Company: FWDI
Filing Date: 2025-08-06
Form Type: PRE 14A
Source: 0001683168-25-005714
Chunk: 17

Company: Forward Industries, Inc.
Filing Date: 2025-08-06
Form: PRE 14A
Chunk 17
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 hundred million (304,000,000) shall be designated “common
stock”.

| A-1 |

Annex B

<div align='center'>Series A-1 Certificate of Designation

CERTIFICATE OF AMENDMENT OF THE CERTIFICATE OF

INCORPORATION OF FORWARD INDUSTRIES, INC.

UNDER SECTION 805 OF THE BUSINESS CORPORATION LAW</div>

The undersigned, being the
Chief Financial Officer of Forward Industries, Inc. (the “Corporation”), a corporation organized and existing under
Business Corporation Law of the State of New York (the “NYBCL”),hereby certifies as follows, pursuant to Sections
502 and 805 of the NYBCL:

(1) The name of the Corporation
is Forward Industries, Inc. The name under which the Corporation was formed was Progress Heat Sealing Co., Inc.

(2) The Certificate of Incorporation
of the Corporation (the “COI”)was originally filed on March 6, 1961.

(3) This Certificate of Amendment
(“COD”) to the COI was authorized by the vote of the Board of Directors of the Corporation (“Board”)pursuant to Section 502 of the NYBCL.

(4) The Corporation is authorized
to issue a total of 2,700 shares of Preferred Stock designated as Series A-1 Convertible Preferred Stock, with a par value of $0.01 per
share (“Series A-1”). Immediately prior to the filing of this COD (the “Effective Time”), there
are 2,700 shares of Series A-1 authorized, and 2,425 shares of Series A-1 issued and outstanding.

(5) The amendment of the Corporation’s
COI effected by this COD is to increase the number of authorized shares of Series A-1 by 4,000 shares, from 2,700 to 6,700, as authorized
by Section 502(c) of the NYBCL. Except as otherwise set forth in the preceding sentence, the designations, rights, preferences, and limitations
of the Series A-1 are unchanged, including its par value.

(6) Immediately after the
Effective Time, there will be 6,700 shares of Series A-1 authorized with 2,425 shares issued and outstanding.

(7) Article FIFTH is hereby
amended and restated in its entirety as follows:

The Corporation’s Board has designated 6,700
shares of Preferred Stock as