Company: FWDI
Filing Date: 2025-06-17
Form Type: S-3/A
Source: 0001683168-25-004558
Chunk: 16

Company: Forward Industries, Inc.
Filing Date: 2025-06-17
Form: S-3/A
Chunk 16
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 may
engage in transactions with these underwriters, brokers, and agents in the ordinary course of business.

Direct Sales and Sales through Agents

We may sell the securities directly. In this case, no underwriters or agents would be involved. We also may sell the securities through agents
designated by us from time to time. In the applicable prospectus supplement, we will name any agent involved in the offer or sale of the
offered securities, and we will describe any commissions payable to the agent. Unless we inform you otherwise in the applicable prospectus
supplement, any agent will agree to use its reasonable best efforts to solicit purchases for the period of its appointment.

We may sell the securities directly to institutional investors or others who may be deemed to be underwriters within the meaning of the Securities
Act with respect to any sale of those securities. We will describe the terms of any sales of these securities in the applicable prospectus
supplement.

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Remarketing Arrangements

Securities also may be offered
and sold, if so indicated in the applicable prospectus supplement, in connection with a remarketing upon their purchase, in accordance
with a redemption or repayment pursuant to their terms, or otherwise, by one or more remarketing firms, acting as principals for their
own accounts or as agents for us. Any remarketing firm will be identified and the terms of its agreements, if any, with us and its compensation
will be described in the applicable prospectus supplement.

Delayed Delivery Contracts

If we so indicate in the applicable
prospectus supplement, we may authorize agents, underwriters or brokers to solicit offers from certain types of institutions to purchase
securities from us at the public offering price under delayed delivery contracts. These contracts would provide for payment and delivery
on a specified date in the future. The contracts would be subject only to those conditions described in the applicable prospectus supplement.
The applicable prospectus supplement will describe the commission payable for solicitation of those contracts.

General Information

We may have agreements with
the underwriters, brokers, agents and remarketing firms to indemnify them against certain civil liabilities, including liabilities under
the Securities Act, or to contribute with respect to payments that the underwriters, brokers, agents or remarketing firms may be required
to make. Underwriters, brokers, agents and remarketing firms may be customers of, engage in transactions with or perform services for
us in the ordinary course of their businesses.

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