In the event that advancement of
expenses is not timely made pursuant to subparagraph (c)(i) of this By-Law 32
or payment of indemnification is not made within five business days after a
determination of entitlement to indemnification has been made or deemed to have
been made pursuant to subparagraph (c)(ii) or (iii) of this By-Law 32, the
Indemnitee will be entitled to seek judicial enforcement of the Company's
obligation to pay to the Indemnitee such advancement of expenses or
indemnification.&nbsp; Notwithstanding the foregoing, the Company may bring an
action, in an appropriate court in the State of Delaware or any other court of
competent jurisdiction, contesting the right of the Indemnitee to receive indemnification
hereunder due to the occurrence of any event described in subclause (1) or (2)
of this clause (B) (a &quot;Disqualifying Event&quot;); <u>provided</u>, <u>however</u>,
that in any such action the Company will have the burden of proving the
occurrence of such Disqualifying Event.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.5in;text-indent:-.5in'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company will be
precluded from asserting in any judicial proceeding or arbitration commenced
pursuant to the provisions of this subparagraph (c)(iv) that the procedures and
presumptions of this By-Law 32 are not valid, binding, and enforceable and will
stipulate in any such court or before any such arbitrator that the Company is
bound by all the provisions of this By-Law 32.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.5in;text-indent:-.5in'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (D)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In the event that
the Indemnitee, pursuant to the provisions of this subparagraph (c)(iv), seeks
a judicial adjudication of, or an award in arbitration to enforce, his rights
under, or to recover damages for breach of, this By-Law 32, the Indemnitee will
be entitled to recover from the Company, and will be indemnified by the Company
against, any expenses actually and reasonably incurred by the Indemnitee if the
Indemnitee prevails in such judicial adjudication or arbitration.&nbsp; If it is
determined in such judicial adjudication or arbitration that the Indemnitee is
entitled to receive part but not all of the indemnification or advancement of
expenses sought, the expenses incurred by the Indemnitee in connection with
such judicial adjudication or arbitration will be prorated accordingly.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (v)&nbsp;&nbsp;&nbsp;&nbsp; For
purposes of this paragraph (c):</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.5in;text-indent:-.5in'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &quot;Change in
Control&quot; means the occurrence of any of the following events on or after
May 14, 2010: </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:1.0in;text-indent:-1.0in'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
Company is merged, consolidated, or reorganized into or with another
corporation or other legal entity, and as a result of such merger,
consolidation, or reorganization less than a majority of the combined voting
power of the then-outstanding securities of such corporation or entity
immediately after such transaction are held in the aggregate by the holders of
the Voting Stock immediately prior to such transaction;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:1.0in;text-indent:-1.0in'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
Company sells or otherwise transfers all or substantially all of its assets to
another corporation or other legal entity and, as a result of such sale or
transfer, less than a majority of the combined voting power of the
then-outstanding securities of such other corporation or entity immediately
after such sale or transfer is held in the aggregate by the holders of Voting
Stock immediately prior to such sale or transfer;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:1.0in;text-indent:-1.0in'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; There
is a report filed on Schedule 13D or Schedule 14D-1 (or any successor schedule,
form, or report or item therein), each as promulgated pursuant to the
Securities Exchange Act of 1934, as amended (the &quot;Exchange Act&quot;),
disclosing that any person (as the term &quot;person&quot; is used in Section
13(d)(3) or Section 14(d)(2) of the Exchange Act) has become the beneficial
owner (as the term &quot;beneficial owner&quot; is defined under Rule 13d&#8209;3
or any successor rule or regulation promulgated under the Exchange Act) of
securities representing 30% or more of the combined voting power of the Voting
Stock;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:1.0in;text-indent:-1.0in'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
Company files a report or proxy statement with the Securities and Exchange
Commission pursuant to the Exchange Act disclosing in response to Form 8-K or
Schedule 14A (or any successor schedule, form, or report or item therein) that
a change in control of the Company has occurred or will occur in the future
pursuant to any then-existing contract or transaction; or</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:1.0in;text-indent:-1.0in'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If,
during any period of two consecutive years or such longer period, if any,
commencing immediately prior to a meeting of the stockholders at which
Directors are elected and concluding immediately after the next succeeding
meeting of stockholders at which Directors are elected, individuals who at the
beginning of any such period constitute the Directors cease for any reason to
constitute at least a majority thereof; <u>provided</u>, <u>however</u>, that
for purposes of this clause (5) each Director who is first elected, or first
nominated for election by the Company's stockholders, by a vote of at least
two-thirds of the Directors (or a committee of the Board) then still in office
who were Directors at the beginning of any such period will be deemed to have
been a Director at the beginning of such period.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.5in;text-indent:-.5in'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notwithstanding the foregoing provisions
of clauses (3) or (4) of this paragraph (c)(v)(A), unless otherwise determined
in a specific case by majority vote of the Board, a &quot;Change in
Control&quot; will not be deemed to have occurred for purposes of such clauses
(3) or (4) solely because (x) the Company, (y) an entity in which the Company,
directly or indirectly, beneficially owns 50% or more of the voting securities
(a &quot;Subsidiary&quot;), or (z) any employee stock ownership plan or any
other employee benefit plan of the Company or any Subsidiary either files or
becomes obligated to file a report or a proxy statement under or in response to
Schedule 13D, Schedule 14D-1, Form 8-K, or Schedule 14A (or any successor
schedule, form, or report or item therein) under the Exchange Act disclosing
beneficial ownership by it of shares of Voting Stock, whether in excess of 30%
or otherwise, or because the Company reports that a change in control of the
Company has occurred or will occur in the future by reason of such beneficial
ownership.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.5in;text-indent:-.5in'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &quot;Disinterested
Director&quot; means a Director of the Company who is not or was not a party to
the Proceeding in respect of which indemnification is sought by the Indemnitee.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.5in;text-indent:-.5in'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &quot;Independent
Counsel&quot; means a law firm or a member of a law firm that neither presently
is, nor in the past five years has been, retained to represent (1) the Company
or the Indemnitee in any matter material to either such party or (2) any other
party to the Proceeding giving rise to a claim for indemnification under this
By-Law 32.&nbsp; Notwithstanding the foregoing, the term &quot;Independent Counsel&quot;
will not include any person who, under the applicable standards of professional
conduct then prevailing under the law of the State of Delaware, would be
precluded from representing either the Company or the Indemnitee in an action
to determine the Indemnitee's rights under this By-Law 32.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If any
provision or provisions of this By-Law 32 are held to be invalid, illegal, or
unenforceable for any reason whatsoever:&nbsp; (i) the validity, legality, and
enforceability of the remaining provisions of this By-Law 32 (including without
limitation all portions of any paragraph of this By-Law 32 containing any such
provision held to be invalid, illegal, or unenforceable, that are not
themselves invalid, illegal, or unenforceable) will not in any way be affected
or impaired thereby and (ii) to the fullest extent possible, the provisions of
this By-Law 32 (including without limitation all portions of any paragraph of
this By-Law 32 containing any such provision held to be invalid, illegal, or
unenforceable, that are not themselves invalid, illegal, or unenforceable) will
be construed so as to give effect to the intent manifested by the provision
held invalid, illegal, or unenforceable.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>33.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insurance,
Contracts, and Funding</b>.&nbsp; The Company may purchase and maintain insurance to
protect itself and any Indemnitee against any expenses, judgments, fines, and
amounts paid in settlement or incurred by any Indemnitee in connection with any
Proceeding referred to in By-Law 32 or otherwise, to the fullest extent
permitted by applicable law as then in effect.&nbsp; The Company may enter into
contracts with any person entitled to indemnification under By-Law 32 or
otherwise, and may create a trust fund, grant a security interest, or use other
means (including without limitation a letter of credit) to ensure the payment
of such amounts as may be necessary to effect indemnification as provided in
By-Law 32.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:24.0pt;text-align:center'><b><font style="font-size: 11.0pt">GENERAL</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>34.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fiscal
Year</b>.&nbsp; The fiscal year of the Company will end on the Saturday closest to
January&nbsp;31st of each year or such other date as may be fixed from time to
time by the Board.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>35.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Seal</b>.&nbsp;
The Board may adopt a corporate seal and use the same by causing it or a
facsimile thereof to be impressed or affixed or reproduced or otherwise.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>36.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reliance
Upon Books, Reports, and Records</b>.&nbsp; Each Director, each member of a
committee designated by the Board, and each officer of the Company will, in the
performance of his or her duties, be fully protected in relying in good faith
upon the records of the Company and upon such information, opinions, reports,
or statements presented to the Company by any of the Company's officers or
employees, or committees of the Board, or by any other person or entity as to
matters the Director, committee member, or officer believes are within such
other person's professional or expert competence and who has been selected with
reasonable care by or on behalf of the Company.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>37.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time
Periods</b>.&nbsp; In applying any provision of these By&#8209;Laws that requires
that an act be done or not be done a specified number of days prior to an event
or that an act be done during a period of a specified number of days prior to
an event, calendar days will be used unless otherwise specified, the day of the
doing of the act will be excluded, and the day of the event will be included.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>38.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amendments</b>.&nbsp;
Except as otherwise provided by law or by the Certificate of Incorporation or
these By-Laws, these By-Laws or any of them may be amended in any respect or
repealed at any time, either (i) at any meeting of stockholders, provided that
any amendment or supplement proposed to be acted upon at any such meeting has
been described or referred to in the notice of such meeting, or (ii) at any
meeting of the Board, provided that no amendment adopted by the Board may vary
or conflict with any amendment adopted by the stockholders.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>39.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certain
Defined Terms</b>.&nbsp; Terms used herein with initial capital letters that are not
otherwise defined are used herein as defined in the Certificate of
Incorporation.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 10.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 10.0pt">&nbsp;</font></p>

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