Members' Initial Contributions. (a) Strathmore, as its Initial Contribution, hereby contributes the Property described in Appendix I to the capital of the Company.
Members' Initial Contributions. (a) GPXM, as its Initial Contribution, hereby contributes its undivided thirty percent (30%) interest in the Properties owned by it as described in Exhibit A pursuant to a Quitclaim Deed in substantially the form attached hereto as Exhibit G, as well as all Assets owned by it as described in Exhibit A (collectively, the “Assets”), and the Bond related to such Properties to the capital of the Company. The amount of Five Million Four Hundred Eighty Thousand Four Hundred Fifty-Four Dollars and Ninety-Five Cents ($5,480,454.95), representing the mutually agreed upon value of Golden Phoenix’s thirty percent (30%) retained interest in the Properties and Assets and the Bond shall be credited to GPXM’s Equity Account on the Effective Date with respect to GPXM’s Initial Contribution.
Members' Initial Contributions. 3.1.1 Owner, as its Initial Contribution, contributes the Assets described in Exhibit A to the capital of the Company. The amount of $500,000.00 shall be credited to Owner's Equity Account on the Effective Date with respect to Owner's Initial Contribution.
Members' Initial Contributions. 3.1.1 AIVN, as its Initial Contribution, contributes all of its right, title and interest in and to the Assets described in Exhibit A to the capital of the Company. The amount of $1,615,385 shall be credited to AIVN’s Equity Account on the Effective Date with respect to AIVN’s Initial Contribution.
Members' Initial Contributions. Hecla hereby contributes the Rosebud Project Assets to the Company and the Company hereby accepts such contribution. Promptly after the execution of this Agreement, Hecla shall execute and deliver to the Company a Special Warranty Deed in the form and substance of Exhibit F and an Assignment, Xxxx of Sale and Assumption Agreement, in the form and substance of Exhibit G, conveying the Rosebud Project Assets to the Company. SFPG hereby contributes the SFPG Properties to the Company and the Company hereby accepts such contribution. Promptly after the execution of this Agreement, SFPG shall execute and deliver to the Company a Sublease, in the form and substance of Exhibit H, subleasing the SFPG Properties to the Company.
Members' Initial Contributions. (a) SMMI, TMRI and TMGI as SMMI’s Initial Contribution, hereby contribute the Properties described in Exhibit A to the capital of the Company in exchange for 6,000 membership units (“Units”). The amount of Six Million Seven Hundred Twenty-five Thousand Dollars ($6,725,000.00) shall be credited to SMMI’s Capital Account on the Effective Date with respect to SMMI’s Initial Contribution. SMMI will hold the Unit certificates, as further described in Exhibit I.
Members' Initial Contributions. (a) NGXS, as its Initial Contribution, hereby contributes the Assets described in EXHIBIT A to the capital of the Company. ----------
Members' Initial Contributions. (a) Patricx, xx its Initial Contribution, hereby contributes the Assets described in Exhibit A to the capital of the Company; the amount of Eighteen Million Eight Hundred and Fifty Thousand Dollars ($18,850,000) shall be credited to Patrick's Capital Account on the Effective Date with respect to Patrick's Initial Contribution.
Members' Initial Contributions. (a) NEI has (i) contributed the Mining Lease to the capital of the Company and (ii) paid to CLG the sum of Twenty Thousand Dollars ($20,000) pursuant to the Letter Agreement (the "Letter Agreement"), by and between NEI and CLG, which was executed by CLG on January 27, 2007. UEC has reimbursed to NEI Nine Thousand Eight Hundred Dollars ($9,800), which was credited to UEC's Equity Account. The balance of Ten Thousand Two Hundred Dollars ($10,200) was credited to NEI's Equity Account.
Members' Initial Contributions. TSVLP, as its Initial Contribution, shall and does hereby transfer, convey, assign and contribute to the Company its undivided 40% interest in the Assets and any other right, title and interest held by TSVLP or its Affiliates in or to the Assets. TSHI, as its Initial Contribution, shall and does hereby transfer, convey, assign and contribute to the Company its undivided 60% interest in the Assets and any other right, title and interest held by TSHI or its Affiliates in or to the Assets. For purposes of determining TSVLP's and TSHI's initial or subsequently adjusted Ownership Interests, including the calculation of dilution under Section 4.1(b) of the LLC Agreement, and for no other purpose, the value of TSVLP's Initial Contribution shall be deemed to be Two Million Dollars ($2,000,000) and the value of TSHI's Initial Contribution shall be deemed to be Three Million Dollars ($3,000,000). As of the Effective Date of this Agreement, after taking into account the Members' Initial Contributions, the opening balance in TSHI's Capital Account shall be zero and the opening balance in TSVLP's Capital Account shall be zero. TSVLP and TSHI shall take all such further action (and shall cause their Affiliates to take all such further action), including without limitation the execution, delivery, recordation and filing of appropriate deeds, bills of sale, assignments and other instruments of conveyance, as may be reasonably necessary, convenient or appropriate to accomplish or evidence their respective Initial Contributions.
