Item 8.01 Other Events.

On April 5, 2023, Forward Industries (Asia-Pacific) Corporation ("FC") notified Forward Industries, Inc. (the "Company") that it was reducing its fixed monthly fee under the Buying Agency and Supply Agreement between FC and the Company (the "Agreement") from $100,000 per month to $83,333 per month (effective April 1, 2023). This reduced fee will result in approximately $117,000 of savings for the Company for the remainder of the term of the Agreement. As previously disclosed, the Agreement expires October 22, 2023.





















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