Amendment No. 5 to Buying Agency and Supply Agreement Forward Industries (Asia-Pacific) Corporation
October 21, 2020
Forward Industries Asia-Pacific Corporation
10F-5 No. 16, Lane 609
Chung Shin Road, Section 5
San Chung District
New Taipei City, Taiwan, Republic of China
Attention: Mr. Terrance Wise
This documents our understanding regarding the extension of the Term of that certain Buying Agency and Supply Agreement between Forward Industries, Inc. (“Forward”) and Forward Industries (Asia-Pacific) Corporation (“Forward China”) dated September 9, 2015, as amended (the “Agreement”). For good and valuable consideration, which is hereby acknowledged, Forward China has agreed to extend the Term of the Agreement until October 22, 2023. The extension is effective as of October 22, 2020. Forward and Forward China agree to review the terms of the Agreement on an annual basis. Section 8 of the Agreement is hereby amended to reflect the extension of the Term.
If you are agreeable to the foregoing, please sign below.
|Anthony Camarda, CFO of Forward Industries, Inc.|
I hereby agree:
Terrance Wise, Principal of Forward Industries (Asia-Pacific) Corporation