Forward Industries extends related-party debt maturity; cuts subsidiary CEO salary

Forward Industries, Inc.

Extended maturity of $1.6M promissory note (reduced to $600K after $1M payments) to June 30, 2025.
Note is with Forward Industries (Asia-Pacific) Corp., an entity owned by the Chairman and CEO.
Tom KraMer's base salary as President/CEO of Kablooe reduced from $250K to $225K, effective Nov 1, 2024.

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