Firsthand technology value fund, inc. amends and restates amended and restated bylaws

On and effective october 25, 2019, the board of directors of firsthand technology value fund, inc. amended and restated the company’s amended and restated bylaws. the following is a summary of changes effected by adoption of the amended and restated bylaws, which is qualified in its entirety by reference to the amended and restated bylaws filed as exhibit 3.1 hereto and incorporated by reference. the changes to the bylaws include: providing the chairman of the meeting the authority to delegate to another person the power to act as chairman or secretary of the meeting, adding of a majority voting provision to the plurality voting provisions of the election of directors in cases where the number of directors standing for election exceeds the number of seats available, clarifying that unanimous consents by stockholders may be provided by electronic transmission as well as in writing, (4) clarifying that the exclusive forum provisions do not apply to actions arising under federal securities laws, as well as certain minor clarifying and technical changes to conform to maryland law.
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