FOR INFORMATIONAL USE ONLY.    CONTACT MANAGEMENT OFFICE FOR OFFICIAL DOCUMENTS.

By-Laws
Of
Regents Park Gardens Condominium
  Kew Gardens Hills, New York

Section 1. Operation of the Property.  The operation of the Property of the Condominium shall be governed by these By-Laws.

The term "Property" means and includes the land, the Buildings and all other improvements thereon, and all easements, rights and appurtenances belonging thereto, excepting all of the unused air development and zoning rights available to the Sponsor, or its Transferee, under the Zoning Resolution of the City of New York (the "Air Rights") and such other rights as have been conferred by the Sponsor, or its Transferee, pursuant to the section of the Offering Plan entitled "Air Rights", and all of the fixtures and articles of personal property attached or appurtenant to or used in connection therewith, which have been submitted to the provisions of the Condominium Act. Unless otherwise defined, all capitalized terms have the meaning defined in the Condominium Offering Plan for Regent's Park Condominium, as amended.

The Declaration, the By-Laws and the Rules and Regulations attached hereto, each as amended from time to time, shall be applicable to, and binding upon, each Unit Owner, all mortgagees, lessees and occupants of Units and their employees and all other persons who may use the facilities of the Property in any manner.

Section 2. Amendment of Rules and Regulations.  The Rules and Regulations may be amended from time to time by the Board provided that a copy of such amendment is furnished to each Unit Owner not less than five (5) days prior to the time that it becomes effective. Any provision of the Rules and Regulations may be modified or rescinded by vote of sixty-six and two-thirds percent (66-2/3%) of the Unit Owners at a meeting duly called for such purpose.

Section 3. Office.  The Office of the Condominium and of the Board shall be located at the Property or the office of the Managing Agent.

FOR INFORMATIONAL USE ONLY.    CONTACT MANAGEMENT OFFICE FOR OFFICIAL DOCUMENTS.