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<br />Avenue, Fourth Floor, Sunny Isles Beach, Florida 33160, with Closing to occur no later than <br />September 30, 2010. <br /> <br />At Closing, the following shall occur: <br /> <br />(a) Seller shall execute and deliver to Purchaser the following documents with <br />respect to the Property: <br /> <br />(i) A statutory warranty deed ("Deed") subject only to the Acceptable <br />Exceptions; <br /> <br />(ii) <br /> <br />A customafY construction lien affidavit; <br /> <br />J't: <br />'rP <br /> <br />(iii) An affidavit of posseSSIOn of the Property being <br />conveyed; <br /> <br />(iv) A non-foreign affidavit m a form reasonably acceptable to <br />Purchaser; <br /> <br />(v) Appropriate assignments or bills of sale transferring to Purchaser <br />all personal property or property rights (including, but not limited to, the Documents) <br />contemplated by this Agreement or reasonably requested by Purchaser in forms reasonably <br />acceptable to Purchaser, free and clear of all liens, claims or encumbrances; <br /> <br />(vi) If applicable, appropriate evidence of Seller's formation, existence <br />and authority to sell and convey the Property; <br /> <br />(vii) Affidavit from Seller disclosing each person having a legal or <br />beneficial interest in Seller, and in any entity comprising Seller, in compliance with Section <br />286.23, Florida Statutes, as it may be amended from time to time; and <br /> <br />(viii) Such other documents that the Title Company may reasonably <br />require in connection with the issuance of the Title Policy to Purchaser and the delivery of good <br />and marketable title to the Property from Seller to Purchaser as provided in this Agreement, <br />including, but not limited to, an appropriate "gap" affidavit in order to delete the "gap" exception <br />and such affidavits required for deletion of the matters of survey, unrecorded easements, parties <br />in possession and construction lien exceptions otherwise appearing on the Title Policy. <br /> <br />(b) Seller and Purchaser shall each execute counterpart closing statements in a <br />customary form together with such other documents as are reasonably necessary to consummate <br />the Closing. <br /> <br />(c) Seller's costs will be adjusted for and deducted on the Closing Statement. <br />Buyer's cash to close will be delivered by cash, wire transfer, or cashier's check drawn on a bank <br />reasonably acceptable to Seller. <br /> <br />7 <br /> <br />. <br />\, <br />