Company: FWDI
Filing Date: 2025-09-17
Form Type: S-3ASR
Source: 0001683168-25-007043
Chunk: 112

Company: Forward Industries, Inc.
Filing Date: 2025-09-17
Form: S-3ASR
Chunk 112
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 suit or proceeding) is            
 asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless          
 in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the             
 question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final         
 adjudication of such issue.                                                                                                                       |

| (d) | The undersigned registrant hereby undertakes to file an application for the purpose of determining the                        
 eligibility of the trustee to act under subsection (a) of Section 310 of the Trust Indenture Act in accordance with the rules 
 and regulations prescribed by the SEC under Section 305(b)(2) of the Trust Indenture Act.                                     |

| II-5 |

<div align='center'>SIGNATURES</div>

Pursuant to the requirements of the Securities
Act of 1933, Forward Industries, Inc. certifies that it has reasonable grounds to believe that it meets all of the requirements for filing
on Form S-3ASR and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized,
in the Town of Hauppauge, State of New York on September 16, 2025.

| FORWARD INDUSTRIES, INC |                                             |
| By:                     | /s/ Michael Pruitt                          |
|                         | Name:   Michael Pruitt                      
 Title       Interim Chief Executive Officer 
 (Principal Executive Officer)               |

<div align='center'>POWER OF ATTORNEY</div>

KNOW ALL PERSONS BY THESE PRESENTS
that each individual whose signature appears below constitutes and appoints Michael Pruitt and Kathleen Weisberg, and each of them, his
or her true and lawful attorneys-in-fact and agents with full power of substitution, for him or her and in his or her name, place and
stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement,
and to sign any registration statement for the same offering covered by the Registration Statement that is to be effective upon filing
pursuant to Rule 462(b) promulgated under the Securities Act, and all post-effective amendments thereto, and to file the same, with all
exhibits thereto and all documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact
and agents, and