Council Members Present:
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Hart Lambur
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Jonathan Alexander
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Juan Garre
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Kubi Mensah
Opening
The Council meeting opened at approximately 2:00 pm (UTC) on October 17, 2025. It was noted that proper notice had been provided to the Council in accordance with the Bylaws. Four of the Council Members were in attendance and the meeting had a quorum. The Council consented to the appointment of certain third-party notetakers and attendees.
It was noted that certain Council discussions would be sufficiently sensitive that they should be excluded from meeting notes according to the Bylaws, in particular certain topics protected by non-disclosure agreements. These minutes have excluded certain sensitive details concerning such subject matter.
Council Composition
It was noted with sadness the passing of Mat Travizano, a valued member of the Council, on September 13, 2025. The Council expressed its condolences to Mat’s family and acknowledged his significant contributions to the Forta ecosystem. The Council discussed the process to add a new member of the Council and update the Foundation multisignature wallets at such time that a new member is added, if any.
Forta Network
It was noted that the Forta Network continued to operate normally and that a significant number of node operators remained active, however activity on the network had minimized. The Council discussed the fact that certain Forta Network smart contracts and related software used to participate in the Forta Network were set to become open source under the GNU General Public License 3.0 license on January 1, 2026 pursuant to the respective Forta Network Licenses. Discussion ensued regarding the future of the Forta Network and the continued interest in real-time monitoring. After all questions were answered to the satisfaction of the Council, it was concluded that the Council would continue to monitor activity in the Forta Network and determine if any actions would be required by the Foundation in future meetings.
Firewall
A member of the Forta Foundation provided a presentation to the Council regarding the Forta Firewall solution. The Council discussed the market analysis provided and the pipeline of candidates for potential adoption of Firewall. Discussion ensued regarding the technical compatibility of various blockchain networks with Firewall. It was noted that in addition to Firewall’s capabilities regarding simulating and blocking transactions prior to execution, the Firewall product was also capable of real-time monitoring of executed transactions. The Council discussed opportunities for expansion of Firewall’s capabilities and it was agreed that the Foundation should continue exploring further opportunities for Firewall in accordance with its mission.
Financial Update & Staff Grants
A presentation regarding the operational expenses of the Foundation and its funding efforts was provided to the Council. A Council member made a proposal to update the Foundation token plan in order to provide FORT grants to certain Foundation staff members who had fully vested their original grants. Following discussion, the Council concluded that the Foundation remained in a healthy position to continue to carry out its mission and that the token plan should be amended and restated to allow for further grants and that the proposed grants be approved.
There being no further matters to discuss, the meeting was adjourned.
Following the Council Meeting, the proposal for the Foundation to amend and restate the Foundation token plan and make certain grants thereunder was passed by the Council as an async proposal following the approval of more than half of the active Council members in accordance with the Bylaws.