Company: FWDI
Filing Date: 2025-06-20
Form Type: DEF 14A
Source: 0001683168-25-004653
Chunk: 76

Company: Forward Industries, Inc.
Filing Date: 2025-06-20
Form: DEF 14A
Chunk 76
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    ABSTAIN ¨ |            |
| 6. To approve an amendment to the Company’s 2021 Equity Incentive Plan                                                                                                                                                                                                   
 to increase the number of shares of the Company’s common stock available and reserved for issuance thereunder by 300,000 shares                                                                                                                                          
 for a total of 429,100 shares of common stock.                                                                                                                                                                                                                           |       |            |               | FOR ¨    AGAINST ¨    ABSTAIN ¨ |            |
| 7. To approve one or more adjournments of the Annual Meeting, if necessary or appropriate, to solicit additional proxies if there are not sufficient votes at the time of the Annual Meeting to approve any of the proposals presented for a vote at the Annual Meeting. |       |            |               | FOR ¨    AGAINST ¨    ABSTAIN ¨ |            |

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| 58 |

Annex A

<div align='center'>Merger Agreement

AGREEMENT AND PLAN OF MERGER</div>

AGREEMENT AND PLAN OF MERGER
approved on June ___, 2025, by Forward Industries, Inc., a business corporation organized under the laws of the State of New York, and
by its Board of Directors on said date (“Forward N.Y.” or the “Terminating Corporation”), and approved on June
___, 2025 by Forward Industries, Inc., a business corporation organized under the laws of the State of Nevada, and by its Board of Directors
on said date (“Forward N.V.” or the “Surviving Corporation”).

1.
Forward N.Y. and Forward N.V. shall, pursuant to the provisions of the New York Business Corporation Law and the provisions of the
laws of the jurisdiction of organization of Forward N.V., be merged with and into a single corporation, to wit, Forward N.V., which
shall be the surviving corporation upon the effective date of the merger and which shall continue to exist as said surviving
corporation under its present name pursuant to the provisions of the laws of the jurisdiction of its organization. The separate
existence of Forward N.Y. shall cease upon the effective date of the merger in accordance with the provisions of the New York
Business Corporation Law.

2.
The certificate of incorporation of the Surviving Corporation upon the effective date of the merger in the jurisdiction of its
organization shall be the certificate of incorporation of the Surviving Corporation; and said certificate of incorporation shall
continue in full force and effect until amended and