66-36 Yellowstone Blvd Cooperative Owners Inc. SALE REQUIREMENTS FOR BOARD APPROVAL

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1 5683 Riverdale Avenue, Suite 203 Riverdale, NY Office: (718) Fax: (718) Yellowstone Blvd Cooperative Owners Inc. SALE REQUIREMENTS FOR BOARD APPROVAL Please note: 1 copy plus the original (2) of all papers are to be submitted to Goodman Management Co., Inc., 5683 Riverdale Avenue, Suite 203, Bronx, NY 10471, Attn: Tarshia Champagne-Drye. All copies must be collated AND each category must be stapled for each individual sets and in the order listed below for submission to the Board of Directors. Incomplete packages will not be processed and returned. Contract of Sale, Application and Financial Information: Contract of Sale, fully executed Purchase application (use enclosed form) If purchase is to be financed, bank should provide: o A copy of the commitment letter and a copy of the Bank Loan Application (Fully executed) o Three original recognition agreements signed by a bank officer AZTECH FORM ONLY Financial Statement Asset and Liability Statement and Yearly Income and Expense Statement (use enclosed form) Please provide supporting documentation, three (3) months of complete statements Copies of the last two years 1040 tax returns complete with W-2 forms Statement from the applicant(s) explaining in details the source of funds for the purchase of apartment. Letter from employer on company letterhead stating position, annual salary and length of employment plus (2) weeks of most recent pay stubs. Income Requirements- 4-1 Income to debt Reference Letters: Reference letter from Landlord or Managing Agent (must provide (3) months of most recent cashed rent checks) Two (2) letters of professional references for each applicant Two (2) letters of personal reference for each applicant Forms to be either completed and/or signed: (Forms included with this package) Credit & Criminal Release Authorization Emergency contact form Lead Paint Disclosure Form to be signed by seller, purchaser, and broker if not included with contract of sale Forms to be signed at closing: (Forms will be provided at closing) Window Guard Rider Move-In and Move-Out Procedures and Fees SALES REQUIREMENTS Yellowstone Blvd, Forest Hills, NY

2 Page 2 NO GUARANTORS ALLOWED NON- REFUNDABLE FEES TO BE SUBMITTED WITH APPLICATION: (Only Certified/Bank check or Money Order accepted, paid by applicant(s)) Application Processing Fee: $ payable to Goodman Management Co., Inc. (Unmarried couples are subject to $ processing fee, $ each) Criminal Check -$25.00 per person- payable: Goodman Management Co., Inc Please note that 80% financing is permitted. Bank Certified check or money order for processing fee of $ Payable to: Yellowstone Blvd Cooperative Owners; Inc. FEES TO BE COLLECTED AT CLOSING: (Non-refundable unless otherwise noted) Seller s Fees: ALL CHECKS FROM THE SELLER MUST BE EITHER CERTIFIED, ATTORNEY ESCROW, OR BANK CHECKS. Administrative Fee: $ payable to Goodman Mangement Co., Inc. Maintenance must be paid up to the date of closing. Please note: The Board meets on the second and fourth Monday of each month. Interviews will take place on one of those nights, depending on when the Board finishes their review of the application. NOTE: Please be advised that the processing procedure can take up to ten (10) business days from the time we receive ALL required documents and consider the application complete.

3 Page 3 INSTRUCTIONS This form should be completed as follows: Part I by the prospective Seller (present tenant). If shares are presently owned by more than one person, Part I should be signed by each Seller. Part II by the prospective Purchaser (applicant). A copy of the contract of sale is to be provided by the Purchaser. All questions should be answered and the application returned to: Yellowstone Blvd Cooperative Owners Inc. c/o Goodman Management Co., Inc Riverdale Avenue- Suite 203 Bronx, NY If the applicant presently resides at Yellowstone Boulevard and is a tenant-stockholder, the applicant may omit the answers to question inclusive. If the application is approved, a sum of $ for standard closing, will be payable. Please make all checks payable to Goodman Management Co., Inc. Maintenance, arrearage, and all other charges for the month in which closing takes place must be paid on or before closing.

4 PART I DATE TO: I (We) hereby request the Board of Directors of Corp. to approve an assignment of the proprietary lease for Apartment No. at and the sale of shares to the applicant named below in Part II. I (We) warrant that the purchase price stated in the contract of sale provided herewith is the total price being paid in connection with the sale of shares and/or the apartment, its fixtures, its improvements, and its contents. Seller s Signature Seller s Signature Home Telephone Number Note: The seller must sign this before submitting the application to the management. Otherwise the application will not be process.

5 Page 4 PART II 1. Applicant s Name: 2. Date of Birth: 3. Social Security: 4. Home Address: 5. Home Telephone Number: 6. Name and Address of Employer (provide verification letter from employer): 7. Business Telephone Number: 8. Occupation: 9. Co-Applicant s Name: 10. Date of Birth: 11. Social Security: 12. Co-Applicant s Home Address: 13. Co-Applicant s Home Telephone Number: 14. Name & Address of Co-Applicant s Employer (provide verification letter from employer): 15. Co-Applicant s Business Telephone Number: 16. Co-Applicant s Occupation:

6 Page Estimated Annual Income from Occupation(s): Applicant: Co-Applicant: From all other sources: Total: $ $ $ $ 18. Will you live in the apartment as your primary residence? 19. When will you move in? 20. Do you intend to use the apartment to any extent for professional or business purposes? If so, state full details: 21. Applicant s family consists of: (If there are any children, give ages.) 22. Please list name, relationship and age of each person who will reside with you in the apartment: Name Relationship Age 23. Financial References: List two references provide documentation: 1. Name Address 2. Name Address

7 Page Present Landlord: Name Address Dates of Occupancy: From: to Rent: 25. Previous Landlord (if at present residence less than five years): Name Address Dates of Occupancy: From: to Rent: **Please have landlord reference letter included in package** 26. Personal References: 1. Name: Address: 2. Name: Address: 3. Name: Address: **Please have reference letters included in package** 27. If you know any persons presently residing at Please list their names: 28. Schools and colleges attended by applicant, co-applicant and members of family. *List class and degree in each case:

8 Page Address of all additional residences owned or leased: 30. Are any pets to be maintained in the apartment? If the answer is yes, indicate number and kind: 31. List exact name or names in which shares are to be owned and lease to apartment is to be issued: 32. Applicant s Attorney s Name: 33. Real Estate Agent s Name: Address: Telephone Number: Real Estate Agent/Broker s Fee: 34. Do you intend to do any renovations or make any improvements in the apartment? If so please state general nature and approximate cost. 35. How do you intend to pay for the apartment? 36. If you intend to finance part of the purchase price with a loan, please state lender, amount of loan and monthly payment. 37. Are you party to any litigation? If so, please state the circumstances.

9 Page Have you ever been sued for not paying a bill? If so, state the circumstances. 39. Are there any tax liens outstanding against you? If so, please state the circumstances. 40. Are there any other liens outstanding against you? If so, please state the circumstances. 41. Have you ever been turned down for a loan or a credit card? If so, please explain. 43. List total estimated monthly payments for apartment for first year (including maintenance, co-op loan, utilities) and total sources of estimated monthly income. Estimated Monthly Payments: Estimated Monthly Income: 44. Will you have homeowners insurance as of the date of the closing? 45. Please list amount of life insurance. Applicant: Co-Applicant: 46. Please list weekly benefit of disability insurance. Applicant: Co-Applicant:

10 Page 9 BALANCE SHEET AT THE LAST DAY OF MONTH IMMEDIATELY PRECEEDING DATE OF APPLICATION ASSETS 1. CASH $ 2. CHECKING ACCOUNTS $ 3. SAVINGS ACCOUNTS, MONEY FUNDS $ 4. TOTAL CASH, BANKS AND MONEY FUNDS $ 5. MARKETABLE SECURITIES (furnish cover sheet showing $ balance of most recent statement for any major account) 6. LIFE INSURANCE NET CASH VALUE (list below) $ 7. SUBTOTAL LIQUID ASSETS $ 8. NON-MARKETABLE SECURITIES (list below) $ 9. REAL ESTATE OWNED (list below) $ 10. VESTED INTEREST IN RETIREMENT FUND $ 11. NET WORTH OF BUSINESS OWNED $ 12. AUTOMOBILES/PLEASURE BOATS (list below) $ 13. MARKET VALUE OF FURNITURE & $ PERSONAL PROPERTY 14. NOTES RECEIVABLE $ 15. OTHER ASSETS (explain below) $ 16. TOTAL ASSETS (explain below) $ **Please number explanatory material to correspond to numbers on this statement under the notes section**

11 Page 10 BALANCE SHEET AT THE LAST DAY OF MONTH IMMEDIATELY PRECEEDING DATE OF APPLICATION LIABILITIES 17. INSTALLMENT DEBT PAYABLE $ (list below) 18. OTHER UNSECURED LOANS $ (list below) 19. REAL ESTATE LOANS & MORTGAGES $ (list below) 20. AUTOMOBILE/BOAT LOANS $ (list below) 21. OTHER SECURED LOANS $ (list below) 22. OTHER LIABILITIES (explain below) $ 23. TOTAL LIABILITIES $ 24. NET WORTH (assets minus liabilities) $ **NOTES**

12 Page 11 ESTIMATED BALANCE SHEET FOR LAST DAY OF MONTH FOLLOWING CLOSING ON APARTMENT ASSETS 1. CASH $ 2. CHECKING ACCOUNTS $ 3. SAVINGS ACCOUNTS, MONEY FUNDS $ 4. TOTAL CASH, BANKS AND MONEY FUNDS $ 5. MARKETABLE SECURITIES (furnish cover sheet showing $ balance of most recent statement for any major account) 6. LIFE INSURANCE NET CASH VALUE (list below) $ 7. SUBTOTAL LIQUID ASSETS $ 8. NON-MARKETABLE SECURITIES (list below) $ 9. REAL ESTATE OWNED (list below) $ 10. VESTED INTEREST IN RETIREMENT FUND $ 11. NET WORTH OF BUSINESS OWNED $ 12. AUTOMOBILES/PLEASURE BOATS (list below) $ 13. MARKET VALUE OF FURNITURE & $ PERSONAL PROPERTY 14. NOTES RECEIVABLE $ 15. OTHER ASSETS (explain below) $ 16. TOTAL ASSETS (explain below) $ **Please number explanatory material to correspond to numbers on this statement under the notes section**

13 Page 12 ESTIMATED BALANCE SHEET FOR LAST DAY OF MONTH FOLLOWING CLOSING ON APARTMENT LIABILITIES 17. INSTALLMENT DEBT PAYABLE $ (list below) 18. OTHER UNSECURED LOANS $ (list below) 19. REAL ESTATE LOANS & MORTGAGES $ (list below) 20. AUTOMOBILE/BOAT LOANS $ (list below) 21. OTHER SECURED LOANS $ (list below) 22. OTHER LIABILITIES (explain below) $ 23. TOTAL LIABILITIES $ 24. NET WORTH (assets minus liabilities) $ **NOTES**

14 Page 14 I (We) represent(s) that the above statements and accompanying exhibits are true and correct. Verification may be obtained from any source named in the statements. The undersigned Applicant(s) understand(s) that the consent of Yellowstone Blvd Cooperative Owners Inc. is required for the proposed transfer of the proprietary lease and that the Board of Directors will rely on the information furnished above. It is also understood that the information requested is essential to the application because of the desire of the Cooperative to maintain a compatible group of residents in the building and to maintain the financial stability of the building. The Applicant(s) also agree to meet in person with representatives of the corporation. The Applicant(s) understand(s) that the cooperative corporation reserves the right tot request further information Yellowstone Blvd Cooperative Owners Inc. its officers, agents and representatives, Board of Directors, and shareholders, shall have no liability with respect to any matter or concerning any act of the proposed Seller in connection with any contract contemplated herein. The Corporation and its agents make no representation with respect to the value of the stock or the proprietary lease of the individual apartment involved, nor any representation regarding the financial condition for the corporation or any recommendation to the prospective Purchaser with respect to the advisability of the purchase. Applicant s Signature Co-Applicant s Signature Date:

15 Criminal & Credit Release Form GOODMAN MANAGEMENT CO., INC RIVERDALE AVENUE- SUITE 203 BRONX, NY FAX: APPLICANT Name Date of Birth S.S. # SPOUSE/ CO- APPLICANT Name Date of Birth S.S. # APPLICANT RESIDENCY Present Address: Apt #: City: State: Zip: Home Tel.: Monthly Rent: Date From to Utilities Included? Present Landlord s Name: Landlord s Address: City: State: Zip: Date: From to Landlord s Telephone # Has a Landlord ever sued for non-payment of rent or repossession? SPOUSE/ CO- APPLICANT Present Address: Apt #: City: State: Zip: Home Telephone: Monthly Rent: Date from to Utilities Included? Present Landlord s Name: Landlord s Address: City: State: Zip: Date: From to Landlord s Telephone # Has a Landlord ever sued for non-payment of rent or repossession? APPLICANT EMPLOYMENT Present Employer Address City State Zip Tel # Supervisor Position Annual Salary Employment Date: From to Previous Employer (If less than 1 yr) Address City State Zip Tel # Supervisor Position Annual Salary Employment Date: From to Other Monthly Income Source (Alimony, Assets, Child Support, Social Security, Unemployment, Veterans Supplement, etc.) CO- APPLICANT EMPLOYMENT Present Employer Address City State Zip Tel # Supervisor Position Annual Salary Employment Date: From to Previous Employer (If less than 1 yr) Address City State Zip Tel # Supervisor Position Annual Salary Employment Date: From to Other Monthly Income Source (Alimony, Assets, Child Support, Social Security, Unemployment, Veterans Supplement, etc.) Proposed Occupants including children (other than those listed above): Name Date of Birth Relationship to Applicant Income (if applicable) Are you now in the Service or dependant of serviceman? This application is made subject to the approval of And may be without designating cause be disproved by them, it being agreed that any such disproval shall not be considered a reflection upon the applicant. This application is to be made part of the lease entered into by the applicant and the landlord. The truth of the information contained herein is essential and if the aforementioned property deems any answer or statement herein to be false, or misleading it shall be considered that any lease granted by virtue of this application may be canceled at their option. I/We hereby authorize Goodman Management Co., Inc. to use any consumer reporting, credit bureau, or other investigative agencies employed by such, to investigate the references herein listed or statements or other data obtained from me or from any other person pertaining to my employment history, credit, prior tenancies, character, general reputation, personal characteristics. And mode of living, to obtain a consumer report and such other credit information which may result thereby and to disclose and refurnish such information to the owner/agent listed above in support of this application. I have been advised that I have the right under section 606B of the Fair Credit Reporting Act to make a written request, within reasonable time, for a complete and accurate disclosure of the nature and scope of any investigation Signature of Applicant Signature of Co- Applicant

16 EMERGENCY CONTACT FORM HOME NUMBER *between the hours of* and WORK NUMBER *between the hours of* and ALTERNATE ADDRESS EMERGENCY CONTACT Name: Relationship Address: Phone: *between the hours of * and

17 Building Address: Exhibit B Apt: COOPERATIVE SALES LEAD WARNING STATEMENT-CONTRACTS OF SALE Every purchaser of any interest in residential property on which a residential dwelling was built prior to 1978 is notified that such property may present exposure to lead from lead based paint that may place young children at risk of developing lead poisoning. Lead poisoning in young children may produce permanent neurological damage, including learning disabilities, reduced intelligence quotient, behavioral problems, and impaired memory. Lead poisoning also poses a particular risk to pregnant women. The seller of any interest is residential real property is required to provide the buyer with information on lead-based paint hazards from risk assessments or inspections in the seller s possession and notify the buyer of any known lead-based hazards. A risk assessment or inspection for possible lead-based paint hazards is recommended prior to purchase. DISCLOSURE OF INFORMATION ON LEAD-BASED PAINT AND/OR LEAD BASED PAINT HAZARDS SELLER/PURCHASER Seller s Disclosure (a) Presence of lead-based paint and/or lead-based paint hazards (Seller (s) to initial (i) or (ii) below: (i) (ii) Known lead-based paint and/or lead-based paint hazards are present in the Unit and/or common areas (explain). Seller has no knowledge of lead-based paint and/or lead-based paint hazards in the Unit and/or common areas. (b) Records and reports available to the Seller (Seller (s) to initial (i) or (ii) below): (i) (ii) Seller has provided the Purchaser will all available records and reports pertaining to lead-based paint and/or lead based paint hazards in the Unit and/or common areas (list documents below). Seller has no records or reports pertaining to lead-based paint and/or lead-based paint hazards in the Unit and/or common areas. Purchaser s Acknowledgement (Purchaser (s) to initial (c) (d) and (e) and check wither (i) or (ii) below: (c) (d) (e) Purchaser has received copies of all information listed above. Purchaser has received the pamphlet Protect Your Family from Lead in Your Home. Purchaser has (check (i) or (ii) below: (i) (ii) Received a 10 day opportunity (or other mutually agreed upon period) to conduct a risk assessment or inspection for the presence of lead-based paint. Waived the opportunity to conduct a risk assessment or inspection for the presence of lead-based paint and/or lead-based paint hazards. Agent s (Broker) Acknowledgement (Agent (All Broker) to initial (f) below): (f) Agent (All Brokers) has informed the Seller of the Seller s obligation under 42 U.S.C. 4852d and is aware of Agent s (All Brokers) independent responsibility to ensure compliance. Certification of Accuracy The following parties have reviewed the information above and certify, to the best of their knowledge, that the information they have provided is true and accurate. Seller Date Purchaser Date Seller Date Purchaser Date Agent (Broker) Date Agent (Broker) Date

18 HOUSE RULES The term "resident" or "tenant" is intended to include shareholders, lessee/ shareholders lessees and subleases who reside in the building. Subleases must be approved by the Board of Directors in accordance with the proprietary lease. In addition, guests, subtenants and occupants of a lessee (whether or not approved by the lessor in accordance with the proprietary lease) will be subject to and abide by the House Rules and proprietary lease. A violation of the proprietary lease or House Rules by such occupants, subtenants or guests will be deemed a violation of the proprietary lease or House Rules as applicable, by the shareholder whose apartment is occupied, subleased or visited by such occupant or guest, as applicable. It should be noted that failure to comply with these guidelines may place residents in default of their proprietary or rental leases and may subject residents to fines, eviction or other legal proceedings. LOBBIES HALLS, STAIRWAYS AND OTHER COMMON AREAS 1. The lobbies, public halls, stairways and elevators of the building shall not be obstructed or used for any purpose other than ingress to and egress from the apartments in the building. 2. Children shall not play in the public halls, courts, stairways, or elevators or on the roof. Parents shall be responsible for the supervision of their children at all times. No children shall be permitted to congregate in the lobbies for any reason whatsoever. 3. No public hall above the ground floor of the building shall be decorated or furnished by any Lessee in any manner without the prior consent of the Board of Directors and the lessees to whose apartments such hall serves as a means of ingress and egress. In the event of disagreement among Lessees, the Board of Directors shall decide. 4. No article shall be placed in the halls or on the staircase landings or elevators nor shall anything be hung or shaken from the doors, windows, terraces or balconies or placed upon the window sills of the building. 5. No awnings, window air conditioning units or ventilators shall be used in or about the building, nor shall anything be projected out of any window or over any terrace. 6. No sign, flag, notice, advertisement or illumination shall be inscribed or exposed on or at any window or other part of the building, except such as shall have been approved in writing by the Lessor or the managing agent. 7. No velocipedes, bicycles, scooters, skateboards, baby carriages or the like shall be allowed to stand in public halls, elevator passageways, areas or courts of the building. 8. No radio, television aerial satellite dish or the like shall be attached to or hung from the exterior of the building.

19 9. No vehicle belonging to a Lessee or to a member of the family or guest, subtenant or employee of a Lessee shall be parked in such manner as to impede or prevent ready access to any entrance of the building by another vehicle. 10. Tenant shall reimburse or compensate Lessor a for any damage or injuries to trees shrubs and plants in or on the property of which the demised premises form a part caused by any members of tenant family, servants, employees agents, visitors, licensees, subtenants and pets. 11. No garbage cans, supplies, bottles or other articles shall be placed in the halls or on the staircase landings, windows, balconies or terraces. 12. Neither tenant nor any of the Lessee's agents, servants, employees, licensees, subtenants, or visitors shall at any time bring into or keep upon the demised premises any inflammable, combustible or explosive fluid, material, chemical or substance. ELEVATORS DELIVERIES 13. The passenger and service elevators (Elevator #1), shall not in any manner be interfered with by the tenant, his family, servants, employees, agents, visitors, subtenants, or licensees. 14. The service elevator shall be used by messengers and trades people for ingress, and the passenger elevators, if any, shall not be used by them for that purpose. 15. Deliveries are permitted between the hours of 9 am and 5 pm Monday through Friday. Saturday deliveries are acceptable between, the same hours if the item being delivered will not tie up the elevators for more than one trip. Lessees must advise the super of Saturday deliveries. It is advisable to advise the doorman of any major deliveries you are expecting that day. 16. Delivery of furniture, oversized items, appliances, and large electronic devices are to be delivered only at the service entrance of the building. These items are to be transported via service elevator number # At least 48 hours prior to any delivery being made to an apartment in the Yellowstone Blvd Cooperative the carrier must provide a Certificate of Liability Insurance to the managing agent naming Yellowstone Boulevard Cooperative Owners, Inc. and Goodman Management Co., Inc., and yourself as additional insured. The certificate holder should read: Yellowstone Boulevard Cooperative Owners, Inc. c/o Goodman Management CO., Inc., 5683 Riverdale Avenue, Suite 203, Riverdale, New York All deliveries must be scheduled with the managing agent and the delivery must be made using Service Elevator #1.

20 19. The only exception to paragraphs 17 & 18 is for delivery of one or more items that can be carried by one person on one trip. In that case the delivery need not be scheduled with the managing agent, any elevator can be used and no Certificate of Liability Insurance is required. ROOF ACCESS/MECHANICAL ROOMS PETS TERRACES NOISE 20. No one will be permitted on the roof or in mechanical rooms unless for a proper business purpose and specifically authorized and by the Board of Directors or Managing Agent. 21. Pets are prohibited. Visiting animals or pets or pet watching or pet sitting will not be permitted in the building under any circumstances. 22. No charcoal barbeques or gas grills are permitted. Terraces must be kept clean at all times. All drains must be kept in working order, free of ice and snow. 23. No pigeons or other birds or animals shall be fed from the window sills, terraces, and balconies or in the yard, court spaces or other public portions of the building, or on the sidewalk or street adjacent to the building. 24. No resident shall install any plantings on the terrace, or roof without the prior written approval of the Lessor. Plantings shall be contained in boxes (if wood lined with material impervious to dampness and standing on supports at least two inches from the terrace, balcony or roof surface, and if adjoining a wall, at least three inches from such wall. Suitable weep holes shall be provided in the boxes to draw off water. 25. No resident will make or permit any disturbing noises in the building or do or permit anything to be done in the building which will interfere with the rights, comfort or convenience of other residents, No resident will play upon or suffer to be played upon any musical instrument or permit to be operated a phonograph, CD player, stereos, video game, radio, television or other electronic equipment or household appliance in such resident's apartment between the hours of 11 pm and the following 8 a.m. at a volume that will disturb or annoy other occupants of the building. FLOOR COVERING

21 26. At least 80% of the floor area of each room of each apartment must be covered with adequately thick rugs or carpeting with padding or equally effective noise reducing material. In the event the Board of Directors determines in its sole discretion that a disturbing noise emanates from any apartment and that such disturbing noise would be alleviated by the installation of suitable floor covering, the Board of Directors has the right to require the floors of any such apartment to be covered with adequately thick rugs or carpeting with padding or equally effective noise reducing material, to the extent of at least 80% of the floor area of each room of each apartment, excepting kitchens, bathrooms, and closets. CONSTRUCTION AND RENOVATION 27. Repairs, renovations and improvements (painting, wallpaper, carpets, etc) are permitted between the hours of 9am and 5pm. Monday through Friday (no legal holidays). Lessees need to advise the super in advance if the person doing the work will need to transport tools or equipment into the building. Any renovation within the apartment requires the prior approval of the Board of Directors. Lessees must contact the managing agent for requirements and procedures. Minor repairs will be permitted on the first Saturday and Sunday of each month provided that it does not fall our on a legal holiday. "Minor" renovations shall be defined as work which does not include protracted drilling or hammering, some examples or "minor" renovations, which shall be allowed include, painting, wallpapering, cable TV installation, TV or other appliance repair, installation of blinds or levolors, the installation of, but not the removal of tiles or other floor covering (except the installation or removal of carpeting), change of shower doors in a bathroom, installation of a chandelier or other electrical fixtures, installation of wall units and hanging of mirrors. Some examples of renovations which are not permitted on any weekend includes carpet installation and removal, plumbing work and extensive carpentry. 28. Advise the super in advance of any intended repairs. 29. Section 21 (a) of the proprietary lease requires that Lessees obtain written consent from the Board of Directors prior to making any alterations, or additions to your apartment. 30. The following must also be complied with prior to making any alterations, or additions to an apartment: a) A complete description, including plans showing the proposed work, must be submitted to the managing agent of the cooperative; b) All proposed work must be done by licensed personnel where required. Lessees must furnish the managing agent with the name, address, telephone number and appropriate current license number of the contractor. c) Appropriate liability insurance to protect the apartment corporation and its managing agent in an amount to be specified by the

22 apartment corporation after the alteration application has been reviewed; d) Any resident who allows an uninsured contractor to perform work or services on the building, will be responsible for all damages caused by said uninsured contractor. e) Where required, appropriate permits will have to be obtained from the Department of Buildings, City of New York; f) Where the apartment corporation deems it necessary to have the proposed alteration plans reviewed by an engineer or architect, with a fee to be paid by the Lessee to cover the cost involved. g) Throughout the progress of the work, and upon completion of same, the apartment corporation s managing agent will inspect the work to make sure that the Work complies with the original plans authorized by the apartment corporation. h) No work is to commence prior to obtaining the written consent of the Board of Directors 31. No Lessee shall mark, drill or in any way deface any part of the demised premises or the building of which they form a part. No boring, cutting, or stringing of wires shall be permitted, except with the prior written consent of Lessor and except as Lessor may direct. APARTMENT VIEWING 32. No group tour or exhibition of any apartment or its contents shall be conducted, nor shall any auction sale be held in any apartment without the written consent of the Lessor or its managing agent. WINDOW CLEANING 33. The Lessee shall keep the windows of the apartment clean. In case of refusal or neglect of the Lessee during 10 days after notice in writing from the Lessor or the managing agent to clean the windows, such cleaning may be done by the Lessor, which shall have the right, by its officers or authorized agents, to enter the apartment for the purpose and to charge the cost of such cleaning to the Lessee. CORRESPONDENCE WITH MANAGEMENT COMPANY 34. Complaints regarding the service of the building shall be made in writing to the managing agent of the Lessor. PARTY ROOM 35. Beer, wine and other alcoholic beverages are not permitted to be served from or consumed in the "party room" located in the basement of our building. The apartment corporation will not be responsible for any damages sustained by or to any person as a result of the unauthorized distribution, consumption or use of beer or other alcoholic beverages.

23 PLUMBING RECYCLING LAUNDRY STORAGE 36. Sinks, toilets, showers, bathtubs and other water apparatus in the building will not be used for any purposes other than those for which they were constructed, nor will any article be thrown into such water apparatus. 37. The cost of repairing any damage resulting from misuse of any water apparatus will be paid far by the resident in whose apartment it was caused. Lessees will also be responsible for damage caused to other apartments by leakage or overflow of water, other liquids or gas from their apartment from any pipe, basin, cub or other equipment within the apartment. Lessees are responsible for the maintenance, repair and replacement of plumbing, including exposed water pipes attached to fixtures and appliances and any special equipment installed by the Lessee, such as but not limited to refrigerators, and ranges. 38. Dishwashers are permitted but washing machines and clothes dryers are not permitted. 39. Lessor participates in the NYC mandatory recycling program. A list of items to be recycled can be found on each floor in the compactor room. Recyclable materials should be rinsed out prior to being sorted and deposited in the appropriate recyclable container. 40. Garbage and other non-recyclable materials must be disposed of via the compactor hopper chutes located on each floor. All wet debris must be secured in a drip-proof container and must be completely drip-free before it leaves the apartment and is carried to the compactor closet; it also should be wrapped so it will not come apart in its descent into the basement compactor room. Vacuum cleaner bags should not be emptied directly into the hopper; such dirt or powdered waste should be securely wrapped or bagged before disposal. Crates, pieces of wood or metal and other bulky items must not be dropped into the compactor chute but instead should be left in the designated area of the basement. 41. Under no circumstances should paint or aerosol cans, whether empty or not soaked rags, motor oil, or any other inflammable, explosive, highly combustible substances or lighted matches, cigarette or cigar stubs be thrown into the compactor chute. 42. Larger boxes should be broken down or taken to the basement for disposal. 43. The laundry room is open seven days a week from 8 am to 11 pm. 44. Available to rent from Bargold Storage. Contact Bargold Storage directly for rental fees.

24 PARKING SPACES 45. The parking garage in the building is the property of the apartment corporation and does not belong to any individual Lessee. If a Lessee wishes to rent a parking space, Lessee must let the super or managing agent know so that the Lessee s name can be put on a waiting list immediately. The waiting list is posted on the bulletin board next to the mailboxes in the main lobby. 46. No personal belongings may be stored in the garage. No repair work on vehicles are allowed. Parking spaces are only reserved for registered vehicles. 47. The spaces are available only for tenants of good standing provided that the tenant is not in arrears more than the equivalent of two months maintenance charges to the Corporation for maintenance, ancillary charges and parking fees due to the Corporation and/or is not otherwise in default of any other obligations of the tenant's tenancy under their proprietary lease for their apartment with the Corporation. If the tenant is not in good standing, the Corporation shall be entitled to serve upon the tenant a thirty day notice of termination of parking privileges and upon the expiration of said thirty days the tenant shall be required to surrender possession of the parking space to the Corporation, if the notice of termination is given and the tenant fails to surrender possession of the parking space, the Corporation is entitled to maintain summary proceedings against the tenant for recovery of the parking space and the removal of the vehicle. The tenant will then only be entitled to place their name on the waiting list once they have become a tenant in good standing with the apartment corporation. MOVING INTO AND OUT OF BUILDING 48. Moving in and out of apartments is permitted between the hours of 9a.m. and 5p.m. Monday through Friday (not on a legal holiday), Lessees need to make an appointment, in advance, with the superintendent- Balram Harcharn (718) Lessees are required to present a check in the amount of $2, (or such other amount which may be then prevailing) payable to Yellowstone Blvd Cooperative Owners, Inc. which is to be given to the superintendent prior to or at the commencement of move in date. The check will be returned to the Lessee at the end of your move in process providing there has been no damage to building property and the Lessee s apartment complies with the approved floor-covering rule pursuant to paragraph 23 within 90 days of closing. PROFESSIONAL OFFICES 49. No professional offices are permitted in the building. SALES AND SUBLETTING 50. A prospective purchaser is required to undergo a review procedure. At the time of sale, the sum of $1,000 (or the then prevailing amount) will be withheld from seller, by the apartment corporation, for 30 days to protect the apartment corporation, against damage to apartment

25 corporation s building or to the transferred apartment. Subletting requires the approval of the Board of Directors similar to the purchasing process. 51. All persons whose application to purchase a given apartment has been approved by the Board of Directors shall at the time of closing, be required to submit proof that homeowners or apartment property and liability insurance coverage has been obtained for the purchased apartment. An original insurance policy or a binder from an insurance agent/company shall be adequate proof of insurance coverage. Every existing shareholder shall be required to carry and have liability and property insurance coverage for his or her apartment during the term of the proprietary lease. The Board of Directors, at its discretion, may request copies of said insurance policy, and may establish minimum coverage limits. 52. An applicant seeking to purchase an apartment at the building will not be approved by the Board of Directors if the applicant seeking to purchase the apartment is financing the purchase in an amount greater than, 80% of the purchase price being paid for the apartment. 53. Each and every shareholder who sells an apartment shall deposit the sum of $1, at the time of closing which shall be held in escrow for the Belair Cooperative for a period of 30 days from the date of closing in order to cover any damages caused by the selling shareholder to the apartment being sold or to the building upon moving from the building. Should there be no damages, the $1, shall be returned to the selling shareholder after the 30 days. Should damage have occurred, if repairs will be done by the apartment corporation and the monies held in escrow will be used to pay for the repairs. A shareholder's liability shall however not be limited to the sum of $1, All shareholders who submit an application to sublease, or to renew a sublease for, a given apartment in Yellowstone Boulevard Cooperative must provide proof that homeowners or apartment property and liability insurance has been obtained for the apartment to be sublet. This liability insurance shall be in an amount of not less than $300,000 combined single limit liability insurance (including property damage and personal injury liability). The original insurance policy or a binder from an insurance agent/company shall be adequate proof of insurance coverage. Proof of insurance must be submitted to the managing agent prior to review of the sublease application and/or renewal. 55. The Board of Directors has given its consent to sublease in connection with a given apartment, and payment of the required subleasing fee has been paid to the apartment corporation, a tenant shareholder shall not be entitled to a refund of any portion of the subleasing fee already paid to the Cooperative if the subtenant of the tenant shareholder vacates the apartment or breaches his or her agreement with the tenant shareholder prior to the expiration date of the sublease. The subleasing fee amounting to the greater of 20% of the annual maintenance or 20% of the annual rental payment agreed upon

26 APARTMENT ACCESS between the tenant shareholder and the sublesee, shall be payable to the Cooperative before the first day of the first sublease year and on the first date of each and every annual anniversary date thereof if the Board of Directors approves the sublease for a greater period than one year. 56. A set of apartment keys is to be left with the super or a neighbor/relative in the building or vicinity so that the apartment door can be opened in case of emergency. The super or managing agent must be notified as to the location of said keys. If immediate access to an apartment cannot be obtained because the keys are not available, the Lessee will be held liable for all damages costs, and expenses caused to other shareholders' property and to the building. MANAGEMENT FEES AND COOP FEES 57. An administrative fee for late payment in the amount of 2% will be charged against any unpaid balance due from a stockholder's account, after the 10 th day of each month. AIR CONDITIONING 58. The building has a central air conditioning system that runs on chilled water absorption system. Therefore, windows must be kept closed, at all times, and during the A/C season-even if the A/C fan is turned off. Alarms are placed in the A/C units at the beginning of each A/C season by the building staff. If the alarm goes off, the Lessee must notify the doorman immediately as the unit must be immediately checked by a building staff member at once to see if there is an accumulation of water. If a Lessee is away for an extended period of time, the Lessee must have someone check the apartment regularly to see if there is an excess accumulation of water or if the alarm is sounding. 59. In the event any damage to a given apartment is caused as a result of water accumulations in any air conditioning unit in any apartment, the Lessee shall pay for the damages. Management shall without charge, service the air conditioning pans, filter, and remove any obstruction and condensation in the air conditioning unit at no cost to the Lessee, whenever called upon to do so. EXTERMINATOR 60. The exterminator is in the building the first and third Thursday of each month from 1pm to 3pm and the second and fourth Thursday of each month from 7pm to 9pm. There is no additional charge for this service. If you wish to have the exterminator treat an apartment, notify the doorman. 61. The agents of the Lessor, and any contractor or workman authorized by the Lessor, may enter any apartment at any reasonable hour of the day for the purpose of inspecting such apartment to ascertain whether measures are necessary or desirable to control or exterminate any

27 vermin, insects or other pests and for the purpose of taking such, measures as may be necessary to control or exterminate any such vermin, insects or other pests. If the Lessor takes measures to control or exterminate carpet beetles, the cost thereof shall be payable by the Lessee, as additional rent. MACHINERY AND EQUIPMENT 62. It is agreed that the Lessee shall not install or use any water mattress, laundry machine, air-conditioning or ventilating equipment or any other electrical or mechanical device which the Lessor deems detrimental to the building or to the interest of the Lessor in any manner whatsoever in the apartment or outside the confines of the apartment, terrace or balcony, without first obtaining the Lessor's permission in writing. BUILDING EMPLOYEES 63. No resident will send any employee of the Corporation out of the building on any private business of a resident, nor will any resident engage any employee of the Corporation to perform any private work or service for the resident engage any employee of the Corporation to perform any private work or service for the resident while the employee is on duty. These House Rules may be added to, amended or repealed at any time by resolution of the Board of Directors of the Lessor.