Company: FWDI
Filing Date: 2025-06-10
Form Type: PRE 14A
Source: 0001683168-25-004370
Chunk: 81

Company: Forward Industries, Inc.
Filing Date: 2025-06-10
Form: PRE 14A
Chunk 81
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 Incorporation, these Bylaws, or the Nevada Corporations Act:

(a) If a quorum exists, action
other than the election of directors is approved if the votes cast in favor of the action exceed the votes cast against the action.

(b) If a quorum exists of
any class or series of stock that is permitted or required to vote separately on any matter, action is approved by the class or series
if a majority of the voting power of a quorum of that class or series votes in favor of the action.

Directors are elected by a plurality of the votes
at a meeting at which a quorum is present.

An abstention is counted as present for purposes
of determining if a quorum exists, but an abstention is not considered a vote cast in favor or against an action when tallying votes in
favor of an action.

For avoidance of doubt, in accordance with Section
78.2055 of the Nevada Corporations Act, to approve the filing of an amendment to the Articles of Incorporation to decrease the number
of issued and outstanding shares of a class or series by each stockholder of record without correspondingly decreasing the number of authorized
shares of that class or series, the votes cast in favor of the amendment must exceed the votes cast against the amendment, unless otherwise
provided in the Articles of Incorporation.

Section 2.12. VOTING BY PROXY. A stockholder
may vote either in person or by proxy executed in writing by the stockholder or the stockholder’s attorney-in-fact. Any copy, communication
by electronic transmission, or other reliable written reproduction may be substituted for the stockholder’s original written proxy
for any purpose for which the original proxy could have been used if such copy, communication by electronic transmission, or other reproduction
is a complete reproduction of the entire original written proxy.

No proxy shall be valid after six months from
the date of its creation unless the proxy specifies its duration, which may not exceed seven years from the date of its creation. A proxy
shall be revocable unless the proxy states that the proxy is irrevocable and the proxy is coupled with an interest sufficient to support
an irrevocable power.

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A properly created proxy or proxies continues
in full force and effect until either of the following occurs:

(a) One of the following is
filed with or transmitted to the Secretary of the Company or another person or persons appointed by the Company to count the votes of
the