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b\l\ may ~ h.tki at the \lUH:' and phl,:-e of th~ ilnnu.llll~tll\jo( if !;\I,'h iI!Hltl;)1 tllc-~lill)t l~ III he h~ld within
6l) days after lil!(h ,"ltiitivn~l ,ol'lij>( I I i<:h l16 ~~H 1* 'tited lil l'nden.....d StOli.k II :!\.H:h 1Il('1:'t1"l't :dHall nut
bf. c~lltod by lh~ l"'-'l"':r \.imC\'r of ,he UJl ~....!..llul\ lJ.'> r\"qu.rttl within ~O d,l)':' ...!llef ~"'I1,vlhll >,u ",\"t' o{ tilt,
~id wrltteil r...'l\l~ upon the 5t.>i:r\'!<try 01 the l'"p\.lTiltlon, (.t "lthlll :::0 d..;. s aftef n\illh\lt! Ih~ ).<j1J\(,
....;!hin tht' UrHh..o S\"tl'~ of AIliNll'" hy HO~hlt'rhj l.lail ..d,lr.-'>K'Xl tu ihe ~iHld;n>, of ILl' ,00P,:fdl1on at
its pr\ndp411 ofl\c'C lSUc\t madll\i to be ev.del\c,-.J hr \h~ 1"t.tLQry n"~'llJt 1,,111,,1 by ttw iO\,...L.! ,wllt"l ol1\''').
lh~n thoe hQld.,.., (If l'1:"''<JIV ~,f at I\'...~t h"iI !",'ru:nt (lO',{) of the 111tal lluII11>t.r ur !>han-lI tlf Pl('I~IINI S\ll(k
tlwn ouUI&odill~ rl\&)' de~ui~te Hi .....rll.lli-t one of their !ll.llll!)(.r '" (',.11 ..lll"h Im,"t'Il11j,j. allll ~ud\ nl~lIn~
nlAj' bt- (,i'1I~ by louch P<'I'$OI\ d~I)(I1<l\{'d lii,>on the n,.I;r'" !'l".qulft......1 [>lr ..IlIl\Hll n\(("tllig~ of ..t,....,d.olrkrs
Ilnd ~han b;,> held at th.: plilC't' Jlt whlrh th~ !ll..t \'1''''('(''I:.i'l\;;: anfiual mt...t!l\~ of Ih.. lot<1ckhnldt'f' 1'{ Ihl' co\,.
por..tlofl WI\.'I hvld Ail>' holder Df Prdl'llt><! S:v:k ~ d~Ii(I\;)ll.d r.hal\ h'I\'~ IK(~"'-" to tlH' ,t.)o,.-k Ii'....k$ of
th~ l")fJ.X\TiltlOl\ for tht" PUfiXJM' oi caUSlli~ a m~lm~ of ~lL",kh{)ld('rs to l~ n:lllf'd f'ur:>u..ill to thl'''('' Pl\)'
vbiOiU.
At any meetIng ~ (..\It'd b)' th... hoh.l'.'f;i oi Prdelre.j S\i.xi; ...1111 at any "lIwr lIIi,~tll\b of 'Ilockhuldns
h~lti fur \hl.' V\.ifp~~ of el~tll\K dln'dl'f'i lit Whll'h Ih~ hold!'(", of Prdl.'1 i I,d St'Kk !'h;tl! ha\"<' lnl' f'n:.ht,
votll.1i ~~p..ril:dy o.Il\d 4U ii da.~~, to dl'cl dl!N.tms .,,, pro\'.deJ in thl' S..e11011 "Ib) ..r Pilll :\, tIn- pn"'"M'nce
In p~f1.(.'1\ or by prL)XY uf (ll\t'.thlnl ..f the oubtilodi11tt ~h,H't"S Hi Pr~it'rrl'\.i Sw<.:l< ..h'ill I.>t' h''1IlIn....:i to
<<ll\..\tltute a qUiJfllm of such daM fllr tht' dti'\:1I0ll of .an}' du,-.<:tor by the hvldn~ ol Prd~'i"f\:d StC>CK Yt."t,
ing IU R d&M.e-
If i.n ..ny !\uch Ilwctmg or &dJoUrlH1wnt thN(,('f. a quorum oj Prt'fi"fred ~ltKk !\hali pot lJ<<.' l-'ft,'~'nt,
no election 0: th<:' dltt'clol""'!l r-hall ti.lkl: iJial'...... and tht' nlt.'CtHI~ l>hall be ilUJ'JUfill:d from time to till\(' ft)t
~ric;(h not ex(~'dmt: 30 daY5 until ~ quotum of Prefl>tH.'<.1 Stock is pr-ewnt &1\ t,uch ..dj;nHIlt'''!Ilit:-etmt{,
~ term u! uilici.t "j ..\1 director" III ,-i1iu:' at ull]' tllnc when df'!..ult \'Ot\l1g powu !\hall. as pi"oVldt'd
1:1 this &cllOll 6(0) of PioIll A, hC~"'}IlI"" ve,tt'd in Prck'nt'{! Siock shall ~t'lf\\lniltl: upon the t.ke-Hun vf <'lll}'
new dlrt'Clors at ilny IlH.'-clmlol of ~.Iockholdt.'rs o\led for the PUtp(.>s{! of (:.!t'nmlot dlr('-don Up<"Hl Ilny tN-
min..tion of Ihe right d Iho:- holdt'Pl <.>l I'rt'il'fH>d Stock to vote (,,!t dltt:ct..rs as n c\....ji., >is ht:ft'lll'ln lh;..
Section t.3(b) of Pan A provided, th.- ll'fln of office of all dlH~('tors th~l\ in ofhnt !lhall tNn\t1wlc \.l1!\.Jll the
ele<t1on of any (;('W dUt.'ctor tit R Il!f'l'lllll: of tht' dd~ r;f cln~('~ of :;tock of Ill(' C"orporilllon Ihcn ('t;tltlNl
to \'ot~ {llT dln.">('!ors, whirh nl,.(:tinjOt may l'Jo(' Ld<l at any Utili;' aiti:-r !ouch tt'nnUlllhon ".f !>uch ddault \'fJtmg
nght of tht' Prde'rfcd ~(od(, unci ~hfll! \><;: (ilJlc.d by tilt' SCUC:'lilry of 11\l' (oq"n"lwn \:pon wnW:" I\'que"t
of th~ holders of H'COr\\ of at k;l.s1 (en l",'(c('nl (lO';) of t}1{> ..~l!tli'i\il!~' (;\llnkl of oUb\..mdlng 5h,ut's of
such dass ur d.l...~s lIf !it<.A:k. tht'n cntll!ft\ to vute ior tluc-ct(}f1;,
(c) So !<Jllg a." any ~h.JH'''' of I'lden"d Stf>ck Me olltstandmg, Iii., cOlf",r"tH'1I shaH nt,l, "'''lthout tiw
con.~nt of trw h()!dN~ uf ilt i~'l,t two,lillld$ of Ill!' "lItnl~r of Shillb .,.f Pn.'lefl't;,i Stock ..t II\(' tllBt.: out.
~tand;['i, ~i....en II) j,-erson "f by pruxy. cith(<l" in writon)t or by vole M ;, nF'clili>! callNl for tlW purpo;;~.
(I) arnt'nd, ,dter or fe~allll1Y of the pro...,::;tl>j,,, of lhl'> i\rt:d~ IV !>() a~ 10 ,tlk{:\ advN...dy tlli' right'!,
powen OT prdt>(TIlC{'S pf th(' Prderrt-d SloeI-. Vf of!he holdt.'N thert'Of; or
(II) Cft'i!ie or authorizc< UilY addl!lonai \ li,~ of 'lock !'"IIK!f,g l,ri'lf to or un <l panty wllh Prt'inr1.'d
Stock III It:Sj:..,.,:t d dl....idt'i':lh or c!."tnbutloli {If asset'! on Hqllld,lllOn. (,r inct{,ii3-e Ihl.' lil1thofllN
amQunt of Preferr~J Stock Of lillY ..dd!tl(mal cia" of ~tock filnlung pt.,'f to or on il f>aflty wilh Pn-.
lerfl-.:i St.xk in rc~ped of dividr.ml" \Jr Jl~I(lLutlon f>f M~etlJ on l:quidiltlOll, or ('reatt. Of authO!'1C!
i.\ny obligalli)1I I.r ~l,(:lIr\ty COI)\'crtlb!(' ilito shar~ of "lo.;:k of iHi)' dUll.'; nlnking prior to or on It
I",ntji w,lh Prdt..rt(>Q SltXk In r"t':;IJ<~(t uf dlvid~nd;; ur dL~tflblllion of aHeL.. on liqUld~tiOn; Of
(iii) M'II, lea.>;f~, tfilmfer or con\t'y illL or !\lJlhldnllally aU. of IL, prof--erty or hllSln~:$'~1 or ~e1L k.. a..w ,
trnJ1:1rrer or conve}' all. or fin)' &uh!;tilntlal p<nL of lhe ~al> g..t~H'r;nj{ ~~d.'i un:"!j.,, Ihe provl:.iofl!l of
S\Oction 11 (a) of tins Part A h....'e beeli or WI\! be ('ompiled '.\iilh find unIte:.:;. pt,r,uant tt) such dls-
poo..UOfl, the corporalion !'>hall receIVE' in cil.!;h or l:\Mct.. n:udily coa\'l!rtjhl~ mtn ca"h <(, !lUlll ilt lc~..1
E,<!uai to tlH:' I1Umht'f of ~haH'S (.! P(....fernxl Stu:'k ()uhtandlng al thr. Inn~ of ~w~h JI~p'''''~lliCJI1 multi-
phed by th{' ~!rodu(;t o! $150 iJnd the r<l.1mtx-r of full c"h:ndiif )'leal'S r~m..lO!ng !:,,'lwt'i:n tflt' datt: ",i
such dispoz;!i!on and Janu-'lry 1. 1987; Qf
(IV) lll~r~.! or eonsolldgte wllh Un) (jth(,( (Olpollitwn unles:i (A) the u.rpi)r,jll!ln ~tlHlll~ tht> sunil\'-
ing {'(,qi<')r~tl0n, (H) thi.> corpor..tlc,n ~~,H'h(i\\;, ultl'r such lI1~rger or ClHl.SO!,d..liV:l no cia", d !:otl),:k
authf)ritN or oU1J;t,l.mdll\~, run",ifl~ f'Clur II) 0; .,n li P;ifity WIth Ih~' f'rf.'f,,'lfe.d St1xk, Ie) ('<.lcl. hold'~f
of Prt'it'Hl"ii S:o{'!t jmm~:1!jllt'ly pre('f',dtl1~ !lUff. me.get or c"l:ln~oLdatio!\ ~,h~!1 H'.;-ell/E' In (onn('<e!iop
With such m"r~~r or ci)ll-~lidaHl)n \he- !ill.me l\umb~.'r d ~hare". With the ~rn~ tlghl~ ilnd prl'fl'fi'n('C'j'o,
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