Company: FWDI
Filing Date: 2025-06-10
Form Type: PRE 14A
Source: 0001683168-25-004370
Chunk: 69

Company: Forward Industries, Inc.
Filing Date: 2025-06-10
Form: PRE 14A
Chunk 69
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 have voting rights. The Terminating Corporation has [__] outstanding shares of its Series B
Preferred Stock (“Series B”), all of which do not have voting rights. Each issued share of the common stock, the
Series A-1, and the Series B of the Terminating Corporation shall, upon the effective date of the merger, be converted into one (1)
share of the Surviving Corporation. The issued shares of the Surviving Corporation shall not be converted in any manner, but each
share which is issued as of the effective date of the merger shall continue to represent one issued share of the Surviving
Corporation.

6.
The Agreement and Plan of Merger herein made and approved shall be submitted to the shareholders of the Terminating Corporation for
their approval or rejection in the manner prescribed by the provisions of the New York Business Corporation Law, and the merger of
the Terminating Corporation with and into the Surviving Corporation shall be authorized in the manner prescribed by the laws of the
jurisdiction of organization of the Surviving Corporation.

7.
In the event that the Agreement and Plan of Merger shall have been approved by the shareholders entitled to vote of the Terminating
Corporation in the manner prescribed by the provisions of the New York Business Corporation Law, and in the event that the merger of
the Terminating Corporation with and into the Surviving Corporation shall have been duly authorized in compliance with the laws of
the jurisdiction of organization of the Surviving Corporation, the Terminating Corporation and the Surviving Corporation hereby
stipulate that they will cause to be executed and filed and/or recorded any document or documents prescribed by the laws of the
State of New York and of the State of Nevada, and that they will cause to be performed all necessary acts therein and elsewhere to
effectuate the merger.

8.
The Board of Directors and the proper officers of the Terminating Corporation and of the Surviving Corporation, respectively, are
hereby authorized, empowered and directed to do any and all things, and to make, execute, deliver, file, and/or record any and all
instruments, papers, and documents which shall be or become necessary, proper, or convenient to carry out or put into effect any of
the provisions of this Agreement and Plan of Merger or of the merger herein provided for.

9.
The effective date in the State of New York of the merger herein provided for shall be the date of filing of the Certificate of
Merger.

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