Company: FWDI
Filing Date: 2025-08-15
Form Type: DEF 14A
Source: 0001683168-25-006240
Chunk: 14

Company: Forward Industries, Inc.
Filing Date: 2025-08-15
Form: DEF 14A
Chunk 14
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 Hrynkow is a director. Includes 44,400 vested stock options.                                                                                                                                                                                                                        |
| (7)  | Shah. Ms. Shah is a director. Includes 49,243 vested stock options and shares of common stock owned by an entity which she and her husband control.                                                                                                                                              |
| (8)  | Johnson. Mr. Johnson is a director.                                                                                                                                                                                                                                                              |
| (9)  | Forward China. Mr. Terence Wise is a former officer and director and is a principal of Forward Industries (Asia-Pacific) Corporation. Does not include a number of shares underlying Series A-1 Preferred Stock which do not have voting rights and contain a 19.99% conversion limitation.      |
| (10) | Yu. Address is 9255 Doheny Rd., Apartment 2905, West Hollywood, California, 90069.                                                                                                                                                                                                               |
| (11) | C/M. Address is 1111 Brickell Ave, Suite 2920, Miami, FL 33131. Does not include shares of common stock underlying Series B Preferred Stock or warrants which contain 9.99% conversion limitations.                                                                                              |

| 11 |

<div align='center'>OTHER MATTERS</div>

The Company has no knowledge of any other matters
that may come before the Special Meeting and does not intend to present any other matters. However, if any other matters shall properly
come before the Special Meeting or any adjournment, the persons soliciting proxies will have the discretion to vote as they see fit unless
directed otherwise.

If you do not plan to attend
the Special Meeting, in order to ensure that your shares may be represented and in order to assure the required quorum, please sign, date
and return your proxy promptly. In the event you are able to attend the Special Meeting, at your request, the Company will cancel your
previously submitted proxy.

| 12 |

<div align='center'>FORWARD INDUSTRIES, INC.

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

SPECIAL MEETING OF SHAREHOLDERS – SEPTEMBER
4, 2025 AT 10:00 AM</div>

| VOTING INSTRUCTIONS                                                   |           |                                                                                                                                                |
| If you vote by phone or internet, please DO NOT mail your proxy card. |           |                                                                                                                                                |
|                                                                       | MAIL:     | Please mark, sign, date, and return this Proxy Card promptly using the enclosed