Renaissance Condo. The Residential Unit

Amendment 2 Jul 31, 2001

This amendment removes washer/dryer hook-ups from ten apartments, gives buyers who signed for them a right to rescind, updates the move-in and conversion timing, and changes credit investigation fees and property specifications.

• Washer/dryer hook-ups removed from apartments 202, 302, 402, 502, 602, 702, 802, 902, 1002 and 1102; buyers who signed for them may rescind by August 15, 2001
• Dryer electrical service is 20 amp; check appliance compatibility before moving in
• Temporary certificate of occupancy anticipated July 2001; move-ins anticipated to begin August 2001 and spread over several months
• Cooperative Conversion anticipated in late September 2001
• First-year maintenance charges unchanged; budget savings allocated to contingency
• Two additional ducts to be installed on the second floor roof
• Description of Property and Specifications amended and restated by the architect
• $25 credit investigation fee for each additional occupant age 18 or older, even if not a purchaser

Amendment 1 Nov 22, 2000

This amendment changes the Sponsor's closing counsel and escrow agent to Plunkett & Jaffe, P.C., revises Schedule A and the budget to increase the number of Shares to 161,299, replaces the floor plans, notes new rooftop duct work, clarifies the purchase invitation order, and updates the sales office phone number.

• Sponsor's closing counsel and escrow agent changed to Plunkett & Jaffe, P.C.; down payment checks to be payable to "Plunkett & Jaffe, P.C. as Escrow Agent"
• Escrow Account moved to "Plunkett & Jaffe P.C. Attorney Trust Account for The Renaissance" at The Chase Manhattan Bank, 270 Park Avenue
• Total Shares offered increased to 161,299; aggregate sales price unchanged
• Revised Schedule A (Exhibit 1) and revised projected budget (Exhibit 3) attached; projected maintenance kept at $2 per Share per month, contingency increased
• Full floor key plans and individual apartment floor plans replaced with revised versions (Exhibits 4 and 5), including revised apartment numbers
• Duct work to be installed in the second-floor roof courtyard, rising no more than six feet, used for Commercial Unit ventilation and emergency smoke purge; Apartment 204 patio flue right reserved
• Sponsor may begin inviting Basic Sequence List parties once enough Preference List Purchase Agreements meet Special Preference Group goals, without first inviting all Preference List parties
• Sales Office phone number changed to 212-427-2500