<SEC-DOCUMENT>0001144204-17-023195.txt : 20170428
<SEC-HEADER>0001144204-17-023195.hdr.sgml : 20170428
<ACCEPTANCE-DATETIME>20170428160321
ACCESSION NUMBER:		0001144204-17-023195
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170425
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170428
DATE AS OF CHANGE:		20170428

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LAKELAND INDUSTRIES INC
		CENTRAL INDEX KEY:			0000798081
		STANDARD INDUSTRIAL CLASSIFICATION:	ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES [3842]
		IRS NUMBER:				133115216
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-15535
		FILM NUMBER:		17795345

	BUSINESS ADDRESS:	
		STREET 1:		3555 VETERANS MEMORIAL HIGHWAY
		STREET 2:		SUITE C
		CITY:			RONKONKOMA
		STATE:			NY
		ZIP:			11779
		BUSINESS PHONE:		6319819700

	MAIL ADDRESS:	
		STREET 1:		3555 VETERANS MEMORIAL HIGHWAY
		STREET 2:		SUITE C
		CITY:			RONKONKOMA
		STATE:			NY
		ZIP:			11779
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v465602_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

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

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

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

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

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event
reported): April 25, 2017</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"><B>Lakeland Industries, Inc.</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 STYLE="vertical-align: top">
    <TD STYLE="width: 33%; border-bottom: Black 1pt solid; padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Delaware</B></FONT></TD>
    <TD STYLE="width: 34%; border-bottom: Black 1pt solid; padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>0-15535</B></FONT></TD>
    <TD STYLE="width: 33%; border-bottom: Black 1pt solid; padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>13-3115216</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">(State or other jurisdiction </FONT></TD>
    <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">(Commission </FONT></TD>
    <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">(IRS Employer</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">of incorporation) </FONT></TD>
    <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">File Number)</FONT></TD>
    <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;Identification No.)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 50%; border-bottom: Black 1pt solid; padding: 0; font-weight: bold; text-align: center; text-indent: 0">3555 Veterans Memorial Hwy, Suite C, Ronkonkoma, New York</TD>
    <TD STYLE="vertical-align: bottom; width: 50%; border-bottom: Black 1pt solid; padding: 0; font-weight: bold; text-align: center; text-indent: 0">11779-7410</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">(Address of principal executive offices)</FONT></TD>
    <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">(Zip Code)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant&rsquo;s telephone number, including
area code: <B><U>(631) 981-9700</U></B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 85%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Not Applicable</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">(Former Name or Former Address, if Changed Since Last Report)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;&nbsp;</B></P>


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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1in; padding: 0; text-indent: 0"><B>Item 5.03&nbsp;&nbsp;&nbsp;</B></TD>
    <TD STYLE="padding: 0; text-indent: 0"><B>Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On April 25, 2017, the Board of Directors
of Lakeland Industries, Inc. (the &ldquo;Company&rdquo;) approved the Amended and Restated By-Laws of the Company, effective as
of that same date.</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">A copy of the Amended and Restated By-Laws
is attached hereto as Exhibit 3.1 and incorporated herein by reference.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1in; padding: 0; text-indent: 0"><B>Item 9.01&nbsp;&nbsp;&nbsp;</B></TD>
    <TD STYLE="padding: 0; text-indent: 0"><B>Financial Statements and Exhibits.</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in; padding: 0; text-indent: 0">(d)</TD>
    <TD STYLE="padding: 0; text-indent: 0">Exhibits.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">3.1</TD>
    <TD STYLE="padding: 0; text-indent: 0">Amended and Restated By-Laws of Lakeland Industries, Inc. </TD></TR>
</TABLE>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Date: April 28, 2017</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 65%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 35%; padding: 0; text-indent: 0">LAKELAND INDUSTRIES, INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0"><I>&nbsp;</I></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; text-indent: 0"><I>/s/ Christopher J. Ryan</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">Christopher J. Ryan</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">Chief Executive Officer &amp; President</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



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

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<DOCUMENT>
<TYPE>EX-3.1
<SEQUENCE>2
<FILENAME>v465602_ex3-1.htm
<DESCRIPTION>EXHIBIT 3.1
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

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

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



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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="text-transform: none">OF</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="text-transform: none">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="text-transform: none">LAKELAND
INDUSTRIES, INC.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Incorporated under the Laws of the State
of Delaware</P>

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 1.1.&#9;<U>Delaware Office</U>. The
registered office of the Corporation shall be located in the City of Wilmington, County of New Castle, State of Delaware. The name
of its registered agent at such address is The Corporation Trust Company</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 1.2.&#9;<U>Other Offices</U>. The
Corporation may have such other offices, either inside or outside the State of Delaware, as the Board of Directors may from time
to time designate or as the business of the Corporation may require.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SECTION 1.3.&#9;&#9;<U>Books and Records</U>. The books and
records of the Corporation may be kept inside or outside the State of Delaware at such place or places as may from time to time
be designated by the Board of Directors.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 2.1.&#9;<U>Annual Meeting</U>. The
annual meeting of the stockholders of the Corporation shall be held on such date and at such place and time as may be fixed by
resolution of the Board of Directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 2.2.&#9;<U>Special Meeting</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject
to the rights of the holders of any series of stock having a preference over the Common Stock of the Corporation as to dividends,
voting or upon liquidation (the &ldquo;Preferred Stock&rdquo;) with respect to such series of Preferred Stock, special meetings
of the stockholders may be called only by or at the direction of (1)&nbsp;the Board of Directors pursuant to a resolution adopted
by a majority of the total number of directors which the Corporation would have if there were no vacancies (the &ldquo;Whole Board&rdquo;)
or (2)&nbsp;the Chairman of the Board of Directors or the Chief Executive Officer (or in the event of his or her absence or disability,
by the President or any Executive Vice President), in each case with the concurrence of the majority of the Board of Directors.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
record date for, and the place, date and time of, any special meeting shall be fixed by the Board of Directors</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 2.3.&#9;<U>Place of Meeting</U>. The
Board of Directors or the Chairman of the Board, as the case may be, may designate the place of meeting for any annual or special
meeting of the stockholders or may designate that the meeting be held by means of remote communication. If no designation is so
made, the place of meeting shall be the principal office of the Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 2.4.&#9;<U>Notice of Meeting</U>.
Written or printed notice, stating the place, if any, date and hour of the meeting, the means of remote communications, if any,
by which stockholders and proxy holders may be deemed to be present in person and vote at such meeting, and in the case of a special
meeting, the purpose or purposes for which the meeting is called, shall be given by the Corporation not less than ten (10) days
nor more than sixty (60) days before the date of the meeting, either personally, by electronic transmission in the manner provided
in Section 232 of the General Corporation Law of the State of Delaware (except to the extent prohibited by Section 232(e) of the
General Corporation Law of the State of Delaware) or by mail, to each stockholder of record entitled to vote at such meeting. If
mailed, such notice shall be deemed to be given when deposited in the United States mail with postage thereon prepaid, addressed
to the stockholder at such stockholder&rsquo;s address as it appears on the records of the Corporation. If notice is given by electronic
transmission, such notice shall be deemed to be given at the times provided in the General Corporation Law of the State of Delaware.
Such further notice shall be given as may be required by applicable law. Meetings may be held without notice if all stockholders
entitled to vote are present, or if notice is waived by those not present in accordance with Section&nbsp;7.4 of these By-laws.
Any previously scheduled meeting of the stockholders may be postponed, and (unless the Certificate of Incorporation otherwise provides)
any special meeting of the stockholders may be cancelled, by resolution of the Board of Directors upon public notice given prior
to the date previously scheduled for such meeting of stockholders.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 2.5.&#9;<U>Quorum and Adjournment</U>.
Except as otherwise provided by law or by the Certificate of Incorporation, the holders of a majority of the outstanding shares
of the Corporation entitled to vote generally in the election of directors (the &ldquo;Voting Stock&rdquo;), represented in person
or by proxy, shall constitute a quorum at a meeting of stockholders, except that 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 shares of such class or series shall constitute a
quorum of such class or series for the transaction of such business. The Chairman of the Board of Directors or the Chief Executive
Officer may adjourn the meeting from time to time, whether or not there is a quorum. No notice of the time and place, if any, of
adjourned meetings need be given except as required by applicable law. The stockholders present at a duly called meeting at which
a quorum is present may continue to transact business until adjournment, notwithstanding the withdrawal of enough stockholders
to leave less than a quorum.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 2.6.&#9;<U>Organization</U>. Meetings
of stockholders shall be presided over by such person as the Board of Directors may designate as chairman of the meeting, or in
the absence of such a person, the Chairman of the Board, or if none or in the Chairman of the Board&rsquo;s absence or inability
to act, the Chief Executive Officer, or if none or in the Chief Executive Officer&rsquo;s absence or inability to act, the President,
or if none or in the President&rsquo;s absence or inability to act, a Vice President, or, if none of the foregoing is present or
able to act, by a chairman to be chosen by the holders of a majority of the shares entitled to vote who are present in person or
by proxy at the meeting. The Secretary, or in the Secretary&rsquo;s absence, an Assistant Secretary, shall act as secretary of
every meeting, but if neither the Secretary nor an Assistant Secretary is present, the presiding officer of the meeting shall appoint
any person present to act as secretary of the meeting. <FONT STYLE="background-color: white">The Board of Directors shall be entitled
to make such rules or regulations for the conduct of meetings of stockholders as it shall deem necessary, appropriate or convenient.
Subject to such rules and regulations of the Board of Directors, if any, the chairman of the meeting 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 chairman, are necessary,
appropriate or convenient for the proper conduct of the meeting, including, without limitation, establishing an agenda or order
of business for the meeting, rules and procedures for maintaining order at the meeting and the safety of those present, limitations
on participation in the meeting to stockholders of record of the Corporation, their duly authorized and constituted proxies and
such other persons as the chairman shall permit, restrictions on entry to the meeting after the time fixed for the commencement
thereof, limitations on the time allotted to questions or comments by participants and regulation of the opening and closing of
the polls for balloting and matters which are to be voted on by ballot.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 2.7.&#9;<U>Proxies</U>. At all meetings
of stockholders, a stockholder may vote by proxy executed in writing (or in such manner prescribed by the General Corporation Law
of the State of Delaware) by the stockholder, or by such stockholder&rsquo;s duly authorized attorney in fact.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 2.8.&#9;<U>Order of Business</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Annual
Meetings of Stockholders</U>. At any annual meeting of the stockholders, only such nominations of individuals for election to the
Board of Directors shall be made, and only such other business shall be conducted or considered, as shall have been properly brought
before the meeting. For nominations to be properly made at an annual meeting, and proposals of other business to be properly brought
before an annual meeting, nominations and proposals of other business must be: (a) specified in the Corporation&rsquo;s notice
of meeting (or any supplement thereto) given by or at the direction of the Board of Directors, (b) otherwise properly made at the
annual meeting, by or at the direction of the Board of Directors or (c) otherwise properly requested to be brought before the annual
meeting by a stockholder of the Corporation in accordance with these By-laws. For nominations of individuals for election to the
Board of Directors or proposals of other business to be properly requested by a stockholder to be made at an annual meeting, a
stockholder must (i) be a stockholder of record at the time of giving of notice of such annual meeting by or at the direction of
the Board of Directors and at the time of the annual meeting, (ii) be entitled to vote at such annual meeting and (iii) comply
with the procedures set forth in these By-laws as to such business or nomination. The immediately preceding sentence shall be the
exclusive means for a stockholder to make nominations or other business proposals (other than matters properly brought under Rule
14a-8 under the Exchange Act and included in the Corporation&rsquo;s notice of meeting) before an annual meeting of stockholders.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Special
Meetings of Stockholders</U>. At any special meeting of the stockholders, only such business shall be conducted or considered as
shall have been properly brought before the meeting pursuant to the Corporation&rsquo;s notice of meeting. To be properly brought
before a special meeting, proposals of business must be (a) specified in the Corporation&rsquo;s notice of meeting (or any supplement
thereto) given by or at the direction of the Board of Directors or (b) otherwise properly brought before the special meeting, by
or at the direction of the Board of Directors; <U>provided</U>, <U>however</U>, that nothing herein shall prohibit the Board of
Directors from submitting additional matters to stockholders at any such special meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Nominations of individuals for election to
the Board of Directors may be made at a special meeting of stockholders at which directors are to be elected pursuant to the Corporation&rsquo;s
notice of meeting (a) by or at the direction of the Board of Directors or (b) provided that the Board of Directors has determined
that directors shall be elected at such meeting, by any stockholder of the Corporation who (i) is a stockholder of record at the
time of giving of notice of such special meeting and at the time of the special meeting, (ii) is entitled to vote at the meeting,
and (iii)&nbsp;complies with the procedures set forth in these By-laws as to such nomination. This Section&nbsp;2.8(B) shall be
the exclusive means for a stockholder to make nominations before a special meeting of stockholders.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>General</U>.
Except as otherwise provided by law, the Certificate of Incorporation or these By-laws, the chairman of any annual or special meeting
shall have the power to determine whether a nomination or any other business proposed to be brought before the meeting was made
or proposed, as the case may be, in accordance with these By-laws and, if any proposed nomination or other business is not in compliance
with these By-laws, to declare that no action shall be taken on such nomination or other proposal and such nomination or other
proposal shall be disregarded.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 2.9.&#9;<U>Advance Notice of Stockholder
Business and Nominations</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Annual
Meeting of Stockholders</U>. Without qualification or limitation, subject to Section 2.9(C)(4) of these By-laws, for any nominations
or any other business to be properly brought before an annual meeting by a stockholder pursuant to Section&nbsp;2.8(A) of these
By-laws, the stockholder must have given timely notice thereof (including, in the case of nominations, the completed and signed
questionnaire, representation and agreement required by Section 2.10 of these By-laws), and timely updates and supplements thereof,
in each case in proper form, in writing to the Secretary, and such other business must otherwise be a proper matter for stockholder
action.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">To be timely, a stockholder&rsquo;s notice
shall be delivered to the Secretary at the principal executive offices of the Corporation not earlier than the close of business
on the 120th day and not later than the close of business on the 90th day prior to the first anniversary of the preceding year&rsquo;s
annual meeting; <U>provided</U>, <U>however</U>, that in the event that the date of the annual meeting is more than 30 days before
or more than 60 days after such anniversary date, notice by the stockholder must be so delivered not earlier than the close of
business on the 120th day prior to the date of such annual meeting and not later than the close of business on the later of the
90th day prior to the date of such annual meeting or, if the first public announcement of the date of such annual meeting is less
than 100 days prior to the date of such annual meeting, the 10th day following the day on which public announcement of the date
of such meeting is first made by the Corporation. In no event shall any adjournment or postponement of an annual meeting, or the
public announcement thereof, commence a new time period for the giving of a stockholder&rsquo;s notice as described above.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Notwithstanding anything in the immediately
preceding paragraph to the contrary, in the event that the number of directors to be elected to the Board of Directors is increased
by the Board of Directors, and there is no public announcement by the Corporation naming all of the nominees for director or specifying
the size of the increased Board of Directors at least 100 days prior to the first anniversary of the preceding year&rsquo;s annual
meeting, a stockholder&rsquo;s notice required by this Section 2.9(A) shall also be considered timely, but only with respect to
nominees for any new positions created by such increase, if it shall be delivered to the Secretary at the principal executive offices
of the Corporation not later than the close of business on the 10th day following the day on which such public announcement is
first made by the Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">In addition, to be considered timely, a stockholder&rsquo;s
notice shall further be updated and supplemented, if necessary, so that the information provided or required to be provided in
such notice shall be true and correct as of the record date for the meeting and as of the date that is ten (10) business days prior
to the meeting or any adjournment or postponement thereof, and such update and supplement shall be delivered to the Secretary at
the principal executive offices of the Corporation not later than five (5) business days after the record date for the meeting
in the case of the update and supplement required to be made as of the record date, and not later than eight (8) business days
prior to the date for the meeting or any adjournment or postponement thereof in the case of the update and supplement required
to be made as of ten (10)&nbsp;business days prior to the meeting or any adjournment or postponement thereof. For the avoidance
of doubt, the obligation to update and supplement as set forth in this paragraph or any other Section of these By-Laws shall not
limit the Company&rsquo;s rights with respect to any deficiencies in any notice provided by a stockholder, extend any applicable
deadlines hereunder or enable or be deemed to permit a stockholder who has previously submitted a notice hereunder to amend or
update any proposal or to submit any new proposal, including by changing or adding nominees, matters, business and or resolutions
proposed to be brought before a meeting of the stockholders.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Special
Meetings of Stockholders</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Subject to Section 2.9(C)(4) of these By-laws,
in the event the Corporation calls a special meeting of stockholders for the purpose of electing one or more directors to the Board
of Directors, any stockholder may nominate an individual or individuals (as the case may be) for election to such position(s) as
specified in the Corporation&rsquo;s notice of meeting, provided that the stockholder gives timely notice thereof (including the
completed and signed questionnaire, representation and agreement required by Section 2.10 of these By-laws), and timely updates
and supplements thereof in each case in proper form, in writing, to the Secretary.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">To be timely, a stockholder&rsquo;s notice
shall be delivered to the Secretary at the principal executive offices of the Corporation not earlier than the close of business
on the 120th day prior to the date of such special meeting and not later than the close of business on the later of the 90th day
prior to the date of such special meeting or, if the first public announcement of the date of such special meeting is less than
100 days prior to the date of such special meeting, the 10th day following the day on which public announcement is first made of
the date of the special meeting and of the nominees proposed by the Board of Directors to be elected at such meeting. In no event
shall any adjournment or postponement of a special meeting of stockholders, or the public announcement thereof, commence a new
time period for the giving of a stockholder&rsquo;s notice as described above.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">In addition, to be considered timely, a stockholder&rsquo;s
notice shall further be updated and supplemented, if necessary, so that the information provided or required to be provided in
such notice shall be true and correct as of the record date for the meeting and as of the date that is ten (10) business days prior
to the meeting or any adjournment or postponement thereof, and such update and supplement shall be delivered to the Secretary at
the principal executive offices of the Corporation not later than five (5) business days after the record date for the meeting
in the case of the update and supplement required to be made as of the record date, and not later than eight (8) business days
prior to the date for the meeting, any adjournment or postponement thereof in the case of the update and supplement required to
be made as of ten (10)&nbsp;business days prior to the meeting or any adjournment or postponement thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Disclosure
Requirements</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
be in proper form, a stockholder&rsquo;s notice to the Secretary pursuant to Section 2.8, this Section 2.9 or Section 2.10 must
include the following, as applicable.</P>

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

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

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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
to the stockholder giving the notice and the beneficial owner, if any, on whose behalf the nomination or proposal, as applicable,
is made, a stockholder&rsquo;s notice must set forth: (i) the name and address of such stockholder, as they appear on the Corporation&rsquo;s
books, of such beneficial owner, if any, and of their respective affiliates or associates or others acting in concert therewith,
(ii) (A) the class or series and number of shares of the Corporation which are, directly or indirectly, owned beneficially and
of record by such stockholder, such beneficial owner and their respective affiliates or associates or others acting in concert
therewith, (B) any option, warrant, convertible security, stock appreciation right, or similar right with an exercise or conversion
privilege or a settlement payment or mechanism at a price related to any class or series of shares of the Corporation or with a
value derived in whole or in part from the value of any class or series of shares of the Corporation, or any derivative or synthetic
arrangement having the characteristics of a long position in any class or series of shares of the Corporation, or any contract,
derivative, swap or other transaction or series of transactions designed to produce economic benefits and risks that correspond
substantially to the ownership of any class or series of shares of the Corporation, including due to the fact that the value of
such contract, derivative, swap or other transaction or series of transactions is determined by reference to the price, value or
volatility of any class or series of shares of the Corporation, whether or not such instrument, contract or right shall be subject
to settlement in the underlying class or series of shares of the Corporation, through the delivery of cash or other property, or
otherwise, and without regard to whether the stockholder of record, the beneficial owner, if any, or any affiliates or associates
or others acting in concert therewith, may have entered into transactions that hedge or mitigate the economic effect of such instrument,
contract or right, or any other direct or indirect opportunity to profit or share in any profit derived from any increase or decrease
in the value of shares of the Corporation (any of the foregoing, a &ldquo;Derivative Instrument&rdquo;) directly or indirectly
owned beneficially by such stockholder, the beneficial owner, if any, or any affiliates or associates or others acting in concert
therewith, (C) any proxy, contract, arrangement, understanding, or relationship pursuant to which such stockholder, such beneficial
owner or any of their respective affiliates or associates or others acting in concert therewith has any right to vote any class
or series of shares of the Corporation, (D) any agreement, arrangement, understanding, relationship or otherwise, including any
repurchase or similar so-called &ldquo;stock borrowing&rdquo; agreement or arrangement, involving such stockholder, such beneficial
owner or any of their respective affiliates or associates or others acting in concert therewith, directly or indirectly, the purpose
or effect of which is to mitigate loss to, reduce the economic risk (of ownership or otherwise) of any class or series of the shares
of the Corporation by, manage the risk of share price changes for, or increase or decrease the voting power of, such stockholder,
such beneficial owner or any of their respective affiliates or associates or others acting in concert therewith with respect to
any class or series of the shares of the Corporation, or which provides, directly or indirectly, the opportunity to profit or share
in any profit derived from any decrease in the price or value of any class or series of the shares of the Corporation (any of the
foregoing, a &ldquo;Short Interest&rdquo;), (E) any rights to dividends on the shares of the Corporation owned beneficially by
such stockholder, such beneficial owner or any of their respective affiliates or associates or others acting in concert therewith
that are separated or separable from the underlying shares of the Corporation, (F) any proportionate interest in shares of the
Corporation or Derivative Instruments held, directly or indirectly, by a general or limited partnership in which such stockholder,
such beneficial owner or any of their respective affiliates or associates or others acting in concert therewith is a general partner
or, directly or indirectly, beneficially owns an interest in a general partner of such general or limited partnership, (G) any
performance-related fees (other than an asset-based fee) that such stockholder, such beneficial owner or any of their respective
affiliates or associates or others acting in concert therewith is entitled to based on any increase or decrease in the value of
shares of the Corporation or Derivative Instruments, if any, including without limitation any such interests held by members of
the immediate family sharing the same household of such stockholder, such beneficial owner and their respective affiliates or associates
or others acting in concert therewith, (H) any significant equity interests or any Derivative Instruments or Short Interests in
any principal competitor of the Corporation held by such stockholder, such beneficial owner or any of their respective affiliates
or associates or others acting in concert therewith and (I) any direct or indirect interest of such stockholder, such beneficial
owner and their respective affiliates or associates or others acting in concert therewith in any contract with the Corporation,
any affiliate of the Corporation or any principal competitor of the Corporation (including, in any such case, any employment agreement,
collective bargaining agreement or consulting agreement), (iii) all information that would be required to be set forth in a Schedule
13D filed pursuant to Rule 13d-1(a) or an amendment pursuant to Rule 13d-2(a) if such a statement were required to be filed under
the Exchange Act and the rules and regulations promulgated thereunder by such stockholder, such beneficial owner and their respective
affiliates or associates or others acting in concert therewith, if any, and (iv) any other information relating to such stockholder,
such beneficial owner or any of their respective affiliates or associates or others acting in concert therewith, if any, that would
be required to be disclosed in a proxy statement and form or proxy or other filings required to be made in connection with solicitations
of proxies for, as applicable, the proposal and/or for the election of directors in a contested election pursuant to Section 14
of the Exchange Act and the rules and regulations promulgated thereunder;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the notice relates to any business other than a nomination of a director or directors that the stockholder proposes to bring before
the meeting, a stockholder&rsquo;s notice must, in addition to the matters set forth in paragraph (a) above, also set forth: (i)
a brief description of the business desired to be brought before the meeting, the reasons for conducting such business at the meeting
and any material interest of such stockholder, such beneficial owner and each of their respective affiliates or associates or others
acting in concert therewith, if any, in such business, (ii) the text of the proposal or business (including the text of any resolutions
proposed for consideration and, in the event that such proposal or business includes a proposal to amend the By-laws of the Corporation,
the text of the proposed amendment), and (iii)&nbsp;a description of all agreements, arrangements and understandings between such
stockholder, such beneficial owner and each of their respective affiliates or associates or others acting in concert therewith,
if any, and any other person or persons (including their names) in connection with the proposal of such business by such stockholder;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
to each individual, if any, whom the stockholder proposes to nominate for election or reelection to the Board of Directors, a stockholder&rsquo;s
notice must, in addition to the matters set forth in paragraph (a) above, also set forth: (i) all information relating to such
individual that would be required to be disclosed in a proxy statement or other filings required to be made in connection with
solicitations of proxies for election of directors in a contested election pursuant to Section 14 of the Exchange Act and the rules
and regulations promulgated thereunder (including such individual&rsquo;s written consent to being named in the proxy statement
as a nominee and to serving as a director if elected) and (ii) a description of all direct and indirect compensation and other
material monetary agreements, arrangements and understandings during the past three years, and any other material relationships,
between or among such stockholder and beneficial owner, if any, and their respective affiliates and associates, or others acting
in concert therewith, on the one hand, and each proposed nominee, and his or her respective affiliates and associates, or others
acting in concert therewith, on the other hand, including, without limitation all information that would be required to be disclosed
pursuant to Rule 404 promulgated under Regulation S-K if the stockholder making the nomination and any beneficial owner on whose
behalf the nomination is made, if any, or any affiliate or associate thereof or person acting in concert therewith, were the &ldquo;registrant&rdquo;
for purposes of such rule and the nominee were a director or executive officer of such registrant; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With
respect to each individual, if any, whom the stockholder proposes to nominate for election or reelection to the Board of Directors,
a stockholder&rsquo;s notice must, in addition to the matters set forth in paragraphs (a) and (c) above, also include a completed
and signed questionnaire, representation and agreement required by Section 2.10 of these By-laws. The Corporation may require any
proposed nominee to furnish such other information as may reasonably be required by the Corporation to determine the eligibility
of such proposed nominee to serve as an independent director of the Corporation or that could be material to a reasonable stockholder&rsquo;s
understanding of the independence, or lack thereof, of such nominee. Notwithstanding anything to the contrary, only persons who
are nominated in accordance with the procedures set forth in these By-laws, including without limitation Sections 2.8, 2.9 and
2.10 hereof, shall be eligible for election as directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
purposes of these By-laws, &ldquo;public announcement&rdquo; shall mean disclosure in a press release reported by a national news
service or in a document publicly filed by the Corporation with the Securities and Exchange Commission pursuant to Section 13,
14 or 15(d) of the Exchange Act and the rules and regulations promulgated thereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
the provisions of these By-laws, 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 By-law; <U>provided</U>, <U>however</U>, that any references
in these By-laws to the Exchange Act or the rules promulgated thereunder are not intended to and shall not limit the separate and
additional requirements set forth in these By-laws with respect to nominations or proposals as to any other business to be considered.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nothing
in these By-laws shall be deemed to affect any rights (i) of stockholders to request inclusion of proposals in the Corporation&rsquo;s
proxy statement pursuant to Rule 14a-8 under the Exchange Act or (ii) of the holders of any series of Preferred Stock if and to
the extent provided for under law, the Certificate of Incorporation or these By-laws. Subject to Rule 14a-8 under the Exchange
Act, nothing in these By-laws shall be construed to permit any stockholder, or give any stockholder the right, to include or have
disseminated or described in the Corporation&rsquo;s proxy statement any nomination of director or directors or any other business
proposal.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 2.10.&#9;<U>Submission of Questionnaire,
Representation and Agreement</U>. To be eligible to be a nominee of any stockholder for election or reelection as a director of
the Corporation, a person must deliver (in accordance with the time periods prescribed for delivery of notice under Section 2.9
of these By-laws) to the Secretary at the principal executive offices of the Corporation a written questionnaire with respect to
the background and qualification of such individual and the background of any other person or entity on whose behalf, directly
or indirectly, the nomination is being made (which questionnaire shall be provided by the Secretary upon written request), and
a written representation and agreement (in the form provided by the Secretary upon written request) that such individual (A) is
not and will not become a party to (1)&nbsp;any agreement, arrangement or understanding with, and has not given any commitment
or assurance to, any person or entity as to how such person, if elected as a director of the Corporation, will act or vote on any
issue or question (a &ldquo;Voting Commitment&rdquo;) that has not been disclosed to the Corporation, and (2) any Voting Commitment
that could limit or interfere with such individual&rsquo;s ability to comply, if elected as a director of the corporation, with
such individual&rsquo;s fiduciary duties under applicable law, (B) is not and will not become a party to any agreement, arrangement
or understanding with any person or entity other than the Corporation with respect to any direct or indirect compensation, reimbursement
or indemnification in connection with service or action as a director that has not been disclosed therein, and (C) in such individual&rsquo;s
personal capacity and on behalf of any person or entity on whose behalf, directly or indirectly, the nomination is being made,
would be in compliance, if elected as a director of the Corporation, and will comply, with all applicable corporate governance,
conflict of interest, confidentiality and stock ownership and trading policies and guidelines of the Corporation publicly disclosed
from time to time, and (D) consents to being named as a nominee in the Corporation&rsquo;s proxy statement pursuant to Rule 14a-4(d)
under the Exchange Act and any associated proxy card of the Corporation and agrees to serve if elected as a director.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 2.11.&#9;<U>Procedure for Election
of Directors; Required Vote</U>. Election of directors at all meetings of the stockholders at which directors are to be elected
shall be by ballot, and, subject to the rights of the holders of any series of Preferred Stock to elect directors under specified
circumstances, a plurality of the votes cast at any meeting for the election of directors at which a quorum is present shall elect
directors. Except as otherwise provided by law, the Certificate of Incorporation, or these By-laws, in all matters other than the
election of directors, the affirmative vote of a majority of the shares present in person or represented by proxy at the meeting
and entitled to vote on the matter shall be the act of the stockholders.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 2.12.&#9;<U>Inspectors of Elections;
Opening and Closing the Polls</U>. The Board of Directors by resolution shall appoint one or more inspectors, which inspector or
inspectors may, but does not need to, include individuals who serve the Corporation in other capacities, including, without limitation,
as officers, employees, agents or representatives, to act at the meetings of stockholders and make a written report thereof. One
or more persons may be designated as alternate inspectors to replace any inspector who fails to act. If no inspector or alternate
has been appointed to act or is able to act at a meeting of stockholders, the Chairman of the meeting shall appoint one or more
inspectors to act at the meeting. Each inspector, before discharging his or her duties, shall take and sign an oath faithfully
to execute the duties of inspector with strict impartiality and according to the best of his or her ability. The inspectors shall
have the duties prescribed by law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">The Chairman of the meeting shall be appointed
by the inspector or inspectors to fix and announce at 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.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 2.13.&#9;<U>Stockholder Action by
Written Consent</U>. In the case of action to be taken by a stockholder or stockholders by written consent, no written consent
shall be effective to take the action referred to therein unless written consents signed by a sufficient number of stockholders
to take such action are delivered to and received by the Corporation in accordance with this Section within sixty (60) days of
the date the earliest dated written consent was received by the Corporation in accordance with this Section.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Every written consent shall be signed by one
or more persons who as of the record date are stockholders of record on such record date, shall bear the date of signature of each
such stockholder, and shall set forth the name and address, as they appear in the Corporation&rsquo;s books, of each stockholder
signing such consent and the class and number of shares of the Corporation which are owned of record and beneficially by each such
stockholder and shall be delivered to and received by the Secretary of the Corporation at the Corporation&rsquo;s principal office
by hand or by certified or registered mail, return receipt requested.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 2.14.&#9;<U>Record Date for Action
by Written Consent</U>. In order that the Corporation may determine the stockholders entitled to consent to corporate action in
writing without a meeting, the Board of Directors may fix a record date, which record date shall not precede the date upon which
the resolution fixing the record date is adopted by the Board of Directors, and which date shall not be more than ten (10) days
after the date upon which the resolution fixing the record date is adopted by the Board of Directors. Any stockholder of record
seeking to have the stockholders authorize or take corporate action by written consent shall request the Board of Directors to
fix a record date, which request shall be in proper form and delivered to the Secretary at the principal executive offices of the
Corporation. To be in proper form, such request must be in writing and shall state the purpose or purposes of the action or actions
proposed to be taken by written consent.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">The Board of Directors shall promptly, but
in all events within ten (10) days after the date on which such a request is received, adopt a resolution fixing the record date.
If no record date has been fixed by the Board of Directors within ten (10) days of the date on which such a request is received,
the record date for determining stockholders entitled to consent to corporate action in writing without a meeting, when no prior
action by the Board of Directors is required by applicable law, 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 registered office in Delaware,
its principal place of business or to any officer or agent of the Corporation having custody of the book in which proceedings of
meetings of stockholders are recorded. Delivery made to the Corporation&rsquo;s registered office shall be by hand or by certified
or registered mail, return receipt requested. If no record date has been fixed by the Board of Directors and prior action by the
Board of Directors is required by applicable law, the record date for determining stockholders entitled to consent to corporate
action in writing without a meeting shall be at the close of business on the date on which the Board of Directors adopts the resolution
taking such prior action.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 2.15.&#9;<U>Inspectors of Written
Consent</U>. In the event of the delivery, in the manner provided by Section 2.13 of these By-laws, to the Corporation of the requisite
written consent or consents to take corporate action and/or any related revocation or revocations, the Corporation shall engage
nationally recognized independent inspectors of elections for the purpose of promptly performing a ministerial review of the validity
of the consents and revocations. For the purpose of permitting the inspectors to perform such review, no action by written consent
without a meeting shall be effective until such date as the independent inspectors certify to the Corporation that the consents
delivered to the Corporation in accordance with Section 2.13 of these By-laws represent at least the minimum number of votes that
would be necessary to take the corporate action. Nothing contained in this paragraph shall in any way be construed to suggest or
imply that the Corporation or any stockholder shall not be entitled to contest the validity of any consent or revocation thereof,
whether before or after such certification by the independent inspectors, or to take any other action (including, without limitation,
the commencement, prosecution or defense of any litigation with respect thereto, and the seeking of injunctive relief in such litigation).</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 3.1.&#9;<U>General Powers</U>. The
business and affairs of the Corporation shall be managed by or under the direction of the Board of Directors. In addition to the
powers and authorities by these By-laws expressly conferred upon them, the Board of Directors may exercise all such powers of the
Corporation and do all such lawful acts and things as are not by statute or by the Certificate of Incorporation or by these By-laws
required to be exercised or done by the stockholders.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 3.2.&#9;<U>Number, Tenure and Qualifications</U>.
Subject to the rights of the holders of any series of Preferred Stock to elect directors under specified circumstances, the number
of directors shall be fixed from time to time exclusively pursuant to a resolution adopted by a majority of the Whole Board. In
the event no number is so fixed, the number of directors constituting the Whole Board shall be five. No decrease in the number
of authorized directors constituting the Whole Board shall shorten the term of any incumbent director. Commencing with the annual
meeting of stockholders held in 1986, the directors of the Corporation were classified with respect to the time for which they
severally held office by dividing them into three classes, each class to be as nearly equal in number as possible, which classes
shall be designated as Class 1, Class 2 and Class 3. Subject to the provisions hereof, the number of directors in each class shall
from time to time be designated by the Board of Directors. The Class 1 directors were elected initially for a term of one year;
the Class 2 directors were elected initially for a term of two years; and the Class 3 directors were elected initially for a term
of three years. At each annual meeting, the successors to the class of directors whose terms shall expire that year shall be elected
to hold office for a term of three years until their successors are elected and qualified or until their earlier resignation or
removal so that each term of office of one class of directors shall expire in each year. Vacancies in the Board of Directors resulting
from an increase in the authorized number of directors or the death, resignation or removal of one or more directors, may be filled
by the vote of a majority of the remaining directors then in office, although less that a quorum, or by the sole remaining director.
Persons elected to fill vacancies resulting from death, resignation or removal of one or more directors shall hold office until
the expiration of the term of the director such person is elected to replace. Nothwithstanding the rule that the three classes
shall be as nearly equal in number of directors as possible, in the event of any change in the authorized number of directors each
director then continuing to serve as such shall nevertheless continue as a director of the class of which he is a member until
the expiration of his current term, or his prior death, resignation or removal. If any newly created directorship may, consistent
with the rule that the three classes shall be as nearly equal in number of directors as possible, be allocated to two or more classes,
the Board shall allocate it to that of the available classes whose term of office is due to expire at the earliest date following
such allocation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 3.3.&#9;<U>Regular Meetings</U>. A
regular meeting of the Board of Directors shall be held without other notice than this By-law immediately after, and at the same
place as, the Annual Meeting of Stockholders. The Board of Directors may, by resolution, provide the time and place, if any, for
the holding of additional regular meetings without other notice than such resolution.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 3.4.&#9;<U>Special Meetings</U>. Special
meetings of the Board of Directors shall be called at the request of the Chairman of the Board, the President or a majority of
the Board of Directors then in office. The person or persons authorized to call special meetings of the Board of Directors may
fix the place, if any, and time of the meetings.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 3.5.&#9;<U>Notice</U>. Notice of any
special meeting of directors shall be given to each director at such person&rsquo;s business or residence in writing by hand delivery,
first-class or overnight mail or courier service, email or facsimile transmission, or orally by telephone. If mailed by first-class
mail, such notice shall be deemed adequately delivered when deposited in the United States mails so addressed, with postage thereon
prepaid, at least five (5) days before such meeting. If by overnight mail or courier service, such notice shall be deemed adequately
delivered when delivered to the overnight mail or courier service company at least twenty-four (24) hours before such meeting.
If by email, facsimile transmission, telephone or by hand, such notice shall be deemed adequately delivered when the notice is
transmitted at least twelve (12) hours before such meeting. Neither the business to be transacted at, nor the purpose of, any regular
or special meeting of the Board of Directors need be specified in the notice of such meeting, except for amendments to these By-laws,
as provided under Article IX of these By-laws. A meeting may be held at any time without notice if all the directors are present
or if those not present waive notice of the meeting in accordance with Section 7.4 of these By-laws.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 3.6.&#9;<U>Action by Consent of Board
of Directors</U>. Any action required or permitted to be taken at any meeting of the Board of Directors or of any committee thereof
may be taken without a meeting if all members of the Board of Directors or committee, as the case may be, consent thereto in writing,
or by electronic transmission and the writing or writings or electronic transmission or transmissions are filed with the minutes
of proceedings of the Board, or committee. Such filing shall be in paper form if the minutes are maintained in paper form and shall
be in electronic form if the minutes are maintained in electronic form.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 3.7.&#9;<U>Conference Telephone Meetings</U>.
Members of the Board of Directors, or any committee thereof, may participate in a meeting of the Board of Directors or such committee
by means of conference telephone or other communications equipment by means of which all persons participating in the meeting can
hear each other, and such participation in a meeting shall constitute presence in person at such meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 3.8.&#9;<U>Quorum</U>. Subject to
Section 3.9 of these By-laws, a whole number of directors equal to at least a majority of the Whole Board shall constitute a quorum
for the transaction of business, but if at any meeting of the Board of Directors there shall be less than a quorum present, a majority
of the directors present may adjourn the meeting from time to time without further notice. The act of the majority of the directors
present at a meeting at which a quorum is present shall be the act of the Board of Directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="text-transform: uppercase"><SUP>SECTION
3.9.&#9;</SUP></FONT><U>Vacancies</U>. Subject to applicable law and the rights of the holders of any series of Preferred Stock
with respect to such series of Preferred Stock, and unless the Board of Directors otherwise determines, vacancies resulting from
death, resignation, retirement, disqualification, removal from office or other cause, and newly created directorships resulting
from any increase in the authorized number of directors, may be filled only by the affirmative vote of a majority of the remaining
directors, though less than a quorum of the Board of Directors, or by a sole remaining director and directors so chosen shall hold
office for a term expiring at the annual meeting of stockholders at which the term of office of the class to which they have been
appointed expires and until such director&rsquo;s successor shall have been duly elected and qualified.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="text-transform: uppercase">SECTION
3.10.&#9;</FONT><U>Committees</U>. The Board may designate any such committee as the Board considers appropriate, which shall consist
of one or more directors of the Corporation. The Board may designate one or more directors as alternate members of any committee,
who may replace any absent or disqualified member at any meeting of the committee. Any such committee may to the extent permitted
by law exercise such powers and shall have such responsibilities as shall be specified in the designating resolution. Each committee
shall keep written minutes of its proceedings and shall report such proceedings to the Board when required.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">A majority of any committee may determine
its action and fix the time and place of its meetings, unless the Board shall otherwise provide. Notice of such meetings shall
be given to each member of the committee in the manner provided for in Section 3.5 of these By-laws. The Board shall have power
at any time to fill vacancies in, to change the membership of, or to dissolve, any such committee. Nothing herein shall be deemed
to prevent the Board from appointing one or more committees consisting in whole or in part of persons who are not directors of
the Corporation; <U>provided</U>, <U>however</U>, that no such committee shall have or may exercise any authority of the Board.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 3.11.&#9;<U>Removal</U>. Subject to
the rights of the holders of any series of Preferred Stock with respect to such series of Preferred Stock, any director, or the
entire Board of Directors, may be removed from office at any time, but only for cause by the affirmative vote of the holders of
at least a majority of the voting power of all of the then-outstanding shares of Voting Stock, voting together as a single class.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 4.1.&#9;<U>Elected Officers</U>. The
elected officers of the Corporation shall be a Chief Executive Officer, a President, a Secretary and such other officers (including,
without limitation, a Chief Financial Officer) as the Board of Directors from time to time may deem proper. Any number of offices
may be held by the same person. All officers elected by the Board of Directors shall each have such powers and duties as generally
pertain to their respective offices, subject to the specific provisions of this Article IV. Such officers shall also have such
powers and duties as from time to time may be conferred by the Board of Directors or by any committee thereof. The Board or any
committee thereof may from time to time elect, or the Chief Executive Officer may appoint, such other officers (including one or
more Assistant Vice Presidents, Assistant Secretaries, and Assistant Treasurers) and such agents, as may be necessary or desirable
for the conduct of the business of the Corporation. Such other officers and agents shall have such duties and shall hold their
offices for such terms as shall be provided in these By-laws or as may be prescribed by the Board or such committee or by the Chief
Executive Officer, as the case may be.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="text-transform: uppercase"><SUP>SECTION
4.2.&#9;</SUP></FONT><U>Election and Term of Office</U>. The elected officers of the Corporation shall be elected by the Board
of Directors. Each officer shall hold office until such officer&rsquo;s successor shall have been duly elected and shall have qualified
or until such officer&rsquo;s earlier resignation or removal.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 4.3.&#9;<U>Chairman of the Board</U>.
The Chairman of the Board shall preside at all meetings of the stockholders and of the Board of Directors.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 4.4.&#9;<U>Chief Executive Officer</U>.
The Chief Executive Officer shall be responsible for the general management of the affairs of the Corporation and shall perform
all duties incidental to his office which may be required by applicable law and all such other duties as are properly required
of him by the Board of Directors. He shall make reports to the Board of Directors and the stockholders, and shall see that all
orders and resolutions of the Board of Directors and of any committee thereof are carried into effect. The Chief Executive Officer
of the Corporation may also serve as President, if so elected by the Board.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 4.5.&#9;<U>President</U>. The President
shall act in a general executive capacity and shall assist the Chief Executive Officer in the administration and operation of the
Corporation&rsquo;s business and general supervision of its policies and affairs.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 4.6.&#9;<U>Vice Presidents</U>. Each
Vice President shall have such powers and shall perform such duties as shall be assigned to such Vice President by the Board of
Directors, the Chief Executive Officer or the President.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 4.7.&#9;<U>Chief Financial Officer</U>.
The Chief Financial Officer shall act in an executive financial capacity. The Chief Financial Officer shall assist the Chief Executive
Officer and the President in the general supervision of the Corporation&rsquo;s financial policies and affairs.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 4.8.&#9;<U>Secretary</U>. The Secretary
shall keep or cause to be kept in one or more books provided for that purpose, the minutes of all meetings of the Board, the committees
of the Board and the stockholders; the Secretary shall see that all notices are duly given in accordance with the provisions of
these By-laws and as required by applicable law; the Secretary shall be custodian of the records and the seal of the Corporation
and affix and attest the seal to all stock certificates of the Corporation (unless the seal of the Corporation on such certificates
shall be a facsimile, as hereinafter provided) and affix and attest the seal to all other documents to be executed on behalf of
the Corporation under its seal; and the Secretary shall see that the books, reports, statements, certificates and other documents
and records required by applicable law to be kept and filed are properly kept and filed; and in general, the Secretary shall perform
all the duties incident to the office of Secretary and such other duties as from time to time may be assigned to such Secretary
by the Board, the Chief Executive Officer or the President.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 4.9.&#9;<U>Removal</U>. Any officer
elected, or agent appointed, by the Board of Directors may be removed from office with or without cause by the affirmative vote
of a majority of the Whole Board. Any officer or agent appointed by the Chief Executive Officer or the President may be removed
by the officer that appointed such officer or agent with or without cause. No elected officer shall have any contractual rights
against the Corporation for compensation by virtue of such election beyond the date of the election of his or her successor, his
or her death, or his or her resignation or removal, whichever event shall first occur, except as otherwise provided in an employment
contract or under an employee deferred compensation plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 4.10.&#9;<U>Vacancies</U>. A newly
created elected office and a vacancy in any elected office because of death, resignation, or removal may be filled by the Board
of Directors. Any vacancy in an office appointed by the Chief Executive Officer or the President because of death, resignation,
or removal may be filled by the Chief Executive Officer or the President.</P>

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><SUP>SECTION 5.1.&#9;</SUP><U>Certificated
and Uncertificated Stock; Transfers</U>. The interest of each stockholder of the Corporation may be evidenced by certificates for
shares of stock in such form as the appropriate officers of the Corporation may from time to time prescribe or be uncertificated.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">The shares of the stock of the Corporation
shall be transferred on the books of the Corporation, in the case of certificated shares of stock, by the holder thereof in person
or by such person&rsquo;s attorney duly authorized in writing, upon surrender for cancellation of certificates for at least the
same number of shares, with an assignment and power of transfer endorsed thereon or attached thereto, duly executed, with such
proof of the authenticity of the signature as the Corporation or its agents may reasonably require; and, in the case of uncertificated
shares of stock, upon receipt of proper transfer instructions from the registered holder of the shares or by such person&rsquo;s
attorney duly authorized in writing, and upon compliance with appropriate procedures for transferring shares in uncertificated
form. No transfer of stock shall be valid as against the Corporation for any purpose until it shall have been entered in the stock
records of the Corporation by an entry showing from and to whom transferred.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">The certificates of stock shall be signed,
countersigned and registered in such manner as the Board of Directors may by resolution prescribe, which resolution may permit
all or any of the signatures on such certificates to be in facsimile. In case any officer, transfer agent or registrar who has
signed or whose facsimile signature has been placed upon a certificate has ceased to be such officer, transfer agent or registrar
before such certificate is issued, it may be issued by the Corporation with the same effect as if such person were such officer,
transfer agent or registrar at the date of issue.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Notwithstanding anything to the contrary in
these By-laws, at all times that the Corporation&rsquo;s stock is listed on a stock exchange, the shares of the stock of the Corporation
shall comply with all direct registration system eligibility requirements established by such exchange, including any requirement
that shares of the Corporation&rsquo;s stock be eligible for issue in book-entry form. All issuances and transfers of shares of
the Corporation&rsquo;s stock shall be entered on the books of the Corporation with all information necessary to comply with such
direct registration system eligibility requirements, including the name and address of the person to whom the shares of stock are
issued, the number of shares of stock issued and the date of issue. The Board shall have the power and authority to make such rules
and regulations as it may deem necessary or proper concerning the issue, transfer and registration of shares of stock of the Corporation
in both the certificated and uncertificated form.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 5.2.&#9;<U>Lost, Stolen or Destroyed
Certificates</U>. No certificate for shares of stock in the Corporation shall be issued in place of any certificate alleged to
have been lost, destroyed or stolen, except on production of such evidence of such loss, destruction or theft and on delivery to
the Corporation of a bond of indemnity in such amount, upon such terms and secured by such surety, as the Board of Directors or
any financial officer may in its or such person&rsquo;s discretion require.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 5.3.&#9;<U>Record Owners</U>. The
Corporation shall be entitled to recognize the exclusive right of a person registered on its books as the owner of shares to receive
dividends, and to vote as such owner, and to hold liable for calls and assessments a person registered on its books as the owner
of shares, and 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 required by applicable law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 5.4.&#9;<U>Transfer and Registry Agents</U>.
The Corporation may from time to time maintain one or more transfer offices or agencies and registry offices or agencies at such
place or places as may be determined from time to time by the Board of Directors or by the Chief Executive Officer or President.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 6.1.&#9;<U>Indemnification</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
person who was or is a party or is otherwise threatened to be made a party to any threatened, pending or completed action, suit
or proceeding, whether civil, criminal, administrative or investigative (hereinafter a &ldquo;Proceeding&rdquo;), by reason of
the fact that he or she or a person of whom he or she is the legal representative is or was, at any time during which this By-law
is in effect (whether or not such person continues to serve in such capacity at the time any indemnification or advancement of
expenses pursuant hereto is sought or at the time any Proceeding relating thereto exists or is brought), a director or officer
of the Corporation or, while serving as a director or officer of the Corporation, is or was serving at the request of the Corporation
as a director, officer, trustee, employee or agent of another corporation or of a partnership, joint venture, trust or other enterprise,
including service with respect to employee benefit plans maintained or sponsored by the Corporation (hereinafter, a &ldquo;Covered
Person&rdquo;), shall be (and shall be deemed to have a contractual right to be) indemnified and held harmless by the Corporation
(and any successor of the Corporation by merger or otherwise) to the fullest extent authorized by the General Corporation Law of
the State of Delaware as the same exists or may hereafter be amended or modified from time to time (but, in the case of any such
amendment or modification, only to the extent that such amendment or modification permits the Corporation to provide greater indemnification
rights than said law permitted the Corporation to provide prior to such amendment or modification), against all expense, liability
and loss (including attorneys&rsquo; fees, judgments, fines, ERISA excise taxes or penalties and amounts paid or to be paid in
settlement) actually and reasonably incurred or suffered by such person in connection with such Proceeding if the person acted
in good faith and in a manner the person 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 his or her conduct was unlawful. The
termination of any 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 the person 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 the person&rsquo;s conduct was unlawful. Such indemnification shall continue as to a person
who has ceased to be a director or officer of the Corporation or ceased serving at the request of the Corporation as a director,
officer, trustee, employee or agent of another corporation or of a partnership, joint venture, trust or other enterprise, including
service with respect to employee benefit plans maintained or sponsored by the Corporation, and shall inure to the benefit of his
or her heirs, executors and administrators; <U>provided</U>, that except as provided in paragraph (A) of Section 6.3, the Corporation
shall indemnify any such person seeking indemnification in connection with a Proceeding (or part thereof) initiated by such person
only if such Proceeding (or part thereof) was authorized by the Board of Directors.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
obtain indemnification under this By-law, a claimant shall submit to the Corporation a written request, including therein or therewith
such documentation and information as is reasonably available to the claimant and is reasonably necessary to determine whether
and to what extent the claimant is entitled to indemnification. Upon written request by a claimant for indemnification, a determination,
if required by applicable law, with respect to the claimant&rsquo;s entitlement thereto shall be made as follows: (1) by a majority
of Disinterested Directors (as hereinafter defined), even though less than a quorum, or (2) by a committee of Disinterested Directors
designated by majority vote of the Disinterested Directors, even though less than a quorum, or (3) if there are no Disinterested
Directors, or if the Disinterested Directors so direct, by Independent Counsel (as hereinafter defined), in a written opinion to
the Board of Directors, a copy of which shall be delivered to the claimant, or (4) if a majority of the Disinterested Directors
so directs, by a majority vote of the stockholders of the Corporation. In the event the determination of entitlement to indemnification
is to be made by Independent Counsel, the Independent Counsel shall be selected by the Disinterested Directors unless there shall
have occurred within two years prior to the date of the commencement of the Proceeding for which indemnification is claimed a &ldquo;Change
of Control&rdquo; as defined in the 2015 Stock Plan of the Corporation, in which case the Independent Counsel shall be selected
by the claimant unless the claimant shall request that such selection be made by the Disinterested Directors. If it is so determined
that the claimant is entitled to indemnification, payment to the claimant shall be made within ten (10) days after such determination.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 6.2.&#9;<U>Mandatory Advancement of
Expenses</U>. To the fullest extent authorized by the General Corporation Law of the State of Delaware as the same exists or may
hereafter be amended or modified from time to time (but, in the case of any such amendment or modification, only to the extent
that such amendment or modification permits the Corporation to provide greater rights to advancement of expenses than said law
permitted the Corporation to provide prior to such amendment or modification), each Covered Person shall have (and shall be deemed
to have a contractual right to have) the right, without the need for any action by the Board of Directors, to be paid by the Corporation
(and any successor of the Corporation by merger or otherwise) the expenses incurred in connection with any Proceeding in advance
of its final disposition, such advances to be paid by the Corporation within twenty (20) days after the receipt by the Corporation
of a statement or statements from the claimant requesting such advance or advances from time to time; <U>provided</U>, that if
the General Corporation Law of the State of Delaware requires, the payment of such expenses incurred by a director or officer in
his or her capacity as a director or officer (and not, except to the extent specifically required by applicable law, in any other
capacity in which service was or is rendered by such person while a director or officer, including, without limitation, service
to an employee benefit plan) shall be made only upon delivery to the Corporation of an undertaking (hereinafter, the &ldquo;Undertaking&rdquo;)
by or on behalf of such director or officer, to repay all amounts so advanced if it shall ultimately be determined by final judicial
decision from which there is no further right of appeal (a &ldquo;final disposition&rdquo;) that such director or officer is not
entitled to be indemnified for such expenses under this By-law or otherwise.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 6.3.&#9;<U>Claims</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)
If a claim for indemnification under this Article VI is not paid in full by the Corporation within thirty (30) days after a written
claim pursuant to Section 6.1(B) of these By-laws has been received by the Corporation, or (2) if a request for advancement of
expenses under this Article VI is not paid in full by the Corporation within twenty (20) days after a statement pursuant to Section
6.2 of these By-laws and the required Undertaking, if any, have been received by the Corporation, the claimant may at any time
thereafter bring suit against the Corporation to recover the unpaid amount of the claim for indemnification or request for advancement
of expenses and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such
claim. It shall be a defense to any such action that, under the General Corporation Law of the State of Delaware, the claimant
has not met the standard of conduct which makes it permissible for the Corporation to indemnify the claimant for the amount claimed
or that the claimant is not entitled to the requested advancement of expenses, but (except where the required Undertaking, if any,
has not been tendered to the Corporation) the burden of proving such defense shall be on the Corporation. Neither the failure of
the Corporation (including its Disinterested Directors, Independent Counsel or stockholders) to have made a determination prior
to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met
the applicable standard of conduct set forth in the General Corporation Law of the State of Delaware, nor an actual determination
by the Corporation (including its Disinterested Directors, Independent Counsel or stockholders) that the claimant has not met such
applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable
standard of conduct.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
a determination shall have been made pursuant to Section 6.1(B) of these By-laws that the claimant is entitled to indemnification,
the Corporation shall be bound by such determination in any judicial proceeding commenced pursuant to paragraph (A) of this Section
6.3.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Corporation shall be precluded from asserting in any judicial proceeding commenced pursuant to paragraph (A) of this Section 6.3
that the procedures and presumptions of this By-law are not valid, binding and enforceable and shall stipulate in such proceeding
that the Corporation is bound by all the provisions of this By-law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 6.4.&#9;<U>Contract Rights; Amendment
and Repeal; Non-exclusivity of Rights</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
of the rights conferred in this Article VI, as to indemnification, advancement of expenses and otherwise, shall be contract rights
between the Corporation and each Covered Person to whom such rights are extended that vest at the commencement of such Covered
Person&rsquo;s service to or at the request of the Corporation and (x) any amendment or modification of this Article VI that in
any way diminishes or adversely affects any such rights shall be prospective only and shall not in any way diminish or adversely
affect any such rights with respect to such person and (y) all of such rights shall continue as to any such Covered Person who
has ceased to be a director or officer of the Corporation or ceased to serve at the Corporation&rsquo;s request as a director,
officer, trustee, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, as described
herein, and shall inure to the benefit of such Covered Person&rsquo;s heirs, executors and administrators.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
of the rights conferred in this Article VI, as to indemnification, advancement of expenses and otherwise, (i) shall not be exclusive
of any other rights to which any person seeking indemnification or advancement of expenses may be entitled or hereafter acquire
under any statute, provision of the Certificate of Incorporation, By-laws, agreement, vote of stockholders or Disinterested Directors
or otherwise both as to action in such person&rsquo;s official capacity and as to action in another capacity while holding such
office and (ii) cannot be terminated or impaired by the Corporation, the Board of Directors or the stockholders of the Corporation
with respect to a person&rsquo;s service prior to the date of such termination.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 6.5.&#9;<U>Insurance, Other Indemnification
and Advancement of Expenses</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Corporation may maintain insurance, at its expense, to protect itself and any current or former director, officer, employee or
agent of the Corporation or another corporation, partnership, joint venture, trust or other enterprise against any expense, liability
or loss, whether or not the Corporation would have the power to indemnify such person against such expense, liability or loss under
the General Corporation Law of the State of Delaware.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Corporation may, to the extent authorized from time to time by the Board of Directors or the Chief Executive Officer, grant rights
to indemnification and rights to advancement of expenses incurred in connection with any Proceeding in advance of its final disposition,
to any current or former officer, employee or agent of the Corporation to the fullest extent permitted by applicable law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 6.6.&#9;<U>Definitions</U>. For purposes
of these By-laws:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Affiliate&rdquo;
and &ldquo;associate&rdquo; shall have the meanings ascribed thereto in Rule 405 under the Securities Act of 1933, as amended;
provided, however, that the term &ldquo;partner&rdquo; as used in the definition of &ldquo;associate&rdquo; shall not include any
limited partner that is not involved in the management of the relevant partnership.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Disinterested
Director&rdquo; means a director of the Corporation who is not and was not a party to the matter in respect of which indemnification
is sought by the claimant.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Independent
Counsel&rdquo; means a law firm, a member of a law firm, or an independent practitioner, that is experienced in matters of corporation
law and shall include any person who, under the applicable standards of professional conduct then prevailing, would not have a
conflict of interest in representing either the Corporation or the claimant in an action to determine the claimant&rsquo;s rights
under this By-law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Voting
Stock&rdquo; shall mean outstanding shares of capital stock of the Corporation entitled to vote generally for the election of directors.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 6.7.&#9;Any notice, request or other
communication required or permitted to be given to the Corporation under this By-law shall be in writing and either delivered in
person or sent by telecopy, telex, telegram, overnight mail or courier service, or certified or registered mail, postage prepaid,
return receipt requested, to the Secretary of the Corporation and shall be effective only upon receipt by the Secretary.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 6.8.&#9;<U>Severability</U>. If any
provision or provisions of this By-law shall be held to be invalid, illegal or unenforceable for any reason whatsoever: (1) the
validity, legality and enforceability of the remaining provisions of this By-law (including, without limitation, each portion of
any paragraph of this By-law containing any such provision held to be invalid, illegal or unenforceable, that is not itself held
to be invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby; and (2) to the fullest extent possible,
the provisions of this By-law (including, without limitation, each such portion of any paragraph of this By-law containing any
such provision held to be invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested by
the provision held invalid, illegal or unenforceable.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 7.1.&#9;<U>Fiscal Year</U>. The fiscal
year of the Corporation shall begin on the first day of February and end on the thirty-first day of January of each fiscal year.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 7.2.&#9;<U>Dividends</U>. The Board
of Directors may from time to time declare, and the Corporation may pay, dividends on its outstanding shares in the manner and
upon the terms and conditions provided by law and the Certificate of Incorporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 7.3.&#9;<U>Seal</U>. The corporate
seal shall have enscribed thereon the words &ldquo;Corporate Seal&rdquo;, the year of incorporation and around the margin thereof
the words &ldquo;Lakeland Industries, Inc. - Delaware.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 7.4.&#9;<U>Waiver of Notice</U>. Whenever
any notice is required to be given to any stockholder or director of the Corporation under the provisions of the General Corporation
Law of the State of Delaware, the Certificate of Incorporation or these By-laws, a waiver thereof in writing, signed by the person
or persons entitled to such 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 the giving of such notice. Neither the business to be transacted at,
nor the purpose of, any annual or special meeting of the stockholders or the Board of Directors or committee thereof need be specified
in any waiver of notice of such meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 7.5.&#9;<U>Resignations</U>. Any director
or any officer, whether elected or appointed, may resign at any time by giving written notice of such resignation to the Chairman
of the Board, the Chief Executive Officer, the President, or the Secretary, and such resignation shall be deemed to be effective
as of the close of business on the date said notice is received by the Chairman of the Board, the Chief Executive Officer, the
President, or the Secretary, or at such later time as is specified therein. Except to the extent specified in such notice, no formal
action shall be required of the Board of Directors or the stockholders to make any such resignation effective.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 7.6.&#9;<U>Exclusive Forum</U>. Unless
the Corporation consents in writing to the selection of an alternative forum, the sole and exclusive forum for (a) any derivative
action or proceeding brought on behalf of the Corporation, (b) any action asserting a claim of breach of a fiduciary duty owed
by any director or officer or other employee of the Corporation to the Corporation or the Corporation&rsquo;s stockholders, (c)
any action asserting a claim against the Corporation or any director or officer or other employee of the Corporation arising pursuant
to any provision of the Delaware General Corporate Law or the Corporation&rsquo;s certificate of incorporation or By-laws (as either
may be amended from time to time), or (d) any action asserting a claim against the Corporation or any director or officer or other
employee of the Corporation governed by the internal affairs doctrine shall be a state court located within the State of Delaware
(or, if no state court located within the State of Delaware has jurisdiction, the federal district court for the District of Delaware).</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 8.1.&#9;<U>Contracts</U>. Except as
otherwise required by applicable law, the Certificate of Incorporation or these By-laws, any contracts or other instruments may
be executed and delivered in the name and on behalf of the Corporation by such officer or officers of the Corporation as the Board
of Directors may from time to time direct. Such authority may be general or confined to specific instances as the Board may determine.
The Chairman of the Board, the Chief Executive Officer, the President or any Vice President may execute bonds, contracts, deeds,
leases and other instruments to be made or executed by or on behalf of the Corporation. Subject to any restrictions imposed by
the Board of Directors, the Chairman of the Board, the Chief Executive Officer, the President or any Vice President of the Corporation
may delegate contractual powers to others under his jurisdiction, it being understood, however, that any such delegation of power
shall not relieve such officer of responsibility with respect to the exercise of such delegated power.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 8.2.&#9;<U>Proxies</U>. Unless otherwise
provided by resolution adopted by the Board of Directors, the Chairman of the Board, the Chief Executive Officer, the President
or any Vice President may from time to time appoint an attorney or attorneys or agent or agents of the Corporation, in the name
and on behalf of the Corporation, to cast the votes which the Corporation may be entitled to cast as the holder of stock or other
securities in any other corporation, any of whose stock or other securities may be held by the Corporation, at meetings of the
holders of the stock or other securities of such other corporation, or to consent in writing, in the name of the Corporation as
such holder, to any action by such other corporation, and may instruct the person or persons so appointed as to the manner of casting
such votes or giving such consent, and may execute or cause to be executed in the name and on behalf of the Corporation and under
its corporate seal or otherwise, all such written proxies or other instruments as he or she may deem necessary or proper in the
premises.</P>

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 9.1.&#9;<U>By the Stockholders</U>.
Subject to the provisions of the Restated Certificate of Incorporation, these By-Laws may be altered, amended or repealed, or new
By-Laws enacted, at any special meeting of the stockholders if duly called for that purpose (provided that in the notice of such
special meeting, notice of such purpose shall be given), or at any annual meeting, by the affirmative vote of a majority of the
Voting Stock.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">SECTION 9.2.&#9;<U>By the Board of Directors</U>.
Subject to the laws of the State of Delaware, the Restated Certificate of Incorporation and these By-Laws, these By-Laws may also
be altered, amended or repealed, or new By-Laws enacted, by the Board of Directors.</P>

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

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