Stamps.com 2011 Annual Report Download - page 90

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12. Disbursements and Other Actions by Escrow Holder
. Upon the Close of Escrow, Escrow Holder shall promptly
undertake all of the following in the manner and order set forth.
12.1 Disburse Funds . Escrow Holder shall credit all matters stated to be credited in Paragraphs 3 and 10
and prorate
all matters addressed in Paragraph 11
based upon the Proration and Expense Schedule and disburse the balance of the Purchase Price (together
with all other items payable to Seller) to Seller promptly upon the Close of Escrow and remaining funds, if any, to Buyer.
12.2 Recording .
Escrow Holder shall cause the Deed, and any other documents which the parties hereto may mutually
direct, to be recorded in the Official Records and obtain conformed copies thereof for distribution to Buyer and Seller.
12.3 Documents to Seller .
Escrow Holder shall disburse to Seller two (2) originals of the Lease Assignment, two (2)
originals of the General Assignment and one (1) conformed copy of the Deed and one (1) copy of any other document deposited into Escrow by
Buyer pursuant hereto.
12.4 Documents to Buyer .
Escrow Holder shall deliver to Buyer the original FIRPTA Certificate executed by Seller,
two (2) originals of the Lease Assignment, two (2) originals of the General Assignment, the original Tenant Notices, (1) copy of any other
document deposited into Escrow by Seller pursuant hereto and one (1) conformed copy of the Deed.
12.5 Title Company . Escrow Holder shall direct the Title Company to issue the Title Policy to Buyer.
13. Representations and Warranties; As-Is Purchase .
13.1 Seller's Representations and Warranties
. In consideration of Buyer entering into this Agreement and as an
inducement to Buyer to buy the Property, Seller makes the following representations and warranties, each of which is material and is being relied
upon by Buyer (and the truth and accuracy of which shall constitute a condition precedent to Buyer's obligations hereunder).
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