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Title:

Bylaws

Entities:

SciClone Pharmaceuticals, Inc.

Date:

2003

Size:

Preview shows 15KB of 60KB total

Price:

$42

ID:

#326636

 

 

► Corporate ► Bus. Formation ► Bylaws ► Delaware Bylaws
► Biotech & Drugs ► Pharmaceutical Preparations

 

 

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                                     BYLAWS


OF

SCICLONE PHARMACEUTICALS, INC.

ARTICLE I

STOCKHOLDERS

SECTION 1.1 Place of Meetings. All meetings of stockholders shall be
held at such place within or without the State of Delaware as may be designated
from time to time by the Board of Directors or the President and Chief Executive
Officer or, if not so designated, at the registered office of the corporation.

SECTION 1.2 Annual Meeting. The annual meeting of stockholders for
the election of directors and for the transaction of such other business as may
properly be brought before the meeting shall be held on a date to be fixed by
the Board of Directors at the time and place to be fixed by the Board of
Directors and stated in the notice of the meeting.

SECTION 1.3 Special Meetings. Special meetings of stockholders may be
called at any time by the Board of Directors, the Chairman of the Board or the
President or the holders of record of not less than 25% of all shares entitled
to cast votes at the meeting, for any purpose or purposes prescribed in the
notice of the meeting and shall be held at such place, on such date and at such
time as the Board may fix. Business transacted at any special meeting of
stockholders shall be confined to the purpose or purposes stated in the notice
of meeting, subject to the last two sentences of the first paragraph of Section
1.10.

Upon request in writing sent by registered mail to the President or
Chief Executive Officer by any stockholder or stockholders entitled to request a
special meeting of stockholders pursuant to this Section 1.3, and containing the
information required pursuant to Sections 1.10 and 2.15, as applicable, the
Board of Directors shall determine a place and time for such meeting, which time
shall be not less than 120 nor more than 130 days after the receipt of such
request, and a record date for the determination of stockholders entitled to
vote at such meeting shall be fixed by the Board of Directors, in advance, which
shall not be more that 60 days nor less than 10 days before the date of such
meeting. Following such receipt of a request and determination by the Secretary
of the validity thereof, it shall be the duty of the Secretary to present the
request to the Board of Directors, and upon Board action as provided in this
Section 1.3, to cause notice to be given to the stockholders entitled to vote at
such meeting, in the manner set forth in Section 1.4, hereof, that a meeting
will be held at the place and time so determined, for the purposes set forth in
the stockholder's request, as well as any purpose or purposes determined by the
Board of Directors in accordance with this Section 1.3.

SECTION 1.4 Notice of Meetings. Written notice of each meeting of
stockholders, whether annual or special, shall be given not less than 10 nor
more than 60 days before the date on which the meeting is to be held, to each
stockholder entitled to vote at such meeting, except as otherwise provided
herein or as required by law (meaning here and hereafter, as required from time
to time by the Delaware General Corporation Law or the Certificate of
Incorporation). The notices of all meetings shall state the place, date and hour


1
{PAGE}

of the meeting. The notice of a special meeting shall state, in addition, the
purpose or purposes for which the meeting is called. If mailed, notice is given
when deposited in the United States mail, postage prepaid, directed to the
stockholder at his address as it appears on the records of the corporation.

SECTION 1.5 Voting List. The officer who has charge of the stock
ledger of the corporation shall prepare, at least 10 days before each meeting of
stockholders, a complete list of the stockholders entitled to vote at the
meeting, arranged in alphabetical order, and showing the address of each
stockholder 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
10 days prior to the meeting, 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 also
be produced and kept at the time and place of the meeting during the whole time
of the meeting, and may be inspected by any stockholder who is present. This
list shall determine the identity of the stockholders entitled to vote at the
meeting and the number of shares held by each of them.

SECTION 1.6 Quorum. Except as otherwise provided by law or these
Bylaws, the holders of a majority of the shares of the capital stock of the
corporation entitled to vote at the meeting, present in person or represented by
proxy, shall constitute a quorum for the transaction of business. If a quorum
shall fail to attend any meeting, the chairman of the meeting or the holders of
a majority of the shares of stock entitled to vote who are present, in person or
by proxy, 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 the votes cast at such meeting.

SECTION 1.7 Adjournments. Any meeting of stockholders may be
adjourned to any other time and to any other place at which a meeting of
stockholders may be held under these Bylaws by the Chairman of the meeting, in
the absence of such person by any officer entitled to preside at or to act as
Secretary of such meeting, or by the holders of a majority of the shares of
stock present or represented at the meeting and entitled to vote, although less
than a quorum. When a meeting is adjourned to another place, date or time,
written notice need not be given of the adjourned meeting if the place, date and
time thereof are announced at the meeting at which the adjournment is taken;
provided, however, that 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, written notice of the place,
date, and time of the adjourned meeting shall be given in conformity herewith.
At the adjourned meeting, the corporation may transact any business which might
have been transacted at the original meeting.

SECTION 1.8 Voting and Proxies. Each stockholder shall have one vote
for each share of stock entitled to vote held of record by such stockholder and
a proportionate vote for each fractional share so held, unless otherwise
provided by law as in the Certificate of Incorporation. Each stockholder of
record entitled to vote at a meeting of stockholders may vote in person or may


2
{PAGE}

authorize any other person or persons to vote or act for him by written proxy
executed by the stockholder or his authorized agent or by a transmission
permitted by law and delivered to the Secretary of the corporation. No
stockholder may authorize more than one proxy for his shares. Any copy,
facsimile telecommunication or other reliable reproduction of the writing or
transmission created pursuant to this Section may be substituted or used in lieu
of the original writing or transmission for any and all purposes for which the
original writing or transmission could be used, provided that such copy,
facsimile transmission or other reproduction shall be a complete reproduction of
the entire original writing or transmission.

SECTION 1.9 Action at Meeting. When a quorum is present at any
meeting, any election shall be determined by a plurality of the votes cast by
the stockholders entitled to vote at the election, and all other matters shall
be determined by a majority of the votes cast affirmatively or negatively on the
matter (or if there are two or more classes of stock entitled to vote as
separate classes, then in the case of each such class, a majority of each such
class present or represented and voting affirmatively or negatively on the
matter) shall decide such matter, except when a different vote is required by
express provision of law, the Certificate of Incorporation or these Bylaws.

All voting, including on the election of directors, but excepting
where otherwise required by law, may be by a voice vote; provided, however, that
upon demand therefor by a stockholder entitled to vote or his or her proxy, a
stock vote shall be taken. Every stock vote shall be taken by ballots, each of
which shall state the name of the stockholder or proxy voting and such other
information as may be required under the procedure established for the meeting.
Every vote taken by ballots shall be counted by an inspector or inspectors
appointed by the chairman of the meeting. The corporation may, and to the extent
required by law, shall, in advance of any meeting of stockholders, appoint one
or more inspectors to act at the meeting and make a written report thereof. The
corporation may designate one or more persons as an alternate inspector 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 law, shall, appoint one or more inspectors to act at
the meeting. Each inspector, before entering upon the discharge of his duties,
shall take and sign an oath to faithfully execute the duties of inspector with
strict impartiality and according to the best of his or her ability.

SECTION 1.10 Notice of Stockholder Business. At an annual or special
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 (i) specified in the notice of meeting (or any
supplement thereto) given by or at the direction of the Board of Directors, (ii)
properly brought before the meeting by or at the direction of the Board of
Directors, or (iii) properly brought before an annual meeting by a stockholder.
For business to be properly brought before an annual meeting by a stockholder,
it must be a proper matter for stockholder action under the Delaware General
Corporation Law, and the stockholder must have given timely notice thereof in
writing to the Secretary of the corporation. To be timely, a stockholder
proposal to be presented at an annual meeting shall be received at the
corporation's principal executive offices not less than 120 calendar days in
advance of the first anniversary of the date that the corporation's (or the
corporation's predecessor's) proxy statement was released to stockholders in
connection with the previous year's annual meeting of stockholders, except that
if no annual meeting was held in the previous year or the date of the annual


3
{PAGE}

meeting more than 30 calendar days earlier than the date contemplated at the
time of the previous year's proxy statement, notice by the stockholders to be
timely must be received not later than the close of business on the 10th day
following the day on which the date of the annual meeting is publicly announced.
"Public announcement" for purposes hereof shall have the meaning set forth in
Article II, Section 2.15(c) of these Bylaws. In no event shall the public
announcement at an adjournment or postponement of an annual meeting commence a
new time period (or extend any time period) for the giving of a stockholder's
notice as described above. For business to be properly brought before a special
meeting by a stockholder, it must be a proper matter for stockholder action
under the Delaware General Corporation Law, and the stockholder must have given
to the Secretary of the corporation timely written notice of such business,
signed by or on behalf of the holder or holders of record of such number of
shares as would entitle such holder or holders to call a special meeting
pursuant to Section 1.3. To be timely, such notice must be received no later
than the close of business on the 10th day following the day on which the date
of the special meeting is publicly announced or must be given by a valid request
under Section 1.3.

A stockholder's notice to the Secretary of the corporation shall set
forth as to each matter the stockholder proposes to bring before the annual or
special meeting (i) a brief description of the business desired to be brought
before the annual meeting, (ii) the name and address of the stockholder
proposing such business and of the beneficial owner, if any, on whose behalf the
business is being brought, (iii) the class and number of shares of the
corporation which are beneficially owned by the stockholder and such other
beneficial owner, and (iv) any material interest of the stockholder as such
other beneficial owner in such business.

SECTION 1.11 Conduct of Business. At every meeting of the
stockholders, the Chairman of the Board, or, in his or her absence, the
President, as, in his or her absence, the person appointed by the Board of
Directors, shall act as Chairman. The Secretary of the corporation or a person
designated by the Chairman of the meeting shall act as Secretary of the meeting.
Unless otherwise approved by the Chairman of the meeting, attendance at the
stockholders' meeting is restricted to stockholders of record, persons
authorized in accordance with Section 1.8 of these Bylaws to act by proxy, and

 

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