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

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by the board of directors. (E) The president may sign, execute and deliver in the name of the Corporation powers of attorney, contracts, bonds and other obligations, and shall perform such other duties as may be prescribed from time to time by the board of directors or by the Bylaws. Section 6.09. Vice President. The vice president(s) in the order of their seniority, unless otherwise determined by the board of directors, shall, in the absence or disability of the president, perform the duties and have the authority and powers as the board of directors may from time to time prescribe or as the president may from time to time delegate. Section 6.10. Secretary (A) The secretary shall keep the minutes of all meetings of the shareholders and of the board of directors and, to the extent ordered by the board of directors or the president, the minutes of all committees.

(B)	The
secretary shall cause notice to be given of meetings of shareholders, of the board of directors,
and of any committee appointed by the board of directors.

(C)	The
secretary shall have custody of the corporate seal and general charge of the records, documents
and papers of the Corporation not pertaining to the performance of the duties vested in other
officers, which shall at all reasonable times be open to the examination of any director.

(D)	The
secretary may sign or execute contracts with the president in the name of the Corporation
and affix the seal of the Corporation thereto.

(E)	The
secretary shall perform such other duties as may be prescribed from time to time by the board
of directors or the bylaws.

Section
6.11 Assistant Secretary. The assistant secretaries in the order of their seniority, unless otherwise determined by the board of directors,
shall, in the absence or disability of the secretary, perform the duties and have the authority and exercise the powers of the secretary.
They shall perform other duties and have such other powers as the board of directors may from time to time prescribe or as the president
may from time to time delegate.

Section
6.12. Treasurer.

(A)	The
treasurer shall have general custody of the collection and disbursements of funds of the
Corporation.

(B)	The
treasurer shall endorse on behalf of the Corporation for collection, checks, notes and other
obligations, and shall deposit the same to the credit of the Corporation in such bank or
banks or depositories as the board of directors may direct.

(C)	The
treasurer may sign, for the president and other persons as may be designated for the purpose
by the board of directors, all bills of exchange or promissory notes of the Corporation

(D)	The
treasurer shall enter or cause to be entered regularly in the books of the Corporation a
full and accurate account of all monies received and paid by him or her on account of the
Corporation; shall at all times exhibit his or her books and accounts to any director of
the Corporation upon application at the office of the Corporation during business hours;
and, whenever required by the board of directors or the president, shall render statements
of his or her accounts. The treasurer shall perform such other duties as may be prescribed
from time to time by the board of directors or by the Bylaws.

the board of directors require, the treasurer shall give bond for the faithful performance
of his or her duties in such sum and with or without such surety as shall be approved by
the board of directors.

Section
6.13. Assistant Treasurer. The assistant treasurers in the order of their seniority, unless otherwise determined by the board of directors,
shall, in the absence or disability of the treasurer, perform the duties and have the authority and exercise the powers of the treasurer.
They shall perform such other duties and have such other powers as the board of directors may from time to time prescribe or the president
may from time to time delegate.

Section
6.14. Registered Agent. The Registered Agent shall serve as the agent of the Corporation for purposes of receiving service of process
or any demand or notice authorized by law to be served on the Corporation.

Section
6.15. Other Officers. Other officers shall perform such duties and have such powers as may be assigned to them by the board of directors
or the president.

Section
6.16. Delegation of Duties. If any officer of the Corporation is absent or unable to act for any other reason the board of directors
may deem sufficient, the board of directors may delegate, for a period of time, some or all of the function, duties, powers and responsibilities
of any officer to any other officer, agent or employee of the Corporation or other responsible person, provided a majority of the whole
board of directors concurs therein.

ARTICLE

CONTRACTS,
LOANS, DEPOSITS AND CHECKS

Section
7.01. Contracts. The board of directors may authorize any officer or officers, agent or agents, to enter into any contract or execute
and deliver any instrument in the name of and on behalf of the Corporation and such authority may be general or confined to specific
instances.

Section
7.02. Loans. No loans or advances shall be contracted on behalf of the Corporation; no negotiable paper or other evidence of its obligation
under any loan or advance shall be issued in its name, and no property of the Corporation shall be mortgaged, pledged, hypothecated,
or transferred as security for the payment of any loan, advance, indebtedness or liability of the Corporation unless and except as authorized
by the board of directors. Any such authorization may be general or confined to specific instances.

Section
7.03. Deposits. All funds of the Corporation not otherwise employed shall be deposited from time to time to the credit of the Corporation
in such banks, trust companies or other depositories as the board of directors may select, or as may be selected by an officer or agent
authorized to do so by the board of directors.

Section
7.04. Checks and Drafts. All notes, drafts, acceptances, checks, endorsements, and evidences of indebtedness of the Corporation shall
be signed by such officer or officers, or such agent or agents of the Corporation and in such manner as the board of directors from time
to time may determine.

ARTICLE

CAPITAL
STOCK

Section
8.01. Certificates. Certificates representing shares of the Corporation shall be issued, in such form as the board of directors shall
determine, to every shareholder for the fully paid shares owned by him. These certificates shall be signed by the president and the secretary.
They shall be consecutively numbered or otherwise identified; and the name and address of the person to whom they are issued, with the
number of shares and the date of issue, shall be entered on the stock transfer books of the Corporation.

Section
8.02. Issuance. Shares (both treasury and authorized but unissued) may be issued for such consideration (not less than par value) and
to such persons as the board of directors may determine from time to time. Shares may not be issued until the full amount of the consideration,
fixed as provided by law, has been paid.

Section
8.03. Payment of Shares.

(A)	The
consideration for the issuance of shares shall consist of money paid, labor done (including
the service actually performed for the Corporation) or property (tangible or intangible)
actually received. Neither promissory notes nor the promise of future services shall constitute
payment for shares.

the absence of fraud in the transaction, the judgment of the board of directors as to the
value of consideration received shall be conclusive.

(C)	When
consideration, fixed as provided by law, has been paid, the shares shall be deemed to have
been issued and shall be considered fully paid and nonassessable.

(D)	The
consideration received for shares shall be allocated by the board of directors, in accordance
with law, between stated capital and capital surplus accounts.

Section
8.04. Subscriptions. Unless otherwise provided in the subscription agreement, subscriptions for shares, whether made before or after
organization of the Corporation, shall be paid in full at such time or in such installments and at such times as shall be determined
by the board of directors. Any call made by the board of directors for payment of subscriptions shall be uniform as to all shares of
the same series. In case of default in the payment on any installment or call when payment is due, the Corporation may proceed to collect
the amount due in the same manner as any debt due the Corporation.

Section
8.05. Lien. For any indebtedness of a shareholder to the Corporation, the Corporation shall have a first and prior lien on all dividends
or other distributions declared thereon.