151 East 83rd Street

Amendment 18 Aug 22, 2005

The amendment adopts the 2005 budget, raises maintenance charges from $38.00 to $38.50 per share, attaches the 2004 audited financial statements, and updates the board list and the sponsor's unsold-share disclosures.

• Maintenance Charges increased from $38.00 to $38.50 per share as of January 1, 2005
• Budget for 2005 adopted (Exhibit A)
• Audited financial statements for the year ended December 31, 2004 attached (Exhibit B)
• Monthly maintenance charge for all unsold units is $3.208 per share (as of April 1, 2005)
• Aggregate monthly Maintenance Charges owed by the Holder of Unsold Shares approximately $11,164.00; aggregate monthly rents approximately $10,495
• Unsold shares not subject to any financing; no obligations due within 12 months other than Maintenance Charges
• Board of directors list updated

Amendment 17 2003

The amendment raises annual maintenance charges to $37.00 per share from January 1, 2003, adopts the 2003 budget, attaches 2002 audited financials, updates the board list, and discloses the unsold-share holder's finances.

• Maintenance Charges increased from $32.00 to $37.00 per share as of January 1, 2003
• 2003 budget adopted (Exhibit A): projected disbursements of $1,427,200 and projected deficit of ($12,160)
• Real estate taxes budgeted at $476,000 for 2003, up from $340,000 in the 2002 budget
• Audited financial statements for the year ended December 31, 2002 attached (Exhibit B)
• Board of directors and officers list updated with eight names
• Unsold shares: monthly maintenance charge stated as $3.083 per share, with aggregate maintenance of approximately $12,056 as of July 1, 2003
• Holder of Unsold Shares reports no financing on unsold shares and no obligations due within 12 months other than maintenance charges

Amendment 16 Aug 7, 2002

This amendment raises maintenance charges to $32.00 per share for 2002, adopts the 2002 budget, attaches the 2001 audited financial statements, updates the board list, and updates disclosures about the unsold shares held by the Holder of Unsold Shares.

• Maintenance Charges increased from $31.50 to $32.00 per share as of January 1, 2002
• Budget for 2002 adopted, with a projected deficit of ($12,320)
• Unsold shares: aggregate monthly Maintenance Charges owed in respect of May, 2002 approximately $11,387; monthly maintenance charge for all unsold units $2.666 per share
• Unsold shares: aggregate monthly rents of approximately $11,226 in respect of May, 2002
• Unsold shares are not subject to any financing
• Audited financial statements for the year ended December 31, 2001 attached
• Board of directors and officers list updated

Amendment 15 May 30, 2001

This amendment raises maintenance charges to $31.50 per share effective January 1, 2001, adopts the 2001 budget, attaches the 2000 financial statements, updates the board, and reports the unsold shares' finances held by the Holder of Unsold Shares.

• Maintenance Charges increased from $30.60 to $31.50 per share as of January 1, 2001
• Budget for 2001 adopted, with total projected receipts and disbursements of $1,210,750
• Audited financial statements for the year ended December 31, 2000 attached
• Board of directors and officers listed
• Monthly maintenance for unsold shares approximately $11,209 in May 2001; monthly maintenance charge for unsold units is $2.625 per share
• Monthly rents from the Holder of Unsold Shares' apartments approximately $10,862 in May 2001
• Unsold shares are not subject to any financing
• Holder of Unsold Shares has no financial obligations due within twelve months other than Maintenance Charges, and is current on payments

Amendment 14 Apr 25, 2000

This Fourteenth Amendment raises the purchase price of Unit 5A and reserves the Sponsor's right to further revise unit prices and other terms, including for units already under a Purchase Agreement, without that buyer's consent.

• Purchase price of Unit 5A increased (new amount not stated in the text)
• Sponsor may further revise purchase prices and other terms of units
• Changes may be made to units with a Purchase Agreement in effect without that purchaser's consent
• Amendment states no other material changes to the Plan

Amendment 13 2000

This thirteenth amendment adopts the 2000 budget, raises annual maintenance from $30.00 to $30.60 per share, and updates the sponsor's unsold-share disclosures, board list, and 1998 audited financial statements.

• Maintenance charges increased from $30.00 to $30.60 per share as of January 1, 2000
• Budget for 2000 adopted, with total estimated receipts and disbursements of $1,192,452 and projected surplus (deficit) of -0-
• Monthly maintenance charge for all unsold units is $2.55 per share
• Holder of Unsold Shares' aggregate monthly maintenance for January 2000 was approximately $14,280
• Holder of Unsold Shares' aggregate monthly rents for January 2000 were approximately $13,810
• Unsold Shares are not subject to any financing
• Board of directors and officers list updated
• Audited financial statements for the year ended December 31, 1998 attached as Exhibit B

Amendment 12 Jan 13, 1999

The amendment adopts the 1999 budget, which raises the maintenance charge from $29.20 to $30.00 per share effective January 1, 1999, and updates the board roster and financial disclosures about the unsold-shares holder.

• Maintenance charges increased from $29.20 to $30.00 per share as of January 1, 1999, under the 1999 budget
• 1999 budget adopted, with total estimated receipts of $1,151,800 and total projected disbursements of $1,151,800 (Exhibit A)
• Audited financial statements for the year ended December 31, 1997 attached (Exhibit B)
• Board of directors and officers list updated (Exhibit C shows shares owned by the Holder of Unsold Shares)
• Holder of Unsold Shares' November 1998 maintenance charges on unsold shares were approximately $13,631 and monthly rents from tenants were approximately $13,109
• Holder of Unsold Shares has no obligations to the corporation due within twelve months other than maintenance charges, and the unsold shares are not subject to financing
• Holder of Unsold Shares is current on all Plan obligations, owns no shares in any other building, and has never controlled the board