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Touchtop Technologies, Inc. |
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FACILITIES
TouchTop Technologies' principal
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office space is located in New York, New York. The 3,000 square foot facility is occupied under a lease
expiring in February of 1998. A right of first refusal exists on up to 10,000 square feet of additional space at this location. As marketing and license support activities develop, the
Company anticipates growing needs for office space in the Pacific Rim. Under the terms of the NEEC agreement, the company will have use of approximately 800 square feet of office space at NEEC's
facilities in Korea. The vagaries of negotiation are such that management does not assume similar agreements will be obtained with other manufacturers licensing the Company's Technology. A
provision for this additional space was considered in projecting rental expense over the next five years.