0001003297-03-000387 Sample Contracts

Contract
Employment Agreement • October 1st, 2003 • Forward Industries Inc • Plastics products, nec • New York

EMPLOYMENT AGREEMENT (this "Agreement"), dated as of the 30th day of September, 2003, and effective as of October 1, 2003 (the "Effective Date") between Forward Industries, Inc., a New York corporation with offices at 1801 Green Road, Suite E, Pompano Beach, Florida 33064 (the "Company"), and Michael Schiffman, residing at 7921 Tennyson Court, Boca Raton, Florida 33433 ("Executive").

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