EX-10.2
from 8-K
16 pages
Separation and Release of Claims Agreement (This “Agreement”) Dated May 16, 2025 (The “Execution Date”) by and Between Forward Industries, Inc., a New York Corporation (The “Employer”), on Behalf of Itself, Its Parents, Subsidiaries, and Other Corporate Affiliates, and Each of Their Respective Present and Former Employees, Officers, Directors, Owners, Shareholders, and Agents, Individually and in Their Official Capacities (Collectively Referred to as the “Employer Group”), and Terence Wise (The “Employee”), Residing at 34 Eaton Mews North, London Sw1x 8as, U.K. (The Employer and the Employee Are Collectively Referred to as the “Parties”). Whereas, Employee Is the Chief Executive Officer of Employer Pursuant to an Employment Agreement (“Employment Agreement”) Dated May 16, 2018; Whereas, Employee Is the Sole Owner and Chairman of the Board of Directors and the Chief Executive Officer of Forward Industries (Asia-Pacific) Corporation (“Buyer”);
12/34/56
EX-10.2
from 8-K
2 pages
Re: Agreements Regarding Deferred Payments Under That Certain Buying Agency and Supply Agreement Made as of September 9, 2015 (The “Original Agreement”) by and Between Forward Industries, Inc., a New York Corporation (“Principal”) and Forward Industries (Asia-Pacific) Corporation, a Bvi Registered Corporation (“Agent”) and That Certain Proposed Successor Buying Agency and Supply Agreement by and Between Principal and Agent (The “New Agreement”), Which Is Being Executed Simultaneously and as Partial Consideration for This Agreement. Gentlemen/Ladies
12/34/56
