KINGSWAY AMERICA INC. Itasca, Illinois 60143 December 7, 2016Fundamental Global Investors, LLC • December 8th, 2016 • Fire, marine & casualty insurance
Company FiledDecember 8th, 2016 IndustryThis letter is being delivered in connection with the purchase from Kingsway America Inc. (“Seller”) by Ballantyne Strong, Inc. (“Purchaser”) of 100,000 shares of common stock, par value $0.001 (the “Securities”), of 1347 Property Insurance Holdings, Inc. (the “Company”) at a purchase price of $7.57 per share.