Company: FWDI
Filing Date: 2025-06-17
Form Type: S-1/A
Source: 0001683168-25-004556
Chunk: 35

Company: Forward Industries, Inc.
Filing Date: 2025-06-17
Form: S-1/A
Chunk 35
---
 of no existing arrangements
between the Selling Stockholder or any other stockholder, broker, dealer, underwriter or agent relating to the sale or distribution of
our common stock offered by this prospectus.

We may from time to time file
with the SEC one or more supplements to this prospectus or amendments to the registration statement of which this prospectus forms a part
to amend, supplement or update information contained in this prospectus, including, if and when required under the Securities Act, to
disclose certain information relating to a particular sale of shares offered by this prospectus by the Selling Stockholder, including
the names of any brokers, dealers, underwriters or agents participating in the distribution of such shares by the Selling Stockholder,
any compensation paid by the Selling Stockholder to any such brokers, dealers, underwriters or agents, and any other required information.

| 19 |

We will pay the expenses incident
to the registration under the Securities Act of the offer and sale of our common stock covered by this prospectus by the Selling Stockholder.
As consideration for its irrevocable commitment to purchase our common stock under the Purchase Agreement, we have agreed to issue to
the Selling Stockholder 1.0% of the shares of common stock issued in each Fixed Purchase, VWAP Purchase or Additional VWAP Purchase, as
the case may be. We have also agreed to pay to the Selling Stockholder $25,000 in cash as reimbursement for the reasonable, out-of-pocket
expenses incurred by the Selling Stockholder, including the legal fees and disbursements of the Selling Stockholder’s legal counsel,
in connection with its due diligence investigation of the Company and in connection with the preparation, negotiation and execution of
the Purchase Agreement. See “The Committed Equity Financing” for more information.

We also have agreed to indemnify
the Selling Stockholder and certain other persons against certain liabilities in connection with the offering of our common stock offered
hereby, including liabilities arising under the Securities Act or, if such indemnity is unavailable, to contribute amounts required to
be paid in respect of such liabilities. The Selling Stockholder has agreed to indemnify us against liabilities under the Securities Act
that may arise from certain written information furnished to us by the Selling Stockholder specifically for use in this prospectus or,
if such indemnity is unavailable, to contribute amounts required to be paid in respect of such liabilities. Insofar as indemnification
for liabilities arising under the Securities Act may be permitted to our directors, officers