Company: FWDI
Filing Date: 2025-09-18
Form Type: S-8
Source: 0001683168-25-007107
Chunk: 9

Company: Forward Industries, Inc.
Filing Date: 2025-09-18
Form: S-8
Chunk 9
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 prevailing market prices, at fixed prices
(which may be changed) or at negotiated prices. The Selling Shareholders may sell shares through one or more agents, brokers or dealers
or directly to purchasers. Such brokers or dealers may receive compensation in the form of commissions, discounts or concessions from
the Selling Shareholders and/or purchasers of the shares or both. Such compensation as to a particular broker or dealer may be in excess
of customary commissions.

In connection with their sales, a Selling Shareholder
and any participating broker or dealer may be deemed to be “underwriters” within the meaning of the Securities Act, and any
commissions they receive and the proceeds of any sale of shares may be deemed to be underwriting discounts and commissions under the Securities
Act.

We are bearing all costs relating to the registration
of the shares of Common Stock to be reoffered and resold pursuant to this reoffer prospectus. Any commissions or other fees payable to
brokers or dealers in connection with any sale of the shares will be borne by the Selling Shareholders or other party selling such shares.
Sales of the shares must be made by the Selling Shareholders in compliance with all applicable state and federal securities laws and regulations,
including the Securities Act.

Any shares covered by this reoffer prospectus
that qualify for sale under Rule 144 under the Securities Act may be sold under Rule 144 rather than under this reoffer prospectus. There
is no assurance that the Selling Shareholders will sell all or a portion of the Common Stock offered hereby.

Only awards that have vested and been issued
in accordance with the terms of the applicable Plan and award agreement may be resold under this prospectus.
Shares underlying awards that remain unvested, or that are otherwise not deliverable under the terms of the awards, are not eligible
for resale until the vesting and issuance conditions are satisfied.

The Selling Shareholders may agree to indemnify
any broker, dealer or agent that participates in transactions involving sales of the shares against certain liabilities in connection
with the offering of the shares arising under the Securities Act.

The Selling Shareholders will be subject to the
reoffer prospectus delivery requirements of the Securities Act, unless exempted therefrom.

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

Certain legal matters in connection with the issuance
of the shares of Common Stock offered hereby have been passed upon for the Company by Nason Yeager Gerson Harris & Fumero, P.A., 3001
PGA Boulevard