Sugar Warehouse

Amendment 10 Mar 7, 2005

Tenth amendment updates financial disclosures, board composition, and extends plan usage period.

• As of February 1, 2005: unsold units generate $30,370.00 monthly rent, $9,290.57 monthly common charges, $6,172.38 monthly real estate taxes
• Mortgage with Emigrant Savings Bank has outstanding balance of $1,375,000.00; sponsor current since June 2004
• Condominium board now includes Matthew Fuhr (President), David Bronstein (Vice President), Cara Marriott (Secretary)
• Sponsor relinquished board control in September 2002
• Financial statements and 2005 budget for fiscal year ending April 30, 2004 annexed
• Plan usage extended twelve (12) months from filing date unless further extended or amended

Amendment 9 Jan 28, 2004

Ninth amendment updates sponsor financial disclosures, board membership, and extends plan use period.

• Unsold units as of December 1, 2003: 2F, 5F, 6D, 6E
• Aggregate monthly common charges on unsold units: approximately $8,439
• Aggregate monthly real estate taxes on unsold units: approximately $6,930
• Aggregate monthly rents from unsold units: approximately $36,345
• Mortgage loan with Emigrant Savings Bank: $1,375,000 outstanding principal
• Sponsor relinquished control of condominium board in September 2002
• Plan continues under fiscal year May 1, 2002 to April 30, 2003 budget
• Plan use period extended twelve months from filing date

Amendment 8 Feb 28, 2003

Unit 6E configuration changed with decreased square footage, real estate taxes increased 18.5%, and plan effective period extended.

• Unit 6E reconfigured with decreased square footage; revised floor plan annexed
• Real estate tax rate increased approximately 18.5% effective January 1, 2003
• Estimated average monthly real estate taxes for unsold units provided for calendar year January 1, 2003 to December 31, 2003
• First Amendment to Condominium Declaration dated January 8, 2003 reflects Unit 6E changes
• Plan effective period extended for twelve (12) months from filing date of this Amendment

Amendment 7 Aug 28, 2002

Amendment discloses first closing occurred June 14, 2002, records condominium declaration and temporary certificate of occupancy, updates sponsor financial disclosures and board members, and specifies recreational facility and fireplace finishes.

• First closing occurred June 14, 2002 for Unit 4C at Stroock & Stroock & Lavan LLP
• Condominium Declaration recorded June 13, 2002 in Reel 3537, page 2036
• Temporary certificate of occupancy issued by NYC Department of Buildings
• Sponsor controls board until later of June 14, 2007, loss of voting majority, or ownership below 85%
• Board members: Alex Forkosh (President), Galina Anissimova (Vice President), Mikhail Kurnev (Treasurer and Secretary)
• Family Room and Exercise Room flooring changed to rubber-based tiles, divided by knee wall approximately 3 feet 6 inches high
• Units 6D and 6E fireplaces specified as gas-burning, manufactured by The Majestic Products Company
• Plan effective period extended to later of twelve months from filing or six months from this amendment

Amendment 6 Jun 10, 2002

Amendment modifies building floor descriptions, updates unit square footage measurements, clarifies common elements and storage facilities, extends the plan's effective period, and designates Taube Management Corp. as managing agent.

• Floor names updated to include Mezzanine floors between certain levels
• Square footage of 22 units (1A, 1B, 1C, 1D, 1E, 2C, 2D, 2E, 3C, 3D, 3E, 4C, 4D, 4E, 5A, 5B, 5C, 5D, 5E, 5F, 5H, 6D) increased to reflect actual measurements including exterior walls
• First Floor common elements now include lobby, mail room, concierge and package station, bike room, sitting area and delivery ramp
• Storage bins in Cellar designated as General Common Elements available under Storage Room License
• Taube Management Corp. named as managing agent at 204 East 83rd Street, New York, New York 10028
• Plan effective period extended to later of twelve months from original Filing Date or six months from this Amendment's Filing Date
• Declaration of Covenants recorded in City Register on April 29, 2002 in Reel 3500, Page 1493

Amendment 5 May 7, 2002

Plan declared effective; six residential units reconfigured; purchase prices increased.

• Plan declared effective based on 12 purchase agreements (36% of 33 units)
• Units 1-B, 1-C, 1-D, 5-B, 5-C, 5-E, and 5-G reconfigured
• Purchase prices increased for certain residential units
• Common Interests reallocated for certain unsold units
• Plan effective period extended to later of 12 months from filing or 6 months from this amendment

Amendment 4 Apr 15, 2002

Purchase price for Unit 2A increased for non-tenant purchasers.

Amendment 3 Apr 9, 2002

Purchase prices increased for seven residential units.

• Unit 1B price raised to $1,700,000
• Unit 1C price raised to $1,475,000
• Unit 1D price raised to $1,350,000
• Unit 2A price raised to $2,600,000
• Unit 2F price raised to $2,350,000
• Unit 3F price raised to $2,475,000
• Unit 4F price raised to $2,600,000
• Schedule A prices increased for 6 homes (median +12.2%): 1C $1,015,000 → $1,475,000; 1D $940,975 → $1,350,000; 2A $2,488,500 → $2,600,000; 2F $2,240,040 → $2,350,000; ...

Amendment 2 Apr 8, 2002

Amendment eliminates the Commercial Unit, redesignates it as General Common Elements, reduces the condominium to 33 residential units, and adds storage rooms and recreational facilities.

• Commercial Unit eliminated; condominium now comprises 33 Units instead of 34
• Commercial Common Elements redesignated as General Common Elements
• Each Unit Owner receives exclusive use of a Storage Room (5' x 7' with ~68" ceiling height)
• Exercise Facility added on Cellar level; open 6:00 a.m. to 11:00 p.m.
• Family Room added on Cellar level, painted and carpeted; open 6:00 a.m. to 11:00 p.m.
• Single Condominium Board (3 members) replaces separate Residential and Commercial boards
• First Annual Meeting of Unit Owners to elect new board within one year after First Closing
• Updated Real Estate Tax Estimate dated February 21, 2002

Amendment 1 Feb 13, 2002

Sponsor increases purchase prices for certain residential units.