Document:

EX-10.2

 Exhibit 10.2 

As Adopted October 8, 2015 

TEMPUR SEALY INTERNATIONAL, INC. 

SIXTH AMENDED AND RESTATED BY-LAWS 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
			
	ARTICLE I.	 	     GENERAL	  	 	- 1 -	  
			
	 1.1.
	 	Offices	  	 	- 1 -	  
			
	 1.2.
	 	Seal	  	 	- 1 -	  
			
	 1.3.
	 	Fiscal Year	  	 	- 1 -	  
			
	ARTICLE II.	 	     STOCKHOLDERS	  	 	- 1 -	  
			
	 2.1.
	 	Place of Meetings	  	 	- 1 -	  
			
	 2.2.
	 	Annual Meeting	  	 	- 1 -	  
			
	 2.3.
	 	Quorum	  	 	- 1 -	  
			
	 2.4.
	 	Right to Vote; Proxies	  	 	- 2 -	  
			
	 2.5.
	 	Voting	  	 	- 2 -	  
			
	 2.6.
	 	Notice of Annual Meetings	  	 	- 3 -	  
			
	 2.7.
	 	Stockholders’ List	  	 	- 3 -	  
			
	 2.8.
	 	Special Meetings	  	 	- 3 -	  
			
	 2.9.
	 	Notice of Special Meetings	  	 	- 3 -	  
			
	 2.10.
	 	Inspectors	  	 	- 4 -	  
			
	 2.11.
	 	Stockholders’ Consent in Lieu of Meeting	  	 	- 4 -	  
			
	 2.12.
	 	Procedures	  	 	- 4 -	  
			
	ARTICLE III.	 	     DIRECTORS	  	 	- 8 -	  
			
	 3.1.
	 	Number of Directors	  	 	- 8 -	  
			
	 3.2.
	 	Resignation	  	 	- 9 -	  
			
	 3.3.
	 	Removal	  	 	- 9 -	  
			
	 3.4.
	 	Place of Meetings and Books	  	 	- 9 -	  
			
	 3.5.
	 	General Powers	  	 	- 9 -	  
			
	 3.6.
	 	Committees	  	 	- 9 -	  
			
	 3.7.
	 	Powers Denied to Committees	  	 	- 9 -	  
			
	 3.8.
	 	Substitute Committee Member	  	 	- 10 -	  
			
	 3.9.
	 	Compensation of Directors	  	 	- 10 -	  
			
	 3.10.
	 	Regular Meetings	  	 	- 10 -	  
			
	 3.11.
	 	Special Meetings	  	 	- 10 -	  
			
	 3.12.
	 	Quorum	  	 	- 10 -	  

  
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 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 3.13.
	 	Telephonic Participation in Meetings	  	 	- 11 -	  
			
	 3.14.
	 	Action by Consent	  	 	- 11 -	  
			
	ARTICLE IV.	 	     OFFICERS	  	 	- 11 -	  
			
	 4.1.
	 	Selection; Statutory Officers	  	 	- 11 -	  
			
	 4.2.
	 	Time of Election	  	 	- 11 -	  
			
	 4.3.
	 	Additional Officers	  	 	- 11 -	  
			
	 4.4.
	 	Terms of Office	  	 	- 11 -	  
			
	 4.5.
	 	Compensation of Officers	  	 	- 12 -	  
			
	 4.6.
	 	Chairman of the Board	  	 	- 12 -	  
			
	 4.7.
	 	President	  	 	- 12 -	  
			
	 4.8.
	 	Vice-Presidents	  	 	- 12 -	  
			
	 4.9.
	 	Treasurer	  	 	- 12 -	  
			
	 4.10.
	 	Secretary	  	 	- 13 -	  
			
	 4.11.
	 	Assistant Secretary	  	 	- 13 -	  
			
	 4.12.
	 	Assistant Treasurer	  	 	- 13 -	  
			
	 4.13.
	 	Subordinate Officers	  	 	- 13 -	  
			
	ARTICLE V.	 	     STOCK	  	 	- 13 -	  
			
	 5.1.
	 	Stock	  	 	- 13 -	  
			
	 5.2.
	 	Fractional Share Interests	  	 	- 14 -	  
			
	 5.3.
	 	Transfers of Stock	  	 	- 14 -	  
			
	 5.4.
	 	Record Date	  	 	- 15 -	  
			
	 5.5.
	 	Transfer Agent and Registrar	  	 	- 15 -	  
			
	 5.6.
	 	Dividends	  	 	- 15 -	  
			
	 5.7.
	 	Lost, Stolen, or Destroyed Certificates	  	 	- 15 -	  
			
	 5.8.
	 	Inspection of Books	  	 	- 16 -	  
			
	ARTICLE VI.	 	     MISCELLANEOUS MANAGEMENT PROVISIONS	  	 	- 16 -	  
			
	 6.1.
	 	Checks, Drafts, and Notes	  	 	- 16 -	  
			
	 6.2.
	 	Notices	  	 	- 16 -	  
			
	 6.3.
	 	Conflict of Interest	  	 	- 17 -	  
			
	 6.4.
	 	Voting of Securities Owned by the Company	  	 	- 17 -	  

  
 -ii- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	ARTICLE VII.	 	     INDEMNIFICATION	  	 	- 17 -	  
			
	 7.1.
	 	Right to Indemnification	  	 	- 17 -	  
			
	 7.2.
	 	Right of Indemnitee to Bring Suit	  	 	- 18 -	  
			
	 7.3.
	 	Non-Exclusivity of Rights	  	 	- 19 -	  
			
	 7.4.
	 	Insurance	  	 	- 19 -	  
			
	 7.5.
	 	Indemnification of Employees and Agents of the Company	  	 	- 19 -	  
			
	ARTICLE VIII.	 	     AMENDMENTS	  	 	- 19 -	  
			
	 8.1.
	 	Amendments	  	 	- 19 -	  

  
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 TEMPUR SEALY INTERNATIONAL, INC. 

SIXTH AMENDED AND RESTATED BY-LAWS 

Article I. - General. 

1.1. Offices. The registered office of Tempur Sealy International, Inc. (the “Company”) shall be in the City of
Wilmington, County of New Castle, State of Delaware. The Company may also have offices at such other places both within and without the State of Delaware as the Board of Directors may from time to time determine or the business of the Company may
require. 
 1.2. Seal. The seal, if any, of the Company shall be in the form of a circle and shall have inscribed thereon the
name of the Company, the year of its organization and the words “Corporate Seal, Delaware.” 
 1.3. Fiscal Year.
Except as otherwise determined by the Board of Directors, the fiscal year of the Company shall be the period from January 1 through December 31. 

Article II. - Stockholders. 

2.1. Place of Meetings. Each meeting of the stockholders shall be held only upon notice as hereinafter provided, at such place
as the Board of Directors shall have determined and as shall be stated in the relevant notice of meeting. 
 2.2. Annual
Meeting. The annual meeting of the stockholders shall be held each year on such date and at such time as the Board of Directors may determine. At each annual meeting the stockholders entitled to vote shall elect such members of the Board of
Directors as are standing for election by ballot and they may transact such other corporate business as may properly be brought before the meeting. At the annual meeting any business may be transacted, irrespective of whether the notice calling such
meeting shall have contained a reference thereto, except where notice is required by law, the Company’s Amended and Restated Certificate of Incorporation (as amended and in effect from time to time, the “Charter”), or these
by-laws. 
 2.3. Quorum. At all meetings of the stockholders the holders of a majority of the stock issued and outstanding and
entitled to vote thereat, present in person or represented by proxy, shall constitute a quorum requisite for the transaction of business except as otherwise provided by law, the Charter, or these by-laws. Whether or not there is such a quorum at any
meeting, the chairman of the meeting or the stockholders entitled to vote thereat, present in person or by proxy, by a majority vote, may adjourn the meeting from time to time without notice other than announcement at the meeting. If the adjournment
is for more than thirty (30) days, or if after the adjournment a new record date is fixed for the adjourned meeting, a notice of the adjourned meeting shall be given to each stockholder of record entitled to vote at the meeting. At such
adjourned meeting, at which the requisite amount of voting stock shall be represented, any business may be transacted that might have been transacted if the meeting had been held as originally called. The stockholders present in person or by proxy
at a duly called meeting at which a quorum is present may continue to transact business until adjournment, notwithstanding the withdrawal of enough stockholders to leave less than a quorum. 

 2.4. Right to Vote; Proxies. Subject to the provisions of the Charter, each holder
of a share or shares of capital stock of the Company having the right to vote at any meeting shall be entitled to one vote for each such share of stock held by him. Any stockholder entitled to vote at any meeting of stockholders may vote either in
person or by proxy, but no proxy that is dated more than three years prior to the meeting at which it is offered shall confer the right to vote thereat unless the proxy provides that it shall be effective for a longer period. A proxy may be granted
by a writing executed by the stockholder or his authorized agent or by transmission or authorization of transmission of a telegram, cablegram, or other means of electronic transmission to the person who will be the holder of the proxy or to a proxy
solicitation firm, proxy support service organization, or like agent duly authorized by the person who will be the holder of the proxy to receive such transmission, subject to the conditions set forth in Section 212 of the Delaware General
Corporation Law, as it may be amended from time to time (the “DGCL”). 
 2.5. Voting. (a) Except as
otherwise expressly provided for by statute, the Charter, or these by-laws, at all meetings of stockholders in all matters other than the election of directors, the affirmative vote of a majority of shares present in person or by means of remote
communication or represented by proxy at the meeting and entitled to vote on such matter shall be the act of the stockholders. 

(b) Except as otherwise expressly provided for by statute, the Charter, or these by-laws, at all meetings of stockholders with
respect to the election of directors, directors shall be elected by the vote of the majority of the votes cast; provided, that if as of the record date for any meeting the Secretary of the Company determines that the number of nominees
exceeds the number of directors to be elected (a “contested election”), the directors, not exceeding the authorized number of directors as fixed by the Board of Directors in accordance with Section 3.1, shall be elected by a
plurality of the votes of the shares present in person or by means of remote communication or represented by proxy at any such meeting and entitled to vote on the election of directors. For purposes of this Section 2.5(b), the term
“majority of the votes cast” means that the number of shares voted ‘for’ a director must exceed the number of shares voted ‘against’ that director, and for purposes of this calculation abstentions, “broker
non-votes” and “withheld votes” will not count as votes cast. In an election that is not a contested election, if an incumbent director does not receive a majority of the votes cast for his or her election, as determined based upon
the certified election results, the director shall continue to serve as a director but shall promptly tender his or her resignation to the Board of Directors for consideration by the Nominating and Corporate Governance Committee thereof. The
Nominating and Corporate Governance Committee shall promptly assess the appropriateness of such nominee continuing to serve as a director and recommend to the Board of Directors the action to be taken with respect to such tendered resignation. The
Board of Directors will determine whether to accept or reject such resignation, or what other action should be taken, within 90 days from the date of the certification of election results. Unless and until such resignaton is accepted, that director
will continue as a director until such director’s term of office otherwise ends in accordance with Section 3.1(b). 

  
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 2.6. Notice of Annual Meetings. Written notice of the annual meeting of the
stockholders shall be mailed to each stockholder entitled to vote thereat at such address as appears on the stock books of the Company at least ten (10) days (and not more than sixty (60) days) prior to the meeting. The Board of Directors
may postpone any annual meeting of the stockholders at its discretion, even after notice thereof has been mailed, for any reason or for no reason. It shall be the duty of every stockholder to furnish to the Secretary of the Company or to the
transfer agent, if any, of the class of stock owned by such stockholder, such stockholder’s post-office address, and to notify the Secretary or transfer agent of any change therein. Notice need not be given to any stockholder who submits a
written waiver of notice signed by him before or after the time stated therein. Attendance of a stockholder at an annual meeting of stockholders shall constitute a waiver of notice of such meeting, except when the stockholder attends the meeting for
the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or convened. Neither the business to be transacted at, nor the purpose of, any regular or special
meeting of the stockholders need be specified in any written waiver of notice. 
 2.7. Stockholders’ List. A complete
list of the stockholders entitled to vote at any meeting of stockholders, arranged in alphabetical order and showing the address of each stockholder, and the number of shares registered in the name of each stockholder, shall be prepared by the
Secretary and shall be open to examination of any stockholder, for any purpose germane to the meeting for a period of at least ten days before such meeting (i) on a reasonably accessible electronic network, provided that the information
required to gain access to such list is provided with the notice of the meeting, or (ii) during ordinary business hours at the principal office of the Company, and said list shall be open to examination during the whole time of said meeting, at
the place of said meeting, or, if the meeting held is by remote communication, on a reasonably accessible electronic network and the information required to access such list shall be provided with the notice of the meeting. 

2.8. Special Meetings. Special meetings of the stockholders for any purpose or purposes, unless otherwise provided by statute,
may be called only by the Chairman of the Board of Directors, the President, or a majority of the Board of Directors. Any such person or persons may postpone any special meeting of the stockholders at its or their discretion, for any reason or for
no reason, even after notice thereof has been mailed. 
 2.9. Notice of Special Meetings. Written notice of a special meeting
of stockholders, stating the time, the place, the means of remote communication, if any, by which stockholders and proxy holders may be deemed to be present in person and vote at such meeting and the object thereof, shall be sent not less than ten
(10) nor more than sixty (60) days before such meeting, to each stockholder entitled to vote thereat, either in paper form or electronic form pursuant to each stockholder’s instructions on record with the Company. No business may be
transacted at such meeting except that referred to in said notice, or in a supplemental notice given also in compliance with the provisions hereof, or such other business as may be germane or supplementary to that stated in said notice or notices.
Notice need not be given to any stockholder who submits a written waiver of notice signed by him before or after the time stated therein. Attendance of a stockholder at a special meeting of stockholders shall constitute a waiver of notice of such
meeting, except when the stockholder attends the meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or convened. Neither the business to be
transacted at, nor the purpose of, any regular or special meeting of the stockholders need be specified in any written waiver of notice. 

  
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 2.10. Inspectors. 

1. One or more inspectors may be appointed by the Board of Directors before or at any meeting of stockholders, or, if no such appointment
shall have been made, the presiding officer may make such appointment at the meeting. At the meeting for which the inspector or inspectors are appointed, he or they shall open and close the polls, receive and take charge of the proxies and ballots,
and decide all questions touching on the qualifications of voters, the validity of proxies, and the acceptance and rejection of votes. If any inspector previously appointed shall fail to attend or refuse or be unable to serve, the presiding officer
shall appoint an inspector in his place. 
 2. At any time at which the Company has a class of voting stock that is (i) listed on a
national securities exchange, (ii) authorized for quotation on an inter-dealer quotation system of a registered national securities association, or (iii) held of record by more than 2,000 stockholders, the provisions of Section 231 of
the DGCL with respect to inspectors of election and voting procedures shall apply, in lieu of the provisions of paragraph 1 of this Section 2.10. 

2.11. Stockholders’ Consent in Lieu of Meeting. Unless otherwise provided in the Charter, any action required to be taken
at any annual or special meeting of stockholders of the Company, or any action that may be taken at any annual or special meeting of such stockholders, may be taken only at such a meeting, and not by written consent of stockholders. 

2.12. Procedures. 

1. Nomination of Directors. Only persons who are nominated in accordance with the procedures set forth in these by-laws shall be
eligible to serve as directors. Nominations of persons for election to the Board of Directors of the Company may be made at a meeting of stockholders (x) pursuant to the Company’s notice of meeting, (y) by or at the direction of the
Board of Directors or (z) by any stockholder of the Company who is a stockholder of record at the time of giving of notice provided for in this Section 2.12(1), who shall be entitled to vote for the election of directors at the meeting and
who complies with the notice procedures set forth in this Section 2.12(1). Such nominations, other than those made by or at the direction of the Board of Directors, shall be made pursuant to timely notice in writing to the Secretary of the
Company. To be timely, a stockholder’s notice shall be delivered to or mailed and received at the principal executive offices of the Company not less than 120 days nor more than 150 days prior to the first anniversary of the preceding
year’s annual meeting of stockholders; provided, however, that in the event that the date of the annual meeting is advanced more than 30 days prior to such anniversary date or delayed more than 60 days after such anniversary date,
then to be timely such notice must be received by the Company no later than the later of 60 days prior to the date of the meeting or the 10th day following the day on which public announcement of the date of the meeting was made. With respect to
special meetings of stockholders, such notice must be delivered to the Secretary not more than 90 days prior to such meeting and not later than the later of (y) 60 days prior to such meeting or (z) 10 days following the date on which
public announcement of the date of such meeting is first made by the Company. Such stockholder’s notice shall set forth: 

  
 - 4 - 

 (a) as to each person whom the stockholder proposes to nominate for election or
reelection as a director, all information relating to such person that is required to be disclosed in solicitations of proxies for election of directors, or is otherwise required, in each case pursuant to Regulation 14A under the Securities Exchange
Act of 1934, as amended (the “Exchange Act”) (including such person’s written consent to being named in the proxy statement as a nominee and to serving as a director if elected); and 

(b) as to the stockholder giving the notice: 

(i) the name and address, as they appear on the Company’s books, of such stockholder and any Stockholder Associated Person
(defined below) covered by clause (ii) below, 
 (ii) (A) the class and number of shares of the Company which are,
directly or indirectly, held of record or are beneficially owned by such stockholder or by any Stockholder Associated Person, (B) any Derivative Positions (defined below) held or beneficially held by the stockholder or any Stockholder
Associated Person, (C) any rights to dividends of the Company that are separable from the underlying shares of the Company held by the stockholder or any Stockholder Associated Person, (D) any proportionate interest in the Company’s
securities held by a partnership in which the stockholder or any Stockholder Associated Person is a general partner, either directly or indirectly, (E) any performance-related fees that such stockholder or any Stockholder Associated Person is
entitled to based on any increase or decrease in the value of the Company’s securities, and (F) whether and the extent to which any hedging (including any short-interest positions) or other transaction or series of transactions have been
entered into by or on behalf of such stockholder or any Stockholder Associated Person, or any other agreement, arrangement or understanding has been made by or on behalf of such stockholder or any Stockholder Associated Person, if the effect of or
intent of any of the foregoing is to increase or decrease the voting power of such stockholder or any Stockholder Associated Person with respect to Company’s securities, and 

  
 - 5 - 

 (iii) any proxy, contract, arrangement, understanding or relationship pursuant to
which such stockholder or any Stockholder Associated Person has the right to vote any security of the Company. 
 At the request of the Board of Directors,
any person nominated by the Board of Directors for election as a director shall furnish to the Secretary that information required to be set forth in a stockholder’s notice of nomination which pertains to the nominee. No person shall be
eligible to serve as a director of the Company unless nominated in accordance with the procedures set forth in this Section 2.12(1). The chairman of the meeting shall, if the facts warrant, determine and declare to the meeting that a nomination
was not made in accordance with the procedures prescribed by the by-laws, and if the chairman should so determine, he or she shall so declare to the meeting and the defective nomination shall be disregarded. Notwithstanding the foregoing provisions
of this Section 2.12(1), a stockholder shall also comply with all applicable requirements of the Exchange Act, and the rules and regulations thereunder with respect to the matters set forth in this Section 2.12(1). 

“Stockholder Associated Person” of any stockholder means (x) any person controlling, directly or indirectly, or acting
in concert with, such stockholder, (y) any beneficial owner of shares of stock of the Company owned of record or beneficially by such stockholder and (z) any person controlling, controlled by or under common control with such Stockholder
Associated Person. 
 “Derivative Position” means any option, warrant, convertible security, stock appreciation right, or
similar right with an exercise or conversion privilege or a settlement payment or mechanism at a price related to any class or series of shares of the Company or with a value derived in whole or in part from the value of any class or series of
shares of the Company, whether or not such instrument or right shall be subject to settlement in the underlying class or series of capital stock of the Company or otherwise. 

2. Notice of Business. At any meeting of the stockholders, only such business shall be conducted as shall have been brought before the
meeting (y) by or at the direction of the Board of Directors or (z) by any stockholder of the Company who is a stockholder of record at the time of giving of the notice provided for in this Section 2.12(2), who shall be entitled to
vote at such meeting and who complies with the notice procedures set forth in this Section 2.12(2). For business to be properly brought before a stockholder meeting by a stockholder, the stockholder must have given timely notice thereof in
writing to the Secretary. To be timely, a stockholder’s notice shall be delivered to or mailed and received at the principal executive offices of the Company not less than 120 days nor more than 150 days prior to the first anniversary of the
preceding year’s annual meeting of stockholders; provided, however, that in the event that the date of the annual meeting is advanced more than 30 days prior to such anniversary date or delayed more than 60 days after such anniversary date then
to be timely such notice must be received by the Company no later than the later of 60 days prior to the date of the meeting or the 10th day following the day on which public announcement of the date of the meeting was made. With respect to special
meetings of stockholders, such notice must be delivered to the Secretary not more than 90 days prior to such meeting and not later than the later of (y) 60 days prior to such meeting or (z) 10 days following the date on which public
announcement of the date of such meeting is first made by the Company. A stockholder’s notice to the Secretary shall set forth as to each matter the stockholder proposes to bring before the meeting: 

  
 - 6 - 

 (a) the information required to be disclosed in solicitations of proxies with
respect to the matter pursuant to Regulation 14A of the Exchange Act; 
 (b) a brief description of the business desired to
be brought before the meeting and the reasons for conducting such business at the meeting; 
 (c) the name and address, as
they appear on the Company’s books, of the stockholder proposing such business and any Stockholder Associated Person covered by clauses (d) and (e) below; 

(d) (i) the class and number of shares of the Company which are, directly or indirectly, held of record or are beneficially
owned by such stockholder or by any Stockholder Associated Person, (ii) any Derivative Positions held or beneficially held by the stockholder or any Stockholder Associated Person, (iii) any rights to dividends of the Company that are
separable from the underlying shares of the Company held by the stockholder or any Stockholder Associated Person, (iv) any proportionate interest in the Company’s securities held by a partnership in which the stockholder or any Stockholder
Associated Person is a general partner, either directly or indirectly, (v) any performance-related fees that such stockholder or any Stockholder Associated Person is entitled to based on any increase or decrease in the value of the
Company’s securities, and (vi) whether and the extent to which any hedging (including any short-interest positions) or other transaction or series of transactions have been entered into by or on behalf of such stockholder or any
Stockholder Associated Person, or any other agreement, arrangement or understanding has been made by or on behalf of such stockholder or any Stockholder Associated Person, if the effect of or intent of any of the foregoing is to increase or decrease
the voting power of such stockholder or any Stockholder Associated Person with respect to Company’s securities; and 

  
 - 7 - 

 (e) any material interest of the stockholder or any Stockholder Associated Person
in such business, including all arrangements, agreements and understandings with the stockholder or Stockholder Associated Person in connection with the proposed business. 

Notwithstanding anything in these by-laws to the contrary, no business shall be conducted at a stockholder meeting except as shall have been brought before
the meeting in accordance with the procedures set forth in this Section 2.12(2). The chairman of the meeting shall, if the facts warrant, determine and declare to the meeting that business was not properly brought before the meeting and in
accordance with the provisions of the by-laws, and if he or she should so determine, he or she shall so declare to the meeting and any such business not properly brought before the meeting shall not be transacted. Notwithstanding the foregoing
provisions of this Section 2.12(2), a stockholder shall also comply with all applicable requirements of the Exchange Act, and the rules and regulations thereunder with respect to the matters set forth in this Section 2.12(2). 

Article III. - Directors. 

3.1. Number of Directors. 

(a) Except as otherwise provided by law, the Charter, or these by-laws, the property and business of the Company shall be
managed by or under the direction of a board of directors. Directors need not be stockholders, residents of Delaware, or citizens of the United States. The use of the phrase “whole board” herein refers to the total number of
directors which the Company would have if there were no vacancies. 
 (b) The number of directors constituting the whole
Board of Directors shall be as determined by the Board of Directors from time to time. Members of the Board of Directors shall hold office until the annual meeting of stockholders at which their respective successors are elected and qualified or
until their earlier death, incapacity, resignation, or removal. Except as the DGCL or Charter may otherwise require, in the interim between annual meetings of stockholders or special meetings of stockholders called for the election of directors
and/or for the removal of one or more directors and for the filling of any vacancy in that connection, any vacancies in the Board of Directors, including unfilled vacancies resulting from the removal of directors, may be filled by the vote of a
majority of the remaining directors then in office, although less than a quorum, or by the sole remaining director. 
 (c) If
the office of any director becomes vacant by reason of death, resignation, disqualification, removal or otherwise, the remaining directors, although more or less than a quorum, by a majority vote of such remaining directors may elect a successor or
successors who shall hold office for the unexpired term. 

  
 - 8 - 

 3.2. Resignation. Any director of the Company may resign at any time by giving
notice in writing or by electronic transmission to the Chairman of the Board, if any, the President or the Secretary of the Company. Such resignation shall take effect at the time specified therein, at the time of receipt if no time is specified
therein and at the time of acceptance if the effectiveness of such resignation is conditioned upon its acceptance. Unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. 

3.3. Removal. Any director or the entire Board of Directors may be removed, with or without cause, by the holders of a majority
of the shares then entitled to vote at an election of directors. 
 3.4. Place of Meetings and Books. The Board of Directors
may hold their meetings and keep the books of the Company inside or outside the State of Delaware, at such places as they may from time to time determine. 

3.5. General Powers. In addition to the powers and authority expressly conferred upon them by these by-laws, the Board of
Directors may exercise all such powers of the Company and do all such lawful acts and things as are not by statute or by the Charter or by these by-laws directed or required to be exercised or done by the stockholders. 

3.6. Committees. The Board of Directors may designate one or more committees; such committee or committees shall consist of one
or more directors of the Company, and to the extent provided in the resolution or resolutions designating them, shall have and may exercise specific powers of the Board of Directors in the management of the business and affairs of the Company to the
extent permitted by the DGCL and shall have power to authorize the seal of the Company to be affixed to all papers that may require it. Such committee or committees shall have such name or names as may be determined from time to time by resolution
adopted by the Board of Directors. 
 3.7. Powers Denied to Committees. Committees of the Board of Directors shall not, in any
event, have any power or authority to amend the Charter (except that a committee may, to the extent authorized in the resolution or resolutions providing for the issuance of shares adopted by the Board of Directors as provided in Section 151(a)
of the DGCL, fix the designations and any of the preferences or rights of such shares relating to dividends, redemption, dissolution, any distribution of assets of the Company or the conversion into, or the exchange of such shares for, shares of any
other class or classes or any other series of the same or any other class or classes of stock of the Company or fix the number of shares of any series of stock or authorize the increase or decrease of the shares of any series), adopt an agreement of
merger or consolidation, recommend to the stockholders the sale, lease, or exchange of all or substantially all of the Company’s property and assets, recommend to the stockholders a dissolution of the Company or a

  
 - 9 - 

 
revocation of a dissolution, or to amend the by-laws of the Company. Further, no committee of the Board of Directors shall have the power or authority to declare a dividend, to authorize the
issuance of stock, or to adopt a certificate of ownership and merger pursuant to Section 253 of the DGCL, unless the resolution or resolutions designating such committee expressly so provides. 

3.8. Substitute Committee Member. 

To the extent provided in the resolution or resolutions designating such a committee, in the absence or on the disqualification of a member of
a committee, the member or members thereof present at any meeting and not disqualified from voting, whether or not he or they constitute a quorum, may unanimously appoint another member of the Board of Directors to act at the meeting in the place of
such absent or disqualified member. Any committee shall keep regular minutes of its proceedings and report the same to the Board of Directors as may be required by the Board of Directors. 

3.9. Compensation of Directors. The Board of Directors shall have the power to fix the compensation of directors and members of
committees of the Board and may delegate this authority to one or more committees. The directors may be paid their expenses, if any, of attendance at each meeting of the Board of Directors and may be paid a fixed sum for attendance at each meeting
of the Board of Directors or a stated salary as director. No such payment shall preclude any director from serving the Company in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like
compensation for attending committee meetings. 
 3.10. Regular Meetings. No notice shall be required for regular meetings of
the Board of Directors for which the time and place have been fixed. Written, oral, or any other mode of notice of the time and place shall be given for special meetings in sufficient time for the convenient assembly of the directors thereat. Notice
need not be given to any director who submits a written waiver of notice signed by him before or after the time stated therein. Attendance of any such person at a meeting shall constitute a waiver of notice of such meeting, except when he attends a
meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or convened. Neither the business to be transacted at, nor the purpose of, any regular or
special meeting of the directors need be specified in any written waiver of notice. 
 3.11. Special Meetings. Special
meetings of the board may be called by the Chairman of the Board, if any, or the President, on two (2) days notice to each director, or such shorter period of time before the meeting as will nonetheless be sufficient for the convenient assembly
of the directors so notified; special meetings shall be called by the Secretary in like manner and on like notice, on the written request of two or more directors. 

3.12. Quorum. At all meetings of the Board of Directors, a majority of the Board of Directors, but not less than 1/3 of the
whole board, shall be necessary and sufficient to constitute a quorum for the transaction of business, and the act of a majority of the directors present at any meeting at which there is a quorum shall be the act of the Board of Directors, except as
may be otherwise specifically permitted or provided by statute, or by the Charter, or by these by-laws. If at any meeting of the Board of Directors there shall be less than a quorum present, a majority of those present may adjourn the meeting from
time to time until a quorum is obtained, and no further notice thereof need be given other than by announcement at said meeting that shall be so adjourned. 

  
 - 10 - 

 3.13. Telephonic Participation in Meetings. Members of the Board of Directors or
any committee designated by the Board of Directors may participate in a meeting of the Board of Directors or committee by means of conference telephone or similar communications equipment by means of which all persons participating in the meeting
can hear one another, and participation in a meeting pursuant to this section shall constitute presence in person at such meeting. 

3.14. Action by Consent. Unless otherwise restricted by the Charter or these by-laws, any action required or permitted to be
taken at any meeting of the Board of Directors or of any committee thereof may be taken without a meeting, if all members of the board or of such committee, as the case may be, consent thereto in writing or by electronic transmission and such
consent is filed in paper form with the minutes of proceedings of the Board of Directors or committee. 
 Article IV. -
Officers. 
 4.1. Selection; Statutory Officers. The officers of the Company shall be chosen by the Board of
Directors. There shall be a President, a Secretary, a Treasurer, and a Chairman of the Board of Directors, and there may be one or more Vice Presidents, one or more Assistant Secretaries, and one or more Assistant Treasurers, as the Board of
Directors may elect. Any number of offices may be held by the same person, except that the offices of President and Secretary shall not be held by the same person simultaneously. 

4.2. Time of Election. The officers above named shall be chosen by the Board of Directors not later than the later of
(i) its first meeting after each annual meeting of stockholders and (ii) ten (10) days after such annual meeting of stockholders. None of said officers need be a director. 

4.3. Additional Officers. The Board of Directors may appoint such other officers and agents as it shall deem necessary, who
shall hold their offices for such terms and shall exercise such powers and perform such duties as shall be determined from time to time by the Board of Directors. 

4.4. Terms of Office. Each officer of the Company shall hold office until his or her successor is chosen and qualified, or until
his earlier resignation or removal. Any officer elected or appointed by the Board of Directors may be removed at any time by the Board of Directors. 

  
 - 11 - 

 4.5. Compensation of Officers. The Board of Directors shall have power to fix the
compensation of all officers of the Company. It may authorize any officer, upon whom the power of appointing subordinate officers may have been conferred, to fix the compensation of such subordinate officers. 

4.6. Chairman of the Board. The Chairman of the Board of Directors shall preside at all meetings of the stockholders and
directors, and shall have such other duties as may be assigned to him or her from time to time by the Board of Directors. 
 4.7.
President. Unless the Board of Directors otherwise determines, the President shall be the chief executive officer and head of the Company. Unless there is a Chairman of the Board, the President shall preside at all meetings of directors
and stockholders. Under the supervision of the Board of Directors, the President shall have the general control and management of the Company’s business and affairs, subject, however, to the right of the Board of Directors to confer any
specific power, except such as may be by statute exclusively conferred on the President, upon any other officer or officers of the Company. The President shall perform and do all acts and things incident to the position of President and such other
duties as may be assigned to him or her from time to time by the Board of Directors. 
 4.8. Vice-Presidents. The
Vice-Presidents shall perform such of the duties of the President on behalf of the Company as may be respectively assigned to them from time to time by the Board of Directors or by the President. The Board of Directors may designate one or more of
the Vice-Presidents as the Executive Vice President and may designate one or more of the Vice-Presidents as the Senior Vice-President, and in the absence or inability of the President to act, such Executive Vice President(s) and/or Senior
Vice-President(s) shall have and possess all of the powers and discharge all of the duties of the President, subject to the control of the Board of Directors. 

4.9. Treasurer. The Treasurer shall have the care and custody of all the funds and securities of the Company that may come into
his or her hands as Treasurer, and the power and authority to endorse checks, drafts and other instruments for the payment of money for deposit or collection when necessary or proper and to deposit the same to the credit of the Company in such bank
or banks or depository as the Board of Directors, or the officers or agents to whom the Board of Directors may delegate such authority, may designate, and he may endorse all commercial documents requiring endorsements for or on behalf of the
Company. The Treasurer may sign all receipts and vouchers for the payments made to the Company. The Treasurer shall render an account of his or her transactions to the Board of Directors as often as the Board of Directors or the committee shall
require the same. The Treasurer shall enter regularly in the books to be kept by him for that purpose full and adequate account of all moneys received and paid by him on account of the Company. The Treasurer shall perform all acts incident to the
position of Treasurer, subject to the control of the Board of Directors. The Treasurer shall when requested, pursuant to vote of the Board of Directors, give a bond to the Company conditioned for the faithful performance of his or her duties, the
expense of which bond shall be borne by the Company. 

  
 - 12 - 

 4.10. Secretary. The Secretary shall keep the minutes of all meetings of the Board
of Directors and of the stockholders; he or she shall attend to the giving and serving of all notices of the Company. Except as otherwise ordered by the Board of Directors, the Secretary shall attest the seal of the Company upon all contracts and
instruments executed under such seal and shall affix the seal of the Company thereto and to all certificates of shares of capital stock of the Company. The Secretary shall have charge of the stock certificate book, transfer book and stock ledger,
and such other books and papers as the Board of Directors may direct. The Secretary shall, in general, perform all the duties of Secretary, subject to the control of the Board of Directors. 

4.11. Assistant Secretary. The Board of Directors or any two of the officers of the Company acting jointly may appoint or remove
one or more Assistant Secretaries of the Company. Any Assistant Secretary upon his or her appointment shall perform such duties of the Secretary, and also any and all such other duties as the Board of Directors or the President or the Executive
Vice-President or the Senior Vice-President or the Treasurer or the Secretary may designate. 
 4.12. Assistant Treasurer. The
Board of Directors or any two of the officers of the Company acting jointly may appoint or remove one or more Assistant Treasurers of the Company. Any Assistant Treasurer upon his or her appointment shall perform such of the duties of the Treasurer,
and also any and all such other duties as the Board of Directors or the President or the Executive Vice-President or the Senior Vice-President or the Treasurer or the Secretary may designate. 

4.13. Subordinate Officers. The Board of Directors may select such subordinate officers as it may deem desirable. Each such
officer shall hold office for such period, have such authority, and perform such duties as the Board of Directors may prescribe. The Board of Directors may, from time to time, authorize any officer to appoint and remove subordinate officers and to
prescribe the powers and duties thereof. 
 Article V. - Stock. 

5.1. Stock. The shares of the Company’s stock may be certificated or uncertificated and shall be entered in the books of
the Company and registered as they are issued. Any certificates representing shares of stock shall be in such form as the Board of Directors shall prescribe, certifying the number and class of shares of the stock of the Company owned by the
stockholder. Any certificate issued to a stockholder of the Company shall be numbered and shall certify the holder’s name and number and class of shares and shall be signed by both of (1) either the President or a Vice-President, and
(2) any one of the Treasurer or an Assistant Treasurer or the Secretary or an Assistant Secretary, and shall be sealed with the corporate seal of the Company. If such certificate is countersigned (1) by a transfer agent other than the
Company or its employee, or (2) by a registrar other than the Company or its employee, any or all of the signatures on the certificate, including the certificate of the transfer agent and registrar and the corporate seal may be facsimiles. In
case any officer or officers who shall have signed, or whose facsimile signature or signatures shall have been used on, any such certificate or certificates shall cease to be such officer or officers of the Company, whether because of death,
resignation or otherwise, before such certificate or certificates shall have been delivered by the Company, such certificate or certificates may nevertheless be adopted by the Company and be issued and delivered as though the person or persons who
signed such certificate or certificates or whose facsimile signature shall have been used thereon had not ceased to be such officer or officers of the Company. 

  
 - 13 - 

 5.2. Fractional Share Interests. The Company may, but shall not be required to,
issue fractions of a share. If the Company does not issue fractions of a share, it shall (i) arrange for the disposition of fractional interests by those entitled thereto, (ii) pay in cash the fair value of fractions of a share as of the
time when those entitled to receive such fractions are determined, or (iii) issue scrip or warrants in registered or bearer form that shall entitle the holder to receive a certificate for a full share upon the surrender of such scrip or
warrants aggregating a full share. A certificate for a fractional share shall, but scrip or warrants shall not unless otherwise provided therein, entitle the holder to exercise voting rights, to receive dividends thereon, and to participate in any
of the assets of the Company in the event of liquidation. The Board of Directors may cause scrip or warrants to be issued subject to the conditions that they shall become void if not exchanged for certificates representing full shares before a
specified date, or subject to the conditions that the shares for which scrip or warrants are exchangeable may be sold by the Company and the proceeds thereof distributed to the holders of scrip or warrants, or subject to any other conditions that
the Board of Directors may impose. 
 5.3. Transfers of Stock. 

Subject to any transfer restrictions then in force, upon the surrender to the Company or the transfer agent of the Company of a certificate
for shares duly endorsed or accompanied by proper evidence of succession, assignation or authority to transfer, such certificate for shares shall be cancelled, issuance of the equivalent of uncertificated or certificated shares shall be made to the
stockholder entitled thereto, and the transaction shall be recorded upon the books of the Company. 
 Subject to any transfer restrictions
then in force, upon the receipt of proper transfer instructions from the registered owner of uncertificated shares, with such proof of authenticity of signature as the Company or its transfer agent or registrar may reasonably require, such
uncertificated shares shall be cancelled, issuance of new equivalent uncertificated shares or certificated shares shall be made to the stockholder entitled thereto and the transaction shall be recorded upon the books of the Company. 

The Company shall be entitled to treat the holder of record of any share or shares of stock as the holder in fact thereof and accordingly
shall not be bound to recognize any equitable or other claim to or interest in such share on the part of any other person whether or not it shall have express or other notice thereof save as expressly provided by the laws of Delaware. 

  
 - 14 - 

 5.4. Record Date. For the purpose of determining the stockholders entitled to
notice of or to vote at any meeting of stockholders or any adjournment thereof or entitled to receive payment of any dividend or other distribution or the allotment of any rights, or entitled to exercise any rights in respect of any change,
conversion, or exchange of stock or for the purpose of any other lawful action, the Board of Directors may fix, in advance, a record date, that shall not be more than sixty (60) days nor less than ten (10) days before the date of such
meeting, nor more than sixty (60) days prior to any other action. If no such record date is fixed by the Board of Directors, the record date for determining stockholders entitled to notice of or to vote at a meeting of stockholders shall be at
the close of business on the day next preceding the day on which notice is given, or, if notice is waived, at the close of business on the day next preceding the day on which the meeting is held; and the record date for determining stockholders for
any other purpose shall be at the close of business on the day on which the Board of Directors adopts the resolution relating thereto. A determination of stockholders of record entitled to notice of or to vote at any meeting of stockholders shall
apply to any adjournment of the meeting; provided, however, that the Board of Directors may fix a new record date for the adjourned meeting. 

5.5. Transfer Agent and Registrar. The Board of Directors may appoint one or more transfer agents or transfer clerks and one or
more registrars and may require all certificates of stock to bear the signature or signatures of any of them. 
 5.6.
Dividends.  
 1. Power to Declare. Dividends upon the capital stock of the Company, subject to the provisions of
the Charter, if any, may be declared by the Board of Directors at any regular or special meeting. Dividends may be paid in cash, in property, or in shares of the capital stock, subject to the provisions of the Charter and the laws of Delaware. 

2. Reserves. Before payment of any dividend, there may be set aside out of any funds of the Company available for dividends such sum or
sums as the directors from time to time, in their absolute discretion, think proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the Company, or for such other purpose
as the directors shall think conducive to the interest of the Company, and the directors may modify or abolish any such reserve in the manner in which it was created. 

5.7. Lost, Stolen, or Destroyed Certificates. No certificates for shares of stock or uncertificated shares of stock of the
Company shall be issued in place of any certificate alleged to have been lost, stolen, or destroyed, except upon production of such evidence of the loss, theft, or destruction and upon indemnification of the Company and its agents to such extent and
in such manner as the Board of Directors may from time to time prescribe. Upon production of any required evidence and indemnification, the Company may issue (i) a new certificate or certificates of stock or (ii) uncertificated shares in
place of any certificate or certificates previously issued by the Company alleged to have been lost, stolen or destroyed. 

  
 - 15 - 

 5.8. Inspection of Books. The stockholders of the Company, by an affirmative vote
of stockholders holding a majority of the shares present in person or by means of remote communications or represented by proxy at the meeting at any meeting of stockholders duly called, or in case the stockholders shall fail to act, the Board of
Directors, shall have power from time to time to determine whether and to what extent and at what times and places and under what conditions and regulations the accounts and books of the Company (other than the stock ledger) or any of them, shall be
open to inspection of stockholders; and no stockholder shall have any right to inspect any account or book or document of the Company except as conferred by statute or authorized by the Board of Directors or by a resolution of the stockholders. 

Article VI. - Miscellaneous Management Provisions. 

6.1. Checks, Drafts, and Notes. All checks, drafts, or orders for the payment of money, and all notes and acceptances of the
Company shall be signed by such officer or officers, or such agent or agents, as the Board of Directors may designate. 
 6.2.
Notices.  
 1. Notices to directors may, and notices to stockholders shall, be in writing and (a) delivered
personally, (b) mailed to the directors or stockholders at their addresses appearing on the books of the Company, or (c) delivered by a form of electronic transmission which is consented to by the stockholder or the director to whom the
notice is given. Notice by mail shall be deemed to be given at the time when the same shall be mailed. Notice by electronic transmission shall be deemed to be given (i) if by facsimile telecommunication, when directed to a number at which the
stockholder or the director has consented to receive notice, (ii) if by electronic mail, when directed to an electronic mail address at which the stockholder or director has consented to receive notice, (iii) if by a posting on an
electronic network together with a separate notice to the stockholder or the director of such specific posting, upon the later of (A) such posting, and (B) the giving of such separate notice, and (iv) if by any other form of
electronic transmission, when directed to the stockholder or the director. Notice to directors may also be given by telegram or orally, by telephone or in person. 

2. Whenever any notice is required to be given under the provisions of any applicable statute or of the Charter or of these by-laws, a written
waiver of notice, signed by the person or persons entitled to said notice, or waiver of notice by electronic transmission by the person or persons entitled to said notice, whether before or after the time stated therein or the meeting or action to
which such notice relates, shall be deemed equivalent to notice. Attendance of a person at a meeting shall constitute a waiver of notice of such meeting except when the person attends a meeting for the express purpose of objecting, at the beginning
of the meeting, to the transaction of any business because the meeting is not lawfully called or convened. 

  
 - 16 - 

 6.3. Conflict of Interest. No contract or transaction between the Company and one
or more of its directors or officers, or between the Company and any other corporation, partnership, association, or other organization in which one or more of its directors or officers are directors or officers, or have a financial interest, shall
be void or voidable solely for this reason, or solely because the director or officer is present at or participates in the meeting of the Board of Directors or the committee thereof that authorized the contract or transaction, or solely because his
or her or their votes are counted for such purpose, if: (i) the material facts as to such director’s or officer’s relationship or interest and as to the contract or transaction are disclosed or are known to the Board of Directors or
the committee and the Board of Directors or committee in good faith authorizes the contract or transaction by the affirmative vote of a majority of the disinterested directors, even though the disinterested directors be less than a quorum; or
(ii) the material facts as to such director’s or officer’s relationship or interest and as to the contract or transaction are disclosed or are known to the stockholders of the Company entitled to vote thereon, and the contract or
transaction is specifically approved in good faith by vote of such stockholders; or (iii) the contract or transaction is fair as to the Company as of the time it is authorized, approved, or ratified, by the Board of Directors, a committee or
the stockholders. Common or interested directors may be counted in determining the presence of a quorum at a meeting of the Board of Directors or of a committee that authorizes the contract or transaction. 

6.4. Voting of Securities Owned by the Company. Subject always to the specific directions of the Board of Directors,
(i) any shares or other securities issued by any other corporation and owned or controlled by the Company may be voted in person at any meeting of security holders of such other corporation by either the President or the Chief Financial Officer
of the Company if he or she is present at such meeting, or in their absence by the Treasurer of the Company if he or she is present at such meeting, and (ii) whenever, in the judgment of the President or the Chief Financial Officer, it is
desirable for the Company to execute a proxy or written consent in respect to any shares or other securities issued by any other corporation and owned by the Company, such proxy or consent shall be executed in the name of the Company by the
President or the Chief Financial Officer, without the necessity of any authorization by the Board of Directors, affixation of corporate seal or countersignature or attestation by another officer, provided that if the President and the Chief
Financial Officer are unable to execute such proxy or consent by reason of sickness, absence from the United States or other similar cause, the Treasurer may execute such proxy or consent. Any person or persons designated in the manner above stated
as the proxy or proxies of the Company shall have full right, power and authority to vote the shares or other securities issued by such other corporation and owned by the Company the same as such shares or other securities might be voted by the
Company. 
 Article VII. - Indemnification. 

7.1. Right to Indemnification. Each person who was or is made a party or is threatened to be made a party to or is otherwise
involved in any action, suit or proceeding, whether civil, criminal, administrative or investigative (a “Proceeding”), by reason of being or having been a director or officer of the Company or serving or having served at the request
of the Company as a director, trustee, officer, employee or agent of another corporation or of a partnership, joint venture, trust or other enterprise, including service with respect to an employee benefit plan (an “Indemnitee”),
whether the basis of such proceeding is alleged action or failure to act in an official capacity as a director, trustee, officer, employee or agent or in any other capacity while serving as a director, trustee, officer, employee or agent, shall be
indemnified and held harmless by the Company to the fullest extent authorized by the DGCL, as the same exists or may hereafter be amended (but, in the case of any such amendment, only to the extent that such amendment permits the Company to provide
broader indemnification rights than permitted prior thereto) (as used in this Article VII, the “Delaware Law”), against all expense, liability and loss (including attorneys’ fees, judgments, fines, ERISA excise taxes or
penalties and amounts paid in settlement) reasonably incurred or suffered by such Indemnitee in connection therewith and such indemnification shall continue as to an Indemnitee who has ceased to be a director, trustee, officer, employee, or agent
and shall inure to the benefit of the Indemnitee’s heirs, executors, and administrators; provided, however, that, except as provided in Section 7.2 hereof with respect to Proceedings to enforce rights to indemnification, the Company shall
indemnify any such Indemnitee in connection with a Proceeding (or part thereof) initiated by such Indemnitee only if such Proceeding (or part thereof) was authorized by the Board of Directors of the Company. The right to indemnification conferred in
this Article VII shall be a contract right and shall include the right to be paid by the Company the expenses (including attorneys’ fees) incurred in defending any such Proceeding in advance of its final disposition (an “Advancement of
Expenses”); provided, however, that, if the Delaware Law so requires, an Advancement of Expenses incurred by an Indemnitee shall be made only upon delivery to the Company of an undertaking (an “Undertaking”), by or on
behalf of such Indemnitee, to repay all amounts so advanced if it shall ultimately be determined by final judicial decision from which there is no further right to appeal (a “Final Adjudication”) that such Indemnitee is not entitled
to be indemnified for such expenses under this Article VII or otherwise. 

  
 - 17 - 

 7.2. Right of Indemnitee to Bring Suit. If a claim under Section 7.1 hereof is
not paid in full by the Company within sixty days after a written claim has been received by the Company, except in the case of a claim for an Advancement of Expenses, in which case the applicable period shall be twenty days, the Indemnitee may at
any time thereafter bring suit against the Company to recover the unpaid amount of the claim. If successful in whole or in part in any such suit, or in a suit brought by the Company to recover an Advancement of Expenses pursuant to the terms of an
Undertaking, the Indemnitee shall be entitled to be paid also the expense of prosecuting or defending such suit. In any suit brought by the Indemnitee to enforce a right to indemnification hereunder (but not in a suit brought by the Indemnitee to
enforce a right to an Advancement of Expenses) it shall be a defense that the Indemnitee has not met the applicable standard of conduct set forth in the Delaware Law. In addition, in any suit brought by the Company to recover an Advancement of
Expenses pursuant to the terms of an Undertaking the Company shall be entitled to recover such expenses upon a Final Adjudication that the Indemnitee has not met the applicable standard of conduct set forth in the Delaware Law. Neither the failure
of the Company (including its Board of Directors, independent legal counsel, or its stockholders) to have made a determination prior to the commencement of such suit that indemnification of the Indemnitee is proper in the circumstances because the
Indemnitee has met the applicable standard of conduct set forth in the Delaware Law, nor an actual determination by the Company (including its Board of Directors, independent legal counsel, or its stockholders) that the Indemnitee has not met such
applicable standard of conduct, shall create a presumption that the Indemnitee has not met the applicable standard of conduct or, in the case of such a suit brought by the Indemnitee, be a defense to such suit. In any suit brought by the Indemnitee
to enforce a right to indemnification or to an Advancement of Expenses hereunder, or by the Company to recover an Advancement of Expenses pursuant to the terms of an Undertaking, the burden of proving that the Indemnitee is not entitled to be
indemnified, or to such Advancement of Expenses, under this Article VII or otherwise shall be on the Company. 

  
 - 18 - 

 7.3. Non-Exclusivity of Rights. The rights to indemnification and to the
Advancement of Expenses conferred in this Article VII shall not be exclusive of any other right that any person may have or hereafter acquire under any statute, the Charter, agreement, vote of stockholders or disinterested directors or otherwise.

 7.4. Insurance. The Company may maintain insurance, at its expense, to protect itself and any director, officer, employee
or agent of the Company or another corporation, partnership, joint venture, trust or other enterprise against any expense, liability or loss, whether or not the Company would have the power to indemnify such person against such expense, liability or
loss under this Article VII or under the Delaware Law. 
 7.5. Indemnification of Employees and Agents of the Company. The
Company may, to the extent authorized from time to time by the Board of Directors, grant rights to indemnification, and to the Advancement of Expenses, to any employee or agent of the Company to the fullest extent of the provisions of this Article
VII with respect to the indemnification and Advancement of Expenses of directors and officers of the Company. 
 Article VIII. -
Amendments. 
 8.1. Amendments. 

Subject always to any limitations imposed by the Charter, these by-laws may be altered, amended, or repealed, or new by-laws may be adopted,
only by (i) the affirmative vote of the holders of at least a majority of the outstanding voting stock of the Company, provided, that the affirmative vote of the holders of at least 67% of the outstanding voting stock of the Company shall be
required for any such alteration, amendment, repeal, or adoption that would affect or be inconsistent with the provisions of Sections 2.11, 2.12 or 3.1, Article VII and this Section 8.1 (in each case, in addition to any separate class vote that
may be required pursuant to the terms of any then outstanding preferred stock of the Company), or (ii) by resolution of the Board of Directors duly adopted by not less than a majority of the directors then constituting the full Board of
Directors. 
  
  

  
 - 19 -SETTLEMENT
AGREEMENT

 

THIS
AGREEMENT, entered into this   day of September, 2015, by and among Supernova Energy, Inc.; Rockford Oil Corp.; Cartonio,
Inc.; Harbortown, Inc.; Navon Consulting Corp., hereinafter collectively referred to as “Plaintiffs”; and Lasso Energy,
LLC and Lasso Holding, LLC, hereinafter collectively referred to as “Defendants”

 

WHEREAS,
the Plaintiffs and Defendants are parties to litigation identified as follows:

 

SUPERNOVA
ENERGY, INC. et al VS. LASSO ENERGY, LLC AND LASSO HOLDING, LLC

STAFFORD
COUNTY CASE NO: 2015-CV-7

 

HARBORTOWN,
INC. et al VS. LASSO ENERGY, LLC AND LASSO HOLDING, LLC

STAFFORD
COUNTY CASE NO: 2015-CV-8

 

SUPERNOVA
ENERGY, INC. VS. LASSO ENERGY, LLC AND LASSO HOLDING, LLC

BARTON
COUNTY CASE NO: 2015-CV-39

 

SUPERNOVA
ENERGY, INC., et al VS. LASSO ENERGY, LLC AND LASSO HOLDING, LLC

BARTON
COUNTY CASE NO: 2015-CV-40

 

SUPERNOVA
ENERGY, INC. et al VS. LASSO ENERGY, LLC AND LASSO HOLDING, LLC

BUTLER
COUNTY CASE NO: 2015-CV-108

 

SUPERNOVA
ENERGY, INC. VS. LASSO ENERGY, LLC AND LASSO HOLDING, LLC

PRATT
COUNTY CASE NO: 2015-CV-20

 

hereinafter referred to as the “litigation”

 

WHEREAS,
each of the above separate actions with the exception of Stafford County

 

Case
No. 15-CV-8, have been consolidated in Barton County District Court Case No. 15-CV-40.

 

SETTLEMENT
AGREEMENT Page 2

 

WHEREAS,
the litigation involves claims by the parties all more particularly set forth therein, collectively referred to as “Parties’
Claims.”

 

WHEREAS,
the Plaintiffs and Defendants wish to settle all of the parties’ claims all as hereinafter more particularly set out herein.

 

NOW
THEREFORE, in consideration of the agreements hereinafter set forth, the

 

Plaintiffs
and Defendants agree as follows:

 

1.That
the litigation shall be dismissed and all parties will dismiss all claims with prejudice.

 

2.That
the Plaintiffs shall pay at closing to the Defendant, subject to conditions hereinafter set out, the total sum of Sixty-two Thousand
Five Hundred and 00/100 U.S. Dollars ($62,500.00) in satisfaction of all claims of the Defendant against the Plaintiffs.

 

    	1

    	 

    

 

3.That
Harbortown, Inc. shall assign and transfer its 23% gross working interest (.18657539 NRI) to Lasso Energy, LLC in and to the
following leases:

 

Brenn
Unit:

 

Oil
and Gas Lease from George Budge and Etta Budge, husband and wife, Lessors, to Sinclair Prairie Oil Company, Lessee, recorded
in Book 24, Page 511, Register of Deeds Office, Stafford County, Kansas, covering the South Half of the Northwest Quarter
(S/2 NW/4) of Section Nineteen (19), Township Twenty-three (23) South, Range Thirteen (13) West, Stafford County,
Kansas,

 

Oil
and Gas Lease from William A. Smith and Agnes E. Smith, his wife, Lessors, to P.H. Beckerdite, Lessee, recorded in Book 26,
Page 205, Register of Deeds Office, Stafford County, Kansas, covering the South Half of the Northeast Quarter (S/2 NE/4) of
Section Nineteen (19), Township Twenty- three (23) South, Range Thirteen (13) West, Stafford County, Kansas, Oil and Gas
Lease dated June 10, 1949, from Edna Mary Jones and Gordon N. Jones, her husband, and Audrey Opal Brenn Lietman and Henry Orr
Lietman, her husband, Lessors, to P.H. Beckerdite, Lessee, recorded in Book 28, Page 259, Register of Deeds Office, Stafford
County, Kansas, covering the Northeast Quarter of the Southwest Quarter (NE/4 SW/4) of Section Nineteen (19), Township
Twenty-three (23) South, Range Thirteen (13) West, Stafford County, Kansas,

 

Oil
and Gas Lease dated March 1, 1968, from Audrey Opal Lietman, a widow, Lessor, to Sterling Drilling Company, Lessee, recorded in
Book 69, Page 257, Register of Deeds Office, Stafford County, Kansas, covering the Northwest Quarter and the Southeast Quarter
(NW/4 SE/4) of Section Nineteen (19), Township Twenty-three (23) South, Range Thirteen (13) West, Stafford County, Kansas.

 

The
assignment shall include assignors’ interest in all equipment, wells and well bores located on the above-described leased
premises.

 

4.That
Northumberland Resources, Inc., and Supernova Energy, Inc. shall assign and transfer their 23% gross working interest (.19665000
NRI) to Lasso Energy, LLC in and to the following leases:

 

Welsh-Beaver
Unit

 

Oil
and Gas Lease dated April 6, 1948, from Robigny Jacob Welsh, Jr. and Mary Louise Welsh, his wife, Lessors, to Sinclair Prairie
Oil Company, Lessee, recorded in Book 25, Page 432, insofar and only insofar as said lease covered the Northeast Quarter (NE/4)
of Section Sixteen (16), Township Twenty-three (23) South, Range Fourteen (14) West, Stafford County, Kansas

 

Oil
and Gas Lease dated January 4, 1967, from Ward Beaver, Guardian and Conservator of Minnie B. Beaver, Lessor, to B. E. Shelton,
Lessee, recorded in Book 66, Page 173, insofar as said lease covers the Southeast Quarter (SE/4) of Section of Section Sixteen
(16), Township Twenty-three (23) South, Range Fourteen (14) West, Stafford County, Kansas

 

Oil
and Gas Lease dated January 7, 1967, from George D. Walls, et al., Lessor, to B. E. Shelton, Lessee, recorded in Book 65, Page
381, insofar as said lease covers the Southwest Quarter (SW/4) of Section Fifteen (15), Township Twenty-three (23) South, Range
Fourteen (14) West, Stafford County, Kansas

 

    	2

    	 

    

 

The
assignment shall include assignors’ interest in all equipment, wells and well bores located on the above-described leased
premises.

 

5.The
Defendants will transfer to Plaintiff’s nominee a 33.75% gross working interest (.28740234 net revenue interest) in and
to the following described Oil and Gas Lease:

 

Anderson Lease

 

Oil
and gas lease dated March 21, 1956, from Edna A. Anderson and Wilbur W. Anderson, her husband, Lessors, to Oil Trading Associates,
Inc., Lessee, recorded in Book 195, Page 247, Register of Deeds Office, Barton County, Kansas, covering the Northwest Quarter
(NW/4) of Section Twenty-eight (28), Township Twenty (20) South, Range Twelve (12) West, Barton County, Kansas.

 

which
will result in Plaintiffs and/or their nominee owning 93.75% working interest (.79833980 net revenue interest. The assignment
shall include assignors’ interest in all equipment, wells and well bores located on the above-described leased premises.

 

6.That
the Defendants shall assign to Plaintiff’s nominees 45% working interest (.36000000 net revenue interest) in and to the
following described Oil and Gas Lease:

 

Asmussen
Lease

 

 

Oil
and Gas Lease dated August 29, 2006, from Harry B. Clay, Jr., single, Lessor, to Leon C. Smitherman, Jr., Lessee. Said Lease covered
the captioned property and was recorded in Book 2006, Page 9275, Register of Deeds Office, Butler County, Kansas

 

and

 

Oil
and Gas Lease dated August 29, 2006, from Michael E. Clay and Norma J. Clay, his wife, Lessor, to Leon C. Smitherman, Jr.,
Lessee. Said Lease was recorded in Book 2006, Page 9274, Register of Deeds Office, Butler County, Kansas

 

insofar as said
leases cover:

 

West
Half of the Southeast Quarter (W/2 SE/4) of Section Sixteen (16), Township Twenty-nine (29) South, Range Four (4) East,
Butler County, Kansas.

 

The
assignment shall include assignors’ interest in all equipment, wells and well bores located on the above-described leased
premises.

 

7.The
Defendants shall assign to Plaintiff a 30% working interest (.24000120 net revenue interest) in and to the following Oil and Gas
Lease:

 

Sanders
Lease

 

Oil
and Gas Lease dated August 9, 1957, from Earl W. Sanders, et al., Lessor to Warren Bowker, Lessee, recorded in Book 43, Page 623,
Register of Deeds Stafford County, Kansas, covering the Northwest Quarter (NW/4) of Section One (1), Township Twenty-five (25),
Range Fourteen (14) West, Stafford County, Kansas.

 

    	3

    	 

    

 

The
assignment shall include assignors’ interest in all equipment, wells and well bores located on the above-described leased
premises.

 

8.The
Defendant shall assign to Plaintiff’s nominee a 50% gross working interest (.41015625 net revenue) interest in and to the
following Oil and Gas Lease:

 

Dannebohm
Lease

 

Oil
and Gas Lease dated June 8, 1951, from John Dannebohm, Lessor, to Petroleum, Inc., recorded in Book 159, Page 120, Register of
Deeds Office, Barton County, Kansas, covering the Southwest Quarter (SW/4) of Section Thirty-six (36), Township Twenty (20) South,
Range Twelve (12), West, Barton County, Kansas in addition to all of its right, title and interest in the Surface
Lease and Waste Water Disposal Agreement recorded in Book 196, Page 163 register of deeds Barton County, Kansas.

 

The
Defendants represent that they are the current owner of a 33% working interest (.27070296 net revenue interest) and agree that
they will acquire an additional 17% working interest for the total of 50% working interest. If Defendants are unable to deliver
the additional 17% working interest, the Plaintiffs will reduce the payment set out at paragraph 2. above to defendants by the
sum of Five Thousand and 00/100 Dollars ($5,000.00). The assignment shall include assignors’ interest in all equipment,
wells and well bores located on the above-described leased premises.

 

9.Defendants
will assign to the Plaintiff’s nominee 30% working interest. The net revenue interest as to the indicated leases vary but
shall include all the net revenue owned by the Defendants in and to the following Oil and Gas Leases:

 

Harrel
D Lease

 

Oil
and Gas Lease dated June 11, 1954, from Harley Harrel and Clara D. Harrel, his wife, Lessors, to Cities Service Oil Company, Lessee,
recorded in Book 62, Page 339, covering the East Half Southeast Quarter (E/2 SE/4) of Section Twenty-seven (27), Township Twenty-nine
(29) South, Range Thirteen (13) West, and the East Half of the Northeast Quarter (E/2 NE/4) of Section Thirty-four (34), Township
Twenty-nine (29) South, Range Thirteen (13) West, Pratt County, Kansas

 

Thompson
Lease:

 

Oil
and Gas Lease dated October 13, 1989, from Dwight H. Thompson, Jr., and Doris M. Thompson, his wife, Lessors, to Sierra
Financial Corporation, Inc., Lessee, recorded in Book 215, Page 650. Register of Deeds Office, Pratt County, Kansas, covering
the Northeast Quarter of the Southwest Quarter (NE/4 SW/4) of Section Twenty-seven (27), Township Twenty-nine (29) South,
Range Thirteen (13) West, Pratt County, Kansas

 

Keyes
A Lease:

 

Oil
and Gas Lease dated March 29, 1955, from Mary Temple Stoopa, a widow; J.L. Keyes, a widow, Della Harrel and Harley Harrel, her
husband; Myrtle Rapp and W.B. Rapp, her husband; Lena Merriman, a widow, Dessie Humble and Warren W. Humble, her husband, Rose
Lathim Moore and Earl Moore, her husband; J.F. Keyes and Clara Keyes, his wife; W.R. Keyes and Clara Keyes, his wife; Ruby Humble
and Leslie L. Humble, her husband, Lessors, to Cities Service Oil Company, recorded in Book 66, Page 277, Register of Deeds Office,
Pratt County, Kansas, covering the East Half of the Southeast Quarter (E/2 SE/4) of Section Thirty-four (34), Township Twenty-nine
(29) South, Range Thirteen (13) West, Pratt County, Kansas

 

Keyes
B Lease:

 

Oil
and Gas Lease dated February 5, 1957 from Ruby Humble, et al, Lessors, to Sinclair Oil and Gas Company, Lessee, covering the Southwest
Quarter (SW/4) of Section Thirty-five (35), Township Twenty-nine (29) South, Range Thirteen (13) West, Pratt County, Kansas, recorded
in book 73, Page 145, Register of Deeds Office, Pratt County, Kansas

 

    	4

    	 

    

 

Larrison
Lease:

 

Oil
and Gas Lease dated July 16, 1955 from Irene Larrison, et ux, Lessors, to Luke Mowbray, Lessee, covering the Southwest Quarter
(SW/4) of Section Twenty-six (26), Township Twenty- nine (29) South, Range Thirteen (13) West, Pratt County, Kansas, recorded
in Book 67, Page 119, Register of Deeds Office, Pratt County, Kansas

  

Mason
Lease:

 

Oil
and Gas Lease dated March 16, 1988, from Roy M. Wade and Mary Helen Wade, husband and wife, Lessors, to The Texas Challenge Oil
Co., Inc., Lessee, recorded in Book 209, Page 391, Register of Deeds Office, Pratt County, Kansas

 

Oil
and Gas Lease dated March 16, 1988, from Dave L. Boyer and Gloria S. Boyer, husband and wife, Lessors, to The Texas Challenge
Oil Co., Inc., Lessee, recorded in Book 209, Page 109, Register of Deeds Office, Pratt County, Kansas

 

Oil
and Gas Lease dated March 16, 1988, from Leland Chandler Scrogin and Vina Ruth Scrogin, husband and wife, Lessors, to The Texas
Challenge Oil Co., Inc., Lessee, recorded in Book 209, Page 389, Register of Deeds Office, Pratt County, Kansas

 

Oil
and Gas Lease dated March 16, 1988, from Elizabeth Ann Scrogin, a single person, Lessor, to The Texas Challenge Oil Co., Lessee,
recorded in Book 209, Page 83, Register of Deeds Office, Pratt County, Kansas

 

Oil
and Gas Lease dated March 16,1988, from Jeanne Kathleen Kridler, a single person, Lessor, to The Texas Challenge Oil Co., Inc.,
Lessee, recorded in Book 209, Page 111, Register of Deeds Office, Pratt County, Kansas

 

Oil
and Gas Lease dated March 16,1988, from Shirley S. Scrogin a/k/a Shirley Stewart Scrogin, a single person, Lessor, to The Texas
Challenge Oil Co., Inc., Lessee, recorded in Book 209, Page 45, Register of Deeds Office, Pratt County, Kansas

 

Oil
and Gas Lease dated February 13, 1987, from Keith W. Mason and Bernice Mason, husband and wife, Lessors, to The Texas Challenge
Oil Co., Inc., recorded in Book 204, Page 166, Pratt County, Kansas

 

all
of the above leases covering the West Half of the Southeast Quarter (W/2 SE/4) and the Southeast Quarter of the Southwest Quarter
(SE/4 SW/4) of Section Twenty-Seven (27), Township Twenty-Nine (29) South, Range Thirteen (13) West, Pratt County Kansas.

 

The
assignment shall include assignors’ interest in all equipment, wells and well bores located on the above-described leased
premises.

 

10.Defendants
will provide satisfactory proof to Navon Consulting Corporation that Defendants have submitted all required payments to the Internal
Revenue Service on behalf of Navon Consulting Corporation incident its ownership interest in the Anderson Lease.

 

11.All
claims of the Defendant in the litigation against any and all of the Plaintiffs are dismissed with prejudice.

12.All
claims of the Plaintiffs in the litigation against any and all of the Defendants are dismissed with prejudice.

 

    	5

    	 

    

 

13.Upon
reasonable prior written notice, the Defendants shall make available for the Plaintiff’s or its designee to retrieve items
of personal property removed from the Larrison lease represented by Exhibit 5 of Plaintiff’s Interrogatories which is attached,
hereto, subject to the agreement that items No.6 and No. 7 of Exhibit 5 have been sold by Defendants and Defendants will replace
those items with like kind and quality equipment. The items of personal property set forth in this paragraph shall be located
at the Defendants yard in Chase, Kansas and shall be removed by the Plaintiff, and/or its designee, by December 1, 2015. If the
items are not removed by December 1, 2015, they shall be deemed abandoned and become property of the Defendants. Defendants agree
to provide reasonable access to the Plaintiffs for removal of said equipment.

 

14.Defendant
has been the operator of the oil and gas leases above described and warrants and represents that all expenses, including all
property taxes for the year 2014 and prior years, incurred incident to operating the oil and gas leases have been paid as of
date of closing October 1, 2015. The Plaintiffs warrant that their interest being assigned herein above is free and clear of
any liens, mortgages or encumbrances. Defendants warrant that the leases that are the subject of the assignments herein and
being transferred to the Plaintiffs and/or its designee, are free and clear of any liens, mortgages, encumbrances, as to the
interest being assigned. Defendants shall provide Plaintiffs at or prior to closing, proof in the form of tax receipts
incident to payment of property taxes on the leases being assigned to Plaintiffs herein. Plaintiffs shall be responsible for
payment of property taxes incident to the interest being assigned to them for all years subsequent to year 2014. Defendants
shall be responsible for the property taxes incident to the interest assigned to it for all years subsequent to year 2014. Plaintiffs
responsibility for its share of property taxes on all leases assigned to Defendants for the year 2014 and prior years have
been paid as part of the consideration described in paragraph 2 herein. Defendants shall be responsible for all property
taxes on all leases assigned to Plaintiffs for the year 2014 and prior years.

 

15.The
effective date of the transfers of the assignments herein and settlement shall be October 1, 2015. The parties agree that the
Defendants shall be entitled to reasonably operate consistent with normal practice and be entitled to the revenue and be obligated
for the expense incident to the interest being assigned through September 30, 2015. Defendants will deliver to Plaintiffs or its
nominee all well files on all leases that are being assigned to Plaintiffs herein. T1s will be signed by all parties by closing
and will be filed with the Kansas Corporation Commission within ten (10) days of closing by Defendants.

 

16.Plaintiffs
and/or their designee will assume operations of all leases assigned to them effective October 1, 2015. Plaintiffs will conduct
a due diligence examination of all leases to verify that equipment is on the leases and will also review the documentation provided
by Defendants through discovery in the litigation to confirm that all equipment that was located on the property during the Defendants
operations thereof is accounted for. This examination will be completed on or before September 15, 2015.

 

17.The
parties agree to execute such documents as are reasonably necessary to effect the parties agreement as set out herein. This
transaction will close on October 1, 2015 at the Law Office of Bauer & Pike, LLC, 1310 Kansas Ave., Great Bend, Kansas.
The parties agree to exchange copies of all closing documents on or before September 29, 2015, so that each party might
ensure compliance with the terms of this Agreement prior to closing date.

 

18.This
instrument may be executed in multiple counterparts; each so executed shall be deemed an original for all purposes.

 

    	6

    	 

    

  

IN
WITNESS WHEREOF the parties have cause to be executed this document the date of the acknowledgment hereto.

  

	 	PLAINTIFFS
	 	SUPERNOVA ENERGY, INC. 
	 	 
	 	By /s/ Kevin Malone
	 	Kevin Malone, President
	 	 
	 	ROCKFORD OIL CORP.
	 	 
	 	/s/ Howard Bouch
	 	Howard Bouch,, President
	 	 
	 	 
	 	CARTONIO, INC.
	 	 
	 	/s/ Vincenzo Carnovale
	 	Vincenzo Carnovale, President
	 	 
	 	HARBORTOWN, INC.
	 	 
	 	/s/ Kenneth Liebshcer
	 	Kenneth Liebshcer, President
	 	 
	 	 
	 	NAVON CONSULTING CORP
	 	 
	 	/s/ Ruthy Navon
	 	 Ruthy Navon, President
	 	 
	 	DEFENDANTS
	 	LASSO ENERGY, LLC
	 	 
	 	/s/ Bruce Kelso
	 	Bruce Kelso, President
	 	 
	 	LASSO HOLDING, LLC
	 	 
	 	/s/ Bruce Kelso
	 	Bruce Kelso, President

    	7

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