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Manhattan Club Lawsuit (by Fibo N.):

Many owners do not aware and do not realize the real amount of the MC Ownership interest types being offered for sale, because MC sent owners TRUNCATED Annual Budgets, where Schedule A was cut off and was not supplemented with it's FootNotes.

Below is the example of a missed part of Schedule A where you can see a 'menu' of interests per each type of unit. Then, each type of Ownership interest in each Timeshare Unit is equal to a fraction, the numerator of which is one (1) and the denominator of which is fifty-two (52) in the case of an "Annual" Ownership Interest, one hundred four (104) in the case of a "Biennial" Ownership Interest, one hundred fifty-six (156) in the case of a "Triennial" Ownership Interest and Two Hundred Eight (208) in the case of a "Quadrennial" Ownership Interest.

The below Budget excerpt was projected for the year 2012 and presented at the Court Doc 401 "EXCERPT OF 8TH RESTATED PLAN (SCHEDULES A-B)".

Budgets sent to owners are also lack of number of Owners at Schedule B which supposed to be a basis to figure out the income from collecting maintenance fees. Thus the posted at the Court Docs Budget 2012 discloses the number of Owners" as of March 15,2011 and projected new Owners through 2012 in Phases I, II, III, IV & V. "

Now imagine the real picture of the reservation schedules chaos...plus renting to the public...and resulted lack of reservations for owners. ********************************** SCHEDULE A - PURCHASE PRICES AND RELATED INFORMATION

EXECUTIVE SUITE TIMESHARE UNITS / SALES PRICE/ MORTGAGE / MORTGAGE MONTHLY (15 Interest types)

Platinum Flex $42,800 $38,520 $694 New Year Flex $42,800 $38,520 $694 Gold Flex $37,800 $34,020 $613 Biennial Platinum Flex $24,600 $22,140 $399 Biennial New Year Flex $24,600 $22,140 $399 Biennial Gold Flex $19,800 $17,820 $321 Triennial Gold Flex $13,200 $11,880 $214 Biennial Split Platinum Flex $24,600 $22,140 $399 Biennial Split New Year Flex $24,600 $22,140 $399 Biennial Split Gold Flex $19,800 $17,820 $321 Triennial Split Gold Flex $15,500 $13,950 $251 Quadrennial Gold Flex $12,500 $11,250 $203 Quadrennial Split Gold Flex $12,500 $11,250 $203 Quadrennial Split Alternative Gold Flex $12,500 $11,250 $203

FULL ONE-BEDROOM TIMESHARE UNITS (15 interest types)

Platinum Flex $48,000 $43,200 $778 New Year Flex $48,000 $43,200 $778 Gold Flex $45,000 $40,500 $730 Biennial Platinum Flex $26,000 $23,400 $422 Biennial New Year Flex $26,000 $23,400 $422 Biennial Gold Flex $23,000 $20,700 $373 Triennial Gold Flex $18,000 $16,200 $292 Biennial Split Platinum Flex $26,000 $23,400 $422 Biennial Split New Year Flex $26,000 $23,400 $422 Biennial Split Gold Flex $23,000 $20,700 $373 Triennial Split Gold Flex $18,000 $16,200 $292 Quadrennial Gold Flex $15,500 $13,950 $251 Quadrennial Split Gold Flex $15,500 $13,950 $251 Quadrennial Split Alternative Gold Flex $15,500 $13,950 $251

METROPOLITAN SUITE TIMESHARE UNITS (15 interest types)

New Year Flex $32,560 $29,304 $528 Gold Flex $30,750 $27,675 $499 Biennial New Year Flex $23,000 $20,700 $373 Biennial Gold Flex $15,500 $13,950 $251 Triennial Gold Flex $11,270 $10,143 $183 Biennial Split New Year Flex $23,000 $20,700 $373 Biennial Split Gold Flex $15,500 $13,950 $251 Triennial Split Gold Flex $11,270 $10,143 $183 Quadrennial Gold Flex $10,500 $ 9,450 $170 Quadrennial Split Gold Flex $10,500 $ 9,450 $170 Quadrennial Split Alternative Gold Flex $10,500 $ 9,450 $170

MASTERPIECE PENTHOUSE SUITES (7 interest types)

HalfMoon Flex $39,700 $35,730 $644 Full Moon Flex $46,400 $41,760 $752 Biennial Full Moon Flex $27,840 $25,056 $451 Biennial Split Full Moon Flex $27,840 $25,056 $451 New Year Flex $49,300 $44,370 $799 Biennial New Year Flex $29,580 $26,622 $480 Biennial Split New Year Flex $29,580 $26,622 $480

https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=UWVTFzfFlhycSuSu3s7t2g==&system=prod