Universal Insurance Holdings Inc (UVE)

[TechKim]

1. Option was granted in connection with the appointment of Ozzie A. Schindler to the Board of Directors of Universal Insurance Holdings, Inc. ("Universal") and the related Non-Qualified Stock Option Agreement for Non-Employee Directors by and between Universal and Mr. Schindler dated, January 9, 2007.
2. Option was granted in connection with (i) the execution of a Director Services Agreement by and between Universal and Mr. Schindler and (ii) the related Non-Qualified Stock Option Agreement for Non-Employee Directors by and between Universal and Schindler, each dated July 12, 2007.