Amendment No. 1 to Promissory Note dated January 18, 2018 - Forward Industries (Asia-Pacific)
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.
By: /s/ Terence Wise
Terence Wise, Principal of Forward Industries (Asia-Pacific) Corporation
By: /s/ Michael Matte
Michael Matte, Chief Financial Officer of Forward Industries, Inc.