AIR METHODS CORPORATION

                                     Bylaws

                       (As Amended Through June 23, 2006)

 

                                    ARTICLE I

 

                                     OFFICES

 

          The  registered  office of Air Methods Corporation (the "Corporation")

in  the  State  of  Delaware  shall  be in the City of Wilmington, County of New

Castle,  State  of  Delaware.  The  Corporation shall have offices at such other

places as the Board of Directors may from time to time determine.

 

 

                                   ARTICLE II

 

                                  STOCKHOLDERS

 

Section 1.     Annual Meetings.

               ---------------

 

          The  annual  meeting of the stockholders for the election of Directors

and  for  the transaction of such other business as may properly come before the

meeting  shall  be  held  on such date as the Board of Directors shall each year

fix.  Each  such  annual  meeting shall be held at such place, within or without

the  State  of  Delaware,  and  hour  as  shall  be  determined  by the Board of

Directors.  The day, place and hour of each annual meeting shall be specified in

the  notice  of  such annual meeting.  Any annual meeting of stockholders may be

adjourned  from time to time and place to place until its business is completed.

 

Section 2.     Business Conducted at Meetings.

 

          At  an annual meeting of the stockholders, only such business shall be

conducted  as  shall  have  been  properly  brought  before  the meeting.  To be

properly brought before an annual meeting, business must be (a) specified in the

notice  of  meeting  (or any supplement thereto) given by or at the direction of

the  Board of Directors, (b) otherwise properly brought before the meeting by or

at  the  direction  of the Board of Directors, or (c) otherwise properly brought

before the meeting by a stockholder.  For business to be properly brought before

an  annual  meeting  by  a  stockholder,  the stockholder must have given timely

notice  thereof in writing to the Secretary of the Corporation.  To be timely, a

stockholder's  notice  must  be  delivered  to  or  mailed  and  received at the

principal executive  offices  of  the Corporation, not less than sixty days nor

more than ninety days prior to the meeting; provided, however, that in the event

that  less  than  seventy days' notice or prior public disclosure of the date of

the  meeting  is  given or made to stockholders, notice by the stockholder to be

timely must be so received not later than the close of business on the tenth day

following  the  date  on which such notice of the date of the annual meeting was

mailed  or  such  public  disclosure  was  made.  A stockholder's notice to the

Secretary shall set forth as to each matter the stockholder proposes to bring before the

annual meeting (a) a  brief description of the business desired to be brought

before the  annual  meeting, (b)  the  name and address, as they appear on the

Corporation's books, of the stockholder proposing such business, (c) the class

and  number  of  shares of  the Corporation which are beneficially owned by the

stockholder, and (d) any material interest of the stockholder in such business.

Notwithstanding anything in the Bylaws to the contrary, no business shall be

conducted  at  an  annual  meeting except in accordance with the procedures set

forth  in this Section 2.  The presiding officer of an annual meeting shall, if

the  facts  warrant,  determine and declare to the meeting that business was not

properly  brought  before the  meeting and in accordance with the provisions of

this  Section  2,  and  if he should so determine, he shall so declare to the

meeting and any such business not properly brought before the meeting shall not

be  transacted.

 

Section 3.     Special Meetings.

               ----------------

 

          Except  as  otherwise required by law and subject to the rights of the

holders  of  any  class  or  series of stock having a preference over the Common

Stock  as  to  dividends or on liquidation, special meetings of the stockholders

may  be  called  only  by the Chairman, Chief Executive Officer, or the Board of

Directors pursuant to a resolution approved by a majority of the entire Board of

Directors.  The term "entire Board of Directors", as used in these Bylaws, means

the  total number of Directors which the Corporation would have if there were no

vacancies.

 

Section 4.     Stockholder Action: How Taken.

               -----------------------------

 

          Any  action  required  or permitted to be taken by the stockholders of

the  Corporation  must be effected at a duly called annual or special meeting of

such  holders  and  may  not  be  effected  by  any  consent  in writing by such

stockholders.

 

Section 5.     Notice of Meeting.

               -----------------

 

          Written notice stating the place, date and hour of the meeting and, in

case  of  a  special  meeting,  the purpose or purposes for which the meeting is

called,  shall  be  given  not less than ten nor more than sixty days before the

date  of the meeting, except as otherwise required by statute or the Certificate

of  Incorporation,  either  personally  or  by  mail,  prepaid  telegram, telex,

cablegram,  or radiogram, to each stockholder of record entitled to vote at such

meeting.  If  mailed,  such notice shall be deemed to be given when deposited in

the  United  States  mail,  postage prepaid, addressed to the stockholder at his

address  as  it  appears  on  the  stock  records  of the Corporation.  If given

personally  or  otherwise  than by mail, such notice shall be deemed to be given

when  either handed to the stockholder or delivered to the stockholder's address

as it appears on the stock records of the Corporation.

 

Section 6.     Waiver.

               ------

 

          Attendance of a stockholder of the Corporation, either in person or by

proxy,  at  any meeting, whether annual or special, shall constitute a waiver of

notice  of  such  meeting,  except where a stockholder attends a meeting for the

express  purpose  of  objecting,  at  the

beginning of the meeting, to the transaction of any business because the meeting

is  not  lawfully  called  or  convened.  A written waiver of notice of any such

meeting signed by a stockholder or stockholders entitled to such notice, whether

before,  at  or  after  the time for notice or the time of the meeting, shall be

equivalent to notice.  Neither the business to be transacted at, nor the purpose

of, any meeting need be specified in any written waiver of notice.

 

Section 7.     Voting List.

               -----------

 

          The  Secretary  shall prepare and make, at least ten days before every

meeting of stockholders, a complete list of the stockholders entitled to vote at

the  meeting,  arranged  in  alphabetical  order and showing the address and the

number of shares registered in the name of each stockholder.  Such list shall be

open  to  the  examination  of  any  stockholder  for any purpose germane to the

meeting, during ordinary business hours, for a period of at least ten days prior

to  the  meeting,  either  at a place within the city where the meeting is to be

held, which place shall be specified in the notice of the meeting, or, if not so

specified,  at  the  place  where  the meeting is to be held.  The list shall be

produced  and kept at the place of the meeting during the whole time thereof and

may be inspected by any stockholder who is present.

 

Section 8.     Quorum.

               ------

 

          Except  as otherwise required by law, the Certificate of Incorporation

or  these  Bylaws, the holders of not less than one-third of the shares entitled

to vote at any meeting of the stockholders, present in person or by proxy, shall

constitute  a  quorum.  All  elections shall be determined by a plurality of the

votes  cast and, except as otherwise required by law, all other matters shall be

determined  by  a  majority of the votes cast affirmatively or negatively.  If a

quorum shall fail to attend any meeting, the chairman of the meeting may adjourn

the  meeting  to  another  place,  date  or  time.

 

          If  a  notice of any adjourned special meeting of stockholders is sent

to  all stockholders entitled to vote thereat, stating that it will be held with

those  present constituting a quorum, then, except as otherwise required by law,

those  present  at  such  adjourned  meeting  shall constitute a quorum, and all

matters shall be determined by a majority of voters cast at such meeting.

 

Section 9.     Qualification of Voters.

               -----------------------

 

          The  Board  of  Directors may fix, in advance, a day and hour not more

than sixty nor less than ten days prior to the day of holding any meeting of the

stockholders  as the time as of which the stockholders entitled to notice of and

to  vote  at  such  meeting  shall  be  determined.  Only those persons who were

holders  of  record  of voting stock at such time shall be entitled to notice of

and  to  vote  at  such  meeting.

 

Section 10.     Procedure.

                ---------

 

          The  order  of  business  and  all other matters of procedure at every

meeting of the stockholders may be determined by the presiding officer.

 

                                   ARTICLE III

 

                                    DIRECTORS

 

Section 1.     Number, Election, and Terms.

               ---------------------------

 

          Except  as otherwise fixed pursuant to the provisions of Article IV of

the  Certificate  of  Incorporation relating to the rights of the holders of any

class  or  series  of  stock  having  a  preference  over the Common Stock as to

dividends  or  upon  liquidation  to  elect additional directors under specified

circumstances,  the  number of Directors shall be fixed from time to time by the

Board  of Directors but shall not be less than three.  The Directors, other than

those who may be elected by the holders of any class or series of stock having a

preference  over  the Common Stock as to dividends or upon liquidation, shall be

classified  with  respect to the time for which they severally hold office, into

three classes, as nearly equal in number as possible, as determined by the Board

of Directors, Class I to hold office initially for a term expiring at the annual

meeting  of stockholders to be held during the fiscal year ending in 1988, Class

II  to  hold  office  initially  for  a  term  expiring at the annual meeting of

stockholders  to be held during the fiscal year ending in 1989, and Class III to

hold  office initially for a term expiring at the annual meeting of stockholders

to be held during the fiscal year ending in 1990, with the members of each class

to hold office until their successors are elected and qualified.  At each annual

meeting  of  stockholders,  the  successors of the class of Directors whose term

expires  at  that meeting shall be elected to hold office for a term expiring at

the  annual meeting of stockholders held in the third year following the year of

their  election.

 

          Subject  to  the  rights  of  holders  of any class or series of stock

having  a  preference over the Common Stock as to dividends or upon liquidation,

nominations  for the election of Directors may be made by the Board of Directors

or  a  committee  appointed  by  the  Board  of  Directors or by any stockholder

entitled  to  vote  in  the  election  of  Directors  generally.  However,  any

stockholder entitled to vote in the election of Directors generally may nominate

one  or  more  persons  for  election  as Directors at a meeting only if written

notice  of  such stockholder's intent to make such nomination or nominations has

been  given,  either  by  personal  delivery  or  by United States mail, postage

prepaid,  to the Secretary of the Corporation not later than (i) with respect to

an  election  to be held at an annual meeting of stockholders, ninety days prior

to  the  anniversary  date of the immediately preceding annual meeting, and (ii)

with  respect to an election to be held at a special meeting of stockholders for

the  election of Directors, the close of business on the tenth day following the

date  on  which notice of such meeting is first given to stockholders. Each such

notice  shall set forth: (a) the name and address of the stockholder who intends

to  make  the  nomination  and  of  the  person  or persons to be nominated; (b)

representation  that  the  stockholder  is  a  holder  of record of stock of the

Corporation  entitled to vote at such meeting and intends to appear in person or

by  proxy  at  the  meeting  to  nominate the person or persons specified in the

notice;  (c)  a  description  of  all arrangements or understandings between the

stockholder and each nominee and any other person or persons (naming such person

or  persons)  pursuant  to which the nomination or nominations are to be made by

the  stockholder;  (d) such other information regarding each nominee proposed by

such  stockholder  as  would  be  required  to  be  included  in  a

proxy statement filed pursuant to the proxy rules of the Securities and Exchange

Commission;  and  (e)  the consent of each nominee to serve as a Director of the

Corporation  if  so elected.  The presiding officer of the meeting may refuse to

acknowledge  the  nomination  of  any  person  not  made  in compliance with the

foregoing  procedure.

 

Section 2.     Newly Created Directorships and Vacancies.

               -----------------------------------------

 

          Except  as otherwise fixed pursuant to the provisions of Article IV of

the  Certificate  of  Incorporation relating to the rights of the holders of any

class  or  series  of  stock  having  a  preference  over the Common Stock as to

dividends  or upon liquidation to elect Directors under specified circumstances,

newly  created  directorships  resulting  from  any  increase  in  the number of

Directors  and  any  vacancies  on  the Board of Directors resulting from death,

resignation,  disqualification, removal or other cause shall be filled solely by

the  affirmative  vote  of a majority of the remaining Directors then in office,

even  though less than a quorum of the Board of Directors.  Any Director elected

in accordance with the preceding sentence shall hold office for the remainder of

the  full  term  of  the  class  of  Directors in which the new directorship was

created  or  the vacancy occurred and until such Director's successor shall have

been elected and qualified.  No decrease in the number of Directors constituting

the  Board  of  Directors  shall  shorten  the  term  of any incumbent Director.

 

Section 3.     Removal.

               -------

 

          Subject  to  the  rights  of  any  class  or  series of stock having a

preference  over  the  Common Stock as to dividends or upon liquidation to elect

Directors under specified circumstances, any Director may be removed from office

without  cause,  only  by  the  affirmative  vote  of  the holders of 80% of the

combined  voting  power of the then outstanding shares of stock entitled to vote

generally  in  the  election  of  Directors,  voting together as a single class.

 

Section 4.     Regular Meetings.

               ----------------

 

          Regular meetings of the Board of Directors shall be held at such times

and places as the Board of Directors may from time to time determine.

 

Section 5.     Special Meetings.

               ----------------

 

          Special  meetings of the Board of Directors may be called at any time,

at any place and for any purpose by the Chairman, Chief Executive Officer, or by

any  officer  of  the  Corporation  upon the request of a majority of the entire

Board  of  Directors.

 

Section 6.     Notice of Meetings.

               ------------------

 

          Notice  of  regular  meetings  of  the  Board of Directors need not be

given.

 

          Notice  of  every  special  meeting of the Board of Directors shall be

given  to  each Director at his usual place of business or at such other address

as  shall  have  been  furnished  by him for such purpose.  Such notice shall be

properly  and  timely  given  if  it  is  (a)  deposited  in  the

United States mail not later than the seventh calendar day preceding the date of

the  meeting,  or (b) personally delivered, mailed, telegraphed, or communicated

by  telephone  at  least forty-eight hours before the time of the meeting.  Such

notice  need not include a statement of the business to be transacted at, or the

purpose  of,  any  such  meeting.

 

Section 7.     Waiver.

               ------

 

          Attendance  of a Director at a meeting of the Board of Directors shall

constitute a waiver of notice of such meeting, except where a Director attends a

meeting  for  the express purpose of objecting, at the beginning of the meeting,

to the transaction of any business because the meeting is not lawfully called or

convened.  A written waiver of notice signed by a Director or Directors entitled

to  such notice, whether before, at, or after the time for notice or the time of

the meeting, shall be equivalent to the giving of such notice.

 

Section 8.     Quorum.

               ------

 

          Except  as  may  be  otherwise provided by law or in these Bylaws, the

presence  of  a majority of the entire Board of Directors shall be necessary and

sufficient to constitute a quorum for the transaction of business at any meeting

of  the  Board  of  Directors, and the act of a majority of such quorum shall be

deemed  the  act  of the Board of Directors.  Less than a quorum may adjourn any

meeting  of  the  Board  of  Directors  from  time  to  time  without  notice.

 

Section 9.     Chairman of the Board and Vice Chairman of the Board.

               ----------------------------------------------------

 

          The Board of Directors may elect or appoint, from among the members of

the  Board,  a  Chairman  of  the  Board  and a Vice Chairman of the Board.  The

Chairman  of  the  Board shall preside at all meetings of the Board of Directors

and  the  stockholders  at  which he is present.  The Vice Chairman of the Board

shall  preside  at  meetings of the directors and stockholders in the absence of

the  Chairman  of the Board.  The Chairman of the Board and the Vice Chairman of

the  Board  shall  have  such duties, powers and authority as may be assigned to

them from time to time by the Board of Directors.  The Chairman of the Board and

the  Vice Chairman of the Board shall hold such positions at the pleasure of the

Board of Directors and may be removed at any time by the Board of Directors with

or  without  cause.

 

Section 10.     Participation in Meetings By Telephone.

                --------------------------------------

 

          Members  of  the  Board of Directors, or of any committee thereof, may

participate  in  a  meeting  of  such  Board or committee by means of conference

telephone  or  similar  communications  equipment  by means of which all persons

participating  in  the meeting can hear each other and, such participation shall

constitute  presence  in  person  at  such  meeting.

 

Section 11.     Powers.

                ------

 

          The business, property and affairs of the Corporation shall be managed

by  or  under  the direction of its Board of Directors, which shall have and may

exercise all the powers of the Corporation to do all such lawful acts and things

as  are  not  by  law,  or  by  the  Certificate  of

Incorporation,  or by these Bylaws, directed or required to be exercised or done

by  the  stockholders.

 

Section 12.     Compensation of Directors.

                -------------------------

 

          Directors  shall receive such compensation for their services as shall

be  determined  by  a  majority  of the entire Board of Directors, provided that

Directors  who  are  serving  the  Corporation  as officers or employees and who

receive  compensation for their services as such officers or employees shall not

receive any salary or other compensation for their services as Directors.

 

Section 13.     Action Without a Meeting.

                ------------------------

 

          Unless  otherwise  restricted  by  the Certificate of Incorporation or

these Bylaws, any action required or permitted to be taken at any meeting of the

Board  of  Directors  or any committee thereof may be taken without a meeting if

written consent thereto is signed by all members of the Board of Directors or of

such  committee,  as the case may be, and such written consent is filed with the

minutes of proceedings of the Board of committee.

 

 

                                   ARTICLE IV

 

                                   COMMITTEES

 

          The  Board  of Directors may, by resolution adopted by a majority vote

of  the  entire Board of Directors, designate one or more committees as provided

by  law.  Any  such  committee or committees shall have and may exercise all the

powers  and  authority  set  forth in the resolution designating such committee,

except  as  provided by law, the Certificate of Incorporation, and these Bylaws.

 

 

                                    ARTICLE V

 

                                    OFFICERS

 

Section 1.     Officers Established.

               --------------------

 

          Except  as  provided  otherwise in this Article V, the officers of the

Corporation  shall  be  appointed  or  elected  by  the Board of Directors.  The

officers  shall  be  Chief  Executive  Officer,  Chief  Operating Officer, Chief

Financial  Officer,  such  number of Vice Presidents (who may be designated Vice

Presidents, Senior Vice Presidents or Executive Vice Presidents) as the Board of

Directors  may  from  time  to time determine, a Secretary and a Treasurer.  The

Board  of Directors may appoint such other officers or assistant officers as the

Board  shall  deem  appropriate,  or  delegate to any officer of the Corporation

authority  to appoint such other officers or assistant officers.  Any person may

hold  two  or  more  offices  at  the  same  time.  The  officers

need  not  be  members  of the Board.  The election or appointment of an officer

shall  not  create  any  contract  of  employment.

 

Section 2.     Terms of Office.

               ---------------

 

          All officers, agents and employees of the Corporation shall hold their

respective  offices  or  positions at the pleasure of the Board of Directors and

may  be  removed  at  any  time by the Board of Directors with or without cause.

 

Section 3.     Chief Executive Officer.

               -----------------------

 

          The  Chief  Executive Officer shall be the principal executive officer

of  the  Corporation  and,  subject to the direction and control of the Board of

Directors,  shall  have primary responsibility for the overall management of the

business of the Corporation.  The Chief Executive Officer may execute contracts,

deeds  and  other instruments on behalf of the Corporation.  The Chief Executive

Officer  shall  have  full  authority on behalf of the Corporation to attend any

meeting,  give  any  waiver,  cast any vote, grant any discretionary or directed

proxy  to any person, and exercise any other rights of ownership with respect to

any  shares  of  capital  stock  or other securities held by the Corporation and

issued  by  any  other  corporation  or with respect to any partnership, limited

liability  company,  trust  or similar interest held by the Corporation.  In the

absence  of  the  Chairman  and  Vice Chairman of the Board, the Chief Executive

Officer  shall  preside  at  meetings  of  the  Board  of  Directors  and  the

stockholders.  The Chief Executive Officer shall have such additional authority,

powers and duties as are usually vested in the office of Chief Executive Officer

and as the Board of Directors may prescribe from time to time.

 

Section 4.     Chief Operating Officer.

               -----------------------

 

          Subject to the direction and control of the Board of Directors and the

Chief  Executive  Officer,  the  Chief  Operating  Officer  shall  have  primary

responsibility  for  the  overall operation and the day-to-day management of the

business  of the Corporation.  In the absence or of the Chief Executive Officer,

the  Chief  Operating Officer shall assume and discharge the responsibilities of

that office.  He shall have such additional authority, powers, and duties as are

usually  vested  in  the  office  of Chief Operating Officer and as the Board of

Directors  may  prescribe  from  time  to  time.

 

Section 5.     Chief Financial Officer.

               -----------------------

 

          Subject  to  the  discretion  and  control  of the Board and the Chief

Executive Officer, the Chief Financial Officer shall have primary responsibility

for management of the financial affairs of the Corporation and have oversight of

the  Corporation's  financial  records and its financial reports to stockholders

and  to  regulatory  agencies.  The  Chief  Financial  Officer  shall  have such

additional  authority,  powers and duties as are usually vested in the office of

Chief Financial Officer and as the Board of Directors may prescribe from time to

time.

 

                                     

Section 6.     Vice Presidents.

               ---------------

 

          Subject  to  the  direction and control of the Chief Executive Officer

and  Chief Operating Officer, each Vice President shall have such responsibility

as  may  be  prescribed  from  time  to time by the Board of Directors or by the

officer  appointing such Vice President in accordance with this Article V.  Vice

Presidents may be designated and elected or appointed as follows:

 

     Senior  Vice Presidents.  Senior Vice Presidents, if any, may be elected or

     -----------------------

     appointed  by  the Board of Directors. Subject to the direction and control

     of  the  Chief  Executive  Officer and Chief Operating Officer, each Senior

     vice  President  shall  have  primary  responsibility for management of the

     operation  of  a  principal  business  unit,  division  or  function of the

     Corporation, which may be identified in the title of such officer. A Senior

     Vice  President  shall have such additional authority, powers and duties as

     the Board of Directors may prescribe from time to time.

 

     Executive  Vice  Presidents.  Executive  Vice  Presidents,  if  any, may be

     ---------------------------

     elected  or  appointed  by  the Board, the Chief Executive Officer or Chief

     Operating  Officer.  Subject  to  the  direction  and  control of the Chief

     Executive  Officer  and  Chief  Operating  Officer,  each  Executive  Vice

     President  shall  have such management responsibilities with respect to the

     Corporation's  business as the Board of Directors or the officer appointing

     such person shall prescribe from time to time.

 

     Vice  Presidents.  Vice  Presidents, if any, may be elected or appointed by

     ----------------

     the  Board, the Chief Executive Officer or Chief Operating Officer. Subject

     to  the  direction  and  control  of  the Chief Executive Officer and Chief

     Operating  Officer, each Vice President shall have such responsibilities as

     the  Board  of  Directors  or  the  officer  appointing  such  person shall

     prescribe  from  time  to  time.

 

Section 7.     Secretary.

               ---------

 

          The  Secretary  shall  give notice of all meetings of the stockholders

and,  upon  the  request  of  a person entitled to call a special meeting of the

Board  of Directors, he shall give notice of any such special meeting.  He shall

keep the minutes of all meetings of the stockholders, the Board of Directors, or

any  committee  established  by  the Board of Directors.  The Secretary shall be

responsible for the maintenance of all records of the Corporation and may attest

documents  on behalf of the Corporation.  The Secretary shall perform such other

duties  as  the  Board  or  the  Chief  Executive  Officer may from time to time

prescribe  or  delegate  to  him.

 

Section 8.     Treasurer.

               ---------

 

          The Treasurer shall be responsible for the control of the funds of the

Corporation  and  the  custody  of all securities owned by the Corporation.  The

Treasurer  shall  perform  such other duties as the Board or the Chief Executive

Officer may from time to time prescribe or delegate to him.

 

Section 9.     Other Officers.

               --------------

 

          Any  other  officer  or  assistant  officer  appointed by the Board of

Directors  or pursuant to delegated authority to make such an appointment, shall

have such title and such duties and responsibilities as the Board or the officer

making  such  appointment  shall  prescribe  from  time  to  time.

 

Section 10.     Compensation and Contract Rights.

                --------------------------------

 

          The  Board of Directors, or upon delegation of the Board of Directors,

a Compensation Committee of the Board, shall be responsible for establishing the

compensation  of  the  following  officers:  Chief  Executive  Officer,  Chief

Operating  Officer,  Chief  Financial Officer, Senior Vice Presidents, Secretary

and  Treasurer.  The  Board  of  Directors  may  delegate to the Chief Executive

Officer  or  the Chief Operating Officer the responsibility for establishing the

compensation  of  any other officer.  All such compensation determinations shall

be  reported  promptly  to  the  Board  of Directors or, upon delegation of such

responsibility  by  the  Board  of Directors, to a Compensation Committee of the

Board  of  Directors.

 

 

                                   ARTICLE VI

 

              INDEMNIFICATION OF DIRECTORS, OFFICERS AND EMPLOYEES

 

Section 1.     Directors and Officers.

               ----------------------

 

          The  Corporation  shall indemnify to the full extent permitted by, and

in  the  manner permissible under, the laws of the State of Delaware, any person

made,  or  threatened  to  be  made, a party to an action or proceeding, whether

criminal, civil, administrative or investigative, by reason of the fact that he,

his testator or in testate is or was a director of officer of the Corporation or

any predecessor of the Corporation, or served any other enterprise as a director

or  officer  at  the  request  of  the  Corporation  or  any  predecessor of the

Corporation.  The  Corporation  may advance expenses to any such person incurred

in  defending  any  such action or proceeding upon terms and conditions, if any,

deemed  appropriate  by the Board of Directors upon receipt of an undertaking by

or  on  behalf  of  such  director  or  officer to repay such amount if it shall

ultimately  be  determined  that  he  is  not  entitled to be indemnified by the

Corporation  as  authorized  by  the  laws  of  the  State  of  Delaware.

 

Section 2.     Contract.

               --------

 

          The  foregoing  provisions of this Article VI shall be deemed top be a

contract  between  the  Corporation  and each director and officer who serves in

such  capacity  at  any  time  while  this Bylaw is in effect, and any repeal or

modification  thereof  shall  not affect any rights or obligations then existing

with  respect  to any state of facts then or theretofore existing or any action,

suit  or  proceeding theretofore or thereafter brought based in whole or in part

upon  any  such  state  of  facts.

 

          The  foregoing rights of indemnification shall not be deemed exclusive

of  any other rights to which any director or officer may be entitled apart from

the  provisions  of  this  Article  VI.

 

Section 3.     Other Persons.

               -------------

 

          The Board of Directors in its discretion shall have power on behalf of

the  Corporation to indemnify any person, other than a director or officer, made

a  party  to  any  action, suit or proceeding by reason of the fact that he, his

testator or in testate, is or was an employee or agent of the Corporation.

 

 

                                   ARTICLE VII

 

                                      SEAL

 

          The  Corporate  seal  shall  bear  the name of the Corporation and the

words  "Corporate  Seal,  Delaware".

 

 

                                  ARTICLE VIII

 

                                   AMENDMENTS

 

          Subject  to  the provisions of the Certificate of Incorporation, these

Bylaws  may  be  altered,  amended  or  repealed  at  any regular meeting of the

stockholders (or at any special meeting thereof duly called for that purpose) by

a  majority vote of the shares represented and entitled to vote at such meeting;

provided  that  in  the  notice  of such special meeting, notice of such purpose

shall  be  given.  Subject to the laws of the State of Delaware, the Certificate

of  Incorporation and these Bylaws, the Board of Directors may, by majority vote

of  those  present  at  any  meeting  at  which a quorum is present, amend these

Bylaws, or enact such other Bylaws as in their judgment may be advisable for the

regulation of the conduct of the affairs of the Corporation.

[End]