Company: FWDI
Filing Date: 2025-06-20
Form Type: DEF 14A
Source: 0001683168-25-004653
Chunk: 77

Company: Forward Industries, Inc.
Filing Date: 2025-06-20
Form: DEF 14A
Chunk 77
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 changed in the manner prescribed by the provisions of the laws of the
jurisdiction of organization of the Surviving Corporation.

3.
The by-laws of the Surviving Corporation upon the effective date of the merger in the jurisdiction of its organization will be the
by-laws of the Surviving Corporation and will continue in full force and effect until changed, altered, or amended as therein
provided and in the manner prescribed by the provisions of the laws of the jurisdiction of its organization.

4.
The directors and officers in office of the Surviving Corporation upon the effective date of the merger in the jurisdiction of its
organization shall be the members of the first Board of Directors and the first officers of the Surviving Corporation, all of whom
shall hold their directorships and offices until the election and qualification of their respective successors or until their tenure
is otherwise terminated in accordance with the by-laws of the Surviving Corporation.

5.
The number of outstanding shares of the common stock of the Terminating Corporation is 1,125,998 shares, all of which are entitled
to vote. The Terminating Corporation has 4,925 outstanding shares of its Series A-1 Convertible Preferred Stock (“Series
A-1”), all of which do not have voting rights. The Terminating Corporation has [__] outstanding shares of its Series B
Preferred Stock (“Series B”), all of which do not have voting rights. Each issued share of the common stock, the
Series A-1, and the Series B of the Terminating Corporation shall, upon the effective date of the merger, be converted into one (1)
share of the Surviving Corporation. The issued shares of the Surviving Corporation shall not be converted in any manner, but each
share which is issued as of the effective date of the merger shall continue to represent one issued share of the Surviving
Corporation.

6.
The Agreement and Plan of Merger herein made and approved shall be submitted to the shareholders of the Terminating Corporation for
their approval or rejection in the manner prescribed by the provisions of the New York Business Corporation Law, and the merger of
the Terminating Corporation with and into the Surviving Corporation shall be authorized in the manner prescribed by the laws of the
jurisdiction of organization of the Surviving Corporation.

7.
In the event that the Agreement and Plan of Merger shall have been approved by the shareholders entitled to vote of the Terminating
Corporation in the manner prescribed by the provisions of the New York Business Corporation Law, and