Company: FWDI
Filing Date: 2025-06-20
Form Type: DEF 14A
Source: 0001683168-25-004653
Chunk: 81

Company: Forward Industries, Inc.
Filing Date: 2025-06-20
Form: DEF 14A
Chunk 81
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 rate shall be applicable);
whether the shares of any series of Preferred Stock shall be subject to redemption by the Corporation and if subject to redemption, the
times, prices, rates, adjustments and other terms and conditions of such redemption. The powers, designations, preferences, limitations,
restrictions and relative rights may be made dependent upon any fact or event which may be ascertained outside the Articles or the resolution
if the manner in which the fact or event may operate on such series is stated in the Articles or resolution. As used in this section “fact
or event” includes, without limitation, the existence of a fact or occurrence of an event, including, without limitation, a determination
or action by a person, government, governmental agency or political subdivision of a government. The board of directors is further authorized
to increase or decrease (but not below the number of such shares of such series then outstanding) the number of shares of any series subsequent
to the issuance of shares of that series. Unless the board of directors provides to the contrary in the resolution which fixes the characteristics
of a series of Preferred Stock, neither the consent by series, or otherwise, of the holders of any outstanding Preferred Stock nor the
consent of the holders of any outstanding Common Stock shall be required for the issuance of any new series of Preferred Stock regardless
of whether the rights and preferences of the new series of Preferred Stock are senior or superior, in any way, to the outstanding series
of Preferred Stock or the Common Stock.

(b) Certificate.Before
the Corporation shall issue any shares of Preferred Stock of any series, a certificate of designation setting forth a copy of the resolution
or resolutions of the board of directors, and establishing the voting powers, designations, preferences, the relative, participating,
optional, or other rights, if any, and the qualifications, limitations, and restrictions, if any, relating to the shares of Preferred
Stock of such series, and the number of shares of Preferred Stock of such series authorized by the board of directors to be issued shall
be made and signed by an officer of the corporation and filed in the manner prescribed by the NRS.

Section 4. Non-Assessment of Stock.The capital stock of the Corporation, after the amount of the subscription price has been fully paid, shall not be assessable
for any purpose, and no stock issued as fully paid shall ever be assessable or assessed, and the Articles shall not be amended in this
particular. No stockholder of the Corporation is individually liable for