STOCK PURCHASE AGREEMENT

This Stock Purchase Agreement (this "Agreement"), dated as of December 7,
1995, is by and among UNIQUE MOBILITY, INC., a Colorado corporation ("Unique"),
and INVACARE CORPORATION, an Ohio corporation ("Invacare"). 
     

                                RECITALS

Invacare desires to purchase and Unique desires to sell shares of common
stock, $.01 par value ("Common Stock") of Unique, and the parties desire to 
enter into a supply agreement giving Invacare exclusive worldwide rights to use
and sell motors developed and manufactured by Unique for application to 
motorized wheelchairs and other medical products, on the terms and conditions 
set out below. Certain capitalized terms are defined in section 7.15 hererof.

NOW, THEREFORE, in consideration of and subject to the agreements,
terms and conditions contained herein, the parties hereto agree as follows: 

                                ARTICLE I

      SALE OF STOCK; SUPPLY AGREEMENT; CONFIDENTIALITY AGREEMENT

1.1   Sale of Common Stock. Unique hereby agrees to sell and Invacare hereby
      agrees to purchase, on the terms and conditions set forth herein, that 
      number of shares of the Common Stock (the "Initial Shares") determined by
      dividing $500,000 by the Purchase Price (as defined in section 1.2) at the
      Initial Closing (as defined in Article II) and an additional number of 
      shares of Common Stock (the "Additional Shares," and with the Initial
      Shares, the "Shares") immediately after completion of Stage I as set forth
      on Annex 1 attached hereto (the "Second Investment Date"). The number of
      Additional Shares to be purchased on the Second Investment Date shall be 
      determined by dividing 50% of the  amount that the parties agree on the 
      Second Investment Date is then necessary to be spent by Unique for 
      production tooling, capital equipment and product launch for the 
      manufacture of products to be sold to Invacare pursuant to the Supply 
      Agreement by the Purchase Price.

      Certificates evidencing the Initial Shares and the Additional Shares, 
      properly endorsed or accompanied by appropriate stock powers, shall be 
      delivered to Invacare at the Initial Closing and on the Second Investment
      Date, respectively. 

1.2   Purchase Price. The purchase price for the Shares shall be the average
      Market Value (as defined in Section 7. 15) per Share for the 30 trading 
      days preceding the date of the Initial Closing and the Second Investment 
      Date, as the case may be. 

1.3   Supply and Confidentiality Agreements. As a condition to the obligation
      of the parties to purchase or sell the Additional Shares the parties must
      have executed a mutually acceptable Supply Agreement with respect to the
      sale of motors by Unique to Invacare and must have executed a mutually 
      acceptable Confidentiality Agreement to supersede the Proprietary 
      Information Exchange Agreement executed by the parties on December 16.
      1993. 
<PAGE>
                                ARTICLE II
 
                                  CLOSING


Subject to the conditions stated in this Agreement, the closing (the "Initial
Closing") of the sale and purchase of the Initial Shares shall take place at the
offices of Holme Roberts & Owen LLC in Denver, Colorado at 2:30 p.m. (local 
time) on December 7, 1995. At the Closing, the parties hereto shall cause to be
executed, delivered or filed all items required to be executed, delivered or
filed at the Initial Closing. 

                               ARTICLE III

                 REPRESENTATIONS AND WARRANTIES OF UNIQUE

Unique represents and warrants to Invacare as follows: 

3.1    Organization of Unique. Unique is a corporation duly organized, validly
       existing and in good standing under the laws of the State of Colorado, 
       has all requisite corporate power and authority to own, lease and operate
       its properties and to carry on its business as currently conducted and is
       duly qualified to do business and is in good standing in the 
       jurisdictions where the nature of its business or the character of its
       properties makes such qualification necessary, and where the failure to 
       so qualify would have a material adverse effect on its assets, operations
       or financial condition, taken as a whole.  

3.2    Capitalization. The authorized capital stock of Unique consists of
       50,000,000 shares of Common Stock, of which 10,571,953 shares are issued
       and outstanding on the date of this Agreement. All of the outstanding 
       shares of Common Stock have been duly authorized and are validly issued, 
       fully paid and nonassessable. Unique has outstanding warrants, options 
       and rights to purchase shares of Common Stock as set forth in its Annual
       Report on Form 10-K for the fiscal year ended October 31, 1994 and its 
       Quarterly Report on Form 10-Q for the quarter ended July 31, 1995. 

3.3    Authority Relative to Agreement. Neither the execution and delivery of
       this Agreement by Unique nor consummation of the transactions 
       contemplated by this Agreement will conflict with or result in a breach 
       of any of the terms, conditions or provisions of Unique's Articles of 
       Incorporation or bylaws, or violate any statute or regulation, or any 
       judgment, order, injunction, decree or ruling of any court or
       governmental authority, or (subject to obtaining any required consents) 
       result in any material breach of any of the terms or provisions of, or 
       result in a default under, or invalidate or give any other party any 
       right of cancellation or termination of any agreement, contract, license 
       or commitment to which Unique is a party or by which Unique is bound, 
       which breach, default, invalidation, cancellation or termination would 
       have a material adverse effect on the assets, operations or financial 
       condition of Unique, taken as a whole. 
<PAGE>

3.4    SEC Reports. Unique has made available to Invacare a true and complete
       copy of each report, schedule, registration statement and definitive 
       proxy statement filed by Unique with the Securities and Exchange 
       Commission ("Commission") since October 31, 1992 (as such documents 
       have since the time of their filing been amended, the "SEC Reports") 
       which are all the documents (other than preliminary material) that Unique
       was required to file with the Commission since such date. As of their 
       respective dates, the SEC Reports complied in all material respects with
       the requirements of the Securities Act or the Exchange Act, as the case 
       may be, and the rules and regulations of the Commission thereunder 
       applicable to the SEC Reports, and none of the SEC Reports contained, as
       of the respective dates thereof, any untrue statement of a material fact
       or omitted to state a material fact required to be stated therein or 
       necessary to make the statements therein, in light of the circumstances
       under which they were made, not misleading. The financial statements of
       Unique included in the SEC Reports complied, as of the respective dates 
       thereof, as to form in all material respects with applicable accounting 
       requirements and with the published rules and regulations of the 
       Commission with respect thereto, and have been prepared in accordance
       with generally accepted accounting principles as of the respective dates
       thereof, applied on a consistent basis during the periods involved 
       (except as may be indicated in the notes thereto, or in the case of the
       unaudited statements, as permitted by Form 1 0-Q) and fairly present 
       (subject, in the case of the unaudited statement, to normal, recurring
       adjustments) the financial position of Unique as at the dates thereof and
       the results of its operations and cash flows (or changes in financial 
       position prior to the approval of FASB 95) for the periods then ended. 

3.5    Absence of Certain Changes. Since October 31, 1995 (i) the business of
       Unique has been conducted only in the ordinary course; (ii) there have 
       been no material adverse changes in the assets, operations or financial 
       condition of Unique, taken as a whole; and (iii) there has been no 
       material damage, destruction or loss, or other occurrence or development
       (whether or not insured against) which singly or in the aggregate 
       materially adversely affects the assets, operations or financial 
       condition of Unique, taken as a whole, and, to its best knowledge and 
       belief, there are no threatened occurrences or developments which would 
       materially adversely affect the assets, operations or financial condition
       of Unique, taken as a whole. 

3.6    Articles of Incorporation. Bylaws and Corporate Records. Copies of the
       Articles of Incorporation and bylaws of Unique, and all amendments 
       thereof, certified by the Secretary of Unique, which have been delivered
       to Invacare, are complete and correct. The minute books of Unique are 
       substantially complete and correctly reflect all corporate actions of 
       Unique requiring action by the directors or shareholders thereof, and 
       correctly record all resolutions of the board of directors of Unique. 
<PAGE>
                              
                                   ARTICLE IV

                  REPRESENTATIONS AND WARRANTIES OF INVACARE

Invacare represents and warrants to Unique as follows: 

4.1    Organization - Authority. Invacare is a corporation duly organized,
       validly existing and in good standing under the laws of the state of 
       Ohio, has all requisite power and authority to carry on its business as
       currently conducted and is duly qualified to do business and is in good 
       standing in the jurisdictions where such qualification is necessary. 
       Invacare has full corporate power and authority to execute, deliver and 
       perform this Agreement and has taken all corporate action required by 
       law, its Certificate of Incorporation, bylaws or otherwise, to 
       authorize the execution and delivery of this Agreement and consummation
       of the contemplated transactions. Neither the execution and delivery of
       this Agreement nor consummation of the transactions contemplated by this
       Agreement will conflict with or result in a breach of any of the terms, 
       conditions or provisions of Invacare's Certificate of Incorporation or 
       bylaws, or violate any statute or regulation, or any judgment, order, 
       injunction, decree or ruling of any court or governmental authority. 

4.2    Investment Purpose. Invacare is acquiring the Shares for its own account
       and not with a view to a sale or other distribution of all or any part 
       thereof. Invacare acknowledges that it has been advised that the Common 
       Stock is a speculative security, any return on which is not assured. 
       Invacare acknowledges that it has had an opportunity to ask questions of,
       and receive answers from, the officers of Unique concerning Unique and 
       the Common Stock, and has been provided with all information concerning
       Unique which Invacare has requested, which information constitutes all of
       the information considered necessary by Invacare to evaluate the 
       transaction described in this Agreement. Invacare is a resident of the 
       State of Ohio for purposes of determining the applicability of state 
       securities laws.
                  
                                   ARTICLE V

                              COVENANTS OF UNIQUE

Unique covenants and agrees as follows: 

5.1    Use of Proceeds. Unique shall use commercially reasonable efforts to
       apply the proceeds of the purchase of the Initial Shares as set forth in
       Annex 1 and in accordance with the budget, time schedule and 
       specifications set forth therein. 

5.2    Appointment of Board Member. Unique shall nominate one designee of
       Invacare to Unique's board of directors at every meeting of Unique's 
       shareholders held for the election of directors for so long as Invacare
       owns at least 100,000 shares of Common Stock and is not in default under
       this agreement, the Supply Agreement or the Confidentiality Agreement. 
<PAGE>

                                   ARTICLE VI

                               REGISTRATION RIGHTS

6.1    Sale or Transfer of Shares: Legend. 

       (a) The Registrable Shares shall not be sold or transferred unless either
           (i) they first shall have been registered under the Securities Act, 
           or (ii) the Company first shall have been furnished with an opinion
           of legal counsel, reasonably satisfactory to the Company, to the 
           effect that such sale or transfer is exempt from the registration 
           requirements of the Securities Act. 

       (b) Each certificate representing the Registrable Shares shall bear a 
           legend substantially in the following form: 
           
           "The shares represented by this certificate have not been registered
            under the Securities Act of 1933, as amended (the "Act"), and may 
            not be offered, sold, or otherwise transferred, pledged, or 
            hypothecated unless and until such shares are registered under the
            Act or an opinion of counsel satisfactory to the Company is
            furnished to the Company, to the effect that such registration is 
            not required." 

        The foregoing legend shall be removed from the certificates representing
        any Registrable Shares at the request of the holder thereof, at such 
        time as they become registered under the Securities act or eligible for
        resale pursuant to Rule 1 44(k) under the Securities Act. 

6.2     Required Registrations. 
    
        (a) Within 90 days following written notice from Invacare, the
            Company shall effect the registration of the Registrable Shares on 
            Form S- 1, Form S-2, Form S- 18 or Form S-3 (or any successor forms)
            or other appropriate Registration Statement. Any demand registration
            on Form S-1 or Form S-2 pursuant to this Section 6.2 must be
            underwritten on a firm commitment basis (provided, however, that the
            Company shall not be required to designate an underwriter in such 
            circumstances nor shall it be required to effect more than one such
            registration). 

        (b) The Company shall pay the registration expenses for the demand
            registration required hereunder, provided however, that any 
            underwriting discounts and selling commissions shall be borne by 
            Invacare. 

        (c) The Company shall as expeditiously as possible furnish to
            Invacare such reasonable number of copies of the proxy, including a
            preliminary proxy, in conformity with the requirements of the 
            Securities Act and such other documents as Invacare may reasonably
            request in order to facilitate the public sale or other disposition
            of the Registrable Shares owned by it. 
<PAGE>

6.3     Termination of Rights. The obligations of the Company to Invacare under
        this Section 6 shall terminate at such time as Invacare becomes eligible
        to sell Registrable Shares to the public pursuant to Rule 144 of the 
        Securities Act and owns less than 2 percent of the total number of 
        outstanding securities of the class to be sold. 
         
                                        ARTICLE VII

                                 MISCELLANEOUS PROVISIONS

7.1     Necessary Acts. All parties to this Agreement shall perform any and all
        acts as well as execute any and all documents that may be reasonably 
        necessary to fully carry out the provisions and intent of this 
        Agreement. 

7.2     Brokerage or Finders' Fees. Invacare and Unique represent to and agree
        with each other that no broker or finder has been involved in any manner
        in the negotiation, execution or consummation of this Agreement. Unique
        agrees to indemnify and save Invacare harmless from and against any and
        all claims, liabilities or obligations with respect to brokerage or 
        finders' fees or commissions in connection with the transactions 
        contemplated by this Agreement asserted by any person on the basis of 
        any statement or representation alleged to have been made by Unique.
        Invacare agrees to indemnify and save Unique harmless from and against
        any all such claims, liabilities or obligations with respect to 
        brokerage or finders' fees or commissions in connection with the 
        transactions contemplated by this Agreement asserted by any person or 
        persons on the basis of any statement or representation alleged to have 
        been made by Invacare. 

7.3     Access to Records. Throughout the period from the date hereof to the
        Closing Date, Unique shall afford to Invacare and its accountants and 
        other representatives access, during normal business hours, to all of 
        its properties, books, contracts, commitments and records and shall 
        furnish Invacare during such period with all such documents, copies of
        documents (certified if requested by Invacare) and information 
        concerning its affairs as Invacare may request.

7.4     Notices. Any and all notices, demands, requests or other communications
        required or permitted by this Agreement or by law to be served on, given
        to or delivered to any party hereto by any other party to this Agreement
        shall be in writing and shall be deemed duly served, given, received and
        delivered when personally delivered to the party, or in lieu of such
        personal delivery, five days after being sent by registered or certified
        mail,first-class postage prepaid, properly addressed to the respective 
        parties as follows: 

<PAGE>
             If to Unique:
             
             Donald A. French
             Unique Mobility, Inc.
             425 Corporate Circle
             Golden, CO 80401
               
             If to Invacare:
             
             Thomas R. Miklich
             Invacare Corporation
             899 Cleveland Street
             Elyria, Ohio 44036-2125
               
or to such other address as may be designated by any such addressees by a notice
given in conformity herewith. 

7.5    Binding on Successors. This Agreement shall inure to the benefit of and
       be binding on the parties hereto and on each of their respective heirs, 
       executors, administrators, personal representatives, successors and 
       assignees. 

7.6    Severability. Should any provision or portion of this Agreement be held
       unenforceable or invalid for any reason, the remaining provisions and 
       portions of this Agreement shall be unaffected by such holding, unless to
       do so would alter substantially the intended effect of this Agreement or
       cause a substantial hardship for any party hereto. 

7.7    Choice of Law and Forum. This Agreement shall be construed and
       governed by the laws, commercial usages and customs of the State of 
       Colorado, without giving effect to the principles of conflict of laws 
       thereof. In the event that any dispute, action, proceeding or litigation
       arises between the parties based on or arising out of this Agreement, or
       any agreement or instrument delivered pursuant to this Agreement, the 
       parties agree to submit themselves to and irrevocably consent to the 
       jurisdiction of the courts of the State of Colorado, and any federal 
       court located in the State of Colorado. 

7.8    Headings. The headings of the articles and sections of this Agreement
       have been inserted solely for convenience of reference and shall in no 
       way restrict or modify any of the terms or provisions hereof. 

7.9    Sole and Only Agreement. This Agreement and the Proprietary
       Information Exchange Agreement executed by the parties on December 16, 
       1993 constitute the sole and only agreement of the parties hereto 
       respecting the subject matter of this Agreement and correctly sets forth
       the rights, duties and obligations of each party to the other parties in 
       relation thereto as of its date. Any other prior agreements, promises,
       negotiations or representations concerning the subject matter of this 
       Agreement not expressly set forth in this Agreement shall have no force
       or effect. 
<PAGE>

7.10   Amendment and Extension. This Agreement may not be amended or
       extended except by an instrument in writing signed by each of the parties
       hereto. 

7.11   Counterparts. This Agreement may be executed in counterparts, each of
       which shall be deemed an original, but all of which taken together shall
       constitute one and the same agreement. 

7.12   Survival. All representations, warrants and covenants contained in this
       Agreement or in any document delivered pursuant hereto shall survive the
       Closing. 

7.13   Expenses. Each party shall bear its own expenses in connection with the
       negotiation, execution and performance of this Agreement. 

7.14   Public Announcement. Neither party shall make any public
       announcement regarding the transactions contemplated hereby without the
       approval of the other party, except as may be required by law. 

7.15.  Certain Definitions. As used in this Agreement, the following
       terms shall have the following respective meanings: 
       
       "Agreement" means this Stock Purchase Agreement. 
       "Common Stock" means the common stock, $.01 par value, of Unique. 
       "Exchange Act" means the Securities Exchange Act of 1934, as
           amended, or any similar Federal statute, and the rules and 
           regulations of the Commission issued under such Act, as they each 
           may, from time to time, be in effect. 
       "Market Value" of the Common Stock on a given day shall be the last
           reported sale price of the Common Stock on the American Stock 
           Exchange. 
       "Registration Statement" means a registration statement filed by the
           Company with the Commission for a public offering and sale of 
           securities of the Company (other than a registration statement on
           Form S-8 or Form S-4, or their successors, or any other form for a 
           limited purpose, or any registration statement covering only 
           securities proposed to be issued in exchange for securities or assets
           of another corporation). 
       "Registrable Shares" means (i) the shares of Common Stock
           purchased by Invacare pursuant to this Agreement, and (ii) any other
           shares of Common Stock of the Company issued in respect of such
           shares (because of stock splits, stock dividends, reclassifications,
           recapitalizations, or similar events). 
<PAGE>

       "Securities Act" means the Securities Act of 1933, as amended, or any
           similar Federal statute, and the rules and regulations of the 
           Commission issued under such Act. as they each may, from time to
           time, be in effect 

IN WITNESS WHEREOF, the parties hereto have each duly executed this
Agreement as of the day and year first written above. 

                                   Unique Mobility, Inc. 

                                   By:"William G. Rankin"
                                   William G. Rankin
                                   Executive Vice President
                                       

                                   Invacare Corporation
                                   
                                   By:"Thomas R. Miklich"
                                   Thomas R. Miklich