Exhibit 3.2

AMENDED AND RESTATED BYLAWS

OF

LBI MEDIA HOLDINGS, INC.,

A DELAWARE CORPORATION

ARTICLE I

OFFICES



|Section 1.1 | Principal Office.
|----------- | -----------------

(a) The principal executive
office of LBI Media Holdings, Inc. (herein called the Corporation) shall be at such place established by the Board of Directors (the Board) in its discretion.

(b) The Board shall have full power and authority to change the location of the principal executive office.



|Section 1.2 | Registered Office.
|----------- | ------------------

The registered office in the
State of Delaware is hereby fixed and located at The Corporation Trust Company, 1209 Orange Street, Wilmington, New Castle County, Delaware 19801. The Board is hereby granted full power and authority to change the place of said registered office
within the State of Delaware.



|Section 1.3 | Other Offices.
|----------- | --------------

The Corporation may also have from
time to time branch or substitute offices at such other places as the Board may deem appropriate.

ARTICLE II

STOCKHOLDERS MEETINGS



|Section 2.1 | Place.
|----------- | ------

Meetings of the stockholders shall be at
such place within or outside the State of Delaware as the Board shall designate by resolution. In the absence of such designation, stockholders meetings shall be held at the principal executive office of the Corporation.



|Section 2.2 | 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 time, date and place as determined by resolution of the Board.

Notice of each meeting of the stockholders shall be given by the Corporation either personally or by mail or other lawful means to each stockholder of
record entitled to vote at such meeting not less than ten (10) days nor more than sixty (60) days before each annual meeting. Such notices shall specify the place, the day and the hour of such meeting, the names of the nominees for
election and those matters which the Board intends to present for action by



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the stockholders, and shall state such other matters, if any, as may be expressly required by statute. If mailed, such notice shall be deemed to be delivered
when deposited in the United States mail with postage thereon prepaid, addressed to the stockholder at such stockholders address as it appears on the books of the Corporation. Without limiting the foregoing, any notice to stockholders given by
the Corporation pursuant to these Amended and Restated Bylaws (as may be further amended, restated, modified or supplemented from time to time, the Bylaws) shall be effective if given by a form of electronic transmission consented
to by the stockholder to whom the notice is given. Any previously scheduled annual meeting of the stockholders may be postponed by resolution of the Board.



|Section 2.3 | Special Meetings.
|----------- | -----------------

Special meetings of the
stockholders, for any purpose or purposes, prescribed in the notice of the meeting, may be called at any time only by a majority of the total number of directors, the Chairman of the Board, the Chief Executive Officer, the President or the Executive
Vice President. Said notice shall specify the purpose for which such special meeting is called. Such meetings shall be held at the place, on the date and at the time as they or he or she shall fix. Unless otherwise required by Delaware General
Corporation Law (DGCL), the written notice of any special meeting shall be given to the stockholders not less than ten (10) nor more than sixty (60) days before the date of the meeting. No business shall be transacted at
a special meeting except as stated in the notice sent to stockholders.



|Section 2.4 | Waiver of Notice.
|----------- | -----------------

Transactions at a meeting of
stockholders, however called and noticed and wherever held, shall be valid as though transacted at a meeting duly held after regular call and notice if a quorum is present either in person or by proxy, and if, either before or after the meeting,
each of the persons entitled to vote, not present at the meeting in person or by proxy, to the extent such person did not receive proper notice, gives a waiver of notice. Attendance by a person at a meeting shall constitute a waiver of notice of
such meeting, except when the person objects, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or convened, and except that attendance at a meeting is not a waiver of any right to object
to the consideration of matters required by law to be in the notice of the meeting but not so included, if that objection is expressly made at the meeting. All such waivers, consents, or approvals shall be filed with the corporate records or made a
part of the minutes of the meeting. The waiver of notice need not specify either the business to be transacted or the purpose of any annual or special meeting of stockholders.



|Section 2.5 | Quorum.
|----------- | -------

A majority of the voting power of the
outstanding shares of stock entitled to vote at the meeting, represented in person or by proxy, constitutes a quorum for the transaction of business. No business may be transacted at a meeting in the absence of a quorum other than the adjournment of
such meeting. If a quorum is present at a meeting, the affirmative vote of a majority of the voting power of the outstanding shares of stock entitled to vote at the meeting, represented at the meeting shall be the act of the stockholders unless the
vote of a larger number is required by law, the Corporations Restated Certificate of Incorporation (as may be further amended, restated, modified or supplemented from time to time, the Certificate of



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Incorporation) or these Bylaws. If a quorum is present at the commencement of a meeting but the withdrawal of stockholders results in less than
a quorum, the meeting shall be adjourned and the stockholders may not continue to transact business (other than to adjourn the meeting).



|Section 2.6 | Notice of Adjourned Meetings.
|----------- | -----------------------------

Any meeting of
stockholders, whether or not a quorum is present, may be adjourned to a later date and time and at the same or a different place by the Chairman of the Board or by the vote of a majority of the voting power of the outstanding shares of stock
entitled to vote at the meeting that are represented at the meeting. If the adjournment is for more than ten (10) days, or if after the adjournment a new record date is fixed for the adjourned meeting, notice of the adjourned meeting shall be
given to each stockholder of record entitled to vote at the meeting in accordance with the notice provisions for a stockholder meeting.

Notwithstanding the foregoing, notice of an adjourned meeting need not be given to any stockholder present at the meeting at which the adjournment is taken if (a) the meeting is adjourned for ten (10) days or less, (b) the
time and place of the adjourned meeting are announced at the meeting at which the adjournment is taken, and (c) no new record date is fixed for the adjourned meeting. Otherwise, notice of the adjourned meeting shall be given as in the case of
an original meeting.



|Section 2.7 | Voting.
|----------- | -------

Except as provided below or as otherwise
provided by the Certificate of Incorporation or Bylaws, a stockholder shall be entitled to one vote for each share held of record on the record date fixed for the determination of the stockholders entitled to vote at a meeting or, if no such date is
fixed, the date determined in accordance with law. If any share is entitled to more or less than one vote on any matter, all references herein to a majority or other proportion of shares shall refer to a majority or other proportion of the voting
power of shares entitled to vote on such matter. The Board, in its discretion, or the officer presiding at a meeting of stockholders in his discretion, may require that any votes cast at such meeting, including a vote for directors, be by written
ballot.



|Section 2.8 | Participation at Stockholder Meetings by Remote Communications
|----------- | --------------------------------------------------------------

If authorized by the Board in its sole discretion, and subject to such guidelines and procedures as the Board may adopt, stockholders and proxyholders not physically present at a meeting of stockholders may, by means
of remote communication:

(a) participate in a meeting of stockholders; and

(b) be deemed present in person and vote at a meeting of stockholders whether such meeting is to be held at a designated place or solely by remote
communication, provided that (i) the Corporation shall implement reasonable measures to verify that each person deemed present and permitted to vote at the meeting by means of remote communication is a stockholder or proxyholder, (ii) the
Corporation shall implement reasonable measures to provide such stockholders and proxyholders a reasonable opportunity to participate in the meeting and to vote on matters submitted to the stockholders, including an opportunity to read or hear the
proceedings of the meeting substantially concurrently with such proceedings, and (iii) if any



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stockholder or proxyholder votes or takes other action at the meeting by means of remote communication, a record of such vote or other action shall be
maintained by the Corporation.



|Section 2.9 | Proxies.
|----------- | --------

Except as otherwise provided in the
Certificate of Incorporation or these Bylaws, every person entitled to vote shares may be represented at any meeting of stockholders by a written proxy executed by such person entitled to vote, or such persons authorized officer, director,
employee, agent or duly authorized attorney-in-fact. Any proxy duly executed is not revoked and continues in full force and effect until revoked by the person executing it prior to the vote pursuant thereto. Such revocation may be effected
(i) by a writing delivered to the Secretary of the Corporation stating that the proxy is revoked, (ii) by a subsequent proxy executed by the person executing the prior proxy and presented to the meeting or (iii) by attendance at the
meeting and voting in person by the person executing the proxy; provided, however, that no proxy shall be valid after the expiration of three (3) years from the date of its execution unless otherwise provided in the proxy.



|Section 2.10 | Inspectors of Election.
|------------ | -----------------------

(a) In advance of a
meeting of stockholders, the Board may appoint inspectors of election to act at the meeting. If inspectors of election are not so appointed, or if any persons so appointed fail to appear or refuse to act, the Chairman of the Board or the chairman of
the meeting, as the case may be, may, and on request of a stockholder shall, appoint inspectors of election (or persons to replace those who so fail or refuse) for the meeting. The number of inspectors shall be either one or three. If appointments
are to be made at a meeting on the request of a stockholder, the majority of the voting power of the outstanding shares of common stock represented in person or by proxy, shall determine whether the number of inspectors shall be one or three. 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 ability.

(b) Such inspectors of election shall (i) determine the number of shares outstanding, the number of shares represented at the meeting, the voting
power of each share, the existence of a quorum, and the authenticity, validity and effect of proxies; (ii) receive votes, ballots, or consents; (iii) hear and determine all challenges and questions arising in connection with the right to
vote; (iv) count and tabulate votes or consents; (v) determine when the polls shall close; (vi) determine the result of an election; (vii) determine and retain for a reasonable period a record of the disposition of any challenges
made to any determination by the inspectors; (viii) certify their determination of the number of shares represented at the meeting, and their count of all votes and ballots; (ix) do such other acts as may be proper in order to conduct the
election with fairness to all stockholders; and (x) perform such other duties as may be prescribed by law. If there are three inspectors of election, the decision, act or certificate of a majority shall be effective in all respects as the
decision of all.



|Section 2.11 | Action without Meeting.
|------------ | -----------------------

Subject to
Section 228 of Delaware General Corporation Law (DGCL), any action which may be taken at any annual or special meeting of stockholders may be taken



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without a meeting, without prior notice and without a vote if a consent in writing setting forth the action so taken, shall be signed by the stockholders
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 the shares entitled to vote thereon were present and voted. Unless a record date for voting purposes be fixed as
provided in Section 2.12, the record date for determining stockholders entitled to give consent pursuant to this Section 2.11, when no prior action by the Board has been taken, shall be the day on which the first written
consent is given.



|Section 2.12 | Record Date.
|------------ | ------------

The Board may fix a time, in the
future, not more than sixty (60) nor less than ten (10) days prior to the date of any meeting of stockholders, nor more than sixty (60) days prior to the date fixed for the payment of any dividend or distribution, or for the allotment
of rights, or when any change or conversion or exchange of shares shall go into effect, as a record date for the determination of the stockholders entitled to notice of and to vote at any such meeting, or entitled to receive any such dividend or
distribution, or such allotment of rights, or to exercise the rights in respect to any such change, conversion, or exchange of shares. Only stockholders of record on the date so fixed shall be entitled to notice of and to vote at such meeting or to
receive such dividend, distribution or allotment of rights, or to exercise such rights, as the case may be, notwithstanding any transfer of any shares on the books of the Corporation after any record date fixed as aforesaid. A determination of
stockholders of record entitled to notice of or to vote at a meeting of stockholders shall apply to any adjournment of the meeting unless the Board fixes a new record date.

ARTICLE III

DIRECTORS



|Section 3.1 | Powers and Duties.
|----------- | ------------------

The business and affairs of the
Corporation shall be managed and all corporate powers shall be exercised, by or under the direction of the Board, subject to any limitations contained in these Bylaws, the Certificate of Incorporation, DGCL and any other agreements entered into by
the Corporation. The Board may delegate the management of the day-to-day operation of the business of the Corporation, provided that the business and affairs of the Corporation shall remain under the ultimate direction of the Board.



|Section 3.2 | Number of Directors.
|----------- | --------------------

The number of directors of
the Corporation shall be not less than four nor more than eight. The exact number of directors shall be fixed from time to time by the Board.



|Section 3.3 | Continuing Directors.
|----------- | ---------------------

In the event of any increase
or decrease in the authorized number of directors each director then serving as such shall nevertheless continue as a director until the expiration of his current term, or his prior death, retirement, resignation or removal.



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|Section 3.4 | Nominations.
|----------- | ------------

Except as otherwise provided by the
Investor Rights Agreement dated as of March 30, 2007 by and among Liberman Broadcasting, Inc. and the other stockholders party thereto, as the same may be amended from time to time (the Investor Rights Agreement), the Board shall
have the power and authority to nominate candidates for election to the Board. Otherwise, the stockholders shall have the power and authority to nominate candidates for election to the Board in accordance with the Investor Rights Agreement and
applicable law.



|Section 3.5 | Election and Term of Office.
|----------- | ----------------------------

The directors shall
be elected at each annual meeting of the stockholders, but if any such annual meeting is not held or the directors are not elected thereat, the directors may be elected by written consent of the holders of not less than a majority of the voting
power of the outstanding shares of common stock or a majority of the directors then in office, in each case, so long as the identity of the directors so elected complies with the requirements set forth in the Investor Rights Agreement, if such
agreement is then in effect and contains requirements with respect to the identity of directors that are then in effect. Each director shall hold office until the next annual meeting and each director shall serve until his successor is duly elected
and qualified or until his death, resignation or removal.



|Section 3.6 | Resignation.
|----------- | ------------

A director may resign by giving
written notice to the Board, the Chairman of the Board, the Chief Executive Officer, the President, the Executive Vice President, or the Secretary. Such resignation shall take effect upon receipt of such notice or at a later time specified therein;
and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. If the resignation of a director is effective at a future time, the Board may elect a successor to take office when the
resignation becomes effective.



|Section 3.7 | Vacancies.
|----------- | ----------

Should a vacancy occur or be created on
the Board through an increase in the exact number of directors within the authorized range set forth in Section 3.2, such vacancy shall be filled in accordance with the Investor Rights Agreement and applicable law or, if such agreement
is not then in effect or does not provide for the manner in which such vacancy shall be filled, by a majority vote of then serving directors or by an affirmative vote of the holders of not less than a majority of the voting power of the outstanding
shares of common stock. If, during the interval between annual meetings of stockholders for the election of directors, any vacancies exist or are created, by reason of resignation, death or removal, the vacancy or vacancies in the directors may be
filled in accordance with the Investor Rights Agreement and applicable law or, if such agreement is not then in effect or does not provide for the manner in which such vacancy shall be filled, by a majority vote of the remaining directors or by an
affirmative vote of the holders of not less than a majority of the voting power of the outstanding shares of common stock.



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|Section 3.8 | Place of Meeting.
|----------- | -----------------

The Board may by resolution
designate a place within or without the State of Delaware, including a location in Burbank, California or any other location, where a regular or special meeting of the Board shall be held. In the absence of such designation, meetings of the Board
shall be held at the principal executive office of the Corporation.



|Section 3.9 | Meetings by Conference Telephone.
|----------- | ---------------------------------

A meeting of the
Board may be held through the use of conference telephone or other communications equipment, so long as all members participating in such meeting can hear one another. Participation in such a meeting shall constitute presence at such meeting.
Directors are entitled to participate in any and all Board meetings through the use of conference telephone or other communications equipment. No director shall be excluded from any Board meeting or any portion of a Board meeting because such
director elects to participate through the use of conference telephone or other communications equipment and the Corporation shall make all necessary arrangements to allow directors to participate in Board meetings through the use of a conference
telephone or other communications equipment. No notice of meeting shall require any director to attend a Board meeting in person.



|Section 3.10 | Meetings.
|------------ | ---------

Meetings of the Board shall be held at
the times fixed by resolutions of the Board or upon call of the Chairman of the Board, the Chief Executive Officer, the President or, if there is no President, the Executive Vice President. The Secretary or officer performing his or her duties shall
give reasonable notice (which shall not in any event be less than two (2) days notice delivered by mail, personally or by telephone, including a voice messaging system or by electronic transmission by the Corporation) of all meetings of
directors, provided that a meeting may be held without notice immediately after the annual election, and notice need not be given of regular meetings held at times fixed by resolution of the Board. Meetings may be held at any time without notice if
all of the directors are present or if those not present waive notice either before or after the meeting. Notice by mail, facsimile, telegraph or electronic transmission to the usual business, electronic mail or residence address of the directors
not less than the time above specified before the meeting shall be sufficient.



|Section 3.11 | Waiver of Notice.
|------------ | -----------------

Transactions at any meeting of
the Board, however called and noticed and wherever held, shall be valid as though transacted at a meeting duly held, after regular call and notice, if (i) a quorum is present, (ii) no director present protests lack of notice prior to or at
the commencement of the meeting, and (iii) each director who did not receive proper notice and who is not present at the meeting gives a written waiver of notice, a consent to holding such meeting, or an approval of the minutes thereof whether
before or after the meeting. All such waivers shall be filed with the corporate records or made a part of the minutes of the meeting.



|Section  3.12 | Quorum.
|------------- | -------

A majority of the authorized number of
directors shall constitute a quorum for the transaction of business. Except as otherwise provided by the Certificate of Incorporation or



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these Bylaws, every act or decision done or made by a majority of the directors present at a meeting duly held at which a quorum is present is the act of the
Board.



|Section 3.13 | Adjournment and Notice Thereof.
|------------ | -------------------------------

Any meeting of the
Board, whether or not a quorum is present, may be adjourned by a majority vote of the directors present. If the meeting is adjourned for more than 24 hours, notice of any adjournment to another time or place shall be given prior to the time of the
adjourned meeting to the directors who were not present at the time of the adjournment; provided, however, notice of time and the place of holding an adjourned meeting to be held on the same calendar day need not be given to absent
directors if the time and place are fixed at the adjourned meeting.



|Section 3.14 | Action Without Meeting.
|------------ | -----------------------

Any action required or
permitted to be taken by the Board may be taken without a meeting if all members of the Board individually or collectively consent to such action in writing. Any consent in writing or by electronic transmissions shall be filed with the minutes of
the proceedings of the Board. 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. Such action by written consent shall have the same force
and effect as a unanimous vote of the directors at a duly held meeting of the Board.



|Section 3.15 | Expense Reimbursement and Compensation.
|------------ | ---------------------------------------

Directors
and members of committees may be paid such compensation, if any, for their services and such reimbursement for expenses, as may be fixed or determined by resolution of the Board. This Section 3.15 shall not be construed to preclude any
director from serving the Corporation in any other capacity as an officer, agent, employee, or otherwise, and receiving compensation for those services.



|Section 3.16 | Committees.
|------------ | -----------

(a) The Board may, by resolution
adopted by a majority of the authorized number of directors, (i) designate one or more committees, each consisting of two or more directors, to serve at the pleasure of the Board and (ii) 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. In the absence or disqualification of any member of a committee of the Board, the other members thereof present at any meeting and not
disqualified from voting, whether or not such member or members constitute a quorum, may unanimously appoint another member of the Board to act in the place of such absent or disqualified member.

To the extent permitted by resolution of the Board, a committee may exercise all of the authority of the Board to the extent permitted by
Section 141(c)(2) of DGCL, except with respect to:

(1) the approval, adoption or recommendation of any action which,
under DGCL, also requires stockholders approval or approval of the outstanding shares;





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(2) the filling of vacancies on the Board or in any committee;

(3) the fixing of compensation of the directors for serving on the Board or on any committee;

(4) the amendment or repeal of these Bylaws or the adoption of new bylaws;

(5) the amendment or repeal of any resolution of the Board which by such resolutions express terms is not so amendable or
repealable;

(6) a distribution to the stockholders of the Corporation, except at a rate or in a periodic amount or within a
price range set forth in the Certificate of Incorporation or determined by the Board; or

(7) the appointment of any other
committees of the Board or the members of these committees.

(b) Meetings and action of committees shall be governed by, and held and taken
in accordance with, the provisions of Article III of these Bylaws, Section 3.8 (place of meeting), Section 3.9 (meetings by conference telephone), Section 3.10 (meetings), Section 3.11 (waiver of
notice), Section 3.12 (quorum), Section 3.13 (adjournment and notice thereof), and Section 3.14 (action without meeting), with such changes in the context of those Bylaws as are necessary to substitute the
committee and its members for the Board and its members, except that the time of regular meetings of committees may be determined either by resolution of the Board or by resolution of the committee; special meetings of committees may also be called
by resolution of the Board or by resolution of the committee; and notice of special meetings of committees shall also be given to all alternate members, who shall have the right to attend all meetings of the committee. The Board may adopt rules for
the governance of any committee not inconsistent with the provisions of these Bylaws.



|Section 3.17 | Right of Inspection.
|------------ | --------------------

Each director shall have the
right at any reasonable time to inspect and copy all books, records and documents of every kind and to inspect the physical properties of the Corporation and its subsidiary corporations, domestic or foreign. Such inspection by a director may be made
in person or by agent or attorney and includes the right to copy and make extracts.

ARTICLE IV

OFFICERS



|Section 4.1 | Officers.
|----------- | ---------

The Corporation shall have (i) a
Chairman of the Board or a Chief Executive Officer (or both), (ii) a Secretary, and (iii) a Chief Financial Officer. The Corporation may also have, at the discretion of the Board, a President, an Executive Vice President, one or more Vice
Presidents, one or more Assistant Secretaries, a Treasurer, one or more Assistant Treasurers, and such other officers as the Board may deem appropriate. Any number of offices may be held by the same person.





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|Section 4.2 | Additional Officers.
|----------- | --------------------

Officers other than the
Chairman of the Board, the Chief Executive Officer, the Executive Vice President, the Secretary, and the Chief Financial Officer are herein referred to as Additional Officers. The Board may elect, and may empower the Chairman of the
Board, the Chief Executive Officer, the President or the Executive Vice President to appoint, such Additional Officers as the Board may deem appropriate. Each Additional Officer shall hold office for such period, shall have such authority, and shall
perform such duties, as are provided in these Bylaws or as the Board may designate.



|Section 4.3 | Election and Term.
|----------- | ------------------

Except as otherwise herein
provided, the officers of the Corporation shall be elected by the Board at its regular organizational meeting or at a subsequent meeting. Subject to the rights, if any, of an officer under any contract of employment, each officer shall hold office
at the pleasure of the Board, or until his death, resignation or removal.



|Section 4.4 | Resignation and Removal.
|----------- | ------------------------

(a) An officer may resign
at any time by giving written notice to the Corporation. Such resignation shall be without prejudice to any rights the Corporation may have under any contract to which the officer is a party. Such resignation shall take effect upon the receipt of
such notice or at a later time specified therein; and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective.

(b) The Board may remove any officer with or without cause, and such action shall be conclusive upon the officer so removed. The Board may authorize any officer to remove subordinate officers. Any removal shall be
without prejudice to rights the officer may have under any employment contract with the Corporation.



|Section 4.5 | Vacancies.
|----------- | ----------

A vacancy in any office because of
death, resignation, removal, disqualification, or any other cause shall be filled in the manner prescribed in these Bylaws for election or appointment to such office.



|Section 4.6 | Chairman of the Board.
|----------- | ----------------------

The Chairman of the Board
shall preside at all meetings of the Board at which he or she is present and shall exercise and perform such other powers and duties as may be prescribed by the Board or these Bylaws.



|Section 4.7 | Chief Executive Officer.
|----------- | ------------------------

The Chief Executive
Officer of the Corporation shall have and be vested with general supervisory power and authority over the business and affairs of the Corporation. He or she shall see that all orders and resolutions of the Board are carried into effect. He or she
shall sign or countersign or authorize another officer of the Corporation to sign all certificates contracts, and other instruments of the Corporation as authorized by the Board, shall make



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reports to the Board and stockholders and shall perform all such other duties as may be directed by the Board or these Bylaws.

The President shall, in the event of absence, disability or refusal to act of the Chief Executive Officer, perform the duties and exercise the powers of
the Chief Executive Officer, and shall have such powers and discharge such duties as may be assigned from time to time by the Board.



|Section 4.8 | President; Executive Vice President.
|----------- | ------------------------------------

The President
shall have and be vested with general supervisory power and authority over the business and affairs of the Corporation and shall perform all such duties as may be directed by the Board or these Bylaws, subject at all times to the authority of the
Chief Executive Officer. The President shall also have and exercise all of the duties, power and authority prescribed for the Chief Executive Officer except with respect to such specific authority as is reserved for the Chief Executive Officer.

The Executive Vice President shall have and be vested with general supervisory power and authority over the business and affairs of
the Corporation and shall perform all such duties as may be directed by the Board or these Bylaws, subject at all times to the authority of the Chief Executive Officer and the President. The Executive Vice President shall also have and exercise all
of the duties, power and authority prescribed for the Chief Executive Officer and the President except with respect to such specific authority as is reserved for the Chief Executive Officer or the President.



|Section 4.9 | Vice Presidents.
|----------- | ----------------

Vice Presidents shall have such
powers and duties as may be prescribed by the Board, the Chairman of the Board, the Chief Executive Officer, the President or the Executive Vice President.



|Section 4.10 | Chief Financial Officer; Treasurer.
|------------ | -----------------------------------

The Chief
Financial Officer shall keep and maintain, or cause to be kept and maintained, adequate and correct books and records of accounts of the properties and business transactions of the Corporation, including accounts of its assets, liabilities,
receipts, disbursements, gains, losses, capital, retained earnings, and shares. The books of account shall at all reasonable times be open to inspection by any director.

The Chief Financial Officer shall deposit all monies and other valuables in the name and to the credit of the Corporation with such depositaries as may be designated by the Board. He or she shall disburse the funds of
the Corporation as may be ordered by the Board, shall render to the Chief Executive Officer, the President, the Executive Vice President, and directors, whenever they request it, an account of all of his transactions as Chief Financial Officer and
of the financial condition of the Corporation, and shall have other powers and perform such other duties as may be prescribed by the Board or these Bylaws.

If there be any Treasurer, the Treasurer shall, in the event of absence, disability or refusal to act of the Chief Financial Officer, perform the duties and exercise the powers of the



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Chief Financial Officer, and shall have such powers and discharge such duties as may be assigned from time to time by the Chief Executive Officer, the
President or the Executive Vice President or by the Board.



|Section 4.11 | Secretary.
|------------ | ----------

(a) The Secretary shall keep or cause
to be kept full and accurate records of all meetings of stockholders and all meetings of directors. Such records shall include books of minutes of all meetings of stockholders, meetings of the Board, and meetings of committees. The information in
such books of minutes shall include the names of those present at Board and committee meetings and the number of shares represented at stockholders meetings.

(b) The Secretary shall give or cause to be given notice of all meetings of stockholders, of the Board, and of any committees, whenever such notice is required by law or these Bylaws.

(c) The Secretary shall keep or cause to be kept at the principal executive office, or at the office of the Corporations transfer agent or
registrar if either be appointed, a share register, or a duplicate share register, showing the names of the stockholders and their addresses, the number and classes of shares held by each, the number and date of certificates issued for such shares,
and the number and date of cancellation of every certificate surrendered for cancellation.

(d) The Secretary shall keep or cause to be
kept a copy of these Bylaws of the Corporation at the principal executive office or business office.

(e) The Secretary shall keep the
corporate seal in safe custody.

(f) The Secretary shall have all the powers and duties ordinarily incident to the office of a secretary of
a corporation and such other duties as may be prescribed by the Board.

(g) If there be any Assistant Secretaries, one or more Assistant
Secretaries, in order of seniority, shall, in the event of the absence, disability or refusal to act of the Secretary, perform the duties and exercise the powers of the Secretary, and shall have such powers and discharge such duties as may be
assigned from time to time by the Chief Executive Officer, the President or the Executive Vice President or by the Board.



|Section 4.12 | Compensation.
|------------ | -------------

The Board may fix, or may appoint a
committee to fix, the compensation of all officers and employees of the Corporation. The Board may authorize any officer upon whom the power of appointing subordinate officers may have been conferred to fix the compensation of such subordinate
officers.





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ARTICLE V

DIVIDENDS AND FINANCE



|Section 5.1 | Dividends.
|----------- | ----------

Dividends upon the capital stock of the
Corporation, subject to the provisions of the Certificate of Incorporation, if any, may be declared by the Board at any regular or special meeting, pursuant to law. Dividends may be paid in cash, in property, or in shares of the capital stock,
subject to the provisions of the Certificate of Incorporation.



|Section 5.2 | Fiscal Year.
|----------- | ------------

The fiscal year of the Corporation
shall begin the first day of January and end on the last day of December of each year.

ARTICLE VI

INDEMNIFICATION



|Section 6.1 | Right to Indemnification.
|----------- | -------------------------

The Corporation shall
indemnify and hold harmless, to the fullest extent permitted by applicable law as it presently exists or may hereafter be amended, any person who was or is made or is threatened to be made a party or is otherwise involved in any action, suit or
proceeding, whether civil, criminal, administrative or investigative (a proceeding) by reason of the fact that he, or a person for whom he is the legal representative, is or was a director or officer of the Corporation or is or
was serving at the request of the Corporation as a director, officer, employee, duly authorized attorney-in-fact, or agent of another corporation or of a partnership, joint venture, trust, enterprise or nonprofit entity, including service with
respect to employee benefit plans, against all liability and loss suffered and expenses (including attorneys fees) reasonably incurred by such person. The Corporation shall be required to indemnify a person in connection with a proceeding (or
part thereof) initiated by such person only if the proceeding (or part thereof) was authorized by the Board of the Corporation.



|Section 6.2 | Prepayment of Expenses.
|----------- | -----------------------

The Corporation shall pay
the expenses (including attorneys fees) incurred in defending any proceeding in advance of its final disposition, provided, however, that the payment of expenses incurred by a director or officer in advance of the final disposition of the
proceeding shall be made only upon receipt of an undertaking by the director or officer to repay all amounts advanced if it should be ultimately determined that the director or officer is not entitled to be indemnified under this Article or
otherwise.



|Section 6.3 | Non-Exclusivity of Rights.
|----------- | --------------------------

The rights conferred on
any person by this Article VI shall not be exclusive of any other rights which such person may have or hereafter acquire under any statute, provision of the Certificate of Incorporation, these Bylaws, agreement, vote of stockholders or disinterested
directors or otherwise. All rights to indemnification under this Article VI shall be deemed to be a contract between the Corporation and each director and officer of the Corporation who serves



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or served in such capacity or is or was serving at the request of the Corporation as a director, officer, employee, duly authorized attorney-in-fact, or
agent of another corporation or of a partnership, joint venture, trust, enterprise or nonprofit entity at any time while this Article VI is in effect. Any repeal or modification of this Article VI or any repeal or modification of relevant provisions
of applicable laws shall not in any way diminish any rights to indemnification of such person or the obligations of the Corporation arising hereunder with respect to any proceeding arising out of, or relating to, any actions, transactions or facts
occurring prior to the final adoption of such modification or repeal.



|Section 6.4 | Reliance.
|----------- | ---------

Any Person who after the date of the
adoption of this provision becomes or remains a director or officer of the Corporation or who, while a director or officer of the Corporation, becomes or remains at the request of the Corporation a director, officer, employee, duly authorized
attorney-in-fact or agent of another corporation or of a partnership, joint venture, trust, enterprise or nonprofit entity, shall be conclusively presumed to have relied on the rights to indemnity, advance of expenses and other rights contained in
this Article VI in entering into or continuing such service. The rights to indemnification and to the advance of expenses conferred in this Article VI shall apply to claims made against an indemnitee arising out of acts or omissions which occurred
or occur both prior and subsequent to the adoption hereof.



|Section 6.5 | Savings Clause.
|----------- | ---------------

If this Article VI or any portion
hereof shall be invalidated on any ground by any court of competent jurisdiction, then the Corporation shall nevertheless indemnify each person entitled to indemnification under the first paragraph of this Article VI as to all expense, liability and
loss (including attorneys fees and related disbursements, judgments, fines, ERISA excise taxes and penalties, penalties and amounts paid or to be paid in settlement) actually and reasonably incurred and suffered by such person and for which
indemnification is available to such person pursuant to this Article VI to the full extent permitted by any applicable portion of this Article VI that shall not have been invalidated and to the full extent permitted by applicable law.



|Section 6.6 | Other Indemnification.
|----------- | ----------------------

The Corporations
obligation, if any, to indemnify any person who was or is serving at its request as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise shall be reduced by any amount such person may
collect as indemnification from such other corporation, partnership, joint venture, trust or other enterprise.



|Section 6.7 | Insurance.
|----------- | ----------

The Corporation may maintain insurance,
at its expense, to protect itself and any director, officer, employee or agent of the Corporation, or such person who is or was serving at the request of the Corporation as a director, officer, employee or agent of another corporation, partnership,
joint venture, trust or other enterprise against any such expense, liability or loss, whether or not the Corporation would have the power to indemnify such person against such expense, liability or loss under Delaware law.





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|Section 6.8 | Amendment or Repeal.
|----------- | --------------------

Any repeal or modification of
the foregoing provisions of this Article VI shall not adversely affect any right or protection under this Article VI of any person in respect of any act or omission occurring prior to the time of such repeal or modification.

ARTICLE VII

MISCELLANEOUS



|Section 7.1 | Maintenance of Share Register.
|----------- | ------------------------------

The Corporation
shall keep at its principal executive office, or at the office of its transfer agent or registrar, if either be appointed and as determined by resolution of the Board, a record of its stockholders, giving the names and addresses of all stockholders
and the number and class of shares held by each stockholder.



|Section 7.2 | Interested Directors; Quorum.
|----------- | -----------------------------

No contract or
transaction between the Corporation and one or more of its directors or officers, or between the Corporation and any other corporation, partnership, association, or other organization in which one or more of its directors or officers are directors
or officers, or have a financial interest, shall be void or voidable solely for this reason, or solely because the director or officer is present at or participates in the meeting of the Board or committee thereof which authorizes the contract or
transaction, or solely because his or their votes are counted for such purpose, if: (1) the material facts as to such directors or officers relationship or interest and as to the contract or transaction are disclosed or are known to
the Board or the committee, and the Board or committee in good faith authorizes the contract or transaction by the affirmative votes of a majority of the disinterested directors, even though the disinterested directors be less than a quorum;
(2) the material facts as to such directors or officers relationship or interest and as to the contract or transaction are disclosed or are known to the stockholders entitled to vote thereon, and the contract or transaction is
specifically approved in good faith by vote of the stockholders; or (3) the contract or transaction is fair as to the Corporation as of the time it is authorized, approved or ratified by the Board, a committee thereof, or the stockholders.
Common or interested directors may be counted in determining the presence of a quorum at a meeting of the Board or of a committee which authorizes the contract or transaction.



|Section 7.3 | Registered Stockholder.
|----------- | -----------------------

Registered stockholders
only shall be entitled to be treated by the Corporation as the holders in fact of the shares standing in their respective names and the Corporation shall not be bound to recognize any equitable or other claim to or interest in any share on the part
of any other person, whether or not it shall have express or other notice thereof, except as expressly provided by DGCL.





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|Section 7.4 | Inspection of Bylaws.
|----------- | ---------------------

The Corporation shall keep
at its principal executive office the original or a copy of these Bylaws as amended to date, which copy shall be open to inspection by stockholders at reasonable times during office hours.



|Section 7.5 | Certificates of Stock.
|----------- | ----------------------

(a) Every holder of shares
of the Corporation shall be entitled to receive upon written request certificates certifying the number of shares and the class or series of such shares owned by the stockholder. Each certificate shall be signed in the name of the Corporation by
(i) the Chairman of the Board, the Chief Executive Officer, the President or the Executive Vice President and (ii) the Secretary, any Assistant Secretary, the Chief Financial Officer, any Assistant Chief Financial Officer of the
Corporation, Treasurer or any Assistant Treasurer. Any of the signatures on the certificate may be facsimile. If any officer, transfer agent or registrar whose signature appears on the certificate shall cease to be such an officer, transfer agent or
registrar before such certificate is issued, the certificate may be issued by the Corporation with the same effect as if such person continued to be an officer, transfer agent or registrar at the date of issue.

(b) To the fullest extent permitted by law, certificates for shares may be issued prior to full payment under such restrictions and for such purposes as
the Board may lawfully provide; provided, however, that on any certificate issued to represent any partly paid shares, the total amount of the consideration to be paid therefor and the amount paid thereof shall be stated.

(c) Except as provided in this Section 7.5, no new certificate for shares shall be issued in lieu of an old one unless the old certificate is
surrendered and canceled at the same time. The Corporation may, however, in case any certificate is alleged to have been lost, stolen or destroyed, authorize the issuance of a new certificate in lieu thereof; and the Corporation may require that the
Corporation be given a bond or other adequate security sufficient to indemnify the Corporation against any claim that may be made against it (including expense or liability) on account of the alleged loss, theft or destruction of such certificate or
the issuance of such new certificate.

(d) Prior to due presentation of transfers for registration in the stock transfer book of the
Corporation, the registered owner of shares shall be treated as the person exclusively entitled to vote, to receive notice, and to exercise all other rights and receive all other entitlements of stockholders, except as may be provided otherwise by
Delaware law.



|Section 7.6 | Representation of Shares of Other Corporations.
|----------- | -----------------------------------------------

The Chairman of the Board, the Chief Executive Officer, the President, the Executive Vice President, the Secretary, the Chief Financial Officer and such other officers as the Board may designate by resolution are each authorized to vote,
represent and exercise on behalf of the Corporation all rights incident to any and all shares of any other corporation or corporations standing in the name of the Corporation. The authority herein granted may be exercised either by any such officer
in person or by any other person so authorized to do by proxy or power of attorney duly elected by said officer.





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|Section 7.7 | Stock Purchase Plan.
|----------- | --------------------

The corporation may adopt and
carry out a stock purchase plan or agreement or stock option plan or agreement providing for the issue and sale for such consideration as may be fixed of its unissued shares, or of issued shares acquired or to be acquired, to one or more of the
employees or directors of the corporation or of a subsidiary or to a trustee on their behalf and for the payment for such shares in installments or at one time, and may provide for aiding any such persons in paying for such shares by compensation
for services rendered, promissory notes or otherwise.

Any such stock purchase plan or agreement or stock option plan or agreement may
include, among other features, the fixing of eligibility for participation therein, the class and price of shares to be issued or sold under the plan or agreement, the number of shares which may be subscribed for, the method of payment therefor, the
reservation of title until full payment therefor, the effect of the termination of employment, an option or obligation on the part of the corporation to repurchase the shares upon termination of employment, restrictions upon transfer of the shares,
the time limits of and termination of the plan, and any other matters, not in violation of applicable law, and may be included in the plan as approved or authorized by the Board or any committee of the Board.



|Section 7.8 | Construction.
|----------- | -------------

Unless the context otherwise
requires, the general provisions, rules of construction and definitions contained in DGCL shall govern the construction of these Bylaws. Without limiting the generality of this provision, the singular includes the plural, plural number includes the
singular, and the term person includes both a corporation and a natural person.



|Section 7.9 | Amendment of These Bylaws.
|----------- | --------------------------

Subject to restrictions
contained in the Certificate of Incorporation, these Bylaws, or any of them, may be amended, altered or repealed and new Bylaws may be adopted, in each case in any manner not inconsistent with DGCL or the Certificate of Incorporation, by the
affirmative vote of at least a majority of the members of the Board or by the affirmative vote of the holders of at least a majority of the voting power of the outstanding shares of common stock of the Corporation. Notwithstanding the foregoing, no
amendment, modification or waiver shall be binding or effective with respect to this Section 7.9 without the affirmative vote of the holders of at least a majority of the voting power of the outstanding shares of common stock of the
Corporation.