Document:

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Exhibit 4.1

CERTIFICATE OF INCORPORATION

OF

AETHER HOLDINGS, INC.

     FIRST: The name of the Corporation is Aether Holdings, Inc.

     SECOND: The address, including street number, city, and county, of the registered office of
the Corporation in the State of Delaware is 2711 Centerville Road, Suite 400, Wilmington 19808,
County of New Castle; and the name of the registered agent of the Corporation in the State of
Delaware is Corporation Service Company.

     THIRD: The purpose of the Corporation is to engage in any lawful act or activity for which
corporations may be organized under the General Corporation Law of the State of Delaware as the
same exists or may hereafter be amended (“Delaware Law”).

     FOURTH: The total number of shares of stock which the Corporation shall have authority to
issue is 1,001,000,000 shares, consisting of 1,000,000,000 shares of Common Stock, par value $.01
per share and 1,000,000 shares of Preferred Stock, par value $.01 per share.

     Except as otherwise provided in respect of any class of stock hereafter classified or
reclassified or any series thereof hereafter authorized, and except as otherwise specifically
required by law: (1) the exclusive voting power for all purposes shall be vested in the holders of
the Common Stock and (2) each holder of Common Stock shall be entitled to attend all special and
annual meetings of the stockholders of the Corporation and to cast one vote for each outstanding
share of Common Stock so held upon any matter or thing (including without limitation the election
of one or more directors) properly submitted to a vote of, and acted upon by, the stockholders.
Except as otherwise provided in respect of any class of Preferred Stock hereafter classified, each
share of Common Stock shall share ratably in any dividends if or when declared by the Board of
Directors of the Corporation and paid by the Corporation. In the event of liquidation, dissolution
or winding up of the Corporation, whether voluntary or involuntary, each share of Common Stock
shall be entitled, after payment or provision for payment of the amount to which any class or
series hereafter authorized shall have a preference on such distributions shall be entitled,
together with any class or series not having a preference, to share ratably in the remaining net
assets of the Corporation. Each share of Common Stock shall have the same relative rights as and be
identical in all respects to all other shares of Common Stock.

     Any other class or series of stock of the Corporation shall be subject to all of the rights,
privileges, preferences and priorities of such class or series as set forth in the certificate of
designations filed to establish such class or series.

     The Board of Directors is authorized to provide for the issuance from time to time of Common
Stock or Preferred Stock, whether now or hereafter authorized, in one or more class or series, or
securities convertible into shares of its stock, in one or more class or series, for such
consideration as may be determined by the Board of Directors, without further stockholder approval.
As provided by law and within the limitations and restrictions set forth in the Corporation’s
Certificate of Incorporation, the Board of Directors is empowered to fix or alter

 

 

the powers, dividend rights, dividend rate, conversion rights, voting rights, rights and terms
of redemption (including sinking fund provisions), the redemption price or prices, liquidation and
other preferences, and other special rights of any class or series of Common Stock or Preferred
Stock, whether now or hereafter authorized, and the number of shares constituting any such class or
series and the designation thereof, and to increase or decrease the number of shares of any class
or series subsequent to the issue of shares of that class or series, but not below the number of
shares of such class or series then outstanding. In case the number of shares of any class or
series shall be so decreased, the shares constituting such decrease shall resume the status that
they had prior to the adoption of the resolution originally fixing the number of shares of such
class or series.

     FIFTH: The corporation is to have perpetual existence.

     SIXTH: For the management of the business and for the conduct of the affairs of the
Corporation, and in further definition, limitation and regulation of the powers of the Corporation
and of its directors and of its stockholders or any class thereof, as the case may be, it is
further provided:

     (a) The management of the business and the conduct of the affairs of the Corporation shall
be vested in its Board of Directors. The phrase “whole Board” and the phrase “total number of
directors” shall be deemed to have the same meaning, to wit, the total number of directors which
the Corporation would have if there were no vacancies. No election of directors need be by
written ballot.

     (b) The power to adopt, amend or repeal the Bylaws of the Corporation may be exercised by
the Board of Directors. Any adoptions, amendment or repeal of the Bylaws by the Board of
Directors shall require the approval of a majority of the Board of Directors. The stockholders
shall also have the power to adopt, amend or repeal the Bylaws, provided that in addition to any
vote of the holders of any class or series of stock required by law or this Certificate of
Incorporation, the affirmative vote of at least 66 2/3% of the voting power of all of the then
outstanding shares of capital stock of the Corporation entitled to vote generally in the
election of directors, voting together as a single class, shall be required for the stockholders
to adopt, amend or repeal any provision of the Bylaws of the Corporation.

     SEVENTH: (a) The number of directors of the Corporation constituting the whole Board of
Directors shall be fixed by resolution of the Board of Directors. Each director shall hold office
until the next annual meeting of stockholders and until his or her successor is elected and
qualified, or until he or she sooner resigns, is removed or becomes disqualified.

     (b) Any vacancy on the Board of Directors of the Corporation may be filled by the
stockholders at an annual meeting or special meeting called for such purpose or by the vote of a
majority of the remaining directors then in office, although less than a quorum, or by the sole
remaining director.

     (c) Any director may be removed, with cause, by the holders of a majority of the shares
then entitled to vote at an election of directors at an annual meeting or special meeting of
stockholders called for such purpose. For purposes of this section, “cause” shall mean only

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(i) conviction of a felony, (ii) declaration of unsound mind or order of a court, (iii)
gross dereliction of duty, (iv) conviction of an act involving moral turpitude or (v) commission
of an act which constitutes intentional misconduct or a knowing violation of law if in either
case such act involves both improper substantial personal benefit and a material injury to the
Corporation.

     EIGHTH: Any action required by Delaware Law to be taken at any annual meeting or special
meeting of stockholders, or any action which may be taken at any annual meeting or special meeting
of stockholders, may be taken only at such meeting, duly called in accordance with the
Corporation’s Bylaws, and not by written consent pursuant to Section 228 of the General Corporation
Law of the State of Delaware or otherwise, except that action may be taken by written consent if
the consent is signed by the holders of all outstanding shares entitled to vote on the matter.

     NINTH: (a) The Corporation shall indemnify, in accordance with and to the full extent now or
hereafter permitted by law, 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 (including, without limitation, an action by or in the name of the
Corporation), by reason of his acting as a director or officer of the Corporation or, at the
request of the Corporation, in any other capacity for or on behalf of the Corporation (and the
Corporation, in the discretion of the Board of Directors, shall indemnify a person by reason of the
fact that he is or was an employee of the Corporation) against any liability or expense actually
and reasonably incurred by such person in respect thereof. Such indemnification is not exclusive of
any other right to indemnification provided by law or otherwise. The right to indemnification
conferred by this Article Ninth shall be deemed to be a contract between the Corporation and each
person referred to herein.

     (b) No amendment to repeal these provisions shall apply to or have any effect on the
liability or alleged liability of any person for, or with respect to, any acts or omissions of
such person occurring prior to such amendment.

     TENTH: A director of the Corporation shall under no circumstances have any personal liability
to the Corporation or its stockholders for monetary damages for breach of fiduciary duty as a
director; provided, however, that this provision shall not eliminate or limit the liability of a
director (i) for any breach of the director’s duty of loyalty to the Corporation or its
stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct
or a knowing violation of law, (iii) under Section 174 of the General Corporation Law of the State
of Delaware, or (iv) for any transaction from which the director derived an improper personal
benefit.

     ELEVENTH: The Board of Directors are hereby empowered to exercise all such powers and do all
such acts and things as may be exercised or done by the Corporation, subject, nevertheless, to the
provisions of the statutes of Delaware, this Certificate of Incorporation and the Bylaws of the
Corporation; provided, however, that no Bylaws hereafter adopted by the stockholders shall
invalidate any prior act of the directors which would have been valid if such by-laws had not been
adopted.

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     TWELFTH: The Corporation reserves the right at any time, and from time to time, to amend,
alter, change or repeal any provision contained in this Certificate of Incorporation and other
provisions authorized by the laws of the State of Delaware in force at the time may be added or
inserted, in the manner now or hereafter prescribed by law; and all rights, preferences and
privileges of whatsoever nature conferred upon the stockholders, directors or any other person
whomsoever by and pursuant to the Certificate of Incorporation in its present form or as hereafter
amended are granted subject to the rights reserved in this article.

     THIRTEENTH: Restrictions on Transfers.

     13.1 Definitions. As used in this Article Thirteenth, the following capitalized terms
have the following meanings when used herein with initial capital letters (and any references to
any portions of Treasury Regulation § 1.382-2T shall include any successor provisions):

     “5% Transaction” means any Transfer described in clause (a) or (b) of Section 13.2.

     “Agent” has the meaning set forth in Section 13.6.

     “Code” means the Internal Revenue Code of 1986, as amended.

     “Corporation Securities” means (i) shares of Common Stock, (ii) shares of Preferred
Stock (other than preferred stock described in Section 1504(a)(4) of the Code), (iii) warrants,
rights, or options (including options within the meaning of Treasury Regulation §
1.382-2T(h)(4)(v)) to purchase Securities of the Corporation, and (iv) any Stock.

     “Excess Securities” has the meaning given such term in Section 13.5.

     “Expiration Date” means the beginning of the taxable year of the Corporation to which
the Board of Directors determines that no Tax Benefits may be carried forward, unless the Board of
Directors shall fix an earlier date in accordance with Section 13.11.

     “Five-Percent Shareholder” means a Person or group of Persons that is a “5-percent
shareholder” of the Corporation pursuant to Treasury Regulation § 1.382-2T(g).

     “Percentage Stock Ownership” means the percentage Stock Ownership interest of any
Person or group (as the context may require) for purposes of section 382 of the Code as determined
in accordance with Treasury Regulation § 1.382-2T(g), (h), (j) and (k) or any successor provision.

     “Person” means any individual, firm, corporation or other legal entity, and includes
any successor (by merger or otherwise) of such entity.

     “Pre-existing 5% Stockholder” means (i) any Person that (A) has filed a Schedule 13D
or 13G with respect to the Corporation on or before May 4, 2005 or (B) on or before the thirtieth
day after the effectiveness of the Certificate of Incorporation, establishes to the satisfaction of
the Board of Directors that such person was a direct Five-Percent Shareholder or a “first tier
entity” of the Corporation within the meaning of Treasury Regulation § 1.382-2T(f)(9) on May 4,
2005

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and (ii) any “5-percent owner” or “higher tier entity” of any Person described in clause (i)
within the meaning of Treasury Regulation § 1.382-2T(f)(10) and 1.382-2T(f)(14).

     “Prohibited Distribution” has the meaning given such term in Section 13.6.

     “Prohibited Transfer” means any purported Transfer of Corporation Securities to the
extent that such Transfer is prohibited and/or void under this Article Thirteenth.

     “Public Group” has the meaning set forth in Treasury Regulation § 1.382-2T(f)(13).

     “Purported Transferee” has the meaning set forth in Section 13.5.

     “Securities” and “Security” each has the meaning set forth in Section 13.8.

     “Stock” means any interest that would be treated as “stock” of the Corporation
pursuant to Treasury Regulation § 1.382-2T(f)(18).

     “Stock Ownership” means any direct or indirect ownership of Stock, including any
ownership by virtue of application of constructive ownership rules, with such direct, indirect, and
constructive ownership determined under the provisions of Code § 382 and the regulations
thereunder.

     “Tax Benefit” means the net operating loss carryovers, capital loss carryovers,
general business credit carryovers, alternative minimum tax credit carryovers and foreign tax
credit carryovers, as well as any loss or deduction attributable to a “net unrealized built-in
loss” within the meaning of Section 382, of the Corporation or any direct or indirect subsidiary
thereof.

     “Transfer” means, any direct or indirect sale, transfer, assignment, conveyance,
pledge or other disposition or other action taken by a person, other than the Corporation, that
alters the Percentage Stock Ownership of any Person or group. A Transfer also shall include the
creation or grant of an option (including an option within the meaning of Treasury Regulation §
1.382-2T(h)(4)(v)). For the avoidance of doubt, a Transfer shall not include the creation or grant
of an option by the Corporation, nor shall a Transfer include the issuance of Stock by the
Corporation.

     13.2 Restrictions on Transfers. Any attempted Transfer of Corporation Securities
prior to the Expiration Date and any attempted Transfer of Corporation Securities pursuant to an
agreement entered into prior to the Expiration Date, shall be prohibited and void ab initio (a) if
the transferor is a Five-Percent Shareholder or (b) to the extent that, as a result of such
Transfer (or any series of Transfers of which such Transfer is a part), either (1) any Person or
group of Persons would become a Five-Percent Shareholder or (2) the Percentage Stock Ownership in
the Corporation of any Five-Percent Shareholder would be increased.

     13.3 Exceptions.

     (a) Notwithstanding anything to the contrary herein, if a Transfer by (but not to) a
Pre-existing 5% Stockholder otherwise would be prohibited by Section 13.2, such Transfer shall
not be prohibited under Section 13.2 if both of the following conditions are met: (i) such
Transfer does not increase the Percentage Stock Ownership of any Five-Percent Shareholder

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other than a Public Group (including a new Public Group created under Treasury Regulation §
1.382-2T(j)(3)(i)), and (ii) the Stock that is the subject of the Transfer was acquired by such
Pre-existing 5% Stockholder in exchange for shares of common stock of Aether Systems, Inc. that
were owned by such Pre-existing 5% Stockholder on May 4, 2005.

     (b) The restrictions set forth in Section 13.2 shall not apply to an attempted Transfer
that is a 5% Transaction if the transferor or the transferee obtains the prior written approval
of the Board of Directors or a duly authorized committee thereof. As a condition to granting its
approval pursuant to Section 13.3, the Board of Directors may, in its discretion, require (at
the expense of the transferor and/or transferee) an opinion of counsel selected by the Board of
Directors that the Transfer shall not result in the application of any section 382 limitation on
the use of the Tax Benefits. The Board of Directors may exercise the authority granted by this
Article Thirteenth through duly authorized officers or agents of the Corporation. Nothing in
this Section 13.3 shall be construed to limit or restrict the Board of Directors in the exercise
of its fiduciary duties under applicable law.

     13.4 Legend. Each certificate representing shares of Common Stock issued by the
Corporation shall conspicuously bear the following legend:

“THE CERTIFICATE OF INCORPORATION (THE “CERTIFICATE OF INCORPORATION”) OF THE CORPORATION
CONTAINS RESTRICTIONS PROHIBITING THE TRANSFER (AS DEFINED IN THE CORPORATION’S CERTIFICATE OF
INCORPORATION) OF ANY STOCK OF THE CORPORATION (INCLUDING THE CREATION OR GRANT OF CERTAIN
OPTIONS) WITHOUT THE PRIOR AUTHORIZATION OF THE BOARD OF DIRECTORS OF THE CORPORATION (THE
“BOARD OF DIRECTORS”) IF SUCH TRANSFER AFFECTS THE PERCENTAGE OF STOCK OF THE CORPORATION
(WITHIN THE MEANING OF SECTION 382 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE
“CODE”) AND THE TREASURY REGULATIONS PROMULGATED THEREUNDER), THAT IS TREATED AS OWNED BY A
FIVE PERCENT STOCKHOLDER UNDER THE CODE AND SUCH REGULATIONS. IF THE TRANSFER RESTRICTIONS ARE
VIOLATED, THEN THE TRANSFER WILL BE VOID AB INITIO AND THE PURPORTED TRANSFEREE OF THE STOCK
WILL BE REQUIRED TO TRANSFER EXCESS SECURITIES (AS DEFINED IN THE CERTIFICATE OF INCORPORATION)
TO THE CORPORATION’S AGENT. IN THE EVENT OF A TRANSFER WHICH DOES NOT INVOLVE SECURITIES OF THE
CORPORATION WITHIN THE MEANING OF DELAWARE LAW (“SECURITIES”) BUT WHICH WOULD VIOLATE THE
TRANSFER RESTRICTIONS, THE PURPORTED TRANSFEREE (OR THE RECORD OWNER) OF THE SECURITIES WILL BE
REQUIRED TO TRANSFER SUFFICIENT SECURITIES PURSUANT TO THE TERMS PROVIDED FOR IN THE
CORPORATION’S CERTIFICATE OF INCORPORATION TO CAUSE THE FIVE PERCENT STOCKHOLDER TO NO LONGER
BE IN VIOLATION OF THE TRANSFER RESTRICTIONS. THE CORPORATION WILL FURNISH WITHOUT CHARGE TO
THE HOLDER OF RECORD OF THIS CERTIFICATE A COPY OF THE CERTIFICATE OF INCORPORATION, CONTAINING
THE ABOVE-REFERENCED TRANSFER

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RESTRICTIONS, UPON WRITTEN REQUEST TO THE CORPORATION AT ITS PRINCIPAL PLACE OF BUSINESS.”

     13.5 Excess Securities.

     (a) No employee or agent of the Corporation shall record any Prohibited Transfer, and the
purported transferee of such a Prohibited Transfer (the “Purported Transferee”) shall not be
recognized as a stockholder of the Corporation for any purpose whatsoever in respect of the
Corporation Securities which are the subject of the Prohibited Transfer (the “Excess
Securities”). Until the Excess Securities are acquired by another person in a Transfer that is
not a Prohibited Transfer, the Purported Transferee shall not be entitled with respect to such
Excess Securities to any rights of stockholders of the Corporation, including, without
limitation, the right to vote such Excess Securities and to receive dividends or distributions,
whether liquidating or otherwise, in respect thereof, if any. After the Excess Securities have
been acquired in a Transfer that is not a Prohibited Transfer, the Corporation Securities shall
cease to be Excess Securities. For this purpose, any Transfer of Excess Securities not in
accordance with the provisions of this Section 13.5 or Section 13.6 shall also be a Prohibited
Transfer.

     (b) The Corporation may require as a condition to the registration of the Transfer of any
Corporation Securities or the payment of any distribution on any Corporation Securities that the
proposed Transferee or payee furnish to the Corporation all information reasonably requested by
the Corporation with respect to all the direct or indirect ownership interests in such
Corporation Securities. The Corporation may make such arrangements or issue such instructions to
its stock transfer agent as may be determined by the Board of Directors to be necessary or
advisable to implement this Article Thirteenth, including, without limitation, authorizing such
transfer agent to require an affidavit from a purported transferee regarding such Person’s
actual and constructive ownership of stock and other evidence that a Transfer will not be
prohibited by this Article Thirteenth as a condition to registering any transfer.

     13.6 Transfer to Agent. If the Board of Directors determines that a Transfer of
Corporation Securities constitutes a Prohibited Transfer then, upon written demand by the
Corporation sent within thirty days of the date on which the Board of Directors determines that the
attempted Transfer would result in Excess Securities, the Purported Transferee shall transfer or
cause to be transferred any certificate or other evidence of ownership of the Excess Securities
within the Purported Transferee’s possession or control, together with any dividends or other
distributions that were received by the Purported Transferee from the Corporation with respect to
the Excess Securities (“Prohibited Distributions”), to an agent designated by the Board of
Directors (the “Agent”). The Agent shall thereupon sell to a buyer or buyers, which may include the
Corporation, the Excess Securities transferred to it in one or more arm’s-length transactions (on
the public securities market on which such Excess Securities are traded, if possible, or otherwise
privately); provided, however, that the Agent shall effect such sale or sales in an orderly fashion
and shall not be required to effect any such sale within any specific time frame if, in the Agent’s
discretion, such sale or sales would disrupt the market for the Corporation Securities or otherwise
would adversely affect the value of the Corporation Securities. If the Purported Transferee has
resold the Excess Securities before receiving the Corporation’s demand

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to surrender Excess Securities to the Agent, the Purported Transferee shall be deemed to have
sold the Excess Securities for the Agent, and shall be required to transfer to the Agent any
Prohibited Distributions and proceeds of such sale, except to the extent that the Corporation
grants written permission to the Purported Transferee to retain a portion of such sales proceeds
not exceeding the amount that the Purported Transferee would have received from the Agent pursuant
to Section 13.7 if the Agent rather than the Purported Transferee had resold the Excess Securities.

     13.7 Application of Proceeds and Prohibited Distributions. The Agent shall apply any
proceeds of a sale by it of Excess Securities and, if the Purported Transferee has previously
resold the Excess Securities, any amounts received by it from a Purported Transferee, together, in
either case, with any Prohibited Distributions, as follows: (a) first, such amounts shall be paid
to the Agent to the extent necessary to cover its costs and expenses incurred in connection with
its duties hereunder; (b) second, any remaining amounts shall be paid to the Purported Transferee,
up to the amount paid by the Purported Transferee for the Excess Securities (or the fair market
value at the time of the Transfer, in the event the purported Transfer of the Excess Securities
was, in whole or in part, a gift, inheritance or similar Transfer) which amount shall be determined
at the discretion of the Board of Directors; and (c) third, any remaining amounts shall be paid to
one or more organizations qualifying under section 501(c)(3) of the Code (or any comparable
successor provision) selected by the Board of Directors. The Purported Transferee of Excess
Securities shall have no claim, cause of action or any other recourse whatsoever against any
transferor of Excess Securities. The Purported Transferee’s sole right with respect to such shares
shall be limited to the amount payable to the Purported Transferee pursuant to this Section 13.7.
In no event shall the proceeds of any sale of Excess Securities pursuant to this Section 13.7 inure
to the benefit of the Corporation.

     13.8. Modification of Remedies for Certain Indirect Transfers. In the event of any
Transfer which does not involve a transfer of securities of the Corporation within the meaning of
Delaware Law (“Securities,” and individually, a “Security”) but which would cause a Five-Percent
Shareholder to violate a restriction on Transfers provided for in this Article Thirteenth, the
application of Section 13.6 and Section 13.7 shall be modified as described in this Section 13.8.
In such case, no such Five-Percent Shareholder shall be required to dispose of any interest that is
not a Security, but such Five-Percent Shareholder and/or any Person whose ownership of Securities
is attributed to such Five-Percent Shareholder shall be deemed to have disposed of and shall be
required to dispose of sufficient Securities (which Securities shall be disposed of in the inverse
order in which the were acquired) to cause such Five-Percent Shareholder, following such
disposition, not to be in violation of this Article Thirteenth. Such disposition shall be deemed to
occur simultaneously with the Transfer giving rise to the application of this provision, and such
number of Securities that are deemed to be disposed of shall be considered Excess Securities and
shall be disposed of through the Agent as provided in Sections 13.6 and 13.7, except that the
maximum aggregate amount payable either to such Five-Percent Shareholder or to such other Person
that was the direct holder of such Excess Securities, in connection with such sale shall be the
fair market value of such Excess Securities at the time of the purported Transfer. All expenses
incurred by the Agent in disposing of such Excess Stock shall be paid out of any amounts due such
Five-Percent Shareholder or such other Person. The purpose of this Section 13.8 is to extend the
restrictions in Sections 13.2 and 13.6 to situations in which there is a 5% Transaction without a
direct Transfer of Securities, and this Section 13.8, along with the other

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provisions of this Article Thirteenth, shall be interpreted to produce the same results, with
differences as the context requires, as a direct Transfer of Corporation Securities.

     13.9 Legal Proceedings. If the Purported Transferee fails to surrender the Excess
Securities or the proceeds of a sale thereof to the Agent within thirty days from the date on which
the Corporation makes a written demand pursuant to Section 13.6 (whether or not made within the
time specified in Section 13.6), then the Corporation shall use its best efforts to enforce the
provisions hereof, including the institution of legal proceedings to compel the surrender. Nothing
in this Section 13.9 shall (a) be deemed inconsistent with any Transfer of the Excess Securities
provided in this Article Thirteenth being void ab initio, (b) preclude the Corporation in its
discretion from immediately bringing legal proceedings without a prior demand or (c) cause any
failure of the Corporation to act within the time periods set forth in Section 13.6 to constitute a
waiver or loss of any right of the Corporation under this Article Thirteenth.

     13.10 Damages. Any stockholder subject to the provisions of this Article Thirteenth
who knowingly violates the provisions of this Article Thirteenth and any Persons controlling,
controlled by or under common control with such stockholder shall be jointly and severally liable
to the Corporation for, and shall indemnify and hold the Corporation harmless against, any and all
damages suffered as a result of such violation, including but not limited to damages resulting from
a reduction in, or elimination of, the Corporation’s ability to utilize its Tax Benefits, and
attorneys’ and auditors’ fees incurred in connection with such violation.

     13.11 Board Authority.

     (a) The Board of Directors of the Corporation shall have the power to determine all matters
necessary for assessing compliance with this Article Thirteenth, including, without limitation,
(i) the identification of Five-Percent Shareholders, (ii) whether a Transfer is a 5% Transaction
or a Prohibited Transfer, (iii) the Percentage Stock Ownership in the Corporation of any
Five-Percent Shareholder, (iv) whether an instrument constitutes a Corporation Security, (v) the
amount (or fair market value) due to a Purported Transferee pursuant to Section 13.7, and (vi)
any other matters which the Board of Directors determines to be relevant; and the good faith
determination of the Board of Directors on such matters shall be conclusive and binding for all
the purposes of this Article Thirteenth. In addition, the Board of Directors may, to the extent
permitted by law, from time to time establish, modify, amend or rescind by-laws, regulations and
procedures of the Corporation not inconsistent with the provisions of this Article Thirteenth
for purposes of determining whether any Transfer of Corporation Securities would jeopardize the
Corporation’s ability to preserve and use the Tax Benefits and for the orderly application,
administration and implementation of this Article Thirteenth. The Board of Directors may
delegate all or any portion of its duties and powers under this Article Thirteenth to a
committee of the Board of Directors as it deems necessary or advisable.

     (b) Nothing contained in this Article Thirteenth shall limit the authority of the Board of
Directors to take such other action to the extent permitted by law as it deems necessary or
advisable to protect the Corporation and its stockholders in preserving the Tax Benefits.
Without limiting the generality of the foregoing, in the event of a change in law making one or
more of the following actions necessary or desirable, the Board of Directors

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may, by adopting a written resolution, (i) accelerate or extend the Expiration Date, (ii)
modify the ownership interest percentage in the Corporation or the Persons or groups covered by
this Article Thirteenth, (iii) modify the definitions of any terms set forth in this Article
Thirteenth or (iv) modify the terms of this Article Thirteenth as appropriate to prevent an
ownership change for purposes of section 382 of the Code as a result of any changes in
applicable Treasury Regulations or otherwise; provided, however, that the Board of Directors
shall not cause there to be such acceleration, extension, change or modification unless it
concludes in writing that such action is reasonably necessary or advisable to preserve the Tax
Benefits or that the continuation of these restrictions is no longer reasonably necessary for
the preservation of the Tax Benefits, and its conclusion is based upon a written opinion of tax
counsel to the Corporation. Such written conclusion of the Board of Directors shall be filed
with the Secretary of the Corporation and shall be mailed by the Secretary to all stockholders
of the Corporation within 10 days after the date of such conclusion.

     13.12 Reliance. The Corporation and the members of the Board of Directors shall be
fully protected in relying in good faith upon the information, opinions, reports or statements of
the chief executive officer, the chief financial officer or the chief accounting officer of the
Corporation or of the Corporation’s legal counsel, independent auditors, transfer agent, investment
bankers or other employees and agents in making the determinations and findings contemplated by
this Article Thirteenth, and the members of the Board of Directors shall not be responsible for any
good faith errors made in connection therewith. For purposes of determining the existence and
identity of, and the amount of any Corporation Securities owned by any stockholder, the Corporation
is entitled to rely conclusively on (a) the existence and absence of filings of Schedule 13D or 13G
under the Securities and Exchange Act of 1934, as amended (or similar schedules), as of any date
and (b) its actual knowledge of the ownership of Corporation Securities.

     13.13. General Authorization. The purpose of this Article Thirteenth is to
facilitate the Corporation’s ability to maintain or preserve its Tax Benefits. If any provision of
this Article Thirteenth or any application of any provision thereunder is determined to be invalid,
the validity of the remaining provisions shall be unaffected and application of such provision
shall be affected only to the extent necessary to comply with such determination.

     FOURTEENTH: The name and address of the sole incorporator is as follows: Donna M.
McClurkin-Fletcher, c/o Kirkland & Ellis LLP, 655 15th Street, N.W., Suite 1200, Washington, D.C.
20005.

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     I, the undersigned, being the sole incorporator hereinbefore named, for the purpose of forming
a corporation in pursuance of the General Corporation Law of the State of Delaware, do make and
file this certificate, hereby declaring and certifying that the facts herein stated are true, and
accordingly, have hereunto set my hand this 4th day of May, 2005.

	 	 	 
	 

	 	 
	 

	 	Donna M. McClurkin-Fletcher, Sole Incorporator

11exv4w2

 

Exhibit 4.2

BY-LAWS OF

AETHER HOLDINGS, INC.

(a Delaware Corporation)

ARTICLE I

OFFICES

     The Corporation shall maintain a registered office in the State of Delaware as required by the
General Corporation Law of the State of Delaware as the same exists or may hereafter be amended
(“DGCL”). The Corporation may also have offices at other places, within or without the State of
Delaware, as the business of the Corporation may require.

ARTICLE II

STOCKHOLDERS

     1. Place of Meetings. Meetings of the stockholders shall be held at such place, within or
without the State of Delaware, as the Board of Directors designates. If no designation is made by
the Board of Directors, the place of meeting shall be the principal office of the Corporation.

     2. Annual Meeting. The annual meeting of the stockholders of the Corporation shall be held
at such date, place and/or time as may be fixed by resolution of the Board of Directors.

     3. Special Meetings. A special meeting of the stockholders of the corporation may be called
only by the President, the Chairman of the Board or by the Board of Directors pursuant to a
resolution adopted by a majority of the total number of directors which the Corporation would have
if there were no vacancies (the “Whole Board”), or at the request in writing of stockholders owning
at least fifty percent (50%) in amount of the entire capital stock of the corporation issued and
outstanding and entitled to vote generally in the election of directors. No notice of a special
meeting need be given to stockholders if each stockholder entitled to vote at such meeting waives
notice thereof in writing; however, notice of such meeting must be provided to the Board of
Directors notwithstanding any waiver by the stockholders.

     4. Notice or Waiver of Notice. Written or printed notice, stating the place, day and hour of
the meeting and the purposes for which the meeting is called, shall be prepared and delivered by
the Corporation not less than ten days nor more than sixty days before the date of the meeting,
either personally, or by mail, to each stockholder of record entitled to vote at such meeting. 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 his address as it appears on the stock
transfer books of the Corporation. Such further notice shall be given as may be required by law.
Meetings may be held without notice if all stockholders entitled to vote are present (except as
otherwise provided by law), or if notice is waived by those not present. Any previously scheduled
meeting of the stockholders may be postponed and (unless the Certificate of Incorporation otherwise
provides) any special meeting of the stockholders may be canceled, by resolution of the Board of
Directors upon public notice given prior to the time previously scheduled for such meeting of
stockholders.

 

 

     5. Stockholder List. After the record date for a meeting of stockholders has been fixed, at
least ten days before such meeting, the officer or other agent of the Corporation who has charge of
the stock ledger of the Corporation shall make a list of all stockholders entitled to vote at the
meeting, arranged in alphabetical order and showing the address of each stockholder and the number
of shares registered in the name of each stockholder. Such list shall be open to the examination
of any stockholder for any purpose germane to the meeting, during ordinary business hours, for a
period of at least ten days prior to the meeting, either at a place in the city where the meeting
is to be held, which place is to be specified in the notice of the meeting, or at the place where
the meeting is to be held. Such list shall also, for the duration of the meeting, be produced and
kept open to the examination of any stockholder who is present at the time and place of the
meeting.

     6. Presiding Officer of Meetings. The Chairman of the Board of Directors, if any, or in the
absence of the Chairman of the Board, the President, shall preside at all meetings of the
stockholders. In the absence of the Chairman of the Board and the President, the presiding officer
shall be elected by vote of the holders of a majority of the shares of capital stock entitled to be
voted whose holders are present in person or represented by proxy at the meeting.

     7. Secretary of Meetings. The Secretary of the Corporation shall act as secretary of all
meetings of the stockholders. In the absence of the Secretary, the presiding officer of the
meeting shall appoint any other person to act as secretary of the meeting.

     8. Inspectors. The directors, in advance of any meeting, may, but need not, appoint one or
more inspectors of election to act at the meeting or any adjournment thereof. If an inspector or
inspectors are not appointed, the person presiding at the meeting may, but need not, appoint one or
more inspectors. In case any person who may be appointed as an inspector fails to appear or act,
the vacancy may be filled by appointment made by the directors in advance of the meeting or at the
meeting by the person presiding thereat. Such appointments shall be made in accordance with and
each inspector shall have the duties prescribed by Section 231 of the DGCL.

     9. Quorum and Adjournment. Except as otherwise provided
by law or by the Certificate of Incorporation, the
holders of a majority of the voting power of the
outstanding shares of the Corporation entitled to
vote generally in the election of directors (the
“Voting Stock”), represented in person or by proxy,
shall constitute a quorum at a meeting of
stockholders, except that when specified business is
to be voted on by a class or series voting separately
as a class or series, the holders of a majority of
the voting power of the shares of such class or
series shall constitute a quorum for the transaction
of such business. The chairman of the meeting or a
majority of the shares of Voting Stock so represented
may adjourn the meeting from time to time, whether or
not there is such a quorum (or,
in the case of specified business to be voted on by a
class or series, the chairman or a majority of the
 shares of such class or series so represented may
adjourn the meeting with respect to such specified
business). No notice of the time and place of
adjourned meetings need be given except as required
by law. The stockholders present at a duly organized
meeting may continue to transact business until
adjournment, notwithstanding the withdrawal of enough
stockholders to leave less than a quorum. At any
adjourned meeting at which a quorum is present any
business may be transacted which might have been
transacted at the original meeting.

 

 

     10. Voting and Proxies. Unless otherwise provided in the DGCL or in the Certificate of
Incorporation, and subject to the other provisions of these Bylaws, each stockholder shall be
entitled to one vote on each matter for each share of the Corporation’s capital stock that has
voting power and that is held by such stockholder. At all meetings of stockholders, a stockholder
may vote by proxy executed in writing by the stockholder or as may be permitted by law, or by his
duly authorized attorney-in-fact. Such proxy must be filed with the Secretary of the Corporation
or his representative at or before the time of the meeting. No proxy shall be voted or acted upon
after three years from its date, unless the proxy provides for a longer period. A duly executed
appointment of proxy shall be irrevocable if the appointment form states that it is irrevocable and
if, and only as long as, it is coupled with an interest sufficient in law to support an irrevocable
power. Persons holding stock in a fiduciary capacity shall be entitled to vote the shares so held.
Persons whose stock is pledged shall be entitled to vote such stock unless the pledgor in a
transfer on the books of the corporation has expressly empowered the pledgee to vote the pledged
shares, in which case only the pledgee or his or her proxy shall be entitled to vote.

     11. Required Vote. Election of directors at all meetings of the stockholders at which
directors are to be elected shall be by written ballot. Except as otherwise set forth in the
Certificate of Incorporation with respect to the right of the holders of any series of Preferred
Stock or any other series or class of stock to elect additional directors under specified
circumstances, directors shall be elected by a plurality of the votes of the shares present in
person or represented by proxy at the meeting and entitled to vote on the election of directors.
Except as otherwise provided by law, the Certificate of Incorporation or these Bylaws, all matters
other than the election of directors submitted to the stockholders at any meeting shall be decided
by the affirmative vote of a majority of the voting power of the outstanding Voting Stock present
in person or represented by proxy at the meeting and entitled to vote thereon.

     12. Notice of Stockholder Business.

(a) Annual Meeting of Stockholders.

               (i) Nominations of persons for election to the Board of Directors of the Corporation
and the proposal of any other business to be considered at an annual meeting of the
stockholders may be made only (a) by or at the direction of the Board of Directors, or (b)
by any stockholder of record of the Corporation who gives notice in accordance with the
procedures set forth in clauses (2) and (3) of this paragraph 2.12(a) of this Bylaw, and who
is a stockholder of record both on the date of giving such notice and on the record date for
determination of stockholders entitled to vote at such annual meeting.

               (ii) For nominations or other business to be properly brought before an annual meeting
by a stockholder pursuant to clause (b) of paragraph 2.12(a)(1) of this Bylaw, the
stockholder must have given timely notice thereof in writing to the Secretary of the
Corporation and such other business must otherwise be a proper matter for stockholder
action. To be timely, a stockholder’s notice shall be delivered to the Secretary at the
principal executive offices of the Corporation not less than forty-five days nor more than
ninety days prior to the first anniversary of the proxy statement for

3

 

the preceding year’s annual meeting; provided, however, that in the event that the date
of the annual meeting is advanced by more than twenty days, or delayed by more than seventy
days, from such anniversary date, notice by the stockholder to be timely must be so
delivered not earlier than the ninetieth day prior to such annual meeting and not later than
the close of business on the later of the forty-fifth day prior to such annual meeting or
the tenth day following the day on which public announcement of the date of such meeting is
first made. Such stockholder’s notice shall set forth (a) as to each person whom the
stockholder proposes to nominate for election or reelection as a director all information
relating to such person that is required to be disclosed in solicitations of proxies for
election of directors in an election contest, or is otherwise required, in each case
pursuant to Regulation 14A under the Securities Exchange Act of 1934, as amended (the
“Exchange Act”) and Rule 14a-11 thereunder, including such person’s written consent
to being named in the proxy statement as a nominee and to serving as a director if elected;
(b) as to any other business that the stockholder proposes to bring before the meeting, a
brief description of the business desired to be brought before the meeting, the reasons for
conducting such business at the meeting and any material interest in such business of such
stockholder and the beneficial owner, if any, on whose behalf the proposal is made; and (c)
as to the stockholder giving the notice and the beneficial owner, if any, on whose behalf
the nomination or proposal is made (i) the name and address of such stockholder, as they
appear on the Corporation’s books, and of such beneficial owner and (ii) the class and
number of shares of the Corporation which are owned beneficially and of record by such
stockholder and such beneficial owner. In no event shall the public announcement of an
adjournment of an annual meeting commence a new time period for the giving of a
stockholder’s notice as described above.

               (iii) Notwithstanding anything in the second sentence of paragraph 2.12(a)(2) of this
Bylaw to the contrary, in the event that the number of directors to be elected to the Board
of Directors of the Corporation is increased and there is no public announcement naming all
of the nominees for director or specifying the size of the increased Board of Directors made
by the Corporation at least forty-five days prior to the first anniversary of the preceding
year’s annual meeting, a stockholder’s notice required by this Bylaw shall also be
considered timely, but only with respect to nominees for any new positions created by such
increase, if it shall be delivered to the Secretary at the principal executive offices of
the Corporation not later than the close of business on the tenth day following the day on
which such public announcement is first made by the Corporation.

               (b) Special Meetings of Stockholders. Only such business shall be conducted at a special
meeting of stockholders as shall have been brought before the meeting pursuant to the Corporation’s
notice of meeting pursuant to Section 2.04 of these Bylaws. Nominations of persons for election to
the Board of Directors may be made at a special meeting of stockholders at which directors are to
be elected pursuant to the Corporation’s notice of meeting (a) by or at the direction of the Board
of Directors or (b) by any stockholder of the Corporation who is entitled to vote at the meeting,
who complies with the notice procedures set forth in this Bylaw and who is a stockholder of record
at the time such notice is delivered to the Secretary of the Corporation. In the event the
Corporation calls a special meeting of stockholders for the purpose

4

 

of electing one or more directors to the Board of Directors, any such stockholder may nominate
a person or persons (as the case may be), for election to such position(s) as are specified in the
Corporation’s Notice of Meeting, if the stockholder’s notice as required by paragraph 2.12(a)(2) of
this Bylaw shall be delivered to the Secretary at the principal executive offices of the
Corporation not earlier than the ninetieth day prior to such special meeting and not later than the
close of business on the later of the seventieth day prior to such special meeting or the tenth day
following the day on which public announcement is first made of the date of the special meeting and
of the nominees proposed by the Board of Directors to be elected at such meeting. In no event
shall the public announcement of an adjournment of a special meeting commence a new time period for
the giving of a stockholder’s notice as described above.

(c) General.

               (i) Only persons who are nominated in accordance with the procedures set forth in this
Bylaw shall be eligible to serve as directors and only such business shall be conducted at a
meeting of stockholders as shall have been brought before the meeting in accordance with the
procedures set forth in this Bylaw. Except as otherwise provided by law, the Certificate of
Incorporation or these Bylaws, the chairman of the meeting shall have the power and duty to
determine whether a nomination or any business proposed to be brought before the meeting was
made in accordance with the procedures set forth in this Bylaw and, if any proposed
nomination or business is not in compliance with this Bylaw, to declare that such defective
proposal or nomination shall be disregarded.

               (ii) For purposes of this Bylaw, “public announcement” shall mean disclosure in a press
release reported by the Dow Jones News Service, Associated Press or comparable national news
service or in a document publicly filed by the Corporation with the Securities and Exchange
Commission pursuant to Section 13, 14 or 15(d) of the Exchange Act (or their successor
provisions), or in a notice of meeting or proxy statement mailed generally to the
Corporation’s stockholders.

               (iii) Notwithstanding the foregoing provisions of this Bylaw, a stockholder shall also
comply with all applicable requirements of state law and of the Exchange Act and the rules
and regulations thereunder with respect to the matters set forth in this Bylaw. Nothing in
this Bylaw shall be deemed to affect any rights of stockholders to request inclusion of
proposals in the Corporation’s proxy statement pursuant to Rule 14a-8 (or its successor
provision) under the Exchange Act.

ARTICLE III

DIRECTORS

     1. General Powers. The business and affairs of the Corporation shall be managed by or under
the direction of its Board of Directors. In addition to the powers and authorities by these Bylaws
expressly conferred upon them, the Board of Directors may exercise all such powers of the
Corporation and do all such lawful acts and things as are not by law, by the Certificate of
Incorporation or by these Bylaws required to be exercised or done by the stockholders. Except as
otherwise provided in the Certificate of Incorporation, each director of

5

 

the Corporation shall be entitled to one vote per director on all matters voted or acted upon
by the Board of Directors.

     2. Qualifications and Number. A director need not be a stockholder, a citizen of the United
States or a resident of the State of Delaware. The number of directors constituting the whole
Board shall initially be two and shall thereafter be such a number as the Board of Directors by
resolution determines.

     3. Election and Term. Directors who are elected at an annual meeting of stockholders shall
hold office until their successors are elected and qualified or until their earlier resignation or
removal. Except as the DGCL may otherwise require, any vacancy on the Board of Directors may be
filled by the vote of a majority of the remaining directors then in office, although less than a
quorum, or by the sole remaining director. Any director elected pursuant to the immediately
preceding sentence shall hold office until the next election of the class for which such director
shall have been chosen, and until his successor shall be elected and qualified. Any director may
resign at any time upon written notice to the Corporation.

     4. Place of Meetings. Any meeting of the Board of Directors may be held either within or
without the State of Delaware.

     5. Regular Meetings. A regular meeting of the Board of Directors shall be held without notice
other than this Bylaw immediately after, and at the same place as, each annual meeting of
stockholders. The Board of Directors may, by resolution, provide the time and place for the
holding of additional regular meetings without notice other than such resolution.

     6. Special Meetings. Special meetings of the Board of Directors shall be called at the
request of the Chairman of the Board, the President or a majority of the Board of Directors. The
person or persons authorized to call special meetings of the Board of Directors may fix the place
and time of the meetings.

     7. Notice. Notice of any special meeting shall be given to each director at his business or
residence in writing or by facsimile or by telephone communication. If mailed, such notice shall
be deemed adequately delivered when deposited in the United States mails so addressed, with postage
thereon prepaid, at least five days before such meeting. If by facsimile transmission, such notice
shall be transmitted at least twenty-four hours before such meeting. If by telephone, the notice
shall be given at least twelve hours prior to the time set for the meeting. Neither the business
to be transacted at, nor the purpose of, any regular or special meeting of the Board of Directors
need be specified in the notice of such meeting, except for amendments to these Bylaws as provided
under Article X hereof. A meeting may be held at any time without notice if all the directors are
present (except as otherwise provided by law) or if those not present waive notice of the meeting
in writing, either before or after such meeting.

     8. Organization. The Chairman of the Board, if any, or in the absence of the Chairman of the
Board, the President, shall preside over meetings of the Board of Directors. In the absence of the
Chairman of the Board and the President, a presiding officer shall be chosen by a majority of the
directors present. The Secretary of the Corporation shall act as secretary of

6

 

the meeting. In his or her absence the presiding officer shall appoint another person to act
as secretary of the meeting.

     9. Quorum. A whole number of directors equal to at least a majority of the Whole Board shall
constitute a quorum for the transaction of business, but if at any meeting of the Board of
Directors there shall be less than a quorum present, a majority of the directors present may
adjourn the meeting from time to time without further notice. The act of the majority of the
directors present at a meeting at which a quorum is present shall be the act of the Board of
Directors.

     10. Vote.

               (a) The act of a majority of the directors present at any meeting at which there is a quorum
shall be the act of the Board of Directors, except as may be otherwise specifically provided by
law, by the Certificate of Incorporation or by these Bylaws.

               (b) Notwithstanding any provision in these Bylaws to the contrary, the affirmative vote of at
least two-thirds of the Board of Directors shall be required to authorize the taking of any of the
following actions on the part of the Corporation:

               (i) engaging in or committing to engage in the disposition by the Corporation or any
subsidiary thereof of all or substantially all the assets of the Corporation or any
subsidiary thereof, merging or consolidating the Corporation or any subsidiary thereof with
and/or into another entity, or selling all or substantially all of the assets of the
Corporation or any subsidiary thereof as an entirety; and

               (ii) acquiring, directly or indirectly, any substantial and material interest or
participation in any other business venture.

     11. Informal Action of Directors. Unless otherwise restricted by the Certificate of
Incorporation or these Bylaws, any action required or permitted to be taken at any meeting of the
Board of Directors, or of any committee thereof, may be taken without a meeting if all members of
the Board of Directors or committee, as the case may be, consent thereto in writing, and the
writing or writings are filed with the minutes of proceedings of the Board of Directors or
committee.

     12. Conference Call Meeting. Members of the Board of Directors, or any committee thereof, may
participate in a meeting of the Board of Directors or such committee by means of conference
telephone or similar communications equipment by means of which all persons participating in the
meeting can hear each other, and such participation in a meeting shall constitute presence in
person at such meeting.

ARTICLE IV

COMMITTEES

     1. Committees of the Board. The Board of Directors may designate one or more committees, each
committee to consist of one or more of the directors of the Corporation. The

7

 

Board of Directors may designate one or more directors as alternate members of any committee,
who may replace any absent or disqualified member at any meeting of the committee. In the absence
or disqualification of a member of the committee, the member or members thereof present at any
meeting and not disqualified from voting, whether or not he or they constitute a quorum, may
unanimously appoint another member of the Board of Directors to act at the meeting in place of any
such absent or disqualified member. Any such committee, to the extent permitted by law and to the
extent provided in the resolution of the Board of Directors, shall have and may exercise all the
powers and authority of the Board of Directors in the management of the business and affairs of the
corporation, and may authorize the seal of the Corporation to be affixed to all papers which may
require it; provided, however, that no such committee shall have the power or authority (i) to
approve or adopt, or recommend to the stockholders, any action or matter (x) expressly required by
the DGCL to be submitted to stockholders for approval or (y) set forth in Section 3.09(b) or (ii)
to adopt, amend or repeal any Bylaw of the Corporation; and unless the resolution designating the
committee, these Bylaws or the Certificate of Incorporation expressly so provides, no such
committee shall have the power or authority to declare a dividend, to authorize the issuance of
stock or to adopt a certificate of ownership and merger pursuant to Section 253 of the DGCL. Such
committee or committees shall have such name or names as may be determined from time to time by
resolution adopted by the Board.

     2. Procedures; Minutes of Meetings. Unless the Board of Directors otherwise provides, each
committee designated by the Board of Directors may make, alter and repeal rules for the conduct of
its business. Each committee shall keep regular minutes of its meetings and report the same to the
Board, when required. Unless otherwise specified in the Board resolution appointing the Committee,
all provisions of the DGCL and these Bylaws relating to meetings, action without meetings, notice
(and waiver thereof) and quorum and voting requirements of the Board apply, as well, to such
committees and their members.

ARTICLE V

OFFICERS

     1. General. The elected officers of the Corporation shall be a Chairman of the Board, a
President, a Secretary, a Treasurer, and such other officers as the Board of Directors from time to
time may deem proper, including without limitation one or more Vice Presidents, Assistant
Secretaries or Assistant Treasurers. The Chairman of the Board shall be chosen from the directors.
All officers chosen by the Board of Directors shall each have such powers and duties as generally
pertain to their respective offices, subject to the specific provisions of this Article IV. Such
officers shall also have powers and duties as from time to time may be conferred by the Board of
Directors or by any committee thereof. Any number of offices may be held by the same person.

     2. Election and Term of Office. The elected officers of the Corporation shall be elected
annually by the Board of Directors at the regular meeting of the Board of Directors held after each
annual meeting of the stockholders. If the election of officers shall not be held at such meeting,
such election shall be held as soon thereafter as convenient. Subject to Section 5.04 of these
Bylaws, each officer shall hold office until his successor shall have been duly elected and shall
have qualified or until his death or until he shall resign. Election or appointment of an officer
or agent shall not of itself create contract rights.

8

 

     3. Subordinate Officers. The Board of Directors may appoint, or empower the chief executive
officer or the president to appoint, such other officers and agents as the business of the
Corporation may require, each of whom shall hold office for such period, have such authority, and
perform such duties as are provided in these Bylaws or as the Board of Directors may from time to
time determine.

     4. Removal and Resignation of Officers; Vacancy. Subject to the rights, if any, of an officer
under any contract of employment, any officer may be removed, either with or without cause, at any
time by an affirmative vote of the majority of the Board of Directors at any regular or special
meeting of the Board of Directors or, except in the case of an officer chosen by the Board of
Directors, by any officer upon whom such power of removal may be conferred by the Board of
Directors. No elected officer shall have any contractual rights against the Corporation for
compensation by virtue of such election beyond the date of the election of his successor, his
death, his resignation or his removal, whichever event shall first occur, except as otherwise
provided in an employment contract or an employee plan.

     Any director or any officer, whether elected or appointed, may resign at any time by serving
written notice of such resignation on the Chairman of the Board, the President or the Secretary,
and such resignation shall be deemed to be effective as of the close of business on the date said
notice is received by the Chairman of the Board, the President, or the Secretary or at such later
date as is stated therein. No formal action shall be required of the Board of Directors or the
stockholders to make any such resignation effective.

     5. Vacancy. A newly created office and a vacancy in any office because of death, resignation,
or removal may be filled by the Board of Directors for the unexpired portion of the term at any
meeting of the Board of Directors.

     6. Chief Executive Officer. The President shall be the Chief Executive Officer of the
Corporation unless the Board of Directors designates the Chairman of the Board as Chief Executive
Officer. Subject to the control of the Board of Directors, the Chief Executive Officer shall have
general executive charge, management and control of the properties, business and operations of the
Corporation with all such powers as may be reasonably incident to such responsibilities; may agree
upon and execute all leases, contracts, evidences of indebtedness and other obligations in the name
of the Corporation; and shall have such other powers and duties as designated in accordance with
these Bylaws and as from time to time are assigned by the Board of Directors.

     7. Power to Vote Stock. Unless otherwise ordered by the Board of Directors, the Chief
Executive Officer of the Corporation shall have full power and authority on behalf of the
Corporation to attend and to vote at any meeting of stockholders or partners of any corporation or
any partnership in which the Corporation may hold stock or partnership interests, as the case may
be, and may exercise on behalf of the Corporation any and all of the rights and powers incident to
the ownership of such stock or partnership interests at any such meeting, and shall have power and
authority to execute and deliver proxies, waivers and consents on behalf of the Corporation in
connection with the exercise by the Corporation of the rights and powers incident to the ownership
of such stock or partnership interests. The Board of Directors may from time to time confer like
powers upon any other person or persons.

9

 

     8. Chairman of the Board. If elected, the Chairman of the Board shall preside at all meetings
of the stockholders and of the Board of Directors; and he or she shall have such other powers and
as duties designated in these Bylaws and as from time to time may be assigned by the Board of
Directors.

     9. President. Unless the President is not the Chief Executive Officer and the Board shall
have vested such authority exclusively in the Chief Executive Officer, the President shall have the
authority to agree upon and execute all leases, contracts, evidences of indebtedness, and other
obligations in the name of the Corporation; unless the Board of Directors otherwise determines, he
or she shall, in the absence of the Chairman of the Board or if there be no Chairman of the Board,
preside at all meetings of the stockholders and (should he or she be a director) of the Board of
Directors; may sign all certificates for shares of capital stock of the Corporation; and shall have
such other powers and duties as designated in accordance with these Bylaws and as from time to time
may be assigned by the Board of Directors.

     10. Vice Presidents. In the absence of the Chairman of the Board or Chief Executive Officer,
if any, or President, or in the event of their inability or refusal to act, a Vice President
designated by the Board of Directors shall perform the duties of the Chairman of the Board or Chief
Executive Officer, if any, or the President, as the case may be, and when so acting shall have all
the powers of and be subject to all the restrictions upon the Chairman of the Board or Chief
Executive Officer, if any, or President. In the absence of a designation by the Board of Directors
of a Vice President to perform the duties of the Chairman of the Board or Chief Executive Officer,
if any, or President, the Vice President who is senior in terms of the time as a Vice President of
the Corporation shall so act. The Vice Presidents may sign all certificates for shares of capital
stock of the Corporation and shall perform such other duties and have such other powers as the
Board of Directors may from time to time prescribe.

     11. Treasurer. The Treasurer shall have custody of all the funds and securities of the
Corporation which come into his or her hands. When necessary or proper, he or she may endorse, on
behalf of the Corporation, for collection checks, notes and other obligations and shall deposit the
same to the credit of the Corporation in such bank or banks or depositories as shall be designated
in the manner prescribed by the Board of Directors, and he or she may sign all receipts and
vouchers for payments made to the Corporation, either alone or jointly with such other officer as
is designated by the Board of Directors. Whenever required by the Board of Directors, the
Treasurer shall render a statement of his or her cash account. The Treasurer shall enter or cause
to be entered regularly in the books of the Corporation to be kept by him or her for that purpose
full and accurate accounts of all moneys received and paid out on account of the Corporation; shall
perform all acts incident to the position of Treasurer subject to the control of the Board of
Directors; may sign with the President or a Vice-President all certificates for shares of the
capital stock of the Corporation; and shall, if required by the Board of Directors, give such bond
for the faithful discharge of his or her duties in such form as the Board of Directors may require.

     12. Assistant Treasurers. Each Assistant Treasurer shall have the usual powers and duties
pertaining to his or her office, together with such other powers and duties as may be assigned to
him or her by the Board of Directors.

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     13. Secretary. The Secretary shall keep the minutes of all meetings of the Board of Directors
and the minutes of all meetings of the stockholders in books provided for that purpose; shall
attend to the giving and serving of all notices; may in the name of the Corporation attest to all
contracts of the Corporation and affix the seal of the Corporation thereto; may sign with the
President or a Vice-President all certificates for shares of the capital stock of the Corporation;
shall have charge of the certificate books, transfer books and stock ledgers, and such other books
and papers as the Board of Directors may direct, all of which shall at all reasonable times be open
to inspection of any director upon application at the office of the Corporation during business
hours; and shall in general perform all duties incident to the office of Secretary, subject to the
control of the Board of Directors.

     14. Assistant Secretary. Each Assistant Secretary shall have the usual powers and duties
pertaining to his or her office, together with such other powers and duties as may be assigned to
him or her by the Board of Directors or the Secretary.

     15. Compensation. The Board of Directors shall have the authority to establish reasonable
compensation of all officers for services to the Corporation.

ARTICLE VI

CAPITAL STOCK

     1. Certificates of Stock. Certificates for shares of capital stock of the Corporation shall
be in such form as the Board of Directors may from time to time prescribe and shall be signed by
the President or a Vice-President and by the Secretary or an Assistant Secretary or the Treasurer
or an Assistant Treasurer. Any or each of the signatures on a stock certificate, including that of
any transfer agent or registrar, may be a facsimile. If any officer, transfer agent or registrar
who has signed or whose facsimile signature has been placed upon a certificate has ceased to be
such officer, transfer agent or registrar before the certificate is issued, the certificate may be
issued by the Corporation with the same effect as if the officer, transfer agent or registrar were
the officer, transfer agent or registrar at the date of issuance.

     2. Transfer of Stock. Subject to Article Thirteenth of the Certificate of Incorporation of
the Corporation and any other restrictions on transfer adopted pursuant thereto or hereto, shares
of stock of the Corporation shall be transferable on the books of the Corporation only by the
holder of record thereof, in person or by duly authorized attorney, upon surrender and cancellation
of a certificate or certificates for a like number of shares, with an assignment or power of
transfer endorsed thereon or delivered therewith, duly executed, and with such proof of the
authenticity of the signature and of authority to transfer, and of payment of transfer taxes, as
the Corporation or its agents may require.

     3. Ownership of Stock. The Corporation shall be entitled to treat the holder of record of any
share or shares of stock as the owner thereof in fact and shall not be bound to recognize any
equitable or other claim to or interest in such share or shares on the part of any other person,
whether or not it has express or other notice thereof, except as otherwise expressly provided by
law.

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     4. Lost, Stolen or Destroyed Certificates. In case any certificate for stock of the
corporation is lost, stolen or destroyed, the Corporation may require such proof of the fact and
such indemnity to be given to it, to its transfer agent or to its registrar, if any, as deemed
necessary or advisable by it.

ARTICLE VII

INDEMNIFICATION; TRANSACTIONS WITH INTERESTED PERSONS

     1. Indemnification. The Corporation (and any successor to the Corporation by merger or
otherwise) shall indemnify and hold harmless, to the fullest extent permitted by applicable law as
it presently exists or may hereafter be amended, any person (an “Indemnitee”) who was or is made or
is threatened to be made a party or is otherwise involved in any threatened, pending or completed
action, suit or proceeding, whether civil, criminal, administrative or investigative (a
“Proceeding”), by reason of the fact that he or she, or a person for whom he or she is the legal
representative, is or was a director or officer of the Corporation or, while a director or officer
of the Corporation, is or was serving at the request of the Corporation as a director, officer,
employee or agent of another corporation or of a partnership, limited liability company, joint
venture, trust, enterprise or nonprofit entity, including service with respect to an employee
benefit plan, against all liability, expense and loss (including attorneys’ fees, judgments, fines,
ERISA taxes or penalties and amounts paid or to be paid in settlement) actually and reasonably
incurred or suffered by such Indemnitee, but only if such Indemnitee acted in good faith and in a
manner such Indemnitee reasonably believed to be in or not opposed to the best interests of the
Corporation, and with respect to any criminal proceeding, had no reasonable cause to believe such
Indemnitee’s conduct was unlawful. Notwithstanding the preceding sentence, except for a suit or
action brought under Section 7.3 hereof, the Corporation shall be required to indemnify an
Indemnitee in connection with a Proceeding (or part thereof) commenced by such Indemnitee only if
the commencement of such proceeding (or part thereof) by the Indemnitee was authorized by the Board
of Directors of the Corporation.

     2. Prepayment of Expenses. The Corporation shall pay the expenses (including attorneys’ fees)
incurred by an Indemnitee in defending any Proceeding in advance of its final disposition;
provided, however, that to the extent required by law, such payment of expenses in advance of the
final disposition of the Proceeding shall be made only upon receipt of an undertaking by the
Indemnitee to repay all amounts advanced if it should be ultimately determined that the Indemnitee
is not entitled to be indemnified under this Article VII or otherwise.

     3. Claims. If a claim for indemnification or payment of expenses under this Article VII is
not paid in full within sixty days after a written claim therefor by the Indemnitee has been
received by the Corporation, the Indemnitee may file suit to recover the unpaid amount of such
claim and, if successful in whole or in part, shall be entitled to be paid the expense of
prosecuting such claim. In any such action the Corporation shall have the burden of proving that
the Indemnitee is not entitled to the requested indemnification or payment of expenses under
applicable law.

     4. Authorization. Any indemnification under Section 7.01 (unless ordered by a court) shall be
made by the Corporation only as authorized in the specific case upon a

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determination that indemnification of the director or officer is proper in the circumstances
because he or she has met the applicable standard of conduct set forth in Section 7.01. Such
determination shall be made (a) by the Board of Directors by a majority vote of a quorum consisting
of directors who were not parties to such action, suit or proceeding, or (b) if such a quorum is
not obtainable, or, even if obtainable a quorum of disinterested directors so directs, by
independent legal counsel in a written opinion, or (c) by the stockholders.

     5. Nonexclusivity of Rights. The rights conferred on any Indemnitee by this Article VII shall
not be exclusive of any other rights which such Indemnitee 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.

     6. Amendment or Repeal. Any repeal or modification of the foregoing provisions of this
Article VII shall not adversely affect any right or protection hereunder of any Indemnitee in
respect of any act or omission occurring prior to the time of such repeal or modification.

     7. Other Indemnification and Prepayment of Expenses. This Article VII shall not limit the
right of the Corporation, to the extent and in the manner permitted by law, to indemnify and to
advance expenses to persons other than Indemnitees when and as authorized by the Board.

     8. Survival of Indemnification Rights. The rights to indemnification and advance payment of
expenses provided by Section 7.01 and 7.02 hereof shall continue as to a person who has ceased to
be a director, officer, employee or agent of the Corporation and shall inure to the benefit of the
personal representatives, heirs, executors and administrators of such person.

     9. 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, partner (limited or
general), manager, trustee or agent of another corporation or of a partnership, joint venture,
limited liability company, trust or other enterprise, against any liability asserted against such
person or incurred by such person in any such capacity, or arising out of such person’s status as
such, and related expenses, whether or not the Corporation would have the power to indemnify such
person against such liability under the provisions of applicable law.

     10. Transactions With Interested Persons. No contract or transaction between the Corporation
and any of its directors or officers, or between the Corporation and any other corporation,
partnership, association or other organization in which any of its directors or officers is a
director or officer or has a financial interest, shall be void or voidable solely for that reason,
or solely because the director or officer is present at or participates in the meeting of the Board
of Directors or committee thereof at which the contract or transaction is authorized or solely
because his or her vote is counted for such purpose, if

     (a) the material facts as to his or her 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 vote of a
majority of the disinterested Directors, even though the disinterested Directors are less
than a quorum;

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     (b) the material facts as to his or her 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 the vote of the
stockholders; or

     (c) 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.

ARTICLE VIII

RECORD DATE

     1. Actions by Stockholders. In order that the Corporation may determine the stockholders
entitled to notice of or to vote at any meeting of stockholders, the Board may fix a record date,
which record date shall not precede the date upon which the resolution fixing the record date is
adopted by the Board, and which record date shall not be more than 60 days nor less than ten days
before the date of such meeting. If no record date is fixed by the Board, the record date for
determining stockholders entitled to notice of or to vote at a meeting of stockholders shall be the
close of business on the day next preceding the day on which notice is given, or, if notice is
waived, at the close of business on the day next preceding the day on which the meeting is held. 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 for the adjourned meeting.

     2. Payments. In order that the Corporation may determine the stockholders entitled to receive
payment of any dividend or other distribution or allotment of any rights or the stockholders
entitled to exercise any rights in respect of any change, conversion or exchange of stock, or for
the purpose of any other lawful action, the Board may fix a record date, which record date shall
not precede the date upon which the resolution fixing the record date is adopted, and which record
date shall be not more than 60 days prior to such action. If no record date is fixed, the record
date for determining stockholders for any such purpose shall be at the close of business on the day
on which the Board adopts the resolution relating thereto.

     3. Stockholders of Record. The Corporation shall be entitled to recognize the exclusive right
of a person registered on its books as the owner of shares to receive dividends, to receive
notifications, to vote as such owner and to exercise all the rights and powers of an owner. The
Corporation shall not be bound to recognize any equitable or other claim to or interest in such
share or shares on the part of any other person, whether or not it shall have express or other
notice thereof, except as otherwise may be provided by the DGCL.

ARTICLE IX

MISCELLANEOUS

     1. Corporate Seal. The seal of the Corporation shall be circular in form and shall contain
the name of the Corporation and the words “Corporate Seal, Delaware.”

     2. Fiscal Year. The Board of Directors shall have power to fix, and from time to time to
change, the fiscal year of the Corporation.

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     3. Audits. The accounts, books and records of the Corporation shall be audited upon the
conclusion of each fiscal year by an independent certified public accountant selected by the Board
of Directors, and it shall be the duty of the Board of Directors to cause such audit to be made
annually.

     4. Dividends. The Board of Directors may from time to time declare, and the Corporation may
pay, dividends on its outstanding shares in the manner and upon the terms and conditions provided
by law and its Certificate of Incorporation.

     5. Waiver of Notice. Whenever any notice is required to be given to any stockholder or
director of the Corporation under the provisions of the DGCL, a waiver thereof in writing, signed
by the person or persons entitled to such notice, whether before or after the time stated therein,
shall be deemed equivalent to the giving of such notice. Neither the business to be transacted at,
nor the purpose of, any annual or special meeting of the stockholders of the Board of Directors
need be specified in any waiver of notice of such meeting.

ARTICLE X

AMENDMENT

     These Bylaws may be amended, altered, added to, rescinded or repealed at any meeting of the
Board of Directors or of the stockholders, provided notice of the proposed change was given in the
notice of the meeting and, in the case of a meeting of the Board of Directors, in a notice given no
less than twenty-four hours prior to the meeting; provided, however, that, notwithstanding any
other provisions of these Bylaws or any provision of law which might otherwise permit a lesser vote
or no vote, but in addition to any affirmative vote of the holders of any particular class or
series of the stock required by law, the Certificate of Incorporation or these Bylaws, the
affirmative vote of the holders of at least 662/3% of the voting power of the
then outstanding Voting Stock, voting together as a single class, shall be required in order for
stockholders to alter, amend or repeal any provision of these Bylaws or to adopt any additional
bylaw.

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