23 October 1995



2 0 2 - 2 1 4 W E S T 8 5 O W N E R S C O R P.

Summary of Renovation Procedures

Please Refer to the House Rules for More Detailed Information

In accordance with the House Rules, any shareholders who intend to renovate any part of their Apartment must notify the Managing Agent prior to the commencement of work.

The Managing Agent will send to the shareholder (a) an Application for Renovation form , (b) a copy of the section of the House Rules containing the Renovation Rules and Procedures, and (c) a Blumberg Alteration Agreement and Rider.

Upon receipt by the Managing Agent of the completed Application for Renovation, the executed Blumberg Renovation Agreement and Rider and required supplemental information, the Managing Agent will determine if the scope of work to be performed is Non-Substantial, Moderately Substantial or Substantial as described in the House Rules.

• If the work is Non-Substantial, the Managing Agent is authorized to send the requesting shareholder a consent letter provided the Application is complete. The Managing Agent will send a copy of the Application and the Consent Letter to the President and the Chair of the Renovation Committee and/or other persons designated by the Board. A $250.00 renovation deposit shall be collected by the Managing Agent from the shareholder. Contractor's insurance requirements for Non-Substantial work may be waived by the Managing Agent, provided that the shareholder has evidence of $100,000 in liability insurance on file with the Managing Agent.

• If the work is Moderately-Substantial, the Managing Agent shall send a copy of the Application to the President and the Chair of the Renovation Committee and/or other persons designated by the Board. These individuals are authorized to approve the application and to direct the Managing Agent to send the applicant a Consent Letter. If the individuals designated by the Board determine that Board approval is necessary or desirable, they shall prepare a recommendation for the Board to act upon. A $500 to $1,000 renovation deposit shall be collected by the Managing Agent from the shareholder depending on the scope of the work.

• If the work is Substantial, the Managing Agent shall send a copy of the Application to the President and the Chair of the Renovation Committee and/or other persons designated by the Board. These individuals shall prepare a recommendation for the Board to act upon. A $1,000 renovation deposit shall be collected by the Managing agent from the shareholder.

Shareholders are required to notify the Managing Agent in writing prior to closing up walls, ceilings, or floors. The Managing Agent shall notify the President and the Chair of the Renovation Committee or such other persons designated by the Board, who shall be authorized to determine if a physical inspection of the completed work is required prior to closing up. If a physical inspection is required, those individuals authorized by the Board shall inspect or arrange for an inspection and, if work is acceptable, shall instruct the Managing Agent to notify the shareholder of the Corporation's consent to close up the areas.

Upon completion of all work, the shareholder shall notify the Managing Agent in writing. The Managing Agent shall determine if any amounts are to be withheld from the shareholder's deposit and be authorized to refund the balance, if any. The Managing Agent shall notify the Treasurer of the amount to be refunded.

In the event of any inconsistencies between this summary and the House Rules, the provisions that give the greater rights to the Corporation shall apply.

2 0 2 - 2 1 4 W E S T 8 5 O W N E R S C O R P.

Application for Renovation Authorization

This form and all required attachments must be submitted to the Managing Agent at least seven (7) days prior to the start of any non-substantial work and thirty (30) days for moderate or substantial work. Please note that this package is only intended to provide a standard method of applying for consent to renovate. Rules and guidelines relating to construction, prohibitions, etc. are contained in the House Rules.

Name: ____________________________________________________

Address: _______________ West 85th Street, Apartment ______________

Date: _______________

Description of work to be done (please attach copy of plans, use additional pages if necessary):

Plans submitted must detail:

1. Walls to be installed, moved, repaired or replaced:

2. Floor surfaces to be installed, repaired or replaced:

3. Plumbing and fixtures to be installed, moved, repaired or replaced:

4. Steam piping and fixtures to be installed, moved, repaired or replaced:

5. Electric wires and fixtures to be installed, moved, repaired or replaced:

6. Natural Gas pipes and fixtures to be installed, moved, repaired or replaced:

Anticipated Starting Date: ________________________________________

Anticipated Completion Date: ________________________________________

Estimated Cost of Project: $_______________________________________

Address and Telephone

where you will reside

during renovation if different

from renovation address: ________________________________________

________________________________________

Tel:_____________________________________

Contractor (if known, must be provided prior to granting of consent and start of work)

Name and Address

of Contractor ________________________________________________________

________________________________________________________

________________________________________________________

Telephone Number

of Contractor ________________________________________________________

After Hours/

Emergency Number

of Contractor ________________________________________________________

Contractor's

License Number ________________________________________________________

Insurance Carrier

of Contractor ________________________________________________________

Please attach a copy of an insurance certificate naming

"202-214 West 85 Owners Corp. and Pride Property Management Corp."

as additional insured.

Plumber (if known, must be provided prior to granting of consent and start of work)

Name and Address

of Plumber ________________________________________________________

________________________________________________________

________________________________________________________

Telephone Number

of Plumber ________________________________________________________

After Hours/

Emergency Number

of Plumber ________________________________________________________

Plumber's

License Number ________________________________________________________

Insurance Carrier

of Plumber ________________________________________________________

Please attach a copy of an insurance certificate naming

"202-214 West 85 Owners Corp. and Pride Property Management Corp."

as additional insured.

Electrician (if known, must be provided prior to granting of consent and start of work)

Name and Address

of Electrician ________________________________________________________

________________________________________________________

________________________________________________________

Telephone Number

of Electrician ________________________________________________________

After Hours/

Emergency Number

of Electrician ________________________________________________________

Electrician's

License Number ________________________________________________________

Insurance Carrier

of Electrician ________________________________________________________

Please attach a copy of an insurance certificate naming

"202-214 West 85 Owners Corp." as additional insured.

How will demolition materials be removed from the premises and disposed of?

Attachments to be Submitted:

Copy of Plans

Copy of Contract

Copy of Work Schedule

Copies of Liability and Workman's Comp Insurance Certificates for (a) contractor (b) plumber (c) electrician

Blumberg Renovation Agreement and Rider

Renovation Deposit

I/(we) certify that I/(we) have received a copy of the House Rules and Renovation Rules and Procedures nd that I/(we) agree to follow such rules as a condition for receiving consent to begin the renovations hereby requested, which shall be granted by the 202-214 West 85 Owners Corp. (the "Corporation" only in writing. I acknowledge that the Corporation can issue binding Stop Work orders or impose significant fines if I/(we) are found to be in violation of the Renovation Rules and Procedures and agree to abide by such orders and/or fines.

I/(we) further certify that the information provided in this application is complete and accurate and that any intentional misstatement or material error or omission might make me/(us) subject to substantial fines and/or termination of my/(our) Proprietary Lease.

I/(we) also grant my/(our) irrevocable consent to the Corporation and its agents and/or employees to inspect the quality of all work completed and in all stages of progress and agree to take such additional measures at my/(our) expense as may be deemed necessary by the Corporation, in it sole discretion, to ensure that substandard work is brought into compliance with the standards required by the Corporation.

In the event of any inconsistencies between this summary and the House Rules and other documentation executed in relation to the proposed renovations, the provisions that give the greater rights to the Corporation shall apply.

I/(we) acknowledge that no demolition or construction of any kind shall commence until I/(we) have received the written consent of the Corporation to proceed. I/(we) also acknowledge that noisy work is only permitted on Mondays through Fridays (excluding Federal holidays) between the hours of 8:30 am and 5:30 pm.

Dated: _______________________________________________

Shareholder

Signature: _______________________________________________

Shareholder

Signature: _______________________________________________

Managing Agent Use Only:

Date Application Received __________________________________

All Attachments Present ? __________________________________

Minor, Moderate, Substantial? __________________________________

Date Forwarded to Board __________________________________

or Renovation Committee

Date Reviewed by Board: __________________________________

or Renovation Committee

Renovation Deposit Received: $_________________________________

Date Consent Letter Sent: __________________________________

Pre-Close Up Inspection: __________________________________

Final Inspection: __________________________________

Renovation Deposit Returned __________________________________

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Rider to Alteration Agreement

Rider to the Alteration Agreement executed on __________________________________

Between 202-214 West 85 Owners Corp. (the “Corporation”) and

_________________________________________________ (the “Shareholder(s)”, in re the

renovation of Apartment Unit ___________________ (the “Unit”) at ________ West 85th Street,

New York, NY.

I/We, the undersigned Shareholder(s), applying to the Board of Directors (the “Board”) of the Corporation for authorization to renovate the aforementioned Unit understand and agree to the following stipulations and understandings in their entirety:

1. The Unit, the shares related to which I have purchased, is and shall remain the property of the Corporation, and the right to renovate or otherwise modify the unit in any way may be conferred only by the Corporation, subject to reasonable consideration by the Board as to the effect of the proposed modifications upon the viability of the Corporation and the interests of the majority of the shareholders thereof, said effect and interests entailing, without limitation, reasonable considerations and assumptions regarding their impact upon the infrastructural systems, upon neighboring apartment units and their residents, and upon the future marketability of the Unit.

2. The Corporation’s House Rules, expressly including Part III, the Renovation Rules (as such may be amended or modified from time to time), constitute contract documents both in connection with my Renovation Agreement and my Agreement with my contractor.

3. The Corporation, through its designated Agent, shall have the right of access to the Unit at all reasonable hours during all stages of the renovation, and expressly throughout the daily work hours of the renovation, for the purpose of inspecting the work and materials to be used therein, and the right as well, to be apprised of impending cover-up of certain work, including without limitation, the plumbing work, at least 48 hours prior to said cover-up, and if such prior notification shall not be so provided, then the Corporation shall have the right to order the uncovering of the work in question at my/our sole cost and expense.

4. The Corporation shall have the right, through its designated Agent, to impose significant fines upon me/us in connection with breaches of our Renovation Agreement in connection with the deviation from approved parameters of the approved workscope and specifications of the work and materials and provisions for the conduct and execution of work. Said fines, furthermore, may be increased or escalated in connection with instances or repeated or continuing such violations or imposed on a per diem basis in connection with my/our failure to timely cure stipulated violations or to comply with a Stop Work order. Appeals to rescind or reduce such fines may be made only in writing to the Board, whose decisions shall be final.

Rider to Alteratino Agreement

Page 2 of 2

5. The Corporation has the right to deduct the aforementioned fines from my/our renovation deposit. I/we must keep said deposit current at all times during the renovation, my failure to do so being sufficient reason for the Corporation to issue a Stop Work order.

6. If I/we have not been required to file my renovation with the NYC Department of Buildings upon the stipulation of my architect or engineer that such filing is not required, the Corporation shall nevertheless have the right to order said filing of the work with the Department of Buildings at any time it deems the work, either for reason of its having exceeded the parameters or scope specified in this Renovation Agreement, or for reason of the Board’s receiving information to the effect that the work should have been properly filed originally, my/our architect’s or engineer’s stipulation notwithstanding. In such case the Board may issue a binding Stop Work order until such filing is complete.

7. I/we shall be responsible for the payment of all fees and permits my/our renovation may ultimately require, including without limitation such fees as may normally be deemed the responsibility of the Corporation, such as (by way of example only), fees required in connection with a necessitated change in the Certificate of Occupancy of the building.

8. If any of the clauses or conditions imposed herein or elsewhere in the contract documents, or the Corporation’s interpretation or administration of same shall be deemed in a court of law to be unenforceable or improperly interpreted or administered, said ruling shall have no bearing either on the force or enforceability of the remaining clauses and conditions thereof or on the Corporation’s right to interpret and administer same according to its understanding thereof.

9. I/(we) acknowledge that the Corporation’s written consent is required prior to the commencement of any demolition, renovation or construction work. I/(we) also acknowledge that noisy work is permitted only between the hours of 8:30 am and 5:30 pm on Mondays through Fridays, excluding Federal holidays.

Agreed this, ________day of ________________.

Shareholder(s)

Form of Consent Letter to be sent by Managing Agent

Date

Shareholder

Address

Dear _____________:

At its meeting on [Date], the Board reviewed your Application for Renovation and the supplementary information provided.

The Board provides its consent to commence work as described in the Application subject to the following conditions:

1. Completion of all required documentation prior to commencement of work. This includes returning a signed acknowledgment copy of this letter to my office.

2. You adhere at all times to the Renovation Rules and Procedures contained in the House Rules as well as the Blumberg Renovation Agreement and Rider.

3. Adhere to permitted work rules of Monday through Friday 8:30 am to 5:30 pm. No work is permitted on Federal holidays.

4. If plumbing work is completed, all un-renovated plumbing must be replaced back to the riser.

5. You notify my office in writing at least 48 hours prior to the closing of any walls, floors or ceilings in order to permit an inspection should one be required by the Board and agree not to close such areas until you have received written consent to do so.

6. This consent is valid for six months from the date work commences.

7. You provide a renovation deposit in the amount of $____________.

8. [Other conditions]

Please indicate your agreement to these conditions by signing and returning a copy of this letter to my attention prior to the commencement of any work.

Sincerely,

Pride Property Management Corp.

As Agent for 202-214 West 85 Owners Corp.

Justin Clayton

Property Manager

I/We agree to the conditions of the consent provided.

_________________________________________

Shareholder(s)

Form of Notification Letter

to be sent by managing agent to all residents in a building where

renovations are being conducted.

Dear Residents:

The Renovation Review Committee and the Board recently approved plans submitted by one of your neighbors for the renovation of your neighbor’s apartment.

Apartment Owner(s):

The work being conducted includes:

[insert brief description]

Estimated Duration:

The shareholder has been advised of the Co-op’s renovation rules, including daily clean up requirements for common areas and approved work hours of 8:30 am to 5:30 pm Mondays through Fridays (excluding Federal holidays).

If you have any concerns or complaints you may direct them to the shareholder at ___________________ or to the managing agent at 212-690-0800 (or answering service). If you have a complaint or concern, you are urged to let us know as soon as possible.

Sincerely,

cc: Shareholder

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