Bushwick Avenue Lofts

Amendment 2 Aug 20, 2024

Changes closing attorney and escrow agent, and extends the plan's effective period by six months.

• Closing attorney and Escrow Agent changed to Wexler & Kaufman, PLLC at 462 Seventh Ave., 12th Fl., New York, NY 10018
• Escrow signatories are Marc Kaufman, Esq. and Brett Wexler, Esq.
• Escrow account established at First Horizon Bank, Memphis, TN, titled "Wexler & Kaufman, PLLC Attorney Trust IOLA Acct"
• FDIC insurance covers up to $250,000 per deposit in escrow account
• Deposits must be checks, money orders, or wire transfers payable to "Wexler & Kaufman, PLLC, as Escrow Agent"
• Plan's effective period extended six (6) months from amendment acceptance date

Amendment 1 Jul 12, 2024

First amendment adjusts purchase prices of unsold residential units and parking spaces.

• Purchase prices increased and/or decreased for all unsold units per Exhibit A
• Total offering price for all units and parking: $10,950,500.00
• No units in contract as of amendment date
• First year of condominium operation: August 1, 2024 to July 31, 2025
• Schedule A prices increased for 12 homes (median +21.4%): 1A $650,000 → $995,000; 2A $565,000 → $670,000; 2B $565,000 → $670,000; 2C $625,000 → $695,500; ...