513 12th Street Owners Corp

5. Amendment 5 May , 2009

   This fifth amendment reports the first unit closing, reserve and working capital deposits, the board and officers, sponsor finances, and 2007 and 2008 financial statements, and sets the price of sponsor-held unit 1R at $632,500.00.

   • Sponsor holds unsold unit 1R (200 shares), the only unsold share holder, priced at $632,500.00 with $405.00 monthly maintenance
   • Maintenance charges increased as of January 1, 1999
   • Reserve fund of $117,529.48 deposited in an ING Direct.com on line bank account
   • Working capital fund of $10,000.00 deposited in an ING Direct.com on line bank account
   • First unit closing took place April 9, 2007
   • First meeting of unit owners held June 2007
   • Board of Directors and officers listed: Andie Huber (President), Gisela R. Staron (Sponsor, Vice President), Lucas Lin, Allison Grafeo, Jessica Kessler
   • Financial statements for the periods ended December 31, 2007 and December 31, 2008 added

4. Amendment 4 August 16, 2007

   This amendment corrects the purchaser names, which were transposed, for the two apartments counted to declare the Plan effective, as listed in the Affidavit of Effectiveness in the Second Amendment.

   • Corrected purchaser names for the two apartments counted to declare the Plan effective (Affidavit of Effectiveness in the Second Amendment)
   • Unit 1R (Vacant): agreement dated December 11, 2006, downpayment $25,750.00
   • Unit 3R (Vacant): agreement dated September 29, 2006, downpayment $50,000.00

3. Amendment 3 July 17, 2007

   The amendment combines two units into one Unit #4, attaches the omitted By-Laws and a first-year budget of $27,560.00, and states that the existing mortgage of approximately $320,000.00 will be paid from the first unit sale proceeds.

   • Units 4R & 4L, legally two units, are combined and sold as one Unit #4, with Schedule A amended accordingly
   • Sponsor will obtain a Department of Buildings Letter of Completion designating the two units as one before closing of Unit #4
   • Existing mortgage of approximately $320,000.00 to be paid from proceeds of the first Unit sale; Sponsor will place no mortgage on the property
   • Budget for first year of operation beginning July 1, 2007 attached, with total projected expenses of $27,560.00
   • Complete By-Laws of 513 12th Street Owners Corp., erroneously omitted from the original plan, now attached
   • Sponsor represents that all material changes in fact or circumstances affecting the property are included in this amendment

2. Amendment 2 March 7, 2007

   The sponsor declared the conversion plan effective on the basis of two vacant apartments under subscription agreements, and the amendment adds the building's 2005 income statement and an affidavit of effectiveness.

   • Plan declared effective by sponsor notice dated December 22, 2006
   • Effectiveness based on subscription agreements for 2 of 8 apartments offered for sale (25%)
   • Counted vacant units: 3R (downpayment $50,000.00, September 29, 2006) and 1R (downpayment $25,750.00, December 11, 2006)
   • No subscription agreements accepted from bona fide tenants
   • Financial statement for the year ended December 31, 2005 annexed, prepared by Schneider & Associates LLP
   • Sponsor represents that all material changes in fact or circumstances are included in this amendment

1. Amendment 1 September 19, 2006

   The amendment adds the complete Proprietary Lease and House Rules, which the original offering plan left out pages of, and includes a sponsor statement that all material changes are disclosed in it.

   • Complete Proprietary Lease and House Rules attached, correcting pages omitted from the original Offering Plan
   • Sponsor states all material changes in facts or circumstances affecting the property or offering are included in this amendment

Summarized from the amendments' text (scanned ones read with OCR); the filings themselves are on the Attorney General's site.