Company: FWDI
Filing Date: 2025-06-10
Form Type: PRE 14A
Source: 0001683168-25-004370
Chunk: 71

Company: Forward Industries, Inc.
Filing Date: 2025-06-10
Form: PRE 14A
Chunk 71
---
 of directors pursuant to Section 3 of this Article III.

Section 2. Common Stock.(a) Dividend Rate.Subject to the rights of holders of any Preferred Stock having preference as to dividends and except as
otherwise provided by these Articles of Incorporation, as amended from time to time (the “Articles”) or the Nevada
Revised Statues (the “NRS”), the holders of Common Stock shall be entitled to receive dividends when, as and if declared
by the board of directors out of assets legally available therefor.

(b) Voting Rights.Except
as otherwise provided by the NRS, the holders of the issued and outstanding shares of Common Stock shall be entitled to one vote for each
share of Common Stock. No holder of shares of Common Stock shall have the right to cumulate votes.

| B-1 |

(c) Liquidation Rights.In the event of liquidation, dissolution, or winding up of the affairs of the Corporation, whether voluntary or involuntary, subject
to the prior rights of holders of Preferred Stock to share ratably in the Corporation’s assets, the Common Stock and any shares
of Preferred Stock which are not entitled to any preference in liquidation shall share equally and ratably in the Corporation’s
assets available for distribution after giving effect to any liquidation preference of any shares of Preferred Stock. A merger, conversion,
exchange or consolidation of the Corporation with or into any other person or sale or transfer of all or any part of the assets of the
Corporation (which shall not in fact result in the liquidation of the Corporation and the distribution of assets to stockholders) shall
not be deemed to be a voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Corporation.

(d) No Conversion, Redemption, or Preemptive Rights.The holders of Common Stock shall not have any conversion, redemption, or preemptive rights.

(e) Consideration for Shares.The Common Stock authorized by this Article shall be issued for such consideration as shall be fixed, from time to time, by the board
of directors.

Section 3. Preferred Stock(a) Designation.The board of directors is hereby vested with the authority from time to time to provide by resolution for
the issuance of shares of Preferred Stock in one or more series not exceeding the aggregate number of shares of Preferred Stock authorized
by these Articles, and to prescribe with respect to each such series the voting powers, if any, designations, preferences, and relative,
participating, optional, or other special rights