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

Number of Shares; Exercise Price; Term. This certifies that, in partial consideration of entering into that certain Consulting Services Agreement ("Agreement") dated August 8, 2000 by and among Automotive Associates International, LLC ("AAI") and Universal Automotive Industries, Inc., a Delaware corporation (the "Company"), Edwxxx X. Xxxxxx (xhe "Holder") is entitled, upon the terms and subject to the conditions hereinafter set forth, at any time after August 11, 2000 and at or prior to 11:59 p.m. Central Time, on August 11, 2003 (the "Expiration Time"), but not thereafter, to acquire from the Company, in whole or in part, from time to time, up to 10,000 fully paid and non-assessable shares (the "Shares") of common stock, $.01 par value, of the Company ("Common Stock") at a purchase price per Share of $2.326 per share (equal to one hundred twenty percent (120%) of the bid price at the close of trading on August 11, 2000 as specified in the Agreement). 2.

Number of Shares; Exercise Price; Term. This certifies that, in partial consideration of entering into that certain Consulting Services Agreement ("Agreement") dated August 8, 2000 by and among Automotive Associates International, LLC ("AAI") and Universal Automotive Industries, Inc., a Delaware corporation (the "Company"), Edwxxx Robxxx X. Xxxxxx (xhe "Holder") is entitled, upon the terms and subject to the conditions hereinafter set forth, at any time after August 11, 2000 and at or prior to 11:59 p.m. Central Time, on August 11, 2003 (the "Expiration Time"), but not thereafter, to acquire from the Company, in whole or in part, from time to time, up to 10,000 5,000 fully paid and non-assessable shares (the "Shares") of common stock, $.01 par value, of the Company ("Common Stock") at a purchase price per Share of $2.326 per share (equal to one hundred twenty percent (120%) of the bid price at the close of trading on August 11, 2000 as specified in the Agreement). 2.

Number of Shares; Exercise Price; Term. This certifies that, in partial consideration of entering into that certain Consulting Services Agreement ("Agreement") dated August 8, 2000 by and among Automotive Associates International, LLC ("AAI") and Universal Automotive Industries, Inc., a Delaware corporation (the "Company"), Edwxxx X. Xxxxxx VI Partners I LLC (xhe the "Holder") is entitled, upon the terms and subject to the conditions hereinafter set forth, at any time after August 11, 2000 and at or prior to 11:59 p.m. Central Time, on August 11, 2003 (the "Expiration Time"), but not thereafter, to acquire from the Company, in whole or in part, from time to time, up to 10,000 25,000 fully paid and non-assessable shares (the "Shares") of common stock, $.01 par value, of the Company ("Common Stock") at a purchase price per Share of $2.326 per share (equal to one hundred twenty percent (120%) of the bid price at the close of trading on August 11, 2000 as specified in the Agreement). 2.

Number of Shares; Exercise Price; Term. This certifies that, in partial consideration of entering into that certain Consulting Services Agreement ("Agreement") dated August 8, 2000 by and among Automotive Associates International, LLC ("AAI") and Universal Automotive Industries, Inc., a Delaware corporation (the "Company"), Edwxxx Johx X. Xxxxxx Xxxxxxx (xhe "Holder") is entitled, upon the terms and subject to the conditions hereinafter set forth, at any time after August 11, 2000 and at or prior to 11:59 p.m. Central Time, on August 11, 2003 (the "Expiration Time"), but not thereafter, to acquire from the Company, in whole or in part, from time to time, up to 10,000 fully paid and non-assessable shares (the "Shares") of common stock, $.01 par value, of the Company ("Common Stock") at a purchase price per Share of $2.326 per share (equal to one hundred twenty percent (120%) of the bid price at the close of trading on August 11, 2000 as specified in the Agreement). 2.