AMENDMENT TO CONTRACT OF SALE

THIS AMENDMENT TO CONTRACT OF SALE (Amendment) made this _____ day of September, 2010 by and between Louise A. Reiner as Seller (Seller) and William M. Morton, Jr., as Purchaser (Purchaser). RECITALS A. Seller and Purchaser have entered into a Contract of Sale dated as of April

22, 2010 (the Contract) in respect of the property known as Unit 3N in the building located at 465 West Broadway, New York, New York, as more particularly described in the Contract. B. The sale of the Property is contingent on the affirmative written consent

by the owners of the units directly above and below the Property as well as the affirmative written consent of the Corporation (collectively, the Coop). C. Seller terminated the Contract by Notice to Purchaser dated September 10,

2010 (Sellers Termination Notice) due to the Coops failure to provide affirmative written consent to the sale. D. Subsequent to Sellers Termination Notice, the Coop has given its

affirmative written consent (the Coop Consent), subject to Purchaser agreeing to undertake certain work within the Property (the Purchasers Work) as detailed in that certain letter dated September 16, 2010 (the Coop Letter) from Sam Eber, Esq., Purchasers attorney, to the Board of Directors of the Coop, which letter is attached hereto and made a part hereof as Schedule A.

E.

In furtherance of the Purchasers Work and the Coop Consent, Seller and

Purchaser desire to acknowledge that the Contract has been reinstated and is in full force and effect as of the date hereof and to amend the Contract in certain respects as hereinafter set forth. NOW, THEREFORE, the parties hereto agree as follows: 1. Capitalized terms not otherwise defined

in this Amendment shall have the meanings ascribed to them in the Contract. 2. Seller and Purchaser hereby

acknowledge and agree that the Contract has been reinstated and is in full force and effect as of the date hereof. 3. Purchaser shall undertake the

Purchasers Work in accordance with the general scope of work and timing requirements set forth in the Coop Letter. 4. At Closing Purchaser shall pay Seller

Seven Thousand ($7,000.00) Dollars in order to compensate Seller for her lost rental income during August and September. 5. If, through no willful fault of Seller, the

Closing does not occur prior to October 1, 2010, Purchaser shall be obligated to pay Seller a fee of Three Thousand Five Hundred ($3,500.00) Dollars for every month that the Closing does not occur (the Lost Rental Fee). The first Lost Rental Fee shall be due and payable to Seller on October 1, 2010 and on the first of every month thereafter. The Lost Rental Fee shall be prorated if the Closing occurs on any day other than the last day of a month. The Lost Rental Fee shall be payable by bank check delivered to Sellers address set forth in the Contract.

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6.

Notwithstanding paragraph 5 above, if

the Closing has not occurred by December 1, 2010, Seller shall have the right to terminate the Contract, which right to terminate shall be at her sole and absolute discretion. 7. This Amendment may be executed in

one or more counterparts, any of which may be executed and transmitted by facsimile or other electronic method, and each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 8. Save for the above, all other terms and

conditions in said Contract shall remain in full force and effect. [SIGNATURES FOLLOW]

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IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above written. SELLER: PURCHASER:

_________________________ LOUISE A. REINER

______________________________ WILLIAM M. MORTON, JR.

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SCHEDULE A Coop Letter

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