Real Estate Owned or Leased

UltraVision Corporation Leases 2900 square feet at Suite 204, 11911 US Highway 1, North Palm Beach from 42nd Street, LL C  for  $71,000 annually starting on January 2001 and is for a period of 36 months renewable every three years for three years.

This is the only real estate owned or leased by the company.