Common use of Number of Shares; Exercise Price; Term Clause in Contracts

Number of Shares; Exercise Price; Term. As of October 16, 2001, in partial consideration for entering into that certain Consulting Agreement dated October 16, 2001 by and between Xxxxxxxxx Securities, Inc. ("Holder"), and Universal Automotive Industries, Inc., a Delaware corporation (the "Company"), the Company agreed to issue a warrant (the "Original Warrant") to Holder to acquire from the Company up to 200,000 shares (the "Shares") of common stock, $0.01 par value, of the Company ("Common Stock") on the terms and conditions set forth in the Original Warrant. Holder has transferred a portion of the Original Warrant entitling the transferees thereof to acquire from the Company a total of 140,000 Shares of Common Stock upon the terms and subject to the conditions set forth in separate warrant agreements, and retained the right to acquire 30,000 Shares of Common Stock upon the terms and subject to the conditions hereinafter set forth and the right to acquire an additional 30,000 Shares upon the terms and conditions set forth in a separate warrant agreement. Xxxxxx is entitled at any time after October 16, 2002 and at or prior to 11:59 p.m. Central Time, on October 16, 2005 (the "Expiration Time"), but not thereafter, to acquire from the Company, in whole or in part, from time to time, up to 30,000 fully paid and nonassessable Shares at a purchase price of $2.50 per Share. Such number of Shares and Exercise Price are subject to adjustment as provided herein, and all references to "Common Stock" and "Exercise Price" herein shall be deemed to include any such adjustment or series of adjustments.

Number of Shares; Exercise Price; Term. As of October 16, 2001, in In partial consideration for entering into that certain Consulting Investment Banking Agreement dated October 16effective as of June 30, 2001 2003 by and between Xxxxxxxxx SecuritiesX.X. Xxxxxx & Company, Inc. L.L.C. ("HolderXxxxxx Company"), ) and Universal Automotive Industries, Inc., a Delaware corporation (the "Company"), the Company agreed to issue issued a warrant (the "Original Warrant") to Holder Xxxxxx Company to acquire from the Company up to 200,000 100,000 shares (the "Shares") of common stock, $0.01 par value, of the Company ("Common Stock") on the terms and conditions set forth in the Original Warrant. Holder Xxxxxx Company has transferred a portion of to X.X. Xxxxxx Partners, LLP ("Holder") the Original Warrant entitling the transferees thereof Holder to acquire from the Company a total of 140,000 Shares of Common Stock upon the terms and subject to the conditions set forth in separate warrant agreements, and retained the right to acquire 30,000 100,000 Shares of Common Stock upon the terms and subject to the conditions hereinafter set forth and the right to acquire an additional 30,000 Shares upon the terms and conditions set forth in a separate warrant agreementforth. Xxxxxx Holder is entitled entitled, at any time after October 16from the date of this Warrant, 2002 and subject to the vesting schedule attached hereto as Exhibit A, and at or prior to 11:59 p.m. Central Time, on October 16June 30, 2005 2006 (the "Expiration Time"), but not thereafter, to acquire from the Company, in whole or in part, from time to time, up to 30,000 100,000 fully paid and nonassessable Shares shares (the "Shares") of common stock, $.01 par value, of the Company ("Common Stock") at a purchase price of $2.50 .75 per Share. Such number of Shares and Exercise Price are subject to adjustment as provided herein, and all references to "Common Stock" and "Exercise Price" herein shall be deemed to include any such adjustment or series of adjustments.

Number of Shares; Exercise Price; Term. As of October 16, 2001, in partial consideration for entering into that certain Consulting Agreement dated October 16, 2001 (the "Consulting Agreement"), by and between Xxxxxxxxx Securities, Inc. ("HolderXxxxxxxxx"), ) and Universal Automotive Industries, Inc., a Delaware corporation (the "Company"), the Company agreed to issue a warrant (the "Original Warrant") to Holder Xxxxxxxxx to acquire from the Company up to 200,000 shares (the "Shares") of common stock, $0.01 par value, of the Company (the "Common Stock") on the terms and conditions set forth in the Original WarrantConsulting Agreement. Holder Xxxxxxxxx has transferred to Xxxxx Xxxxxxx ("Holder") a portion of the Original Warrant entitling the transferees thereof Holder to acquire from the Company a total of 140,000 7,000 Shares of Common Stock upon the terms and subject to the conditions set forth in separate warrant agreementsherein. Holder is entitled, and retained the right to acquire 30,000 Shares of Common Stock upon the terms and subject to the conditions hereinafter set forth and the right to acquire an additional 30,000 Shares upon the terms and conditions set forth in a separate warrant agreement. Xxxxxx is entitled forth, at any time after October 16, 2002 and at or prior to 11:59 p.m. Central Time, on October 16, 2005 (the "Expiration Time"), but not thereafter, to acquire from the Company, in whole or in part, from time to time, up to 30,000 7,000 fully paid and nonassessable Shares of Common Stock of the Company at a purchase price of $2.50 2.00 per Share. Such number of Shares and Exercise Price are subject to adjustment as provided herein, and all references to "Common Stock" and "Exercise Price" herein shall be deemed to include any such adjustment or series of adjustments.

Number of Shares; Exercise Price; Term. As of October 16, 2001, in partial consideration for entering into that certain Consulting Agreement dated October 16, 2001 (the "Consulting Agreement"), by and between Xxxxxxxxx Securities, Inc. ("HolderXxxxxxxxx"), ) and Universal Automotive Industries, Inc., a Delaware corporation (the "Company"), the Company agreed to issue a warrant (the "Original Warrant") to Holder Xxxxxxxxx to acquire from the Company up to 200,000 shares (the "Shares") of common stock, $0.01 par value, of the Company (the "Common Stock") on the terms and conditions set forth in the Original WarrantConsulting Agreement. Holder Xxxxxxxxx has transferred to Xxxxx Xxxxxxx ("Holder") a portion of the Original Warrant entitling the transferees thereof Holder to acquire from the Company a total of 140,000 7,000 Shares of Common Stock upon the terms and subject to the conditions set forth in separate warrant agreementsherein. Holder is entitled, and retained the right to acquire 30,000 Shares of Common Stock upon the terms and subject to the conditions hereinafter set forth and the right to acquire an additional 30,000 Shares upon the terms and conditions set forth in a separate warrant agreement. Xxxxxx is entitled forth, at any time after October 16, 2002 and at or prior to 11:59 p.m. Central Time, on October 16, 2005 (the "Expiration Time"), but not thereafter, to acquire from the Company, in whole or in part, from time to time, up to 30,000 7,000 fully paid and nonassessable Shares of Common Stock of the Company at a purchase price of $2.50 per Share. Such number of Shares and Exercise Price are subject to adjustment as provided herein, and all references to "Common Stock" and "Exercise Price" herein shall be deemed to include any such adjustment or series of adjustments.

Number of Shares; Exercise Price; Term. As of October 16, 2001, in In partial consideration for entering into the First Amendment (the "Amendment"), effective as of August 4, 2003, to that certain Consulting Investment Banking Agreement (the "Agreement") dated October 16June 30, 2001 2003, by and between Xxxxxxxxx SecuritiesX.X. Xxxxxx & Company, Inc. LLC ("HolderXxxxxx Company"), ) and Universal Automotive Industries, Inc., a Delaware corporation (the "Company"), the Company agreed to issue issued a warrant (the "Original Warrant") to Holder Xxxxxx Company to acquire from the Company up to 200,000 250,000 shares (the "Shares") of common stock, $0.01 par value, of the Company ("Common Stock") on the terms and conditions set forth in the Original Warrant. Holder Xxxxxx Company has transferred a portion of to X.X. Xxxxxx Partners, LLP ("Holder") the Original Warrant entitling the transferees thereof Holder to acquire from the Company a total of 140,000 Shares of Common Stock upon the terms and subject to the conditions set forth in separate warrant agreements, and retained the right to acquire 30,000 250,000 Shares of Common Stock upon the terms and subject to the conditions hereinafter set forth and the right to acquire an additional 30,000 Shares upon the terms and conditions set forth in a separate warrant agreementforth. Xxxxxx Holder is entitled at any time after October 16from the date of this Warrant, 2002 and subject to the vesting schedule attached hereto as Exhibit A, and at or prior to 11:59 p.m. Central Time, on October 16June 30, 2005 2006 (the "Expiration Time"), but not thereafter, to acquire from the Company, in whole or in part, from time to time, up to 30,000 250,000 fully paid and nonassessable Shares shares (the "Shares") of common stock, $.01 par value, of the Company ("Common Stock") at a purchase price of $2.50 .75 per Share. Such number of Shares and Exercise Price are subject to adjustment as provided herein, and all references to "Common Stock" and "Exercise Price" herein shall be deemed to include any such adjustment or series of adjustments.