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<SEC-DOCUMENT>0001157523-08-009731.txt : 20081208
<SEC-HEADER>0001157523-08-009731.hdr.sgml : 20081208
<ACCEPTANCE-DATETIME>20081208161528
ACCESSION NUMBER:		0001157523-08-009731
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20081202
ITEM INFORMATION:		Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20081208
DATE AS OF CHANGE:		20081208

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KOPIN CORP
		CENTRAL INDEX KEY:			0000771266
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				042833935
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-19882
		FILM NUMBER:		081236038

	BUSINESS ADDRESS:	
		STREET 1:		695 MYLES STANDISH BLVD
		CITY:			TAUNTON
		STATE:			MA
		ZIP:			02780
		BUSINESS PHONE:		5088246696
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a5848562.htm
<DESCRIPTION>KOPIN CORPORATION 8-K
<TEXT>
<html>
  <head>
    <title></title>
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  <body style="font-size: 10pt; font-family: Times New Roman">
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>UNITED
      STATES</b></font><b><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-size: 12pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 12pt">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><font style="font-family: Times New Roman; font-size: 12pt"><b>WASHINGTON,
      DC 20549</b></font><br><font style="font-family: Times New Roman">______________</font><br>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>FORM 8-K</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>
      PURSUANT&#160;TO&#160;SECTION&#160;13 OR 15(D) OF&#160;THE</b></font><br><font style="font-size: 12pt; font-family: Times New Roman">
      SECURITIES&#160;EXCHANGE&#160;ACT&#160;OF 1934</font><br><br><font style="font-size: 10pt; font-family: Times New Roman">Date
      of Report (Date of Earliest Event Reported) </font><font style="font-size: 10pt; font-family: Times New Roman"><b>December
      2, 2008</b></font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>KOPIN&#160;CORPORATION</b></font><br><font style="font-size: 10pt; font-family: Times New Roman">(Exact
      Name of Registrant as Specified in Charter)</font><br><br><br>
    </p>
    <div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-family: Times New Roman; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center; width: 33%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 34%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>000-19882</b>
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 33%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>04-2833935</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center; width: 33%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (State or Other Jurisdiction of<br>Incorporation)
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: center; width: 34%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission File Number)
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: center; width: 33%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (IRS Employer Identification<br>No.)
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-family: Times New Roman; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>200 John Hancock Road, Taunton, MA &#160;&#160;02780</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman">(Address
            of Principal Executive Offices)&#160;&#160;&#160;(Zip Code)</font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <u>(508) 824-6696</u><br>(Registrant's telephone number, including area
      code)<br><br><b>N/A</b><br>(Former name or former address, if changed
      since last report)<br><br>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions (see General Instruction A.2 below):</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman"><b>Item
      5.02. Departure of Directors or Certain Officers; Election of Directors;
      Appointment of Certain Officers; Compensatory Arrangements of Certain
      Officers.</b></font>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt; font-family: Times New Roman">
      On December&#160;2, 2008, the Board of Directors of Kopin Corporation (the
      &#8220;Company&#8221;) approved the adoption of the Company&#8217;s 2009 Incentive Plan
      effective as of December 28, 2008. The Company&#8217;s 2009 Incentive Plan
      acts as an incentive plan for the Company&#8217;s fiscal year ending
      December&#160;26, 2009. Pursuant to this 2009 Incentive Plan, certain
      officers and employees of the Company are eligible to earn incentive
      compensation if the Company achieves certain financial milestones (the
      &#8220;Financial Milestones&#8221;) as adopted by the Company&#8217;s Compensation
      Committee. The purpose of the 2009 Incentive Plan is to further align
      the interest of management and shareholders by providing employees
      higher levels of compensation for meeting or exceeding the financial
      milestones. The 2009 Incentive Plan has a cash bonus if the minimum
      Financial Milestones are achieved and is designed to pay out
      approximately 35% of amounts earned in cash and 65% in restricted common
      stock of the Company for incremental amounts earned above the minimum;
      however if the Company is unable to issue common stock, the amounts
      earned may be paid out solely in the form of cash. The incentive
      compensation may be earned if the product line a participant works for
      meets its respective milestone even if the other product lines of the
      Company do not meet its respective milestones. Drs. Fan and Choi and
      Mr.&#160;Sneider will earn 50% of their incentive compensation based on the
      results of the Display product line and 50% upon the results of the
      III-V product line.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      Pursuant to the 2009 Incentive Plan, on December&#160;2, 2008, the Company
      granted to its executive officers (the &#8220;Officers&#8221;) restricted stock
      awards as set forth in the table below. In addition to meeting the
      Financial Milestones, these shares of restricted stock will vest as
      follows: (i) 50% of the restricted stock will vest if the employee is
      employed by the Company from December 28, 2008 through December 26,
      2009, and (ii) the remaining 50% of the restricted stock will vest if
      the employee remains employed by the Company from December 28, 2008
      through December 11, 2010.&#160;&#160;The Company shall determine if the Financial
      Milestones have been met based on its financial results for the year
      ended December 26, 2009.&#160;&#160;
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      The table below provides the potential range of awards that the Officers
      may be eligible to earn under the 2009 Incentive Plan. The table does
      not include amounts that will be paid as part of the Officer&#8217;s annual
      salary, amounts that can be earned under previous equity awards or any
      additional awards the Compensation Committee may grant at year end.
      Column A is the approximate cash bonus if the minimum Financial
      Milestones are achieved, column B shows the maximum cash bonus that will
      be paid if all Financial Milestones are achieved, column C shows the
      number of restricted shares of the Company&#8217;s common stock which can be
      earned if all Financial Milestones are achieved and column D is an
      estimate of the total incentive compensation an Officer could earn if
      all Financial Milestones are achieved. The total incentive compensation
      is computed as the sum of the incentive compensation maximum amount to
      be paid in cash plus the value of the restricted common stock earned
      under the 2009 Incentive Plan. The value of the restricted common stock
      was computed as the maximum number of shares an Officer could earn
      multiplied by $1.78 the closing stock price on December 2, 2008. The
      value of the restricted common stock is an approximation of the expense
      the Company would record as a result of the 2009 Incentive Plan. The
      actual value to the Officer is dependent on the Company&#8217;s common stock
      price on the day the restrictions on the common stock lapse.&#160;&#160;
    </p>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-family: Times New Roman; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="width: 20%">

        </td>
        <td style="width: 2%">
          &#160;
        </td>
        <td style="width: 18%">

        </td>
        <td style="width: 2%">
          &#160;
        </td>
        <td style="width: 18%">

        </td>
        <td style="width: 2%">
          &#160;
        </td>
        <td style="width: 18%">

        </td>
        <td style="width: 2%">
          &#160;
        </td>
        <td style="width: 18%">

        </td>
      </tr>
      <tr>
        <td style="border-bottom: solid black 1.0pt; padding-left: 0.0px; text-align: center; width: 20%" valign="bottom">
          <b>Officer</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="border-bottom: solid black 1.0pt; padding-left: 0.0px; text-align: center; width: 18%" valign="bottom">
          <b>A</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="border-bottom: solid black 1.0pt; padding-left: 0.0px; text-align: center; width: 18%" valign="bottom">
          <b>B</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="border-bottom: solid black 1.0pt; padding-left: 0.0px; text-align: center; width: 18%" valign="bottom">
          <b>C</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%; padding-bottom: 2.0px" valign="bottom">

        </td>
        <td style="border-bottom: solid black 1.0pt; padding-left: 0.0px; text-align: center; width: 18%" valign="bottom">
          <b>D</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center; width: 20%" valign="top">
          Dr. Fan
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 18%" valign="bottom">
          $100,000
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 18%" valign="bottom">
          $50,846
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 18%" valign="bottom">
          50,768
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 18%" valign="bottom">
          $141,214
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center; width: 20%" valign="top">
          Mr. Sneider
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 18%" valign="bottom">
          $25,000
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 18%" valign="bottom">
          $25,319
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 18%" valign="bottom">
          25,280
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 18%" valign="bottom">
          $70,318
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center; width: 20%" valign="top">
          Dr. Tsaur
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 18%" valign="bottom">
          $25,000
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 18%" valign="bottom">
          $29,229
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 18%" valign="bottom">
          29,184
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 18%" valign="bottom">
          $81,175
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center; width: 20%" valign="top">
          Dr. Choi
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 18%" valign="bottom">
          $25,000
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 18%" valign="bottom">
          $19,689
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 18%" valign="bottom">
          19,659
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 18%" valign="bottom">
          $54,682
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center; width: 20%" valign="top">
          Mr. Hill
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 18%" valign="bottom">
          $25,000
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 18%" valign="bottom">
          $23,219
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 18%" valign="bottom">
          23,183
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 18%" valign="bottom">
          $64,485
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center; width: 20%" valign="top">
          Mr. Presz
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 18%" valign="bottom">
          $25,000
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 18%" valign="bottom">
          $18,989
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 18%" valign="bottom">
          18,960
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 18%" valign="bottom">
          $52,738
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: left">

    </p>
    <p style="text-indent: 30.0px; text-align: left">
      On the date that the Company files its Form 10-K for the year ended
      December 27, 2008, the Compensation Committee will grant 50,000 shares
      of restricted stock to John C.C. Fan and will provide Dr. Fan with a
      cash bonus of $50,000.&#160;&#160;The shares of restricted stock will vest upon
      the achievement of certain operational goals. In addition to these
      shares, the Company will also grant 75,000 shares of restricted stock to
      Dr. Fan on the date the Company files its Form 10-K for the year ended
      December 27, 2008.&#160;&#160;These additional 75,000 shares will vest with
      respect to 25% of the shares on December 11, 2009, and 25% on each
      subsequent three year anniversary date thereafter.
    </p>
    <p style="text-align: left">
      <b>Item 5.03.&#160;&#160;Amendments to Articles of Incorporation or Bylaws; Change
      in Fiscal Year.</b>
    </p>
    <p style="text-align: left">
      On December 2, 2008, the Board of Directors of the Company approved and
      adopted the Fourth Amended and Restated By-Laws for the Company (the
      &#8220;Amended By-Laws&#8221;), effective as of December 2, 2008.&#160;&#160;The Amended
      By-Laws clarify and revise the advance notice provisions for director
      nominations and other matters to be brought before a stockholders
      meeting. In addition to conforming changes, the Amended By-Laws now
      include the following:
    </p>
    <ol>
      <li style="margin-bottom: 10.0px">
        An affirmative statement that the procedures set forth in the Amended
        By-Laws are the exclusive means for a stockholder to make director
        nominations or submit other business before a stockholders meeting.
      </li>
      <li style="margin-bottom: 10.0px">
        A requirement that any stockholder who desires to bring a nomination
        or proposal before the meeting must provide certain information about
        such stockholder&#8217;s beneficial ownership in the Company (including
        ownership of options, warrants or other derivative instruments), any
        arrangements pursuant to which the stockholder has a right to vote the
        stock, any relationships with the Company and other stockholders of
        the Company, and any derivative positions held in the Company&#8217;s stock.
      </li>
      <li style="margin-bottom: 10.0px">
        If such stockholder desires to bring any business before the
        stockholders meeting other than a director nomination, the stockholder
        must provide a brief description of the business, including any
        material interest the stockholder may have in the business.&#160;&#160;
      </li>
      <li style="margin-bottom: 10.0px">
        A requirement that the director nominations brought at a meeting of
        stockholders may only be brought by the directors or by a stockholder
        who has complied with the advance notice provisions.
      </li>
      <li style="margin-bottom: 10.0px">
        A requirement that the Company will only recognize directors that were
        nominated in accordance with the advance notice provisions.
      </li>
      <li style="margin-bottom: 10.0px">
        A requirement that a nominee for director shall furnish information
        required to be set forth in a stockholder&#8217;s notice of nomination.
      </li>
    </ol>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="white-space: nowrap; text-align: justify">
      <b>Item 7.01.&#160;&#160;<u>Regulation FD Disclosure</u></b>.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      On December 8, 2008, the Company announced that its Board of Directors
      authorized a stock repurchase program of up to $15 million of the
      Company&#8217;s common stock.&#160;&#160;Pursuant to the stock repurchase program, the
      Company may purchase in one or more open market or private transactions
      up $15 million of shares of the Company&#8217;s common stock. The stock
      repurchase program shall terminate on December 2, 2011, unless earlier
      terminated by the Board of Directors. A copy of the press release is
      attached as Exhibit&#160;99.1 and incorporated herein by reference.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      The information in this report (including Exhibit&#160;99.1) is being
      &#8220;furnished&#8221; and shall not be deemed to be &#8220;filed&#8221; for purposes of
      Section&#160;18 of the Exchange Act, or otherwise subject to the liability of
      that section, and shall not be incorporated by reference into any
      registration statement or other document filed under the Securities Act
      or the Exchange Act, except as shall be expressly set forth by specific
      reference in such filing.
    </p>
    <p style="white-space: nowrap">
      <b>Item 9.01.&#160;&#160;Financial Statements and Exhibits.</b>
    </p>
    <p style="white-space: nowrap">
      <b>(d)</b>&#160;&#160;Exhibits
    </p>
    <div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-family: Times New Roman; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 8%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Exhibit</u>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 90%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Description</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 8%">

        </td>
        <td style="width: 2%">

        </td>
        <td style="width: 90%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px; width: 8%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            3.1
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 90%" valign="top">
          Fourth Amended and Restated By-laws of Kopin Corporation
        </td>
      </tr>
      <tr>
        <td style="width: 8%">

        </td>
        <td style="width: 2%">

        </td>
        <td style="width: 90%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px; width: 8%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            99.1
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 90%" valign="top">
          Press Release Announcing Adoption of Stock Buy Back Program
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURE</b></font>
    </p>
    <p style="text-indent: 30.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">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.</font>
    </p>
    <p style="white-space: nowrap">
      Date:&#160;&#160;December 8, 2008
    </p>
    <div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td style="width: 5%">
          &#160;
        </td>
        <td style="width: 45%">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 4%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 46%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            KOPIN CORPORATION
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 46%" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 4%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 46%">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 5%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 45%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 4%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            By:
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 46%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>/s/ Richard A. Sneider</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 4%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 46%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Richard A. Sneider
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 4%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 46%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Treasurer and Chief Financial Officer
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 46%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Principal Financial and Accounting Officer)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <b>EXHIBIT INDEX</b><br>
    </p>
    <div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-family: Times New Roman; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 8%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Exhibit</u>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 90%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Description</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 8%">

        </td>
        <td style="width: 2%">

        </td>
        <td style="width: 90%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px; width: 8%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            3.1
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 90%" valign="top">
          Fourth Amended and Restated By-laws of Kopin Corporation
        </td>
      </tr>
      <tr>
        <td style="width: 8%">

        </td>
        <td style="width: 2%">

        </td>
        <td style="width: 90%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px; width: 8%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            99.1
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 2%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 90%" valign="top">
          Press Release Announcing Adoption of Stock Buy Back Program
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
  </body>
</html>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3.1
<SEQUENCE>2
<FILENAME>a5848562ex3-1.htm
<DESCRIPTION>EXHIBIT 3.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2008 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 8pt; font-family: Times New Roman">
    <p style="text-align: right">
      <b>Exhibit 3.1</b>
    </p>
    <p style="text-align: center">
      <b>KOPIN CORPORATION</b>
    </p>
    <p style="text-align: center">
      <b>FOURTH AMENDED AND RESTATED BY-LAWS</b>
    </p>
    <p style="text-align: center">
      Article I&#8212;General
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      <i>Section&#160;1.1.&#160;Offices.</i>&#160;The registered office shall be in
      the City of Wilmington, County of New Castle, State of Delaware. The
      Corporation may also have offices at such other places both within and
      without the State of Delaware as the Board of Directors may from time to
      time determine or the business of the Corporation may require.
    </p>
    <p style="text-align: left; text-indent: 30.0px">
      Se<i>ction&#160;1.2.&#160;Seal.</i>&#160;The seal of the Corporation shall be
      in the form of a circle and shall have inscribed thereon the name of the
      Corporation, the year of its organization and the words &#8220;Corporate Seal,
      Delaware&#8221;.
    </p>
    <p style="text-align: left; text-indent: 30.0px">
      <i>Section&#160;1.3.&#160;Fiscal Year.</i>&#160;The financial period of the
      Corporation shall end on the last Saturday in December each year.
    </p>
    <p style="text-align: center">
      Article II&#8212;Stockholders
    </p>
    <p style="text-align: left; text-indent: 30.0px">
      <i>Section&#160;2.1.&#160;Place of Meetings.</i>&#160;All meetings of the
      stockholders shall be held at the office of the Corporation in the
      Commonwealth of Massachusetts except such meetings as the Board of
      Directors expressly determines shall be held elsewhere, in which case
      meetings may be held upon notice as hereinafter provided at such other
      place or places within or without the Commonwealth of Massachusetts as
      the Board of Directors shall have determined and as shall be stated in
      such notice.
    </p>
    <p style="text-align: left; text-indent: 30.0px">
      <i>Section&#160;2.2.&#160;Annual Meeting.</i>&#160;The annual meeting of the
      stockholders shall be held in the month of March of each year (or in
      such other month as the Board of Directors may determine) on such date
      and at such time as the Board of Directors may determine. At each annual
      meeting the stockholders entitled to vote shall elect such Directors as
      are to be elected at such meeting, as determined under the Corporation&#8217;s
      Amended and Restated Certificate of Incorporation, as it may be further
      amended from time to time (the &#8220;Certificate of Incorporation&#8221;), by
      plurality vote by ballot, and they may transact such other corporate
      business as may properly be brought before the meeting. At the annual
      meeting any business may be transacted, irrespective of whether the
      notice calling such meeting shall have contained a reference thereto,
      except where notice is required by law, the Certificate of
      Incorporation, or these by-laws.
    </p>
    <p style="text-align: left; text-indent: 30.0px">
      <i>Section&#160;2.3.&#160;Quorum.</i>&#160;At all meetings of the
      stockholders the holders of a majority of the stock issued and
      outstanding and entitled to vote thereat, present in person or
      represented by proxy, shall constitute a quorum requisite for the
      transaction of business except as otherwise provided by law, by the
      Certificate of Incorporation or by these by-laws. Whether or not there
      is such a quorum at any meeting, the chairman of the meeting or the
      stockholders entitled to vote thereat, present in person or by proxy, by
      a majority vote, may adjourn the meeting from time to time without
      notice other than announcement at the meeting of the time and place of
      the adjourned meeting. If the adjournment is for more than thirty
      (30)&#160;days, or if after the adjournment a new record date is fixed for
      the adjourned meeting, a notice of the adjourned meeting shall be given
      to each stockholder of record entitled to vote at the meeting. At such
      adjourned meeting, at which the requisite amount of voting stock shall
      be represented, any business may be transacted which might have been
      transacted if the meeting had been held as originally called.
    </p>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;2.4.&#160;Right to Vote; Proxies.</i> Except as
      otherwise provided in the Certificate of Incorporation, each stockholder
      having the right to vote at any meeting shall be entitled to one vote
      for each share of stock held by him. Any stockholder entitled to vote at
      any meeting of stockholders may vote either in person or by proxy, but
      no proxy which is dated more than three years prior to the meeting at
      which it is offered shall confer the right to vote thereat unless the
      proxy provides that it shall be effective for a longer period. Every
      proxy shall be in writing, subscribed by a stockholder or his duly
      authorized attorney in fact, and dated, but need not be sealed,
      witnessed, or acknowledged.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;2.5.&#160;Voting.</i> At all meetings of stockholders
      all questions, except as otherwise expressly provided for by statute,
      the Certificate of Incorporation or these by-laws, shall be determined
      by a majority vote of the stockholders present in person or represented
      by proxy at the meeting and entitled to vote on any such question.
      Except as otherwise expressly provided by law, the Certificate of
      Incorporation or these by-laws, at all meetings of stockholders the
      voting shall be by voice vote, but any stockholder qualified to vote on
      the matter in question may demand a stock vote, by shares of stock, upon
      such question, whereupon such stock vote shall be taken by ballot, each
      of which shall state the name of the stockholder voting and the number
      of shares voted by him, and, if such ballot be cast by a proxy, it shall
      also state the name of the proxy. All elections shall be decided by
      plurality vote.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;2.6.&#160;Notice of Annual Meetings.</i> Written notice
      of the annual meeting of the stockholders shall be mailed to each
      stockholder entitled to vote thereat at such address as appears on the
      stock books of the Corporation at least ten (10)&#160;days (and not more than
      fifty (50)&#160;days) prior to the meeting. It shall be the duty of every
      stockholder to furnish to the Secretary of the Corporation or to the
      transfer agent, if any, of the class of stock owned by him, his
      post-office address and to notify said Secretary or transfer agent of
      any change therein.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;2.7.&#160;Stockholders&#8217; List.</i> A complete list
      of the stockholders entitled to vote at any meeting of stockholders,
      arranged in alphabetical order and showing the address of each
      stockholder, and the number of shares registered in the name of each
      stockholder, shall be prepared by the Secretary and filed either at a
      place within the city where the meeting is to be held, which place shall
      be specified in the notice of the meeting, or, if not so specified, at
      the place where the meeting is to be held, at least ten days before such
      meeting, and shall at all times during the usual hours for business, and
      during the whole time of said election, be open to the examination of
      any stockholder for a purpose germane to the meeting.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;2.8.&#160;Special Meetings.</i> Special meetings of the
      stockholders for any purpose or purposes, unless otherwise provided by
      statute, may only be called by the Board of Directors or the Chief
      Executive Officer.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;2.9.&#160;Notice of Special Meetings.</i> Written notice
      of a special meeting of stockholders, stating the time and place and
      object thereof shall be mailed, postage prepaid, not less than ten
      (10)&#160;nor more than fifty (50)&#160;days before such meeting, to each
      stockholder entitled to vote thereat, at such address as appears on the
      books of the Corporation. No business may be transacted at such meeting
      except that referred to in said notice, or in a supplemental notice
      given also in compliance with the provisions hereof, or such other
      business as may be germane or supplementary to that stated in said
      notice or notices.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;2.10.&#160;Inspectors.</i> One or more inspectors may be
      appointed by the Board of Directors before or at any meeting of
      stockholders, or, if no such appointment shall have been made, the
      presiding officer may make such appointment at the meeting. At the
      meeting for which the inspector or inspectors are appointed, he or they
      shall open and close the polls, receive and take charge of the proxies
      and ballots, and decide all questions touching on the qualifications of
      voters, the validity of proxies and the acceptance and rejection of
      votes. If any inspector previously appointed shall fail to attend or
      refuse or be unable to serve, the presiding officer shall appoint an
      inspector in his place.
    </p>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;2.11.&#160;</i>&#160;&#160;&#160;&#160;&#160;&#160;<i>Stockholder
      Proposals. </i>
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      (a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Nomination of Directors</u>.&#160;&#160;Only
      persons who are nominated in accordance with the procedures set forth in
      these by-laws shall be eligible to serve as directors.&#160;&#160;Nominations of
      persons for election to the Board of Directors of the Corporation&#160;&#160;may
      be made at a meeting of stockholders (x) pursuant to the Corporation&#8217;s
      notice of meeting, (y) by or at the direction of the Board of Directors
      or (z) by any stockholder of the Corporation who is a stockholder of
      record at the time of giving of notice provided for in this Section
      2.11(a), who shall be entitled to vote for the election of directors at
      the meeting and who complies with the notice procedures set forth in
      this Section 2.11(a).&#160;&#160;Such nominations, other than those made by or at
      the direction of the Board of Directors, shall be made pursuant to
      timely notice in writing to the Secretary of the Corporation.&#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 Corporation not less
      than 30 days nor more than 75 days prior to the first anniversary of the
      preceding year&#8217;s annual meeting of stockholders; <i>provided,
      however</i>, that in the event that the date of the annual meeting is
      advanced more than 30 days prior to such anniversary date or delayed
      more than 60 days after such anniversary date, then to be timely such
      notice must be received by the Corporation no less than 30 days nor more
      than 75 days prior to the date of the meeting or the 10th day following
      the day on which public announcement of the date of the meeting was
      made.&#160;&#160;With respect to special meetings of stockholders, such notice
      must be delivered to the Secretary not more than 75 days prior to such
      meeting and not later than the later of (y) 30 days prior to such
      meeting or (z) 10 days following the date on which public announcement
      of the date of such meeting is first made by the Corporation.&#160;&#160;Such
      stockholder&#8217;s notice shall set forth:
    </p>
    <p style="text-indent: 30.0px; margin-left: 30.0px; text-align: left">
      (1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;as to each person whom the stockholder proposes to nominate
      for election or reelection as a director, all information relating to
      such person that is required to be disclosed in solicitations of proxies
      for election of directors, or is otherwise required, in each case
      pursuant to Regulation 14A under the Securities Exchange Act of 1934, as
      amended (the &#8220;Exchange Act&#8221;) (including such person&#8217;s written consent to
      being named in the proxy statement as a nominee and to serving as a
      director if elected); and
    </p>
    <p style="text-indent: 30.0px; margin-left: 30.0px; text-align: left">
      (2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;as to the stockholder giving the notice:
    </p>
    <p style="text-indent: 30.0px; margin-left: 90.0px; text-align: left">
      (A)&#160;&#160;&#160;&#160;&#160;&#160;&#160;the name and address, as they appear on the Corporation&#8217;s
      books, of such stockholder and any Stockholder Associated Person
      (defined below) covered by clause (B) below,&#160;&#160;
    </p>
    <p style="text-indent: 30.0px; margin-left: 90.0px; text-align: left">
      (B) (i)&#160;&#160;the class and number of shares of the Corporation which are,
      directly or indirectly, held of record or are beneficially owned by such
      stockholder or by any Stockholder Associated Person, (ii) any Derivative
      Positions (defined below) held or beneficially held by the stockholder
      or any Stockholder Associated Person, (iii) any rights to dividends of
      the Corporation that are separable from the underlying shares of the
      Corporation held by the stockholder or any Stockholder Associated
      Person, (iv) any proportionate interest in the Corporation&#8217;s securities
      held by a partnership in which the stockholder or any Stockholder
      Associated Person is a general partner, either directly or indirectly,
      (v) any performance-related fees that such stockholder or any
      Stockholder Associated Person is entitled to based on any increase or
      decrease in the value of the Corporation&#8217;s securities, and (vi) whether
      and the extent to which any hedging (including any short-interest
      positions) or other transaction or series of transactions have been
      entered into by or on behalf of such stockholder or any Stockholder
      Associated Person, or any other agreement, arrangement or understanding
      has been made by or on behalf of such stockholder or any Stockholder
      Associated Person, if the effect of or intent of any of the foregoing is
      to increase or decrease the voting power of such stockholder or any
      Stockholder Associated Person with respect to Corporation&#8217;s securities,
      and
    </p>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-indent: 30.0px; margin-left: 90.0px; text-align: left">
      (C) any proxy, contract, arrangement, understanding or relationship
      pursuant to which such stockholder or any Stockholder Affiliated Person
      has the right to vote any security of the Corporation.
    </p>
    <p style="margin-left: 30.0px; text-align: left">
      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 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
      eligible to serve as a director of the Corporation unless nominated in
      accordance with the procedures set forth in this Section 2.11(a).&#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
      the procedures prescribed by the by-laws, and if he should so determine,
      he shall so declare to the meeting and the defective nomination shall be
      disregarded.&#160;&#160;Notwithstanding the foregoing provisions of this Section
      2.11(a), 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 2.11(a).
    </p>
    <p style="margin-left: 30.0px; text-align: left">
      &#8220;<u>Stockholder Associated Person</u>&#8221; of any stockholder means
      (x) any person controlling, directly or indirectly, or acting in concert
      with, such stockholder, (y) any beneficial owner of shares of stock of
      the Corporation owned of record or beneficially by such stockholder and
      (z) any person controlling, controlled by or under common control with
      such Stockholder Associated Person.
    </p>
    <p style="margin-left: 30.0px; text-align: left">
      &#8220;<u>Derivative Position</u>&#8221; means any option, warrant,
      convertible security, stock appreciation right, or similar right with an
      exercise or conversion privilege or a settlement payment or mechanism at
      a price related to any class or series of shares of the Corporation or
      with a value derived in whole or in part from the value of any class or
      series of shares of the Corporation, whether or not such instrument or
      right shall be subject to settlement in the underlying class or series
      of capital stock of the Corporation or otherwise.
    </p>
    <p style="text-indent: 30.0px; margin-left: 30.0px; text-align: left">
      (b)<b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;</b><u>Notice of Business</u>.&#160;&#160;At
      any meeting of the stockholders, only such business shall be conducted
      as shall have been brought before the meeting (y) by or at the direction
      of the Board of Directors or (z) by any stockholder of the Corporation
      who is a stockholder of record at the time of giving of the notice
      provided for in this Section 2.11(b), who shall be entitled to vote at
      such meeting and who complies with the notice procedures set forth in
      this Section 2.11(b).&#160;&#160;For business to be properly brought before a
      stockholder meeting by a stockholder, the stockholder must have given
      timely notice thereof in writing to the Secretary.&#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 Corporation not less than 30 days nor
      more than 75 days prior to the first anniversary of the preceding year&#8217;s
      annual meeting of stockholders; <i>provided, however</i>, that in the
      event that the date of the annual meeting is advanced more than 30 days
      prior to such anniversary date or delayed more than 60 days after such
      anniversary date then to be timely such notice must be received by the
      Corporation not less than 30 days nor more than 75 days prior to the
      date of the meeting or the 10th day following the day on which public
      announcement of the date of the meeting was made. With respect to
      special meetings of stockholders, such notice must be delivered to the
      Secretary not more than 75 days prior to such meeting and not later than
      the later of (y) 60 days prior to such meeting or (z) 10 days following
      the date on which public announcement of the date of such meeting is
      first made by the Corporation.&#160;&#160;A stockholder&#8217;s notice to the Secretary
      shall set forth as to each matter the stockholder proposes to bring
      before the meeting:
    </p>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-indent: 30.0px; margin-left: 30.0px; text-align: left">
      (1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;the information required to be disclosed in solicitations of
      proxies with respect to the matter pursuant to Regulation 14A of the
      Exchange Act;
    </p>
    <p style="text-indent: 30.0px; margin-left: 30.0px; text-align: left">
      (2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;a brief description of the business desired to be brought
      before the meeting and the reasons for conducting such business at the
      meeting;
    </p>
    <p style="text-indent: 30.0px; margin-left: 30.0px; text-align: left">
      (3)&#160;&#160;&#160;&#160;&#160;&#160;&#160;the name and address, as they appear on the Corporation&#8217;s
      books, of the stockholder proposing such business and any Stockholder
      Associated Person covered by clauses (4) and (5) below;
    </p>
    <p style="text-indent: 30.0px; margin-left: 30.0px; text-align: left">
      (4) (A)&#160;&#160;the class and number of shares of the Corporation which are,
      directly or indirectly, held of record or are beneficially owned by such
      stockholder or by any Stockholder Associated Person, (B) any Derivative
      Positions held or beneficially held by the stockholder or any
      Stockholder Associated Person, (C) any rights to dividends of the
      Corporation that are separable from the underlying shares of the
      Corporation held by the stockholder or any Stockholder Associated
      Person, (D) any proportionate interest in the Corporation&#8217;s securities
      held by a partnership in which the stockholder or any Stockholder
      Associated Person is a general partner, either directly or indirectly,
      (E) any performance-related fees that such stockholder or any
      Stockholder Associated Person is entitled to based on any increase or
      decrease in the value of the Corporation&#8217;s securities, and (F) whether
      and the extent to which any hedging (including any short-interest
      positions) or other transaction or series of transactions have been
      entered into by or on behalf of such stockholder or any Stockholder
      Associated Person, or any other agreement, arrangement or understanding
      has been made by or on behalf of such stockholder or any Stockholder
      Associated Person, if the effect of or intent of any of the foregoing is
      to increase or decrease the voting power of such stockholder or any
      Stockholder Associated Person with respect to Corporation&#8217;s securities;
      and
    </p>
    <p style="text-indent: 30.0px; margin-left: 30.0px; text-align: left">
      (5)&#160;&#160;&#160;&#160;&#160;&#160;&#160;any material interest of the stockholder or any Stockholder
      Associated Person in such business, including all arrangements,
      agreements and understandings with the stockholder or Stockholder
      Associated Person in connection with the proposed business.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      Notwithstanding anything in these by-laws to the contrary, no business
      shall be conducted at a stockholder meeting except as shall have been
      brought before the meeting in accordance with the procedures set forth
      in this Section 2.11(b).&#160;&#160;The chairman of the meeting shall, if the
      facts warrant, determine and declare to the meeting that business was
      not properly brought before the meeting and in accordance with the
      provisions of the by-laws, and if he should so determine, he shall so
      declare to the meeting and any such business not properly brought before
      the meeting shall not be transacted.&#160;&#160;Notwithstanding the foregoing
      provisions of this Section 2.11(b), 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 2.11(b).
    </p>
    <p style="text-align: center">
      Article III&#8212;Directors
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;3.1.&#160;Number and Election of Directors</i>.&#160;Except
      as otherwise provided by law, the Certificate of Incorporation or these
      by-laws, the property and business of the Corporation shall be managed
      by or under the direction of a board of not less than three nor more
      than thirteen directors. The specific number of directors from time to
      time shall be fixed by vote of the Board of Directors. Directors need
      not be stockholders, residents of Delaware or citizens of the United
      States. The directors shall be elected in the manner provided in the
      Certificate of Incorporation.
    </p>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;3.2.&#160;Resignation</i>.&#160;Any director of this
      Corporation may resign at any time by giving written notice to the
      Chairman of the Board, if any, the President or the Secretary of the
      Corporation. Such resignation shall take effect at the time specified
      therein, at the time of receipt if no time is specified therein and at
      the time of acceptance if the effectiveness of such resignation is
      conditioned upon its acceptance. Unless otherwise specified therein, the
      acceptance of such resignation shall not be necessary to make it
      effective.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;3.3.&#160;Place of Meetings and Books</i>.&#160;The Board of
      Directors may hold their meetings and keep the books of the Corporation
      outside the State of Delaware, at such places as they may from time to
      time determine.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;3.4.&#160;General Powers</i>.&#160;In addition to the powers
      and authority expressly conferred upon them by these by-laws, the board
      may exercise all such powers of the Corporation and do all such lawful
      acts and things as are not by statute or by the Certificate of
      Incorporation or by these by-laws directed or required to be exercised
      or done by the stockholders.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;3.5.&#160;Executive Committee</i>.&#160;There may be an
      executive committee of one or more directors designated by resolution
      passed by a majority of the whole board. The act of a majority of the
      members of such committee shall be the act of the committee. Said
      committee may meet at stated times or on notice to all by any of their
      own number, and shall have and may exercise those powers of the Board of
      Directors in the management of the business affairs of the Corporation
      as are provided by law and may authorize the seal of the Corporation to
      be affixed to all papers which may require it. Vacancies in the
      membership of the committee shall be filled by the Board of Directors at
      a regular meeting or at a special meeting called for that purpose.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;3.6.&#160;Other Committees</i>.&#160;The Board of Directors
      may also designate one or more committees in addition to the executive
      committee, by resolution or resolutions passed by a majority of the
      whole board; such committee or committees shall consist of one or more
      directors of the Corporation, and to the extent provided in the
      resolution or resolutions designating them, shall have and may exercise
      specific powers of the Board of Directors in the management of the
      business and affairs of the Corporation to the extent permitted by
      statute and shall have power to authorize the seal of the Corporation to
      be affixed to all papers which may require it. Such committee or
      committees shall have such name or names as may be determined from time
      to time by resolution adopted by the Board of Directors.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;3.7.&#160;Powers Denied to Committees</i>.&#160;Committees of
      the Board of Directors shall not, in any event, have any power or
      authority to amend the Certificate of Incorporation, adopt an agreement
      of merger or consolidation, recommend to the stockholders the sale,
      lease or exchange of all or substantially all of the Corporation&#8217;s
      property and assets, recommend to the stockholders a dissolution of the
      Corporation or a revocation of a dissolution or to amend the by-laws of
      the Corporation. Further, committees of the Board of Directors shall not
      have any power or authority to declare a dividend or to authorize the
      issuance of stock.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;3.8.&#160;Substitute Committee Member</i>.&#160;In the
      absence or on the disqualification of a member of a committee, the
      member or members thereof present at any meeting and not disqualified
      from voting, whether or not he or they constitute a quorum, may
      unanimously appoint another member of the Board of Directors to act at
      the meeting in the place of such absent or disqualified member. Any
      committee shall keep regular minutes of its proceedings and report the
      same to the board as may be required by the board.
    </p>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;3.9.&#160;Compensation of Directors</i>.&#160;The Board of
      Directors shall have the power to fix the compensation of directors and
      members of committees of the Board. The directors may be paid their
      expenses, if any, of attendance at each meeting of the Board of
      Directors and may be paid a fixed sum for attendance at each meeting of
      the Board of Directors or a stated salary as director. No such payment
      shall preclude any director from serving the Corporation in any other
      capacity and receiving compensation therefor. Members of special or
      standing committees may be allowed like compensation for attending
      committee meetings.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;3.10.&#160;Annual Meeting</i>.&#160;The board, including any
      newly elected members, may meet at such place and time as shall be fixed
      and announced by the presiding officer at the annual meeting of
      stockholders, for the purpose of organization or otherwise, and no
      further notice of such meeting shall be necessary to the newly elected
      directors in order legally to constitute the meeting, provided a quorum
      shall be present, or they may meet at such place and time as shall be
      stated in a notice given to such directors two (2)&#160;days prior to such
      meeting, or as shall be fixed by the consent in writing of all the
      directors.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;3.11.&#160;Regular Meetings</i>.&#160;Regular meetings of the
      board may be held without notice at such time and place as shall from
      time to time be determined by the board.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;3.12.&#160;Special Meetings</i>.&#160;Special meetings of the
      board may be called by the Chairman of the Board, if any, or the
      President, on two (2)&#160;days&#8217; notice to each director, or such shorter
      period of time before the meeting as will nonetheless be sufficient for
      the convenient assembly of the directors so notified; special meetings
      shall be called by the Secretary in like manner and on like notice, on
      the written request of two or more directors.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;3.13.&#160;Quorum</i>.&#160;At all meetings of the Board of
      Directors, a majority of the total number of directors shall be
      necessary and sufficient to constitute a quorum for the transaction of
      business, and the act of a majority of the directors present at any
      meeting at which there is a quorum shall be the act of the Board of
      Directors, except as may be otherwise specifically permitted or provided
      by statute, or by the Certificate of Incorporation, or by these by-laws.
      If at any meeting of the board there shall be less than a quorum
      present, a majority of those present may adjourn the meeting from time
      to time until a quorum is obtained, and no further notice thereof need
      be given other than by announcement at said meeting which shall be so
      adjourned.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;3.14.&#160;Telephonic Participation in Meetings.</i>&#160;Members
      of the Board of Directors or any committee designated by such board may
      participate in a meeting of the board or committee by means of
      conference telephone or similar communications equipment by means of
      which all persons participating in the meeting can hear each other, and
      participation in a meeting pursuant to this section shall constitute
      presence in person at such meeting.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;3.15.&#160;Action by Consent.</i>&#160;Unless otherwise
      restricted by the Certificate of Incorporation or these by-laws, any
      action required or permitted to be taken at any meeting of the Board of
      Directors or of any committee thereof may be taken without a meeting, if
      written consent thereto is signed by all members of the board or of such
      committee as the case may be and such written consent is filed with the
      minutes of proceedings of the board or committee.
    </p>
    <p style="text-align: center">
      Article IV&#8212;Officers
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;4.1.&#160;Selection; Statutory Officers.</i>&#160;The
      officers of the Corporation shall be chosen by the Board of Directors.
      There shall be a Chief Executive Officer, a President, a Secretary and a
      Treasurer, and there may be a Chairman of the Board of Directors, a
      Chief Scientific Officer, one or more Vice Presidents, one or more
      Assistant Secretaries, and one or more Assistant Treasurers, as the
      Board of Directors may elect. Any number of offices may be held by the
      same person.
    </p>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;4.2.&#160;Time of Election.</i>&#160;The officers above named
      shall be chosen by the Board of Directors at its first meeting after
      each annual meeting of stockholders. None of said officers need be a
      director.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;4.3.&#160;Additional Officers.</i>&#160;The board may appoint
      such other officers and agents as it shall deem necessary, who shall
      hold their offices for such terms and shall exercise such powers and
      perform such duties as shall be determined from time to time by the
      board.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;4.4.&#160;Terms of Office.</i>&#160;Each officer of the
      Corporation shall hold office until his successor is chosen and
      qualified, or until his earlier resignation or removal. Any officer
      elected or appointed by the Board of Directors may be removed at any
      time by the Board of Directors.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;4.5.&#160;Compensation of Officers.</i>&#160;The Board of
      Directors shall have power to fix the compensation of all officers of
      the Corporation. It may authorize any officer, upon whom the power of
      appointing subordinate officers may have been conferred, to fix the
      compensation of such subordinate officers.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;4.6.&#160;Chairman of the Board.</i>&#160;Unless the Board of
      Directors otherwise determines, the Chairman of the Board of Directors
      shall be the chief executive officer of the corporation. The Chairman of
      the Board of Directors shall preside at all meetings of the stockholders
      and directors, and shall have such other duties as may be assigned to
      him from time to time by the Board of Directors.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;4.7.&#160;Chief Executive Officer.</i>&#160;The Chief
      Executive Officer shall be the senior corporate officer of the
      corporation. Unless there is a Chairman of the Board, the Chief
      Executive Officer shall preside at all meetings of the board of
      directors and stockholders. Under the supervision of the board of
      directors and of the executive committee, the Chief Executive Officer
      shall have the general control and management of the corporation&#8217;s
      business and affairs, subject, however, to the right of the board of
      directors and of the executive committee to confer any specific power
      upon any other officer or officers of the corporation. The Chief
      Executive Officer shall do and perform all acts and things incident to
      the office of Chief Executive Officer and such other duties as may be
      assigned to him from time to time by the board of directors or the
      executive committee.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;4.8.&#160;President.</i>&#160;The President shall be
      executive officer next in authority to the Chief Executive Officer, and,
      under the supervision of the Chief Executive Officer, shall be the chief
      operating officer of the Corporation. The President need not be a
      director.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;4.9.&#160;Chief Scientific Officer.</i>&#160;The Chief
      Scientific Officer, under the supervision of the Chief Executive
      Officer, shall be responsible for the general control and direction of
      the corporation&#8217;s scientific research and development.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;4.10.&#160;Vice-Presidents.</i>&#160;The Vice-Presidents
      shall perform such of the duties of the President on behalf of the
      Corporation as may be respectively assigned to them from time to time by
      the Board of Directors or by the executive committee or by the
      President. The Board of Directors or the executive committee may
      designate one of the Vice-Presidents as the Executive Vice-President,
      and in the absence or inability of the President to act, such Executive
      Vice-President shall have and possess all of the powers and discharge
      all of the duties of the President, subject to the control of the board
      and of the executive committee.
    </p>
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    </div>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;4.11.&#160;Treasurer.</i>&#160;The Treasurer shall have the
      care and custody of all the funds and securities of the Corporation
      which may come into his hands as Treasurer, and the power and authority
      to endorse checks, drafts and other instruments for the payment of money
      for deposit or collection when necessary or proper and to deposit the
      same to the credit of the Corporation in such bank or banks or
      depository as the Board of Directors or the executive committee, or the
      officers or agents to whom the Board of Directors or the executive
      committee may delegate such authority, may designate, and he may endorse
      all commercial documents requiring endorsements for or on behalf of the
      Corporation. He may sign all receipts and vouchers for the payments made
      to the Corporation. He shall render an account of his transactions to
      the Board of Directors or to the executive committee as often as the
      board or the committee shall require the same. He shall enter regularly
      in the books to be kept by him for that purpose full and adequate
      account of all moneys received and paid by him on account of the
      Corporation. He shall perform all acts incident to the position of
      Treasurer, subject to the control of the Board of Directors and of the
      executive committee. He shall when requested, pursuant to vote of the
      Board of Directors or the executive committee, give a bond to the
      Corporation conditioned for the faithful performance of his duties, the
      expense of which bond shall be borne by the Corporation.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;4.12.&#160;Secretary.</i>&#160;The Secretary shall keep the
      minutes of all meetings of the Board of Directors and of the
      stockholders; he shall attend to the giving and serving of all notices
      of the Corporation. Except as otherwise ordered by the Board of
      Directors or the executive committee, he shall attest the seal of the
      Corporation upon all contracts and instruments executed under such seal
      and shall affix the seal of the Corporation thereto and to all
      certificates of shares of the Capital Stock. He shall have charge of the
      stock certificate book, transfer book and stock ledger, and such other
      books and papers as the Board of Directors or the executive committee
      may direct. He shall, in general, perform all the duties of Secretary,
      subject to the control of the Board of Directors and of the executive
      committee.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;4.13.&#160;Assistant Secretary.</i>&#160;The Board of
      Directors or any two of the officers of the Corporation acting jointly
      may appoint or remove one or more Assistant Secretaries of the
      Corporation. Any Assistant Secretary upon his appointment shall perform
      such duties of the Secretary, and also any and all such other duties as
      the executive committee or the Board of Directors or the President or
      the Executive Vice-President or the Treasurer or the Secretary may
      designate.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;4.14.&#160;Assistant Treasurer.</i>&#160;The Board of
      Directors or any two of the officers of the Corporation acting jointly
      may appoint or remove one or more Assistant Treasurers of the
      Corporation. Any Assistant Treasurer upon his appointment shall perform
      such of the duties of the Treasurer, and also any and all such other
      duties as the executive committee or the Board of Directors or the
      President or the Executive Vice-President or the Treasurer or the
      Secretary may designate.&#160;&#160;
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;4.15.&#160;Subordinate Officers.</i>&#160;The Board of
      Directors may select such subordinate officers as it may deem desirable.
      Each such officer shall hold office for such period, have such
      authority, and perform such duties as the Board of Directors may
      prescribe. The Board of Directors may, from time to time, authorize any
      officer to appoint and remove subordinate officers and to prescribe the
      powers and duties thereof.
    </p>
    <p style="text-align: center">
      Article V&#8212;Stock
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;5.1.&#160;Stock.</i>&#160;The shares of the Corporation&#8217;s
      stock may be certificated or uncertificated and shall be entered in the
      books of the Corporation and registered as they are issued. Any
      certificates representing shares of stock shall be in such form as the
      Board of Directors shall prescribe, certifying the number and class of
      shares of the stock of the Corporation owned by the stockholder. Any
      certificate issued to a stockholder of the Corporation shall be numbered
      and shall certify the holder&#8217;s name and number and class of shares and
      shall be signed by both of (a)&#160;either the President or a Vice-President,
      and (b)&#160;any one of the Treasurer or an Assistant Treasurer or the
      Secretary or an Assistant Secretary, and shall be sealed with the
      corporate seal of the Corporation. If such certificate is countersigned
      (1)&#160;by a transfer agent other than the Corporation or its employee, or,
      (2)&#160;by a registrar other than the Corporation or its employee, the
      signature of the officers of the Corporation and the corporate seal may
      be facsimiles. In case any officer or officers who shall have signed, or
      whose facsimile signature or signatures shall have been used on, any
      such certificate or certificates shall cease to be such officer or
      officers of the Corporation, whether because of death, resignation or
      otherwise, before such certificate or certificates shall have been
      delivered by the Corporation, such certificate or certificates may
      nevertheless be adopted by the Corporation and be issued and delivered
      as though the person or persons who signed such certificate or
      certificates or whose facsimile signature shall have been used thereon
      had not ceased to be such officer or officers of the Corporation.
    </p>
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    </div>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;5.2.&#160;Fractional Share Interests</i>.&#160;The
      Corporation may, but shall not be required to, issue fractions of a
      share. If the Corporation does not issue fractions of a share, it shall
      (a)&#160;arrange for the disposition of fractional interests by those
      entitled thereto, (b)&#160;pay in cash the fair value of fractions of a share
      as of the time when those entitled to receive such fractions are
      determined, or (c)&#160;issue scrip or warrants in registered or bearer form
      which shall entitle the holder to receive a certificate for a full share
      upon the surrender of such scrip or warrants aggregating a full share. A
      certificate for a fractional share shall, but scrip or warrants shall
      not unless otherwise provided therein, entitle the holder to exercise
      voting rights, to receive dividends thereon, and to participate in any
      of the assets of the Corporation in the event of liquidation. The Board
      of Directors may cause scrip or warrants to be issued subject to the
      conditions that they shall become void if not exchanged for certificates
      representing full shares before a specified date, or subject to the
      conditions that the shares for which scrip or warrants are exchangeable
      may be sold by the Corporation and the proceeds thereof distributed to
      the holders of scrip or warrants, or subject to any other conditions
      which the Board of Directors may impose.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;5.3.&#160;Transfers of Stock.</i>&#160;Subject to any
      transfer restrictions then in force, upon the surrender to the
      Corporation or the transfer agent of the Corporation of a certificate
      for shares duly endorsed or accompanied by proper evidence of
      succession, assignation or authority to transfer, such certificate for
      shares shall be cancelled, issuance of the equivalent of uncertificated
      or certificated shares shall be made to the stockholder entitled
      thereto, and the transaction shall be recorded upon the books of the
      Corporation.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      Subject to any transfer restrictions then in force, upon the receipt of
      proper transfer instructions from the registered owner of uncertificated
      shares, with such proof of authenticity of signature as the Corporation
      or its transfer agent or registrar may reasonably require, such
      uncertificated shares shall be cancelled, issuance of new equivalent
      uncertificated shares or certificated shares shall be made to the
      stockholder entitled thereto and the transaction shall be recorded upon
      the books of the Corporation.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      The Corporation shall be entitled to treat the holder of record of any
      share or shares of stock as the holder in fact thereof and accordingly
      shall not be bound to recognize any equitable or other claim to or
      interest in such share on the part of any other person whether or not it
      shall have express or other notice thereof save as expressly provided by
      the laws of Delaware.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section 5.4.&#160;Record Date</i>.&#160;For the purpose of determining the
      stockholders entitled to notice of or to vote at any meeting of
      stockholders or any adjournment thereof, or to express consent to
      corporate action in writing without a meeting, or entitled to receive
      payment of any dividend or other distribution or the allotment of any
      rights, or entitled to exercise any rights in respect of any change,
      conversion, or exchange of stock or for the purpose of any other lawful
      action, the Board of Directors may fix, in advance, a record date, which
      shall not be more than sixty (60)&#160;days nor less than ten (10)&#160;days
      before the date of such meeting, nor more than sixty (60)&#160;days prior to
      any other action. If no such record date is fixed by the Board of
      Directors, the record date for determining stockholders entitled to
      notice of or to vote at a meeting of stockholders shall be at the close
      of business on the day next preceding the day on which notice is given,
      or, if notice is waived, at the close of business on the day next
      preceding the day on which the meeting is held; the record date for
      determining stockholders entitled to express consent to corporate action
      in writing without a meeting, when no prior action by the Board of
      Directors is necessary, shall be the day on which the first written
      consent is expressed; and the record date for determining stockholders
      for any other purpose shall be at the close of business on the day on
      which the Board of Directors adopts the resolution relating thereto. A
      determination of stockholders of record entitled to notice of or to vote
      at any meeting of stockholders shall apply to any adjournment of the
      meeting; provided, however, that the Board of Directors may fix a new
      record date for the adjourned meeting.
    </p>
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    </div>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;5.5.&#160;Transfer Agent and Registrar</i>.&#160;The Board of
      Directors may appoint one or more transfer agents or transfer clerks and
      one or more registrars and may require all certificates of stock to bear
      the signature or signatures of any of them.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;5.6.&#160;Dividends</i>.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      1.&#160;<i>Power to Declare.</i>&#160;Dividends upon the capital stock of the
      Corporation, subject to the provisions of the Certificate of
      Incorporation, if any, may be declared by the Board of Directors at any
      regular or special meeting, pursuant to law. Dividends may be paid in
      cash, in property, or in shares of the capital stock, subject to the
      provisions of the Certificate of Incorporation and the laws of Delaware.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      2.&#160;<i>Reserves.</i>&#160;Before payment of any dividend, there may be
      set aside out of any funds of the Corporation available for dividends
      such sum or sums as the directors from time to time, in their absolute
      discretion, think proper as a reserve or reserves to meet contingencies,
      or for equalizing dividends, or for repairing or maintaining any
      property of the Corporation, or for such other purpose as the directors
      shall think conducive to the interest of the Corporation, and the
      directors may modify or abolish any such reserve in the manner in which
      it was created.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;5.7.&#160;Lost, Stolen or Destroyed Certificates</i>.&#160;No
      certificates for shares of stock of the Corporation 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 Corporation and its agents
      to such extent and in such manner as the Board of Directors may from
      time to time prescribe. Upon production of evidence and indemnification,
      the Corporation may issue (i)&#160;a new certificate or certificates of stock
      or (ii)&#160;uncertificated shares in place of any certificate or
      certificates previously issued by the Corporation alleged to have been
      lost, stolen or destroyed.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;5.8.&#160;Inspection of Books</i>.&#160;The Board of
      Directors shall have power from time to time to determine whether and to
      what extent and at what times and places and under what conditions and
      regulations the accounts and books of the Corporation (other than the
      stock ledger) or any of them, shall be open to inspection of
      stockholders; and no stockholder shall have any right to inspect any
      account or book or document of the Corporation except as conferred by
      statute or authorized by the Board of Directors.
    </p>
    <p style="text-align: center">
      Article VI&#8212;Miscellaneous Management Provisions
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;6.1.&#160;Checks, Drafts and Notes</i>.&#160;All checks,
      drafts or orders for the payment of money, and all notes and acceptances
      of the Corporation shall be signed by such officer or officers, agent or
      agents as the Board of Directors may designate.
    </p>
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    </div>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;6.2.&#160;Notices</i>.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      1.&#160;Notices to directors may, and notices to stockholders shall, be in
      writing and delivered personally or mailed to the directors or
      stockholders at their addresses appearing on the books of the
      Corporation. Notice by mail shall be deemed to be given at the time when
      the same shall be mailed. Notice to directors may also be given by
      telegram or orally, by telephone or in person.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      2.&#160;Whenever any notice is required to be given under the provisions of
      the statutes or of the Certificate of Incorporation of the Corporation
      of the Corporation or of these by-laws, a written waiver of notice,
      signed by the person or persons entitled to said notice, whether before
      or after the time stated therein, shall be deemed equivalent to notice.
      Attendance of a person at a meeting shall constitute a waiver of notice
      of such meeting except when the person attends a meeting for the express
      purpose of objecting, at the beginning of the meeting, to the
      transaction of any business because the meeting is not lawfully called
      or convened.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;6.3.&#160;Conflict of Interest</i>.&#160;No contract or
      transaction between the Corporation and one or more of its directors or
      officers, or between the Corporation and any other corporation,
      partnership, association, or other organization in which one or more of
      its directors or officers are directors or officers, or have a financial
      interest, shall be void or voidable solely for this reason, or solely
      because the director or officer is present at or participates in the
      meeting of the board of or committee thereof which authorized the
      contract or transaction, or solely because his or their votes are
      counted for such purpose, if: (a)&#160;the material facts as to his
      relationship or interest and as to the contract or transaction are
      disclosed or are known to the Board of Directors or the committee and
      the board or committee in good faith authorizes the contract or
      transaction by the affirmative vote of a majority of the disinterested
      directors, even though the disinterested directors be less than a
      quorum; or (b)&#160;the material facts as to his relationship or interest and
      as to the contract or transaction are disclosed or are known to the
      stockholders of the Corporation entitled to vote thereon, and the
      contract or transaction as specifically approved in good faith by vote
      of such stockholders; or (c)&#160;the contract or transaction is fair as to
      the Corporation as of the time it is authorized, approved or ratified,
      by the Board of Directors, a committee or the stockholders. Common or
      interested directors may be counted in determining the presence of a
      quorum at a meeting of the Board of Directors or of a committee which
      authorizes the contract or transaction.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;6.4.&#160;Voting of Securities owned by this Corporation</i>.&#160;Subject
      always to the specific directions of the Board of Directors, (a)&#160;any
      shares or other securities issued by any other Corporation and owned or
      controlled by this Corporation may be voted in person at any meeting of
      security holders of such other corporation by the President of this
      Corporation if he is present at such meeting, or in his absence by the
      Treasurer of this Corporation if he is present at such meeting, and
      (b)&#160;whenever, in the judgment of the President, it is desirable for this
      Corporation to execute a proxy or written consent in respect to any
      shares or other securities issued by any other Corporation and owned by
      this Corporation, such proxy or consent shall be executed in the name of
      this Corporation by the President, without the necessity of any
      authorization by the Board of Directors, affixation of corporate seal or
      countersignature or attestation by another officer, provided that if the
      President is unable to execute such proxy or consent by reason of
      sickness, absence from the United States or other similar cause, the
      Treasurer may execute such proxy or consent. Any person or persons
      designated in the manner above stated as the proxy or proxies of this
      Corporation shall have full right, power and authority to vote the
      shares or other securities issued by such other corporation and owned by
      this Corporation the same as such shares or other securities might be
      voted by this Corporation.
    </p>
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    <p style="text-align: center">
      Article VII&#8212;Indemnification
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;7.1.&#160;Right to Indemnification.</i>&#160;Each person who
      was or is made a party or is threatened to be made a party to or is
      otherwise involved in any action, suit or proceeding, whether civil,
      criminal, administrative or investigative (a &#8220;Proceeding&#8221;), by reason of
      being or having been a director or officer of the Corporation or serving
      or having served at the request of the Corporation as a director,
      trustee, officer, employee or agent of another corporation or of a
      partnership, joint venture, trust or other enterprise, including service
      with respect to an employee benefit plan (an &#8220;Indemnitee&#8221;), whether the
      basis of such proceeding is alleged action or failure to act in an
      official capacity as a director, trustee, officer, employee or agent or
      in any other capacity while serving as a director, trustee, officer,
      employee or agent, shall be indemnified and held harmless by the
      Corporation to the fullest extent authorized by the Delaware General
      Corporation Law, as the same exists or may hereafter be amended (but, in
      the case of any such amendment, only to the extent that such amendment
      permits the Corporation to provide broader indemnification rights than
      permitted prior thereto) (as used in this Article VII, the &#8220;Delaware
      Law&#8221;), against all expense, liability and loss (including attorneys&#8217;
      fees, judgments, fines, ERISA excise taxes or penalties and amounts paid
      in settlement) reasonably incurred or suffered by such Indemnitee in
      connection therewith and such indemnification shall continue as to an
      Indemnitee who has ceased to be a director, trustee, officer, employee
      or agent and shall inure to the benefit of the Indemnitee&#8217;s heirs,
      executors and administrators;<i>&#160;&#160;provided, however,</i>&#160;&#160;that,
      except as provided in Section&#160;7.2 hereof with respect to Proceedings to
      enforce rights to indemnification, the Corporation shall indemnify any
      such Indemnitee in connection with a Proceeding (or part thereof)
      initiated by such Indemnitee only if such Proceeding (or part thereof)
      was authorized by the board of directors of the Corporation. The right
      to indemnification conferred in this Article VII shall be a contract
      right and shall include the right to be paid by the Corporation the
      expenses incurred in defending any such Proceeding in advance of its
      final disposition (an &#8220;Advancement of Expenses&#8221;);<i>&#160;&#160;provided,
      however,</i>&#160;&#160;that, if the Delaware Law so requires, an Advancement of
      Expenses incurred by an Indemnitee shall be made only upon delivery to
      the Corporation of an undertaking (an &#8220;Undertaking&#8221;), by or on behalf of
      such Indemnitee, to repay all amounts so advanced if it shall ultimately
      be determined by final judicial decision from which there is no further
      right to appeal (a &#8220;Final Adjudication&#8221;) that such Indemnitee is not
      entitled to be indemnified for such expenses under this Article VII or
      otherwise.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;7.2.&#160;Right of Indemnitee to Bring Suit.</i>&#160;If a
      claim under Section&#160;7.1 hereof is not paid in full by the Corporation
      within sixty days after a written claim has been received by the
      Corporation, except in the case of a claim for an Advancement of
      Expenses, in which case the applicable period shall be twenty days, the
      Indemnitee may at any time thereafter bring suit against the Corporation
      to recover the unpaid amount of the claim. If successful in whole or in
      part in any such suit, or in a suit brought by the Corporation to
      recover an Advancement of Expenses pursuant to the terms of an
      Undertaking, the Indemnitee shall be entitled to be paid also the
      expense of prosecuting or defending such suit. In (i)&#160;any suit brought
      by the Indemnitee to enforce a right to indemnification hereunder (but
      not in a suit brought by the Indemnitee to enforce a right to an
      Advancement of Expenses) it shall be a defense that, and (ii)&#160;in any
      suit by the Corporation to recover an Advancement of Expenses pursuant
      to the terms of an Undertaking the Corporation shall be entitled to
      recover such expenses upon a Final Adjudication that, the Indemnitee has
      not met the applicable standard of conduct set forth in the Delaware
      Law. Neither the failure of the Corporation (including its board of
      directors, independent legal counsel, or its stockholders) to have made
      a determination prior to the commencement of such suit that
      indemnification of the Indemnitee is proper in the circumstances because
      the Indemnitee has met the applicable standard of conduct set forth in
      the Delaware Law, nor an actual determination by the Corporation
      (including its board of directors, independent legal counsel, or its
      stockholders) that the Indemnitee has not met such applicable standard
      of conduct, shall create a presumption that the Indemnitee has not met
      the applicable standard of conduct or, in the case of such a suit
      brought by the Indemnitee, be a defense to such suit. In any suit
      brought by the Indemnitee to enforce a right to indemnification or to an
      Advancement of Expenses hereunder, or by the Corporation to recover an
      Advancement of Expenses pursuant to the terms of an Undertaking, the
      burden of proving that the Indemnitee is not entitled to be indemnified,
      or to such Advancement of Expenses, under this Article VII or otherwise
      shall be on the Corporation.
    </p>
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        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

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    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;7.3.&#160;Non-Exclusivity of Rights.</i>&#160;The rights to
      indemnification and to the Advancement of Expenses conferred in this
      Article VII shall not be exclusive of any other right which any person
      may have or hereafter acquire under any statute, the Corporation&#8217;s
      Certificate or Incorporation, by-law, agreement, vote of stockholders or
      disinterested directors or otherwise.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;7.4.&#160;Insurance.</i>&#160;The Corporation may maintain
      insurance, at its expense, to protect itself and any director, officer,
      employee or agent of the Corporation or another corporation,
      partnership, joint venture, trust or other enterprise against any
      expense, liability or loss, whether or not the Corporation would have
      the power to indemnify such person against such expense, liability or
      loss under this Article VII or under the Delaware Law.
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;7.5.&#160;Indemnification of Employees and Agents of the
      Corporation.</i>&#160;The Corporation may, to the extent authorized from time
      to time by the board of directors, grant rights to indemnification, and
      to the Advancement of Expenses, to any employee or agent of the
      Corporation to the fullest extent of the provisions of this Article VII
      with respect to the indemnification and Advancement of Expenses of
      directors and officers of the Corporation.
    </p>
    <p style="text-align: center">
      Article VIII&#8212;Amendments
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <i>Section&#160;8.1.&#160;Amendments.</i>&#160;The by-laws of the Corporation
      may be altered, amended or repealed at any meeting of the Board of
      Directors upon notice thereof in accordance with these by-laws, or at
      any meeting of the stockholders by the vote of the holders of the
      majority of the stock issued and outstanding and entitled to vote at
      such meeting, in accordance with the provisions of the Certificate of
      Incorporation of the Corporation and of the laws of Delaware.
    </p>
    <p>

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<TYPE>EX-99.1
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<FILENAME>a5848562ex991.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Kopin
      Corporation Announces Stock Repurchase Program</b></font>
    </p>
    <p>
      TAUNTON, Mass.--(BUSINESS WIRE)--December 8, 2008--Kopin Corporation
      (NASDAQ: KOPN) announced today that its Board of Directors has
      authorized the repurchase of up to $15 million of the Company&#8217;s common
      stock.
    </p>
    <p>
      Kopin intends to finance the repurchase program with available cash. The
      Company plans to buy shares in the open market or through privately
      negotiated transactions from time to time, subject to market conditions
      and other factors and in compliance with applicable legal requirements.
      The plan does not obligate Kopin to acquire any particular amount of
      common stock, and can be suspended at any time at the Company&#8217;s sole
      discretion. Kopin has approximately 67.8 million shares of common stock
      outstanding. On December 5, 2008, the Company&#8217;s common stock closed at
      $1.96 per share.
    </p>
    <p>
      &#8220;We believe our stock is currently undervalued,&#8221; said Kopin President
      and Chief Executive Officer Dr. John C.C. Fan. &#8220;As a result, we see this
      repurchase program as a prudent use of capital that underscores our
      commitment to building long-term value for our shareholders. With nearly
      $92 million in cash and equivalents on our balance sheet as of September
      27, 2008, and no long-term debt, we have ample financial resources to
      fund this program while continuing to execute our growth strategy. At
      the same time, we recognize that maintaining a strong cash position is
      essential in light of the global economic environment, so we want to
      assure shareholders that our repurchase program will be implemented
      judiciously.&#8221;
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    <p>
      <b>About Kopin</b>
    </p>
    <p>
      Kopin Corporation produces lightweight, power-efficient, ultra-small
      liquid crystal displays and III-V products, including heterojunction
      bipolar transistors (HBTs), that are revolutionizing the way people
      around the world see, hear and communicate. Kopin has shipped more than
      30 million displays for a range of consumer and military applications
      including digital cameras, personal video eyewear, camcorders, thermal
      weapon sights and night vision systems. The Company's HBTs, which help
      to enhance battery life, talk time and signal clarity, have been
      integrated into billions of wireless handsets as well as into WiFi, VoIP
      and high-speed Internet data transmission systems. Kopin&#8217;s proprietary
      display and III-V technologies are protected by more than 200 global
      patents and patents pending. For more information, please visit Kopin's
      website at <u>www.kopin.com</u>.
    </p>
    <p>
      CyberDisplay and The NanoSemiconductor Company are trademarks of Kopin
      Corporation.
    </p>
    <p style="text-align: center">
      <b>Kopin &#8211; The NanoSemiconductor Company&#8482;</b>
    </p>
    <p>
      <b>Safe Harbor Statement</b>
    </p>
    <p>
      <i>Statements in this news release about Kopin&#8217;s plan to repurchase up
      to $15 million in common stock may be considered &#8220;forward-looking&#8221;
      statements under the &#8220;Safe Harbor&#8221; provisions of the Private Securities
      Litigation Reform Act of 1995. These include statements relating to
      Kopin&#8217;s plans to buy shares in the open market or through privately
      negotiated transactions from time to time; our belief that our stock is
      currently undervalued; our belief that this program is a prudent use of
      capital that underscores our commitment to building long-term value for
      our shareholders; our belief that we have ample resources to fund this
      program while continuing to execute our growth strategy; and our
      statement that the repurchase program will be implemented judiciously.
      These statements involve a number of risks and uncertainties that could
      cause actual results to differ materially from those expressed in the
      forward-looking statements. These risks and uncertainties include, but
      are not limited to, economic conditions and other factors that might
      affect the timing and the amount of the share repurchase; the potential
      that any share repurchase will not enhance shareholder value;
      competitive products, commodity pricing and other external factors that
      might affect Kopin&#8217;s position in the marketplace; and other risk factors
      and cautionary statements listed in the Company&#8217;s periodic reports and
      registration statements filed with the Securities and Exchange
      Commission, including the Annual Report on Form 10-K for the 12 months
      ended December 29, 2007, and the Company&#8217;s subsequent filings with the
      Securities and Exchange Commission.</i> <i>You should not place undue
      reliance on any forward-looking statements, which speak only as of the
      date on which they are made. The Company undertakes no responsibility to
      update any of these forward-looking statements to reflect events or
      circumstances occurring after the date of this report.</i>
    </p>
    <p style="text-align: center">

    </p>
    <p>
      CONTACT:<br>Kopin Corporation<br>Richard Sneider, 508-824-6696<br>Chief
      Financial Officer<br><u>Richard_Sneider@kopin.com</u><br>or<br>Sharon
      Merrill Associates, Inc.<br>Scott Solomon, 617-542-5300<br>Vice President<br><u>ssolomon@investorrelations.com</u>
    </p>
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