LEISUREPLAN

SALE OF RIGHT-TO-USE TIMESHARING CONTRACTS IN RESORT HOUSING FACILITIE S,USUALLY CONDOMINIUMS, RESERVATION SERVICES, EXCHANGE SERVICES FOR PURCHASERS OF SAID CONTRACTS, MAINTENANCE OF RESORT HOUSING UNITS, FULLY FURNISHED, PROVIDING OF MAID SERVICES FOR SAID UNITS, THE RIGHT- TO-USE NATURE OF THE CONTRACTS CONTRACTUALLY GRANT THE PURCHASES A RIG HT TO OCCUPY AT CERTAIN INTERVALS FOR A TERM OF YEARS, BUT IS NOT A LEASE BECAUSE THE INTERVAL OF OCCUPANCY IS NOTSPECIFIED (IT IS A CHOI CE OF CERTAIN DESIGNATED WEEKS), AND THE UNIT THE PURCHASER IS OCCUPYI NG IS NOT SPECIFIEDBEYOND ONE OF THE UNITS IN THE PARTICULAR PROJECT