Universal Security extends CEO Harvey Grossblatt's contract through July 2023

UNIVERSAL SAFETY PRODUCTS, INC.

Employment term extended one year to July 31, 2023 via Addendum dated July 22, 2022.
Bonus threshold maintained at 4% of shareholders' equity as of April 1, 2022 for fiscal year starting April 1, 2022.
No changes to other terms of the Second Amended and Restated Employment Agreement.

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