Company: TWO-PC
Filing Date: 2025-05-07
Form Type: 305B2
Source: 0001104659-25-045354
Chunk: 6

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-05-07
Form: 305B2
Chunk 6
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 annual and special meeting of the shareholders
shall be given by first-class mail, postage prepaid, mailed at least 10, and no more than 60, days prior to the date of the meeting to
each shareholder of record at his/her address as shown upon the books of the Association. Unless otherwise provided by the Bylaws, any
action requiring approval of shareholders must be effected at a duly called annual or special meeting.

TENTH.These Articles of Association may be amended at any regular or special meeting of the shareholders by the affirmative vote
of the holders of a majority of the stock of the Association, unless the vote of the holders of a greater amount of stock is required
by law, and in that case by the vote of the holders of such greater amount; provided, that the scope of the Association's activities and
services may not be expanded without the prior written approval of the Comptroller of the Currency. The Association's board of directors
may propose one or more amendments to the Articles of Association for submission to the shareholders.

<div align='center'>- 4 -</div>

In witness whereof, we have hereunto set our hands this11 th
of June, 1997.

| /s/ Jeffrey T. Grubb   |
| Jeffrey T. Grubb       |
| /s/ Robert D. Sznewajs |
| Robert D. Sznewajs     |
| /s/ Dwight V. Board    |
| Dwight V. Board        |
| /s/ P. K. Chatterjee   |
| P. K. Chatterjee       |
| /s/ Robert Lane        |
| Robert Lane            |

<div align='center'>Exhibit 2

Exhibit 4

U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION

AMENDED AND RESTATED BYLAWS</div>

Section 1.1. . The annual meeting of the shareholders, for the election of directors and the transaction of any other proper business, shall
be held at a time and place as the Chairman or President may designate. Notice of such meeting shall be given not less than ten (10) days
or more than sixty (60) days prior to the date thereof, to each shareholder of the Association, unless the Office of the Comptroller of
the Currency (the “OCC”) determines that an emergency circumstance exists. In accordance with applicable law, the sole shareholder
of the Association is permitted to waive notice of the meeting. If, for any reason