DAVID ELLIOT LAZAR New York, New York 10036 November 30, 2020DPW Holdings, Inc. • December 3rd, 2020 • Electronic components, nec
This letter is being delivered in connection with the purchase from Activist Investing LLC, Custodian Ventures LLC, and David Elliot Lazar (collectively, the “Seller”) by DPW Holdings, Inc. (the “Purchaser”) of the Seller’s collective 228,967 shares of common stock, par value $0.01 (the “Securities”), of Universal Security Instruments, Inc. (the “Company”) at a purchase price of $3.10 per share.
