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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
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
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
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
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-
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
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
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
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
1 Title. Within ten (10) business days after the Effective Date, Purchaser shall procure 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
Entities connected to both U.S. Virgin Islands and ALTA Owner's

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
LOCATIONPepper Hamilton LLP
ORGANIZATIONApril Newland
PERSONJames T. Giles
PERSONGSJ Properties, Corp.
ORGANIZATIONthe Property free of the same
ORGANIZATIONInternational Arbitration Rules
ORGANIZATIONthe Territory of the U.S Virgin Islands
LOCATIONthe Property (Parcel A
ORGANIZATIONCommissions
ORGANIZATION