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FORD > SEC Filings for FORD > Form 8-K on 19-Mar-2014All Recent SEC Filings

Show all filings for FORWARD INDUSTRIES INC



Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement.

On March 13, 2014 Forward Industries, Inc., New York corporation (the "Company"), entered into Amendment No. 1 to Amended and Restated Buying Agency and Supply Agreement (the "Amendment") with Forward Industries (Asia-Pacific) Corporation (formerly known as Seaton Global Corporation), a BVI corporation ("Agent"), dated as of March 11, 2014. The Amendment extends the term until March 11, 2015, and amends certain other provisions as provided therein. The Buying Agency and Supply Agreement, as amended, provides that, upon the terms and subject to the conditions set forth therein, Agent shall act as the Company's exclusive buying agent and supplier of Products (as defined in the agreement) in the Asia-Pacific region. The Company shall purchase products at Agent's cost, and shall pay a service fee to Agent. Terence Wise, a director of the Company, is a principal of Agent.

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