Document:

Dated 23 May 2005

(1) AEROFLEX INCORPORATED

(2) UBINETICS HOLDINGS LIMITED

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                                DEED OF GUARANTEE

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                                     MAYER
                                     BROWN
                                     ROWE
                                     & MAW

                                     LONDON

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                                    CONTENTS

CLAUSE                                                                  PAGE

1.  Definitions and Interpretation........................................1
2.  Guarantee.............................................................2
3.  Guarantor's Warranties................................................3
4.  General...............................................................4

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THIS DEED is dated 23 May 2005 and made between:

(1)  AEROFLEX INCORPORATED a company incorporated in the State of Delaware whose
     registered office is at 35 South Service Road,  Plainview,  New York, 11803
     (the "GUARANTOR"); and

(2)  UBINETICS  HOLDINGS  LIMITED a company  incorporated  in England  and Wales
     (registered  number  03936291)  whose  registered  office  is at  Cambridge
     Technology Centre, Back Lane, Melbourn, Royston, Hertfordshire SG8 6DP (the
     "SELLER").

BACKGROUND:

(A)  Pursuant  to an  agreement  dated  the same day as this Deed  entered  into
     between  Aeroflex Test Solutions  Limited (the  "PURCHASER") and the Seller
     (the  "SALE  AGREEMENT"),  the Seller has agreed to sell the Shares and the
     Assets to the  Purchaser  on the terms and  conditions  set out in the Sale
     Agreement.

(B)  The Purchaser and the Guarantor are both members of the Purchaser's  Group.
     The Guarantor has agreed to guarantee certain  obligations of the Purchaser
     under the Sale Agreement on the terms and conditions set out in this Deed.

IT IS AGREED THAT:

1.        DEFINITIONS AND INTERPRETATION

1.1       DEFINITIONS

          In this Deed:

          "PROCEEDINGS" means any proceedings,  suit or action arising out of or
          in connection with this Deed; and

          "SERVICE DOCUMENT" means a claim form,  summons,  order,  judgement or
          other process  issued out of the courts of England and Wales  relating
          to or in connection with any Proceedings.

1.2       CONTENTS PAGE AND HEADINGS

          In this  Deed,  the  contents  page  and  headings  are  included  for
          convenience   only  and  shall  not  affect  the   interpretation   or
          construction of this Deed.

1.3       MEANING OF REFERENCES

          In this Deed, unless the context requires otherwise, any reference to:

          (a)  a CLAUSE is to a clause of this Deed;

          (b)  INDEMNIFY and to  INDEMNIFYING  any person  against any Losses by
               reference   to  a   matter,   event  or   circumstance   includes
               indemnifying  and keeping him  indemnified  immediately on demand
               against all Losses  from time to time

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          made,  suffered  or  incurred  by that  person as a direct or indirect
          result of that matter, event or circumstance;

          (c)  a PARTY or the  PARTIES is to a party or the parties to this Deed
               and shall include any permitted assignees of a party;

          (d)  a PERSON includes any  individual,  firm,  company,  corporation,
               government, state or agency of state or any association, trust or
               partnership (whether or not having a separate legal personality);
               and

          (e)  a STATUTE or STATUTORY  PROVISION  includes any  consolidation or
               re-enactment,  modification  or  replacement  of  the  same,  any
               statute or statutory  provision  of which it is a  consolidation,
               re-enactment,  modification  or replacement  and any  subordinate
               legislation  in force  under  any of the same  from  time to time
               except  to  the  extent  that  any  consolidation,  re-enactment,
               modification  or replacement  enacted after the date of this Deed
               would  extend or increase  the  liability  of either party to the
               other under this Deed.

1.4       NO RESTRICTIVE INTERPRETATION

          In  this  Deed,  general  words  shall  not  be  given  a  restrictive
          interpretation  by reason of their being preceded or followed by words
          indicating a particular class of acts, matters or things.

1.5       DEFINITIONS IN SALE AGREEMENT

          Words and expressions used but not defined in this Deed shall have the
          meanings given to them in the Sale Agreement.

2.        GUARANTEE

2.1       GUARANTEE

          If the  Purchaser  fails to comply with any  obligation to pay any sum
          when due to the Seller under the  provisions of the Sale  Agreement (a
          "PAYMENT  OBLIGATION")  then,  subject to the provisions of Clause 2.5
          (Right  to  defences),  the  Guarantor  guarantees  that it shall  (on
          written demand by the Seller)  immediately  perform and discharge such
          Payment Obligation.

2.2       CONTINUING GUARANTEE

          The guarantee set out in Clause 2.1 (Guarantee):

          (a)  is a  continuing  guarantee  and shall remain in force and effect
               until the Purchaser has  performed  and  discharged  each Payment
               Obligation under the Sale Agreement; and

          (b)  is additional to (and not in substitution for) any other security
               or  guarantee  which is or may be held by the Seller from time to
               time in respect of any Payment Obligation.

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2.3       NO RELEASE

          The Guarantor's  liability under Clause 2.1 (Guarantee) shall, subject
          to Clause 2.5 (Right to defences),  not be affected by any concession,
          time,  indulgence or release granted by the Seller to the Purchaser or
          by any  payment  or other  dealing or  anything  else  (whether  by or
          relating to the Seller,  any  co-guarantor  or any other person) which
          would,  but for this Clause 2.3,  operate to  discharge or reduce that
          liability.

2.4       INVALIDITY OR UNENFORCEABILITY OF GUARANTEE

          If anything (including any legal limitation,  disability,  liquidation
          or other  incapacity on the part of the Purchaser or any disclaimer by
          a liquidator or trustee in bankruptcy)  causes any Payment  Obligation
          and/or the guarantee set out in Clause 2.1 (Guarantee) to be or become
          invalid  or  unenforceable,  then,  subject  to Clause  2.5  (Right to
          defences),  the Guarantor  shall  perform and  discharge  such Payment
          Obligation as if it was the primary obligation of the Guarantor.

2.5       RIGHT TO DEFENCES

          The Guarantor  shall be entitled to raise as a defence to any payments
          due from it under  this  Clause  2, any  defences  which are or may be
          raised by the Purchaser against the Seller under the Sale Agreement or
          in  respect  of any other  matter or thing  and shall be  entitled  to
          deduct or  withhold  in respect of any such claim  (whether  by way of
          set-off,  counterclaim  or  otherwise)  any amount  which is or may be
          claimed  from time to time by the  Purchaser  against the Seller under
          the Sale Agreement or in respect of any other matter or thing.

2.6       NO EXERCISE OF SET OFF-RIGHTS

          The Guarantor  shall not exercise any rights which it may have against
          the  Purchaser  arising  from or otherwise  relating to its  guarantee
          under  Clause  2.1  (Guarantee)  or its other  obligations  under this
          Clause 2 unless  and  until  each  Payment  Obligation  and all of the
          obligations  of the Guarantor  under this Deed have been performed and
          discharged.

2.7       ENFORCEMENT

          The  Seller  may claim  under  the  guarantee  set out in  Clause  2.1
          (Guarantee) without first making demand of the Purchaser or taking any
          action to claim  under or enforce any other  right,  security or other
          guarantee  which  it may  hold  from  time to time in  respect  of any
          Payment Obligation.

2.8       UNCONDITIONAL AND IRREVOCABLE GUARANTEE

          The  Guarantor's  obligations  under  this  Clause  2,  including  its
          guarantee  under  Clause  2.1  (Guarantee)   are   unconditional   and
          irrevocable.

3.        GUARANTOR'S WARRANTIES

          The Guarantor warrants to the Seller that:

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          (a)  the  Guarantor has full power to enter into and perform this Deed
               this Deed will on execution by the Guarantor constitute valid and
               binding  obligations  on the  Guarantor  in  accordance  with its
               terms; and

          (b)  the  execution  and  delivery  of,  and  the  performance  by the
               Guarantor of its obligations under this Deed will not:

               (i)  result in a breach of any  provision  of its  memorandum  or
                    articles of association;

               (ii) result in a breach of any order,  judgment  or decree of any
                    court or government agency to which the Guarantor is a party
                    or by which the Guarantor is bound; or

               (iii)require the  Guarantor  to obtain any consent or approval of
                    its shareholders or any other material third party consent.

4.        GENERAL

4.1       COUNTERPARTS

          This Deed may be  executed in any number of  counterparts,  and by the
          parties on separate  counterparts,  but shall not be  effective  until
          each of the  parties  has  executed  at least  one  counterpart.  Each
          counterpart  shall  constitute  an  original  of this Deed but all the
          counterparts  together shall together  constitute but one and the same
          instrument.

4.2       NO RIGHTS OF THIRD PARTIES

          A  person  who is not  party  to this  Deed  has no  right  under  the
          Contracts  (Rights of Third  Parties)  Act 1999 to enforce any term of
          this Deed.

4.3       NOTICES

          Subject   to  Clause  4.4  (Agent   for   service  of   process)   all
          communications relating to this Deed shall be in writing and delivered
          by hand or sent by post or  facsimile  to the party  concerned  at the
          relevant  address  shown  at the  start of this  Deed  (or such  other
          address as may be notified from time to time in  accordance  with this
          clause by the relevant  party to the other party).  Any  communication
          shall take  effect if  delivered,  upon  delivery;  if posted,  at the
          earlier of delivery and, if sent by first class registered post, 10.00
          a.m.  on  the  second  Business  Day  after  posting  and if  sent  by
          facsimile,  when a complete  and  legible  copy of the  communication,
          whether  that  sent  by  facsimile  or a hard  copy  sent  by  post or
          delivered by hand, has been received at the appropriate address.

4.4       AGENT FOR SERVICE OF PROCESS

          The  Guarantor  irrevocably  agrees that any Service  Document  may be
          sufficiently   and  effectively   served  on  it  in  connection  with
          Proceedings in England by service on Aeroflex Test  Solutions  Limited
          (the "GUARANTOR'S AGENT") at Longacres House, Six Hills Way, Stevenage
          SG1 2AN in accordance with the provisions of Clause 4.3 (Notices) with
          a copy to Aeroflex Incorporated, P.O. Box 6022, 35 South Service Road,
          Plainview, New York 11803 Attention:  Michael Gorin, Vice Chairman. In
          the

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          event of the Guarantor's  Agent (or any replacement  agent) ceasing so
          to act or  ceasing  to have  an  address  in  England,  the  Guarantor
          undertakes to promptly  appoint  another  person as its agent for that
          purpose and to procure that notice of that appointment is given to the
          Seller in accordance with the provisions of Clause 4.3 (Notices).

4.5       GOVERNING LAW AND JURISDICTION

          This Deed  shall be  governed  by and  construed  in  accordance  with
          English  law.  Each party  irrevocably  submits  to the  non-exclusive
          jurisdiction  of the English  courts to settle any  dispute  which may
          arise under or in connection with this Deed.

EXECUTION:

The parties have shown their  acceptance  of the terms of this Deed by executing
it below:

SIGNED by Charles Badlato, Vice President    )  /s/Charles Badlato
AEROFLEX INCORPORATED                        )

SIGNED by James Mclaurin        , Director,  )  /s/James Mclaurin
and Christopher Edwards Director/Secretary,  )  /s/Christopher Edwards
duly authorised for and on behalf of         )
UBINETICS HOLDINGS LIMITED                   )

                                       5EXHIBIT 4.2

AMENDED AND RESTATED
BYLAWS
OF
FIRST SECURITY BANCORP, INC. 

ARTICLE I
 Offices 

1.1 PRINCIPAL OFFICE. The principal
office of the Corporation in the Commonwealth of Kentucky shall be located at 318 East
Main Street, Lexington, Kentucky 40507. The Corporation may have such other offices,
either within or without the Commonwealth of Kentucky, as the business of the Corporation
may require from time to time. 

1.2 REGISTERED OFFICE. The registered
office of the Corporation may be, but need not be, identical with its principal office in
the Commonwealth of Kentucky. The address of the registered office may be changed from
time to time by the Board of Directors. 

ARTICLE II
Shareholders 

2.1 ANNUAL MEETINGS. The annual
meeting of the shareholders shall be held on the third Tuesday in May at such time and
place as the Corporation’s Board of Directors may designate, with the first annual
meeting to be held in the year 2001. The purpose of such meetings shall be the election of
directors and such other business as may properly come before it. If the election of
directors shall not be held on the day designated for an annual meeting, or at any
adjournment thereof, the Board of Directors shall cause the election to be held at a
special meeting of the shareholders as soon thereafter as may be practicable. 

2.2 SPECIAL MEETINGS. Special
meetings of the shareholders may be called by the Corporation’s Board of Directors,
or by any 5 or more shareholders holding in the aggregate not less than twenty-five
percent (25%) of all the outstanding shares of the Corporation entitled to vote at such
meeting, who have demanded such special meeting in writing delivered to the
Corporation’s Secretary. 

2.3 PLACE OF SPECIAL MEETINGS. The
Board of Directors may designate any place within or without the Commonwealth of Kentucky
as the place for any special meeting called by the Board of Directors. A waiver of notice
signed by all shareholders may include a designation of any place, either within or
without the Commonwealth of Kentucky, as the place for the holding of such meeting. If no
designation is properly made, or if a special meeting be otherwise called, the place of
meeting shall be at the registered office of the Corporation in the Commonwealth of
Kentucky. 

2.4 NOTICE OF ANNUAL OR SPECIAL
MEETINGS. Written or printed notice stating the place, day and hour of the meeting of
shareholders and, in case of a special meeting of shareholders, the purpose or purposes
for which the meeting is called, shall be delivered not fewer than ten (l0) days nor more
than sixty (60) days before the date of the meeting, either personally or by mail, by or
at the direction of the President or the Secretary, or the officer or

persons calling the
meeting, to each shareholder of record entitled to vote at such meeting. If mailed, such
notice shall be deemed to be delivered when deposited in the United States mail in a
sealed envelope addressed to the shareholder at his or her address as it appears on the
stock transfer books of the Corporation, with postage thereon prepaid. 

2.5 MEETINGS BY CONSENT OF ALL SHAREHOLDERS.
If all the shareholders shall meet at any time and place, either within
or without the Commonwealth of Kentucky, and no shareholder objects at such meeting to
holding the meeting or transacting business therein, such meeting shall be valid without
call or notice, and at such meeting, any corporate action may be taken. 

2.6 WAIVER AND CONSENT TO MEETINGS OF
LESS THAN ALL SHAREHOLDERS. If a shareholder meeting shall occur without all shareholders
in attendance, a prior or subsequent written waiver of notice or consent to the holding of
such meeting by the absent shareholders shall be equivalent to the call and giving of any
requisite notice, and such meeting shall be valid without call or notice, and corporate
action may be taken at such meeting. 

2.7 CLOSING TRANSFER BOOKS AND FIXING
OF A RECORD DATE. The Board of Directors of the Corporation may close its stock transfer
books as of a date (and continuing for a period) not exceeding seventy (70) days
immediately prior to the date of any meeting of shareholders, or the date for the payment
of any dividend or for the allotment of rights, or to the date when any exchange or
reclassification of shares shall be effective, and such date of the closing of the stock
transfer books of the Corporation shall be the record date for the determination of
shareholders entitled to notice of, or to vote at, such meeting, or shareholders entitled
to receive payment of any such dividend or to receive any such allotment of rights, or to
exercise any rights in respect of any exchange or reclassification of shares; and the
shareholders of record on such record date shall be the shareholders entitled to notice
of, and to vote at, such meeting, or to receive payment of such dividend or to receive
such allotment of rights, or to exercise such rights, in the event of an exchange or
reclassification of shares, as the case may be. If the transfer books are not closed and
no record date is fixed by the Board of Directors, the day before the date on which notice
of the meeting is mailed, or the date on which the resolution of the Board of Directors
declaring such dividend is adopted or such other action is taken, as the case may be,
shall be deemed to be the record date for the determination of the shareholders of the
Corporation and the number of shares owned by them for all of the purposes set forth in
the immediately preceding sentence. When a determination of shareholders has been made as
provided in this Section, such determination shall apply to any adjournment thereof. 

2.8 VOTING RECORD. The officer or
agent having charge of the transfer book for shares of the Corporation shall make a
complete list of the shareholders entitled to vote at any meeting of shareholders,
arranged in alphabetical order by voting group, with the address of, and the number of
shares held by, each shareholder. Such list shall be produced and be available for
inspection at the Corporation’s principal office beginning five (5) business days
before the meeting for which the list was prepared. Such list shall also be available at
the time and place of the meeting and shall be subject to the inspection of any
shareholder during the whole course of the meeting. 

2.9 QUORUM. A majority of the
outstanding shares of the Corporation entitled to vote on a particular matter, or a
majority of the shares entitled to vote as a separate voting group, represented in person
or by proxy, shall constitute a quorum at any meeting of shareholders. If a quorum of
shareholders is present, the affirmative vote of a majority of the shares represented at
the meeting and entitled to vote on the subject matter shall be the act of the
shareholders, unless the vote of a greater number or voting by classes is required by the
Kentucky Business Corporation Act or by the Articles of Incorporation or these Bylaws. The
shareholders present at a duly organized meeting can continue to do business until
adjournment, notwithstanding the withdrawal of enough shareholders to leave less than a
quorum. 

2.10 PROXIES. At all meetings of
shareholders, a shareholder may vote by proxy executed in writing by the shareholder or
his or her duly authorized attorney-in-fact. Such proxy shall be filed with the Secretary
of the Corporation before or at the time of the meeting. No proxy shall be valid after
eleven (11) months from the date of its execution, unless otherwise provided in the proxy.
A proxy, unless coupled with an interest and expressly made irrevocable, may be revoked in
writing at any time. The effective time of such revocation shall be the time the Secretary
of the Corporation receives the written notice of revocation. 

2.11 VOTING OF SHARES. Subject to the
provisions of Section 2.13 hereof, each outstanding share of common stock authorized by
the Corporation’s Articles of Incorporation to have voting power shall be entitled to
one vote upon each matter submitted to a vote at a meeting of shareholders. The voting
rights, if any, of classes of shares other than voting common stock shall be as set forth
in the Corporation’s Articles of Incorporation or by appropriate legal action of the
Board of Directors. 

2.12 VOTING OF SHARES BY
CERTAIN HOLDERS. 

         (a)       
          Shares standing in the name of another corporation may be voted by that
          corporation’s president or by proxy appointed by him or her or by such
          other officer, agent or proxy as the by-laws of such other corporation may
          prescribe, or, in the absence of such provision, as the board of directors of
          such other corporation may determine. 

         (b)       
          Shares held by an administrator, executor, guardian or conservator may be voted
          by him, either in person or by proxy, without a transfer of such shares into his
          name. Shares standing in the name of a trustee may be voted by him, either in
          person or by proxy, but no trustee shall be entitled to vote shares held by him
          without a transfer of such shares into his name. 

         (c)       
          Shares standing in the name of a receiver may be voted by such receiver, and
          shares held by or under the control of a receiver may be voted by such receiver
          without the transfer thereof into his or her name if authority so to do be
          contained in an appropriate order of the court by which such receiver was
          appointed. 

         (d)       
          Where shares are held jointly by two or more co-owners or fiduciaries, if only
          one such fiduciary votes, his or her act shall be presumed by the Corporation to
          be the vote

     of such co-owners or fiduciaries, if such fiduciary appears to be
          voting on behalf of all the co-owners or fiduciaries. Where shares are held
          jointly by three (3) or more fiduciaries, the will of the majority of such
          fiduciaries shall control the manner of voting or the giving of a proxy unless
          the instrument or order appointing the fiduciaries otherwise directs. Where, in
          any case, fiduciaries are equally divided upon the manner of voting shares
          jointly held by them, any court of competent jurisdiction may, upon petition
          filed by any of the fiduciaries, or by any beneficiary, appoint an additional
          person to act with the fiduciaries in determining the manner in which the shares
          shall be voted upon the particular questions as to which the fiduciaries are
          divided. 

         (e)       
          A shareholder whose shares are pledged shall be entitled to vote such shares
          until the shares have been transferred into the name of the pledgee, and
          thereafter, the pledgee shall be entitled to vote the shares so transferred. 

         (f)       
          The Secretary of the Corporation may demand written proof that the person
          asserting the right to vote shares pursuant to this Section 2.12 holds the
          position he claims to hold and has been properly authorized to vote the shares
          he represents. Such proof, if demanded, shall be presented prior to the voting
          of such shares by such person. 

2.13 CUMULATIVE VOTING. At each
election for directors, each shareholder entitled to vote at such election shall have the
right to cast, in person or by proxy, as many votes in the aggregate as he or she shall be
entitled to vote under the Corporation’s Articles of Incorporation, multiplied by the
number of directors to be elected at such election; and each shareholder may cast the
whole number of votes for one candidate or distribute such votes among two or more
candidates. Directors shall not be elected in any other manner. 

2.14 ACTION BY WRITTEN CONSENT. Any
action required to be taken, or which may be taken, at a meeting of the shareholders may
be taken without a meeting if a consent in writing, setting forth the action so taken,
shall be signed by all of the shareholders entitled to vote with respect to the subject
matter thereof. 

ARTICLE III
Directors 

3.1 GENERAL POWERS. The business and
affairs of the Corporation shall be managed by its Board of Directors. 

3.2
NUMBER, TENURE AND QUALIFICATIONS. A variable range is established for the board of
directors. The number of directors of the Corporation shall be at least eight (8)
directors and no more than eighteen (18) directors. The number of directors may be fixed
or changed from time to time, within this minimum and maximum, by the Board of Directors
or the shareholders, provided that no decrease shall have the effect of shortening the
term of any incumbent director. Only the shareholders may change the range for the size of
the board. The directors shall be divided into three classes with each class being as
nearly equal in number as possible. The term of office of each class of directors shall be
three (3) years and shall expire at the third annual

meeting of the shareholders of the
Corporation following their election or reelection (or until their successors are elected
and qualified). The directors need not be residents of the Commonwealth of Kentucky, nor
need they hold any shares of the capital stock of the Corporation. The Board of Directors
shall have authority to amend the Bylaws to prescribe other qualifications for directors. 

3.3 REMOVAL AND RESIGNATIONS. At a
meeting of shareholders called expressly for that purpose, any director or the entire
Board of Directors may be removed with cause by a vote of the holders of a majority of the
shares then entitled to vote at an election of directors. No one of the directors may be
removed if the votes cast against his removal would be sufficient to elect him if then
cumulatively voted at an election of the entire Board of Directors, or, if there be
classes of directors, at an election of the class of directors of which he is a part.
Whenever the holders of the shares of any class are entitled to elect one or more
directors by the provisions of the Articles of Incorporation, the provisions of this
Section shall apply, in respect to the removal of a director or directors so elected, to
the vote of the holders of the outstanding shares of that class and not to the vote of the
outstanding shares as a whole. Any member of the Board of Directors may resign from the
Board of Directors at any time by giving written notice to the Corporation’s Board of
Directors (or its Chairman), President or Secretary, and unless otherwise specified
therein, such resignation shall be effective upon the delivery of such notice. 

3.4 REGULAR MEETINGS. A regular
annual meeting of the Board of Directors shall be held immediately after the annual
meeting of shareholders. The Board of Directors may provide, by resolution, the time and
place, either within or without the Commonwealth of Kentucky, for the holding of
additional regular meetings without other notice than such resolution. 

3.5 SPECIAL MEETINGS. Special
meetings of the Board of Directors may be called by or at the request of the President or
any two directors. All special meetings of the Board of Directors shall be held at the
principal office of the Corporation or such other place as may be specified in the notice
of the meeting. 

3.6 MANNER OF CONDUCTING BOARD
MEETINGS. The Board of Directors of the Corporation may permit any or all directors to
participate in a regular or special meeting by, or conduct the meeting through the use of,
any means of communication by which all directors participating may simultaneously hear
each other during the meeting. A director participating in a meeting by this means shall
be deemed to be present in person at the meeting. 

3.7 NOTICE. Notice of the date, time
and place of any special meeting shall be given at least two (2) days prior thereto by
written notice delivered personally or mailed to each director at his or her business
address, or by telegram. Any director may waive notice of any meeting. The attendance of a
director at, or participation in, any meeting shall constitute a waiver of notice of such
meeting, except where a director attends a meeting for the express purpose of objecting
(at the beginning of the meeting) to the transaction of any business because the meeting
is not lawfully called or convened. Neither the business to be transacted at, nor the
purpose of, any regular or special meeting of the Board of Directors need be specified in
the notice or waiver of notice of such meeting. 

3.8 QUORUM. A majority of the number
of directors fixed by, or determined in accordance with, Section 3.2 hereof shall
constitute a quorum for the transaction of business at any meeting of the Board of
Directors. 

3.9 VOTING. The act of the majority
of the directors present at a meeting at which a quorum is present shall be the act of the
Board of Directors, unless otherwise required by the Articles of Incorporation. 

3.10 VACANCIES. Any vacancy occurring
in the Board of Directors may be filled by the shareholders or by the Board of Directors.
If the directors remaining in office constitute fewer than a quorum of the Board, they may
fill the vacancy by the affirmative vote of a majority of all directors remaining in
office. If the vacancy was held by a director elected by a voting group of shareholders,
only the holders of shares of that voting group shall be entitled to vote to fill the
vacancy if it is filled by the shareholders. A vacancy that will occur at a specific later
date may be filled before the vacancy occurs but the new director may not take office
until the vacancy occurs. 

A director elected to fill a vacancy
shall be elected for the unexpired term of his predecessor in office. Any directorship to
be filled by reason of an increase in the number of directors may be filled by the Board
of Directors for a term of office continuing only until the next election of directors by
the shareholders. 

3.11 COMPENSATION. By resolution of
the Board of Directors, each director may be paid his expenses, if any, of attendance at
each meeting of the Board of Directors, a stated stipend as director or a fixed sum for
attendance at each meeting of the Board of Directors, or both, and any other benefits as
the Board of Directors may determine. No such payment shall preclude any director from
serving the Corporation in any other capacity and receiving compensation therefore. 

3.12 ACTION BY WRITTEN CONSENT. Any
action required or permitted to be taken by the Board of Directors at a meeting may be
taken without a meeting if a consent in writing, setting forth the action so taken, shall
be signed by all of the directors. 

3.13 CHAIRMAN AND VICE-CHAIRMAN OF
THE BOARD. The Board of Directors may appoint one of its members Chairman of the Board of
Directors. The Board of Directors may also appoint one of its members as Vice-Chairman of
the Board of Directors, and such individual shall serve in the absence of the Chairman and
perform such additional duties as may be assigned to him or her by the Board of Directors. 

ARTICLE IV
Officers 

4.1 OFFICERS. The officers of the
Corporation shall be a President, one or more Vice-Presidents, a Secretary and a
Treasurer, each of whom shall be elected by the Board of Directors. Such other officers
and assistant officers as may be deemed necessary may be

elected or appointed by the Board
of Directors. Any two or more offices may be held by the same person. 

4.2 ELECTION AND TERM OF OFFICE. The
officers of the Corporation shall be elected by the Board of Directors at the first and,
thereafter at each, annual meeting of the Board of Directors. If the election of officers
shall not be held at any such meeting, such election shall be held as soon thereafter as
is convenient. Vacancies may be filled or new offices created and filled at any meeting of
the Board of Directors. Each officer shall hold office until his successor shall have been
duly elected and shall have qualified or until his death or until he shall resign or shall
have been removed in the manner hereinafter provided. 

4.3 REMOVAL AND RESIGNATIONS. Any
officer or agent elected or appointed by the Board of Directors may be removed by the
Board of Directors, with or without cause, whenever, in its judgment, the best interests
of the Corporation would be served thereby, but such removal shall be without prejudice to
the contract rights, if any, of the person so removed. Election or appointment of an
officer or agent shall not of itself create contract rights. Any officer of the
Corporation may resign at any time by giving written notice to the President or Secretary
of the Corporation, and unless otherwise specified therein, the acceptance of such
resignation shall not be necessary to make it effective. 

4.4 VACANCIES. A vacancy in any
office because of death, resignation, removal, disqualification or otherwise may be filled
by the Board of Directors for the unexpired portion of the term. 

4.5 PRESIDENT. The President shall be
the chief executive officer of the Corporation. If no chairman has been appointed or, in
the absence of the chairman (and vice-chairman if one has been appointed), he shall
preside at all meetings of the shareholders and of the Board of Directors. He may sign,
with the Secretary or any other proper officer of the Corporation thereunto authorized by
the Board of Directors, certificates for shares of the Corporation, any deeds, mortgages,
bonds, contracts or other instruments which the Board of Directors has authorized to be
executed, except in cases where the signing and execution thereof shall be expressly
delegated by the Board of Directors or by these Bylaws to some other officer or agent of
the Corporation, or shall be required by law to be otherwise signed or executed; and, in
general, shall perform all duties incident to the office of President and such other
duties as may be prescribed by the Board of Directors from time to time. Unless otherwise
ordered by the Board of Directors, the President shall have full power and authority on
behalf of the Corporation to attend, act and vote at any meetings of shareholders of any
corporation in which the Corporation may hold stock, and at any such meeting, shall hold
and may exercise all rights incident to the ownership of such stock which the Corporation,
as owner, might have had and exercised if present. The Board of Directors may confer like
powers on any other person or persons. 

4.6 VICE PRESIDENT. In the absence of
the President, or in the event of his inability or refusal to act, a Vice-President shall
perform the duties of the President and when so acting, shall have all powers of and be
subject to all the restrictions upon the President. Any Vice-President may sign, with the
Secretary or an Assistant Secretary, certificates for shares of the

corporation whose
issuance has been authorized by the Board of Directors. A Vice-President shall also
perform such other duties as may from time to time be assigned to him by the President or
by the Board of Directors. 

4.7 TREASURER. The Treasurer shall
have charge and custody of and be responsible for all funds and securities of the
Corporation; receive and give receipts for monies due and payable to the Corporation from
any source whatsoever, and deposit all such monies in the name of the Corporation in such
banks, trust companies and other depositories as shall be selected in accordance with the
provisions of ARTICLE V of these Bylaws; and, in general, perform all the duties incident
to the office of Treasurer and such other duties as from time to time may be assigned to
him by the Chairman of the Board, the President or the Board of Directors. If required by
the Board of Directors, the Treasurer shall give a bond for the faithful discharge of his
duties in such sum and with such surety or sureties as the Board of Directors shall
determine. 

4.8 SECRETARY. The Secretary shall
(a) keep the minutes of the shareholders’ meetings and of the Board of
Directors’ meetings in one or more books provided for that purpose; (b) see that all
notices are duly given in accordance with the provisions of these Bylaws or as required by
law; (c) be custodian of the corporate records and of the seal, if any, of the
Corporation; (d) keep a register of the Post Office address of each shareholder; (e) sign
with the President or Vice-President certificates for shares of stock of the Corporation;
(f) have general charge of the stock transfer books of the Corporation; and, in general,
perform all duties incident to the office of Secretary and such other duties as from time
to time may be assigned to him by the Chairman of the Board, the President or by the Board
of Directors. 

4.9 ASSISTANT TREASURERS
AND ASSISTANT SECRETARIES. 

         (a)       
          The Assistant Treasurer, if that office be created and filled, shall, if
          required by the Board of Directors, give bond for the faithful discharge of his
          duty in such sum and with such surety as the Board of Directors shall determine. 

         (b)       
          The Assistant Secretary, if that office be created and filled, and if authorized
          by the Board of Directors, may sign, with the President or Vice-President,
          certificates for shares of the Corporation. 

         (c)       
          The Assistant Treasurers and Assistant Secretaries, in general, shall perform
          such additional duties as shall be assigned to them by the Treasurer or the
          Secretary, respectively, or by the Chairman of the Board, the President or the
          Board of Directors. 

4.10 COMPENSATION. The compensation
of the officers of the Corporation shall be fixed from time to time by the Board of
Directors, and no officer shall be prevented from receiving such compensation by reason of
the fact that he is also a director of the Corporation. 

ARTICLE V
Contracts, Loans,
Checks and Deposits 

5.1 CONTRACTS. The Board of Directors
may authorize any officer or officers, agent or agents, to enter into any contract and
execute and deliver any instruments in the name of and on behalf of the Corporation. Such
authority may be general or confined to specific instances. 

5.2 CHECKS, DRAFTS, ETC. All checks,
drafts or other orders for the payment of money, notes or other evidences of indebtedness
issued in the name of the Corporation shall be signed by such officer or officers, or
agent or agents, of the Corporation and in such manner as shall, from time to time, be
determined by resolution of the Board of Directors. 

5.3 DEPOSITS. All funds of the
Corporation not otherwise employed shall be deposited, from time to time, to the credit of
the Corporation in such banks, trust companies and other depositories as the Board of
Directors may select. 

ARTICLE VI
Certificates for Shares
and Their Transfer 

6.1 CERTIFICATES FOR SHARES.
Certificates representing shares of the Corporation shall be in such form as may be
determined by the Board of Directors and by the laws of the Commonwealth of Kentucky. Such
certificates shall be signed (either manually or in facsimile) by the President or a
Vice-President and by the Secretary or an assistant secretary, and may bear the seal of
the Corporation, or a facsimile thereof. All certificates for shares shall be
consecutively numbered. The name of the person owning the shares represented thereby, with
the number of shares and date of issue, shall be entered on the books of the Corporation.
All certificates surrendered to the Corporation for transfer shall be canceled and no new
certificates shall be issued until the former certificates for a like number of shares
shall have been surrendered and canceled, except that, in case of a lost, destroyed or
mutilated certificate, a new one may be issued therefore upon such terms and indemnity to
the Corporation as the Board of Directors may prescribe. 

6.2 TRANSFER OF SHARES. Transfer of
shares of the Corporation shall be made only on the books of the Corporation by the
registered holder thereof, or by his legal representative who shall furnish proper
evidence of authority to transfer, or by his attorney thereunto authorized by power of
attorney duly executed and filed with the Secretary of the Corporation, and on surrender
for cancellation of the certificate for such shares. The person in whose name shares stand
on the books of the Corporation shall be deemed the owner thereof for all purposes as
regards the Corporation. 

ARTICLE VII
Committees 

The board of directors shall have
authority to, by resolution adopted by a majority of all directors then in office, create
and form from among its members, from time to time, such

committees (consisting of at
least one director) as the board may consider necessary or convenient for the conduct of
its business. Any such committee shall have the full power and authority as the board of
directors may, from time to time, legally establish for it, provided that no committee
shall authorize or approve distributions, except according to a formula or method, or
within limits, prescribed by the board of directors; approve or propose to shareholders
action that the Kentucky Business Corporation Act requires be approved by shareholders;
fill vacancies on the board of directors or on any committee of the board of directors
(other than the appointment of an alternative committee member to act in place of an
absent or disqualified committee member to the extent permitted by the Kentucky Business
Corporation Act); or adopt, amend or repeal the Bylaws. The rules and procedures governing
the conduct of any such committee shall be the same as the standards established in this
Article III for such matters with respect to the entire board of directors. 

ARTICLE VIII
Indemnification 

8.1 DEFINITIONS. As used in this
Article VIII: 

         (a)       
          “Proceeding” means any threatened, pending or completed action, suit
          or proceeding, whether civil, criminal, administrative or investigative, and
          whether formal or informal; 

         (b)       
          “Party” includes a person who was, is or is threatened to be made a
          named defendant or respondent in a Proceeding; 

         (c)       
          “Expenses” include attorneys’ fees; 

         (d)       
          “Officer” means any person serving as Chairman of the Board of
          Directors, President, Vice-President, Treasurer, Secretary or any other officer
          of the Corporation; and 

         (e)       
          “Director” means an individual who is or was a director of the
          Corporation or an individual who, while a director of the Corporation, is or was
          serving at the request of the Corporation as a director, officer, partner,
          trustee, employee or agent of another foreign or domestic corporation,
          partnership, limit ed liability company, registered limited liability
          partnership, joint venture, association, trust, employee benefit plan or other
          entity. A Director shall be considered serving an employee benefit plan at the
          request of the Corporation if his duties to the Corporation also impose duties
          on, or otherwise involve services by, him to the plan or to participants in or
          beneficiaries of the plan. “Director” includes, unless the context
          requires otherwise, the estate or personal representative of a director. 

8.2 INDEMNIFICATION BY
CORPORATION. 

         (a)       
          The Corporation shall indemnify any Officer or Director who is made a Party to
          any Proceeding by reason of the fact that such person is or was an Officer or
          Director if: 

             (1)       
          Such Officer or Director conducted himself in good faith; and 

             (2)       
          Such Officer or Director reasonably believed: 

          		    (i)       
               In the case of conduct in his official capacity with the Corporation, that his
               conduct was in the best interests of the Corporation; and 

               

          		    (ii)       
               In all other cases, that his conduct was at least not opposed to the best
               interests of the Corporation; and 

               

             (3)       
          In the case of any criminal Proceeding, he had no reasonable cause to believe
          his conduct was unlawful. 

         (b)       
          A Director’s conduct with respect to an employee benefit plan for a purpose
          he reasonably believes to be in the interest of the participants in and
          beneficiaries of the plan shall be conduct that satisfies the requirement of
          Section 8.2 (a)(2)(ii) of these Bylaws. 

         (c)       
          Indemnification shall be made against judgments, penalties, fines, settlements
          and reasonable Expenses, including legal Expenses, actually incurred by such
          Officer or Director in connection with the Proceeding, except (1) if the
          Proceeding was by or in the right of the Corporation, indemnification shall be
          made only against such reasonable Expenses and shall not be made in respect of
          any Proceeding in which the Officer or Director shall have been adjudged to be
          liable to the Corporation, and (2)if the Proceeding charged improper personal
          benefit to the Officer or Director and the Officer or Director was adjudged
          liable on the basis that improper personal benefit was improperly received by
          him, indemnification shall not be made. The termination of any Proceeding by
          judgment, order, settlement, conviction or upon a plea of nolo contendere or its
          equivalent, shall not, by itself, be determinative that the Officer or Director
          did not meet the requisite standard of conduct set forth in this Section 8.2. 

         (d)       
          (1) Reasonable Expenses incurred by an Officer or Director as a Party to a
          Proceeding with respect to which indemnity is to be provided under this Section
          8.2 shall be paid or reimbursed by the Corporation in advance of the final
          disposition of such Proceeding provided: 

          		    (i)       
               The Corporation receives (I) a written affirmation by the Officer or Director of
               his good faith belief that he has met the requisite standard of conduct set
               forth in this Section 8.2, and (II) the Corporation receives a written
               undertaking by or on behalf of the Officer or Director to repay such amount if
               it shall ultimately be determined that he has not met such standard of conduct;
               and 

               

          		    (ii)       
               The Corporation’s Board of Directors (or other appropriate decision maker
               for the Corporation) determines that the facts then known to the Board of
               Directors (or decision maker) would not preclude indemnification under Kentucky
               law. 

          		    (2)       
               The undertaking required herein shall be an unlimited general obligation of the
               Officer or Director but shall not require any security and shall be accepted
               without reference to the financial ability of the Officer or Director to make
               repayment. 

               

          		    (3)       
               Determinations and authorizations of payments under this Section 8.2(d) shall be
               made in the manner specified in Section 8.2(e) of these Bylaws. 

               

         (e)       
          (1) The Corporation shall not indemnify an Officer or Director under this
          Section 8.2 unless authorized in the specific case after a determination has
          been made that indemnification of the Officer or Director is permissible in the
          circumstances because he has met the standard of conduct set forth in this
          Section 8.2. 

          		    (2)       
               Such determination shall be made: 

               

          		    (i)       
               By the Corporation’s Board of Directors by majority vote of a quorum
               consisting of directors not at the time Parties to the Proceeding; 

               

          		    (ii)       
               If a quorum cannot be obtained under Section 8.2(e)(2)(i) of these Bylaws, by
               majority vote of a committee duly designated by the Corporation’s Board of
               Directors (in which designation directors who are Parties may participate),
               consisting solely of two (2) or more directors not at the time Parties to the
               Proceeding; or 

               

          		    (iii)       
               By special legal counsel: 

               

     	    [1] 	       
                    Selected by the Corporation’s Board of Directors or its committee in the
          manner prescribed in Sections 8.2(e)(2)(i) and (ii) of these Bylaws; or

          

     	[2] 	       

           If a quorum of the Board of Directors cannot be obtained under Section
          8.2(e)(2)(i) of these Bylaws and a committee cannot be designated under Section
          8.2(e)(2)(ii) of these Bylaws, selected by a majority vote of the full Board of
          Directors (in which selection directors who are Parties may participate); or

          

     	[3] 	       

           By the shareholders, provided that shares owned by or voted under the control
          of Directors who are at the time Parties to the Proceeding shall not be voted on
          the determination.

          

          		    (3)       
               Authorization of indemnification and evaluation as to reasonableness of Expenses
               shall be made in the same manner as the determination that indemnification is
               permissible, except that if the determination is made by special legal counsel,
               authorization of indemnification and evaluation as to

          		
 reasonableness of Expenses
               shall be made by those entitled under Section 8.2(e)(2)(iii) of these Bylaws to
               select counsel. 

               

8.3 FURTHER INDEMNIFICATION.
Notwithstanding any limitation imposed by Section 8.2 of these Bylaws or elsewhere and in
addition to the indemnification set forth in Section 8.2 of these Bylaws, the Corporation,
to the full extent permitted by law, may agree by contract or otherwise to indemnify any
Officer or Director and hold him harmless against any judgments, penalties, fines,
settlements and reasonable Expenses actually incurred or reasonably anticipated in
connection with any Proceeding in which any Officer or Director is a Party, provided the
Officer or Director was made a Party to such Proceeding by reason of the fact that he is
or was an Officer or Director of the Corporation or by reason of any inaction,
nondisclosure, action or statement made, taken or omitted by or on behalf of the Officer
or Director with respect to the Corporation or by or on behalf of the Officer or Director
in his capacity as an Officer or Director. 

8.4 INSURANCE. The Corporation may,
in the discretion of the Board of Directors, purchase and maintain or cause to be
purchased and maintained insurance on behalf of all Officers and Directors against any
liability asserted against them or incurred by them in their capacity or arising out of
their status as an Officer or Director, to the extent such insurance is reasonably
available. Such insurance shall provide such coverage for the Officers and Directors as
the Board of Directors may deem appropriate. 

ARTICLE IX
Miscellaneous 

9.1 AMENDMENTS. The Board of
Directors shall have the power and authority to alter, amend or repeal these Bylaws at any
regular or special meeting at which a quorum is present by the vote of a majority of the
entire Board of Directors, subject always to the power of the shareholders under Kentucky
law to change or repeal these Bylaws. 

9.2 FISCAL YEAR. The Board of
Directors shall have the power to fix, and from time to time change, the fiscal year of
the Corporation. Unless otherwise fixed by the Board, the calendar year shall be the
fiscal year. 

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

9.4 SEAL. The Board of Directors may
adopt a corporate seal which shall be circular in form and shall have inscribed thereon
the name of the Corporation, the state of incorporation, and the word “SEAL”. 

9.5 WAIVER OF NOTICE. Whenever any
notice is required to be given under the provisions of these Bylaws, or under the
provisions of the Corporation’s Articles of Incorporation, or under the provisions of
the corporation laws of the Commonwealth of Kentucky, a waiver

thereof in writing, signed
by the person or persons entitled to such notice, whether before or after the time stated
therein, shall be equivalent to the giving of such notice. 

9.6 CONSTRUCTION. Unless the context
specifically requires otherwise, any reference in these Bylaws to any gender shall include
all other genders; any reference to the singular shall include the plural; and any
reference to the plural shall include the singular.

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