Company: FWDI
Filing Date: 2025-06-20
Form Type: DEF 14A
Source: 0001683168-25-004653
Chunk: 89

Company: Forward Industries, Inc.
Filing Date: 2025-06-20
Form: DEF 14A
Chunk 89
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absence or inability to act, the person whom the chair of the meeting shall appoint, shall act as secretary of the meeting and keep the
minutes thereof.

The chair of the meeting shall determine the order
of business and, in the absence of a rule adopted by the Board of Directors, shall establish rules for the conduct of the meeting. The
chair of the meeting shall announce the close of the polls for each matter voted upon at the meeting, after which no ballots, proxies,
votes, changes, or revocations will be accepted. Polls for all matters before the meeting will be deemed to be closed upon final adjournment
of the meeting.

Section 2.11. VOTING OF STOCK. Each outstanding
share of stock, regardless of class or series, shall be entitled to one vote on each matter submitted to a vote at a meeting of stockholders,
except as otherwise provided by these Bylaws and to the extent that the Articles of Incorporation or the certificate of designation establishing
the class or series of stock provides for more or less than one vote per share or limits or denies voting rights to the holders of the
shares of any class or series of stock.

Unless a different proportion is required by the
Articles of Incorporation, these Bylaws, or the Nevada Corporations Act:

(a) If a quorum exists, action
other than the election of directors is approved if the votes cast in favor of the action exceed the votes cast against the action.

(b) If a quorum exists of
any class or series of stock that is permitted or required to vote separately on any matter, action is approved by the class or series
if a majority of the voting power of a quorum of that class or series votes in favor of the action.

Directors are elected by a plurality of the votes
at a meeting at which a quorum is present.

An abstention is counted as present for purposes
of determining if a quorum exists, but an abstention is not considered a vote cast in favor or against an action when tallying votes in
favor of an action.

For avoidance of doubt, in accordance with Section
78.2055 of the Nevada Corporations Act, to approve the filing of an amendment to the Articles of Incorporation to decrease the number
of issued and outstanding shares of a class or series by each stockholder of record without correspondingly decreasing the number of authorized
shares of that class or series, the votes cast in favor of the amendment must exceed the votes cast against