Company: FWDI
Filing Date: 2025-06-10
Form Type: PRE 14A
Source: 0001683168-25-004370
Chunk: 74

Company: Forward Industries, Inc.
Filing Date: 2025-06-10
Form: PRE 14A
Chunk 74
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 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 final disposition of the action,
suit or proceeding, upon receipt of an undertaking by or on behalf of the officer or director to repay the amount if it is ultimately
determined by a court of competent jurisdiction that he or she is not entitled to be indemnified by the Corporation. To the extent that
an officer or director is successful on the merits in defense of any such action, suit or proceeding, or in the defense of any claim,
issue or matter therein, the Corporation shall indemnify him or her against expenses, including attorneys’ fees, actually and reasonably
incurred by him or her in connection with the defense. Notwithstanding anything to the contrary contained herein or in the bylaws, no
director or officer may be indemnified for expenses 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, that such director or officer incurred in his or her capacity as a stockholder.

Section 5. Repeal And Conflicts.Any repeal or modification of Sections 3 or 4 above approved by the stockholders of the Corporation shall be prospective only, and
shall not