Document:

exv4w1

 

Exhibit 4.1

AMENDED AND RESTATED CERTIFICATE OF INCORPORATION

OF

PEOPLESUPPORT, INC.

     PeopleSupport, Inc., a corporation organized and existing under the laws of the State of
Delaware, hereby certifies as follows:

          FIRST: The name of the corporation is PeopleSupport, Inc. (the “Corporation”).

          SECOND: The original Certificate of incorporation of the Corporation was filed with the
Secretary of State of the State of Delaware on July 2, 1998. An Amended and Restated Certificate
of Incorporation was filed with the Secretary of State of the State of Delaware on August 13, 1998.
An Amended and Restated Certificate of Incorporation was filed with the Secretary of State of the
State of Delaware on May 10, 1999. An Amended and Restated Certificate of Incorporation was filed
with the Secretary of State of the State of Delaware on June 29,1999. An Amended and Restated
Certificate of Incorporation was flied with the Secretary of State of the State of Delaware on
November 19, 1999. An Amended and Restated Certificate of Incorporation was filed with the
Secretary of State of the State of Delaware on April 11, 2000. A Certificate of Amendment to the
Amended and Restated Certificate of Incorporation was filed on October 18, 2002. A Certificate of
Amendment to the Amended and Restated Certificate of Incorporation was filed on May 18, 2004. A
Certificate of Amendment to the Amended and Restated Certificate of Incorporation was filed on
August 5, 2004. A Certificate of Correction to Certificate of Amendment to the Amended and
Restated Certificate of Incorporation was filed on August 10, 2004. A Certificate of Amendment to
the Amended and Restated Certificate of Incorporation was filed on September 28, 2004.

          THIRD: Pursuant to Sections 242 and 245 of the Genera) Corporation Law of the State of
Delaware, this Amended and Restated Certificate of Incorporation restates, integrates and further
amends the provisions of the Certificate of Incorporation of the Corporation, as amended to date.

          FOURTH: The Certificate of Incorporation of the Corporation shall be amended and restated to
read in full as follows:

ARTICLE I

          The name of the Corporation is PeopleSupport, Inc.

ARTICLE II

          The address of the registered office of the Corporation in the State of Delaware is 15 East
North Street, City of Dover, County of Kent. The name of its registered agent at such address is
Incorporating Services, Ltd.

-1-

 

ARTICLE III

          The nature of the business or purposes to be conducted or promoted is to engage in any lawful
act or activity for which corporations may be organized trader the General Corporation Law of
Delaware.

ARTICLE IV

          A. Classes of Stock. The total number of shares of all classes of capital stock that
the Corporation shall have authority to issue is ninety one million (91,000,000), of which eighty
seven million (87,000,000) shares shall be Common Stock, with a par value of $0.001 per share (the
“Common Stock”), and four million (4,000,000) shares shall be Preferred Stock, with a par value of
$0.001 per share (the “Preferred Stock”). The number of authorized shares of Common Stock or
Preferred Stock may be increased or decreased (but not below the number of shares thereof then
outstanding) by the affirmative vote of the holders of a majority of the then outstanding shares of
Common Stock, without a vote of the holders of the Preferred Stock, or of any series thereof,
unless a vote of any such Preferred Stock holders is required pursuant to the provisions
established by the Board of Directors of the Corporation (the “Board of Directors”) in the
resolution or resolutions providing for the issue of such Preferred Stock, and if such holders of
such Preferred Stock are so entitled to vote thereon, then, except as may otherwise be set forth in
this Amended and Restated Certificate of Incorporation, the only stockholder approval required
shall be the affirmative vote of a majority of the combined voting power of the Common Stock and
the Preferred Stock so entitled to vote.

          B. Preferred Stock. The Preferred Stock may be issued in any number of series, as
determined by the Board of Directors. The Board of Directors is expressly authorized to provide
for the issue, in one or more series, of all or any of the remaining shares of Preferred Stock and,
in the resolution or resolutions providing for such issue, to establish for each such series the
number of its shares, the voting powers, full or limited, of the shares of such series, or that
such shares shall have no voting powers, and the designations, preferences and relative,
participating, optional or other special rights of the shares of such series, and the
qualifications, limitations or restrictions thereof. The Board of Directors is also expressly
authorized (unless forbidden in the resolution or resolutions providing for such issue) to increase
or decrease (but not below the number of shares of the series then outstanding) the number of
shares of any series subsequent to the issuance of shares of that series. In case the number of
shares of any such 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 series.

          C. Common Stock.

          1. Relative Rights of Preferred Stock and Common Stock. All preferences, voting
powers, relative, participating, optional or other special rights and privileges, and
qualifications, limitations or restrictions of the Common Stock arc expressly made subject and
subordinate to those that may be fixed with respect to any shares of the Preferred Stock.

-2-

 

          2. Voting Rights. Except as otherwise required by law or this Amended and Restated
Certificate of Incorporation, each holder of Common Stock shall have one vote in respect of each
share of stock held by such holder of record on the books of the Corporation for the election of
directors and on all matters submitted to a vote of stockholders of the Corporation.

          3. Dividends. Subject to the preferential rights of the Preferred Stock, the holders
of shares of Common Stock shall be entitled to receive, when and if declared by the Board of
Directors, out of the assets of the Corporation which are by law available therefor, dividends
payable either in cash, in property or in shares of capital stock.

          4. Dissolution Liquidation or Winding Up. In the event of any dissolution,
liquidation or winding up of the affairs of the Corporation, after distribution in full of the
preferential amounts, if any, to be distributed to the holders of shares of the Preferred Stock,
holders of Common Stock shall be entitled, unless otherwise provided bylaw or this Amended and
Restated Certificate of Incorporation, to receive all of the remaining assets of the Corporation of
whatever kind available for distribution to stockholders ratably in proportion to the number of
shares of Common Stock held by them respectively.

ARTICLE V

          In furtherance and not in limitation of the powers conferred by the laws of the State of
Delaware:

          A. The Board of Directors is expressly authorized to adopt, amend or repeal the bylaws of the
Corporation; provided, however, that the bylaws may only be amended in accordance with the
provisions thereof.

          B. Elections of directors need not be by written ballot unless the bylaws of the Corporation
shall so provide.

          C. The books of the Corporation may be kept at such place within or without the State of
Delaware as the bylaws of the Corporation may provide or as may be designated from time to time by
the Board of Directors.

ARTICLE VI

          A. Number of Directors. The authorized number of directors of the Corporation shall
be determined from time to time by resolution adopted by the affirmative vote
of a majority of the entire Board of Directors at any regular or special meeting of such Board
of Directors, within any limits prescribed in the bylaws of the Corporation.

          B. Classes of Directors. The Board of Directors, other than those directors elected
by the holders of any series of Preferred Stock as provided for or fixed pursuant to the provisions
of Article IV of this Amended and Restated Certificate of Incorporation, shall be divided into
three classes, designated Class I, Class II and Class III, as nearly equal in number as

-3-

 

possible.
The term of office of directors of one class shall expire at each annual meeting of stockholders,
and in all cases as to each director until his or her successor shall be elected and shall qualify
or until his or her earlier resignation, removal from office, death or incapacity. Additional
directorships resulting from an increase in the number of directors shall be apportioned among the
classes as equally as possible. The initial term of office of directors of Class I shall expire at
the annual meeting of stockholders in 2005, the initial term of office of directors of Class II
shall expire at the annual meeting of stockholders in 2006 and the initial term of office of
directors of Class III shall expire at the annual meeting of stockholders in 2007. At each annual
meeting of stockholders, the number of directors equal to the number of directors of the class
whose term expires at the time of such meeting (or, if less, the number of directors properly
nominated and qualified for election) shall be elected to hold office until the third succeeding
annual meeting of stockholders after their election.

          C. Vacancies. Except as otherwise provided for or fixed pursuant to the provisions of
Article IV of this Amended and Restated Certificate of Incorporation relating to the rights of the
holders of any series of Preferred Stock to elect additional directors, and subject to the
provisions hereof, newly created directorships resulting from any increase in the authorized number
of directors or any vacancies on the Board of Directors resulting from death, resignation,
disqualification, removal or other cause, may be filled only by the affirmative vote of a majority
of the remaining directors then in office, even though less than a quorum of the Board of
Directors. Any director elected in accordance with the preceding sentence shall hold office for
the remainder of the full term of the class of directors in which the new directorship was created
or in which the vacancy occurred, and until such director’s successor shall have been duly elected
and qualified or until his or her earlier resignation, removal from office, death or incapacity.
Subject to the provisions of this Amended and Restated Certificate of Incorporation, no decrease in
the number of directors constituting the Board of Directors shall shorten the term of any incumbent
director.

ARTICLE VII

          A. Power of Stockholder to Act by Written Consent. No action required or permitted to
be taken at any annual or special meeting of the stockholders may be taken without a meeting, and
the power of stockholders to consent in writing, without a meeting, to the taking of any action is
specifically denied.

          B. Special Meetings of Stockholders. Special meetings of the stockholders of the
Corporation may be called for any purpose or purposes, unless otherwise prescribed by statute or by
this Amended and Restated Certificate of Incorporation, only by the Chairman of the Board, the
President of the Corporation, the Chief Executive Officer of the Corporation, by a
resolution adopted by the affirmative vote of a majority of the Board of Directors or by a
resolution adopted by the affirmative vote of a sixty-six and two-thirds percent (662/3%) of the
independent directors.

          C. Cumulative Voting. The stockholders of’ the Corporation shall not have cumulative
voting.

-4-

 

ARTICLE VIII

          A. Limitation on Liability. A director of the Corporation shall not be personally
liable to the Corporation or its stockholders for monetary damages for breach of fiduciary duty as
a director, except for liability (1) for any breath of the director’s duty of loyalty to the
Corporation or its stockholders; (2) for acts or omissions not in good faith or which involve
intentional misconduct or a knowing violation of law; (3) wider Section 174 of the Delaware General
Corporation Law; or (4) for any transaction from which the director derived an improper personal
benefit.

          If the Delaware Genera] Corporation Law hereafter is amended to further eliminate or limit the
liability of directors, then the liability of a director of the Corporation, in addition to the
limitation on personal liability provided herein, shall be limited to the fullest extent permitted
by the amended Delaware General Corporation Law.

          B. Indemnification. Each person who is or is made a party or is threatened to be made
a party to or is involved in any action, suit or proceeding, whether civil, criminal,
administrative or investigative (hereinafter a “proceeding”), by reason of the fact that he or she,
or a person of whom he or she is the legal representative, is or was a director or officer of the
Corporation or is or was serving at the request of the Corporation as a director, officer, employee
or agent of another corporation or of a partnership, joint ventures trust or other enterprise,
including service with respect to employee benefit plans, whether the basis of such proceeding is
an alleged action in an official capacity as a director, officer, employee or agent or in any other
capacity while serving as a director, officer, employee or agent, shall be indemnified and held
harmless by the Corporation to the fullest extent authorized by the Delaware General Corporation
Law, as the same exists or may hereafter be amended (but, in the case of any such amendment, only
to the extent that such amendment permits the Corporation to provide broader indemnification rights
than said Law permitted the Corporation to provide prior to such amendment), against all expense,
liability and loss (including attorneys’ fees, judgments, fines, ERISA excise taxes or penalties
and amounts paid or to be paid in settlement) reasonably incurred or suffered by such person in
connection therewith, and such indemnification shall continue as to a person who has ceased to be a
director, officer, employee or agent and shall inure to the benefit of his or her heirs, executors
and administrators; provided, however, that, except as provided in the second paragraph hereof~ the
Corporation shall indemnify any such person seeking indemnification in connection with a proceeding
(or part thereof) initiated by such person only if such proceeding (or part thereof) was authorized
by the Board of Directors. The right to indemnification conferred in this section shall be a
contract right and shall include the right to be paid by the Corporation for any expenses incurred
in defending any such proceeding in advance of its final disposition; provided, however, that, if
the Delaware General
Corporation Law requires, the payment of such expenses incurred by a director or officer in
his or her capacity as a director or officer (and not in any other capacity in which service was or
is rendered by such person while a director or officer, including, without limitation, service to
an employee benefit plan) in advance of the final disposition of a proceeding shall be made only
upon delivery to the Corporation of an undertaking, by or on behalf of such director or officer, to
repay all amounts so advanced if it shall ultimately be determined that such director or officer is
not entitled to be indemnified under this section or otherwise. The Corporation may, by action of

-5-

 

its Board of Directors, provide indemnification to employees and agents of the Corporation with the
same scope and effect as the foregoing indemnification of directors and officers.

          If a claim under the first paragraph of this section is not paid in full by the Corporation
within thirty (30) days after a written claim has been received by the Corporation, the claimant
may at any time thereafter bring suit against the Corporation to recover the unpaid amount of the
claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the
expense of prosecuting such claim. It shall be a defense to any such action (other than an action
brought to enforce a claim for expenses incurred in defending any proceeding in advance of its
final disposition where the required undertaking, if any is required, has been tendered to the
Corporation) that the claimant has not met the standards of conduct which make it permissible under
the Delaware General Corporation Law for the Corporation to indemnify the claimant for the amount
claimed, but the burden of proving such defense shall be on the Corporation. Neither the failure
of the Corporation (including its Board of Directors, independent legal counsel or its
stockholders) to have made a determination prior to the commencement of such action that
indemnification of the claimant is proper in the circumstances because he or she has met the
applicable standard of conduct set forth in the Delaware General Corporation Law, nor an actual
determination by the Corporation (including its Board of Directors, independent legal counsel or
its stockholder) that the claimant has not met such applicable standard of conduct, shall be a
defense to the action or create a presumption that the claimant has not met the applicable standard
of conduct.

          The right to indemnification and the payment of expenses incurred in defending a proceeding in
advance of its final disposition conferred in this section shall not be exclusive of any other
right which any person may have or hereafter acquire under any statute, provision of the Amended
and Restated Certificate of Incorporation, bylaw, agreement, vote of stockholders or disinterested
directors or otherwise.

          C. Insurance. The Corporation may maintain insurance, at its expense, to protect
itself and any director, officer, employee or agent of the Corporation or another corporation,
partnership, joint venture, trust or other enterprise against any such expense, liability or loss,
whether or not the Corporation would have the power to indemnify such person against such expense,
liability or loss under the Delaware General Corporation Law.

          D. Repeal and Modification. Any repeal or modification of the foregoing provisions of
this Article VIII shall not adversely affect any right or protection of any director, officer,
employee or agent of the Corporation existing at the time of such repeal or modification. To the
fullest extent permitted by applicable law, the Corporation is authorized to provide
indemnification of (and advancement of expenses to) agents of the Corporation (and any other
persons to whom Delaware law permits the Corporation to provide indemnification) through
bylaw provisions, agreements with such agents or other persons, vote of stockholders or
disinterested directors or otherwise, in excess of the indemnification and advancement otherwise
permitted by Section 145 of the Delaware General Corporation Law, subject only to limits created by
applicable Delaware law (statutory or non-statutory), with respect to actions for breach of duty to
the Corporation, its stockholders and others.

-6-

 

ARTICLE IX

          The Board of Directors is expressly empowered to adopt, amend or repeal the bylaws of the
Corporation; provided, however, that any adoption, amendment or repeal of the bylaws of the
Corporation by the Board of Directors shall require the approval of at least sixty-six and
two-thirds percent
(662/3%) of the total number of authorized directors (whether or not there exist
any vacancies in previously authorized directorships at the time any resolution providing for
adoption, amendment or repeal is presented to the Board of Directors). The stockholders shall also
have the power to adopt, amend or repeal the bylaws of the corporation; provided, however, that in
addition to any vote of the holders of any class or series of stock of the Corporation required by
law or by this Amended and Restated Certificate of Incorporation, the affirmative vote of the
holders of at least seventy-five percent (75%) of the voting power of all of the then-outstanding
shares of the stock of the Corporation entitled to vote generally in the election of directors,
voting together as a single class, shall be required for such adoption, amendment or repeal by the
stockholders of any provisions of the bylaws of the Corporation.

ARTICLE X

          Notwithstanding any other provision of this Amended and Restated Certificate of Incorporation,
the affirmative vote of the holders of at least seventy-five percent (75%) of the voting power of
all of the then-outstanding shares of the stock of the Corporation entitled to vote generally in
the election of directors, voting together as a single class, shall be required to amend in any
respect or repeal this Article IX, or Articles VI, VII and VIII.

          FIFTH: This Amended and Restated Certificate of Incorporation was duly adopted by the Board of
Directors of the Corporation.

          SIXTH: This Amended and Restated Certificate of Incorporation was duly adopted by the
stockholders in accordance with the provisions of Sections 242 and 245 of the General Corporation
Law of the State of Delaware. Written consent of the stockholders has been given with respect to
this Amended and Restated Certificate of Incorporation in accordance with Section 228 of the
General Corporation Law of the Stare of Delaware.

-7-

 

     IN WITNESS WHEREOF, PeopleSupport, Inc. has caused this Amended and Restated Certificate of
Incorporation to be signed by its Chief Executive Officer this 6th day of October, 2004.

	 	 	 	 	 	 	 
	 

	 	By
	 	/s/ Lance Rosenzweig
 

Lance Rosenzweig
	 	 
	 

	 	 	 	Chief Executive Officer	 	 

-8-

 

CERTIFICATE OF CHANGE OF REGISTERED AGENT

AND REGISTERED OFFICE

OF

PeopleSupport, Inc.

     Lance Rosenzweig hereby certifies that:

     The Board of Directors of PeopleSupport, Inc., a Delaware Corporation, on this 15th day of
April, 2005, do hereby resolve and order that the location of the Registered Office of this
Corporation within this Sate be, and the same hereby is 32 Loockerman Square, Suite 109, in the
City of Dove, County of Kent Zip Code 19904.

     The name of the Registered Agent therein and in charge thereof upon whom process against this
Corporation may be served, is Registered Agent Solutions, Inc.

     PeopleSupport, Inc., a Delaware Corporation, does hereby certify that the foregoing is a true
copy of a resolution adopted by the Board of Directors at a meeting held as herein stated.

     IN WITNESS WHEREOF, said Corporation has caused this certificate to be executed by its duly
authorized officer this 15th day of April, 2005.

	 	 	 	 	 	 	 
	 	 	PeopleSupport, Inc.	 	 
	 
	 	 	 	 	 	 
	 

	 	Name:

Title:
	 	/s/ Lance Rosenzweig
 

Lance Rosenzweig,
	 	 
	 	 	President and Corporate Secretaryexv4w2

 

Exhibit 4.2

AMENDED AND RESTATED

BYLAWS

OF

PEOPLESUPPORT, INC.

(A DELAWARE CORPORATION)

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 
	ARTICLE	1 Meeting of Stockholders
	 	 	1	 
	 
	1.1
	1.1 Place of Meeting
	 	 	1	 
	1.2
	 Annual Meeting
	 	 	1	 
	1.3
	 Special Meetings
	 	 	2	 
	1.4
	 Notice of Meetings
	 	 	2	 
	1.5
	 List of Stockholders
	 	 	2	 
	1.6
	 Organization and Conduct of Business
	 	 	3	 
	1.7
	 Quorum and Adjournments
	 	 	3	 
	1.8
	 Voting Rights
	 	 	3	 
	1.9
	 Majority Vote
	 	 	3	 
	1.10
	 Record Date for Stockholder Notice and Voting
	 	 	4	 
	1.11
	 Proxies
	 	 	4	 
	1.12
	 Inspectors of Election
	 	 	4	 
	1.13
	 Action Without a Meeting
	 	 	4	 
	 
	ARTICLE	2 Directors
	 	 	5	 
	 
	2.1
	 Number, Election, Tenure and Qualifications
	 	 	5	 
	2.2
	 Enlargement and Vacancies
	 	 	6	 
	2.3
	 Resignation and Removal
	 	 	6	 
	2.4
	 Powers
	 	 	7	 
	2.5
	 Chairman of the Board
	 	 	7	 
	2.6
	 Place of Meetings
	 	 	7	 
	2.7
	 Annual Meetings
	 	 	7	 
	2.8
	 Regular Meetings
	 	 	7	 
	2.9
	 Special Meetings
	 	 	7	 
	2.10
	 Quorum, Action at Meeting, Adjournments
	 	 	7	 
	2.11
	 Action Without Meeting
	 	 	8	 
	2.12
	 Telephone Meetings
	 	 	8	 
	2.13
	 Committees
	 	 	8	 
	2.14
	 Fees and Compensation of Directors
	 	 	9	 
	 
	ARTICLE	3 Officers
	 	 	9	 
	 
	3.1
	 Executive Officers; Election; Qualifications; Term of Office;
Resignation; Removal; Vacancies
	 	 	9	 
	3.2
	 Powers and Duties of Executive Officers
	 	 	9	 
	 
	ARTICLE	4 Notices
	 	 	9	 
	 
	4.1
	 Delivery
	 	 	9	 
	4.2
	 Waiver of Notice
	 	 	10	 
	 
	ARTICLE 	5 Indemnification
	 	 	10	 
	 
	5.1
	 Actions Other Than By or in the Right of the Corporation
	 	 	10	 

-i-

 

	 	 	 	 	 
	5.2 
	Actions By or in the Right of the Corporation	 	10	 
	5.3 
	Success on the Merits	 	11	 
	5.4 
	Specific Authorization	 	11	 
	5.5 
	Advance Payment	 	11	 
	5.6 
	Non-Exclusivity	 	11	 
	5.7 
	Insurance	 	12	 
	5.8 
	Severability	 	12	 
	5.9 
	Intent of Article	 	12	 
	 
	ARTICLE   
	6 Capital Stock	 	12	 
	 
	6.1 
	Certificates for Shares	 	12	 
	6.2 
	Transfer of Stock	 	13	 
	6.3 
	Registered Stockholders	 	13	 
	6.4 
	Lost, Stolen or Destroyed Certificates	 	13	 
	 
	ARTICLE
	7 Certain Transactions
	 	13	 
	 
	7.1 
	Transactions with Interested Parties	 	13	 
	7.2 
	Quorum	 	14	 
	 
	ARTICLE  
	8 General Provisions
	 	14	 
	 
	8.1 
	Dividends	 	14	 
	8.2 
	Reserves	 	14	 
	8.3 
	Checks	 	14	 
	8.4 
	Corporate Seal	 	14	 
	8.5 
	Fiscal Year	 	15	 
	8.6 
	Execution of Corporate Contracts and Instruments	 	15	 
	8.7 
	Representation of Shares of Other Corporations	 	15	 
	 
	ARTICLE  
	9 Amendments	 	15	 

-ii-

 

AMENDED AND RESTATED

BYLAWS

OF

PEOPLESUPPORT, INC.

(A DELAWARE CORPORATION)

ARTICLE 1

Meeting of Stockholders

     1.1 Place of Meeting. Meetings of stockholders may be held at such place, either within or
without of the State of Delaware, as may be designated by or in the manner provided in these
bylaws, or, if not so designated, at the registered office of the corporation or the principal
executive offices of the corporation.

     1.2 Annual Meeting. Annual meetings of stockholders shall be held each year at such date and
time as shall be designated from time to time by the Board of Directors or the President and stated
in the notice of the meeting. At such annual meeting, the stockholders shall elect by a plurality
vote a Board of Directors. The stockholders shall also transact such other business as may properly
be brought before the meetings.

     To be properly brought before the annual meeting, business must be (a) specified in the notice
of meeting (or any supplement thereto) given by or at the direction of the Board of Directors or
the President, (b) otherwise properly brought before the meeting by or at the direction of the
Board of Directors or the President, or (c) otherwise properly brought before the meeting by a
stockholder of record. In addition to any other applicable requirements, for business to be
properly brought before the annual meeting by a stockholder, the stockholder must have given timely
notice thereof in writing to the Secretary of the corporation. To be timely, a stockholder’s notice
must be delivered by a nationally recognized courier service or mailed by first-class United States
mail, postage or delivery charges prepaid, and received at the principal executive offices of the
corporation, addressed to the attention of the Secretary of the corporation, not less than 120 days
nor more than 150 days prior to the scheduled date of the meeting (regardless of any postponements,
deferrals or adjournments of that meeting to a later date); provided, however, that in the event
that the annual meeting of stockholders has been changed to be more than 30 calendar days before or
60 calendar days after the anniversary date of the preceding year’s annual meeting, notice by the
stockholder to be timely must be so received not later than the earlier of (a) the close of
business on the 10th day following the day on which such notice of the date of the scheduled annual
meeting was mailed or such public disclosure was made, whichever first occurs, and (b) the date a
public announcement was made. A stockholder’s notice to the Secretary shall set forth as to each
matter the stockholder proposes to bring before the annual meeting (i) a brief description of the business desired to be brought
before the annual meeting and the reasons for conducting such business at the annual meeting,

-1-

 

ii) the name and record address of the stockholder proposing such business, iii) the class, series
and number of shares of the corporation that are owned beneficially by the stockholder, and (iv)
any material interest of the stockholder in such business.

     Notwithstanding anything in these bylaws to the contrary, no business shall be conducted at the annual meeting except in accordance with the procedures set forth in this
Section; provided, however, that nothing in this Section shall be deemed to preclude discussion by
any stockholder of any business properly brought before the annual meeting.

     The Chairman of the Board of Directors of the corporation (or such other person presiding at
the meeting in accordance with these bylaws) shall, if the facts warrant, determine and declare to
the meeting that business was not properly brought before the meeting in accordance with the
provisions of this Section, and if he should so determine, he shall so declare to the meeting and
any such business not properly brought before the meeting shall not be transacted.

     1.3 Special Meetings. Special meetings of the stockholders may be called for any purpose or
purposes, unless otherwise prescribed by statute or by the certificate of incorporation, by the
President or Secretary only at the request of the Chairman of the Board, President or Chief
Executive Officer of the corporation or by a resolution duly adopted by the affirmative vote of a
majority of the Board of Directors or sixty-six and two-thirds percent (66 2/3%) of the independent
directors. Such request shall state the purpose or purposes of the proposed meeting. Business
transacted at any special meeting shall be limited to matters relating to the purpose or purposes
stated in the notice of meeting.

     1.4 Notice of Meetings. Written notice of stockholders’ meetings, stating the place, date
and time of the meeting and, in the case of a special meeting, the purpose or purposes for which
such special meeting is called, shall be given to each stockholder entitled to vote at such
meeting not less than 10 nor more than 60 days prior to the meeting.

     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
30 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.

     1.5 List of Stockholders. The officer in charge of the stock ledger of the corporation or
the transfer agent shall prepare and make, at least 10 days before every meeting of stockholders, a
complete list of the 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 10 days prior to the
meeting, at a place within the city where the meeting is to be held, which place, if other than the
place of the meeting, shall be specified in the notice of the

-2-

 

meeting. The list shall also be produced and kept at the place of the meeting
during the whole time thereof, and may be inspected by any stockholder who is
present in person thereat.

     1.6 Organization and Conduct of Business. The Chairman of the Board of Directors or, in his
or her absence, the President of the corporation or, in their absence, such person as the Board of
Directors may have designated or, in the absence of such a person, such person as may be chosen by
the holders of a majority of the shares entitled to vote who are present, in person or by proxy,
shall call to order any meeting of the stockholders and act as Chairman of the meeting. In the
absence of the Secretary of the corporation, the secretary of the meeting shall be such person as
the Chairman appoints.

     The Chairman of any meeting of stockholders 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 seems to him or her in order.

     1.7 Quorum and Adjournments. Except where otherwise provided by law or the certificate of
incorporation or these bylaws, the holders of a majority of the stock issued and outstanding and
entitled to vote, present in person or represented in proxy, shall constitute a quorum at all
meetings of the stockholders. The stockholders present at a duly called or held meeting at which a
quorum is present may continue to do business until adjournment, notwithstanding the withdrawal of
enough stockholders to have less than a quorum if any action taken (other than adjournment) is
approved by at least a majority of the shares required to constitute a quorum. At such adjourned
meeting at which a quorum is present or represented, any business may be transacted which might
have been transacted at the meeting as originally notified. If, however, a quorum shall not be
present or represented at any meeting of the stockholders, the stockholders entitled to vote
thereat who are present in person or represented by proxy or, if no stockholder is present or
represented by proxy, by any officer entitled to preside at or to act as secretary of such meeting,
shall have the power to adjourn the meeting from time to time, without notice other than
announcement at the meeting, until a quorum shall be present or represented.

     1.8 Voting Rights. Unless otherwise provided in the certificate of incorporation, each
stockholder shall at every meeting of the stockholders be entitled to one vote in person or by
proxy for each share of the capital stock having voting power held by such stockholder.

     1.9 Majority Vote. When a quorum is present at any meeting, the vote of the holders of a
majority of the stock having voting power present in person or represented by proxy shall decide
any question brought before such meeting, unless the question is one upon which by express
provision of the statutes or of the certificate of incorporation or of these bylaws, a different
vote is required in which case such express provision shall govern and control the decision of such
question.

-3-

 

     1.10 Record Date for Stockholder Notice and Voting. For purposes of determining the
stockholders entitled to notice of any meeting of stockholders or any adjournment thereof, or to
vote, or entitled to receive payment of any dividend or other distribution or allotment of any
rights, or entitled to exercise any right in respect of any change, conversion or exchange of stock
or for the purpose of any other lawful action, the Board of Directors may fix, in advance, a record
date, which shall not be more than 60 days nor less than 10 days before the date of any such
meeting nor more than 60 days before any other action to which such record date relates. 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; provided, however, that the Board of
Directors may fix a new record date for the adjourned meeting. If the Board of Directors does not
so fix a record date, the record date for determining stockholders entitled to notice of or to vote
at a meeting of stockholders shall be at the close of business on the business day next preceding
the day on which notice is given or, if notice is waived, at the close of business on the business
day next preceding the day on which the meeting is held. The record date for determining
stockholders for any other purpose shall be at the close of business on the day on which the Board
of Directors adopts the resolution relating to such purpose.

     1.11 Proxies. To the extent permitted by law, any stockholder of record may appoint a person
or persons to act as the stockholder’s proxy or proxies at any stockholder meeting for the purpose
of representing and voting the stockholder’s shares. The stockholder may make this appointment by
any means the General Corporation Law of the State of Delaware specifically authorizes, and by any
other means the Secretary of the corporation may permit. Prior to any vote, and subject to any
contract rights of the proxy holder, the stockholder may revoke the proxy appointment either
directly or by the creation of a new appointment, which will automatically revoke the former one.
The inspector of elections appointed for the meeting may establish requirements concerning such
proxy appointments or revocations that the inspector considers necessary or appropriate to assure
the integrity of the vote and to comply with law.

     1.12 Inspectors of Election. The corporation shall, in advance of any meeting of
stockholders, appoint one or more inspectors of election to act at the meeting and make a written
report thereof. The corporation may designate one or more persons to act as alternate inspectors to
replace any inspector who fails to act. If no inspector or alternate is able to act at a meeting of
stockholders, the person presiding at the meeting shall appoint one or more inspectors to act at
the meeting. Each inspector, before entering upon the discharge of his or her duties, shall take
and sign an oath faithfully to execute the duties of inspector with strict impartiality and
according to the best of his or her ability.

     1.13 Action Without a Meeting. No action required or permitted to be taken at any annual or
special meeting of the stockholders of the corporation may be taken without a meeting and the power
of the stockholders to consent in writing, without a meeting, to the taking of any action is
specifically denied.

-4-

 

ARTICLE 2

Directors

     2.1 Number, Election, Tenure and Qualifications. The number of directors which shall
constitute the whole Board of Directors shall be not less than six (6) nor more than eleven (11).
Within such limit, the number of directors that shall constitute the whole Board of Directors shall
be fixed from time to time by resolution adopted by a majority of the entire Board of Directors.
Thereafter, the number of directors which shall constitute the whole Board of Directors shall be
fixed from time to time by resolution of the Board of Directors.

     The Board of Directors shall be divided into three classes, each class to serve for a term of
three (3) years and to be as nearly equal in number as possible. Class I shall be comprised of
directors who shall serve until the annual meeting of stockholders in 2005 and until their
successors shall have been elected and qualified. Class II shall be comprised of directors who
shall serve until the annual meeting of stockholders in 2006 and until their successors shall have
been elected and qualified. Class III shall be comprised of directors who shall serve until the
annual meeting of stockholders in 2007 and until their successors shall have been elected and
qualified.

     At each annual meeting of the stockholders, the directors shall be elected, except as
otherwise provided in Section 2.2 of this Article 2, and each director so elected shall hold office
until such director’s successor is duly elected and qualified or until such director’s earlier
resignation, removal, death or incapacity.

     Subject to the rights of holders of any class or series of stock having a preference over the
common stock as to dividends or upon liquidation, nominations of persons for election to the Board
of Directors at the annual meeting, by or at the direction of the Board of Directors, may be made
by any nominating committee or person appointed by the Board of Directors; nominations may also be
made by any stockholder of record of the corporation entitled to vote for the election of directors
at the meeting who complies with the notice procedures set forth in this Section. Such nominations,
other than those made by or at the direction of the Board of Directors, shall be made pursuant to
timely notice in writing to the Secretary of the corporation. To be timely, a stockholder’s notice
shall be delivered by a nationally recognized courier service or mailed by first-class United
States mail postage or delivery charges prepaid, and received at the principal executive offices of
the corporation addressed to the attention of the Secretary of the corporation not less than 120
days nor more than 150 days prior to the scheduled date of the meeting (regardless of any
postponements, deferrals or adjournments of that meeting to a later date); provided, however, that
in the event that the annual meeting of stockholders has been changed to be more than 30 calendar
days before or 60 calendar days after the anniversary date of the preceding year’s annual meeting,
notice by the stockholder to be timely must be so received not later than the earlier of (a) the
close of business on the 10th day following the day on which such notice of the date of the
scheduled annual meeting was mailed or such public disclosure was made, whichever first occurs, and
(b) the date a public announcement was made. Such stockholder’s notice to the Secretary shall set
forth (a) as to each person whom the stockholder

-5-

 

proposes to nominate for election or reelection as a director, (i) the name, age, business address
and residence address of the person, (ii) the principal occupation or employment of the person,
(iii) the class, series and number of shares of capital stock of the corporation that are owned
beneficially by the person, (iv) a statement as to the person’s citizenship, and (v) any other
information relating to the person that is required to be disclosed in solicitations for proxies
for election of directors pursuant to Section 14 of the Securities Exchange Act of 1934, as
amended, and the rules and regulations promulgated thereunder; and (b) as to the stockholder giving
the notice, (i) the name and record address of the stockholder and (ii) the class, series and
number of shares of capital stock of the corporation that are owned beneficially by the
stockholder. The corporation may require any proposed nominee to furnish such other information as
may reasonably be required by the corporation to determine the eligibility of such proposed nominee
to serve as director of the corporation. No person shall be eligible for election as a director of
the corporation unless nominated in accordance with the procedures set forth herein.

     In connection with any annual meeting, the Chairman of the Board of Directors (or such other
person presiding at such meeting in accordance with these bylaws) shall, if the facts warrant,
determine and declare to the meeting that a nomination was not made in accordance with the
foregoing procedure, and if he should so determine, he shall so declare to the meeting and the
defective nomination shall be disregarded.

     Directors shall serve as provided in the certificate of incorporation of the corporation.

     2.2 Enlargement and Vacancies. The number of members of the Board of Directors may be
increased at any time by vote of a majority of the directors then in office. Sole power to fill
vacancies and newly created directorships resulting from any increase in the authorized number of
directors shall be vested in the Board of Directors through action by a majority of the directors
then in office, though less than a quorum, or by a sole remaining director, and each director so
chosen shall hold office until the next annual election and until such director’s successor is duly
elected and qualified or until such director’s earlier resignation, removal from office, death or
incapacity. If there are no directors in office, then an election of directors may be held in the
manner provided by statute. In the event of a vacancy in the Board of Directors, the remaining
directors, except as otherwise provided by law or these bylaws, may exercise the powers of the full
board until the vacancy is filled.

     2.3 Resignation and Removal. Any director may resign at any time upon written notice to the
corporation at its principal place of business or to the President or the Secretary. Such
resignation shall be effective upon receipt of such notice unless the notice specifies such
resignation to be effective at some other time or upon the happening of some other event. Any
director or the entire Board of Directors may be removed, but only for cause, by the holders of a
majority of the shares then entitled to vote at an election of directors, unless otherwise
specified by law or the certificate of incorporation.

-6-

 

     2.4 Powers. The business of the corporation shall be managed by or under the direction of
the Board of Directors which may exercise all such powers of the corporation and do all such lawful
acts and things which are not by statute or by the certificate of incorporation or by these bylaws
directed or required to be exercised or done by the stockholders.

     2.5 Chairman of the Board. If the Board of Directors appoints a Chairman of the Board, such
Chairman shall, when present, preside at all meetings of the stockholders and the Board of
Directors. The Chairman shall perform such duties and possess such powers as are customarily vested
in the office of the Chairman of the Board or as may be vested in the Chairman by the Board of
Directors.

     2.6 Place of Meetings. The Board of Directors may hold meetings, both regular and special,
either within or without the State of Delaware.

     2.7 Annual Meetings. The annual meetings of the Board of Directors shall be held immediately
following the annual meeting of stockholders, and no notice of such meeting shall be necessary to
the Board of Directors, provided a quorum shall be present. The annual meetings shall be for the
purposes of organization, and an election of officers and the transaction of other business.

     2.8 Regular Meetings. Regular meetings of the Board of Directors may be held without notice
at such time and place as may be determined from time to time by the Board of Directors; provided
that any director who is absent when such a determination is made shall be given prompt notice of
such determination. A regular meeting may be held immediately following the annual meeting of
stockholders, and at the same place as the annual meeting of stockholders.

     2.9 Special Meetings. Special meetings of the Board of Directors may be called by the
Chairman of the Board, the President, the Chief Executive Officer, the Secretary, or on the written
request of two or more directors, or by one director in the event that there is only one director
in office. Notice of the time and place of special meetings shall be delivered personally or by
telephone to each director, or sent by first-class mail or telegram, cable, commercial delivery
service, telex, facsimile transmission, or electronic means, charges prepaid, sent to such
director’s business or home address as they appear upon the records of the corporation. In case
such notice is mailed, it shall be deposited in the United States mail at least four days prior to
the time of holding of the meeting. In case such notice is delivered personally or by telegram,
cable, commercial delivery service, telex, facsimile transmission, or electronic means, it shall be
so delivered at least four hours prior to the time of the holding of the meeting. A notice or
waiver of notice of a meeting of the Board of Directors need not specify the purposes of the
meeting.

     2.10 Quorum, Action at Meeting, Adjournments. At all meetings of the Board of Directors, a
majority of directors then in office, but in no event less than one third of the entire Board of
Directors, shall constitute a quorum for the transaction of business and 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 or by the certificate

-7-

 

of incorporation. For purposes of this section, the term “entire” shall mean the number of
directors last fixed by the stockholders or directors, as the case may be, in accordance with law
and these bylaws; provided, however, that if less than all the number so fixed of directors were
elected, the “entire Board” shall mean the greatest number of directors so elected to hold office
at any one time pursuant to such authorization. If a quorum shall not be present at any meeting of
the Board of Directors, a majority of the directors present thereat may adjourn the meeting from
time to time, without notice other than announcement at the meeting, until a quorum shall be
present.

     2.11 Action Without Meeting. 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 or by electronic
transmission, and the writing or writings or electronic transmission or transmissions are filed
with the minutes of proceedings of the Board of Directors or committee.

     2.12 Telephone Meetings. Unless otherwise restricted by the certificate of incorporation or
these bylaws, any member of the Board of Directors or any committee thereof may participate in a
meeting of the Board of Directors or of any committee, as the case may be, 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 the meeting.

     2.13 Committees. The Board of Directors may, by resolution passed by a majority of the whole
Board of Directors, designate one or more committees, each committee to consist of one or more of
the directors of the corporation. The 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. Any such committee, 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; but no such committee shall have the
power or authority in reference to amending the certificate of incorporation, adopting an agreement
of merger or consolidation, recommending to the stockholders the sale, lease or exchange of all or
substantially all of the corporation’s property and assets, recommending to the stockholders a
dissolution of the corporation or a revocation of a dissolution, or amending the bylaws of the
corporation; and, unless the resolution designating such committee or the certificate of
incorporation expressly so provide, no such committee shall have the power or authority to declare
a dividend or to authorize the issuance of stock. Such committee or committees shall have such name
or names as may be determined from time to time by resolution adopted by the Board of Directors.
Each committee shall keep regular minutes of its meetings and make such reports to the Board of
Directors as the Board of Directors may request. Except as the Board of Directors may otherwise
determine, any committee may make rules for the conduct of its business, but unless otherwise
provided by the directors or in such rules, its business shall be conducted as nearly as possible
in the same manner as is provided in these bylaws for the conduct of its business by the Board of
Directors.

-8-

 

     2.14 Fees and Compensation of Directors. Unless otherwise restricted by the certificate of
incorporation or these bylaws, the Board of Directors shall have the authority to fix the
compensation of directors. The directors may be paid their expenses, if any, of attendance at each
meeting of the Board of Directors and may be paid a fixed sum for attendance at each meeting of the
Board of Directors and/or a stated salary as director. No such payment shall preclude any director
from serving the corporation in any other capacity and receiving compensation therefor. Members of
special or standing committees may be allowed like compensation for attending committee meetings.

ARTICLE 3

Officers

     3.1 Executive Officers; Election; Qualifications; Term of Office; Resignation; Removal;
Vacancies. The Board of Directors shall elect a President and Secretary, and it may, if it so
determines, choose a Chairman of the Board and a Vice Chairman of the Board from among its members.
The Board of Directors may also choose a Chief Executive Officer, one or more Vice Presidents, one
or more Assistant Secretaries, a Treasurer and one or more Assistant Treasurers. Each such officer
shall hold office until the first meeting of the Board of Directors after the annual meeting of
stockholders next succeeding his election, and until his successor is elected and qualified or
until his earlier resignation or removal. Any officer may resign at any time upon written notice to
the corporation. The Board of Directors may remove any officer with or without cause at any time,
but such removal shall be without prejudice to the contractual rights of such officer, if any, with
the corporation. Any number of offices may be held by the same person. Any vacancy occurring in any
office of the corporation by death, resignation, removal or otherwise may be filled for the
unexpired portion of the term by the Board of Directors at any regular or special meeting.

     3.2 Powers and Duties of Executive Officers. The officers of the corporation shall have such
powers and duties in the management of the corporation as may be prescribed in a resolution by the
Board of Directors and, to the extent not so provided, as generally pertain to their respective
offices, subject to the control of the Board of Directors. The Board of Directors may require any
officer, agent or employee to give security for the faithful performance of his duties.

ARTICLE 4

Notices

     4.1 Delivery. Whenever, under the provisions of law, or of the certificate of incorporation
or these bylaws, written notice is required to be given to any director or stockholder, such notice
may be given by mail, addressed to such director or stockholder, at such person’s address as it
appears on the records of the corporation, with postage thereon prepaid, and such notice shall be
deemed to be given at the time when the same shall be deposited in the United States mail or
delivered to a nationally recognized courier service. Unless written notice

-9-

 

by mail is required by law, written notice may also be given by telegram, cable, telecopy,
commercial delivery services, telex or similar means, addressed to such director or stockholder at
such person’s address as it appears on the records of the corporation, in which case such notice
shall be deemed to be given when delivered into the control of the persons charged with effecting
such transmission, the transmission charge to be paid by the corporation or the person sending such
notice and not by the addressee. Oral notice or other in-hand delivery, in person or by telephone,
shall be deemed given at the time it is actually given.

     4.2 Waiver of Notice. Whenever any notice is required to be given under the provisions of
law or of the certificate of incorporation or of these bylaws, a waiver thereof in writing, signed
by the person or persons entitled to said notice, whether before or after the time stated therein,
shall be deemed equivalent thereto. In addition to the foregoing, notice of a meeting need not be
given to any director who signs a waiver of notice or a consent to holding the meeting or an
approval of the minutes thereof, whether before or after the meeting, or who attends the meeting
without protesting, prior thereto or at its commencement, the lack of notice to such director. All
such waivers, consents and approvals executed under this Section 4.2 shall be filed with the
corporate records or made a part of the minutes of the meeting.

ARTICLE 5

Indemnification

     5.1 Actions Other Than By or in the Right of the Corporation. Subject to Section 5.4, the
corporation shall 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 such person 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 attorneys’ fees), judgments, fines and amounts paid in settlement
actually and reasonably incurred by such person in connection with such action, suit or proceeding
if such person acted in good faith and in a manner such person reasonably believed to be in or not
opposed to the best interests of the corporation, and, with respect to any criminal action or
proceedings, had no reasonable cause to believe such person’s conduct was unlawful. The termination
of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of
nolo contendere or its equivalent, shall not, of itself, create a presumption that the person did
not act in good faith and in a manner which such person 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 such person’s conduct was unlawful.

     5.2 Actions By or in the Right of the Corporation. Subject to Section 5.4, the corporation
shall 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 such person 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

-10-

 

director, officer, employee or agent of another corporation, partnership, joint venture, trust or
other enterprise against expenses (including attorneys’ fees) actually and reasonably incurred by
such person in connection with the defense or settlement of such action or suit if such person
acted in good faith and in a manner such person 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 such person’s duty to the corporation unless and
only to the extent that the Court of Chancery of the State of Delaware or 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 the circumstances of the case, such person is fairly and reasonably
entitled to indemnity for such expenses which the Court of Chancery of the State of Delaware or
such other court shall deem proper.

     5.3 Success on the Merits. To the extent that any person described in Sections 5.1 or 5.2 of
this Article 5 has been successful on the merits or otherwise in defense of any action, suit or
proceeding referred to in said Sections, or in defense of any claim, issue or matter therein, such
person shall be indemnified against expenses (including attorneys’ fees) actually and reasonably
incurred by such person in connection therewith.

     5.4 Specific Authorization. Any indemnification under Sections 5.1 or 5.2 of this Article 5
(unless ordered by a court) shall be made by the corporation only as authorized in the specific
case upon a determination that indemnification of any person described in said Sections is proper
in the circumstances because such person has met the applicable standard of conduct set forth in
said Sections. Such determination shall be made (1) 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 (2) if
such a quorum is not obtainable, or even if obtainable a quorum of disinterested directors so
directs, by independent legal counsel in a written opinion, or (3) by a committee of disinterested
directors designated by a majority vote of the disinterested directors, even though less than a
quorum, or (4) by the stockholders of the corporation.

     5.5 Advance Payment. Expenses incurred by directors or officers of the corporation in
defending a civil or criminal action, suit or proceeding shall be, and Expenses incurred by a
person other than a director or officer of the corporation 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 by the Board of Directors in the manner provided for in
Section 5.4 upon receipt of an undertaking by or on behalf of any person described in said Section
to repay such amount unless it shall ultimately be determined that such person is entitled to
indemnification by the corporation as authorized in this Article 5.

     5.6 Non-Exclusivity. The indemnification provided by this Article 5 shall not be deemed
exclusive of any other rights to which those seeking indemnification or advancement of expenses may
be entitled under any bylaw, agreement, vote of stockholders or disinterested directors or
otherwise, both as to action in such person’s 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
director, officer, employee or agent of the corporation and shall inure to the benefit of the

-11-

 

heirs, executors and administrators of such a person. Any repeal or amendment of any of the
provisions of this Article 5 shall not adversely affect any right or potential of any indemnitee
existing at the time of such repeal or amendment.

     5.7 Insurance. The Board of Directors may authorize, by a vote of the majority of the full
Board of Directors, the corporation 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 such
person and incurred by such person in any such capacity, or arising out of such person’s status as
such, whether or not the corporation would have the power to indemnify such person against such
liability under the provisions of this Article 5.

     5.8 Severability. If any word, clause or provision of this Article 5 or any award made
hereunder shall for any reason be determined to be invalid, the provisions hereof shall not
otherwise be affected thereby but shall remain in full force and effect.

     5.9 Intent of Article. The intent of this Article 5 is to provide for indemnification to the
fullest extent permitted by Section 145 of the General Corporation Law of the State of Delaware. To
the extent that such Section or any successor Section may be amended or supplemented from time to
time, this Article 5 shall be amended automatically and construed so as to permit indemnification
to the fullest extent from time to time permitted by law.

ARTICLE 6

Capital Stock

     6.1 Certificates for Shares. The shares of the corporation shall be represented by
certificates or shall be uncertificated. Certificates shall be signed by, or in the name of the
corporation by, the Chairman of the Board, the President or a Vice President and by the Secretary
or an Assistant Secretary of the corporation. Any or all of the signatures on the certificate may
be a facsimile. In case any officer, transfer agent or registrar who has signed or whose facsimile
signature has been placed upon a certificate shall have ceased to be such officer, transfer agent
or registrar before such certificate is issued, it may be issued by the corporation with the same
effect as if such person were such officer, transfer agent or registrar at the date of issue.
Certificates may be issued for partly paid shares and in such case upon the face or back of the
certificates issued to represent any such partly paid shares, the total amount of the consideration
to be paid therefor, and the amount paid thereon shall be specified.

     Within a reasonable time after the issuance or transfer of uncertificated stock, the
corporation shall send to the registered owner thereof a written notice containing the information
required by the General Corporation Law of the State of Delaware or a statement that the
corporation will furnish without charge to each stockholder who so requests the powers,
designations, preferences and relative participating, optional or other special rights of each
class

-12-

 

of stock or series thereof and the qualifications, limitations or restrictions of such preferences
and/or rights.

     6.2 Transfer of Stock. Upon surrender to the corporation or the transfer agent of the
corporation of a certificate of shares duly endorsed or accompanied by proper evidence of
succession, assignation or authority to transfer, and proper evidence of compliance of other
conditions to rightful transfer, it shall be the duty of the corporation to issue a new certificate
to the person entitled thereto, cancel the old certificate and record the transaction upon its
books. Upon receipt of proper transfer instructions and proper evidence of compliance of other
conditions to rightful transfer from the registered owner of uncertificated share, such
uncertificated shares shall be canceled and issuance of new equivalent uncertificated shares or
certificated shares shall be made to the person entitled thereto and the transaction shall be
recorded upon the books of the corporation.

     6.3 Registered Stockholders. The corporation shall be entitled to recognize the exclusive
right of a person registered on its books as the owner of shares to receive dividends, and to vote
as such owner, and to hold liable for calls and assessments a person registered on its books as the
owner of shares, 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 shall have express or other
notice thereof, except as otherwise provided by the laws of Delaware.

     6.4 Lost, Stolen or Destroyed Certificates. The Board of Directors may direct that a new
certificate or certificates be issued to replace any certificate or certificates theretofore issued
by the corporation alleged to have been lost, stolen or destroyed, upon the making of an affidavit
of that fact by the person claiming the certificate of stock to be lost, stolen or destroyed. When
authorizing the issue of a new certificate or certificates, the Board of Directors may, in its
discretion and as a condition precedent to the issuance thereof, require the owner of the lost,
stolen or destroyed certificate or certificates, or his or her legal representative, to give
reasonable evidence of such loss, theft or destruction, to advertise the same in such manner as it
shall require, and/or to give the corporation a bond in such sum as it may direct as indemnity
against any claim that may be made against the corporation with respect to the certificate alleged
to have been lost, stolen or destroyed or the issuance of such new certificate.

ARTICLE 7

Certain Transactions

     7.1 Transactions with Interested Parties. 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 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

-13-

 

Board of Directors or committee thereof which authorizes the contract or transaction or solely
because the vote or votes of such director or officer are counted for such purpose, if:

     (a) the material facts as to such person’s 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
of Directors 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

     (b) the material facts as to such person’s relationship or interest and as to the contract
or transaction are disclosed or are known to the stockholders entitled to vote thereon, and the
contract or transaction is specifically approved in good faith by vote of the stockholders; or

     (c) 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 thereof, or the
stockholders.

     7.2 Quorum. 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.

ARTICLE 8

General Provisions

     8.1 Dividends. Dividends upon the capital stock of the corporation, subject to any
restrictions contained in the General Corporation Law of the State of Delaware or the provisions of
the certificate of incorporation, if any, may be declared by the Board of Directors at any regular
or special meeting or by written consent. Dividends may be paid in cash, in property or in shares
of the capital stock, subject to the provisions of the certificate of incorporation.

     8.2 Reserves. The Board of Directors may set apart out of any funds of the corporation
available for dividends a reserve or reserves for any proper purpose and may abolish any such
reserve.

     8.3 Checks. All checks or demands for money and notes of the corporation shall be signed by
such officer or officers or such other person or persons as the Board of Directors may from time to
time designate.

     8.4 Corporate Seal. The Board of Directors may, by resolution, adopt a corporate seal. The
corporate seal shall have inscribed thereon the name of the corporation, the year of its
organization and the word “Delaware.” The seal may be used by causing it or a facsimile thereof to
be impressed or affixed or otherwise reproduced. The seal may be altered from time to time by the
Board of Directors.

-14-

 

     8.5 Fiscal Year. The fiscal year of the corporation shall be fixed by resolution of the
Board of Directors.

     8.6 Execution of Corporate Contracts and Instruments. The Board of Directors, except as
otherwise provided in these bylaws, may authorize any officer or officers, or agent or agents, to
enter into any contract or execute any instrument in the name of and on behalf of the corporation;
such authority may be general or confined to specific instances. Unless so authorized or ratified
by the Board of Directors or within the agency power of an officer, no officer, agent or employee
shall have any power or authority to bind the corporation by any contract or engagement or to
pledge its credit or to render it liable for any purpose or for any amount.

     8.7 Representation of Shares of Other Corporations. The President, Chief Executive Officer
or any Vice President, the Treasurer or any Assistant Treasurer, or the Secretary or any Assistant
Secretary of this corporation is authorized to vote, represent and exercise on behalf of this
corporation all rights incident to any and all shares of any corporation or corporations standing
in the name of this corporation. The authority herein granted to said officers to vote or represent
on behalf of this corporation any and all shares held by this corporation in any other corporation
or corporations may be exercised either by such officers in person or by any other person
authorized so to do by proxy or power of attorney duly executed by said officers.

ARTICLE 9

Amendments

     The Board of Directors is expressly empowered to adopt, amend or repeal these bylaws,
provided, however, that any adoption, amendment or repeal of these bylaws by the Board of Directors
shall require the approval of at least sixty-six and two-thirds percent (66 2/3%) of the total
number of authorized directors (whether or not there exist any vacancies in previously authorized
directorships at the time any resolution providing for adoption, amendment or repeal is presented
to the Board of Directors). The stockholders shall also have power to adopt, amend or repeal these
bylaws at any regular or special meeting of stockholders, provided, however, that in addition to
any vote of the holders of any class or series of stock of this corporation required by law or by
the certificate of incorporation of this corporation, the affirmative vote of the holders of at
least seventy-five percent (75%) of the voting power of all of the then outstanding shares of the
stock of the corporation entitled to vote generally in the election of directors, voting together
as a single class, shall be required for such adoption, amendment or repeal by the stockholders of
any provisions of these bylaws and notice of such adoption, amendment or repeal shall be contained
in the notice of such meeting.

-15-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}]]