Attached files
file | filename |
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S-1/A - S-1/A - Phio Pharmaceuticals Corp. | b88518a1sv1za.htm |
EX-2.1 - EX-2.1 - Phio Pharmaceuticals Corp. | b88518a1exv2w1.htm |
EX-2.2 - EX-2.2 - Phio Pharmaceuticals Corp. | b88518a1exv2w2.htm |
EX-10.4 - EX-10.4 - Phio Pharmaceuticals Corp. | b88518a1exv10w4.htm |
EX-10.9 - EX-10.4 - Phio Pharmaceuticals Corp. | b88518a1exv10w9.htm |
EX-23.1 - EX-23.1 - Phio Pharmaceuticals Corp. | b88518a1exv23w1.htm |
EX-10.3 - EX-10.3 - Phio Pharmaceuticals Corp. | b88518a1exv10w3.htm |
EX-10.12 - EX-10.12 - Phio Pharmaceuticals Corp. | b88518a1exv10w12.htm |
Exhibit 3.3
RXi PHARMACEUTICALS CORPORATION (the Corporation)
AMENDED & RESTATED BYLAWS
AMENDED & RESTATED BYLAWS
SECTION 1 STOCKHOLDERS
Section 1.1. Annual Meeting. An annual meeting of the stockholders for the election
of directors to succeed those whose term expire and for the transaction of such other business as
may properly come before the meeting shall be held at the place, if any, within or without the
State of Delaware, on the date and at the time that the board of directors of the Corporation (the
Board of Directors) shall each year fix. Unless stated otherwise in the notice of the
annual meeting of the stockholders of the Corporation, such annual meeting shall be at the
principal office of the Corporation.
Section 1.2. Advance Notice of Nominations and Proposals of Business.
(a) Nominations of persons for election to the Board of Directors and proposals for business
to be transacted by the stockholders at an annual meeting of stockholders may be made (i) pursuant
to the Corporations notice with respect to such meeting, (ii) by or at the direction of the Board
of Directors or (iii) by any stockholder of record of the Corporation who (A) was a stockholder of
record at the time of the giving of the notice contemplated in Section 1.2(b), (B) is entitled to
vote at such meeting and (C) has complied with the notice procedures set forth in this Section 1.2.
Clause (iii) of this Section 1.2 shall be the exclusive means for a stockholder to make
nominations or propose other business (other than matters properly brought pursuant to applicable
provisions of federal law, including the Securities Exchange Act of 1934 (as amended from time to
time, the Act)) before an annual meeting of stockholders.
(b) For nominations or other business to be properly brought before an annual meeting by a
stockholder pursuant to clause (iii) of Section 1.2(a), (i) the stockholder must have given timely
notice thereof in writing to the Secretary of the Corporation with the information contemplated by
Section 1.2(c), and (ii) the business must be a proper matter for stockholder action under the
Delaware General Corporation Law (the DGCL).
(c) To be timely, a stockholders notice must be delivered to the Secretary of the Corporation
at the principal executive offices of the Corporation a date (i) not fewer than 90 nor more than
120 days prior to the anniversary date of the prior years annual meeting or (ii) if there was no
annual meeting in the prior year or if the date of the current years annual meeting is more than
30 days before or after the anniversary date of the prior years annual meeting, on or before 10
days after the day on which the date of the current years annual meeting is first disclosed in a
public announcement. In no event shall any adjournment or postponement of an annual meeting or the
announcement thereof commence a new time period for the delivery of such notice. Such notice from
a stockholder must state (i) as to each nominee that the stockholder proposes for election or
reelection as a director, (A) all information relating to such nominee that would be required to be
disclosed in solicitations of proxies for the election of such nominee as a director pursuant to
Regulation 14A under the Act and such nominees written consent to serve as a director if elected,
and (B) a description of all direct and indirect
compensation and other material monetary arrangements, agreements or understandings during the
past three years, and any other material relationship, if any, between or concerning such
stockholder and its respective affiliates or associates, or others with whom they are acting in
concert, on the one hand, and the proposed nominee, and his or her respective affiliates or
associates, on the other hand; (ii) as to each proposal that the stockholder seeks to bring before
the meeting, a brief description of such proposal, the reasons for making the proposal at the
meeting, and any material interest that the stockholder has in the proposal; (iii) (A) the name and
address of the stockholder, (B) the class (and, if applicable, series) and number of shares of
stock of the Corporation that are, directly or indirectly, owned beneficially or of record by the
stockholder or any Stockholder Associated Person (as defined below), (C) any option, warrant,
convertible security, stock appreciation right or similar right with an exercise or conversion
privilege or a settlement payment or mechanism at a price related to any class (or, if applicable,
series) of shares of stock of the Corporation or with a value derived in whole or in part from the
value of any class (or, if applicable, series) of shares of stock of the Corporation, whether or
not such instrument or right shall be subject to settlement in the underlying class or series of
capital stock of the Corporation or otherwise (each, a Derivative Instrument) directly or
indirectly owned beneficially or of record by such stockholder or any Stockholder Associated Person
and any other direct or indirect opportunity to profit or share in any profit derived from any
increase or decrease in the value of shares of stock of the Corporation of the stockholder or any
Stockholder Associated Person, (D) any proxy, contract, arrangement, understanding or relationship
pursuant to which such stockholder or any Stockholder Associated Person has a right to vote any
securities of the Corporation, (E) any proportionate interest in shares of the Corporation or
Derivative Instruments held, directly or indirectly, by a general or limited partnership in which
such stockholder or any Stockholder Associated Person is a general partner or beneficially owns an
interest in a general partner, (F) any performance-related fees (other than an asset-based fee)
that such stockholder or any Stockholder Associated Person is entitled to based on any increase or
decrease in the value of the shares of stock of the Corporation or Derivative Instruments and (G)
whether either the stockholder intends to deliver a proxy statement and form of proxy to holders
of, in the case of a proposal, at least the percentage of the Corporations voting shares required
under applicable law to carry the proposal or, in the case of a nomination or nominations, a
sufficient number of holders of the Corporations voting shares reasonably believed by such
stockholder to be sufficient to elect such nominee or nominees. For purposes of these bylaws, a
Stockholder Associated Person of any stockholder means (i) any affiliate or associate
(as those terms are defined in Rule 12b-2 under the Act) of the stockholder that owns beneficially
or of record any capital stock or other securities of the Corporation and (ii) any person acting in
concert with such stockholder or any affiliate or associate of such stockholder with respect to the
capital stock or other securities of the Corporation. In addition, any nominee proposed by a
stockholder shall complete a questionnaire, in a form provided by the Corporation, within 10 days
of receipt of the form of questionnaire from the Corporation.
(d) Subject to the certificate of incorporation of the Corporation (as amended from time to
time, the Certificate of Incorporation) and applicable law, only persons nominated in
accordance with procedures stated in this Section 1.2 shall be eligible for election as and to
serve as a member of the Board of Directors and the only business that shall be conducted at an
annual meeting of stockholders is the business that has been brought before the meeting in
accordance with the procedures set forth in this Section 1.2. The chairman of the
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meeting shall have the power and the duty to determine whether a nomination or any proposal
has been made according to the procedures stated in this Section 1.2 and, if any nomination or
proposal does not comply with this Section 1.2, unless otherwise required by law, the nomination or
proposal shall be disregarded.
(e) For purposes of this Section 1.2, public announcement means disclosure in a
press release reported by the Dow Jones News Service, Associated Press or a comparable news service
or in a document publicly filed by the Corporation with the Securities and Exchange Commission
pursuant to Section 13, 14 or 15(d) of the Act.
(f) Notwithstanding the foregoing provisions of this Section 1.2, a stockholder shall also
comply with all applicable requirements of the Act and the rules and regulations thereunder with
respect to matters set forth in this Section 1.2. Nothing in this Section 1.2 shall affect any
rights, if any, of stockholders to request inclusion of proposals in the Corporations proxy
statement pursuant to applicable provisions of federal law, including the Act.
Section 1.3. Special Meetings; Notice.
Special meetings of the stockholders of the Corporation may be called only in the manner set
forth in the Certification of Incorporation. Notice of every special meeting of the stockholders
of the Corporation shall state the purpose of such meeting. Except as otherwise required by law,
the business conducted at a special meeting of stockholders of the Corporation shall be limited
exclusively to the business set forth in the Corporations notice of meeting, and the individual or
group calling such meeting shall have exclusive authority to determine the business included in
such notice.
Section 1.4. Notice of Meetings.
Notice of the place, if any, date and time of all meetings of stockholders of the Corporation,
and the means of remote communications, if any, by which stockholders and proxy holders may be
deemed present and vote at such meeting, and, in the case of all special meetings of stockholders,
the purpose of the meeting, shall be given, not fewer than 10 nor more than 60 days before the date
on which such meeting is to be held, to each stockholder entitled to notice of the meeting.
The Corporation may postpone or cancel any previously called annual or special meeting of
stockholders of the Corporation by making a public announcement (as defined in Section 1.2(e)) of
such postponement or cancellation prior to the meeting. When a previously called annual or special
meeting is postponed to another time or place, if any, notice of the place (if any), date and time
of the postponed meeting and the means of remote communications, if any, by which stockholders and
proxy holders may be deemed present and vote at such postponed meeting, shall be given in
conformity with this Section 1.4 unless such meeting is postponed not more than 120 days after
initial notice of the meeting was provided in conformity with this Section 1.4.
When a meeting is adjourned to another time or place, notice need not be given of the
adjourned meeting if the time and place, if any, thereof and the means of remote communication,
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if any, by which stockholders and proxy holders may be deemed to be present and vote at such
adjourned meeting are announced at the meeting at which the adjournment is taken; however,
if the date of any adjourned meeting is more than 30 days after the date for which the meeting was
originally noticed, or if a new record date is fixed for the adjourned meeting, notice of the
place, if any, date and time of the adjourned meeting and the means of remote communication, if
any, by which stockholders and proxy holders may be deemed present and vote at such adjourned
meeting, shall be given in conformity herewith. At any adjourned meeting, any business may be
transacted that may have been transacted at the original meeting.
Section 1.5. Quorum.
At any meeting of the stockholders, the holders of shares of stock of the Corporation entitled
to cast a majority of the total votes entitled to be cast by the holders of all outstanding capital
stock of the Corporation, present in person or by proxy, shall constitute a quorum for all
purposes, unless or except to the extent that the presence of a larger number is required by
applicable law or the Certificate of Incorporation. If a separate vote by one or more classes or
series is required, the holders of shares entitled to cast a majority of the total votes entitled
to be cast by the holders of the shares of the class or classes or series, present in person or
represented by proxy, shall constitute a quorum entitled to take action with respect to that vote
on that matter.
If a quorum shall fail to attend any meeting, the chairman of the meeting may adjourn the
meeting to another place, if any, date and time.
Section 1.6. Organization.
The Chairman of the Board or, in his or her absence, the person whom the Board of Directors
designates or, in the absence of that person or the failure of the Board of Directors to designate
a person, the Chief Executive Officer of the Corporation or, in his or her absence, the person
chosen by the holders of a majority of the shares entitled to vote who are present, in person or by
proxy, shall call to order any meeting of the stockholders of the Corporation and act as chairman
of the meeting. In the absence of the Secretary of the Corporation, the secretary of the meeting
shall be the person the chairman appoints.
Section 1.7. Conduct of Business.
The chairman of any meeting of stockholders of the Corporation shall determine the order of
business and the rules of procedure for the conduct of such meeting, including the manner of voting
and the conduct of discussion as he or she determines to be in order. The chairman shall have the
power to adjourn the meeting to another place, if any, date and time. The date and time of the
opening and closing of the polls for each matter upon which the stockholders will vote at the
meeting shall be announced at the meeting.
Section 1.8. Proxies; Inspectors.
(a) At any meeting of the stockholders, every stockholder entitled to vote may vote in person
or by proxy authorized by an instrument in writing or by a transmission permitted by applicable
law.
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(b) Prior to a meeting of the stockholders of the Corporation, the Corporation shall appoint
one or more inspectors to act at a meeting of stockholders of the Corporation and make a written
report thereof. The Corporation may designate one or more persons as alternate inspectors to
replace any inspector who fails to act. If no inspector or alternate is able to act at a meeting
of stockholders, the person presiding at the meeting may, and to the extent required by applicable
law, shall, appoint one or more inspectors to act at the meeting. Each inspector, before beginning
the discharge of his or her duties, shall take and sign an oath faithfully to execute the duties of
inspector with strict impartiality and according to the best of his or her ability. The inspectors
may appoint or retain other persons or entities to assist the inspectors in the performance of the
duties of inspectors. The inspectors shall have the duties prescribed by applicable law.
Section 1.9. Voting.
Except as otherwise required by applicable law or by the Certificate of Incorporation, all
matters other than the election of directors shall be determined by a majority of the votes cast on
the matter affirmatively or negatively. All elections of directors shall be determined by a
plurality of the votes cast.
Section 1.10. Stock List.
A complete list of stockholders of the Corporation entitled to vote at any meeting of
stockholders of the Corporation, arranged in alphabetical order for each class of stock and showing
the address of each such stockholder and the number of shares registered in the name of such
stockholder, shall be open to the examination of any such stockholder, for any purpose germane to a
meeting of the stockholders of the Corporation, for a period of at least 10 days before the meeting
(i) on a reasonably accessible electronic network, provided that the information required to gain
access to such list is provided with the notice of the meeting or (ii) during ordinary business
hours at the principal place of business of the Corporation; provided, however, if
the record date for determining the stockholders entitled to vote is less than 10 days before the
meeting date, the list shall reflect the stockholders entitled to vote as of the 10th day before
such meeting date.
The stock list shall also be open to the examination of any such stockholder during the entire
meeting. The Corporation may look to this list as the sole evidence of the identity of the
stockholders entitled to vote at a meeting and the number of shares held by each stockholder.
SECTION 2 BOARD OF DIRECTORS
Section 2.1. Number of Directors; Qualifications of Directors.
The number of directors constituting the Board of Directors shall be not fewer than 2 and not
more than 5, each of whom shall be a natural person. The number of directors initially shall be 3.
Subject to the previous sentence and the special right of the holders of any class or series of
stock to elect directors, the precise number of directors shall be fixed from time to time
exclusively by the Board of Directors pursuant to a resolution adopted by a majority of the total
number of directors that the Corporation would have if there were no vacancies. Directors need not
be stockholders to be qualified for election or service as a director of the Corporation.
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Section 2.2. Removal; Resignation.
Any director or the entire Board of Directors may be removed by the holders of a majority of
the shares then entitled to vote at an election of directors. Any director may resign at any time
upon notice given in writing, including by electronic transmission, to the Corporation.
Section 2.3. Regular Meetings.
Regular meetings of the Board of Directors shall be held at the place (if any), on the date
and at the time as shall have been established by the Board of Directors and publicized among all
directors. A notice of a regular meeting, the date of which has been so publicized, shall not be
required.
Section 2.4. Special Meetings.
Special meetings of the Board of Directors may be called by the President or by two or more
directors then in office and shall be held at the place, if any, on the date and at the time as he,
she or they shall fix. Notice of the place, if any, date and time of each special meeting shall be
given to each director either (a) by mailing written notice thereof not fewer than five days before
the meeting, or (b) by telephone, facsimile or electronic transmission providing notice thereof not
fewer than twenty-four hours before the meeting. Unless otherwise stated in the notice thereof,
any and all business may be transacted at a special meeting of the Board of Directors.
Section 2.5. Quorum.
At any meeting of the Board of Directors, a majority of the total number of directors then in
office shall constitute a quorum for all purposes. If a quorum shall fail to attend any meeting, a
majority of those present may adjourn the meeting to another place, if any, date or time, without
further notice or waiver thereof.
Section 2.6. Participation in Meetings By Conference Telephone or Other Communications
Equipment.
Members of the Board of Directors, or of any committee thereof, may participate in a meeting
of the Board of Directors or committee thereof by means of conference telephone or other
communications equipment by means of which all directors participating in the meeting can hear each
other director, and such participation shall constitute presence in person at the meeting.
Section 2.7. Conduct of Business.
At any meeting of the Board of Directors, business shall be transacted in the order and manner
that the Board of Directors may from time to time determine, and all matters shall be determined by
the vote of a majority of the directors present, except as otherwise provided in the Certificate of
Incorporation or these bylaws or required by applicable law. The Board of Directors or any
committee thereof may take action without a meeting if all members thereof consent thereto in
writing or by electronic transmission, and the writing or writings, or electronic
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transmission or electronic transmissions, are filed with the minutes of proceedings of the
Board of Directors or any committee thereof. Such filing shall be in paper form if the minutes are
maintained in paper form and shall be in electronic form if the minutes are maintained in
electronic form.
Section 2.8. Compensation of Directors.
The Board of Directors shall be authorized to fix the compensation of directors. The
directors of the Corporation shall be paid their expenses, if any, of attendance at each meeting of
the Board of Directors and shall be reimbursed a fixed sum for attendance at each meeting of the
Board of Directors, paid an annual retainer or paid other compensation, including equity
compensation, as directors of the Corporation. No such payment shall preclude any director from
serving the Corporation in any other capacity and receiving compensation therefor. Members of
committees shall be paid compensation for attending committee meetings and/or have their expenses,
if any, of attendance of each meeting of such committee reimbursed.
SECTION 3 COMMITTEES
Section 3.1. Committees of the Board of Directors.
The Board of Directors may designate committees of the Board of Directors, with such lawfully
delegable powers and duties as it thereby confers, to serve at the pleasure of the Board of
Directors and shall, for those committees, appoint a director or directors to serve as the member
or members, designating, if it desires, other directors as alternate members who may replace any
absent or disqualified member at any meeting of such committee. In the absence or disqualification
of any member of any committee and any alternate member in his or her place, the member or members
of the committee present at the meeting and not disqualified from voting, whether or not he or she
or they constitute a quorum, may by unanimous vote appoint another member of the Board of Directors
to act at the meeting in the place of the absent or disqualified member.
SECTION 4 OFFICERS
Section 4.1. Generally.
The officers of the Corporation shall consist of a President, one or more Vice Presidents, a
Secretary, a Treasurer and other officers as may from time to time be appointed by the Board of
Directors. Each officer shall hold office until his or her successor is elected and qualified or
until his or her earlier resignation or removal. Any number of offices may be held by the same
person. The salaries of officers appointed by the Board of Directors shall be fixed from time to
time by the Board of Directors or a committee thereof or by the officers as may be designated by
resolution of the Board of Directors.
Section 4.2. President.
Unless otherwise determined by the Board of Directors, the President shall be the Chief
Executive Officer of the Corporation. Subject to the provisions of these bylaws and to the
direction of the Board of Directors, he or she shall have the responsibility for the general
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management and control of the business and affairs of the Corporation and shall perform all
duties and have all powers that are commonly incident to the office of chief executive or which are
delegated to him or her by the Board of Directors. He or she shall have the power to sign all
contracts and other instruments of the Corporation that are authorized and shall have general
supervision and direction of all of the other officers, employees and agents of the Corporation.
Section 4.3. Vice President.
Each Vice President shall have the powers and duties delegated to him or her by the Board of
Directors or the President. One Vice President may be designated by the Board of Directors to
perform the duties and exercise the powers of the President in the event of the Presidents absence
or disability.
Section 4.4. Treasurer.
The Treasurer shall have the responsibility for maintaining the financial records of the
Corporation. He or she shall make such disbursements of the funds of the Corporation as are
authorized and shall render from time to time an account to the Board of Directors of all such
transactions and of the financial condition of the Corporation. The Treasurer shall also perform
other duties as the Board of Directors may from time to time prescribe.
Section 4.5. Secretary.
The Secretary shall issue all authorized notices for, and shall keep minutes of, all meetings
of the stockholders and the Board of Directors. He or she shall have charge of the corporate books
and shall perform other duties as the Board of Directors may from time to time prescribe.
Section 4.6. Delegation of Authority.
The Board of Directors may from time to time delegate the powers or duties of any officer to
any other officer or agent, notwithstanding any provision hereof.
Section 4.7. Removal.
The Board of Directors may remove any officer of the Corporation at any time, with or without
cause.
Section 4.8. Action with Respect to Securities of Other Companies.
Unless otherwise directed by the Board of Directors, the President, or any officer of the
Corporation authorized by the President, shall have power to vote and otherwise act on behalf of
the Corporation, in person or by proxy, at any meeting of stockholders or equityholders of, or with
respect to any action of, stockholders or equityholders of any other entity in which the
Corporation may hold securities and otherwise to exercise any and all rights and powers that the
Corporation may possess by reason of its ownership of securities in such other entity.
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SECTION 5 STOCK
Section 5.1. Certificates of Stock.
Shares of the capital stock of the Corporation shall be uncertificated, as permitted by the
DGCL.
Section 5.2. Transfers of Stock.
Transfers of stock shall be made only upon the transfer books of the Corporation kept at an
office of the Corporation (within or without the State of Delaware) or by transfer agents
designated to transfer shares of the stock of the Corporation.
Section 5.3. Regulations.
The issue, transfer, conversion and registration of shares of stock of the Corporation shall
be governed by other regulations as the Board of Directors may establish.
Section 5.4. Record Date.
(a) In order for the Corporation to determine the stockholders of the Corporation entitled to
notice of any meeting of stockholders of the Corporation, the Board of Directors may, except as
otherwise required by applicable law, fix a record date, which record date shall not precede the
date on which the resolution fixing the record date is adopted and which record date shall not be
more than 60 nor fewer than 10 days before the date of any meeting of stockholders. If the Board
of Directors so fixes a date, such date shall also be the record date for determining the
stockholders entitled to vote at such meeting unless the Board of Directors determines that a later
date on or before the date of the meeting shall be the date for making such determination. If no
record date is fixed by the Board of Directors, the record date for determining stockholders
entitled to notice of and to vote at a meeting of stockholders of the Corporation shall be at the
close of business on the day next preceding the day on which notice is given or, if notice is
waived, at the close of business on the day next preceding the day on which the meeting is held.
(b) A determination of stockholders of record entitled to notice of or to vote at a meeting of
stockholders of the Corporation shall apply to any postponement or adjournment of the meeting,
provided, that the Board of Directors may fix a new record date for determination of the
stockholders entitled to vote at a postponed or adjourned meeting, and in such case shall also fix
the record date of the stockholders entitled to notice of such postponed or adjourned meeting at
the same or on an earlier date as that fixed for determination of the stockholders entitled to vote
at the postponed or adjourned meeting.
SECTION 6 NOTICES
Section 6.1. Notices.
If mailed, notice to a stockholder of the Corporation shall be deemed given when deposited in
the mail, postage prepaid, directed to a stockholder at such stockholders address as
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it appears on the records of the Corporation. Without limiting the manner by which notice
otherwise may be given effectively to stockholders, any notice to stockholders of the Corporation
may be given by electronic transmission in the manner provided in Section 232 of the DGCL.
Section 6.2. Waivers.
A written waiver of any notice, signed by a stockholder or director, or a waiver by electronic
transmission by such person or entity, whether given before or after the time of the event for
which notice is to be given, shall be deemed equivalent to the notice required to be given to such
person or entity. Neither the business nor the purpose of any meeting need be specified in the
waiver. Attendance at any meeting shall constitute waiver of notice except attendance for the sole
purpose of objecting, at the beginning of the meeting, to the transaction of any business because
the meeting is not lawfully called or convened.
SECTION 7 MISCELLANEOUS
Section 7.1. Corporate Seal.
The Board of Directors may provide a suitable seal, containing the name of the Corporation,
which seal shall be in the charge of the Secretary. If and when so directed by the Board of
Directors, duplicates of the seal may be kept and used by the Treasurer or by an Assistant
Secretary or Assistant Treasurer.
Section 7.2. Reliance upon Books, Reports, and Records.
Each director and each member of any committee designated by the Board of Directors of the
Corporation shall, in the performance of his or her duties, be fully protected in relying in good
faith upon the books and records of the Corporation and upon such information, opinions, reports or
statements presented to the Corporation by any of its officers, agents or employees, or committees
of the Board of Directors so designated, or by any other person or entity as to matters that such
director or committee member reasonably believes are within such other persons or entitys
professional or expert competence and that has been selected with reasonable care by or on behalf
of the Corporation.
Section 7.3. Fiscal Year.
The fiscal year of the Corporation shall be as fixed by the Board of Directors.
Section 7.4. Time Periods.
In applying any provision of these bylaws that requires that an act be done or not be done a
specified number of days before an event or that an act be done during a specified number of days
before an event, calendar days shall be used, the day of the doing of the act shall be excluded,
and the day of the event shall be included.
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SECTION 8 AMENDMENTS
These bylaws may be altered, amended or repealed in accordance with the Certificate of
Incorporation.
SECTION 9 INDEMNIFICATION AND ADVANCEMENT OF EXPENSES
Section 9.1. Indemnification and Advancement of Expenses.
The Corporation shall indemnify and advance expenses to, and hold harmless, to the fullest
extent permitted by applicable law as it presently exists or may hereafter be amended, any person
(an Indemnitee) who was or is made, or is threatened to be made, a party or is otherwise
involved in any action, suit or proceeding, whether civil, criminal, administrative or
investigative (a Proceeding), by reason of the fact that he or she, or a person for whom
he or she is the legal representative, is or was a director or an officer of the Corporation or,
while a director or an officer of the Corporation, is or was serving at the request of the
Corporation as a director, officer, employee, member, trustee or agent of another corporation or of
a partnership, joint venture, trust, nonprofit entity or other enterprise (including, but not
limited to, service with respect to employee benefit plans), against all liability and loss
suffered (including, but not limited to, expenses (including, but not limited to, attorneys fees
and expenses), judgments, fines and amounts paid in settlement and reasonably incurred by such
Indemnitee). Notwithstanding the preceding sentence, the Corporation shall be required to
indemnify, or advance expenses to, an Indemnitee in connection with a Proceeding (or part thereof)
commenced by such Indemnitee only if the commencement of such Proceeding (or part thereof) by the
Indemnitee was authorized by the Board of Directors of the Corporation or the Proceeding (or part
thereof) relates to the enforcement of the Corporations obligations under this Section 9.1.
Section 9.2. Insurance.
The Corporation shall purchase and maintain insurance on behalf of any person who is or was a
director, officer, trustee, employee or agent of the Corporation, or was serving at the request of
the Corporation as a director, officer, trustee, employee or agent of another corporation,
partnership, joint venture, trust, non-profit entity or other enterprise (including, but not
limited to, service with respect to employee benefit plans), against any liability asserted against
the person and incurred by the person in any such capacity, or arising out of his or her status as
such, whether or not the Corporation would have the power or the obligation to indemnify such
person against such liability under the provisions of this Section 9.
Section 9.3. Non-Exclusivity of Rights.
The indemnification provided by this Section 9 is not exclusive of other indemnification
rights arising under any bylaw, agreement, vote of directors or stockholders or otherwise, and
shall inure to the benefit of the heirs and legal representatives of such Indemnitee.
Section 9.4. Fulfillment of Standard of Conduct.
Any Indemnitee shall be deemed to have met the standard of conduct required for such
indemnification unless the contrary has been established by a final, non-appealable judgment by a
court of competent jurisdiction.
Section 9.5. Indemnification Priority.
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As between the Corporation and affiliates of the Corporation (other than its direct or
indirect subsidiaries) who provide indemnification to the Indemnitees for their service to, or on
behalf of, the Corporation (collectively, the Affiliates Indemnitors) (i) the Corporation
is the indemnitor of first resort with respect to all claims indemnifiable pursuant to Section 9.1
against any such Indemnitee (i.e., the Corporations obligations to such Indemnitees are primary
and any obligation of any Affiliate Indemnitor to advance expenses or to provide indemnification
for the same loss or liability incurred by such Indemnitees is secondary), (ii) the Corporation
shall be required to advance the full amount of expenses incurred by any such Indemnitee and shall
be liable for the full amount of all liability and loss suffered by such Indemnitee (including, but
not limited to, expenses (including, but not limited to, attorneys fees and expenses), judgments,
fines and amounts paid in settlement and reasonably incurred by such Indemnitee), without regard to
any rights any such Indemnitee may have against any Affiliate Indemnitor, and (iii) the Corporation
irrevocably waives, relinquishes and releases each Affiliate Indemnitor from any and all claims
against such Affiliate Indemnitor for contribution, subrogation or any other recovery of any kind
in respect thereof. The Corporation shall indemnify each Affiliate Indemnitor directly for any
amounts that such Affiliate Indemnitor pays as indemnification or advancement on behalf of any such
Indemnitee and for which such Indemnitee may be entitled to indemnification from the Corporation
pursuant to Section 9.1. No advancement or payment by any Affiliate Indemnitor on behalf of any
such Indemnitee with respect to any claim for which such Indemnitee has sought indemnification from
the Corporation shall affect the foregoing and the Affiliate Indemnitors shall be subrogated to the
extent of such advancement or payment to all of the rights of recovery of such Indemnitee against
the Corporation.
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