<SEC-DOCUMENT>0001133796-15-000009.txt : 20150302
<SEC-HEADER>0001133796-15-000009.hdr.sgml : 20150302
<ACCEPTANCE-DATETIME>20150302145515
ACCESSION NUMBER:		0001133796-15-000009
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20150302
DATE AS OF CHANGE:		20150302
GROUP MEMBERS:		RENN CAPITAL GROUP, INC.
GROUP MEMBERS:		RENN UNIVERSAL GROWTH INVESTMENT TRUST
GROUP MEMBERS:		RUSSELL CLEVELAND

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BOVIE MEDICAL CORP
		CENTRAL INDEX KEY:			0000719135
		STANDARD INDUSTRIAL CLASSIFICATION:	SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
		IRS NUMBER:				112644611
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-35626
		FILM NUMBER:		15663973

	BUSINESS ADDRESS:	
		STREET 1:		5115 ULMERTON RD.
		CITY:			CLEARWATER
		STATE:			FL
		ZIP:			33760
		BUSINESS PHONE:		727-384-2323

	MAIL ADDRESS:	
		STREET 1:		5115 ULMERTON RD.
		CITY:			CLEARWATER
		STATE:			FL
		ZIP:			33760

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AN CON GENETICS INC
		DATE OF NAME CHANGE:	19920703

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RENN Fund, Inc.
		CENTRAL INDEX KEY:			0000919567
		IRS NUMBER:				752533518
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		8080 N CENTRAL EXPRWY
		STREET 2:		STE 210 LB59
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75206
		BUSINESS PHONE:		2148918294

	MAIL ADDRESS:	
		STREET 1:		8080 N CENTRAL EXPWY., SUITE 210 LB 59
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75206

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RENN Global Entrepreneurs Fund, Inc.
		DATE OF NAME CHANGE:	20090519

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RENAISSANCE CAPITAL GROWTH & INCOME FUND III INC
		DATE OF NAME CHANGE:	19940228
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>a403181_sc13ga.htm
<DESCRIPTION>SC 13G/A
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SCHEDULE 13G<BR>
<BR>
Under the Securities Exchange Act of 1934<BR>
(Amendment No. 21)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Bovie Medical Corp<BR>
&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;<BR>
(Name of Issuer)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Common Stock<BR>
&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;<BR>
(Title of Class of Securities)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">032347205<BR>
&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;<BR>
(CUSIP Number)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">February 23, 2015<BR>
&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;<BR>
(Date of Event Which Requires Filing of this Statement)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in 0pt 0">Check the appropriate box to designate the rule pursuant
to which this Schedule is filed:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="font-family: Wingdings">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;Rule 13d-1(b)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="font-family: Wingdings">x</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;Rule
13d-1(c)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="font-family: Wingdings">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;Rule
13d-1(d)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">*The remainder of this cover page shall be filled out for a
reporting person&rsquo;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided in a prior cover page.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The information required in the remainder of this cover page
shall not be deemed to be &ldquo;filed&rdquo; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&ldquo;Act&rdquo;)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).</P>


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<tr>
    <TD COLSPAN="2" STYLE="padding-top: 3pt; font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">CUSIP No.&nbsp;032347205</font></td>
    <TD STYLE="font-size: 10pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="padding-top: 3pt; font-size: 10pt">&nbsp;</td>
    <TD STYLE="font-size: 10pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="padding-top: 3pt; padding-bottom: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp;&nbsp;&nbsp; 1.&nbsp; Name of Reporting
        Person<br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RENN Universal Growth Investment Trust</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 00-000000&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></td>
    <TD STYLE="font-size: 10pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="padding-top: 3pt; font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp; 2.&nbsp; Check the Appropriate Box if a Member of a Group (See Instructions)</font></td>
    <TD STYLE="font-size: 10pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="padding-top: 3pt; padding-bottom: 10pt; font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) </font><font style="font: 10pt Wingdings">o</font><br>
<font style="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) </font><font style="font: 10pt Wingdings">x</font></td>
    <TD>&nbsp;</td></tr>
<tr>
    <TD>&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="padding-top: 3pt; padding-bottom: 12pt; font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp; 3.&nbsp; <b>SEC Use Only</b></font></td>
    <TD>&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="padding-top: 3pt; padding-bottom: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp;&nbsp;&nbsp; 4.&nbsp; Citizenship
        or Place of Organization&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        United Kingdom</P></td>
    <TD>&nbsp;</td></tr>
<tr>
    <TD ROWSPAN="4" STYLE="width: 19%; padding-top: 3pt; font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp; Number of Shares</font><br>
<font style="font: 10pt Times New Roman, Times, Serif">&nbsp; &nbsp;Beneficially</font><br>
<font style="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp; Owned by</font><br>
<font style="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp; Each Reporting</font><br>
<font style="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp; Person With:</font></td>
    <TD STYLE="width: 80%; padding-top: 3pt; font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp; 5.&nbsp; Sole Voting Power</font><br>
<font style="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,600,000 (1)</font></td>
    <TD STYLE="width: 1%; font-size: 10pt">&nbsp;</td></tr>
<tr>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp;&nbsp;&nbsp; 6.&nbsp; Shared Voting
        Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,500,000 (1)</P></td>
    <TD STYLE="font-size: 10pt">&nbsp;</td></tr>
<tr>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp;&nbsp;&nbsp; 7.&nbsp; Sole Dispositive
        Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,600,000 (1)</P></td>
    <TD STYLE="font-size: 10pt">&nbsp;</td></tr>
<tr>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp;&nbsp;&nbsp; 8.&nbsp; Shared Dispositive
        Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,500,000 (1)</P></td>
    <TD STYLE="font-size: 10pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="padding-top: 3pt; padding-bottom: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp;&nbsp;&nbsp; 9.&nbsp; Aggregate Amount
        Beneficially Owned by Each Reporting Person</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,600,000 (1)</P></td>
    <TD STYLE="font-size: 10pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="padding-top: 3pt; padding-bottom: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp; 10.&nbsp; Check if the Aggregate
        Amount in Row (9) Excludes Certain Shares (See Instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="font-family: Times New Roman, Times, Serif">&nbsp;</font><font style="font-family: Wingdings">
        o</font></P></td>
    <TD STYLE="font-size: 10pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="padding-top: 3pt; padding-bottom: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp; 11.&nbsp; Percent of Class Represented
        by Amount in Row (9)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.93%</P></td>
    <TD>&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><font style="font: 10pt Times New Roman, Times, Serif">&nbsp; 12.&nbsp; Type of Reporting Person (See Instructions)</font><br>
<font style="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IV</font></td>
    <TD STYLE="font-size: 10pt">&nbsp;</td></tr>
</table>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(1)</TD><TD STYLE="text-align: justify">RENN Universal Growth Investment Trust (&ldquo;RUGIT&rdquo;)
is the record owner and beneficial owner of 1,600,000 shares of the common stock of Bovie Medical Corp. RUGIT shares voting and
dispositive power over their respective shares with RENN Capital Group, Inc. (&ldquo;RENN&rdquo;) and RENN Fund, Inc. (&ldquo;RENN
Fund&rdquo;), pursuant to an investment advisory agreement. Mr. Russell Cleveland is the President of RENN and RENN Fund and may
be deemed to be the beneficial owner of the shares of common stock. Mr. Cleveland disclaims any such beneficial ownership.<BR>
<BR></TD>
</TR></TABLE>


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<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr>
    <TD COLSPAN="2" STYLE="padding: 3pt; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CUSIP
    No.&nbsp;032347205</FONT></td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="padding: 3pt; font-size: 10pt">&nbsp;</td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="padding: 3pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp;&nbsp;&nbsp; 1.&nbsp; Name of
        Reporting Persons.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RENN
        Fund, Inc.</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75-2533518&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P></td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="padding: 3pt; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;
    2.&nbsp; Check the Appropriate Box if a Member of a Group (See Instructions)</FONT></td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="padding: 3pt; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)
    </FONT><FONT STYLE="font: 10pt Wingdings">&#168;</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) </FONT><FONT STYLE="font: 10pt Wingdings">&#120;</FONT></td>
    <TD STYLE="padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD STYLE="padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="padding: 3pt; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;
    3.&nbsp; SEC Use Only</FONT></td>
    <TD STYLE="padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="padding: 3pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp;&nbsp;&nbsp; 4.&nbsp; Citizenship
        or Place of Organization</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        Texas</P></td>
    <TD STYLE="padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD ROWSPAN="4" STYLE="width: 20%; padding: 3pt; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;
    Number of Shares</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp; &nbsp;Beneficially</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp; Owned by</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp; Each Reporting</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp; Person With:</FONT></td>
    <TD STYLE="width: 79%; padding: 3pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp;&nbsp;&nbsp; 5.&nbsp; Sole Voting
        Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700,000
        (2)</FONT></P></td>
    <TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD STYLE="padding: 3pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp;&nbsp;&nbsp; 6.&nbsp; Shared
        Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,500,000
        (2)</FONT></P></td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD STYLE="padding: 3pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp;&nbsp;&nbsp; 7.&nbsp; Sole Dispositive
        Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700,000
        (2)</FONT></P></td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; padding-bottom: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;
    8.&nbsp; Shared Dispositive Power</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,500,000 (2)</FONT></td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="padding: 3pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp;&nbsp; 9.&nbsp;&nbsp; Aggregate
        Amount Beneficially Owned by Each Reporting Person</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700,000
        (2)</FONT></P></td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="padding: 3pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp; 10.&nbsp; Check if the Aggregate
        Amount in Row (9) Excludes Certain Shares (See Instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font: 10pt Wingdings">&#168;</FONT></P></td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; padding-bottom: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;
    &nbsp;&nbsp;11.&nbsp;Percent of Class Represented by Amount in Row (9)</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.91%</FONT></td>
    <TD STYLE="padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="padding: 3pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp; 12.&nbsp; Type of Reporting
        Person (See Instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IV</FONT></P></td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(2)</TD><TD STYLE="text-align: justify">RENN Fund, Inc. (&ldquo;RENN Fund&rdquo;), is the record
owner and beneficial owner of 700,000 shares of the common stock of Bovie Medical Corp. RENN Fund shares voting and dispositive
power over their respective shares with RENN Capital Group, Inc. (&ldquo;RENN&rdquo;) and RENN Universsl Growth Investment Trust
(&ldquo;RUGIT&rdquo;) pursuant to an investment advisory agreement. Mr. Russell Cleveland is the President of RENN and RENN Fund
and may be deemed to be the beneficial owner of the shares of common stock. Mr. Cleveland disclaims any such beneficial ownership.<BR>
<BR></TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr>
    <TD COLSPAN="2" STYLE="padding: 3pt; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CUSIP
    No.&nbsp;032347205</FONT></td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="padding: 3pt; font-size: 10pt">&nbsp;</td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="padding: 3pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp; 1.&nbsp; Name of Reporting Persons.<br>
        <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RENN Capital
        Group, Inc.</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75-2053968&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P></td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; padding-bottom: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;
    2.&nbsp; Check the Appropriate Box if a Member of a Group (See Instructions)</FONT></td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; padding-bottom: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)
    </FONT><FONT STYLE="font: 10pt Wingdings">&#168;</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) </FONT><FONT STYLE="font: 10pt Wingdings">&#120;</FONT></td>
    <TD STYLE="padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD STYLE="padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; padding-bottom: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;
    3.&nbsp; SEC Use Only</FONT></td>
    <TD STYLE="padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; padding-bottom: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;
    4.&nbsp; Citizenship or Place of Organization</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Texas</FONT></td>
    <TD STYLE="padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD ROWSPAN="4" STYLE="width: 20%; padding: 3pt; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;
    Number of Shares</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp; &nbsp;Beneficially</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp; Owned by</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp; Each Reporting</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp; Person With:</FONT></td>
    <TD STYLE="width: 79%; padding: 3pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp; Sole Voting
        Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150,000
        (3)</FONT></P></td>
    <TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; padding-bottom: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;
    6.&nbsp; Shared Voting Power</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,500,000 (4)</FONT></td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; padding-bottom: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;
    7.&nbsp; Sole Dispositive Power</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150,000 (3)</FONT></td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; padding-bottom: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;
    8.&nbsp; Shared Dispositive Power</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,500,000 (4)</FONT></td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; padding-bottom: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;
    9.&nbsp; Aggregate Amount Beneficially Owned by Each Reporting Person</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150,000 (3)&nbsp;</FONT></td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="padding: 3pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp; 10.&nbsp; Check if the Aggregate
        Amount in Row (9) Excludes Certain Shares (See Instructions)&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font: 10pt Wingdings">&#168;</FONT></P></td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; padding-bottom: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;
    11.&nbsp; Percent of Class Represented by Amount in Row (9)</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.84%</FONT></td>
    <TD STYLE="padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; padding-bottom: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;
    12.&nbsp; Type of Reporting Person (See Instructions)</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IV</FONT></td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(3)</TD><TD STYLE="text-align: justify">RENN Capital Group, Inc. (&ldquo;RENN&rdquo;), is the
record owner and beneficial owner of 150,000 shares of the common stock of Bovie Medical Corp. RENN shares voting and dispositive
power over their respective shares with RENN Universal Growth Investment Trust (&ldquo;RUGIT&rdquo;) and RENN Fund, Inc. (RENN
Fund). pursuant to an investment advisory agreement. Mr. Russell Cleveland is the President of RENN and RENN Fund and may be deemed
to be the beneficial owner of the shares of common stock. Mr. Cleveland disclaims any such beneficial ownership.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(4)</TD><TD STYLE="text-align: justify">RENN Capital Group, Inc. (&ldquo;RENN&rdquo;), is the
investment adviser to RUGIT and RENN Fund. RENN, RUGIT, and RENN Fund are record owners of the common stock of Bovie Medical Corp.
They all share voting and dispositive power over their respective shares pursuant to an investment advisory agreement. Mr. Russell
Cleveland is the president of RENN and RENN Fund and may be deemed to be the beneficial owner of the shares of common stock. Mr.
Cleveland disclaims any such beneficial ownership.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr>
    <TD COLSPAN="2" STYLE="padding: 3pt; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CUSIP
    No.&nbsp;032347205</FONT></td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="padding: 3pt; font-size: 10pt">&nbsp;</td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="padding: 3pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp;&nbsp;&nbsp;1.&nbsp; Name of
        Reporting Persons.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Russell
Cleveland&nbsp;&nbsp;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;</P></td>
    <TD STYLE="padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; padding-bottom: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;
    2.&nbsp; Check the Appropriate Box if a Member of a Group (See Instructions)</FONT></td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; padding-bottom: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)
    </FONT><FONT STYLE="font: 10pt Wingdings">&#168;</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) </FONT><FONT STYLE="font: 10pt Wingdings">&#120;</FONT></td>
    <TD STYLE="padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD STYLE="padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; padding-bottom: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;
    3.&nbsp; SEC Use Only</FONT></td>
    <TD STYLE="padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="padding: 3pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp;&nbsp; 4.&nbsp; &nbsp;Citizenship
        or Place of Organization</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United
        States&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P></td>
    <TD STYLE="padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD ROWSPAN="4" STYLE="width: 21%; padding: 3pt; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;
    Number of Shares</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp; &nbsp;Beneficially</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp; Owned by</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp; Each Reporting</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp; Person With:</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; width: 78%; padding-bottom: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;
    5.&nbsp; Sole Voting Power</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50,000 (5)</FONT></td>
    <TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; padding-bottom: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;
    6.&nbsp; Shared Voting Power</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,500,000 (6)</FONT></td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; padding-bottom: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;
    7.&nbsp; Sole Dispositive Power</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50,000 (5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; padding-bottom: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;
    8.&nbsp; Shared Dispositive Power</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,500,000 (6)</FONT></td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; padding-bottom: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;
    9.&nbsp;&nbsp; Aggregate Amount Beneficially Owned by Each Reporting Person</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50,000 (5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="padding: 3pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">&nbsp; 10.&nbsp; Check if the Aggregate
        Amount in Row (9) Excludes Certain Shares (See Instructions)&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font: 10pt Wingdings">&#168;</FONT></P></td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; padding-bottom: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;
    11.&nbsp; Percent of Class Represented by Amount in Row (9)</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.28%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; padding-bottom: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;
    &nbsp;12.&nbsp;Type of Reporting Person (See Instructions)</FONT><br>
    <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN</FONT></td>
    <TD STYLE="font-size: 10pt; padding-bottom: 3pt">&nbsp;</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(5)</TD><TD STYLE="text-align: justify">Russell Cleveland is the record owner and beneficial
owner of 50,000 shares of the common stock of Bovie Medical Corp. Mr. Cleveland shares voting and dispositive power over their
respective shares with RENN Universal Growth Investment Trust (&ldquo;RUGIT&rdquo;), RENN Fund, Inc. (&ldquo;RENN Fund&rdquo;),
and RENN Capital Group, Inc. (&ldquo;RENN&rdquo;), pursuant to an investment advisory agreement. Mr. Cleveland is the president
of RENN and RENN Fund and may be deemed to be the beneficial owner of the shares of common stock. Mr. Cleveland disclaims any
such beneficial ownership.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(6)</TD><TD STYLE="text-align: justify">RENN Capital Group, Inc. (&ldquo;RENN&rdquo;), is investment
to RUGIT and RENN Fund. RENN, RENN Fund, RUGIT, and Mr. Russell Cleveland are record owners of the common stock of Bovie Medical
Corp. They all share voting and dispositive power over their respectives shares pursuant to an investment advisory agreement.
Mr. Cleveland is the President of RENN and RENN Fund and may be deemed to be the beneficial owner of the shares of common stock.
Mr. Cleveland disclaims any such beneficial ownership.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>SCHEDULE 13G</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CUSIP No. 032347205&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 1in; font-size: 10pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="font-size: 10pt; border-bottom: Black 1pt solid">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Item 1(a).</font></td>
    <TD STYLE="font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Name of Issuer:</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <TD STYLE="font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Bovie Medical Corp</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="font-size: 10pt; border-bottom: Black 1pt solid">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Item 1(b).</font></td>
    <TD STYLE="font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Address of Issuer's Principal Executive Offices:</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <TD STYLE="font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">734 Walt Whitman Rd.</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <TD STYLE="font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">New York, NY 11747</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="font-size: 10pt; border-bottom: Black 1pt solid">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Item 2(a).</font></td>
    <TD STYLE="font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Name of Person Filing:</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <TD STYLE="font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">RENN Universal Growth Investment Trust</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <TD STYLE="font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">RENN Fund, Inc.</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <TD STYLE="font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">RENN Capital Group, Inc.</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <TD STYLE="font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Russell Cleveland</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="font-size: 10pt; border-bottom: Black 1pt solid">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Item 2(b).</font></td>
    <TD STYLE="font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Address of Principal Business Office, or if None, Residence:</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <TD STYLE="font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">RENN Capital Group, Inc.</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <TD STYLE="font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">8080 N. Central Expressway, Suite 210 LB 59, Dallas, TX 75206</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="font-size: 10pt; border-bottom: Black 1pt solid">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Item 2(c).</font></td>
    <TD STYLE="font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Citizenship:</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <TD STYLE="font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">United Kingdom, Texas, Texas, United States</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="font-size: 10pt; border-bottom: Black 1pt solid">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Item 2(d).</font></td>
    <TD STYLE="font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Title of Class of Securities:</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <TD STYLE="font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Common Stock</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt; border-bottom: Black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif"></font></td>
    <TD STYLE="font-size: 10pt; border-bottom: Black 1pt solid">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Item 2(e).</font></td>
    <TD STYLE="font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">CUSIP Number:</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <TD STYLE="font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">032347205</font></td></tr>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD><font style="font: 10pt Times New Roman, Times, Serif">Item 3.</font></td>
    <TD COLSPAN="2"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">If this statement is filed pursuant to &sect;&sect;240.13d-1(b) or240.13d-2(b) or (c), check whether the person filing is a:</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="width: 1in">&nbsp;</td>
    <TD STYLE="width: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;(a)</font></td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT> Broker or dealer registered under &sect;15 of the Act (15U.S.C. 78o).</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;(b)</font></td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT> Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;(c)</font></td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT> Insurance company as defined in section 3(a)(19) of the Act (15U.S.C. 78c).</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;(d)</font></td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT> Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;(e)</font></td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT> An investment adviser in accordance with &sect;240.13d-1(b)(1)(ii)(E);</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;(f)</font></td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT> An employee benefit plan or endowment fund in accordance with&sect;240.13d-1(b)(1)(ii)(F);</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;(g)</font></td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT> A parent holding company or control person in accordance with&sect;240.13d-1(b)(1)(ii)(G);</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;(h)</font></td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT> A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;(i)</font></td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT> A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;(j)</font></td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT> Group, in accordance with &sect;240.13d-1(b)(1)(ii)(J).</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>






<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><BR>
Item 4.&nbsp; Ownership.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Provide&nbsp;
the&nbsp; following&nbsp; information&nbsp; regarding&nbsp; the&nbsp; aggregate&nbsp; number and percentage of the class of
securities of the issuer identified in Item 1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="width: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif">(a)</font></td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">Amount beneficially owned: </font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">RUGIT &ndash; 1,600,000</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">RENN Fund &ndash; 700,000</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">RENN Capital Group &ndash; 150,000</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">Russell Cleveland &ndash; 50,000</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">(b)</font></td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">Percent of class:</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">RUGIT &ndash; 8.93%</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">RENN Fund &ndash; 3.91%</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">RENN Capital Group &ndash; 0.84%</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">Russell Cleveland &ndash; 0.28%</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">(c)</font></td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">Number of shares as to which such person has:</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 1in">&nbsp;</TD>
    <TD STYLE="width: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif">(i)</font></td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">Sole power to vote or to direct the vote</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">RUGIT &ndash; 1,600,000</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">RENN Fund &ndash; 700,000</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">RENN Capital Group &ndash; 150,000</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">Russell Cleveland &ndash; 50,000</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">(ii)</font></td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">Shared power to vote or to direct the vote</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">2,500,000 (5)</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">(iii)</font></td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">Sole power to dispose or to direct the disposition of</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">RUGIT &ndash; 1,600,000</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">RENN Fund &ndash; 700,000</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">RENN Capital Group &ndash; 150,000</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">Russell Cleveland &ndash; 50,000</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">(iv)</font></td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">Shared power to dispose or to direct the disposition of</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">2,500,000 (5)</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><BR>
Item 5.&nbsp; Ownership of Five Percent or Less of a Class.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;&nbsp; If this
statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities check the following <FONT STYLE="font-family: Wingdings">&#168;</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><BR>
</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><BR>
</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 6.&nbsp; Ownership of More Than Five Percent on Behalf of Another Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Not applicable&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><BR>
</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 7.&nbsp; Identification and Classification of the Subsidiary Which Acquired the&nbsp; Security Being Reported on by the
Parent Holding Company or Control&nbsp;Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Not applicable&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><BR>
</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 8.&nbsp; Identification and Classification of Members of the Group.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Not applicable&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><BR>
</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 9.&nbsp; Notice of Dissolution of Group.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Not applicable</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 10.&nbsp; Certifications.</P>

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<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in; text-align: left">(a)</TD><TD STYLE="text-align: justify">The following certification shall be included if the
statement is filed&nbsp;pursuant to &sect;240.13d-1(b): By signing below I certify that, to the best of my knowledge and&nbsp;belief,
the securities referred to above were acquired and are held in&nbsp;the ordinary course of business and were not acquired and
are not held&nbsp; for the purpose of or with the effect of changing or influencing the&nbsp;control of the issuer of the securities
and were not acquired and are&nbsp;not held in connection with or as a participant in any transaction&nbsp;having that purpose
or effect.</TD>
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<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in; text-align: left">(b)</TD><TD STYLE="text-align: justify">The following certification shall be included if the
statement is filed&nbsp;pursuant to &sect;240.13d-1(c): By signing below I certify that, to the best of my knowledge and&nbsp;belief,
the securities referred to above were acquired and are held in&nbsp;the ordinary course of business and were not acquired and
are not held&nbsp; for the purpose of or with the effect of changing or influencing the&nbsp;control of the issuer of the securities
and were not acquired and are&nbsp;not held in connection with or as a participant in any transaction&nbsp;having that purpose
or effect.</TD>
</TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SIGNATURE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;After
reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true,
complete and correct.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD COLSPAN="2"><B>RENN Universal Growth Investment Trust</B></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</td>
    <TD STYLE="width: 10%">&nbsp;</td>
    <TD STYLE="width: 40%">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD>Date: March 2, 2015</td>
    <TD>By:</td>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Russell Cleveland</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>Name:</td>
    <TD>Russell Cleveland</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>Title:</td>
    <TD>President, RENN Capital Group, Inc.</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>Investment Adviser</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD COLSPAN="2"><B>RENN Fund, Inc.</B></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD>Date: March 2, 2015</td>
    <TD>By:</td>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Russell Cleveland</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>Name:</td>
    <TD>Russell Cleveland</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>Title:</td>
    <TD>President, RENN Capital Group, Inc.</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>Investment Adviser</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD COLSPAN="2"><B>RENN Capital Group, Inc.</B></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD>Date: March 2, 2015</td>
    <TD>By:</td>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Russell Cleveland</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>Name:</td>
    <TD>Russell Cleveland</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>Title:</td>
    <TD>President</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD COLSPAN="2"><B>Russell Cleveland</B></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD>Date: March 2, 2015</td>
    <TD>By:</td>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Russell Cleveland</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>Name:</td>
    <TD>Russell Cleveland</td></tr>
</table>
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