Metropolitan Condominium

Amendment 5 Sep 23, 2004

Floor tiles specified for recreational rooms in three residential units.

• Recreational room floors for Units 1A and 1C: 13" x 13" gray ceramic tiles
• Recreational room floor for Unit 1B: 13" x 13" beige ceramic tiles

Amendment 4 Mar 24, 2004

Plan declared effective with all 10 residential units sold, first closing anticipated May 31, 2004, and escrow bank changed to Signature Bank.

• Plan declared effective on March 17, 2004 with all 10 residential units sold (100% of units offered)
• First Unit closing anticipated on or about May 31, 2004
• Escrow funds moved from previous bank to Signature Bank, 1225 Franklin Avenue, Garden City, New York 11530
• Plan usage extended for six (6) months from amendment filing date

Amendment 3 Mar 12, 2004

Unit descriptions corrected and Schedule A revised with updated unit configurations.

• Unit 1A revised to 1.5/0BR/1.5BTH/1Y
• Unit 1B revised to 2.5/1BR/1.5BTH/1Y
• Schedule A updated with price revisions from Amendment No. 1
• The Developers Group appointed as exclusive Selling Agent
• Description of Property Report addendum issued

Amendment 2 Jan 14, 2004

Price of Residential Unit Number 4A increased to $825,000.

Amendment 1 Dec 15, 2003

Prices of ten units increased effective December 15, 2003.

• Unit PH price: $1,090,000
• Unit 4A price: $747,054
• Unit 4B price: $679,000
• Unit 3A price: $659,000
• Unit 3B price: $653,000
• Unit 2A price: $625,000
• Unit 2B price: $625,000
• Unit 1A price: $399,000
• Schedule A prices increased for 9 homes (median +3.0%): 1A $390,096 → $399,000; 1B $489,888 → $495,000; 1C $562,464 → $575,000; 2A $602,112 → $625,000; ...