EX-4
from SC 13D
1 page
Receipt I, Robert F. Gorman, Acknowledge That I Have Informed Universal Automotive Industries, Inc. (The "Company") That I Have Agreed to Exercise My Right Set Forth in That Certain Unsecured Demand Promissory Note Dated March 19, 2002 (The "Note"), in the Original Principal Amount of $53,000, That I Will Accept Payment in Full of All Indebtedness Owed to Me Under Such Note in the Form of a Combination of Common Stock and Cash. I Acknowledge Receipt on the Date Hereof of 20,000 Shares of the Common Stock of the Company, Par Value $.01 Per Share, and Cash in the Amount of $745.00, in Check Payable to Me, in Full Payment of All Indebtedness Owed to Me by the Company Under Such Note. in Witness Whereof, I Have Caused This Receipt to Be Executed and Delivered This 5 Day of September, 2002. /S/ Robert F. Gorman Robert F. Gorman
12/34/56
