SEC Filing Document

Company: Palermo Technologies Inc.
Ticker: 
CIK: 2101355
Filing Type: S-1
Document Type: EX-3.2
Date Filed: 2026-01-20
Accession Number: 0002097570-26-000005
Exchange: 
SIC Code: 4899
SIC Description: Communications Services, NEC
URL: https://www.sec.gov/Archives/edgar/data/2101355/000209757026000005/exhibit3_2.htm

Chunk 2 of 7
Word Count: 1459
Character Count: 8931

Document Content:

actual attendance at each regular or special meeting of the board of directors may also be paid. Nothing herein contained shall be construed to preclude any director from serving the Corporation in any other capacity and receiving compensation therefor. Members of the executive committee or of special or standing committees may, by resolution of the board of directors, be allowed like compensation for attending committee meetings. Section 3.10. First Meeting. The first meeting of a newly elected board shall be held without further notice immediately following the annual meeting of shareholders, and it shall be at the same place, unless by unanimous consent of the directors then electing and serving, the time or place is changed. Section 3.11. Regular Meetings. Regular meetings of the board of directors may be held without notice at such time and place as shall from time to time be determined by the board of directors.

Section
3.12. Special Meetings. Special meetings of the board of directors may be called by the president on three days’ notice to each
director, either personally or by mail or by telegram. Special meetings shall be called in like manner and on like notice on the written
request of two directors. Except as otherwise expressly provided by statute, the Certificate of Incorporation or these Bylaws, neither
the business to be transacted at, nor the purpose of any special meeting need be specified in a notice or waiver of notice.

Section
3.13. Quorum; Majority Vote. At meetings of the board of directors, a majority of the number of directors fixed by these Bylaws shall
constitute a quorum for the transaction of business. The act of a majority of the directors present at a meeting at which a quorum is
present shall be the act of the board of directors, unless a greater vote is required by law, the Certificate of Incorporation, or these
Bylaws. If a quorum is not present, the directors present may adjourn the meeting from time to time, without notice other than announcement
at the meeting, until a quorum is present.

Section
3.14. Procedure. The board of directors shall keep regular minutes of its proceedings. The minutes shall be placed in the minute book
of the Corporation.

Section
3.15. Action Without Meeting. Any action required or permitted to be taken at a meeting of the board of directors may be taken without
a meeting if a consent in writing, setting forth the action so taken, is signed by all members of the board of directors. Such consent
shall have the same force and effect as a unanimous vote at a meeting. The signed consent, or a signed copy, shall be placed in the minute
book. The consent may be in more than one counterpart so long as each director signs one of the counterparts.

Section
3.16. Telephone and Similar Meetings. Directors may participate in and hold a meeting by means of conference telephone or similar communications
equipment by means of which all persons participating in the meeting can hear each other. Participation in such a meeting shall constitute
presence in person at the meeting, except where a person participates in the meeting for the express purpose of objecting to the transaction
of any business on the ground that the meeting is not lawfully called or convened.

Section
3.17. Interested Directors and Officers. No contract or transaction between the Corporation and one or more of its directors or officers,
or any other Corporation, firm, association, partnership or entity in which one or more of its directors of officers are directors or
officers or are financially interested shall be either void or voidable solely because of such relationship or interest or solely because
such directors or officers are present at the meeting of the board of directors or a committee thereof which authorizes, approves, or
ratifies such contract or transaction or solely because their votes are counted for such purposes if:

the common directorship or financial interest is disclosed to or known by the board of directors
or committee and noted in the minutes, and the board or committee which authorizes, approves,
or ratifies the contract or transaction by a vote sufficient for the purpose without counting
the votes or consents of such interested directors; or

(B)	the
material facts of such relationship or financial interest is disclosed to or known by the
shareholders entitled to vote thereon and they authorize, approve or ratify such contract
or transaction in good faith by a majority vote or written consent of shareholders holding
a majority of the shares the votes of the common or interested directors or officers shall
be counted in any such vote of shareholders; or

(C)	the
contract or transaction is fair and reasonable to the Corporation.

common or interested director may be counted in determining the presence of a quorum at a meeting of the board of directors or a committee
thereof which authorizes, approves or ratifies such contract or transaction.

ARTICLE

EXECUTIVE
COMMITTEE

Section
4.01. Designation. The board of directors may from time to time, by resolution adopted by a majority of the whole board, designate an
executive committee.

Section
4.02. Number; Qualification and Term. The executive committee shall consist of one or more directors, one of whom shall be the president
of the executive committee. The executive committee shall serve at the pleasure of the board of directors.

Section
4.03. Authority. The executive committee, to the extent provided in such resolution, shall have and may exercise all of the authority
of the board of directors in the management of the business and affairs of the Corporation, including authority over the use of the corporate
seal. However, the executive committee shall not have the authority of the board of directors in reference to (a) amending the Certificate
of Incorporation; (b) approving a plan of merger or consolidation; (c) recommending to the shareholders the sale, lease or exchange of
all or substantially all of the property and assets for the Corporation other than in the usual and regular course of its business; (d)
recommending to the shareholders a voluntary dissolution of the Corporation or a revocation thereof; (e) amending, altering, or repealing
these Bylaws or adopting new Bylaws; (f) filling vacancies in or removing members of the board of directors or of any committee appointed
by the board of directors; (g) electing or removing officers or members of any such committee; (h) fixing the compensation of any member
of such committee; (I) altering or repealing any resolution of the board of directors which by its terms provides that it shall not be
so amendable or repealable; (j) declaring a dividend; or (k) authorizing the issuance of shares of the Corporation.

Section
4.04. Change in Number. The number of executive committee members may be increased or decreased from time to time by resolution adopted
by a majority of the board of directors.

Section
4.05. Removal. Any member of the executive committee may be removed by the board of directors by the affirmative vote of the majority
of the board of directors, whenever in its judgement the best interests of the Corporation will be served thereby.

Section
4.06. Vacancies. A vacancy occurring in the executive committee (by death, resignation, removal or otherwise) may be filled by the board
of directors in the manner providing for original designation in Bylaw Section 4.01.

Section
4.07. Resignation. A committee member may resign by giving written notice to the board of directors, the president or the secretary of
the Corporation. The resignation shall take effect at the time specified in it, or immediately if no time is specified. Unless it specifies
otherwise, a resignation takes effect without being accepted.

Section
4.08. Meetings. Time, place and notice (if any) of executive committee meetings shall be determined by the executive committee.

Section
4.09. Quorum; Majority Vote. At meetings of the executive committee, a majority of the number of members designated by the board of directors
shall constitute a quorum for the transaction of business. The act of a majority of the members present at any meeting at which a quorum
is present shall be the act of the executive committee, except as otherwise specifically provided by statute, the Certificate of Incorporation
or these Bylaws. If a quorum is not present at a meeting of the executive committee, the members present may adjourn the meeting from
time to time, without notice other than an announcement at the meeting, until a quorum is present.

Section
4.10. Compensation. By resolution of the board of directors, compensation may be paid to members of the executive committee for their
services. Also by resolution of the board of directors, a fixed sum and expenses for actual attendance at each regular or special meeting
of the executive committee may also be paid.