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SURGE COMPONENTS, INC.
1016 Grand Boulevard
Deer Park, New York 11729
TO ALL SHAREHOLDERS
OF SURGE COMPONENTS, INC.
Dear Shareholder:
We are writing this to notify all holders of Common Shares, par value
$.001 per share of Surge Components, Inc. ("Surge" or "Us") that the Board of
Directors have, at a recent special meeting of the Board of Directors,
unanimously approved an amendment to the by-laws of Surge (the "By-Laws")
reducing the company's quorum requirements from a majority of the issued and
outstanding shares entitled to vote to one-third of such shares.
Our By-Laws now provide that a minimum of one-third of the issued and
outstanding shares of the corporation entitled to vote at the meeting, are
required in present or by proxy in order to constitute a quorum for the purposes
of transacting any business.
Accordingly, Section 5 of the By-Laws has been amended to read, in
relevant part, as follows:
"SECTION 5. Quorum. At all meetings of the shareholders, the holders of
one-third of the shares of the Corporation issued and outstanding and entitled
to vote thereat shall be present in person or by proxy to constitute a quorum
for the transaction of business, except as otherwise provided by statute."
Thank you.
Surge Components, Inc.
Ira Levy, President
