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or other means for the purpose of preparing proper sales documents. The sale shall be subject to recorded easements, restrictions, reservations and Virgin Islands' law, rules and regulations; Purchaser shall have fifteen (15) days from the date of final execution of this Agreement to inspect the same and shall
7.2.2. Due Authority. The Corporation is a U.S. Virgin Islands corporation duly organized, validly existing and in good standing under the laws of the U.S. Virgin Islands. The Corporation has the full right and authority to enter into this Agreement and to transfer the Stock Interest to be conveyed by the Corporation
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
made or action is to be taken on a date specified in this Agreement, if such date shall fall on Saturday, Sunday or legal holiday under the laws of the U.S. Virgin Islands, then in such event said date shall be extended to the next day which is not a Saturday, Sunday or legal holiday. The "Effective Date" of this Agree
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
n or inadequate information relating to any of the matters described above. (c) Purchaser verifies and warrants that it has funds available in the U.S. Virgin Islands to purchase the property and upon the execution of this Agreement. Purchaser further warrants the validity of the Letter of Credit or similar bank i
(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
n or inadequate information relating to any of the matters described above. (c) Purchaser verifies and warrants that it has funds available in the U.S. Virgin Islands to purchase the property and upon the execution of this Agreement. PefelleSef ftwther-wofronts-the-.rolidit&-of-the-Lretteeof-Gredit-or-similaf-Mmk-
(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
n fees and expenses of the American Arbitration Association. 9.12 Attorneys' Fees. Regardless of the award rendered in Arbitration or the laws of the U.S. Virgin Islands, each party shall pay its own costs, expenses and attorney fees. 9.13 Risk of Loss. Except as otherwise provided herein, Seller shall bear the ris
(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
to be taken on a date specified in this Agreement, if such date shall fall on Saturday, Sunday or legal holiday under the a EFTA00583026 laws of the U.S. Virgin Islands, then in such event said date shall be extended to the next day which is not a Saturday, Sunday or legal holiday. The "Effective Date" of this Agree
(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
Entities connected to both U.S. Virgin Islands and the Property free of the same

Sarah Ferguson
PERSONErika Kellerhals
PERSON
Philadelphia
LOCATION
Great St. James
ORGANIZATION
the Internal Revenue Service
ORGANIZATIONVirgin Islands Limited Liability Company
ORGANIZATION
Kjaer
PERSONthe American Arbitration Association
ORGANIZATIONChristian Kjaer
PERSON
Switzerland
LOCATION
Lausanne
LOCATIONJames T. Giles
PERSONApril Newland
PERSONPepper Hamilton LLP
ORGANIZATIONGSJ Properties, Corp.
ORGANIZATIONInternational Arbitration Rules
ORGANIZATIONthe Property (Parcel A
ORGANIZATIONthe Title Commitment
ORGANIZATIONCommissions
ORGANIZATIONthe Territory of the U.S Virgin Islands
LOCATION