This excerpt taken from the RICK 8-K filed May 14, 2008.
Delivery of Documents and Purchase Price. (a) At the Closing, Seller shall deliver to Purchaser the following (the "Closing Documents"):
(i) a general warranty deed in appropriate form to convey the Property to the Purchaser free and clear of any liens or encumbrances (the "Deed") subject to any agreed upon Permitted Exceptions;
(ii) an Owner's Title Policy covering the Property in the full amount of the Purchase Price to be paid therefor issued by the underwriter for the Title Company pursuant to the Title Binder as provided herein;
(iii) any and all such other documents and instruments as may be reasonably necessary to effectuate the transfer of the Property as provided herein.
(b) At the Closing, Purchaser shall deliver to Seller (i) the Purchase Price for the Property less the Initial Earnest Money, the $1,500,000 Cash Payment and any Additional Earnest Money in immediately available funds, either by wire transfer or cashier’s check, and (ii) any and all such other documents and instruments as may be reasonably necessary to effectuate the transfer of the Property and other transactions as provided herein.