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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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.

Section
4.11. Procedure. The executive committee shall keep regular minutes of its proceedings and report the same to the board of directors
when required. The minutes of the proceedings of the executive committee shall be placed in the minute book of the Corporation.

Section
4.12. Action Without Meeting. Any action required or permitted to be taken at a meeting of the executive committee may be taken without
a meeting if a consent in writing, setting forth the action so taken, is signed by all the members of the executive committee. 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.

Section
4.13. Telephone and Similar Meetings. Members of the executive committee may participate in and hold a meeting by means of a 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
4.14. Responsibility. The designation of an executive committee and the delegation of authority to it shall not operate to relieve the
board of directors, or any member thereof, of any responsibility imposed upon it, him or her by law.

ARTICLE

NOTICE

Section
5.01. Method. Whenever by statute, the Certificate of Incorporation, these Bylaws or otherwise, notice is required to be given to a shareholder,
director or committee member, and no provision is made as to how the notice shall be given, it shall not be construed to mean personal
notice, but any such notice may be given: (a) in writing, by United States mail, certified, return receipt requested, postage prepaid,
addressed to the shareholder, director or committee member at the address appearing on the books of the Corporation; or (b) in any other
method permitted by law. Any notice required or permitted to be given by mail shall be deemed given at the time when the same is deposited
in the United States mails.

Section
5.02. Waiver. Whenever by statute, the Certificate of Incorporation or these Bylaws, notice is required to be given to a shareholder,
committee member or director, a waiver thereof in writing signed by the person or persons entitled to such notice, whether before or
after the time stated in such notice. Attendance at a meeting shall constitute a waiver of notice of such meeting, except where a person
attends for the express purpose of objecting to the transaction of any business on the ground that the meeting is not lawfully called
or convened.

ARTICLE

OFFICERS
AND AGENTS

Section
6.01. Number, Qualification; Election; Term.

(A)	The
Corporation shall have:

president, a vice president, a secretary and a treasurer; and

(2)	such
other officers (including a chairman of the board of directors and additional Vice Presidents)
and assistant officers and agents as the board of directors may deem necessary.

officer or agent need be a shareholder, a director or a resident of the state of incorporation.

(C)	Officers
named in Bylaw Section 6.01 (A) (1) shall be elected by the board of directors on the expiration
of an officer's term or whenever a vacancy exists. Officers and agents named in Bylaw Section
(A) (2) may be elected by the Board of Directors at any meeting.

(D)	Unless
otherwise specified by the board of directors at the time of election or appointment, or
in an employment contract approved by the board of directors, each officer's and agent's
term shall end at the first meeting of directors held after each annual meeting of the shareholders.
Such officer shall serve until the end of his or her term, or if earlier, until his or her
death, resignation or removal.

(E)	Any
two or more offices may be held by the same person, except that the president and the secretary
shall not be the same person.

Section
6.02. Election and Term of Office. The officers of the Corporation shall be elected annually by the board of directors at the first meeting
of the board of directors held after each annual meeting of the shareholders. If the election officers shall not be held at such meeting,
such election shall be held as soon thereafter as convenient. Each officer shall hold office until his or her successor shall have been
duly elected and shall have qualified or until his or her death or until he or she shall resign or shall been removed in the manner hereinafter
provided.

Section
6.03. Resignation. Any officer may resign at any time by delivering a written resignation either to the board of directors, the president
or the secretary of the Corporation. The resignation shall take effect at the time specified therein or immediately if no time is specified.
Unless it specifies otherwise, a resignation takes effect without being accepted.

Section
6.04. Removal. Any officer or agent elected or appointed by the board of directors may be removed by the board of directors, whenever,
in its judgment, the best interest of the Corporation will be served thereby, but such removal shall be without prejudice to the contractual
rights, if any, of the person so removed.

Section
6.05. Vacancies. A vacancy in any office because of death, resignation, removal, disqualification, creation of a new office, or otherwise,
may be filled by the board of directors for the unexpired portion of the term.

Section
6.06. Salaries and Compensation. The salaries or other compensation of the officers of the Corporation shall be fixed from time to time
by the board of directors, except that the board of directors may delegate to any person or group of persons the duty of fixing salaries
or other compensation by reason of the fact that he or she is also a director of the Corporation.

Section
6.07. Surety Bonds. In the event the board of directors shall so require, any officer or agent of the Corporation shall execute to the
Corporation a bond in such sums and with such surety or sureties as the board of directors may direct, conditioned upon the faithful
performance of his or her duties to the Corporation, including responsibility for negligence and for the accounting for all property,
monies, or securities of the Corporation which may come into his or her hands.

Section 6.08. President

(A)	The
president shall be the chief executive and administrative officer of the Corporation.

(B)	The
president shall preside at all meetings of the shareholders, and, in the absence of the chairman
of the board of directors, at meetings of the board of directors.

(C)	The
president shall exercise such duties as customarily pertain to the office of the president
and shall have general and active supervision over the property, business and affairs of
the Corporation and over its several officer.

(D)	The
president may appoint officers, agents, or employees other than those appointed 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.