Common use of Members’ Contributions Clause in Contracts

Members’ Contributions. (1) Units may be sold by the Company, including to the Member Designee, in accordance with the Company’s Private Placement Offering Memorandum and Disclosure Document (the “Memorandum”) referred to in Paragraph 12, to persons desiring to become Members at the Member Designee’s discretion. For any Unit (or partial Unit rounded to four decimal places) purchased (except as noted below with respect to the Trading Advisor), a Member shall contribute to the capital of the Company an amount equal to the Net Asset Value of a Unit (or partial Unit, as the case may be) as of the close of business on the day preceding the effective date of such purchase. The Trading Advisor will contribute advisory services and will be entitled to receive a quarterly allocation in Units as described in Paragraph 9. (2) The aggregate of all Capital Contributions made to the Company shall be available to the Company to carry on its business, and no interest shall be paid on any such contribution. All subscriptions for Units made pursuant to the Private Placement of the Units must be on the form provided in the Memorandum. All subscribers who have been accepted by the Member Designee shall be deemed admitted as Members at the time they are reflected as such in the books and records of the Company. All Capital Contributions shall be made in cash.