Company: FWDI
Filing Date: 2025-09-08
Form Type: 8-K
Source: 0001683168-25-006734
Chunk: 6

Company: Forward Industries, Inc.
Filing Date: 2025-09-08
Form: 8-K
Item: Item 1.01
Chunk 6
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/or
Rule 506(b) of Regulation D promulgated thereunder, and applicable state securities laws. The issuance of the Advisor Shares, the Advisor
Warrants and the shares of Common Stock underlying the Advisor Warrant have not been registered under the Securities Act and such securities
may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act and any
applicable state securities laws.

The foregoing descriptions of the Strategic Advisor
Agreement and Advisor Warrants do not purport to be complete and are qualified in their entirety by reference to the full text of the
Strategic Advisor Agreement and the form of the Advisor Warrants, copies of which are attached hereto as Exhibit 10.3 and 4.2, respectively,
and incorporated herein by reference.

Lead Investments Agreement

On September 6, 2025, the Company entered into a Lead
Investor Agreement (the “ Lead Investor Agreement”) with J Digital 6 Cayman Ltd. (“ Jump Crypto”)
and Multicoin Capital Master Fund, LP (“ Multicoin,” and together with Galaxy and Jump Crypto, the “ Sponsors”)
to secure the commitment of Jump Crypto and Multicoin in the Private Placement. In consideration of Jump Crypto and Multicoin’s
participation, the Company will issue Jump Crypto and Multicoin on the Closing Date in addition to the Securities acquired by Jump Crypto
and Multicoin pursuant to the Securities Purchase Agreement: (i) an aggregate number of Securities (the “ Lead Investor Shares”),
at the election of each of Jump Crypto and Multicoin, equal to 4% of the aggregate number of the PIPE Shares and (ii) an aggregate number
of warrants to purchase an amount of shares of the Common Stock (the “ Lead Investor Warrants”) equal to 10% of the
PIPE Shares. The exercise price per share of the Lead Investor Warrants shall equal one penny ($0.01) per share and shall be exercisable
as follows: (1) one-third (1/3) of the Lead Investor Warrants shall be exercisable on and after the first date on which the closing trading
price of the Company’s Common Stock on its principal stock exchange is equal to or greater than 150% of the cash Per Share Purchase
Price for 20 out of 30 trading days following the effectiveness of the Resale Registration Statement; (2) one-third (1/3) of the Lead
Investor Warrants shall be