Company: FWDI
Filing Date: 2025-06-10
Form Type: PRE 14A
Source: 0001683168-25-004370
Chunk: 87

Company: Forward Industries, Inc.
Filing Date: 2025-06-10
Form: PRE 14A
Chunk 87
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, or a knowing violation of law, the Indemnitee’s fiduciary duties as a director or officer to act
in good faith and in the interests of the Corporation.

(b) Acted in good faith and
in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the Corporation.

Section 5.3. INDEMNIFICATION AGAINST EXPENSES.
The Company shall, to the extent permitted by the Nevada Corporations Act, indemnify any Indemnitee who was successful, on the merits
or otherwise, in the defense of any action, suit, proceeding, or claim described in Sections 5.1 and 5.2, against expenses (including
attorneys’ fees) actually and reasonably incurred by the Indemnitee in connection with the defense.

Section 5.4. NON-EXCLUSIVITY OF INDEMNIFICATION RIGHTS. The rights of indemnification set out in this Article V shall be in addition to and not exclusive of any other rights to which
any Indemnitee may be entitled under the Articles of Incorporation, Bylaws, any other agreement with the Corporation, any action taken
by the disinterested directors or stockholders of the Corporation, or otherwise. The indemnification provided under this Article V shall
inure to the benefit of the heirs, executors, and administrators of an Indemnitee.

<div align='center'>ARTICLE VI: SHARE CERTIFICATES AND TRANSFER</div>

Section 6.1. CERTIFICATES REPRESENTING SHARES.
The shares of the Company shall be represented by certificates, provided that the Board of Directors may provide by resolution or resolutions
that some or all of any class or series of stock shall be uncertificated shares.

The Company shall, within a reasonable time after
the issuance of uncertificated shares or the transfer of any uncertificated shares on the books of the Corporation, send to the registered
owner of the shares a written notice containing the information required to be set forth or stated on certificates pursuant to the Nevada
Corporations Act. Within 10 days after receipt of a written request from a stockholder of record, the Company shall send the stockholder
of record a written statement confirming the information contained in information previously sent to the stockholder of record.

Shares represented by certificates shall be signed
by officers or agents designated by the Company for such purpose and shall state:

(a) The name of the Company
and that it is organized