Company: FWDI
Filing Date: 2025-06-20
Form Type: DEF 14A
Source: 0001683168-25-004653
Chunk: 82

Company: Forward Industries, Inc.
Filing Date: 2025-06-20
Form: DEF 14A
Chunk 82
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 the debts or liabilities of the Corporation.

| B-2 |

<div align='center'>ARTICLE IV

DIRECTORS AND OFFICERS</div>

Section 1. Number of Directors.The members of the governing board of the Corporation are styled as directors. The board of directors of the Corporation shall be
elected in such manner as shall be provided in the bylaws of the Corporation. The board of directors shall consist of at least one (1)
individual and the number of directors may be changed from time to time in such manner as shall be provided in the bylaws of the Corporation.

Section 2. Directors.The names and addresses
of the directors constituting the Board of Directors are:

| Name:          | Address: |
| Sangita Shah   | [__]     |
| Sharon Hrynkow | [__]     |
| Keith Johnson  | [__]     |

Section 3. Limitation of Liability.The liability of directors and officers of the Corporation shall be eliminated or limited to the fullest extent permitted
by the NRS. If the NRS is amended to further eliminate or limit or authorize corporate action to further eliminate or limit the liability
of directors or officers, the liability of directors and officers of the Corporation shall be eliminated or limited to the fullest extent
permitted by the NRS, as so amended from time to time.

Section 4. Payment of Expenses.In addition to any other rights of indemnification permitted by the laws of the State of Nevada or as may be provided for by the Corporation
in its bylaws or by agreement, the expenses of officers and directors incurred in defending any threatened, pending, or completed action,
suit or proceeding (including without limitation, an action, suit or proceeding by or in the right of the Corporation), whether civil,
criminal, administrative or investigative, involving alleged acts or omissions of such officer or director in his or her capacity as an
officer or director of the Corporation or member, manager, or managing member of a predecessor limited liability company or affiliate
of such limited liability company or while serving in any capacity at the request of the Corporation as a director, officer, employee,
agent, member, manager, managing member, partner, or fiduciary of, or in any other capacity for, another corporation or any partnership,
joint venture, trust, or other enterprise, shall be paid by the Corporation or through insurance purchased and maintained by the Corporation
or through other financial arrangements made by the Corporation, as they are incurred and in advance of the