Hyperscale Data, Inc. — Director's Dealing 2020

Feb 27, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DPW Holdings, Inc. (DPW)
CIK: 0000896493
Period of Report: 2020-02-05

Reporting Person: Ault & Company, Inc. (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-05	8% Convertible Promissory Note	$1.45	J	1	Acquired		Common Stock (689655)	Direct

Footnotes

F1: On February 5, 2020, the Issuer sold and issued an 8% Convertible Promissory Note in the principal amount of $1,000,000 (the "Note") to the Reporting Person, which Note is convertible into shares of the Issuer's common stock, par value $0.001 per share (the "Common Stock") at a conversion price of $1.45 per share. Conversion of the Note is subject to the approval of the Issuer's stockholders at a special meeting thereof, as required by Rule 713(a)(ii) of the NYSE Company Guide, and subsequently, the authorization from the NYSE American (the "Required Approvals").

F2: After the Issuer's receipt of the Required Approvals, the Note shall be convertible, at the election of the Reporting Person, prior to payment, or prepayment, in full by or on August 5, 2020.

F3: Excludes shares issuable at the election of the Reporting Person upon conversion of accrued interest (both past and future) into shares of Common Stock.