40 Bond Street Condominium (40 Bond)

Amendment 10 Jul 27, 2007

Price increased for one unsold unit.

Amendment 9 Jul 25, 2007

Units combined, budget updated for first closing July 1, 2007, window treatment specifications changed, and Schedule A prices revised.

• First closing expected on or about July 1, 2007
• Total residential units reduced to 21 from combination of Units 8A and 8B, and Units 10B and PH
• Window treatment specifications changed; Sponsor will reimburse owners who purchased prior specifications
• First year budget (July 1, 2007–June 30, 2008) totals $781,075 in income and expenses
• Common charges updated based on new first closing date and unit combinations
• Real estate tax opinion updated by Tuchman, Komgold, Weiss, Lippman & Genes, LLP dated June 13, 2007
• Schedule A prices increased for 6 homes (median +10.4%): TH1 $9,450,000 → $10,500,000; TH2 $9,250,000 → $10,250,000; TH3 $6,975,000 → $7,700,000; TH4 $6,975,000 → $7,650,000; ...

Amendment 8 Mar 14, 2007

Plan declared effective with 19 purchase agreements for 67% of residential units; Schedule A updated with current purchase prices and carrying charges.

• Plan declared effective based on 19 purchase agreements representing 67% of residential units
• Schedule A updated with purchase prices and monthly carrying charges for residential units, townhouse units, and storage lockers
• Plan may not be used after six months following filing date unless extended or amended

Amendment 7 Jan 26, 2007

Offering prices increased for two units.

• Unit 7A price increased to $6,850,000
• Unit 7C price increased to $6,850,000

Amendment 6 Dec 4, 2006

Offering prices increased for two units.

• Unit TH3 price increased to $7,700,000
• Unit 7C price increased to $6,550,000

Amendment 5 Oct 27, 2006

Fifth Amendment extends the offering plan and updates the anticipated first closing date to April 1, 2007.

• First Closing of a Residential Unit anticipated on or about April 1, 2007
• Offering plan expires six (6) months after filing unless extended or amended

Amendment 4 Mar 7, 2006

Fourth Amendment changes escrow bank, clarifies lot line windows, amends by-laws for maintenance and terrace rules, updates building description and utility costs.

• Escrow bank changed to First Republic Bank at Time Warner Center, 10 Columbus Circle, New York
• Lot line windows on 10th and Penthouse floors cannot meet Building Code light/ventilation; cost to close windows borne by unit owner
• Professional window washing by condominium as common expense; unit owners must provide access
• Fireplace flues maintained by condominium at unit owner's cost; fireplace boxes maintained by unit owner
• Terrace furnishings require Board approval; Penthouse terrace designed to support swimming pool at unit owner's cost
• Updated Schedule B-1 with estimated annual utility costs
• Owners Club Cards eligibility for additional services and facilities clarified

Amendment 3 Feb 24, 2006

This amendment updates purchase prices for all units in the condominium.

• Purchase prices revised for residential units (townhouses, floors 4–10, and penthouse)
• Purchase prices set for storage lockers (SL 1–SL 23) at $15,000 each
• Total condominium purchase price: $194,945,000
• Projected monthly common charges and carrying charges updated for first year (January 1, 2007 – December 31, 2007)

Amendment 2 Dec 20, 2005

Updated purchase prices for units and storage lockers at 40 Bond Street.

• Purchase prices revised for all residential units, townhouses, and storage lockers
• Grand total purchase price increased to $192,320,000 (from $191,975,000 in prior schedule)
• Storage lockers SL 1-SL 23 priced at $15,000 each, totaling $345,000
• Common charges, real estate taxes, and carrying charges projected for first year 2007
• Schedule A prices increased for 24 homes (median +22.0%): TH1 $7,950,000 → $9,450,000; TH2 $7,750,000 → $9,250,000; TH3 $5,850,000 → $6,975,000; TH4 $5,850,000 → $6,975,000; ...

Amendment 1 Dec 15, 2005

Amendment updates purchase prices for all units in the offering plan.

• Purchase prices revised for 5 townhouse units ($5,850,000 to $7,950,000)
• Purchase prices revised for residential units across floors 4-10 ($2,550,000 to $10,500,000)
• Purchase prices revised for penthouse unit ($17,000,000)
• Storage locker prices set at $15,000 each (23 lockers totaling $345,000)
• Total project price updated to $160,995,000
• Monthly common charges and projected real estate taxes recalculated
• First year of condominium operation: January 1, 2007 - December 31, 2007
• Schedule A prices increased for 24 homes (median +10.7%): TH1 $7,250,000 → $7,950,000; TH2 $6,950,000 → $7,750,000; TH3 $5,350,000 → $5,850,000; TH4 $5,200,000 → $5,850,000; ...