West 129th Street Cooperative

3. Amendment 3 [DATE ACCEPTED BY AG], 2020

   The amendment sets the Effective Date based on 44 purchase agreements, revises the Effective Date test, cuts some unit prices, changes how unsold shares are held and sold, bars rentals of vacant units, and adds appliance and signing rules.

   • Effective Date set based on 44 Purchasers (36 Insiders, 8 Outsiders)
   • Effective Date test revised: senior-citizen Insiders and Insiders not in Good Standing no longer count toward the 80% threshold, so 31 Purchasers, including at least 20 Insiders, are needed
   • Apartment 1 at 51-53 West 129th Street, now vacant, offered at the Outsider purchase price of $178,500
   • Outsider purchase price reduced to $140,000 for 39-41 West 129th Street Apartments 4B and 6A and 51-53 West 129th Street Apartment 18
   • Total offering price now $2,245,500
   • Sponsor, not the HDFC Apartment Corporation, holds the 13 Unsold Vacant Unit Shares in escrow; Net Sales Proceeds go to the HDFC Apartment Corporation; Sponsor will use best efforts to transfer them by September 30, 2021, and pays their Maintenance Charges
   • Sponsor may not lease vacant Apartments to Rental Tenants
   • Dishwashers, washers and/or dryers prohibited in the Apartments; one officer may sign HDFC documents with prior Board authorization

Summarized from the amendments' text (scanned ones read with OCR); the filings themselves are on the Attorney General's site. 1 of 3 amendments summarized so far.