Company: FWDI
Filing Date: 2025-08-06
Form Type: PRE 14A
Source: 0001683168-25-005714
Chunk: 5

Company: Forward Industries, Inc.
Filing Date: 2025-08-06
Form: PRE 14A
Chunk 5
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 the instructions.                                                                                |
| 3. | Vote by mail. Mark, date, sign and promptly mail the enclosed proxy card (a postage-paid envelope is provided for mailing in the United States). |
| 4. | Vote during the meeting. Visit www.virtualshareholdermeeting.com/FWD2025SM and follow the instructions                                           
 provided on the website.                                                                                                                         |

If you vote by Internet or phone, please
DO NOT mail your proxy card.

Beneficial Owner (Holding Shares in Street Name)

| 1. | Vote by Internet. The website address for Internet voting is on your voting instruction form.                                                                 |
| 2. | Vote by phone. Call 1 (800) 690-6903 and follow the instructions.                                                                                             |
| 3. | Vote by mail. Mark, date, sign and promptly mail the enclosed voting instruction form (a postage-paid envelope is provided for mailing in the United States). |
| 4. | Vote during the meeting. Visit www.virtualshareholdermeeting.com/FWD2025SM  and follow the instructions                                                       
 provided on the website.                                                                                                                                      |

| 2 |

What Constitutes a Quorum?

To carry on the business of
the Special Meeting, we must have a quorum. A quorum is present when thirty-three and one third percent (33.3%) of the outstanding shares
of stock of the Company entitled to vote, represented in person or by proxy, are present in person or represented by proxy. Shares owned
by Forward are not considered outstanding or considered to be present at the Special Meeting. Broker non-votes and abstentions are counted
as present for the purpose of determining the existence of a quorum.

What happens if Forward is unable to obtain a Quorum?

If a quorum is not present
to transact business at the Special Meeting or if we do not receive sufficient votes in favor of the proposals by the date of the Special
Meeting, the persons named as proxies may propose one or more adjournments of the Special Meeting to permit solicitation of proxies.

What happens if I do not give specific voting instructions?

Record Holder.If you
are a shareholder of record and you indicate when voting on the Internet or by telephone that you wish to vote as recommended by the Board,
or you sign, date and return a proxy card without giving specific voting instructions, then your shares will be voted in accordance with
the Board’s recommendations.

Beneficial Owners.
If you are a beneficial owner of shares held in