<SEC-DOCUMENT>0001144204-15-072248.txt : 20151222
<SEC-HEADER>0001144204-15-072248.hdr.sgml : 20151222
<ACCEPTANCE-DATETIME>20151222160115
ACCESSION NUMBER:		0001144204-15-072248
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20151221
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20151222
DATE AS OF CHANGE:		20151222

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MYR GROUP INC.
		CENTRAL INDEX KEY:			0000700923
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER, SEWER, PIPELINE, COMM AND POWER LINE CONSTRUCTION [1623]
		IRS NUMBER:				363158643
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08325
		FILM NUMBER:		151302216

	BUSINESS ADDRESS:	
		STREET 1:		1701 GOLF ROAD SUITE 3-1012
		CITY:			ROLLING MEADOWS
		STATE:			IL
		ZIP:			60008-4210
		BUSINESS PHONE:		8472901891

	MAIL ADDRESS:	
		STREET 1:		1701 GOLF ROAD SUITE 3-1012
		CITY:			ROLLING MEADOWS
		STATE:			IL
		ZIP:			60008-4210

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MYR GROUP INC
		DATE OF NAME CHANGE:	19960417

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MYERS L E CO GROUP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v427606_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: center"><B>THE SECURITIES EXCHANGE ACT OF 1934</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of Report (Date of earliest event reported):<B>
December 21, 2015</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>MYR GROUP
INC.</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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>
    <TD STYLE="vertical-align: top; width: 33%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Delaware</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 34%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>1-08325</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 33%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>36-3158643</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(State or other jurisdiction</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">of incorporation)</P></TD>
    <TD STYLE="vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Commission</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">File Number)</P></TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">(I.R.S. Employer</FONT><BR>
<FONT STYLE="font-size: 10pt">Identification No.)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>1701 Golf Road, Suite 3-1012</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Rolling Meadows, IL</B></P></TD>
    <TD STYLE="vertical-align: bottom; width: 2%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 48%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>60008</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">(Address of principal executive offices)</FONT></TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">(ZIP Code)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Registrant&rsquo;s telephone number, including
area code:<B>&nbsp;(847) 290-1891</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>None</B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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: 4%; font-size: 10pt"><FONT STYLE="font: 10pt Wingdings">&uml;</FONT></TD>
    <TD STYLE="width: 96%; font-size: 10pt"><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: 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: 4%; font-size: 10pt"><FONT STYLE="font: 10pt Wingdings">&uml;</FONT></TD>
    <TD STYLE="width: 96%; font-size: 10pt"><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: 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: 4%; font-size: 10pt"><FONT STYLE="font: 10pt Wingdings">&uml;</FONT></TD>
    <TD STYLE="width: 96%; font-size: 10pt"><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: 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: 4%; font-size: 10pt"><FONT STYLE="font: 10pt Wingdings">&uml;</FONT></TD>
    <TD STYLE="width: 96%; font-size: 10pt"><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: 0 0 0 1in; text-indent: -1in"><B>&nbsp;</B></P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.75in"><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: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">On December 21, 2015, the Board of Directors
(the &ldquo;Board&rdquo;) of MYR Group Inc. (&ldquo;MYR&rdquo;) approved amendments to MYR&rsquo;s Amended and Restated By-laws
(the &ldquo;By-laws&rdquo;), which amendments were effective upon their approval by the Board. Article III, Section 1 of the By-laws
was amended to provide for a majority vote standard in uncontested director elections. As amended, the By-laws provide that a director
nominee in an uncontested election will be elected if the number of shares voted &ldquo;for&rdquo; the director&rsquo;s election
exceeds 50% of the number of votes cast on the issue of that director&rsquo;s election (including votes &ldquo;for,&rdquo; votes
&ldquo;against&rdquo; and votes to withhold authority with respect to that director&rsquo;s election, but excluding any abstentions
or broker non-votes). The By-laws previously provided for a plurality vote standard in all director elections. A plurality vote
standard will continue to apply to contested elections where the number of nominees exceeds the number of directors to be elected
at the specific election.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">In addition, the By-laws were amended (i) to
delete certain obsolete provisions adopted in connection with MYR&rsquo;s 2007 private offering of shares and subsequent listing
of those shares and to make minor technical changes, and (ii) to expressly provide that the advance notice provisions contained
in Sections 4 and 5 of Article II of the By-laws are the exclusive means for stockholders to submit business before an annual meeting
of stockholders, other than proposals properly made in accordance with Rule 14a-8 under the Securities Exchange Act of 1934, as
amended.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The By-laws, as amended as of December 21, 2015,
are filed as Exhibit 3.1 to this Current Report on Form 8-K and incorporated by reference herein. The foregoing description of
the amendment to the By-laws is qualified in its entirety by reference to the full text of the By-laws.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amended and Restated By-laws of MYR Group Inc., as amended
as of December 21, 2015</P>

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


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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></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="3" STYLE="text-indent: 0in"><B>MYR GROUP INC.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">Dated: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;December 22, 2015</TD>
    <TD STYLE="text-indent: 0in">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; text-indent: 0in">/s/ Gerald B. Engen, Jr.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="width: 4%; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="width: 6%; text-indent: 0in">Name:</TD>
    <TD STYLE="width: 40%; text-indent: 0in">Gerald B. Engen, Jr.</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">Title:</TD>
    <TD STYLE="text-indent: 0in">Senior Vice President, Chief Legal Officer and Secretary</TD></TR>
</TABLE>


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


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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="width: 10%; border-bottom: Black 1pt solid"><B>Exhibit No.</B></TD>
    <TD NOWRAP STYLE="width: 2%">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 88%; border-bottom: Black 1pt solid; text-align: center"><B>Description</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>3.1</TD>
    <TD>&nbsp;</TD>
    <TD>Amended and Restated By-laws of MYR Group Inc., as amended as of December 21, 2015</TD></TR>
</TABLE>


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

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

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



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

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<DOCUMENT>
<TYPE>EX-3.1
<SEQUENCE>2
<FILENAME>v427606_ex3-1.htm
<DESCRIPTION>EXHIBIT 3.1
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>&nbsp;</B></P>

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

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

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

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

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

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Effective December 21, 2015</P>

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

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

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.75pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.75pt; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Table
of Contents</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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: 12%">&nbsp;</TD>
    <TD STYLE="width: 78%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: center"><FONT STYLE="font-size: 10pt"><B>Page</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-size: 10pt">ARTICLE I</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-size: 10pt">OFFICES</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 1.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Registered Office</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Section 2.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Other Offices</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD COLSPAN="3" STYLE="text-align: center; text-transform: uppercase"><FONT STYLE="font-size: 10pt">ARTICLE II</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: right; text-transform: uppercase">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD COLSPAN="3" STYLE="text-align: center; text-transform: uppercase"><FONT STYLE="font-size: 10pt">MEETINGS OF STOCKHOLDERS</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: right; text-transform: uppercase">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Section 1.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Place of Meetings</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 2.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Annual Meetings</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Section 3.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Special Meetings</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 4.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Nature of Business at Meetings of Stockholders</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">2</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Section 5.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Nomination of Directors</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">3</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 6.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Notice</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">4</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Section 7.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Adjournments</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">4</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 8.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Quorum</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">4</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Section 9.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Voting</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">5</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 10.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Proxies</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">5</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Section 11.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">List of Stockholders Entitled to Vote</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">6</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 12.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Record Date</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">6</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Section 13.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Stock Ledger</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">6</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 14.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Conduct of Meetings</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">6</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Section 15.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Inspectors of Election</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">7</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD COLSPAN="3" STYLE="text-align: center; text-transform: uppercase"><FONT STYLE="font-size: 10pt">ARTICLE III</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: right; text-transform: uppercase">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD COLSPAN="3" STYLE="text-align: center; text-transform: uppercase"><FONT STYLE="font-size: 10pt">DIRECTORS</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: right; text-transform: uppercase">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Section 1.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Number and Election of Directors</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">7</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 2.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Vacancies</FONT></TD>
    <TD STYLE="text-align: right">8</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Section 3.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Duties and Powers</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">8</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 4.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Meetings</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">8</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Section 5.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Organization</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">9</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 6.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Resignations and Removals of Directors</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">9</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Section 7.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Quorum</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">9</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 8.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Actions of the Board by Written Consent</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">10</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Section 9.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Meetings by Means of Conference Telephone</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">10</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 10.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Committees</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">10</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Section 11.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Compensation</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">11</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 12.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Interested Directors</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">11</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Table
of Contents</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.75pt; text-align: center">(continued)</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: 12%; text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="width: 78%; text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: center; text-transform: uppercase"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: none"><B>Page</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: right; text-transform: uppercase">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="text-align: center; text-transform: uppercase"><FONT STYLE="font-size: 10pt">ARTICLE IV</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: right; text-transform: uppercase">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="text-align: center; text-transform: uppercase"><FONT STYLE="font-size: 10pt">OFFICERS</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: right; text-transform: uppercase">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 1.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">General</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">11</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Section 2.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Election</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">11</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 3.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Voting Securities Owned by the Corporation</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">12</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Section 4.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Chairman of the Board of Directors</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">12</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 5.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">President</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">12</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Section 6.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Vice Presidents</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">12</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 7.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Secretary</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">13</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Section 8.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Treasurer</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">13</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 9.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Assistant Secretaries</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">13</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Section 10.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Assistant Treasurers</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">14</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 11.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Other Officers</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">14</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="text-align: center; text-transform: uppercase"><FONT STYLE="font-size: 10pt">ARTICLE V</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: right; text-transform: uppercase">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="text-align: center; text-transform: uppercase"><FONT STYLE="font-size: 10pt">STOCK</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: right; text-transform: uppercase">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 1.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Shares of Stock</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">14</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Section 2.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Signatures</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">14</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 3.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Lost Certificates</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">14</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Section 4.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Transfers</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">15</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 5.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Dividend Record Date</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">15</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Section 6.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Record Owners</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">15</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 7.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Transfer and Registry Agents</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">15</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="text-align: center; text-transform: uppercase"><FONT STYLE="font-size: 10pt">ARTICLE VI</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: right; text-transform: uppercase">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="text-align: center; text-transform: uppercase"><FONT STYLE="font-size: 10pt">NOTICES</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: right; text-transform: uppercase">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 1.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Notices</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">16</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Section 2.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Waivers of Notice</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">16</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD COLSPAN="3" STYLE="text-align: center; text-transform: uppercase"><FONT STYLE="font-size: 10pt">ARTICLE VII</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: right; text-transform: uppercase">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD COLSPAN="3" STYLE="text-align: center; text-transform: uppercase"><FONT STYLE="font-size: 10pt">GENERAL PROVISIONS</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: right; text-transform: uppercase">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Section 1.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Dividends</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">17</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 2.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Disbursements</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">17</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Section 3.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Fiscal Year</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">17</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 4.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Corporate Seal</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">17</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.75pt; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Table
of Contents</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.75pt; text-align: center">(continued)</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: 12%; padding-right: 5.75pt; text-decoration: underline; text-align: right"><FONT STYLE="font-size: 10pt"><B></B></FONT></TD>
    <TD STYLE="width: 78%; padding-right: 5.75pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; text-align: center"><B>Page<FONT STYLE="font-size: 10pt">&nbsp;</FONT></B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="text-align: center; text-transform: uppercase"><FONT STYLE="font-size: 10pt">ARTICLE VIII</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: right; text-transform: uppercase">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="text-align: center; text-transform: uppercase"><FONT STYLE="font-size: 10pt">INDEMNIFICATION</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: right; text-transform: uppercase">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="text-align: center; text-transform: uppercase"><FONT STYLE="font-size: 10pt">ARTICLE IX</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: right; text-transform: uppercase">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD COLSPAN="3" STYLE="text-align: center; text-transform: uppercase"><FONT STYLE="font-size: 10pt">AMENDMENTS</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: center; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="text-align: right; text-transform: uppercase">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Section 1.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Amendments</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">18</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Section 2.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Entire Board of Directors</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">18</FONT></TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">AMENDED AND RESTATED BY-LAWS<BR>
<BR>
OF<BR>
<BR>
MYR GROUP INC.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(hereinafter called the &ldquo;<U>Corporation</U>&rdquo;)</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Registered
Office</U>. The registered office of the Corporation shall be in the City of Wilmington, County of New Castle, State of Delaware.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other
Offices</U>. The Corporation may also have offices at such other places, both within and without the State of Delaware, as the
Board of Directors may from time to time determine.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Place
of Meetings</U>. Meetings of the stockholders for the election of directors or for any other purpose shall be held at such time
and place, either within or without the State of Delaware, as shall be designated from time to time by the Board of Directors.&nbsp;
The Board of Directors may, in its sole discretion, determine that a meeting of the stockholders shall not be held at any place,
but may instead be held solely by means of remote communication in the manner authorized by the General Corporation Law of the
State of Delaware (the &ldquo;<U>DGCL</U>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Annual
Meetings</U>. The Annual Meeting of Stockholders for the election of directors shall be held on such date and at such time as shall
be designated from time to time by the Board of Directors.&nbsp; Any other proper business may be transacted at the Annual Meeting
of Stockholders.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Special
Meetings</U>. Unless otherwise required by law or by the certificate of incorporation of the Corporation, as amended and restated
from time to time (the &ldquo;<U>Certificate of Incorporation</U>&rdquo;), Special Meetings of Stockholders, for any purpose or
purposes, may be called by either (i)&nbsp;the Chairman, if there be one, or (ii)&nbsp;the President, (iii)&nbsp;any Vice President,
if there be one, (iv)&nbsp;the Secretary or (v)&nbsp;any Assistant Secretary, if there be one, and shall be called by any such
officer at the request in writing of (i)&nbsp;the Board of Directors, (ii)&nbsp;a committee of the Board of Directors that has
been duly designated by the Board of Directors and whose powers and authority include the power to call such meetings or (iii)&nbsp;stockholders
owning a majority of the capital stock of the Corporation issued and outstanding and entitled to vote.&nbsp; Such request shall
state the purpose or purposes of the proposed meeting.&nbsp; At a Special Meeting of Stockholders, only such business shall be
conducted as shall be specified in the notice of meeting (or any supplement thereto).</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Nature
of Business at Meetings of Stockholders</U>. No business may be transacted at an Annual Meeting of Stockholders, other than business
that is either (a)&nbsp;specified in the notice of meeting (or any supplement thereto) given by or at the direction of the Board
of Directors (or any duly authorized committee thereof), (b)&nbsp;otherwise properly brought before the Annual Meeting by or at
the direction of the Board of Directors (or any duly authorized committee thereof), or (c)&nbsp;otherwise properly brought before
the Annual Meeting by any stockholder of the Corporation (i)&nbsp;who is a stockholder of record on the date of the giving of the
notice provided for in this Section&nbsp;4 and on the record date for the determination of stockholders entitled to notice of and
to vote at such Annual Meeting and (ii)&nbsp;who complies with the notice procedures set forth in this Section&nbsp;4. For the
avoidance of doubt, the foregoing clause (c) will be the exclusive means for a stockholder to submit business before an Annual
Meeting of Stockholders (other than (x) proposals properly made in accordance with Rule 14a-8 under the Securities Exchange Act
of 1934, as amended (the &ldquo;<U>Exchange Act</U>&rdquo;), and the rules and regulations promulgated thereunder, and included
in the notice of meeting given by or at the direction of the Board of Directors (or any duly authorized committee thereof) and
(y) nominations properly made in accordance with Section 5 of Article II of these By-Laws).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">In addition to any other applicable requirements,
for business to be properly brought before an Annual Meeting by a stockholder, such stockholder must have given timely notice thereof
in proper written form to the Secretary of the Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">To be timely, a stockholder&rsquo;s notice to
the Secretary must be delivered to or mailed and received at the principal executive offices of the Corporation not less than ninety
(90) days nor more than one hundred twenty (120) days prior to the anniversary date of the immediately preceding Annual Meeting
of Stockholders; <U>provided</U>, <U>however</U>, that in the event that the Annual Meeting is called for a date that is not within
thirty (30) days before or after such anniversary date, notice by the stockholder in order to be timely must be so received not
later than the close of business on the tenth (10th) day following the day on which such notice of the date of the Annual Meeting
was mailed or such public disclosure of the date of the Annual Meeting was made, whichever first occurs.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">To be in proper written form, a stockholder&rsquo;s
notice to the Secretary must set forth as to each matter such stockholder proposes to bring before the Annual Meeting (i)&nbsp;a
brief description of the business desired to be brought before the Annual Meeting and the reasons for conducting such business
at the Annual Meeting, (ii)&nbsp;the name and record address of such stockholder, (iii)&nbsp;the class or series and number of
shares of capital stock of the Corporation which are owned beneficially or of record by such stockholder, (iv)&nbsp;a description
of all arrangements or understandings between such stockholder and any other person or persons (including their names) in connection
with the proposal of such business by such stockholder and any material interest of such stockholder in such business and (v)&nbsp;a
representation that such stockholder intends to appear in person or by proxy at the Annual Meeting to bring such business before
the meeting.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">No business shall be conducted at the Annual Meeting
of Stockholders except business brought before the Annual Meeting in accordance with the procedures set forth in this Section&nbsp;4;
<U>provided</U>, <U>however</U>, that, once business has been properly brought before the Annual Meeting in accordance with such
procedures, nothing in this Section&nbsp;4 shall be deemed to preclude discussion by any stockholder of any such business.&nbsp;
If the chairman of an Annual Meeting determines that business was not properly brought before the Annual Meeting in accordance
with the foregoing procedures, the chairman shall declare to the meeting that the business was not properly brought before the
meeting and such business shall not be transacted.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Nomination
of Directors</U>. Only persons who are nominated in accordance with the following procedures shall be eligible for election as
directors of the Corporation, except as may be otherwise provided in the Certificate of Incorporation with respect to the right
of holders of preferred stock of the Corporation to nominate and elect a specified number of directors in certain circumstances.&nbsp;
Nominations of persons for election to the Board of Directors may be made at any Annual Meeting of Stockholders, or at any Special
Meeting of Stockholders called for the purpose of electing directors, (a)&nbsp;by or at the direction of the Board of Directors
(or any duly authorized committee thereof) or (b)&nbsp;by any stockholder of the Corporation (i)&nbsp;who is a stockholder of record
on the date of the giving of the notice provided for in this Section&nbsp;5 and on the record date for the determination of stockholders
entitled to notice of and to vote at such meeting and (ii)&nbsp;who complies with the notice procedures set forth in this Section&nbsp;5.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">In addition to any other applicable requirements,
for a nomination to be made by a stockholder, such stockholder must have given timely notice thereof in proper written form to
the Secretary of the Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">To be timely, a stockholder&rsquo;s notice to
the Secretary must be delivered to or mailed and received at the principal executive offices of the Corporation (a)&nbsp;in the
case of an Annual Meeting, not less than ninety (90) days nor more than one hundred twenty (120) days prior to the anniversary
date of the immediately preceding Annual Meeting of Stockholders; <U>provided</U>, <U>however</U>, that in the event that the Annual
Meeting is called for a date that is not within thirty (30) days before or after such anniversary date, notice by the stockholder
in order to be timely must be so received not later than the close of business on the tenth (10th) day following the day on which
such notice of the date of the Annual Meeting was mailed or such public disclosure of the date of the Annual Meeting was made,
whichever first occurs; and (b)&nbsp;in the case of a Special Meeting of Stockholders called for the purpose of electing directors,
not later than the close of business on the tenth (10th) day following the day on which notice of the date of the Special Meeting
was mailed or public disclosure of the date of the Special Meeting was made, whichever first occurs.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">To be in proper written form, a stockholder&rsquo;s
notice to the Secretary must set forth (a)&nbsp;as to each person whom the stockholder proposes to nominate for election as a director
(i)&nbsp;the name, age, business address and residence address of the person, (ii)&nbsp;the principal occupation or employment
of the person, (iii)&nbsp;the class or series and number of shares of capital stock of the Corporation which are owned beneficially
or of record by the person and (iv)&nbsp;any other information relating to the person that would be required to be disclosed in
a proxy statement or other filings required to be made in connection with solicitations of proxies for election of directors pursuant
to Section&nbsp;14 of the Exchange Act, and the rules&nbsp;and regulations promulgated thereunder; and (b)&nbsp;as to the stockholder
giving the notice (i)&nbsp;the name and record address of such stockholder, (ii)&nbsp;the class or series and number of shares
of capital stock of the Corporation which are owned beneficially or of record by such stockholder, (iii)&nbsp;a description of
all arrangements or understandings between such stockholder and each proposed nominee and any other person or persons (including
their names) pursuant to which the nomination(s)&nbsp;are to be made by such stockholder, (iv)&nbsp;a representation that such
stockholder intends to appear in person or by proxy at the meeting to nominate the persons named in its notice and (v)&nbsp;any
other information relating to such stockholder that would be required to be disclosed in a proxy statement or other filings required
to be made in connection with solicitations of proxies for election of directors pursuant to Section&nbsp;14 of the Exchange Act
and the rules&nbsp;and regulations promulgated thereunder.&nbsp; Such notice must be accompanied by a written consent of each proposed
nominee to being named as a nominee and to serve as a director if elected.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">No person shall be eligible for election as a
director of the Corporation unless nominated in accordance with the procedures set forth in this Section&nbsp;5.&nbsp; If the Chairman
of the meeting determines that a nomination was not made in accordance with the foregoing procedures, the Chairman shall declare
to the meeting that the nomination was defective and such defective nomination shall be disregarded.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notice</U>.
Whenever stockholders are required or permitted to take any action at a meeting, a written notice of the meeting shall be given
which shall state the place, if any, date and hour of the meeting, the means of remote communications, if any, by which stockholders
and proxyholders may be deemed to be present in person and vote at such meeting, and, in the case of a Special Meeting, the purpose
or purposes for which the meeting is called.&nbsp; Unless otherwise required by law, written notice of any meeting shall be given
not less than ten (10)&nbsp;nor more than sixty (60) days before the date of the meeting to each stockholder entitled to notice
of and to vote at such meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Adjournments</U>.
Any meeting of the stockholders may be adjourned from time to time to reconvene at the same or some other place, and notice need
not be given of any such adjourned meeting 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.&nbsp; At the adjourned meeting, the Corporation may transact any business which
might have been transacted at the original meeting.&nbsp; If the adjournment is for more than thirty (30) days, or if after the
adjournment a new record date is fixed for the adjourned meeting, notice of the adjourned meeting in accordance with the requirements
of Section&nbsp;6 hereof shall be given to each stockholder of record entitled to notice of and to vote at the meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Quorum</U>.
Unless otherwise required by applicable law or the Certificate of Incorporation, the holders of a majority of the Corporation&rsquo;s
capital stock issued and outstanding and entitled to vote thereat, present in person or represented by proxy, shall constitute
a quorum at all meetings of the stockholders for the transaction of business.&nbsp; A quorum, once established, shall not be broken
by the withdrawal of enough votes to leave less than a quorum.&nbsp; If, however, such quorum shall not be present or represented
at any meeting of the stockholders, the stockholders entitled to vote thereat, present in person or represented by proxy, shall
have power to adjourn the meeting from time to time, in the manner provided in Section&nbsp;7 hereof, until a quorum shall be present
or represented.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Voting</U>.
Unless otherwise required by law, the Certificate of Incorporation or these By-Laws, or permitted by the rules&nbsp;of any stock
exchange on which the Company&rsquo;s shares are listed and traded, any question brought before any meeting of the stockholders,
other than the election of directors, shall be decided by the vote of the holders of a majority of the total number of votes of
the Corporation&rsquo;s capital stock represented at the meeting and entitled to vote on such question, voting as a single class.&nbsp;
Unless otherwise provided in the Certificate of Incorporation, and subject to Section&nbsp;12 of this Article&nbsp;II, each stockholder
represented at a meeting of the stockholders shall be entitled to cast one (1)&nbsp;vote for each share of the capital stock entitled
to vote thereat held by such stockholder.&nbsp; Such votes may be cast in person or by proxy as provided in Section&nbsp;10 of
this Article&nbsp;II.&nbsp; The Board of Directors, in its discretion, or the officer of the Corporation presiding at a meeting
of the stockholders, in such officer&rsquo;s discretion, may require that any votes cast at such meeting shall be cast by written
ballot.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Proxies</U>.
Each stockholder entitled to vote at a meeting of the stockholders may authorize another person or persons to act for such stockholder
as proxy, but &nbsp;no such proxy shall be voted upon after three years from its date, unless such proxy provides for a longer
period.&nbsp; Without limiting the manner in which a stockholder may authorize another person or persons to act for such stockholder
as proxy, the following shall constitute a valid means by which a stockholder may grant such authority:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
stockholder may execute a writing authorizing another person or persons to act for such stockholder as proxy.&nbsp; Execution may
be accomplished by the stockholder or such stockholder&rsquo;s authorized officer, director, employee or agent signing such writing
or causing such person&rsquo;s signature to be affixed to such writing by any reasonable means, including, but not limited to,
by facsimile signature.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
stockholder may authorize another person or persons to act for such stockholder as proxy by transmitting or authorizing the transmission
of a telegram, cablegram or other means of electronic transmission to the person who will be the holder of the proxy or to a proxy
solicitation firm, proxy support service organization or like agent duly authorized by the person who will be the holder of the
proxy to receive such transmission, provided that any such telegram, cablegram or other means of electronic transmission must either
set forth or be submitted with information from which it can be determined that the telegram, cablegram or other electronic transmission
was authorized by the stockholder.&nbsp; If it is determined that such telegrams, cablegrams or other electronic transmissions
are valid, the inspectors or, if there are no inspectors, such other persons making that determination shall specify the information
on which they relied.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Any copy, facsimile telecommunication or other
reliable reproduction of the writing or transmission authorizing another person or persons to act as proxy for a stockholder may
be &nbsp;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, however, that such copy, facsimile telecommunication or other reproduction shall be a
complete reproduction of the entire original writing or transmission.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>List
of Stockholders Entitled to Vote</U>. The officer of the Corporation who has charge of the stock ledger of the Corporation shall
prepare and make, at least ten (10)&nbsp;days before every meeting of the 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.&nbsp; 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)&nbsp;days prior to the meeting (i)&nbsp;on a reasonably
accessible electronic network, provided that the information required to gain access to such list is provided with the notice of
the meeting, or (ii)&nbsp;during ordinary business hours, at the principal place of business of the Corporation.&nbsp; In the event
that the Corporation determines to make the list available on an electronic network, the Corporation may take reasonable steps
to ensure that such information is available only to stockholders of the Corporation.&nbsp; If the meeting is to be held at a place,
then the list shall be produced and kept at the time and place of the meeting during the whole time thereof, and may be inspected
by any stockholder who is present.&nbsp; If the meeting is to be held solely by means of remote communication, then the list shall
also be open to the examination of any stockholder during the whole time of the meeting on a reasonably accessible electronic network,
and the information required to access such list shall be provided with the notice of the meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Record
Date</U>. In order that the Corporation may determine the stockholders entitled to notice of or to vote at any meeting of the stockholders
or any adjournment thereof, the Board of Directors may fix a record date, which record date shall not precede the date upon which
the resolution fixing the record date is adopted by the Board of Directors, and which record date shall not be more than sixty
(60) nor less than ten (10)&nbsp;days before the date of such meeting.&nbsp; If no record date is fixed by the Board of Directors,
the record date for determining stockholders entitled to notice of or to vote at a meeting of the stockholders shall be at the
close of business on the day next preceding the day on which notice is given, or, if notice is waived, at the close of business
on the day next preceding the day on which the meeting is held.&nbsp; A determination of stockholders of record entitled to notice
of or to vote at a meeting of the stockholders shall apply to any adjournment of the meeting; provided, however, that the Board
of Directors may fix a new record date for the adjourned meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Stock
Ledger</U>. The stock ledger of the Corporation shall be the only evidence as to who are the stockholders entitled to examine the
stock ledger, the list required by Section&nbsp;11 of this Article&nbsp;II or the books of the Corporation, or to vote in person
or by proxy at any meeting of the stockholders.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Conduct
of Meetings</U>. The Board of Directors of the Corporation may adopt by resolution such rules&nbsp;and regulations for the conduct
of any meeting of the stockholders as it shall deem appropriate.&nbsp; Except to the extent inconsistent with such rules&nbsp;and
regulations as adopted by the Board of Directors, the chairman of any meeting of the stockholders shall have the right and authority
to prescribe such rules, regulations and procedures and to do all such acts as, in the judgment of such chairman, are appropriate
for the proper conduct of the meeting.&nbsp; Such rules, regulations or procedures, whether adopted by the Board of &nbsp;Directors
or prescribed by the chairman of the meeting, may include, without limitation, the following:&nbsp; (i)&nbsp;the establishment
of an agenda or order of business for the meeting; (ii)&nbsp;the determination of when the polls shall open and close for any given
matter to be voted on at the meeting; (iii)&nbsp;rules&nbsp;and procedures for maintaining order at the meeting and the safety
of those present; (iv)&nbsp;limitations on attendance at or participation in the meeting to stockholders of record of the Corporation,
their duly authorized and constituted proxies or such other persons as the chairman of the meeting shall determine; (v)&nbsp;restrictions
on entry to the meeting after the time fixed for the commencement thereof; and (vi)&nbsp;limitations on the time allotted to questions
or comments by participants.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Inspectors
of Election</U>. In advance of any meeting of the stockholders, the Board of Directors, by resolution, the Chairman or the President
shall appoint one or more inspectors to act at the meeting and make a written report thereof.&nbsp; One or more other persons may
be designated as alternate inspectors to replace any inspector who fails to act.&nbsp; If no inspector or alternate is able to
act at a meeting of the stockholders, the chairman of the meeting shall appoint one or more inspectors to act at the meeting.&nbsp;
Unless otherwise required by applicable law, inspectors may be officers, employees or agents of the Corporation.&nbsp; Each inspector,
before entering upon the discharge of the duties of inspector, shall take and sign an oath faithfully to execute the duties of
inspector with strict impartiality and according to the best of such inspector&rsquo;s ability.&nbsp; The inspector shall have
the duties prescribed by law and shall take charge of the polls and, when the vote is completed, shall make a certificate of the
result of the vote taken and of such other facts as may be required by applicable law.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Number
and Election of Directors</U>. The directors shall be divided into three classes, designated Class&nbsp;I, Class&nbsp;II and Class&nbsp;III.&nbsp;
Each class shall consist, as nearly as may be possible, of one-third of the total number of directors constituting the entire Board
of Directors.&nbsp; At any meeting of stockholders at which directors are elected, the number of directors elected may not exceed
the greatest number of directors then in office in any class of directors.&nbsp; At each Annual Meeting of Stockholders, successors
to the class of directors whose term expires at that Annual Meeting shall be elected for a three-year term and until their successors
are duly elected and qualified.&nbsp; If the number of directors is changed, any increase or decrease shall be apportioned among
the classes so as to maintain the number of directors in each class as nearly equal as possible, and any additional director of
any class elected to fill a vacancy resulting from an increase in such class or from the removal from office, death, disability,
resignation or disqualification of a director or other cause shall hold office for a term that shall coincide with the remaining
term of that class, but in no case will a decrease in the number of directors have the effect of removing or shortening the term
of any incumbent director.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Each director to be elected by stockholders shall
be elected as such by the majority of the votes cast by stockholders upon his or her election at a meeting for the election of
directors at which a quorum is present, except that, if the number of nominees for election at any such meeting exceeds the number
of directors to be elected at such meeting, each director to be so elected shall be elected as such by a plurality of the votes
cast by stockholders at such meeting. For purposes of this Section&nbsp;1 of Article&nbsp;III, a majority of votes cast shall mean
that the number of shares voted &ldquo;for&rdquo; a director&rsquo;s election exceeds 50% of the number of votes cast on the issue
of that director&rsquo;s election (including votes &ldquo;for,&rdquo; votes &ldquo;against&rdquo; and votes to withhold authority
with respect to that director&rsquo;s election, but excluding any abstentions or broker non-votes). <B> </B>If directors are to
be elected by a plurality of the votes cast, stockholders shall not be permitted to vote against a nominee.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">A director who stands for re-election is expected
to tender his or her resignation if he or she fails to receive the required number of votes for re-election. The Board of Directors
shall nominate for election or re-election as director only candidates who agree to tender, promptly following the annual meeting
at which they are elected or re-elected as director, irrevocable resignations that will be effective upon (i)&nbsp;the failure
to receive the required vote at the next annual meeting at which they stand for re-election and (ii)&nbsp;the Board of Directors&rsquo;
acceptance of such resignation. In addition, the Board of Directors shall fill director vacancies and new directorships only with
persons who agree to tender, promptly following their appointment to the Board of Directors, irrevocable resignations that will
be effective upon (i)&nbsp;the failure to receive the required vote at the next annual meeting at which they stand for re-election
and (ii)&nbsp;the Board of Directors&rsquo; acceptance of such resignation. If an incumbent director fails to receive the required
vote for re-election, the Nominating and Corporate Governance Committee will act on an expedited basis to determine whether to
accept the director&rsquo;s resignation and will submit such recommendation for prompt consideration by the Board of Directors.
A director whose resignation is under consideration is expected to abstain from participating in any decision regarding that resignation.
The Nominating and Corporate Governance Committee and the Board of Directors may consider any factors they deem relevant in deciding
whether to accept or reject a director&rsquo;s resignation. Directors need not be stockholders.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Vacancies</U>.
Any vacancy on the Board of Directors that results from an increase in the number of directors may be filled by a majority of the
Board of Directors then in office, provided that a quorum is present, and any other vacancy occurring on the Board of Directors
may be filled by a majority of the Board of Directors then in office, even if less than a quorum, or by a sole remaining director.&nbsp;
Any director of any class elected to fill a vacancy resulting from an increase in the number of directors of such class shall hold
office for a term that shall coincide with the remaining term of that class.&nbsp; Any director elected to fill a vacancy not resulting
from an increase in the number of directors shall have the same remaining term as that of his or her predecessor.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Duties
and Powers</U>. The business and affairs of the Corporation shall be managed by or under the direction of the Board of Directors
which may exercise all such powers of the Corporation and do all such lawful acts and things as are not by statute or by the Certificate
of Incorporation or by these By-Laws required to be exercised or done by the stockholders.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Meetings</U>.
The Board of Directors and any committee thereof may hold meetings, both regular and special, either within or without the State
of Delaware.&nbsp; Regular meetings of the Board of Directors or any committee thereof may be held without notice at such time
and at such place as may from time to time be determined by the Board of Directors or such committee, respectively.&nbsp;&nbsp;
Special meetings of the Board of Directors may be called by the Chairman, if there be one, the President, or by a majority of the
Board of Directors.&nbsp; Special meetings of any committee of the Board of Directors may be called by the chairman of such committee,
if there be one, the President, or any director serving on such committee.&nbsp; Notice thereof stating the place, date and hour
of the meeting shall be given to each director (or, in the case of a committee, to each member of such committee) either by mail
not less than forty-eight (48) hours before the date of the meeting, by telephone, telegram or electronic means on twenty-four
(24) hours&rsquo; notice, or on such shorter notice as the person or persons calling such meeting may deem necessary or appropriate
in the circumstances.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Organization</U>.
At each meeting of the Board of Directors or any committee thereof, the Chairman of the Board of Directors or the chairman of such
committee, as the case may be, or, in his or her absence or if there be none, a director chosen by a majority of the directors
present, shall act as chairman.&nbsp; Except as provided below, the Secretary of the Corporation shall act as secretary at each
meeting of the Board of Directors and of each committee thereof.&nbsp;&nbsp; In case the Secretary shall be absent from any meeting
of the Board of Directors or of any committee thereof, an Assistant Secretary shall perform the duties of secretary at such meeting;
and in the absence from any such meeting of the Secretary and all the Assistant Secretaries, the chairman of the meeting may appoint
any person to act as secretary of the meeting.&nbsp; Notwithstanding the foregoing, the members of each committee of the Board
of Directors may appoint any person to act as secretary of any meeting of such committee and the Secretary or any Assistant Secretary
of the Corporation may, but need not if such committee so elects, serve in such capacity.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Resignations
and Removals of Directors</U>. Any director of the Corporation may resign from the Board of Directors or any committee thereof
at any time, by giving notice in writing or by electronic transmission to the Chairman of the Board of Directors, if there be one,
the President or the Secretary of the Corporation and, in the case of a committee, &nbsp;to the chairman of such committee, if
there be one.&nbsp; Such resignation shall take effect at the time therein specified or, if no time is specified, immediately;
and, unless otherwise specified in such notice, the acceptance of such resignation shall not be necessary to make it effective.&nbsp;
Except as otherwise required by applicable law and subject to the rights, if any, of the holders of shares of preferred stock then
outstanding, any director or the entire Board of Directors may be removed from office at any time, but only for cause or as provided
in Section&nbsp;3 of Article&nbsp;II hereof, and only by the affirmative vote of the holders of at least a majority in voting power
of the issued and outstanding capital stock of the Corporation entitled to vote in the election of directors.&nbsp; Any director
serving on a committee of the Board of Directors may be removed from such committee at any time by the Board of Directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Quorum</U>.
Except as otherwise required by law, or the Certificate of Incorporation or the rules&nbsp;and regulations of any securities exchange
or quotation system on which the Corporation&rsquo;s securities are listed or quoted for trading, at all meetings of the Board
of Directors or any committee thereof, a&nbsp; majority of the entire Board of Directors or a majority of the directors constituting
such committee, as the case may be, shall constitute a quorum for the transaction of business and the act of a majority of the
directors or committee members present at any meeting at which there is a quorum shall be the act of the Board of Directors or
such committee, as applicable.&nbsp; If a quorum shall not be present at any meeting of the Board of Directors or any committee
thereof, the directors present thereat may adjourn the meeting from time to time, without notice other than announcement at the
meeting of the time and place of the adjourned meeting, until a quorum shall be present.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Actions
of the Board by Written Consent</U>. Unless otherwise provided in the Certificate of Incorporation or these By-Laws, any action
required or permitted &nbsp;to be taken at any meeting of the Board of Directors or of any committee thereof may be taken without
a meeting, if all the members of the Board of Directors or such committee, as the case may be, consent thereto in writing or by
electronic transmission, and the writing or writings or electronic transmission or transmissions are filed with the minutes of
proceedings of the Board of Directors or such committee.&nbsp; Such filing shall be in paper form if the minutes are maintained
in paper form and shall be in electronic form if the minutes are maintained in electronic form.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Meetings
by Means of Conference Telephone</U>. Unless otherwise provided in the Certificate of Incorporation or these By-Laws, members of
the Board of Directors of the Corporation, or any committee thereof, may participate in a meeting of the Board of Directors or
such committee by means of a conference telephone or other communications equipment by means of which all persons participating
in the meeting can hear each other, and participation in a meeting pursuant to this Section&nbsp;9 shall constitute presence in
person at such meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Committees</U>.
The Board of Directors may designate one or more committees, each committee to consist of one or more of the directors of the Corporation.&nbsp;
Each member of a committee must meet the requirements for membership, if any, imposed by applicable law and the rules&nbsp;and
regulations of any securities exchange or quotation system on which the securities of the Corporation are listed or quoted for
trading.&nbsp; The Board of Directors may designate one or more directors as alternate members of any committee, who may replace
any absent or disqualified member at any meeting of any such committee.&nbsp; Subject to the rules&nbsp;and regulations of any
securities exchange or quotation system on which the securities of the Corporation are listed or quoted for trading, in the absence
or disqualification of a member of a committee, and in the absence of a designation by the Board of Directors of an alternate member
to replace the absent or disqualified member, the member or members thereof present at any meeting and not disqualified from voting,
whether or not such member or members constitute a quorum, may unanimously appoint another qualified member of the Board of Directors
to act at the meeting in the place of any absent or disqualified member.&nbsp; Any committee, to the extent permitted by law and
provided in the resolution establishing such committee, shall have and may exercise all the powers and authority of the Board of
Directors in the management of the business and affairs of the Corporation, and may authorize the seal of the Corporation to be
affixed to all papers which may require it.&nbsp; Each committee shall keep regular minutes and report to the Board of Directors
when required.&nbsp; Notwithstanding anything to the contrary contained in this Article&nbsp;III, the resolution of the Board of
Directors establishing any committee of the Board of Directors and/or the charter of any such committee may establish requirements
or procedures relating to the governance and/or operation of such committee that are different from, or in addition to, those set
forth in these By-Laws and, to the extent that there is any inconsistency between these By-Laws and any such resolution or charter,
the terms of such resolution or charter shall be controlling.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compensation</U>.
The directors may be paid their expenses, if any, of attendance at each meeting of the Board of Directors and shall receive such
compensation for their services as directors as shall be determined by the Board of Directors. No such payment shall preclude any
director from serving the Corporation in any other capacity and receiving compensation therefor.&nbsp; Members of special or standing
committees may be allowed like compensation for service as committee members.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Interested
Directors</U>. No contract or transaction between the Corporation and one or more of its directors or officers, or between the
Corporation and any other corporation, partnership, association or other organization in which one or more of its directors or
officers are directors or officers or have a financial interest, shall be void or voidable solely for this reason, or solely because
the director or officer is present at or participates in the meeting of the Board of Directors or committee thereof which authorizes
the contract or transaction, or solely because any such director&rsquo;s or officer&rsquo;s vote is counted for such purpose if:
(i)&nbsp;the material facts as to the director&rsquo;s or officer&rsquo;s relationship or interest and as to the contract or transaction
are disclosed or are known to the Board of Directors or the committee, and the Board of Directors or committee in good faith authorizes
the contract or transaction by the affirmative votes of a majority of the disinterested directors, even though the disinterested
directors be less than a quorum; or (ii)&nbsp;the material facts as to the director&rsquo;s or officer&rsquo;s relationship or
interest and as to the contract or transaction are disclosed or are known to the stockholders entitled to vote thereon, and the
contract or transaction is specifically approved in good faith by vote of the stockholders; or (iii)&nbsp;the contract or transaction
is fair as to the Corporation as of the time it is authorized, approved or ratified by the Board of Directors, a committee thereof
or the stockholders.&nbsp; Common or interested directors may be counted in determining the presence of a quorum at a meeting of
the Board of Directors or of a committee which authorizes the contract or transaction.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>General</U>.
The officers of the Corporation shall be chosen by the Board of Directors and shall be a President, a Secretary and a Treasurer.&nbsp;
The Board of Directors, in its discretion, also may choose a Chairman of the Board of Directors (who must be a director) and one
or more Vice Presidents, Assistant Secretaries, Assistant Treasurers and other officers. Any number of offices may be held by the
same person, unless otherwise prohibited by law, the Certificate of Incorporation or these By-Laws.&nbsp; The officers of the Corporation
need not be stockholders of the Corporation nor, except in the case of the Chairman of the Board of Directors, need such officers
be directors of the Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Election</U>.
The Board of Directors, at its first meeting held after each Annual Meeting of Stockholders, shall elect the officers of the Corporation
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 by the Board of Directors; and each officer of the Corporation shall hold office until such officer&rsquo;s successor
is elected and qualified, or until such officer&rsquo;s earlier death, resignation or removal.&nbsp; Any officer elected by the
Board of Directors may be removed at any time by the Board of Directors.&nbsp; Any vacancy occurring in any office of the Corporation
shall be filled by the Board of Directors.&nbsp; The salaries of all officers of the Corporation shall be fixed by the Board of
Directors.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Voting
Securities Owned by the Corporation</U>. Powers of attorney, proxies, waivers of notice of meeting, consents and other instruments
relating to securities owned by the Corporation may be executed in the name of and on behalf of the Corporation by the President
or any Vice President or any other officer authorized to do so by the Board of Directors and any such officer may, in the name
of and on behalf of the Corporation, take all such action as any such officer may deem advisable to vote in person or by proxy
at any meeting of security holders of any corporation in which the Corporation may own securities and at any such meeting shall
possess and may exercise any and all rights and power incident to the ownership of such securities and which, as the owner thereof,
the Corporation might have exercised and possessed if present.&nbsp; The Board of Directors may, by resolution, from time to time
confer like powers upon any other person or persons.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Chairman
of the Board of Directors</U>. The Chairman of the Board of Directors, if there be one, shall preside at all meetings of the stockholders
and of the Board of Directors.&nbsp; The Chairman of the Board of Directors shall be the Chief Executive Officer of the Corporation,
unless the Board of Directors designates the President as the Chief Executive Officer, and, except where by law the signature of
the President is required, the Chairman of the Board of Directors shall possess the same power as the President to sign all contracts,
certificates and other instruments of the Corporation which may be authorized by the Board of Directors.&nbsp; During the absence
or disability of the President, the Chairman of the Board of Directors shall exercise all the powers and discharge all the duties
of the President.&nbsp; The Chairman of the Board of Directors shall also perform such other duties and may exercise such other
powers as may from time to time be assigned by these By-Laws or by the Board of Directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>President</U>.
The President shall, subject to the control of the Board of Directors and, if there be one, the Chairman of the Board of Directors,
have general supervision of the business of the Corporation and shall see that all orders and resolutions of the Board of Directors
are carried into effect.&nbsp; The President shall execute all bonds, mortgages, contracts and other instruments of the Corporation
requiring a seal, under the seal of the Corporation, except where required or permitted by law to be otherwise signed and executed
and except that the other officers of the Corporation may sign and execute documents when so authorized by these By-Laws, the Board
of Directors or the President.&nbsp; In the absence or disability of the Chairman of the Board of Directors, or if there be none,
the President shall preside at all meetings of the stockholders and, provided the President is also a director, the Board of Directors.&nbsp;
If there be no Chairman of the Board of Directors, or if the Board of Directors shall otherwise designate, the President shall
be the Chief Executive Officer of the Corporation.&nbsp; The President shall also perform such other duties and may exercise such
other powers as may from time to time be assigned to such officer by these By-Laws or by the Board of Directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Vice
Presidents</U>. At the request of the President or in the President&rsquo;s absence or in the event of the President&rsquo;s inability
or refusal to act (and if there be no Chairman of the Board of Directors), the Vice President, or the Vice Presidents if there
are more than one (in the order designated by the Board of Directors), shall perform the duties of the President, and when so acting,
shall have all the powers of and be subject to all the restrictions upon the President.&nbsp; Each Vice President shall perform
such other duties and have such other powers as the Board of Directors from time to time may prescribe.&nbsp; If there be no Chairman
of the Board of Directors and no Vice President, the Board of Directors shall designate the officer of the Corporation who, in
the absence of the President or in the event of the inability or refusal of the President to act, shall perform the duties of the
President, and when so acting, shall have all the powers of and be subject to all the restrictions upon the President.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Secretary</U>.
The Secretary shall attend all meetings of the Board of Directors and all meetings of the stockholders and record all the proceedings
thereat in a book or books to be kept for that purpose; the Secretary shall also perform like duties for committees of the Board
of Directors when required.&nbsp; The Secretary shall give, or cause to be given, notice of all meetings of the stockholders and
special meetings of the Board of Directors, and shall perform such other duties as may be prescribed by the Board of Directors,
the Chairman of the Board of Directors or the President, under whose supervision the Secretary shall be.&nbsp; If the Secretary
shall be unable or shall refuse to cause to be given notice of all meetings of the stockholders and special meetings of the Board
of Directors, and if there be no Assistant Secretary, then either the Board of Directors or the President may choose another officer
to cause such notice to be given.&nbsp; The Secretary shall have custody of the seal of the Corporation and the Secretary or any
Assistant Secretary, if there be one, shall have authority to affix the same to any instrument requiring it and when so affixed,
it may be attested by the signature of the Secretary or by the signature of any such Assistant Secretary.&nbsp; The Board of Directors
may give general authority to any other officer to affix the seal of the Corporation and to attest to the affixing by such officer&rsquo;s
signature.&nbsp; The Secretary shall see that all books, reports, statements, certificates and other documents and records required
by law to be kept or filed are properly kept or filed, as the case may be.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Treasurer</U>.
The Treasurer shall have the custody of the corporate funds and securities and shall keep full and accurate accounts of receipts
and disbursements in books belonging to the Corporation and shall deposit all moneys and other valuable effects in the name and
to the credit of the Corporation in such depositories as may be designated by the Board of Directors.&nbsp; The Treasurer shall
disburse the funds of the Corporation as may be ordered by the Board of Directors, taking proper vouchers for such disbursements,
and shall render to the President and the Board of Directors, at its regular meetings, or when the Board of Directors so requires,
an account of all transactions as Treasurer and of the financial condition of the Corporation.&nbsp; If required by the Board of
Directors, the Treasurer shall give the Corporation a bond in such sum and with such surety or sureties as shall be satisfactory
to the Board of Directors for the faithful performance of the duties of the office of the Treasurer and for the restoration to
the Corporation, in case of the Treasurer&rsquo;s death, resignation, retirement or removal from office, of all books, papers,
vouchers, money and other property of whatever kind in the Treasurer&rsquo;s possession or under the Treasurer&rsquo;s control
belonging to the Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Assistant
Secretaries</U>. Assistant Secretaries, if there be any, shall perform such duties and have such powers as from time to time may
be assigned to them by the Board of Directors, the President, any Vice President, if there be one, or the Secretary, and in the
absence of the Secretary or in the event of the Secretary&rsquo;s inability or refusal to act, shall perform the duties of the
Secretary, and when so acting, shall have all the powers of and be subject to all the restrictions upon the Secretary.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Assistant
Treasurers</U>. Assistant Treasurers, if there be any, shall perform such duties and have such powers as from time to time may
be assigned to them by the Board of Directors, the President, any Vice President, if there be one, or the Treasurer, and in the
absence of the Treasurer or in the event of the Treasurer&rsquo;s inability or refusal to act, shall perform the duties of the
Treasurer, and when so acting, shall have all the powers of and be subject to all the restrictions upon the Treasurer.&nbsp; If
required by the Board of Directors, an Assistant Treasurer shall give the Corporation a bond in such sum and with such surety or
sureties as shall be satisfactory to the Board of Directors for the faithful performance of the duties of the office of Assistant
Treasurer and for the restoration to the Corporation, in case of the Assistant Treasurer&rsquo;s death, resignation, retirement
or removal from office, of all books, papers, vouchers, money and other property of whatever kind in the Assistant Treasurer&rsquo;s
possession or under the Assistant Treasurer&rsquo;s control belonging to the Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other
Officers</U>. Such other officers as the Board of Directors may choose shall perform such duties and have such powers as from time
to time may be assigned to them by the Board of Directors.&nbsp; The Board of Directors may delegate to any other officer of the
Corporation the power to choose such other officers and to prescribe their respective duties and powers.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Shares
of Stock</U>. The shares of capital stock of the Corporation shall be represented by a certificate, unless and until the Board
of Directors adopts a resolution permitting shares to be uncertificated.&nbsp; Notwithstanding the adoption of any such resolution
providing for uncertificated shares, every holder of stock in the Corporation theretofore represented by certificates and, upon
request, every holder of uncertificated shares, shall be entitled to have a certificate for shares of capital stock of the Corporation
signed by, or in the name of the Corporation (i)&nbsp;by the Chairman of the Board of Directors, or the President or a Vice President
and (ii)&nbsp;by the Treasurer or an Assistant Treasurer, or the Secretary or an Assistant Secretary of the Corporation, certifying
the number of shares owned by such stockholder in the Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Signatures</U>.
Any or all of the signatures on a certificate may be a facsimile.&nbsp; 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: 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Lost
Certificates</U>. The Board of Directors may direct a new certificate of stock or uncertificated shares to be issued in place of
any certificate theretofore issued by the Corporation alleged to have been lost, stolen or destroyed, upon the making of an affidavit
of that fact by the person claiming the certificate of stock to be lost, stolen or destroyed. When authorizing such issue of a
new certificate or uncertificated shares, the Board of Directors may, in its discretion and as a condition precedent to the issuance
thereof, require the owner of such lost, stolen or destroyed certificate, or such owner&rsquo;s legal representative, to advertise
the same in such manner as the Board of Directors shall require and/or to give the Corporation a bond in such sum as it may direct
as indemnity against any claim that may be made against the Corporation on account of the alleged loss, theft or destruction of
such certificate or the issuance of such new certificate or uncertificated shares.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Transfers</U>.
Stock of the Corporation shall be transferable in the manner prescribed by applicable law and in these By-Laws.&nbsp; Transfers
of stock shall be made on the books of the Corporation, and in the case of certificated shares of stock, only by the person named
in the certificate or by such person&rsquo;s attorney lawfully constituted in writing and upon the surrender of the certificate
therefor, properly endorsed for transfer and payment of all necessary transfer taxes; or, in the case of uncertificated shares
of stock, upon receipt of proper transfer instructions from the registered holder of the shares or by such person&rsquo;s attorney
lawfully constituted in writing, and upon payment of all necessary transfer taxes and compliance with appropriate procedures for
transferring shares in uncertificated form; provided, however, that such surrender and endorsement, compliance or payment of taxes
shall not be required in any case in which the officers of the Corporation shall determine to waive such requirement.&nbsp; With
respect to certificated shares of stock, every certificate exchanged, returned or surrendered to the Corporation shall be marked
&ldquo;Cancelled,&rdquo; with the date of cancellation, by the Secretary or Assistant Secretary of the Corporation or the transfer
agent thereof.&nbsp; No transfer of stock shall be valid as against the Corporation for any purpose until it shall have been entered
in the stock records of the Corporation by an entry showing from and to whom transferred.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Dividend
Record Date</U>. In order that the Corporation may determine the stockholders entitled to receive payment of any dividend or other
distribution or allotment of any rights or the stockholders entitled to exercise any rights in respect of any change, conversion
or exchange of stock, or for the purpose of any other lawful action, the Board of Directors may fix a record date, which record
date shall not precede the date upon which the resolution fixing the record date is adopted, and which record date shall be not
more than sixty (60) days prior to such action.&nbsp; If no record date is fixed, the record date for determining stockholders
for any such purpose shall be at the close of business on the day on which the Board of Directors adopts the resolution relating
thereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Record
Owners</U>. The Corporation shall be entitled to recognize the exclusive right of a person registered on its books as the owner
of shares to receive dividends, and to vote as such owner, and to hold liable for calls and assessments a person registered on
its books as the owner of shares, and shall not be bound to recognize any equitable or other claim to or interest in such share
or shares on the part of any other person, whether or not it shall have express or other notice thereof, except as otherwise required
by law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Transfer
and Registry Agents</U>. The Corporation may from time to time maintain one or more transfer offices or agencies and registry offices
or agencies at such place or places as may be determined from time to time by the Board of Directors.</P>

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


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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices</U>.
Whenever written notice is required by law, the Certificate of Incorporation or these By-Laws, to be given to any director, member
of a committee or stockholder, such notice may be given by mail, addressed to such director, member of a committee or stockholder,
at such person&rsquo;s address as it appears on the records of the Corporation, with postage thereon prepaid, and such notice shall
be deemed to be given at the time when the same shall be deposited in the United States mail.&nbsp; Without limiting the manner
by which notice otherwise may be given effectively to stockholders, any notice to stockholders given by the Corporation under applicable
law, the Certificate of Incorporation or these By-Laws shall be effective if given by a form of electronic transmission if consented
to by the stockholder to whom the notice is given.&nbsp; Any such consent shall be revocable by the stockholder by written notice
to the Corporation.&nbsp; Any such consent shall be deemed to be revoked if (i)&nbsp;the Corporation is unable to deliver by electronic
transmission two (2)&nbsp;consecutive notices by the Corporation in accordance with such consent and (ii)&nbsp;such inability becomes
known to the Secretary or Assistant Secretary of the Corporation or to the transfer agent, or other person responsible for the
giving of notice; provided, however, that the inadvertent failure to treat such inability as a revocation shall not invalidate
any meeting or other action.&nbsp; Notice given by electronic transmission, as described above, shall be deemed given: (i)&nbsp;if
by facsimile telecommunication, when directed to a number at which the stockholder has consented to receive notice; (ii)&nbsp;if
by electronic mail, when directed to an electronic mail address at which the stockholder has consented to receive notice; (iii)&nbsp;if
by a posting on an electronic network, together with separate notice to the stockholder of such specific posting, upon the later
of (A)&nbsp;such posting and (B)&nbsp;the giving of such separate notice; and (iv)&nbsp;if by any other form of electronic transmission,
when directed to the stockholder.&nbsp; Notice to directors or committee members may be given personally or by telegram, telex,
cable or by means of electronic transmission.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Waivers
of Notice</U>. Whenever any notice is required by applicable law, the Certificate of Incorporation or these By-Laws, to be given
to any director, member of a committee or stockholder, a waiver thereof in writing, signed by the person or persons entitled to
notice, or a waiver by electronic transmission by the person or persons entitled to notice, whether before or after the time stated
therein, shall be deemed equivalent thereto.&nbsp; Attendance of a person at a meeting, present in person or represented by proxy,
shall constitute a waiver of notice of such meeting, except where the person attends the meeting for the express purpose of objecting
at the beginning of the meeting to the transaction of any business because the meeting is not lawfully called or convened.&nbsp;
Neither the business to be transacted at, nor the purpose of, any Annual or Special Meeting of Stockholders or any regular or special
meeting of the directors or members of a committee of directors need be specified in any written waiver of notice unless so required
by law, the Certificate of Incorporation or these By-Laws.</P>

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


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Dividends</U>.
Dividends upon the capital stock of the Corporation, subject to the requirements of the DGCL and the provisions of the Certificate
of Incorporation, if any, may be declared by the Board of Directors at any regular or special meeting of the Board of Directors
(or any action by written consent in lieu thereof in accordance with Section&nbsp;8 of Article&nbsp;III hereof), and may be paid
in cash, in property, or in shares of the Corporation&rsquo;s capital stock.&nbsp; Before payment of any dividend, there may be
set aside out of any funds of the Corporation available for dividends such sum or sums as the Board of Directors from time to time,
in its absolute discretion, deems proper as a reserve or reserves to meet contingencies, or for purchasing any of the shares of
capital stock, warrants, rights, options, bonds, debentures, notes, scrip or other securities or evidences of indebtedness of the
Corporation, or for equalizing dividends, or for repairing or maintaining any property of the Corporation, or for any proper purpose,
and the Board of Directors may modify or abolish any such reserve.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Disbursements</U>.
All checks or demands for money and notes of the Corporation shall be signed by such officer or officers or such other person or
persons as the Board of Directors may from time to time designate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Fiscal
Year</U>. The fiscal year of the Corporation shall be fixed by resolution of the Board of Directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Corporate
Seal</U>. The corporate seal shall have inscribed thereon the name of the Corporation, the year of its organization and the words
&ldquo;Corporate Seal, Delaware&rdquo;.&nbsp; The seal may be used by causing it or a facsimile thereof to be impressed or affixed
or reproduced or otherwise.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">The Corporation shall indemnify its directors
and officers to the fullest extent authorized or permitted by applicable law, as now or hereafter in effect, and such right to
indemnification shall continue as to a person who has ceased to be a director or officer of the Corporation and shall inure to
the benefit of his or her heirs, executors and personal and legal representatives; provided, however, that, except for proceedings
to enforce rights to indemnification, the Corporation shall not be obligated to indemnify any director or officer (or his or her
heirs, executors or personal or legal representatives) in connection with a proceeding (or part thereof) initiated by such person
unless such proceeding (or part thereof) was authorized or consented to by the Board of Directors.&nbsp; The right to indemnification
conferred by this Article&nbsp;VIII shall include the right to be paid by the Corporation the expenses incurred in defending or
otherwise participating in any proceeding in advance of its final disposition upon receipt by the Corporation of an undertaking
by or on behalf of the director or officer receiving advancement to repay the amount advanced if it shall ultimately be determined
that such person is not entitled to be indemnified by the Corporation under this Article&nbsp;VIII.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">The Corporation may, to the extent authorized
from time to time by the Board of Directors, provide rights to indemnification and to the advancement of expenses to employees
and agents of the Corporation similar to those conferred in this Article&nbsp;VIII to directors and officers of the Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">The rights to indemnification and to the advancement
of expenses conferred in this Article&nbsp;VIII shall not be exclusive of any other right which any person may have or hereafter
acquire under the Certificate of Incorporation, the By-Laws of the Corporation, any statute, agreement, vote of stockholders or
disinterested directors or otherwise.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Any repeal or modification of this Article&nbsp;VIII
by the stockholders of the Corporation shall not adversely affect any rights to indemnification and to the advancement of expenses
of a director, officer, employee or agent of the Corporation existing at the time of such repeal or modification with respect to
any acts or omissions occurring prior to such repeal or modification.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendments</U>.
These By-Laws may be altered, amended or repealed, in whole or in part, or new By-Laws may be adopted by the stockholders or by
the Board of Directors; provided, however, that notice of such alteration, amendment, repeal or adoption of new By-Laws be contained
in the notice of such meeting of the stockholders or &nbsp;Board of Directors, as the case may be.&nbsp; All such amendments must
be approved by either the holders of a majority of the outstanding capital stock entitled to vote thereon or by a majority of the
entire Board of Directors then in office.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Section 2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Entire
Board of Directors</U>. As used in this Article&nbsp;IX and in these By-Laws generally, the term &ldquo;entire Board of Directors&rdquo;
means the total number of directors which the Corporation would have if there were no vacancies.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Amended and Restated as of: December 21, 2015</P>

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



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