EXHIBIT 10.16 Congress Talcott Corporation 1133 Avenue of the Americas New York NY 10036 212 840 2000 Congress Talcott January 2, 1997 Mr. Harvey Grossblatt Universal Security Instruments, Inc. 10324 So. Dolfield Road Owings Mills, MD 21117 Gentlemen:...Discount Factoring Agreement • July 11th, 1997 • Universal Security Instruments Inc • Wholesale-electronic parts & equipment, nec
This letter will modify and amend the Discount Factoring Agreement between us dated February 28, 1995 (as amended) effective January 1, 1997 as follows:
