Document:

exv4w2

Exhibit 4.2

Effective March 9, 2000

RESTATED

BY-LAWS

Of

FSI INTERNATIONAL, INC.

SHAREHOLDERS

     Section 1.01 Place of Meetings. Each meeting of the shareholders shall be
held at the principal executive office of the Corporation or at such other place as may be
designated by the Board of Directors or the Chief Executive Officer; provided, however, that any
meeting called by or at the demand of a shareholder or shareholders shall be held in the county
where the principal executive office of the Corporation is located.

     Section 1.02 Annual Meeting. An annual meeting of the shareholders shall be
held at such time and on such date as determined by the Board of Directors. At each annual
meeting the shareholders shall elect qualified successors for directors whose terms have expired or
are due to expire within six months after the date of the meeting and may transact any other
business; provided, however, that no business with respect to which special notice is required by
law shall be transacted unless such notice shall have been given.

     Section 1.03 Special Meetings. A special meeting of the shareholders may be
called for any purpose or purposes at any time by the Chief Executive Officer; by the Chief
Financial Officer; by the Board of Directors or any two or more members thereof; or by one or more
shareholders holding not less than ten percent of the voting power of all shares of the Corporation
entitled to vote (except that a special meeting for the purpose of considering any action to
directly or indirectly facilitate or effect a business combination, including any action to change
or otherwise affect the composition of the Board of Directors for that purpose, must be called by
twenty-five percent (25%) or more of the voting power of all shares entitled to vote), who shall
demand such special meeting by written notice given to the Chief Executive Officer or the Chief
Financial Officer of the Corporation specifying the purposes of such meeting.

     Section 1.04 Meetings Held Upon Shareholder Demand. Within 30 days of
receipt of a demand by the Chief Executive Officer or the Chief Financial Officer from any
shareholder or shareholders entitled to call a meeting of the shareholders, it shall be the duty of
the Board of Directors of the Corporation to cause a special or annual meeting of shareholders, as
the case may be, to be duly called and held on notice no later than 90 days after receipt of such
demand. If the Board of Directors fails to cause such a meeting to be called and held as required
by this Section, the shareholder or shareholders making

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the demand may call the meeting by giving notice as provided in Section 1.06 hereof at the expense
of the Corporation.

     Section 1.05 Adjournments. Any meeting of the shareholders may be adjourned
from time to time to another date, time and place. If any meeting of the shareholders is so
adjourned, no notice as to such adjourned meeting need be given if the date, time and place at
which the meeting will be reconvened are announced at the time of adjournment and the adjourned
meeting is held not more than 120 days after the date fixed for the original meeting.

     Section 1.06 Notice of Meetings. Except as otherwise specified in Section
1.05 or required by law, written notice of each meeting of the shareholders, stating the date, time
and place, and in the case of a special meeting, the purpose or purposes, shall be given at least
ten days and not more than 60 days prior to the meeting to every holder of shares entitled to vote
at such meeting. The business transacted at a special meeting of shareholders is limited to the
purposes stated in the notice of the meeting.

     Section 1.07 Waiver of Notice. A shareholder may waive notice of the date,
time, place and purpose or purposes of a meeting of shareholders. A waiver of notice by a
shareholder entitled to notice is effective whether given before, at or after the meeting, and
whether given in writing, orally or by attendance. Attendance by a shareholder at a meeting is a
waiver of notice of that meeting, unless the shareholder objects at the beginning of the meeting to
the transaction of business because the meeting is not lawfully called or convened, or objects
before a vote on an item of business because the item may not lawfully be considered at that
meeting and does not participate in the consideration of the item at that meeting.

     Section 1.08 Quorum; Acts of Shareholders. The holders of a majority of the
voting power of the shares entitled to vote at a shareholders meeting are a quorum for the
transaction of business. If a quorum is present when a duly called or held meeting is convened,
the shareholders present may continue to transact business until adjournment, even though the
withdrawal of a number of the shareholders originally present leaves less than the proportion or
number otherwise required for a quorum. Except as otherwise required by law or specified in the
Articles of Incorporation of the Corporation, the shareholders shall take action by the affirmative
vote of the holders of a majority of the voting power of the shares present and entitled to vote at
a duly held meeting of shareholders.

     Section 1.09 Voting Rights. Subdivision 1. A shareholder shall have one
vote for each share held which is entitled to vote. Except as otherwise required by law, a holder
of shares entitled to vote may vote any portion of the shares in any way the shareholder chooses.
If a shareholder votes without designating the proportion or number of shares voted in a particular
way, the shareholder is deemed to have voted all of the shares in that way.

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     Subdivision 2. The Board (or an officer of the Corporation, if authorized by the
Board) may fix a date not more than 60 days before the date of a meeting of shareholders as the
date for the determination of the holders of shares entitled to notice of and entitled to vote at
the meeting. When a date is so fixed, only shareholders on that date are entitled to notice of and
permitted to vote at that meeting of shareholders.

     Section 1.10 Proxies. A shareholder may cast or authorize the casting of a
vote by filing a written appointment of a proxy with an officer of the Corporation at or before the
meeting at which the appointment is to be effective. In addition, a shareholder may cast or
authorize the written appointment by telegram, cablegram, or other means of electronic transmission
(including telephonic transmission), whether or not accompanied by written instructions of the
shareholder. The electronic transmission must set forth or be submitted with information from
which it can be determined that the appointment was authorized by the shareholder. Any copy,
facsimile telecommunication, or other reproduction of the original of either the writing or
transmission may be used in lieu of the original, provided that it is a complete and legible
reproduction of the entire original.

     Section 1.11 Action Without a Meeting. Any action required or permitted to
be taken at a meeting of the shareholders of the Corporation may be taken without a meeting by
written action signed by all of the shareholders entitled to vote on that action. The written
action is effective when it has been signed by all of those shareholders, unless a different
effective time is provided in the written action.

     Section 1.12 Advance Notice of Shareholder Proposals. Subdivision 1. As
provided in Section 1.06, the business conducted at any special meeting of shareholders of the
Corporation shall be limited to the purposes stated in the notice of the special meeting. At any
regular meeting of shareholders of the Corporation, only such business (other than the nomination
and election of directors, which shall be subject to the Corporation’s Articles of Incorporation)
may be conducted as shall be appropriate for consideration at the meeting of shareholders and as
shall have been brought before the meeting (a) by or at the direction of the Board of Directors or
(b) by any shareholder of the Corporation entitled to vote at the meeting who complies with the
notice procedures set forth in this Section.

     Subdivision 2. Timing of Notice. For such business to be properly brought
before any regular meeting by a shareholder, the shareholder must have given timely notice thereof
in writing to the Secretary of the Corporation. To be timely, a shareholder’s notice of any such
business to be conducted at an annual meeting must be delivered to the Secretary of the
Corporation, or mailed and received at the principal executive office of the Corporation, not less
than 90 days before the first anniversary of the date of the preceding year’s annual meeting of
shareholders. If, however, the date of the annual meeting of shareholders is more than 30 days
before or after such anniversary date, notice by a shareholder shall be timely only if so delivered
or so mailed and received

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not less than 90 days before such annual meeting or, if later, within 10 days after the first
public announcement of the date of such annual meeting. To be timely, a shareholder’s notice of
any such business to be conducted at a regular meeting other than an annual meeting must be
delivered to the Secretary of the Corporation, or mailed and received at the principal executive
office of the Corporation, not less than 90 days before such regular meeting or, if later, within
10 days after the first public announcement of the date of such regular meeting. Except to the
extent otherwise required by law, the adjournment of a regular meeting of shareholders shall not
commence a new time period for the giving of a shareholder’s notice as required above.

     Subdivision 3. Content of Notice. A shareholder’s notice to the Corporation
shall set forth as to each matter the shareholder proposes to bring before the regular meeting
(a) a brief description of the business desired to be brought before the meeting and the reasons
for conducting such business at the meeting, (b) the name and address, as they appear on the
Corporation’s books, of the shareholder proposing such business, (c) the class or series (if any)
and number of shares of the Corporation that are beneficially owned by the shareholder, (d) any
material interest of the shareholder in such business, and (e) a representation that the
shareholder is a holder of record of shares entitled to vote at the meeting and intends to appear
in person or by proxy at the meeting to make the proposal.

     Subdivision 4. Consequences of Failure to Give Timely Notice.
Notwithstanding anything in these By-Laws to the contrary, no business (other than the nomination
and election of directors) shall be conducted at any regular meeting except in accordance with the
procedures set forth in this Section. The officer of the Corporation chairing the meeting shall,
if the facts warrant, determine and declare to the meeting that business was not properly brought
before the meeting in accordance with the procedures described in this Section and, if such officer
should so determine, such officer shall so declare to the meeting, and any such business not
properly brought before the meeting shall not be transacted. Nothing in this Section shall be
deemed to preclude discussion by any shareholder of any business properly brought before the
meeting in accordance with these By-Laws.

     Subdivision 5. Public Announcement. For purposes of this Section, “public
announcement” means disclosure (a) when made in a press release reported by the Dow Jones News
Service, Associated Press, or comparable national news service, (b) when filed in a document
publicly filed by the Corporation with the Securities and Exchange Commission pursuant to Section
13, 14, or 15(d) of the Securities Exchange Act of 1934, as amended, or (c) when mailed as the
notice of the meeting pursuant to Section 1.06.

     Subdivision 6. Compliance with Law. Notwithstanding the foregoing provisions
of this Section, a shareholder shall also comply with all applicable requirements of Minnesota law
and the Securities Exchange Act of 1934, as amended,

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and the rules and regulations thereunder with respect to the matters set forth in this Section.

DIRECTORS

     Section 2.01 Place of Meetings. Each meeting of the Board of Directors shall
be held at the principal executive office of the Corporation or at such other place as may be
designated from time to time by a majority of the members of the Board or by the Chairman of the
Board.

     Section 2.02 Notice of Meetings. A meeting of the Board of Directors
may be called for any purpose or purposes at any time by any member of the Board by giving not less
than one nor more than 30 days’ notice to all directors of the date, time and place of the meeting.
The notice need not state the purpose of the meeting.

     Section 2.03 Waiver of Notice; Previously Scheduled Meetings. Subdivision 1.
A director of the Corporation may waive notice of the date, time and place of a meeting of the
Board. A waiver of notice by a director entitled to notice is effective whether given before, at
or after the meeting, and whether given in writing, orally or by attendance. Attendance by a
director at a meeting is a waiver of notice of that meeting, unless the director objects at the
beginning of the meeting to the transaction of business because the meeting is not lawfully called
or convened and thereafter does not participate in the meeting.

     Subdivision 2. If the day or date, time and place of a Board meeting have been
provided herein or announced at a previous meeting of the Board, no notice is required. Notice of
an adjourned meeting need not be given other than by announcement at the meeting at which the
adjournment is taken of the date, time and place at which the meeting will be reconvened.

     Section 2.04 Quorum; Acts of Board. The presence in person of a majority of
the directors currently holding office shall be necessary to constitute a quorum for the
transaction of business. In the absence of a quorum, a majority of the directors present may
adjourn a meeting from time to time without further notice until a quorum is present. If a quorum
is present when a duly held meeting is convened, the directors present may continue to transact
business until adjournment, even though the withdrawal of a number of the directors originally
present leaves less than the proportion or number otherwise required for a quorum. Except as
otherwise required by law or specified in the Articles of Incorporation of the Corporation, the
Board shall take action by the affirmative vote of a majority of the directors present at a duly
held meeting.

     Section 2.05 Electronic Communications. A conference among directors by any
means of communication through which directors may simultaneously hear each other during the
conference constitutes a Board meeting, if the same notice is given of the

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conference as would be required for a meeting, and if the number of directors participating in the
conference would be sufficient to constitute a quorum at a meeting. A director may participate in
a Board meeting not described in the immediately preceding sentence by any means of communication
through which the director, other directors so participating and all directors physically present
at the meeting may simultaneously hear each other during the meeting. Participation in a meeting
by any means referred to in this Section 2.05 constitutes presence in person at the meeting.

     Section 2.06 Absent Directors. A director of the Corporation may give
advance written consent or opposition to a proposal to be acted on at a Board meeting. If the
director is not present at the meeting, consent or opposition to a proposal does not constitute
presence for purposes of determining the existence of a quorum, but consent or opposition shall be
counted as a vote in favor of or against the proposal and shall be entered in the minutes or other
record of action at the meeting, if the proposal acted on at the meeting is substantially the same
or has substantially the same effect as the proposal to which the director has consented or
objected.

     Section 2.07 Action Without a Meeting. An action required or permitted to be taken
at a Board meeting, other than an action requiring shareholder approval, may be taken by written
action signed by the number of directors that would be required to take the same action at a
meeting of the Board at which all directors were present. The written action is effective when
signed by the required number of directors, unless a different effective time is provided in the
written action. When written action is taken by less than all directors, all directors shall be
notified immediately of its text and effective date.

     Section 2.08 Committees. Subdivision 1. A resolution approved by the
affirmative vote of a majority of the Board may establish committees having the authority of the
Board in the management of the business of the Corporation only to the extent provided in the
resolution. Committees shall be subject at all times to the direction and control of the Board,
except as provided in Section 2.09.

     Subdivision 2. A committee shall consist of one or more natural persons, who need not
be directors, appointed by affirmative vote of a majority of the directors present at a duly held
Board meeting.

     Subdivision
3. Section 2.01 and Sections 2.02 to 2.07 hereof shall apply to
committees and members of committees to the same extent as those Sections apply to the Board and
directors.

     Subdivision 4. Minutes, if any, of committee meetings shall be made available upon
request to members of the committee and to any director.

     Section 2.09 Committee of Disinterested Persons. Pursuant to the procedure
set forth in Section 2.08 the Board may establish a committee composed of two or more

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disinterested directors or other disinterested persons to determine whether it is in the best
interests of the Corporation to pursue a particular legal right or remedy of the Corporation and
whether to cause the dismissal or discontinuance of a particular proceeding that seeks to assert a
right or remedy on behalf of the Corporation. The committee, once established, is not subject to
the direction or control of, or termination by, the Board. A vacancy on the committee may be
filled by a majority vote of the remaining committee members. The good faith determinations of the
committee are binding upon the Corporation and its directors, officers and shareholders. The
committee terminates when it issues a written report of its determinations to the Board.

     Section 2.10 Compensation. The Board may fix the compensation, if any, of
directors.

OFFICERS

     Section 3.01 Number and Designation. The Corporation shall have one or more
natural persons exercising the functions of the offices of Chief Executive Officer and Chief
Financial Officer. The Board of Directors may elect or appoint such other officers or agents as it
deems necessary for the operation and management of the Corporation, with such powers, rights,
duties and responsibilities as may be determined by the Board, including, without limitation, a
Chairman of the Board, a President, one or more Vice Presidents, a Secretary and a Treasurer, each
of whom shall have the powers, rights, duties and responsibilities set forth in these By-Laws
unless otherwise determined by the Board. Any of the offices or functions of those offices may be
held by the same person.

     Section 3.02 Chief Executive Officer. Unless provided otherwise by a
resolution adopted by the Board of Directors, the Chief Executive Officer (a) shall have general
active management of the business of the Corporation; (b) shall, when present, preside at all
meetings of the shareholders and Board of Directors; (c) shall see that all orders and resolutions
of the Board are carried into effect; (d) shall sign and deliver in the name of the Corporation any
deeds, mortgages, bonds, contracts or other instruments pertaining to the business of the
Corporation, except in cases in which the authority to sign and deliver is required by law to be
exercised by another person or is expressly delegated by the Articles, these By-Laws or the Board
to some other officer and agent of the Corporation; (e) may maintain records of and certify
proceedings of the Board and shareholders; and (f) shall perform such other duties as may from time
to time be assigned by the Board.

     Section 3.03 Chief Financial Officer. Unless provided otherwise by a
resolution adopted by the Board of Directors, the Chief Financial Officer (a) shall keep accurate
financial records for the Corporation; (b) shall deposit all monies, drafts and checks in the name
of and to the credit of the Corporation in such banks and depositories

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as the Board of Directors shall designate from time to time; (c) shall endorse for deposit all
notes, checks and drafts received by the Corporation as ordered by the Board, making proper
vouchers therefor; (d) shall disburse corporate funds and issue checks and drafts in the name of
the Corporation, as ordered by the Board; (e) shall render to the Chief Executive Officer and the
Board of Directors, whenever requested, an account of all transactions as Chief Financial Officer
and of the financial condition of the Corporation; and (f) shall perform such other duties as may
be prescribed by the Board of Directors or the Chief Executive Officer from time to time.

     Section 3.04 Chairman of the Board. Unless otherwise determined by the
Board, the Chairman of the Board shall be the Chief Executive Officer of the Corporation. If an
officer other than the Chairman of the Board is designated Chief Executive Officer, the Chairman of
the Board shall perform such duties as may from time to time be assigned by the Board.

     Section 3.05 President. The President shall perform such duties as may from
time to time be assigned by the Board.

     Section 3.06 Vice Presidents. Any one or more of the Vice Presidents may be
designated by the Board as an Executive or Senior Vice President, and each Vice President shall
have such authority and perform such duties as the Board may from time to time determine.

     Section 3.07 Secretary. The Secretary(or any Assistant Secretary), unless
otherwise determined by the Board, shall attend all meetings of the shareholders and all meetings
of the Board of Directors, shall record or cause to be recorded all proceedings thereof in a book
to be kept for that purpose, and may certify such proceedings. Except as otherwise required or
permitted by law or by these By-Laws, the Chairman, Chief Executive Officer or Secretary shall give
or cause to be given notice of all meetings of the shareholders and all meetings of the Board of
Directors.

     Section 3.08 Treasurer. Unless otherwise determined by the Board, the
Treasurer shall be the Chief Financial Officer of the Corporation. If an officer other than the
Treasurer is designated Chief Financial Officer, the Treasurer shall perform such duties as may
from time to time be assigned by the Board.

     Section 3.09 Authority and Duties. In addition to the foregoing authority
and duties, all officers of the Corporation shall respectively have such authority and perform such
duties in the management of the business of the Corporation as may be designated from time to time
by the Board of Directors. Unless prohibited by a resolution approved by the affirmative vote of a
majority of the directors present, an officer elected or appointed by the Board may, without the
approval of the Board, delegate some or all of the duties and powers of an office to other persons.

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     Section 3.10 Term. Subdivision 1. All officers of the Corporation shall
hold office until their respective successors are chosen and have qualified or until their earlier
death, resignation or removal.

     Subdivision 2. An officer may resign at any time by giving written notice to the
Corporation. The resignation is effective without acceptance when the notice is given to the
Corporation, unless a later effective date is specified in the notice.

     Subdivision 3. An officer may be removed at any time, with or without cause, by a resolution
approved by the affirmative vote of a majority of the directors present at a duly held Board
meeting.

     Subdivision 4. A vacancy in an office because of death, resignation, removal,
disqualification or other cause may, or in the case of a vacancy in the office of Chief Executive
Officer or Chief Financial Officer, shall be filled for the unexpired portion of the term of the
Board.

     Section 3.11 Salaries. The salaries of all executive officers of the
Corporation shall be fixed by the Board of Directors, by a duly authorized committee thereof, or by
the Chief Executive Officer if authorized by the Board.

INDEMNIFICATION

     Section 4.01 Indemnification. The Corporation shall indemnify such persons,
for such expenses and liabilities, in such manner, under such circumstances, and to such extent, as
required or permitted by Minnesota Statues, Section 302A.521, as amended from time to
time(including by any successor provisions thereto), or as required or permitted by other
provisions of law. To the extent permitted by applicable law, a person successfully petitioning a
court for indemnification or advancement of expenses pursuant to Minnesota Statutes, Section
302A.521, Subd. 6(a)(5) (or any amended or successor provisions thereto), shall be indemnified by
the Corporation for his or her attorneys’ fees and disbursements incurred in connection with such
court proceedings.

     Section 4.02 Insurance. The Corporation may purchase and maintain insurance
on behalf of any person in such person’s official capacity against any liability asserted against
and incurred by such person in or arising from that capacity, whether or not the Corporation would
otherwise be required to indemnify the person against the liability.

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SHARES

     Section 5.01 Certificated and Uncertificated Shares. Subdivision 1. The
shares of the Corporation shall be either certificated shares or uncertificated shares. Each
holder of duly issued certificated shares is entitled to a certificate of shares.

     Subdivision 2. Each certificate of shares of the Corporation shall bear the corporate seal,
if any, and shall be signed by the Chief Executive Officer, or the Chairman of the Board, the
President or any Vice President, and the Chief Financial Officer, or the Secretary or any Assistant
Secretary, but when a certificate is signed by a transfer agent or a registrar, the signature of
any such officer and the corporate seal upon such certificate may be facsimiles, engraved or
printed. If a person signs or has a facsimile signature placed upon a certificate while an
officer, transfer agent or registrar of the Corporation, the certificate may be issued by the
Corporation, even if the person has ceased to serve in that capacity before the certificate is
issued, with the same effect as if the person had that capacity at the date of its issue.

     Subdivision 3. A certificate representing shares issued by the Corporation shall, if the
Corporation is authorized to issue shares of more than one class or series, set forth upon the face
or back of the certificate, or shall state that the Corporation will furnish to any shareholder
upon request and without charge, a full statement of the designations, preferences, limitations and
relative rights of the shares of each class or series authorized to be issued, so far as they have
been determined, and the authority of the Board to determine the relative rights and preferences of
subsequent classes or series.

     Subdivision 4. A resolution approved by the affirmative vote of a majority of the
directors present at a duly held meeting of the Board may provide that some or all of any or all
classes and series of the shares of the Corporation will be uncertificated shares. Any such
resolution shall not apply to shares represented by a certificate until the certificate is
surrendered to the Corporation.

     Section 5.02 Declaration of Dividends and Other Distributions. The Board of
Directors shall have the authority to declare dividends and other distributions upon the shares of
the Corporation to the extent permitted by law.

     Section 5.03 Transfer of Shares. Shares of the Corporation may be
transferred only on the books of the Corporation by the holder thereof, in person or by the
holder’s attorney. In the case of certificated shares, shares shall be transferred only upon
surrender and cancellation of certificates for a like number of shares. The Board of Directors,
however, may appoint one or more transfer agents and registrars to maintain the share records of
the Corporation and to effect transfers of shares.

     Section 5.04 Record Date. The Board of Directors may fix a time, not
exceeding 60 days preceding the date fixed for the payment or any dividend or other

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distribution, as a record date for the determination of the shareholders entitled to receive
payment of such dividend or other distribution, and in such case only shareholders of record on the
date so fixed shall be entitled to receive payment of such dividend or other distribution,
notwithstanding any transfer of any shares on the books of the Corporation after any record date so
fixed.

     Section 5.05 Option Repricing. Neither the Board of Directors nor any
committee thereof shall cause the Corporation to reprice any options to purchase the Corporation’s
stock which at the time of repricing are already issued and outstanding without the prior approval
of the shareholders of the Corporation.

MISCELLANEOUS

     Section 6.01 Execution of Instruments. Subdivision 1. All deeds, mortgages,
bonds, checks, contracts and other instruments pertaining to the business and affairs of the
Corporation shall be signed on behalf of the Corporation by the Chief Executive Officer, or the
Chairman of the Board, the President, or any Vice President, or by such other person or persons as
may be designated from time to time by the Board of Directors.

     Subdivision 2. If a document must be executed by persons holding different offices or
functions and one person holds such offices or exercises such functions, that person may execute
the document in more than one capacity if the document indicates each such capacity.

     Section 6.02 Advances. The Corporation may, without a vote of the directors,
advance money to its directors, officers or employees to cover expenses that can reasonably be
anticipated to be incurred by them in the performance of their duties and for which they would be
entitled to reimbursement in the absence of an advance.

     Section 6.03 Corporate Seal. The seal of the Corporation, if any, shall be a
circular embossed seal having inscribed thereon the name of the Corporation and the following
words:

“Corporate Seal Minnesota.”

     Section 6.04 Fiscal Year. The fiscal year of the Corporation shall be
determined by the Board of Directors.

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Exhibit 4.3

ARTICLES OF AMENDMENT

OF

RESTATED ARTICLES OF INCORPORATION

OF

FSI INTERNATIONAL, INC.

          The undersigned, Benno G. Sand, Executive Vice President, Chief Financial Officer and
Secretary of FSI International, Inc., a Minnesota corporation (the “Company”), hereby
certifies (i) that Article III of the Company’s Restated Articles of Incorporation has been
amended, effective at the close of business on June 19, 1995 (the “Effective Time”), to read
in its entirety as follows:

“ARTICLE III

          The aggregate number of shares that this Corporation has authority to issue is
60,000,000. The shares are classified in two classes, consisting of 10,000,000 shares of
Preferred Stock, which shares shall have no designated par value, and 50,000,000 shares of
Common Stock, which shares shall have no designated par value. The Board of Directors is
authorized to establish one or more series of Preferred Stock, setting forth the designation
of each such series, and fixing the relative rights and preferences of each such series.”

(ii) that such amendment has been adopted in accordance with the requirements of, and
pursuant to, Chapter 302A of the Minnesota Statutes; (iii) that such amendment was adopted
pursuant to Section 302A.402, Subd. 3, of the Minnesota Statutes in connection with a
two-for-one division of the Company’s Common Stock; and (iv) that such amendment will not
adversely affect the rights or preferences of the holders of outstanding shares of any class
or series of the Company and will not result in the percentage of authorized shares that
remains unissued after such division exceeding the percentage of authorized shares that were
unissued before the division.

          The division giving rise to the amendment set forth above concerns a two-for-one
division of the Common Stock of the Company. Such division is being effected as follows:

          (i) Effective at the Effective Time, each share of Common Stock outstanding immediately
prior to the Effective Time will be split and divided into two shares of Common Stock of the
Company, no designated par value per share, all of which shall be validly issued, fully paid
and nonassessable;

          (ii) each stock certificate representing a share or shares of Common Stock of the Company
immediately prior to the Effective Time shall continue to represent the same number of shares
following the Effective Time; and

 

 

          (iii) a stock certificate or certificates representing one additional share of the authorized
but previously unissued Common Stock of the Company for each share of Common Stock of the Company
outstanding immediately prior to the Effective Time shall be mailed or delivered on June 19, 1995
or as soon thereafter as practicable. The record date for determining the shareholders of record
entitled to receive such stock certificate or certificates with respect to Common Stock outstanding
as of the close of business on June 13, 1995, and remaining outstanding at the Effective Time,
shall be the close of business on June 13, 1995. With respect to each share of Common Stock, if
any, that is first issued and becomes outstanding after the close of business on June 13, 1995, but
prior to the Effective Time and remains outstanding at the Effective Time, the stock certificate
for the additional share resulting from the division of any such share of Common Stock shall be
mailed or delivered to the first holder of record to whom such share of Common Stock was issued.

	 	 	The foregoing Articles of Amendment shall take effect at the Effective Time previously
stated herein.

	 	 	IN WITNESS WHEREOF, I have subscribed my name this 13th day of June, 1995.

	 	 	 	 	 
	 

	 	/s/ Benno G. Sand	 	 
	 

	 	 

Benno G. Sand
	 	 

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ARTICLES OF AMENDMENT AND RESTATEMENT

OF

RESTATED ARTICLES OF INCORPORATION

OF

FSI INTERNATIONAL, INC.

          I, Alan G. Shuler, Secretary of FSI International, Inc., a Minnesota corporation, (the
“Company”), do hereby certify as follows:

          1. Amendments to the Restated Articles of Incorporation of the Company, adding
Articles IX and X to the Company’s Restated Articles of Incorporation in the forms of such Articles
IX and X as are included in the Amended and Restated Articles of Incorporation attached hereto as
Exhibit A, have been duly adopted pursuant to Chapter 302A of the Minnesota Statutes at the annual
meeting of the shareholders of the Company held on January 10, 1990.

          2. An amendment restating the Company’s Restated Articles of Incorporation in the form of
the Amended and Restated Articles of Incorporation attached hereto as Exhibit A has been approved
by the Company’s Board of Directors pursuant to Chapter 302A of the Minnesota Statutes. Such
amendment correctly sets forth without change the corresponding provisions of the Amended
and Restated Articles of Incorporation as previously amended.

	 	 	IN WITNESS WHEREOF, the undersigned has subscribed his name this 10 day of January, 1990.

	 	 	 	 	 
	 

	 	/s/ Alan G. Shuler	 	 
	 

	 	 

Alan G. Shuler, Secretary
	 	 

8776T

 

 

EXHIBIT A

January 10, 1990

AMENDED AND RESTATED ARTICLES OF INCORPORATION

OF

FSI INTERNATIONAL, INC.

ARTICLE I

          The name of this Corporation is FSI International, Inc.

ARTICLE II

          The registered office of this Corporation is located at 322 Lake Hazeltine Drive, Chaska,
Minnesota 55318.

ARTICLE III

          The aggregate number of shares that this Corporation has authority to issue is
35,000,000. The shares are classified in two classes, consisting of 10,000,000 shares of Preferred
Stock, which shares shall have no designated par value, and 25,000,000 shares of Common Stock,
which shares shall have no designated par value. The Board of Directors is authorized to establish
one or more series of Preferred Stock, setting forth the designation of each such series, and
fixing the relative rights and preferences of each such series.

ARTICLE IV

          No shareholder of this Corporation shall have any cumulative voting rights.

ARTICLE V

          No shareholder of this Corporation shall have any pre-emptive rights to subscribe for,
purchase or acquire any shares of the Corporation of any class, whether unissued or now or
hereafter authorized, or any obligations or other securities convertible into or exchangeable for
any such shares.

ARTICLE VI

          Any action required or permitted to be taken at a meeting of the Board of Directors of this
Corporation not needing approval by the shareholders under Minnesota Statutes, Chapter 302A, may
be taken by written action signed by the number of directors that would be required to take such
action at a meeting of the Board of Directors at which all directors are present.

 

 

ARTICLE VII

          Section 302A.671 of the Minnesota Statutes will not apply to any control share
acquisition of Corporation capital stock.

ARTICLE VIII

          No director of the Corporation shall be personally liable to the Corporation or its
shareholders for monetary damages for breach of fiduciary duty as a director; provided, however,
that this Article VIII shall not eliminate or limit the liability of a director to the extent
provided by applicable law (i) for any breach of the director’s duty of loyalty to the Corporation
or its shareholders, (ii) for acts or omissions not in good faith or that involve intentional
misconduct or a knowing violation of law, (iii) under section 302A.559 or 80A.23 of the
Minnesota Statutes, (iv) for any transaction from which the director derived an improper personal
benefit, or (v) for any act or omission occurring prior to the effective date of this Article
VIII. No amendment to or repeal of this Article VIII shall apply to or have any effect on the
liability or alleged liability of any director of the Corporation for or with respect to any acts
or omissions of such director occurring prior to such amendment or repeal.

ARTICLE IX

          The business and affairs of the Corporation shall be managed by or under the direction of
a Board of Directors consisting of not less than five nor more than eleven persons, who need not be
shareholders. The number of directors may be increased by the shareholders or Board of Directors or
decreased by the shareholders from the number of directors on the Board of Directors immediately
prior to the effective date of this Article IX; provided, however, that any change in the number of
directors on the Board of Directors (including, without limitation, changes at annual meetings of
shareholders) shall be approved by the affirmative vote of not less than seventy-five percent (75%)
of the votes entitled to be cast by the holders of all then outstanding shares of Voting Stock (as
defined in Article X), voting together as a single class, unless such change shall have been
approved by a majority of the entire Board of Directors. If such change shall not have been so
approved, the number of directors shall remain the same. The directors shall be divided into three
classes, designated Class I, Class II and Class III. Each class shall consist, as nearly as may be
possible, of one-third of the total number of directors constituting the entire Board of Directors.

          At the 1990 annual meeting of shareholders, Class I directors shall be elected for a one-year
term, Class II directors for a two-year term and Class III directors for a three-year term. At
each succeeding annual meeting of shareholders beginning in 1991, successors to the class of
directors whose terms expires at that annual meeting shall be elected for a three-year term. If
the number of directors is

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changed, any increase or decrease shall be apportioned among the classes so as to maintain
the number of directors in each class as nearly equal as possible, and any additional director of
any class elected to fill a vacancy resulting from an increase in such class shall hold office for
a term that shall coincide with the remaining term of that class. In no case will a decrease in
the number of directors shorten the term of any incumbent director. A director shall hold office
until the annual meeting for the year in which the director’s term expires and until a successor
shall be elected and qualify, subject, however, to prior death, resignation, retirement,
disqualification or removal from office. Removal of a director from office (including a director
named by the Board of Directors to fill a vacancy or newly created directorship), with or without
cause, shall require the affirmative vote of not less than seventy-five percent (75%) of the votes
entitled to be cast by the holders of all then outstanding shares of Voting Stock, voting together
as a single class. Any vacancy on the Board of Directors that results from an increase in the
number of directors may be filled by a majority of the Board of Directors then in office, and any
other vacancy occurring in the Board of Directors may be filled by a majority of the directors
then in office, although less than a quorum, or by a sole remaining director. Any director elected
to fill a vacancy not resulting from an increase in the number of directors shall have the same
remaining term as that of such director’s predecessor.

          Notwithstanding the foregoing, whenever the holders of any one or more classes of preferred
or preference stock issued by the Corporation shall have the right, voting separately by class or
series, to elect directors at an annual or special meeting of shareholders, the election, term of
office, filling of vacancies and other features of such directorships shall be governed by or
pursuant to the applicable terms of these Articles of Incorporation, and such directors so elected
shall not be divided into classes pursuant to this Article IX unless expressly provided by such
terms.

          No person (other than a person nominated by or on behalf of the Board of Directors) shall be
eligible for election as a director at any annual or special meeting of shareholders unless a
written request that his or her name be placed in nomination is received from a shareholder of
record by the Secretary of the Corporation not less than 60 days prior to the date fixed for the
meeting, together with the written consent of such person to serve as a director.

          Notwithstanding any other provisions of these Articles of Incorporation (and notwithstanding
the fact that a lesser percentage or separate class vote may be specified by law or these Articles
of Incorporation), the affirmative vote of the holders of not less than seventy-five percent (75%)
of the votes entitled to be cast by the holders of all then outstanding shares of Voting Stock,
voting together as a single class, shall be required to amend or repeal, or adopt any provisions
inconsistent with, this Article IX.

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ARTICLE X

          A. In addition to any affirmative vote required by law or these Articles of
Incorporation, a Business Combination (as hereinafter defined) shall, except as otherwise expressly
provided in Section B of this Article X, require the affirmative vote of not less than seventy-five
percent (75%) of the votes entitled to be cast by the holders of all then outstanding shares of
Voting Stock (as hereinafter defined), voting together as a single class. Such affirmative vote
shall be required notwithstanding the fact that no vote may be required, or that a lesser
percentage or separate class vote may be specified, by law or by any other provision of these
Articles of Incorporation or in any agreement with any national securities exchange or otherwise.

          B. The provisions of Section A of this Article X shall not be applicable to any particular
Business Combination, and such Business Combination shall require only such affirmative
vote, if any, as is required by law or by any other provision of these Articles of Incorporation or
in any agreement with any national securities exchange or otherwise, if the conditions specified
in either of the following Paragraphs 1 or 2 are met:

     1. The Business Combination shall have been approved by a majority of the Continuing
Directors (as hereinafter defined).

     2. All of the following conditions shall have been met:

     a. The aggregate amount of cash and the Fair Market Value (as hereinafter
defined) as of the date of the consummation of the Business Combination of
consideration other than cash to be received per share by holders of Common Stock in
such Business Combination shall be at least equal to the higher amount determined
under clauses (i) and (ii) below:

     (i) (if applicable) the highest per share price (including any
brokerage commissions, transfer taxes and soliciting dealers’ fees) paid by
or on behalf of the Interested Stockholder (as hereinafter defined) for any
share of Common Stock in connection with the acquisition by the Interested
Stockholder of beneficial ownership of shares of Common Stock (a) within the
two-year period immediately prior to the date of the first public
announcement of the proposed Business Combination (the “Announcement Date”)
or (b) in the transaction in which it became an Interested Stockholder,
whichever is higher; and

     (ii) the Fair Market Value per share of Common Stock on the Announcement Date or on the

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date on which the Interested Stockholder became an Interested Stockholder (such latter
date being referred to herein as the “Determination Date”), whichever is higher.

     b. The aggregate amount of cash and the Fair Market Value as of the date of the consummation
of the Business Combination of consideration other than cash to be received per share by holders of
shares of any class or series of outstanding Capital Stock (as hereinafter defined), other
than Common Stock, shall be at least equal to the highest amount determined under clauses (i), (ii)
and (iii) below:

     (i) (if applicable) the highest per share price (including any brokerage
commissions, transfer taxes and soliciting dealers’ fees) paid by or on behalf of the
Interested Stockholder for any share of such class or series of Capital Stock in
connection with the acquisition by the Interested Stockholder of beneficial ownership of
shares of such class or series of Capital Stock (a) within the two-year period
immediately prior to the Announcement Date or (b) in the transaction in which it became
an Interested Stockholder, whichever is higher;

     (ii) the Fair Market Value per share of such class or series of Capital Stock on the
Announcement Date or on the Determination Date, whichever is higher; and

     (iii) (if applicable) the highest preferential amount per share to which the holders
of shares of such class or series of Capital Stock would be entitled in the event of any
voluntary or involuntary liquidation, dissolution or winding up of the affairs of the
Corporation, regardless of whether the Business Combination to be consummated constitutes
such an event.

The provisions of this Paragraph 2.b shall be required to be met with respect to every class or
series of outstanding Capital Stock, whether or not the Interested Stockholder has previously
acquired beneficial ownership of any shares of a particular class or series of Capital Stock.

     c. The consideration to be received by holders of a particular class or series of outstanding
Capital Stock shall be in cash or in the same form as previously has been paid by or on
behalf of the Interested Stockholder in connection with its direct or indirect acquisition of
beneficial ownership of shares of such class or series of Capital Stock. If the consideration so
paid for shares of any class or series of Capital Stock varied as to form, the form of

-5-

 

consideration for such class or series of Capital Stock shall be either cash or the form
used to acquire beneficial ownership of the largest number of shares of such class or series of
Capital Stock previously acquired by the Interested Stockholder. The price determined in
accordance with Paragraphs 2.a and 2.b of Section B of this Article X shall be subject to
appropriate adjustment in the event of any stock dividend, stock split, combination of shares or
similar event.

     d. After such Interested Stockholder has become an Interested Stockholder and prior to the
consummation of such Business Combination: (i) there shall have been no failure to declare and pay
at the regular date therefor any full quarterly dividends (whether or
not cumulative) payable in
accordance with the terms of any outstanding Capital Stock, except as approved by a majority of the
Continuing Directors; (ii) there shall have been no reduction in the annual rate of dividends paid
on the Common Stock (except as necessary to reflect any stock dividend, stock split, combination
of shares or similar event), except as approved by a majority of the Continuing Directors; (iii)
there shall have been an increase in the annual rate of dividends paid on the Common Stock as
necessary to reflect any reclassification (including any reverse stock split), recapitalization,
reorganization or any similar transaction that has the effect of reducing the number of
outstanding shares of Common Stock, unless the failure to increase such annual rate is approved by
a majority of the Continuing Directors; and (iv) except as approved by a majority of the Continuing
Directors, such Interested Stockholder shall not have become the beneficial owner of any additional
shares of Capital Stock except as part of the transaction that results in such Interested
Stockholder becoming an Interested Stockholder and except in a transaction that, after giving
effect thereto, would not result in any increase in the Interested Stockholder’s percentage
beneficial ownership of any class or series of Capital Stock.

     e. After such Interested Stockholder has become an Interested Stockholder, such Interested
Stockholder shall not have received the benefit, directly or indirectly (except proportionately
as a shareholder of the Corporation), of any loans, advances, guarantees, pledges or other
financial assistance or any tax credits or other tax advantages provided by the
Corporation, whether in anticipation of or in connection with such Business Combination or
otherwise.

     f. A proxy or information statement describing the proposed Business Combination and complying
with the requirements of the Securities Exchange Act of 1934 and the rules and regulations
thereunder (the “Act”) (or any subsequent provisions replacing such Act, rules

-6-

 

or regulations) shall be mailed to all shareholders of the Corporation at least 30 days prior
to the consummation of such Business Combination (whether or not such proxy or information
statement is required to be mailed pursuant to the Act or subsequent provisions). The proxy or
information statement shall contain on the first page thereof, in a prominent place, any statement
as to the advisability (or inadvisability) of the Business Combination that a majority of the
Continuing Directors may choose to make and, if deemed advisable by a majority of the Continuing
Directors, the opinion of an investment banking firm selected by a majority of the Continuing
Directors as to the fairness (or lack of fairness) of the terms of the Business Combination from a
financial point of view to the holders of the outstanding shares of Capital Stock other than the
Interested Stockholder and its Affiliates (as hereinafter defined) or Associates (as hereinafter
defined).

     g. Such Interested Stockholder shall not have made or caused to be made any major change in
the Corporation’s business or equity capital structure without the approval of a majority of the
Continuing Directors.

     C. For the purposes of this Article X:

     1. The term “Business Combination” shall mean:

     a. any merger, consolidation or statutory exchange of shares of the Corporation or any
Subsidiary (as hereinafter defined) with (i) any Interested Stockholder or (ii) any other
corporation (whether or not itself an Interested Stockholder) which is, or after such merger,
consolidation or statutory share exchange would be, an Affiliate or Associate of an Interested
Stockholder; provided, however, that the foregoing shall not include the merger of a wholly
owned Subsidiary of the Corporation into the Corporation or the merger of two or more wholly
owned Subsidiaries of the Corporation; or

     b. any sale, lease, exchange, mortgage, pledge, transfer or other disposition (in one
transaction or a series of transactions) to or with an Interested Stockholder or any
Affiliate or Associate of any Interested Stockholder of any assets of the Corporation or any
Subsidiary with a value equal to or greater than ten percent (10%) of the book value of the
consolidated assets of the Corporation; or

     c. any sale, lease, exchange, mortgage, pledge, transfer or other disposition (in one
transaction or a series of transactions) to or with the Corporation or any Subsidiary of any
assets of any Interested Stockholder or any Affiliate or Associate of any

-7-

 

Interested Stockholder with a value equal to or greater than ten percent (10%) of
the book value of the consolidated assets of the Corporation; or

     d. the issuance or transfer by the Corporation or any Subsidiary (in one transaction or
a series of transactions) to any Interested Stockholder or any Affiliate or Associate of
any Interested Stockholder of any securities of the Corporation (except pursuant to stock
dividends, stock splits, or similar transactions which would not have the effect,
directly or indirectly, of increasing the proportionate share of any class or series of
Capital Stock, or any securities convertible into Capital Stock or into equity
securities of any Subsidiary, that is beneficially owned by any Interested Stockholder or
any Affiliate or Associate of any Interested Stockholder) or of any securities of a
Subsidiary (except pursuant to a pro rata distribution to all holders of Common Stock of the
Corporation); or

     e. the adoption of any plan or proposal for the liquidation or dissolution of the
Corporation proposed by or on behalf of an Interested Stockholder or any Affiliate or
Associate of any Interested Stockholder; or

     f. any transaction (whether or not with or otherwise involving an Interested
Stockholder) that has the effect, directly or indirectly, of increasing the proportionate
share of any class or series of Capital Stock, or any securities convertible into Capital
Stock or into equity securities of any Subsidiary, that is beneficially owned by any
Interested Stockholder or any Affiliate or Associate of any Interested Stockholder,
including, without limitation, any reclassification of securities (including any reverse
stock split), or recapitalization of the Corporation, or any merger, consolidation or
statutory exchange of shares of the Corporation with any of its Subsidiaries that has such
effect; or

     g. any agreement, contract or other arrangement or understanding providing for any one
or more of the actions specified in the foregoing clauses (a) to (f).

     2. The term “Capital Stock” shall mean all capital stock of the Corporation authorized to be
issued from time to time under Article III of these Articles of Incorporation. The term
“Voting Stock” shall mean all Capital Stock of the Corporation entitled to vote generally in the
election of directors of the Corporation.

     3. The term “person” shall mean any individual, firm, corporation or other entity and shall
include any group comprised of any person and any other person with whom such person or any
Affiliate or Associate of such person has any agreement, arrangement or understanding, directly
or

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indirectly, for the purpose of acquiring, holding, voting or disposing of Capital Stock.

     4. The term “Interested Stockholder” shall mean any person (other than the Corporation or any
Subsidiary and other than any profit-sharing, employee stock ownership or other employee benefit
plan of the Corporation or any Subsidiary or any trustee of or fiduciary with respect to any such
plan when acting in such capacity) who (a) is the beneficial owner of Voting Stock representing ten
percent (10%) or more of the vote entitled to be cast by the holders of all then outstanding shares
of Voting Stock; or (b) is an Affiliate or Associate of the Corporation and at any time within the
two-year period immediately prior to the date in question was the beneficial owner of Voting
Stock representing ten percent (10%) or more of the votes entitled to be cast by the holders of all
then outstanding shares of Voting Stock; or (c) is an assignee of or has otherwise succeeded to any
shares of Voting Stock which were at any time within the two-year period immediately prior to the
date in question beneficially owned by any Interested Stockholder, if such assignment or
succession shall have occurred in the course of a transaction or series of transactions not
involving a public offering within the meaning of the Securities Act of 1933.

     5. A person shall be a “beneficial owner” of any Capital Stock (a) which such person or any of
its Affiliates or Associates beneficially owns, directly or indirectly; (b) which such person or
any of its Affiliates or Associates has, directly or indirectly, (i) the right to acquire
(whether such right is exercisable immediately or subject only to the passage of time), pursuant to
any agreement, arrangement or understanding or upon the exercise of conversion rights,
exchange rights, warrants or options, or otherwise, or (ii) the right to vote pursuant to
any agreement, arrangement or understanding, or (iii) the right to dispose or direct the
disposition of, pursuant to any agreement, arrangement or understanding; or (c) which are
beneficially owned, directly or indirectly, by any other person with which such person or any of
its Affiliates or Associates has any agreement, arrangement or understanding for the purpose of
acquiring, holding, voting or disposing of any shares of Capital Stock. For the purposes of
determining whether a person is an Interested Stockholder pursuant to Paragraph 4 of this Section
C, the number of shares of Capital Stock deemed to be outstanding shall include shares deemed
beneficially owned by such person through application of this Paragraph 5, but shall not include
any other shares of Capital Stock that may be issuable pursuant to any agreement, arrangement
or understanding, or upon exercise of conversion rights, exchange rights, warrants or
options, or otherwise.

     6. The term “Affiliate,” used to indicate a relationship with a specified person, shall
mean a person that directly, or indirectly through one or more

-9-

 

intermediaries, controls, or is controlled by, or is under common control with, such
specified person. The term “Associate,” used to indicate a relationship with a specified person,
shall mean (a) any person (other than the Corporation or a Subsidiary) of which such specified
person is an officer or partner or is, directly or indirectly, the beneficial owner of ten percent
(10%) or more of any class of equity securities, (b) any trust or other estate in which such
specified person has a substantial beneficial interest or as to which such specified person serves
as trustee or in a similar fiduciary capacity, (c) any relative or spouse of such specified person
or any relative of such spouse, who has the same home as such specified person or who is a
director or officer of the Corporation or any Subsidiary, and (d) any person who is a director or
officer of such specified person or any of its parents or subsidiaries (other than the
Corporation or a Subsidiary).

     7. The term “Subsidiary” shall mean any corporation of which a majority of any class of equity
security is beneficially owned, directly or indirectly, by the Corporation; provided,
however, that for the purposes of Paragraph 4 of this Section C, the term “Subsidiary” shall mean
only a corporation of which a majority of each class of equity securities is beneficially
owned, directly or indirectly, by the Corporation.

     8. The term “Continuing Director” shall mean any member of the Board of Directors of the
Corporation, while such person is a member of the Board of Directors, who was a member of the Board
of Directors prior to the time that the Interested Stockholder involved in the Business Combination
in question became an Interested Stockholder, and any member of the Board of Directors, while such
person is a member of the Board of Directors, whose election, or nomination for election by the
Corporation’s shareholders, was approved by a vote of a majority of the Continuing Directors;
provided, however, that in no event shall an Interested Stockholder involved in the Business
Combination in question, or any Affiliate, Associate or representative of such Interested
Stockholder, be deemed to be a Continuing Director.

     9. The term “Fair Market Value” shall mean (a) in the case of cash, the amount of such cash;
(b) in the case of stock, the highest closing sale price during the 30-day period immediately
preceding the date in question of a share of such stock on the Composite Tape for New York Stock
Exchange-Listed Stocks, or, if such stock is not quoted on the Composite Tape, on the New York
Stock Exchange, or, if such stock is not listed on such Exchange, on the principal United States
securities exchange registered under the Act on which such stock is listed, or, if such stock is
not listed on any such exchange, the highest closing bid quotation with respect to a share of
such stock during the 30-day period preceding the date in question on the National Association of
Securities Dealers, Inc. Automated Quotations System or any similar system then in use, or, if no
such

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quotations are available, the fair market value on the date in question of a share of
such stock as determined by a majority of the Continuing Directors in good faith; and (c) in
the case of property other than cash or stock, the fair market value of such property on the
date in question as determined in good faith by a majority of the Continuing Directors.

     10. In the event of any Business Combination in which the Corporation survives, the
phrase “consideration other than cash to be received” as used in Paragraphs 2.a and 2.b of
Section B of this Article X shall include the shares of Common Stock and/or the shares of
any other class or series of Capital Stock retained by the holders of
such shares.

          D. The Continuing Directors by majority vote shall have the power to determine for the
purposes of this Article X, on the basis of information known to them after reasonable inquiry,
(a) whether a person is an Interested Stockholder,
(b) the number of shares of Capital Stock (including Voting Stock) or other securities beneficially
owned by any person,
(c) whether a person is an Affiliate or Associate of another,
(d) whether the assets that are the subject of any Business Combination equal or exceed ten percent
(10%) of the book value of the consolidated assets of the Corporation, (e) whether a proposed plan
of dissolution or liquidation is proposed by or on behalf of an Interested Stockholder or any
Affiliate or Associate of any Interested Stockholder, (f) whether any transaction has the
effect, directly or indirectly, of increasing the proportionate share of any class or series of
Capital Stock, or any securities convertible into Capital Stock or into equity securities of
any Subsidiary, that is beneficially owned by an Interested Stockholder or any Affiliate or
Associate of an Interested Stockholder, (g) whether any Business Combination satisfies the
conditions set forth in Paragraph 2 of Section B of this Article X, and (h) such other matters
with respect to which a determination is required under this Article X. Any such determination
made in good faith shall be binding and conclusive on all parties.

          E. Nothing contained in this Article X shall be construed to relieve any Interested
Stockholder from any fiduciary obligation imposed by law.

          F. The fact that any Business Combination complies with the provisions of Section B of this
Article X shall not be construed to impose any fiduciary duty, obligation or responsibility
on the Board of Directors, or any member thereof, or the Continuing Directors, or any of them, to
approve such Business Combination or recommend its adoption or approval to the shareholders of the
Corporation, nor shall such compliance limit, prohibit or otherwise restrict in any manner the
Board of Directors, or any member thereof, or the Continuing Directors, or any of them, with
respect to evaluations of or actions and responses taken with respect to such Business Combination.

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          G. Notwithstanding any other provisions of these Articles of Incorporation (and
notwithstanding the fact that a lesser percentage or separate class vote may be specified by law or
these Articles of Incorporation), the affirmative vote of the holders of not less than seventy-five
percent (75%) of the votes entitled to be cast by the holders of all then outstanding shares of
Voting Stock, voting together as a single class, shall be required to amend or repeal, or adopt any
provisions inconsistent with, this Article X.

8715T

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