Company: FWDI
Filing Date: 2025-12-11
Form Type: 10-K
Source: 0001683168-25-009068
Chunk: 8

Company: Forward Industries, Inc.
Filing Date: 2025-12-11
Form: 10-K
Item: Item 1
Chunk 8
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 treated with respect and dignity. We
value our employees and provide career and professional development opportunities that foster the success of the Company.

An effective approach to human
capital management requires that we invest in talent, development, culture and employee engagement. We aim to create an environment where
our employees are encouraged to make positive contributions and fulfill their potential. We emphasize our core values of innovation, encouragement,
motivation, and curiosity with our employees to instill our culture and create an environment of growth and positivity.

Our Compensation Committee is
also actively involved in reviewing and approving executive compensation and succession plans so that we have leadership in place with
the requisite skills and experience to deliver results the right way. We offer fair, competitive compensation and benefits that support
our employees’ overall wellbeing. In addition to health benefits, we contribute to employees’ 401(k) plans and offer student
tuition reimbursement (if certain requirements are met).

Board Advisors

In addition to our core employee
base, we have incorporated a group of over 20 special advisors and consultants who provide strategic guidance to management and our Board
of Directors, particularly with respect to the development and oversight of our new Treasury Policy. These advisors and consultants bring
significant expertise and industry experience. Their contributions are integral to our efforts to enhance our policies and help ensure
alignment with our long-term business objectives.

Services and Asset Management
Agreements

In September 2025, we entered
into two significant agreements to support the launch and ongoing management of our new Treasury Policy. Under the Asset Management Agreement,
we appointed Galaxy Digital Capital Management LP, an SEC-registered investment adviser, as Asset Manager to provide investment management
services. The Asset Manager is responsible for investment decisions but does not act as custodian or take possession of our assets, which
remain titled in our name.

Concurrently, we entered into
a Services Agreement, pursuant to which Galaxy Digital LP, as Service Provider, delivers operational, financial, and human resources support
to facilitate the establishment and operation of our new Treasury Policy. The Service Provider does not provide tax, legal, or Investment
Company Act-related advice.

These agreements are integral
to our ability to effectively manage our digital asset strategy and operational infrastructure, and reflect our commitment to prudent
governance and the enhancement of shareholder value.

 6 

Regulation and Environmental Protection

There are no specific regulatory
or environmental requirements imposed upon the design segment of our business. As a paid service provider, customers are assisted in securing
regulatory certifications including UL (