 Under what section of the Securities Act are the underwriters to administer the offering determined?
In the case of an Underwritten Public Offering under Sections 3.1 or 3.2, the managing underwriter or underwriters to administer the offering shall be determined by the Investor or Investors holding an aggregate of at least a majority in interest of the outstanding Registrable Securities included in such registration, provided that such underwriter or underwriters shall be reasonably acceptable to the Company. In the case of an Underwritten Public Offering under Section 3.3, the managing underwriter or underwriters to administer the offering shall be determined by the Company, provided that such underwriter or underwriters shall be reasonably acceptable to such Investors.
3.2