Company: FWDI
Filing Date: 2025-06-10
Form Type: PRE 14A
Source: 0001683168-25-004370
Chunk: 68

Company: Forward Industries, Inc.
Filing Date: 2025-06-10
Form: PRE 14A
Chunk 68
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by its Board of Directors on said date (“Forward N.Y.” or the “Terminating Corporation”), and approved on June
___, 2025 by Forward Industries, Inc., a business corporation organized under the laws of the State of Nevada, and by its Board of Directors
on said date (“Forward N.V.” or the “Surviving Corporation”).

1.
Forward N.Y. and Forward N.V. shall, pursuant to the provisions of the New York Business Corporation Law and the provisions of the
laws of the jurisdiction of organization of Forward N.V., be merged with and into a single corporation, to wit, Forward N.V., which
shall be the surviving corporation upon the effective date of the merger and which shall continue to exist as said surviving
corporation under its present name pursuant to the provisions of the laws of the jurisdiction of its organization. The separate
existence of Forward N.Y. shall cease upon the effective date of the merger in accordance with the provisions of the New York
Business Corporation Law.

2.
The certificate of incorporation of the Surviving Corporation upon the effective date of the merger in the jurisdiction of its
organization shall be the certificate of incorporation of the Surviving Corporation; and said certificate of incorporation shall
continue in full force and effect until amended and 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