<SEC-DOCUMENT>0001144204-15-060705.txt : 20151026
<SEC-HEADER>0001144204-15-060705.hdr.sgml : 20151026
<ACCEPTANCE-DATETIME>20151026112754
ACCESSION NUMBER:		0001144204-15-060705
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20151022
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20151026
DATE AS OF CHANGE:		20151026

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SMARTFINANCIAL INC.
		CENTRAL INDEX KEY:			0001038773
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				621173944
		STATE OF INCORPORATION:			TN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-30497
		FILM NUMBER:		151174467

	BUSINESS ADDRESS:	
		STREET 1:		5401 KINGSTON PIKE
		STREET 2:		SUITE 600
		CITY:			KNOXVILLE
		STATE:			TN
		ZIP:			37919
		BUSINESS PHONE:		866-290-2554

	MAIL ADDRESS:	
		STREET 1:		5401 KINGSTON PIKE
		STREET 2:		SUITE 600
		CITY:			KNOXVILLE
		STATE:			TN
		ZIP:			37919

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CORNERSTONE BANCSHARES INC
		DATE OF NAME CHANGE:	19980402

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EAST RIDGE BANCSHARES INC
		DATE OF NAME CHANGE:	19970507
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v422748_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FORM 8-K</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SECTION 13 OR 15(d) OF THE </B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Date of earliest event reported:
October 22, 2015</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Exact Name of Registrant as Specified in
its Charter)</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 32%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Tennessee</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 32%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;333-203449</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 2%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 32%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>62-1173944</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(State or Other Jurisdiction of<BR>
 Incorporation)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Commission File Number)</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(IRS Employer Identification No.)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 49%; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>5401 Kingston Pike, Suite 600</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Knoxville, Tennessee </B></P></TD>
    <TD STYLE="width: 2%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 49%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>37919</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Address of Principal Executive Offices)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Zip Code)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 13.2pt; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 60%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 100%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>(865) 437-5700</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Registrant&rsquo;s telephone number, including area code<B>)</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Former Name or Former Address, if Changed Since Last Report)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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 (<I>see</I> General Instruction
A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT><FONT STYLE="font-size: 10pt">&nbsp;
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT>&nbsp;<FONT STYLE="font-size: 10pt">
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT><FONT STYLE="font-size: 10pt">
&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT><FONT STYLE="font-size: 10pt">
&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

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


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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Effective October 22, 2015, the board of
directors adopted the Second Amended and Restated Bylaws of SmartFinancial, Inc., which <FONT STYLE="background-color: white">amend
and restate, in their entirety, the Company&rsquo;s previous Amended and Restated Bylaws. </FONT>The material amendments included
in the Second Amended and Restated Bylaws are summarized as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Name and Address.</U> The new bylaws
reflect the Company&rsquo;s name change to &ldquo;SmartFinancial, Inc.&rdquo; and the change of its principal office to Knoxville,
Tennessee.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Shareholder Meetings Location.</U> Under
the previous bylaws, shareholder meetings were required to be held in Hamilton County, Tennessee. Under the new bylaws, shareholder
meetings may be held in any location determined by the board of directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Special Meetings</U>. Under the new bylaws,
special meetings of the shareholders may be called by (i) the Chairman of the board, (ii) the Vice-Chairman of the board, (iii)
the President or Chief Executive Officer, (iv) a majority of the members of the board, or (v) the holders of 20% or more of the
outstanding shares of voting stock of the Company. Under the previous bylaws, a special meeting could be called by the holders
of 10% of the outstanding voting stock, in addition to certain banking regulators, the President of the Company, or a majority
of the board.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Advance Notice Requirements</U>. The
new bylaws add advance notice requirements for shareholders to propose director nominations or other business to be brought before
an annual or special meeting of shareholders. These requirements include, among other things: (i) the proponent shareholder must
provide advance notice to make a nomination or to bring business before an annual meeting and such notice must be submitted not
later than the 90th calendar day, nor earlier than the one hundred 120th calendar day in advance of the date of the annual meeting
(provided that the annual meeting is not advanced more than 30 days or delayed more than 70 days, in which case different deadlines
will apply); and (ii) the advanced notice must provide specified information, including the class and number of shares of stock
owned by the proponent shareholder, any material interest such shareholder has in the proposed business, as well as other information
specified in the bylaws.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Board of Directors</U>. The new bylaws
provide that the board shall consist of at least five and no more than 25 members. The old bylaws set the size of the board between
nine and 15 members. The new bylaws provide that a board member may be removed only for cause, whereas the old bylaws provided
that a board member may be removed without cause.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Other Features</U>. Other features of
the new bylaws that represent changes from the old bylaws include, among other things, (i) procedures for notice of meetings of
shareholders have been updated and allow for electronic transmission of notice of meetings; (ii) the board has increased flexibility
in the types of committees it may establish; (iii) employee-directors are required to resign from the board upon termination of
employment with the Company; and (iv) the description of the duties and responsibilities of officers of the Company have been updated.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The foregoing is a summary of the material
changes introduced by the new bylaws. A copy of the Second Amended and Restated Bylaws of the Company is included as Exhibit&nbsp;3.1
<FONT STYLE="font-family: Times New Roman, Times, Serif">to this Current Report on Form 8-K </FONT>and is incorporated herein by
reference.</P>

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

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 11%">3.1</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 86%">Second Amended and Restated Bylaws of SmartFinancial, Inc.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%"><B>SMARTFINANCIAL, INC.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Date: October 22, 2015</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ William Y. Carroll, Jr.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>William Y. Carroll, Jr.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><I>President &amp; Chief Executive Officer</I></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>EXHIBIT INDEX</B></P>

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

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<TR>
    <TD STYLE="vertical-align: top; width: 11%; border-bottom: Black 1pt solid"><B>Exhibit No.</B></TD>
    <TD STYLE="vertical-align: bottom; width: 3%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 86%; border-bottom: Black 1pt solid"><B>Description</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><B>&nbsp;</B></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><B>&nbsp;</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">3.1</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">Second Amended and Restated Bylaws of SmartFinancial, Inc.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>


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<TYPE>EX-3.1
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<FILENAME>v422748_ex3-1.htm
<DESCRIPTION>EXHIBIT 3.1
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<P STYLE="margin: 0">&nbsp;</P>

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

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

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

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

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

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

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

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

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

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

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

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

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


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

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

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

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    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Article I.&nbsp;&nbsp;Name and Offices of Company</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Article II.&nbsp;&nbsp;Capital Stock</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 9.35pt">&nbsp;</TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 2.1.&nbsp;&nbsp;Share Certificates</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">1</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 2.2.&nbsp;&nbsp;Rights of Company with Respect to Record Owners</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">2</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 2.3.&nbsp;&nbsp;Transfers of Shares</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">2</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 2.4.&nbsp;&nbsp;Lost, Stolen, Destroyed, or Mutilated Certificates</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">2</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Article III.&nbsp;&nbsp;Meetings of Shareholders</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">2</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9.35pt">&nbsp;</TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 3.1.&nbsp;&nbsp;Annual Meetings of Shareholders</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">2</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 3.2.&nbsp;&nbsp;Special Meetings of Shareholders</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">2</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 3.3.&nbsp;&nbsp;Notice of Meetings of Shareholders</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">3</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 3.4.&nbsp;&nbsp;Quorum and Voting Requirements</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">3</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 3.5.&nbsp;&nbsp;Administration of Meetings</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">4</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 3.6. &nbsp;Voting Power and Record Date</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">4</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 3.7.&nbsp;&nbsp;Proxies</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">4</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 3.8.&nbsp;&nbsp;Notice of Shareholder Proposals</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">5</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 3.9.&nbsp;&nbsp;Advance Notice of Director Nominations</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">5</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Article IV.&nbsp;&nbsp;Board of Directors</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">6</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9.35pt">&nbsp;</TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 4.1.&nbsp;&nbsp;Board Powers and Composition</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">6</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 4.2.&nbsp;&nbsp;Board Vacancies</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">7</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 4.3.&nbsp;&nbsp;Meetings of the Board</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">7</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 4.4.&nbsp;&nbsp;Removal of Directors</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">7</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 4.5.&nbsp;&nbsp;Resignation of Directors</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">8</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 4.6.&nbsp;&nbsp;Presiding Officer</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">8</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 4.7.&nbsp;&nbsp;Quorum and Voting</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">8</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 4.8.&nbsp;&nbsp;Removal of Officers and Employees</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">8</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 4.9.&nbsp;&nbsp;Officer Vacancies</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">8</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 4.10.&nbsp;&nbsp;Committees of the Board</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">8</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 4.11.&nbsp;&nbsp;Employee Directors</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">9</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Article V.&nbsp;&nbsp;Officers</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">9</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9.35pt">&nbsp;</TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 5.1.&nbsp;&nbsp;Officer Positions</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">9</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 5.2.&nbsp;&nbsp;Election and Term</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">9</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 5.3.&nbsp;&nbsp;Compensation</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">9</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 5.4.&nbsp;&nbsp;Chairman of the Board</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">9</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 5.5.&nbsp;&nbsp;Vice-Chairman of the Board</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">9</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 5.6.&nbsp;&nbsp;President</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">9</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 5.7.&nbsp;&nbsp;Chief Executive Officer</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">10</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 5.8.&nbsp;&nbsp;Secretary</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">10</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 5.9.&nbsp;&nbsp;Treasurer</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">10</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 5.10.&nbsp;&nbsp;Assistant Secretaries</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">10</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Article VI.&nbsp;&nbsp;Indemnification</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">10</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 9.35pt">&nbsp;</TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 6.1.&nbsp;&nbsp;Parties to Proceedings</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">10</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 6.2.&nbsp;&nbsp;Claims</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">11</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 6.3.&nbsp;&nbsp;Non-Exclusivity of Rights</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">11</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 6.4.&nbsp;&nbsp;Other Indemnification</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">11</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section 6.5.&nbsp;&nbsp;Insurance</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">12</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 9.35pt"><FONT STYLE="font-size: 10pt">Section&nbsp;6.6.&nbsp;&nbsp;Regulatory Matters</FONT></TD>
    <TD STYLE="padding-left: 9.35pt; text-align: right"><FONT STYLE="font-size: 10pt">12</FONT></TD></TR>
</TABLE>
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    <TD STYLE="width: 90%"><FONT STYLE="font-size: 10pt">Article VII.&nbsp;&nbsp;Fiscal Year</FONT></TD>
    <TD STYLE="width: 10%; text-align: right"><FONT STYLE="font-size: 10pt">12</FONT></TD></TR>
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    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
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    <TD><FONT STYLE="font-size: 10pt">Article VIII.&nbsp;&nbsp;Dividends</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">12</FONT></TD></TR>
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    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
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    <TD><FONT STYLE="font-size: 10pt">Article IX.&nbsp;&nbsp;Corporate Actions</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">12</FONT></TD></TR>
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    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
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    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-size: 10pt">Section 9.1.&nbsp;&nbsp;Execution of Instruments</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">12</FONT></TD></TR>
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    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-size: 10pt">Section 9.2.&nbsp;&nbsp;Receipts, Checks, Drafts, Etc</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">13</FONT></TD></TR>
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    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-size: 10pt">Section 9.3.&nbsp;&nbsp;Loans</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">13</FONT></TD></TR>
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    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-size: 10pt">Section 9.4.&nbsp;&nbsp;Corporate Seal</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">13</FONT></TD></TR>
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    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
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    <TD><FONT STYLE="font-size: 10pt">Article X.&nbsp;&nbsp;Amendment of Bylaws</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">13</FONT></TD></TR>
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    <TD STYLE="padding-left: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
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    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-size: 10pt">Section&nbsp;10.1.&nbsp;&nbsp;By Shareholders</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">13</FONT></TD></TR>
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    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-size: 10pt">Section 10.2.&nbsp;&nbsp;By the Board</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">13</FONT></TD></TR>
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    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
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    <TD><FONT STYLE="font-size: 10pt">Article XI.&nbsp;&nbsp;Violation of Law or Regulation</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">13</FONT></TD></TR>
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    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
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    <TD><FONT STYLE="font-size: 10pt">Article XII.&nbsp;&nbsp;Voting Securities Held by Company</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">13</FONT></TD></TR>
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    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
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    <TD><FONT STYLE="font-size: 10pt">Article XIII.&nbsp;&nbsp;Notice by Electronic Transmission</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">14</FONT></TD></TR>
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    <TD STYLE="padding-left: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
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    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-size: 10pt">Section 13.1.&nbsp;&nbsp;Notice by Electronic Transmission</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">14</FONT></TD></TR>
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    <TD STYLE="padding-left: 9pt"><FONT STYLE="font-size: 10pt">Section 13.2.&nbsp;&nbsp;Definition of Electronic Transmission</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">14</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SECOND AMENDED AND RESTATED BYLAWS</B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">These Second Amended and Restated Bylaws
of SmartFinancial, Inc., a Tennessee corporation, have been adopted by the board of directors of SmartFinancial, Inc. effective
as of October 22, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&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"><U>NAME AND OFFICES OF COMPANY</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The name of the corporation is SmartFinancial,
Inc. (the &ldquo;<U>Company</U>&rdquo;), and the Company&rsquo;s principal office address shall be 5401 Kingston Pike, Suite 600,
Knoxville, Tennessee 37919, or such other location as may be determined by the board of directors of the Company (the &ldquo;<U>Board</U>&rdquo;).
The Company may establish and maintain offices at such other locations as may be determined from time to time by the Board.</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">ARTICLE II</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 2.1</U>. &nbsp;<U>Share Certificates</U>.
Shares of capital stock of the Company may be either certificated or uncertificated as determined by the Board. If shares are certificated,
certificates for such shares shall be numbered consecutively, shall be entered in the books or records of the Company as issued,
and shall be signed, either manually or in facsimile, by either the President or the Chief Executive Officer and either the Secretary
or the Treasurer, or any such other officers as may from time to time be designated by the Board, the signature of two such officers
being required. Each certificate shall state on its face the name of the Company, that the Company is organized under the laws
of the State of Tennessee, the name of the person to whom it is issued, the date of the certificate&rsquo;s issuance, the number
and class of shares, and the designation of the series, if any, the certificate represents, the par value of each share represented
by the certificate, or that the shares are without par value, and such other information as the Board may from time to time require.
The designation and relative rights, preferences, and limitations applicable to each class or series of capital stock of the Company
and the variations in rights, preferences, and limitations determined for each series (and the authority of the Board to determine
variations for future series) shall be summarized on the front or back of each certificate, or, alternatively, each certificate
may conspicuously state that such information will be furnished by the Company to the shareholder free of charge upon written request.
All shares of capital stock of the Company not registered pursuant to the provisions of the Securities Act of 1933, as amended
(the &ldquo;<U>Securities Act</U>&rdquo;), or any applicable state securities act, or exempt from registration under the Securities
Act or any applicable state securities act, shall not be sold, pledged, hypothecated, donated, or otherwise transferred or disposed
of absent such registration or exemption, and the following legend shall be placed in the Company&rsquo;s stock transfer records
and conspicuously noted on each certificate representing such shares:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">THE SECURITIES REPRESENTED BY THIS
INSTRUMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE. SUCH SECURITIES
MAY NOT BE SOLD, PLEDGED, HYPOTHECATED, DONATED, OR OTHERWISE TRANSFERRED OR DISPOSED OF ABSENT SUCH REGISTRATION, UNLESS, IN THE
OPINION OF LEGAL COUNSEL TO THE COMPANY, SUCH REGISTRATION IS NOT REQUIRED.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><B>&nbsp;</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 0pt 1in; text-align: justify">THE COMPANY IS AUTHORIZED TO ISSUE
DIFFERENT CLASSES OF SHARES OR DIFFERENT SERIES WITHIN A CLASS. THE COMPANY WILL FURNISH IN WRITING AND WITHOUT CHARGE TO EACH
SHAREHOLDER WHO SO REQUESTS A STATEMENT OF THE DESIGNATION AND RELATIVE RIGHTS, PREFERENCES, AND LIMITATIONS APPLICABLE TO EACH
CLASS, AND SERIES WITHIN A CLASS, OF CAPITAL STOCK OF THE COMPANY AND THE VARIATIONS IN RIGHTS, PREFERENCES, AND LIMITATIONS APPLICABLE
TO EACH SERIES (AND THE AUTHORITY OF THE COMPANY&rsquo;S BOARD OF DIRECTORS TO DETERMINE VARIATIONS FOR FUTURE SERIES).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 2.2</U>.&nbsp; <U>Rights of Company
with Respect to Record Owners</U>. The Company shall be entitled to treat the holder of record of any shares of capital stock of
the Company as the holder in fact thereof and the person exclusively entitled to vote the shares, to receive any share dividend
or distribution with respect to the shares, and for all other purposes, and the Company shall not be bound to recognize any equitable
or other claim to or interest in such shares on the part of any other person, whether or not the Company has express or other notice
thereof, except as otherwise provided by applicable law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 2.3</U>.&nbsp; <U>Transfers of Shares</U>.
Transfers of shares of capital stock of the Company shall be made upon the books of the Company by the record holder thereof, or
by an attorney lawfully constituted in writing, upon the surrender of the certificate(s), if any, therefor. The Board may from
time to time appoint suitable agents to facilitate transfers by shareholders of shares of capital stock of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 2.4</U>.&nbsp; <U>Lost, Stolen, Destroyed,
or Mutilated Certificates</U>. Any person claiming a certificate for shares of capital stock of the Company to be lost, stolen,
destroyed, or mutilated shall make an affidavit or affirmation of such fact in the manner required by the Board and, if the Board,
President or Chief Executive Officer, Secretary, or Treasurer requires, shall give the Company a bond of indemnity in such form
and amount as the Board may require, and with one or more sureties satisfactory to the Board, whereupon an appropriate new certificate
may be issued in lieu of the certificate alleged to have been lost, stolen, destroyed, or mutilated.</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">ARTICLE III</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 3.1</U>. &nbsp;<U>Annual Meetings of
Shareholders</U>. Annual meetings of the shareholders of the Company for the election of Company directors and the transaction
of such other business as may properly come before the meetings shall be held at such places as may be determined by the Board,
on such dates and at such times as determined by resolution of the Board.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 3.2</U>.&nbsp; <U>Special Meetings
of Shareholders</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Special
meetings of the shareholders of the Company shall be held at such place as may be determined by the Board. Special meetings of
the shareholders of the Company may be called by (i) the Chairman of the Board, (ii) the Vice-Chairman of the Board, (iii) the
President or Chief Executive Officer, (iv) a majority of the members of the Board, or (v) the holders of 20% or more of the outstanding
shares of voting stock of the Company.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any person(s) other than the Board
call a special meeting of shareholders, the request for the meeting shall (i) be in writing, (ii) specify the general nature of
the business proposed to be transacted at such meeting, and (iii) be delivered to the Secretary of the Company. Upon receipt of
such a request, the Board shall determine the date, time, and place of such special meeting, which must be scheduled to be held
on a date that is within 90 days of receipt by the Secretary of the request therefor, unless a later date is required in order
to allow the Company to file any information required under the Securities Exchange Act of 1934, as amended (the &ldquo;<U>Exchange
Act</U>&rdquo;). The Secretary of the Company shall prepare a notice of any special meeting of shareholders properly requested
hereunder. No business may be transacted at any such special meeting of shareholders other than that business specified in the
notice to shareholders of such meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the case of a special meeting of shareholders requested pursuant to <U>Section&nbsp;3.2(b)</U>, the Chairman shall have the power
and duty (i) to determine whether any nomination or 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 <U>Section&nbsp;3.2</U> and <U>Section&nbsp;3.9</U> and (ii) if
any proposed nomination or business was not made or proposed, as the case may be, in compliance with these bylaws or the stated
business to be brought before the special meeting is not a proper subject for shareholder action under applicable law, to declare
that such nomination shall be disregarded or that such proposed business shall not be transacted.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
special meeting of shareholders requested pursuant to <U>Section&nbsp;3.2(b)</U> shall not be held if (i) the Board calls for an
annual meeting of shareholders to be held within 90 days of receipt by the Secretary of the request for the special meeting and
the Board determines in good faith that the business of such annual meeting includes (among any other matters properly brought
before the annual meeting) the business specified in such special meeting request, (ii) an annual or special meeting of shareholders
was held within 90 days before receipt by the Secretary of the request for the special meeting and the Board determines in good
faith that the business of such prior annual or special meeting included (among any other matters properly brought before such
prior annual or special meeting) the business specified in such special meeting request, or (iii) the Board determines in good
faith that all of the stated business to be brought before such special meeting is not a proper subject for shareholder action
under applicable law.</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-indent: 0.5in"><U>Section 3.3</U>. &nbsp;<U>Notice of Meetings
of Shareholders</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Written
notice of the date, time, and place of each annual or special meeting of the shareholders of the Company shall be given to all
shareholders entitled to notice of the meeting, at the addresses shown on the stock records of the Company for such persons, no
fewer than 10 days nor more than 60 days prior to the date of the meeting. Notice of any special meeting of the shareholders of
the Company shall state the purpose or purposes of the meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notice
of any meeting of shareholders shall be conclusively deemed given (i) if mailed to a shareholder, when deposited in the United
States mail, postage prepaid, directed to the shareholder at the shareholder&rsquo;s address as it appears on the Company&rsquo;s
records, (ii) if electronically transmitted, as provided in <U>Section&nbsp;13.1</U> of these bylaws, or (iii) in all other instances,
when delivered.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An
affidavit of the Secretary of the Company or of the transfer agent or any other agent of the Company that notice of any annual
or special meeting of shareholders has been given shall, in the absence of fraud, be <I>prima facie</I> evidence of the facts stated
therein.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 3.4</U>.&nbsp; <U>Quorum and Voting
Requirements</U>. The holders of a majority of the shares entitled to vote on a matter to be considered at an annual or special
meeting of the shareholders of the Company, present in person or by proxy, shall constitute a quorum for the transaction of business
at such meeting with respect to such matter. However, if such a majority shall not be present, in person or by proxy, at any meeting
of Company shareholders, the shareholders present, in person or by proxy, may adjourn the meeting, without notice other than the
announcement at the meeting of the date, time, and place to which the meeting is adjourned. At any such adjourned meeting, such
business as might have been transacted at the meeting as originally notified may be conducted. Once a share is represented for
any purpose at a meeting, it shall be deemed present for quorum purposes for the remainder of the meeting and any adjournment thereof
unless a new record date is or must be set for the adjourned meeting. If a quorum exists, action on a matter, other than the election
of directors, by a voting group is approved if the votes cast within the voting group in favor of the action exceed the votes cast
in opposition of the action, unless a greater number of affirmative votes is required by the charter of the Company, these bylaws,
or the Tennessee Business Corporation Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 3.5</U>.&nbsp; <U>Administration of
Meetings</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Chairman of the Board shall preside
at all meetings of the shareholders of the Company. In the event of the Chairman&rsquo;s absence, incapacity, or refusal to serve,
the Vice-Chairman of the Board shall preside at meetings of the shareholders of the Company. In the event of both the Chairman&rsquo;s
and the Vice-Chairman&rsquo;s absence, incapacity, or refusal to serve, any authorized Company officer or director appointed by
the Board prior to the meeting shall so preside.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Board shall be entitled to make such rules or regulations for the conduct of meetings of shareholders as it shall deem necessary,
appropriate, or convenient. Subject to such rules and regulations, if any, the Chairman shall have the right and authority to prescribe
such rules, regulations, and procedures and to do all acts as, in the judgment of such Chairman, are necessary, appropriate, or
convenient for the proper conduct of any meeting, including without limitation establishing an agenda of business for the meeting,
rules or regulations to maintain order, restrictions on entry to the meeting after the time fixed for the commencement thereof,
and the date and time of the opening and closing of the polls for each matter upon which shareholders will vote at the meeting
(and shall announce such at the meeting).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 3.6</U>.&nbsp; <U>Voting Power and
Record Date</U>. Each shareholder shall be entitled to that number of votes for each share of capital stock of the Company held
by such shareholder as set forth in the charter of the Company or as provided by law. For purposes of determining shareholders
entitled to notice of or to vote at any meeting of Company shareholders, or any adjournment thereof, or shareholders entitled to
receive payment of any dividend, or in order to make a determination of shareholders for any other proper purpose, the Board shall
fix in advance a date (the &ldquo;<U>Record Date</U>&rdquo;) as the record date for any such determination of shareholders, which
Record Date shall be not more than 60 days, and with respect to any meeting of Company shareholders not fewer than 10 days, prior
to the date on which the particular meeting or other action requiring such determination of shareholders is to be held or taken.
Except as otherwise provided in the Tennessee Business Corporation Act, when a determination of shareholders entitled to notice
of or to vote at any meeting of Company shareholders has been made, such determination shall be effective for any adjournment of
such meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 3.7</U>.&nbsp; <U>Proxies</U>. Each
shareholder eligible to vote at a meeting of Company shareholders shall be entitled to vote by proxy, and proxies shall be provided
with the notice of any meeting of Company shareholders. Proxies must be signed by the owner(s) of the shares to be voted on the
proxies provided and shall be valid for only one meeting, to be specified on the proxy form, and any adjournment(s) of such meeting.
An appointment of a proxy is effective when received by the Secretary of the Company or any other officer or agent authorized to
tabulate votes. All proxies shall be dated and filed with the records of the meeting of Company shareholders to which they relate.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 3.8.</U> &nbsp;<U>Notice of Shareholder
Proposals</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
any annual or special meeting of shareholders of the Company, only such business as shall have been properly brought before the
meeting shall be conducted. To be properly brought before an annual meeting, business must be (i) specified in the notice of meeting
(or any supplement thereto) given by or at the direction of the Board, (ii) otherwise properly brought before the meeting by or
at the direction of the Board, or (iii) otherwise properly brought before the meeting by a shareholder of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
order for business to be properly brought by a shareholder before an annual meeting of Company shareholders, the shareholder must,
in addition to any other applicable requirement, have given timely notice in proper form to the Secretary of the Company. To be
timely, a shareholder&rsquo;s notice must be delivered to or received at the principal office of the Company (i) not later than
the close of business on the 90th calendar day nor earlier than the close of business on the 120th calendar day in advance of the
anniversary of the previous year&rsquo;s annual meeting of Company shareholders if such meeting is to be held on a date that is
not more than 30 calendar days in advance of the anniversary of the previous year&rsquo;s annual meeting or not later than 70 calendar
days after the anniversary of the previous year&rsquo;s annual meeting, and (ii) with respect to any other annual meeting, the
close of business on the 10th calendar day following the date of public disclosure of the date of such meeting. In no event shall
the public disclosure of an adjournment or postponement of an annual meeting commence a new notice time period (or extend any notice
time period). To be in proper form, a shareholder&rsquo;s notice to the Secretary shall be in writing and set forth (i) a brief
description of the business desired to be brought before the annual meeting and the reasons for conducting such business at the
annual meeting, (ii) the name and address, as they appear on the Company&rsquo;s books, of the shareholder proposing such business,
(iii) the class and number of shares of capital stock of the Company owned beneficially or of record by the shareholder, (iv) any
material interest of the shareholder in such business, and (v) any other information that is required to be provided by the shareholder
pursuant to Rule&nbsp;14A under the Exchange Act in the shareholder&rsquo;s capacity as a proponent of a shareholder proposal.
Notwithstanding the foregoing, in order to include information with respect to a shareholder proposal in the proxy statement and
form of proxy for a meeting of Company shareholders, shareholders must provide notice as required by the regulations promulgated
under the Exchange Act and meet the eligibility and other requirements set out in Rule&nbsp;14. Notwithstanding anything in these
bylaws to the contrary, no business shall be conducted at any annual meeting of shareholders of the Company except in accordance
with the procedures set forth in this <U>Section&nbsp;3.8</U> and the Exchange Act and the rules promulgated thereunder. In the
event of a discrepancy between these bylaws and the rules promulgated under the Exchange Act, the rules promulgated under the Exchange
Act shall govern.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
order for business to be properly brought by a shareholder before a requested special meeting of Company shareholders, such shareholder
must comply with the procedures set forth in <U>Section&nbsp;3.2</U> of these bylaws.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
person presiding at a meeting of Company shareholders shall, if the facts warrant, determine and declare at the meeting that business
was not properly brought before the meeting and in accordance with this <U>Section&nbsp;3.8</U>, and if the person presiding should
so determine, such person shall so declare at the meeting that any such business not properly brought before the meeting shall
not be transacted.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 3.9</U>. &nbsp;<U>Advance Notice of
Director Nominations</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Only
persons who are nominated in accordance with the procedures set forth in this <U>Section&nbsp;3.9</U> shall be eligible for election
as directors of the Company. To be properly brought before an annual meeting of shareholders of the Company, or any special meeting
of shareholders of the Company called for the purpose of electing directors, nominations for the election of directors must be
(i) specified in the notice of meeting (or any supplement thereto), (ii) made by or at the direction of the Board (or any duly
authorized committee thereof), or (iii) made by a shareholder of the Company (A) who is a shareholder of record on the date of
the giving of the notice provided for in this <U>Section&nbsp;3.9</U> and on the record date for the determination of shareholders
entitled to vote at such meeting and (B) who complies with the notice procedures set forth in this <U>Section&nbsp;3.9</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition to any other applicable requirements, for a nomination to be made by a shareholder, such shareholder must give timely
notice thereof in proper written form to the Secretary of the Company. To be timely, a shareholder&rsquo;s notice to the Secretary
must be delivered to or received at the principal office of the Company (i) in the case of an annual meeting of Company shareholders,
in accordance with the provisions set forth in <U>Section&nbsp;3.8</U> or (ii) in the case of a special meeting of Company shareholders
called for the purpose of electing directors, not later than the close of business on the 10th calendar day following the day on
which notice of the date of the special meeting was mailed or public disclosure of the date of the special meeting was made, whichever
first occurs. To be in proper written form, a shareholder&rsquo;s notice to the Secretary must set forth:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as
to each person whom the shareholder proposes to nominate for election as a director, (A) the name, age, business address, and residence
address of such person, (B) the principal occupation or employment of such person, (C) the class or series and number of shares
of capital stock of the Company owned beneficially or of record by such person, (D) a description of all arrangements or understandings
between the shareholder and each nominee and any other person or persons (naming such person or persons) pursuant to which the
nominations are to be made by the shareholder, and (E) any other information relating to such person that is required to be disclosed
in solicitations of proxies for elections of directors, or is otherwise required, in each case pursuant to Rule&nbsp;14A under
the Exchange Act (including without limitation such person&rsquo;s written consent to being named in the proxy statement, if any,
as a nominee and to serving as a director if elected); and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as
to the shareholder giving notice, the information required to be provided pursuant to <U>Section&nbsp;3.8</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
person shall be eligible for election as a director of the Company unless nominated in accordance with the procedures set forth
in this <U>Section&nbsp;3.9</U>. If the person presiding at a meeting of Company shareholders properly determines that a nomination
was not made in accordance with the procedures set forth in this <U>Section&nbsp;3.9</U>, the person presiding shall declare to
the meeting that the nomination was defective and such defective nomination shall be disregarded.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 4.1</U>.&nbsp; <U>Board Powers and
Composition</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
business and affairs of the Company shall be managed under the direction of the Board, which shall meet not less than annually.
In addition to the powers and authority conferred upon the Board by these bylaws, the Board may exercise all such powers and do
such acts and things as it may be authorized or required to do by statute, by rule or regulation of applicable regulatory authorities,
or by the charter or the shareholders of the Company.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Board shall consist of at least five but no more than 25 individuals. The number of members of the Board may from time to time
be fixed or changed, within the range set forth above, by resolution of the Board. Directors shall be elected by non-cumulative
vote of the shareholders at the annual meeting and shall serve for one year or until their successors are duly elected and qualified.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 4.2</U>. <U>Board Vacancies</U>.
Vacancies among the directors may be filled by a majority vote of the remaining directors, unless occurring because of removal
by the shareholders, at any regular or special meeting of the Board, and any director so elected shall serve until the next annual
meeting of shareholders. Additionally, a vacancy on the Board may be filled by the shareholders, and any director so elected shall
serve until the next annual meeting of shareholders.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 4.3</U>. &nbsp;<U>Meetings of the Board</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regular
meetings of the Board shall be held at the principal office of the Company, or at such other location as may be determined from
time to time by the Board, at such times as the Board may from time to time determine. Special meetings of the Board may be called
by the Chairman of the Board, the Vice-Chairman of the Board, the President or Chief Executive Officer, or one-third of the directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
notice of regular meetings of the Board need be given to the directors. Notice of the date, time, and place of each special meeting
of the Board shall be given to each director at least two days prior to the meeting. Notice of any special meeting of the Board
may be waived by a director in writing (which writing shall be signed by the director and filed with the minutes of the subject
meeting) at any time before, during, or after the meeting, and a director&rsquo;s attendance at or participation in a special meeting
of the Board shall constitute a waiver of any required notice thereof unless the director, at the beginning of the meeting or promptly
upon the director&rsquo;s arrival, objects to the holding of the meeting or the transaction of business at the meeting and does
not thereafter vote for or assent to action taken at the meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
director who is present at a meeting of the Board when corporate action is taken shall be deemed to have assented to the action
taken unless (i) the director objects at the beginning of the meeting, or promptly upon the director&rsquo;s arrival, to the holding
of the meeting or the transaction of business at the meeting, (ii) the director&rsquo;s dissent or abstention from the action taken
is entered in the minutes of the meeting, or (iii) the director delivers written notice of the director&rsquo;s dissent or abstention
from the action taken to the presiding officer of the meeting before its adjournment or to the Company immediately after adjournment
of the meeting; <I>provided</I> that the right of dissent or abstention shall not be available to a director who votes in favor
of the action taken.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Directors
may participate in any meeting of the Board by, and any meeting of the Board may be conducted through the use of, any means of
communication by which all directors participating may simultaneously hear one another, including teleconference or video conference.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
action required or permitted to be taken at a meeting of the Board may be taken without a meeting. If all of the directors consent
to the taking of such action without a meeting, the affirmative vote of the number of directors that would be necessary to authorize
or take such action at a meeting of the Board shall be the act of the Board. The action must be evidenced by one or more written
consents describing the action taken, signed by each director in one or more counterparts, and indicating each signing director&rsquo;s
vote or abstention on the action, and such written consent(s) shall be included in the corporate minutes or filed with the corporate
records reflecting the action taken.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 4.4</U>.&nbsp; <U>Removal of Directors</U>.
The shareholders of the Company may remove one or more directors with cause at a meeting called for such purpose. The shareholders
of the Company may not remove a director without cause. Any or all of the directors may be removed for cause by the vote of a majority
of the Board at a meeting called for such purpose. The notice of any such meeting, whether of the shareholders of the Company or
the directors, must state that the purpose, or one of the purposes, of the meeting is the removal of one or more directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 4.5</U>.&nbsp; <U>Resignation of Directors</U>.
A director may resign at any time by delivering written notice of resignation to the Board, the Chairman of the Board, the Vice-Chairman
of the Board, the President or Chief Executive Officer, or the Company. Any such resignation shall be effective when the notice
of resignation is delivered, unless the notice of resignation specifies a later effective date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 4.6</U>. &nbsp;<U>Presiding Officer</U>.
The Chairman of the Board shall preside at all meetings of the Board. In the event of the Chairman&rsquo;s absence, incapacity,
or refusal to serve, the Vice-Chairman shall preside at meetings of the Board. In the event of both the Chairman&rsquo;s and the
Vice-Chairman&rsquo;s absence, incapacity, or refusal to serve, the directors present shall select one of their number to so preside.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 4.7</U>. &nbsp;<U>Quorum and Voting</U>.
A majority of the members of the Board shall constitute a quorum for the transaction of business, and all matters put to the Board
shall be decided by a majority vote of the directors present, assuming a quorum, unless a greater vote is required by the charter
of the Company, these bylaws, or applicable law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 4.8</U>.&nbsp; <U>Removal of Officers
and Employees</U>. Any or all officers and other employees of the Company may be removed by the Board at any regular or special
meeting of the Board; <I>provided</I>, <I>however</I>, that any such removal shall be effectuated, where appropriate, after consultation
with the Company&rsquo;s legal counsel or other advisors to assure compliance with applicable labor and employment laws, rules,
and regulations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 4.9</U>. &nbsp;<U>Officer Vacancies</U>.
Any vacancy occurring among the officers of the Company shall be filled as soon as practicable by the Board at a regular or special
meeting thereof, or otherwise in a manner consistent with these bylaws.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 4.10</U>. &nbsp;<U>Committees of the
Board</U>. The Board may, by resolution(s) adopted by a majority of its members, designate and establish from among its members
an Executive Committee and one or more other committees, with each such committee to consist of two or more directors, all of whom
shall serve at the pleasure of the Board, and to have such authority as set forth in the resolution(s) establishing the committee;
<I>provided</I> that no such committee shall have the authority to (a) authorize distributions, except according to a formula or
method prescribed by the Board, (b) fill vacancies occurring on the Board or any committee of the Board, (c) amend or repeal these
bylaws or adopt new bylaws, (d) authorize or approve the reacquisition of shares of capital stock of the Company, except according
to a formula or method prescribed by the Board, (e) authorize or approve the issuance or sale or contract for sale of shares of
capital stock of the Company, or determine the designation and relative rights, preferences, and limitations of any class or series
of shares of capital stock of the Company, except with the authorization of and within limits specifically prescribed by the Board,
or (f) authorize, approve, or adopt an amendment to the charter of the Company, a plan of merger, share exchange, or consolidation,
or the sale, lease, exchange, or other disposition of all or substantially all of the property or assets of the Company. Except
as otherwise provided in this <U>Section&nbsp;4.10</U>, the other provisions of this <U>Article IV</U> relative to the Board and
its deliberations shall be applicable to any committee of the Board. Meetings of any committee of the Board may be called at any
time by the Chairman of the Board, the Vice-Chairman of the Board, the chairman of the committee, or the President or Chief Executive
Officer. Meetings of any committee of the Board may be held at such location(s), either within or outside the State of Tennessee,
as such committee shall determine. Each committee of the Board may fix its own rules of procedure, including rules of procedure
relative to notice of its meetings. Each committee of the Board shall keep a record of its proceedings and shall report such proceedings
to the Board on a periodic basis or when otherwise requested by the Board. All action taken by a committee of the Board shall be
subject to review and rejection, revision, or alteration by the Board; <I>provided</I> that the rejection, revision, or alteration
by the Board of any action properly taken by a committee of the Board shall not affect the rights of persons who have in good faith
relied upon such action. The Board shall have the power to at any time remove any member of any committee of the Board with or
without cause and to fill vacancies occurring in and to dissolve any committee of the Board.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 4.11</U>.&nbsp; <U>Employee Directors</U>.
A director who, at the time of his or her election or re-election to the Board, is employed by the Company or any subsidiary or
affiliate of the Company, upon the termination of his or her employment with the Company or any subsidiary or affiliate of the
Company, shall immediately tender his or her resignation as a member of the Board. Nothing herein shall require the Board to accept
such resignation if, in the judgment of the remaining directors, the director tendering his or her resignation remains a valuable
member of the Board.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 5.1</U>.&nbsp; <U>Officer Positions</U>.
The officers of the Company may consist of a Chairman of the Board, a Vice-Chairman of the Board, a President and/or Chief Executive
Officer, a Secretary, and such other officers as may be elected or appointed from time to time by the Board or otherwise in accordance
with this <U>Article V</U>. Any two or more offices may be held by the same person.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 5.2</U>.&nbsp; <U>Election and Term</U>.
The officers of the Company shall be elected or appointed by the Board annually at the first meeting of the Board after the annual
meeting of the shareholders of the Company, or otherwise appointed as provided in this <U>Article V</U>. All Company officers shall
hold office until the meeting of the Board immediately following the annual meeting of Company shareholders next following their
election or appointment and until their successors shall have been elected or appointed and shall have qualified. Any officer of
the Company may be removed by the Board with or without cause. The Board may require any officer, employee, or agent of the Company
to give security for the faithful performance of his or her duties.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 5.3</U>.&nbsp; <U>Compensation</U>.
The compensation of the officers of the Company shall be fixed from time to time by the Board, or a duly appointed committee thereof;
<I>provided</I> that the Board may delegate to any officer the power to fix the compensation of any other officer(s) under his
or her control.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 5.4</U>. &nbsp;<U>Chairman of the Board</U>.
The Chairman of the Board shall have those powers and duties usually appertaining to his or her office, as well as such other powers
and duties as may be prescribed by the Board or these bylaws. The Chairman of the Board shall preside at all meetings of the Board
and all meetings of the shareholders of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 5.5</U>. &nbsp;<U>Vice-Chairman of
the Board</U>. The Vice-Chairman of the Board shall have those powers and duties usually appertaining to his or her office, as
well as such other powers and duties as may be prescribed by the Board or these bylaws. In the event of the Chairman&rsquo;s absence,
incapacity, or refusal to serve, the Vice-Chairman of the Board shall preside at all meetings of the Board and all meetings of
the shareholders of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 5.6</U>.&nbsp; <U>President</U>. The
President shall have those powers and duties usually appertaining to his or her office, as well as such other powers and duties
as may be prescribed by the Board or these bylaws.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 5.7</U>. &nbsp;<U>Chief Executive Officer</U>.
The Chief Executive Officer shall have those powers and duties usually appertaining to his or her office, as well as such other
powers and duties as may be prescribed by the Board or these bylaws. Subject to the control of the Board, the Chief Executive Officer
shall have general charge of the business and affairs of the Company and its internal operations and shall keep the Board fully
advised of the same. The Chief Executive Officer shall see that all orders and resolutions of the Board are carried into effect.
The Chief Executive Officer shall employ and discharge the employees and agents of the Company, except such as shall be retained
by the Board; <I>provided</I> that the Chief Executive Officer may from time to time delegate these powers.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 5.8</U>.&nbsp; <U>Secretary</U>. The
Secretary of the Company shall have charge of the minutes of all proceedings of the Board and the shareholders of the Company and
shall keep minutes of all meetings of the Board and the shareholders of the Company. Except as otherwise provided by these bylaws,
the Secretary shall give all notices required by these bylaws or applicable law to be given to the directors and/or shareholders
of the Company. The Secretary shall have charge of the seal of the Company, if any, and may affix the same to any documents or
instruments lawfully executed. The Secretary shall have charge of the record of shareholders of the Company and such other books,
records, and papers as the Board may direct. Subject to the control of the Board, the Secretary shall have all such other powers
and duties as generally are incident to the position of secretary or as may be assigned to the Secretary from time to time by the
Board or the President or Chief Executive Officer.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 5.9</U>.&nbsp; <U>Treasurer</U>. The
Treasurer shall have charge of all funds and securities of the Company, shall endorse the same for deposit or collection when necessary,
and deposit the same to the credit of the Company in such banks or depositaries as the Board may authorize. The Treasurer may endorse
all commercial documents requiring endorsements for or on behalf of the Company, may sign all receipts and all commercial documents
requiring endorsements for or on behalf of the Company, and may sign all receipts and vouchers for payments made to the Company.
The Treasurer shall have all such other powers and duties as generally are incident to the position of treasurer or as may be assigned
to the Treasurer from time to time by the Board or the President or Chief Executive Officer.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 5.10</U>. &nbsp;<U>Assistant Secretaries</U>.
Assistant Secretaries may be elected or appointed by the Board or appointed by the President or Chief Executive Officer. In the
event of the absence or inability to act of the Secretary, any Assistant Secretary may perform all of the duties and exercise all
of the powers of the Secretary, and the performance of any such duty by any such Assistant Secretary shall be conclusive evidence
of the Assistant Secretary&rsquo;s power to act. An Assistant Secretary shall also perform such other duties as the Secretary or
the Board may from time to time assign to him or her.</P>

<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">&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"><U>INDEMNIFICATION</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 6.1</U>. &nbsp;<U>Parties to Proceedings</U>.
Each person who was or is made a party<I> </I>or is threatened to be made a party to or is otherwise involved in any action, suit
or proceeding, whether civil, criminal, administrative or investigative (hereinafter a &ldquo;<U>Proceeding</U>&rdquo;), by reason
of the fact that they are or were a director, officer or employee of the Company or is or was serving at the request of the Company
as a director, officer or employee of another corporation or of a partnership, joint venture, trust or other enterprise, including
service with respect to employee benefit plans (hereinafter an &ldquo;<U>Indemnitee</U>&rdquo;), whether the basis of such proceeding
is alleged action in an official capacity as a director, officer or employee or in any other capacity while serving as a director,
officer or employee, shall be indemnified and held harmless by the Company to the fullest extent authorized by the Tennessee Business
Corporation Act, as the same exists or may hereinafter be amended (but, in the case of any such amendment, only to the extent that
such amendment permits the Company to provide broader indemnification rights than such law permitted the Company prior to such
amendment), against all expense, liability and loss (including, without limitation, attorneys&rsquo; fees, judgments, fines, ERISA
fines, excise taxes or penalties and amounts paid into settlement) reasonably incurred or suffered by such Indemnitee in connection
therewith and such indemnification shall continue as to an Indemnitee who has ceased to be a director, officer or employee and
shall inure to the benefit of the Indemnitee&rsquo;s heirs, executors and administrators; <I>provided</I>, <I>however</I>, that,
except as provided in <U>Section&nbsp;6.2</U> with respect to proceedings to enforce rights to indemnification, the Company shall
indemnify only if such proceeding (or part thereof) was authorized by the Board of the Company. The right to indemnification conferred
in this <U>Article&nbsp;VI</U> shall be a contract right and shall include the right to be paid by the Company the expenses incurred
in defending any such proceeding in advance of its final disposition (hereinafter an &ldquo;<U>Advancement of Expenses</U>&rdquo;);
<I>provided</I>, <I>however</I>, an Advancement of Expenses incurred by an Indemnitee in their capacity as a director, officer
or employee (and not in any other capacity in which service was or is rendered by such Indemnitee, including, without limitation,
service to any employee benefit plan) shall be made only upon delivery to the Company of an undertaking, by and on behalf of such
Indemnitee, to repay all amounts so advanced if it shall ultimately be determined by final judicial decision from which there is
no further right to appeal that such Indemnitee is not entitled to be indemnified for such expenses under this <U>Article&nbsp;VI</U>
or otherwise (hereinafter an &ldquo;<U>Undertaking</U>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 6.2</U>.&nbsp; <U>Claims</U>. If a
claim under <U>Section&nbsp;6.1</U> is not paid in full by the Company within 30 days after a written claim has been received by
the Company, except in the case of a claim for an Advancement of Expenses, in which case the applicable period shall be 10 days,
the Indemnitee may at any time thereafter bring suit against the Company to recover the unpaid amount of the claim. If successful
in whole or in part in any such suit or in a suit brought by the Company to recover an Advancement of Expenses pursuant to the
terms of an undertaking, the Indemnitee shall be entitled to be paid also the expense of prosecuting or defending such suit. In
(a) any suit brought by the Indemnitee to enforce a right of indemnification hereunder (but not in a suit brought by the Indemnitee
to enforce a right to an Advancement of Expenses), and (b) any suit brought by the Company to recover an Advancement of Expenses
upon a final adjudication, it shall be a defense that the Indemnitee has not met the applicable standard of conduct set forth in
the Tennessee Business Corporation Act. Neither the failure of the Company (including the Board, independent legal counsel or its
shareholders) to have made a determination prior to the commencement of such suit that indemnification of the Indemnitee is proper
in the circumstances and the Indemnitee has met the applicable standard of conduct set forth in the Tennessee Business Corporation
Act, nor an actual determination by the Company (including the Board, independent legal counsel or its shareholders) that the Indemnitee
has not met such applicable standard of conduct, shall create a presumption that the Indemnitee has not met such applicable standard
of conduct, or in the case of such suit brought by the Indemnitee, be a defense to such suit. In any suit brought by the Indemnitee
to enforce a right hereunder, or by the Company to recover an Advancement of Expenses pursuant to the terms of an Undertaking,
the burden of providing that the Indemnitee is not entitled to be indemnified or to such Advancement of Expenses under this <U>Article&nbsp;VI</U>
or otherwise shall be on the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 6.3</U>.&nbsp; <U>Non-Exclusivity of
Rights</U>. The rights to indemnification and to the advancement of expenses conferred in this <U>Article&nbsp;VI</U> shall not
be exclusive of any other right which any person may have or hereafter acquire under any statute, these bylaws, agreement, vote
of shareholders, disinterested directors or otherwise.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 6.4</U>.&nbsp; <U>Other Indemnification</U>.
The Company may, to the extent authorized from time to time by the Board, grant rights to indemnification and to the advancement
of expenses, to any agent of the Company to the fullest extent of the provisions of this <U>Article&nbsp;VI</U> with respect to
the indemnification and advancement of expenses of directors, officers and employees of the Company.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 6.5</U>.&nbsp; <U>Insurance</U>. The
Company may maintain insurance, at its expense, to protect itself and any individual who is or was a director, officer, employee
or agent of the Company, or who, while a director, officer, employee or agent of the Company, is or was serving at the request
of the Board as a director, officer, partner, trustee, employee or agent of another corporation, partnership, joint venture, trust,
employee benefit plan or other enterprise against any expense, liability or loss whether or not the Company would have the power
to indemnify such person against such expense, liability or loss under this <U>Article&nbsp;VI</U> or the Tennessee Business Corporation
Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section&nbsp;6.6</U>. &nbsp;<U>Regulatory Matters</U>.
Notwithstanding anything contained in these bylaws to the contrary, the Company shall indemnify permitted Indemnitees if all of
the following conditions are met:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Board determines in writing that the Indemnitee acted in good faith and in the best interest on the Company</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Board determines that the payment will not materially affect the safety and soundness of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
payment does not fall within a prohibited indemnification under state or federal law or regulation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Indemnitee agrees in writing to
reimburse the Company to the extent not covered by permissible insurance, for payments made in the event that an administrative
action brought by a state or federal banking regulator results in a final order or settlement in which the Indemnitee is assessed
a civil money penalty, is removed or prohibited from banking or is required, under a final order, to cease any action or take any
affirmative action.</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-top: 0pt; margin-bottom: 0pt; text-align: center">ARTICLE VII<BR>
<U>FISCAL YEAR</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The fiscal year of the Company shall be
as determined by the Board. In the absence of such a determination, the fiscal year of the Company shall be the calendar year.</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-top: 0pt; margin-bottom: 0pt; text-align: center">ARTICLE VIII</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">To the extent consistent with applicable
laws, rules, and regulations, including without limitation the Tennessee Business Corporation Act, the Board may declare, and the
Company may pay, such dividends upon the capital stock of the Company as the Board in its discretion may deem proper and consistent
with the affairs and the safe and sound operation of the Company.</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 9.1</U>. &nbsp;<U>Execution of Instruments</U>.
The President or Chief Executive Officer shall have the authority, to the extent otherwise consistent with these bylaws and applicable
law, to do and perform any and all corporate and official acts in carrying on the Company&rsquo;s business as such person(s) in
their discretion deem necessary or advisable, including without limitation the authority to make, execute, acknowledge, and deliver
deeds, mortgages, deeds of trust, releases, bills of sale, assignments, transfers, leases, powers of attorney or of substitution,
proxies to vote stock, and all other written instruments that may be necessary in the purchase, sale, lease, assignment, transfer,
management, or handling in any way of property of any kind held or controlled by the Company in any capacity. The enumeration in
this <U>Section&nbsp;9.1</U> of particular powers or authority shall not restrict in any way the general powers and authority of
the President or Chief Executive Officer. The Board may authorize any other officer(s) or agent(s) of the Company to enter into
any contract or execute and deliver any other document or instrument in the name of and on behalf of the Company, 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: 0.5in">&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 9.2</U>.&nbsp; <U>Receipts, Checks,
Drafts, Etc</U>. All checks, drafts, or other orders for the payment of money, notes, or other evidences of indebtedness issued
in the name of the Company shall be signed by such officer(s) or agent(s) of the Company as shall from time to time be determined
by resolution of the Board. The President, the Chief Executive Officer, and any other officer or employee of the Company designated
by the Board shall be authorized and empowered to, on behalf of the Company and in its name, endorse checks and warrants, to draw
drafts, and to give receipts for money due and payable to the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 9.3</U>. &nbsp;<U>Loans</U>. No loan
shall be contracted on behalf or in the name of the Company, and no negotiable paper shall be issued in its name, unless the same
shall have been authorized by the Board, which authority may be general or limited to specific instances.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 9.4</U>.&nbsp; <U>Corporate Seal</U>.
The Company may have a corporate seal, which shall be in such form as determined by the Board from time to time.</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">ARTICLE X</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section&nbsp;10.1</U>. &nbsp;<U>By Shareholders</U>.
These bylaws may be altered, modified, amended or repealed at any regular or special meeting of the shareholders, where a quorum
is present, called for that purpose, by the vote of those representing a majority of the common stock entitled to be voted at such
meeting, <I>provided</I> that notice of the proposed alteration, modification, amendment or repeal, if made at the special meeting,
must have been given to the shareholders with the notice of the special meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 10.2</U>.&nbsp; <U>By the Board</U>.
These bylaws may be altered, modified, amended or repealed, except for those sections relating to the duties, term of office and
indemnification of directors, at any regular or special meeting, where a quorum is present, of the Board of the Company with a
three-fourth&rsquo;s (3/4) vote.</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">ARTICLE XI</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If any provision of these bylaws is found
to be in violation of any state or federal law or regulation, including, without limitation, the Tennessee Business Corporation
Act, the provisions of such state or federal law or regulation shall govern the conduct of the business and affairs and governance
of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">ARTICLE XII<BR>
<U>VOTING SECURITIES HELD BY COMPANY</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Unless otherwise determined by the Board,
each of the President and the Chief Executive Officer shall have full power and authority, on behalf of the Company, to attend
any meeting of security holders of, and to take any action on written consent as a security holder of, other corporations, limited
liability companies, and other entities in which the Company may hold securities. In connection therewith, the President and Chief
Executive Officer shall possess and may exercise any and all rights and powers incident to the ownership of such securities which
the Company may possess. The Board may from time to time confer like powers and authority upon any other person(s).</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">ARTICLE XIII<BR>
<U>NOTICE BY ELECTRONIC TRANSMISSION</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><U>Section 13.1</U>.
&nbsp;<U>Notice by Electronic Transmission</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Without limiting the manner by which
notice otherwise may be given effectively to shareholders pursuant to the Tennessee Business Corporation Act, the charter of the
Company, or these bylaws, any notice to shareholders given by the Company shall be effective if given by a form of electronic transmission
consented to by the shareholder to whom the notice is given. Any such consent shall be revocable by the shareholder by written
notice to the Company. Any such consent shall be deemed revoked if (i) the Company is unable to deliver by electronic transmission
two consecutive notices given by the Company in accordance with such consent and (ii) such inability becomes known to the Secretary
of the Company or to the Company&rsquo;s transfer agent, or other person responsible for the giving of notice; <I>provided</I>,<I>
however</I>, that the inadvertent failure to treat such inability as a revocation shall not invalidate any meeting or other action.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
notice given in accordance with <U>Section&nbsp;13.1(a)</U> shall be deemed effectively given (i) if given by facsimile telecommunication,
when directed to a number at which the shareholder has consented to receive notice, (ii) if given by electronic mail, when directed
to an electronic mail address at which the shareholder has consented to receive notice, (iii) if given by a posting on an electronic
network together with separate notice to the shareholder of such specific posting, upon the later of (A) such posting and (B) the
giving of such separate notice, and (iv) if given by any other form of electronic transmission, when directed to the shareholder.
An affidavit of the Secretary or of the transfer agent or other agent of the Company that a notice has been given by a form of
electronic transmission shall, in the absence of fraud, be <I>prima facie</I> evidence of the facts stated therein.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Section 13.2</U>. <U>Definition of Electronic
Transmission</U>. For purposes of these bylaws, the term &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>

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

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