Park Clinton

4. Amendment 4 June , 2014

   The amendment records the May 12, 2014 closing of title to the Apartment Corporation, updates sales, unsold-share and reserve figures as of June 2, 2014, renews the temporary certificate of occupancy, and extends the Plan for six months.

   • As of June 2, 2014, 20 apartments sold (9,452 shares) and 59 under contract (30,224 shares)
   • Sponsor holds 38,757 Unsold Shares for 75 apartments, 80.39% of total shares, as of June 2, 2014
   • Temporary Certificate of Occupancy renewed May 22, 2014 and will expire August 22, 2014
   • Neighboring owner has filed plans to demolish and build; may cause noise, light and air impacts and affect views
   • Building Reserve Fund and Contingency Reserve Fund each funded with $96,000 at conversion; Working Capital Fund about $11,415.13 as of June 2, 2014
   • Sponsor's Unsold Shares pledged for a Wells Fargo loan maturing November 22, 2014
   • First annual meeting of Tenant Shareholders not yet held; Sponsor expects it within the next few months
   • Plan extended for six months from the date of this Amendment

3. Amendment 3 May 5, 2014

   This amendment declares the offering plan effective as of April 9, 2014, after purchase agreements were signed for 62 of 95 apartments (62% of shares), and closings will begin in May 2014.

   • Plan declared effective as of April 9, 2014
   • Purchase agreements executed for 62 of 95 apartments (62% of shares)
   • Closings to be scheduled beginning in May 2014
   • Sponsor principal's affidavit, service notice, and list of apartments and purchase agreement dates attached as Exhibit A
   • Affidavit states Section 12 requires purchase agreements for at least 60% of shares before the plan can be declared effective

2. Amendment 2 April 21, 2014

   This second amendment replaces the purchase prices for some units in Schedule A with new offering prices, shown in Exhibit B, and leaves the other Schedule A information unchanged.

   • New purchase prices for some residential units, disclosed on Exhibit B
   • Sponsor may revise prices and other terms further, but not for a unit under a Purchase Agreement without that purchaser's consent
   • Other Schedule A information and its footnotes are unchanged
   • No other material changes to the Plan except as stated in this amendment

1. Amendment 1 March 21, 2014

   The amendment lets the Plan become effective once purchasers under contract hold at least 60% of the Shares, sets lender conditions and an expected closing by the end of May 2014, adds a sponsor principal, revises the proprietary lease's resale restrictions, names a new managing agent, updates the temporary certificate of occupancy, and extends the Plan for six months.

   • Plan may be declared effective once purchase agreements from bona fide, non-Sponsor related Purchasers cover at least 60% of the Shares (28,925 Shares)
   • Closing of Title expected by the end of May 2014, with Unsold Shares pledged to Wells Fargo Bank, National Association at closing
   • Frank Dubinsky added as a principal of West 52nd Affordable Developers HDFC and Monadnock West 52nd LLC
   • Proprietary Lease Section 16(C) revised to conform resale restrictions to the Amended and Restated Regulatory Agreement
   • Managing Agent is Firstservice Residential New York, Inc., 622 Third Avenue, New York, New York 10017
   • Current Temporary Certificate of Occupancy issued February 21, 2014 and expires May 24, 2014
   • Plan extended for six (6) months from the date of this Amendment

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