Company: FWDI
Filing Date: 2025-06-20
Form Type: DEF 14A
Source: 0001683168-25-004653
Chunk: 91

Company: Forward Industries, Inc.
Filing Date: 2025-06-20
Form: DEF 14A
Chunk 91
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 Corporation.

Section 3.2. NUMBER OF DIRECTORS. The number
of directors shall be at least one, the number to be determined by resolution of the Board of Directors, provided that the minimum or
maximum number, or both, may be increased or decreased from time to time by an amendment to these Bylaws. Subject to any provision in
the Articles of Incorporation fixing the number of directors, the exact number of directors shall be fixed, within such range, by the
Board of Directors. No decrease in the number of directors shall have the effect of shortening the term of any incumbent director.

Section 3.3. TERM OF OFFICE. At the first
annual meeting of stockholders and at each annual meeting thereafter, the holders of shares of stock entitled to vote in the election
of directors shall elect directors to hold office until the next succeeding annual meeting or until the director’s earlier death,
resignation, disqualification, or removal. Despite the expiration of a director’s term, the director shall continue to serve until
the director’s successor is elected and qualified.

Section 3.4. REMOVAL. Any or all of the
directors, or a class of directors, may be removed at any time, with or without cause, at a special meeting of stockholders called for
that purpose by a vote of the holders of the affirmative vote of stockholders representing not less than two-thirds of the voting power
of the issued and outstanding stock entitled to vote.

Section 3.5. RESIGNATION. A director may
resign at any time by giving written notice to the Board of Directors, its chair, or to the Secretary of the Corporation. A resignation
is effective when the notice is given unless a later effective date is stated in the notice. Acceptance of the resignation shall not be
required to make the resignation effective. The pending vacancy may be filled before the effective date, but the successor shall not take
office until the effective date.

Section 3.6. VACANCIES. Unless otherwise
provided in the Articles of Incorporation, vacancies and newly created directorships, whether resulting from an increase in the size of
the Board of Directors or due to the death, resignation, disqualification, or removal of a director or otherwise, may be filled by the
affirmative vote of a majority of the remaining directors, even if less than a quorum. A director elected to fill a vacancy shall hold
office for the unexpired term of that