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(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
f the Effective Date and as of the Closing Date): Sellers are an individual and a corporation duly organized and legally existing under the laws of the State or Territory of its formation. The execution and delivery of, and performance under, this Agreement is within Sellers' powers and have been duly authorized by al
(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
e Effective Date and as of the Closing Date): (it1Sellers are an individual and a corporation duly organized and legally existing under the laws of the State or Territory of its formation. The execution and delivery of, and performance under, this Agreement is within Sellers' powers and have been duly authorized by al
(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
f the Effective Date and as of the Closing Date): Sellers are an individual and a corporation duly organized and legally existing under the laws of the State or Territory of its formation. The execution and delivery of, and performance under, this Agreement is within Sellers' powers and have been duly authorized by al
Entities connected to both the Property free of the same and the State or Territory

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
ORGANIZATIONthe Property (Parcel A
ORGANIZATIONALTA Owner's
ORGANIZATIONthe Territory of the U.S Virgin Islands
LOCATIONthe American Arbitration Association
ORGANIZATIONthe Title Commitment
ORGANIZATIONCommissions
ORGANIZATION