Company: FWDI
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001683168-25-008451
Chunk: 14

Company: Forward Industries, Inc.
Filing Date: 2025-11-14
Form: 424B5
Chunk 14
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 Multicoin in addition to the Securities acquired by Jump Crypto and Multicoin pursuant to the Securities Purchase
Agreement, 1,783,519 Lead Investor Shares and warrants to purchase up to 4,458,796 shares of common stock (the “Lead Investor Warrants”).
The exercise price per share of the Lead Investor Warrants equals one penny ($0.01) per share and the Lead Investor Warrants are 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 registration statement; (2) 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 200% of the cash Per Share Purchase Price for 20 out of 30 trading days following
the effectiveness of the registration statement; and (3) 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 250% of the cash Per Share Purchase Price for 20 out of 30 trading days following the effectiveness of the registration statement.
Pursuant to the Lead Investor Agreement, for so long as Multicoin continues to beneficially own at least 5% of the Company’s issued
and outstanding shares of common stock, Multicoin has the right to nominate one individual for election to the Board, who shall also be
chairperson of the Board (such nominee, the “Investor Designee”), and the Company agreed to use its reasonable best efforts
to cause the Investor Designee to be elected to the Board (including recommending that the Company’s shareholders vote in favor
of the election of the Investor Designee). In addition, pursuant to the Lead Investor Agreement, the Company agreed to invite a representative
of Jump Crypto to attend all meetings of the Board in a nonvoting observer capacity.

C/M Waiver and Leak-Out
Agreement

On September 8, 2025, we entered
into a waiver and