Company: FWDI
Filing Date: 2025-09-17
Form Type: S-3ASR
Source: 0001683168-25-007043
Chunk: 105

Company: Forward Industries, Inc.
Filing Date: 2025-09-17
Form: S-3ASR
Chunk 105
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idiaries’ Annual report
on Form 10-K for the year ended September 30, 2024, and incorporated by reference herein. Such consolidated financial statements are incorporated
by reference herein in reliance upon such report, which includes an explanatory paragraph on Forward Industries, Inc. and Subsidiaries’
ability to continue as a going concern, given on the authority of such firm as experts in accounting and auditing.

| 30 |

<div align='center'>Up to $4,000,000,000

Common Stock

Prospectus

Cantor

September 16, 2025</div>

<div align='center'>PART II

INFORMATION NOT REQUIRED IN PROSPECTUS</div>

Item 14. Other Expenses of Issuance and Distribution.

The following table sets forth the estimated expenses
to be borne by us in connection with the issuance and distribution of securities being registered hereby.

|                                              |     | Amount to be paid |         |
|:---------------------------------------------|:----|:------------------|--------:|
| SEC Registration Fee                         |     | $                 | 612,400 |
| Transfer Agent and Trustee Fees and Expenses |     |                   |       * |
| Printing                                     |     |                   |       * |
| Legal Fees and Expenses                      |     |                   |       * |
| Rating Agency Fees                           |     |                   |       * |
| Accounting Fees and Expenses                 |     |                   |       * |
| Miscellaneous                                |     |                   |       * |
| TOTAL                                        |     | $                 |       * |

| † | Applicable SEC registration fees have been deferred in accordance with Rules 456(b) and 457(r) of the Securities Act of 1933 and 
 are not estimable at this time.                                                                                                  |

* These fees and expenses are calculated based on the amount of securities offered and accordingly cannot be estimated at this time.

Item 15. Indemnification of Directors and Officers.

Our Certificate of Incorporation
and Bylaws provide for indemnification of our officers, directors and agents to the fullest extent permitted under the New York Business
Corporation Law (“NYBCL”).

Section 721 of the NYBCL provides
that the indemnification and advancement of expenses granted pursuant to, or provided by, this article shall not be deemed exclusive of
any other rights to which a director or officer seeking indemnification or advancement of expenses may be entitled, whether contained
in the certificate of incorporation or the bylaws or,