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atkorethirdamendedandres

                                                                                       ATKORE INTERNATIONAL GROUP INC.    THIRD AMENDED AND RESTATED BY-LAWS           Effective as of February 19, 2019                     

 

                                                       ATKORE INTERNATIONAL GROUP INC.                                  BY-LAWS                               Table of Contents                                                                      Page                                  ARTICLE I                                                             MEETINGS OF STOCKHOLDERS   Section 1.01.   Annual Meetings. .........................................................................................1  Section 1.02.   Special Meetings. .........................................................................................1  Section 1.03.   Participation in Meetings by Remote Communication. ...............................1  Section 1.04.   Notice of Meetings; Waiver of Notice. ........................................................2  Section 1.05.   Proxies..........................................................................................................2  Section 1.06.   Voting Lists. .................................................................................................3  Section 1.07.   Quorum. .......................................................................................................3  Section 1.08.   Voting. .........................................................................................................3  Section 1.09.   Adjournment. ...............................................................................................4  Section 1.10.   Organization; Procedure; Inspection of Elections. ......................................4  Section 1.11.   Consent of Stockholders in Lieu of Meeting. ..............................................5  Section 1.12.   Notice of Stockholder Proposals and Nominations. ....................................5                                 ARTICLE II                                                                 BOARD OF DIRECTORS   Section 2.01.   General Powers. .........................................................................................10  Section 2.02.   Number and Term of Office. .....................................................................10  Section 2.03.   Classification; Election of Directors. .........................................................10  Section 2.04.   Regular Meetings. ......................................................................................11  Section 2.05.   Special Meetings. .......................................................................................11  Section 2.06.   Notice of Meetings; Waiver of Notice. ......................................................11  Section 2.07.   Quorum; Voting. ........................................................................................11  Section 2.08.   Action by Telephonic Communications. ...................................................11  Section 2.09.   Adjournment. .............................................................................................11  Section 2.10.   Action Without a Meeting. ........................................................................12  Section 2.11.   Regulations. ...............................................................................................12  Section 2.12.   Resignations of Directors. ..........................................................................12  Section 2.13.   Removal of Directors. ................................................................................12  Section 2.14.   Vacancies and Newly Created Directorships. ............................................12  Section 2.15.   Compensation. ...........................................................................................12  Section 2.16.   Reliance on Accounts and Reports, etc......................................................12      

 

                                                                                                        Table of Contents                                 (continued)                                                                      Page                                 ARTICLE III                                                                     COMMITTEES   Section 3.01.   How Constituted. .......................................................................................13  Section 3.02.   Members and Alternate Members. .............................................................13  Section 3.03.   Committee Procedures. ..............................................................................13  Section 3.04.   Meetings and Actions of Committees. .......................................................13  Section 3.05.   Resignations and Removals. ......................................................................14  Section 3.06.   Vacancies. ..................................................................................................14                                 ARTICLE IV                                                                       OFFICERS   Section 4.01.   Officers. .....................................................................................................14  Section 4.02.   Election. .....................................................................................................14  Section 4.03.   Compensation. ...........................................................................................15  Section 4.04.   Removal and Resignation; Vacancies. .......................................................15  Section 4.05.   Authority and Duties of Officers. ..............................................................15  Section 4.06.   Chief Executive Officer. ............................................................................15  Section 4.07.   President. ....................................................................................................15  Section 4.08.   Vice Presidents...........................................................................................16  Section 4.09.   Secretary. ...................................................................................................16  Section 4.10.   Treasurer. ...................................................................................................17                                 ARTICLE V                                                                    CAPITAL STOCK   Section 5.01.   Certificates of Stock; Uncertificated Shares. .............................................18  Section 5.02.   Facsimile Signatures. .................................................................................18  Section 5.03.   Lost, Stolen or Destroyed Certificates. ......................................................18  Section 5.04.   Transfer of Stock........................................................................................18  Section 5.05.   Registered Stockholders.............................................................................19  Section 5.06.   Transfer Agent and Registrar. ....................................................................19                                 ARTICLE VI                                                                   INDEMNIFICATION   Section 6.01.   Indemnification. .........................................................................................19  Section 6.02.   Advance of Expenses. ................................................................................20  Section 6.03.   Procedure for Indemnification. ..................................................................20                                      ii  

 

                                                                                                        Table of Contents                                 (continued)                                                                      Page   Section 6.04.   Burden of Proof..........................................................................................21  Section 6.05.   Contract Right; Non-Exclusivity; Survival. ...............................................21  Section 6.06.   Insurance. ...................................................................................................21  Section 6.07.   Employees and Agents. ..............................................................................22  Section 6.08.   Interpretation; Severability. .......................................................................22                                 ARTICLE VII                                                                        OFFICES   Section 7.01.   Registered Office. ......................................................................................22  Section 7.02.   Other Offices. .............................................................................................22                                ARTICLE VIII                                                                 GENERAL PROVISIONS   Section 8.01.   Dividends. ..................................................................................................22  Section 8.02.   Reserves. ....................................................................................................23  Section 8.03.   Execution of Instruments. ..........................................................................23  Section 8.04.   Voting as Stockholder. ...............................................................................23  Section 8.05.   Fiscal Year. ................................................................................................23  Section 8.06.   Seal. ............................................................................................................23  Section 8.07.   Books and Records; Inspection. .................................................................23  Section 8.08.   Electronic Transmission.............................................................................23                                 ARTICLE IX                                                               AMENDMENT OF BY-LAWS   Section 9.01.   Amendment. ...............................................................................................24                                 ARTICLE X                                                                    CONSTRUCTION   Section 10.01.   Construction. ............................................................................................24                                             iii  

 

                                                                                            ATKORE INTERNATIONAL GROUP INC.                  THIRD AMENDED AND RESTATED BY-LAWS                 As amended and restated effective February 19, 2019                                 ARTICLE I                                                           MEETINGS OF STOCKHOLDERS            Section 1.01.  Annual Meetings.  The annual meeting of the stockholders of  Atkore International Group Inc. (the “Corporation”) for the election of directors to  succeed directors whose terms expire and for the transaction of such other business as  properly may come before such meeting shall be held either within or without the State of  Delaware, on such date and at such place, if any, and time as exclusively may be fixed  from time to time by resolution of the Corporation’s Board of Directors (the “Board”)  and set forth in the notice or waiver of notice of the meeting, unless, subject to the  certificate of incorporation of the Corporation as then in effect (as the same may be  amended from time to time, the “Certificate of Incorporation”) and Section 1.11 of these  By-laws, the stockholders have acted by written consent to elect directors as permitted by  the General Corporation Law of the State of Delaware, as amended from time to time (the  “DGCL”).  The Board may postpone, reschedule or cancel any annual meeting of  stockholders previously scheduled by the Board.            Section 1.02.  Special Meetings.  Special meetings of the stockholders of the  Corporation may be called only in the manner set forth in the Certificate of Incorporation.   Notice of every special meeting of the stockholders of the Corporation shall state the  purpose or purposes of such meeting.  Except as otherwise required by law, the business  conducted at a special meeting of stockholders of the Corporation shall be limited  exclusively to the business set forth in the Corporation’s notice of meeting, and the  individual or group calling such meeting shall have exclusive authority to determine the  business included in such notice.  Any special meeting of the stockholders shall be held  either within or without the State of Delaware, at such place, if any, and on such date and  time, as shall be specified in the notice of such special meeting.  The Board may  postpone, reschedule or cancel any special meeting of stockholders previously scheduled  by the Board.            Section 1.03.  Participation in Meetings by Remote Communication.  The  Board, acting in its sole discretion, may establish guidelines and procedures in  accordance with applicable provisions of the DGCL and any other applicable law for the  participation by stockholders and proxyholders in a meeting of stockholders by means of  remote communications (including by webcast), and may determine that any meeting of  stockholders will not be held at any place but will be held solely by means of remote  communication (including by webcast).  Stockholders and proxyholders complying with  such procedures and guidelines and otherwise entitled to vote at a meeting of  stockholders shall be deemed present in person and entitled to vote at a meeting of      

 

   stockholders, whether such meeting is to be held at a designated place or solely by means  of remote communication (including by webcast).              Section 1.04.  Notice of Meetings; Waiver of Notice.               (a)  The Secretary or any Assistant Secretary shall cause notice of each  meeting of stockholders to be given in writing in a manner permitted by the DGCL not  less than 10 days nor more than 60 days prior to the meeting to each stockholder of  record entitled to vote at such meeting as of the record date for determining the  stockholders entitled to notice of the meeting, subject to such exclusions as are then  permitted by the DGCL.  The notice shall specify (i) the place, if any, date and time of  such meeting, (ii) the means of remote communications, if any, by which stockholders  and proxyholders may be deemed to be present in person and vote at such meeting, (iii)  in the case of a special meeting, the purpose or purposes for which such meeting is called,  and (iv) the record date for determining the stockholders entitled to vote at the meeting (if  such date is different from the record date for stockholders entitled to notice of the  meeting).  The notice may contain such other information as may be required by law or  as may be deemed appropriate by the Chairman of the Board, Secretary or the Board.  If  the stockholder list referred to in Section 1.06 of these By-laws is made accessible on an  electronic network, the notice of meeting must indicate how the stockholder list can be  accessed.  If the meeting of stockholders is to be held solely by means of electronic  communications, the notice of meeting must provide the information required to access  such stockholder list during the meeting.                 (b)  A written waiver of notice of meeting signed by a stockholder or a  waiver by electronic transmission by a stockholder, whether given before or after the  meeting time stated in such notice, is deemed equivalent to notice.  Neither the business  to be transacted at, nor the purpose of, any regular or special meeting of the stockholders  need be specified in a waiver of notice.  Attendance of a stockholder at a meeting is a  waiver of notice of such meeting, except when the stockholder attends a meeting for the  express purpose of objecting at the beginning of the meeting to the transaction of any  business at the meeting on the ground that the meeting is not lawfully called or convened.              Section 1.05.  Proxies.               (a)  Each stockholder entitled to vote at a meeting of stockholders or to  express consent to or dissent from corporate action in writing without a meeting may  authorize another person or persons to act for such stockholder by proxy.                 (b)  A stockholder may authorize a valid proxy by executing a written  instrument signed by such stockholder, or by causing his or her signature to be affixed to  such writing by any reasonable means, including but not limited to by facsimile  signature, or by transmitting or authorizing an electronic transmission (as defined in  Section 8.08 of these By-laws) setting forth an authorization to act as proxy to the person  designated as the holder of the proxy, a proxy solicitation firm or a like authorized agent.   Proxies by electronic transmission must either set forth, or be submitted with, information  from which it can be determined that the electronic transmission was authorized by the                                       2  

 

   stockholder.  Any copy, facsimile telecommunication or other reliable reproduction of a  writing or transmission created pursuant to this section may be substituted or used in lieu  of the original writing or transmission for any and all purposes for which the original  writing or transmission could be used if such copy, facsimile telecommunication or other  reproduction is a complete reproduction of the entire original writing or transmission.               (c)  No proxy may be voted or acted upon after the expiration of three  years from the date of such proxy, unless such proxy provides for a longer period.  Every  proxy is revocable at the pleasure of the stockholder executing it unless the proxy states  that it is irrevocable and applicable law makes it irrevocable.  A stockholder may revoke  any proxy that is not irrevocable by attending the meeting and voting in person or by  filing an instrument in writing revoking the proxy or by filing another duly executed  proxy bearing a later date with the Secretary.              Section 1.06.  Voting Lists.   The officer of the Corporation who has charge  of the stock ledger of the Corporation shall prepare, at least 10 days before every meeting  of the stockholders, a complete list of the stockholders entitled to vote at the meeting  (provided, however, if the record date for determining the stockholders entitled to vote is  less than ten (10) days before the date of the meeting, the list shall reflect the  stockholders entitled to vote as of the tenth day before the meeting date), arranged in  alphabetical order, and showing the address of each stockholder and the number of shares  registered in the name of each stockholder. Such list shall be open to the examination of  any stockholder, for any purpose germane to the 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 meeting or (ii) during ordinary business hours at the principal  place of business of the Corporation. If the meeting is to be held at a place, then a list of  stockholders entitled to vote at the meeting shall be produced and kept at the time and  place of the meeting during the whole time thereof and may be examined by any  stockholder who is present. If the meeting is to be held solely by means of remote  communication, then the list shall also be open to the examination of any stockholder  during the whole time of the meeting on a reasonably accessible electronic network, and  the information required to access such list shall be provided with the notice of the  meeting.  The stock ledger shall be the only evidence as to who are the stockholders  entitled by this section to examine the list required by this section or to vote in person or  by proxy at any meeting of stockholders.            Section 1.07.  Quorum.  Except as otherwise required by law or by the  Certificate of Incorporation, the presence in person or by proxy of the holders of record  of a majority of the shares entitled to vote at a meeting of stockholders shall constitute a  quorum for the transaction of business at such meeting.              Section 1.08.  Voting.   Except as otherwise provided in the Certificate of  Incorporation or by applicable law, every holder of record of shares entitled to vote at a  meeting of stockholders is entitled to one vote for each share outstanding in his or her  name on the books of the Corporation (a) at the close of business on the record date for  stockholders entitled to vote or (b) if no record date has been fixed, at the close of  business on the day next preceding the day on which notice of the meeting is given, or if                                       3  

 

   notice is waived, at the close of business on the day next preceding the day on which the  meeting is held.  All matters at any meeting at which a quorum is present, including the  election of directors, shall be decided by the affirmative vote of the holders of at least a  majority of the outstanding shares of common stock present in person or represented by  proxy at the meeting and entitled to vote on the subject matter in question, unless  otherwise expressly provided by express provision of law, the Certificate of Incorporation  or these By-laws.  The stockholders do not have the right to cumulate their votes for the  election of directors.            Section 1.09.  Adjournment.   Any meeting of stockholders may be adjourned  from time to time, by the chairperson of the meeting or by the vote of a majority of the  shares of stock present in person or represented by proxy at the meeting, to reconvene at  the same or some other place, and notice need not be given of any such adjourned  meeting if the place, if any, and date and time thereof (and the means of remote  communication, if any, by which stockholders and proxyholders may be deemed to be  present in person and vote at such meeting) are announced at the meeting at which the  adjournment is taken. If the adjournment is for more than thirty (30) days, a notice of the  adjourned meeting shall be given to each stockholder of record entitled to vote at the  meeting. If after the adjournment a new record date for determination of stockholders  entitled to vote is fixed for the adjourned meeting, the Board of Directors shall fix as the  record date for determining stockholders entitled to notice of such adjourned meeting the  same or an earlier date as that fixed for determination of stockholders entitled to vote at  the adjourned meeting, and shall give notice of the adjourned meeting to each stockholder  of record as of the record date so fixed for notice of such adjourned. At the adjourned  meeting, the Corporation may transact any business that might have been transacted at  the original meeting.              Section 1.10.  Organization; Procedure; Inspection of Elections.               (a)  At every meeting of stockholders the presiding person shall be the  Chairman of the Board or, in the event of his or her absence or disability, the Chief  Executive Officer or, in the event of his or her absence or disability, a presiding person  chosen by resolution of the Board.  The Secretary or, in the event of his or her absence or  disability, the Assistant Secretary, if any, or, if there be no Assistant Secretary, in the  absence of the Secretary, an appointee of the presiding person, shall act as secretary of  the meeting. The Board may make such rules or regulations for the conduct of meetings  of stockholders as it shall deem necessary, appropriate or convenient.  Subject to any  such rules and regulations, the presiding officer of any meeting shall have the right and  authority to prescribe rules, regulations and procedures for such meeting and to take all  such actions as in the judgment of the presiding officer are appropriate for the proper  conduct of such meeting.  Such rules, regulations or procedures, whether adopted by the  Board or prescribed by the presiding person of the meeting, may include, without  limitation, the following:  (i) the establishment of an agenda or order of business for the  meeting; (ii) rules and procedures for maintaining order at the meeting and the safety of  those present; (iii) limitations on attendance at or participation in the meeting to  stockholders or records of the Corporation, their duly authorized and constituted proxies  or such other persons as the presiding person of the meeting shall determine; (iv)                                       4  

 

   restrictions on entry to the meeting after the time fixed for the commencement thereof;  and (v) limitations on the time allotted to questions or comments by participants.  The  presiding person at any meeting of stockholders, in addition to making any other  determinations that may be appropriate to the conduct of the meeting, shall, if the facts  warrant, determine and declare to the meeting that a matter or business was not properly  brought before the meeting and if such presiding person should so determine, such  presiding person shall so declare to the meeting and any such matter of business not  properly brought before the meeting shall not be transacted or considered.  Unless and to  the extent determined by the Board or the person presiding over the meeting, meetings of  stockholders shall not be required to be held in accordance with the rules of  parliamentary procedure.               (b)  Preceding any meeting of the stockholders, the Board may, and when  required by law shall, appoint one or more persons to act as inspectors of elections, and  may designate one or more alternate inspectors.  If no inspector or alternate so appointed  by the Board is able to act, or if no inspector or alternate has been appointed and the  appointment of an inspector is required by law, the person presiding at the meeting shall  appoint one or more inspectors to act at the meeting.  No director or nominee for the  office of director shall be appointed as an inspector of elections.  Each inspector, before  entering upon the discharge of the duties of an inspector, shall take and sign an oath  faithfully to execute the duties of inspector with strict impartiality and according to the  best of his or her ability.  The inspectors shall discharge their duties in accordance with  the requirements of applicable law.             Section 1.11.  Consent of Stockholders in Lieu of Meeting.  Except as  otherwise provided in the Certificate of Incorporation, stockholders may not take any  action by written consent in lieu of action at an annual or special meeting of stockholders.            Section 1.12.  Notice of Stockholder Proposals and Nominations.               (a)  Annual Meetings of Stockholders.  (i)  Nominations of persons for  election to the Board and the proposal of business to be considered by the stockholders  may be made at an annual meeting of stockholders only (A) pursuant to the Corporation’s  notice of the meeting (or any supplement thereto) delivered pursuant to Section 1.04 of  these By-laws, (B) by or at the direction of the Board or a committee of the Board  appointed by the Board for such purpose or (C) by any stockholder of the Corporation  who is entitled to vote at the meeting, who complies with the notice procedures set forth  in clauses (ii) and (iii) of this Section 1.12(a) and who is a stockholder of record at the  time such notice is delivered to the Secretary and at the date of the meeting.                 (ii)  For nominations or other business to be properly brought before an  annual meeting by a stockholder pursuant to subclause (D) of Section 1.12(a)(i) of these  By-laws, the stockholder must have given timely notice thereof in writing to the  Secretary and, in the case of business other than nominations for persons for election to  the Board, such other business must constitute a proper matter for stockholder action.  To  be timely, a stockholder’s notice shall be delivered to the Secretary at the principal  executive offices of the Corporation not less than ninety (90) days nor more than one                                       5  

 

   hundred and twenty (120) days prior to the first anniversary of the preceding year’s  annual meeting (which date shall, for purposes of the Corporation’s first annual meeting  of stockholders after its shares of common stock are first publicly traded, be deemed to  have occurred on February 15, 2016); provided, however, that in the event that the date of  the annual meeting is advanced by more than thirty (30) days or delayed by more than  seventy (70) days from such anniversary date of the preceding year’s annual meeting,  notice by the stockholder to be timely must be so delivered not earlier than one hundred  and twenty (120) days prior to such annual meeting and not later than the close of  business on the later of the ninetieth (90th) day prior to such annual meeting or the close  of business on the tenth (10th) day following the day on which public announcement of  the date of such meeting is first made.  Such stockholder’s notice shall set forth (A) as to  each person whom the stockholder proposes to nominate for election or re-election as a  director, all information relating to such person that is required to be disclosed in  solicitations of proxies for election of directors in an election contest, or is otherwise  required, in each case pursuant to and in accordance with Section 14(a) of the Securities  Exchange Act of 1934, as amended (the “Exchange Act”) and the rules and regulations  promulgated thereunder, including such person’s written consent to being named in the  proxy statement as a nominee and to serving as a director if elected; (B) as to any other  business that the stockholder proposes to bring before the meeting, a brief description of  the business desired to be brought before the meeting, the text of the proposal or business  (including the text of any resolutions proposed for consideration and, in the event that  such business includes a proposal to amend the Certificate of Incorporation or these By- laws, the text of the proposed amendment), the reasons for conducting such business at  the meeting and any material interest in such business of such stockholder and of the  beneficial owner, if any, on whose behalf the proposal is made; and (C) as to the  stockholder giving the notice and the beneficial owner, if any, on whose behalf the  nomination or proposal is made (1) the name and address of such stockholder, as they  appear on the Corporation’s books, and of such beneficial owner; (2) the class or series  and number of shares of capital stock of the Corporation which are owned, directly or  indirectly, beneficially and of record by such stockholder and such beneficial owner; (3) a  representation that the stockholder is a holder of record of the stock of the Corporation at  the time of giving the notice, will be entitled to vote at such meeting and will appear in  person or by proxy at the meeting to propose such business or nomination; (4) a  representation whether the stockholder or the beneficial owner, if any, will be or is part of  a group which will (x) to deliver a proxy statement and/or form of proxy to holders of at  least the percentage of the Corporation’s outstanding capital stock required to approve or  adopt the proposal or elect the nominee and/or (y) otherwise to solicit proxies from  stockholders in support of such proposal or nomination; and (5) a certification regarding  whether such stockholder and beneficial owner, if any, have complied with all applicable  federal, state and other legal requirements in connection with the stockholder’s and/or  beneficial owner’s acquisition of shares of capital stock or other securities of the  Corporation and/or the stockholder’s and/or beneficial owner’s acts or omissions as a  stockholder of the Corporation.  Notice of a stockholder nomination or proposal shall also  set forth, as to the stockholder giving the notice and the beneficial owner, if any, on  whose behalf the nomination or proposal is made (A) a description of any agreement,  arrangement or understanding with respect to the nomination or proposal and/or the                                       6  

 

   voting of shares of any class or series of stock of the Corporation between or among the  stockholder giving notice, beneficial owner, if any, on whose behalf the nomination or  proposal is made, any of their respective affiliates or associates and/or other person or  persons (including their names) acting in concert with any of the foregoing (collectively,  the “proponent persons”); (B) a description of any agreement, arrangement or  understanding (including, without limitation, regardless of the form of settlement, any  derivative, long or short positions, profit interests, forwards, futures, swaps, options,  warrants, convertible securities, stock appreciation or similar rights, hedging transactions  and borrowed or loaned shares) to which any proponent person is a party, the effect or  intent of which is to transfer to or from any proponent person, in whole or in part, any of  the economic consequences of ownership of any security of the Corporation, to increase  or decrease the voting power of any proponent person with respect to shares of any class  or series of stock of the Corporation and/or to provide any proponent person, directly or  indirectly, with the opportunity to profit or share in any profit derived from, or to  otherwise benefit economically from, any increase or decrease in the value of any  security of the Corporation (a “Derivative Instrument”); (C) to the extent not disclosed  pursuant to the immediately preceding clause (B), the principal amount of any  indebtedness of the Corporation or any of its subsidiaries beneficially owned by such  stockholder or by beneficial owner, if any, together with the title of the instrument under  which such indebtedness was issued and a description of any Derivative Instrument  entered into by or on behalf of such stockholder or such beneficial owner relating to the  value or payment of any indebtedness of the Corporation or any such subsidiary; and (D)  any other information relating to such stockholder and beneficial owner, if any, required  to be disclosed in a proxy statement or other filings required to be made in connection  with solicitations of proxies for, as applicable, the proposal and/or for the election of  directors in an election contest pursuant to and in accordance with Section 14(a) of the  Exchange Act and the rules and regulations promulgated thereunder.  The foregoing  notice requirements shall be deemed satisfied by a stockholder if the stockholder has  notified the Corporation of his or her intention to present a proposal at an annual meeting  in compliance with Rule 14a−8 (or any successor thereof) promulgated under the  Exchange Act, and such stockholder’s proposal has been included in a proxy statement  that has been prepared by the Corporation to solicit proxies for such annual meeting. A  stockholder providing notice of a proposed nomination for election to the Board or other  business proposed to be brought before a meeting (whether given pursuant to this  paragraph (a)(ii) or paragraph (b) of this Section 1.12 of these By-laws) shall update and  supplement such notice from time to time to the extent necessary so that the information  provided or required to be provided in such notice shall be true and correct (x) as of the  record date for determining the stockholders entitled to notice of the meeting and (y) as  of the date that is fifteen (15) days prior to the meeting or any adjournment or  postponement thereof, provided that if the record date for determining the stockholders  entitled to vote at the meeting is less than fifteen (15) days prior to the meeting or any  adjournment or postponement thereof, the information shall be supplemented and  updated as of such later date. Any such update and supplement shall be delivered in  writing to the Secretary at the principal executive offices of the Corporation not later than  five (5) days after public announcement of the record date for determining the  stockholders entitled to notice of the meeting (in the case of any update and supplement                                       7  

 

   required to be made as of the record date for determining the stockholders entitled to  notice of the meeting), not later than ten (10) days prior to the date for the meeting or any  adjournment or postponement thereof (in the case of any update or supplement required  to be made as of fifteen (15) days prior to the meeting or adjournment or postponement  thereof) and not later than five (5) days after public announcement of the record date for  determining the stockholders entitled to vote at the meeting, but no later than the date  prior to the meeting or any adjournment or postponement thereof (in the case of any  update and supplement required to be made as of a date less than fifteen (15) days prior  the date of the meeting or any adjournment or postponement thereof). The Corporation  may require any proposed nominee to furnish such other information as it may  reasonably require to determine the eligibility of such proposed nominee to serve as a  director of the Corporation and to determine the independence of such director under the  Exchange Act and rules and regulations thereunder and applicable stock exchange rules.  In addition, a stockholder seeking to bring an item of business before the annual meeting  shall promptly provide any other information reasonably requested by the Corporation.               (iii)  Notwithstanding anything in Section 1.12(a)(ii) of these By-laws to  the contrary, in the event that the number of directors to be elected to the Board at an  annual meeting is increased and there is no public announcement naming all of the  nominees for director or specifying the size of the increased Board made by the  Corporation at least one hundred (100) calendar days prior to the first anniversary of the  preceding year’s annual meeting (which date shall, for purposes of the Corporation’s first  annual meeting of stockholders after its shares of common stock are first publicly traded,  be deemed to have occurred on February 15, 2016), then a stockholder’s notice under this  Section 1.12(a) shall also be considered timely, but only with respect to nominees for any  new positions created by such increase, if it is received by the Secretary at the principal  executive offices of the Corporation not later than the close of business on the tenth (10th)  day following the day on which such public announcement is first made by the  Corporation.                (b)  Special Meetings of Stockholders.  Only such business as shall have  been brought before the special meeting of the stockholders pursuant to the Corporation’s  notice of meeting shall be conducted at such meeting.  Nominations of persons for  election to the Board may be made at a special meeting of stockholders at which directors  are to be elected pursuant to the Corporation’s notice of meeting (1) by or at the direction  of the Board or a Committee appointed by the Board for such purpose or (2) provided  that the Board has determined that directors shall be elected at such meeting, by any  stockholder of the Corporation who is entitled to vote at the meeting, who complies with  the notice procedures set forth in this Section 1.12(b) and at the date of the meeting who  is a stockholder of record at the time such notice is delivered to the Secretary.  In the  event the Corporation calls a special meeting of stockholders for the purpose of electing  one or more directors of the Corporation, any stockholder entitled to vote at such meeting  may nominate a person or persons, as the case may be, for election to such position(s) as  specified by the Corporation, if the stockholder’s notice as required by Section 1.12(a)(ii)  of these By-laws shall be delivered to the Secretary at the principal executive offices of  the Corporation not earlier than the one hundred and twenty (120) days prior to such  special meeting and not later than the close of business on the later of the ninetieth (90th)                                       8  

 

   day prior to such special meeting or the tenth (10th) day following the day on which  public announcement is first made of the date of the special meeting and of the nominees  proposed by the Board to be elected at such meeting. In no event shall the public  announcement of an adjournment or postponement of a special meeting commence a new  time period (or extend any time period) for the giving of a stockholder’s notice as  described above.               (c)  General.               (i)  Only such persons who are nominated in accordance with the  procedures set forth in this Section 1.12 shall be eligible to serve as directors and only  such business shall be conducted at an annual or special meeting of stockholders as shall  have been brought before the meeting in accordance with the procedures set forth in this  Section. Except as otherwise provided by applicable law, the Certificate of Incorporation  or these By-laws, the presiding officer of a meeting of stockholders shall have the power  and duty (x) to determine whether a nomination or any business proposed to be brought  before the meeting was made in accordance with the procedures set forth in this Section  1.12 (including whether the stockholder or beneficial owner, if any, on whose behalf the  nomination or proposal is made, solicited (or is part of a group which solicited) or did not  so solicit, as the case may be, proxies in support of such stockholder’s nominee or  proposal in compliance with such stockholder’s representation as required by clause  (a)(ii)(C)(4) of this Section 1.12), and (y) if any proposed nomination or business is not  in compliance with this Section 1.12, to declare that such defective nomination shall be  disregarded or that such proposed business shall not be transacted.               (ii)  If the stockholder (or a qualified representative of the stockholder)  making a nomination or proposal under this Section 1.12 does not appear at a meeting of  stockholders to present such nomination or proposal, the nomination shall be disregarded  and/or the proposed business shall not be transacted, as the case may be, notwithstanding  that proxies in favor thereof may have been received by the Corporation.  For purposes of  this Section 1.12, to be considered a qualified representative of the stockholder, a person  must be authorized by a writing executed by such stockholder or an electronic  transmission delivered by such stockholder to act for such stockholder as proxy at the  meeting of stockholders and such person must produce such writing or electronic  transmission, or a reliable reproduction of the writing or electronic transmission, at the  meeting of stockholders.               (A) Whenever used in these By-laws, “public announcement” shall mean  disclosure in a press release reported by the Dow Jones News Service, Associated Press  or comparable national news service or in a document publicly filed by the Corporation  with the Securities and Exchange Commission pursuant to Section 13, 14 or 15(d) of the  Exchange Act and the rules and regulations promulgated thereunder.               (B) Notwithstanding the foregoing provisions of this Section 1.12, 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 1.12.  Nothing in this Section 1.12 shall be deemed to affect any rights of                                       9  

 

   (x) stockholders to request inclusion of proposals in the Corporation’s proxy statement  pursuant to Rule 14a-8 under the Exchange Act or (y) the holders of any series of  preferred stock to elect directors pursuant to any applicable provisions of the Certificate  of Incorporation or of the relevant preferred stock certificate of designation.               (C) The announcement of an adjournment or postponement of an annual  or special meeting does not commence a new time period (and does not extend any time  period) for the giving of notice of a stockholder nomination or a stockholder proposal as  described above.                                              ARTICLE II                                                               BOARD OF DIRECTORS            Section 2.01.  General Powers.  Except as may otherwise be provided by law  or the Certificate of Incorporation, the business and affairs of the Corporation shall be  managed by or under the direction of the Board.  The directors shall act only as a Board,  and the individual directors shall have no power as such.             Section 2.02.  Number and Term of Office.  The number of directors  constituting the entire Board and the term of office for each director shall be as provided  for in the Certificate of Incorporation.             Section 2.03.  Classification; Election of Directors.  The Board shall be  classified into three classes until the annual meeting of stockholders to be held in 2022,  except that those directors elected at the annual meetings to be held in each of 2020 and  2021 shall be elected for a one-year term, as provided by the Certificate of Incorporation.   Except as otherwise provided in Section 2.14 of these By-laws, at each annual meeting of  the stockholders the successors of the directors whose term expires at that meeting shall  be elected.  At each meeting of the stockholders for the election of directors, provided a  quorum is present, the directors who are standing for election shall be elected by a  majority of the votes validly cast in such election, provided that, in the event that a  director nominee fails to receive an affirmative majority of the votes cast in an election  where the number of nominees is less than or equal to the number of directors to be  elected, such director shall remain on the Board under these By-laws and Delaware law,  and shall, pursuant to the Corporation’s Corporate Governance Guidelines, tender his or  her resignation to the Nominating and Governance Committee.  The remaining directors,  upon the recommendation of the Nominating and Governance Committee, will then  determine the appropriateness of such director’s continued Board membership; provided  further, that if the number of nominees for director exceeds the number of directors to be  elected, directors shall be elected by a plurality of the votes of the shares represented in  person or by proxy at any meeting of the stockholders held to elect directors and entitled  to vote on such election of directors. For purposes of this by-law, a majority of votes cast  shall mean that the number of votes cast "for" a director's election exceeds the number of  votes cast "against" that director's election (with "abstentions" and "broker nonvotes" not  counted as a vote cast either "for" or "against" that director's election).                                        10  

 

            Section 2.04.  Regular Meetings.  Regular meetings of the Board shall be  held on such dates, and at such times and places as are determined from time to time by  resolution of the Board.            Section 2.05.  Special Meetings.  Special meetings of the Board shall be held  whenever called by the Chairman of the Board or, in the event of his or her absence or  disability, by the Secretary, or by a majority of the directors then in office, at such place,  date and time as may be specified in the respective notices or waivers of notice of such  meetings.  Any business may be conducted at a special meeting.            Section 2.06.  Notice of Meetings; Waiver of Notice.               (a)  Notices of special meetings shall be given to each director, and notice  of each resolution or other action affecting the date, time or place of one or more regular  meetings shall be given to each director not present at the meeting adopting such  resolution or other action, subject to Section 2.09 of these By-laws.  Notices shall be  given personally, or by telephone confirmed by facsimile or email dispatched promptly  thereafter, or by facsimile or email confirmed by a writing delivered by a recognized  overnight courier service, directed to each director at the address from time to time  designated by such director to the Secretary.  Each such notice and confirmation must be  given (received in the case of personal service or delivery of written confirmation) at  least 24 hours prior to the time of a special meeting, and at least five days prior to the  initial regular meeting affected by such resolution or other action, as the case may be.                 (b)  A written waiver of notice of meeting signed by a director or a waiver  by electronic transmission by a director, whether given before or after the meeting time  stated in such notice, is deemed equivalent to notice.  Attendance of a director at a  meeting is a waiver of notice of such meeting, except when the director attends a meeting  for the express purpose of objecting at the beginning of the meeting to the transaction of  any business at the meeting on the ground that the meeting is not lawfully called or  convened.            Section 2.07.  Quorum; Voting.  At all meetings of the Board, the presence of  a majority of the total authorized number of directors shall constitute a quorum for the  transaction of business.  Except as otherwise required by law, the Certificate of  Incorporation or these By-laws, the affirmative vote of a majority of the directors present  at any meeting at which a quorum is present shall be the act of the Board.            Section 2.08.  Action by Telephonic Communications.  Members of the  Board may participate in a meeting of the Board by means of conference telephone or  similar communications equipment by means of which all persons participating in the  meeting can hear each other, and participation in a meeting pursuant to this provision  shall constitute presence in person at such meeting.            Section 2.09.  Adjournment.  A majority of the directors present may adjourn  any meeting of the Board to another date, time or place, whether or not a quorum is  present.  No notice need be given of any adjourned meeting unless (a) the date, time and                                       11  

 

   place of the adjourned meeting are not announced at the time of adjournment, in which  case notice conforming to the requirements of Section 2.06 of these By-laws applicable to  special meetings shall be given to each director, or (b) the meeting is adjourned for more  than 24 hours, in which case the notice referred to in clause (a) shall be given to those  directors not present at the announcement of the date, time and place of the adjourned  meeting.            Section 2.10.  Action Without a Meeting.  Any action required or permitted  to be taken at any meeting of the Board may be taken without a meeting if all members of  the Board consent thereto in writing or by electronic transmission, and such writing or  writings or electronic transmissions are filed with the minutes of proceedings of the  Board.  Such filing shall be in paper form if the minutes are maintained in paper form and  shall be in electronic form if the minutes are maintained in electronic form.            Section 2.11.  Regulations.  To the extent consistent with applicable law, the  Certificate of Incorporation and these By-laws, the Board may adopt such rules and  regulations for the conduct of meetings of the Board and for the management of the  affairs and business of the Corporation as the Board may deem appropriate.  The Board  may elect from among its members a chairperson and one or more vice-chairpersons to  preside over meetings and to perform such other duties as may be designated by the  Board.             Section 2.12.  Resignations of Directors.  Any director may resign at any  time by submitting an electronic transmission or by delivering a written notice of  resignation, signed by such director, to the Chief Executive Officer or the Secretary.   Such resignation shall take effect upon delivery unless the resignation specifies a later  effective date or an effective date determined upon the happening of a specified event.            Section 2.13.  Removal of Directors.  Directors may be removed in the  manner set forth in the Certificate of Incorporation and applicable law.            Section 2.14.  Vacancies and Newly Created Directorships.  Any vacancies  or newly created directorships shall be filled as set forth in the Certificate of  Incorporation.            Section 2.15.  Compensation.  The directors shall be entitled to compensation  for their services to the extent approved by the stockholders at any regular or special  meeting of the stockholders.  The Board may by resolution determine the expenses in the  performance of such services for which a director is entitled to reimbursement.            Section 2.16.  Reliance on Accounts and Reports, etc.  A director, as such or  as a member of any committee designated by the Board, shall in the performance of his  or her duties be fully protected in relying in good faith upon the records of the  Corporation and upon information, opinions, reports or statements presented to the  Corporation by any of the Corporation’s officers or employees, or committees designated  by the Board, or by any other person as to the matters the member reasonably believes                                       12  

 

   are within such other person’s professional or expert competence and who has been  selected with reasonable care by or on behalf of the Corporation.                                ARTICLE III                                                                   COMMITTEES            Section 3.01.  How Constituted.   The Board shall have an Audit Committee,  Compensation Committee, Nominating and Corporate Governance Committee, Executive  Committee and such other committees as the Board may determine (collectively, the  “Committees”).  Each Committee shall consist of such number of directors as from time  to time may be fixed by the directors then in office and shall have and may exercise all  the powers and authority of the Board in the management of the business and affairs of  the Corporation to the extent delegated to such Committee by the Board but no  Committee shall have any power or authority as to (a) approving or adopting, or  recommending to the stockholders, any action or matter (other than the election or  removal of directors) expressly required by the DGCL to be submitted to stockholders for  approval, (b) adopting, amending or repealing any of these By-laws or (c) as may  otherwise be excluded by law or by the Certificate of Incorporation.  Any Committee  may be abolished or re-designated from time to time by the Board.         Section 3.02.  Members and Alternate Members.  The members of each  Committee and any alternate members shall be selected by the Board.  The Board may  provide that the members and alternate members serve at the pleasure of the Board.  An  alternate member may replace any absent or disqualified member at any meeting of the  Committee.  An alternate member shall be given all notices of Committee meetings, may  attend any meeting of the Committee, but may count towards a quorum and vote only if a  member for whom such person is an alternate is absent or disqualified.  Each member or  alternate member of any Committee (whether designated at an annual meeting of the  Board or to fill a vacancy or otherwise) shall hold office until his or her successor shall  have been designated or until he or she shall cease to be a director, or until his or her  earlier death, resignation or removal.            Section 3.03.  Committee Procedures.  A quorum for each Committee shall  be a majority of its members, unless the Committee has only one or two members, in  which case a quorum shall be one member, or unless a greater quorum is established by  the Board.  The vote of a majority of the Committee members present at a meeting at  which a quorum is present shall be the act of the Committee.  Each Committee shall keep  regular minutes of its meetings and report to the Board when required.  The Board may  adopt other rules and regulations for the government of any Committee not inconsistent  with the provisions of these By-laws, and each Committee may adopt its own rules and  regulations of government, to the extent not inconsistent with these By-laws or rules and  regulations adopted by the Board.            Section 3.04.  Meetings and Actions of Committees.  Meetings and actions of  each Committee shall be governed by, and held and taken in accordance with, the                                       13  

 

   provisions of the following sections of these By-laws, with such By-laws being deemed  to refer to the Committee and its members in lieu of the Board and its members:               (a)  Section 2.04 (to the extent relating to place and time of regular  meetings);               (b)  Section 2.05 (relating to special meetings);               (c)  Section 2.06 (relating to notice and waiver of notice);               (d)  Sections 2.08 and 2.10 (relating to telephonic communication and  action without a meeting); and               (e)  Section 2.09 (relating to adjournment and notice of adjournment).   Special meetings of Committees may also be called by resolution of the Board.            Section 3.05.  Resignations and Removals.   Any member (and any alternate  member) of any Committee may resign from such position at any time by delivering a  written notice of resignation, signed by such member, to the Board.  Unless otherwise  specified therein, such resignation shall take effect upon delivery.  Any member (and any  alternate member) of any Committee may be removed from such position by the Board at  any time, either for or without cause.         Section 3.06.  Vacancies.  If a vacancy occurs in any Committee for any reason,  the remaining members (and any alternate members) may continue to act if a quorum is  present.  A Committee vacancy may be filled only by the Board subject to Section 3.01 of  these By-laws.                                ARTICLE IV                                                                     OFFICERS            Section 4.01.  Officers.   The officers of the Corporation shall be chosen by  the Board of Directors and, subject to the last sentence of this Section 4.01, shall be a  Chief Executive Officer, a President, a Chief Financial Officer, one or more Vice  Presidents and a Secretary.  The Board of Directors may also designate as officers one or  more Assistant Secretaries, a Treasurer, one or more Assistant Treasurers, and such other  officers and agents as it shall deem necessary.  Each officer shall hold office until his or  her successor is elected and qualified or until his or her earlier resignation or removal.   Any number of offices may be held by the same person.  No officer need be a Director.             Section 4.02.  Election.  The officers of the Corporation elected by the Board  shall serve at the pleasure of the Board.  Officers and agents appointed pursuant to  delegated authority as provided in Section 4.01 (or, in the case of agents, as provided in  Section 4.06) shall hold their offices for such terms as may be determined from time to  time by the appointing officer.  Each officer shall hold office until his or her successor                                       14  

 

   has been elected or appointed and qualified, or until his or her earlier death, resignation  or removal.              Section 4.03.  Compensation.  The salaries and other compensation of all  officers and agents of the Corporation shall be fixed by the Board or in the manner  established by the Board.            Section 4.04.  Removal and Resignation; Vacancies.  Any officer may be  removed for or without cause at any time by the Board.  Any officer granted the power to  appoint subordinate officers and agents as provided in Section 4.01 may remove any  subordinate officer or agent appointed by such officer, for or without cause.  Any officer  or agent may resign at any time by delivering notice of resignation, either in writing  signed by such officer or by electronic transmission, to the Board or the Chief Executive  Officer.  Unless otherwise specified therein, such resignation shall take effect upon  delivery.  Any vacancy occurring in any office of the Corporation by death, resignation,  removal or otherwise, may be filled by the Board or by the officer, if any, who appointed  the person formerly holding such office.              Section 4.05.  Authority and Duties of Officers.  An officer of the  Corporation shall have such authority and shall exercise such powers and perform such  duties (a) as may be required by law, (b) to the extent not inconsistent with law, as are  specified in these By-laws, (c) to the extent not inconsistent with law or these By-laws, as  may be specified by resolution of the Board and (d) to the extent not inconsistent with  any of the foregoing, as may be specified by the appointing officer with respect to a  subordinate officer appointed pursuant to delegated authority under Section 4.01.              Section 4.06.  Chief Executive Officer.  The Chief Executive Officer shall,  unless otherwise provided by the Board, be the chief executive officer of the Corporation,  shall have general control and supervision of the policies and operations of the  Corporation and shall see that all orders and resolutions of the Board are carried into  effect.  Unless otherwise provided by the Board, he or she shall administer the  Corporation’s business and affairs and shall also perform all duties and exercise all  powers usually pertaining to the office of a chief executive officer, president or a chief  operating officer of a corporation.  He or she shall have the authority to sign, in the name  and on behalf of the Corporation, checks, orders, contracts, leases, notes, drafts and all  other documents and instruments in connection with the business of the Corporation.  He  or she shall have the authority to cause the employment or appointment of such  employees or agents of the Corporation as the conduct of the business of the Corporation  may require, to fix their compensation, and to remove or suspend any employee or any  agent employed or appointed by any officer or to suspend any agent appointed by the  Board.  The Chief Executive Officer shall have the duties and powers of the Treasurer if  no Treasurer is elected and shall have such other duties and powers as the Board may  from time to time prescribe.            Section 4.07.  President.  At the request of the Chief Executive Officer, or in  the event of absence or disability of the Chief Executive Officer, the President will  perform the duties of the Chief Executive Officer, and when so acting, will have all the                                       15  

 

   powers of and be subject to all the restrictions upon the Chief Executive Officer.  The  President will perform such other duties as from time to time may be assigned to him or  her by the Board or the Chief Executive Officer. The President may execute bonds,  mortgages and other contracts (whenever requiring a seal, under the seal of the  Company), except where required or permitted by law to be otherwise signed and  executed and except where the signing and execution thereof is expressly delegated by  the Board to some other officer or agent of the Company.            Section 4.08.  Vice Presidents.   If one or more Vice Presidents have been  elected, each Vice President shall perform such duties and exercise such powers as may  be assigned to him or her from time to time by the Board or the Chief Executive Officer.   In the event of absence or disability of both the Chief Executive Officer and the  President, the duties of the Chief Executive Officer shall be performed, and his or her  powers may be exercised, by such Vice President as shall be designated by the Board or,  failing such designation, by the Vice President in order of seniority of election to that  office.            Section 4.09.  Secretary.  Unless otherwise determined by the Board, the  Secretary shall have the following powers and duties:               (a)  The Secretary shall keep or cause to be kept a record of all the  proceedings of the meetings of the stockholders, the Board and any Committees thereof  in books provided for that purpose.               (b)  The Secretary shall cause all notices to be duly given in accordance  with the provisions of these By-laws and as required by law.               (c)  Whenever any Committee shall be appointed pursuant to a resolution  of the Board, the Secretary shall furnish a copy of such resolution to the members of such  Committee.               (d)  The Secretary shall be the custodian of the records and of the seal of  the Corporation and cause such seal (or a facsimile thereof) to be affixed to all  certificates representing shares of the Corporation prior to the issuance thereof and to all  documents and instruments that the Board or any officer of the Corporation has  determined should be executed under seal, may sign (together with any other authorized  officer) any such document or instrument, and when the seal is so affixed he or she may  attest the same.               (e)  The Secretary shall properly maintain and file all books, reports,  statements, certificates and all other documents and records required by law, the  Certificate of Incorporation or these By-laws.               (f)  The Secretary shall have charge of the stock books and ledgers of the  Corporation and shall cause the stock and transfer books to be kept in such manner as to  show at any time the number of shares of stock of the Corporation of each class issued  and outstanding, the names (alphabetically arranged) and the addresses of the holders of                                       16  

 

   record of such shares, the number of shares held by each holder and the date as of which  each such holder became a holder of record.               (g)  The Secretary shall sign (unless the Treasurer, an Assistant Treasurer  or an Assistant Secretary shall have signed) certificates representing shares of the  Corporation the issuance of which shall have been authorized by the Board.               (h)  The Secretary shall perform, in general, all duties incident to the  office of secretary and such other duties as may be specified in these By-laws or as may  be assigned to the Secretary from time to time by the Board or the Chief Executive  Officer.            Section 4.10.  Treasurer.  Unless otherwise determined by the Board, the  Treasurer, if there be one, shall be the chief financial officer of the Corporation and shall  have the following powers and duties:               (a)  The Treasurer shall have charge and supervision over and be  responsible for the moneys, securities, receipts and disbursements of the Corporation, and  shall keep or cause to be kept full and accurate records thereof.               (b)  The Treasurer shall cause the moneys and other valuable effects of the  Corporation to be deposited in the name and to the credit of the Corporation in such  banks or trust companies or with such bankers or other depositaries as shall be  determined by the Board or the Chief Executive Officer, or by such other officers of the  Corporation as may be authorized by the Board or the Chief Executive Officer to make  such determinations.               (c)  The Treasurer shall cause the moneys of the Corporation to be  disbursed by checks or drafts (signed by such officer or officers or such agent or agents  of the Corporation, and in such manner, as the Board or the Chief Executive Officer may  determine from time to time) upon the authorized depositaries of the Corporation and  cause to be taken and preserved proper vouchers for all moneys disbursed.               (d)  The Treasurer shall render to the Board or the Chief Executive  Officer, whenever requested, a statement of the financial condition of the Corporation  and of the transactions of the Corporation, and render a full financial report at the annual  meeting of the stockholders, if called upon to do so.               (e)  The Treasurer shall be empowered from time to time to require from  all officers or agents of the Corporation reports or statements giving such information as  he or she may desire with respect to any and all financial transactions of the Corporation.               (f)  The Treasurer may sign (unless an Assistant Treasurer or the Secretary  or an Assistant Secretary shall have signed) certificates representing shares of stock of  the Corporation the issuance of which shall have been authorized by the Board.               (g)  The Treasurer shall perform, in general, all duties incident to the  office of treasurer and such other duties as may be specified in these By-laws or as may                                       17  

 

   be assigned to the Treasurer from time to time by the Board or the Chief Executive  Officer.                                 ARTICLE V                                                                  CAPITAL STOCK            Section 5.01.  Certificates of Stock; Uncertificated Shares.  The shares of the  Corporation shall be represented by certificates, except to the extent that the Board has  provided by resolution or resolutions that some or all of any or all classes or series of the  stock of the Corporation shall be uncertificated shares.  Any such resolution shall not  apply to shares represented by a certificate until such certificate is surrendered to the  Corporation.  Every holder of stock in the Corporation represented by certificates shall be  entitled to have, and the Board may in its sole discretion permit a holder of uncertificated  shares to receive upon request, a certificate signed by the appropriate officers of the  Corporation, certifying the number and class of shares owned by such holder.  Such  certificate shall be in such form as the Board may determine, to the extent consistent with  applicable law, the Certificate of Incorporation and these By-laws.              Section 5.02.  Facsimile Signatures.  Any or all signatures on the certificates  referred to in Section 5.01 of these By-laws may be in facsimile form.  If any officer,  transfer agent or registrar who has signed, or whose facsimile signature has been placed  upon, a certificate shall have ceased to be such officer, transfer agent or registrar before  such certificate is issued, it may be issued by the Corporation with the same effect as if he  or she were such officer, transfer agent or registrar at the date of issue.              Section 5.03.  Lost, Stolen or Destroyed Certificates.  A new certificate may  be issued in place of any certificate theretofore issued by the Corporation alleged to have  been lost, stolen or destroyed only upon delivery to the Corporation of an affidavit of the  owner or owners (or their legal representatives) of such certificate, setting forth such  allegation, and a bond or other undertaking as may be satisfactory to a financial officer of  the Corporation designated by the Board to indemnify the Corporation against any claim  that may be made against it on account of the alleged loss, theft or destruction of any  such certificate or the issuance of any such new certificate.            Section 5.04.  Transfer of Stock.               (a)  Transfer of shares shall be made on the books of the Corporation upon  surrender to the Corporation of a certificate for shares, duly endorsed or accompanied by  appropriate evidence of succession, assignment or authority to transfer, and otherwise in  compliance with applicable law.  Shares that are not represented by a certificate shall be  transferred in accordance with applicable law.  Subject to applicable law, the provisions  of the Certificate of Incorporation and these By-laws, the Board may prescribe such  additional rules and regulations as it may deem appropriate relating to the issue, transfer  and registration of shares of the Corporation.                                       18  

 

               (b)  The Corporation may enter into agreements with shareholders to  restrict the transfer of stock of the Corporation in any manner not prohibited by the  DGCL.            Section 5.05.  Registered Stockholders.  Prior to due surrender of a certificate  for registration of transfer, the Corporation may treat the registered owner as the person  exclusively entitled to receive dividends and other distributions, to vote, to receive notice  and otherwise to exercise all the rights and powers of the owner of the shares represented  by such certificate, and the Corporation shall not be bound to recognize any equitable or  legal claim to or interest in such shares on the part of any other person, whether or not the  Corporation shall have notice of such claim or interests.  If a transfer of shares is made  for collateral security, and not absolutely, this fact shall be so expressed in the entry of  the transfer if, when the certificates are presented to the Corporation for transfer or  uncertificated shares are requested to be transferred, both the transferor and transferee  request the Corporation to do so.            Section 5.06.  Transfer Agent and Registrar.  The Board may appoint one or  more transfer agents and one or more registrars, and may require all certificates  representing shares to bear the signature of any such transfer agents or registrars.                                ARTICLE VI                                                                 INDEMNIFICATION            Section 6.01.  Indemnification.                (a)  In General.  The Corporation shall indemnify, to the full extent  permitted by the DGCL and other applicable law, any person who was or is a party or is  threatened to be made a party to any threatened, pending or completed action, suit or  proceeding, whether civil, criminal, administrative or investigative (each, a “proceeding”)  by reason of the fact that (x) such person is or was serving or has agreed at the request of  the Corporation to serve as a director or officer of the Corporation, or (y) such person,  while serving as a director or officer of the Corporation, is or was serving or has agreed at  the request of the Corporation to serve at the request of the Corporation as a director,  officer, employee, manager or agent of another corporation, partnership, joint venture,  trust or other enterprise or (z) such person is or was serving or has agreed at the request  of the Corporation to serve at the request of the Corporation as a director, officer or  manager of another corporation, partnership, joint venture, trust or other enterprise, or by  reason of any action alleged to have been taken or omitted by such person in such  capacity, and who satisfies the applicable standard of conduct set forth in the DGCL or  other applicable law:               (i)  in a proceeding other than a proceeding by or in the right of the  Corporation, against expenses (including attorneys’ fees), judgments, fines and amounts  paid in settlement actually and reasonably incurred by such person or on such person’s  behalf in connection with such proceeding and any appeal therefrom, or                                        19  

 

               (ii)  in a proceeding by or in the right of the Corporation to procure a  judgment in its favor, against expenses (including attorneys’ fees) actually and  reasonably incurred by such person or on such person’s behalf in connection with the  defense or settlement of such proceeding and any appeal therefrom.               (b)  Indemnification in Respect of Successful Defense.  To the extent that  a present or former director or officer of the Corporation has been successful on the  merits or otherwise in defense of any proceeding referred to in Section 6.01(a) or in  defense of any claim, issue or matter therein, such person shall be indemnified by the  Corporation against expenses (including attorneys’ fees) actually and reasonably incurred  by such person in connection therewith.                (c)  Indemnification in Respect of Proceedings Instituted by Indemnitee.   Section 6.01(a) does not require the Corporation to indemnify a present or former director  or officer of the Corporation in respect of a proceeding (or part thereof) instituted by such  person on his or her own behalf, unless such proceeding (or part thereof) has been  authorized by the Board or the indemnification requested is pursuant to the last sentence  of Section 6.03 of these By-laws.             Section 6.02.  Advance of Expenses.  The Corporation shall advance all  expenses (including reasonable attorneys’ fees) incurred by a present or former director  or officer in defending any proceeding prior to the final disposition of such proceeding  upon written request of such person and delivery of an undertaking by such person to  repay such amount if it shall ultimately be determined that such person is not entitled to  be indemnified by the Corporation.  The Corporation may authorize any counsel for the  Corporation to represent (subject to applicable conflict of interest considerations) such  present or former director or officer in any proceeding, whether or not the Corporation is  a party to such proceeding.              Section 6.03.  Procedure for Indemnification.  Any indemnification under  Section 6.01 of these By-laws or any advance of expenses under Section 6.02 of these  By-laws shall be made only against a written request therefor (together with supporting  documentation) submitted by or on behalf of the person seeking indemnification or  advance.  Indemnification may be sought by a person under Section 6.01 of these By- laws in respect of a proceeding only to the extent that both the liabilities for which  indemnification is sought and all portions of the proceeding relevant to the determination  of whether the person has satisfied any appropriate standard of conduct have become  final.  A person seeking indemnification or advance of expenses may seek to enforce  such person’s rights to indemnification or advance of expenses (as the case may be) in  the Delaware Court of Chancery to the extent all or any portion of a requested  indemnification has not been granted within 90 days of, or to the extent all or any portion  of a requested advance of expenses has not been granted within 20 days of, the  submission of such request.  All expenses (including reasonable attorneys’ fees) incurred  by such person in connection with successfully establishing such person’s right to  indemnification or advancement of expenses under this Article, in whole or in part, shall  also be indemnified by the Corporation.                                       20  

 

            Section 6.04.  Burden of Proof.               (a)  In any proceeding brought to enforce the right of a person to receive  indemnification to which such person is entitled under Section 6.01 of these By-laws, the  Corporation has the burden of demonstrating that the standard of conduct applicable  under the DGCL or other applicable law was not met.  A prior determination by the  Corporation (including its Board or any Committee thereof, its independent legal counsel,  or its stockholders) that the claimant has not met such applicable standard of conduct  does not itself constitute evidence that the claimant has not met the applicable standard of  conduct.               (b)  In any proceeding brought to enforce a claim for advances to which a  person is entitled under Section 6.02 of these By-laws, the person seeking an advance  need only show that he or she has satisfied the requirements expressly set forth in Section  6.02 of these By-laws.            Section 6.05.  Contract Right; Non-Exclusivity; Survival.               (a)  The rights to indemnification and advancement of expenses provided  by this Article VI shall be deemed to be separate contract rights between the Corporation  and each director and officer who serves in any such capacity at any time while these  provisions as well as the relevant provisions of the DGCL are in effect, and no repeal or  modification of any of these provisions or any relevant provisions of the DGCL shall  adversely affect any right or obligation of such director or officer existing at the time of  such repeal or modification with respect to any state of facts then or previously existing  or any proceeding previously or thereafter brought or threatened based in whole or in part  upon any such state of facts.  Such “contract rights” may not be modified retroactively as  to any present or former director or officer without the consent of such director or officer.               (b)  The rights to indemnification and advancement of expenses provided  by this Article VI shall not be deemed exclusive of any other indemnification or  advancement of expenses to which a present or former director or officer of the  Corporation seeking indemnification or advancement of expenses may be entitled by any  agreement, vote of stockholders or disinterested directors, or otherwise.                 (c)  The rights to indemnification and advancement of expenses provided  by this Article VI to any present or former director or officer of the Corporation shall  inure to the benefit of the heirs, executors and administrators of such person.              Section 6.06.  Insurance.  The Corporation may purchase and maintain  insurance on behalf of any person who is or was or has agreed to become a director or  officer of the Corporation, or is or was serving at the request of the Corporation as a  director or officer of another Corporation, partnership, joint venture, trust or other  enterprise against any liability asserted against such person and incurred by such person  or on such person’s behalf in any such capacity, or arising out of such person’s status as  such, whether or not the Corporation would have the power to indemnify such person  against such liability under the provisions of this Article.                                         21  

 

            Section 6.07.  Employees and Agents.  The Board, or any officer authorized  by the Board generally or in the specific case to make indemnification decisions, may  cause the Corporation to indemnify any present or former employee or agent of the  Corporation in such manner and for such liabilities as the Board may determine, up to the  fullest extent permitted by the DGCL and other applicable law.             Section 6.08.  Interpretation; Severability.  Terms defined in Sections 145(h)  or (i) of the DGCL have the meanings set forth in such sections when used in this Article  VI.  If this Article or any portion hereof shall be invalidated on any ground by any court  of competent jurisdiction, then the Corporation shall nevertheless indemnify each director  or officer of the Corporation as to costs, charges and expenses (including attorneys’ fees),  judgments, fines and amounts paid in settlement with respect to any action, suit or  proceeding, whether civil, criminal, administrative or investigative, including an action  by or in the right of the Corporation, to the fullest extent permitted by any applicable  portion of this Article that shall not have been invalidated and to the fullest extent  permitted by applicable law.                                ARTICLE VII                                                                      OFFICES            Section 7.01.  Registered Office.  The registered office of the Corporation in  the State of Delaware shall be located at the location provided in the Certificate of  Incorporation.             Section 7.02.  Other Offices.  The Corporation may maintain offices or  places of business at such other locations within or without the State of Delaware as the  Board may from time to time determine or as the business of the Corporation may  require.                                ARTICLE VIII                                                               GENERAL PROVISIONS            Section 8.01.  Dividends.               (a)  Subject to any applicable provisions of law and the Certificate of  Incorporation, dividends upon the shares of the Corporation may be declared by the  Board at any regular or special meeting of the Board and any such dividend may be paid  in cash, property or shares of the Corporation’s stock.               (b)  A member of the Board, or a member of any Committee designated by  the Board, shall be fully protected in relying in good faith upon the records of the  Corporation and upon such information, opinions, reports or statements presented to the  Corporation by any of its officers or employees, or Committees of the Board, or by any  other person as to matters the director reasonably believes are within such other person’s  professional or expert competence and who has been selected with reasonable care by or  on behalf of the Corporation, as to the value and amount of the assets, liabilities and/or                                       22  

 

   net profits of the Corporation, or any other facts pertinent to the existence and amount of  surplus or other funds from which dividends might properly be declared and paid.            Section 8.02.  Reserves.  There may be set apart out of any funds of the  Corporation available for dividends such sum or sums as the Board from time to time  may determine proper as a reserve or reserves for meeting contingencies, equalizing  dividends, repairing or maintaining any property of the Corporation or for such other  purpose or purposes as the Board may determine conducive to the interest of the  Corporation, and the Board may similarly modify or abolish any such reserve.              Section 8.03.  Execution of Instruments.  Except as otherwise required by  law or the Certificate of Incorporation, the Board or any officer of the Corporation  authorized by the Board may authorize any other officer or agent of the Corporation to  enter into any contract or execute and deliver any instrument in the name and on behalf of  the Corporation.  Any such authorization must be in writing or by electronic transmission  and may be general or limited to specific contracts or instruments.            Section 8.04.  Voting as Stockholder.  Unless otherwise determined by  resolution of the Board, the Chief Executive Officer or any Vice President shall have full  power and authority on behalf of the Corporation to attend any meeting of stockholders  of any Corporation in which the Corporation may hold stock, and to act, vote (or execute  proxies to vote) and exercise in person or by proxy all other rights, powers and privileges  incident to the ownership of such stock at any such meeting, or through action without a  meeting.  The Board may by resolution from time to time confer such power and  authority (in general or confined to specific instances) upon any other person or persons.            Section 8.05.  Fiscal Year.   The fiscal year of the Corporation shall be fixed  from time to time by resolution of the Board of Directors.            Section 8.06.  Seal.  The seal of the Corporation shall be circular in form and  shall contain the name of the Corporation, the year of its incorporation and the words  “Corporate Seal” and “Delaware”.  The form of such seal shall be subject to alteration by  the Board.  The seal may be used by causing it or a facsimile thereof to be impressed,  affixed or reproduced or may be used in any other lawful manner.            Section 8.07.  Books and Records; Inspection.  Except to the extent otherwise  required by law, the books and records of the Corporation shall be kept at such place or  places within or without the State of Delaware as may be determined from time to time  by the Board.            Section 8.08.  Electronic Transmission.  “Electronic transmission”, as used in  these By-laws, means any form of communication, not directly involving the physical  transmission of paper, that creates a record that may be retained, retrieved and reviewed  by a recipient thereof, and that may be directly reproduced in paper form by such a  recipient through an automated process.                                       23  

 

                                ARTICLE IX                                                             AMENDMENT OF BY-LAWS            Section 9.01.  Amendment.  Subject to the provisions of the Certificate of  Incorporation, these By-laws may be amended, altered or repealed:               (a)  by the affirmative vote of at least a majority of the directors then in  office at any special or regular meeting of the Board if, in the case of such special  meeting only, notice of such amendment, alteration or repeal is contained in the notice or  waiver of notice of such meeting, or               (b)  by the affirmative vote of the holders of at least a majority of the  outstanding shares of common stock entitled to vote at any annual or special meeting of  stockholders if, in the case of such special meeting only, notice of such amendment,  alteration or repeal is contained in the notice or waiver of notice of such meeting.          Notwithstanding the foregoing, no amendment, alteration or repeal of Article VI  of these By-laws shall adversely affect any right or protection existing under these By- laws immediately prior to such amendment, alteration or repeal, including any right or  protection of a present or former director or officer thereunder in respect of any act or  omission occurring prior to the time of such amendment.                                 ARTICLE X                                                                  CONSTRUCTION            Section 10.01.  Construction.  In the event of any conflict between the  provisions of these By-laws as in effect from time to time and the provisions of the  Certificate of Incorporation of the Corporation as in effect from time to time, the  provisions of such Certificate of Incorporation shall be controlling.                                       24atkorethirdamendedcertif

                   THIRD AMENDED AND RESTATED                      CERTIFICATE OF INCORPORATION                                    OF                   ATKORE INTERNATIONAL GROUP INC.               ATKORE INTERNATIONAL GROUP INC., a corporation organized and  existing under the laws of the State of Delaware, hereby certifies as follows:               1.  The present name of the corporation is Atkore International Group Inc.  (the “Corporation”).               2.  The original Certificate of Incorporation of the Corporation was filed  with the Secretary of State of the State of Delaware (the “Secretary of State”) on  November 4, 2010.  An Amended and Restated Certificate of Incorporation  was filed  with the Secretary of State on December 20, 2010. A Certificate of Amendment effecting  a 1.37 for 1 stock split was filed with the Secretary of State on May 27, 2016. A Second  Amended and Restated Certificate of Incorporation was filed with the Secretary of State  on June 10, 2016.               3.  The Corporation’s Second Amended and Restated Certificate of  Incorporation is hereby further amended and restated pursuant to Sections 242 and 245 of  the General Corporation Law of the State of Delaware (as amended from time to time, the  “DGCL”), so as to read in its entirety in the form attached hereto as Exhibit A and  incorporated herein by this reference.               4.  This amendment and restatement of the Second Amended and Restated  Certificate of Incorporation of the Corporation has been duly adopted in accordance with  the provisions of Sections 228, 242 and 245 of the DGCL.  

 

                                                                                       IN WITNESS WHEREOF, the undersigned officer of the Corporation has  executed this Third Amended and Restated Certificate of Incorporation on the 19th day of  February, 2019.                                                                                                                   By: /s/ Daniel S. Kelly                                                      Name:  Daniel S. Kelly                                          Title: Vice President, General                                                 Counsel and Secretary                                                                                                                                                    Third Amended and Restated Certificate of Incorporation of Atkore International Group Inc.  

 

                                                                Exhibit A                      THIRD AMENDED AND RESTATED                      CERTIFICATE OF INCORPORATION                                    OF                   ATKORE INTERNATIONAL GROUP INC.               FIRST.  Name.  The name of the Corporation is Atkore International  Group Inc.               SECOND.  Registered Office.  The Corporation’s registered office in the  State of Delaware is The Corporation Trust Company, 1209 Orange Street, in the City of  Wilmington, County of New Castle, zip code 19801.  The name of its registered agent at  such address is The Corporation Trust Company.               THIRD.  Purpose.  The nature of the business of the Corporation and its  purpose is to engage in any lawful act or activity for which corporations may be  organized under the General Corporation Law of the State of Delaware (the “DGCL”).               FOURTH.  Capital Stock.  The total number of shares of stock which the  Corporation shall have authority to issue is 1,100,000,000, consisting of:  (x)  1,000,000,000 shares of common stock, par value $0.01 per share (the “Common  Stock”), and (y) 100,000,000 shares of preferred stock, par value $1.00 per share (the  “Preferred Stock”), issuable in one or more series as hereinafter provided.  The number of  authorized shares of the Common Stock or Preferred Stock may be increased or  decreased (but not below the number of shares thereof then outstanding) by the  affirmative vote of the holders of at least a majority of the voting power of the stock of  the Corporation entitled to vote generally in the election of directors irrespective of the  provisions of Section 242(b)(2) of the DGCL or any corresponding provision hereinafter  enacted.               1.    Provisions Relating to the Common Stock.                     (a)   Except as otherwise provided in this Third Amended and        Restated Certificate of Incorporation or by the DGCL, each holder of shares of        Common Stock shall be entitled, with respect to each share of Common Stock        held by such holder, to one vote in person or by proxy on all matters submitted to        a vote of the holders of Common Stock, whether voting separately as a class or        otherwise.                       (b)   Subject to the preferences and rights, if any, applicable to        shares of Preferred Stock or any series thereof, the holders of shares of Common        Stock shall be entitled to receive such dividends and other distributions in cash,        property, stock or otherwise as may be declared thereon by the Board of Directors        at any time and from time to time out of assets or funds of the Corporation legally        available therefor and shall share equally on a per share basis in such dividends        and distributions.                     (c)   In the event of any voluntary or involuntary liquidation,        dissolution or winding-up of the Corporation, after payment or provision for     

 

         payment of the debts and other liabilities of the Corporation, and subject to the        preferences and rights, if any, applicable to shares of Preferred Stock or any series        thereof, the holders of shares of Common Stock shall be entitled to receive all of        the remaining assets of the Corporation available for distribution to its        stockholders, ratably in proportion to the number of shares of Common Stock        held by them.               2.    Provisions Relating to the Preferred Stock.                     (a)   The Preferred Stock may be issued at any time and from        time to time in one or more series.  The Board of Directors is hereby authorized to        provide for the issuance of shares of Preferred Stock in one or more series and, by        filing a certificate of designation pursuant to the applicable provisions of the        DGCL (hereinafter referred to as a “Preferred Stock Certificate of Designation”),        to establish from time to time the number of shares to be included in each such        series, and to fix the designation, powers, preferences and the relative        participating, optional or other special rights, and the qualifications, limitations        and restrictions thereof, of shares of each such series, including, without        limitation, dividend rights, dividend rates, conversion rights, voting rights, terms        of redemption and liquidation preferences.                     (b)   The Common Stock shall be subject to the express terms of        the Preferred Stock and any series thereof.                     (c)   Except as otherwise required by law, holders of Common        Stock, as such, shall not be entitled to vote on any amendment to this Third        Amended and Restated Certificate of Incorporation or to a Preferred Stock        Certificate of Designation that alters or changes the powers, preferences, rights or        other terms of one or more outstanding series of Preferred Stock if the holders of        such affected series are entitled, either separately or together with the holders of        one or more other series of Preferred Stock, to vote thereon pursuant to this Third        Amended and Restated Certificate of Incorporation or a Preferred Stock        Certificate of Designation or pursuant to the DGCL as currently in effect or as the        same may hereafter be amended.               3.    Voting in Election of Directors.  Except as may be required by the        DGCL or as provided in this Third Amended and Restated Certificate of        Incorporation or in a Preferred Stock Certificate of Designation, holders of        Common Stock shall have the exclusive right to vote for the election of directors        and for all other purposes, and holders of Preferred Stock shall not be entitled to        vote on any matter or receive notice of any meeting of stockholders.               FIFTH.  Management of Corporation.  The following provisions are  inserted for the management of the business, for the conduct of the affairs of the  Corporation and for the purpose of creating, defining, limiting and regulating the powers  of the Corporation and its directors and stockholders:                                       2  

 

                        1.     Except as may otherwise be provided by law, this Third Amended  and Restated Certificate of Incorporation or the By-laws of the Corporation, the  business and affairs of the Corporation shall be managed by or under the direction  of the Board of Directors.          2.     Subject to any rights granted to the holders of shares of any class  or series of Preferred Stock then outstanding, the number of directors of the  Corporation shall be fixed, and may be altered from time to time, exclusively by  resolution of the Board of Directors, but in no event may the number of directors  of the Corporation be less than one.         3.     The directors of the Corporation, subject to any rights granted to  holders of shares of any class or series of Preferred Stock then outstanding, shall  be divided into three classes designated Class I, Class II and Class III until the  annual meeting of stockholders to be held in 2022, except that those directors  elected at the annual meetings to be held in each of 2020 and 2021 shall be  elected for a one-year term.  All directors shall be up for election at the annual  meeting of stockholders to be held in 2022 for a one-year term and from that point  forward all directors shall have one-year terms, subject to any rights granted to  holders of shares of any class or series of Preferred Stock then outstanding, and  each shall hold office until the annual meeting at which his or her term expires  and until his or her successor shall be elected and qualified, or his or her death,  resignation, retirement, disqualification or removal from office. Prior to the  annual meeting of stockholders to be held in 2022, the following provisions shall  apply: each class shall consist, as nearly as possible, of one-third of the total  number of such directors, and directors of each class shall hold office until the  annual meeting at which his or her term expires and until his or her successor  shall be elected and qualified, or his or her death, resignation, retirement,  disqualification or removal from office.  If the number of such directors is  changed, any increase or decrease shall be apportioned among the classes so as to  maintain the number of directors in each class as nearly equal as possible, and any  such additional director of any class elected to fill a newly created directorship  resulting from an increase in such class shall hold office for a term that shall  coincide with the remaining term of that class, but in no case shall a decrease in  the number of directors remove or shorten the term of any incumbent director.  The Board of Directors is authorized to assign members of the Board of Directors  already in office to their respective class.          4.     A director whose term expires at or before the annual meeting of  stockholders to be held in 2022 may be removed from office only for cause and  only upon the affirmative vote of the holders of at least a majority of the  outstanding shares of Common Stock then entitled to vote in an election of  directors. Upon being elected a director at the annual meeting of stockholders to  be held in 2022 or thereafter, a director may be removed at any time, either with  or without cause, upon the affirmative vote of the holders of at least a majority of  the outstanding shares of Common Stock then entitled to vote in an election of  directors. The provisions of this Section 4 of Article FIFTH shall be subject to                                3  

 

         any rights granted to the holders of shares of any class or series of Preferred Stock        then outstanding.              5.     Subject to any rights granted to the holders of shares of any class        or series of Preferred Stock then outstanding, and except as otherwise provided by        law, any vacancy in the Board of Directors that results from an increase in the        number of directors, from the death, disability, resignation, disqualification or        removal of any director or from any other cause shall be filled solely by an        affirmative vote of at least a majority of the directors then in office, even if less        than a quorum, or by a sole remaining director.  A director elected to fill a        vacancy or a newly created directorship shall hold office until his or her successor        has been elected and qualified or until his or her earlier death, resignation or        removal.              6.     No director of the Corporation shall be liable to the Corporation or        its stockholders for monetary damages for breach of his or her fiduciary duty as a        director, provided that nothing contained in this Article shall eliminate or limit the        liability of a director (a) for any breach of the director’s duty of loyalty to the        Corporation or its stockholders, (b) for acts or omissions not in good faith or        which involve intentional misconduct or a knowing violation of the law, (c) under        Section 174 of the DGCL or (d) for any transaction from which the director        derived an improper personal benefit.               7.     To the fullest extent permitted by the DGCL, the Corporation shall        indemnify and advance expenses to the directors and officers of the Corporation,        provided that, except as otherwise provided in the By-laws of the Corporation, the        Corporation shall not be obligated to indemnify or advance expenses to a director        or officer of the Corporation in respect of an action, suit or proceeding (or part        thereof) instituted by such director or officer, unless such action, suit or        proceeding (or part thereof) has been authorized by the Board of Directors.  The        rights provided by this Section 7 of Article FIFTH shall not limit or exclude any        rights, indemnities or limitations of liability to which any director or officer of the        Corporation may be entitled, whether as a matter of law, under the By-laws of the        Corporation, by agreement, vote of the stockholders, approval of the directors of        the Corporation or otherwise.                 SIXTH.  Stockholder Action by Written Consent.  Any action required or  permitted to be taken at any annual or special meeting of stockholders of the Corporation  may be taken only upon the vote of the stockholders at an annual or special meeting duly  called and may not be taken by written consent of the stockholders.                SEVENTH.  Special Meetings.  Except as otherwise required by law and  subject to any rights granted to holders of shares of any class or series of Preferred Stock  then outstanding, special meetings of the stockholders of the Corporation for any purpose  or purposes may be called only by the Chairman of the Board of Directors or pursuant to  a resolution of the Board of Directors adopted by at least a majority of the directors then  in office,  The stockholders of the Corporation shall not have the power to call a special  meeting of the stockholders of the Corporation or to request the Secretary of the                                      4  

 

   Corporation to call a special meeting of the stockholders. Business transacted at any  special meeting of stockholders shall be limited to the purposes stated in the notice.               EIGHTH.  Section 203 of the DGCL.  The Corporation shall be governed  by Section 203 of the DGCL (“Section 203”) so long as Section 203 by its terms would  apply to the Corporation.               NINTH.  Amendment of the Certificate of Incorporation.  The Corporation  reserves the right to amend, alter or repeal any provision contained in this Third  Amended and Restated Certificate of Incorporation in the manner now or hereafter  prescribed by the DGCL, and all rights herein conferred upon stockholders or directors  are granted subject to this reservation, provided, however, that any amendment, alteration  or repeal of Sections 6 or 7 of Article FIFTH shall not adversely affect any right or  protection existing under this Third Amended and Restated Certificate of Incorporation  immediately prior to such amendment, alteration or repeal, including any right or  protection of a director thereunder in respect of any act or omission occurring prior to the  time of such amendment, alteration or repeal.                TENTH.  Amendment of the By-laws.  In furtherance and not in limitation  of the powers conferred by law, the Board of Directors is expressly authorized to amend,  alter or repeal the By-laws of the Corporation, without the assent or vote of stockholders  of the Corporation.  Any amendment, alteration or repeal of the By-laws of the  Corporation by the Board of Directors shall require the affirmative vote of at least a  majority of the directors then in office.  In addition to any other vote otherwise required  by law, the stockholders of the Corporation may amend, alter or repeal the By-laws of the  Corporation, provided that any such action will require the affirmative vote of the holders  of at least a majority of the outstanding shares of Common Stock entitled to vote at any  annual or special meeting of stockholders.                 ELEVENTH.  Exclusive Jurisdiction for Certain Actions.  Unless the  Corporation consents in writing to the selection of an alternative forum, the Court of  Chancery of the State of Delaware (the “Court of Chancery”) shall, to the fullest extent  permitted by law, be the sole and exclusive forum for (a) any derivative action or  proceeding brought on behalf of the Corporation, (b) any action asserting a claim of  breach of a fiduciary duty owed by any director, officer, employee, agent or stockholder  of the Corporation to the Corporation or the Corporation’s stockholders (c) any action  asserting a claim arising out of or pursuant to any provision of the DGCL, or as to which  the DGCL confers jurisdiction on the Court of Chancery (including, without limitation,  any action asserting a claim arising out of or pursuant to this Third Amended and  Restated Certificate of Incorporation or the By-laws of the Corporation), or (d) any action  asserting a claim governed by the internal affairs doctrine.  Any person or entity holding,  purchasing or otherwise acquiring any interest in shares of capital stock of the  Corporation shall be deemed to have notice of and consented to the provisions of this  Article ELEVENTH.                                       5

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