Document:

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                                                                   Exhibit 10.27

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            WARLAND INVESTMENTS COMPANY  1299 OCEAN AVENUE, SUITE 300
      SANTA MONICA, CALIFORNIA 90401  (310) 395-7811  FAX: (310) 395-7706

December 22, 2005

Myron Galchutt
Newmark of Southern California
18400 Von Karman Avenue, Suite 130
Irvine, CA 92612

RE:  UNIVERSAL ELECTRONICS LEASE EXTENSION
     6101 GATEWAY DRIVE, CYPRESS, CALIFORNIA

Dear Myron:

Enclose for forwarding to Universal Electronics are one fully executed original
of the Third Amendment to Lease, providing for the six-year lease extension
commencing January 1, 2006, and one fully executed original of the Parking
License Agreement between Universal and Warland.

Very truly yours,

/s/ Peggy A. Kratka
----------------------------------
Peggy A. Kratka
Senior Project Manager

Enclosures
Cc w/enclosures:   Henry Stiepel, Esq. (duplicate original)
                   Brian DeRevere

<PAGE>

                            THIRD AMENDMENT TO LEASE

          THIS THIRD AMENDMENT TO LEASE ("AMENDMENT") is entered into as of
December 1, 2005, between WARLAND INVESTMENTS COMPANY, a California limited
partnership ("LANDLORD") and UNIVERSAL ELECTRONICS INC., a Delaware corporation
("TENANT"), with reference to the following:

                                    RECITALS:

     A. Landlord and Tenant previously entered into that certain Lease dated
November 1, 1997, as amended by that certain First Amendment to Lease dated
February 21, 2001 and that certain Second Amendment to Lease dated May 27, 2003
(collectively, the "LEASE") pursuant to which Tenant currently leases from
Landlord certain premise commonly known as 6101 Gateway Drive, Cypress,
California (the "PREMISES"). Capitalized terms not otherwise defined herein
shall have the same meaning as given to them in the Lease.

     B. Landlord and Tenant now desire to amend the Lease to (i) increase the
size of the Premises by approximately 3,312 square feet, (ii) extend the Lease
Term, (iii) set forth the Basic Monthly Rent payable during such extended Lease
Term, and (iv) otherwise amend the Lease as more particularly set forth below.

          NOW, THEREFORE, in consideration of the foregoing recitals and for
other valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Landlord and Tenant hereby agree that the Lease shall be modified
and/or supplemented as follows:

     1. EXPANSION OF THE PREMISES. As of the Extension Term Commencement Date
(as hereinafter defined) the Premises shall consist for all purposes of 34,080
square feet as depicted on the plot plan ("PLOT PLAN") attached hereto as
Exhibit "A". Exhibit "A" to the Lease is hereby deleted in its entirety and
replaced with Exhibit "A" to this Amendment. The square footage of the Premises
for all purposes under the Lease shall be deemed to be 34,080 square feet based
upon industrial drip line measurement, whether the actual square footage is
greater than or less than 34,080 square feet,

     2. EXTENDED TERM. The Lease Term is hereby extended for an additional
period of seventy-three (73) months commencing on January 1, 2006 ("EXTENDED
TERM COMMENCEMENT DATE") and expiring on January 31, 2012 (the "EXTENDED TERM").

     3. RENT. The Basic Monthly Rent for the Extended Term shall be as follows:

<TABLE>
<CAPTION>
     Period                     Basic Monthly Rent
     ------                     ------------------
<S>               <C>
1/1/06-12/31/07   $28,286.40 ($.83 per square foot), triple net
1/1/08-12/31/09   $29,990.40 ($.88 per square foot), triple net
1/1/10-1/31/12    $31,694.40 ($.93 per square foot), triple net
</TABLE>

Provided that Tenant is not then in Default or an event has occurred which with
the passage of time would constitute a Default, the Base Monthly Rent for the
month of January 2006 shall

                                       -1-

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abate (the "ABATED RENT PERIOD"). During the Abated Rent Period, Tenant shall
pay Additional Rent and all other amounts due under this Lease.

     4. PREMISES WORK. Subject to the terms and conditions of the Construction
Agreement attached hereto as Exhibit "B", Tenant shall have the right to perform
certain leasehold improvement work within the Premises.

     5. CONDITION OF PREMISES. Tenant confirms that it is currently in
possession of the Premises and accepts the Premises and any portion thereof in
its now-current and future "AS IS" condition, with all faults and defects,
whether latent or patent.

     6. PARKING SPACES. Paragraph 2(d) of the Fundamental Lease Provisions of
the Lease is hereby amended to increase the number of Premises Parking Spaces
from 120 to 123. Further, subject to the terms and conditions of the Parking
License Agreement in the form of attached Exhibit "C" and executed concurrently
with this Amendment (the "PARKING LICENSE AGREEMENT"), Tenant shall have the
right to use the additional thirty (30) Parking Spaces on the Parking Parcel (as
those terms are defined in the Parking License Agreement).

     7. OPTION TO EXTEND TERM. Tenant shall have one (1) five (5)- year option
(the "OPTION") to extend the Extended Term (the "EXTENDED TERM") on the same
terms and conditions as set forth in the Lease, except that the Basic Monthly
Rent shall be adjusted on the first day of the Extended Term to ninety-five
percent (95%) of the "FAIR MARKET RENT" for the Premises then in effect
established pursuant to the attached Exhibit "D". Thereafter, the Basic Monthly
Rent shall be increased (but never decreased) on the first day of every
twenty-fifth (25th) month of the Extended Term ("ADJUSTMENT DATE") in accordance
with the percentage increases, if any, in the Consumer Price Index for All Urban
Consumers (Los Angeles/Anaheim/Riverside Area; Base 1982-84=100) ("INDEX"), as
published by the United States Department of Labor, Bureau of Labor Statistics.
For the first adjustment of Basic Monthly Rent pursuant to this Section, the
Index in effect four (4) months before the Extended Term Commencement Date shall
be compared to the Index in effect on the fourth (4) month before that
Adjustment Date, and the Basic Monthly Rent shall be increased by such
percentage increase, if any, between such indices. On the second Adjustment
date, the Index in effect four (4) months before the first Adjustment Date shall
be compared to the Index in effect on the fourth (4) month before that second
Adjustment Date, and the Basic Monthly Rent shall be increased by such
percentage increase, if any, between such indices. However, on each such
Adjustment Date, the Basic Monthly Rent shall be increased by at least three
percent (3%) compounded annually for the immediately preceding twenty-four (24)
months, but in no event shall the Basic Monthly Rent be increased on each such
Adjustment Date by more than six percent (6%) compounded annually for the
immediately preceding twenty-four (24) months. The Option shall be exercised
only by written unconditional notice received by Landlord at least nine (9)
months before expiration of the Extended Term. If Landlord does not timely
receive Tenant's written unconditional notice of the exercise of art Option in
accordance with the preceding sentence, the Option, shall immediately lapse, and
there shall be no further right to extend the Term. Notwithstanding the
foregoing, in the event (i) Tenant is in monetary or material non-monetary
default on the date the Option Notice is given or (ii) should Landlord have
given to Tenant two (2) or more notices regarding Tenant's failure to pay rent
when due during the Extended Term or (iii) should Tenant be in monetary or
material non-monetary default on the date the Extended Term expires, then in
each event Tenant's Option shall be

                                       -2-

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deemed automatically terminated. The Option is personal to Tenant and its
affiliates (as defined in Section 9.8 of the Lease) and, except as set forth in
Section 9.8 of the Lease, may not be assigned to any third party. Pursuant to
the First Amendment to Lease dated February 21, 2001 (the "FIRST AMENDMENT") and
thereafter pursuant to the Second Amendment to Lease dated May 27, 2003, Tenant
extended the Lease Term in lieu of the exercise of the Option (as defined in
Section 13.1 of the Lease); accordingly, Tenant acknowledges that the First
Amendment terminated Tenant's rights under Section 13.1 of the Lease, and
Tenant's only existing option to extend the Lease Term is as set forth in this
Section 7.

     8. BROKERS. Tenant represents and warrants to Landlord that except for
Newmark of Southern California, it has not dealt with any real estate broker,
agent or finder in connection with this Amendment or its negotiations with
respect to the Premises or any portion thereof. Tenant shall indemnify, defend
(with counsel satisfactory to Landlord), protect and hold Landlord harmless from
any and all costs, expenses, claims, damages, losses or liabilities (including
costs of suit and reasonable attorneys' fees) resulting from any breach by
Tenant of the foregoing representation, including, without limitation, any
claims that may be asserted by any broker, agent or finder.

     9. GENERAL.

          (a) Security Deposit. Tenant expressly waives the benefits of any
     statute now or hereafter in effect which would prevent Landlord from
     applying all or any portion of the Security Deposit to offset any future
     Rent owing to Landlord at the termination of this Lease prior to the
     Expiration Date, including, without limitation, California Civil Code
     Section 1950.7.

          (b) Effect of Amendment; Ratification. Except to the extent the Lease
     is modified by this Amendment, the terms and provisions of the Lease shall
     remain unmodified and in full force and effect. In the event of conflict
     between the terms of the Lease and the terms of this Amendment, the terms
     of this Amendment shall prevail.

          (c) Counterparts. If this Amendment is executed in counterparts, each
     counterpart shall be deemed an original.

          (d) Governing Law. This Amendment and any enforcement of the
     agreements and modifications set forth above shall be governed by and
     construed in accordance with the laws of the State of California.

          (e) Exhibits. All exhibits attached hereto are hereby incorporated
     herein by this reference.

          (f) Attorneys' Fees. In the event of any controversy, claim or dispute
     between the parties affecting or relating to the purposes or subject matter
     of this Amendment, the prevailing party shall be entitled to recover from
     the non-prevailing party all of its reasonable expenses, including
     attorneys' and accountants' fees.

                                       -3-

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          IN WITNESS WHEREOF, Landlord and Tenant have executed this Amendment
as of the date first written above.

"TENANT"                                UNIVERSAL ELECTRONICS INC.,
                                        a Delaware corporation

                                        By: /s/ PAUL ARLING
                                            ------------------------------------
                                        Name: PAUL ARLING
                                        Title: CHAIRMAN & CEO

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

"LANDLORD"                              WARLAND INVESTMENTS COMPANY,
                                        a California limited partnership

                                        By: /s/ CARL W. ROBERTSON
                                            ------------------------------------
                                            Carl W. Robertson,
                                            Co-Managing Director

                                        By: /s/ JOHN C. LAW
                                            ------------------------------------
                                            John C. Law,
                                            Co-Managing Director

                                       -4-

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                                   EXHIBIT "A"

                           DEPICTION OF THE PREMISES

                                  EXHIBIT "A"

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                             (TRACT NO. 467 DRAWING)

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                                   EXHIBIT "B"

                               CONSTRUCTION LETTER

     Tenant and Landlord are executing simultaneously with this Construction
Agreement ("Agreement") that certain Third Amendment to Lease (the "LEASE")
covering the Premises described 6101 Gateway Drive, Cypress, California. This
Agreement is incorporated into and made a part of the Amendment. All capitalized
terms herein have the same definition as in the Lease. In consideration of the
mutual covenants contained in the Lease and for other valuable consideration,
Tenant and Landlord agree that the Premises shall be improved as set forth
below.

     1. Tenant's Construction Obligations. Tenant, at its sole cost, shall
employ a fully licensed and bonded general contractor approved by Landlord
("CONTRACTOR"), to construct all tenant improvements within the Premises in
strict accordance with the plans and specifications to be approved by Landlord
as set forth below (the "TENANT IMPROVEMENTS"). Landlord shall have no
responsibility for construction of the Tenant Improvements, and Tenant will
remedy, at Tenant's expense, and will be responsible for any and all defects in
all such construction that may appear during or after the completion thereof.
Tenant shall promptly reimburse Landlord as additional rent for any extra
expense incurred by Landlord by reason of faulty work done by Tenant or Tenant's
contractors or by reason of inadequate cleanup.

     2. Approval of Plans and Specifications.

Tenant shall prepare and deliver to Landlord for Landlord's review and approval
three (3) sets, plus one (1) reproducible set, of all of the final working
drawings for the Tenant Improvements ("TI DRAWINGS") which shall cover the work
generally described on attached Schedule 1. Upon completion of Landlord's
review, Tenant shall have five (5) days in which to resubmit, if necessary,
revised TI Drawings to Landlord for Landlord's review and approval. Landlord
shall not have any obligation to approve any TI Drawings that (i) do not conform
to applicable statutes, ordinances or regulations or is disapproved by any
governmental agency, (ii) requires building service beyond the level normally
provided to other tenants in the Business Center, (iii) overload the floor, (iv)
may, as determined by Landlord, in Landlord's sole and absolute discretion,
adversely impact the structural integrity of the Building or any of the Building
systems, (v) can be seen from the exterior of the Building, (vi) increase any of
Landlord's costs, or (vii) are, in Landlord's sole opinion, of a nature or
quality that is inconsistent with the objectives of Landlord for the Business
Center. If Tenant and Landlord are unable to agree on the TI Drawings, such
dispute shall be resolved by the Landlord, DeRevere & Associates, whose
determination shall be final. Following such approval of the TI Drawings, both
parties shall sign and deliver to each other duplicate copies of the TI
Drawings. Thereafter, changes may be made only in strict accordance with the
construction contract for the Tenant Improvements, and Landlord shall have
approval rights therein to any material changes. The term "APPROVED DRAWINGS"
shall include such changes.

Upon receipt of a request by Tenant to approve the TI Drawings for any part
thereof, Landlord shall have ten (10) business days following receipt of the
request together with all reasonable supporting documentation in which to review
in good faith the submitted drawings and other documents to determine whether
they meet the standards for the Building. On or before the expiration of the
review period, Landlord shall prepare and submit to Tenant in writing any

                                   EXHIBIT "B"
                                  Page 1 of 10

<PAGE>

comments, suggestions, modifications or objections it may have to the submitted
drawings or documents.

     3. Approval of Contractor, Subcontractors and Materialmen. At least ten
(10) business days prior to commencement of construction, Tenant shall furnish
to Landlord the names and addresses of all contractors, subcontractors and
materialmen employed or to be employed in connection with construction of the
Tenant Improvements. Within five (5) business days after receiving this list
together with the qualifications and experience of such contractors and
subcontractors, Landlord may disapprove of the use of any contractor,
subcontractor or materialman set forth on that list. If Landlord fails to notify
Tenant of any such disapproval within this five (5) business day period,
Landlord shall be deemed to have so approved.

     4. Construction Allowance.

          4.1. Landlord shall provide Tenant with a construction allowance in
the amount of Four Hundred Eight Thousand Nine Hundred Sixty Dollars
($408,960.00) (the "ALLOWANCE"). The Allowance shall be applied to, without
limitation, all elements of the cost of construction, including, without
limitation, all architectural, design and engineering fees, space planning fees,
the fees of Landlord's roofing consultant and contractor to if the Tenant
Improvements in any way affect the Building roof, city and regulatory agency
permit and license fees and plan checks, Title 24 fees, all labor, all
materials, all construction-related utility charges (including, without
limitation, all charges for electrical power and water used during construction,
the cost of all bonds and permits, and all other fees and costs necessary for
the construction of the Tenant Improvements (collectively, "CONSTRUCTION COST").
The Allowance shall not be applied to the fixturizing or cabling the premises or
to the purchase, lease, or finance of any furnitures, fixtures, equipment or
inventory. However, if the Construction Cost exceeds the Allowance, Tenant shall
have the option, to be exercised if at all by delivering written notice to
Landlord at any time before the Extended Term Commencement Date, to request
Landlord to fund an additional allowance to construct the Tenant Improvements
subject to this Section 4 of up to Two and 50/100 Dollars ($2,50) per square
foot of the Premises (the "ADDITIONAL TI ALLOWANCE"). If so requested and if
Landlord then agrees, in Landlord's sole discretion, to fund the Additional TI
Allowance, the Additional TI Allowance shall be amortized over the Extended Term
(as defined in the Amendment) at ten percent (10%) per annum and added to
Monthly Basic Rent for all purposes under the Lease. The term "ALLOWANCE" shall
collectively mean the Tenant Improvement Allowance and, if elected, the
Additional TI Allowance,

          4.2. Landlord makes no representation or warranty, express or implied,
by this Amendment or otherwise that the Allowance will be sufficient to complete
construction of the Tenant Improvements in accordance with the Approved
Drawings. Tenant shall pay for all costs to construct the Tenant Improvements to
the extent the Construction Cost exceeds the Allowance. To the extent the
Construction Cost is less than the Allowance, that amount shall be retained by
Landlord. Construction shall not commence until Landlord has fully approved the
plans and specifications for the Tenant Improvements as set forth in Section 2,
above.

          4.3. Tenant shall be solely responsible, at its cost but with
Landlord's reasonable cooperation, for obtaining all required licenses and
permits in connection with the permitted use of the Premises, including, without
limitation, any certificate of occupancy or equivalent permit. Tenant shall be
solely responsible, at Tenant's cost, for procurement of Tenant's business
license.

                                   EXHIBIT "B"
                                  Page 2 of 10

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     5. Disbursement of Allowance. Upon completion of the Tenant Improvements
(as determined by Landlord) and following expiration of the lien period (as
defined below) and provided there are no unpaid claims received by Landlord or
construction related liens filed against the Premises before expiration of the
lien period, Landlord shall, upon written request from Tenant, disburse the
Allowance directly to Tenant (or, as Landlord may determine, by joint check to
Tenant and the general contractor). The written request shall be accompanied by
construction and other cost vouchers and invoices, together with (i) a list of
all work performed and (ii) unconditional final lien releases from the
contractors and materialmen in the form required by Civil Code Section 3262 for
the Tenant Improvements. Each of the foregoing documents shall be initialed by
Tenant and the Contractor. The initials shall indicate approval of all
documents. All vouchers and invoices for construction costs presented by Tenant
to Landlord shall constitute a representation on the part of Tenant that the
funds referred to therein have been used solely for paying only the direct costs
of construction of the Tenant Improvements. In the event Landlord has paid
utility bills during construction (including, without limitation, electrical and
water charges) the amount of said bills shall be deducted from the Allowance
disbursed to Tenant. Tenant shall indemnify, defend and hold Landlord harmless
from all liability, claims and causes of action for payment of any voucher as
presented. The words "EXPIRATION OF THE LIEN PERIOD" shall mean thirty-five (35)
days after the filing of the Notice of Completion for the Tenant Improvements
and the complete, conditional releases by the Contractor and all subcontractors
and materialmen of their respective lien rights against the Premises. If a
Notice of Completion is not filed for record, "expiration of the lien period"
shall mean ninety-five (95) days after completion of construction, as determined
by Landlord's representative, and the complete, conditional releases by the
Contractor and all subcontractors and materialmen of their respective lien
rights against the Premises.

     6. Inspection of Progress of Construction. Landlord and its agents shall
have the right at all times during construction of the Tenant Improvements to
enter upon the Premises during construction. If the construction is not in
substantial compliance with the Approved Drawings or with applicable statutes,
regulations, or ordinances, Landlord may direct the contractor to conform
construction, at Tenant's cost, to such standards. Notwithstanding the
foregoing, Landlord is under no obligation to construct or supervise
construction of the Tenant Improvements. Any inspection by Landlord shall be for
the sole purpose of protecting Landlord's interests and is not to be relied upon
in any regard by Tenant. Furthermore, any inspection by Landlord shall not be
representation that there has been or will be compliance with the plans and
specifications, applicable laws, regulations or ordinances or that the
construction is free from faulty material or workmanship. Tenant hereby assumes
all such risks and shall make or cause to be made any and all such other
inspections as Tenant may desire for its own protection and/or as required by
law.

     7. Indemnification of Landlord. Tenant shall indemnify, defend and hold
Landlord harmless from and against all claims, causes of action, costs
(including attorneys' fees), damages and liabilities arising from or in
connection with construction of the Tenant Improvements, including without
limitation any and all personal injuries and all mechanics' and materialmen's
liens arising therefrom.

     8. Notices. Upon completion of the Tenant Improvements, Tenant shall record
a Notice of Completion with the County Recorder of Orange County. Tenant
irrevocably appoints Landlord as agent to file for record any notices of
completion, cessation of labor, or other notice

                                   EXHIBIT "B"
                                  Page 3 of 10

<PAGE>

that Landlord deems necessary to file for record to protect any of Landlord's
interests under this Agreement.

     9. Insurance. No construction shall proceed without workers' compensation
and public liability insurance and property damage insurance, all in amounts and
with companies satisfying the requirements of the Lease. Before commencing the
construction, certificates of such insurance shall be furnished to Landlord by
Tenant, the general contractor, and each major subcontractor and supplier
entering the Business Center. If requested, the original policies thereof shall
be submitted for Landlord's approval. All such policies shall provide that
thirty (30) days written notice must be given to Landlord and Landlord's lender
before termination or cancellation.

     10. Commencement Date. Under no circumstances shall Contractor's failure to
complete the Tenant Improvements in a timely manner in any way affect the
Extended Term Commencement Date.

     11. Construction Rules and Regulations. Tenant shall cause Contractor and
all subcontractors and suppliers to comply with the construction rules and
regulations attached hereto as Schedule 2.

     12. Roof Work. Without limiting the foregoing, Tenant shall have no right
to conduct any work on or to the roof of the Building, including causing any
roof penetrations, without procuring Landlord's consent in full compliance with
this Construction Agreement. In the event Landlord consents to such roof work as
part of the Approved Drawings, Tenant shall coordinate all such roof work with
Landlord's approved roofing consultant and roofing contractor and shall pay all
costs and fees charged by them.

     13. Miscellaneous.

          13.1. All of Tenant's contractors, subcontractors, employees, servants
and agents must work in harmony and shall not interfere with any work undertaken
by or through Landlord, or with the work of any other tenant of the Business
Center or its contractors.

          13.2. Any work to be performed in adjacent tenant's areas shall be
pursued only after obtaining that tenant's and Landlord's express written
permission and shall be done only if any agent or employee of Landlord is
present. Tenant shall reimburse Landlord for the expense of any such employee or
agent.

          13.3. If any shutdown of plumbing, electrical, or air conditioning
equipment becomes necessary, Tenant shall notify Landlord, and Landlord will
determine when such shutdown shall be done only if an agent or employee of
Landlord is present. Tenant will reimburse Landlord for any resulting expenses
including the expense of any such employee of agent.

                                   EXHIBIT "B"
                                  Page 4 of 10

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                                   SCHEDULE 1

                     DESCRIPTION OF THE TENANT IMPROVEMENTS

                                   EXHIBIT "B"
                                  Page 5 of 10

<PAGE>

                           (OFFICE EXPENTION DRAWING)

<PAGE>

                                   SCHEDULE 2

                    CONSTRUCTION WORK RULES AND REGULATIONS

(WARLAND INVESTMENTS COMPANY LOGO)

PROPERTY OWNER:        Warland Investments Company

PROPERTY MANAGER:      Susan Garey (714) 895-5908
MANAGEMENT FAX NUMBER: (714) 898-3453

The following information outlines the construction work rules and regulations
(R&Rs), which will be followed by all construction firms working at WARLAND
CYPRESS BUSINESS CENTER. These R&Rs apply to general construction, Tenant lease
space construction, and all other construction related activities. No deviation
or exception will be permitted without the expressed, written approval of
Warland Investments Company ("WARLAND") who owns and manages the property.
Questions or comments should be directed to the Property Manager at Warland.

1.   Prior to any construction activities, the Contractor shall agree to abide
     by and conform to these R&Rs and shall acknowledge such agreement for
     itself and all others performing any portion of the work by or through the
     Contractor, including subcontracts and materials supplier's by executing
     these R&Rs where shown.

2.   If the Contractor is hired directly by the Tenant, the Tenant will be
     primarily responsible for the Tenant's Contractor and its Subcontractors,
     workmen, suppliers, etc. Any action detrimental to the Building(s) is the
     sole responsibility of the Tenant. Tenant's Contractor shall be responsible
     for enforcing these R&Rs with all the Subcontractors, workmen and anyone
     else working on the Premises.

3.   Plans and specifications setting forth all work to be performed by the
     Contractor shall be submitted and approved by Warland in writing prior to
     work being commenced. Upon completion, Contractor shall deliver to Warland
     "AS BUILT" drawings of any derivations from original approved plans.

4.   All costs, including but not limited to, costs for permits, fees and
     licenses necessary for the execution of work shall be the sole and
     exclusive obligation of the Contractor or its Subcontractors provided
     however, such costs may, if agreed by tenant, be passed on to the Tenant
     for whom work is performed.

5.   Immediately upon being awarded a job, the Superintendent of the successful
     bidder is required to set-up a field office. The field office can vary from
     a table in the corner of the construction space for a small job to a
     separate office for larger projects. The following is a checklist of items
     to set-up and is maintained at all times on the job:

     A.   Full set of Project Drawings and Specifications (as submitted for
          building permit).

     B.   Addendum Drawings and specifications

     C.   First Aid Kit

                                   EXHIBIT "B"
                                  Page 6 of 10

<PAGE>

     D.   Safety Posters and Safety Manual

     E.   Safety Equipment

     F.   Memorandums and Drawing Transmittals

     G.   Daily Log

     H.   Inspection Logs

     I.   Visitor Log and Release Forms

     J.   Extra Work Authorization

     K.   Hard Hats as required

     L.   Office supplies (as applicable)

     M.   Office furniture

     N.   Drawing Transmittals

     O.   Schedule (bar chart minimum)

6.   The field office should also contain a full set of project files in a
     locked cabinet. These files should contain all correspondence and copies of
     contracts and insurance certificates with all subcontractors.

7.   The Contractor shall maintain supervisory personnel on site at all times
     and will provide direct supervision of any and all Work being performed
     including the delivery of materials. Such supervisory personnel shall be
     fully empowered to coordinate, respond for and authorize Subcontractors to
     perform such Work as is necessary to enable the Work to proceed.

8.   The Contractor shall be responsible for all its actions on site as well as
     those of its Subcontractors. Any damage to the Building caused by the
     Contractor shall be promptly repaired by the Contractor at no cost to
     Warland. Care shall be taken to protect ceiling, walls, doors, and carpets
     of tenant areas when moving construction materials, trash, etc. This shall
     be accomplished by installing masonite on the floor, and plastic on doors,
     walls, and ceilings. Clean up of these areas upon completion of the job is
     the responsibility of the Contractor.

9.   All risk of loss to all property of the Contractor and its Subcontractor,
     including but not limited to, tools and materials located on the Premises,
     shall be the sole and exclusive responsibility of the General Contractor
     and its Subcontractors and Warland shall have no responsibility of the
     General Contractor and its Subcontractors and Warland shall have no
     responsibility therefore.

10.  The Contractor shall give all notices and comply with laws, rules,
     regulations and orders of any public authority bearing on the performance
     of the Work.

11.  Since each job differs in scope, it is necessary that Contractor set up job
     meetings according to the job needs. Each Contractor's Superintendent must
     set his own time interval between job meetings, notify Warland of their
     scheduling and once the intervals are set, maintain them on a regular
     basis.

12.  All construction workers must be properly, permanently, and visually
     identified. The identification system must be approved prior to the start
     of any work and may take the form of hard hats with numbered decals or
     badges for attachment to clothing. All companies will maintain an updated
     list of authorized workers with Warland and will notify Warland of each
     change.

                                   EXHIBIT "B"
                                  Page 7 of 10

<PAGE>

13.  All workers shall maintain their actions while in the Building(s) in a
     professional manner to include but not limited to:

     A.   No abusive language.

     B.   No smoking or drinking on property.

     C.   No use of radios in areas which are accessible to the public or from
          which the public may hear them being played.

14.  Warland reserves the right to add other restrictions to those listed above
     as may be reasonably deemed necessary to provide for the comfort and safety
     of the tenants.

15.  No storage of supplies or trash will be allowed in the Building(s) at any
     time. All work and adjacent areas are to be kept reasonably cleaned and
     free of trash, debris and non-useful materials at all times at Contractor's
     cost. Failure to do so will result in Warland providing this service and
     charging the contractor accordingly. Warland must approve placement of roll
     up trash dumpsters prior to placement. Trash dumpsters must be in good
     condition, free of any graffiti or unappropriate signs, words or language.
     If trash dumpsters are used at curbside, Contractor must obtain and pay for
     street use permits and maintain the area in a clean fashion. Building trash
     containers are not to be used.

16.  No storage of flammable substances will be allowed in the Building(s)
     unless approved by Warland and in accordance with approved building codes
     and regulations.

17.  No interviewing of job applicants or Subcontractors will be allowed on-site
     without prior approval by Warland and prior scheduled appointment.

18.  There will be absolutely no use of Tenant and/or Building property to
     include, but not limited to, telephones, dollies, ladders, copiers,
     vacuums, etc., unless specifically approved in writing by the Tenant and/or
     Warland in advance of their use.

19.  All deliveries will be scheduled with Warland. A prior notification of at
     least 24 hours but not more than 7 days is required.

20.  Contractors shall provide and keep available fire extinguisher(s) within
     the demised premise during construction.

21.  Forty-eight hours advance written notice to Warland is required for the
     following:

     A.   Cutting into duct, water-line, existing power lines, temporary
          disconnecting of any meter, (fire sprinkler) or prior to moving any
          air handling equipment, thermostat, etc.

     B.   Use of toxic materials or varnishing. Including how ventilation and
          protection of adjacent areas will be handled. Use of toxic materials
          may require after hours work.

     C.   Any core drilling. All core drilling must be evaluated and approved by
          the Contractor's structural engineer with submittal to Warland for
          written approval.

     D.   Any welding or dust related work that will require the covering of
          smoke detectors.

     E.   Contractor shall provide temporary electrical devices within the
          demised premises for their Sub-contractor's use. Contractor will not
          be permitted to run extension cords through public space on occupied
          floors or through occupied Tenant spaces.

                                   EXHIBIT "B"
                                  Page 8 of 10

<PAGE>

22.  Contractor shall coordinate with and provide advance notice in writing to
     Warland when access to occupied space is required. Contractor shall give
     notice according to the following schedule.

     A.   Less than one hour required in the space; provide 24-hour advance
          notice.

     B.   Less than one day required in the space; provide 3 days advance
          notice.

     C.   More than one day required in the space; provide 7 days advance
          notice.

23.  The Contractor shall not be permitted any identifying signage or
     advertising unless approved by Warland in writing.

24.  Contractor's materials and tool storage will be limited to the work
     Premises. The Contractor may be permitted storage in other areas of the
     Building(s) at the option of Warland and as available.

25.  Access to any adjacent space is not allowed unless coordinated by Warland.
     All construction crews shall stay in their respective workspace at all
     times. Construction personnel shall not use floor sinks, restroom sinks or
     toilets for cleanup or disposal of any material.

26.  Pre-filters shall be installed over all return air openings on floor under
     construction. If Building filters or equipment require replacement or
     cleaning due to construction dust, the Contractor will be charged.

27.  The Contractor should cover air transfers when working next to tenanted
     space to control the transmission of dust and dirt. Covering must be
     removed at the completion of daily construction. Keep all Tenant entrance
     and exit doors closed to restrict the movement of dust or dirt. Close off
     temporary openings with polyurethane. Due to local fire codes, no openings
     may be made on a tenanted floor in the corridor unless the door will be
     made on a tenanted floor to the corridor doors must remain closed unless
     materials are being delivered. All HVAC filters in fan rooms shall also be
     delivered in operable condition at time of completion (thus a temporary
     filter should be added to the existing filter).

28.  Wet paint sign must be posted in all public areas when appropriate.

29.  Contractor shall turn off lights and all other equipment at night after
     completion of work for the day.

30.  Contractor shall arrange for pre-inspection of common area and Tenant
     suites prior to construction to identify items subject to potential claim
     for breakage, theft, abuse, damage, etc. Pre-inspections shall be attended
     by the General Superintendent, Subcontractor Foreman, Tenant
     Representative, and Warland.

31.  Contractor shall not interfere with other Tenants in such a manner as to
     cause unnecessary inconvenience or disruption, such as core drilling,
     operation of powder actuate tools, hammering, or any construction that
     would transmit sound through walls and floors. Work of this nature must be
     scheduled before 7:30 a.m. and after 6:00 p.m. The Management office
     reserves the right to stop work if deemed necessary.

32.  Contractor's use of elevators is limited to construction deliveries, which
     must be scheduled before 7:30 a.m. and after 6:00 p.m. Prior to use of
     elevators, Contractor must properly protect flooring, walls and ceiling of
     elevators.

33.  Prior to construction commencement, Contractor shall provide a list of the
     Subcontractors and any other on-site personnel shall not be changed without
     the prior written consent of Warland.

                                   EXHIBIT "B"
                                  Page 9 of 10

<PAGE>

34.  Warland shall have the right from time to time as may be required, to
     inspect or perform work within the Building(s). Warland shall have the
     right to suspend Contractor's Work in the Building if such Work, in the
     opinion of Warland, is presenting or may present a danger to life, safety,
     or property, or in an emergency situation.

35.  Contractor shall be solely responsible for obtaining the Certificate of
     Occupancy (or equivalent approval) and shall submit to Warland the original
     thereof prior to occupancy of the premises for the purposes of conducting
     business.

36.  It is expressly understood and agreed that the construction Contract shall
     be for the direct benefit of Warland, who is the owner of the Building(s)
     and the real property on which the work is to be done. Accordingly, Warland
     shall be granted the right to pursue in its own name any rights or remedies
     against Contractor including, without limitation, claims for damages
     granted to other parties under the Contract.

37.  No Contractor shall be allowed to start any work in the Building(s) without
     having a current Certificate of Insurance on file with the Management
     Office Contractor must keep current insurance certificates on all
     Sub-contractors. Any Contractor/Sub-contractor performing work found not to
     have current insurance would be immediately ordered off the premises.
     General contractors shall list the following as additionally insured:

                           WARLAND INVESTMENTS COMPANY

38.  Contractor must indemnify and hold harmless Warland Investments Company
     against and from any and all liabilities, obligations, losses, penalties,
     actions, suits, claims, damages, expenses, disbursements (including legal
     fees and expenses) and costs of any kind or nature in any way relating to
     or arising out of the work performed by Contractor. To satisfy this
     requirement, the Contractor must sign and return the attached standard form
     Indemnification/Hold Harmless and Subrogation Letter.

39.  Contractor and/or subcontractors should assist with Building emergencies
     once notified by Warland or other designated authority. This could be from
     immediate evacuation of a Building once an alarm is sounded to assisting
     with evacuation and executing a plan to terminate the alarm/emergency
     situation.

40.  All contractors working over the weekend and after the normal hours shall
     provide Warland a list of workers 24 hours prior to the worker being on
     site or they will be denied access. The list should also include an
     estimated time the Contractors will be working, the location of the work to
     be done, the number of employees and the working Supervisor who will be
     present in the Building(s) during the performance of the work.

These Construction Rules and Regulations have been agreed upon, approved and
accepted by the undersigned and on the date indicated below.

CONTRACTOR

Company:
         ----------------------------
By:
    ---------------------------------
Print Name:
            -------------------------
Title:
       ------------------------------
Date:
      -------------------------------

                                   EXHIBIT "B"
                                  Page 10 of 10

<PAGE>

                                   EXHIBIT "C"

                        FORM OF PARKING LICENSE AGREEMENT

     This Parking License Agreement ("AGREEMENT"), dated for reference purposes
as of December 1, 2005, is made between Warland Investments Company, a
California limited partnership ("WARLAND") and Universal Electronics Inc., a
Delaware corporation ("TENANT") with reference to the following facts:

     A.   Warland is the lessor and Tenant is the lessee under that certain
          Lease dated November 1, 1997, as amended by that certain First
          Amendment to Lease, dated February 21, 2001, that certain Second
          Amendment to Lease, dated May 27, 2003, and that certain Third
          Amendment to Lease, dated December 1, 2005 (collectively, the "LEASE")
          pursuant to which Tenant currently leases from Warland certain premise
          commonly known as 6101 Gateway Drive, Cypress, California (the "LEASED
          PREMISES").

     B.   Warland holds a license conveyed to Warland by DRS Sensors & Targeting
          Systems, Inc., a Delaware corporation ("DRS") permitting Warland to
          use thirty (30) parking spaces located on that certain parcel adjacent
          to the Leased Parcel commonly known as 10600 Valley View, Cypress,
          California (the "PARKING PARCEL") pursuant to that certain Parking
          License Agreement by and between Warland and DRS dated December 1,
          2005 (the "DRS AGREEMENT").

     C.   Subject to the terms and conditions of this Agreement, Tenant desires
          to use certain parking spaces on the Parking Parcel and, subject to
          the terms and conditions of this Agreement, Warland agrees to permit
          Tenant the use of such spaces.

     Therefore, for valuable consideration, the receipt and adequacy of which
are hereby acknowledged, the parties agree as follows:

     1.   Parking License. Subject to the terms and conditions of this
          Agreement, Warland hereby provides the Tenant with the exclusive
          license to use those thirty (30) passenger automobile parking spaces
          on the Parking Parcel designated on attached Exhibit A (the "PARKING
          SPACES") together with the necessary vehicular and pedestrian ingress
          and egress to the Parking Parcel for access to and from the Parking
          Spaces (collectively, the "LICENSE"). The License extends only to the
          Parking Spaces, and, under no circumstances shall Tenant or any of its
          agents, employees, representatives, licensees, business invitees,
          including, without limitation any visitors to the Leased Premises
          (collectively, "TENANT PARTIES") have any right to enter upon or use
          the other portion of the Parking Parcel.

     2.   Term. The term of this Agreement (the "TERM") shall begin on the
          "EXTENDED TERM COMMENCEMENT DATE" as defined in the Lease and shall
          continue until expiration or earlier termination of the Lease.

                                   EXHIBIT "C"
                                   Page 1 of 7

<PAGE>

     3.   Permitted Use. The Parking Spaces shall only be used by Tenant Parties
          using the Leased Premises for the parking of passenger automobiles,
          light pick-up trucks, passenger vans, and motorcycles ("PERMITTED SIZE
          VEHICLES"). Without limiting the foregoing, the following is expressly
          prohibited on the Parking Parcel: (i) the parking of vehicles other
          than Permitted Size Vehicles (which shall be subject to immediate tow
          at Tenant's expense), (ii) the parking of vehicles owned, leased or
          operated by other than Tenant Parties in connection with their use of
          the Leased Premises, (iii) storage of any nature, (iv) any vehicles
          parked longer than two (2) consecutive business days (which shall then
          be subject to tow at Tenant's expense), and (iv) other than emergency
          tow or "roadside service", any automobile repair.

     4.   Parking Fee; Lease Performance. On the first day of every month of the
          Term, Tenant shall pay to Warland a fee for the use of the Parking
          Spaces in the amount of One Thousand Two Hundred Dollars ($1,200.00)
          ($40.00 for thirty (30) Parking Spaces) (the "PARKING FEE"). The
          Parking Fee shall be due and payable on the first day of every month
          concurrently with Tenant's payment of rent under the Lease. If Tenant
          fails to pay the Parking Fee when due and fails to cure such default
          within five (5) business days following written notice by Warland to
          Tenant, then Warland shall thereafter have the right, in Warland's
          sole and absolute discretion, to terminate the License and this
          Agreement. The Parking Fee for any partial month shall be prorated
          based on a 30-day month. Without limiting the foregoing, the License
          shall be as additional consideration for Tenant's continuing
          performance of those obligations on its part to be performed under the
          Lease. Nothing in this Agreement shall excuse, abate or alter any of
          Tenant's obligations under the Lease, Upon expiration or earlier
          termination of the Lease for any reason, the License and this
          Agreement shall automatically terminate.

     5.   Alterations; Insurance and Indemnity. Except payment of rent, the
          License shall be subject to all terms and conditions of the Lease
          which are incorporated herein by reference. However, to the extent of
          any inconsistency between the terms and conditions of this Agreement
          and the terms and conditions of the Lease, the terms and conditions of
          this Agreement shall control. Without limiting the foregoing, the
          following provisions shall apply to the License:

          5.1  Alterations. Under no circumstances shall Tenant modify or alter
               the Parking Parcel or any portion thereof.

          5.2  Repairs. Any damage caused by or through Tenant or any Tenant
               Parties (shall be repaired, at Warland's election, either
               directly by Tenant (at its sole cost) or by Warland subject to
               reimbursement by Tenant as additional rent pursuant to the
               payment procedures in the Lease). At any time during the Term at
               Warland's cost, Warland shall have the right to fence the Parking
               Spaces in order to separate the Parking Spaces from the remainder
               of the Parking Parcel.

                                   EXHIBIT "C"
                                   Page 2 of 7

<PAGE>

          5.3  Insurance and Indemnity. The parties respective insurance and
               indemnity obligations under the Lease shall apply to the Parking
               Spaces, and Tenant's use of the License to the same extent as
               such obligations apply to Tenant's use of the Leased Premises
               under the Lease. Notwithstanding anything to the contrary, Tenant
               hereby indemnifies, defends and holds Warland, its officers,
               directors, shareholders, partners, affiliates and their
               respective agents and employees harmless from and against any
               claims, costs, losses, liabilities, damages, or expenses caused
               by or resulting from Tenant and Tenant Parties', entry onto the
               Parking Parcel and use of the Parking Spaces by Tenant or
               Tenant's Parties.

     6.   Assignment and Subletting. The License shall be assigned to any
          permitted assignee under the Lease and partially assigned to any
          permitted subtenant under the Lease to the extent necessary for such
          subtenant's use of the portion of the Leased Premises so sublet. Under
          no circumstances shall this License be assigned or transferred in any
          manner independently of an assignment or sublease under the Lease, and
          any such independent assignment or other transfer shall be void.

     7.   Security. Tenant shall be solely responsible, at Tenant's sole cost,
          expense and liability, for the security of Parking Spaces and the
          safety of Tenant Parties or any other persons using or entering upon
          the Parking Spaces. To the extent Tenant engages any security
          personnel to comply with its obligations hereunder, Tenant shall be
          solely responsible for the number, competence and quality of such
          personnel. Tenant acknowledges that Warland shall not be providing any
          security to the Parking Parcel.

     8.   Default. In the event either party fails to perform any obligation on
          its part to be performed, such failure shall be subject to the same
          notice and cure provisions as set forth in the Lease. Termination of
          the Lease shall terminate this Agreement and the License.

     9.   Subordination. This Agreement and the License shall be subordinated to
          any mortgage or deed of trust on the Parking Parcel to the same extent
          as the Lease shall be subordinated to any mortgage or deed of trust on
          the Leased Premises in accordance with Lease Section 10.1. Tenant
          shall execute and deliver such subordination documents within ten (10)
          days following a written request from Warland.

     10.  Commission. No commission or fee shall be owed under this Agreement
          separate from the Lease or the Third Amendment thereto.

     11.  Personal Property Interests. The rights conveyed by this Agreement and
          the License are acknowledged to be personal property interests of
          Warland. This license grants no interest in nor attaches to any
          underlying real property within the Parking Parcel or the Leased
          Premises. Accordingly, the personal property rights conveyed by this
          License shall not entitle Tenant to file any claim, lien or notice
          against any real property. As material consideration for this License,
          Tenant

                                   EXHIBIT "C"
                                   Page 3 of 7

<PAGE>

          waives any right it may have to record a lis pendens against the
          Parking Parcel under section 405 et seq. of the California Code of
          Civil Procedure, or any other provision of law, if a dispute arises
          under this License.

     12.  Costs of Enforcement. If it becomes necessary for either party to
          employ an attorney or other person or commence an action to enforce
          any of the provisions of this Agreement or interpret any of the
          provisions of this Agreement, the non-prevailing party shall pay to
          the prevailing all attorneys' fees and court costs incurred by the
          prevailing party in such action.

     13.  Notices. All notices and other communications made pursuant to this
          Agreement shall be made in the manner and shall be subject to the
          requirements of Lease.

     14.  Relocation. If the DRS Agreement terminates, Warland shall have the
          right, at any time upon not less than thirty (30) days prior written
          notice to Tenant, to relocate the Parking Spaces to 6200 Gateway
          Drive, Cypress, California, as exhibited on attached Exhibit B (the
          "ALTERNATIVE PARKING PARCEL").

     15.  Miscellaneous. This Agreement constitutes the entire agreement between
          the parties hereto pertaining to the subject matter hereof and all
          prior and contemporaneous agreements, representations and
          understandings of the parties hereto, oral or written, are hereby
          superseded and merged herein. No supplement, modification, or
          amendment of this Agreement shall be binding unless in writing and
          executed by the parties hereto. This Agreement shall be construed and
          enforced in accordance with, and governed by, the laws of the State of
          California. The headings of this Agreement are for purposes of
          reference only and shall not limit or define the meaning of the
          provisions hereof. This Agreement may be executed in any number of
          counterparts, each of which shall be an original and all of which
          shall constitute one and the same instrument. Neither this Agreement,
          nor a short form memorandum hereof shall be filed or recorded in any
          public office without Warland's prior written consent, which may be
          given or withheld in Warland's sole and absolute discretion; provided,
          however, if any lender having a secured interest in any of the Parking
          Parcel and/or the Leased Premises requires such recordation, Tenant
          shall execute and deliver to Warland a memorandum hereof in recordable
          form.

                            [SIGNATURE PAGE FOLLOWS]

                                   EXHIBIT "C"
                                   Page 4 of 7

<PAGE>

WARLAND:                                WARLAND INVESTMENTS COMPANY,
                                        a California limited partnership

                                        By: /s/ CARL W. ROBERTSON
                                            ------------------------------------
                                            Carl W. Robertson,
                                            Co-Managing Director

                                        By: /s/ JOHN C. LAW
                                            ------------------------------------
                                            John C. Law,
                                            Co-Managing Director

TENANT:                                 UNIVERSAL ELECTRONICS INC.,
                                        a Delaware corporation

                                        By: /s/ PAUL ARLING
                                            ------------------------------------
                                        Its: CHAIRMAN & CEO

                                        By:
                                            ------------------------------------
                                        Its:
                                             -----------------------------------

                                   EXHIBIT "C"
                                   Page 5 of 7

<PAGE>

                                    EXHIBIT A
                      TO FORM OF PARKING LICENSE AGREEMENT

                         DEPICTION OF THE PARKING SPACES

                                   EXHIBIT "C"
                                   Page 6 of 7

<PAGE>

                             (TRACT NO. 467 DRAWING)

<PAGE>

                                    EXHIBIT B
                      TO FORM OF PARKING LICENSE AGREEMENT

                         DEPICTION OF THE PARKING SPACES
                        ON THE ALTERNATIVE PARKING PARCEL

                                   EXHIBIT "C"
                                  Page 7 of 7

<PAGE>

                                   (SITE PLAN)

<PAGE>

                                   EXHIBIT "D"

                        ADJUSTMENT OF BASIC MONTHLY RENT

Upon the due and timely exercise of an Option pursuant to Section 7 of the
Amendment, the "FAIR MARKET RENT" shall be determined as follows:

At least one hundred eighty (180) days before the first day of an Extension
pursuant to a duly exercised Option (an "EXTENSION COMMENCEMENT"), Landlord and
Tenant shall meet in an effort to negotiate, in good faith, the Fair Market Rent
of the Premises as of the commencement date of the Extension (the "EXTENSION
COMMENCEMENT"). If Landlord and Tenant have not agreed upon the Fair Market Rent
of the Premises at least one hundred (100) days before the Extension
Commencement, Landlord and Tenant shall attempt to agree in good faith upon a
single appraiser not later than seventy-five (75) days before the Extension
Commencement. If Landlord and Tenant are unable to agree upon a single appraiser
within this time period, then Landlord and Tenant shall each appoint one (1)
appraiser not later than sixty-five (65) days before the Extension Commencement.
Within ten (10) days thereafter, the two appointed appraisers shall appoint a
third appraiser. If either Landlord or Tenant fails to appoint its appraiser
within the prescribed time period, the single appraiser appointed shall
determine the Fair Market Rent of the Premises. If both parties fail to appoint
appraisers within the prescribed time periods, then the first appraiser
thereafter selected by a party shall determine the Fair Market Rent of the
Premises. Each party shall bear the cost of its own appraiser, and the parties
shall share equally the cost of a single or a third appraiser, if applicable.
Each appraiser shall have at least ten (10) years experience in the appraisal of
first class commercial /industrial buildings in Orange County, California and
shall be a member of one or more professional organizations such as MAI or an
equivalent.

For purposes of such appraisal, "FAIR MARKET RENT" shall mean the price that a
ready and willing tenant would pay, as of the Extension Commencement, as triple
net monthly rent to a ready and willing landlord of a Comparable Building for
Comparable Premises if that property were exposed for lease on the open market
for a reasonable period of time with a lease comparable to the Lease.
"COMPARABLE BUILDING" shall mean a first class commercial building of comparable
age in the City of Cypress after taking into account all tenant improvement
allowances and other similar monetary concessions for renewal space, if any
granted to tenants of Comparable Premises. "COMPARABLE PREMISES" shall mean
premises for commercial use within the Comparable Building in a first class
condition and access to on-site parking as set forth in this Lease. If a single
appraiser is chosen, then such appraisal shall determine the Fair Market Rent of
the Premises. Otherwise, the Fair Market Rent of the Premises shall be the
arithmetic average of the two of the three appraisals which are closest in
amount, and the third appraisal shall be disregarded. In no event, however,
shall the then-existing Base Rent ever be reduced by reason of such computation,
nor shall there be any rent concession, any tenant improvement allowance or
other financial requirement of Landlord for the Extension, Landlord and Tenant
shall instruct the appraiser(s) to complete their determination of the Fair
Market Rent not later than thirty (30) days before the Extension Commencement.
If the Fair Market Rent is not determined before the Extension Commencement,
then Tenant shall continue to pay to Landlord the Basic Monthly Rent in effect
immediately prior to the Extension Commencement until the Fair Market Rent is
determined. When the Fair Market Rent of the Premises is determined, Landlord
shall deliver notice of that amount to Tenant, and Tenant shall pay to Landlord,
within ten (10) days after receipt of such notice, the difference between the
Basic Monthly Rent actually paid by Tenant to Landlord and the new Base Rent
determined under this Exhibit.

                                   EXHIBIT "D"

<PAGE>

                            PARKING LICENSE AGREEMENT

     This Parking License Agreement ("AGREEMENT"), dated for reference purposes
as of December 1, 2005, is made between Warland Investments Company, a
California limited partnership ("WARLAND") and Universal Electronics Inc., a
Delaware corporation ("TENANT") with reference to the following facts:

     A.   Warland is the lessor and Tenant is the lessee under that certain
          Lease dated November 1, 1997, as amended by that certain First
          Amendment to Lease, dated February 21, 2001, that certain Second
          Amendment to Lease, dated May 27, 2003, and that certain Third
          Amendment to Lease, dated December 1, 2005 (collectively, the "LEASE")
          pursuant to which Tenant currently leases from Warland certain premise
          commonly known as 6101 Gateway Drive, Cypress, California (the "LEASED
          PREMISES").

     B.   Warland holds a license conveyed to Warland by DRS Sensors & Targeting
          Systems, Inc., a Delaware corporation ("DRS") permitting Warland to
          use thirty (30) parking spaces located on that certain parcel adjacent
          to the Leased Parcel commonly known as 10600 Valley View, Cypress,
          California (the "PARKING PARCEL") pursuant to that certain Parking
          License Agreement by and between Warland and DRS dated December 1,
          2005 (the "DRS AGREEMENT").

     C.   Subject to the terms and conditions of this Agreement, Tenant desires
          to use certain parking spaces on the Parking Parcel and, subject to
          the terms and conditions of this Agreement, Warland agrees to permit
          Tenant the use of such spaces.

     Therefore, for valuable consideration, the receipt and adequacy of which
are hereby acknowledged, the parties agree as follows:

     1.   Parking License. Subject to the terms and conditions of this
          Agreement, Warland hereby provides the Tenant with the exclusive
          license to use those thirty (30) passenger automobile parking spaces
          on the Parking Parcel designated on attached Exhibit A (the "PARKING
          SPACES") together with the necessary vehicular and pedestrian ingress
          and egress to the Parking Parcel for access to and from the Parking
          Spaces (collectively, the "LICENSE"). The License extends only to the
          Parking Spaces, and, under no circumstances shall Tenant or any of its
          agents, employees, representatives, licensees, business invitees,
          including, without limitation any visitors to the Leased Premises
          (collectively, "TENANT PARTIES") have any right to enter upon or use
          the other portion of the Parking Parcel.

     2.   Term. The term of this Agreement (the "TERM") shall begin on the
          "EXTENDED TERM COMMENCEMENT DATE" as defined in the Lease and shall
          continue until expiration or earlier termination of the Lease.

     3.   Permitted Use. The Parking Spaces shall only be used by Tenant Parties
          using the Leased Premises for the parking of passenger automobiles,
          light pick-up trucks, passenger vans, and motorcycles ("PERMITTED SIZE
          VEHICLES"). Without limiting

                                       -1-

<PAGE>

          the foregoing, the following is expressly prohibited on the Parking
          Parcel: (i) the parking of vehicles other than Permitted Size Vehicles
          (which shall be subject to immediate tow at Tenant's expense), (ii)
          the parking of vehicles owned, leased or operated by other than Tenant
          Parties in connection with their use of the Leased Premises, (iii)
          storage of any nature, (iv) any vehicles parked longer than two (2)
          consecutive business days (which shall then be subject to tow at
          Tenant's expense), and (iv) other than emergency tow or "roadside
          service", any automobile repair.

     4.   Parking Fee; Lease Performance. On the first day of every month of the
          Term, Tenant shall pay to Warland a fee for the use of the Parking
          Spaces in the amount of One Thousand Two Hundred Dollars ($1,200.00)
          ($40.00 for thirty (30) Parking Spaces) (the "PARKING FEE"). The
          Parking Fee shall be due and payable on the first day of every month
          concurrently with Tenant's payment of rent under the Lease. If Tenant
          fails to pay the Parking Fee when due and fails to cure such default
          within five (5) business days following written notice by Warland to
          Tenant, then Warland shall thereafter have the right, in Warland's
          sole and absolute discretion, to terminate the License and this
          Agreement. The Parking Fee for any partial month shall be prorated
          based on a 30-day month. Without limiting the foregoing, the License
          shall be as additional consideration for Tenant's continuing
          performance of those obligations on its part to be performed under the
          Lease. Nothing in this Agreement shall excuse, abate or alter any of
          Tenant's obligations under the Lease. Upon expiration or earlier
          termination of the Lease for any reason, the License and this
          Agreement shall automatically terminate.

     5.   Alterations; Insurance and Indemnity. Except payment of rent, the
          License shall be subject to all terms and conditions of the Lease
          which are incorporated herein by reference. However, to the extent of
          any inconsistency between the terms and conditions of this Agreement
          and the terms and conditions of the Lease, the terms and conditions of
          this Agreement shall control. Without limiting the foregoing, the
          following provisions shall apply to the License:

          5.1  Alterations. Under no circumstances shall Tenant modify or alter
               the Parking Parcel or any portion thereof.

          5.2  Repairs. Any damage caused by or through Tenant or any Tenant
               Parties (shall be repaired, at Warland's election, either
               directly by Tenant (at its sole cost) or by Warland subject to
               reimbursement by Tenant as additional rent pursuant to the
               payment procedures in the Lease). At any time during the Term at
               Warland's cost, Warland shall have the right to fence the Parking
               Spaces in order to separate the Parking Spaces from the remainder
               of the Parking Parcel.

          5.3  Insurance and Indemnity. The parties respective insurance and
               indemnity obligations under the Lease shall apply to the Parking
               Spaces, and Tenant's use of the License to the same extent as
               such obligations apply to Tenant's use of the Leased Premises
               under the Lease. Notwithstanding anything to

                                       -2-

<PAGE>

               the contrary, Tenant hereby indemnifies, defends and holds
               Warland, its officers, directors, shareholders, partners,
               affiliates and their respective agents and employees harmless
               from and against any claims, costs, losses, liabilities, damages,
               or expenses caused by or resulting from Tenant and Tenant
               Parties', entry onto the Parking Parcel and use of the Parking
               Spaces by Tenant or Tenant's Parties.

     6.   Assignment and Subletting. The License shall be assigned to any
          permitted assignee under the Lease and partially assigned to any
          permitted subtenant under the Lease to the extent necessary for such
          subtenant's use of the portion of the Leased Premises so sublet. Under
          no circumstances shall this License be assigned or transferred in any
          manner independently of an assignment or sublease under the Lease, and
          any such independent assignment or other transfer shall be void.

     7.   Security. Tenant shall be solely responsible, at Tenant's sole cost,
          expense and liability, for the security of Parking Spaces and the
          safety of Tenant Parties or any other persons using or entering upon
          the Parking Spaces. To the extent Tenant engages any security
          personnel to comply with its obligations hereunder, Tenant shall be
          solely responsible for the number, competence and quality of such
          personnel. Tenant acknowledges that Warland shall not be providing any
          security to the Parking Parcel.

     8.   Default. In the event either party fails to perform any obligation on
          its part to be performed, such failure shall be subject to the same
          notice and cure provisions as set forth in the Lease. Termination of
          the Lease shall terminate this Agreement and the License.

     9.   Subordination. This Agreement and the License shall be subordinated to
          any mortgage or deed of trust on the Parking Parcel to the same extent
          as the Lease shall be subordinated to any mortgage or deed of trust on
          the Leased Premises in accordance with Lease Section 10.1. Tenant
          shall execute and deliver such subordination documents within ten (10)
          days following a written request from Warland.

     10.  Commission. No commission or fee shall be owed under this Agreement
          separate from the Lease or the Third Amendment thereto.

     11.  Personal Property Interests. The rights conveyed by this Agreement and
          the License are acknowledged to be personal property interests of
          Warland. This license grants no interest in nor attaches to any
          underlying real property within the Parking Parcel or the Leased
          Premises. Accordingly, the personal property rights conveyed by this
          License shall not entitle Tenant to file any claim, lien or notice
          against any real property. As material consideration for this License,
          Tenant waives any right it may have to record a lis pendens against
          the Parking Parcel under section 405 et seq. of the California Code
          of Civil Procedure, or any other provision of law, if a dispute arises
          under this License.

                                       -3-

<PAGE>

     12.  Costs of Enforcement. If it becomes necessary for either party to
          employ an attorney or other person or commence an action to enforce
          any of the provisions of this Agreement or interpret any of the
          provisions of this Agreement, the non-prevailing party shall pay to
          the prevailing all attorneys' fees and court costs incurred by the
          prevailing party in such action.

     13.  Notices. All notices and other communications made pursuant to this
          Agreement shall be made in the manner and shall be subject to the
          requirements of Lease.

     14.  Relocation. If the DRS Agreement terminates, Warland shall have the
          right, at any time upon not less than thirty (30) days prior written
          notice to Tenant, to relocate the Parking Spaces to 6200 Gateway
          Drive, Cypress, California, as exhibited on attached Exhibit B (the
          "ALTERNATIVE PARKING PARCEL").

     15.  Miscellaneous. This Agreement constitutes the entire agreement between
          the parties hereto pertaining to the subject matter hereof and all
          prior and contemporaneous agreements, representations and
          understandings of the parties hereto, oral or written, are hereby
          superseded and merged herein. No supplement, modification, or
          amendment of this Agreement shall be binding unless in writing and
          executed by the parties hereto. This Agreement shall be construed and
          enforced in accordance with, and governed by, the laws of the State of
          California. The headings of this Agreement are for purposes of
          reference only and shall not limit or define the meaning of the
          provisions hereof. This Agreement may be executed in any number of
          counterparts, each of which shall be an original and all of which
          shall constitute one and the same instrument. Neither this Agreement,
          nor a short form memorandum hereof shall be filed or recorded in any
          public office without Warland's prior written consent, which may be
          given or withheld in Warland's sole and absolute discretion; provided,
          however, if any lender having a secured interest in any of the Parking
          Parcel and/or the Leased Premises requires such recordation, Tenant
          shall execute and deliver to Warland a memorandum hereof in recordable
          form.

                            [SIGNATURE PAGE FOLLOWS]

                                       -4-

<PAGE>

WARLAND:                                WARLAND INVESTMENTS COMPANY,
                                        a California limited partnership

                                        By: /s/ CARL W. ROBERTSON
                                            ------------------------------------
                                            Carl W. Robertson,
                                            Co-Managing Director

                                        By: /s/ JOHN C. LAW
                                            ------------------------------------
                                            John C. Law,
                                            Co-Managing Director

TENANT:                                 UNIVERSAL ELECTRONICS INC.,
                                        a Delaware corporation

                                        By: /s/ PAUL ARLING
                                            ------------------------------------
                                        Its: CHAIRMAN & CEO

                                        By:
                                            ------------------------------------
                                        Its:
                                             -----------------------------------

                                       -5-

<PAGE>

                                    EXHIBIT A
                          TO PARKING LICENSE AGREEMENT

                         DEPICTION OF THE PARKING SPACES

                                  Exhibit "A"

<PAGE>

                            (TRACT NO. 467 DRAWING)

<PAGE>

                                    EXHIBIT B
                          TO PARKING LICENSE AGREEMENT

                         DEPICTION OF THE PARKING SPACES
                       ON THE ALTERNATIVE PARKING PARCEL

                                   Exhibit "B"

<PAGE>

                                   (SITE PLAN)<PAGE>
                                                                   Exhibit 10.28

               CHANGE IN CONTROL AND SALARY CONTINUATION AGREEMENT

         THIS AGREEMENT is made as of this 3rd day of March, 2006, by and
between Universal Electronics Inc., a Delaware corporation (the "Corporation")
and Robert P. Lilleness (the "Executive").

                                   WITNESSETH:

         WHEREAS, the Corporation, on behalf of itself and its subsidiaries,
wishes to attract and retain well-qualified executive and key personnel and to
assure both itself and the Executive of continuity of management in the event of
any actual or threatened Change in Control (as defined in Paragraph 2) of the
Corporation; and

         WHEREAS, to achieve this purpose, the Board of Directors of the
Corporation considered and approved this Agreement to be entered into with the
Executive as being in the best interests of the Corporation and its
stockholders;

         NOW, THEREFORE, in consideration of the premises and mutual covenants
set forth herein, the parties hereto agree a follows:

1.       Operation of Agreement. The "effective date of this Agreement" shall be
         the date on which a Change in Control occurs, and this Agreement shall
         not have any force or effect whatsoever prior to that date.

2.       Change in Control. For the purposes of this Agreement, a "Change in
         Control" shall be deemed to occur when and only when the first of the
         following events occurs:

         a.       Any "person" or "group" (as such terms are used in Sections
                  3(a), 3(d), and 14(d) of the Securities Exchange Act of 1934,
                  as amended, and the rules and regulations promulgated
                  thereunder (the "1934 Act"), other than (i) a trustee or other
                  fiduciary holding securities under any employee benefit plan
                  of the Corporation or any of its subsidiaries or (ii) a
                  corporation owned directly or indirectly by the stockholders
                  of the Corporation in substantially the same proportions as
                  their ownership of stock in the Corporation, is or becomes the
                  "beneficial owner" (as defined in Rule 13d-3 under the 1934
                  Act)), directly or indirectly, of securities of the
                  Corporation representing 20% or more of the total voting power
                  of the then outstanding securities of the Corporation entitled
                  to vote generally in the election of directors (the "Voting
                  Stock"); or

                                       1

<PAGE>
         b.       Individuals who are members of the Incumbent Board, cease to
                  constitute a majority of the Board of Directors of the
                  Corporation; or

         c.       (i) The merger or consolidation of the Corporation with any
                  other corporation or entity, other than a merger or
                  consolidation which would result in the Voting Stock
                  outstanding immediately prior thereto continuing to represent
                  (either by remaining outstanding or by being converted into
                  voting securities of the surviving entity) at least 80% of the
                  total voting power represented by the Voting Stock or the
                  voting securities of such surviving entity outstanding
                  immediately after such merger or consolidation, (ii) the sale,
                  transfer or disposition of all or substantially all of the
                  Corporation's assets to any other corporation or entity,
                  and/or (iii) the dissolution or liquidation of the
                  Corporation.

         The term "Incumbent Board" shall mean (i) the members of the Board of
         Directors on March 3, 2006, and (ii) any individual who becomes a
         member of the Board of Directors after March 3, 2006, if his or her
         election or nomination for election as a director was approved by the
         affirmative vote of a majority of the then Incumbent Board.

3.       Employment. The Corporation hereby agrees to continue the Executive in
         its employ and/or the employ of one or more of its subsidiaries and the
         Executive hereby agrees to remain in the employ of the Corporation
         and/or such subsidiaries, for the period commencing on the effective
         date of this Agreement and ending on the second anniversary of such
         date (the "employment period"), to exercise such authority and perform
         such executive duties as are commensurate with the authority being
         exercised and duties being performed by the Executive immediately prior
         to the effective date of this Agreement, which services shall be
         performed at a location within the metropolitan area in which the
         Executive was employed immediately prior to the effective date of this
         Agreement. During the employment period, the Executive agrees to devote
         Executive's full business time exclusively to such executive duties and
         shall perform such duties faithfully.

4.       Compensation, Compensation Plans, Benefits and Perquisites. During the
         employment period, the Executive shall be compensated as follows:

         a.       Executive shall receive an annual salary at a rate which is
                  not less than Executive's rate of annual salary immediately
                  prior to the effective date of this Agreement, with the
                  opportunity for increases from time to time thereafter which
                  are in accordance with the Corporation's regular practices.

         b.       Executive shall be eligible to participate on a reasonable
                  basis in the Corporation's stock option plans, annual
                  incentive bonus programs and any other bonus and incentive
                  compensation plans (whether now or hereinafter in effect) in
                  which

                                       2

<PAGE>
                  executives with comparable authority and duties are eligible
                  to participate, which plans must provide opportunities to
                  receive compensation which are at least as great as the
                  opportunities under the plans in which the Executive was
                  participating immediately prior to the effective date of this
                  Agreement.

         c.       Executive shall be entitled to receive employee benefits and
                  perquisites which are the greater of the employee benefits and
                  perquisites provided by the Corporation to executives with
                  comparable duties or the employee benefits and perquisites to
                  which Executive was entitled immediately prior to the
                  effective date of this Agreement. Such benefits and
                  perquisites shall include, but not be limited to, the benefits
                  and perquisites included under the Universal Electronics Inc.
                  401(K) and Profit Sharing Plan, the Universal Electronics Inc.
                  1993 Stock Incentive Plan, the Universal Electronics Inc. 1995
                  Stock Incentive Plan, the Universal Electronics Inc. 1996
                  Stock Incentive Plan, the Universal Electronics Inc. 1998
                  Stock Incentive Plan, the Universal Electronics Inc. 1999
                  Stock Incentive Plan, the Salaried Employee Cash Incentive
                  Program, and the Universal Electronics Inc. group health
                  insurance program, which includes comprehensive medial
                  insurance, group disability, group life insurance, and
                  executive bonus (supplemental life) and such other plans as
                  shall be developed and implemented from time to time.

5.       Termination Following Change in Control

         a.       For purposes of this Agreement, the term "termination" shall
                  mean (i) termination by the Corporation of the employment of
                  the Executive with the Corporation and all of its subsidiaries
                  for any reason other than death, disability or "cause" (as
                  defined below), or (ii) resignation of the Executive (1) for
                  "good reason" (as defined below), or (2) without regard to
                  reason if notice of Executive's decision to resign is
                  delivered to the Corporation within sixty (60) calendar days
                  following the effective date of this Agreement.

         b.       The term "good reason" shall mean (i) a significant change in
                  the nature or scope or the location for the exercise or
                  performance of the Executive's authority or duties from those
                  referred to in Section 3, a reduction in total compensation,
                  compensation plans, benefits or perquisites from those
                  provided in Section 4, or the breach by the Corporation of any
                  other provision of this Agreement; or (ii) a reasonable
                  determination by the Executive that, as a result of a Change
                  in Control and a change in circumstances thereafter
                  significantly affecting Executive's position, Executive is
                  unable to exercise the authorities, power, function or duties
                  attached to Executive's position and contemplated by Section 3
                  of the Agreement.

                                       3

<PAGE>
         c.       The term "cause" means (i) the willful and continued failure
                  by the Executive to substantially perform Executive's duties
                  with the Corporation and/or, if applicable, one or more of its
                  subsidiaries (other than any such failure resulting from
                  Executive's incapacity due to physical or mental illness)
                  after a demand for substantial performance is delivered to
                  Executive by the Board of Directors of the Corporation which
                  specifically identifies the manner in which the Board believes
                  the Executive has not substantially performed Executive's
                  duties, (ii) the willful engaging by the Executive in gross
                  misconduct materially and demonstrably injurious to the
                  property or business of the Corporation or any of its
                  subsidiaries, or (iii) Executive's commission of fraud,
                  misappropriation or a felony. For purposes of this paragraph,
                  no act or failure to act on the Executive's part will be
                  considered "willful" unless done, or omitted to be done, by
                  Executive not in good faith and without reasonable belief that
                  Executive's action or omission was in the interests of the
                  Corporation or not opposed to the interests of the
                  Corporation.

6.       Confidentiality. The Executive agrees that during and after the
         employment period, Executive shall retain in confidence any
         confidential information known to Executive concerning the Corporation
         and its subsidiaries and their respective business for as long as such
         information is not publicly disclosed.

7.       No Obligation to Mitigate Damages. The Executive shall not be obligated
         to seek other employment in mitigation of amounts payable or
         arrangements made under the provisions of this Agreement and the
         obtaining of any such other employment shall in no event effect any
         reduction of the Corporation's obligations under this Agreement.

8.       Severance Allowance

         a.       In the event of the termination of the Executive during the
                  employment period, the Executive shall be entitled to receive
                  a lump sum severance allowance within five days of such
                  termination, in an amount which is equal to the sum of the
                  following:

                           (i)      The amount equivalent to salary payments for
                           24 calendar months, at the rate required by paragraph
                           4(a) and in effect immediately prior to termination
                           (without regard to any attempted reduction or
                           discontinuance of such salary); and

                           (ii)     The amount equivalent to 24 calendar months
                           of bonus, at the greater of (A) the monthly rate of
                           the bonus payment for the bonus period in the year
                           immediately prior to Executive' s termination date,
                           or (B) the estimated amount of the bonus for the
                           period which includes Executive's termination

                                       4

<PAGE>
                           date (without regard to any attempted reduction or
                           discontinuance of such bonus).

         b.       In addition to such amount under paragraph (a) above, the
                  Executive shall also receive, (i) in cash the value of the
                  incentive compensation (including, but not limited to,
                  employer contributions to the Universal Electronics Inc.
                  401(K) and Profit Sharing Plan and (ii) the rights to receive
                  grants of stock options and stock awards to which Executive
                  would have been entitled under all incentive compensation and
                  stock option and stock award plans maintained by the
                  Corporation if Executive had remained in the employ of the
                  Corporation for 24 months (without regard to any attempted
                  reduction or discontinuance of such incentive compensation).
                  The amount of such payment and/or grants shall be determined
                  as of the date of termination and shall be paid and/or issued
                  as promptly as practicable and in no event later than 30 days
                  after such termination.

         c.       The Corporation shall maintain in full force and effect for
                  the Executive's continued benefit (and, to the extent
                  applicable, the continued benefit of Executive's dependents)
                  all of the employee benefits (including, not limited to,
                  coverage under any medical and insurance plans, programs or
                  arrangements) to which Executive would have been entitled
                  under all employee benefit plans, programs or arrangements
                  maintained by the Corporation if Executive had remained in the
                  employ of the Corporation for 24 calendar months after
                  Executive's termination (without regard to any attempted
                  reduction or discontinuance of such benefits), or if such
                  continuation is not possible under the terms and provisions of
                  such plans, programs or arrangements, the Corporation shall
                  arrange to provide benefits at least equal to those which the
                  Executive (and, to the extent applicable, Executive's
                  dependents) would have been entitled to receive if the
                  Executive had remained a participant in such plans, programs
                  or for such 24-month period (without regard to any attempted
                  reduction or discontinuance of such benefits.

9.       Adjustments in Case of "Excess Parachute Payments. In the event that
         the aggregate present value (determined in accordance with applicable
         federal, state and local income tax law, rules and regulations) of all
         payments to be made and benefits to be provided to the Executive under
         this Agreement and/or under any other plan, program or arrangement
         maintained or entered into by the Corporation or any of its
         subsidiaries shall result in "excess parachute payments" to the
         Executive within the meaning of Section 280G of the Internal Revenue
         Code of 1986, as amended (the "Code"), or any comparable provision of
         successor legislation, which subject the Executive to the Excise Tax
         under Section 4999 of the Code or any comparable provision of successor
         legislation, the Corporation shall pay to the Executive an additional
         amount (the "gross-up payment") calculated so that the net amount
         received by Executive after deduction of the Excise Tax and of all
         federal, state, and local income taxes

                                       5

<PAGE>
         upon the gross-up payment shall equal the payments to be made and the
         benefits to be provided to the Executive under this Agreement. For
         purposes of determining the amount of the gross-up payment, the
         Executive shall be deemed to pay federal, state, and local income taxes
         at the highest marginal rates thereof in the calendar year in which the
         gross-up payment is to be made, net of the maximum reduction in federal
         income taxes obtainable from deduction of such state and local taxes.
         The computations required by this Section 9 shall be made by the
         independent public accountants then regularly retained by the
         Corporation, in consultation with tax counsel selected thereby and
         acceptable to the Executive. Said accountants' and tax counsel's fees
         shall be paid by the Corporation.

10.      Interest; Indemnification

         a.       In the event any payment to Executive under this Agreement is
                  not paid within five business days after it is due, such
                  payment shall thereafter bear interest at the prime rate from
                  time to time in effect at Bank of America, Los Angeles,
                  California.

         b.       The Corporation hereby indemnifies the Executive for all legal
                  and accounting fees and expenses incurred by Executive in
                  contesting any action of the Corporation with respect to this
                  Agreement, including the termination of Executive's employment
                  hereunder, or incurred by Executive in seeking to obtain or
                  enforce any right or benefit provided by this Agreement.

11.      Notices. Any notices, requests, demands and other communications
         provided for by this Agreement shall be sufficient if in writing and if
         sent by registered or certified mail to the Executive at the last
         address Executive has filed in writing with the Corporation or, in the
         case of the Corporation, at its principal executive offices.

12.      Non-Alienation. The Executive shall not have any right to pledge,
         hypothecate, anticipate or in any way create a lien upon any amounts
         provided under this Agreement; and no benefits payable hereunder shall
         be assignable in anticipation of payment either by voluntary or
         involuntary acts, or by operation of law, except by will or the laws of
         descent and distribution.

13.      Governing Law. The provisions of this Agreement shall be construed in
         accordance with the laws of the State of California, without regard to
         its conflict of laws provisions.

14.      Amendment. This Agreement may be amended or canceled only by mutual
         agreement of the parties in writing without the consent of any other
         person and, so long as the Executive lives, no person, other than the
         parties hereto, shall have any rights under or interest in this
         Agreement or the subject matter hereof.

                                       6

<PAGE>
15.      Successor to the Corporation. Except as otherwise provided herein, this
         Agreement shall be binding upon and inure to the benefit of the
         Corporation and any successor of the Corporation.

16.      Partial Invalidity. The various covenants and provisions of this
         Agreement are intended to be severable and to constitute independent
         and distinct binding obligations of the parties hereto. Should any
         covenant or provision of this Agreement be determined to be void and
         unenforceable, in whole or in part, to any party hereto or in any
         circumstance, it shall not be deemed to affect or impair the validity
         of any other covenant or provision of part thereof, and shall continue
         in effect to the extent valid, enforceable and applicable in other
         circumstances and to the other party, and such covenant or provision of
         part thereof shall be deemed modified but only to such a minimum extent
         required to permit it to remain valid, enforceable and applicable to
         such party or circumstance. Without limiting the generality of the
         foregoing, if the scope of any covenant, provision or part thereof
         contained in this Agreement is too broad to permit enforcement to its
         full extent, such covenant, provision or part thereof shall be enforced
         to the maximum extent permitted by law, and the parties hereto agree
         that such scope may be judicially modified accordingly.

17.      Interpretation of Agreement. The parties have cooperated in the
         drafting and preparation of this Agreement. Therefore, the parties
         hereto agree that, in any construction to be made of this Agreement,
         the same shall not be construed against any of the parties by reason of
         its drafting or the identity of its preparer. Each of the parties
         hereto has carefully read this Agreement and has been given the
         opportunity to have it reviewed by legal counsel and negotiate its
         terms.

18.      Conflict with Executive Officer Employment Agreement. The parties agree
         that the Executive Officer Employment Agreement between the Corporation
         and the Executive dated April __, 2003 (the "EOEA") shall be and remain
         in full force and effect in accordance with its terms subject to the
         following: (a) Executive acknowledges that he has received notice from
         the Corporation in accordance with the terms of the EOEA of the
         Corporation's decision to not renew the EOEA and that as a result of
         receiving this notice, the EOEA shall terminate without further action
         by the parties at the end of business on the "Initial Term" (as such
         term is defined within the EOEA), (b) to the extent that the terms of
         this Agreement conflict with those of the EOEA prior to the termination
         of the EOEA, the terms of the EOEA shall control until such time as the
         EOEA terminates, at which time the terms of this Agreement shall
         control, and (c) it is the intention of the parties to this Agreement
         that this Agreement will serve to replace certain benefits and rights
         given to Executive under the EOEA that terminate when the EOEA
         terminates and therefore, the Executive agrees and acknowledges that
         under no circumstances shall Executive receive remuneration (regardless
         of whether such remuneration is considered compensation, benefits,
         perquisites, or severance or the like) under both this Agreement and
         the EOEA at the same time, that is the Executive

                                       7

<PAGE>
         shall first look to the EOEA for such remuneration until the EOEA
         terminates and then to this Agreement.

         IN WITNESS WHEREOF, the Executive has executed this Agreement and,
pursuant to the authorization from its Board of Directors, the Corporation has
caused this Agreement to be executed in its name on its behalf, and attested by
its Secretary, all as of the day and year first above written.

                                           ------------------------------------
                                           Executive

                                           UNIVERSAL ELECTRONICS INC.,
                                           a Delaware corporation

                                           By:
                                               --------------------------------
                                           Paul D. Arling, Chairman and Chief
                                           Executive Officer

ATTEST:

--------------------------------------
Richard A. Firehammer, Jr., Secretary

                                       8

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