Company: FWDI
Filing Date: 2025-06-20
Form Type: DEF 14A
Source: 0001683168-25-004653
Chunk: 7

Company: Forward Industries, Inc.
Filing Date: 2025-06-20
Form: DEF 14A
Chunk 7
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 represented by proxy at the meeting and entitled to vote.             | Yes.                                                           | Same as a vote “Against.” |

_________________

| (1) | “Withhold” for Proposal 1. If you “withhold” authority to vote with respect to one or more director nominees, your vote will have no effect on the election of such nominees. |

| 3 |

What Are the Voting Procedures?

In voting by proxy with regard
to the election of directors, you may vote in favor of all nominees, withhold your votes as to all nominees, or withhold your votes as
to specific nominees. With regard to the remaining proposals, you may vote in favor of each proposal or against each proposal, or in favor
of some proposals and against others, or you may abstain from voting on any of these proposals. You should specify your respective choices
on the accompanying proxy card or your voting instruction form.

Is My Proxy Revocable?

Record Holder. You
may revoke your proxy and reclaim your right to vote up to and including the day of the Annual Meeting by (1) giving written notice to
the Corporate Secretary of Forward; (2) delivering a proxy card dated after the date of your original proxy; or (3) voting during the
Annual Meeting. Any written revocation must be received by the Corporate Secretary before the Annual Meeting begins. All written notices
of revocation and other communications with respect to revocations of proxies should be addressed to: Forward Industries, Inc., 700 Veterans
Memorial Highway, Suite 100, Hauppauge, New York 11788, Attention: Corporate Secretary.

Beneficial Owners. If you
are the beneficial owner of shares held in street name, you must follow the instructions provided by your broker, bank, or other holder
of record for changing or revoking your proxy. Beneficial owners, other than plan participants as outlined below, may also attend and
vote online during the annual meeting, which will replace any previous votes.

Who is Paying for the Expenses Involved in Preparing and Mailing this Proxy Statement?

All of the expenses involved in
preparing, assembling and mailing these proxy materials and all costs of soliciting proxies will be paid by Forward. In addition to the
solicitation by mail, proxies may be solicited by our officers and regular employees by telephone or in person. Such persons will receive
no compensation for their services other than their regular salaries. Arrangements will also be made with brokerage houses and other custodians,