Document:

Exhibit 10.1 

 

Surrender of Preferred Stock Options

 

I, the undersigned, being
the founder and principal shareholder of ShiftPixy, Inc. (the “Company”), and having been granted, on August 13, 2021,
options (“Preferred Options”) to acquire 12,500,000 shares of the Company’s Preferred Class A Stock, par value
of $0.0001 per share (“Preferred Stock”), for $0.0001 per share, exercisable for a period of twenty-four months upon—

 

(i) the acquisition of a controlling interest
in the Company by any single shareholder or group of shareholders acting in concert (other than Mr. Absher), or (ii) the announcement
of (x) any proposed merger, consolidation, or business combination in which the Company’s Common Stock is changed or exchanged,
or (y) any sale or distribution of at least 50% of the Company’s assets or earning power, other than through a reincorporation,

 

and being the sole owner of such Preferred Options,
and having authority to surrender the same, and affirming that my execution, delivery and performance of this instrument in surrendering
the Preferred Options and tendering the additional consideration as described herein does not and will not conflict with or result in
a violation of any agreement, law, rule, regulation, order, judgment, injunction, decree or other restriction of any court or governmental
authority which would interfere with my ability to perform my obligations under this instrument, and for value received from the Company,
namely, the issuance to me of 12,500,000 shares of the aforesaid Preferred Stock (the “Issuance”), do hereby (a) surrender
to the Company any and all of my rights, title and interest in and to the Preferred Options, and (b) tender payment to the Company of
the sum of Five Thousand Dollars ($5,000) as further consideration for the Issuance.

 

In witness whereof, the undersigned
sets forth his signature below, this Surrender of Preferred Stock Options to be effective as of the 14th day of July 2022.

 

	/s/ Scott W. Absher	 	 
	Scott W. Absher	 	 

 

	Agreed and accepted:	 
	SHIFTPIXY, INC.	 
	 	 	 
	By:	/s/ Manny Rivera	 
	 	Manny Rivera	 
	 	Acting CFOExhibit 10.2

 

 

BYLAWS

of

ShiftPixy,
Inc. 

a
Wyoming Corporation

 

ARTICLE
I.

OFFICES
AND AGENT

 

Section
1. Principal Office.

 

The
principal office of the corporation in the State of Wyoming shall be located in the City of Cheyenne,
Wyoming. The corporation may have such other offices, either within or without the State of Wyoming, as the Board of Directors may designate
or as the business of the corporation may require from time to time.

 

Section
2. Registered Office. [Section 17-16-501-502.]

 

The registered office
of the corporation required to be maintained in the State of Wyoming may be, but need not be, identical with the principal office or
place of business in the State of Wyoming, and the address of the registered office may be changed from time to time by the Board of
Directors in accord with the law of Wyoming.

 

Section
3. Registered Agent. [Sections 17-16-501-509.]

 

The Registered Agent
of the corporation required by law shall be the Secretary of State and the post office address to which he shall send process shall be
as initially designated in the Certificate of Incorporation and may resign or change address or be changed by the Board of Directors
from time to time in accord with the law of Wyoming.

 

ARTICLE
II.

SHAREHOLDERS

 

Section
1. Annual Meeting. [Section 17-16-701.]

 

Unless the date and
time of the annual meeting is otherwise determined by the Board of Directors, the annual meeting of the Shareholders shall be held on
the first Monday in the month of March in each year, beginning with the year after incorporation, at the hour of 11 o'clock A.M., for
the purpose of electing Directors and for the transaction of such other business as may come before the meeting. If the day fixed for
the annual meeting shall be a legal holiday in the State of Wyoming such meeting shall be held on the next succeeding business day. If
the election of Directors shall not be held on the day designated herein for any annual meeting of the Shareholders, 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 conveniently
may be.

 

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Section
2. Special Meetings. [Section 17-16-702.]

 

Special meetings of
the Shareholders, for any purpose or purposes, unless otherwise prescribed by statute, may be called by the Chairman of the Board of
Directors, of the President or by the Board of Directors, and shall be called by the President at the request of any person owning the
number of outstanding shares of the corporation entitled to vote at the meeting as set forth in Wyoming law.

 

Section
3. Place of Meeting. [Sections 17-16-702-703.]

 

The Board of Directors
may designate any place, either within or without the State of Wyoming, as the place of meeting for any annual meeting or for any special
meeting called by the Board of Directors. A waiver of notice signed by all Shareholders entitle to vote at a meeting may designate any
place, either within or without the State of Wyoming, as the place for the holding of such meeting. If no designation is made, or if
a special meeting be otherwise called, the place of meeting shall be the registered office of the corporation in the State of Wyoming.

 

Section
4. Notice of Meeting. [Sections 17-16-705-706.]

 

Written or printed
notice stating the place, day and hour of the meeting and, in case of a special meeting, the purpose or purposes for which the meeting
is called, and other contents required by law, shall be delivered not less than ten nor more than 60 days before the date of the meeting,
either personally or by mail, but or at the direction of the Chairman, President, or the Secretary, or the officer of persons called
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, addressed to the Shareholder at his address as it appears on the records of the corporation, with
postage thereon prepaid. Written waiver of attendance at such meeting without protest by the Shareholder shall be equivalent to the giving
of such notice and cure any deficiency therein.

 

Section
5. Fixing of Record Date. [Sections 17-16-703, -704, -707.]

 

Subject to applicable
law, for the purpose of determining Shareholders entitled to notice of or to vote at any meeting of Shareholders or any adjournment thereof,
or Shareholders entitled to receive payment of any dividend, or in order to make a determination of Shareholders for any other proper
purpose, the Board of Directors or an authorized officer may fix in advance a date as the record date for any such determination of Shareholders,
such date in any case to be not more than 60 days and, in case of a meeting of Shareholders, not less than ten days prior to the date
on which the particular action, requiring such determination of Shareholders, is to be taken. If no record date is fixed for the determination
of Shareholders entitled to notice of or to vote at a meeting of Shareholders, or Shareholders entitled to receive payment of a dividend,
the date on which the resolution of the Board of Directors declaring such meeting or dividend is adopted, as the case may be, shall be
the record date for such determination of Shareholders. When a determination of Shareholders entitled to vote at any meeting of Shareholders
has been made as provided in this section, such determination shall apply to any adjournment thereof.

 
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Section
6. Electronic Communications. [Section 17-16-701.]

 

A
meeting of the Shareholders in the form of a conference among Shareholders may be held by electronic
communication as permitted by Wyoming law.

 

Section
7. Voting Lists. [Section 17-16-720.]

 

The
officer or agent having charge of the stock transfer books for shares of the corporation shall make a complete list of the Shareholders
entitled to vote at such meeting, or any adjournment thereof, arranged in alphabetical order, with the address of an the number of share
held by each, which list shall be kept on file at the registered office of the corporation and shall be subject to inspection by any
Shareholder at any time during usual business hours. Such list shall also be produced and kept open at the time and place of the meeting
and shall be subject to the inspection of any Shareholder during the whole time of the meeting. The
original stock transfer book shall be prima facie evidence as to who are the Shareholders entitled to examine such list of transfer books
or to vote at any meeting of Shareholders.

 

Section
8. Quorum. [Sections 17-16-725, -1021.]

 

A majority of the
outstanding shares of the corporation entitled to vote, represented in person or by proxy, shall constitute a quorum at a meeting of
Shareholders. If less than a majority of the outstanding shares are represented at a meeting, a majority of the shares so represented
may adjourn the meeting from time to time without further notice. At such adjourned meeting at which a quorum shall be present or represented,
any business may be transacted which might have been transacted at the meeting as originally notified. The Shareholders present at a
duly organized meeting may continue to transact business until adjournment, notwithstanding the withdrawal of enough Shareholders to
leave less than a quorum unless such presence was only for the sole purpose of objection to notice given.

 

Section
9. Proxies. [Section 17-16-722.]

 

At all meetings of
Shareholders, a Shareholder may vote by proxy executed in writing or by electronic transmission by the Shareholder or by his 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 months from the date of its execution, unless otherwise provided in the proxy.

 

Section
10. Voting of Shares.

 

10.1. Voting for Directors. [Section 17-16-728,
-1021, -1022.]

 

In
accordance with applicable provisions of Wyoming law, directors are elected by a plurality of the votes cast by the shares entitled
to vote in the election at a meeting at which a quorum is present.

 
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10.2. Vote. [Sections 17-16-726, -728,
-1021.]

 

Subject to the provisions
of Section 11 of this Article II and provision of the articles, each outstanding share entitled to vote shall be entitled to one vote
upon each matter submitted to a vote at a meeting of Shareholders. Corporate action, other than as set forth in Section 11, shall be
authorized by a majority of qualified votes cast at a Shareholder's meeting. A Shareholder is deemed to have voted all of the shares
in the same way, absent direction voting shares differently.

 

10.3. Voting by Beneficial Owners. [Section
17-16-723, -724.]

 

Upon
compliance with Wyoming law, beneficial owners, rather than the actual Shareholder, may vote the shares.

 

10.4. Voting by Non-Shareholders.

 

If
the articles have provided for voting by creditor, security holder, or other person, such person shall
have the right to vote as set forth in the articles.

 

Section
11. Informal Action by Shareholders. [Section 17-16-704.]

 

Any action required
or permitted by the applicable provisions of Wyoming law to be taken at a shareholders' meeting may be taken without a meeting, and without
prior notice, if consents in writing setting forth the action so taken are signed by the holders of outstanding shares having not less
than the minimum number of votes that would be required to authorize or take the action at a meeting at which all shares entitled to
vote on the action were present and voted. The written consent shall bear the date of signature of the shareholder who signs the consent
and be delivered to the corporation for inclusion in the minutes or filing with the corporate records.

 

ARTICLE
III.

BOARD
OF DIRECTORS

 

Section
1. General Powers. [Section 17-16-801.]

 

The
business and affairs of the corporation shall be managed under the direction of its Board of Directors
under the authority granted by the law of Wyoming.

 

Section
2. Number, Tenure, Election, Removal, Resignation, Vacancies and Qualification. [Sections 17-16-802
to -810.]

 

Directors shall be
natural persons. The first Board of Directors may be named in the articles or elected by Incorporators or Shareholders. The number of
directors of the corporation shall be determined by resolution of the Board of Directors or Shareholders or as set forth in the articles,
but shall in the absence of such designation be the number of Shareholders of the corporation entitled to elect directors or three (3),
whichever is less, and may be increased or decreased in accordance with Wyoming law. Directors may be elected to fill vacancies and newly
created directorships by the Board of Directors. Each director shall hold office until the next annual meeting of Shareholders and until
his successor shall have been elected and qualified; or elected for a term not to exceed five (5) years. A Director may resign by filing
his resignation with the Secretary, to take effect as set forth in such resignation, which shall have the effect of creating a vacancy.
The articles or these bylaws shall determine Directors' qualifications, but a Director need not be a resident of the State of Wyoming
or Shareholder of the corporation.

 

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Section
3. Regular Meetings. [Section 17-16-820.]

 

A regular meeting
of the Board of Directors shall be held without other notice than this Bylaw immediately after, and at the same place as, the annual
meeting of Shareholders. The Board of Directors may provide, by resolution, the time and place, either within or without the State of
Wyoming, for the holding of additional regular meetings without other notice than such resolution.

 

Section
4. Special Meetings. [Section 17-16-820.]

 

Special meetings of
the Board of Directors may be called by or at the request of the Chairman. President or any Director. The person or persons authorized
to call special meetings of the Board of Directors may fix any place, either within or without the State of Wyoming, as the place for
holding any special meeting of the Board of Directors called by them.

 

Section
5. Notice. [Sections 17-16-820, -823.]

 

Notice of any special
meeting of the Board of Directors shall be given at least three (3) days previously thereto by written notice delivered personally or
mailed to each Director at his business address, or by telegram. If mailed, such notice shall be deemed to be delivered when deposited
in the United States mail so addressed with postage thereon prepaid. If notice be given by telegram, such notice shall be deemed to be
delivered when the telegram is delivered to the telegraph company. Any Director may waive notice of any meeting in a writing to be filed
with the minutes of such meeting. The attendance of a Director at a meeting shall constitute a waiver of notice of such meeting, except
where a Director attends a meeting for the express purpose of objecting to the transaction of any business because the meeting is not
lawfully called or convened. Neither the business to be transacted at, 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.

 

Section
6. Quorum. [Sections 17-16-824, -1021.]

 

A majority of the
Directors currently holding office shall constitute a quorum for the transaction of business at any meeting of the Board of Directors,
but if less than all Directors are present at a meeting, a majority of the Directors present may adjourn the meeting from time to time
without further notice. A Director may give advance written consent or opposition to a proposal to be acted on at a Board of Directors
meeting in accordance with Wyoming law.

 

Section
7. Manner of Acting. [Sections 17-16-824, -1021.]

 

The act of a majority
of the Directors present at a meeting shall be the act of the Board of Directors. All members may consent in writing to an action without
a meeting.

 
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Section
8. Electronic Meetings. [Section 17-16-820.]

 

Any one or more of
the Directors may participate in a meeting of the Board of Directors or any Committee thereof by means of a conference telephone or similar
communications equipment allowing all persons to hear each other at the same time. Such participation shall constitute presence in person
at such meetings.

 

Section
9. Vacancies. [Section 17-16-810.]

 

Any vacancy occurring
in the Board of Directors may be filled by the vote of the remaining Directors though less than a quorum of the Board of Directors. A
director elected to fill a vacancy shall be elected for the unexpired term of his predecessor in office.

 

Section
10. Compensation. [Section 17-16-811.]

 

The Board of Directors may fix the compensation
of directors serving in any capacity.

 

Section
11. Presumption of Assent. [Section 17-16-824.]

 

A Director of the
corporation who is present at a meeting of the Board of Directors at which action on any corporate matter is taken shall be presumed
to have assented to the action taken unless his dissent shall be entered in the minutes of the meeting or unless he shall file his written
dissent to such action with the person acting as the secretary of the meeting within three (3) days after the adjournment of the meeting.
Such right to dissent shall not apply to a Director who voted in favor of such action.

 

Section
12. Removal. [Section 17-16-808, -809.]

 

The Shareholders or
Directors of the corporation may remove a Director pursuant to Wyoming law.

 

Section
13. Board Committees. [Section 17-16-825.]

 

The Board of Directors
may establish committees having the authority of the board pursuant to Wyoming law.

 

Section
14. Shareholder Management. [Section 17-16-732.]

 

The Shareholders may
take any action that the Board of Directors has the power to make pursuant to Wyoming law.

 
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ARTICLE
IV.

OFFICERS

 

Section
1. Number. [Section 17-16-840.]

 

The officers of the
corporation shall be a Chairman of the Board of Directors, President, Chief Executive Officer, one or more vice-presidents (the number
thereof to be determined by the Board of Directors), a Secretary, and a Treasurer or Chief Financial Officer, 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.

 

Section
2. Election and Term of Office; Resignation. [Sections 17-16-840, -843.]

 

The officers of the
corporation to be elected by the Board of Directors shall be elected annually by the Board of Directors at the first meeting of the Board
of Directors held after each annual meeting of the Shareholders, or as soon thereafter as is convenient. 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. In the absence of an election or appointment, the person exercising such powers are deemed
to have been elected to such offices under Wyoming law.

 

Section
3. Removal. [Section 17-16-843.]

 

Any officer or agent
elected or appointed by the Board of Directors may be removed by the Board of Directors 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.

 

Section
4. Vacancies. [Section 17-16-843.]

 

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 and until the successor shall have been chosen and qualified.

 

Section
5. Officers. [Sections 17-16-840, -841.]

 

The Board of Directors
may appoint the following officers:

 

5.1. Chairman of the
Board of Directors. The Board of Directors shall elect the Chairman of the Board of Directors from its membership. He shall preside at
the meetings of the Board and Shareholders and perform such other duties as may be assigned to him by the Board of Directors from time
to time.

 
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5.2.
President/CEO. The President shall be the Chief Executive Officer of the corporation and, subject to the control of the Board of Directors,
shall in general supervise and control all of the business and affairs of the corporation. He shall, when the Chairman of the Board of
Directors is absent, 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.

 

5.3. The Vice-Presidents.
In the absence of the President or in the event of his death, inability or refusal to act, the vice-president (or in the event there
be more than one vice-president, the vice-presidents in the order designated at the time of their election, or in the absence of any
designation, then in the order of their election) shall perform the duties of the President, and when so acting, shall have all the 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; and shall perform such other duties as from time to time may be assigned to him by the President
or by the Board of Directors.

 

5.4. The Secretary.
The Secretary shall: (a) keep the minutes of the Shareholders' 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 of the corporation and see that the seal of the corporation is affixed to all documents
the execution of which on behalf of the corporation under its seal is duly authorized; (d) keep a register of the post office address
of each Shareholder which shall be furnished to the Secretary by such Shareholder; (e) sign with the President, or vice-president, certificates
for shares of the corporation, the issuance of which shall have been authorized by resolution of the Board of Directors; (f) have general
charge of the stock transfer books of the corporation; and (g) 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 President or by the Board of Directors.

 

5.5. The Treasurer/CFO.
The Treasurer shall be the Chief Financial Officer of the corporation and shall have charge and custody of and be responsible for all
funds and securities of the corporation and shall keep regular books of all receipts and disbursements of the corporation, and in general
shall perform such other duties as may be assigned to him by the Board of Directors or the President. The Treasurer shall disburse out
of the funds of the corporation payment of such just demands against the corporation as may from time to time be authorized by the Board
of Directors. The Treasurer shall sign or countersign all checks, notes and such other instruments or obligations as require his signature,
and shall perform all duties incident to his office, or that are properly required of him by the Board of Directors, provided, however,
that by resolution of the Board of Directors' authority and responsibility for the signing of checks, notes and other obligations may
be assigned to either the President or Treasurer or such other officer or officers as the Board of Directors may designate from time
to time.

 

Section
6. Transfer of Authority.

 

In case of the absence
of any officer of the corporation or for any other reason the Board of Directors deems sufficient, the Board of Directors may transfer
the powers or duties of that officer to any other officer, Director or employee of the corporation and any officer may delegate their
duties to persons functioning in subordinate offices.

 
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Section
7. Compensation.

 

The salaries of the
principal officers shall be fixed from time to time by the Board of Directors. No officer shall be prevented from receiving his salary
by reason of the fact that he is also a Director of the corporation.

 

ARTICLE
V.

CONTRACT

 

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

 

ARTICLE
VI.

CERTIFICATES
FOR SHARES AND THEIR TRANSFER

 

Section
1. Determination of Shares. [Section 17-16-625, -626.]

 

The
Board of Directors shall determine if some or all of any or all classes and series of its shares shall
be uncertificated or certificated shares.

 

Section
2. Certificates for Shares. [Section 17-16-625.]

 

If the Board of Directors
determines to issue Certificates representing fully paid and non-assessable shares of the common stock of the corporation, such certificates
shall be in such form as shall be similar to that annexed to the minutes of the first meeting of the Board of Directors or otherwise
as determined by the Board of Directors. Such certificates shall be signed by the President or a vice-president and by the Secretary
or an Assistant Secretary and the Corporation Seal shall be affixed thereto. All certificates for shares shall be consecutively numbered
or otherwise identified. The name and address of the person to whom the shares represented thereby are issued, with the number of shares
and date of issue, shall be entered on the stock transfer books of the corporation. All certificates surrendered to the corporation for
transfer shall be canceled and no new certificate shall be issued until the former certificate 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 therefor upon
such terms and indemnity to the corporation as the Board of Directors may prescribe.

 

Section
3. Transfer of Shares. [Section 17-16-627.]

 

Transfer of shares
of the corporation shall be made only on the stock transfer books of the corporation by the holder of record 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 by the corporation to be the owner thereof for
all purposes. The Board of Directors or Shareholders may impose a restriction on the transfer of shares in accordance with Wyoming law.

 
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Section
4. Lost or Destroyed Certificates. [Uniform Commercial Code, Article 8]

 

The
holder of any certificate representing shares of the corporation shall immediately notify the corporation of any loss or destruction
of the certificate(s) representing same. The corporation may issue a new certificate in the place of any certificate theretofore issued
by it alleged to have been lost or destroyed. On production of such evidence of loss or destruction as the Board of Directors in its
discretion may require, the Board of Directors may, in its discretion, require the owner of the lost or destroyed certificate, or such
person's legal representatives, to give the corporation a bond in such sum as the Board may direct, and with such surety or sureties
as may be satisfactory to the Board of Directors to indemnify the corporation against any claims, loss, liability,
or damage it may suffer on account of the issuance of the new certificate. A new certificate may be issued without requiring any such
evidence, bond, or indemnity subject to the discretion of the Board of Directors.

 

ARTICLE
VII.

FISCAL
YEAR

 

The fiscal year of
the corporation shall begin on the first day of September (and end on the thirty-first day of August) in each year. The Board of Directors
shall have the power to change the fiscal year by resolution duly adopted.

 

ARTICLE
VIII.

NAME

 

[Section 17-16-401.]

 

The exclusive name
of this corporation that has been reserved as required by law shall be as above written.

 

ARTICLE
IX.

SEAL

 

The Board of Directors
shall provide a corporate seal which shall have inscribed thereon the (1) word "Seal" or "Corporate Seal", and may
contain (2) the name of the corporation, (2) the state of incorporation, and may contain (3) abbreviations or combinations of such terms
and be affixed, engraved, printed, placed, stamped or in any other manner be reproduced on any document.

 

ARTICLE
X.

WAIVER
OF NOTICE

 

Whenever any notice
is required to be given to any Shareholder or Director of the corporation under the provisions of these Bylaws or under the provisions
of the articles of incorporation or under the provisions of the Wyoming law, a waiver thereof in writing, signed by the person or persons
entitled to such notice, whether before or after the time stated therein, shall be deemed equivalent to the giving of such notice.

 

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ARTICLE
XI.

AMENDMENTS

 

[Section 17-16-206.]

 

These bylaws may be
altered, amended or repealed and new bylaws may be adopted by Shareholders or the Board of Directors at any regular or special meeting
of the Board of Directors or Shareholders by a vote of such Shareholders or Directors entitled to vote in accordance with the laws of
Wyoming.

 

ARTICLE
XII.

FURTHER
AUTHORITIES

 

The Board of Directors
may grant, delegate or assign to any officer of the corporation any of the duties and authorities herein above designated to be performed
by any officer or may enlarge or restrict the duty and authority of any officer, either temporarily or permanently, as long as such powers
and authorities shall not be inconsistent with these bylaws.

 

ARTICLE
XIII.

SEVERABILITY

 

Any provision of these
bylaws, or any amendment or alteration thereof, which has been constructed to be in violation of Wyoming law, as amended, and any amendment
or replacement thereto, shall not in any way render the remaining provisions invalid.

 

ARTICLE
XIV.

DIRECTOR
AND OFFICER INDEMNIFICATION

 

[Sections 17-16-850
to -853, -855 to -858.]

 

The corporation shall
indemnify any person acting on its behalf in accord with the law of Wyoming. The indemnification provided hereby shall not be deemed
exclusive of any other right to which anyone seeking indemnification thereunder may be entitled under any bylaw, agreement, or otherwise,
both as to action in his official capacity and as to action in another capacity while holding such office. The corporation may purchase
and maintain insurance on the behalf of any Director, officer, agent, employee or former Director or officer or other person, against
any liability asserted against them and incurred by him.

 

Initially adopted
by Unanimous Written Consent Action of the Board of Directors, effective June 5, 2015, as amended from time to time by resolutions, and
officially last amended by resolution dated July 15, 2022. [Section 17-16-206.]

 

	/s/ Mark A. Absher	 	 
	Mark A. Absher, In House Counsel	 	 

 
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Amended – 2022-07-15

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