Company: FWDI
Filing Date: 2025-06-10
Form Type: PRE 14A
Source: 0001683168-25-004370
Chunk: 73

Company: Forward Industries, Inc.
Filing Date: 2025-06-10
Form: PRE 14A
Chunk 73
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 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 the debts or liabilities of the Corporation.

| B-2 |

<div align='center'>ARTICLE IV

DIRECTORS AND OFFICERS</div>

Section 1. Number of Directors.The members of the governing board of the Corporation are styled as directors. The board of directors of the Corporation shall be
elected in such manner as shall be provided in the bylaws of the Corporation. The board of directors shall consist of at least one (1)
individual and the number of directors may be changed from time to time in such manner as shall be provided in the bylaws of the Corporation.

Section 2. Directors.The names and addresses
of the directors constituting the Board of Directors are:

| Name:          | Address: |
| Sangita Shah   | [__]     |
| Sharon Hrynkow | [__]     |
| Keith Johnson  | [__]     |

Section 3. Limitation of Liability.The liability of directors and officers of the Corporation shall be eliminated or limited to the fullest extent permitted
by the NRS. If the NRS is amended to further eliminate or limit or authorize corporate action to further eliminate or limit the liability
of directors or officers, the liability of directors and officers of the Corporation