0000950124-07-004386 Sample Contracts

ASSET ACCEPTANCE CAPITAL CORP. 2004 STOCK INCENTIVE PLAN (as amended and restated effective May 22, 2007) Restricted Stock Unit Award Agreement Award No.
Restricted Stock Unit Award Agreement • August 20th, 2007 • Asset Acceptance Capital Corp • Short-term business credit institutions • Michigan

You are hereby awarded Restricted Stock Units (the “RSUs”) subject to the terms and conditions set forth in this Restricted Stock Unit Award Agreement (the “Award Agreement” or “Award”), and in the Asset Acceptance Capital Corp. 2004 Stock Incentive Plan (the “Plan”), as amended and restated effective May 22, 2007. A copy of the Plan is attached as Annex A and a summary of the Plan appears in its Prospectus, which is attached as Annex B. The Plan shall control over the prospectus in the event of any conflict or inconsistency between them. You should carefully review these documents, and consult with your personal financial advisor, in order to fully understand the implications of this Award Agreement, including your tax alternatives and their consequences.

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NONQUALIFIED STOCK OPTION AGREEMENT
Nonqualified Stock Option Agreement • August 20th, 2007 • Asset Acceptance Capital Corp • Short-term business credit institutions • Michigan

This NONQUALIFIED STOCK OPTION AGREEMENT (the “Agreement”) is made as of August 7, 2007 (the “Grant Date”) by and between ASSET ACCEPTANCE CAPITAL CORP., a Delaware corporation (the “Corporation”), and (the “Optionee”).

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