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derally insured, interest bearing account. All interest on the Earnest Money Deposit shall remain the property of Purchaser and will be reported to the Internal Revenue Service as income of the party entitled to receive the Earnest Money Deposit. Purchaser and Seller shall promptly execute and deliver to the Escrow Agent a
ithin ten (10) days after the Effective Date, Purchaser shall procure from a Escrow Agent a current title commitment (the "Title Commitment") for an ALTA Owner's Title Policy, showing the state of the title to the Property which would appear in an ALTA Owner's Title Policy, if issued, accompanied by copies o
derally insured, interest bearing account. All interest on the Earnest Money Deposit shall remain the property of Purchaser and will be reported to the Internal Revenue Service as income of the party entitled to receive the Earnest Money Deposit. Purchaser and Sellers shall promptly execute and deliver to the Escrow Agent a
n (10) days after the execution of this Agreement by all parties, Purchaser shall procure a current title commitment (the 'Title Commitment") for an ALTA Owner's Tide Policy, showing the state of the tide to the Property, including Parcels B and C, which would appear in an ALTA Owner's Title Policy, if issued
s not a "foreign person" as defined in Section 1445(f)(3) of the Internal Revenue Code of 1986, as amended, and otherwise in the form prescribed by the Internal Revenue Service. 4.2.3 A certificate, dated as of or before the Closing Date, of the Secretary or an Assistant Secretary• of the Seller with respect to the resolut
ered from First American Title Insurance Company ("Title Company"). The Title Commitment shall obligate the Title Company to issue to Purchaser an ALTA Owner's Policy covering the Land, Appurtenances and Improvements, subject only to Permitted Encumbrances. Purchaser shall instruct the Title Company to del
Entities connected to both the Internal Revenue Service and ALTA Owner's

U.S. Virgin Islands
LOCATION
Philadelphia
LOCATION
Sarah Ferguson
PERSON
Lausanne
LOCATIONErika Kellerhals
PERSONChristian Kjaer
PERSON
Kjaer
PERSON
Switzerland
LOCATION
Great St. James
ORGANIZATIONthe American Arbitration Association
ORGANIZATIONVirgin Islands Limited Liability Company
ORGANIZATIONthe Property free of the same
ORGANIZATIONPepper Hamilton LLP
ORGANIZATIONInternational Arbitration Rules
ORGANIZATIONApril Newland
PERSONJames T. Giles
PERSONGSJ Properties, Corp.
ORGANIZATIONCommissions
ORGANIZATIONthe Title Commitment
ORGANIZATIONParcel A
LOCATION