Company: FWDI
Filing Date: 2025-06-20
Form Type: DEF 14A
Source: 0001683168-25-004653
Chunk: 97

Company: Forward Industries, Inc.
Filing Date: 2025-06-20
Form: DEF 14A
Chunk 97
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 exercising rights of dissent with respect
to those shares, exercising or waiving any preemptive right with respect to those shares, entering into agreements with respect to those
shares in accordance with the laws of the State of Nevada, or giving proxies with respect to those shares.

Neither the Company nor any of its officers, directors,
employees, or agents shall be liable for regarding that person as the owner of those shares at that time for those purposes, regardless
of whether that person possesses a certificate for those shares and shall not be bound to recognize any equitable or other claim to or
interest in such share or shares on the part of any other person, whether or not it shall have express notice thereof, except as otherwise
provided by law.

Section 6.4. LOST, STOLEN, OR DESTROYED CERTIFICATES.
The Board of Directors may direct a new certificate or certificates to be issued in place of any certificate or certificates theretofore
issued by the Company alleged to have been lost, stolen, or destroyed upon the making of an affidavit of that fact by the owner of the
allegedly lost, stolen, or destroyed certificate. When authorizing the issue of a new certificate or certificates, the Board of Directors,
in its discretion and as a condition precedent to the issuance thereof, may require the owner of the allegedly lost, stolen, or destroyed
certificate, or the owner’s legal representative, to give the Company a bond or other security sufficient to indemnify it against
any claim that may be made against the Company or other obliges with respect to the certificate alleged to have been lost, stolen, or
destroyed or the issuance of such new certificate or certificates.

<div align='center'>ARTICLE VII: DISTRIBUTIONS</div>

Section 7.1. DECLARATION. The Board of
Directors may authorize, and the Company may make distributions to its stockholders in cash, property (other than shares of the Corporation),
or a dividend of shares of the Company to the extent permitted by the Articles of Incorporation and the Nevada Corporations Act.

Section 7.2. FIXING RECORD DATES FOR DISTRIBUTIONS AND SHARE DIVIDENDS. For the purpose of determining stockholders entitled to receive a distribution by the Company (other than a distribution
involving a purchase or redemption by the Company of any of its own shares) or a share dividend, the Board of Directors may, at the time
of declaring the distribution or share dividend, set a date no more than