Company: FWDI
Filing Date: 2025-06-20
Form Type: DEF 14A
Source: 0001683168-25-004653
Chunk: 10

Company: Forward Industries, Inc.
Filing Date: 2025-06-20
Form: DEF 14A
Chunk 10
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| · | Additionally, you must be a record holder at the time you deliver your notice to the Corporate Secretary and are entitled to vote at the 2026 Meeting and meet the ownership requirements contained in Section 208 of our Bylaws.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |

A nomination or other proposal
will be disregarded if it does not comply with the above procedures. All proposals and nominations should be sent to Forward Industries,
Inc., 700 Veterans Memorial Highway, Suite 100, Hauppauge, New York 11788, Attention: Corporate Secretary.

We reserve the right to amend
our Bylaws and any change will apply to the 2026 Meeting unless otherwise specified in the amendment.

Interest of Officers and Directors in Matters to Be Acted Upon

None of the officers or directors
have any interest in any of the matters to be acted upon at the Annual Meeting, except in the election to our board of nominees set forth
herein and as described below, and Proposal No. 6 regarding the 2021 Plan Amendment, under which members of the Board and our executive
officers will be eligible to participate and receive equity incentive awards.

In addition, our directors and
executive officers may have interests in the Nevada Reincorporation transaction that are different from, or in addition to, the interests
of the shareholders generally, which may present actual or potential conflicts of interest. For example, the Nevada Reincorporation provides
our officers and directors more clarity and certainty in the reduction of their potential personal liability and strengthens the ability
of directors to resist coercive and inadequate takeover bids. The Board has considered these interests, among other matters, in reaching
its decision to approve the Nevada Reincorporation and to recommend that our shareholders vote in favor of this proposal.

| 5 |

<div align='center'>YOUR VOTE IS IMPORTANT</div>

Please vote your proxy promptly
so your shares can be represented, even if you plan to attend the virtual Annual Meeting. You can vote by Internet, by telephone, or by
using the enclosed proxy card.

Our proxy tabulator, Broadridge
Financial Solutions, must receive any proxy that will not be voted at the Annual Meeting by 11:59 p.m. Eastern Time on August 7, 2025.

The Board unanimously recommends that shareholders vote “ For” the election to the Board of each of the nominees in Proposal 1, and “ For” Proposals 2,