Company: FWDI
Filing Date: 2025-06-10
Form Type: PRE 14A
Source: 0001683168-25-004370
Chunk: 89

Company: Forward Industries, Inc.
Filing Date: 2025-06-10
Form: PRE 14A
Chunk 89
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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 60 days prior to the date of the distribution or share dividend.
If no record date is fixed for such distribution or share dividend, the record date shall be the date on which the resolution of the Board
of Directors authorizing the distribution or share dividend is adopted.

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<div align='center'>ARTICLE VIII: MISCELLANEOUS</div>

Section 8.1. CHECKS, DRAFTS, ETC. All checks,
drafts, or other instruments for payment of money or notes of the Company shall be signed by an officer or officers or any other person
or persons as shall be determined from time to time by resolution of the Board of Directors.

Section 8.2. FISCAL YEAR. The fiscal year
of the Company shall be as determined by the Board of Directors.

Section 8.3. CONFLICT WITH APPLICABLE LAW OR ARTICLES OF INCORPORATION. Unless the context requires otherwise, the general provisions, rules of construction, and definitions of
the Nevada Corporations Act shall govern the construction of these Bylaws. These Bylaws are adopted subject to any applicable law and
the Articles of Incorporation. Whenever these Bylaws may conflict with any applicable law or the