Company: FORA
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001140361-25-016300
Chunk: 34

Company: Forian Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 34
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SACTIONS The following includes a summary of transactions since January 1, 2023, to which we have been a party, in which the amount involved in the transaction or series of related transactions exceeded $120,000, and in which any of our directors, executive officers or, to our knowledge, beneficial owners of more than 5.0% of our common stock or an affiliate or immediate family member thereof, had or will have a direct or indirect material interest, other than employment, compensation, termination, indemnification and change in control arrangements with our named executive officers, which are described under “ EXECUTIVE COMPENSATION”and “DIRECTOR COMPENSATION.” Our Audit Committee is responsible for the review, approval and ratification of related person transactions. The Audit Committee will review these transactions under our Code of Business Conduct and Ethics, which will govern conflicts of interests, among other matters, and will be applicable to our employees, officers and directors. See “ BOARD OF DIRECTORS– Board Committees – Audit Committee” for additional information regarding related-party transactions. Dublin Consulting Agreement Adam Dublin, Chief Strategy Officer, was previously a consultant for one of our current vendors. Mr. Dublin’s consultancy with the vendor ended on December 11, 2020 and the parties have agreed not to renew the consulting agreement. Pursuant to Mr. Dublin’s consulting agreement with the vendor, Mr. Dublin received payments from the vendor for the years ended December 31, 2024 and 2023 of $189,516 and $317,722, respectively. License Agreement with Veritas Data Research, Inc. On December 29, 2023, we entered into a License and Services Agreement with Veritas Data Research, Inc., an entity in which Mr. Kassam-Adams has a material equity interest. Contemporaneous with entry into the License and Services Agreement, we entered into Statement of Work No. 1, pursuant to which we licensed certain information products to Veritas for its internal use and to inform products and services offered by Veritas to three beta clients, which was amended on February 21, 2024, to provide limited additional fields. On September 4, 2024, we entered into Statement of Work No. 2, pursuant to which we expanded the information products that we license to Veritas and the permitted uses thereof. Total license fees paid to us through April 25, 2025, under both Statements of Work equal $150,000. 24 TABLE OF CONTENTS PROPOSAL