Company: FWDI
Filing Date: 2025-06-20
Form Type: DEF 14A
Source: 0001683168-25-004653
Chunk: 93

Company: Forward Industries, Inc.
Filing Date: 2025-06-20
Form: DEF 14A
Chunk 93
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 directors present
at that meeting.

The act of the directors holding a majority of
the voting power of the directors present at a meeting at which a quorum is present shall be the act of the Board of Directors, unless
the act requires approval by a greater proportion under the Articles of Incorporation or these Bylaws.

Section 3.12. COMPENSATION. Directors shall
not receive any stated salary for their services, but the Board of Directors may provide for a fixed sum and expenses of attendance, if
any, for attendance at any meeting of the Board of Directors or committee thereof. A director shall not be precluded from serving the
Company in any other capacity and receiving compensation for services in that capacity.

Section 3.13. ACTION BY DIRECTORS WITHOUT MEETING.
Any action required or permitted by the Nevada Corporations Act to be taken at a meeting of the Board of Directors or any committee thereof
may be taken without a meeting if, before or after the action, all of the members of the Board of Directors or committee sign a written
consent describing the action and deliver it to the Corporation.

Section 3.14. COMMITTEES OF THE BOARD OF DIRECTORS.
The Board of Directors, by resolution adopted by a majority of the directors, may establish one or more committees, each consisting of
one or more directors, to exercise the authority of the Board of Directors to the extent provided in the resolution establishing the committee
and allowed under the Nevada Corporations Act.

The designation of a committee of the Board of
Directors and the delegation thereto of authority shall not operate to relieve the Board of Directors, or any member thereof, of any responsibility
imposed by law.

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<div align='center'>ARTICLE IV: OFFICERS</div>

Section 4.1. POSITIONS AND ELECTION. The
officers of the Company shall be elected by the Board of Directors and shall be a President, a Secretary, a Treasurer, and any other officers,
including assistant officers and agents, as may be deemed necessary by the Board of Directors. Any two or more offices may be held by
the same person.

Officers shall be elected annually at a meeting
of the Board of Directors. Each officer shall serve until a successor is elected and qualified or until the earlier death, resignation,
disqualification, or removal of that officer. Vacancies or new offices shall be filled at the next regular or special meeting of the Board
of Directors. Election or appointment of an