Company: FWDI
Filing Date: 2025-06-20
Form Type: DEF 14A
Source: 0001683168-25-004653
Chunk: 98

Company: Forward Industries, Inc.
Filing Date: 2025-06-20
Form: DEF 14A
Chunk 98
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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.

| C-9 |

<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 Articles of Incorporation, such conflict
shall be resolved in favor of such law or the Articles of Incorporation.

Section 8.4. INVALID PROVISIONS. If any
one or more of the provisions of these Bylaws, or the applicability of any provision to a specific situation, shall be held invalid or
unenforceable, the provision shall be modified to the minimum extent necessary to make it or its application valid and enforceable, and
the validity and enforceability of all other provisions of these Bylaws and all other applications of any provision shall not be affected
thereby.

<div align='center'>ARTICLE IX: AMENDMENT OF BYLAWS</div>

The Board of Directors shall have the exclusive
power to amend or repeal these Bylaws, or to adopt new Bylaws.

| C-10 |

Annex D

<div align='center'>AMENDMENT NO. 1

TO THE

FORWARD INDUSTRIES, INC.

2021 EQUITY INCENTIVE PLAN</div>

This Amendment No. 1 (the “Amendment No. 1”) to the Forward Industries, Inc. 2021 Equity Incentive Plan (the “Plan”) of Forward Industries, Inc.
(the “Company”), is dated as