B Y - L A W S
CHERRY TANKERS INC.
OFFICES AND BRANCHES
SECTION 1 .
REGISTERED OFFICE. The registered office of the Corporation in the
State of Delaware shall be located at the principal place of business in said state of the corporation or individual
acting as the Corporation's registered agent.
OTHER OFFICES. The Corporation may have other offices, either within
or without the State of Delaware, at such place or places as the Board of Directors may from time to time select.
FOREIGN OFFICES AND BRANCHES. The Corporation shall have
the authority to establish and operate branches and offices and otherwise legally qualify to do business, carry on
business operations, and create, manage and participate in subsidiaries, investments, partnerships, funds joint
ventures or any other form of business operation, and to purchase lease, sell, own and operate property of every
description, in any and all foreign countries outside of the United States.
MEETINGS OF STOCKHOLDERS
SECTION 1 .
ANNUAL MEETINGS. An annual meeting of stockholders for the
election of directors and for the transaction of such other business as may properly come before the meeting, shall
be held at such date, time and place, either within or without the State of Delaware, as the Board of Directors
shall determine each year.
SECTION 2 .
SPECIAL MEETINGS. Special meetings of the stockholders for any
purpose may be called by the President or the Secretary, or by the directors, and may be held at any date, time
and place, within or without the State of Delaware, as shall be stated in the notice of meeting.
SECTION 3 .
NOTICE OF MEETINGS. Written notice of each annual or special
meeting of the stockholders, stating the place, date and time of the meeting, and in the case of a special meeting
the purpose of such meeting, shall be given, not less than ten nor more than sixty days before the date of the
meeting, to eac