Glenwood & The Greenwood *

Amendment 26 Feb 9, 2011

This amendment updates the sponsor's maintenance deficiency obligations, adds 2008-2009 financial statements and a 2011 budget, refreshes the J-51 tax benefit disclosure, and lists the current board.

• BWGW covers a monthly deficiency of approximately $272.23 (maintenance of approximately $8,661.60 against rent of approximately $8,389.37)
• BWGW has not pledged any unsold shares as collateral and is current on all Plan obligations
• Certified financial statements for 2009 and 2008 added as Schedule B, and the 2011 budget as Schedule C
• J-51 disclosure: first benefit terminates 6/30/2014 with $9,100.00 in abatement monies remaining; second terminates 6/30/2016 with $27,080.16 remaining
• Schedule A lists 14 units with estimated sales prices totaling $3,240,000
• Current Board of Directors and officers listed; Seller is not in control of the Board
• Leonard Linsker's interests in other cooperative and condominium projects disclosed

Amendment 25 Sep 30, 2009

This amendment raises the price of unsold Unit 1B to $219,000.00 and updates the sponsor's maintenance deficiency, financial statements, budgets, board list, and disclosure of other building interests.

• Purchase price of unsold Unit 1B increased to $219,000.00
• Sponsor covers a deficiency of approximately $472.57 per month (maintenance approximately $9,182.90 vs. rent collected approximately $8,709.81)
• Certified financial statements for 2006 and 2007 added; 2008 statement not yet available
• Budgets for 2008 and 2009 added
• Board of Directors list updated: Angela Wood (President), Michael Newman (Secretary), Beverly Mulvihill (Treasurer), Rupali Kumar
• Disclosure added of Leonard Linsker's principal role in an entity holding interests in other cooperatives in Brooklyn
• Sponsor states it is current on all Plan obligations and has been since acquisition

Amendment 24 Sep 27, 2006

This amendment reports BWGW's monthly maintenance obligations and deficiency, attaches the 2004-2005 financial statements and 2006 budget, lists the current board, changes the attorney who prepares plan amendments, and lists 14 units with prices in Schedule A.

• BWGW's monthly maintenance obligation stated as approximately $8,812.92, with rent collected of approximately $8,272.23 and a deficiency of approximately $540.69 per month made up by BWGW
• Financial statements for January 1, 2004 through December 31, 2005 annexed as Schedule B
• Budget for the fiscal year beginning January 1, 2006 annexed as Schedule C
• Board of Directors listed: Angela Wood (President), Michael Newman (Secretary), Beverly Mulvihill (Treasurer), Rupali Kumar
• Herrick, Feinstein LLP will prepare plan amendments; Konner Teitelbaum & Gallagher, LLP continues for contracts and closings
• Disclosure of Leonard Linsker's principal interest in Kings Village Corp. and other Brooklyn cooperatives
• Schedule A lists 14 units with sales prices at $600 per share, totaling $3,699,000

Amendment 23 Aug 17, 2005

BWGW, LLC, led by Leonard Linsker, now offers and sells 14 cooperative apartments' shares and leases, bought from Chester Glenwood-Greenwood, LP, at $600 per share, under new escrow and purchase terms.

• BWGW, LLC bought Shares and Leases for 14 apartments from Chester Glenwood-Greenwood, LP on July 21, 2005
• Price raised to $600 per share for all Shares and Leases bought by BWGW
• Apartments 1H at 140-10 84th Drive and 4D at 139-21 84th Drive remain with Chester Glenwood-Greenwood, LP
• Purchasers pay transfer taxes, $625 in transfer agent, managing agent or attorney costs, and seller's attorney fees of $1,000 plus disbursements
• Down payments deposited in Konner Teitelbaum & Gallagher escrow account within five business days; this replaces the Plan's escrow provisions
• BWGW has twenty (20) days to accept or reject each Purchase Agreement; no response counts as rejection
• Time is of the essence for curing a default within fifteen (15) days after notice of cancellation
• Prices and other terms may be negotiated case by case; purchasers may make a cooperative loan contingency

Amendment 22 Mar 9, 2005

This Twenty-Second Amendment changes the prices of the Unsold Shares as set out in Schedule A, reports Chester's maintenance surplus, annexes the 2003 financial statements and 2005 budget, and notes that the maintenance rebate has expired.

• Prices of Unsold Shares amended as set forth in Schedule A
• Chester's monthly maintenance of approximately $12,986 is covered by rent of approximately $13,015, a surplus of approximately $29 per month
• No other Chester obligations due within the next twelve months besides maintenance; Chester is current on all obligations
• Certified financial statements for January 1, 2003 through December 31, 2003 annexed as Schedule B
• Corporation budget for the fiscal year beginning January 1, 2005 annexed as Schedule C
• Maintenance rebate from the 19th Amendment expired and has not been renewed
• Board of Directors list updated; Seller is not in control of the Board

Amendment 21 Jan 10, 2005

The amendment changes the prices of certain remaining unsold apartment shares, as set out in an amended Schedule A, and states that there are no other material changes.

Amendment 20 May 27, 2004

This twentieth amendment changes the prices of certain remaining unsold shares allocated to apartments, as set out in an amended Schedule A, and states that there are no other material changes.

• Prices for certain remaining Unsold Shares allocated to apartments changed per amended Schedule A
• No other material changes to the offering

Amendment 18 Nov 26, 2003

The OCR text is too garbled to identify any changes this amendment makes to the plan.

Amendment 17 Jun 11, 2003

The OCR text is unreadable, so this amendment's changes to the plan cannot be identified.

Amendment 16 May 19, 2003

The OCR text is too garbled to identify any changes to the offering plan, so the amendment's contents cannot be determined from it.

Amendment 15 Apr 1, 2003

The OCR text is too garbled to identify any changes this amendment makes to the plan.

Amendment 14 May 2, 2001

The OCR text is too garbled to identify any changes this amendment makes to the plan.

Amendment 13 Jun 16, 1994

The OCR text is unreadable garbage characters, so no changes to the offering plan can be identified.