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y (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
been duly authorized by all requisite corporate action. The person executing this Agreement on behalf of a Sellers has the authority to do so. (b) No Other Party Rights. The Sellers are not aware of any agreements currently in effect which restrict the sale of the Property er--the-Steek-laterests-or grant any other
(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
een duly authorized by all requisite corporate action. The person executing this Agreement on behalf of a Sellers has the authority to do so. (b) No Other Party Rights. The Sellers are not aware of any agreements currently in effect which restrict the sale of the Property or grant any other party any rights to acq
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
y or the Corporation; or (b) existing, pending or, to Sellers' knowledge, threatened condemnation proceedings affecting the Real Property; 7.2.6. No Other Party Rights. There are no agreements currently in effect which restrict the sale of the Property or the Stock Interests or grant any other party any rights to a
Entities connected to both the Property free of the same and No Other Party Rights

U.S. Virgin Islands
LOCATION
Philadelphia
LOCATION
Lausanne
LOCATIONErika Kellerhals
PERSON
Kjaer
PERSON
Switzerland
LOCATION
Great St. James
ORGANIZATIONChristian Kjaer
PERSONApril Newland
PERSONJames T. Giles
PERSONGSJ Properties, Corp.
ORGANIZATIONVirgin Islands Limited Liability Company
ORGANIZATIONPepper Hamilton LLP
ORGANIZATIONInternational Arbitration Rules
ORGANIZATION
Sarah Ferguson
PERSONCommissions
ORGANIZATIONALTA Owner's
ORGANIZATIONthe Territory of the U.S Virgin Islands
LOCATIONthe Title Commitment
ORGANIZATIONthe Property (Parcel A
ORGANIZATION