Item 1.01 Entry into a Material Definitive Agreement.

On November 4, 2022, Forward Industries, Inc. (the "Company") and Justwise Group Ltd. ("Justwise"), a company owned by Terry Wise, the Company's Chief Executive Officer and Chairman of the Board, extended its Consultancy Agreement (the "Agreement") for a year, effective September 1, 2022. As previously disclosed on a Form 8-K filed on April 5, 2022, Justwise provides product development and marketing support and other consulting services. Additionally, the Company will continue to have the right to sell Justwise's Koble branded products within North America as well as worldwide for certain other customers identified and agreed to by the parties. In consideration for these rights and the consulting services, the Company pays Justwise: (i) $10,000 per month and (ii) a license fee equal to 1% of the Company's cost to acquire the Koble products.









































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