Exhibit 3.2
CERTIFICATE OF
ELIMINATION
OF
SERIES A JUNIOR PARTICIPATING
PREFERRED STOCK
OF
EXAR CORPORATION
Pursuant to
Section 151(g)
of the General Corporation Law
of the State of Delaware
Exar Corporation, a corporation
organized and existing under the laws of the State of Delaware (the
“Corporation”), in accordance with the provisions of
Section 151(g) of the General Corporation Law of the State of
Delaware (the “DGCL”), DOES HEREBY CERTIFY:
FIRST: That, on December 15,
1995, pursuant to Section 151 of the DGCL and the authority
granted in the Certificate of Incorporation of the Corporation, as
amended (the “Certificate of Incorporation”), the Board
of Directors of the Corporation (the “Board”) by
resolution duly adopted, authorized the issuance of a series of
250,000 shares of preferred stock, par value $0.0001 per share,
designated as “Series A Junior Participating Preferred
Stock” (the “Series A Shares”), and fixed the
relative designations and the powers, preferences and rights and
the qualifications, limitations and restrictions
thereof.
SECOND: That, on December 26,
1995, the Corporation filed a Certificate of Designation of Series
A Junior Participating Preferred Stock (the “Certificate of
Designation”) with respect to such Series A Shares with the
Secretary of State of the State of Delaware.
THIRD: That no Series A Shares are
outstanding and no shares thereof will be issued subject to such
Certificate of Designation.
FOURTH: That on September 15,
2010, the Board adopted the following resolutions:
WHEREAS, on December 15, 1995,
pursuant to Section 151 of the Delaware General Corporation
Law and the authority granted in the Certificate of Incorporation
of the Corporation, the Boa