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Exhibit 10.2

GMS INC. 2020 EQUITY INCENTIVE PLAN
RESTRICTED STOCK UNIT - NOTICE OF GRANT

GMS Inc. (the “Company”), a Delaware corporation, hereby grants to the Grantee set forth below (the “Grantee”) Restricted Stock Units (the “Restricted Stock Units”), pursuant to the terms and conditions of this Notice of Grant (the “Notice”), the Restricted Stock Unit Award Agreement attached hereto as Exhibit A (the “Award Agreement”), and the GMS Inc. 2020 Equity Incentive Plan (the “Plan”).  Capitalized terms used but not defined herein shall have the meaning attributed to such terms in the Award Agreement or, if not defined therein, in the Plan, unless the context requires otherwise.  Each Restricted Stock Unit represents the right to receive one (1) Share at the time and in the manner set forth in Section 4 of the Award Agreement.

Date of Grant:    [●]

Name of Grantee:    [●]

Number of 
Restricted Stock Units:    [●] Shares

Vesting:    The Restricted Stock Units shall vest pursuant to the terms and conditions set forth in Section 3 of the Award Agreement.
Vesting 
Start Date     [●]

The Restricted Stock Units shall be subject to the execution and return of this Notice by the Grantee to the Company within 30 days of the date hereof (including by utilizing an electronic signature and/or web-based approval and notice process or any other process as may be authorized by the Company). By executing this Notice, the Grantee acknowledges that his or her agreement to the covenants set forth in Section 8 of the Award Agreement is a material inducement to the Company in granting this Award to the Grantee. 

This Notice may be executed by facsimile or electronic means (including, without limitation, PDF) and in one or more counterparts, each of which shall be considered an original instrument, but all of which together shall constitute one and the same agreement, and shall become binding when one or more counterparts have been signed by each of the parties hereto and delivered to the other party hereto.

[Signature Page Follows]

IN WITNESS WHEREOF, the parties hereto have executed this Notice of Grant as of the Date of Grant set forth above. 

GMS INC.

By:    
Name:  
Title:  

GRANTEE

By:        
Name: [●]

[Signature Page to Notice of Restricted Stock Unit Grant for the GMS Inc. 2020 Equity Incentive Plan]

Exhibit A

GMS INC.
2020 EQUITY INCENTIVE PLAN
RESTRICTED STOCK UNIT
AWARD AGREEMENT

THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (the “Award Agreement”) is entered into by and among GMS Inc. (the “Company”) and the individual set forth on the signature page to that certain Notice of Grant (the “Notice”) to which this Award Agreement is attached.  The terms and conditions of the Restricted Stock Units granted hereby, to the extent not controlled by the terms and conditions contained in the Plan, shall be as set forth in the Notice and this Award Agreement.  Capitalized terms used but not defined herein shall have the meaning attributed to such terms in the Notice or, if not defined therein, in the Plan, unless the context requires otherwise.

1.No Right to Continued Employee Status or Consultant Service 

Nothing contained in this Award Agreement shall confer upon the Grantee the right to the continuation of his or her Employee status, or, in the case of a Consultant or Director, to the continuation of his or her service arrangement, or in either case to interfere with the right of the Company or any of its Subsidiaries or other affiliates to Terminate the Grantee.

2.Term of Restricted Stock Units 

This Award Agreement shall remain in effect until the Restricted Stock Units have fully vested and been settled or been forfeited by the Grantee as provided in this Award Agreement. 

3.Vesting of Restricted Stock Units.1  

[Option 1: Subject to the remainder of this Section 3, the Restricted Stock Units will vest as to thirty three and one third percent (33.3%) on each anniversary of the Vesting Start Date, such that the Restricted Stock Units shall become fully (100%) vested as of the third anniversary of the Vesting Start Date, subject to the Grantee not having Terminated as of the applicable vesting date.] 

[Option 2: Subject to the remainder of this Section 3, the Restricted Stock Units shall become fully (100%) vested upon first anniversary of the Vesting Start Date, subject to the Grantee not having Terminated prior to such anniversary.]

Except as otherwise provided herein, if the Grantee Terminates for any reason, the portion of the Restricted Stock Units that has not vested as of such date shall terminate upon such Termination and be deemed to have been forfeited by the Grantee without consideration. 

1 2020 Plan requires vesting period of at least one year.

4.Settlement

Within thirty (30) days following the date on which any portion of the Restricted Stock Units vest pursuant to Section 3 of this Award Agreement (or Section 5, 6 or 7 of this Award Agreement, if applicable), the Company shall deliver to the Grantee one (1) Share in settlement of each Restricted Stock Unit that becomes vested on such vesting date.
 
5.Termination of Service 

Except as otherwise provided herein, if the Grantee incurs a Termination for any reason, whether voluntarily or involuntarily, then the portion of the Restricted Stock Units that have not previously vested shall terminate as of the date of the Grantee’s Termination and be deemed to have been forfeited by the Grantee without consideration. If the Grantee incurs a Termination by reason of his or her death or Disability, then the Restricted Stock Units shall be immediately vested as of the date of such Termination.  If the Grantee incurs a Termination for Cause, then the Restricted Stock Units (whether or not vested) shall be forfeited and terminate immediately without consideration upon the effective date of such Termination for Cause. 

6.Retirement of the Grantee

(a)    If the Grantee Terminates as a result of the Grantee’s Retirement and the Grantee agrees to be bound by the restrictive covenants set forth in Exhibit B attached hereto (the “Restrictive Covenants”), then the Grantee shall continue to vest in the portion of the Restricted Stock Units that were not vested as of the date of the Grantee’s Retirement for the [Option 1: three-year] [Option 2: one-year] period following Grantee’s Retirement as if the Grantee’s employment had not terminated, unless the Grantee violates any of the Restrictive Covenants.  If, in the sole discretion of the Company, the Grantee violates one of the Restrictive Covenants, then the Restricted Stock Units shall be immediately forfeited and cancelled as of the date of such violation.

For purposes of this Award Agreement, “Retirement” shall mean the Grantee’s termination of employment following attainment of age 63 or following attainment of age 60 plus 5 years of service, whichever is the first to occur.

For the avoidance of doubt, the Restrictive Covenants are separate and apart from, and shall be in addition to, any restrictive covenants the Grantee may be subject to pursuant to  another agreement or arrangement with the Company.

(b)    If the Grantee Terminates as a result of the Grantee’s Retirement and the Grantee does not agree to be bound by the Restrictive Covenants, then the portion of the Restricted Stock Units that have not previously vested shall terminate as of the date of the Grantee’s Termination and be deemed to have been forfeited by the Grantee without consideration.

7.Change in Control

(a)    If (i) a Change in Control occurs while Grantee is employed by, or otherwise providing services to, the Company or one of its Subsidiaries, and (ii) the Restricted Stock Units are not assumed by the surviving entity or otherwise equitably converted or substituted in connection with the Change in Control in a manner approved by the Committee, then, as of the effective date of the Change in Control, the Restricted Stock Units shall become immediately vested.  

(b)    If (i) a Change in Control occurs while Grantee is employed by, or otherwise providing services to, the Company or one of its Subsidiaries, (ii) the Restricted Stock Units are assumed by the surviving entity or otherwise equitably converted or substituted in connection with the Change in Control in a manner approved by the Committee, and (iii) within two (2) years after the effective date of the Change in Control, the Grantee’s employment or service is terminated by the Company or one of its Subsidiaries without Cause or, if applicable, the Grantee resigns for Good Reason (as defined herein), then as of Grantee’s Termination, the Restricted Stock Units shall be immediately vested.  For purposes of this Award Agreement, “Good Reason” shall have the meaning, if any, assigned such term in the employment, severance or similar agreement, if any, between the Grantee and the Company or one of its Subsidiaries, provided, however, that if there is no such employment, severance or similar agreement in which “Good Reason” is defined, then “Good Reason” as used herein shall not be operative and shall not apply to the Restricted Stock Units.

8.Prohibited Activities 

(a)No Sale or Transfer. Unless otherwise required by law, the Restricted Stock Units shall not be (i) sold, transferred or otherwise disposed of, (ii) pledged or otherwise hypothecated or (iii) subject to attachment, execution or levy of any kind, other than by will or by the laws of descent or distribution; provided, however, that any transferred Restricted Stock Units will be subject to all of the same terms and conditions as provided in the Plan and this Award Agreement and the Grantee’s estate or beneficiary appointed in accordance with the Plan will remain liable for any withholding tax that may be imposed by any federal, state or local tax authority.

(b)Right to Terminate Restricted Stock Units and Recovery. The Grantee understands and agrees that the Company has granted the Restricted Stock Units to the Grantee to reward the Grantee for the Grantee’s future efforts and loyalty to the Company and its affiliates by giving the Grantee the opportunity to participate in the potential future appreciation of the Company.  Accordingly, if (a) the Grantee materially violates the Grantee’s obligations relating to the non-disclosure or non-use of confidential or proprietary information under any Restrictive Agreement to which the Grantee is a party, or (b) the Grantee materially breaches or violates the Grantee’s obligations relating to non-disparagement under any Restrictive Agreement to which the Grantee is a party, or (c) the Grantee engages in any activity prohibited by this Section 8 of this Award Agreement, or (d) the Grantee materially breaches or violates any non-solicitation obligations under any Restrictive Agreement to which the Grantee is a party, or 

(e) the Grantee breaches or violates any non-competition obligations under any Restrictive Agreement to which the Grantee is a party, or (f) the Grantee is convicted of a felony against the Company or any of its affiliates, then, in addition to any other rights and remedies available to the Company, the Company shall be entitled, at its option, exercisable by written notice, to terminate the Restricted Stock Units (including the vested portion of the Restricted Stock Units) without consideration, which shall be of no further force and effect. “Restrictive Agreement” shall mean any agreement between the Company or any Subsidiary and the Grantee that contains non-competition, non-solicitation, non-hire, non-disparagement, or confidentiality restrictions applicable to the Grantee. 

(c)Other Remedies. The Grantee specifically acknowledges and agrees that its remedies under this Section 8 shall not prevent the Company or any Subsidiary from seeking injunctive or other equitable relief in connection with the Grantee’s breach of any Restrictive Agreement.  In the event that the provisions of this Section 8 should ever be deemed to exceed the limitation provided by applicable law, then the Grantee and the Company agree that such provisions shall be reformed to set forth the maximum limitations permitted. 

9.No Rights as Stockholder 

The Grantee shall have no rights as a stockholder with respect to the Shares covered by the Restricted Stock Units until the effective date of issuance of the Shares and the entry of the Grantee’s name as a shareholder of record on the books of the Company following delivery of the Shares in settlement of the Restricted Stock Units. 
 
10.Taxation Upon Settlement of the Restricted Stock Units; Tax Withholding; Parachute Tax Provisions

The Grantee understands that the Grantee will recognize income, for Federal, state and local income tax purposes, as applicable, in respect of the vesting and/or settlement of the Restricted Stock Units. The acceptance of the Shares by the Grantee shall constitute an agreement by the Grantee to report such income in accordance with then applicable law and to cooperate with Company and its subsidiaries in establishing the amount of such income and corresponding deduction to the Company and/or its subsidiaries for its income tax purposes. 

The Grantee is responsible for all tax obligations that arise as a result of the vesting and settlement of the Restricted Stock Units. The Company may withhold from any amount payable to the Grantee an amount sufficient to cover any Federal, state or local withholding taxes which may become required with respect to such vesting and settlement or take any other action it deems necessary to satisfy any income or other tax withholding requirements as a result of the vesting and settlement of the Restricted Stock Units. The Company shall have the right to require the payment of any such taxes and require that the Grantee, or the Grantee’s beneficiary, to furnish information deemed necessary by the Company to meet any tax reporting obligation as a condition to delivery of any Shares pursuant to settlement of the Restricted Stock Units. The Grantee may pay his or her withholding tax obligation in connection with the vesting and settlement of the Restricted Stock Units, by making a cash payment to the Company.  In 

addition, the Committee, in its sole discretion, may allow the Grantee, to pay his or her withholding tax obligation in connection with the vesting and settlement of the Restricted Stock Units, by (x) having withheld a portion of the Shares then issuable to him or her upon settlement of the Restricted Stock Units or (z) surrendering Shares that have been held by the Grantee prior to the settlement of the Restricted Stock Units, in each case having an aggregate Fair Market Value equal to the amount required to be withheld in accordance with applicable tax requirements, all in accordance with such procedures as the Committee approves.    

In connection with the grant of the Restricted Stock Units, the parties wish to memorialize their agreement regarding the treatment of any potential golden parachute payments as set forth in Exhibit A attached hereto.

11.Securities Laws 

Upon the acquisition of any Shares pursuant to the settlement of the Restricted Stock Units, the Grantee will make such written representations, warranties, and agreements as the Committee may reasonably request in order to comply with securities laws or with this Award Agreement. Grantee hereby agrees not to offer, sell or otherwise attempt to dispose of any Shares issued to the Grantee upon settlement of the Restricted Stock Units in any way which would: (x) require the Company to file any registration statement with the Securities and Exchange Commission (or any similar filing under state law or the laws of any other county) or to amend or supplement any such filing or (y) violate or cause the Company to violate the Securities Act, the Exchange Act, the rules and regulations promulgated thereunder, or any other Federal, state or local law, or the laws of any other country. The Company reserves the right to place restrictions on any Shares the Grantee may receive as a result of the settlement of the Restricted Stock Units. 

12.Modification, Amendment, and Termination of Restricted Stock Units 

This Award Agreement may not be modified, amended, terminated and no provision hereof may be waived in whole or in part except by a written agreement signed by the Company and the Grantee and no modification shall, without the consent of the Grantee, alter to the Grantee’s material detriment or materially impair any rights of the Grantee under this Award Agreement except to the extent permitted under the Plan. 

13.Notices 

Unless otherwise provided herein, any notices or other communication given or made pursuant to the Notice, this Award Agreement or the Plan shall be in writing and shall be deemed to have been duly given (i) as of the date delivered, if personally delivered (including receipted courier service) or overnight delivery service, with confirmation of receipt; (ii) on the date the delivering party receives confirmation, if delivered by facsimile to the number indicated or by email to the address indicated or through an electronic administrative system designated by the Company; (iii) one (1) business day after being sent by reputable commercial overnight delivery service courier, with confirmation of receipt; or (iv) three (3) business days after being mailed by 

registered or certified mail, return receipt requested, postage prepaid and addressed to the intended recipient as set forth below: 
 
If to the Company at the address below: 

    GMS Inc. 
100 Crescent Centre Parkway, Suite 800
Tucker, Georgia 30084
Phone:  (800) 392-4619
Attention:  General Counsel
 
If to the Grantee, at the most recent address, facsimile number or email contained in the Company’s records. 

14.Award Agreement Subject to Plan and Applicable Law 

This Award Agreement is made pursuant to the Plan and shall be interpreted to comply therewith. A copy of the Plan is attached hereto. Any provision of this Award Agreement inconsistent with the Plan shall be considered void and replaced with the applicable provision of the Plan. The Plan shall control in the event there shall be any conflict between the Plan, the Notice, and this Award Agreement, and it shall control as to any matters not contained in this Award Agreement. The Committee shall have authority to make constructions of this Award Agreement, and to correct any defect or supply any omission or reconcile any inconsistency in this Award Agreement, and to prescribe rules and regulations relating to the administration of this Award and other Awards granted under the Plan. 

This Award Agreement shall be governed by the laws of the State of Delaware, without regard to the conflicts of law principles thereof, and subject to the exclusive jurisdiction of the courts therein. The Grantee hereby consents to personal jurisdiction in any action brought in any court, federal or state, within the State of Delaware having subject matter jurisdiction in the matter. 

15.Section 409A

To the maximum extent permitted, the Restricted Stock Units and this Award Agreement shall be interpreted to be exempt from Section 409A of the Code or, if not exempt, in compliance therewith.  Nothing contained herein shall constitute any representation or warranty by the Company regarding compliance with Section 409A of the Code.  The Company shall have no obligation to take any action to prevent the assessment of any additional income tax, interest or penalties under Section 409A of the Code on any Person and the Company, its Subsidiaries and affiliates, and each of their respective employees and representatives, shall have no liability to the Grantee with respect thereto.

Notwithstanding anything in this Award Agreement to the contrary, to the extent that the Restricted Stock Units constitute non-exempt deferred compensation for purposes of Section 409A of the Code, the following shall apply: (i) references herein to “Change in Control” 

and “termination of employment” shall mean the description or definition of “change in control event” or “separation from service”, respectively, in Section 409A of the Code and applicable regulations; and (ii) if the Restricted Stock Units become payable by reason of the Grantee’s separation from service during a period in which the Grantee is a “specified employee” (as defined in Section 409A of the Code), then the Restricted Stock Units that would otherwise be payable during the six-month period immediately following the Grantee’s separation from service will be accumulated through and paid or provided on the first day of the seventh month following the Grantee’s separation from service.   

16.Headings and Capitalized Terms 

Unless otherwise provided herein, capitalized terms used herein that are defined in the Plan and not defined herein shall have the meanings set forth in the Plan. Headings are for convenience only and are not deemed to be part of this Award Agreement. Unless otherwise indicated, any reference to a Section herein is a reference to a Section of this Award Agreement.
 
17.Severability and Reformation 

If any provision of this Award Agreement shall be determined by a court of law of competent jurisdiction to be unenforceable for any reason, such unenforceability shall not affect the enforceability of any of the remaining provisions hereof; and this Award Agreement, to the fullest extent lawful, shall be reformed and construed as if such unenforceable provision, or part thereof, had never been contained herein, and such provision or part thereof shall be reformed or construed so that it would be enforceable to the maximum extent legally possible. 

18.Binding Effect 

This Award Agreement shall be binding upon the parties hereto, together with their personal executors, administrator, successors, personal representatives, heirs and permitted assigns. 

19.Entire Agreement 

This Award Agreement, together with the Plan, supersedes all prior written and oral agreements and understandings among the parties as to its subject matter and constitutes the entire agreement of the parties with respect to the subject matter hereof.  If there is any conflict between the Notice, this Award Agreement and the Plan, then the applicable terms of the Plan shall govern. 
 
20.Waiver 

Waiver by any party of any breach of this Award Agreement or failure to exercise any right hereunder shall not be deemed to be a waiver of any other breach or right whether or not of the same or a similar nature. The failure of any party to take action by reason of such breach or to exercise any such right shall not deprive the party of the right to take action at any time while or after such breach or condition giving rise to such rights continues. 

Exhibit A

PARACHUTE TAX PROVISIONS

This Exhibit A sets forth the terms and provisions applicable to the Grantee pursuant to the provisions of Section 10 of the Award Agreement.  This Exhibit A shall be subject in all respects to the terms and conditions of the Award Agreement.  

(a)    To the extent that the Grantee, would otherwise be eligible to receive a payment or benefit pursuant to the terms of this Award Agreement, any employment or other agreement with the Company or any Subsidiary or otherwise in connection with, or arising out of, the Grantee’s employment with the Company or a change in ownership or effective control of the Company or of a substantial portion of its assets (any such payment or benefit, a “Parachute Payment”), that a nationally recognized United States public accounting firm selected by the Company (the “Accountants”) determines, but for this sentence would be subject to excise tax imposed by Section 4999 of the Code (the “Excise Tax”), subject to clause (c) below, then the Company shall pay to the Grantee whichever of the following two alternative forms of payment would result in the Grantee’s receipt, on an after-tax basis, of the greater amount of the Parachute Payment notwithstanding that all or some portion of the Parachute Payment may be subject to the Excise Tax: (1) payment in full of the entire amount of the Parachute Payment (a “Full Payment”), or (2) payment of only a part of the Parachute Payment so that the Grantee receives the largest payment possible without the imposition of the Excise Tax (a “Reduced Payment”).

(b)    If a reduction in the Parachute Payment is necessary pursuant to clause (a), then the reduction shall occur in the following order: (1) cancellation of acceleration of vesting on any equity awards for which the exercise price exceeds the then fair market value of the underlying equity; (2) reduction of cash payments (with such reduction being applied to the payments in the reverse order in which they would otherwise be made, that is, later payments shall be reduced before earlier payments); and (3) cancellation of acceleration of vesting of equity awards not covered under (1) above; provided, however, that in the event that acceleration of vesting of equity awards is to be cancelled, acceleration of vesting of full value awards shall be cancelled before acceleration of options and stock appreciation rights and within each class such acceleration of vesting shall be cancelled in the reverse order of the date of grant of such equity awards, that is, later equity awards shall be canceled before earlier equity awards; and provided, further, that to the extent permitted by Code Section 409A and Sections 280G and 4999 of the Code, if a different reduction procedure would be permitted without violating Code Section 409A or losing the benefit of the reduction under Sections 280G and 4999 of the Code, the Grantee may designate a different order of reduction.

(c)    For purposes of determining whether any of the Parachute Payments (collectively the “Total Payments”) will be subject to the Excise Tax and the amount of such Excise Tax, (i) the Total Payments shall be treated as “parachute payments” within the meaning of Section 280G(b)(2) of the Code, and all “parachute payments” in excess of the “base amount” (as defined under Section 280G(b)(3) of the Code) shall be treated as subject to the Excise Tax, unless and except to the extent that, in the opinion of the Accountants, such Total Payments (in 

whole or in part):  (1) do not constitute “parachute payments,” including giving effect to the recalculation of stock options in accordance with Treasury Regulation Section 1.280G-1, Q&A 33, (2) represent reasonable compensation for services actually rendered within the meaning of Section 280G(b)(4) of the Code in excess of the “base amount” or (3) are otherwise not subject to the Excise Tax, and (ii) the value of any non-cash benefits or any deferred payment or benefit shall be determined by the Accountants in accordance with the principles of Section 280G of the Code.

(d)    All determinations hereunder shall be made by the Accountants, which determinations shall be final and binding upon the Company and the Grantee.

(e)    The federal tax returns filed by the Grantee (and any filing made by a consolidated tax group which includes the Company) shall be prepared and filed on a basis consistent with the determination of the Accountants with respect to the Excise Tax payable by the Grantee.  The Grantee shall make proper payment of the amount of any Excise Tax, and at the request of the Company, provide to the Company true and correct copies (with any amendments) of his or her federal income tax return as filed with the Internal Revenue Service, and such other documents reasonably requested by the Company, evidencing such payment (provided that the Grantee may delete information unrelated to the Parachute Payment or Excise Tax and provided, further that the Company at all times shall treat such returns as confidential and use such return only for purpose contemplated by this paragraph).  

(f)    In the event of any controversy with the Internal Revenue Service (or other taxing authority) with regard to the Excise Tax, the Grantee shall permit the Company to control issues related to the Excise Tax (at its expense), provided that such issues do not potentially materially adversely affect the Grantee but the Grantee shall control any other issues.  In the event that the issues are interrelated, the Grantee and the Company shall in good faith cooperate so as not to jeopardize resolution of either issue.  In the event of any conference with any taxing authority as to the Excise Tax or associated income taxes, the Grantee shall permit the representative of the Company to accompany the Grantee, and the Grantee and his representative shall cooperate with the Company and its representative.

(g)    The Company shall be responsible for all charges of the Accountants.

(h)    The Company and the Grantee shall promptly deliver to each other copies of any written communications, and summaries of any verbal communications, with any taxing authority regarding the Excise Tax covered by this Exhibit A.

(i)    Nothing in this Exhibit A is intended to violate the Sarbanes-Oxley Act of 2002 and to the extent that any advance or repayment obligation hereunder would do so, such obligation shall be modified so as to make the advance a nonrefundable payment to the Grantee and the repayment obligation null and void.

(j)    Notwithstanding the foregoing, any payment or reimbursement made pursuant to this Exhibit A shall be paid to the Grantee promptly and in no event later than the end of the 

calendar year next following the calendar year in which the related tax is paid by the Grantee or where no taxes are required to be remitted, the end of the Grantee’s calendar year following the Grantee’s calendar year in which the audit is completed or there is a final and nonappealable settlement or other resolution of the litigation.

(k)    The provisions of this Exhibit A shall survive the termination of the Grantee’s employment with the Company for any reason and the termination of the Award Agreement.

Exhibit B

RESTRICTIVE COVENANTS

This Exhibit B contains the Restrictive Covenants applicable to the Grantee if the Grantee agrees to be bound by the Restrictive Covenants as a condition to receipt of the benefits set forth in Section 6(a) of the Award Agreement.  

1.    Unauthorized Disclosure.  The Grantee agrees and understands that in the Grantee’s position with the Company, the Grantee has and shall be exposed to and has and shall receive information relating to the confidential affairs of the Company and its direct and indirect subsidiaries and affiliates (the “Company Group”), including, without limitation, technical information, intellectual property, business and marketing plans, strategies, customer information, software, other information concerning the products, promotions, development, financing, expansion plans, business policies and practices of the Company Group and other forms of information considered by the Company Group to be confidential or in the nature of trade secrets (including, without limitation, ideas, research and development, know-how, formulas, technical data, designs, drawings, specifications, customer and supplier lists, pricing and cost information and business and marketing plans and proposals) (collectively, the “Confidential Information”).  Confidential Information shall not include information that is generally known to the public or within the relevant trade or industry other than due to the Grantee’s violation of this Section 1 of Exhibit B or disclosure by a third party who is known by the Grantee to owe the Company an obligation of confidentiality with respect to such information.  The Grantee agrees that at all times during the Grantee’s employment with the Company and thereafter, the Grantee shall not disclose such Confidential Information, either directly or indirectly, to any individual, corporation, partnership, limited liability company, association, trust or other entity or organization, including a government or political subdivision or an agency or instrumentality thereof (each a “Person”) without the prior written consent of the Company and shall not use or attempt to use any such information in any manner other than in connection with the Grantee’s employment with the Company, unless required by law to disclose such information, in which case the Grantee shall provide the Company with written notice of such requirement as far in advance of such anticipated disclosure as possible.  This confidentiality covenant has no temporal, geographical or territorial restriction.  The Grantee understands and acknowledges that nothing in this section limits the Grantee’s ability to report possible violations of federal, state, or local law or regulation to any governmental agency or entity; to communicate with any government agencies or otherwise participate in any investigation or proceeding that may be conducted by any government agencies in connection with any charge or complaint, whether filed by the Grantee, on the Grantee’s behalf, or by any other individual; or to make other disclosures that are protected under the whistleblower provisions of federal, state, or local law or regulation, and the Grantee shall not need the prior authorization of the Company to make any such reports or disclosures and shall not be required to notify the Company that the Grantee has made such reports or disclosures.  In addition, and anything herein to the contrary notwithstanding, the Grantee is hereby given notice that the Grantee shall not be criminally or civilly liable under any federal or state trade secret law for disclosing a trade secret (as defined by 18 U.S.C. § 1839) in confidence to a federal, state, or 

local government official, either directly or indirectly, or to an attorney, in either event solely for the purpose of reporting or investigating a suspected violation of law; or disclosing a trade secret (as defined by 18 U.S.C. § 1839) in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.
2.    Return of Property.  Upon termination of the Grantee’s employment with the Company, the Grantee shall promptly supply to the Company all property, keys, notes, memoranda, writings, lists, files, reports, customer lists, correspondence, tapes, disks, cards, surveys, maps, logs, machines, technical data and any other tangible product or document which has been produced by, received by or otherwise submitted to the Grantee during or prior to the Grantee’s employment with the Company, and any copies thereof in the Grantee’s (or reasonably capable of being reduced to the Grantee’s) possession; provided that nothing in this Award Agreement or elsewhere shall prevent the Grantee from retaining and utilizing: documents relating to the Grantee’s personal benefits, entitlements and obligations; documents relating to the Grantee’s personal tax obligations; the Grantee’s desk calendar, rolodex, and the like; and such other records and documents as may reasonably be approved by the Company. To the extent that the Grantee has electronic files or information in the Grantee’s possession or control that belong to the Company or contain Confidential Information (specifically including but not limited to electronic files or information stored on personal computers, mobile devices, electronic media, or in cloud storage), on or prior to Grantee’s Termination, or at any other time the Company requests, the Grantee shall (i) provide the Company with an electronic copy of all of such files or information (in an electronic format that readily accessible by the Company); (ii) after doing so, delete all such files and information, including all copies and derivatives thereof, from all non-Company-owned computers, mobile devices, electronic media, cloud storage, and other media, devices, and equipment, such that such files and information are permanently deleted and irretrievable; and (iii) provide a written certification to the Company that the required deletions have been completed and specifying the files and information deleted and the media source from which they were deleted.  
3.    Non-Competition. By and in consideration of the Company’s grant of the Restricted Stock Units, and in further consideration of the Grantee’s exposure to the Confidential Information of the Company Group, the Grantee agrees that the Grantee shall not, during Grantee’s employment with the Company and for twelve (12) months following the Grantee’s Termination (the “Restriction Period”), directly or indirectly, own, manage, operate, join, control, be employed by, or participate in the ownership, management, operation or control of, or be connected in any manner with, including, without limitation, holding any position as a stockholder, director, officer, consultant, independent contractor, employee, partner, or investor in, any Restricted Enterprise (as defined below); provided, that in no event shall ownership of one percent or less of the outstanding securities of any class of any issuer whose securities are registered under the Securities Exchange Act of 1934, as amended, standing alone, be prohibited by this Section 3 of Exhibit B, so long as the Grantee does not have, or exercise, any rights to manage or operate the business of such issuer other than rights as a stockholder thereof.  For purposes of this paragraph, “Restricted Enterprise” shall mean any Person that is actively engaged in any geographic area in which any member of the Company Group operates or markets in any business which is in material competition with the business of any member of the 

Company Group.  During the Restriction Period, upon request of the Company, the Grantee shall notify the Company of the Grantee’s then-current employment status.  
4.    Non-Solicitation of Employees.  During the Restriction Period, the Grantee shall not directly or indirectly contact, induce or solicit (or assist any Person to contact, induce or solicit) for employment any person who is, or within twelve (12) months prior to the date of such solicitation was, an employee of any member of the Company Group other than an employee (a) whose employment was involuntarily terminated by a member of the Company Group after the Grantee’s Termination and (b) who has not been an employee of the Company Group for six months or longer.  The foregoing restriction shall not apply to the placement of general advertisements or other notices of employment opportunities that are not targeted, directly or indirectly, to any current or former employee of the Company otherwise covered by the scope of such restriction so long as the Grantee is not personally involved in the recruitment or hiring of any such employee subsequent to such general advertisement or other notice.
5.    Interference with Business Relationships.  During the Restriction Period (other than in connection with carrying out the Grantee’s responsibilities for the Company Group), the Grantee shall not directly or indirectly induce or solicit (or assist any Person to induce or solicit) any customer or client of any member of the Company Group to terminate its relationship or otherwise cease doing business in whole or in part with any member of the Company Group, or directly or indirectly interfere with (or assist any Person to interfere with) any material relationship between any member of the Company Group and any of their customers or clients so as to cause harm to any member of the Company Group.
6.    Extension of Restriction Period.  The Restriction Period shall be tolled for any period during which the Grantee is in breach of any of Sections 3, 4 or 5 of this Exhibit B.
7.    Proprietary Rights.  The Grantee shall disclose promptly to the Company any and all inventions, discoveries, and improvements (whether or not patentable or registrable under copyright or similar statutes), and all patentable or copyrightable works, initiated, conceived, discovered, reduced to practice, or made by the Grantee, either alone or in conjunction with others, during the Grantee’s employment with the Company and related to the business or activities of the Company Group (the “Developments”).  Except to the extent any rights in any Developments constitute a work made for hire under the U.S. Copyright Act, 17 U.S.C. § 101 et seq. that are owned ab initio by a member of the Company Group, the Grantee assigns and agrees to assign all of the Grantee’s right, title and interest in all Developments (including all intellectual property rights therein) to the Company or its nominee without further compensation, including all rights or benefits therefor, including without limitation the right to sue and recover for past and future infringement.  The Grantee acknowledges that any rights in any Developments constituting a work made for hire under the U.S. Copyright Act, 17 U.S.C § 101 et seq. are owned upon creation by the Company as the Grantee’s employer.  Whenever requested to do so by the Company, the Grantee shall execute any and all applications, assignments or other instruments which the Company shall deem necessary to apply for and obtain trademarks, patents or copyrights of the United States or any foreign country or otherwise protect the interests of the Company Group.  These obligations shall continue beyond the end of 

the Grantee’s employment with the Company with respect to inventions, discoveries, improvements or copyrightable works initiated, conceived or made by the Grantee while employed by the Company, and shall be binding upon the Grantee’s employers, assigns, executors, administrators and other legal representatives.  If the Company is unable for any reason, after reasonable effort, to obtain the Grantee’s signature on any document needed in connection with the actions described in this Section 7 of Exhibit B, the Grantee hereby irrevocably designates and appoints the Company and its duly authorized officers and agents as the Grantee’s agent and attorney in fact to act for and on the Grantee’s behalf to execute, verify and file any such documents and to do all other lawfully permitted acts to further the purposes of this Section 7 of Exhibit B with the same legal force and effect as if executed by the Grantee.
8.    Remedies.  The Grantee agrees that any breach of the terms of the Restrictive Covenants contained in this Exhibit B would result in irreparable injury and damage to the Company Group for which the Company would have no adequate remedy at law; the Grantee therefore also agrees that in the event of said breach or any threat of breach, the Company shall be entitled to an immediate injunction and restraining order to prevent such breach and/or threatened breach and/or continued breach by the Grantee and/or any and all Persons acting for and/or with the Grantee, without having to prove damages, in addition to any other remedies to which the Company may be entitled at law or in equity.  The terms of this paragraph shall not prevent the Company from pursuing any other available remedies for any breach or threatened breach hereof, including, without limitation, the recovery of damages from the Grantee.  The Grantee and the Company further agree that the provisions of the covenants contained in this Exhibit B are reasonable and necessary to protect the businesses of the Company Group because of the Grantee’s access to Confidential Information and the Grantee’s material participation in the operation of such businesses.  In the event that the Grantee willfully and materially breaches any of the covenants set forth in this Exhibit B, then in addition to any injunctive relief, the Grantee shall forfeit the unvested Restricted Stock Units in their entirety.
9.    Applicable Law; Forum Selection; Consent to Jurisdiction.  The Company and the Grantee agree that, notwithstanding anything in this Award Agreement to the contrary, this Exhibit B shall be governed by and construed and interpreted in accordance with the laws of the State of Georgia without giving effect to its conflicts of law principles.  The Grantee agrees that the exclusive forum for any action to enforce this Exhibit B, as well as any action relating to or arising out of this Exhibit B, shall be the federal and state courts of the State of Georgia.  With respect to any such court action, the Grantee hereby irrevocably submits to the personal jurisdiction of such courts.  The Company and the Grantee hereto further agree that the courts listed above are convenient forums for any dispute that may arise herefrom and that neither party shall raise as a defense that such courts are not convenient forums.  
10.    Non-Disparagement. From and after the date of grant and following the Grantee’s Termination, the Grantee agrees not to make any statement, whether direct or indirect, whether true or false, that is intended to become public, or that should reasonably be expected to become public, and that criticizes, ridicules, disparages or is otherwise derogatory of the Company, any of its subsidiaries, affiliates, employees, officers, directors or stockholders.  This Section 10 of Exhibit B shall not in any way limit any of the protected rights contained in the last two 

sentences of Section 1 of Exhibit B of this Award Agreement, or the Grantee’s ability to provide truthful testimony pursuant to a subpoena, court order or as otherwise required by law.
11.    Survival. The obligations of the Grantee under this Exhibit B shall survive the termination of this Award Agreement and the Grantee’s Termination for the periods expressly designated in this Exhibit B or, if no such period is designated, for the maximum period permissible under applicable law.Exhibit 4.1

 

AMENDED
AND RESTATED

 

BYLAWS

 

OF

 

ARTIFICIAL
INTELLIGENCE TECHNOLOGY SOLUTIONS, INC.

 

A
Nevada Corporation

 

(Adopted
August 25, 2021)

 

    	 

    	 

    

 

TABLE
OF CONTENTS

 

	 	Page
	Article I OFFICES	1
	 	 
	1.1.	Registered
    Office	1
	1.2.	Other
    Offices	1
	 	 	 
	Article II MEETINGS OF STOCKHOLDERS	1
	 	 
	2.1.	Annual
    Meetings	1
	2.2.	Special
    Meetings	1
	2.3.	Notice
    of Meetings	1
	2.4.	Remote
    Communication	2
	2.5.	Quorum	2
	2.6.	Organization	2
	2.7.	Conduct
    of Meeting	2
	2.8.	Adjournment	3
	2.9.	Voting	3
	2.10.	Required
    Vote	3
	2.11.	Proxy
    Representation	4
	2.12.	Inspection	4
	2.13.	List
    of Stockholders	4
	2.14.	Stockholders’
    Consent in Lieu of Meeting	5
	 	 	 
	Article III BOARD OF DIRECTORS	5
	 	 
	3.1.	General
    Powers	5
	3.2.	Number
    and Term of Office	5
	3.3.	Resignation,
    Removal and Vacancies.	5
	3.4.	Meetings.	6
	3.5.	Directors’
    Consent in Lieu of Meeting	7
	3.6.	Remote
    Meeting	7
	3.7.	Chairman	7
	3.8.	Committees	7
	3.9.	Compensation	7
	 	 	 
	Article IV OFFICERS	8
	 	 
	4.1.	Executive
    Officers	8
	4.2.	Other
    Officers	8
	4.3.	Resignation
    and Removal	8
	4.4.	Vacancies	8
	4.5.	The
    Chief Executive Officer	8
	4.6.	The
    President	8
	4.7.	Vice
    Presidents	8
	4.8.	Secretary	9
	4.9.	Treasurer	9

 

    	-i-

    	 

    

 

	4.10.	Assistant
    Treasurers and Assistant Secretaries	9
	4.11.	Deposits
    and Checks	9
	4.12.	Contracts
    and Other Documents	9
	4.13.	Compensation	9
	4.14.	Ownership
    of Stock of Another Corporation	10
	4.15.	Delegation
    of Duties	10
	 	 	 
	Article V STOCK	10
	 	 
	5.1.	Certificates
    of Stock	10
	5.2.	Record	10
	5.3.	Transfer
    of Stock	10
	5.4.	Addresses
    of Stockholders	10
	5.5.	Lost,
    Destroyed and Mutilated Certificates	11
	5.6.	Regulations	11
	5.7.	Dividends	11
	5.8.	Fixing
    Date for Determination of Stockholders of Record.	11
	5.9.	Registered
    Stockholders	12
	 	 	 
	Article VI EXCULPATION AND INDEMNIFICATION	12
	 	 
	6.1.	Exculpation	12
	6.2.	Right
    to Indemnification	13
	6.3.	Right
    to Advancement of Expenses	13
	6.4.	Right
    of Indemnitee to Bring Suit	13
	6.5.	Non-Exclusivity
    of Rights	14
	6.6.	Indemnification
    of Employees and Agents of the Corporation	14
	6.7.	Nature
    of Rights	14
	6.8.	Settlement
    of Claims	14
	6.9.	Subrogation	14
	6.10.	Procedures
    for Submission of Claims	14
	6.11.	Insurance	14
	 	 	 
	Article VII MISCELLANEOUS	15
	 	 
	7.1.	Amendment	15
	7.2.	Electronic
    Transmission	15
	7.3.	Corporate
    Seal	15
	7.4.	Fiscal
    Year	15
	7.5.	Notice.	15
	7.6.	Section
    Heading	15
	7.7.	Inconsistent
    Provisions, Changes in Nevada Law	15

 

    	-ii-

    	 

    

 

BYLAWS

 

OF

 

ARTIFICIAL
INTELLIGENCE TECHNOLOGY SOLUTIONS INC.

 

A
Nevada Corporation

 

Article
I

OFFICES

 

1.1.
Registered Office. The registered office of Artificial Intelligence Technology Solutions, Inc. (the “Corporation”)
shall be as designated in the Articles of Incorporation of the Corporation (the “Articles”) or as the board
of directors of the Corporation (the “Board”) may determine from time to time.

 

1.2.
Other Offices. The Corporation may, in addition to its registered office in the State of Nevada, have other offices and places
of business, both within and without the State of Nevada, as the Board may from time to time determine, or as the business and affairs
of the Corporation may require.

 

Article
II

MEETINGS
OF STOCKHOLDERS

 

2.1.
Annual Meetings. Meetings of stockholders may be held at the place, either within or without the State of Nevada, and at the time
and date as the Board will determine. The Board may, in its sole discretion, determine that the meeting will not be held at any place,
but may instead be held by means of remote communication as described in Section 2.4 of these Bylaws in accordance with Section
78.320(4) of the Nevada Revised Statutes (the “NRS”). Stockholders may act by written consent to elect directors,
provided, however, that if the consent is less than unanimous, the action by written consent may be in lieu of holding
an annual meeting only if all of the directorships to which directors could have been elected at an annual meeting held at the effective
time of the action are vacant and are filled by the action.

 

2.2.
Special Meetings. Special meetings of the stockholders, unless otherwise prescribed by statute, may be called by resolution of
the Board, the Chairman of the Board, if any, the Chief Executive Officer, or the President, and will be called by the Chief Executive
Officer, President or Secretary upon the written request of holders of at least a majority of outstanding stock entitled to vote at the
meeting. Notice of each special meeting will be given in accordance with Section 2.3 of these Bylaws. Unless otherwise permitted
by law, business transaction at any special meeting of stockholders will be limited to the purpose stated in the notice.

 

2.3.
Notice of Meetings. Whenever stockholders are required or permitted to take any action at a meeting, a written notice or electronic
transmission, in the manner provided in Sections 78.370, 78.150 of the NRS, of notice of the meeting, which will state the place, if
any, date, and time of the meeting, and the means of remote communications, if any, by which stockholders and proxyholders may be deemed
to be present in person and vote at the meeting, and, in the case of a special meeting, the purposes for which the meeting is called,
will be mailed to or transmitted electronically to each stockholder of record entitled to vote thereat. Except as otherwise provided
by law, the Articles, or these Bylaws, the notice will be given not less than ten (10) days nor more than sixty (60) days before the
date of any the meeting. If mailed, notice to Stockholders will be deemed given when deposited in the mail, postage prepaid, directed
to the stockholder at the stockholder’s address as it appears on the records of the Corporation.

 

    	-1-

    	 

    

 

2.4.
Remote Communication. For the purposes of these Bylaws, if authorized by the Board in its sole discretion, and subject to the
guidelines and procedures as the Board may adopt, stockholders and proxyholders not physically present at a meeting of stockholders may,
by means of remote communication, (a) participate in a meeting of stockholders; and (b) be deemed present in person and vote at a meeting
of stockholders whether the meeting is to be held at a designated place or solely by means of remote communication, provided,
however, that, (i) the Corporation shall implement reasonable measures to verify that each person deemed present and permitted
to vote at the meeting by means of remote communication is a stockholder or proxyholder, (ii) the Corporation shall implement reasonable
measures to provide the stockholders and proxyholders a reasonable opportunity to participate in the meeting and to vote on matters submitted
to the stockholders, including an opportunity to read or hear the proceedings of the meeting substantially concurrently with the proceedings,
and (iii) if any stockholder or proxyholder votes or takes other action at the meeting by means of remote communication, a record of
the vote or other action shall be maintained by the Corporation.

 

2.5.
Quorum. At each meeting of the stockholders, except where otherwise provided by law, the Articles or these Bylaws, the holders
of a majority of the issued and outstanding stock entitled to vote at the meeting, present in person or represented by proxy, shall constitute
a quorum for the transaction of business. When a quorum is once present to organize a meeting, the quorum is not broken by the subsequent
withdrawal of any stockholders. In the absence of a quorum, the stockholders so present may, by a majority in voting power of those stockholders,
adjourn the meeting from time to time in the manner provided in Section 2.8 of these Bylaws, until stockholders holding the requisite
amount of stock to constitute a quorum shall be present or represented. At any such adjourned meeting at which a quorum shall be present,
any business may be transacted which might have been transacted at the meeting as originally called.

 

2.6.
Organization. Unless otherwise determined by the Board, at each meeting of the stockholders, the Chairman of the Board, if one
is elected, or, in his or her absence or disability, the President, will preside at all meeting of the stockholders. The Secretary of
the Corporation will act as secretary at all meetings of the stockholders. In the absence or disability of the Secretary, the Chairman
of the Board or the President will appoint a person to act as secretary at the meetings.

 

2.7.
Conduct of Meeting. The date and time of the opening and the closing of the polls for each matter upon which the stockholders
will vote at a meeting will be announced at the meeting by the person presiding over the meeting. The Board may adopt by resolution those
rules and regulations for the conduct of the meeting of stockholders as it will deem appropriate. Except to the extent inconsistent with
the rules and regulations as adopted by the Board, the person presiding over any meeting of Stockholders will have the right and authority
to convene and to adjourn the meeting, to prescribe the rules, regulations, and procedures and to do all such acts as, in the judgment
of the presiding person, are appropriate for the proper conduct of the meeting. These rules, regulations, or procedures, whether adopted
by the Board or prescribed by the presiding person of the meeting, may include the following: (a) the establishment of an agenda or order
of business for the meeting, (b) rules and procedures for maintaining order at the meeting and the safety of those present, (c) limitations
on attendance at or participation in the meeting to stockholders of record of the Corporation, their duly authorized and constituted
proxies or such other persons as the presiding person of the meeting will determine, (d) restrictions on entry to the meeting after the
time fixed for the commencement of the meeeting, and (e) limitations on the time allotted to questions or comments by participants. The
presiding person at any meeting of stockholders, in addition to making any other determinations that may be appropriate to the conduct
of the meeting, will, if the facts warrant, determine and declare to the meeting that a matter or business was not properly brought before
the meeting and if the presiding person should so determine, the presiding person will so declare to the meeting and any such matter
or business not properly brought before the meeting will not be transacted or considered. Unless and to the extent determined by the
Board or the person presiding over the meeting, meetings of stockholders will not be required to be held in accordance with the rules
of parliamentary procedure.

 

    	-2-

    	 

    

 

2.8.
Adjournment. At any meeting of stockholders of the Corporation, whether or not a quorum is present, a majority in voting power
of the stockholders entitled to vote thereat, present in person or represented by proxy, will have the power to adjourn the meeting from
time to time without notice. Any business may be transacted at the adjourned meeting that might have been transacted at the meeting originally
noticed. If the adjournment is for more than thirty (30) days, or if after the adjournment a new record date is fixed for the adjourned
meeting, a notice of the adjourned meeting will be given to each stockholder of record entitled to vote at the meeting.

 

2.9.
Voting. Except as otherwise provided by law, the Articles, or these Bylaws, at each meeting of the stockholders, every stockholder
of the Corporation shall be entitled to one vote in person or by proxy for each share of capital stock of the Corporation held by the
stockholder and registered in his or her name on the books of the Corporation on the date fixed pursuant to Section 5.8 of these
Bylaws as the record date for the determination of stockholders entitled to vote at the meeting. Persons holding stock in a fiduciary
capacity shall be entitled to vote the shares so held. A person whose stock is pledged shall be entitled to vote, unless, in the transfer
by the pledgor on the books of the Corporation, he or she has expressly empowered the pledgee to vote thereon, in which case only the
pledgee or his or her proxy may represent the stock and vote thereon. If shares or other securities having voting power stand in the
record of two or more persons, whether fiduciaries, members of a partnership, joint tenants, tenants in common, tenants by the entirety
or otherwise, or if two or more persons have the same fiduciary relationship respecting the same shares, unless the Secretary shall be
given written notice to the contrary and furnished with a copy of the instrument or order appointing them or creating the relationship
wherein it is so provided, their acts with respect to voting shall have the following effect:

 

	 	(a)	if
    only one votes, his or her act binds all;
	 	 	 
	 	(b)	if
    more than one votes, the act of the majority so voting binds all; and
	 	 	 
	 	(c)	if
    more than one votes, but the vote is evenly split on any particular matter, the shares shall be voted in the manner provided by law.

 

If
the instrument so filed shows that any such tenancy is held in unequal interests, a majority or even-split for the purposes of this Section
2.9 shall be a majority or even-split in interest. The Corporation shall not vote directly or indirectly any share of its own capital
stock.

 

2.10.
Required Vote. All elections of directors will be determined by a majority of the votes cast, and except as otherwise required
by law, the Articles or these Bylaws, all other matters will be determined by a majority of the votes cast. Unless determined by the
Chairman of the meeting to be advisable, the vote on any matter, including the election of directors, need not be by written ballot.
Upon a demand by any such stockholder for a vote by ballot upon any question, the vote by ballot shall be taken. On a vote by ballot,
each ballot shall state the number of shares voted and shall be (i) signed by the stockholder voting, or by his or her proxy, if there
be such proxy, or (ii) submitted by electronic transmission, provided that any such electronic transmission must either set forth or
be submitted with information from which it can be determined that the electronic transmission was authorized by the stockholder or proxyholder.

 

    	-3-

    	 

    

 

2.11.
Proxy Representation. Any vote of stock may be given by the stockholder entitled thereto in person or by his or her proxy appointed
by an instrument in writing or by electronic transmission, subscribed by the stockholder or by his or her attorney thereunto authorized,
delivered to the secretary of the meeting; provided, however, that no proxy shall be voted after three (3) years from its date, unless
said proxy provides for a longer period. A proxy will be irrevocable if it 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. A stockholder may revoke any proxy which is not irrevocable
by attending the meeting and voting in person or by delivering to the Secretary of the Corporation a revocation of the proxy or a new
proxy bearing a later date.

 

2.12.
Inspection. The chairman of the meeting may at any time appoint one or more inspectors to serve at any meeting of the stockholders.
Any inspector may be removed, and a new inspector or inspectors appointed, by the Board at any time. The inspectors shall decide upon
the qualifications of voters, accept and count votes, declare the results of the vote, and subscribe and deliver to the secretary of
the meeting a certificate stating the number of shares of stock issued and outstanding and entitled to vote thereon and the number of
shares voted for and against the question, respectively. The inspectors need not be stockholders of the Corporation, and any director
and/or officer of the Corporation may be an inspector on any question other than a vote for or against his or her election to any position
with the Corporation or on any other matter in which he or she may be directly interested. Before acting as provided in this section,
each inspector shall subscribe an oath faithfully to execute the duties of an inspector with strict impartiality and according to the
best of his or her ability.

 

2.13.
List of Stockholders. It shall be the duty of the Secretary or other officer of the Corporation who shall have charge of its stock
ledger to prepare and make, at least ten (10) days before every meeting of the stockholders, a complete list of the stockholders entitled
to vote thereat, arranged in alphabetical order, and showing the address of each stockholder and the number of shares registered in the
name of each stockholder. The list shall be open to the examination of any stockholder, for any purpose germane to any such meeting for
a period of at least ten (10) days prior to the meeting: (a) on a reasonably accessible electronic network, provided that the information
required to gain access to the list is provided with the notice of the meeting, or (b) during ordinary business hours at the principal
place of business of the Corporation. If the meeting is held at a place other than the principal place of business, then the list shall
be produced and kept at the time and place of the meeting during the whole time of the meeting, and may be inspected by any stockholder
who is present. If the meeting is to be held solely by means of remote communication, then the list shall be open to the examination
of any stockholder during the whole time of the meeting on a reasonably accessible electronic network, and the information required to
gain access to the list shall be provided with the notice of the meeting.

 

    	-4-

    	 

    

 

2.14.
Stockholders’ Consent in Lieu of Meeting. Unless otherwise restricted by law, the Articles, or these Bylaws, any action
required by the NRS to be taken at any annual or special meeting of the stockholders of the Corporation, or any action which may be taken
at any annual or special meeting of the stockholders, may be taken without a meeting, without prior notice and without a vote, if a consent
or consents in writing, setting forth the action so taken, will be signed by the holders of outstanding stock having not less than the
minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon
were present and voted and will be delivered to the Corporation by delivery to its registered office in Nevada, its principal place of
business, or an officer or agent of the Corporation having custody of the book in which proceedings of meetings of stockholders are recorded.
Delivery made to the Corporation’s registered office will be made by hand or by certified or registered mail, return receipt requested.

 

(a)
Every written consent will bear the date of signature of each stockholder who signs the consent and no written consent will be effective
to take the corporate action referred to in the written consent unless, within sixty (60) days of the date the earliest dated consent
is delivered to the Corporation, a written consent or consents signed by a sufficient number of holders to take action are delivered
to the Corporation in the manner prescribed in the first paragraph of this Section 2.14. A telegram, cablegram, or other electronic
transmission consenting to an action to be taken and transmitted by a stockholder or proxyholder, or by a person or persons authorized
to act for a stockholder or proxyholder, will be deemed to be written, signed, and dated for the purposes of these Bylaws to the extent
permitted by law. Any such consent will be delivered in accordance with Section 78.320 of the NRS. Prompt notice of the taking of the
corporate action without a meeting by less than unanimous written consent will be given to those stockholders who have not consented
in writing or electronic transmission and who, if the action had been taken at a meeting, would have been entitled to notice of the meeting
if the record date of the meeting had been the date that written consents signed by a sufficient number of stockholders to take the action
were delivered to the Corporation as provided by law.

 

(b)
Any copy, facsimile, or other reliable reproduction of a consent in writing may be substituted or used in lieu of the original writing
for any and all purposes for which the original writing could be used, provided that the copy, facsimile, or other reproduction
will be a complete reproduction of the entire original writing.

 

Article
III

BOARD
OF DIRECTORS

 

3.1.
General Powers. The business, property and affairs of the Corporation shall be managed by or under the direction of the Board,
which may exercise all such powers of the Corporation and do all such lawful acts and things as are not by law, the Articles, or these
Bylaws directed or required to be exercised or done by the stockholders.

 

3.2.
Number and Term of Office. The number of directors shall initially be one (1) and thereafter as determined from time to time by
resolution of the Board. The Board will be elected by the stockholders at their annual meeting. Each director shall be elected to serve
until his or her successor is elected and qualified, or until his or her earlier death or resignation or removal in the manner hereinafter
provided. Directors need not be stockholders of the Corporation.

 

3.3.
Resignation, Removal and Vacancies.

 

(a)
Resignation. Any director may resign at any time by delivering notice in writing or by electronic transmission to the Board, the
Chairman of the Board, the Chief Executive Officer, the President or the Secretary of the Corporation. The resignation shall take effect
at the time specified in the resignation or, if the time be not specified, upon receipt of the resignation. Unless otherwise specified
in the resignation, the acceptance of the resignation shall not be necessary to make it effective.

 

    	-5-

    	 

    

 

(b)
Removal. Any director or the entire Board may be removed, with or without cause, at any time by the affirmative vote of the holders
of a majority of the shares then entitled to vote for the election of directors at any annual or special meeting of the stockholders
called for that purpose or by written consent of the stockholders as permitted by law.

 

(c)
Newly Created Directorships and Vacancies. Unless otherwise provided by law or in the Articles, any newly created directorships
or any vacancy occurring on the Board for any reason may be filled by a majority of the remaining members of the Board, although the
majority is less than a quorum, or by a plurality of the votes cast at a meeting of stockholders. Each director so elected will hold
office until the expiration of the term of office of the director whom he or she has replaced or until his or her successor is elected
and qualified.

 

3.4.
Meetings.

 

(a)
Annual Meetings. As soon as practicable after each annual meeting of stockholders, the Board shall meet for the purpose of organization
and the transaction of other business.

 

(b)
Other Meetings. Other meetings of the Board shall be held at the times and places as the Board shall from time to time determine.

 

(c)
Special Meetings. Special meetings of the Board shall be held whenever called by any director at the time and place, within or
without the State of Nevada, as the director shall designate in the notice of the special meeting.

 

(d)
Notice of Meetings. Except as provided by law, notice of regular meetings need not be given. Notice shall be given to each director
of each special meeting, including the time and place of the meeting. Neither the business to be transacted at, nor the purpose of, any
special meeting need be specified in the notice or waiver of notice of the meeting. Notice of each meeting of the Board shall be given,
either personally or as hereinafter provided, to each director at least twenty-four (24) hours before the date on which the meeting is
to be held if the notice is delivered personally or by means of telephone, e-mail or other electronic transmission. A waiver of notice
in writing or by electronic transmission, signed by the person entitled thereto, whether before or after the time of the meeting stated
in the waiver of notice, shall be deemed equivalent to notice.

 

(e)
Place of Meetings. The Board may hold its meetings at the place or places within or outside the State of Nevada as the Board may
from time to time determine, or as shall be designated in the respective notices or waivers of notice of meeting.

 

(f)
Quorum and Manner of Acting. A majority of the total number of directors will constitute a quorum for the transaction of business
at the meeting. The vote of a majority of those directors present at any such meeting at which a quorum is present shall be necessary
for the passage of any resolution or act of the Board, except as otherwise expressly required by law or these Bylaws. In the absence
of a quorum for any such meeting, a majority of the directors present thereat may adjourn the meeting from time to time until a quorum
shall be present. Notice of the adjourned meeting need not be given if the time and place of the adjourned meeting are announced at the
meeting so adjourned.

 

(g)
Organization. At each meeting of the Board, one of the following shall act as chairman of the meeting and preside thereat, in
the following order of precedence: (i) the Chairman; (ii) the President (if a director); or (iii) any other director designated by a
majority of the directors present. The Secretary or, in the case of his or her absence, an Assistant Secretary, if an Assistant Secretary
has been appointed and is present, or any person whom the chairman of the meeting shall appoint shall act as secretary of the meeting
and keep the minutes of the meeting.

 

    	-6-

    	 

    

 

3.5.
Directors’ Consent in Lieu of Meeting. Unless otherwise restricted by the Articles, any action required or permitted to
be taken at any meeting of the Board may be taken without a meeting, without prior notice and without a vote, if each of the directors
consents thereto in writing or by electronic transmission. Any such consent in writing shall be inserted in the minutes of the proceedings
of the Board. The filing shall be in paper form if the minutes are maintained in paper form and shall be in electronic form if the minutes
are maintained in electronic form.

 

3.6.
Remote Meeting. Unless otherwise restricted by the Articles, any one or more members of the Board may participate in a meeting
of the Board by means of conference telephone or other communications equipment by which all persons participating in the meeting can
hear each other, and participation in a meeting by such means shall constitute presence in person at the meeting. Participation in such
a meeting shall constitute presence in person at the meeting, except where a person participates in the meeting for the express purpose
of objecting to the transaction of any business on the ground that the meeting is not lawfully called or convened.

 

3.7.
Chairman. The Board may, in its discretion, choose a Chairman of the Board from among the directors on the Board who will preside
at all meetings of the stockholders and of the Board. The Chairman will have the other powers and will perform the other duties as shall
be designated by the Board. The Chairman shall serve until a successor is chosen and qualified, but may be removed at any time by the
affirmative vote of a majority of the Board.

 

3.8.
Committees. The Board may, by resolution, designate one or more committees, each such committee to consist of one or more of the
directors of the Corporation. The Board may designate one or more directors as alternate members of any committee to replace any absent
or disqualified member at any meeting of the committee. In the absence or disqualification of a member of a committee, the member or
members present at any meeting and not disqualified from voting, whether or not he, she, or they constitute a quorum, may unanimously
appoint another member of the Board to act at the meeting in the place of any such absent or disqualified member. Any such committee,
to the extent provided in the resolution of the Board establishing the committee, will have and may exercise all the powers and authority
of the Board in the management of the business and affairs of the Corporation, and may authorize the seal of the Corporation to be affixed
to all papers which may require it, but no such committee will have the power or authority in reference to the following matters: (a)
approving or adopting, or recommending to the stockholders, any action or matter (other than the election or removal of directors) expressly
required by the NRS to be submitted to stockholders for approval, or (b) adopting, amending, or repealing any bylaw of the Corporation.
All committees of the Board will keep minutes of their meetings and will report their proceedings to the Board when requested or required
by the Board.

 

3.9.
Compensation. The Board will have the authority to fix the compensation of directors for their services. In addition, as determined
by the Board, directors may be reimbursed by the Corporation for their expenses, if any, in the performance of their duties as directors.
A director may also serve the Corporation in other capacities and receive compensation therefor.

 

    	-7-

    	 

    

 

Article
IV

OFFICERS

 

4.1.
Executive Officers. The officers of the Corporation will be elected by the Board and will be a President and a Secretary. The
Board may also elect a Chief Executive Officer, one or more Vice Presidents, including any Executive Vice President, any Senior Vice
President, or any Assistant Vice Presidents, a Treasurer, one or more Assistant Secretaries and one or more Assistant Treasurers, and
the other officers and agents as the Board may deem desirable. Any two or more offices may be held by the same person. No officer or
agent need be a stockholder, a director, a resident of the State of Nevada, or a citizen of the United States.

 

4.2.
Other Officers. The Corporation may have the other officers, agents and employees as the Board may deem advisable, who will hold
their office for the terms and will exercise and perform such powers and duties as will be determined from time to time by the Board.

 

4.3.
Resignation and Removal. Any officer may resign at any time by giving written notice to the Board, the Chief Executive Officer,
the President, or the Secretary. The resignation shall take effect at the time specified in the resignation or, if the time be not specified,
at the time it is accepted by action of the Board. Except as aforesaid, the acceptance of the resignation shall not be necessary to make
it effective. All officers and agents elected or appointed by the Board shall be subject to removal at any time by the Board with or
without cause.

 

4.4.
Vacancies. The Board will have power to fill vacancies occurring in any office.

 

4.5.
The Chief Executive Officer. The Chief Executive Officer, if there is one, shall have general supervision of the affairs of the
Corporation, subject to the policies and direction of the Board, and shall appoint, supervise and direct all of the officers and employees
of the Corporation but may delegate in his or her discretion any of his or her powers to any officer or the other executives as he or
she may designate. The Chief Executive Officer may execute, on behalf of the Corporation, contracts and agreements (i) in the ordinary
course of the Corporation’s business, or (ii) the execution of which has been authorized by the Board. In the absence of the Chairman
or during any disability on the part of the Chairman to act, the Chief Executive Officer shall preside at all meetings of the stockholders
and the Board, and shall perform the other duties as the Board may bestow upon him or her.

 

4.6.
The President. The President, if there is no Chief Executive Officer, shall be the chief executive officer of the Corporation
and shall have the powers described above attributable to the Chief Executive Officer. If the Corporation has a Chief Executive Officer,
the President, subject to the control of the Chief Executive Officer or the Board as determined by the Board, shall have general and
active management and control of the business and affairs of the Corporation, and shall see that all orders and resolutions of the Board
are carried into effect. The President shall from time to time make the reports of the affairs of the Corporation as the Board may require
and shall perform the other duties as the Board may from time to time determine. Except as the Board will otherwise authorize, the President
will execute bonds, mortgages, and other contracts on behalf of the Corporation, and will cause the seal to be affixed to any instrument
requiring it and, when so affixed, the seal will be attested by the signature of the Secretary, an Assistant Secretary, the Treasurer
or an Assistant Treasurer.

 

4.7.
Vice Presidents. Each Vice President, if any is elected, of whom one or more may be designated an Executive Vice President or
a Senior Vice President, will have the powers and will perform the duties as will be assigned to him or her by the Chief Executive Officer,
President or the Board.

 

    	-8-

    	 

    

 

4.8.
Secretary. The Secretary shall, to the extent practicable, attend all meetings of the Board and all meetings of the stockholders
and shall record all votes and the minutes of all proceedings in a book to be kept for that purpose. He or she may give, or cause to
be given, notice of all meetings of the stockholders and of the Board, and shall perform the other duties as may be prescribed by the
Board, the Chief Executive Officer, or the President, under whose supervision he or she shall act. He or she shall keep in safe custody
the seal of the Corporation and affix the same to any duly authorized instrument requiring it and, when so affixed, it shall be attested
by his or her signature or by the signature of the Treasurer or, if appointed, an Assistant Secretary or an Assistant Treasurer. He or
she shall keep in safe custody the certificate books and stockholder records and the other books and records as the Board may direct,
and shall perform all other duties incident to the office of Secretary and the other duties as from time to time may be assigned to him
or her by the Board, the Chief Executive Officer, or the President.

 

4.9.
Treasurer. The Treasurer shall have the care and custody of the corporate funds and other valuable effects, including securities,
shall keep full and accurate accounts of receipts and disbursements in books belonging to the Corporation and shall deposit all moneys
and other valuable effects in the name and to the credit of the Corporation in the depositories as may be designated by the Board. The
Treasurer shall disburse the funds of the Corporation as may be ordered by the Board, taking proper vouchers for the disbursements, shall
render to the Chief Executive Officer, President and directors, at the regular meetings of the Board, or whenever they may require it,
an account of all his or her transactions as Treasurer and of the financial condition of the Corporation and shall perform all other
duties incident to the office of Treasurer and the other duties as from time to time may be assigned to him or her by the Board, the
Chief Executive Officer, or the President.

 

4.10.
Assistant Treasurers and Assistant Secretaries. Each Assistant Treasurer and each Assistant Secretary, if any is elected, will
be vested with all the powers and will perform all the duties of the Treasurer and Secretary, respectively, in the absence or disability
of the officer, unless or until the Board will otherwise determine. In addition, Assistant Treasurers and Assistant Secretaries will
have the powers and will perform the duties as will be assigned to them by the Board, the Chief Executive Officer or the President.

 

4.11.
Deposits and Checks. All funds of the Corporation not otherwise employed shall be deposited from time to time to the credit of
the Corporation or otherwise as the Board or Treasurer, or any other officer of the Corporation to whom power in this respect shall have
been given by the Board, shall select. All checks or other orders for the payment of money will be signed by the Chief Executive Officer,
President, or the Treasurer or the other person or agent as may from time to time be authorized and with the countersignature, if any,
as may be required by the Board.

 

4.12.
Contracts and Other Documents. The Chief Executive Officer, President, or Treasurer, or such other officer or officers or agent
or agents as may from time to time be authorized by the Board or any other committee given specific authority by the Board during the
intervals between the meetings of the Board, will have power to sign and execute on behalf of the Corporation deeds, conveyances, and
contracts, and any and all other documents requiring execution by the Corporation.

 

4.13.
Compensation. The compensation of the officers of the Corporation will be fixed from time to time by the Board (subject to any
employment agreements that may then be in effect between the Corporation and the relevant officer). None of the officers will be prevented
from receiving such compensation by reason of the fact that he or she is also a director of the Corporation. Nothing contained in this
section will preclude any officer from serving the Corporation, or any subsidiary, in any other capacity and receiving such compensation
by reason of the fact that he or she is also a director of the Corporation.

 

    	-9-

    	 

    

 

4.14.
Ownership of Stock of Another Corporation. The Board shall designate the officers of the Corporation who shall have authority
from time to time to appoint an agent or agents of the Corporation to exercise in the name and on behalf of the Corporation the powers
and rights which the Corporation may have as the holder of stock or other securities in any other corporation, and to vote or consent
with respect to such stock or securities. The designated officers may instruct the person or persons so appointed as to the manner of
exercising the powers and rights, and the designated officers may execute or cause to be executed in the name and on behalf of the Corporation
and under its corporate seal or otherwise, the written proxies, powers of attorney or other instruments as they may deem necessary or
proper in order that the Corporation may exercise its powers and rights.

 

4.15.
Delegation of Duties. In the absence, disability, or refusal of any officer to exercise and perform his or her duties, the Board
may delegate to another officer the powers or duties.

 

Article
V

STOCK

 

5.1.
Certificates of Stock. Every owner of stock of the Corporation shall be entitled to have a certificate certifying the number and
class or series of shares owned by him or her in the Corporation, which shall be in the form as shall be prescribed by the Board. Certificates
shall be numbered and issued in consecutive order and shall be signed by, or in the name of, the Corporation by the Chief Executive Officer,
President or any Vice President, and by the Treasurer (or an Assistant Treasurer, if appointed) or the Secretary (or an Assistant Secretary,
if appointed). In case any officer or officers who shall have signed any such certificate or certificates shall cease to be an officer
or officers of the Corporation, whether because of death, resignation or otherwise, before the certificate or certificates shall have
been delivered by the Corporation, the certificate or certificates may nevertheless be adopted by the Corporation and be issued and delivered
as though the person or persons who signed the certificate had not ceased to be such officer or officers of the Corporation. Any or all
of the signatures on the certificate may be a facsimile. The Board will have the power to appoint one or more transfer agents and/or
registrars for the transfer or registration of certificates of stock of any class, and may require stock certificates to be countersigned
or registered by one or more of the transfer agents and/or registrars.

 

5.2.
Record. A record in one or more counterparts shall be kept of the name of the person, firm or corporation owning the shares represented
by each certificate for stock of the Corporation issued, the number of shares represented by each such certificate, the date of the certificate,
and, in the case of cancellation, the date of cancellation. Except as otherwise expressly required by law, the person in whose name shares
of stock stand on the stock record of the Corporation shall be deemed the owner of those shares of stock for all purposes regarding the
Corporation.

 

5.3.
Transfer of Stock. Shares of stock of the Corporation will be transferable upon its books by the holders of the shares of stock,
in person or by their duly authorized attorneys or legal representatives, upon surrender and delivery to the Corporation of the certificate
representing the shares and a duly executed instrument authorizing transfer of the shares, if certificated, or delivery of a duly executed
instrument authorizing transfer of the shares, if uncertificated, to the person in charge of the stock and transfer books and ledgers.
If certificated, the certificates will be cancelled and new certificates will thereupon be issued. A record will be made of each transfer.
Whenever any transfer of shares will be made for collateral security, and not absolutely, it will be so expressed in the entry of the
transfer if, when the certificates are presented, both the transferor and transferee request the Corporation to do so. The Board will
have power and authority to make such rules and regulations as it may deem necessary or proper concerning the issue, transfer and registration
of certificates for shares of stock of the Corporation.

 

    	-10-

    	 

    

 

5.4.
Addresses of Stockholders. Each stockholder shall designate to the Secretary the addresses at which notices of meetings and all
other corporate notices may be served or delivered to him or her by mail or by electronic transmission, and, if any stockholder shall
fail to designate the address, corporate notices may be served upon him or her by mail directed to him or her at his or her post-office
address, if any, as the same appears on the share record books of the Corporation or at his or her last known post-office address.

 

5.5.
Lost, Destroyed and Mutilated Certificates. The holder of any shares of the Corporation shall immediately notify the Corporation
of any loss, destruction or mutilation of the certificate therefor, and the Board may, in its discretion, cause to be issued to him or
her a new certificate or certificates for the shares, upon the surrender of the mutilated certificates or, in the case of loss or destruction
of the certificate, upon satisfactory proof of the loss or destruction, and the Board may, in its discretion, require the owner of the
lost or destroyed certificate or his or her legal representative to give the Corporation a bond in the sum and with the surety or sureties
as it may direct to indemnify the Corporation against any claim that may be made against it on account of the alleged loss or destruction
of any such certificate.

 

5.6.
Regulations. The Board may make such rules and regulations as it may deem expedient, not inconsistent with these Bylaws, concerning
the issue, transfer and registration of certificates for stock of the Corporation.

 

5.7.
Dividends. Subject to the provisions of the Certificate, the Board may at any regular or special meeting, declare dividends upon
the stock of the Corporation either (a) out of its surplus, as defined in and computed in accordance with Section 78.215 of the NRS,
or (b) in case there will be no such surplus, out of its net profits for the fiscal year in which the dividend is declared and/or the
preceding fiscal year. Before the declaration of any dividend, the Board may set apart, out of any funds of the Corporation available
for dividends, the sum or sums as from time to time in its discretion may be deemed proper for working capital or as a reserve fund to
meet contingencies or for such other purposes as will be deemed conducive to the interests of the Corporation.

 

5.8.
Fixing Date for Determination of Stockholders of Record.

 

(a)
In order that the Corporation may determine the stockholders entitled to notice of or to vote at any meeting of stockholders or any adjournment
of the meeting, 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 be not more than sixty (60) nor less than ten (10) days before the date of
the 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 at 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; provided,
however, that the Board may fix a new record date for the adjourned meeting.

 

    	-11-

    	 

    

 

(b)
In order that the Corporation may determine the stockholders entitled to consent to corporate action in writing without a meeting, 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 date shall be not more than ten (10) days after the date upon which the resolution fixing the record date is
adopted by the Board. If no record date has been fixed by the Board, the record date for determining stockholders entitled to consent
to corporate action in writing without a meeting, when no prior action by the Board is required by the NRS, shall be the first date on
which a signed written consent setting forth the action taken or proposed to be taken is delivered to the Corporation by delivery to
its registered office in this State, its principal place of business or an officer or agent of the Corporation having custody of the
book in which proceedings of meetings of stockholders are recorded. Delivery made to the Corporation’s registered office shall
be by hand or by certified or registered mail, return receipt requested. If no record date has been fixed by the Board and prior action
by the Board is required by the NRS, the record date for determining stockholders entitled to consent to corporate action in writing
without a meeting shall be at the close of business on the day on which the Board adopts the resolution taking the prior action.

 

(c)
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 sixty (60) days prior to the 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.

 

5.9.
Registered Stockholders. Prior to the surrender to the Corporation of the certificate or certificates for a share or shares of
stock with a request to record the transfer of the share or shares, the Corporation may treat the registered owner as the person entitled
to receive dividends, to vote, to receive notifications, and otherwise to exercise all the rights and powers of an owner. Except as otherwise
required by law, the Corporation will not be bound to recognize any equitable or other claim to or interest in the share or shares on
the part of any other person, whether or not it will have express or other notice of the claim.

 

Article
VI

EXCULPATION
AND INDEMNIFICATION

 

6.1.
Exculpation. As provided in the Articles, to the fullest extent permitted by the NRS as the same exists or may hereafter be amended,
a director of this Corporation shall not be personally liable to the Corporation or its stockholders for breach of fiduciary duty as
a director.

 

    	-12-

    	 

    

 

6.2.
Right to Indemnification. Each person who was or is made a party or is threatened to be made a party to 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 is or was a director, officer or employee of the Corporation or is or was serving at the request
of the Corporation as a director, officer or employee of another corporation or of a partnership, joint venture, trust or other enterprise,
including service with respect to an employee benefit plan (an “indemnitee”), whether the basis of the proceeding
is alleged action in an official capacity while serving as a director, officer or employee or in any other capacity while serving as
a director, officer or employee, shall be indemnified and held harmless by the Corporation to the fullest extent authorized by the NRS,
as the same exists or may hereafter be amended (but, in the case of any such amendment, only to the extent that the amendment permits
the Corporation to provide broader indemnification rights than permitted prior thereto), against all expense, liability and loss (including
attorneys’ fees, judgments, fines, excise taxes or amounts paid in settlement) reasonably incurred or suffered by the indemnitee
in connection therewith and the indemnification shall continue as to an indemnitee who has ceased to be a director, officer or employee
and shall inure to the benefit of the indemnitee’s heirs, testators, intestates, executors and administrators; provided,
however, that the person acted in good faith and in a manner he or she reasonably believed to be in, or not opposed to, the best
interests of the Corporation, and with respect to a criminal action or proceeding, had no reasonable cause to believe his or her conduct
was unlawful; provided further, however, that no indemnification shall be made in the case of an action, suit or proceeding
by or in the right of the Corporation in relation to matters as to which it shall be adjudged in the action, suit or proceeding that
the director, officer, employee or agent is liable to the Corporation, unless a court having jurisdiction shall determine that, despite
the adjudication, the person is fairly and reasonably entitled to indemnification; provided further, however, that, except
as provided in Section 6.4 with respect to proceedings to enforce rights to indemnification, the Corporation shall indemnify any
such indemnitee in connection with a proceeding (or part of the proceeding) initiated by the indemnitee only if the proceeding (or part
of the proceeding) initiated by the indemnitee was authorized or ratified by the Board.

 

6.3.
Right to Advancement of Expenses. In addition to the right to indemnification conferred in Section 6.2, an indemnitee will,
to the fullest extent not prohibited by law, also have the right to be paid by the Corporation the expenses (including attorneys’
fees) incurred in defending any such proceeding in advance of its final disposition (an “advancement of expenses”),
provided, however, that, if the NRS requires, an advancement of expenses incurred by an indemnitee in his or her capacity as a director
or officer (and not in any other capacity in which service was or is rendered by the indemnitee, including service to an employee benefit
plan) will be made only upon delivery to the Corporation of an undertaking (an “undertaking”), by or on behalf
of the indemnitee, to repay all amounts so advanced if it will ultimately be determined by final judicial decision from which there is
no further right to appeal (a “final adjudication”) that the indemnitee is not entitled to be indemnified for
such expenses under this Article VI or otherwise.

 

6.4.
Right of Indemnitee to Bring Suit. If a claim under Section 6.2 or 6.3 is not paid in full by the Corporation within
sixty (60) days after a written claim has been received by the Corporation, except in the case of a claim for an advancement of expenses,
in which case the applicable period shall be twenty (20) days, the indemnitee may at any time thereafter bring suit against the Corporation
to recover the unpaid amount of the claim. If successful in whole or in part in any such suit, or in a suit brought by the Corporation
to recover an advancement of expenses pursuant to the terms of any undertaking, the indemnitee shall be entitled to be paid also the
expense of prosecuting or defending the suit. In (a) any suit brought by the indemnitee to enforce a right to indemnification hereunder
(but not in a suit brought by the indemnitee to enforce a right to an advancement of expenses) it shall be a defense that, and (b) in
any suit by the Corporation to recover an advancement of expenses pursuant to the terms of an undertaking the Corporation shall be entitled
to recover such expenses upon a final adjudication that, the indemnitee has not met the applicable standard of conduct set forth in the
NRS. Neither the failure of the Corporation (including the Board, independent legal counsel, or the stockholders) to have made a determination
prior to the commencement of the suit that indemnification of the indemnitee is proper in the circumstances because the indemnitee has
met the applicable standard of conduct set forth in the NRS, nor an actual determination by the Corporation (including the Board, independent
legal counsel, or the stockholders) that the indemnitee has not met the applicable standard of conduct, shall create a presumption that
the indemnitee has not met the applicable standard of conduct or, in the case of such a suit brought by the indemnitee, be a defense
to the suit. In any suit brought by the indemnitee to enforce a right to indemnification or to an advancement of expenses hereunder,
or by the Corporation to recover an advancement of expenses pursuant to the terms of an undertaking, the burden of proving that the indemnitee
is not entitled to be indemnified, or to the advancement of expenses, under this Article VI or otherwise shall be on the Corporation.

 

    	-13-

    	 

    

 

6.5.
Non-Exclusivity of Rights. The rights to indemnification and to the advancement of expenses conferred in this Article VI
shall not be exclusive of any other right which any person may have or hereafter acquire under any statute, the Articles, agreement,
vote of stockholders, or these Bylaws or otherwise.

 

6.6.
Indemnification of Employees and Agents of the Corporation. The Corporation may, to the extent authorized from time to time by
the Board, grant rights to indemnification and to the advancement of expenses to any employee or agent of the Corporation to the fullest
extent of the provisions of this Article VI with respect to the indemnification and advancement of expenses of directors and officers
of the Corporation.

 

6.7.
Nature of Rights. The rights conferred upon indemnitees in this Article VI will be contract rights and the rights will
continue as to an indemnitee who has ceased to be a director, officer, or trustee and will inure to the benefit of the indemnitee’s
heirs, executors, and administrators. Any amendment, alteration, or repeal of this Article VI that adversely affects any right
of an indemnitee or its successors will be prospective only and will not limit or eliminate any such right with respect to any proceeding
involving any occurrence or alleged occurrence of any action or omission to act that took place prior to the amendment, alteration, or
repeal.

 

6.8.
Settlement of Claims. The Corporation will not be liable to indemnify any indemnitee under this Article VI for any amounts
paid in settlement of any action or claim effected without the Corporation’s written consent, which consent will not be unreasonably
withheld, or for any judicial award if the Corporation was not given a reasonable and timely opportunity, at its expense, to participate
in the defense of the action.

 

6.9.
Subrogation. In the event of payment under this Article VI, the Corporation will be subrogated to the extent of the payment
to all of the rights of recovery of the indemnitee, who will execute all papers required and will do everything that may be necessary
to secure the rights, including the execution of the documents necessary to enable the Corporation effectively to bring suit to enforce
the rights.

 

6.10.
Procedures for Submission of Claims. The Board may establish reasonable procedures for the submission of claims for indemnification
pursuant to this Article VI, determination of the entitlement of any person thereto and review of any such determination. The
procedures will be set forth in an appendix to these Bylaws and will be deemed for all purposes to be a part of these Bylaws.

 

6.11.
Insurance. The Corporation may purchase and maintain insurance, at its expense, to protect itself and any person who is or was
a director, officer, employee or agent of the Corporation or any person who is or was serving at the request of the Corporation as a
director, officer, employer or agent of another corporation, partnership, joint venture, trust or other enterprise against any expense,
liability or loss, whether or not the Corporation would have the power to indemnify the person against the expense, liability or loss
under the NRS.

 

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Article
VII

MISCELLANEOUS

 

7.1.
Amendment. These Bylaws may be adopted, amended or repealed by the vote of the holders of a majority of the shares then entitled
to vote or by the stockholders’ written consent or by the vote of the Board or by the directors’ written consent in accordance
with the terms of these Bylaws.

 

7.2.
Electronic Transmission. For purposes of these Bylaws, “electronic transmission” means any form of communication,
not directly involving the physical transmission of paper, that creates a record that may be retained, retrieved, and reviewed by a recipient
of the communication, and that may be directly reproduced in paper form by such a recipient through an automated process.

 

7.3.
Corporate Seal. The Board may provide a corporate seal, which shall bear the full name of the Corporation, the year of incorporation
of the Corporation and the words and figures “Corporate Seal - Nevada”. If and when so directed by the Board or a committee
of the Board, duplicates of the seal may be kept and used by the Treasurer or by an Assistant Secretary or Assistant Treasurer.

 

7.4.
Fiscal Year. The fiscal year of the Corporation shall begin on the first day of January of each year and end on the last calendar
day of December of the same year, unless otherwise determined by the Board.

 

7.5.
Notice.

 

(a)
A written waiver of any notice, signed by a stockholder or director, or waiver by electronic transmission by such person, whether given
before or after the time of the event for which notice is to be given, will be deemed equivalent to the notice required to be given to
the person. Neither the business nor the purpose of any meeting need be specified in such a waiver. Attendance at any meeting will constitute
waiver of notice except attendance for the sole purpose of objecting, at the beginning of the meeting, to the transaction of any business
because the meeting is not lawfully called or convened.

 

(b)
Whenever by law, the Articles, or these Bylaws notice is required to be given to any stockholder, director, or committee member and no
provision is made as to how the notice shall be given, it shall be construed to mean that notice may be given, in writing, either (i)
in person, receipt acknowledged; (ii) by certified mail, return receipt requested; or (iii) by Federal Express, UPS, Airborne Express,
or other national carrier, receipt acknowledged. Any notice required or permitted to be given hereunder (other than personal notice)
shall be addressed to such stockholder, director, or committee member at his or her address as it appears on the books of the Corporation
or, in the case of a stockholder, on the stock transfer records of the Corporation or at such other place as the stockholder, director,
or committee member is known to be at the time notice is mailed or transmitted. Any notice required or permitted to be given by mail
shall be deemed to be delivered and given at the time when the notice is deposited in the United States mail, postage prepaid. Any notice
required or permitted to be given by telegram, telex, cable, telecopy or facsimile or electronic transmission, or similar means, shall
be deemed to be delivered and given at the time transmitted.

 

7.6.
Section Heading. Section headings in these Bylaws are for convenience of reference only and will not be given any substantive
effect in limiting or otherwise construing any provision of these Bylaws.

 

7.7.
Inconsistent Provisions, Changes in Nevada Law. If any provision of these Bylaws is or becomes inconsistent with any provision
of the Articles, the NRS or any other applicable law, the provision of these Bylaws will not be given any effect to the extent of the
inconsistency but will otherwise be given full force and effect. If any of the provisions of the NRS referred to above are modified or
superseded, the references to those provisions is to be interpreted to refer to the provisions as so modified or superseded.

 

    	-15-

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