<SEC-DOCUMENT>0001171843-15-000023.txt : 20150102
<SEC-HEADER>0001171843-15-000023.hdr.sgml : 20150102
<ACCEPTANCE-DATETIME>20150102170507
ACCESSION NUMBER:		0001171843-15-000023
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20150102
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150102
DATE AS OF CHANGE:		20150102

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			3D SYSTEMS CORP
		CENTRAL INDEX KEY:			0000910638
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				954431352
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34220
		FILM NUMBER:		15501957

	BUSINESS ADDRESS:	
		STREET 1:		333 THREE D SYSTEMS CIRCLE
		CITY:			ROCK HILL
		STATE:			SC
		ZIP:			29730
		BUSINESS PHONE:		8033263900

	MAIL ADDRESS:	
		STREET 1:		333 THREE D SYSTEMS CIRCLE
		CITY:			ROCK HILL
		STATE:			SC
		ZIP:			29730

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	3 D SYSTEMS CORP
		DATE OF NAME CHANGE:	19930816
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>gff8k_010215.htm
<DESCRIPTION>FORM 8-K
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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B><BR>
<B>SECURITIES AND EXCHANGE COMMISSION</B></P>

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

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):&nbsp;
<B>January 2, 2015</B></P>

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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>3D SYSTEMS CORPORATION</B></P>

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

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

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
    <td style="vertical-align: top; width: 34%; text-align: center"><font style="font-size: 10pt"><b>Delaware</b></font></td>
    <td style="vertical-align: bottom; width: 2%; text-align: center">&nbsp;</td>
    <td style="vertical-align: top; width: 31%; text-align: center"><font style="font-size: 10pt"><b>001-34220</b></font></td>
    <td style="vertical-align: bottom; width: 2%; text-align: center">&nbsp;</td>
    <td style="vertical-align: top; width: 31%; text-align: center"><font style="font-size: 10pt"><b>95-4431352</b></font></td></tr>
<tr>
    <td style="vertical-align: top; text-align: center"><font style="font-size: 10pt">(State or other jurisdiction</font></td>
    <td style="vertical-align: bottom; text-align: center">&nbsp;</td>
    <td style="vertical-align: top; text-align: center"><font style="font-size: 10pt">(Commission</font></td>
    <td style="vertical-align: bottom; text-align: center">&nbsp;</td>
    <td style="vertical-align: top; text-align: center"><font style="font-size: 10pt">(IRS Employer</font></td></tr>
<tr>
    <td style="vertical-align: top; text-align: center"><font style="font-size: 10pt">of incorporation)</font></td>
    <td style="vertical-align: bottom; text-align: center">&nbsp;</td>
    <td style="vertical-align: top; text-align: center"><font style="font-size: 10pt">File Number)</font></td>
    <td style="vertical-align: bottom; text-align: center">&nbsp;</td>
    <td style="vertical-align: top; text-align: center"><font style="font-size: 10pt">Identification No.)</font></td></tr>
</table>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
<tr>
    <td style="vertical-align: top; width: 50%; text-align: center"><font style="font-size: 10pt"><b>333 Three D Systems Circle</b></font><br>
<font style="font-size: 10pt"><b>Rock Hill, South Carolina</b></font></td>
    <td style="vertical-align: bottom; width: 2%; text-align: center">&nbsp;</td>
    <td style="vertical-align: bottom; width: 48%; text-align: center"><font style="font-size: 10pt"><b>29730</b></font></td></tr>
<tr>
    <td style="vertical-align: top; text-align: center"><font style="font-size: 10pt">(Address of principal executive offices)</font></td>
    <td style="vertical-align: bottom; text-align: center">&nbsp;</td>
    <td style="vertical-align: top; text-align: center"><font style="font-size: 10pt">(Zip Code)</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant&rsquo;s telephone number, including
area code:&nbsp;&nbsp; <B>(803) 326-3900</B></P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form&nbsp;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):</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 20pt; text-indent: -20pt"><FONT STYLE="font-family: Wingdings">o</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 20pt; text-indent: -20pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 20pt; text-indent: -20pt"><FONT STYLE="font-family: Wingdings">o</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 20pt; text-indent: -20pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 20pt; text-indent: -20pt"><FONT STYLE="font-family: Wingdings">o</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pre-commencement communications pursuant to Rule&nbsp;14d-2(b)&nbsp;under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 20pt; text-indent: -20pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 20pt; text-indent: -20pt"><FONT STYLE="font-family: Wingdings">o</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pre-commencement communications pursuant to Rule&nbsp;13e-4(c)&nbsp;under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 20pt; text-indent: -20pt">&nbsp;</P>



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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On January 2, 2015, the Board of Directors
(the &ldquo;Board&rdquo;) of 3D Systems Corporation (the &ldquo;Company&rdquo;) adopted an amendment and restatement of the Company&rsquo;s
By-Laws (as so amended, the &ldquo;Amended By-Laws&rdquo;) to adopt a majority voting standard for the election of directors in
uncontested elections. The amendments affect Article II, Section 2.08 and Article III, Section 3.01 of the Company&rsquo;s By-Laws.
The Amended By-Laws became effectively immediately upon their adoption.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The new majority voting standard provides
that to be elected in an uncontested election, a director nominee must receive a majority of the votes cast with respect to that
nominee&rsquo;s election such that the number of votes cast &ldquo;for&rdquo; a nominee&rsquo;s election exceeds the number of
votes cast &ldquo;against&rdquo; that nominee&rsquo;s election. In contested elections where the number of nominees exceeds the
number of directors to be elected, the voting standard will continue to be a plurality of votes cast.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In connection with the adoption of the Amended
By-Laws, the Company also amended its Corporate Governance Guidelines (as amended, the &ldquo;Amended Corporate Governance Guidelines&rdquo;)
to include the requirement that with respect to director nominations, the Board will only nominate those incumbent directors who
submit irrevocable resignations effective upon the failure of such director nominee to receive the required vote for reelection
in an uncontested election and Board acceptance of such resignation. In the event an incumbent director fails to receive a majority
of the votes cast in an uncontested election, the Corporate Governance and Nominating Committee (the &ldquo;CGN Committee&rdquo;)
or such other committee designated by the Board will make a recommendation to the Board as to whether to accept or reject the resignation.
The Board must act on the resignation, taking into account the CGN Committee&rsquo;s recommendation, and publicly disclose its
decision regarding the resignation, including, if applicable, its rationale for rejecting a resignation, in a press release and
an appropriate disclosure with the Securities and Exchange Commission within 90 days following certification of the election results.
The CGN Committee in making its recommendation, and the Board in making its decision, may each consider any factors or other information
that it considers appropriate and relevant. The Amended Corporate Governance Guidelines will be available on the Company&rsquo;s
website at www.3dsystems.com/investor/corporate-governance.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If the Board accepts a director&rsquo;s
resignation, then the Board may fill any resulting vacancy pursuant to the provisions of Section 3.02 of the Amended By-Laws or
may decrease the size of the Board pursuant to the provisions of Section 3.01 of the Amended By-Laws. If a director&rsquo;s resignation
is not accepted by the Board, such director will continue to serve until the next annual meeting and until his or her successor
is duly elected, or his or her earlier resignation or removal.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The foregoing description of the Amended
By-Laws does not purport to be complete and is qualified in its entirety by reference to the Amended By-Laws, which are attached
to this Current Report on Form 8-K as Exhibit 3.1 and incorporated herein by reference.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">3.1&#9;Amended and Restated Bylaws of 3D Systems
Corporation (as adopted January 2, 2015).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

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

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

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

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

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

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
    <td style="vertical-align: top; width: 47%; padding-right: 0.7pt">&nbsp;</td>
    <td style="vertical-align: bottom; width: 2%">&nbsp;</td>
    <td style="vertical-align: top; width: 51%; padding-right: 0.7pt"><b>3D SYSTEMS CORPORATION</b></td></tr>
<tr>
    <td style="vertical-align: top; padding-right: 0.7pt">Date: January 2, 2015</td>
    <td style="vertical-align: bottom; padding-right: 0.7pt">&nbsp;</td>
    <td style="vertical-align: top; padding-right: 0.7pt">&nbsp;</td></tr>
<tr>
    <td style="vertical-align: top; padding-right: 0.7pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.7pt">&nbsp;</td>
    <td style="vertical-align: bottom; border-bottom: Black 1.1pt solid; padding-right: 0.7pt; padding-left: 0.5in; text-indent: -0.5in">By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Andrew M. Johnson</td></tr>
<tr>
    <td style="vertical-align: top; padding-right: 0.7pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.7pt">&nbsp;</td>
    <td style="vertical-align: top; padding-right: 0.7pt; padding-bottom: 6pt; text-align: center">(Signature)</td></tr>
<tr>
    <td style="vertical-align: top; padding-right: 0.7pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.7pt">&nbsp;</td>
    <td style="vertical-align: top; padding-right: 0.7pt">Name: Andrew M. Johnson</td></tr>
<tr>
    <td style="vertical-align: top; padding-right: 0.7pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.7pt">&nbsp;</td>
    <td style="vertical-align: top; padding-right: 0.7pt; padding-left: 0.5in; text-indent: -0.5in">Title: <i>Executive Vice
    President, Chief Legal Officer and Secretary</i></td></tr>
<tr>
    <td style="vertical-align: top; padding-right: 0.7pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.7pt">&nbsp;</td>
    <td style="vertical-align: top; padding-right: 0.7pt">&nbsp;</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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

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

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

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

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

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

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

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

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: bottom">
    <td nowrap style="border-bottom: Black 1.1pt solid"><b>Exhibit No.</b></td>
    <td style="width: 2%">&nbsp;</td>
    <td nowrap style="width: 84%; border-bottom: Black 1.1pt solid"><b>Exhibit Description</b></td></tr>
<tr>
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top">&nbsp;</td></tr>
<tr>
    <td style="vertical-align: top; text-align: center">3.1 </td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Amended and Restated Bylaws of 3D Systems Corporation (as adopted
        January 2, 2015).</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></td></tr>
<tr>
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top">&nbsp;</td></tr>
</table>


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<TYPE>EX-3
<SEQUENCE>2
<FILENAME>exh_31.htm
<DESCRIPTION>EXHIBIT 3.1
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in">EXHIBIT 3.1</P>

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

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

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

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">3D SYSTEMS CORPORATION</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">As amended January 2, 2015</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
1.01. </B></FONT><B><I>Registered Office</I></B>. The registered office of 3D Systems Corporation (the &ldquo;Corporation&rdquo;)
shall be in Wilmington, Delaware.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
1.02. </B></FONT><B><I>Principal Office</I></B>. The Corporation may have offices also at such other places within and without
the State of Delaware as the Board of Directors (the &ldquo;Board&rdquo;) may from time to time determine or as the business of
the Corporation may require.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
1.03. </B></FONT><B><I>Other Offices</I></B>. The Corporation may establish any additional offices, at any place or places, as
the Board may designate or as the business of the Corporation shall require.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
2.01. </B></FONT><B><I>Place</I></B>. Meetings of the stockholders of the Corporation (the &ldquo;Stockholders&rdquo;) shall be
held at such place either within or without the State of Delaware as shall be designated from time to time by a resolution of a
majority of the Board then in office.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
2.02. </B></FONT><B><I>Annual Meetings</I></B>. The annual meeting of the Stockholders shall, unless otherwise provided by the
Board, be held on the third Tuesday in May each year. At each annual meeting of the Stockholders, the Stockholders shall elect
directors, vote upon the ratification of the selection of the independent auditors selected for the Corporation for the then current
fiscal year of the Corporation, and transact such other business as may properly be brought before the meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
2.03. </B></FONT><B><I>Notice of Meetings</I></B>. Notice of the place, if any, date, and time of all meetings of the Stockholders,
and the means of remote communications, if any, by which Stockholders and proxyholders may be deemed to be present in person and
vote at such meeting, shall be given, not less than 10 nor more than 60 days before the date on which the meeting is to be held,
to each holder of Voting Stock entitled to vote at such meeting, except as otherwise provided herein or required by law. When a
meeting is adjourned to another time or place, notice need not be given of the adjourned meeting if the time and place, if any,
thereof, and the means of remote communications, if any, by which Stockholders and proxyholders may be deemed to be present in
person and vote at such adjourned meeting are announced at the meeting at which the adjournment is taken; <I>provided, however</I>,
that if the date of any adjourned meeting is more than 30 days after the date for which the meeting was originally noticed, or
if a new record date is fixed for the adjourned meeting, notice of the place, if any, date, and time of the adjourned meeting and
the means of remote communications, if any, by which Stockholders and proxyholders may be deemed to be present in person and vote
at such adjourned meeting, shall be given in conformity herewith. At any adjourned meeting, any business may be transacted which
might have been transacted at the original meeting.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
2.04. </B></FONT><B><I>Special Meetings</I></B>. Special meetings of the Stockholders may be called by the chief executive officer
or the president or by resolution of the Board and, subject to any contrary provision in the Certificate of Incorporation and to
the procedures set forth in this section, shall be called by the chief executive officer or the secretary at the request in writing
of Stockholders owning a majority of the voting power of the then outstanding Voting Stock. Any such resolution or request shall
state the purpose or purposes of the proposed meeting. Such meeting shall be held at such time and date as may be fixed by a resolution
of a majority of the Board then in office. The Board may postpone fixing the time and date of a special meeting to be held at the
request of Stockholders in order to allow the secretary to determine the validity of such request, <I>provided</I>, that if such
request is determined to be valid, then the Board shall fix the date of such special meeting to be no later than 90 days after
such determination. For the purposes of these By-Laws, the term &ldquo;Voting Stock&rdquo; shall have the meaning of such term
set forth in the Certificate of Incorporation or, if not defined therein, &ldquo;Voting Stock&rdquo; shall mean the outstanding
shares of capital stock of the Corporation entitled to vote generally in the election of directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
2.05. </B></FONT><B><I>Business Transacted</I></B>. Business transacted at any special meeting of Stockholders shall be limited
to the purposes stated in the notice.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
2.06. </B></FONT><B><I>List of Stockholders</I></B>. The officer who has charge of the stock ledger of the Corporation shall prepare
and make or cause to be prepared and made, at least ten days before every meeting of Stockholders, a complete list of the holders
of Voting Stock entitled to vote at said meeting, arranged in alphabetical order with the address of and the number of voting shares
registered in the name of each. Such list shall be open for ten days prior to the meeting to the examination of any Stockholders,
for any purpose germane to the meeting, during ordinary business hours, either at a place within the city where the meeting is
to be held, which place shall be specified in the notice of meeting, or, if not so specified, at the place where the meeting is
to be held, and shall be produced and kept at the time and place of said meeting during the whole time thereof, and may be inspected
by any Stockholder who is present.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
2.07. </B></FONT><B><I>Quorum</I></B>. Except as otherwise provided by these By-laws, the presence of the holders of a majority
of the voting power of the outstanding Voting Stock at any meeting of the Stockholders, in person or by proxy, shall constitute
a quorum for the transaction of business. On all questions, the Stockholders present at a duly called or held meeting at which
a quorum is present may continue to do business until adjournment, notwithstanding the withdrawal of enough Stockholders to result
in less than a quorum, if any action taken (other than adjournment) is approved by at least a majority of the shares required to
constitute a quorum. In the absence of a quorum, the holders of Voting Stock present in person or by proxy and entitled to vote
at the meeting may, by majority vote, or, in the absence of all Stockholders, any officer entitled to preside at the meeting, shall
have the power to adjourn the meeting from time to time until holders of the requisite amount of Voting Stock shall be present
in person or by proxy. When specified business is to be voted on by a class or series of stock voting as a class, the holders of
a majority of the voting power of the shares of such class or series shall constitute a quorum of such class or series for the
transaction of such business.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
2.08. </B></FONT><B><I>Vote Required</I></B>. When a quorum is present at any meeting, the vote of the holders of a majority of
the voting power of the Voting Stock present in person or represented by proxy shall decide any questions brought before such meeting,
except as otherwise provided by statute or the Certificate of Incorporation or these By-laws.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
2.09. </B></FONT><B><I>Proxies</I></B>. Each holder of Voting Stock entitled to vote at a meeting of Stockholders or to express
consent or dissent to corporate action in writing without a meeting may authorize another person or persons to act for such holder
by proxy, but no such proxy shall be voted or acted upon after three years from its date, unless the proxy provides for a longer
period. Any such proxy shall be delivered to the secretary of such meeting, at or prior to the time designated in the order of
business for so delivering such proxies. A duly executed proxy shall be irrevocable if it states that it is irrevocable and if,
and only so long as, it is coupled with an interest sufficient in law to support an irrevocable power. A proxy may be made irrevocable
regardless of whether the interest with which it is coupled is an interest in the stock itself or an interest in the Corporation
generally.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
2.10. </B></FONT><B><I>Inspectors of Election</I></B>. In advance of any meeting of the stockholders, the Board or the presiding
officer of such meeting may appoint one or more inspectors of election to act at such meeting or at any adjournments thereof and
make a written report thereof. One or more persons may&nbsp;also be designated by the Board or such presiding officer as alternate
inspectors to replace any inspector who fails to act. If no inspector or alternate is able to act at a meeting of stockholders,
the presiding officer of such meeting shall appoint one or more inspectors to act at such meeting. No director or nominee for the
office of director at such meeting shall be appointed an inspector of election. Each inspector, before entering on the discharge
of the inspector&rsquo;s duties, shall first take and sign an oath faithfully to execute the duties of inspector at such meeting
with strict impartiality and according to the best of such person&rsquo;s ability. The inspectors of election shall, in accordance
with the requirements of the Delaware General Corporation Law, (a) ascertain the number of shares outstanding and the voting power
of each, (b) determine the shares represented at the meeting and the validity of proxies and ballots, (c)&nbsp;count all votes
and ballots, (d)&nbsp;determine and retain for a reasonable period and file with the secretary of the meeting a record of the disposition
of any challenges made to any determination by the inspectors, and (e)&nbsp;make and file with the secretary of the meeting a certificate
of their determination of the number of shares represented at the meeting and their count of all votes and ballots. The inspectors
may&nbsp;appoint or retain other persons or entities to assist the inspectors in the performance of the duties of the inspectors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
2.11. </B></FONT><B><I>Procedures for Meetings</I></B>. Meetings of Stockholders shall be presided over by the chief executive
officer or in his or her absence by a presiding officer designated by the Board, or in the absence of such designation by a presiding
officer chosen at the meeting. The secretary shall act as secretary of the meeting, but in his or her absence the presiding officer
of the meeting may appoint any person to act as secretary of the meeting. The date and time of the opening and the closing of the
polls for each matter upon which the Stockholders will vote at a meeting shall be announced at such meeting by the presiding officer.
The Board may adopt by resolution such rules or regulations for the conduct of meetings of Stockholders as it shall deem appropriate.
Except to the extent inconsistent with such rules and regulations as adopted by the Board, the presiding officer of any meeting
of Stockholders shall have the right and authority to prescribe such rules, regulations and procedures and to do all such acts
as, in the judgment of such chair, are appropriate for the proper conduct of the meeting. Such rules, regulations or procedures,
whether adopted by the Board or prescribed by the presiding officer, may include, without limitation, the following: (a) the establishment
of an agenda or order of business for the meeting; (b) rules and procedures for maintaining order at the meeting and the safety
of those present; (c) limitations on attendance at or participation in the meeting to Stockholders of record, their duly authorized
and constituted proxies or such other persons as the presiding officer shall permit; (d) restrictions on entry to the meeting after
the time fixed for the commencement thereof, and (e) limitations on the time allotted to questions or comments by participants.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
2.12. </B></FONT><B><I>Action Without Meeting</I></B>. Unless otherwise provided in the Certificate of Incorporation, any action
required or permitted to be taken at any annual or special meeting of Stockholders may be taken without a meeting, without prior
notice and without a vote, if a consent in writing, setting forth the action so taken, shall be signed by the holders of outstanding
Voting Stock having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting
at which all shares entitled to vote thereon were present and voted. Prompt notice of the taking of the corporate action without
a meeting by less than unanimous written consent shall be given to those holders of Voting Stock who have not consented in writing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
2.13. </B></FONT><B><I>Notice of Stockholder Nomination and Stockholder Business</I></B>. At an annual meeting of the Stockholders,
only such persons who are nominated in accordance with the procedures set forth in this section shall be eligible to stand for
election as directors and only such business shall be conducted as shall have been brought before the meeting in accordance with
the procedures set forth in these By-Laws. Nominations of persons for election to the Board of the Corporation and the proposal
of business to be considered by the Stockholders at an annual meeting of Stockholders may be made (a) pursuant to the Corporation&rsquo;s
notice of meeting, including matters covered by Rule 14a-8 under the Securities and Exchange Act of 1934, as amended (the &ldquo;Exchange
Act&rdquo;), (b) by or at the direction of the Board or (c) by any Stockholder of the Corporation who was a holder of Voting Stock
of record at the time of giving of notice by the Stockholder as provided in this section, who is entitled to vote at the meeting,
and who complies with the notice provision set forth in this section. A notice of the intent of a Stockholder to make a nomination
or to bring any other matter before an annual meeting must be made in writing and received by the secretary of the Corporation
no earlier than the 75th day and not later than the close of business on the 45th day prior to the first anniversary of the date
of mailing of the Corporation&rsquo;s proxy statement for the prior year&rsquo;s annual meeting. However, if the date of the annual
meeting has changed by more than 30 days from the date it was held in the prior year or if the Corporation did not hold an annual
meeting in the prior year, then such notice must be received a reasonable time before the Corporation mails its proxy statement
for the annual meeting. Every such notice by a Stockholder shall set forth (i) the name and address of such Stockholder as they
appear on the Corporation&rsquo;s books and the class and number of shares of the Corporation&rsquo;s Voting Stock that are owned
beneficially and of record by such Stockholder, (ii) a representation that the Stockholder is a holder of the Corporation&rsquo;s
Voting Stock and intends to appear in person or by proxy at the meeting to make the nomination or bring up the matter specified
in the notice; (iii) with respect to notice of an intent to make a nomination, a description of all arrangements or understandings
among the Stockholder and each nominee and any other person or persons (naming such person or persons) pursuant to which the nomination
or nominations are to be made by the Stockholder, and such other information regarding each nominee proposed by such Stockholder
as would have been required to be included in a proxy statement filed pursuant to the proxy rules of the Securities and Exchange
Commission had each nominee been nominated by the Board; and (iv) with respect to notice of an intent to bring up any other matter,
a description of the matter, the reasons for conducting such business at the meeting and any material interest of the Stockholder
in the matter. Notice of intent to make a nomination shall be accompanied by the written consent of each nominee to be named in
a proxy statement as a nominee and to serve as director of the Corporation if so elected. Except as otherwise provided by law or
by the Certificate of Incorporation, the presiding officer of the meeting shall have the power and authority to determine whether
a nomination or any business proposed to be brought before the meeting was made or proposed, as the case may be, in accordance
with the procedures set forth in this By-Law and whether such matter is an appropriate subject for Stockholder action under applicable
law, and, if it was not, to declare that such proposal or nomination shall be disregarded. Notwithstanding the foregoing provisions
of this section, 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. Nothing in this section shall be deemed to affect any rights
of Stockholders to request inclusion of proposals in the Corporation&rsquo;s proxy statement in accordance with Rule 14a-8 under
the Exchange Act or the holders of any series of preferred stock to elect directors under circumstances specified in the Certificate
of Incorporation.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
2.14. </B></FONT><B><I>Notice by Electronic Transmission</I></B>. Without limiting the manner by which notice otherwise may be
given effectively to Stockholders, any notice to Stockholders given by the Corporation under any law, the Certificate of Incorporation
or these By-Laws shall be effective if given by a form of electronic transmission then consented to by the Stockholder to whom
the notice is given.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
3.01. </B></FONT><B><I>Number, Election and Term of Office</I></B>. The number of directors of the Corporation shall be such number
as fixed from time to time by resolution of the Board; <I>provided, however,</I> no decrease in the number of directors shall shorten
the term of any incumbent directors. The directors shall be elected at the annual meeting of the Stockholders, except as otherwise
provided by statute, the Certificate of Incorporation or Section 3.02 of these By-Laws, and each director shall hold office until
a successor is elected and qualified or until such director&rsquo;s earlier resignation or removal. Directors need not be stockholders.
Each director shall be elected by the vote of the majority of the votes cast with respect to the nominee at any meeting for the
election of directors at which a quorum is present, <U>provided</U>, <U>however</U>, if, as determined by the secretary of the
Corporation, on the tenth (10<SUP>th</SUP>) day preceding the date the Corporation first mails its notice of meeting for such meeting
to the Stockholders, the number of nominees exceeds the number of directors to be elected (a &ldquo;Contested Election&rdquo;),
the directors shall be elected by the vote of a plurality of the votes cast. For purposes of this Section, a majority of the votes
cast means that the number of shares voted &ldquo;for&rdquo; a nominee must exceed the votes cast &ldquo;against&rdquo; such nominee&rsquo;s
election.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
3.02. </B></FONT><B><I>Vacancies</I></B>. Vacancies and newly created directorships resulting from any increase in the authorized
number of directors may be filled by a majority of the directors then in office, though less than a quorum, or by a sole remaining
director, and, except as otherwise provided by statute or the Certificate of Incorporation, each of the directors so chosen shall
hold office until the next annual election and until a successor is elected and qualified or until such director&rsquo;s earlier
resignation or removal.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
3.03. </B></FONT><B><I>Authority</I></B>. The business of the Corporation shall be managed by or under the direction of the Board,
which shall exercise 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 these By-Laws directed or required to be exercised or done by Stockholders.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
3.04. </B></FONT><B><I>Place of Meeting</I></B>. The Board or any committee thereof may hold meetings, both regular and special,
either within or without the State of Delaware.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
3.05. </B></FONT><B><I>Annual Meeting</I></B>. A regular meeting of the Board shall be held immediately following the adjournment
of the annual meeting of Stockholders. No notice of such meeting shall be necessary to the directors in order legally to constitute
the meeting, provided a quorum is present. In the event such meeting is not so held, the meeting may be held at such time and place
as shall be specified in a notice given as hereinafter provided for special meetings of the Board.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
3.06. </B></FONT><B><I>Regular Meetings</I></B>. Except as provided in Section 3.05, regular meetings of the Board may be held
without notice at such time and at such place as shall from time to time be determined by the Board.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
3.07. </B></FONT><B><I>Special Meetings</I></B>. Special meetings of the Board may be called by the chief executive officer, secretary
or the president and shall be called by the chief executive officer or the secretary on the written request of at least three directors.
Notice of special meetings of the Board shall be given to each director at least three calendar days before the meeting if by mail
or at least the calendar day before the meeting if given in person or by telephone, facsimile, telegraph, telex or similar means
of electronic transmission. The notice need not specify the business to be transacted.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
3.08. </B></FONT><B><I>Emergency Meetings</I></B>. In the event of an emergency which in the judgment of the chief executive officer
or the president requires immediate action, a special meeting may be convened without notice, consisting of those directors who
are immediately available in person or by telephone and can be joined in the meeting in person or by conference telephone. The
actions taken at such a meeting shall be valid if at least a quorum of the directors participates either personally or by conference
telephone.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
3.09. </B></FONT><B><I>Quorum; Vote Required</I></B>. At meetings of the Board, a majority of the directors at the time in office
shall 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. If a quorum shall not be present at any meeting of the Board, the directors
present thereat may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum
shall be present.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
3.10. </B></FONT><B><I>Chairman of the Board</I></B>. The Board may elect one of its members to be chairman of the board and may
fill any vacancy in the position of chairman of the board at such time and in such manner as the Board shall determine. The chairman
of the board may but need not be an officer of or employed by the Corporation. The chairman of the board, if such be elected, shall,
if present, preside at all meetings of the Board and exercise and perform such other powers and duties as be from time to time
assigned to him by the Board.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
3.11. </B></FONT><B><I>Committees</I></B>. The Board may, by resolution adopted by a majority of the whole Board, designate one
or more committees, each committee to consist of two or more of the directors of the Corporation. All committees may authorize
the seal of the Corporation to be affixed to all papers which may require it. To the extent provided in any resolution or by these
By-Laws, subject to any limitations set forth under the laws of the State of Delaware and the Certificate of Incorporation, any
such committee shall have and may exercise any of the powers and authority of the Board in the management of the business and affairs
of the Corporation. Such committee or committees shall have such name or names as may be determined from time to time by resolution
adopted by the Board. Unless the Board designates one or more directors as alternate members of any committee, who may replace
any absent or disqualified member at any meeting of the committee, the members of any such committee present at any meeting and
not disqualified from voting may, whether or not they constitute a quorum, unanimously appoint another member of the Board to act
at the meeting in the place of any absent or disqualified member of such committee. At meetings of any such committee, a majority
of the members or alternate members of such committee shall constitute a quorum for the transaction of business, and the act of
a majority of members or alternate members present at any meeting at which there is a quorum shall be the act of the committee.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
3.12. </B></FONT><B><I>Minutes of Committee Meetings</I></B>. The committees shall keep regular minutes of their proceedings and,
when requested to do so by the Board, shall report the same to the Board.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
3.13. </B></FONT><B><I>Action by Written Consent</I></B>. Any action required or permitted to be taken at any meeting of the Board
or of any committee thereof may be taken without a meeting if all the members of the Board or of such committee, as the case may
be, consent thereto in writing or by electronic transmission and the writing or electronic transmission or transmissions are filed
with the minutes of proceedings of the Board or committee.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
3.14. </B></FONT><B><I>Participation by Conference Telephone</I></B>. The members of the Board or any committee thereof may participate
in a meeting of the Board or such 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 such participation shall constitute presence in person at such
meeting.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
3.15. </B></FONT><B><I>Compensation of Directors</I></B>. The directors may be paid their expenses of attendance at each meeting
of the Board or of any special or standing committee thereof. The Board may establish by resolution from time to time the fees
to be paid to each director who is not an officer or employee of the Corporation or any of its subsidiaries for serving as a director
of the Corporation, for serving on any special or standing committee of the Board, and for attending meetings of the Board or of
any special or standing committee thereof. No such payment shall preclude any such director from serving the Corporation in any
other capacity and receiving compensation therefor.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
3.16. </B></FONT><B><I>Removal</I></B>. Subject to any limitations imposed by applicable law or by the Certificate of Incorporation,
the Board or any director may be removed from office at any time, with or without cause, by the affirmative vote of the holders
of a majority of the then outstanding Voting Stock.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
4.01. </B></FONT><B><I>Giving of Notice</I></B>. Notice to directors and Stockholders shall be deemed given: (a) if mailed, when
deposited in the United States mail, postage prepaid, directed to the Stockholder or director at such Stockholder&rsquo;s or director&rsquo;s
address as it appears on the records of the corporation; (b) if by facsimile telecommunication, when directed to a number at which
the Stockholder or director has consented to receive notice; (c) if by electronic mail, when directed to an electronic mail address
at which the Stockholder or director has consented to receive notice; (d) if by a posting on an electronic network together with
separate notice to the Stockholder or director of such specific posting, upon the later of (1) such posting and (2) the giving
of such separate notice; and (e) if by any other form of electronic transmission, when directed to the Stockholder or director.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
4.02. </B></FONT><B><I>Waiver of Notice</I></B>. Whenever any notice is required to be given under the provisions of the statutes
or of the Certificate of Incorporation or of these By-Laws, a waiver thereof in writing, signed by the person or persons entitled
to said notice, or a waiver by electronic transmission by the person entitled to 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="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
5.01. </B></FONT><B><I>Selection of Officers</I></B>. The officers of the Corporation shall be chosen by the Board at its first
meeting after each annual meeting of Stockholders and shall be a chief executive officer, a president, one or more vice presidents,
a secretary, a treasurer or chief financial officer, and such other officers as may from time to time be appointed by the Board.
Any number of offices may be held by the same person. The salaries of officers appointed by the Board shall be fixed from time
to time by the Board or by such officers as may be designated by resolution of the Board.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
5.02. </B></FONT><B><I>Powers and Duties in General</I></B>. The officers, assistant officers and agents shall each have such powers
and perform such duties in the management of the affairs, property and business of the Corporation, subject to the control and
limitation by the Board, as is designated by these By-Laws and as generally pertain to their respective offices, as well as such
powers and duties as may be authorized from time to time by the Board.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
5.03. </B></FONT><B><I>Term of Office; Resignation; Removal Vacancies</I></B>. The officers of the Corporation shall hold office
at the pleasure of the Board. Each officer shall hold office until a successor is elected and qualified or until such officer&rsquo;s
earlier death, resignation or removal. Any officer may resign at any time upon written notice to the Corporation. Any officer elected
or appointed by the Board may be removed at any time, with or without cause, by the Board. Any vacancy occurring in any office
of the Corporation by death, resignation, removal or otherwise shall be filled by the Board.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
5.04. </B></FONT><B><I>Chief Executive Officer</I></B>. The chief executive officer of the Corporation shall have the responsibility
for the general and active management and control of the affairs and business of the Corporation, shall perform all duties and
have all powers which are commonly incident to the office of chief executive or which are delegated to the chief executive officer
by the Board, and shall see that all orders and resolutions of the Board are carried into effect. The chief executive officer shall
have the authority to sign all certificates of stock, bonds, deeds, contracts and other instruments of the Corporation that are
authorized and shall have general supervision and direction of all of the other officers and agents of the Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
5.05. </B></FONT><B><I>President</I></B>. The president, who may also be the chief executive officer of the Corporation, shall
perform all duties and have all powers which are commonly incident to the office of president or which are delegated to the president
by the Board, and shall see that all orders and resolutions of the Board are carried into effect. In the absence or disability
of the chief executive officer, the president shall perform the duties and exercise the powers of the chief executive officer.
The president shall have the authority to sign all certificates of stock, bonds, deeds, contracts and other instruments of the
Corporation that are authorized.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
5.06. </B></FONT><B><I>Vice Presidents</I></B>. The vice presidents shall act under the direction of the chief executive officer
and in the absence or disability of both the chief executive officer and the president shall perform the duties and exercise the
powers of the chief executive officer. They shall perform such other duties and have such other powers as the chief executive officer
or the Board may from time to time prescribe. A vice president may be designated as general counsel who shall serve as the chief
legal officer and have general supervision over the Corporation&rsquo;s legal affairs. The Board may designate one or more executive
or senior vice presidents or may otherwise specify the order of seniority of the vice presidents, and in that event the duties
and powers of the chief executive officer shall descend to the vice presidents in such specified order of seniority.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
5.07. </B></FONT><B><I>Secretary</I></B>. The secretary shall act under the direction of the chief executive officer. Subject to
the direction of the chief executive officer, the secretary shall attend all meetings of the Board and all meetings of the Stockholders
and record the proceedings in a book to be kept for that purpose, and the secretary shall perform like duties for the standing
committees of the Board when requested to do so. The secretary shall give, or cause to be given, notice of all meetings of the
Stockholders and special meetings of the Board, shall have charge of the original stock books, stock transfer books and stock ledgers
of the Corporation, and shall perform such other duties as may be prescribed by the chief executive officer or the Board. The secretary
shall have custody of the seal of the Corporation and cause it to be affixed to any instrument requiring it, and when so affixed,
it may be attested by the secretary&rsquo;s signature. The Board may give general authority to any other officer to affix the seal
of the Corporation and to attest the affixing by such officer&rsquo;s signature.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
5.08. </B></FONT><B><I>Chief Financial Officer or Treasurer</I></B>. The chief financial officer or treasurer shall keep and maintain,
or cause to be kept and maintained, adequate and correct books and records of accounts of the properties and business transactions
of the Corporation, including accounts of its assets, liabilities, receipts, disbursements, gains, losses, capital, retained earnings
and shares, and shall send or cause to be sent to the Stockholders such financial statements and reports as are by law or these
By-Laws required to be sent to them. The books of account shall at all reasonable times be open for inspection by any director.
The chief financial officer or treasurer shall also perform such other duties as the Board may from time to time prescribe.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
5.09. </B></FONT><B><I>Action with Respect to Securities of Other Corporations</I></B>. Unless otherwise directed by the Board,
the chief executive officer or any other officer of the Corporation authorized by the chief executive officer shall have the power
to vote and otherwise act on behalf of the Corporation, in person or by proxy, at any meeting of Stockholders or with respect to
any action of stockholders of any other corporation in which this Corporation may hold securities and otherwise to exercise any
and all rights and powers which this Corporation may possess by reason of its ownership of securities in such other corporation.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article
6<BR>
CERTIFICATES OF STOCK</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
6.01. </B></FONT><B><I>Issuance</I></B>. The stock of the Corporation shall be represented by certificates, <I>provided</I> that
the Board may provide by resolution for any or all of the stock to be uncertificated shares. Every holder of stock in the Corporation
represented by certificates shall be entitled to have a certificate signed by, or in the name of the Corporation by, the chairman
or vice chairman of the board, if any, or the chief executive officer or president or vice president and the chief financial officer
or treasurer or an assistant treasurer or the secretary or an assistant secretary of the Corporation, certifying the number of
shares owned by such holder in the Corporation registered in certificated form.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
6.02. </B></FONT><B><I>Facsimile Signatures</I></B>. If a certificate is countersigned (a) by a transfer agent other than the Corporation
or its employee, or (b) by a registrar other than the Corporation or its employee, the signatures of the officers of the Corporation
may be facsimiles. In case any officer, transfer agent or registrar who has signed or whose facsimile signature has been placed
upon a certificate shall cease to be such officer, transfer agent or registrar before such certificate is issued, it may be issued
with the same effect as if he were such officer, transfer agent or registrar at the date of issue. The seal of the Corporation
or a facsimile thereof may, but need not, be affixed to certificates of stock.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
6.03. </B></FONT><B><I>Lost Certificates, Etc</I></B>. The Corporation may establish procedures for the issuance of a new certificate
of stock in place of any certificate theretofore issued by the Corporation alleged to have been lost, stolen or destroyed and may
in connection therewith require, among other things, the making of an affidavit of that fact by the person claiming the certificate
of stock to be lost, stolen or destroyed and the giving by such person to the Corporation of a bond in such sum as may be specified
pursuant to such procedures as indemnity against any claim that may be made against the Corporation with respect to the certificate
alleged to have been lost, stolen or destroyed.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
6.04. </B></FONT><B><I>Transfer</I></B>. Upon 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, assignment or authority to transfer, it shall be the
duty of the Corporation, if it shall be satisfied that all provisions of the Certificate of Incorporation, the By-Laws and the
laws regarding the transfer of shares have been duly complied with, to issue a new certificate to the person entitled thereto or
provide other evidence of the transfer, cancel the old certificate and record the transaction upon its books.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
6.05. </B></FONT><B><I>Registered Stockholders</I></B>. The Corporation shall be entitled to recognize the person registered on
its books as the owner of shares to be the exclusive owner for all purposes including voting and dividends, and the Corporation
shall not be bound to recognize any equitable or other claim to or interest in such share or shares on the part of any other person,
whether or not it shall have express or other notice thereof, except as otherwise provided by the laws of Delaware.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
6.06. </B></FONT><B><I>Record Date for Consents</I></B>. In order that the Corporation may determine the Stockholders entitled
to consent to corporate action in writing without a meeting, the Board may fix, in advance, a record date, which record date shall
not be more than ten days after the date upon which the resolution fixing the record date is adopted by the Board. Any record holder
of Voting Stock seeking to have the Stockholders authorize or take corporate action by written consent shall, by written notice
to the secretary, request the Board to fix a record date. The Board shall promptly, but in all events within ten days after the
date on which such request is received, adopt a resolution fixing the record date. If no record date has been fixed by the Board
within ten days after the receipt of such request and no prior action by the Board is required by applicable law, then the record
date shall be the first date on which a signed written consent setting forth the action taken or proposed to be taken is delivered
to the Corporation by delivery to its headquarters office to the attention of the secretary. Delivery shall be by hand or certified
or registered mail, return receipt requested. If no record date has been fixed by the Board and prior action by the Board is required
by applicable law, the record date for determining Stockholders entitled to consent shall be at the close of business on the date
on which the Board adopts the resolution taking such prior action. The Board may postpone action by written consent in order to
allow the secretary to conduct a reasonable and prompt investigation to ascertain the legal sufficiency of the consents. The secretary
may designate an independent inspector of election to conduct such investigation.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
6.07. </B></FONT><B><I>Record Dates</I></B>. In order that the Corporation may determine the Stockholders entitled to notice of
or to vote at any meeting of Stockholders or any adjournment thereof, or entitled to receive payment of any dividend or other distribution
or 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 may fix, in advance, a record date, which shall not be more than sixty or less
than ten days before the date of such meeting, and not more than sixty days prior to any other action. A determination of Stockholders
of record entitled to notice of or to vote at a meeting of Stockholders shall apply to any adjournment of the meeting; <I>provided,
however</I>, that the Board may fix a new record date for the adjourned meeting.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
7.01. </B></FONT><B><I>Declaration of Dividends</I></B>. Dividends upon the shares of the capital stock of the Corporation may
be declared and paid by the Board from the funds legally available therefor. Dividends may be paid in cash, in property, or in
shares of the capital stock of the Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
7.02. </B></FONT><B><I>Reserves</I></B>. The directors of the Corporation may set apart out of any of the funds of the Corporation
available for dividends a reserve or reserves for such purposes as the directors shall think conducive to the interest of the Corporation,
and the directors may modify or abolish any such reserve.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
7.03. </B></FONT><B><I>Fiscal Year</I></B>. The fiscal year of the Corporation shall be the calendar year.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
7.04. </B></FONT><B><I>Seal</I></B>. The corporate seal shall be in such form as the Board shall prescribe. Said seal may be used
by causing it or a facsimile thereof to be impressed or affixed or reproduced or otherwise.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
7.05. </B></FONT><B><I>Inspection of Books and Records by Stockholders</I></B>. Any Stockholder of record, in person or by attorney
or other agent, shall, upon written demand under oath stating the purpose thereof delivered to the Corporation&rsquo;s principal
place of business, have the right during the usual hours for business to inspect for any proper purpose the Corporation&rsquo;s
stock ledger, a list of its Stockholders and its other books and records, and to make copies or extracts therefrom. A proper purpose
shall mean a purpose reasonably related to such person&rsquo;s interest as a Stockholder. In every instance where an attorney or
other agent shall be the person who seeks the right to inspection, the demand under oath shall be accompanied by a power of attorney
or such other writing which authorizes the attorney or other agent to so act on behalf of the Stockholder.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
7.06. </B></FONT><B><I>Inspection of Books and Records by Directors</I></B>. Any director shall have the right to examine the Corporation&rsquo;s
stock ledger, a list of its Stockholders and its other books and records for a purpose reasonably related to his position as a
director. Such right to examine the records and books of the Corporation shall include the right to make copies and extract therefrom.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article
8<BR>
<BR>
INDEMNIFICATION OF DIRECTORS,<BR>
OFFICERS, EMPLOYEES AND OTHER AGENTS<BR>
<BR>
</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
8.01. </B></FONT><B><I>Definitions</I></B>. For the purposes of this Article 8, &ldquo;agent&rdquo; means any person who is or
was a director, officer, employee or other agent of the Corporation, or is or was serving at the request of the Corporation as
a director, officer, employee or agent of another foreign or domestic Corporation, partnership, joint venture, trust or other enterprise,
or was a director, officer, employee or agent of a foreign or domestic Corporation which was a predecessor Corporation of the Corporation
or of another enterprise at the request of such predecessor Corporation; &ldquo;proceeding&rdquo; means any threatened, pending
or complete action or proceeding, whether civil, criminal, administrative, or investigative; and &ldquo;expenses&rdquo; includes,
without limitation, attorneys&rsquo; fees and any expenses of establishing a right to indemnification under Sections 8.02 or 8.03
of these By-Laws.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For purposes of this
Article 8, references to &ldquo;the Corporation&rdquo; shall include, in addition to the Corporation, any constituent Corporation
(including any constituent of a constituent) absorbed in a consolidation or merger which, if its separate existence had continued,
would have had power and authority to indemnify its directors, officers, employees or agents, so that any person who is or was
a director, officer, employee or agent of such constituent Corporation, or is or was serving at the request of such constituent
Corporation as a director, officer, employee or agent of another Corporation, partnership, joint venture, trust or other enterprise,
shall stand in the same position under the provisions of this Article 8 with respect to the resulting or surviving Corporation
as such person would have with respect to such constituent Corporation if its separate existence had continued.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For purposes of this
Article 8, references to &ldquo;other enterprises&rdquo; shall include employee benefit plans; references to &ldquo;fines&rdquo;
shall include any excise taxes assessed on a person with respect to an employee benefit plan; and references to &ldquo;serving
at the request of the Corporation&rdquo; shall include any services as a director, officer, employee or agent of the Corporation
which imposes duties on, or involves services by, such director, officer, employee or agent with respect to an employee benefit
plan, its participants, or beneficiaries; and a person who acted in good faith and in a manner be reasonably believed to be in
the interest of the participants and beneficiaries of an employee benefit plan shall be deemed to have acted in a manner &ldquo;not
opposed to the best interests of the Corporation&rdquo; as referred to in this Article 8.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
8.02. </B></FONT><B><I>Actions Other Than by the Corporation</I></B>. The Corporation shall have power to indemnify any person
who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether
civil, criminal, administrative or investigative (other than an action by or in the right of the Corporation) by reason of the
fact that she or he is or was a director, officer, employee or agent of the Corporation, or is or was serving at the request of
the Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise,
against expenses (including attorneys&rsquo; fees), judgments, fines and amounts paid in settlement actually and reasonably incurred
by her or him in connection with such action, suit or proceeding, if she or he acted in good faith and in a manner he reasonably
believed to be in or not opposed to the best interests of the Corporation, and, with respect to any criminal action or proceeding,
had no reasonable cause to believe her or his conduct was unlawful. The termination of any action, suit or proceeding by judgment,
order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption
that the person did not act in good faith and in a manner which she or he reasonably believed to be in or not opposed to the best
interests of the Corporation, and, with respect to any criminal action or proceeding, had reasonable cause to believe that her
or his conduct was unlawful.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
8.03. </B></FONT><B><I>Actions by the Corporation</I></B>. The Corporation shall have power to indemnify any person who was or
is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the
Corporation to procure a judgment in its favor by reason of the fact that she or he is or was a director, officer, employee or
agent of the Corporation, or is or was serving at the request of the Corporation as a director, officer, employee or agent of another
Corporation, partnership, joint venture, trust or other enterprise against expenses (including attorneys&rsquo; fees) actually
and reasonably incurred by her or him in connection with the defense or settlement of such action or suit if she or he acted in
good faith and in a manner she or he reasonably believed to be in or not opposed to the best interests of the Corporation; provided,
however, no indemnification shall be made in respect of any claim, issue or matter as to which such person shall have been adjudge
to be liable to the Corporation, unless, and only to the extent that the Court of Chancery or the court in which such action or
suit was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances
of the case, such person is fairly and reasonably entitled to indemnity for such expenses which the Court of Chancery or such other
court shall deem proper.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
8.04. </B></FONT><B><I>Successful Defense</I></B>. To the extent that a director, officer, employee or agent of the Corporation
has been successful on the merits or otherwise in defense of any action, suit or proceeding referred to in Section 8.02 and 8.03
of these By-Laws, or its defense of any claim, issue or matter therein, she or he shall be indemnified against expenses (including
attorneys&rsquo; fees) actually and reasonably incurred by her or him in connection therewith.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
8.05. </B></FONT><B><I>Required Approval</I></B>. Any indemnification under Sections 8.02 and 8.03 of these By-Laws (unless ordered
by a court) shall be made by the Corporation only as authorized in the specific case upon a determination that indemnification
of the director, officer, employee or agent is proper in the circumstances because she or he has met the applicable standard of
conduct set forth in Section 8.02 and 8.03 of these By-Laws. Such determination shall be made (a) by the Board by a majority vote
of a quorum consisting of directors who were not parties to such action, suit or proceeding, or (b) if such disinterested directors
so direct, by independent legal counsel in a written opinion, or (c) by the affirmative vote of a majority of Stockholders.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
8.06. </B></FONT><B><I>Advance of Expenses</I></B>. Expenses incurred in defending a civil or criminal action, suit or proceeding
shall be paid by the Corporation in advance of the final disposition of such action, suit or proceeding upon receipt of an undertaking
by or on behalf of the director, officer, employee or agent to repay such amount if it shall ultimately be determined that she
or he is not entitled to be indemnified by the Corporation as authorized in this Article 8. Such expenses incurred by other employees
and agents may be so paid upon such terms and conditions, if any, as the Board deems appropriate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
8.07. </B></FONT><B><I>Contractual Rights</I></B>. The indemnification and advancement of expenses provided by this Article 8 shall
not be deemed exclusive of any other rights to which those seeking indemnification or advancement of expenses may be entitled under
any agreement, vote of the Stockholders or disinterested directors or otherwise, both as to action in her or his official capacity
and as to action in another capacity while holding such office, and shall continue as to a person who has ceased to be a director,
officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
8.08. </B></FONT><B><I>Limitations</I></B>. No indemnification or advance shall be made under this Article 8, except as provided
in Section 8.04 of these By-Laws, in any circumstances where it appears:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)&#9;that it would
be inconsistent with a provision of the Certificate of Incorporation, a resolution of the Stockholders or an agreement in affect
at the time of accrual of the alleged cause of action asserted in the proceeding in which the expenses were incurred or other amounts
were paid, which prohibits or otherwise limits indemnification; or</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)&#9;that it would
be inconsistent with any condition expressly imposed by a court in approving a settlement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
8.09. </B></FONT><B><I>Insurance and Similar Agreements</I></B>. The Corporation shall have the power to purchase and maintain
insurance on behalf of any person who is or was a director, officer, employee or agent of the Corporation, or is or was serving
at the request of the Corporation as a director, officer, employee or agent of another Corporation, partnership, joint venture,
trust or other enterprise against any liability asserted against her or him and incurred by her or him in any such capacity, or
arising out of her or his status as such, whether or not the Corporation would have the power to indemnify her or him against such
liability under the provisions of this Article 8.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Corporation may
create a trust fund, grant a security interest and/or use other means (including, without limitation, letters of credit, surety
bonds and/or other similar arrangements), as well as enter into contracts pursuant to the provisions of Section 8.07 of these By-Laws
and including as part thereof provisions with respect to any or all of the foregoing to insure the payment of such amounts as may
become necessary to effect indemnification as provided for therein or elsewhere.</P>

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

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
9.01. </B></FONT><B><I>By the Stockholders</I></B>. Except as otherwise provided by statute or the Certificate of Incorporation,
these By-Laws may be amended by the affirmative vote of the holders of at least a majority of the voting power of the then outstanding
Voting Stock, voting together as a single class at any annual or special meeting of the Stockholders, <I>provided</I> that notice
of intention to amend shall have been contained in the notice of the meeting.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>Section
9.02. </B></FONT><B><I>By the Board</I></B>. The Board by a resolution of a majority of the Board at any meeting may amend these
By-Laws, including by-laws adopted by the Stockholders, but the Stockholders may, except as otherwise provided by statute or the
Certificate of Incorporation, from time to time specify particular provisions of the By-Laws which shall not be amended by the
Board.</P>

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