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6.1. EDA's Closing Documents. On the Closing Date, the EDA shall execute and deliver <br />to the Buyer the following (collectively, "EDA's Closing Documents"), all in form <br />and content reasonably satisfactory to the EDA and the Buyer: <br />6.1.1. Deed. A quit claim deed conveying the Property to the Buyer. Said quit claim <br />deed shall contain a covenant running with the Property that the building on <br />the Property must be constructed and completed within one year from the date <br />of the deed or the Property will automatically revert back to the EDA. <br />6.1.2. Seller's Affidavit. An Affidavit of Title by the EDA stating that on the <br />Closing Date there are no outstanding, unsatisfied judgments, tax liens or <br />bankruptcies against or involving the EDA or the Property; that there has been <br />no skill, labor or material furnished to the Property for which payment has not <br />been made or for which mechanics' liens could be filed; and that there are no <br />other unrecorded instruments affecting the Property, together with whatever <br />standard owner's affidavit (ALTA form) which may be required by the Title <br />Company to issue an Owner's Policy of Title Insurance with the standard <br />exceptions waived. <br />6.1.3. Original Documents. Original copies of any surveys, plans and records in the <br />EDA's possession. <br />6.1.4. FIRPTA Affidavit. A non -foreign affidavit, properly executed, containing <br />such information as is required by the Internal Revenue Code Section <br />1445(b)(2) and its regulations. <br />6.1.5. Other Documents. Any other documents reasonably required in order to <br />complete the transaction contemplated by this Agreement. <br />6.2. Buyer's Closing Documents. On the Closing Date, the Buyer shall execute, as <br />appropriate and deliver to the EDA the following (collectively, "Buyer's Closing <br />Documents"): <br />6.2.1. Purchase Price. The Purchase Price in good funds (certified or cashier's check <br />or wire transfer). <br />6.2.2. Other Documents. Such affidavits of Purchaser, Certificates of Value or other <br />documents as may be reasonably required in order to complete the transaction <br />contemplated by this Agreement. <br />7. PRORATIONS. The EDA and the Buyer agree to the following proration and allocation <br />of costs regarding this Agreement: <br />7.1. Title Insurance and Closing Fees. The EDA shall pay the cost of the title insurance <br />commitment, including any associated title examination and search charges. Oe <br />457530v2 SJS EL185-33 <br />