Buying Agency and Supply Agreement Sample Contracts

EX-10 2 ex10-7.htm BUYING AGENCY AND SUPPLY AGREEMENT
Buying Agency and Supply Agreement • May 5th, 2020 • New York

This Agreement, made as of September 9, 2015 by and between FORWARD INDUSTRIES, INC. a New York corporation (hereafter referred to as “Principal”), having an address at 477 S. Rosemary Ave. Ste 219, West Palm Beach, Florida 33410 and FORWARD INDUSTRIES (ASIA-PACIFIC) CORPORATION, a BVI registered corporation wholly-owned by Terence Bernard Wise (hereinafter referred to as “Agent”) having an address at 10F-5 No.16, Lane 609, Chung Shin Road, Section 5, San Chung District, New Taipei City, Taiwan, Republic of China.

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BUYING AGENCY AND SUPPLY AGREEMENT
Buying Agency and Supply Agreement • November 8th, 2023 • Forward Industries, Inc. • Plastics products, nec

This Agreement, made as of ________ by and between FORWARD INDUSTRIES, INC. a New York corporation (hereafter referred to as “Principal”), having an address at 700 Veterans Memorial Highway, Suite 100, Hauppauge, NY 11788 and FORWARD INDUSTRIES (ASIA-PACIFIC) CORPORATION, a BVI registered corporation wholly-owned by Terence Bernard Wise (hereinafter referred to as “Agent”) having an address at 10F-5 No.16, Lane 609, Chung Shin Road, Section 5, San Chung District, New Taipei City, Taiwan, Republic of China.

FORWARD INDUSTRIES, INC. November 13, 2024
Buying Agency and Supply Agreement • November 18th, 2024 • Forward Industries, Inc. • Plastics products, nec

This letter agreement documents our understanding regarding Forward Industries, Inc. (the “Company”) and Forward Industries (Asia-Pacific) Corporation (“FC”) extending and revising certain terms contained in that certain Buying Agency and Supply Agreement dated November 2, 2023 (the “Agency Agreement”). We refer herein to the Company and FC as a “Party” or collectively as the “Parties”. Capitalized terms not defined herein shall have the meanings ascribed to them in the Agency Agreement.

AMENDMENT NO .2 AMENDED AND RESTATED BUYING AGENCY AND SUPPLY AGREEMENT
Buying Agency and Supply Agreement • May 14th, 2015 • Forward Industries Inc • Plastics products, nec

This Agreement, made as of the 17th day of February, 2015. by and between FORWARD INDUSTRIES, INC, a New York corporation, having an address at 477 Rosemary Ave., West Palm Beach. FL 33410 (hereafter referred to as “Principal”), and FORWARD INDUSTRIES (ASIA-PACIFIC) CORPORATION (formerly known as Seaton Global Corporation), a BVI registered corporation. having an address at 10F-5 No.16, Lane 609, Chung Shin Road, Section 5, San Chung District, New Taipei City, Taiwan, Republic of China (hereinafter referred to as “Agent”).

AMENDMENT NO. 1 AMENDED AND RESTATED BUYING AGENCY AND SUPPLY AGREEMENT
Buying Agency and Supply Agreement • May 15th, 2014 • Forward Industries Inc • Plastics products, nec

This Agreement, made as of the 11th day of March, 2014, by and between FORWARD INDUSTRIES, INC. a New York corporation, having an address at 477 Rosemary Ave., West Palm Beach, FL 33410 (hereafter referred to as “Principal”), and FORWARD INDUSTRIES (ASIA-PACIFIC) CORPORATION (formerly known as Seaton Global Corporation), a BVI registered corporation, having an address at 10F-5 No.16, Lane 609, Chung Shin Road, Section 5, San Chung District, New Taipei City, Taiwan, Republic of China (hereinafter referred to as “Agent”).

Forward Industries, Inc.
Buying Agency and Supply Agreement • August 14th, 2017 • Forward Industries Inc • Plastics products, nec

In connection with that certain Buying Agency and Supply Agreement between Forward Industries, Inc. (“Forward”) and Forward Industries (Asia-Pacific) Corporation (“Forward China”) dated September 9, 2015 (the “Agreement”), Forward pays a Service Fee (as defined in the Agreement) to Forward China. The Agreement provides for the Service Fee to be renegotiated in the event that Forward’s Gross Sales significantly decreases (20% or more) in two consecutive quarters; Forward has seen such a significant decrease in more than two consecutive quarters. In consideration for $100 and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, effective April 1, 2017, Forward China agrees to forgo its rights to the payment of the 4% portion of the Service Fee until such time as the earlier of: (i) the end of Forward’s 2017 fiscal year end, and (ii) Forward China and Forward renegotiate the Service Fee as provided for in the Agreement.

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