Promissory Note Maturity Extension Agreement between Forward Industries, Inc. and Forward Industries (Asia-Pacific) Corporation
Forward Industries, Inc. and Forward Industries (Asia-Pacific) Corporation have agreed to extend the maturity date of a $1.6 million promissory note from April 18, 2019, to July 17, 2019. This extension is subject to approval by the Board of Directors of Forward Industries, Inc. The agreement is confirmed by Terence Wise, Principal of Forward Industries (Asia-Pacific) Corporation, and accepted by Michael Matte, CFO of Forward Industries, Inc.
Exhibit 4.1(b)
April 18, 2019
Forward Industries, Inc.
Attention: Michael Matte, CFO ***@***]
Re: Promissory Note
Ladies and Gentlemen,
I am writing to you and confirming that, subject to the approval of the Board of Directors of Forward Industries, Inc. (the “Company”), I hereby agree to extend the maturity date of that certain $1.6 million promissory note issued by the Company to Forward Industries (Asia-Pacific) Corporation from April 18, 2019 to July 17, 2019.
| Sincerely yours, |
| /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 |
