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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or these Bylaws. Voting on all matters except the election of directors shall be by voice or by show of hands, unless the holders of one-tenth of the shares represented at the meeting shall, prior to the voting on any matter, demand a ballot vote on that particular matter. (A) Neither treasury shares nor shares held by another Corporation if the majority of the shares entitled to vote for the election of directors of such other Corporation is held by the Corporation shall be voted at any meeting or counted in determining the total number of issued and outstanding shares at any given time. (B) Shares standing in the name of another Corporation, domestic or foreign, may be voted by such officer, agent or proxy as the Bylaws of that Corporation may prescribe, or, in the absence of such provision, as the board of directors of that Corporation may determine.

(C)	Shares
held by an administrator, executor, guardian, or conservator may be voted by him or her,
either in person or by proxy, without the transfer of such shares into his name. Shares standing
in the name of a trustee may be voted by him or her, either in person or by proxy, but no
trustee shall be entitled to vote shares held by him or her without a transfer of the shares
into his or her name.

(D)	Shares
standing in the name of a receiver may be voted by such receiver, and shares held by or under
the control of a receiver may be voted by such receiver without the transfer into his or
her name if authority to do so is contained in an appropriate order of the court by which
the receiver was appointed.

shareholder whose shares are pledged shall be entitled to vote such shares until the shares
have been transferred into the name of the pledgee, and thereafter the pledgee shall be entitled
to vote the shares transferred.

(F)	Redeemable
shares which have been called for redemption shall not be entitled to vote on any matter
and shall not be entitled to vote on any matter and shall not be deemed issued and outstanding
shares on and after the date on which written notice of redemption has been mailed to shareholders
and a sum sufficient to redeem such shares has been deposited with a bank or trust Corporation
with irrevocable instruction and authority to pay the redemption price to the holders of
the shares upon surrender of their certificates.

Section
2.11. Action Without Meeting. Any action required by statute to be taken at a meeting of the shareholders, or any action which may be
taken at a meeting of the shareholders, may be taken without a meeting if a consent in writing, setting forth the action so taken, shall
be signed by holders representing a majority of shares entitled to vote with respect to the subject matter thereof and such consent shall
have the same force and effect as a unanimous vote of the shareholders. The consent may be in more than one counterpart so long as each
shareholder signs one of the counterparts. The signed consent, or a signed copy shall be placed in the minute book.

Section
2.12. Telephone and Similar Meetings. Shareholders 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
2.13. Order of Business at Meetings. The order of business at annual meetings and so far as practicable at other meetings of shareholders
shall be as follows unless changed by the board of directors: (a) call to order; (b) proof of due notice of meeting; (c) determination
of quorum and examination of proxies: (d) announcement of availability of voting lists; (e) announcement of distribution of annual statement;
(f) reading and disposing of minutes of last meeting of shareholders; (g) reports of officers and committees; (h) reports of directors;
(l) opening of polls for voting; (m) recess; (n) reconvening, closing of polls; (o) report of voting inspectors; (p) other business;
and (q) adjournment.

ARTICLE

BOARD
OF DIRECTORS

Section
3.01. General Powers. The business and affairs of the Corporation shall be managed by its board of directors. The directors shall in
all cases act as a board of directors, and they may adopt such rules and regulations for the conduct of their meetings and the management
of the Corporation as they deem proper. Such rules and regulations may not be inconsistent with these Bylaws, the Certificate of Incorporation,
and the laws of Wyoming.

Section
3.02. Number, Tenure and Qualifications. The number of directors constituting the board of directors of this Corporation is two. The
number of directors of this Corporation shall not be less than two; except that there need by only as many directors as there are shareholders
in the event that the issued and outstanding shares are held of record by fewer than three shareholders. The directors shall be elected
annually for a term of two years by majority vote of the shareholders. A director must be at least eighteen years of age but need not
be a shareholder in the Corporation nor a resident of the State of Wyoming.

Section
3.03. Change in Number. The number of directors may be increased or decreased from time to time by amendment to these Bylaws but no decrease
shall have the effect of shortening the term of any incumbent director. Any directorship to be filled by reason of an increase in the
number of directors shall be filled by election at an annual meeting or at a special meeting of shareholders called for that purpose.

Section
3.04. Election of Directors. The directors shall be elected at the annual meeting of shareholders and those persons who receive the highest
number of votes shall be deemed to have been elected. Election of directors shall be by ballot.

Section
3.05. Cumulative Voting. Directors shall be elected by majority vote. Cumulative voting shall be permitted.

Section
3.06. Removal of Directors. A meeting called expressly for the purpose of removing a director, the entire board of directors or any lesser
number may be removed, with or without cause, by a vote of the holders of the majority of the shares then entitled to vote at an election
of directors. If any directors are so removed, new directors may be elected at the same meeting.

Section
3.07. Resignation. Subject to Section 3.02, a director may resign at any time by giving written notice to the board of directors, the
president, or the secretary of the Corporation and unless otherwise specified in the notice, the resignation shall take effect upon receipt
thereof by the board of directors or such officer, and the acceptance of the resignation shall not be necessary to make it effective.

Section
3.08. Vacancies. A vacancy occurring in the board of directors may be filled by the affirmative vote of a majority of the remaining directors
though less than a quorum of the board of directors remains. A director elected to fill a vacancy shall be elected for the unexpired
term of his or her predecessor in office. Any directorship to be filled by reason of an increase in the number of directors shall be
filled by election at an annual meeting of shareholders or at a special meeting of the shareholders called for that purpose. A director
chosen to fill a position resulting from an increase in the number of directors shall hold office until his or her successor(s) shall
have been qualified.

Section
3.09. Compensation. By resolution of the board of directors, compensation may be paid to directors 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 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.