Company: FWDI
Filing Date: 2025-06-10
Form Type: PRE 14A
Source: 0001683168-25-004370
Chunk: 82

Company: Forward Industries, Inc.
Filing Date: 2025-06-10
Form: PRE 14A
Chunk 82
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 stockholders and determine the validity of proxies and ballots: (i) another instrument or transmission properly revoking the proxy;
or (ii) a properly created proxy or proxies bearing a later date.

(b) The stockholder executing
the original written proxy revokes the proxy by attending a stockholders’ meeting and voting its shares in person, in which case
any votes cast by that stockholder’s previously designated proxy or proxies shall be disregarded by the Company when the votes are
counted.

Section 2.13. ACTION BY STOCKHOLDERS WITHOUT A MEETING. Any action required or permitted by the Nevada Corporations Act to be taken at a meeting of stockholders may be taken without
a meeting if, before or after the action, a written consent to the action is signed by stockholders holding a majority of the voting power
of the Company or, if different, the proportion of voting power required to take the action at a meeting of stockholders.

<div align='center'>ARTICLE III: DIRECTORS</div>

Section 3.1. POWERS. The business and affairs
of the Company shall be managed under the direction of the Board of Directors. Directors must be natural persons at least 18 years of
age and need not be stockholders of the Corporation.

Section 3.2. NUMBER OF DIRECTORS. The number
of directors shall be at least one, the number to be determined by resolution of the Board of Directors, provided that the minimum or
maximum number, or both, may be increased or decreased from time to time by an amendment to these Bylaws. Subject to any provision in
the Articles of Incorporation fixing the number of directors, the exact number of directors shall be fixed, within such range, by the
Board of Directors. No decrease in the number of directors shall have the effect of shortening the term of any incumbent director.

Section 3.3. TERM OF OFFICE. At the first
annual meeting of stockholders and at each annual meeting thereafter, the holders of shares of stock entitled to vote in the election
of directors shall elect directors to hold office until the next succeeding annual meeting or until the director’s earlier death,
resignation, disqualification, or removal. Despite the expiration of a director’s term, the director shall continue to serve until
the director’s successor is elected and qualified.

Section 3.4. REMOVAL. Any or all of the
directors, or a class of directors, may be removed at any