EXHIBIT 3.4 CERTIFICATE AMENDING THE RESTATED CERTIFICATE OF INCORPORATION BY ACTION OF BOARD OF DIRECTORS AND SHAREHOLDERS (Stock Corporation) 1. The name of the corporation is Bolt Technology Corporation. 2. The Restated Certificate of Incorporation is amended by the following resolution of directors and shareholders. RESOLVED, that the Restated Certificate of Incorporation of the corporation be, and it hereby is, amended by adding paragraph 9 to read in its entirety as follows: 9. A director of the corporation shall under no circumstances have any personal liability to the corporation or its shareholders for monetary damages for breach of duty as a director for an amount in excess of the compensation received by the director for serving the corporation during the year of the violation except for those specific breaches as to which Section 33-290 of the Connecticut General Statutes prohibits limiting such personal liability. This provision shall not be effective prior to its adoption by the directors and shareholders of the corporation. 3. (a) The above resolution changes the provisions of the Restated Certificate of Incorporation by limiting a director's personal liability for monetary damages for breach of duty to an amount that does not exceed the compensation received by the director for serving the corporation during the year of the violation, subject to certain statutory exceptions. (b) Other than as indicated in paragraph 3(a), there is no discrepancy between the provisions of the Restated Certificate of Incorporation as supplemented and amended to date, and the provisions of this Certificate Amending the Restated Certificate of Incorporation. 4. The above resolution was adopted by the board of directors on October 18, 1989 and by shareholders on November 21, 1989. 5. The corporation has at least one hundred recordholders. 6. The holders of shares of common stock outstanding on October 13, 1989 were entitled to vote upon the above resolution since there was no other class of stock then outstanding: Designation of Class, Number of Shares Outstanding Vote Required Vote Favoring and Entitled to Vote For Adoption Adoption - ---------------------------- ------------- ------------- 4,695,310 Shares of 2,347,656 3,504,228 Common Stock Dated at Norwalk, Connecticut this 9th day of August, 1996. We hereby declare, under penalties of false statement that the statements made in the foregoing certificate are true. /s/ Raymond M. Soto -------------------------- Raymond M. Soto, President /s/ Alan Levy -------------------------- Alan Levy, Secretary 2