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<br />6. Closin2 Costs <br /> <br />(a) Seller shall pay Ibe costs of transfer tax and documentary stamps. if any. on <br />the assignment of the Development Rights and its own attorney's fees and any costs associated with <br />notifying the City of Sunny Isles of Ibe transfer of the Development Rights. <br /> <br />(b) Purchaser shall pay any expenses related to its due diligence and inspections <br />performed therein and its own attorney's fees. <br /> <br />7. Documents to be delivered at Closin2 <br /> <br />(a) Seller sball deliver at Closing to Purchaser: <br /> <br />(i) An Assignment of the Development Rights or other conveyancing <br />document in a form that is reasonably acceptable to Purchaser and its <br />counsel to mIDsfer the Developmeol Righls. <br />(ii) Written confumation that il has complied with Ibe requirements. if <br />any, to notify the City of Sunny Isles oflbe transfer. <br />(iii) Evidence that Seller is authorized to freely transfer Ibe Development <br />Rights. <br />(iv) Written confirmation from the City of Sunny Isles Ibat the <br />Development Rights are owned hy Seller and ready and available for <br />transfer. <br />(v) A cOJporale resolulion of Seller authorizing the individual executing <br />the documents to do so on Seller's behalf. <br />(vi) Any and all such other reasonable and customary documents <br />necessary to consummate the closing of tbis purchase and sale <br />transaction. <br /> <br />(b) Purchaser shall deliver al Closing to Seller: <br /> <br />(I) the Balance of the Purchase Price <br />(i1) A cOlporale resolution authorizing the individual executing the <br />documents on Purchaser's hehalfto do so on Purchaser's behalf. <br />(iii) Any and all such other reasonahle and customary documents <br />reasonably required hy Seller's counsel. <br /> <br />8. Commission. <br /> <br />Seller and Purchaser agree Ihat no Broker other than _NI A . have been <br />involved in the negotiation of this transaction and Seller shall pay a commission of _N/A_ <br />percent L %) oftbe purchase price to _ N/A upon the closing of this transaction. <br /> <br />9. Escrow A2ent. <br /> <br />(a) The duties of Escrow Agent are purely ministerial in nature and shall be <br />expressly limited to the safekeeping of Ihe Assignment, and for the disposition of same in <br /> <br />2 <br /> <br />~ <br />