<SEC-DOCUMENT>0001144204-16-109967.txt : 20160627
<SEC-HEADER>0001144204-16-109967.hdr.sgml : 20160627
<ACCEPTANCE-DATETIME>20160627140513
ACCESSION NUMBER:		0001144204-16-109967
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160624
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Submission of Matters to a Vote of Security Holders
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160627
DATE AS OF CHANGE:		20160627

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STAAR SURGICAL CO
		CENTRAL INDEX KEY:			0000718937
		STANDARD INDUSTRIAL CLASSIFICATION:	OPHTHALMIC GOODS [3851]
		IRS NUMBER:				953797439
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1228

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-11634
		FILM NUMBER:		161733004

	BUSINESS ADDRESS:	
		STREET 1:		1911 WALKER AVE
		CITY:			MONROVIA
		STATE:			CA
		ZIP:			91016
		BUSINESS PHONE:		6263037902

	MAIL ADDRESS:	
		STREET 1:		1911 WALKER AVE
		CITY:			MONROVIA
		STATE:			CA
		ZIP:			91016

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	STAAR SURGICAL COMPANY
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v443034_8-k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">UNITED STATES</FONT><BR>
<FONT STYLE="font-size: 12pt">SECURITIES AND EXCHANGE COMMISSION </FONT><BR>
<FONT STYLE="font-size: 10pt">WASHINGTON, D.C. 20549</FONT></P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Pursuant to Section&nbsp;13 or 15(d) of
the Securities Exchange Act of 1934</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of Earliest Event Reported):
June 24, 2016</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 24pt"><U>STAAR Surgical
Company</U></FONT><BR>
<FONT STYLE="font-size: 10pt">(Exact name of registrant as specified in its charter)</FONT></P>

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

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

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    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>Delaware </U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(State or other jurisdiction of incorporation)</P></TD>
    <TD STYLE="width: 32%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>0-11634 </U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Commission File Number)</P></TD>
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>95-3797439 </U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(I.R.S. Employer Identification No.)</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">1911 Walker Ave, Monrovia, California</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">(Address of principal executive offices)</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>91016</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Zip Code)</P></TD></TR>
</TABLE>


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

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

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

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 68%; padding-right: 0; padding-left: 0; font-size: 10pt; text-align: center">Registrant&rsquo;s telephone number, including area code:&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="width: 32%; padding-right: 0; padding-left: 0; font-size: 10pt; text-align: center">626-303-7902</TD></TR>
</TABLE>


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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Not Applicable</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-top: Black 1pt solid">Former name or former address, if changed since last report</P>

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

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

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

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

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)</TD>
</TR></TABLE>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)</TD>
</TR></TABLE>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))</TD>
</TR></TABLE>



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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><B>Item&nbsp;5.02(e). Departure of
Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><B><I>Amended and Restated STAAR Surgical
Company Omnibus Equity Incentive Plan</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white; text-indent: 0.5in">The annual meeting
of the shareholders of the Company (the &ldquo;Annual Meeting&rdquo;) was held on June 24, 2016. <FONT STYLE="color: black">At
the Annual Meeting, our shareholders approved amendments to the Amended and Restated STAAR Surgical Company Omnibus Equity Incentive
Plan, as noted in Item&nbsp;5.07 below. Their approval also served as approval for purposes of section 162(m) of the U.S. Internal
Revenue Code. The amendments to the plan increased the number of shares of our common stock that are reserved for issuance under
the plan by 1.9 million shares, among other changes.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white; text-indent: 0.5in">A description of
the material terms of the plan, including the amendments, was included in our 2016 Proxy Statement filed with the Securities and
Exchange Commission on May 2, 2016, and the Proxy Statement&rsquo;s description of the plan and its terms are incorporated here
by reference.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in"><B>Item 5.07.&#9; Submission
of Matters to a Vote of Security Holders </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As noted above, the Company&rsquo;s Annual
Meeting was held on June 24, 2016. 40,185,723 shares of common stock were outstanding on the record date for the Annual Meeting
(April&nbsp;25, 2016) and entitled to vote at the Annual Meeting. The voting was as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD>To elect five directors to serve for terms to expire in 2017 or until their successors have been elected and qualified.</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD ROWSPAN="2" STYLE="padding-right: 0; padding-left: 0"><B>&#9;</B></TD>
    <TD COLSPAN="3" STYLE="padding-right: 0; padding-left: 0; text-align: center; border-bottom: Black 1pt solid"><B>&#9;Number of Shares&#9;</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center; border-bottom: Black 1pt solid"><B>For</B></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center; border-bottom: Black 1pt solid"><B>Withheld</B></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center; border-bottom: Black 1pt solid"><B>Broker Non-Votes</B></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0; width: 25%"><B>Stephen Farrell</B></TD>
    <TD STYLE="width: 25%; padding-right: 0; padding-left: 0; text-align: center">28,561,598</TD>
    <TD STYLE="width: 25%; padding-right: 0; padding-left: 0; text-align: center">&nbsp;180,264</TD>
    <TD STYLE="width: 25%; padding-right: 0; padding-left: 0; text-align: center">6,063,633</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0"><B>Caren Mason</B></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center">28,298,060</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center">443,802</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center">6,063,633</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0"><B>John Moore</B></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center">28,259,057</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center">482,805</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center">6,063,633</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0"><B>Louis Silverman</B></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center">28,561,598</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center">180,264</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center">6,063,633</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0"><B>William Wall</B></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center">28,510,139</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center">231,723</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center">6,063,633</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD>To approve the Amended and Restated STAAR Surgical CompanyOmnibus Equity Incentive Plan.</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 90%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; text-align: center"><B>Number of Shares</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 25%; border-bottom: Black 1pt solid; text-align: center"><B>For</B></TD>
    <TD STYLE="vertical-align: bottom; width: 25%; border-bottom: Black 1pt solid; text-align: center"><B>Against</B></TD>
    <TD STYLE="vertical-align: top; width: 25%; border-bottom: Black 1pt solid; text-align: center"><B>Abstain</B></TD>
    <TD STYLE="vertical-align: top; width: 25%; border-bottom: Black 1pt solid; text-align: center"><B>Broker Non-Votes</B></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center">20,083,928</TD>
    <TD STYLE="text-align: center">8,580,220</TD>
    <TD STYLE="text-align: center">77,714</TD>
    <TD STYLE="text-align: center">6,063,633</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.</TD><TD>To ratify changes made by the Board of Directors to the Amended and Restated Bylaws</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">(&ldquo;Restated Bylaws&rdquo;).</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 90%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; text-align: center"><B>Number of Shares</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 25%; border-bottom: Black 1pt solid; text-align: center"><B>For</B></TD>
    <TD STYLE="vertical-align: bottom; width: 25%; border-bottom: Black 1pt solid; text-align: center"><B>Against</B></TD>
    <TD STYLE="vertical-align: top; width: 25%; border-bottom: Black 1pt solid; text-align: center"><B>Abstain</B></TD>
    <TD STYLE="vertical-align: top; width: 25%; border-bottom: Black 1pt solid; text-align: center"><B>Broker Non-Votes</B></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center">28,203,494</TD>
    <TD STYLE="text-align: center">483,781</TD>
    <TD STYLE="text-align: center">54,587</TD>
    <TD STYLE="text-align: center">6,063,633</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.</TD><TD>To approve an amendment to the Restated Bylaws.</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 90%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; text-align: center"><B>Number of Shares</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 25%; border-bottom: Black 1pt solid; text-align: center"><B>For</B></TD>
    <TD STYLE="vertical-align: bottom; width: 25%; border-bottom: Black 1pt solid; text-align: center"><B>Against</B></TD>
    <TD STYLE="vertical-align: top; width: 25%; border-bottom: Black 1pt solid; text-align: center"><B>Abstain</B></TD>
    <TD STYLE="vertical-align: top; width: 25%; border-bottom: Black 1pt solid; text-align: center"><B>Broker Non-Votes</B></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center">20,084,520</TD>
    <TD STYLE="text-align: center">8,578,005</TD>
    <TD STYLE="text-align: center">79,337</TD>
    <TD STYLE="text-align: center">6,063,633</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.</TD><TD>To ratify the selection of BDO USA, LLP as the Company&rsquo;s independent registered public accountants for the fiscal year
ending December&nbsp;31, 2016.</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; text-align: center"><B>Number of Shares</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 34%; border-bottom: Black 1pt solid; text-align: center"><B>For</B></TD>
    <TD STYLE="vertical-align: bottom; width: 32%; border-bottom: Black 1pt solid; text-align: center"><B>Against</B></TD>
    <TD STYLE="vertical-align: top; width: 34%; border-bottom: Black 1pt solid; text-align: center"><B>Abstain</B></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center">34,604,497</TD>
    <TD STYLE="text-align: center">157,143</TD>
    <TD STYLE="text-align: center">43,855</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.</TD><TD>A non-binding advisory vote to approve compensation of named executive officers.</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 90%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; text-align: center"><B>Number of Shares</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 25%; border-bottom: Black 1pt solid; text-align: center"><B>For</B></TD>
    <TD STYLE="vertical-align: bottom; width: 25%; border-bottom: Black 1pt solid; text-align: center"><B>Against</B></TD>
    <TD STYLE="vertical-align: top; width: 25%; border-bottom: Black 1pt solid; text-align: center"><B>Abstain</B></TD>
    <TD STYLE="vertical-align: top; width: 25%; border-bottom: Black 1pt solid; text-align: center"><B>Broker Non-Votes</B></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center">27,913,245</TD>
    <TD STYLE="text-align: center">703,119</TD>
    <TD STYLE="text-align: center">125,498</TD>
    <TD STYLE="text-align: center">6,063,633</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white; border-collapse: collapse">
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; width: 10%"><B>Exhibits:</B></TD>
    <TD STYLE="vertical-align: bottom; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 87%"><B>Description of Document</B></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-top: 3pt">5.03</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 3pt">Amended and Restated Bylaws.</TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: top; padding-top: 3pt">10.1</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 3pt">Amended and Restated STAAR Surgical Company Omnibus Equity Incentive Plan (incorporated by reference to Appendix 1 of STAAR&rsquo;s Proxy Statement filed May 2, 2016).</TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><B>&nbsp;</B></P>

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

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="vertical-align: top; font-size: 10pt">June 27, 2016</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">STAAR Surgical Company</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 51%">&nbsp;</TD>
    <TD STYLE="width: 3%; font-size: 10pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: top; width: 46%; border-bottom: Black 1pt solid; font-size: 10pt">/s/ Caren Mason</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt">Caren Mason</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt">President and Chief Executive Officer</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt">&nbsp;</TD></TR>
</TABLE>


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<DOCUMENT>
<TYPE>EX-5.03
<SEQUENCE>2
<FILENAME>v443034_ex5-3.htm
<DESCRIPTION>EXHIBIT 5.03
<TEXT>
<HTML>
<HEAD>
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<P STYLE="margin: 0">&nbsp;</P>

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

<P STYLE="margin: 0; text-align: right"><B>Exhibit 5.03</B></P>

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

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

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

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

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

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 1. Registered
Office. The registered office of the Corporation within the State of Delaware shall be as set forth in the Corporation&rsquo;s
certificate of incorporation (as the same may be amended and/or restated from time to time, the &ldquo;Certificate of Incorporation&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 2. Other Offices.
The Corporation may also have an office or offices other than said registered office at such place or places, either within or
without the State of Delaware, as the Board of Directors shall from time to time determine or the business of the Corporation may
require.</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 1. Place of
Meetings. All meetings of stockholders for the election of directors or for any other purpose shall be held at any such place,
if any, either within or without the State of Delaware, as shall be designated from time to time by the Board of Directors and
stated in the notice of meeting. The Board of Directors may, in its sole discretion, determine that a meeting shall not be held
at any place, but may instead be held solely by means of remote communication in accordance with Section 13 of this Article II
and Section 211(a) of the General Corporation Law of the State of Delaware (the &ldquo;Delaware General Corporation Law&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 2. Annual
Meeting. An annual meeting of stockholders shall be held on such date and at such time as shall be designated from time to time
by the Board of Directors and stated in the notice of meeting. At such annual meeting, the stockholders shall elect directors and
transact such other business as may properly be brought before the meeting. The Board of Directors may postpone, reschedule or
cancel any annual meeting of stockholders previously scheduled by the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 3. Special
Meetings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">(a)&#9;Special meetings
of the stockholders of the Corporation (i) may be called, for any purpose or purposes, by or at the direction of the Board of Directors,
the Chairman of the Board, if one shall have been elected, or the President and (ii) subject to and in compliance with the following
provisions of this Section 3, shall be called by the Secretary upon the written request of one or more Proposing Persons having
Net Long Beneficial Ownership of at least thirty-five percent (35%) of the outstanding common stock of the Corporation (the &ldquo;Requisite
Percentage&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">(b)&#9;In order for
a special meeting of stockholders to be validly called pursuant to Section 3(a)(ii) of this Article II (a &ldquo;Stockholder Requested
Special Meeting&rdquo;), one or more requests for a special meeting (each, a &ldquo;Special Meeting Request,&rdquo; and collectively,
the &ldquo;Special Meeting Requests&rdquo;) in a proper form must be signed by one or more Proposing Persons having, in the aggregate,
the Requisite Percentage of the outstanding common stock and must be delivered to the Secretary at the principal executive offices
of the Corporation by registered mail, return receipt requested in accordance with this Section 3(b). In determining whether a
Stockholder Requested Special Meeting has been validly called, multiple Special Meeting Requests delivered to the Secretary will
be considered together only if each Special Meeting Request identifies the same purpose or purposes of the Stockholder Requested
Special Meeting and the same matters proposed to be acted on at such meeting (in each case as determined in good faith by the Board
of Directors), and such Special Meeting Requests have been dated and delivered to the Secretary within sixty (60) days of the earliest
dated Special Meeting Request. In determining whether two or more Special Meeting Requests should be considered together (and therefore
aggregated for purposes of determining whether the Requisite Percentage has been reached), Special Meeting Requests calling for
the removal of one or more members of the Board of Directors shall be considered together if the director or directors proposed
to be so removed are identified in such Special Meeting Requests. To be in proper form, each Special Meeting Request shall (i)
set forth the name and address, as they appear on the Corporation&rsquo;s books (or in the case of beneficial holders, as they
appear on satisfactory proof provided thereof), of each Proposing Person, (ii) bear the date of signature of each Proposing Person
signing the Special Meeting Request, and (iii) include (x) a statement of the specific purpose or purposes of the meeting, the
matter or matters proposed to be acted on at the special meeting and the reasons for conducting such business at the special meeting,
(y) the text of any proposal or business to be considered at the special meeting (including the text of any resolutions proposed
to be considered and, in the event that such business includes a proposal to amend these Bylaws, the language of the proposed amendment),
and (z) such other information and representations, to the extent applicable, regarding the Proposing Person and the matters proposed
to be acted on at the special meeting that would be required to be set forth in a stockholder&rsquo;s notice delivered pursuant
to Section 12 hereof. Any Proposing Person may revoke his, her or its Special Meeting Request at any time by written revocation
delivered to the Secretary at the principal executive offices of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">(c)&#9;The Secretary
shall not be required to call a special meeting pursuant to a Special Meeting Request if (i) the Special Meeting Request relates
to an item of business that is not a proper subject for stockholder action under applicable law; (ii) the Special Meeting Request
is received by the Corporation during the period commencing sixty (60) days prior to the first anniversary of the date of the immediately
preceding annual meeting and ending immediately following the final adjournment of the next annual meeting; (iii) an identical
or substantially similar item (a &ldquo;Similar Item&rdquo;) was presented at any meeting of stockholders held within one hundred
eighty 180 days prior to receipt by the Corporation of such Special Meeting Request; (iv) a Similar Item is already included in
the Corporation&rsquo;s notice as an item of business to be brought before a meeting of the stockholders that has been called but
not yet held; or (v) such Special Meeting Request was made in a manner that involved a violation of Regulation 14A under the Exchange
Act (as hereinafter defined), or other applicable law. In addition, if a Stockholder Requested Special Meeting is validly called
in compliance with this Section 3, the Board of Directors may (in lieu of calling the Stockholder Requested Special Meeting) present
a Similar Item or Similar Items for stockholder approval at any other meeting of stockholders that is held within 120 days after
the Corporation receives Special Meeting Requests sufficient to call a Stockholder Requested Special Meeting in compliance with
this Section 3; and, in such case, the Secretary shall not be required to call the Stockholder Requested Special Meeting. For the
avoidance of doubt, one or more Special Meeting Requests calling for the removal of one or more members of the Board of Directors
shall not be considered a Similar Item unless such Request or Requests call for the removal of a member of the Board of Directors
who received a greater number of votes &ldquo;for&rdquo; such election than votes &ldquo;withheld&rdquo; from such election at
the immediately prior annual meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">(d)&#9;Any special
meeting of stockholders, including any Stockholder Requested Special Meeting, shall be held in the contiguous United States at
such date and time as may be fixed by the Board of Directors in accordance with these Bylaws and in compliance with applicable
law; provided that a Stockholder Requested Special Meeting shall be held within ninety (90) days after the Corporation receives
one or more valid Special Meeting Requests in compliance with this Section 3 from Proposing Persons having Net Long Beneficial
Ownership of the Requisite Percentage; provided, further, that the Board of Directors shall have the discretion to (x) call an
annual or special meeting of stockholders (in lieu of calling the Stockholder Requested Special Meeting) in accordance with the
last sentence of Section 3(c) of this Article II or (y) cancel any Stockholder Requested Special Meeting that has been called but
not yet held for any of the reasons set forth in Section 3(c) of this Article II.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">(e)&#9;Business transacted
at any Stockholder Requested Special Meeting shall be limited to the purpose(s) stated in the valid Special Meeting Request(s).
A Proposing Person who submitted a Special Meeting Request (or qualified representative thereof, as described in Article II, Section
12(c)(i) below) shall be required to appear (in person or electronically, including via a pre-recorded video presentation) at the
Stockholder Requested Special Meeting and present to stockholders the matters that were specified in the Special Meeting Request
and included in the notice of the meeting. If no such Proposing Person or qualified representative appears (in person or electronically,
including via a pre-recorded video presentation) at the Stockholder Requested Special Meeting to present such matters to stockholders,
the Corporation need not present such matters for a vote at such meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">(f)&#9;Definitions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 13.2pt">(1)&#9; &ldquo;Net
Long Beneficial Ownership&rdquo; shall mean those shares of common stock of the Corporation as to which the Proposing Person possesses
(a) the sole power to vote or direct the voting, (b) the sole economic incidents of ownership (including the sole right to profits
and the sole risk of loss), and (c) the sole power to dispose of or direct the disposition; provided that the number of shares
calculated in accordance with the preceding clauses (a), (b) and (c) shall not include any securities that, directly or indirectly,
underlie any &ldquo;derivative security&rdquo; (as such term is defined in Rule 16a-1(c) under the Exchange Act) that constitutes
a &ldquo;call equivalent position&rdquo; (as such term is defined in Rule 16a-1(b) under the Exchange Act) and that is, directly
or indirectly, held or maintained by a Proposing Person with respect to any shares of any class or series of stock of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27.5pt; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27.5pt; text-align: justify; text-indent: 27.5pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27.5pt; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 13.2pt">(2)&#9;&ldquo;Proposing
Person&rdquo; shall mean the holder of record of common stock submitting a Special Meeting Request and the beneficial owner of
common stock, if any, on whose behalf such Special Meeting Request is made; provided that, with respect to the informational requirements
of clause (iii) of the penultimate sentence of Section 3(b) of this Article II, if the record holder of such common stock is acting
solely as a nominee of the beneficial owner thereof and is making the Special Meeting Request solely on behalf of and at the direction
of such beneficial owner, &ldquo;Proposing Person&rdquo; shall mean only such beneficial owner.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 41.8pt; text-align: justify; text-indent: 13.2pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 4. Notice
of Meetings. Except as otherwise expressly required by statute or the Certificate of Incorporation, written notice of each annual
and special meeting of stockholders stating the date, place, if any, and time 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, shall be given to each stockholder of record entitled
to vote thereat not less than ten (10)&nbsp;or more than sixty (60)&nbsp;days before the date of the meeting. Notice shall be given
personally or by mail, and, if by mail, shall be sent in a postage prepaid envelope, addressed to the stockholder at his address
as it appears on the records of the Corporation. Notice by mail shall be deemed given at the time when the same shall be deposited
in the United States mail, postage prepaid. Without limiting the manner by which notice otherwise may effectively be given to stockholders,
any notice to the stockholders may be given by electronic transmission in the manner provided in Section 232 of the Delaware General
Corporation Law. Attendance at any meeting of stockholders (in person or by remote communication) shall constitute a waiver of
notice of such meeting, except when such person attends the meeting in person or by proxy 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. A written
waiver of notice, signed by the stockholder entitled to notice, or a waiver by electronic transmission by the stockholder entitled
to notice, whether before or after the time stated therein, shall be deemed equivalent to notice. Neither the business to be transacted
at, nor the purpose of, an annual or special meeting of stockholders need be specified in any written waiver of notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 5. List of
Stockholders. The officer who has charge of the stock ledger of the Corporation shall prepare and make, at least ten (10) days
before each meeting of stockholders, a complete list of the stockholders entitled to vote at the meeting, arranged in alphabetical
order, showing the address of and the number of shares registered in the name of each stockholder. Such list shall be open to the
examination of any stockholder, for any purpose germane to the meeting for a period of at least ten (10) days prior to the meeting:
(i) 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) during ordinary business hours, at the principal place of business of the Corporation. If
the meeting is to be held at a place, then a list of stockholders entitled to vote at the meeting 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. 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: 0pt 0; text-align: justify; text-indent: 41.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 6. Quorum,
Adjournments. The holders of a majority of the voting power of the issued and outstanding stock of the Corporation entitled to
vote thereat, present in person or represented by proxy, shall constitute a quorum for the transaction of business at all meeting
of stockholders, except as otherwise provided by statute or by the Certificate of Incorporation. If, however, such quorum shall
not be present or represented by proxy at any meeting of stockholders, the stockholders entitled to vote thereat, present in person
or represented by proxy, shall have the power to adjourn the meeting from time to time, without notice other than announcement
at the meeting, until a quorum shall be present or represented by proxy. Any meeting of stockholders may be adjourned or recessed
by the chairman of the meeting to reconvene at the same or some other place. At such adjourned meeting at which a quorum shall
be present or represented by proxy, any business may be transacted which might have been transacted at the meeting as originally
called. If the time and place, if any, of the adjourned meeting are announced at the meeting at which the adjournment is taken,
notice of the adjourned meeting need not be given; provided that, if the adjournment is for more than thirty (30) days, or, if
after the adjournment a new record date is set, a notice of the adjourned meeting shall be given to each stockholder of record
entitled to vote at the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 7. Organization.
At each meeting of stockholders, the Chairman of the Board, if one shall have been elected, or in his or her absence or if one
shall not have been elected, the President, or in his or her absence, a person designated by the Board of Directors, shall act
as chairman of the meeting and shall preside at all meetings of stockholders. The Secretary, or in his or her absence or inability
to act, the person whom the chairman of the meeting shall appoint as secretary of the meeting, shall act as secretary of the meeting
and keep the minutes thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 8. Order of
Business. The order of business at all meetings of stockholders shall be as determined by the chairman of the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 9. Voting;
Proxies. Except as otherwise provided by statute or the Certificate of Incorporation, each stockholder of the Corporation shall
be entitled at each meeting of stockholders to one (1) vote for each share of capital stock of the Corporation standing in his,
her or its name on the record of stockholders of the Corporation:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">(a)&nbsp;on
the date fixed pursuant to the provisions of Section&nbsp;6 of Article&nbsp;V of these Bylaws as the record date for the determination
of the stockholders who shall be entitled to notice of and to vote at such meeting; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">(b)&nbsp;if
no such record date shall have been so fixed, then at the close of business on the date next preceding the day on which notice
thereof shall be given.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">Each stockholder entitled
to vote at any meeting of stockholders may authorize another person or persons to act for such stockholder by proxy, but no proxy
shall be voted after three (3) years from its date, unless the proxy provides for a longer period. Any such proxy shall be authorized
by an instrument in writing or by any other manner permitted by applicable law. When a quorum is present at any meeting, the vote
of the holders of a majority of the voting power of the issued and outstanding shares of stock of the Corporation entitled to vote
thereon, present in person or represented by proxy, shall decide any question brought before such meeting, unless the question
is one upon which by express provision of statute, of the rules or regulations of any stock exchange applicable to the Corporation,
of any regulation applicable to the Corporation or its securities, of the Certificate of Incorporation or of these By-Laws, a different
vote is required, in which case such express provision shall govern and control the decision of such question. Unless required
by statute, or determined by the chairman of the meeting to be advisable, the vote on any question (including the election of directors)
need not be by ballot. On a vote by ballot, each ballot shall be signed by the stockholder voting, or by his proxy, if there be
such proxy, and shall state the number of shares voted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 10. Inspectors.
The Board of Directors may (and, if required by law, shall), in advance of any meeting of stockholders, appoint one (1) or more
persons to act as inspector of elections at such meeting or any adjournment thereof. If any of the inspectors so appointed shall
fail to appear, the chairman of the meeting shall, or if inspectors shall not have been appointed, the chairman of the meeting
may, appoint one (1) or more inspectors. Each inspector, before entering upon the discharge of his duties, shall take and sign
an oath faithfully to execute the duties of inspector at such meeting with strict impartiality and according to the best of his
ability. The inspectors shall determine the number of shares of capital stock of the Corporation outstanding and the voting power
of each, the number of shares represented at the meeting, the existence of a quorum, the validity and effect of proxies, and shall
receive votes, ballots or consents, hear and determine all challenges and questions arising in connection with the right to vote,
count and tabulate all votes, ballots or consents, determine the results, and do such acts as are proper to conduct the election
or vote with fairness to all stockholders. On request of the chairman of the meeting, the inspectors shall make a report in writing
of any challenge, request or matter determined by them and shall execute a certificate of any fact found by them. No director or
candidate for the office of director shall act as an inspector of an election of directors. Inspectors need not be stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 11. No Action
by Consent. No action permitted or required to be taken by stockholders pursuant to the Delaware General Corporation Law may be
taken by consent or consents in writing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 12. Notice
of Stockholder Business and Nominations. For each annual meeting of stockholders, nominations of persons for election to the Board
of Directors and the proposal of other business to be considered by the stockholders shall be subject to, and may only be made
in compliance with, the provisions of paragraph (A) of this Section 12.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 25.3pt; text-align: justify; text-indent: 53.9pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 25.3pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">(a)&#9;Annual Meetings
of Stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.1pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">(i)&#9;Nominations
of persons for election to the Board of Directors and the proposal of other business to be considered by the stockholders may be
made at an annual meeting of stockholders only (1) pursuant to the Corporation&rsquo;s notice of meeting (or any supplement thereto)
delivered pursuant to Section 4 of Article II of these Bylaws, (2) by or at the direction of the Board of Directors or any authorized
committee thereof or (3) by any stockholder of the Corporation who is entitled to vote at the meeting, who complied with the notice
procedures set forth in paragraphs (a)(ii) and (a)(iii) of this Section 12 and who was a stockholder of record at the time such
notice is delivered to the Secretary of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.1pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">(ii)&#9;For nominations
or other business to be properly brought before an annual meeting by a stockholder pursuant to clause (3) of paragraph (a)(i) of
this Section 12, the stockholder must have given timely notice thereof in writing to the Secretary of the Corporation, and, in
the case of business other than nominations of persons for election to the Board of Directors, such other business must constitute
a proper matter for stockholder action. To be timely, a stockholder&rsquo;s notice shall be delivered to the Secretary of the Corporation
at the principal executive offices of the Corporation not less than ninety (90) days nor more than one hundred and twenty (120)
days prior to the first anniversary of the preceding year&rsquo;s annual meeting; provided, however, that in the event that the
date of the annual meeting is advanced by more than thirty (30) days, or delayed by more than seventy (70) days, from the anniversary
date of the previous year&rsquo;s meeting, or if no annual meeting was held in the preceding year, notice by the stockholder to
be timely must be so delivered not earlier than one hundred twenty (120) days prior to such annual meeting and not later than the
close of business on the later of the ninetieth (90th) day prior to such annual meeting or the tenth (10th) day following the day
on which public announcement of the date of such meeting is first made. Public announcement of an adjournment or postponement of
an annual meeting shall not commence a new time period (or extend any time period) for the giving of a stockholder&rsquo;s notice.
Notwithstanding anything in this Section 12(a)(ii) to the contrary, if the number of directors to be elected to the Board of Directors
of the Corporation at an annual meeting is increased and there is no public announcement by the Corporation naming all of the nominees
for director or specifying the size of the increased board of directors at least one hundred (100) calendar days prior to the first
anniversary of the prior year&rsquo;s annual meeting of stockholders, then a stockholder&rsquo;s notice required by this Section
12 shall be considered timely, but only with respect to nominees for any new positions created by such increase, if it is received
by the Secretary of the Corporation not later than the close of business on the tenth (10th) calendar day following the day on
which such public announcement is first made by the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.1pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">(iii)&#9;Such stockholder&rsquo;s
notice shall set forth (1) as to each person whom the stockholder proposes to nominate for election or re-election as a director,
all information relating to such person that is required to be disclosed in solicitations of proxies for election of directors
in an election contest, or is otherwise required, in each case pursuant to Section 14(a) of the Securities Exchange Act of 1934,
as amended, and the rules and regulations promulgated thereunder (the &ldquo;<U> Exchange Act</U> &rdquo;), including such person&rsquo;s
written consent to being named in the proxy statement as a nominee and to serving as a director if elected; (2) as to any other
business that the stockholder proposes to bring before the meeting, a brief description of the business desired to be brought before
the meeting, the text of the proposal or business (including the text of any resolutions proposed for consideration and, in the
event that such business includes a proposal to amend these Bylaws of the Corporation, the language of the proposed amendment),
the reasons for conducting such business at the meeting and any material interest in such business of such stockholder and the
beneficial owner, if any, on whose behalf the proposal is made; (3) as to the stockholder giving the notice and the beneficial
owner, if any, on whose behalf the nomination or proposal is made (A) the name and address of such stockholder, as they appear
on the Corporation&rsquo;s books and records, and of such beneficial owner, (B) the class or series and number of shares of capital
stock of the Corporation which are owned, directly or indirectly, beneficially and of record by such stockholder and such beneficial
owner, (C) a representation that the stockholder is a holder of record of the stock of the Corporation at the time of the giving
of the notice, will be entitled to vote at such meeting and will appear in person or by proxy at the meeting to propose such business
or nomination, (D) a representation whether the stockholder or the beneficial owner, if any, will be or is part of a group which
will (i) deliver a proxy statement and/or form of proxy to holders of at least the percentage of the voting power of the Corporation&rsquo;s
outstanding capital stock required to approve or adopt the proposal or elect the nominee and/or (ii) otherwise to solicit proxies
or votes from stockholders in support of such proposal or nomination, (E) a certification regarding whether such stockholder and
beneficial owner, if any, have complied with all applicable federal, state and other legal requirements in connection with the
stockholder&rsquo;s and/or beneficial owner&rsquo;s acquisition of shares of capital stock or other securities of the Corporation
and/or the stockholder&rsquo;s and/or beneficial owner&rsquo;s acts or omissions as a stockholder of the Corporation and (F) any
other information relating to such stockholder and beneficial owner, if any, required to be disclosed in a proxy statement or other
filings required to be made in connection with solicitations of proxies for, as applicable, the proposal and/or for the election
of directors in an election contest pursuant to and in accordance with Section 14(a) of the Exchange Act; (4) a description of
any agreement, arrangement or understanding with respect to the nomination or proposal and/or the voting of shares of any class
or series of stock of the Corporation between or among the stockholder giving the notice, the beneficial owner, if any, on whose
behalf the nomination or proposal is made, any of their respective affiliates or associates and/or any others acting in concert
with any of the foregoing (collectively, &ldquo;<U> proponent persons</U> &rdquo;); and (5) a description of any agreement, arrangement
or understanding (including without limitation any contract to purchase or sell, acquisition or grant of any option, right or warrant
to purchase or sell, swap or other instrument) to which any proponent person is a party, the intent or effect of which may be (A)
to transfer to or from any proponent person, in whole or in part, any of the economic consequences of ownership of any security
of the Corporation, (B) to increase or decrease the voting power of any proponent person with respect to shares of any class or
series of stock of the Corporation and/or (C) to provide any proponent person, directly or indirectly, with the opportunity to
profit or share in any profit derived from, or to otherwise benefit economically from, any increase or decrease in the value of
any security of the Corporation. A stockholder providing notice of a proposed nomination for election to the Board of Directors
or other business proposed to be brought before a meeting (whether given pursuant to this paragraph (a)(iii) or paragraph (b) of
this Section 12 of these Bylaws) shall update and supplement such notice from time to time to the extent necessary so that the
information provided or required to be provided in such notice shall be true and correct (1) as of the record date for determining
the stockholders entitled to notice of the meeting and (2) as of the date that is fifteen (15) days prior to the meeting or any
adjournment or postponement thereof, provided that if the record date for determining the stockholders entitled to vote at the
meeting is less than fifteen (15) days prior to the meeting or any adjournment or postponement thereof, the information shall be
supplemented and updated as of such later date. Any such update and supplement shall be delivered in writing to the Secretary of
the Corporation at the principal executive offices of the Corporation not later than five (5) days after the record date for determining
the stockholders entitled to notice of the meeting (in the case of any update and supplement required to be made as of the record
date for determining the stockholders entitled to notice of the meeting), not later than ten (10) days prior to the date for the
meeting or any adjournment or postponement thereof (in the case of any update or supplement required to be made as of fifteen (15)
days prior to the meeting or adjournment or postponement thereof) and not later than five (5) days after the record date for determining
the stockholders entitled to vote at the meeting, but no later than the date prior to the meeting or any adjournment or postponement
thereof (in the case of any update and supplement required to be made as of a date less than fifteen (15) days prior the date of
the meeting or any adjournment or postponement thereof). The Corporation may require any proposed nominee to furnish such other
information as it may reasonably require to determine the eligibility of such proposed nominee to serve as a director of the Corporation
and to determine the independence of such director under the Exchange Act and applicable stock exchange rules.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.1pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.1pt; text-align: justify; text-indent: 53.9pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.1pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27.5pt; text-align: justify; text-indent: 53.9pt">(b)&#9;Special
Meetings of Stockholders. Only such business shall be conducted at a special meeting of stockholders as shall have been brought
before the meeting pursuant to the Corporation&rsquo;s notice of meeting. The proposal by stockholders of any business to be conducted
at a special meeting of stockholders may be made only pursuant to and in compliance with Section 3 of Article II of these Bylaws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27.5pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27.5pt; text-align: justify; text-indent: 53.9pt">(c)&#9;General.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.1pt; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">(i) Only such persons
who are nominated in accordance with the procedures set forth in this Section 12 shall be eligible to serve as directors and only
such business shall be conducted at an annual or special meeting of stockholders as shall have been brought before the meeting
in accordance with the procedures set forth in this Section 12. Except as otherwise provided by law, the Certificate of Incorporation
or these Bylaws, the chairman of the meeting shall, in addition to making any other determination that may be appropriate for the
conduct of the meeting, have the power and duty to determine whether a nomination or any business proposed to be brought before
the meeting was made or proposed, as the case may be, in accordance with the procedures set forth in these Bylaws and, if any proposed
nomination or business is not in compliance with these Bylaws, to declare that such defective proposal or nomination shall be disregarded.
The date and time of the opening and the closing of the polls for each matter upon which the stockholders will vote at a meeting
shall be announced at the meeting by the chairman of the meeting. The Board of Directors may adopt by resolution such rules and
regulations for the conduct of the meeting of stockholders as it shall deem appropriate. Except to the extent inconsistent with
such rules and regulations as adopted by the Board of Directors, the chairman of the meeting shall have the right and authority
to convene and (for any or no reason) to recess and/or adjourn the meeting, 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. Notwithstanding
the foregoing provisions of this Section 12, unless otherwise required by law, if the stockholder (or a qualified representative
of the stockholder) does not appear at the annual or special meeting of stockholders of the Corporation to present a nomination
or business, such nomination shall be disregarded and such proposed business shall not be transacted, notwithstanding that proxies
in respect of such vote may have been received by the Corporation. For purposes of these Bylaws, to be considered a qualified representative
of the stockholder, a person must be a duly authorized officer, manager or partner of such stockholder or must be authorized by
a writing executed by such stockholder or an electronic transmission delivered by such stockholder to act for such stockholder
as proxy at the meeting of stockholders and such person must produce such writing or electronic transmission, or a reliable reproduction
of the writing or electronic transmission, at the meeting of stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.1pt; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.1pt; text-align: justify; text-indent: 27.5pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.1pt; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">(ii)&#9;Whenever used
in these Bylaws, &ldquo;public announcement&rdquo; shall mean disclosure (1) in a press release released by the Corporation, provided
such press release is released by the Corporation following its customary procedures, is reported by the Dow Jones News Service,
Associated Press or comparable national news service, or is generally available on internet news sites, or (2) in a document publicly
filed by the Corporation with the Securities and Exchange Commission pursuant to the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.1pt; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">(iii)&#9;Notwithstanding
the foregoing provisions of this Section 12, a stockholder shall also comply with all applicable requirements of the Exchange
Act with respect to the matters set forth in this Section 12; provided, however, that, to the fullest extent permitted by law,
any references in these Bylaws to the Exchange Act are not intended to and shall not limit any requirements applicable to nominations
or proposals as to any other business to be considered pursuant to these Bylaws (including paragraphs (a)(i)(3) and (b) hereof),
and compliance with paragraphs (a)(i)(3) and (b) of this Section 12 of these Bylaws shall be the exclusive means for a stockholder
to make nominations or submit other business. Nothing in these Bylaws shall be deemed to affect any special rights of the holders
of any class or series of stock having a preference over the Common Stock as to dividends or upon liquidation to elect additional
directors upon the occurrence of a specified event or events.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.1pt; text-align: justify; text-indent: 27.5pt">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 13. Remote
Communication. If authorized by the Board of Directors in its sole discretion, and subject to such guidelines and procedures as
the Board of Directors may adopt, stockholders and proxyholders not physically present at a meeting of stockholders may, by means
of remote communication:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 25.3pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 25.3pt; text-align: justify; text-indent: 53.9pt">(a) participate
in a meeting of stockholders; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 25.3pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 25.3pt; text-align: justify; text-indent: 53.9pt">(b) be
deemed present in person and vote at a meeting of stockholders whether such meeting is to be held at a designated place or solely
by means of remote communication; provided that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.1pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.1pt; text-align: justify; text-indent: 53.9pt">(i) the
Corporation shall implement reasonable measures to verify that each person deemed present and permitted to vote at the meeting
by means of remote communication is a stockholder or proxyholder;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.1pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.1pt; text-align: justify; text-indent: 53.9pt">(ii) the
Corporation shall implement reasonable measures to provide such stockholders and proxyholders a reasonable opportunity to participate
in the meeting and to vote on matters submitted to the stockholders, including an opportunity to read or hear the proceedings of
the meeting substantially concurrently with such proceedings; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.1pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.1pt; text-align: justify; text-indent: 53.9pt">(iii) if
any stockholder or proxyholder votes or takes other action at the meeting by means of remote communication, a record of such vote
or other action shall be maintained by the Corporation.</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 1. General
Powers. Except as otherwise provided by the Delaware General Corporation Law or the Certificate of Incorporation, the business
and affairs of the Corporation shall be managed by or under the direction of the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 2. Number,
Qualifications, Election and Term of Office.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">(a)&nbsp;The
number of directors that shall constitute the entire Board of Directors of this Corporation shall consist of a number within the
limits set forth in Article&nbsp;TWELFTH of the Corporation&rsquo;s Certificate of Incorporation (not less than three (3)&nbsp;nor
more than nine (9) persons). The exact number of directors shall be fixed, within the forgoing limitations, by the vote of a majority
of the entire Board of Directors. Directors need not be stockholders. Except as otherwise provided by statute or this Corporation&rsquo;s
Certificate of Incorporation or these Bylaws, the directors shall be elected at the annual meeting of stockholders. Each director
shall hold office until his successor shall have been elected and qualified, or until his death, or until he shall have resigned,
or have been removed, as hereinafter provided in these Bylaws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">(b) Beginning
at the Annual Meeting of stockholders in 2006, directors shall be elected by a plurality of votes of the shares that are represented
in person or by proxy at the Annual Meeting of stockholders in each year and that are entitled to vote on the election of directors.
Elected directors shall hold office until the next annual meeting and until their successors shall be duly elected and qualified,
provided that directors in office prior to the 2006 Annual meeting shall continue in office until the expiration of the terms to
which they were originally elected. Directors need not be stockholders. If, for any cause, the Board of Directors shall not have
been elected at an annual meeting, they may be elected as soon thereafter as convenient at a special meeting of the stockholders
called for that purpose in the manner provided in these Bylaws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">(c)&nbsp;Any
decrease in the number of directors constituting the Board of Directors shall be effective at the time of the next succeeding annual
meeting of the stockholders unless there shall be vacancies in the board of Directors, in which case such decrease may become effective
at any time prior to the next succeeding annual meeting to the extent of the number of such vacancies. No decrease in the number
of directors constituting the Board of Directors shall shorten the term of any incumbent director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 3. Place of
Meeting. Meetings of the Board of Directors shall be held at such place or places, within or without the State of Delaware, as
the Board of Directors may from time to time determine or as shall be specified in the notice of any such meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 4. [RESERVED].</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 5. [RESERVED].</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 6. Annual
Meeting. The Board of Directors shall meet for the purpose of organization, the election of officers and the transaction of other
business as soon as practicable after each annual meeting of stockholders. Notice of the annual meeting of the Board of Directors
need not be given except as otherwise required by statute or these Bylaws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 7. Regular
Meetings. Regular meetings of the Board of Directors shall be held at such time and place as the Board of Directors may from time
to time determine. If any day fixed for a regular meeting shall be a legal holiday at the place where the meeting is to be held,
then the meeting which would otherwise be held on that day shall be held at the same hour on the next succeeding business day.
Notice of regular meetings of the Board of Directors need not be given except as otherwise required by statute or these Bylaws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 8. Special
Meetings. Special meetings of the Board of Directors may be called by the Chairman of the Board, if one shall have been elected,
or by two or more directors of the Corporation or by the President.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 9. Notice
of Meetings. Notice of each special meeting of the Board of Directors (and of each regular meeting for which notice shall be required)
shall be given by the Secretary as hereinafter provided in this Section&nbsp;9, in which notice shall be stated the date, time
and place of the meeting. Except as otherwise required by these Bylaws, such notice need not state the purpose of such meeting
and, unless otherwise indicated in the notice thereof, any and all business may be transacted at a special meeting. Notice of each
such meeting shall be mailed, postage prepaid, to each director, addressed to him at his residence or usual place of business,
by first-class mail, at least two (2) days before the day on which such meeting is to be held, or shall be sent by telegraph, cable,
telex, telecopier or electronic transmission, at least twenty-four (24) hours before the time at which such meeting is to be held.
Attendance at a meeting of the Board of Directors shall constitute a waiver of notice of such meeting, except when a director shall
attend 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. A written waiver of notice, signed by the director entitled to notice, or a waiver by electronic
transmission by the director entitled to notice, whether before or after the time stated therein, shall be deemed equivalent to
notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 10. Quorum
and Manner of Acting. A majority of the entire Board of Directors shall constitute a quorum for the transaction of business at
any meeting of the Board of Directors, and, except as otherwise expressly required by statute or the Certificate of Incorporation
or these Bylaws, the act of a majority of the directors present thereat shall constitute the act of the Board of Directors. If
a quorum shall not be present at any meeting of the Board of Directors, a majority of the directors present thereat may adjourn
such meeting from time to time to another time and place. Notice of the time and place of any such adjourned meeting shall be given
to the directors unless such time and place were announced at the meeting at which the adjournment was taken, in which case such
notice shall only be given to the directors who were not present thereat. At any adjourned meeting at which a quorum is present,
any business may be transacted which might have been transacted at the meeting as originally called. The directors, as such, shall
act only as a Board or a duly constituted committee thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 11. Organization.
At each meeting of the Board of Directors, the Chairman of the Board, if one shall have been elected, or, in the absence of the
Chairman of the Board or if one shall not have been elected, the President (or, in his or her absence, another director chosen
by a majority of the directors present) shall act as chairman of the meeting and preside thereat. The Secretary, or, in his or
her absence, any person appointed by the Chairman shall act as secretary of the meeting and keep the minutes thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 12. Resignations.
Any director of the Corporation may resign at any time by giving notice of his or her resignation in writing or by electronic transmission
to the Corporation. A resignation shall be effective when the resignation is delivered unless the resignation specifies a later
effective date or an effective date determined upon the happening of an event or events. Unless otherwise specified therein, the
acceptance of such resignation shall not be necessary to make it effective.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">Except in the case
of a contested election, any director nominee who receives a greater number of votes &ldquo;withheld&rdquo; from his or her election
than votes &ldquo;for&rdquo; such election shall promptly tender his or her resignation to the Board of Directors following certification
of the election results. (For purposes of this Section 12, an election is a &ldquo;contested election&rdquo; if, as of the tenth
(10<FONT STYLE="font-size: 10pt"><SUP> th</SUP></FONT>) day preceding the date the Corporation first mails its notice of meeting
for such meeting to the stockholders of the Corporation, the number of nominees for election as directors at such meeting exceeds
the number of directors to be elected at such meeting.) Within 60 days following the certification of the election results, the
Board of Directors (excluding the director in question) will decide, through a process managed by the Nominating and Governance
Committee of the Board of Directors, whether to accept the resignation. Absent a compelling reason for the director to remain on
the Board of Directors, the Board of Directors shall accept the resignation. The Board of Directors will promptly disclose its
decision to accept or reject the tendered resignation, which disclosure shall include, if the tendered resignation is rejected,
a summary of the reasons underlying the decision of the Board of Directors to reject the tendered resignation. For purposes of
this Section 12, a &ldquo;compelling reason&rdquo; could include, without limitation, a situation in which a director nominee was
the target of a &ldquo;vote no&rdquo; campaign on an illegitimate basis, such as racial discrimination, or the resignation would
cause the Corporation to be in violation of its organizational documents or regulatory requirements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 13. Vacancies.
Newly created directorships resulting from any increase in the number of directors, and any vacancies on the Board of Directors
resulting from death, resignation, disqualification, removal or other cause shall be filled exclusively by the affirmative vote
of a majority of the remaining members of the Board of Directors (and not by stockholders), although less than a quorum, or by
a sole remaining director. Each director so elected shall hold office until his successor shall have been elected and qualified,
or until his death, or until he shall have resigned, or have been removed, as provided in this Corporation&rsquo;s Certificate
of Incorporation or as herein provided in these Bylaws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 14. Removal
of Directors. Except as otherwise provided by statute, any director may be removed only for cause.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 15. [RESERVED].</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 16. Committees.
The Board of Directors may, by resolution passed by a majority of the entire Board of Directors, designate one (1) or more committees,
including any executive committee, each committee to consist of one (1) or more of the directors of the Corporation. The Board
of Directors may designate one (1) or more directors as alternate members of any committee, who may replace any absent member at
any meeting of the committee. Except to the extent restricted by statute or the Certificate of Incorporation, each such committee,
to the extent provided in the resolution creating it, shall have and may exercise the full power and authority of the Board of
Directors. Each such committee shall serve at the pleasure of the Board of Directors and have such name as may be determined from
time to time by resolution adopted by the Board of Directors. Each committee shall keep regular minutes of its meetings and report
the same to the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 17. Action
by Consent. Unless restricted by the Certificate of Incorporation or these Bylaws, any action required or permitted to be taken
at any meeting of the Board of Directors or any committee thereof may be taken without a meeting if all 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 the proceedings of the Board of Directors or such committee.
Such filing shall be in paper form if the minutes are maintained in paper form and shall be in electronic form if the minutes are
maintained in electronic form.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 18. Telephonic
Meeting. Unless restricted by the Certificate of Incorporation or these Bylaws, members of the Board of Directors, 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 18 shall constitute presence in person at the meeting.</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 1. Number
and Qualifications. The officers of the Corporation shall be elected by the Board of Directors and shall include the President,
one (1) or more Vice-Presidents, the Secretary, the Treasurer, the Chairman of the Board of Directors, and the Vice-Chairman of
the Board of Directors. If the Board of Directors wishes it may also elect other officers (including one (1) or more Assistant
Treasurers and one (1) or more Assistant Secretaries), as may be necessary or desirable for the business of the Corporation. Each
officer shall hold office until the first meeting of the Board of Directors following the next annual meeting of stockholders,
and until his or her successor shall have been elected and shall have qualified, or until his or her death, or until he or she
shall have resigned or have been removed, as hereinafter provided in these Bylaws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 2. Resignations.
Any officer of the Corporation may resign at any time by giving written notice of his or her resignation to the Board of Directors
or the Chairman of the Board or the President or the Secretary. Any such resignation shall take effect at the time specified therein
or, if the time when it shall become effective shall not be specified therein, immediately upon its receipt. Unless otherwise specified
therein, the acceptance of any such resignation shall not be necessary to make it effective.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 3. Removal.
Any officer of the Corporation may be removed, either with or without cause, at any time, by the Board of Directors at any meeting
thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 4. Chairman
of the Board. The Chairman of the Board, if one shall have been elected, shall be a member of the Board, an officer of the Corporation
and, if present, shall preside at each meeting of the Board of Directors or the stockholders. He or she shall advise and counsel
with the President and shall perform such other duties as may from time to time be assigned to him or her by the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 5. The President.
The President shall be the Chief Executive Officer of the Corporation. He or she shall, in the absence of the Chairman of the Board
or if a Chairman of the Board shall not have been elected, preside at each meeting of the Board of Directors or the stockholders.
He or she shall perform all duties incident to the office of President and Chief Executive Officer and such other duties as may
from time to time be assigned to him or her by the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 6. Vice-Presidents.
Each Vice President shall perform all such duties as from time to time may be assigned to him or her by the Board of Directors
or the President. At the request of the President or in his or her absence or in the event of his or her inability or refusal to
act, the Vice-President, or if there shall be more than one (1), the Vice-Presidents in the order determined by the Board of Directors
(or if there be no such determination, then the Vice Presidents in the order of their election), shall perform the duties of the
President, and, when so acting, shall have the powers of and be subject to the restrictions placed upon the President in respect
of the performance of such duties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 7. Treasurer.
The Treasurer shall:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">(a)&nbsp;have
charge and custody of, and be responsible for, all the funds and securities of the Corporation;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">(b)&nbsp;keep
full and accurate accounts of receipts and disbursements in books belonging to the Corporation;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">(c)&nbsp;deposit
all moneys and other valuables to the credit of the Corporation in such depositories as may be designated by the Board of Directors
or pursuant to its direction;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">(d)&nbsp;receive,
and give receipts for, moneys due and payable to the Corporation from any source whatsoever;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">(e)&nbsp;disburse
the funds of the Corporation and supervise the investments of its funds, taking proper vouchers therefor;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">(f)&nbsp;render
to the Board of Directors, whenever the Board of Directors may require, an account of the financial condition of the Corporation;
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">(g)&nbsp;in
general, perform all duties incident to the office of Treasurer and such other duties as from time to time may be assigned to him
or her by the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 8. Secretary.
Secretary shall</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">(a)&nbsp;keep
or cause to be kept in one (1) or more books provided for the purpose, the minutes of all meetings of the Board of Directors, the
committees of the Board of Directors and the stockholders;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">(b)&nbsp;see
that all notices are duly given in accordance with the provisions of these Bylaws and as required by law;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">(c)&nbsp;be
custodian of the records and the seal of the Corporation and affix and attest the seal to all certificates for shares of the Corporation
(unless the seal of the Corporation on such certificates shall be a facsimile, as hereinafter provided) and affix and attest the
seal to all other documents to be executed on behalf of the Corporation under its seal;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">(d)&nbsp;see
that the books, reports, statements, certificates and other documents and records required by law to be kept and filed are properly
kept and filed; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.4pt; text-align: justify; text-indent: 53.9pt">(e)&nbsp;in
general, perform all duties incident to the office of Secretary and such other duties as from time to time may be assigned to him
or her by the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 9. The Assistant
Treasurer. The Assistant Treasurer, or if there shall be more than one (1), the Assistant Treasurers in the order determined by
the Board of Directors (or if there be no such determination, then in the order of their election), shall, in the absence of the
Treasurer or in the event of his or her inability or refusal to act, perform the duties and exercise the powers of the Treasurer
and shall perform such other duties as from time to time may be assigned by the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 10. The Assistant
Secretary. The Assistant Secretary, or if there shall be more than one (1), the Assistant Secretaries in the order determined by
the Board of Directors (or if there be no such determination, then in the order of their election), shall, in the absence of the
Secretary or in the event of his or her inability or refusal to act, perform the duties and exercise the powers of the Secretary
and shall perform such other duties as from time to time may be assigned by the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 11. Officers&rsquo;
Bonds or Other Security. If required by the Board of Directors, any officer of the Corporation shall give a bond or other security
for the faithful performance of his or her duties, in such amount and with such surety or sureties as the Board of Directors may
require.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 12. Compensation.
The compensation of the officers of the Corporation for their services as such officers shall be fixed from time to time by the
Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt"></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 1. Share Certificates.
The shares of stock of the Corporation shall be represented by certificates, provided that the Board of Directors may provide by
resolution or resolutions that some or all of any or all classes or series of the Corporation&rsquo;s stock shall be uncertificated
shares. Any such resolution shall not apply to shares represented by a certificate until such certificate is surrendered to the
Corporation. Every holder of stock represented by a certificate shall be entitled to have a certificate signed by, or in the name
of the Corporation by the Chairman of the Board or the President or a Vice-President and by the Secretary, an Assistant Secretary,
the Treasurer or an Assistant Treasurer representing the number of shares registered in certificated form. Any or all of the signatures
on the certificate may be facsimile. In case any officer, transfer agent or registrar who has signed or whose facsimile signature
has been placed upon a certificate shall have ceased to be such officer, transfer agent or registrar before such certificate is
issued, it may be issued by the Corporation with the same effect as if such person were such officer, transfer agent or registrar
at the date of issue. When the Corporation is authorized to issue shares of more than one (1) class of stock there shall be set
forth upon the face or back of the certificate, or the certificate shall have a statement that the Corporation will furnish to
any shareholder, upon request and without charge, a full statement of the powers, designations, preferences, and relative, participating,
optional or other special rights of each class of stock or series thereof, and the qualifications, limitations or restrictions
of such preferences and/or rights and/or limitations of each such series so far as the same have been fixed and the authority of
the Board of Directors to designate and fix the relative rights, preferences and limitations of other series. In the case of uncertificated
shares, such statement shall be included in a notice provided in accordance with applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 2. Books of
Account and Record of Stockholders. There shall be kept correct and complete books and records of account of all the business and
transactions of the Corporation. There shall also be kept, at the principal office of the Corporation, or such other office as
determined by the Corporation, a record containing the names and addresses of all stockholders of the Corporation, the number of
shares (and class or series thereof) held by each, and the dates when they became the holders of record thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 3. Transfers
of Shares. Transfers of shares of the Corporation shall be made on the records of the Corporation only upon authorization by the
registered holder thereof, or by his attorney thereunto authorized by power of attorney duly executed and filed with the Secretary
or with a transfer agent, and on surrender of the certificate or certificates for such shares properly endorsed or accompanied
by a duly executed stock transfer power and the payment of all taxes thereon (or, in the case of uncertificated shares, upon surrender
thereof in accordance with applicable law and procedures governing the transfer thereof). The person in whose name shares shall
stand on the record of stockholders of the Corporation shall be deemed the owner thereof for all purposes as regards the Corporation.
Whenever any transfer of shares shall be made for collateral security and not absolutely and written notice thereof shall be given
to the Secretary or to a transfer agent, such fact shall be noted on the records of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 4. Transfer
Agents and Registrars. The Board of Directors may appoint, or authorize any officer or officers to appoint, one (1) or more transfer
agents and one (1) or more registrars and may require all certificates for shares of stock to bear the signature of any of them.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 5. Regulations.
The Board of Directors may make such additional rules and regulations, not inconsistent with these Bylaws, as it may deem expedient
concerning the issue, transfer and registration or certificates for shares of the Corporation or for uncertificated shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 6. Fixing
of Record Date. In order that the Corporation may determine the stockholders entitled to notice of any meeting of stockholders
or any adjournment thereof, the Board of Directors may fix, in advance, 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 more
than sixty (60)&nbsp;nor less than ten (10)&nbsp;days before the date then fixed for the holding of any meeting of stockholders,
as the time as of which the stockholders entitled to notice of and to vote at such meeting, shall be determined, and all persons
who were stockholders of record of voting shares at such time, and no others, shall be entitled to notice of and to vote at such
meeting. 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, in advance, 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 not more
than sixty (60) days prior to such action, as the record date for the determination of the stockholders entitled to receive any
such dividend, distribution, allotment, rights or interests, and in such case only the stockholders of record at the time so fixed
shall be entitled to receive such dividend, distribution, allotment, rights or interests.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 7. Lost, Stolen
or Destroyed Certificates. The Corporation may issue a new certificate of stock or uncertificated shares in the place of any certificate
theretofore issued by it which the owner thereof shall allege to have been lost, stolen or destroyed. When authorizing such issue
of a new certificate or uncertificated shares, the Board of Directors may, in its discretion, require such owner or such owner&rsquo;s
legal representatives to give to the Corporation a bond sufficient (and in such sum, limited or unlimited, and in such form and
with such surety or sureties as the Board of Directors in its absolute discretion shall determine), to indemnify the Corporation
against any claim that may be made against it on account of the alleged loss, theft or destruction of any such certificate, or
the issuance of such new certificate or uncertificated shares.</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 1. Right to
Indemnification. The Corporation shall indemnify and hold harmless, to the fullest extent permitted by applicable law as it presently
exists or may hereafter be amended, any person (a &ldquo;Covered Person&rdquo;) who was or is made or is threatened to be made
a party or is otherwise involved in any action, suit or proceeding, whether civil, criminal, administrative or investigative (a
&ldquo;proceeding&rdquo;), by reason of the fact that he or she, or a person for whom he or she is the legal representative, is
or was a director or officer of the Corporation or, while a director or officer of the Corporation, is or was serving at the request
of the Corporation as a director, officer, employee or agent of another corporation or of a partnership, joint venture, trust,
enterprise or nonprofit entity, including service with respect to employee benefit plans, against all liability and loss suffered
and expenses (including attorneys&rsquo; fees) reasonably incurred by such Covered Person. Notwithstanding the preceding sentence,
except as otherwise provided in Section 3 of this Article VI, the Corporation shall be required to indemnify a Covered Person in
connection with a proceeding (or part thereof) commenced by such Covered Person only if the commencement of such proceeding (or
part thereof) by the Covered Person was authorized in the specific case by the Board of Directors of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 2. Advancement
of Expenses. The Corporation shall to the fullest extent not prohibited by applicable law pay the expenses (including attorneys&rsquo;
fees) incurred by a Covered Person in defending any proceeding in advance of its final disposition, provided, however, that, to
the extent required by law, such payment of expenses in advance of the final disposition of the proceeding shall be made only upon
receipt of an undertaking by the Covered Person to repay all amounts advanced if it should be ultimately determined that the Covered
Person is not entitled to be indemnified under this Article VI or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 3. Claims.
If a claim for indemnification (following the final disposition of such proceeding) or advancement of expenses under this Article
VI is not paid in full within thirty (30) days after a written claim therefor by the Covered Person has been received by the Corporation,
the Covered Person may file suit to recover the unpaid amount of such claim and, if successful in whole or in part, shall be entitled
to be paid the expense of prosecuting such claim to the fullest extent permitted by law. In any such action the Corporation shall
have the burden of proving that the Covered Person is not entitled to the requested indemnification or advancement of expenses
under applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 4. Nonexclusivity
of Rights. The rights conferred on any Covered Person by this Article VI shall not be exclusive of any other rights which such
Covered Person may have or hereafter acquire under any statute, provision of the Certificate of Incorporation, these Bylaws, agreement,
vote of stockholders or disinterested directors or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 5. Other Sources.
The Corporation&rsquo;s obligation, if any, to indemnify or to advance expenses to any Covered Person who was or is serving at
its request as a director, officer, employee or agent of another corporation, partnership, joint venture, trust, enterprise or
nonprofit entity shall be reduced by any amount such Covered Person may collect as indemnification or advancement of expenses from
such other corporation, partnership, joint venture, trust, enterprise or non-profit enterprise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 6. Amendment
or Repeal. Any right to indemnification or to advancement of expenses of any Covered Person arising hereunder shall not be eliminated
or impaired by an amendment to or repeal of these Bylaws after the occurrence of the act or omission that is the subject of the
civil, criminal, administrative or investigative action, suit or proceeding for which indemnification or advancement of expenses
is sought.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 7. Other Indemnification
and Advancement of Expenses. This Article VI shall not limit the right of the Corporation, to the extent and in the manner permitted
by law, to indemnify and to advance expenses to persons other than Covered Persons when and as authorized by appropriate corporate
action.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 1. Dividends.
Subject to statute and the Certificate of Incorporation, dividends upon the shares of the Corporation may be declared by the Board
of Directors. Dividends may be paid in cash, in property or in shares of the Corporation, unless otherwise provided by statute
or the Certificate of Incorporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 2. Reserves.
The Board of Directors may set apart out of any of the funds of the Corporation available for dividends a reserve or reserves for
any proper purpose and may abolish any such reserve.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 3. Seal. The
seal of the Corporation shall be in such form as shall be approved by the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 4. Fiscal
Year. The fiscal year of the Corporation shall be fixed from time to time by the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 5. Checks,
Notes, Drafts, Etc. All checks, notes, drafts or other orders for the payment of money of the Corporation shall be signed, endorsed
or accepted in the name of the Corporation by such officer, officers, person or persons as from time to time may be designated
by the Board of Directors or by an officer or officers authorized by the Board of Directors to make such designation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 6. Execution
of Contracts, Deeds, Etc. The Board of Directors may authorize any officer or officers, agent or agents, in the name and on behalf
of the Corporation to enter into or execute and deliver any and all deeds, bonds, mortgages, contracts and other obligations or
instruments, and such authority may be general or confined to specific instances.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 7. Voting
of Securities in Other Entities. Unless otherwise provided by resolution of the Board of Directors, the Chairman of the Board or
the President, from time to time, may (or may appoint one (1) or more attorneys or agents to) cast the votes which the Board of
Directors may be entitled to cast as a holder of securities or otherwise in any other entity, any of whose securities may be held
by the Corporation, at meetings of the holders of securities of such other entity, or to consent in writing to any action by any
such other entity. In the event one (1) or more attorneys or agents are appointed, the Chairman of the Board or the President may
instruct the person or persons so appointed as to the manner of casting such votes or giving such consent. The Chairman of the
Board or the President may, or may instruct the attorneys or agents appointed to, execute or cause to be executed in the name and
on behalf of the Corporation and under its seal or otherwise, such written proxies, consents, waivers or other instruments as may
be necessary or proper in the premises.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">SECTION 8. Electronic
Transmission. For purposes of these Bylaws, &ldquo;electronic transmission&rdquo; means any form of communication, not directly
involving the physical transmission of paper, that creates a record that may be retained, retrieved, and reviewed by a recipient
thereof, and that may be directly reproduced in paper form by such a recipient through an automated process.</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">These Bylaws may be
amended or repealed or new Bylaws may be adopted at any annual or special meeting of stockholders at which time a quorum is present
or represented, by the vote of the holders of shares entitled to vote in the election of directors provided that notice of the
proposed amendment or repeal or adoption of new Bylaws is contained in the notice of such meeting. These Bylaws may also be amended
or repealed or new Bylaws may be adopted by the Board at any regular or special meeting of the Board of Directors. If any Bylaw
regulating an impending election of directors is adopted, amended or repealed by the Board of Directors, there shall be set forth
in the notice of the next meeting of stockholders for the election of directors the Bylaw so adopted, amended or repealed, together
with a concise statement of the changes made. Bylaws adopted by the Board of Directors may be amended or repealed by the stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 53.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">Notwithstanding anything
contained in these Bylaws to the contrary, Section&nbsp;11 of Article&nbsp;II, Section&nbsp;2 of Article&nbsp;III, Section&nbsp;13
of Article&nbsp;III and Section&nbsp;14 of Article&nbsp;III of these Bylaws shall not be altered, amended or repealed, and no provisions
inconsistent therewith shall be adopted, except in accordance with Article&nbsp;FOURTEENTH of the Certificate of Incorporation
of this Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 41.8pt">&nbsp;</P>

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

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

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