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lers-at-the-time-ef-exemitien-of--thisagreemeat. 1.1 EFTA00582979 ARTICLE 2 PURCHASE PRICE 2.1 Amount. The purchase price for CK's interest in Parcel A of the the-entire Property and the Stock Interest(the "Purchase Price") is and shall be Twenty Two Million Five Hundred Thousand and No/100 U.S. D
(the "Existing Liens") to be fully satisfied, released and discharged of record on or prior the Closing Date so that Purchaser shall take title to the Property free of the same. In no case shall any Existing Lien be a Permitted Exception. The Virgin Islands Open Shoreline Act, Title 12, Section 401, et. seq. of the Virgin I
rovements located thereon (such land, buildings and improvements, the "Property"); B. CK is the permittee of a submerged land permit, for a dock on Parcel A, designated and more particularly described in Exhibit B attached hereto (the "Permit"), ; and C. Subject to the terms of this Agreement as more f
(the "Existing Liens") to be fully satisfied, released and discharged of record on or prior the Closing Date so that Purchaser shall take title to the Property free of the same. In no case shall any Existing Lien be a Permitted Exception. The Virgin Islands Open Shoreline Act, Title 12, Section 401, et. seq. of the Virgin I
aterial respects. For purposes of this Agreement, "to Sellers' knowledge" shall mean the actual knowledge of Christian Kjaer, the owner of record of Parcel A and the sole shareholder of the Corporation, who is the most knowledgeable person with regard to the Corporation and the Property. 7.3 REPRESENTA
by (the "Evicting I lea) to be fully satisfied, released and discharged of record on or prior the Closing Date so that Purchaser shall take tide to the Property free of the same. In no case shall any Existing Liens be a Permitted Exception. The Virgin Islands Open Shoreline Act, Tide 12, Section 401, et. seq. of the Virgin I
Entities connected to both Parcel A and the Property free of the same
Erika Kellerhals
PERSON
Kjaer
PERSON
Lausanne
LOCATION
U.S. Virgin Islands
LOCATIONChristian Kjaer
PERSONJames T. Giles
PERSON
Philadelphia
LOCATION
Sarah Ferguson
PERSON
Switzerland
LOCATION
Great St. James
ORGANIZATIONApril Newland
PERSONGSJ Properties, Corp.
ORGANIZATIONVirgin Islands Limited Liability Company
ORGANIZATIONPepper Hamilton LLP
ORGANIZATIONInternational Arbitration Rules
ORGANIZATIONCommissions
ORGANIZATIONALTA Owner's
ORGANIZATIONthe Property (Parcel A
ORGANIZATIONthe American Arbitration Association
ORGANIZATIONthe Territory of the U.S Virgin Islands
LOCATION