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, 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.

Section
8.06. Lost, Stolen or Destroyed Certificates. The Corporation shall issue a new certificate in place of any certificate for shares previously
issued if the registered owner of the certificate: (a) makes proof in affidavit form that it has been lost, destroyed or wrongfully taken;
(b) requests the issuance of a new certificate before the Corporation has notice that the certificate has been acquired by a purchaser
for value in good faith and without notice of an adverse claim; (c) gives a bond in such form, and with such surety or sureties, with
fixed or open penalty, as the Corporation may direct, to indemnify the Corporation (and its transfer agent and registrar, if any) against
any claim that may be made on account of the alleged loss, destruction or theft of the certificate; and (d) satisfies any other reasonable
requirements imposed by the Corporation. When a certificate has been lost, apparently destroyed or wrongfully taken, and the holder of
record fails to notify the Corporation within a reasonable time after he or she has notice of it, and the Corporation registers a transfer
of the shares represented by the certificate before receiving such notification, the holder of record is precluded from making any claim
against the Corporation for the transfer or for a new certificate.

Section
8.07. Registration of Transfer. The Corporation shall register the transfer of a certificate for shares presented to it for transfer
if: (a) the certificate is properly endorsed by the registered owner or by his or her duly authorized attorney; (b) the signature of
such person has been notarized and reasonable assurance is given that such endorsements are effective; (c) the Corporation has no notice
of an adverse claim or has discharged any duty to inquire into such a claim; (d) any applicable law relating to the collection of taxes
has been complied with; and (e) there is an opinion of counsel satisfactory to counsel of the Corporation that such transfer is made
in accordance with all federal and state securities regulations.

Section
8.08. Registered Owner. Prior to due presentment for registration of transfer of a certificate for shares, the Corporation may treat
the registered owner as the person exclusively entitled to vote, to receive notices and otherwise to exercise all rights and powers of
a shareholder.

Section
8.09. Transfer of Shares. Transfer of shares of the Corporation shall be made only in the stock transfer books of the Corporation by
the holder of record thereof or by his or her legal representative, who shall furnish proper evidence of authority to transfer, or by
his attorney therein authorized by power of attorney duly executed and filed with the secretary of the Corporation and on surrender for
cancellation of the certificate for such shares. The person in whose name the shares stand on the books of the Corporation shall be deemed
by the Corporation to be the owner thereof for all purposes but the stock transfer books shall be in the possession of the secretary
or transfer agent or clerk of the Corporation.

Section
8.10. Transfer Agent and Registrar. By resolution of the board of directors, the Corporation may from time to time appoint a transfer
agent, and, if desired, a registrar, who will perform his or her duties in accordance with the terms and conditions the board of directors
deems advisable; provided, however, that until and unless the board of directors appoints some other person, firm or Corporation as its
transfer agent, the secretary of the Corporation shall act as transfer agent without the necessity of any formal action of the board
of directors and he or she shall perform all of the duties thereof.

ARTICLE

INDEMNIFICATION

Section
9.01. Indemnification.

officer or director shall be personally liable for any obligations of the Corporation or
for any duties or obligation of the Corporation or for any duties or obligations arising
out of any actions or conduct of such officer or director or director performed for or on
behalf of the Corporation.

(B)	The
Corporation shall indemnify and hold harmless each person, and such person’s heirs
and administrators, who serves or has served at any time as a director or officer of the
Corporation, from and against any and all claims, judgments, losses, damages, and liabilities
to which such person may become subject by reason of having served, or having been alleged
to have served, as a director or officer of the Corporation, or by reason of any action taken
or alleged to have been taken by such person in such capacity. The Corporation shall reimburse
each such person for all legal and other expenses reasonably incurred in connection with
any such claim or liability, including the cost of defending any suit or proceeding, to the
fullest extent permitted under the laws of the State of Wyoming; provided, however, that
no such person shall be indemnified against, or reimbursed for, any expense or liability
arising out of such person’s negligence or willful misconduct.

The
rights to indemnification and reimbursement provided under this Section shall not be deemed exclusive of any other rights to which such
person may be entitled under law, the Articles of Incorporation, these Bylaws, or otherwise, nor shall anything herein restrict the right
of the Corporation to indemnify or reimburse such person in any proper case, even if not specifically provided herein. The Corporation,
its directors, officers, employees, and agents shall be fully protected in taking any action or making any payment in reliance upon the
advice of legal counsel.

Section
9.02. Other Indemnification. The indemnification herein provided shall not be deemed exclusive of any other rights to which those seeking
indemnification may be entitled under any Bylaw, agreement, vote of shareholders, or disinterested directors or otherwise, both as to
action in his or her official capacity and as to action in another capacity while holding such office, and shall continue as to a person
who has ceased to be a director, officer, employee or agent, and shall inure to the benefit of the heirs, executors and administrators
of such person.

Section
9.03. Issuance. The Corporation may purchase and maintain insurance on behalf of any person who is or was a director, officer, employee
or agent of the Corporation or is or who was serving at the request of the Corporation as a director, officer, employee or agent of another
Corporation, partnership, joint venture, trust or other enterprise against any liability asserted against him or her and incurred by
him or her in any such capacity, or arising out of his or her status as such, whether or not the Corporation would have the power to
indemnify him or her against liability under the provisions of this section or the laws of the State of Wyoming.

Section
9.04. Settlement by Corporation. The right of any person to be indemnified shall be subject always to the right of the Corporation by
its board of directors, in lieu of such indemnity, to settle any claim, action suit or proceeding at the expense of the Corporation by
the payment of the amount of such settlement and the cost and expense incurred in connection therewith.

ARTICLE

GENERAL
PROVISIONS

Section
10.01. Dividends and Reserves.

(A)	Subject
to statute, the Certificate of Incorporation and these Bylaws, dividends may be declared
by the board of directors at any regular or special meeting and may be paid in cash, in property,
or in shares of the Corporation. The declaration and payment shall be at the discretion of
the board of directors.

resolution, the board of directors may create such reserve or reserves out of the earned
surplus of the Corporation as the directors from time to time, in their discretion, think
proper to provide for contingencies, or to equalize dividends, or to repair or maintain any
property of the Corporation, or for any other purpose they think beneficial to the Corporation.
The directors may modify or abolish any such reserve in the manner in which it was created.