Exhibit 3.2



AKESIS PHARMACEUTICALS, INC.

(FORMERLY KNOWN AS LIBERTY MINT, LTD.)



BY-LAWS



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TABLE OF CONTENTS



|                                                              |  |     
|------------------------------------------------------------- |  | ----
|                                                              |  | Page
|ARTICLE I -OFFICES                                            |  | 1   
|                                                              | 
|Section 1.1 Principal Office                                  |  | 1   
|Section 1.2 Other Offices                                     |  | 1   
|                                                              | 
|ARTICLE II -SHAREHOLDERS                                      |  | 1   
|                                                              | 
|Section 2.1 Annual Meeting                                    |  | 1   
|Section 2.2 Special Meetings                                  |  | 1   
|Section 2.3 Notice of Meetings                                |  | 1   
|Section 2.4 Quorum                                            |  | 2   
|Section 2.5 Organization                                      |  | 2   
|Section 2.6 Conduct of Business                               |  | 2   
|Section 2.7 Proxies and Voting                                |  | 2   
|Section 2.8 Shareholder Action By Written Consent             |  | 3   
|Section 2.9 Stock List                                        |  | 3   
|Section 2.10 Meetings by Telecommunication                    |  | 3   
|                                                              | 
|ARTICLE III -BOARD OF DIRECTORS                               |  | 3   
|                                                              | 
|Section 3.1 Number and Term of Office                         |  | 3   
|Section 3.2 Vacancies                                         |  | 4   
|Section 3.3 Regular Meetings                                  |  | 4   
|Section 3.4 Special Meetings                                  |  | 4   
|Section 3.5 Quorum                                            |  | 4   
|Section 3.6 Participation in Meetings by Conference Telephone |  | 5   
|Section 3.7 Conduct of Business                               |  | 5   
|Section 3.8 Powers                                            |  | 5   
|Section 3.9 Compensation of Directors                         |  | 6   
|Section 3.10 Interested Directors                             |  | 6   
|Section 3.11 Loans                                            |  | 6   
|                                                              | 
|ARTICLE IV -COMMITTEES                                        |  | 6   
|                                                              | 
|Section 4.1 Committees of the Board of Directors              |  | 6   
|Section 4.2 Conduct of Business                               |  | 7   
|                                                              | 
|ARTICLE V -OFFICERS                                           |  | 7   
|                                                              | 
|Section 5.1 Generally                                         |  | 7   
|Section 5.2 President                                         |  | 7   
|Section 5.3 Vice-president                                    |  | 8   
|Section 5.4 Treasurer                                         |  | 8   
|Section 5.5 Secretary                                         |  | 8   
|Section 5.6 General Manager                                   |  | 8   
|Section 5.7 Delegation of Authority                           |  | 8   



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TABLE OF CONTENTS

(Continued)



|                                                                   |  |     
|------------------------------------------------------------------ |  | ----
|                                                                   |  | Page
|Section 5.8 Removal                                                |  | 8   
|Section 5.9 Action with Respect to Securities of Other Corporation |  | 9   
|                                                                   | 
|ARTICLE VI - INDEMNIFICATION OF DIRECTORS, OFFICERS AND OTHERS     |  | 9   
|                                                                   | 
|Section 6.1 Generally                                              |  | 9   
|Section 6.2 Expenses                                               |  | 10  
|Section 6.3 Determination by Board of Directors                    |  | 10  
|Section 6.4 Non-exclusive Right                                    |  | 10  
|Section 6.5 Insurance                                              |  | 10  
|Section 6.6 Violation of Law                                       |  | 11  
|Section 6.7 Coverage                                               |  | 11  
|                                                                   | 
|ARTICLE VII - STOCK                                                |  | 11  
|                                                                   | 
|Section 7.1 Certificates of Stock                                  |  | 11  
|Section 7.2 Transfers of Stock                                     |  | 11  
|Section 7.3 Record Date                                            |  | 11  
|Section 7.4 Lost, Stolen or Destroyed Certificates                 |  | 12  
|Section 7.5 Regulations                                            |  | 12  
|                                                                   | 
|ARTICLE VIII - NOTICES                                             |  | 12  
|                                                                   | 
|Section 8.1 Notices                                                |  | 12  
|Section 8.2 Waivers                                                |  | 12  
|                                                                   | 
|ARTICLE IX - MISCELLANEOUS                                         |  | 12  
|                                                                   | 
|Section 9.1 Facsimile Signatures                                   |  | 12  
|Section 9.2 Corporate Seal                                         |  | 12  
|Section 9.3 Reliance upon Books, Reports and Records               |  | 13  
|Section 9.4 Fiscal Year                                            |  | 13  
|Section 9.5 Time Periods                                           |  | 13  
|                                                                   | 
|ARTICLE X - AMENDMENTS                                             |  | 13  
|                                                                   | 
|Section 10.1 Amendments                                            |  | 13  



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ARTICLE I-OFFICES



Section 1.1 Principal Office



The principal executive office of the corporation shall be such location as deemed necessary from time to time by the Board
of Directors.



Section 1.2 Other Offices



The corporation may also have such other offices, either
within or without the State of Nevada, as the Board of Directors may from time to time determine or the business of the corporation may require.



ARTICLE II-SHAREHOLDERS



Section 2.1 Annual Meeting



An annual meeting of the shareholders, for the selection of directors to succeed those whose terms expire and for the transaction of such other business
as may properly come before the meeting, shall be held at the principal office of the corporation on the second Monday of January or, if such date shall fall on a holiday, the next business day thereafter. The Board of Directors may change the date
or elect to have no annual meeting for a particular year. If the election of directors is not held on the day designated for any annual meeting of the shareholders or at any adjournment of the meeting, the Board of Directors shall call for the
election to be held at a special meeting of the Shareholders as soon thereafter as possible.



Section 2.2 Special Meetings



Special meetings of the shareholders, for any purpose or purposes prescribed in the notice of the meeting, may be called by the Board of Directors, the
president, the chief executive officer, or the holders of not less than one-tenth of all the shares entitled to vote at the meeting, and shall be held at such place, on such date, and at such time as they or he shall fix.



Section 2.3 Notice of Meetings



Written notice of the place, date and time of all meetings of the
shareholders shall be given, not less than ten nor more than fifty days before the date on which the meeting is to be held, to each stockholder entitled to vote at such meeting, except as otherwise provided herein or required by law (meaning, here
and hereinafter, as required from time to time by the corporation statutes of the State of Nevada, as contained in Chapter 78 of Nevada Revised Statutes, or the Articles of Incorporation).



When a meeting is adjourned to another place, date or time, written notice
need not be given of the adjourned meeting if the place, date and time thereof are announced at the meeting at which the adjournment is taken; provided, however, that if the date of any adjourned meeting is more than



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thirty days after the date for which the meeting was originally noticed, or if a new record date is fixed for the
adjourned meeting, written notice of the place, date, and time of the adjourned meeting shall be given in conformity herewith. At any adjourned meeting, any business may be transacted which might have been transacted at the original meeting.



Section 2.4 Quorum



At any meeting of the shareholders, the holders of a majority of all of the
shares of the stock entitled to vote at the meeting, present in person or by proxy, shall constitute a quorum for all purposes, unless or except to the extent that the presence of a larger number may be required by law.



If a quorum shall fail to attend any meeting, the chairman of the meeting or
the holders of a majority of the shares of the stock entitled to vote who are present, in person or by proxy, may adjourn the meeting to another place, date or time.



If a notice of any adjourned special meeting of shareholders is sent to all shareholders entitled to vote thereat, stating
that it will be held with those present constituting a quorum, then except as otherwise required by law, those present at such adjourned meeting shall constitute a quorum, and all matters shall be determined by a majority of the votes cast at such
meeting.



Section 2.5 Organization



Such person as the Board of Directors may have designated
or, in the absence of such a person, the highest ranking officer of the corporation who is present shall call to order any meeting of the shareholders and act as chairman of the meeting. In the absence of the Secretary of the corporation, the
secretary of the meeting shall be the person the chairman appoints.



Section 2.6 Conduct of Business



The chairman of any meeting of shareholders shall determine the order of business, and the procedure at the meeting, including such regulation of the manner of voting and the conduct of discussion as seem to him in order.



Section 2.7 Proxies and Voting



At any meeting of the shareholders, every shareholder entitled to vote may
vote in person or by proxy authorized by an instrument in writing filed in accordance with the procedure established for the meeting.



Each shareholder shall have one vote for every share of stock entitled to vote which is registered in his name on the record date for the meeting, except
as otherwise provided herein or required by law.



All voting,
except on the election of directors and where otherwise required by law, may be by a voice vote; provided, however, that upon demand therefor by a shareholder entitled to vote or



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his proxy, a stock vote shall be taken. Every stock vote shall be taken by ballots, each of which shall state the name of
the shareholder or proxy voting and such other information as may be required under the procedure established for the meeting. Every vote taken by ballots shall be counted by an inspector or inspectors appointed by the chairman of the meeting.



If a quorum is present, the affirmative vote of the majority
of the shares represented at the meeting and entitled to vote on the subject matter shall be the act of the shareholders, unless the vote of a greater number or voting by class is required by law, the Articles of Incorporation, or these By-laws.



Section 2.8 Shareholder Action By Written
Consent



Any action which may be taken at a meeting of the
Shareholders may be taken by written consent without a meeting if such action is taken in conformance with the Nevada Corporations Code.



Section 2.9 Stock List



A complete list of shareholders entitled to vote at any meeting of shareholders, arranged in alphabetical order for each class of stock and showing the
address of each such shareholder and the number of shares registered in his name, shall be open to the examination of any such shareholder, for any purpose germane to the meeting, during ordinary business hours for a period of at least ten (10) days
prior to the meeting, either at a place within the city where the 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.



The Stock list shall also be kept at the place of the meeting during the
whole time thereof and shall be open to the examination of any such shareholder who is present. This list shall presumptively determine the identity of the shareholders entitled to vote at the meeting and the number of shares held by each of them.



Section 2.10 Meetings by Telecommunication



Any meeting of the shareholders may be conducted through
the use of any means of communication which allows persons participating in the meeting to hear one another.



ARTICLE III-BOARD OF DIRECTORS



Section 3.1 Number and Term of Office



The Board of Directors shall consist of a minimum of one director. Each director shall be selected for a term of one year and until his successor is
elected and qualified, except as otherwise provided herein or required by law.



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Whenever the authorized number of directors is increased between annual meetings of the shareholders, a
majority of the directors then in office shall have the power to elect such new directors for the balance of a term and until their successors are elected and qualified. Any decrease in the authorized number of directors shall not become effective
until the expiration of the term of the directors then in office unless, at the time of such decrease, there shall be vacancies on the board which are being eliminated by the decrease.



Section 3.2 Vacancies



Vacancies in the board of directors may be filled by a majority vote of the remaining directors, though less than a quorum,
by a sole remaining director, or by the shareholders. Each director so elected shall hold office until a successor is elected at an annual or a special meeting of the shareholders.



A vacancy in the board of directors shall be deemed to exist in case of the death, resignation or removal of any director;
if the authorized number of directors is increased; or if the shareholders fail to elect the full authorized number of directors.



The shareholders may elect a director at any time to fill any vacancy not filled by the directors. If the board of directors accepts the resignation of a
director tendered to take effect at a future time, the board or the shareholders shall have power to elect a successor to take office when the resignation is to become effective.



No reduction of the authorized number of directors shall have the effect of removing any director prior to the expiration of
the directors term of office.



Section 3.3 Regular Meetings



Regular meetings
of the Board of Directors shall be held at such place or places, on such date or dates, and at such time or times as shall have been established by the Board of Directors and publicized among all directors. A notice of each regular meeting shall not
be required.



Section 3.4 Special Meetings



Special meetings of the Board of Directors may be called
by one-third of the directors then in office or by the chief executive officer and shall be held at such place, on such date and at such time as they or he shall fix. Notice of the place, date and time of each such special meeting shall be given by
each director by whom it is not waived by mailing written notice not less than three days before the meeting or by telegraphing the same not less than eighteen hours before the meeting. Unless otherwise indicated in the notice thereof, any and all
business may be transacted at a special meeting.



Section 3.5 Quorum



At any meeting of the
Board of Directors, a majority of the total number of the whole board shall constitute a quorum for all purposes. If a quorum shall fail to attend any meeting, a majority of those present may adjourn the meeting to another place, date or time,
without further notice or waiver thereof.



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Section 3.6 Participation in Meetings by Conference Telephone



Members of the Board of Directors or of any committee thereof, may
participate in a meeting of such board or committee by means of conference telephone or similar communications equipment that enables all persons participating in the meeting to hear each other. Such participation shall constitute presence in person
at such meeting.



Section 3.7 Conduct of
Business



At any meeting of the Board of Directors,
business shall be transacted in such order and manner as the board may from time to time determine, and all matters shall be determined by the vote of a majority of the directors present, except as otherwise provided herein or required by law.
Action may be taken by the Board of Directors without a meeting if all members thereof consent thereto in writing, and the writing or writings are filed with the minutes of proceedings of the Board of Directors.



Section 3.8 Powers



The Board of Directors may, except as otherwise required by law, exercise
all such powers and do all such acts and things as may be exercised or done by the corporation, including, without limiting the generality of the foregoing, the unqualified power:



(a) To declare dividends from time to time in accordance with law;



(b) To purchase or otherwise acquire any property, rights or privileges on
such terms as it shall determine;



(c) To remove any officer of
the corporation with or without cause, and from time to time to devolve the powers and duties of any officer upon any other person for the time being;



(d) To confer upon any officer of the corporation the power to appoint, remove and suspend subordinate officers and agents;



(e) To adopt from time to time such stock option, stock purchase, bonus or
other compensation plans for directors, officers and agents of the corporation and its subsidiaries as it may determine;



(f) To adopt from time to time such insurance, retirement and other benefit plan for directors, officers and agents of the corporation and its
subsidiaries as it may determine; and



(g) To adopt from time
to time regulations, not inconsistent with these By-laws, for the management of the corporations business and affairs,



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Section 3.9 Compensation of Directors



Directors, as such, may receive, pursuant to resolution of the Board of
Directors, fixed fees and other compensation for their services as directors, including, without limitation, their services as members of committees of the directors.



Section 3.10 Interested Directors



1. 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 which authorizes the contract or transaction, or solely because his or their votes are counted for such purpose, if;



i. The material facts as to his relationship or interest and as to the
contract or transaction are disclosed or are known to the Board of Directors 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; or



ii. The material facts as to his relationship or interest and as to the contract or transaction are disclosed or are known to the shareholders entitled to vote thereon, and the contract or transaction is specifically approved in good faith
by vote of the shareholders; or



iii. The contract or
transaction is fair as to the corporation as of the time it is authorized, approved or ratified, by the Board of Directors, a committee or the shareholders.



2. Common or interested directors may be counted in determining the presence of a quorum at a meeting of the Board of Directors or of a committee which
authorizes the contract or transaction.



Section 3.11 Loans



The corporation shall not
lend money to or use its credit to assist its officers, directors or other control persons without authorization in the particular case by the shareholders, but may lend money to and use its credit to assist any employee, excluding such officers,
directors or other control persons of the corporation or of a subsidiary, if such loan or assistance benefits the corporation.



ARTICLE IV-COMMITTEES



Section 4.1 Committees of the Board of Directors



The Board of Directors, by a vote of a majority of the whole board, may from time to time designate committees of the board,
with such lawfully powers and duties as it thereby confers, to serve at the pleasure of the board and shall, for those committees and any others provided for herein,



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elect a director or directors to serve as the member or members, designating, if it desires, other directors as
alternative members who may replace any absent or disqualified member at any meeting of the committee. Any committee so designated may exercise the power and authority of the Board of Directors to declare a dividend or to authorize the issuance of
stock if the resolution which designates the committee or a supplemental resolution of the Board of Directors shall so provide. In the absence or disqualification of any member of any committee and any alternate member in his place, the member or
members of the committee present at the meeting and not disqualified from voting, whether or not he or they constitute a quorum, may by unanimous vote appoint another member of the Board of Directors to act at the meeting in the place of the absent
or disqualified member.



Section 4.2
Conduct of Business



Each committee may determine the
procedural rules for meeting and conducting its business and shall act in accordance therewith, except as otherwise provided herein or required by law. Adequate provisions shall be made for notice to members of all meetings; a majority of the
members shall constitute a quorum unless the committee shall consist of one or two members, in which event one member shall constitute a quorum; and all matters shall be determined by a majority vote of the members present. Action may be taken by
any committee without a meeting if all members thereof consent thereto in writing, and the writing or writings are filed with the minutes of the proceedings of such committee.



ARTICLE V-OFFICERS



Section 5.1 Generally



The officers of the corporation shall consist of a president, one or more vice-presidents, a secretary, a treasurer and such other subordinate officers as
may from time to time be appointed by the Board of Directors. Officers shall be elected by the Board of Directors, which shall consider that subject at its first meeting after every annual meeting of shareholders. Each officer shall hold his office
until his successor is elected and qualified or until his earlier resignation or removal. Any number of offices may be held by the same person.



Section 5.2 President



The President shall be the chief executive officer of the corporation, except as set forth in Section 5.6 of this Article. Subject to the provisions of
these By-laws and to the direction of the Board of Directors, he shall have the responsibility for the general management and control of the affairs and business of the corporation and shall perform all duties and have all powers which are commonly
incident to the office of chief executive or which are delegated to him by the Board of Directors. He shall have power to sign all stock certificates, contracts and other instruments of the corporation which are authorized. He shall have general
supervision and direction of all of the other officers and agents of the corporation.



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Section 5.3 Vice-president



Each vice-president shall perform such duties as the Board of Directors
shall prescribe. In the absence or disability of the President, the vice-president who has served in such capacity for the longest time shall perform the duties and exercise the powers of the President.



Section 5.4 Treasurer



The treasurer shall have the custody of the monies and securities of the
corporation and shall keep regular books of account. He shall make such disbursements of the funds of the corporation as are proper and shall render from time to time an account of all such transactions and of the financial condition of the
corporation.



Section 5.5 Secretary



The secretary shall issue all authorized notices for, and
shall keep minutes of, all meetings of the shareholders and the Board of Directors and shall have charge of the corporate books.



Section 5.6 General Manager



The Board of Directors may employ and appoint a general manager who may, or may not, be one of the officers or directors of the corporation. If employed
by the Board of Directors he shall be the chief operating officer of the corporation and, subject to the directions of the Board of Directors, shall have general charge of the business operations of the corporation and general supervision over its
employees and agents. He shall have the exclusive management of the business of the corporation and of all of its dealings but at all times subject to the control of the Board of Directors. Subject to the approval of the Board of Directors or a
committee, he shall employ all employees of the corporation, or delegate such employment to subordinate officers, or division officers, or division chiefs, and shall have authority to discharge any person so employed. He shall make a report to the
President and directors quarterly, or more often if required to do so, setting forth the results of the operations under his charge, together with suggestions regarding the improvement and betterment of the condition of the corporation, and shall
perform such other duties as the Board of Directors shall require.



Section 5.7 Delegation of Authority



The Board of Directors may, from time to time, delegate the powers or duties of any officer to any other officers or agents, notwithstanding any provision hereof.



Section 5.8 Removal



Any officer of the corporation may be removed at any time, with or without
cause, by the Board of Directors.



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Section 5.9 Action with Respect to Securities of Other Corporation



Unless otherwise directed by the Board of Directors, the president shall
have power to vote and otherwise act on behalf of the corporation, in person or by proxy, at any meeting of shareholders of or with respect to any action of shareholders of any other corporation in which this corporation may hold securities and
otherwise to exercise any and all rights and powers which this corporation may possess by reason of its ownership of securities in such other corporation.



ARTICLE VI-INDEMNIFICATION OF DIRECTORS,



OFFICERS AND OTHERS



Section 6.1 Generally



The corporation shall have the power to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or
completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the fact that he is or was a director, officer, employee or agent of the
corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys fees),
judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with such action, suit or proceeding if he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests
of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful. The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of
nolo contendereor items equivalent, shall not, of itself, create a presumption that the person did not act in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the corporation, and with
respect to any criminal action or proceeding, had reasonable cause to believe that his conduct was lawful.



The corporation shall have the power to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or
completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that he is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the
corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against expenses (including attorneys fees) actually and reasonably incurred by him in connection with the
defense or settlement of such action or suit if he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the corporation and except that no indemnification shall be made in respect of any claim,
issue or matter as to which such person shall have been adjudged to be liable for negligence or misconduct in the performance of his duty to the corporation unless and only to the extent that the court in which such action or suit was brought shall
determine upon application that, despite the adjudication of liability but in view of all circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which such court shall deem proper.



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Section 6.2 Expenses



To the extent that a director, officer, employee or agent of the corporation
has been successful on the merits or otherwise in defense of any action, suit or proceeding referred to in Section 6.1 of this Article, or in defense of any claim, issue or matter therein, he shall be indemnified against expenses (including
attorneys fees) actually and reasonably incurred by him in connection therewith. Expenses incurred in defending a civil or criminal action, suit or proceeding may be paid by the corporation in advance of the final disposition of such action,
suit or proceeding as authorized in the manner provided in Section 6.3 of this Article upon receipt of an undertaking by or on behalf of the director, officer, employee or agent to repay such amount unless it shall ultimately be determined that he
is entitled to be indemnified by the corporation as authorized in this Article.



Section 6.3 Determination by Board of Directors



Any indemnification under Section 6.1 of this Article (unless ordered by a court) shall be made by the corporation only as
authorized in the specific case upon a determination that indemnification of the director, officer, employee or agent is proper in the circumstances because he has met the applicable standard of conduct set forth in Section 6.1 of this Article. Such
determination shall be made by the Board of Directors by a majority vote of a quorum of the directors, or by the shareholders.



Section 6.4 Non-exclusive Right



The indemnification provided by this Article shall not be deemed exclusive of any other rights to which those indemnified may be entitled under any
by-law, agreement, vote of shareholders or interested directors or otherwise, both as to action in his official capacity and as to action in another capacity while holding such office and shall continue as to a person who has ceased to be a
director, officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person.



Section 6.5 Insurance



The corporation shall have power to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the
corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against any liability asserted against him and incurred by
him in any such capacity or arising out of his status as such, whether or not the corporation would have the power to indemnify him against such liability under the provisions of this Article.



The corporations indemnity of any person who is or was a director,
officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, shall be reduced by any
amounts such person may collect as indemnification (i) under any policy of insurance purchased and maintained on his behalf by the corporation or (ii) from such other corporation, partnership, joint venture, trust or other enterprise.



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Section 6.6 Violation of Law



Nothing contained in this Article, or elsewhere in these By-laws, shall
operate to indemnify any director or officer if such indemnification is for any reason contrary to law, either as a matter of public policy, or under the provisions of the Federal Securities Act of 1933, the Securities Exchange Act of 1934, or any
other applicable state or federal law.



Section 6.7 Coverage



For the purposes of this
Article, references to the corporation include all constituent corporations absorbed in a consolidation or merger as well as the resulting or surviving corporation so that any person who is or was a director, officer, employee or agent
of such a constituent corporation or is or was serving at the request of such a constituent corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise shall stand in the same
position under the provisions of this Article with respect to the resulting or surviving corporation as he would if he had served the resulting or surviving corporation in the same capacity.



ARTICLE VII-STOCK



Section 7.1 Certificates of Stock



Each shareholder shall be entitled to a certificate signed by, or in the
name of the corporation by, the President or a vice-president, and by the secretary or an assistant secretary, or the treasurer or an assistant treasurer, certifying the number of shares owned by him. Any of or all the signatures on the certificate
may be facsimile.



Section 7.2 Transfers of
Stock



Transfers of stock shall be made only upon the
transfer books of the corporation kept at an office of the corporation or by transfer agents designated to transfer shares of the stock of the corporation. Except where a certificate is issued in accordance with Section 7.4 of this Article, an
outstanding certificate for the number of shares involved shall be surrendered for cancellation before a new certificate is issued therefor.



Section 7.3 Record Date



The Board of Directors may fix a record date, which shall not be more than fifty nor less than ten days before the date of any meeting of shareholders,
nor more than fifty days prior to the time for the other action hereinafter described, as of which there shall be determined the shareholders who are entitled: to notice of or to vote at any meeting of shareholders or any adjournment thereof; to
express consent to corporate action in writing without a meeting; to receive payment of any dividend of other distribution or allotment of any rights; or to exercise any rights with respect of any change, conversion or exchange of stock or with
respect to any other lawful action.



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Section 7.4 Lost, Stolen or Destroyed Certificates



In the event of the loss, theft or destruction of any certificate of stock,
another may be issued in its place pursuant to such regulations as the Board of Directors may establish concerning proof of such loss, theft or destruction and concerning the giving of a satisfactory bond or bonds of indemnity.



Section 7.5 Regulations



The issue, transfer, conversion and registration of certificates of stock
shall be governed by such other regulations as the Board of Directors may establish.



ARTICLE VIII-NOTICES



Section 8.1 Notices



Whenever notice is required to be given to any shareholder, director, officer, or agent, such requirement shall not be construed to mean personal notice. Such notice may in every instance be effectively given by depositing a writing in a
post office or letter box, in a postpaid, sealed wrapper, or by dispatching a prepaid telegram, addressed to such shareholder, director, officer, or agent at his or her address as the same appears on the books of the corporation. The time when such
notice is, dispatched shall be the time of the giving of the notice.



Section 8.2 Waivers



A
written waiver of any notice, signed by a shareholder, director, officer or agent, whether before or after the time of the event for which notice is given, shall be deemed equivalent to the notice required to be given to such shareholder, director,
officer or agent. Neither the business nor the purpose of any meeting need be specified in such a waiver.



ARTICLE IX-MISCELLANEOUS



Section 9.1 Facsimile Signatures



In addition to the provisions for the use of facsimile signatures elsewhere specifically authorized in these By-laws, facsimile signatures of any officer
or officers of the corporation may be used whenever and as authorized by the Board of Directors or a committee thereof.



Section 9.2 Corporate Seal



The Board of Directors may provide a suitable seal, containing the name of the corporation, which seal shall be in the charge of the secretary. If and
when so directed by the Board of Directors or a committee thereof, duplicates of the seal may be kept and used by the treasurer or by the assistant secretary or assistant treasurer.



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Section 9.3 Reliance upon Books, Reports and Records



Each director, each member of any committee designated by the Board of
Directors, and each officer of the corporation shall, in the performance of his duties, be fully protected in relying in good faith upon the books of account or other records of the corporation, including reports made to the corporation by any of
its officers, by an independent certified public accountant, or by an appraiser selected with reasonable care.



Section 9.4 Fiscal Year



The fiscal year of the corporation shall be as fixed by resolution of the Board of Directors.



Section 9.5 Time Periods



In applying any of these By-laws which require that an act be done or not
done a specified number of days prior to any event or that an act be done during a period of a specified number of days prior to an event, calendar days shall be used, the day of the doing of the act shall be excluded and the day of the event shall
be included.



ARTICLE X-AMENDMENTS



Section 10.1 Amendments



These By-laws, or any portion hereof, may be amended or repealed by the
Board of Directors at any meeting or by the shareholders at any meeting.



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