Exhibit 3.2



MEDIMMUNE, INC.

Incorporated under the laws
of the State of Delaware

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BY-LAWS

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As Amended and Restated through February 25, 2004



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TABLE OF CONTENTS

|                               |             |   |                                                                             | Page
|------------------------------ | ----------- | - | --------------------------------------------------------------------------- | ----
|ARTICLE I Offices              |             | 1
|                               | SECTION 1.  |   | Registered Office                                                           |     
|                               | SECTION 2.  |   | Other Offices                                                               |     
|ARTICLE II Stockholders        |             | 1
|                               | SECTION 1.  |   | Annual Meetings                                                             |     
|                               | SECTION 2.  |   | Special Meetings                                                            |     
|                               | SECTION 3.  |   | Notice of Meetings                                                          |     
|                               | SECTION 4.  |   | Quorum                                                                      |     
|                               | SECTION 5.  |   | Organization                                                                |     
|                               | SECTION 6.  |   | Order of Business                                                           |     
|                               | SECTION 7.  |   | Voting.                                                                     |     
|                               | SECTION 8.  |   | Inspection                                                                  |     
|                               | SECTION 9.  |   | List of Stockholders.                                                       |     
|                               | SECTION 10. |   | Action Without a Meeting                                                    |     
|ARTICLE III Board of Directors |             | 4
|                               | SECTION 1.  |   | General Powers                                                              |     
|                               | SECTION 2.  |   | Number and Term of Office                                                   |     
|                               | SECTION 3.  |   | Election of Directors                                                       |     
|                               | SECTION 4.  |   | Resignation, Removal and Vacancies                                          |     
|                               | SECTION 5.  |   | Meetings                                                                    |     
|                               | SECTION 6.  |   | Directors' Consent in Lieu of Meeting                                       |     
|                               | SECTION 7.  |   | Action by Means of Conference Telephone or Similar Communications Equipment |     
|                               | SECTION 8.  |   | Committees and Subcommittees                                                |     
|ARTICLE IV Officers            |             | 7
|                               | SECTION 1.  |   | Executive Officers                                                          |     
|                               | SECTION 2.  |   | Authority and Duties                                                        |     
|                               | SECTION 3.  |   | Other Officers                                                              |     
|                               | SECTION 4.  |   | Term of Office, Resignation and Removal                                     |     
|                               | SECTION 5.  |   | Vacancies                                                                   |     
|                               | SECTION 6.  |   | Chairman of the Board                                                       |     
|                               | SECTION 7.  |   | Chief Executive Officer                                                     |     
|                               | SECTION 8.  |   | President                                                                   |     
|                               | SECTION 9.  |   | Chief Financial Officer                                                     |     
|                               | SECTION 10. |   | Secretary                                                                   |     
|                               | SECTION 11. |   | Treasurer                                                                   |     
|ARTICLE V General Provisions   |             | 9
|                               | SECTION 1.  |   | Execution of Documents                                                      |     
|                               | SECTION 2.  |   | Deposits                                                                    |     
|                               | SECTION 3.  |   | Proxies in Respect of Stock or Other Securities of Other Corporations       |     
|                               | SECTION 4.  |   | Evidence of Authority                                                       |     
|                               | SECTION 5.  |   | Severability                                                                |     
|                               | SECTION 6.  |   | Facsimile Signatures; Electronic Transmission                               |     
|                               | SECTION 7.  |   | Rules of Construction                                                       |     
|                               |             |   |                                                                             |     

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|ARTICLE VI Capital Stock                 |            | 10
|---------------------------------------- | ---------- | --
|                                         | SECTION 1. |   
|                                         | SECTION 2. |   
|                                         | SECTION 3. |   
|                                         | SECTION 4. |   
|                                         | SECTION 5. |   
|                                         | SECTION 6. |   
|                                         | SECTION 7. |   
|ARTICLE VII Seal                         |            | 12
|ARTICLE VIII Fiscal Year                 |            | 12
|ARTICLE IX Indemnification and Insurance |            | 12
|                                         | SECTION 1. |   
|                                         | SECTION 2. |   
|                                         | SECTION 3. |   
|                                         | SECTION 4. |   
|                                         | SECTION 5. |   
|                                         | SECTION 6. |   
|                                         | SECTION 7. |   
|                                         | SECTION 8. |   
|                                         | SECTION 9. |   
|ARTICLE X Amendments                     |            | 15

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MEDIMMUNE, INC.
BY-LAWS

ARTICLE I

Offices

SECTION
1.Registered Office.The registered office of MedImmune, Inc. (the "Corporation") in the State
of Delaware shall be in the City of Wilmington, County of New Castle, and the registered agent in charge thereof shall be The Corporation Trust Company.

SECTION
2.Other Offices.The Corporation may also have an office or offices at other place or places within or
without the State of Delaware.

ARTICLE II

Stockholders

SECTION
1.Annual Meetings.The annual meeting of the stockholders for the election of directors, and for the
transaction of such other business as may properly come before the meeting, shall be held at such place, date and hour as shall be fixed by the Board of Directors (the "Board") and designated in the
notice or waiver of notice thereof; except that no annual meeting need be held if all actions, including the election of directors, required by the General Corporation Law of the State of Delaware (or
any applicable successor statute, the "DGCL") to be taken at a stockholders' annual meeting are taken by written consent in lieu of meeting pursuant to Section 10 of this
Article.

SECTION
2.Special Meetings.A special meeting of the stockholders for any purpose or purposes may be called by
the Board, the Chairman, the Chief Executive Officer or the Secretary or the recordholders of at least a majority of the shares of Common Stock of the Corporation issued and outstanding, to be held at
such place, date and hour as shall be designated in the notice or waiver of notice thereof.

SECTION
3.Notice of Meetings.Except as otherwise required by statute or by the Certificate of Incorporation or
these By-laws, notice of each annual or special meeting of the stockholders shall be given to each stockholder of record entitled to vote at such meeting not less than 10 or more than
60 days before the day on which the meeting is to be held, by delivering a written notice thereof to him personally; by mailing a copy of such notice, postage prepaid, directly to each such
stockholder at his address as it appears in the records of the Corporation; by transmitting notice thereof to him at such address by telegraph or cable; or by transmitting notice thereof to him
electronically or by any other method and in such manner as permitted by the DGCL. Every such notice shall state the place and the date and hour of the meeting, and, in case of a special meeting, the
purpose or purposes for which the meeting is called. Notice of any meeting of stockholders shall not be required to be given to any stockholder who shall attend such meeting in person or by proxy, or
who shall, in person or by attorney thereunto authorized, waive such notice in writing, either before or after such meeting. Except as otherwise provided in these By-laws, neither the
business to be transacted at, nor the purpose of, any meeting of the stockholders need be specified in any such waiver of notice. Notice of any adjourned meeting of stockholders shall not be required
to be given, except when expressly required by law.

SECTION
4.Quorum.At each meeting of the stockholders, except where otherwise provided by the Certificate of
Incorporation or these By-laws, the holders of a majority of the issued and outstanding shares of stock of the Corporation entitled to vote at such meeting, present in person or
represented by proxy, shall constitute a quorum for the transaction of business. In the absence of a quorum a majority in interest of the stockholders present in person or represented by proxy and
entitled to vote, or, in the absence of all the stockholders entitled to vote, any officer entitled to preside at, or act as secretary of, such meeting, shall have the power to adjourn the meeting
from time to time, until stockholders holding the requisite amount of stock shall be present or represented. At any such adjourned meeting at which quorum shall be present, any business may be
transacted which might have been transacted at the meeting as originally called.

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SECTION
5.Organization.At each meeting of the stockholders, one of the following shall act as chairman of the
meeting and preside thereat:



The
Secretary or the person whom the chairman of such meeting shall appoint, shall act as secretary of such meeting and keep the minutes thereof.

SECTION
6.Order of Business.The order of business at each meeting of the stockholders shall be determined by
the chairman of such meeting, but such order of business may be changed by a majority in voting interest of those present in person or by proxy at such meeting and entitled to vote thereat.

SECTION
7.Voting.





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If
the instrument so filed shows that any such tenancy is held in unequal interests, a majority or even-split for the purposes of this Section shall be the majority or
even-split in interest. The Corporation shall not vote directly or indirectly any share of its own capital stock. Any vote of stock may be given by the stockholder entitled thereto in
person or by his proxy appointed by an instrument in writing, subscribed by such stockholder or by his attorney thereunto authorized, delivered to the secretary of the meeting; provided, however, that
no proxy shall be voted after three years from its date, unless said proxy provides for a longer period. At all meetings of the
stockholders, all matters (except where other provision is made by law, by the Certificate of Incorporation or these By-laws) shall be decided by the vote of a majority in interest of the
stockholders present in person or by proxy at such meeting and entitled to vote thereon, a quorum being present. Unless demanded by a stockholder present in person or by proxy at any meeting and
entitled to vote thereon, the vote on any question need not be by ballot. Upon a demand by any such stockholder for a vote by ballot upon any question, such vote by ballot shall be taken. On a vote by
ballot, each ballot shall be signed by the stockholder voting, or by his proxy, if there be such proxy, and shall state the number of shares voted.

SECTION
8.Inspection.The chairman of the meeting may at any time appoint two or more inspectors to serve at
any meeting of the stockholders. Any inspector may be removed, and a new inspector or inspectors appointed, by the Board at any time. Such inspectors shall decide upon the qualifications of voters,
accept and count votes, declare the results of such vote, and subscribe and deliver to the secretary of the meeting a certificate stating the number of shares of stock issued and outstanding and
entitled to vote thereon and the number of shares voted for and against the question, respectively. The inspectors need not be stockholders of the Corporation, and any director or officer of the
Corporation may be an inspector other than with respect to a vote for or against his election to any position with the Corporation or on any other matter in which he may be directly interested. Before
acting as herein provided, each inspector shall subscribe an oath faithfully to execute the duties of an inspector with strict impartiality and according to the best of his ability.

SECTION
9.List of Stockholders.It shall be the duty of the Secretary or other officer of the Corporation who
shall have charge of its stock ledger to prepare and make, at least 10 days before every meeting of the stockholders, a complete list of the stockholders entitled to vote thereat, arranged in
alphabetical order, and showing the address of each stockholder and the number of shares registered in the name of each stockholder. Such list shall be open to the examination of any stockholder, for
any purpose germane to any such meeting, during ordinary business hours, for a period of at least 10 days prior to such meeting, either at a place within the city where such meeting is to be
held, which place shall be specified in the notice of the meeting or, if not so specified, at the place where the meeting is to be held. Such list shall also be produced and kept at the time and place
of the meeting during the whole time thereof, and may be inspected by any stockholder who is present.

SECTION
10.Action Without a Meeting.Any action required by law to be taken at any annual or special meeting of
the stockholders of the Corporation, or any action which may be taken at any annual or special meeting of such stockholders, may be taken without a meeting, without prior notice and without a vote, if
a consent or consents in writing, setting forth the action so taken, shall be signed by the holders of outstanding stock having not less than the minimum number of votes that would be necessary to
authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted and shall be delivered to the Corporation by delivery to its registered office in the
State of Delaware, its principal place of business, or an 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's registered office shall be by hand or by certified or registered mail, return receipt requested. Every written consent shall bear the date of signature of each stockholder who signs
the consent and the number of shares which the stockholder is entitled to vote. No written consent shall be effective to take the corporation action referred to therein unless, within 60 days
of the earliest date consent delivered in the manner required by law to the Corporation, written consent signed by a

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sufficient
number of holders to take action are delivered to the Corporation by delivery to its registered office in Delaware, its principal place of business, or an officer or an agent of the
Corporation having custody of the book in which proceedings of meetings of stockholders are recorded. Delivery made to the Corporation's registered office shall be by hand or by certified or
registered mail, return receipt requested. Prompt notice of the taking of the corporate action without a meeting by less than unanimous written consent shall be given to those stockholders who have
not consented in writing.

ARTICLE III

Board of Directors

SECTION
1.General Powers.The business, property and affairs of the Corporation shall be managed by the Board,
which may exercise all such powers of the Corporation and do all such lawful acts and things as are not by law or by the Certificate of Incorporation directed or required to be exercised or done by
the stockholders.

SECTION
2.Number and Term of Office.The number of directors shall be fixed from time to time by the whole
Board. The term "whole Board" is used herein to refer to the number of directors from time to time authorized to be on the Board regardless of the number of directors then in office. Each director
shall hold office until his successor is elected and qualified, or until his earlier death, resignation or removal in the manner hereinafter provided.

SECTION
3.Election of Directors.At each meeting of the stockholders for the election of directors at which a
quorum is present, the persons receiving the greatest number of votes, up to the number of directors to be elected, of the stockholders present in person or by proxy and entitled to vote thereon shall
be the directors. Unless an election by ballot shall be demanded as provided in Section 7 of Article II, election of directors may be conducted in any manner approved at such meeting.

SECTION
4.Resignation, Removal and Vacancies.Any director may resign at any time by giving written notice or
by providing notice by electronic transmission to the Board, the Chairman, the Chief Executive Officer or the Secretary. Such resignation shall take effect at the time specified therein or, if the
time be not specified, upon receipt thereof; and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective.

Any
director or the entire Board may be removed, with or without cause, at any time by vote of a majority of the shares then entitled to vote at an election of directors, or by written
consent of the stockholders pursuant to Section 10 of Article II.

Vacancies
occurring in the Board for any reason may be filled by vote of the stockholders or by their written consent pursuant to Section 10 of Article II or by vote of the
Board or by the directors' written consent pursuant to Section 6 of this Article. If the number of directors then in office is less than a quorum, such other vacancies may be filled by vote of
a majority of the directors then in office.

SECTION
5.Meetings.



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The
Secretary or, in the case of his absence, any person (who shall be an Assistant Secretary, if an Assistant Secretary is present) whom the Chairman shall appoint shall act as secretary of such
meeting and keep the minutes thereof.

SECTION
6.Directors' Consent in Lieu of Meeting.Any action required or permitted to be taken at any meeting of
the Board may be taken without a meeting, without prior notice and without a vote, if all members of the Board 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.

SECTION
7.Action by Means of Conference Telephone or Similar Communications Equipment.Any one or more members
of the Board may participate in a meeting of the Board by means of conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each
other, and participation in a meeting by such means shall constitute presence in person at such meeting.

SECTION
8.Committees and Subcommittees.The Board may, by resolution passed by a majority of the Board or in
the manner set forth in Section 6, designate an Executive Committee, an Audit Committee, a Compensation and Stock Committee and such other committees as it deems appropriate. Each committee
shall consist of one or more of the directors of the Corporation. The Board may designate one or more of the directors as alternate members of any committee, who may replace any absent or disqualified
member at any meeting of the committee. In the absence or disqualification of a member of the committee, the member or members thereof present at any meeting and not disqualified from voting, whether
or not he, she, or they constitute a quorum, may unanimously appoint another member of the Board to act at the meeting in place of any such absent or disqualified member. Any such committee, to the
extent provided in the resolution of the Board, shall have and

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may
exercise all the powers and authority of the Board in the management of the business and affairs of the Corporation, and may authorize the seal of the Corporation to be affixed to all papers which
may require it; but no such committee shall have the power to amend the certificate of incorporation (except that a committee may, to the extent authorized in the resolution providing for the issuance
of shares of stock adopted by the Board as provided in Section 151(a) of the DGCL, fix the designations and any of the preferences or rights of such shares relating to dividends, redemption,
dissolution, any distribution of assets of the Corporation or the conversion into, or exchange of such shares for, shares of any other class or classes or any other series of the same or any other
class or classes of stock of the Corporation or fix the number of shares of any series of stock or authorize the increase or decrease of the shares of any series), adopt an agreement of merger or
consolidation under section 251 or 252 of the DGCL, recommend to the stockholders the sale, lease, or exchange of all or substantially all of the Corporation's property and assets, recommend to
the stockholders a dissolution of the Corporation or a revocation of a dissolution, or amend these By-laws. The Executive Committee and the Compensation and Stock Committee of the
Corporation shall each have the power and authority to declare a dividend and to authorize the issuance of stock. Unless otherwise provided in the resolution of the Board designating the committee, a
committee may create one or more subcommittees, each subcommittee to consist of one or more members of the committee, and delegate to a subcommittee any or all of the powers and authority of the
committee.

ARTICLE IV

Officers

SECTION
1.Executive Officers.The executive officers of the Corporation shall be a Chief Executive Officer, a
President, a Chief Financial Officer, a Secretary and a Treasurer and may include a Chairman, a Vice Chairman and such other executive officers as the Board may deem necessary. Any two or more offices
may be held by the same person.

SECTION
2.Authority and Duties.All officers, as between themselves and the Corporation, shall have such
authority and perform such duties in the management of the Corporation as may be provided in these By-laws or, to the extent so provided, by the Board.

SECTION
3.Other Officers.The Corporation may have such other officers, agents and employees as the Board may
deem necessary, including one or more Vice Presidents, one or more Assistant Secretaries and one or more Assistant Treasurers, each of whom shall hold office for such period, have such authority, and
perform such duties as the Board, the Chairman or the Chief Executive Officer may from time to time determine. The Board may delegate to any executive officer the power to appoint or remove any such
officers, agents or employees. Any two or more offices may be held by the same person.

SECTION
4.Term of Office, Resignation and Removal.All executive officers shall be elected or appointed by the
Board and shall hold office for such term as may be prescribed by the Board. Each executive officer shall hold office until his successor has been elected or appointed and qualified or his earlier
death, resignation or removal in the manner hereinafter provided. The Board may require any officer to give security for the faithful performance of his duties.

Any
executive officer may resign at any time by giving written notice to the Board or to the Chairman, the Chief Executive Officer or the Secretary, and such resignation shall take
effect at the time specified therein or, if the time when it shall become effective is not specified therein, at the time it is accepted by action of the Board. Except as aforesaid, the acceptance of
such resignation shall not be necessary to make it effective.

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All officers and agents elected or appointed by the Board (or by an executive officer to whom such power was delegated in accordance with Section 3) shall be subject to removal at
any time by the Board or by the stockholders of the Corporation with or without cause.

SECTION
5.Vacancies.If the office of Chief Executive Officer, President, Chief Financial Officer, Secretary or
Treasurer becomes vacant for any reason, the Board shall fill such vacancy, and if any other office becomes vacant, the Board may fill such vacancy. Any officer so appointed or elected by the Board
shall serve only until such time as the unexpired term of his predecessor shall have expired unless reelected or reappointed by the Board.

SECTION
6.Chairman of the Board.The Chairman of the Board shall preside at meetings of the Board at which he
is present or delegate such authority to another member of the Board, and shall give counsel and advise to the Board and the officers of the Corporation on all subjects concerning the welfare of the
Corporation and the conduct of its business. He shall perform such other duties as the Board may from time to time determine.

SECTION
7.Chief Executive Officer.The Chief Executive Officer of the Corporation shall perform all duties and
exercise all powers usually pertaining to the office of a chief executive officer of a corporation. He shall have general and active management and control of the business, policies, operations and
affairs of the Corporation subject to the control of the Board, see that all orders and resolutions of the Board are carried into effect, and have such other powers and perform such other duties as
may be prescribed by these By-laws or from time to time by the Board.

SECTION
8.President.The President of the Corporation shall assist the Chief Executive Officer in the general
and active management of the business of the Corporation, see that all orders and resolutions of the Board are carried into effect, and have such other powers and perform such other duties as may be
prescribed by these By-laws or from time to time by the Board or the Chief Executive Officer.

SECTION
9.Chief Financial Officer.The Chief Financial Officer shall perform such duties and shall have such
powers as the Board, the Chief Executive Officer or the President may from time to time prescribe. The Chief Financial Officer shall keep and maintain or cause to be kept and maintained adequate and
correct books and records of account of the business transactions of the Corporation, including accounts of its assets, liabilities, receipts, disbursements, gains, losses, capital, retained earnings
and shares. The Chief Financial Officer shall make proper accounts of such funds, and render as required by the Board such account of all such transactions and of the financial condition of the
Corporation. The books of all accounts shall at all reasonable times be open to inspection by any director. The Chief Financial Officer shall be empowered, from time to time, to require from the
officers or agents of the Corporation reports or statements giving such information as he may desire with respect to any and all financial transactions of the Corporation.

SECTION
10.Secretary.The Secretary shall, to the extent practicable, attend all meetings of the Board and all
meetings of the stockholders and shall record all votes and the minutes of all proceedings in a book to be kept for that purpose. He shall give, or cause to be given, notice of all meetings of the
stockholders and of the Board, and shall perform such other duties as may be prescribed by the Board, the Chairman, the Chief Executive Officer or the President, under whose supervision he shall act.
He shall keep in safe custody the seal of the Corporation and affix the same to any duly authorized instrument requiring it and, when so affixed, it shall be attested by his signature or by the
signature of the Treasurer or if appointed, an Assistant Secretary or an Assistant Treasurer. He shall keep in safe custody the certificate books and stockholder records and such other books and
records as the Board may direct and shall perform all other duties incident to the office of Secretary and such other duties as from time to time may be assigned to him by the Chairman, the Chief
Executive Officer, the President or the Board.

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SECTION
11.Treasurer.The Treasurer shall have the care and custody of the corporate funds and other valuable
effects, including securities, and shall keep full and accurate accounts of receipts and disbursements in books belonging to the Corporation, and shall deposit all moneys and other valuable effects in
the name and to the credit of the Corporation in such depositories as may be designated by the Board. The Treasurer shall disburse the funds of the Corporation as may be ordered by the Board, taking
proper vouchers for such disbursements, and shall render to the Chairman, the Chief Executive Officer, the President, the Chief Financial Officer and any directors, at the regular meetings of the
Board, or whenever they may require it, an account of all his transactions as Treasurer and of the financial condition of the Corporation; and, in general, perform all the duties incident to the
office of Treasurer and such other duties as from time to time may be assigned to him by the Chairman, the Chief Executive Officer, the President, the Chief Financial Officer or the Board.

ARTICLE V

General Provisions

SECTION
1.Execution of Documents.All checks and drafts on the Corporation's bank accounts and all bills of
exchange and promissory notes, and all acceptances, obligations, bonds and other orders or instruments for the payment of money, shall be signed by such officer, employee or agent, as shall be
authorized from time to time by the Board. The Board may, in its discretion, also provide for the countersignature or registration of any or all such orders, instruments or obligations for the payment
of money. Any officer having the power to sign certificates, contracts, obligations and other instruments of the Corporation may delegate such power to any other officer or employee of the
Corporation, provided that the delegating officer shall be accountable for the actions of that officer or employee to whom power was delegated.

SECTION
2.Deposits.All funds of the Corporation not otherwise employed shall be deposited from time to time to
the credit of the Corporation or otherwise as the Board or Treasurer, or any other officer of the Corporation to whom power in this respect shall have been given by the Board, shall select.

SECTION
3.Proxies in Respect of Stock or Other Securities of Other Corporations.The Board shall designate the
officers of the Corporation who shall have authority from time to time to appoint an agent or agents of the Corporation to exercise in the name and on behalf of the Corporation the powers and rights
which the Corporation may have as the holder of stock or other securities in any other corporation, and to vote or consent in respect of such stock or securities. Such designated officers may instruct
the person or persons so appointed as to the manner of exercising such powers and rights, and such designated officers may execute or cause to be executed in the name and on behalf of the Corporation
and under its corporate seal, or otherwise, such written proxies, powers of attorney or other instruments as they may deem necessary or proper in order that the Corporation may exercise its said
powers and rights.

SECTION
4.Evidence of Authority.A certificate by the Secretary as to any action taken by the stockholders,
directors, a committee or any officer or representative of the Corporation, shall as to all persons who rely on the certificate in good faith be conclusive evidence of such actions.

SECTION
5.Severability.Any determination that any provision of these By-laws is for any reason
inapplicable, illegal or ineffective shall not affect or invalidate any other provision of these By-laws.

SECTION
6.Facsimile Signatures; Electronic Transmission.Facsimile signatures and submission of documents by
electronic transmission of any directors or officers of the Corporation may be used to the extent permissible under applicable law whenever and as authorized by the Board or a committee thereof.

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SECTION
7.Rules of Construction.Except where the context otherwise requires, wherever used in these
By-laws, the singular will include the plural, the plural the singular, the use of any gender will be applicable to both genders and the word "or" is used in the inclusive sense (and/or).
The captions of these By-laws are for convenience of reference only and in no way define, describe, extend or limit the scope or intent of these By-laws or the intent of any
provision contained in these By-laws. The term "including" as used in these By-laws means including, without limiting the generality of any description preceding the term.
References to "Article" or "Articles" are references to the numbered Articles of these By-laws and references to "Section" or "Sections" are references to Sections in the Article in which
the referenced Section is located, in either case unless expressly stated otherwise.

ARTICLE VI

Capital Stock

SECTION
1.Certificates for Shares.Every owner of stock of the Corporation shall be entitled to have a
certificate certifying the number and class of shares owned by him in the Corporation, which shall otherwise be in such form as shall be prescribed by the Board. Certificates shall be issued in
consecutive order and shall be numbered in the order of their issue, and shall be signed by, or in the name of, the Corporation by the Chairman, the President or any Vice President and by the
Treasurer (or an Assistant Treasurer, if appointed) or the Secretary (or an Assistant Secretary, if appointed). In case any officer or officers who shall have signed any such certificate or
certificates shall cease to be such officer or officers of the Corporation, whether because of death, resignation or otherwise, before such certificate or certificates shall have been delivered by the
Corporation, such certificate or certificates may nevertheless be adopted by the Corporation and be issued and delivered as though the person or persons who signed such certificate had not ceased to
be such officer or officers of the Corporation.

SECTION
2.Registered Stockholders.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, to receive notifications, to vote as such owner, and to exercise all the rights and powers of an owner; and the Corporation
shall not be bound to recognize any equitable or other claim to or interest in such share or shares on the part of any other person, whether or not it shall have express or other notice thereof,
except as otherwise provided by the laws of the State of Delaware.

SECTION
3.Transfer and Registration of Stock.



SECTION
4.Addresses of Stockholders.Each stockholder shall designate to the Secretary an address at which
notices of meetings and all other corporate notices may be served or mailed to him, and, if any stockholder shall fail to designate such address, corporate notices may be served upon him by mail
directed to him at his post office address, if any, as the same appears on the share record books of the Corporation or at his last known post office address. In addition, stockholders may designate
to the Secretary appropriate information for the receipt of electronic transmissions in such formats as may be prescribed by the Secretary from time to time, but in no event will the Corporation be
required to deliver information by electronic transmission.

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SECTION
5.Lost, Destroyed and Mutilated Certificates.The holder of any shares of the Corporation shall
immediately notify the Corporation of any loss, destruction or mutilation of the certificate therefor, and the Board may, in its discretion, cause to be issued to him a new certificate or certificates
for shares, upon the surrender of the mutilated certificates or, in the case of loss or destruction of the certificate, upon satisfactory proof of such loss or destruction, and the Board may, in its
discretion, require the owner of the lost or destroyed certificate or his legal representative to give the Corporation a bond in such sum and with such surety or sureties as it may direct to indemnify
the Corporation against any claim that may be made against it on account of the alleged loss or destruction of any such certificate.

SECTION
6.Regulations.The Board may make such rules and regulations as it may deem expedient, not inconsistent
with these By-laws, concerning the issue, transfer and registration of certificates for stock of the Corporation.

SECTION
7.Fixing Date for Determination of Stockholders of Record.In order that the Corporation may determine
the stockholders entitled to notice of or to vote at any meeting of stockholders or any adjournment thereof, or to express consent to corporate action in writing without a meeting, or entitled to
receive payment of any dividend or other distribution or allotment of any rights, or entitled to exercise any rights in respect of any change, conversion or exchange of stock or for the purpose of any
other lawful action, the Board may fix, in advance, a record date, which shall not be more than 60 nor less than 10 days before the date of such meeting, nor more than 60 days prior to
any other action. A determination of stockholders entitled to notice of or to vote at a meeting of the stockholders shall apply to any adjournment of the meeting;provided,
however, that the Board may fix a new record date for the adjourned meeting.

ARTICLE VII

Seal

The Board may provide a corporate seal, which shall be in the form of a circle and shall bear the full name of the Corporation and the words and figures
"Corporate Seal Delaware."

ARTICLE VIII

Fiscal Year

The fiscal year of the Corporation shall be determined by the Board.

ARTICLE IX

Indemnification and Insurance

SECTION
1.Nature of the Indemnity.



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SECTION
2.Successful Defense.To the extent that a director or officer of the Corporation has been successful
on the merits or otherwise in defense of any action, suit or proceeding referred to in Section 1 of this Article IX or in defense of any claim, issue or matter therein, he shall be
indemnified against expenses (including attorneys' fees) actually and reasonably incurred by him in connection therewith.

SECTION
3.Determination That Indemnification Is Proper.Any indemnification of a director or officer of the
Corporation under Section 1 of this Article IX (unless ordered by a court) shall be made by the
Corporation upon a determination that indemnification of the director or officer is proper in the circumstances as set forth in Section 1 of this Article IX. Any such determination shall
be made (1) by the Board by a majority vote of a quorum consisting of directors who were not parties to such action, suit or proceeding, or (2) if such a quorum is not obtainable, or,
even if obtainable a quorum of disinterested directors so directs, by independent legal counsel in a written opinion, or (3) by the stockholders.

SECTION
4.Advance Payment of Expenses.Expenses incurred by a director or officer in defending a civil or
criminal action, suit or proceeding shall be paid by the Corporation in advance of the final disposition of such action, suit or proceeding;provided,
that any such advance shall be conditioned upon the Corporation's receipt of an undertaking by or on behalf of the director or officer to repay such amount if it shall ultimately be determined that he
is not entitled to be indemnified by the Corporation as authorized in this Article IX.

SECTION
5.Procedure for Indemnification of Directors and Officers.Any indemnification of a director or officer
of the Corporation under Section 1 and 2 or advance of costs, charges and expenses to a director or officer under Section 4 of this Article IX, shall be made promptly, and in any
event within thirty (30) days, upon the written request of the director or officer. If a determination by the Corporation that the director or officer is entitled to indemnification pursuant to
this Article IX is required, and the Corporation fails to respond within sixty (60) days to a written request for indemnity, the Corporation shall be deemed to have approved such
request. If the Corporation denies a written request for indemnity or advancement of expense, in whole or in part, or if payment in full pursuant to

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such
request is not made within sixty (60) days the right to indemnification or advances as granted by this Article IX shall be enforceable by the director or officer in any court of
competent jurisdiction. Such person's costs and expenses incurred in connection with successfully establishing his right to indemnification, in whole or in part, in any such action shall also be
indemnified by the Corporation. It shall be a defense to any such action (other than an action brought to enforce a claim for the advance of costs, charges and expenses under Section 4 of this
Article IX where the required undertaking, if any, has been received by the Corporation) that the claimant has not met the standard of conduct set forth in Section 1 of this
Article IX, but the burden of proving such defense shall be on the Corporation. Neither the failure of the Corporation (including its Board, its independent legal counsel, and its 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 has met the applicable standard of conduct set
forth in Section 1 of this Article IX, nor the fact that there has been an actual determination by the Corporation (including its Board, its independent legal counsel, and its
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.

SECTION
6.Survival; Preservation of Other Rights.The foregoing indemnification provisions shall be deemed to
be a contract between the Corporation and each director or officer who serves in any such capacity at any time while these provisions as well as the relevant provisions of the DGCL are in effect and
any repeal or modification thereof shall not affect any right or obligation then existing with respect to any state of facts existing prior to or at the time of such repeal or modification or any
action, suit,
or proceeding previously or thereafter brought or threatened based in whole or in part upon any such state of facts. Such a "contract right" may not be modified retroactively without the consent of
such director or officer.

The
indemnification provided by this Article IX will not be deemed exclusive of any other rights to which those indemnified may be entitled under any other By-law,
agreement, vote of stockholders or disinterested directors or otherwise, both as to action by the person being indemnified in his official capacity and as to action in any other capacity while holding
such office, and shall continue as to a person who has ceased to be a director or officer and shall inure to the benefit of the heirs, executors and administrators of such a person. The Corporation
may enter into a separate written agreement with any director, officer, employee or agent of the Corporation that expressly provides for indemnification and reimbursement of such person to the full
extent permitted by this Article IX, on the same terms and conditions provided herein.

SECTION
7.Insurance.The Corporation may purchase and maintain insurance on behalf of any person who is or was
or has agreed to become a director or officer of the Corporation, or any such director or officer who is or was serving at the request of the Corporation as director or officer of another corporation,
partnership, joint venture, trust or other enterprise against any liability asserted against him and incurred by him or on his behalf in any such capacity, or arising out of his status as such,
whether or not the Corporation should have the power to indemnify him against such liability under the provisions of this Article IX.

SECTION
8.Severability.If this Article IX or any portion hereof shall be invalidated on any ground by
any court of competent jurisdiction, then the Corporation shall nevertheless indemnify each director or officer of the Corporation as to costs, charges and expenses (including attorneys' fees),
judgments, fines and amounts paid in settlement with respect to any action, suit or proceeding, whether civil, criminal, administrative or investigative, including an action by or in the right of the
Corporation, to the fullest extent permitted by any applicable portion of this Article IX that shall not have been invalidated and to the fullest extent permitted by applicable law.

SECTION
9.Subsidiaries.Any person serving as a director or officer of a subsidiary of the Corporation shall be
deemed for all purposes of this Article IX to be so serving "at the request of the

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Corporation"
and, accordingly, shall be entitled to all of the indemnification rights provided by this Article IX to persons who serve "at the request of the Corporation as director or officer
of another corporation."

ARTICLE X

Amendments

Any by-law (including these By-laws) may be adopted, amended or repealed by the vote of the holders of a majority of the shares then
entitled to vote at an election of directors or by consent of the stockholders pursuant to Section 10 of Article II, or by vote of the Board or by the directors' written consent pursuant
to Section 6 of Article III.

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