LESS FAVORABLE TERMS
THAN AGENT RECEIVED FROM ITS SUPPLIERS.
FOR EXAMPLE, IF AGENT IS AFFORDED NET
60 DAY TERMS FROM ITS SUPPLIERS, THE SAME TERMS SHALL APPLY TO THE PAYMENT OF
SERVICE FEES HEREUNDER.
4.
SECTION 6E OF THE AGREEMENT IS HEREBY AMENDED BY INSERTING THE
FOLLOWING AT THE END THEREOF:
" ANYTHING HEREIN TO THE CONTRARY
NOTWITHSTANDING, PRINCIPAL ACKNOWLEDGES THAT AGENT MAY DO BUSINESS WITH KITREX
CORPORATION, AN AFFILIATE OF TERRY WISE, IN THE PRODUCTION OF THE PRODUCTS.
5.
SECTION 8 OF THE AGREEMENT IS HEREBY AMENDED BY EXTENDING THE TERM
TO EXPIRE ON MARCH 11, 2015.
6.
EXCEPT AS SPECIFICALLY AMENDED HEREIN, THE LICENSE SHALL REMAIN IN
FULL FORCE AND EFFECT WITHOUT AMENDMENT.
IN WITNESS WHEREOF, the parties have executed this amendment as of the day and
date first above written.
FORWARD INDUSTRIES, INC.
By:
/s/ James O. McKenna III
Name:
James O. McKenna III
Title:
Vice President and Chief Financial Officer
FORWARD INDUSTRIES (ASIA-PACIFIC) CORPORATION
By:
/s/ Terence Wise
Name:
Terence Wise
Title:
Principal
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