Capital Contributions and Membership Interests. All sums paid by the Member in connection with the startup of the Company and its business operations shall be credited as capital contributions to the Company by the Member, as will all such additional property or cash as the Member determines appropriate to contribute to the Company. The Member shall contribute to the capital of the Company as the Member’s capital contribution the consideration specified in Schedule A to this Agreement. In exchange, the Member shall receive 100% of the membership interest in the Company.
Capital Contributions and Membership Interests. Initial Capital Membership Member Name Contribution Interest ----------- --------------- ---------- Student Loan Funding Resources, $990.00 99% Inc. SLF Enterprises, Inc. $ 10.00 1%
Capital Contributions and Membership Interests. 5.1. Initial Interests
Capital Contributions and Membership Interests. The equity in the LLC shall be represented by "Units" as described in this Paragraph. The "Membership Interest" of a Member from time to time shall be determined by dividing the number of Units owned by such Member by the total number of Units that are outstanding. Additional Units shall be issued pursuant to Paragraph 2.2 and may be issued as provided in Paragraph 3.2. The total number of Units issued as of the date of this Agreement is 100. The LLC shall be deemed to have issued, upon execution of this Agreement, 51 Units to Sanidor and 49 Units to FastFunds, for which each Member shall have contributed the LLC the following: (i) Sanidor shall have effected the assignment of proceeds under that certain master supply agreement terms and conditions to the LLC (and subject to the LLC's assumption of certain payment obligations thereunder, all in accordance with the terms and conditions of the Assignment and Assumption Agreement by and between Sanidor and the LLC, dated as of the date hereof) and (ii) FastFunds shall have contributed $250,000 in cash.
Capital Contributions and Membership Interests. Each Member shall make an initial Capital Contribution to the Company in the form and amount set forth beside such Member’s name on Schedule A attached hereto. In exchange for such Capital Contribution, each Member initially shall receive the Membership Interest set forth beside such Member’s name on Schedule A, which shall be adjusted from time to time as set forth pursuant to the terms of the Asset Purchase Agreement or to properly reflect the admission of new Members or any other event having an effect on a Member’s Membership Interest.
Capital Contributions and Membership Interests. Member Capital Contribution Membership Interests Percentage Interest Framatome $10,000 1,000 Class A Membership Units 50% Lightbridge $10,000 1,000 Class A Membership Units 50% * Additional Capital Contributions made by Lightbridge to the Company will be included in this Exhibit and will be in the form of contributed rights to IP that Lightbridgc owns by virtue of its work and funding of any R&D Services Agreement. These contributed rights will be in the form of a license to the Company of Lightbridgc co owned IP developed under the R&D Services Agreement. The contribution credit that Lightbridge will receive to its capital account in return for the contributed rights shall be equal to the fair market value of such contributed rights at the time of the contribution (at the time of Company formation), which the Members agree shall be derived from the R&D expenditures that Lightbridge has made (and for which it has not been reimbursed) plus the amount it has paid to Framatomc under the R&D Services Agreement up to the time of such contribution. Membership Interests
Capital Contributions and Membership Interests
