Park Slope Gardens Condominiums

Amendment 3 Nov 28, 2005

Purchase price updated for unit B5B.

Amendment 2 Sep 1, 2005

Floor plans revised for 3rd street properties with architectural changes across all floors and updated offering plan term.

• Revised floor plans for cellar, first, second, third, fourth, fifth, sixth floors and roof with mechanical closet, stair, and entrance layout changes
• Sliding glass doors to front changed to hinged; hinged glass doors to balcony rear changed to sliding on second through fifth floors
• Closets eliminated at master bedroom areas on sixth floor
• Offering plan extended for 12 months from date of amendment acceptance
• First closing took place March 22, 2005; all units on 2nd street have closed
• Working Capital Fund opened at Doral Bank, 387 South Park Avenue, New York

Amendment 1 Jan 5, 2005

Architectural revisions to cellar, roof, and bulkhead plans; declaration of plan effectiveness upon 46.66% unit sales; updated Schedule B.

• Cellar floor plan revised for corrected storage room sizes at 354 Second Street
• Roof and bulkhead roof plans revised; skylight at stair bulkhead eliminated
• Plan declared effective based on sale of 14 units (46.66% of units); effectiveness notice mailed November 24, 2004
• Revised Schedule B submitted