Promissory Note Maturity Extension Agreement between Forward Industries, Inc. and Forward Industries (Asia-Pacific) Corporation

Contract Categories: Business Finance › Modification Agreements
Summary

Forward Industries, Inc. and Forward Industries (Asia-Pacific) Corporation have agreed to extend the maturity date of a $1.6 million promissory note from January 18, 2019, to April 18, 2019. This extension is subject to approval by the Board of Directors of Forward Industries, Inc. The agreement is confirmed by both parties' representatives.

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EX-4.2 2 exhibit4-2.htm Exhibit 4.2

Exhibit 4.2

 

January 14, 2019

 

 

                                Re: Forward Industries, Inc.

                                                                                    

Ladies and Gentlemen,

 

                I am writing to you and confirming that, subject to the approval of the Board of Directors of Forward Industries, Inc., I hereby agree to extend the maturity date of my $1.6 million promissory note issued by the Company to Forward Industries (Asia-Pacific) Corporation from January 18, 2019 to April 18, 2019.   If you are agreeable, please sign below.

 

                                                                            

    Sincerely yours,

 

 

 

By: /s/ Terence Wise

      Terence Wise, Principal of Forward Industries (Asia-Pacific) Corporation

 

 

 

 

Accepted by:

 

 

By: /s/ Michael Matte

       Michael Matte, Chief Financial Officer of Forward Industries, Inc.