Lumiere/350 West 53rd Street

Amendment 8 May 20, 2005

Purchase prices of certain units have been changed, with new total offering price of $57,665,000.00.

• Purchase prices of certain units changed per Schedule A
• New total offering price: $57,665,000.00
• Schedule A prices increased for 66 homes (median +4.5%): THA $775,000 → $815,000; THB $750,000 → $790,000; THC $1,125,000 → $1,185,000; THD $1,325,000 → $1,385,000; ...

Amendment 7 May 9, 2005

Plan declared effective with 51 units (77.27% of units) sold as of April 4, 2005, and revised architect specifications provided.

• Plan declared effective as of April 4, 2005
• 51 units sold representing 77.27% of units offered
• Revised Architect's Description of Property and Specifications attached
• No closing date set; purchasers to be notified at least thirty days in advance
• Building substantially completed anticipated July 2005

Amendment 6 Mar 25, 2005

Condominium name changed to LUMIERE, escrow bank changed to Bank Leumi USA, real estate taxes updated, and typographical errors corrected.

• Condominium name changed from 350 West 53 Street Condominium to LUMIERE
• Escrow account moved to Bank Leumi USA at 562 Fifth Avenue, Fifth Floor, New York
• Updated real estate tax schedule with first year tax liability estimated at $106,753 and second year at $938,364
• Changed all references from 350 East 53 Street to 350 West 53 Street
• Changed reference to Victor Condominium in Opinion of Counsel to LUMIERE

Amendment 5 Feb 3, 2005

Purchase prices of 60 units changed; new total offering price set at $55,085,000.00.

• New total offering price: $55,085,000.00
• Prices of all 60 units updated per Schedule A
• Unit prices range from $410,000.00 to $1,775,000.00
• Schedule A prices increased for 35 homes (median +2.5%): THA $750,000 → $775,000; THB $725,000 → $750,000; THC $1,100,000 → $1,125,000; THD $1,300,000 → $1,325,000; ...

Amendment 4 Jan 14, 2005

Purchase prices of 68 units changed; new total offering price set at $54,460,000.00.

• New total offering price: $54,460,000.00
• Purchase prices of all 68 units updated per Schedule A
• Penthouse units: PHA $1,700,000.00, PHB $1,775,000.00, PHC $1,550,000.00, PHD $1,550,000.00, PHE $1,775,000.00, PHF $1,675,000.00
• Schedule A prices increased for 66 homes (median +6.6%): THA $675,000 → $750,000; THB $675,000 → $725,000; THC $995,000 → $1,100,000; THD $1,200,000 → $1,300,000; ...

Amendment 3 Jan 11, 2005

Purchase prices of units have been changed, with new total offering price set at $50,890,000.00.

• Purchase prices of certain units changed per Schedule A
• New total offering price is $50,890,000.00
• Schedule A prices increased for 66 homes (median +3.9%): THA $650,000 → $675,000; THB $650,000 → $675,000; THC $875,000 → $995,000; THD $1,100,000 → $1,200,000; ...

Amendment 2 Jan 10, 2005

Purchase prices of certain units have been changed; new total offering price is $48,175,000.00.

• New total offering price: $48,175,000.00
• Purchase prices of multiple units updated per Schedule A
• Schedule A prices increased for 66 homes (median +4.1%): THA $590,000 → $650,000; THB $570,000 → $650,000; THC $855,000 → $875,000; THD $1,015,000 → $1,100,000; ...

Amendment 1 Jan 7, 2005

Purchase prices of units changed and new total offering price set to $45,770,000.00.

• New total offering price: $45,770,000.00
• Purchase prices of certain units changed per Schedule A
• Schedule A prices increased for 66 homes (median +4.2%): THA $575,000 → $590,000; THB $555,000 → $570,000; THC $835,000 → $855,000; THD $995,000 → $1,015,000; ...