<SEC-DOCUMENT>0001144204-14-034393.txt : 20140530
<SEC-HEADER>0001144204-14-034393.hdr.sgml : 20140530
<ACCEPTANCE-DATETIME>20140530090029
ACCESSION NUMBER:		0001144204-14-034393
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20140529
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Termination of a Material Definitive Agreement
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Submission of Matters to a Vote of Security Holders
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20140530
DATE AS OF CHANGE:		20140530

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EXPONENT INC
		CENTRAL INDEX KEY:			0000851520
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MANAGEMENT CONSULTING SERVICES [8742]
		IRS NUMBER:				770218904
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0103

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-18655
		FILM NUMBER:		14877853

	BUSINESS ADDRESS:	
		STREET 1:		EXPONENT INC
		STREET 2:		149 COMMONWEALTH DRIVE
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025
		BUSINESS PHONE:		650-326-9400

	MAIL ADDRESS:	
		STREET 1:		EXPONENT INC
		STREET 2:		149 COMMONWEALTH DRIVE
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FAILURE GROUP INC
		DATE OF NAME CHANGE:	19930831
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v380134_8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES </B></P>

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

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

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

<HR SIZE="1" NOSHADE ALIGN="CENTER" STYLE="width: 17%; color: black">

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

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

<HR SIZE="1" NOSHADE ALIGN="CENTER" STYLE="width: 17%; color: black">

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section&nbsp;13 OR 15(d)
of </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>The Securities Exchange Act of 1934 </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Date of Report (Date of earliest event
reported) May 29, 2014 </B></P>

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

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<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Exponent, Inc. </B></P>

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

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

<HR SIZE="1" NOSHADE ALIGN="CENTER" STYLE="width: 17%; color: black">

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    <td style="width: 34%; font-size: 10pt">&nbsp;</td>
    <td style="vertical-align: bottom; width: 1%; font-size: 10pt">&nbsp;</td>
    <td style="width: 32%; font-size: 10pt">&nbsp;</td>
    <td style="vertical-align: bottom; width: 1%; font-size: 10pt">&nbsp;</td>
    <td style="width: 32%; font-size: 10pt">&nbsp;</td></tr>
<tr>
    <td style="vertical-align: top; text-align: center"><font style="font-size: 10pt"><b>Delaware</b></font></td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top; text-align: center"><font style="font-size: 10pt"><b>0-18655</b></font></td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top; text-align: center"><font style="font-size: 10pt"><b>77-0218904</b></font></td></tr>
<tr>
    <td style="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(State or other jurisdiction</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>of incorporation)</b></P></td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top; text-align: center"><font style="font-size: 10pt"><b>(Commission File Number)</b></font></td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(IRS Employer</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Identification No.)</b></P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr>
    <td style="width: 51%; font-size: 10pt">&nbsp;</td>
    <td style="vertical-align: bottom; width: 1%; font-size: 10pt">&nbsp;</td>
    <td style="width: 48%; font-size: 10pt">&nbsp;</td></tr>
<tr>
    <td style="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>149 Commonwealth Drive</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Menlo Park, CA</b></P></td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: center"><font style="font-size: 10pt"><b>94025</b></font></td></tr>
<tr>
    <td style="vertical-align: top; text-align: center"><font style="font-size: 10pt"><b>(Address of principal executive offices)</b></font></td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top; text-align: center"><font style="font-size: 10pt"><b>(Zip Code)</b></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Registrant&rsquo;s telephone number,
including area code (650)&nbsp;326-9400 </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Former name or former address, if changed
since last report.) </B></P>

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



<HR SIZE="1" NOSHADE ALIGN="CENTER" STYLE="width: 17%; color: black">

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

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

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 3%"><font style="font: 10pt Wingdings">&uml;</font></td>
    <td style="width: 97%"><font style="font-size: 10pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 3%"><font style="font: 10pt Wingdings">&uml;</font></td>
    <td style="width: 97%"><font style="font-size: 10pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 3%"><font style="font: 10pt Wingdings">&uml;</font></td>
    <TD STYLE="width: 97%"><font style="font-size: 10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 3%"><font style="font: 10pt Wingdings">&uml;</font></td>
    <TD STYLE="width: 97%"><font style="font-size: 10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 1.01. Entry into a Material Definitive Agreement.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On May 29, 2014, the Board of Directors (the &ldquo;Board&rdquo;)
of Exponent, Inc. (the &ldquo;Company&rdquo;), approved a revised form of indemnification agreement and authorized the Company
to enter into such agreement with each of the Company&rsquo;s executive officers and directors.&nbsp;&nbsp;The Company expects
that each of its executive officers and directors will execute such agreement, which will supersede the prior indemnification agreements
previously entered into between such persons and the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The revised form of indemnification agreement modifies certain
terms of the prior indemnification agreements, by, among other things, (i) clarifying that the Company shall not be obligated to
indemnify persons for certain incentive compensation &ldquo;clawbacks&rdquo;; (ii) streamlining the expense advancement procedures;
(iii) extending the scope of indemnifiable events to those occurring while a person is a director, officer, employee, or agent
of a predecessor corporation of the Company; and (iv) providing that the Company will require any successor entity to assume the
indemnification agreement. Under both the prior form of indemnification agreement and the revised agreement, the Company agrees
to indemnify executive officers and directors to the fullest extent permitted under applicable law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The foregoing description of the revised form of indemnification
agreement does not purport to be complete and is qualified in its entirety by reference to the Form of Indemnification Agreement,
which is filed as Exhibit 10.1 hereto and incorporated herein by reference.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 1.02. Termination of a Material Definitive Agreement.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The information set forth in Item 1.01 is incorporated herein
by reference.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On May 29, 2014, the Board adopted an amendment to the Amended
and Restated Bylaws of the Company (the &ldquo;Bylaws&rdquo;), effective May 29, 2014.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">A new section 8.6 was added to Article VIII of the Bylaws to
(i) authorize the Board to designate from time to time engineers to act in responsible charge for all engineering activities of
the Company in jurisdictions that require such designations and (ii) provide that all engineering decisions pertaining to engineering
activities of the Company in the states of Alaska and Washington will be made by the engineers in responsible charge designated
by the Board for each respective state, or other engineers under the direction or supervision of the engineers in responsible charge.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The foregoing description of the amendment to the Bylaws does
not purport to be complete and is qualified in its entirety by reference to the complete text of the Amended and Restated Bylaws
of the Company (including the new section 8.6 under Article VIII), which is filed as Exhibit 3.2 hereto and incorporated herein
by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 5.07. Submission of Matters to a Vote of Security Holders
</B></P>




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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On May 29, 2014, we held our annual meeting of stockholders.
A total of 13,141,368 shares of our common stock were outstanding as of April 2, 2014, the record date for the annual meeting.
Set forth below are the matters acted upon at the annual meeting and the final voting results on each matter as reported by our
inspector of elections.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Proposal One: Election of Directors</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our stockholders elected Michael R. Gaulke, Paul R. Johnson,
Ph.D., Karen A. Richardson, Stephen C. Riggins, John B. Shoven, Ph.D., and Debra L. Zumwalt. The results of the vote were as follows:</P>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: left">Votes For</TD><TD NOWRAP STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: left">Votes Against</TD><TD NOWRAP STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: left">Abstentions</TD><TD NOWRAP STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: left">Broker non-votes</TD><TD NOWRAP STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 40%; text-align: left">Michael R. Gaulke</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">10,908,983</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">197,172</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">27,001</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">1,356,470</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Paul R. Johnston, Ph.D.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,091,933</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">36,109</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,114</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,356,470</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Karen A. Richardson</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,052,792</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">54,848</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,516</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,356,470</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Stephen C. Riggins</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,043,581</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">63,594</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,981</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,356,470</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">John B. Shoven, Ph.D.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,969,801</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">132,506</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">30,849</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,356,470</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Debra L. Zumwalt</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,078,750</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28,890</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,516</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,356,470</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Proposal Two: Ratification of KPMG as our Independent Registered
Public Accountants for Fiscal 2014</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our stockholders ratified our selection of KPMG LLP as our independent
registered public accounting firm to audit our financial statements for the year ending January 2, 2015. The results of the vote
were as follows:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 50%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 79%; text-indent: 0in">For</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 18%; text-align: right">12,450,542</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: 0in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: 0in">Against</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">34,141</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: 0in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: 0in">Abstentions</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,943</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Proposal Three: Advisory Vote on Executive Compensation for
Fiscal 2013</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our stockholders approved, on an advisory basis, the fiscal
2013 compensation of our named executive officers in accordance with SEC rules. The results of the vote were as follows:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 50%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 79%; text-indent: 0in">For</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 18%; text-align: right">10,920,648</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: 0in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: 0in">Against</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">194,094</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: 0in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: 0in">Abstentions</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18,414</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: 0in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: 0in">Broker non-votes</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,356,470</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 8.01. Other Events</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On May 29, 2014, the Company announced that its Board authorized
up to an additional $35 million for the repurchase of the Company&rsquo;s common stock. The Company may pursue such repurchases
from time to time in the open market or privately negotiated transactions in compliance with the Securities and Exchange Commission&rsquo;s
Rule 10b-18. In total the Company currently has $54 million of total authorization available to repurchase shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">A copy of the press release announcing the authorization of
additional stock repurchases is attached hereto as exhibit 99.1 and is incorporated herein by reference.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>Item 9.01 Financial Statements and Exhibits</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&#9;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 95%; border-collapse: collapse; margin-left: 0.5in">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%"><FONT STYLE="font-size: 10pt">3.2</FONT></TD>
    <TD STYLE="width: 93%"><FONT STYLE="font-size: 10pt">Amended and Restated Bylaws of the Company, as amended and restated May 29, 2014</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">10.1</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Form of Indemnification Agreement entered into or proposed to be entered into between the Company and its executive officers and directors</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;99.1</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Press release dated May 29, 2014, announcing the repurchase authorization</FONT></TD></TR>
</TABLE>


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

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

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

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










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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">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, thereto duly authorized.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="RIGHT" STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%">
<tr style="vertical-align: top">
    <td colspan="3" style="font-size: 12pt"><font style="font-size: 10pt">EXPONENT, INC.</font></td></tr>
<tr>
    <TD>&nbsp;</td>
    <td colspan="2">&nbsp;</td></tr>
<tr>
    <TD STYLE="vertical-align: top; font-size: 12pt; width: 7%"><font style="font-size: 10pt">By:</font></td>
    <TD STYLE="vertical-align: bottom; font-size: 12pt; width: 1%">&nbsp;</td>
    <TD STYLE="vertical-align: top; width: 92%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid">/s/ Richard L. Schlenker&nbsp;</P></td></tr>
<tr>
    <TD STYLE="vertical-align: top; font-size: 12pt"><font style="font-size: 10pt">Name:</font></td>
    <TD STYLE="vertical-align: bottom; font-size: 12pt">&nbsp;</td>
    <TD STYLE="vertical-align: top; font-size: 12pt"><font style="font-size: 10pt">Richard L. Schlenker</font></td></tr>
<tr>
    <TD STYLE="vertical-align: top; font-size: 12pt"><font style="font-size: 10pt">Title:</font></td>
    <TD STYLE="vertical-align: bottom; font-size: 12pt">&nbsp;</td>
    <TD STYLE="vertical-align: top; font-size: 12pt"><font style="font-size: 10pt">Chief Financial Officer</font></td></tr>
</table><BR STYLE="clear: both"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12.2pt; text-indent: -12.25pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12.2pt; text-indent: -12.25pt">Date: May 29, 2014</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12.2pt; text-indent: -12.25pt">&nbsp;</P>


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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%"><FONT STYLE="font-size: 10pt">Exhibit 3.2</FONT></TD>
    <TD STYLE="width: 85%"><FONT STYLE="font-size: 10pt">Amended and Restated Bylaws of the Company, as amended and restated May 29, 2014</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Exhibit 10.1</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Form of Indemnification Agreement entered into or proposed to be entered into between the Company and its executive officers and directors</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Exhibit 99.1</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Press release dated May 29, 2014, announcing the repurchase authorization</FONT></TD></TR>
</TABLE>


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



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

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

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<DOCUMENT>
<TYPE>EX-3.2
<SEQUENCE>2
<FILENAME>v380134_ex3-2.htm
<DESCRIPTION>EXHIBIT 3.2
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">AMENDED
AND RESTATED BYLAWS OF</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">EXPONENT,
INC.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-weight: normal"><I>(<FONT STYLE="text-transform: none">As
amended and restated May 29, 2014)</FONT></I></FONT></P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">ARTICLE
I<BR>
<BR>
OFFICES</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 1.1. <U>Registered Office</U>. The
registered office of Exponent, Inc. (hereafter called the &quot;Corporation&rdquo;) in the State of Delaware shall be as determined
by the Corporation&rsquo;s Board of Directors (the &ldquo;Board&rdquo;) from time to time. The registered agent of the Corporation
at such address shall be as determined by the Board from time to time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 1.2. <U>Principal Office</U>. The
principal office for the transaction of the business of the Corporation shall be at 149 Commonwealth Drive, Menlo Park, California,
94025. The Board is hereby granted full power and authority to change said principal office from one location to another.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 1.3. <U>Other Offices</U>. The Corporation
may also have an office or offices at such other place or places, either within or without the State of Delaware, as the Board
may from time to time determine or as the business of the Corporation may require.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">ARTICLE
II<BR>
<BR>
MEETINGS OF STOCKHOLDERS</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 2.1. <U>Annual Meetings</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annual
meetings of the stockholders of the Corporation for the purpose of electing directors and for the transaction of such other proper
business as may come before such meetings shall be held each year on a date and at a time designated by the Board.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nominations
of persons for election to the Board and the proposal of business to be considered by the stockholders may be made at an annual
meeting only (i) pursuant to the Corporation&rsquo;s notice with respect to such meeting (or any supplement thereto), (ii) by or
at the direction of the Board or (iii) by any stockholder of the Corporation who was a stockholder of record at the time of giving
of the notice provided for in this Section 2.1, who is entitled to vote at the annual meeting and who, for any annual meeting of
the Corporation on or after January 1, 2012, has complied with the notice procedures set forth in this Section 2.1.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
nominations or other business to be properly brought before an annual meeting by a stockholder pursuant to clause (iii) of paragraph
(b) of this Section 2.1: (i) the stockholder must have given timely notice thereof in writing to the Secretary of the Corporation,
as provided in this Section 2.1; (ii) such business must be a proper matter for stockholder action under General Corporation Law
of the State of Delaware (the &ldquo;Delaware General Corporation Law&rdquo;); (iii) if the stockholder, or the beneficial owner
on whose behalf any such proposal or nomination is made, has provided the Corporation with a Solicitation Notice (as defined below),
such stockholder or beneficial owner must, in the case of a proposal, have delivered a proxy statement and form of proxy to holders
of at least the percentage of the Corporation&rsquo;s voting shares required under applicable law to carry any such proposal, or,
in the case of a nomination or nominations, have delivered a proxy statement and form of proxy to holders of a percentage of the
Corporation&rsquo;s voting shares reasonably believed by such stockholder or beneficial holder to be sufficient to elect the nominee
or nominees proposed to be nominated by such stockholder, and must, in either case, have included in such materials the Solicitation
Notice; and (iv) if no Solicitation Notice relating thereto has been timely provided pursuant to this section, the stockholder
or beneficial owner proposing such business or nomination must not have solicited a number of proxies sufficient to have required
the delivery of such a Solicitation Notice under this section.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
be timely, a stockholder&rsquo;s notice shall be delivered to the Secretary at the principal executive offices of the Corporation
not less than 60 days nor more than 90 days before the first anniversary (the &ldquo;Anniversary&rdquo;) of the date on which the
Corporation first mailed its proxy materials for the preceding year&rsquo;s annual meeting of stockholders; provided, however,
that if the date of the annual meeting is advanced more than 30 days before or delayed by more than thirty (30) days after the
anniversary of the preceding year&rsquo;s annual meeting, or if the Corporation did not hold an annual meeting in the preceding
year, notice by the stockholder to be timely must be so delivered not later than the close of business on the later of the ninetieth
(90th) day before such annual meeting or the tenth (10th) day following the day on which public announcement of the date of such
meeting is first made.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Such
stockholder&rsquo;s notice shall set forth:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as
to each person whom the stockholder proposes to nominate for election or reelection as a director: (A) as to each person who is
not an incumbent Director of the Corporation whom the stockholder proposes to nominate for election as a Director, (1) the name,
age, business address and residence address of such person; (2)&nbsp;the principal occupation or employment of such person; (3)&nbsp;the
class, series and number of securities of the Corporation that are owned of record or beneficially by such person; (4)&nbsp;the
date or dates the securities were acquired and the investment intent of each acquisition; (5)&nbsp;any other information relating
to such person that is required to be disclosed in solicitations for proxies for elections of Directors pursuant to Regulation
14A under the Exchange Act (or any comparable successor rule or regulation under the Exchange Act); and (6)&nbsp;any other information
relating to such person that the Board or any nominating committee of the Board reviews in considering any person for nomination
as a Director, as will be provided by the Secretary of the Corporation upon request; and (B) a written consent of each proposed
nominee to serve as a Director of the Corporation, if elected, and a representation that the proposed nominee (1)&nbsp;does not
or will not have any undisclosed voting commitments or other arrangements with respect to his or her actions as a Director; and
(2)&nbsp;will comply with these Bylaws and all applicable publicly disclosed corporate governance, conflict of interest, confidentiality
and stock ownership and trading policies and guidelines of the Corporation;</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as
to any other business that the stockholder proposes to bring before the meeting, a brief description of such business, the text
of the proposal or business (including the text of any resolutions proposed for consideration and, in the event that such business
includes a proposal to amend these Bylaws, the language of the proposed amendment) the reasons for conducting such business at
the meeting and any material interest in such business of such stockholder and the beneficial owner, if any, on whose behalf the
proposal is made; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as
to the stockholder giving the notice and the beneficial owner, if any, on whose behalf the nomination or proposal is made: (A)
the name and address of such stockholder, as they appear on the Corporation&rsquo;s books, and of such beneficial owner; (B) the
class and number of shares of the Corporation that are owned beneficially and of record by such stockholder and such beneficial
owner; (C) a representation that the stockholder is a holder of record of stock of the Corporation entitled to vote at such meeting
and intends to appear in person or by proxy at the meeting to propose such business or nomination; (D) a description of any material
interests of any of these persons in the business proposed and of all agreements, arrangements and understanding between these
persons and any other person (including their names) in connection with the proposal of the business by the stockholder; (E)&nbsp;a
description of any proxy, contract, arrangement, understanding or relationship pursuant to which any of these persons has a right
to vote any shares of any securities of the Corporation; (F)&nbsp;a description of any derivative positions related to any class
or series of securities of the Corporation owned of record or beneficially by the stockholder or such beneficial owner; (G)&nbsp;a
description of whether and the extent to which any hedging, swap or other transaction or series of transactions has been entered
into by or on behalf of, or any other agreement, arrangement or understanding (including any short position or any borrowing or
lending of securities) has been made, the effect or intent of which is to mitigate loss to, or manage risk of stock price changes
for, or to increase the voting power of, the stockholder or such beneficial owner with respect to any securities of the Corporation;
(H)&nbsp;a representation that after the date of the stockholder&rsquo;s notice and up to the date of the meeting, each of these
persons will provide written notice to the Secretary of the Corporation as soon as practicable following a change in the number
of securities of the Corporation held as described in response to subclause (B) above that equals 1% or more of the then-outstanding
shares of the Corporation, and/or entry, termination, amendment or modification of the agreements, arrangements or understandings
described in response to subclause (F) above that results in a change that equals 1% or more of the then-outstanding shares of
the Corporation or in the economic interests underlying those agreements, arrangements or understandings; and (I) a representation
whether either such stockholder or beneficial owner, if any, intends or is part of a group which intends to (1) deliver a proxy
statement and/or form of proxy to holders of, in the case of a proposal, at least the percentage of the Corporation&rsquo;s voting
shares required under applicable law to carry the proposal or, in the case of a nomination or nominations, a sufficient number
of holders of the Corporation&rsquo;s voting shares to elect such nominee or nominees (an affirmative statement of such intent,
a &ldquo;Solicitation Notice&rdquo;) and/or (2) otherwise solicit proxies from stockholders in support of such proposal or nomination.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
anything in this Section 2.1 to the contrary, in the event that the number of directors to be elected to the Board is increased
and there is no public announcement naming all of the nominees for director or specifying the size of the increased Board made
by the Corporation at least 55 days before the Anniversary, a stockholder&rsquo;s notice required by this Bylaw shall also be considered
timely, but only with respect to nominees for any new positions created by such increase, if it shall be delivered to the Secretary
at the principal executive offices of the Corporation not later than the close of business on the tenth (10th) day following the
day on which such public announcement is first made by the Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Only
persons nominated in accordance with the procedures set forth in this Section 2.1 shall be eligible to serve as directors and only
such business shall be conducted at an annual meeting of stockholders as shall have been brought before the meeting in accordance
with the procedures set forth in this section. The chairman of the meeting shall have the power and the duty to determine whether
a nomination or any business proposed to be brought before the meeting has been made in accordance with the procedures set forth
in these Bylaws and, if any proposed nomination or business is not in compliance with these Bylaws, to declare that such defectively
proposed business or nomination shall not be presented for stockholder action at the meeting and shall be disregarded.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nothing
in this Section 2.1 shall be deemed to grant or affect any rights of stockholders to request inclusion of proposals in the Corporation&rsquo;s
proxy statement pursuant to applicable rules of the Securities and Exchange Commission promulgated pursuant to Section 14(a) of
the Exchange Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 2.2. <U>Special Meetings</U>. Special
meetings of the stockholders for any purpose or purposes may be called by the Chairman of the Board, the Lead Independent Director,
the Board or a committee of the Board which has been duly designated by the Board and whose powers and authority, as provided in
a resolution of the Board or in these Bylaws, include the power to call such meetings, and shall be called by the Chairman of the
Board at the request in writing of a person or persons holding, directly or indirectly, not less than 25% of the votes entitled
to be cast for the election of directors at the time any such determination is being made. Unless otherwise prescribed by statute,
the Certificate of Incorporation or these Bylaws, special meetings may not be called by any other person or persons. No business
may be transacted at any special meeting of stockholders other than such business as may be designated in the notice calling such
meeting.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 2.3. <U>Place of Meetings</U>. All
meetings of the stockholders shall be held at such places, within or without the State of Delaware, as may from time to time be
designated by the Board. If no designation is made, the meeting shall be held at the principal office of the Corporation. The Board
may, in its sole discretion, determine that the meeting may be held solely by means of remote communication, as permitted by Section
211 of the Delaware General Corporation Law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 2.4. <U>Notice of Meetings</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as otherwise provided herein or required by law, notice of each meeting of the stockholders, whether annual or special, shall be
given not less than ten (10) nor more than sixty (60) days before the date of the meeting to each stockholder of record entitled
to vote at such meeting by delivering a typewritten or printed notice thereof to such stockholder personally, or by depositing
such notice in the United States mail, in a postage prepaid envelope, directed to the stockholder at such stockholder&rsquo;s address
as it appears on the records of the Corporation, or by delivery by electronic mail or other electronic transmission in the manner
provided under (and with the consent required by) Section 232 of the Delaware General Corporation Law. Except as otherwise expressly
required by law, no publication of any notice of a meeting of the stockholders shall be required.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Every
notice of a meeting of the stockholders shall state the place (if any), date and time of the meeting; the means of remote communication,
if any, by which stockholders and proxyholders may be deemed to be present in person and vote at such meeting; and, in the case
of a special meeting, shall also state the purpose or purposes for which the meeting is called. An affidavit of the Secretary or
an Assistant Secretary or of the transfer agent of the Corporation that the notice has been given shall, in the absence of fraud,
be prima facie evidence of the facts stated therein.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 2.5. <U>Waiver of Notice.</U> Whenever
notice is required to be given under any provision of the Delaware General Corporation Law, the Certificate of Incorporation or
these Bylaws, a written waiver thereof, signed by the person entitled to notice, or waiver by electronic mail or other electronic
transmission by such person, whether before or after the time stated therein, shall be deemed equivalent to notice. Notice of any
meeting of stockholders shall not be required to be given to any stockholder who shall have waived such notice and such notice
shall be deemed waived by any stockholder who shall attend such meeting in person or by proxy, except a stockholder who shall attend
such meeting for the express <FONT STYLE="font-size: 10pt">purpose of </FONT>objecting, at the beginning of the meeting, to the
transaction of any business because the meeting is not lawfully called or convened. Except as otherwise expressly required by law,
notice of any adjourned meeting of the stockholders need not be given if the time and place, if any, thereof, and the means of
remote communications, if any, by which stockholders and proxyholders may be deemed to be present in person and vote at such adjourned
meeting are announced at the meeting at which the adjournment is taken; provided, however, that if the date of any adjourned meeting
is more than 30 days after the date for which the meeting was originally noticed, or if a new record date is fixed for the adjourned
meeting, notice of the place, if any, date, and time of the adjourned meeting and the means of remote communications, if any, by
which stockholders and proxyholders may be deemed to be present in person and vote at such adjourned meeting, shall be given in
conformity herewith.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 2.6. <U>Quorum</U>. Except in the
case of any meeting for the election of directors summarily ordered as provided by law, the holders of record of a majority in
voting interest of the shares of stock of the Corporation entitled to be voted thereat, present in person or by proxy, shall constitute
a quorum for the transaction of business at any meeting of the stockholders of the Corporation or any adjournment thereof. Where
a separate vote by a class, series, classes, or series is required, a majority of the outstanding shares of such class, series,
classes or series, present in person or represented by proxy, shall constitute a quorum entitled to take action with respect to
that vote on that matter. In the absence of a quorum at any meeting or any adjournment thereof, a majority in voting interest of
the stockholders present in person or by proxy and entitled to vote thereat or, in the absence therefrom of all the stockholders,
any officer entitled to preside at, or to act as secretary of, such meeting may adjourn such meeting from time to time. At any
such adjourned meeting at which a quorum is present or represented, any business may be transacted which might have been transacted
at the meeting as originally called. No business may be transacted at a meeting in the absence of a quorum other than the adjournment
of such meeting, except that if a quorum is present at the commencement of a meeting, business may be transacted until the meeting
is adjourned even though the withdrawal of stockholders results in less than a quorum.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 2.7. <U>Proxies and Voting</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
stockholder shall, at each meeting of the stockholders, be entitled to vote in person or by proxy each share of the stock of the
Corporation having voting rights on the matter in question and which shall have been held by such stockholder and registered in
such stockholder&rsquo;s name on the books of the Corporation:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;on
the date fixed pursuant to Section 6.5 of these Bylaws as the record date for the determination of stockholders entitled to notice
of and to vote at such meeting, or</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if
no such record date shall have been so fixed, then (a) at the close of business on the day next preceding the day on which notice
of the meeting shall be given or (b) if notice of the meeting shall be waived, at the close of business on the day next preceding
the day on which the meeting shall be held.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares
of its own stock belonging to the Corporation or to another corporation, if a majority of the shares entitled to vote in the election
of directors in such other corporation is held, directly or indirectly, by the Corporation, shall neither be entitled to vote nor
be counted for quorum purposes. Nothing in this section shall be construed as limiting the right of the Corporation to vote stock,
including but not limited to its own stock, held by it in a fiduciary capacity. Persons holding stock of the Corporation in a fiduciary
capacity shall be entitled to vote such stock. Persons whose stock is pledged shall be entitled to vote, unless in the transfer
by the pledgor on the books of the Corporation such person shall have expressly empowered the pledgee to vote thereon, in which
case only the pledgee, or the pledgee&rsquo;s proxy, may represent such stock and vote thereon. Stock having voting power standing
of record in the names of two or more persons, whether fiduciaries, members of a partnership, joint tenants, tenants in common,
tenants by the entirety or otherwise, or with respect to which two or more persons have the same fiduciary relationship, shall
be voted in accordance with the provisions of the Delaware General Corporation Law.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
such voting rights may be exercised by the stockholder entitled thereto in person or by such stockholder&rsquo;s proxy appointed
by an instrument in writing or by transmission permitted by law filed in accordance with the procedure established for the meeting,
subscribed by such stockholder or by such stockholder&rsquo;s attorney thereunto authorized and delivered to the Secretary of the
meeting; provided, however, that no proxy shall be voted or acted upon after three years from its date unless said proxy shall
provide for a longer period. Any copy, facsimile communication or other reliable reproduction of the writing or transmission created
pursuant to this paragraph may be substituted or used in lieu of the original writing or transmission for any and all purposes
for which the original writing or transmission could be used, provided that such copy, facsimile telecommunication or other reproduction
shall be a complete reproduction of the entire original writing or transmission. The attendance at any meeting of a stockholder
who may theretofore have given a proxy shall not have the effect of revoking the same unless the stockholder shall in writing so
notify the secretary of the meeting prior to the voting of the proxy.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
any meeting of the stockholders all matters, except as otherwise provided in the Certificate of Incorporation, in these Bylaws
or by applicable law, shall be decided by the vote of a majority of the shares present in person or by proxy and entitled to vote
thereat and thereon, a quorum being present. Where a separate vote by a class, series, classes or series is required, an affirmative
vote of a majority of the shares of such class, series, classes or series present in person or represented by proxy at the meeting
shall be the act of such class, series, classes or series. The vote at any meeting of the stockholders on any questions need not
be by ballot, unless so directed by the chairman of the meeting. On a vote by ballot each ballot shall be signed by the stockholder
voting, or by such stockholder&rsquo;s proxy, if there be such proxy, and it shall state the number of shares voted.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 2.8. <U>List of Stockholders</U>.
The Secretary of the Corporation shall prepare and make, at least ten (10) days before every meeting of stockholders, a complete
list of the stockholders entitled to vote at the meeting, arranged in alphabetical order, and showing the address of each stockholder
and the number of shares registered in the name of each stockholder. Such list shall be open to the examination of any stockholder,
for any purpose germane to the meeting, during ordinary business hours, for a period of at least ten (10) days prior to the meeting,
either at a place within the city where the meeting is to be held, which place shall be specified in the notice of the meeting,
or, if not so specified, at the place where the meeting is to be held. The list shall also be produced and kept at the time and
place of the meeting during the duration thereof, and may be inspected by any stockholder who is present.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 2.9. <U>Organization; Conduct of Business</U>.
Meetings of stockholders shall be presided over by the Chairman of the Board, or in his or her absence, such person as the Board
may designate, which person shall call to order any meeting of the stockholders and act as chairman of the meeting. The Board may
adopt such rules or regulations for the conduct of meeting of stockholders as it shall deem appropriate. Except to the extent inconsistent
with such rules and regulations as adopted by the Board, the chairman of any meeting of stockholders shall determine the order
of business and the procedure at the meeting, including the manner of voting and the conduct of business. The chairman shall have
the power to adjourn the meeting to another place, if any, date and time. The date and time of opening and closing of the polls
for each matter upon which the stockholders will vote at the meeting shall be announced at the meeting. In the absence of the Secretary
of the Corporation, the secretary of the meeting shall be such person as the chairman of the meeting appoints.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 2.10.<U> Judges</U>. If at any meeting
of the stockholders a vote by written ballot shall be taken on any question, the chairman of such meeting may appoint a judge or
judges to act with respect to such vote. Each judge so appointed shall first subscribe an oath faithfully to execute the duties
of a judge at such meeting with strict impartiality and according to the best of his or her ability such judges shall decide upon
the qualification of the voters and shall report the number of shares represented at the meeting and entitled to vote on such questions,
shall conduct and accept the votes, and, when the voting is completed, shall ascertain and report the number of shares voted respectively
for and against the question. Reports of judges shall be in writing and subscribed and delivered by them to the Secretary of the
Corporation. The judges need not be stockholders of the Corporation, and any officer of the Corporation may be a judge on any question
other than a vote for or against a proposal in which such officer shall have a material interest.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 2.11. <U>Action by Written Consent</U>.
Unless otherwise provided in the Certificate of Incorporation, any action required or permitted to be taken at any annual or special
meeting of stockholders of the Corporation may be taken without a meeting, without prior notice except as otherwise provided by
applicable law, and without a vote, if a consent in writing setting forth the action so taken shall be signed by the holders of
outstanding stock having not less than the minimum number of votes that would be necessary to authorize or take such action at
a meeting at which all shares entitled to vote thereon were present and voted and shall be delivered to the Corporation by delivery
to its registered office in the state of Delaware, its principal place of business, or an officer or agent of the Corporation having
custody of the book in which proceedings of meetings of stockholders are recorded. Delivery made to the Corporation's registered
office shall be by hand or by certified or registered mail, return receipt requested. Every written consent shall bear the date
of signature of each stockholder who signs the consent and no written consent shall be effective to take the corporate action referred
to therein unless, within 60 days of the earliest dated consent delivered in the manner required by this section to the Corporation,
written consents signed by a sufficient number of stockholders to take action are delivered to the Corporation by delivery as aforesaid.
Prompt notice of the taking of corporate action without a meeting by less than unanimous consent shall be given to those stockholders
who have not consented in writing.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">ARTICLE
III<BR>
<BR>
BOARD OF DIRECTORS</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 3.1. <U>General Powers</U>. The property,
business and affairs of the Corporation shall be managed by or under the direction of the Board.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 3.2. <U>Number and Qualification of
Directors</U>. The authorized number of directors shall be such number between five (5)&nbsp;and eight (8), inclusive, as shall
be determined from time to time by a resolution adopted by a majority of the Board or by the affirmative vote of the holders of
a majority of the total voting power of all outstanding shares of voting stock of the Corporation. A majority of the members of
the Board shall be persons who are not employees of the Corporation. Employees on temporary leave shall not be considered candidates
for non-employee director positions. The indefinite number of directors may be changed, or a definite number fixed without provision
for an indefinite number, by a duly adopted amendment to the Certificate of Incorporation or by an amendment to this bylaw duly
adopted by the vote or written consent of holders of a majority of the outstanding shares entitled to vote, provided, however,
that an amendment reducing the number or the minimum number of directors to a number less than five (5) cannot be adopted if the
votes cast against its adoption at a meeting of the stockholders, or the shares not consenting in the case of action by written
consent, are equal to more than 16-2/3% of the outstanding shares entitled to vote. No amendment may change the stated maximum
number of authorized directors to a number greater than two times the stated minimum number of directors minus one. No decrease
in the number of authorized directors shall shorten the term of any incumbent director.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 3.3. <U>Election of Directors</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
directors shall be elected by the stockholders of the Corporation at each annual meeting of stockholders or by written consent
pursuant to Section 2.11 hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
nominee for director shall be elected to the Board if the votes cast for such nominee&rsquo;s election exceed the votes cast against
such nominee&rsquo;s election (with abstentions and &ldquo;broker non-votes&rdquo; not counted as votes cast either for or against
such nominee&rsquo;s election); provided, however, that directors shall be elected by a plurality of the votes cast at any meeting
of stockholders at which (i) the number of nominees for the board exceeds the number of open board seats; (ii) one or more nominees
has been nominated pursuant to the advance notice requirements for stockholder nominees set forth in these bylaws or pursuant to
the provisions of any future law, rule or regulation that require the Corporation to allow stockholder nominations in a manner
other than that provided in these bylaws; and (iii) any such nomination has not been withdrawn on or before the tenth day before
the Corporation first mails its notice of meeting for such meeting to the stockholders. If directors are to be elected by a plurality
of the votes cast, stockholders shall not be permitted to vote against a nominee.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
election of directors is subject to any provisions contained in the Certificate of Incorporation relating thereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
of the directors of the Corporation shall hold office until such director&rsquo;s successor shall have been duly elected and qualified
or until such director shall resign or shall have been removed in the manner hereafter provided.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 3.4. <U>Resignations</U>. Any director
of the Corporation may resign at any time by giving written notice to the Board or to the Secretary of the Corporation. Any such
resignation shall take effect at the time specified therein, or, if the time be not specified, it shall take effect immediately
upon its receipt; and unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it
effective.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 3.5. <U>Removal</U>. Any Director
or the entire Board may be removed without cause by the affirmative vote of a majority of the total voting power of all outstanding
shares then entitled to vote at an election of directors, provided that when by the provisions of the Certificate of Incorporation
the holders of the shares of any class or series, voting as a class or series, are entitled to elect one or more directors, any
director so elected may be removed only by the applicable vote of the holders of the shares of that class or series. Any reduction
of the authorized number of directors does not remove any director prior to the expiration of such director's term of office.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 3.6. <U>Vacancies</U>. Except as otherwise
provided in the Certificate of Incorporation, any vacancy in the Board, whether because of death, resignation, disqualification,
an increase in the number of directors, or any other cause, may be filled by vote of the majority of the remaining directors, although
less than a quorum. The stockholders may elect a director at any time to fill any vacancy not filled by the directors. Each director
so chosen or elected to fill a vacancy shall hold office until such directors successor shall have been elected and shall qualify
or until such director shall resign or shall have been removed in the manner herein provided. If at any time, by reason of death,
resignation, disqualification or any other cause, the Corporation should have no directors in office, then any officer may call
a special meeting of stockholders in accordance with the provisions of the Certificate of Incorporation or these Bylaws, or may
apply to the Court of Chancery for a decree summarily ordering an election as provided in Section 211 of the Delaware General Corporation
Law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 3.7. <U>Place of Meeting, Etc</U>.
The Board, or any committee thereof, may hold any of its meetings at such place or places within or without the state of Delaware
as the Board, or such committee, may from time to time designate or as shall be designated by the person or persons calling the
meeting or in the notice or a waiver of notice of any such meeting. Directors may participate in any regular or special meeting
of the Board, or such committee, by means of conference telephone or other communications equipment pursuant to which all persons
participating in the meeting of the Board, or such committee, can hear each other, and such participation shall constitute presence
in person at such meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 3.8. <U>First Meeting</U>. The Board
shall meet as soon as practicable after each annual election of directors and notice of such first meeting shall not be required.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 3.9. <U>Regular Meetings</U>. Regular
meetings of the Board may be held at such times as the Board shall from time to time determine. If any day fixed for a regular
meeting shall be a legal holiday at the place where the meeting is to be held, then the meeting shall be held at the same hour
and place on the next succeeding business day not a legal holiday. Except as provided by law, notice of regular meetings need not
be given.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 3.10. <U>Special Meetings</U>. Special
meetings of the Board may be called by the Chairman of the Board, the Lead Independent Director, the Chief Executive Officer, the
President, the Secretary or any director. Notice of all special meetings of the Board shall be given to each director as follows:</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;by
first-class mail, postage prepaid, addressed to the address of the director as it appears in the records of the Corporation, deposited
in the United States mail in the city where the principal office of the Corporation is located at least five (5) days before the
date of such meeting; or</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;by
personal delivery to the address of the director as it appears in the records of the Corporation at least twenty-four (24) hours
prior to the time of holding such meeting;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;by
facsimile or electronic mail to the facsimile number or electronic mail address of the director as it appears on the records of
the Corporation sent at least twenty-four (24) hours prior to the time of holding such meeting; or</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;by
telephone at any of the telephone numbers of the director as they appear on the records of the Corporation, orally communicated
to the director at least twenty-four (24) hours prior to the time of holding such meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">Such notice may be waived by any director
and any meeting shall be a legal meeting without notice having been given if all the directors shall be present thereat or if those
not present shall, either before or after the meeting, sign a written waiver of notice of, or a consent to, such meeting or-shall
after the meeting sign the approval of the minutes thereof. All such waivers, consents or approvals shall be filed with the corporate
records or be made a part of the minutes of the meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 3.11. <U>Quorum and Manner of Acting</U>.
Except as otherwise provided in the Certificate of Incorporation or these Bylaws or by law, the presence of a majority of the total
number of directors then in office shall be required to constitute a quorum for the transaction of business at any meeting of the
Board. Except as otherwise provided in the Certificate of Incorporation or these Bylaws or by law, all matters shall be decided
at any such meeting, a quorum being present, by the affirmative votes of a majority of the directors present. A majority of the
directors present at any meeting, whether or not constituting a quorum, may adjourn the same from time to time until a quorum shall
be present. Notice of any adjourned meeting need not be given. The directors shall act only as a Board, and the individual directors
shall have no power as such. A meeting at which a quorum is initially present may continue to transact business notwithstanding
the withdrawal of directors, if any action taken is approved by at least a majority of the required quorum for that meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 3.12. <U>Action by Written Consent</U>.
Any action required or permitted to be taken at any meeting of the Board or of any committee thereof may be taken without a meeting
if a written consent thereto is signed by all members of the Board or of such committee, as the case may be, and such written consent
is filed with the minutes of proceedings of the Board or committee.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 3.13. <U>Compensation</U>. The directors
shall receive only such compensation for their services as directors as may be allowed by resolution of the Board. The Board may
also provide that the Corporation shall reimburse each such director for any expense incurred by such director on account of such
director&rsquo;s attendance at any meetings of the Board or Committees of the Board. Neither the payment of such compensation nor
the reimbursement of such expenses shall be construed to preclude any director from serving the Corporation or its subsidiaries
in any other capacity and receiving compensation therefor.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 3.14. <U>Emergency Bylaws</U>. In
the event of any emergency, disaster, catastrophe, or other emergency condition, as referred to in Section 110 of the Delaware
General Corporation Law, or other similar emergency condition, as a result of which a quorum of the Board or a standing committee
of the Board cannot readily be convened for action, then the director(s) in attendance at a meeting shall constitute a quorum.
Such director(s) in attendance may further take action to appoint one or more of themselves or other directors to membership on
any standing or temporary committees of the Board as they shall deem necessary and appropriate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 3.15. <U>Committees of Directors</U>.
The Board may designate one or more committees, each such committee to consist of one or more of the directors of the Corporation.
The Board may also designate, if it desires, other directors as alternate members who may replace any absent or disqualified member
of any such committee at any meeting thereof. To the full extent permitted by law, any such committee shall have and may exercise
such powers and authority as the Board may designate. Vacancies in the membership of a committee shall be filled by the Board at
a regular meeting or a special meeting for that purpose. Any such committee shall keep written minutes of its meeting and report
the same to the Board when required. In the absence or disqualification of any member of any such committee and any alternate member
or members of any such committee present at the meeting and not disqualified from voting, whether or not he or she or they constitute
a quorum, may, by unanimous vote, appoint another member of the Board to act at the meeting in the place of the absent or disqualified
member. The provisions of Sections 3.9, 3.10, 3.11, and 3.12 of these Bylaws shall apply, <U>mutatis</U> <U>mutandis</U>, to any
such committee of the Board.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 3.16. <U>Conduct of Meeting</U>. Directors'
meetings shall be presided over by the Chairman of the Board, if there shall be such an officer, and, if not, the Lead Independent
Director, or, if neither the Chairman of the Board or the Lead Independent Director is present, by a director chosen by a majority
of the directors present. The Secretary of the Corporation shall act as Secretary of the Board. In case the Secretary shall be
absent from any meeting, the person presiding over the meeting may appoint any person to act as Secretary of the meeting.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">ARTICLE
IV<BR>
<BR>
OFFICERS</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 4.1. <U>Number</U>. The officers of
the Corporation shall be a Chief Executive Officer or President or both, a Secretary and a Chief Financial Officer. The Board may
also elect one or more Vice Presidents and one or more Assistant Secretaries. A person may hold more than one office providing
the duties thereof can be consistently performed by the same person.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 4.2. <U>Other Officers</U>. The Board
may appoint, or empower the Chief Executive Officer or President to appoint, such other officers as they shall deem necessary who
shall hold their offices for such terms and shall exercise such powers and perform such duties as shall be determined from time
to time.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 4.3. <U>Election</U>. Each of the
officers of the Corporation, except such officers as may be appointed in accordance with the provisions of Section 4.2 or Section
4.4 of this Article, shall be chosen annually by the Board and shall hold office until he or she shall resign or shall be removed
or otherwise disqualified to serve, or his or her successor shall be elected and qualified.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 4.4. <U>Removal; Vacancies</U>. Subject
to the express provisions of a contract authorized by the Board, any officer may be removed, either with or without cause, at any
time by the Board or by any officer upon whom such power of removal may be conferred by the Board. Any vacancy occurring in any
office of the Corporation shall be filled by the Board.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 4.5. <U>The Chairman of the Board</U>.
The Chairman of the Board, if there shall be such an officer, shall, if present, preside at all meetings of the stockholders and
directors and shall have such other powers and duties as may be prescribed by the Board or by applicable law. He or she shall be
an ex-officio member of standing committees, if so provided in the resolutions of the Board appointing the members of such committees.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 4.6. <U>Lead Independent Director</U>.
&nbsp;When the Chairman of the Board is the Chief Executive Officer or is otherwise not an &ldquo;independent director&rdquo; as
defined under the rules of the principal market upon which shares of the Corporation&rsquo;s common stock is then traded (an &ldquo;Independent
Director&rdquo;), the Board may select a director from among the Independent Directors to serve as the Lead Independent Director.
If appointed, the Lead Independent Director shall perform such duties as may be assigned to the Lead Independent Director by these
Bylaws or by the Board, and in the absence of or in the event of the Chairman of the Board's inability or refusal to act, the Lead
Independent Director shall perform the duties of the Chairman of the Board, and when so acting, shall have all the powers of and
be subject to all the restrictions upon the Chairman of the Board.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 4.7.<U>The Chief Executive Officer</U>.
The Chief Executive Officer shall be the managing officer of the Corporation. Subject to the control of the Board, the Chief Executive
Officer shall have general supervision, control and management of the affairs and business of the Corporation, and general charge
and supervision of all offices, agents and employees of the Corporation; shall see that all orders and resolutions of the Board
are carried into effect; shall, in the absence of the Chairman of the Board, preside at all meetings of the stockholders and Board;
and in general shall exercise all powers and perform all duties incident to Chief Executive Officer and managing officer of the
Corporation and such other powers and duties as may from time to time be assigned to the Chief Executive Officer by the Board or
as may be prescribed in these Bylaws.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&#9;The Chief Executive Officer may execute
bonds, mortgages and other contracts requiring a seal, under the seal of the Corporation, except where required or permitted by
law to be otherwise signed and executed and except where the signing and execution thereof shall be expressly delegated by the
Board to some other officer or agent of the Corporation.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 4.8.<FONT STYLE="font: 10pt Times New Roman, Times, Serif">
</FONT><U>The President</U>. Subject to the control of the Board and any supervisory powers the Board may give to the Chairman
of the Board or the Chief Executive Officer, the President of the Corporation shall, if a President is appointed, assist the Chief
Executive Officer in the general supervision, direction, and control of the business and affairs of the Corporation. The President
shall have such other powers and perform such other duties as from time to time may be prescribed for him or her by the Board,
these Bylaws, the Chairman of the Board, or the Chief Executive Officer. In the absence of the Chief Executive Officer or in the
event of the Chief Executive Officer's inability or refusal to act, the President shall perform the duties of the Chief Executive
Officer, and when so acting, shall have all the powers of and be subject to all the restrictions upon the Chief Executive Officer.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 4.9.<U>The Vice Presidents</U>. In
the absence of the Chief Executive Officer and the President or in the event of the Chief Executive Officer's and the President&rsquo;s
inability or refusal to act, the Vice President (or in the event there be more than one Vice President, the Vice Presidents in
the order designated, or in the absence of any designation, then in the order of their election) shall perform the duties of the
Chief Executive Officer, and when so acting, shall have all the powers of and be subject to all the restrictions upon the Chief
Executive Officer. The Vice Presidents shall perform such other duties and have such other powers as the Board may from time to
time prescribe.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 4.10. <U>The Secretary and Assistant
Secretary</U>. The Secretary shall attend all meetings of the Board and all meetings of the stockholders and record all the proceedings
of the meetings of the Corporation and of the Board in a book to be kept for that purpose and shall perform like duties for the
standing and special committees of the Board when required. The Secretary shall give, or cause to be given, notice of all meetings
of the stockholders and special meetings of the Board, and shall perform such other duties as may be prescribed by the Board or
Chief Executive Officer, under whose supervision the Secretary shall act. The Secretary shall have custody of the corporate seal
of the Corporation and the Secretary, or an assistant secretary, shall have authority to affix the same to any instrument requiring
it and, when so affixed, it may be attested by the Secretary&rsquo;s signature or by the signature of such assistant secretary.
The Board may give general authority to any other officer to affix the seal of the Corporation and to attest the affixing by such
officer&rsquo;s signature.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&#9;The assistant secretary, or if there
be more than one, the assistant secretaries in the order determined by the Board (or if there be no such determination, then in
the order of their election), shall, in the absence of the Secretary or in the event of the Secretary&rsquo;s inability or the
Secretary&rsquo;s refusal to act, perform the duties and exercise the powers of the Secretary and shall perform such other duties
and have such other powers as the Board may from time to time prescribe.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 4.11. <U>Chief Financial Officer</U>.
The Chief Financial Officer shall keep and maintain, or cause to be kept and maintained, adequate and correct accounts of the properties
and business transactions of the Corporation. The books of account shall at all reasonable times be open to inspection by any director.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&#9;The Chief Financial Officer shall deposit
all monies and other valuables in the name and to the credit of the Corporation with such depositories as may be designated by
the Board. The Chief Financial Officer shall disburse the funds of the Corporation as may be ordered by the Board, shall render
to the Chief Executive Officer and directors, whenever they request it, an account of all of his or her transactions as Chief Financial
Officer and of the financial condition of the Corporation, and shall have such other powers and perform such other duties as may
be prescribed by the Board or the Bylaws.</P>

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


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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">ARTICLE
V<BR>
<BR>
CONTRACTS, CHECKS, DRAFTS, BANK ACCOUNTS, ETC.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 5.1. <U>Checks, Drafts, Contracts,
Etc</U>. All checks, drafts or other orders for payment of money, notes or other evidence of indebtedness payable by the Corporation
and all contracts or agreements shall be signed by such person or persons and in such manner as, from time to time, shall be determined
by the Board or by officers, agents, or others to whom such power shall have been delegated.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 5.2. <U>Deposits</U>. All funds of
the Corporation not otherwise employed shall be deposited from time to time to the credit of the Corporation in such banks, trust
companies or other depositories as the Board may select, or as may be selected by any officer or officers, assistant or assistants,
agent or agents, or attorney or attorneys of the Corporation to whom such power shall have been delegated by the Board. For the
purpose of deposit and for the purpose of collection for the account of the Corporation, the Chief Executive Officer, the President,
any Vice President or the Chief Financial Officer (or any other officer or officers, assistant or assistants, agent or agents,
or attorney or attorneys of the Corporation who shall from time to time be determined by the Board) may endorse, assign and deliver
checks, drafts and other orders for the payment of money which are payable to the order of the Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 5.3. <U>General and Special Bank Accounts</U>.
The Board may from time to time authorize the opening and keeping of general and special bank accounts with such banks, trust companies
or other depositories as the Board may select or as may be selected by any officer or officers, assistant or assistants, agent
or agents, or attorney or attorneys of the Corporation to whom such power shall have been delegated by the Board. The Board may
make such special rules and regulations with respect to such bank accounts, not inconsistent with the provisions of these Bylaws,
as it may deem expedient.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">ARTICLE
VI<BR>
<BR>
SHARES AND THEIR TRANSFER</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 6.1.<U> Stock Certificates</U>. The
shares of the Corporation shall be represented by certificates, provided that the Board may establish by resolution or resolutions
that some or all of any or all classes or series of the Corporation&rsquo;s stock shall be issued or issuable as uncertificated
shares. Any such resolution shall not apply to shares represented by a certificate until such certificate is surrendered to the
Corporation.<FONT STYLE="font-size: 10pt"> </FONT>Certificates of stock, if any, shall be signed by, or in the name of the Corporation
by, the Chairman of the Board, the President, any Vice President, and by the Chief Financial Officer, or the Secretary or any Assistant
Secretary, of the Corporation, certifying the number of shares owned by such holder in the Corporation. Any of or all the signatures
on the certificate may be a facsimile. In case any officer, transfer agent or registrar who has signed or whose facsimile signature
has been placed upon a certificate shall have ceased to be such officer, transfer agent or registrar before such certificate is
issued, it may be issued by the Corporation with the same effect as if such person were such officer, transfer agent or registrar
at the date of issue.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 6.2. <U>Transfers of Stock</U>. Upon
compliance with any provisions restricting the transfer or registration of transfer of shares of stock, if any, transfers or registrations
of transfers of shares of stock of the Corporation shall be made only on the books of the Corporation by the registered holder
thereof in person or by such holder&rsquo;s attorney, upon surrender for cancellation of certificates for the same number of shares,
with an assignment and power of transfer endorsed thereon or attached thereto, duly executed, with such proof of the authenticity
of the transfer and payment of any applicable transfer taxes as the Corporation or its agents may reasonably require, or by appropriate
book-entry procedures. The person in whose name shares of stock stand on the books of the Corporation shall be deemed the owner
thereof for all purposes as regards the Corporation. Whenever any transfer of shares shall be made for collateral security, and
not absolutely, such fact shall be so expressed in the entry of transfer if, when the certificate or certificates shall be presented
to the Corporation for transfer, both the transferor and the transferee request the Corporation to do so.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 6.3. <U>Regulations</U>. The Board
may make such rules and regulations as it may deem expedient, not inconsistent with these Bylaws, concerning the issue, transfer
and registration of certificates for shares of the stock of the Corporation. It may appoint, or authorize any officer or officers
to appoint, one or more transfer clerks or one or more transfer agents and one or more registrars, and may require all certificates
for stock to bear the signature or signatures of any of them.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 6.4. <U>Lost, Stolen, Destroyed, and
Mutilated Certificates</U>. In any case of loss, theft, destruction or mutilation of any certificate of stock, another may be issued
in its place upon proof of such loss, theft, destruction or mutilation and upon the giving of a bond of indemnity to the Corporation
in such form and in such sum as the Board may direct; provided, however, that a new certificate may be issued without requiring
any bond when, in the judgment of the Board, it is proper so to do.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 6.5. <U>Fixing Date for Determination
of Stockholders of Record</U>. In order that the Corporation may determine the stockholders entitled to notice of or to vote at
any meeting of stockholders, or to receive payment of any dividend or other distribution or allotment of any rights or to exercise
any rights in respect of any change, conversion or exchange of stock or for the purpose of any other lawful action except for consenting
to corporate action in writing without a meeting, the Board may fix a record date, which shall not precede the date the resolution
fixing the record date is adopted and which record date shall not be more than 60 nor less than 10 days before the date of any
meeting of stockholders, nor more than 60 days prior to the time for such other action as herein before described; provided, however,
that 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 shall be at the close of business on the day preceding the day on which notice is given or, if notice
is waived, at the close of business on the day next preceding the day on which the meeting is held and, for determining stockholders
entitled to receive payment of any dividend or other distribution or allotment of any rights or to exercise any rights in respect
of any change, conversion or exchange of stock or any other lawful action except for consenting to corporate action in writing
without a meeting, the record date shall be the close of business on the day on which the Board adopts a resolution relating thereto.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#9;For purposes of determining the stockholders
entitled to consent to corporate action in writing without a meeting, the Board may fix a record date, which shall not precede
the date upon which the resolution fixing the record date is adopted by the Board, and which record date shall not be more than
10 days after the date upon which the resolution fixing the record date is adopted, as of which shall be determined the stockholders
of record entitled to consent to corporate action in writing without a meeting. If no record date has been fixed by the Board and
no prior action by the Board is required by the Delaware General Corporation Law, the record date shall be the first date on which
a signed written consent setting forth the action taken or proposed to be taken is delivered to the Corporation in the manner prescribed
in Section 2.11 hereof. If no record date has been fixed by the Board and prior action by the Board is required by the Delaware
General Corporation Law with respect to the proposed action, the record date for determining stockholders entitled to consent to
corporate action in writing shall be the close of business on the day in which the Board adopts the resolutions taking such prior
action.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">ARTICLE
VII<BR>
<BR>
INDEMNIFICATION</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 7.1. <U>Indemnification of Officers,
Directors, Employees and Agents; Insurance</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Right
to Indemnification</U>. Each person who was or is made a party or is threatened to be made a party to or is otherwise involved
in any action, suit or proceeding, whether civil, criminal, administrative or investigative (hereinafter a &quot;proceeding&quot;),
by reason of the fact that he or she is or was a director or officer of the Corporation or is or was serving at the request of
the Corporation as a director, officer, employee or agent of another corporation or of a partnership, joint venture, trust or other
enterprise, including service with respect to an employee benefit plan (hereinafter an &quot;indemnitee&quot;), whether the basis
of such proceeding is alleged action in an official capacity as a director, officer, employee or agent or in any other capacity
while serving as a director, officer, employee or agent, shall be indemnified and held harmless by the Corporation to the fullest
extent authorized by the Delaware General Corporation Law, as the same exists or may hereafter be amended (but, in the case of
any such amendment, only to the extent that such amendment permits the Corporation to provide broader indemnification rights than
permitted prior thereto), against all expenses, liability and loss (including attorneys' fees, judgments, fines, ERISA excise taxes
or penalties and amounts paid in settlement) reasonably incurred or suffered by such indemnitee in connection therewith and such
indemnification shall continue as to an indemnitee who has ceased to be a director, officer, employee or agent and shall inure
to the benefit of the indemnitee's heirs, executors and administrators; provided, however, that except as provided in paragraph
(c) hereof with respect to proceedings to enforce rights to indemnification, the Corporation shall indemnify any such indemnitee
in connection with a proceeding (or part thereof) initiated by such indemnitee only if such proceeding (or part thereof) was authorized
or is subsequently ratified by the Board.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Right
to Advancement of Expenses</U>. The right to indemnification conferred in paragraph (a) of this section shall include the right
to be paid by the Corporation the expenses incurred in defending any proceeding for which such right to indemnification is applicable
in advance of its final disposition (hereinafter an &quot;advancement of expenses&quot;); <U>provided</U>, <U>however</U>, that,
if the Delaware General Corporation Law requires, an advancement of expenses incurred by an indemnitee in his or her capacity as
a director or officer (and not in any other capacity in which service was or is rendered by such indemnitee, including, without
limitation, service to an employee benefit plan) shall be made only upon delivery to the Corporation of an undertaking (hereinafter
an &quot;undertaking&quot;), by or on behalf of such indemnitee, to repay all amounts so advanced if it shall ultimately be determined
by final judicial decision from which there is no further right to appeal (hereinafter a &quot;final adjudication&quot;) that such
indemnitee is not entitled to be indemnified for such expenses under this section or otherwise.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Right
of Indemnitee to Bring Suit</U>. The rights to indemnification and to the advancement of expenses conferred in paragraphs (a) and
(b) of this Section shall be a contract between the Corporation and each director or officer of the Corporation who serves or served
in such capacity at any time while this Article VII is in effect. Any repeal or modification of this Article VII or any repeal
or modification of relevant provisions of the Delaware General Corporation Law or any other applicable laws shall not in any way
diminish any rights to indemnification of such director or officer or the obligations of the Corporation hereunder. If a claim
under paragraph (a) or (b) of this Section is not paid in full by the Corporation within sixty days after a written claim has been
received by the Corporation, except in the case of a claim for an advancement of expenses, in which case the applicable period
shall be twenty days, the indemnitee may at any time thereafter bring suit against the Corporation to recover the unpaid amount
of the claim. If successful in whole or in part in any such suit, or in a suit brought by the Corporation to recover an advancement
of expenses pursuant to the terms of an undertaking, the indemnitee shall be entitled to be paid also the expense of prosecuting
or defending such suit. In (i) any suit brought by the indemnitee to enforce a right to indemnification hereunder (but not in a
suit brought by the indemnitee to enforce a right to an advancement of expenses) it shall be a defense that, and (ii) in any suit
by the Corporation to recover an advancement of expenses pursuant to the terms of an undertaking the Corporation shall be entitled
to recover such expenses upon a final adjudication that, the indemnitee has not met any applicable standard for indemnification
set forth in the Delaware General Corporation Law. Neither the failure of the Corporation (including its board of directors, independent
legal counsel, or its stockholders) to have made a determination prior to the commencement of such suit that indemnification of
the indemnitee is proper in the circumstances because the indemnitee has met the applicable standard of conduct set forth in the
Delaware General Corporation Law, nor an actual determination by the Corporation (including the Board, independent legal counsel,
or its stockholders) that the indemnitee has not met such applicable standard of conduct, shall create a presumption that the indemnitee
has not met the applicable standard of conduct or, in the case of such a suit brought by the indemnitee, be a defense to such suit.
In any suit brought by the indemnitee to enforce a right to indemnification or to an advancement of expenses hereunder, or by the
Corporation to recover an advancement of expenses pursuant to the terms of an undertaking, the burden of proving that the indemnitee
is not entitled to be indemnified, or to such advancement of expenses, under this Section or otherwise shall be on the Corporation.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Non-Exclusivity
of Rights</U>. The rights to indemnification and to the advancement of expenses conferred in this Section shall not be exclusive
of any other right which any person may have or hereafter acquire under any statute, the Corporation's certificate of incorporation,
by-law, agreement, vote of stockholders or disinterested directors or otherwise, both as to action in an official capacity and
as to action in another capacity while holding such office.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Insurance</U>.
The Corporation may purchase and maintain insurance, at its expense, to protect itself and any person who is or was a director,
officer, employee or agent of the Corporation or another corporation, partnership, joint venture, trust or other enterprise against
any expense, liability or loss, asserted against him or her and incurred by him or her in any such capacity, or arising out of
his or her status as such, whether or not the Corporation would have the power to indemnify such person against such expense, liability
or loss under the Delaware General Corporation Law, provided that such insurance is available on acceptable terms, which determination
shall be made by the Board or by a committee thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Indemnification
of Employees and Agents of the Corporation</U>. The Corporation may, to the extent and in accordance with the terms authorized
from time to time by the Board, grant rights to indemnification, and to the advancement of expenses to any employee or agent of
the Corporation to the fullest extent of the provisions of this section with respect to the indemnification and advancement of
expenses of directors and officers of the Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
purposes of this Section, references to &quot;the Corporation&quot; shall include, in addition to the resulting corporation, any
constituent corporation (including any constituent of a constituent) absorbed in a consolidation or merger which, if its separate
existence had continued, would have had power and authority to indemnify its directors, officers, and employees or agents, so that
any person who is or was a director, officer, employee or agent of such constituent corporation, or is or was serving at the request
of such constituent corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust
or other enterprise, shall stand in the same position under this Section with respect to the resulting or surviving corporation
as he or she would have with respect to such constituent corporation if its separate existence had continued.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
purposes of this Section, references to &quot;serving at the request of the Corporation&quot; shall include any service as a director,
officer, employee or agent of the Corporation which imposes duties on, or involves services by, such director, officer, employee
or agent with respect to an employee benefit plan, its participants or beneficiaries; and a person who acted in good faith and
in a manner he or she reasonably believed to be in the interest of the participants and beneficiaries of an employee benefit plan
shall be deemed to have acted in a manner &quot;not opposed to the best interests of the Corporation&quot; as referred to in the
Delaware General Corporation Law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
anything else in this Article VII, in the event that the express provisions of the Delaware General Corporation Law relating to
indemnification of, or advancement of expenses by the Corporation to, persons eligible for indemnification or advancement of expenses
under this Article VII are amended to permit broader indemnification or advancement of expenses, then the Corporation will provide
such indemnification and advancement of expenses to the maximum extent permitted by the Delaware General Corporation Law.&nbsp;</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
this Article VII or any portion hereof shall be invalidated on any ground by any court of competent jurisdiction, then the Corporation
shall nevertheless indemnify each indemnitee of the Corporation as to costs, charges and expenses (including attorneys' fees),
judgments, fines and amounts paid in settlement with respect to any action, suit or proceeding, whether civil, criminal, administrative
or investigative, including an action by or in the right of the Corporation, to the full extent permitted by any applicable portion
of this Article VII that shall not have been invalidated and to the full extent permitted by applicable law.&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither
any amendment or repeal of any Section of this Article VII, nor the adoption of any provision of the Certificate of Incorporation
or the Bylaws inconsistent with this Article VII, shall adversely affect any right or protection of any director, officer, employee
or other agent established pursuant to this Article VII existing at the time of such amendment, repeal or adoption of an inconsistent
provision, including without limitation by eliminating or reducing the effect of this Article VII, for or in respect of any act,
omission or other matter occurring, or any action or proceeding accruing or arising (or that, but for this Article VII, would accrue
or arise), prior to such amendment, repeal or adoption of an inconsistent provision.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">ARTICLE
VIII<BR>
<BR>
MISCELLANEOUS</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 8.1. <U>Seal</U>. The Board shall
provide a corporate seal, which shall be in the form of a circle and shall bear the name of the Corporation and words and figures
showing that the Corporation was incorporated in the state of Delaware and the year of incorporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 8.2. <U>Construction; Definitions</U>.
Unless the context requires otherwise, the general provisions, rules of construction, and definitions in the Delaware General Corporation
Law shall govern the construction of these Bylaws. Without limiting the generality of this provision, the singular number includes
the plural, the plural number includes the singular, and the term &ldquo;person&rdquo; includes both a corporation and a natural
person.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 8.3. <U>Fiscal Year</U>. The fiscal
year of the Corporation shall be fixed by resolution of the Board.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 8.4. <U>Amendments</U>. Subject to
the provisions of the Certificate of Incorporation, these Bylaws and applicable law, these Bylaws or any of them may be amended
or repealed and new Bylaws may be adopted (a) by the Board, by vote of a majority of the number of directors then in office or
(b) by the vote of the holders of in excess of 50% of the total voting power of all outstanding shares of voting stock of the Corporation
at a meeting of stockholders; provided that such action may be taken at a special meeting of the Board or stockholders only if
notice of such proposed amendment, repeal or adoption is given in the notice of special meeting. Subject to the provisions of the
Certificate of Incorporation, any Bylaws adopted or amended by the stockholders may be amended or repealed by the Board or the
stockholders.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 8.5. <U>Voting Stock</U>. Any person
so authorized by the Board, and in the absence of such authorization, the Chairman of the Board, the Chief Executive Officer, the
President or any Vice President, shall have full power and authority on behalf of the Corporation to attend and to act and vote
at any meeting of the stockholders of any corporation in which the Corporation may hold stock and at any such meeting shall possess
and may exercise any and all rights and powers which are incident to the ownership of such stock and which as the owner thereof
the Corporation might have possessed and exercised if present. The Board by resolution from time to time may confer like powers
upon any other person or persons.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: 0.25in">Section 8.6. <U>Engineer Designations</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>General</U>.
The Board may, or may authorize the officers of the Corporation to, by formal resolution, designate from time to time engineers
to act in responsible charge for all engineering activities of the Corporation in jurisdictions that require such designations.
The Board or the officers of the Corporation, as required or allowed by the jurisdiction, may remove and replace any such designee
at any time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Alaska</U>.
All engineering decisions pertaining to engineering activities of the Corporation in the state of Alaska will be made by the engineer
in responsible charge designated by the board from time to time, or other Alaska-registered engineers under the direction or supervision
of the engineer in responsible charge.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Washington</U>.
The designated engineer or land surveyor, respectively, named in the resolution as being in responsible charge, or an engineer
or land surveyor under the designated engineer or land surveyor's direct supervision, shall make all engineering or land surveying
decisions pertaining to engineering or land surveying activities in the state of Washington.</P>

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


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">CERTIFICATE
OF SECRETARY</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">I, the undersigned, the duly elected Secretary
of Exponent, Inc., a Delaware corporation, do hereby certify:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">That the within and foregoing Amended and
Restated Bylaws were adopted as the Amended and Restated Bylaws of the corporation by the Board of Directors on May 29, 2014 and
the same do now constitute the Bylaws of said corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">IN WITNESS WHEREOF, I have hereunto subscribed
by name this ___ day of ________, 2014.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%; text-indent: 0in; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 40%; text-indent: 0in; font-size: 10pt; border-bottom: Black 1pt solid"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-indent: 0in; font-size: 10pt">Secretary</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>v380134_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This Agreement is made as of [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;], 201[&nbsp;&nbsp;
], between Exponent, Inc., a Delaware corporation (the &ldquo;Company&rdquo;), and [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;] (&ldquo;Indemnitee&rdquo;).&nbsp;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Both the Company and Indemnitee recognize
that highly competent persons have become more reluctant to serve publicly-held corporations as directors, executive officers or
in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate
risks of claims and actions against them arising out of their service to and activities on behalf of the corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In recognition of Indemnitee&rsquo;s need
for substantial protection against personal liability in order to enhance Indemnitee&rsquo;s continued service to the Company in
an effective manner and Indemnitee&rsquo;s reliance on the provisions of the Company&rsquo;s Certificate of Incorporation (&ldquo;Certificate
of Incorporation&rdquo;) and the Company&rsquo;s Bylaws (the &ldquo;Bylaws&rdquo;) requiring indemnification of Indemnitee to the
fullest extent permitted by law, and in part to provide Indemnitee with specific contractual assurance that the protection promised
by such Certificate of Incorporation and Bylaws will be available to Indemnitee (regardless of, among other things, any amendment
to or revocation of such Certificate of Incorporation or Bylaws or any change in the composition of the Company&rsquo;s Board of
Directors or acquisition transaction relating to the Company), the Company wishes to provide in this Agreement for the indemnification
of and the advancing of expenses to Indemnitee to the fullest extent (whether partial or complete) permitted by law and as set
forth in this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Certificate of Incorporation, the Bylaws
and the General Corporation Law of the State of Delaware (&ldquo;DGCL&rdquo;) expressly provide that the indemnification provisions
set forth therein are not exclusive and thereby contemplate that contracts may be entered into between the Company and members
of the board of directors, officers and other persons with respect to indemnification.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">It is reasonable, prudent and necessary
for the Company contractually to obligate itself to indemnify, and to advance expenses on behalf of, such persons to the fullest
extent permitted by applicable law so that they will serve or continue to serve the Company free from undue concern that they will
not be so indemnified.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This Agreement is a supplement to and in
furtherance of the Certificate of Incorporation and Bylaws and any resolutions adopted pursuant thereto and shall not be deemed
a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder.</P>

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


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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In consideration of the premises and of
Indemnitee agreeing to serve or continuing to serve the Company directly or, at its request, with another enterprise, and intending
to be legally bound hereby, the parties hereto agree as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Basic
Indemnification Agreement</U></B><I>.</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the event Indemnitee was, is or becomes a party to or witness or other participant in, or is threatened to be made a party to or
witness or other participant in, a Claim (as defined in Section 9(b)) by reason of (or arising in part out of) an Indemnifiable
Event (as defined in Section 9(d)), the Company shall indemnify Indemnitee to the fullest extent permitted by law as soon as practicable
but in any event no later than 30 days after written demand is presented to the Company, against any and all Expenses (as defined
in Section 9(c)), judgments, fines, penalties and amounts paid in settlement (including all interest, assessments and other charges
paid or payable in connection therewith) of such Claim actually and reasonably incurred by or on behalf of Indemnitee in connection
with such Claim and any federal, state, local or foreign taxes imposed on Indemnitee as a result of the actual or deemed receipt
of any payments under this Agreement. If requested by Indemnitee in writing, the Company shall advance (within ten business days
of such written request) any and all Expenses to Indemnitee (an &ldquo;Expense Advance&rdquo;). Except as set forth in Sections
1(b), 3 and 7, Indemnitee shall not be entitled to indemnification pursuant to this Agreement in connection with any Claim (i)
initiated by Indemnitee against the Company or any director or officer of the Company unless the Company has joined in or consented
to the initiation of such Claim; (ii) made on account of Indemnitee&rsquo;s conduct which constitutes a breach of Indemnitee&rsquo;s
duty of loyalty to the Company or its stockholders or is an act or omission not in good faith or which involves intentional misconduct
or a knowing violation of the law; (iii) arising from the purchase and sale by Indemnitee of securities in violation of Section
16(b) of the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;)</FONT> <FONT STYLE="font-size: 10pt">or
similar provisions of state statutory law or common law; or (iv) arising from the reimbursement of the Company by Indemnitee of
any bonus or other incentive-based or equity-based compensation or of any profits realized by Indemnitee from the sale of securities
of the Company, as required in each case under the Exchange Act (including any such reimbursements that arise from an accounting
restatement of the Company pursuant to Section 304 of the Sarbanes-Oxley Act of 2002 (the &quot;Sarbanes-Oxley Act&quot;), or the
payment to the Company of profits arising from the purchase and sale by Indemnitee of securities in violation of Section 306 of
the Sarbanes-Oxley Act). </FONT></P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
any other provision of this Agreement, (i) the indemnification obligations of the Company under Section 1(a) shall not be applicable
if the Reviewing Party (as defined in Section 9(f)) has determined (in a written opinion, in any case in which the special independent
counsel referred to in Section 2 is involved) that Indemnitee would not be permitted to be indemnified under applicable law, and
(ii) the execution and delivery to the Company of this Agreement shall constitute an undertaking that, if, when and to the extent
that the Reviewing Party determines that Indemnitee would not be permitted to be so indemnified under applicable law, Indemnitee
undertakes to repay the Company for all such amounts paid as an Expense Advance pursuant to Section 1(a) and as an Additional Expense
Advance pursuant to Section 3; provided, however, that if Indemnitee has commenced legal proceedings in the Court of Chancery of
the State of Delaware (the &ldquo;Delaware Court&rdquo;) to secure a determination that Indemnitee should be indemnified under
applicable law, any determination made by the Reviewing Party that Indemnitee would not be permitted to be indemnified under applicable
law shall not be binding and Indemnitee shall not be required to reimburse the Company for any Expense Advance or Additional Expense
Advance until a final judicial determination is made with respect thereto (as to which all rights of appeal therefrom have been
exhausted or lapsed). Indemnitee&rsquo;s obligation to reimburse the Company for Expense Advances and Additional Expense Advances
shall be unsecured and no interest shall be charged thereon. If there has not been a Change in Control, the Reviewing Party shall
be selected by the Board of Directors, and if there has been such a Change in Control, the Reviewing Party shall be the special
independent counsel referred to in Section 2. If there has been no determination by the Reviewing Party or if the Reviewing Party
determines that Indemnitee substantively would not be permitted to be indemnified in whole or in part under applicable law, Indemnitee
shall have the right to commence litigation in the Delaware Court seeking an initial determination by the court or challenging
any such determination by the Reviewing Party or any aspect thereof and the Company hereby consents to service of process and to
appear in any such proceeding. Any determination by the Reviewing Party otherwise shall be conclusive and binding on the Company
and Indemnitee. Subject to the right to receive Additional Expense Advances under Section 3 in connection with an action to enforce
rights under this Agreement and the obligation to repay such advances provided above, the Company shall indemnify Indemnitee for
Expenses incurred by Indemnitee in connection with the successful establishment or enforcement, in whole or in part, by Indemnitee
of Indemnitee&rsquo;s right to indemnification or advances.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Change
in Control</U>. </B> The Company agrees that if there is a Change in Control of the Company (other than a Change in Control which
has been approved by two- thirds or more of the Company&rsquo;s Board of Directors who were directors immediately prior to such
Change in Control), then with respect to all matters thereafter arising concerning the rights of Indemnitee to indemnity payments
and Expense Advances under this Agreement or any other agreement, the Bylaws or Certificate of Incorporation now or hereafter in
effect relating to Claims for Indemnifiable Events, the Company shall seek legal advice only from special independent counsel selected
by Indemnitee and approved by the Company (which approval shall not be unreasonably withheld or delayed) and who has not performed
services for the Company or for Indemnitee within the last five years (other than with respect to matters concerning Indemnitee
under this Agreement, or of other indemnitees under similar indemnification agreements). In the event that Indemnitee and the Company
are unable to agree on the selection of the special independent counsel, such special independent counsel shall be selected by
lot from among at least five law firms with offices in the State of Delaware having more than fifty attorneys, having a rating
of &ldquo;av&rdquo; or better in the then current Martindale Hubbell Law Directory and having attorneys which specialize in corporate
law. Such selection shall be made in the presence of Indemnitee (and her legal counsel or either of them, as Indemnitee may elect).
Such counsel, among other things, shall, within 90 days of its retention, render its written opinion to the Company and Indemnitee
as to whether and to what extent Indemnitee would be permitted to be indemnified under applicable law. The Company agrees to pay
the reasonable fees of the special independent counsel referred to above and to fully indemnify such counsel against any and all
expenses (including attorneys&rsquo; fees), claims, liabilities, and damages arising out of or relating to this Agreement or its
engagement pursuant hereto.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Indemnification
for Additional Expenses</U>. </B> The Company shall indemnify Indemnitee against any and all expenses (including attorneys&rsquo;
fees) and, if requested by Indemnitee in writing, shall (within ten business days of such written request) advance such expenses
to Indemnitee (an &ldquo;Additional Expense Advance&rdquo;), which are incurred by Indemnitee in connection with any Claim asserted
against or action brought by Indemnitee for (i) indemnification or advance payment of Expenses by the Company under this Agreement
or any other agreement, the Bylaws or Certificate of Incorporation now or hereafter in effect relating to Claims for Indemnifiable
Events and/or (ii) recovery under any directors&rsquo; and officers&rsquo; liability insurance policies maintained by the Company,
regardless of whether the Company believes that Indemnitee is entitled to such indemnification, advance expense payment or insurance
recovery, as the case may be.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Partial
Indemnity</U>. </B>If Indemnitee is entitled under any provisions of this Agreement to indemnification by the Company of some but
not all of the Expenses, liabilities, judgments, fines, penalties and amounts paid in settlement of a Claim, the Company shall
nevertheless indemnify Indemnitee for the portion thereof to which Indemnitee is entitled. Moreover, notwithstanding any other
provision of this Agreement, to the extent that Indemnitee has been successful on the merits or otherwise in defense of any or
all Claims relating in whole or in part to an Indemnifiable Event or in defense of any issue or matter therein, including dismissal
without prejudice, Indemnitee shall be indemnified against all Expenses incurred in connection therewith. In connection with any
determination by the Reviewing Party or otherwise as to whether Indemnitee is entitled to be indemnified hereunder the burden of
proof shall be on the Company to establish that Indemnitee is not so entitled.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>No
Presumption</U>. </B> For purposes of this Agreement, the termination of any action, suit or proceeding by judgment, order, settlement
(whether with or without court approval) or conviction, or upon a plea of nolo contendere, or its equivalent, shall not create
a presumption that Indemnitee did not meet any particular standard of conduct or have any particular belief.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Notification
and Defense of Claim</U>. </B> Within 30 days after receipt by Indemnitee of notice of the commencement of a Claim which may involve
an Indemnifiable Event, Indemnitee will, if a claim in respect thereof is to be made against the Company under this Agreement,
submit to the Company a written notice identifying the proceeding, but the omission so to notify the Company will not relieve it
from any liability which it may have to Indemnitee under this Agreement unless the Company is materially prejudiced by such lack
of notice. With respect to any such Claim as to which Indemnitee notifies the Company of the commencement thereof:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Company will be entitled to participate therein at its own expense;</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;except
as otherwise provided below, to the extent that it may wish, the Company jointly with any other indemnifying party similarly notified
will be entitled to assume the defense thereof, with counsel selected by the Board of Directors and satisfactory to Indemnitee.
After notice from the Company to Indemnitee of its election to assume the defense thereof, the Company will not be liable to Indemnitee
under this Agreement for any legal or other expenses subsequently incurred by Indemnitee in connection with the defense thereof
other than reasonable costs of investigation or as otherwise provided below. Indemnitee shall have the right to employ its own
counsel in such action, suit or proceeding, but the fees and expenses of such counsel incurred after notice from the Company of
its assumption of the defense thereof shall be at the expense of Indemnitee unless (i) the employment of counsel by Indemnitee
has been authorized by the Company, (ii) Indemnitee shall have reasonably concluded that there may be a conflict of interest between
the Company and Indemnitee in the conduct of the defense of such action, or (iii) the Company shall not in fact have employed counsel
to assume the defense of such action, in each of which cases the fees and expenses of counsel shall be at the expense of the Company.
The Company shall not be entitled to assume the defense of any claim brought by or on behalf of the Company or as to which Indemnitee
shall have made the conclusion provided for in clause (ii) above; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Company shall not be liable to indemnify Indemnitee under this Agreement for any amounts paid in settlement of any action or claim
effected without its written consent. The Company shall not settle any action or claim in any manner which would impose any penalty
or limitation on Indemnitee without Indemnitee&rsquo;s written consent. Neither the Company nor Indemnitee will unreasonably withhold
or delay their consent to any proposed settlement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Supersedes
Prior Agreement; Non-exclusivity</U>. </B> This Agreement shall supersede the prior Indemnification Agreement between the Company
and Indemnitee. The rights of Indemnitee hereunder shall be in addition to any other rights Indemnitee may have under the Certificate
of Incorporation, the Bylaws, the DGCL, any agreement, a vote of the stockholders, a resolution of directors or otherwise. No amendment,
alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement
in respect of any action taken or omitted by such Indemnitee acting on behalf of the Company and at the request of the Company
prior to such amendment, alteration or repeal. To the extent that a change in the DGCL (whether by statute or judicial decision),
the Certificate of Incorporation or the Bylaws permits greater indemnification by agreement than would be afforded currently under
the Certificate of Incorporation, the Bylaws and this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy
by this Agreement the greater benefits so afforded by such change. No right or remedy herein conferred is intended to be exclusive
of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right and remedy
given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy
hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Liability
Insurance</U>. </B>To the extent the Company maintains an insurance policy or policies providing directors&rsquo; and officers&rsquo;
liability insurance, Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum
extent of the coverage available for any Company director or officer. If, at the time the Company receives notice from any source
of a Claim as to which Indemnitee is a party or a participant (as a witness or otherwise), the Company has director and officer
liability insurance in effect, the Company shall give prompt notice of such proceeding to the insurers in accordance with the procedures
set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers
to pay, on behalf of Indemnitee, all amounts payable as a result of such Claim in accordance with the terms of such policies. In
the event of a Potential Change in Control (as defined in Section 9), the Company shall maintain in force any and all insurance
policies then maintained by the Company providing directors&rsquo; and officers&rsquo; liability insurance, in respect of Indemnitee,
for a period of six years thereafter. The Company shall indemnify Indemnitee for Expenses incurred by Indemnitee in connection
with any successful action brought by Indemnitee for recovery under any insurance policy referred to in this Section 8 and shall
advance to Indemnitee the Expenses of such action in the manner provided in Section 3 above.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Certain
Definitions</U>.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
&ldquo;Change in Control&rdquo; shall be deemed to have occurred if:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
person, as that term is used in Section 13(d) and Section 14(d)(2) of the Exchange Act, becomes, is discovered to be, or files
a report on Schedule 13D or 14D-1 (or any successor schedule, form or report) disclosing that such person is a beneficial owner
(as defined in Rule 13d-3 under the Exchange Act or any successor rule or regulation), directly or indirectly, of securities of
the Company representing 20% or more of the total voting power of the Company&rsquo;s then outstanding Voting Securities (unless
such person becomes such a beneficial owner in connection with the initial public offering of the Company);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;during
any period of two consecutive years, individuals who at the beginning of such period constitute the Board of Directors of the Company
and any new director whose election by the Board of Directors or nomination for election by the Company&rsquo;s stockholders was
approved by a vote of at least two-thirds of the directors then still in office who either were directors at the beginning of the
period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Company, or any material subsidiary of the Company, is merged, consolidated or reorganized into or with another corporation or
other legal person (an &ldquo;Acquiring Person&rdquo;) or securities of the Company are exchanged for securities of an Acquiring
Person, and immediately after such merger, consolidation, reorganization or exchange less than a majority of the combined voting
power of the then outstanding securities of the Acquiring Person immediately after such transaction are held, directly or indirectly,
in the aggregate by the holders of Voting Securities immediately prior to such transaction;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Company, or any material subsidiary of the Company, in any transaction or series of related transactions, sells or otherwise transfers
all or substantially all of its assets to an Acquiring Person, and less than a majority of the combined voting power of the then
outstanding securities of the Acquiring Person immediately after such sale or transfer is held, directly or indirectly, in the
aggregate by the holders of Voting Securities immediately prior to such sale or transfer;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Company and its subsidiaries, in any transaction or series of related transactions, sells or otherwise transfers business operations
that generated two thirds or more of the consolidated revenues (determined on the basis of the Company&rsquo;s four most recently
completed fiscal quarters) of the Company and its subsidiaries immediately prior thereto;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(6)&nbsp;&nbsp;&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 that
a change in control of the Company has or may have occurred or will or may occur in the future pursuant to any then existing contract
or transaction; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(7)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
other transaction or series of related transactions occur that have substantially the effect of the transactions specified in any
of the preceding clauses in this paragraph (ii).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">Notwithstanding the provisions of Section
9(a)(1) or 9(a)(4), unless otherwise determined in a specific case by majority vote of the Board of Directors of the Company, a
Change of Control shall not be deemed to have occurred for purposes of this Agreement solely because (i) the Company, (ii) an entity
in which the Company directly or indirectly beneficially owns 50% or more of the voting securities or (iii) any Company sponsored
employee stock ownership plan, or any other employee benefit plan of the Company, 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 stock of the Company,
or because the Company reports that a Change in Control of the Company has or may have occurred or will or may occur in the future
by reason of such beneficial ownership.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
&ldquo;Claim&rdquo; is any threatened, pending or completed action, suit, proceeding or alternative dispute resolution mechanism,
or any inquiry, hearing or investigation whether conducted by the Company or any other party, whether civil, criminal, administrative,
investigative or other.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Expenses&rdquo;
include attorneys&rsquo; fees and all other costs, fees, expenses and obligations of any nature whatsoever paid or incurred in
connection with investigating, defending, being a witness in or participating in (including appeal), or preparing to defend, be
a witness in or participate in any Claim relating to any Indemnifiable Event.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An
&ldquo;Indemnifiable Event&rdquo; is any event or occurrence (whether before or after the date hereof) related to the fact that
Indemnitee is or was a director, officer, employee, consultant, agent or fiduciary of or to the Company, or any subsidiary of the
Company, or is or was serving at the request of the Company as a director, officer, employee, trustee, agent or fiduciary of another
corporation, partnership, joint venture, employee benefit plan, trust or other enterprise, or was a director, officer, employee,
or agent of a foreign or domestic corporation that was a predecessor corporation of the Company or of another enterprise at the
request of such predecessor corporation, or related to anything done or not done by Indemnitee in any such capacity.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
&ldquo;Potential Change in Control&rdquo; shall be deemed to have occurred if (i)&nbsp;the Company enters into an agreement, the
consummation of which would result in the occurrence of a Change in Control; (ii) any person (including the Company) publicly announces
an intention to take or to consider taking actions which, if consummated, would constitute a Change in Control; (iii) any person,
other than a trustee or other fiduciary holding securities under an employee benefit plan of the Company or a corporation owned,
directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of stock of
the Company, who is or becomes the beneficial owner, directly or indirectly, of securities of the Company representing 9.5% or
more of the combined voting power of the Company&rsquo;s then outstanding Voting Securities, increases such person&rsquo;s beneficial
ownership of such securities by five percentage points or more over the initial percentage of such securities; or (iv) the Board
of Directors of the Company adopts a resolution to the effect that, for purposes of this Agreement, a Potential Change in Control
has occurred.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
&ldquo;Reviewing Party&rdquo; is (i) the Company&rsquo;s Board of Directors (provided that a majority of directors are not parties
to the particular Claim for which Indemnitee is seeking indemnification) or (ii) any other person or body appointed by the Company&rsquo;s
Board of Directors, who is not a party to the particular Claim for which Indemnitee is seeking indemnification, or (iii) if there
has been a Change in Control, the special independent counsel referred to in Section 2 hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Voting
Securities&rdquo; means any securities of the Company which vote generally in the election of directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Amendments,
Termination and Waiver</U>. </B> No supplement, modification, amendment or termination of this Agreement shall be binding unless
executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall
constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Contribution</U>.</B>
If the indemnification provided in Sections 1 and 3 is unavailable, then, in respect of any Claim in which the Company is jointly
liable with Indemnitee (or would be if joined in the Claim), the Company shall contribute to the amount of Expenses, judgments,
fines, penalties and amounts paid in settlement as appropriate to reflect: (i) the relative benefits received by the Company, on
the one hand, and Indemnitee, on the other hand, from the transaction from which the Claim arose, and (ii) the relative fault of
the Company, on the one hand, and of Indemnitee, on the other, in connection with the events which resulted in such Expenses, judgments,
fines, penalties and amounts paid in settlement, as well as any other relevant equitable considerations. The relative fault of
the Company, on the one hand, and of Indemnitee, on the other, shall be determined by reference to, among other things, the parties&rsquo;
relative intent, knowledge, access to information and opportunity to correct or prevent the circumstances resulting in such Expenses
and Liabilities. The Company agrees that it would not be just and equitable if contribution pursuant to this Section 11 were determined
by pro rata allocation or any other method of allocation which does not take account of the equitable considerations described
in this Section 11.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Subrogation</U>.
</B> In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the
rights of recovery of Indemnitee, who shall execute all papers required and shall do everything that may be necessary to secure
such rights, including the execution of such documents necessary to enable the Company effectively to bring suit to enforce such
rights.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>No
Duplication of Payments</U>.</B> The Company shall not be liable under this Agreement to make any payment in connection with any
Claim made against Indemnitee to the extent Indemnitee has otherwise actually received payment (under insurance policy, Certificate
of Incorporation or otherwise) of the amounts otherwise indemnifiable hereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Binding
Effect</U>. </B> This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and
their respective successors, assigns, including any direct or indirect successor by purchase, merger, consolidation or otherwise
to all or substantially all of the business and/or assets of the Company, spouse, heirs, and personal and legal representatives.
The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation, or otherwise)
to all, substantially all, or a substantial part, of the business and/or assets of the Company, by written agreement, to expressly
assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform
if no such succession had taken place. This Agreement shall continue in effect regardless of whether Indemnitee continues to serve
as a director or officer (or in one of the capacities enumerated in Section 9(d) hereof) of the Company or of any other enterprise
at the Board of Directors&rsquo; request.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Severability</U>.</B>
The provisions of this Agreement shall be severable in the event that any of the provisions hereof (including any provision within
a single section, paragraph or sentence) are held by a court of competent jurisdiction to be invalid, void or otherwise unenforceable,
and the remaining provisions shall remain enforceable to the fullest extent permitted by law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Applicable
Law and Consent to Jurisdiction</U>. </B> This Agreement and the legal relations among the parties shall be governed by, and construed
and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. The Company and
Indemnitee hereby irrevocably and unconditionally (i) agree that any action or proceeding arising out of or in connection with
this Agreement shall be brought only in the Delaware Court and not in any other state or federal court in the United States of
America or any court in any other country, (ii) consent to submit to the exclusive jurisdiction of the Delaware Court for purposes
of any action or proceeding arising out of or in connection with this Agreement, (iii) appoint, irrevocably, to the extent such
party is not a resident of the State of Delaware, The Corporation Trust Company (or another agent if notice of such appointment
is provided to the other party) as its agent in the State of Delaware for acceptance of legal process in connection with any such
action or proceeding against such party with the same legal force and validity as if served upon such party personally within the
State of Delaware, (iv)&nbsp;waive any objection to the laying of venue of any such action or proceeding in the Delaware Court,
and (v) waive, and agree not to plead or to make, any claim that any such action or proceeding brought in the Delaware Court has
been brought in an improper or inconvenient forum.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Identical Counterparts</U>.</B> This Agreement may be executed in one or more counterparts, each of which shall for all purposes
be deemed to be an original but all of which together shall constitute one and the same Agreement. Only one such counterpart signed
by the party against whom enforceability is sought needs to be produced to evidence the existence of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">Executed this [&nbsp;&nbsp;] day of [&nbsp;&nbsp;].</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in; text-indent: 0in"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>Exponent, Inc.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in; width: 50%">&nbsp;</TD>
    <TD STYLE="text-indent: 0in; width: 5%">&nbsp;</TD>
    <TD STYLE="text-indent: 0in; width: 45%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in"><FONT STYLE="font-size: 10pt">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in"><FONT STYLE="font-size: 10pt">Name: </FONT></TD>
    <TD STYLE="text-indent: 0in"><FONT STYLE="font-size: 10pt">Richard L. Schlenker</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in"><FONT STYLE="font-size: 10pt">Title: </FONT></TD>
    <TD STYLE="text-indent: 0in"><FONT STYLE="font-size: 10pt">Executive Vice President, Chief Financial Officer and Corporate Secretary</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>Indemnitee</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in"><FONT STYLE="font-size: 10pt">[signature]</FONT></TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-indent: 0in"><FONT STYLE="font-size: 10pt"><U>[</U></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; text-indent: 0in"><FONT STYLE="font-size: 10pt"><U>]</U></FONT></TD></TR>
</TABLE>
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<TYPE>EX-99.1
<SEQUENCE>4
<FILENAME>v380134_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Exponent Announces Authorization of Additional
Stock Repurchase Plan</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">MENLO PARK, Calif., May 29, 2014 - Exponent, Inc. (Nasdaq: EXPO)
today announced that its Board of Directors has authorized an additional stock repurchase plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Exponent&rsquo;s Board of Directors has approved an additional
$35 million dollars in share repurchases, adding to the Company&rsquo;s existing $19 million available under the Company&rsquo;s
current authorization for repurchase. <FONT STYLE="background-color: white">This plan authorizes Exponent to purchase its common
stock in the open market or privately negotiated transactions in compliance with the Securities and Exchange Commission&rsquo;s
Rule 10b-18. In total, the Company now has $54 million of total authorization available to repurchase shares. </FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;During 2013, we generated more than $61 million in cash
from operations and closed the year with $156 million in cash and short-term investments<FONT STYLE="color: #010101">,&rdquo; </FONT>commented
Dr. Paul Johnston, President and CEO.<FONT STYLE="color: #010101"> &ldquo;Given our strong cash flow and balance sheet, we believe
that a combination of stock repurchases and dividends will return value to shareholders. In summary, we remain confident in the
strength and stability of our long-term financial position</FONT>.&rdquo;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Exponent is an engineering and scientific consulting firm providing
solutions to complex problems. Exponent's multidisciplinary organization of scientists, physicians, engineers, and business consultants
brings together more than 90 technical disciplines to address complicated issues facing industry and government today. The firm
has been best known for analyzing accidents and failures to determine their causes, but in recent years it has become more active
in assisting clients with human health, environmental and engineering issues associated with new products to help prevent problems
in the future.<BR>
<BR>
Exponent may be reached at (888) 656-EXPO, <U>info@exponent.com</U>, or <U>www.exponent.com</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This news release contains, and incorporates by reference, certain
&quot;forward-looking&quot; statements (as such term is defined in the Private Securities Litigation Reform Act of 1995, and the
rules promulgated pursuant to the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended thereto
under) that are based on the beliefs of the Company's management, as well as assumptions made by and information currently available
to the Company's management. Such forward-looking statements are subject to the safe harbor created by the Private Securities Litigation
Reform Act of 1995. When used in this document and in the documents incorporated herein by reference, the words &quot;anticipate,&quot;
&quot;believe,&quot; &quot;estimate,&quot; &quot;expect&quot; and similar expressions, as they relate to the Company or its management,
identify such forward-looking statements. Such statements reflect the current views of the Company or its management with respect
to future events and are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, the Company's actual results, performance, or achievements could
differ materially from those expressed in, or implied by, any such forward-looking statements. Factors that could cause or contribute
to such material differences include the possibility that the demand for our services may decline as a result of changes in general
and industry specific economic conditions, the timing of engagements for our services, the effects of competitive services and
pricing, the absence of backlog related to our business, our ability to attract and retain key employees, the effect of tort reform
and government regulation on our business, and liabilities resulting from claims made against us. Additional risks and uncertainties
are discussed in our Annual Report on Form 10-K under the heading &quot;Risk Factors&quot; and elsewhere in the report. The inclusion
of such forward-looking information should not be regarded as a representation by the Company or any other person that the future
events, plans, or expectations contemplated by the Company will be achieved. The Company undertakes no obligation to release publicly
any updates or revisions to any such forward-looking statements.</P>

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



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