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<SEC-DOCUMENT>0000014707-08-000089.txt : 20081008
<SEC-HEADER>0000014707-08-000089.hdr.sgml : 20081008
<ACCEPTANCE-DATETIME>20081008153650
ACCESSION NUMBER:		0000014707-08-000089
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20081008
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20081008
DATE AS OF CHANGE:		20081008

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BROWN SHOE CO INC
		CENTRAL INDEX KEY:			0000014707
		STANDARD INDUSTRIAL CLASSIFICATION:	FOOTWEAR, (NO RUBBER) [3140]
		IRS NUMBER:				430197190
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-02191
		FILM NUMBER:		081114312

	BUSINESS ADDRESS:	
		STREET 1:		8300 MARYLAND AVE
		STREET 2:		P O BOX 29
		CITY:			ST LOUIS
		STATE:			MO
		ZIP:			63105
		BUSINESS PHONE:		3148544000

	MAIL ADDRESS:	
		STREET 1:		P O BOX 29
		CITY:			ST LOUIS
		STATE:			MO
		ZIP:			63166

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BROWN SHOE CO INC/
		DATE OF NAME CHANGE:	19990528

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BROWN GROUP INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BROWN SHOE CO INC
		DATE OF NAME CHANGE:	19720327
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
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Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions (<font style="DISPLAY: inline; FONT-STYLE: italic">see </font>General Instruction A.2.
below):</font></div>
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material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
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240.14d-2(b))</font></div>
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communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))</font></div><br>
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5.03.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Amendments
to Articles of Incorporation or Bylaws; Change in Fiscal Year.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
October 2, 2008, the Board of Directors of the Company adopted amendments to
Articles I and II to clarify and strengthen the advance notice bylaw protection
by, among other things, providing for expanded and updated information that may
be material to stockholders&#8217; evaluation of such proposals and nominees,
including, among other things, expanded disclosure regarding director nominees
and proponents&#8217; economic, voting and other interests and relationships,
including derivative, hedging or other similar transactions, related to the
Company and our shares, and Article V, Section 2(h) to&#160;provide for the
advancement of expenses to a former director. The Bylaws, as amended and
effective October 2, 2008, are included as Exhibit 3.1 to this Current Report on
Form 8-K and are incorporated by reference herein.</font></div>
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9.01&#160;&#160;Financial Statements and Exhibits.</font></font></div>
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herewith</font></div>
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Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly
authorized.</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">BROWN
      SHOE COMPANY, INC.</font></div>
            </td>
          </tr>
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            <td valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="11%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="54%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Registrant)</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="11%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="54%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr>
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      </font></td>
            <td valign="top" width="11%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="54%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
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      8, 2008</font></div>
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      </font></td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">/s/
      Michael I. Oberlander</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="11%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="54%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Michael
      I. Oberlander</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="11%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="54%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Senior
      Vice President, General Counsel and </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Corporate
      Secretary</font></div>
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INDEX</font></div>
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            <td style="WIDTH: 108pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">Exhibit&#160;
      Number</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;<font style="TEXT-DECORATION: underline">Description of
  Exhibit</font></font></td>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">3.1</font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Bylaws,
      effective as of October 2, 2008</font></div>
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<DESCRIPTION>EXHIBIT 3.1 - BYLAWS
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3.1</font></div>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
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SHOE COMPANY, INC.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">A New
York corporation</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">BYLAWS</font></div>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Effective:
October 2, 2008</font></div>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">of</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Brown
Shoe Company, Inc.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">_____________</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ARTICLE
I</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Meetings
of Stockholders</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Section
1.&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Annual
Meeting.</font>&#160;&#160;&#160;The annual meeting of the stockholders shall be
held at such place within or without the State of New York as may from time to
time be fixed by resolution of the Board of Directors on the fourth Thursday in
May in each and every year (or if said day be a legal holiday, then on the next
succeeding day not a legal holiday), at eleven o&#8217;clock in the forenoon;
provided, however, that the day and time fixed for such meeting in any year may
be changed by resolution of the Board of Directors to such other day not a legal
holiday and to such other time as the Board of Directors may deem desirable or
appropriate.&#160;&#160;If no other place for the annual meeting is determined
by the Board of Directors and specified in the notice of such meeting, the
annual meeting shall be held at the principal offices of the
Company.&#160;&#160;The annual meeting of stockholders shall be held for the
purpose of electing directors and transacting only such other business as may be
properly brought before the meeting.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Section
2.&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Notice of
Stockholder Business at Annual Meeting</font>.&#160;&#160;In addition to any
other requirements imposed by or pursuant to law, the Company&#8217;s Certificate of
Incorporation or these Bylaws (the compliance with which shall not affect the
requirements in this Section 2), in order to be properly brought before an
annual meeting, each item of business must be a proper matter for stockholder
action and must be (a) specified in the notice of meeting (or any supplement
thereto) given by or at the direction of the Board of Directors, the Chairman of
the Board, or the Chief Executive Officer, (b) otherwise properly brought before
the annual meeting by or at the direction of the Board of Directors, the
Chairman of the Board, or the Chief Executive Officer, or (c) subject to Article
II, Section 8 hereof, otherwise properly brought before the annual meeting by a
stockholder.&#160;&#160;For business to be properly brought before an annual
meeting by a stockholder, the stockholder must have given timely notice thereof
in writing to the Secretary of the Company, and such notice shall contain the
information required to be set forth therein pursuant to Section 9 of this
Article I.&#160;&#160;To be timely, a stockholder&#8217;s notice must be delivered to
or mailed and received at the principal executive offices of the Company, not
less than 90 days nor more than 120 days prior to the annual meeting; provided,
however, that in the event that less than 100 days&#8217; notice or prior public
disclosure of the date of the annual meeting is given or made to stockholders,
notice by the stockholder to be timely must be so received not later than the
close of business on the 10th day following the day on which such notice of the
date of the annual meeting was mailed or such public disclosure was made.
Notwithstanding anything in the Bylaws to the contrary, but subject to Article
II, Section 8 hereof, no business shall be conducted at an annual meeting except
in accordance with the procedures set forth in this Section 2.&#160;&#160;The
Chairman of an annual meeting shall, if the facts warrant, determine and declare
to the meeting that business was not properly brought before the annual meeting
in accordance with the provisions of this Section 2, and if he should so
determine, he shall so declare to the meeting and any such business not properly
brought before such meeting shall not be transacted.&#160;&#160;The Chairman of
an annual meeting shall have absolute authority to decide questions of
compliance with the foregoing procedures, and his or her ruling thereon shall be
final and conclusive.&#160;&#160;The provisions of this Section 2 shall also
govern what constitutes timely notice for purposes of Rule 14a-4(c) under the
Securities Exchange Act, as amended (the &#8220;Exchange Act&#8221;).&#160;&#160;The annual
meeting may be adjourned from time to time until its business is completed,
provided that in no event shall any adjournment or postponement of an annual
meeting or the public disclosure thereof commence a new time period for the
giving of a stockholder&#8217;s notice as described above.&#160;&#160;Notwithstanding
the foregoing provisions of this Section 2, a stockholder shall also comply with
all applicable requirements of the Exchange Act, and the rules and regulations
thereunder with respect to the matters set forth in this Section 2.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Section
3.&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic"> Special
Meetings</font>.&#160;&#160;&#160;Special meetings of the stockholders may be
held upon call by the majority of the Board of Directors, the Chairman of the
Board, or the Chief Executive Officer, at such time as may be fixed by the Board
of Directors, the Chairman of the Board, or the Chief Executive Officer, and at
such place within or without the State of New York as may be stated in the call
and notice. Only such business shall be conducted at a special meeting of the
stockholders as shall have been brought before the meeting in the call and
notice. The special meeting may be adjourned from time to time until its
business is completed.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Section
4.&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Notice of
Meetings</font>.&#160;&#160;&#160;Written notice of the time, place and purpose
or purposes of every meeting of stockholders, signed by the Chairman of the
Board or the Chief Executive Officer, the President or a Vice-President or the
Secretary or an Assistant Secretary, shall be served either personally, by mail
or electronically, not less than ten days nor more than sixty days before the
meeting, upon each stockholder of record entitled to vote at such meeting and
upon each other stockholder of record who, by reason of any action proposed at
such meeting, would be entitled to have his stock appraised if such action were
taken.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
mailed, such notice shall be directed to each stockholder at his address as it
appears on the stock book unless he shall have filed with the Secretary of the
Company a written request that notices intended for him be mailed to some other
address, in which case it shall be mailed to the address designated in such
request.&#160;&#160;Such further notice shall be given by mail, publication or
otherwise, as may be required by the Certificate of Incorporation of the Company
or by law.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Section
5.&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">
Quorum</font>.&#160;&#160;&#160;At every meeting of the stockholders, the
holders of record of shares entitled in the aggregate to a majority of the
number of votes which could at the time be cast by the holders of all shares of
the capital stock of the Company then outstanding and entitled to vote if all
such holders were present or represented at the meeting, shall constitute a
quorum, unless a different percentage shall be required by law, the Company&#8217;s
Certificate of Incorporation or these Bylaws.&#160;&#160;If at any meeting there
shall be no quorum, the holders of a majority of the shares of stock entitled to
vote so present or represented may adjourn the meeting from time to time,
without notice other than announcement at the meeting, until such quorum shall
have been obtained, when any business may be transacted which might have been
transacted at the meeting as first convened had there been a
quorum.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Section
6.&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">
Voting</font>.&#160;&#160;&#160;At all meetings of the stockholders, each holder
of record of outstanding shares of stock of the Company, entitled to vote
thereat, may so vote either in person or by proxy.&#160;&#160;A proxy may be
appointed either by instrument in writing executed by such holder or by his duly
authorized attorney, or by such others means, including the transmission of a
telegram, cablegram or other means of electronic transmission, such as telephone
and Internet, as may be authorized under the laws of the State of New
York.&#160;&#160;No proxy shall be valid after the expiration of eleven months
from the date of its execution or transmission unless the stockholder executing
or transmitting it shall have specified therein a longer time during which it is
to continue to force.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Section
7.&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic"> Record of
Stockholders</font>.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">a.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The Board
of Directors may prescribe a period, not exceeding sixty days nor less than ten
days prior to any meeting of the stockholders, during which no transfer of stock
on the books of the company may be made.&#160;&#160;In lieu of prohibiting the
transfer of stock as aforesaid, the Board of Directors may fix a day or hour,
not more than sixty days prior to the day of holding any meeting of
stockholders, as the time as of which stockholders entitled to notice of and to
vote at such meeting shall be determined, and all persons who were holders of
record of voting stock at such time, and no others, shall be entitled to notice
of and to vote at such meeting.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">b.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">A
complete list of the stockholders entitled to vote at such meeting shall be
prepared with the address of each stockholder and the number of shares held by
each, which list shall be produced and kept open at the time and place of the
meeting, and, upon request, shall be subject to the inspection of any
stockholder during the whole time of the meeting.&#160;&#160;Failure to comply
with the above requirements in respect of lists of stockholders shall not affect
the validity of any action taken at such meeting.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Section
8.&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Inspectors
of Election</font>.&#160;&#160;&#160;At all elections of directors by the
stockholders, the chairman of the meeting shall appoint two Inspectors of
Election.&#160;&#160;Before entering upon the discharge of his duties, each such
inspector shall take and subscribe an oath or affirmation faithfully to execute
the duties of inspector at such meeting as provided by law with strict
impartiality and according to the best of his ability and thereupon the
inspectors shall take charge of the polls and after the balloting shall make a
certificate of the result of the vote taken.&#160;&#160;No director or candidate
for the office of director shall be appointed such inspector.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Section
9.&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Required
Contents of Stockholders&#8217; Notice.</font>&#160;&#160;A stockholder&#8217;s notice to
the Secretary shall set forth as to each matter the stockholder proposes to
bring before the annual meeting (a) a brief description of the business desired
to be brought before such meeting and the reasons for conducting such business
at such meeting, (b) the name and address, as they appear on the Company&#8217;s
books, of the stockholder proposing such business, (c) the class and number of
shares of the Company which are beneficially owned by the stockholder and any
Associated Persons of such stockholder, (d) whether and the extent to which any
derivative, hedging or other transaction or series of transactions has been
entered into by or on behalf of such stockholder or any Associated Person, or
any other agreement, arrangement or understanding (including any long or short
position, swap transaction, or any pledging, borrowing or lending of shares of
the Company) that has been made and the extent to which such transaction or
transactions increase or decrease the voting power of such stockholder or any
Associated Person with respect to the Company&#8217;s securities, (e) any material
interest of the stockholder or any Associated Person in such business, and (f)
such other information regarding such stockholder, any Associated Person or such
business as would be required under the Exchange Act or Regulation 14A
thereunder or other applicable law if proxies were to be solicited in connection
therewith.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In the
case of a nomination for election to the Board of Directors, a stockholder&#8217;s
notice also shall set forth the information required by Article II, Section 8 of
these Bylaws.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Section
10.&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Definitions.</font>&#160;&#160;For
purposes of these Bylaws, (a) &#8220;public disclosure&#8221; shall mean disclosure in a
press release reported by the Dow Jones, Associated Press, Reuters or comparable
national news service, or in a document publicly filed by the Company with the
Securities and Exchange Commission pursuant to Section 13, 14 or 15(d) of the
Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;) and (b)
&#8220;Associated Person&#8221; of any stockholder means (i) any person controlling,
directly or indirectly, or acting in concert with, such stockholder, (ii) any
beneficial owner of shares of the Company owned of record or beneficially by
such stockholder and (iii) any person controlling, controlled by or under common
control with such Associated Person.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ARTICLE
II</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Directors</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Section
1.&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">
Number</font>.&#160;&#160;The number of directors within the maximum and minimum
limits provided for in the Certificate of Incorporation may be changed from time
to time by the stockholders or by the Board of Directors by an amendment to
these Bylaws.&#160;&#160;Subject to amendment of these Bylaws, as aforesaid, the
number of directors of the Company shall be thirteen.&#160;&#160;Such directors
shall be classified in respect of the time for which they shall severally hold
office, by dividing them into three classes, and shall be apportioned among the
classes as to make all classes as nearly equal in number as
possible.&#160;&#160;At each annual election, the successors of the directors of
the class whose term shall expire in that year shall be elected to hold office
for the term of three years so that the term of office of one class of directors
shall expire in each year.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 12pt"></font>Section 2.&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Meetings of the
Board</font>.&#160;&#160;&#160;Meetings of the Board of Directors shall be held
at such place within or without the State of New York as may from time to time
be fixed by resolution of the Board, or as may be specified in the call of any
meeting.&#160;&#160;Regular meetings of the Board of Directors shall be held at
such times as may from time to time be fixed by resolution of the
Board.&#160;&#160;Notice need not be given of the regular meetings of the Board
held at times fixed by resolution of the Board.&#160;&#160;Special meetings of
the Board may be held at any time upon the call of the Chairman of the Board or
any two directors by (i) facsimile or electronic notice, duly sent to, or
written notice, duly served in person on each director, in either case not less
than forty-eight hours before such meeting or (ii) written notice, duly sent to
each director not less than three days before such meeting.&#160;&#160;Special
meetings of the Board of Directors may be held without notice, if all of the
directors are present or if those not present waive notice of the meeting in
writing.&#160;&#160;Any one or more of the directors may participate in a
meeting of the Board of Directors by means of a conference telephone or similar
communications equipment allowing all persons participating in the meeting to
hear each other at the same time.&#160;&#160;Participation by such means shall
constitute presence in person at a meeting.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 12pt"></font>Section 3.&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Quorum</font>.&#160;&#160;&#160;The
attendance of a majority of the Board of Directors shall be necessary to
constitute a quorum for the transaction of business, and the acts of a majority
of the Directors present at a meeting at which a quorum is present shall be the
acts of the Board of Directors, except as otherwise may be specifically provided
by law or by the Company&#8217;s Certificate of Incorporation.&#160;&#160;If a quorum
shall not be present at any meeting of the Board of Directors, the Directors
present thereat may adjourn the meeting from time to time, without notice other
than announcement at the meeting, until a quorum shall be present.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 12pt"></font>Section 4.&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Vacancies</font>.&#160;&#160;&#160;Vacancies
in the Board of Directors may be filled by a vote of a majority of the directors
in office even though less than a quorum; provided that, in case of an increase
in the number of directors pursuant to an amendment of these Bylaws made by the
stockholders, the stockholders may fill the vacancy or vacancies so created at
the meeting at which the bylaw amendment is effected.&#160;&#160;The directors
so chosen shall hold office, unless they are removed therefrom by the
stockholders, for the unexpired portion of the term of the directors whose place
shall be vacant and until the election of their successors.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 12pt"></font>Section 5.&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Resignations</font>.&#160;&#160;&#160;Any
director of the Company may resign at any time by giving written notice to the
Chairman of the Board or to the Secretary of the Company.&#160;&#160;Such
resignation shall take effect at the time specified therein; and unless
otherwise specified therein the acceptance of such resignation shall not be
necessary to make it effective.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 12pt"></font>Section 6.&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Organization</font>.&#160;&#160;&#160;The
Board of Directors shall have general power to direct the management of the
business and affairs of the Company, and may adopt such rules and regulations as
they shall deem proper, not inconsistent with law or with these Bylaws, for the
conduct of their meetings and for the management of the business and affairs of
the Company.&#160;&#160;Directors need not be stockholders.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>Section 7.&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Compensation</font>.&#160;&#160;&#160;Directors,
as such, shall not receive any stated salary for their services, but by
resolution of the Board, a fixed sum and expenses of attendance, if any, may be
allowed for attendance at each regular or special meeting of the Board, and
directors shall be entitled to compensation other than a stated salary in such
form and in such amounts as the Board may determine.&#160;&#160;However, this
Bylaw shall not be construed to preclude any director from serving in any other
capacity and receiving compensation therefor.&#160;&#160;Members of the
Executive Committee and all other committees may be allowed a fixed sum and
expenses of attendance, if any, for attendance at committee meetings, and such
other compensation in such forms and in such amounts as the Board may
determine.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 12pt"></font>Section 8.&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Notice and Qualification of
Stockholder Nominees to Board of Directors</font>.&#160;&#160;Only persons who
are nominated in accordance with procedures set forth in this Section 8 shall be
qualified for election as Directors.&#160;&#160;Nominations of persons for
election to the Board of Directors of the Company may be made by or at the
direction of the Board of Directors or by any stockholder of the Company
entitled to vote for the election of Directors at the meeting who complies with
the procedures set forth in this Section 8.&#160;&#160;In addition to any other
requirements imposed by or pursuant to law, the Company&#8217;s Certificate of
Incorporation or these Bylaws (the compliance with which shall not affect the
requirements of this Section 8), in order for persons nominated to the Board of
Directors, other than those persons nominated by or at the direction of the
Board of Directors, to be qualified to serve on the Board of Directors, such
nomination shall be made pursuant to timely notice in writing to the Secretary
of the Company, and such notice shall contain the information required to be set
forth therein pursuant to Article I, Section 9.&#160;&#160;To be timely, a
stockholder&#8217;s notice shall be delivered to or mailed and received at the
principal executive offices of the Company not less than 90 days nor more than
120 days prior to the meeting; provided, however, that in the event that less
than 100 days&#8217; notice or prior public disclosure of the date of the meeting is
given or made to stockholders, notice by the stockholder to be timely must be so
received not later than the close of business on the 10th day following the day
on which such notice of the date of the meeting was mailed or such public
disclosure was made.&#160;&#160;Such stockholder&#8217;s notice also shall set forth
(a) as to each person whom the stockholder proposes to nominate for election or
re-election as a Director (i) the name, age, business address and residence
address of such person, (ii) the principal occupation or employment of such
person, (iii) the class and number of shares of the Company which are
beneficially owned by such person and his or her Associated Persons, (iv)
whether and the extent to which any derivative, hedging or other transaction or
series of transactions has been entered into or any other agreement, arrangement
or understanding (including any long or short position, swap transaction, or any
pledging, borrowing or lending of shares of stock) has been made by or behalf of
such person or any Associated Person of such person, (v) any relationship or
other arrangement that such person or any Associated Person or such person may
have with the stockholder giving notice, and (vi) any other information relating
to such person that is required to be disclosed in solicitation of proxies for
election of Directors, or is otherwise required, in each case pursuant to
Regulation 14A under the Exchange Act (including without limitation such
person&#8217;s written consent to be named in the proxy statement as a nominee and to
serving as a Director if elected). At the request of the Board of Directors, any
person nominated by the Board of Directors for election as a Director shall
furnish to the Secretary of the Company that information required to be set
forth in a stockholder&#8217;s notice of nomination which pertains to the
nominee.&#160;&#160;No person shall be qualified for election as a Director of
the Company unless nominated in accordance with the procedure set forth in this
Section 8.&#160;&#160;The Chairman of the meeting shall, if the facts warrant,
determine and declare to the meeting that a nomination was not made in
accordance with procedures prescribed by the Bylaws, and if he should so
determine, he shall so declare to the meeting, and the defective nomination
shall be disregarded.&#160;&#160;The Chairman of a meeting shall have absolute
authority to decide questions of compliance with the foregoing procedures, and
his or her ruling thereon shall be final and
conclusive.&#160;&#160;Notwithstanding the foregoing provisions of this Section
8, a stockholder shall also comply with all applicable requirements of the
Exchange Act, and the rules and regulations thereunder with respect to the
matters set forth in this Section 8.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ARTICLE
III</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Committees</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 12pt"></font>Section 1.&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Executive
Committee</font>.&#160;&#160;&#160;The Board of Directors may, by resolution
passed by a majority of the whole Board, designate an Executive Committee to
consist of three or more of the directors, including the Chairman of the Board
ex-officio, one of whom shall be designated Chairman of the Executive
Committee.&#160;&#160;A majority of the members of the Executive Committee shall
be non-employee Directors.&#160;&#160;The Executive Committee shall have and may
exercise, so far as may be permitted by law, all of the powers of the Board in
the direction of the management of the business and affairs of the Company
during the intervals between meetings of the Board of Directors; but the
Executive Committee shall not have the power to fill vacancies in the Board, or
to change the membership of, or to fill vacancies in, the Executive Committee,
or to make or amend bylaws of the Company.&#160;&#160;The Board shall have the
power at any time to fill vacancies in, to change the membership of, or to
dissolve, the Executive Committee.&#160;&#160;The Executive Committee may hold
meetings and make rules for the conduct of its business and appoint such
committees and assistants as it shall from time to time deem
necessary.&#160;&#160;A majority of the members of the Executive Committee shall
constitute a quorum.&#160;&#160;All action of the Executive Committee shall be
reported to the Board at its meeting next succeeding such action.&#160;&#160;Any
one or more members of the Executive Committee may participate in a meeting of
the Executive Committee by means of a conference telephone or similar
communications equipment allowing all persons participating in the meeting to
hear each other at the same time.&#160;&#160;Participation by such means shall
constitute presence in person at a meeting.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 12pt"></font>Section 2.&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Other
Committees</font>.&#160;&#160;&#160;The Board of Directors may, in its
discretion, by resolution, appoint other committees, composed of two or more
members, which shall have and may exercise such powers as shall be conferred or
authorized by the resolution appointing them.&#160;&#160;A majority of any such
committee may determine its action and fix the time and place of its meetings,
unless the Board of Directors shall otherwise provide.&#160;&#160;The Board
shall have power at any time to change the membership of any such committee, to
fill vacancies, and to discharge any such committee.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Section
3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Committees- General
Rules</font>.&#160;&#160;&#160;Each Committee of the Board of Directors shall
keep regular minutes of its proceedings and report the same to the Board of
Directors when required.&#160;&#160;Vacancies in the membership of each
Committee shall be filled by the Board of Directors at any regular or special
meeting of the Board of Directors.&#160;&#160;A Director who may be
disqualified, by reason of personal interest, from voting on any particular
matter before a meeting of a Committee may nevertheless be counted for the
purpose of constituting a quorum of the Committee.&#160;&#160;At all meetings of
a Committee, a majority of the Committee members then in office shall constitute
a quorum for the purpose of transacting business, and the acts of a majority of
the Committee members present at any meeting at which there is a quorum shall be
the acts of the Committee.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ARTICLE
IV</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Officers</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 12pt"></font>Section 1.&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Officers</font>.&#160;&#160;&#160;The
Board of Directors, as soon as may be after the election of directors held in
each year, shall elect a Chairman of the Board of Directors, a Chief Executive
Officer, a President, one or more Vice-Presidents, a Secretary, and a Treasurer,
and from time to time may appoint such Assistant Secretaries, Assistant
Treasurers and such other officers, agents and employees as it may deem
proper.&#160;&#160;Any two of such offices, except that of President and
Secretary, may be held by the same person.&#160;&#160;The Chairman of the Board
shall be chosen from among the directors, but no other officer need be a
director.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 12pt"></font>Section 2.&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic"> Term of
Office</font>.&#160;&#160;&#160;The term of office of all officers shall be one
year or until their respective successors are chosen and qualified; but at any
meeting the Board may suspend or remove any one or more of the officers for a
cause satisfactory to the Board, and the action thus taken shall be
conclusive.&#160;&#160;In the event of the suspension of an officer, the Board
shall fix the term of such suspension.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 12pt"></font>Section 3.&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Powers and
Duties</font>.&#160;&#160;&#160;The officers, agents and employees of the
Company shall each have such powers and duties in the management of the property
and affairs of the Company, subject to the control of the Board of Directors, as
generally pertain to their respective offices, as well as such powers and duties
as from time to time may be prescribed by the Board of Directors.&#160;&#160;The
Board of Directors may require any such officer, agent or employee to give
security for the faithful performance of his duties.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ARTICLE
V</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Powers
to Contract; Indemnification</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>Section 1.&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Contracts</font>.&#160;&#160;&#160;All
contracts and agreements purporting to be the act of this Company shall be
signed by the Chairman of the Board, Chief Executive Officer, President, or by a
Vice-President, or by such other officer or other person as may be designated by
the Board of Directors or Executive Committee or the Chairman of the Board,
Chief Executive Officer, President or by a Vice-President in order that the same
shall be binding upon the Company.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 12pt"></font>Section 2.&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Indemnification</font>.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 12pt"></font>a.&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Actions Involving Directors and
Officers</font>.&#160;&#160;&#160;The Company shall indemnify each person who at
any time is serving or has served as a director or officer of the Company or at
the request of the Company is serving or has served as a director or officer (or
in a similar capacity) of any other corporation, partnership, joint venture,
trust, employee benefit plan or other enterprise, against any claim, liability
or expense incurred as a result of such service, to the maximum extent permitted
by law.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 12pt"></font>b.&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Actions Involving Employees or
Agents</font>.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 30pt"></font>1.&#160;&#160;&#160;&#160;&#160;&#160;The
Company may, if it deems appropriate, indemnify any person who at any time is or
has been an employee or agent of the Company or who at the request of the
Company is or has been an employee or agent of any other corporation,
partnership, joint venture, trust, employee benefit plan or other enterprise,
against any claim, liability or expense incurred as a result of such service, to
the maximum extent permitted by law or to such lesser extent as the Company, in
its discretion, may deem appropriate.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 30pt"></font>2.&#160;&#160;&#160;&#160;&#160;&#160;To the
extent that any person referred to in subsection 2(b) of this Section 2 has been
successful, on the merits or otherwise, in the defense of a civil or criminal
proceeding arising out of the services referred to therein, he shall be entitled
to indemnification as authorized in such subsection.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 12pt"></font>c.&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Advance Payment of
Expenses</font>.&#160;&#160;&#160;Expenses incurred by a person who is or was a
director or officer of the Company or who is or was at the request of the
Company serving as a director or officer (or in a similar capacity) of any other
corporation, partnership, joint venture, trust, employee benefit plan or other
enterprise, in defending a civil or criminal action or proceeding shall be paid
by the Company in advance of the final disposition of such action or proceeding,
and expenses incurred by a person who is or was an employee or agent of the
Company or who is or was at the request of the Company serving as an employee or
agent of any other corporation, partnership, joint venture, trust, employee
benefit plan or other enterprise, in defending a civil or criminal action or
proceeding may be paid by the Company in advance of the final disposition of
such action or proceeding as authorized by the Board of Directors, in either
case upon receipt of an undertaking by or on behalf of the director, officer,
employee or agent to repay such amounts as, and to the extent, required by
law.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 12pt"></font>d.&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Not
exclusive</font>.&#160;&#160;&#160;The indemnification and advancement of
expenses provided or permitted by this Section 2 shall not be deemed exclusive
of any other rights to which any person who is or was a director, officer,
employee or agent of the Company or who is or was at the request of the Company
serving as a director or officer (or in a similar capacity), employee or agent
of any other corporation, partnership, joint venture, trust, employee benefit
plan or other enterprise may be entitled, whether pursuant to the Company&#8217;s
Certificate of Incorporation, Bylaws, the terms of any resolution of the
stockholders or Board of Directors of the Company, any agreement or contract or
otherwise, both as to action in an official capacity and as to action in another
capacity while holding such office.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 12pt"></font>e.&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Indemnification Agreements
Authorized</font>.&#160;&#160;Without limiting the other provisions of this
Section 2, the Company is authorized from time to time to enter into agreements
with any director, officer, employee or agent of the Company or with any person
who at the request of the Company is serving as a director or officer (or in a
similar capacity), employee or agent of any other corporation, partnership,
joint venture, trust, employee benefit plan or other enterprise, providing such
rights of indemnification as the Board of Directors may deem appropriate, up to
the maximum extent permitted by law; provided that any such agreement with a
director or officer of the Company shall not provide for indemnification of such
director or officer if a judgment or other final adjudication adverse to the
director or officer establishes that his acts were committed in bad faith or
were the result of active and deliberate dishonesty and were material to the
cause of action so adjudicated, or that he personally gained in fact a financial
profit or other advantage to which he was not legally entitled.&#160;&#160;Any
such agreement entered into by the Company with a director may be authorized by
the other directors, and such authorization shall not be invalid on the basis
that similar agreements may have been or may thereafter be entered into with
such other directors.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 12pt"></font>f.&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Insurance</font>.&#160;&#160;The
Company may purchase and maintain insurance to indemnify itself or any person
who is or was a director, officer, employee or agent of the Company or who is or
was at the request of the Company serving as a director or officer (or in a
similar capacity), employee or agent of any other corporation, partnership,
joint venture, trust, employee benefit plan or other enterprise, to the maximum
extent allowed by law, whether or not the Company would have the power to
indemnify such person under the provisions of this Section 2.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 12pt"></font>g.&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Certain
Definitions</font>.&#160;&#160;For the purposes of this Section 2:</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 30pt"></font>1.&#160;&#160;&#160;&#160;&#160;&#160;Any
director or officer of the Company who shall serve as a director or officer (or
in a similar capacity), employee or agent of any other corporation, partnership,
joint venture, trust or other enterprise of which the Company, directly or
indirectly, is or was the owner of a majority of either the outstanding equity
interests or the outstanding voting stock (or comparable interests) shall be
deemed to be serving as such director or officer (or in a similar capacity),
employee or agent at the request of the Company, unless the Board of Directors
of the Company shall determine otherwise.&#160;&#160;In all other instances
where any person shall serve as a director or officer (or in a similar
capacity), employee or agent of another corporation, partnership, joint venture,
trust or other enterprise of which the Company is or was a stockholder or
creditor, or in which it is or was otherwise interested, if it is not otherwise
established that such person is or was serving as such director or officer (or
in a similar capacity), employee or agent at the request of the Company, the
Board of Directors of the Company may determine whether such service is or was
at the request of the Company, and it shall not be necessary to show any actual
or prior request for such service.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 30pt"></font>2.&#160;&#160;&#160;&#160;&#160;&#160;A
corporation shall be deemed to have requested a person to serve an employee
benefit plan where the performance by such person of his duties to the
corporation also imposes duties on, or otherwise involves services by, such
person to the plan or participants or beneficiaries of the plan; excise taxes
assessed on a person with respect to an employee benefit plan pursuant to
applicable law shall be considered fines; and action taken or omitted by a
person with respect to an employee benefit plan in the performance of such
person&#8217;s duties for a purpose reasonably believed by such person to be in the
interest of the participants and beneficiaries of the plan shall be deemed to be
for a purpose which is not opposed to the best interests of the
corporation.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 30pt"></font>3.&#160;&#160;&#160;&#160;&#160;&#160;References
to a corporation include all constituent corporations absorbed in a
consolidation or merger as well as the resulting or surviving corporation so
that any person who is or was a director, officer, employee or agent of such a
constituent corporation or is or was serving at the request of such constituent
corporation as a director or officer (or in a similar capacity), employee or
agent of another corporation, partnership, joint venture, trust, employee
benefit plan or other enterprise shall stand in the same position under the
provisions of this Section 2 with respect to the resulting or surviving
corporation as he would if he had served the resulting or surviving corporation
in the same capacity.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>h.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Survival</font>.&#160;&#160;Any
rights provided under or granted pursuant to this Section 2, including, without
limitation, paragraphs (a) and (c) of this Section 2, shall continue as to a
person who has ceased to be a director, officer, employee or agent and shall
inure to the benefit of the heirs, executors and administrators of such a
person.&#160;&#160;Rights provided under or granted pursuant to this Section 2
including, without limitation, paragraphs (a) and (c) of this Section 2, shall
survive amendment or repeal of this Section 2 with respect to any acts or
omissions occurring prior to such amendment or repeal and persons to whom such
rights are given shall be entitled to rely upon such rights as a binding
contract with the Company.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ARTICLE
VI</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Capital
Stock</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 12pt"></font>Section 1.&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic"> Stock Certificates and
Uncertificated Shares</font>.&#160;&#160;&#160;The interest of each stockholder
shall be evidenced by a certificate or certificates for shares of stock of the
Company in such form as the Board of Directors may from time to time prescribe
or by uncertificated shares.&#160;&#160;The certificates of stock shall be
signed by the Chairman of the Board or the Chief Executive Officer or the
President or a Vice-President and the Treasurer or an Assistant Treasurer or the
Secretary or an Assistant Secretary and sealed with the seal of the Company, and
shall be countersigned and registered in such manner, if any, as the Board may
by resolution prescribe; provided that, in case such certificates are required
by such resolution to be signed by a Transfer Agent or Transfer Clerk and by a
Registrar, the signatures of the&#160;&#160;Chairman of the Board or the Chief
Executive Officer or the President or a Vice-President and the Treasurer or an
Assistant Treasurer or the Secretary or an Assistant Secretary and the seal of
the Company upon such certificates may be facsimiles, engraved or
printed.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 12pt"></font>Section 2.&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Transfers</font>.&#160;&#160;Shares
in the capital stock of the Company shall be transferred only on the books of
the Company, by the holder thereof in person or by his attorney, upon (i)
surrender for cancellation of certificates for the same number of shares, with
an assignment and power of transfer endorsed thereon or attached thereto, duly
executed, with such proof of the authenticity of the signature as the Company or
its agents may reasonably require in the case of shares evidenced by a
certificate or certificates or (ii) receipt of transfer documentation reasonably
acceptable to the Company and its agents in the case of uncertificated
shares.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 12pt"></font>Section 3.&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Lost or Destroyed Stock
Certificates</font>.&#160;&#160;The Company may issue a new certificate or
uncertificated shares in place of any certificate theretofore issued by it that
is alleged to have been lost stolen or destroyed.&#160;&#160;No certificates for
shares of stock of the Company or uncertificated shares shall be issued in place
of any certificate alleged to have been lost, stolen or destroyed, except upon
production of such evidence of the loss, theft or destruction and upon
indemnification of the Company and its agents to such extent and in such manner
as the Board of Directors may from time to time prescribe.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ARTICLE
VII</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Checks,
Notes, etc.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>All checks and drafts on the
Company&#8217;s bank accounts and all bills of exchange and promissory notes and all
acceptances, obligations and other instruments for the payment of money, shall
be signed by the Chairman of the Board, Chief Executive Officer, President, or a
Vice-President, or the Treasurer, or by such other officer or officers or agent
or agents as shall be thereunto authorized from time to time by the Board of
Directors.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ARTICLE
VIII</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Fiscal
Year</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 12pt"></font>The fiscal year of the Company shall be
determined as ending on the Saturday nearest to each January thirty-first, and
each ensuing fiscal year shall commence on the day following the ending date of
the immediately preceding fiscal year as so determined.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ARTICLE
IX</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Corporate
Seal</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 12pt"></font>The corporate seal shall have inscribed
thereon the name of the Company and the words &#8220;New York&#8221;, arranged in a circular
form around the words and figures &#8220;Corporate Seal 1913&#8221;.&#160;&#160;In lieu of
the corporate seal, a facsimile thereof may be impressed or affixed or
reproduced.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ARTICLE
X</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Amendments</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>The Bylaws of the Company may be
amended, added to, rescinded or repealed at any meeting of the stockholders by
the vote of the holders of record of shares entitled in the aggregate to more
than a majority of the number of votes which could at the time be cast by the
holders of all shares of the capital stock of the Company then outstanding and
entitled to vote if all such holders were present or represented at the meeting,
provided notice of the proposed change is given in the notice of the
meeting.&#160;&#160;The Board of Directors may from time to time, by vote of a
majority of the Board, amend these Bylaws or make additional bylaws for the
Company at any regular or special meeting at which notice of the proposed change
is given, subject, however, to the power of the stockholders to alter, amend, or
repeal any bylaws made by the Board of Directors.</font></div><br>
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