Common use of Capital Contributions of the Partners Clause in Contracts

Capital Contributions of the Partners. (a) The interests of the Partners (other than the Managing General Partner) have been divided into 30 units (“Units”) for which each such Partner shall commit to contribute One Hundred Twenty Thousand Two Hundred Fifty Dollars ($120,250). Upon execution of this Agreement, each initial Partner (whose names and addresses and number of Units for which the Partner has subscribed are set forth in Exhibit A) shall contribute to the capital of the Partnership the sum of $52,000 for each Unit purchased. In the event that the Managing General Partner determines, in its sole discretion, that completion of the Prospect Xxxxx (as defined in the Placement Memorandum) is advisable, each initial Partner shall contribute to the capital of the Partnership the additional sum of $34,125 for the Fairfield Airport Prospect Well and $34,125 for the SE Cisne Prospect Well for each full Unit purchased. Payment of any such additional Capital Contribution shall be due within seven days of the mailing of the notice by the Managing General Partner. If any Partner shall fail to pay the additional Capital Contribution required to be made by such Partner within seven days after the date due, such Partner shall be in default, and, in addition to all rights and remedies available to the Partnership at law, in equity or otherwise, the Managing General Partner shall have the right to set off against any distributions otherwise due to such Partner an amount equal to 300% of the amount which the Partner failed to contribute. (b) Except as provided in Section 4.3, any proceeds of the offering of Units for sale pursuant to the Placement Memorandum not used, committed for use, or reserved as operating capital in the Partnership’s operations within one year after the closing of such offering shall be distributed pro rata to the Partners as a return of capital. (c) Until proceeds from the offering of Units are invested in the Partnership’s operations, such proceeds may be temporarily invested in income producing short-term, highly liquid investments where there is appropriate safety of principal, such as U.S. Treasury obligations, certificate of deposits or money market accounts. Any such income shall be allocated pro rata to the Partners providing such Capital Contributions.

Capital Contributions of the Partners. (a) The interests of the Partners (other than the Managing General Partner) have been divided into 30 20 units (“Units”) for which each such Partner shall commit to contribute One Hundred Twenty Three Thousand Two Hundred Fifty Dollars ($120,250)103,000) per full Unit. Upon execution of this Agreement, each initial Partner (whose names and addresses and number of Units for which the Partner has subscribed are set forth in Exhibit A) shall contribute to the capital of the Partnership the sum of $52,000 75,000 for each full Unit purchased. In the event that the Managing General Partner determines, in its sole discretion, that completion of the Prospect Xxxxx Well (as defined in the Placement Memorandum) is advisable, each initial Partner shall contribute to the capital of the Partnership the additional sum of $34,125 28,000 for the Fairfield Airport Prospect Well and $34,125 for the SE Cisne Altair Prospect Well for each full Unit purchased. Payment of any such additional Capital Contribution shall be due within seven days of the mailing of the notice by the Managing General Partner. If any Partner shall fail to pay the additional Capital Contribution required to be made by such Partner within seven days after the date due, such Partner shall be in default, and, in addition to all rights and remedies available to the Partnership at law, in equity or otherwise, the Managing General Partner shall have the right to set off against any distributions otherwise due to such Partner an amount equal to 300% of the amount which the Partner failed to contribute. (b) Except as provided in Section 4.3, any proceeds of the offering of Units for sale pursuant to the Placement Memorandum not used, committed for use, or reserved as operating capital in the Partnership’s operations within one year after the closing of such offering shall be distributed pro rata to the Partners as a return of capital. (c) Until proceeds from the offering of Units are invested in the Partnership’s operations, such proceeds may be temporarily invested in income producing short-term, highly liquid investments where there is appropriate safety of principal, such as U.S. Treasury obligations, certificate of deposits or money market accounts. Any such income shall be allocated pro rata to the Partners providing such Capital Contributions.

Capital Contributions of the Partners. (a) The interests of the Partners (other than the Managing General Partner) have been divided into 30 10 units (“Units”) for which each such Partner shall commit to contribute One Hundred Twenty Seven Thousand Two Hundred Fifty Dollars ($120,250107,000). Upon execution of this Agreement, each initial Partner (whose names and addresses and number of Units for which the Partner has subscribed are set forth in Exhibit A) shall contribute to the capital of the Partnership the sum of $52,000 90,000 for each Unit purchased. In the event that the Managing General Partner determines, in its sole discretion, that completion of the Prospect Xxxxx Well (as defined in the Placement Memorandum) is advisable, each initial Partner shall contribute to the capital of the Partnership the additional sum of $34,125 17,000 for the Fairfield Airport Prospect Well and $34,125 for the SE Cisne Galveston Bay Prospect Well for each full Unit purchased. Payment of any such additional Capital Contribution shall be due within seven days of the mailing of the notice by the Managing General Partner. If any Partner shall fail to pay the additional Capital Contribution required to be made by such Partner within seven days after the date due, such Partner shall be in default, and, in addition to all rights and remedies available to the Partnership at law, in equity or otherwise, the Managing General Partner shall have the right to set off against any distributions otherwise due to such Partner an amount equal to 300% of the amount which the Partner failed to contribute. (b) Except as provided in Section 4.3, any proceeds of the offering of Units for sale pursuant to the Placement Memorandum not used, committed for use, or reserved as operating capital in the Partnership’s operations within one year after the closing of such offering shall be distributed pro rata to the Partners as a return of capital. (c) Until proceeds from the offering of Units are invested in the Partnership’s operations, such proceeds may be temporarily invested in income producing short-term, highly liquid investments where there is appropriate safety of principal, such as U.S. Treasury obligations, certificate of deposits or money market accounts. Any such income shall be allocated pro rata to the Partners providing such Capital Contributions.

Capital Contributions of the Partners. (a) The interests of the Partners (other than the Managing General Partner) have been divided into 30 10 units (“"Units”") for which each such Partner shall commit to contribute One Hundred Twenty Five Thousand Two Five Hundred Fifty Dollars ($120,250105,500). Upon execution of this Agreement, each initial Partner (whose names and addresses and number of Units for which the Partner has subscribed are set forth in Exhibit A) shall contribute to the capital of the Partnership the sum of $52,000 68,500 for each Unit purchased. In the event that the Managing General Partner determines, in its sole discretion, that completion of the Prospect Xxxxx (as defined in the Placement Memorandum) is advisable, each initial Partner shall contribute to the capital of the Partnership the additional sum of $34,125 23,500 for the Fairfield Airport Friesian Prospect Well and $34,125 13,500 for the SE Cisne Little Xxxxxxx Prospect Well for each full Unit purchased. Payment of any such additional Capital Contribution shall be due within seven days of the mailing of the notice by the Managing General Partner. If any Partner shall fail to pay the additional Capital Contribution required to be made by such Partner within seven days after the date due, such Partner shall be in default, and, in addition to all rights and remedies available to the Partnership at law, in equity or otherwise, the Managing General Partner shall have the right to set off against any distributions otherwise due to such Partner an amount equal to 300% of the amount which the Partner failed to contribute. (b) Except as provided in Section 4.34,3, any proceeds of the offering of Units for sale pursuant to the Placement Memorandum not used, committed for use, or reserved as operating capital in the Partnership’s 's operations within one year after the closing of such offering shall be distributed pro rata to the Partners as a return of capital. (c) Until proceeds from the offering of Units are invested in the Partnership’s 's operations, such proceeds may be temporarily invested in income producing short-term, highly liquid investments where there is appropriate safety of principal, such as U.S. Treasury obligations, certificate of deposits or money market accounts. Any such income shall be allocated pro rata to the Partners providing such Capital Contributions.

Capital Contributions of the Partners. (a) The interests of the Partners (other than the Managing General Partner) have been divided into 30 10 units (“"Units”") for which each such Partner shall commit to contribute One Hundred Twenty Ninety-Two Thousand Two Hundred Fifty Dollars ($120,25092,000). Upon execution of this Agreement, each initial Partner (whose names and addresses and number of Units for which the Partner has subscribed are set forth in Exhibit A) shall contribute to the capital of the Partnership the sum of $52,000 72,000 for each Unit purchased. In the event that the Managing General Partner determines, in its sole discretion, that completion of the Prospect Xxxxx (as defined in the Placement Memorandum) Wxxxx is advisable, each initial Partner shall contribute to the capital of the Partnership the additional sum of $34,125 12,500 for the Fairfield Airport Mxxxxx Prospect Well and $34,125 7,500 for the SE Cisne Squeeze Box Prospect Well for each full Unit purchased. Payment of any such additional Capital Contribution shall be due within seven days of the mailing of the notice by the Managing General Partner. If if any Partner shall fail to pay the additional Capital Contribution required to be made by such Partner within seven days after the date due, such Partner shall be in default, and, in addition to all rights and remedies available to the Partnership at law, in equity or otherwise, the Managing General Partner shall have the right to set off against any distributions otherwise due to such Partner an amount equal to 300% of the amount which the Partner failed to contribute. (b) Except as provided in Section 4.3, any proceeds of the offering of Units for sale pursuant to the Placement Memorandum not used, committed for use, or reserved as operating capital in the Partnership’s 's operations within one year after the closing of such offering shall be distributed pro rata to the Partners as a return of capital. (c) Until proceeds from the offering of Units are invested in the Partnership’s 's operations, such proceeds may be temporarily invested in income producing short-termtern, highly liquid investments where there is appropriate safety of principal, such as U.S. Treasury obligations, certificate of deposits or money market accounts. Any such income shall be allocated pro rata to the Partners providing such Capital Contributions.

Capital Contributions of the Partners. (a) The interests of the Partners (other than the Managing General Partner) have been divided into 30 5.75 units (“"Units”") for which each such Partner shall commit to contribute One Hundred Twenty Ninety-Two Thousand Two Hundred Fifty Dollars ($120,250)92,000) per full Unit. Upon execution of this Agreement, each initial Partner (whose names and addresses and number of Units for which the Partner has subscribed are set forth in Exhibit A) shall contribute to the capital of the Partnership the sum of $52,000 84,500 for each full Unit purchased. In the event that the Managing General Partner determines, in its sole discretion, that completion of the Squeeze Box Prospect Xxxxx Well (as defined in the Placement Memorandum) is advisable, each initial Partner shall contribute to the capital of the Partnership the additional sum of $34,125 7,500 for the Fairfield Airport Prospect Well and $34,125 for the SE Cisne Prospect Well for each full Unit purchased. Payment of any such additional Capital Contribution shall be due within seven days of the mailing of the notice by the Managing General Partner. If any Partner shall fail to pay the additional Capital Contribution required to be made by such Partner within seven days after the date due, such Partner shall be in default, and, in addition to all rights and remedies available to the Partnership at law, in equity or otherwise, the Managing General Partner shall have the right to set off against any distributions otherwise due to such Partner an amount equal to 300% of the amount which the Partner failed to contribute. (b) Except as provided in Section 4.3, any proceeds of the offering of Units for sale pursuant to the Placement Memorandum not used, committed for use, or reserved as operating capital in the Partnership’s 's operations within one year after the closing of such offering shall be distributed pro rata to the Partners as a return of capital. (c) Until proceeds from the offering of Units are invested in the Partnership’s 's operations, such proceeds may be temporarily invested in income producing short-termtern, highly liquid investments where there is appropriate safety of principal, such as U.S. Treasury obligations, certificate of deposits or money market accounts. Any such income shall be allocated pro rata to the Partners providing such Capital Contributions.

Capital Contributions of the Partners. (a) The interests of the Partners (other than the Managing General Partner) have been divided into 30 10 units (“Units”) for which each such Partner shall commit to contribute One Hundred Twenty Ninety-Five Thousand Two Hundred Fifty Dollars ($120,250)95,000) per full Unit. Upon execution of this Agreement, each initial Partner (whose names and addresses and number of Units for which the Partner has subscribed are set forth in Exhibit A) shall contribute to the capital of the Partnership the sum of $52,000 62,500 for each full Unit purchased. In the event that the Managing General Partner determines, in its sole discretion, that completion of the Prospect Xxxxx (as defined in the Placement Memorandum) is advisable, each initial Partner shall contribute to the capital of the Partnership the additional sum of $34,125 13,650 for the Fairfield Airport Prairie Xxxx West Prospect Well and $34,125 18,850 for the SE Cisne Prairie Xxxx East Prospect Well for each full Unit purchased. Payment of any such additional Capital Contribution shall be due within seven days of the mailing of the notice by the Managing General Partner. If any Partner shall fail to pay the additional Capital Contribution required to be made by such Partner within seven days after the date due, such Partner shall be in default, and, in addition to all rights and remedies available to the Partnership at law, in equity or otherwise, the Managing General Partner shall have the right to set off against any distributions otherwise due to such Partner an amount equal to 300% of the amount which the Partner failed to contribute. (b) Except as provided in Section 4.3, any proceeds of the offering of Units for sale pursuant to the Placement Memorandum not used, committed for use, or reserved as operating capital in the Partnership’s operations within one year after the closing of such offering shall be distributed pro rata to the Partners as a return of capital. (c) Until proceeds from the offering of Units are invested in the Partnership’s operations, such proceeds may be temporarily invested in income producing short-term, highly liquid investments where there is appropriate safety of principal, such as U.S. Treasury obligations, certificate of deposits or money market accounts. Any such income shall be allocated pro rata to the Partners providing such Capital Contributions.

Capital Contributions of the Partners. (a) The interests of the Partners (other than the Managing General Partner) have been divided into 30 20 units (“Units”) for which each such Partner shall commit to contribute One Fifty Thousand Five Hundred Twenty Thousand Two Hundred Fifty Dollars ($120,25050,500). Upon execution of this Agreement, each initial Partner (whose names and addresses and number of Units for which the Partner has subscribed are set forth in Exhibit A) shall contribute to the capital of the Partnership the sum of $52,000 28,000 for each Unit purchased. In the event that the Managing General Partner determines, in its sole discretion, that completion of the Prospect Xxxxx (as defined in the Placement Memorandum) is advisable, each initial Partner shall contribute to the capital of the Partnership the additional sum of $34,125 12,375 for the Fairfield Airport Prospect Seabreeze #2 Well and $34,125 10,125 for the SE Cisne Prospect Seabreeze #3 Well for each full Unit purchased. Payment of any such additional Capital Contribution shall be due within seven days of the mailing of the notice by the Managing General Partner. If any Partner shall fail to pay the additional Capital Contribution required to be made by such Partner within seven days after the date due, such Partner shall be in default, and, in addition to all rights and remedies available to the Partnership at law, in equity or otherwise, the Managing General Partner shall have the right to set off against any distributions otherwise due to such Partner an amount equal to 300% of the amount which the Partner failed to contribute. (b) Except as provided in Section 4.3, any proceeds of the offering of Units for sale pursuant to the Placement Memorandum not used, committed for use, or reserved as operating capital in the Partnership’s operations within one year after the closing of such offering shall be distributed pro rata to the Partners as a return of capital. (c) Until proceeds from the offering of Units are invested in the Partnership’s operations, such proceeds may be temporarily invested in income producing short-term, highly liquid investments where there is appropriate safety of principal, such as U.S. Treasury obligations, certificate of deposits or money market accounts. Any such income shall be allocated pro rata to the Partners providing such Capital Contributions.

Capital Contributions of the Partners. (a) The interests of the Partners (other than the Managing General Partner) have been divided into 30 20 units (“Units”) for which each such Partner shall commit to contribute One Hundred Twenty Forty-Five Thousand Two Hundred Fifty Dollars ($120,250)45,000) per full Unit. Upon execution of this Agreement, each initial Partner (whose names and addresses and number of Units for which the Partner has subscribed are set forth in Exhibit A) shall contribute to the capital of the Partnership the sum of $52,000 38,000 for each full Unit purchased. In the event that the Managing General Partner determines, in its sole discretion, that completion of the Prospect Xxxxx Well (as defined in the Placement Memorandum) is advisable, each initial Partner shall contribute to the capital of the Partnership the additional sum of $34,125 7,000 for the Fairfield Airport Prospect Well and $34,125 for the SE Cisne Squeeze Box Prospect Well for each full Unit purchased. Payment of any such additional Capital Contribution shall be due within seven days of the mailing of the notice by the Managing General Partner. If any Partner shall fail to pay the additional Capital Contribution required to be made by such Partner within seven days after the date due, such Partner shall be in default, and, in addition to all rights and remedies available to the Partnership at law, in equity or otherwise, the Managing General Partner shall have the right to set off against any distributions otherwise due to such Partner an amount equal to 300% of the amount which the Partner failed to contribute. (b) Except as provided in Section 4.3, any proceeds of the offering of Units for sale pursuant to the Placement Memorandum not used, committed for use, or reserved as operating capital in the Partnership’s operations within one year after the closing of such offering shall be distributed pro rata to the Partners as a return of capital. (c) Until proceeds from the offering of Units are invested in the Partnership’s operations, such proceeds may be temporarily invested in income producing short-term, highly liquid investments where there is appropriate safety of principal, such as U.S. Treasury obligations, certificate of deposits or money market accounts. Any such income shall be allocated pro rata to the Partners providing such Capital Contributions.

Capital Contributions of the Partners. (a) The interests of the Partners (other than the Managing General Partner) have been divided into 30 24 units (“Units”) for which each such Partner shall commit to contribute One Hundred Twenty Twelve Thousand Two Hundred Fifty Dollars ($120,250112,200). Upon execution of this Agreement, each initial Partner (whose names and addresses and number of Units for which the Partner has subscribed are set forth in Exhibit A) shall contribute to the capital of the Partnership the sum of $52,000 66,000 for each Unit purchased. In the event that the Managing General Partner determines, in its sole discretion, that completion of the Prospect Xxxxx (as defined in the Placement Memorandum) is advisable, each initial Partner shall contribute to the capital of the Partnership the additional sum of $34,125 23,100 for the Fairfield Airport first Prospect Well and $34,125 23,100 for the SE Cisne second Prospect Well for each full Unit purchased. Payment of any such additional Capital Contribution shall be due within seven days of the mailing of the notice by the Managing General Partner. If any Partner shall fail to pay the additional Capital Contribution required to be made by such Partner within seven days after the date due, such Partner shall be in default, and, in addition to all rights and remedies available to the Partnership at law, in equity or otherwise, the Managing General Partner shall have the right to set off against any distributions otherwise due to such Partner an amount equal to 300% of the amount which the Partner failed to contribute. (b) Except as provided in Section 4.3, any proceeds of the offering of Units for sale pursuant to the Placement Memorandum not used, committed for use, or reserved as operating capital in the Partnership’s operations within one year after the closing of such offering shall be distributed pro rata to the Partners as a return of capital. (c) Until proceeds from the offering of Units are invested in the Partnership’s operations, such proceeds may be temporarily invested in income producing short-term, highly liquid investments where there is appropriate safety of principal, such as U.S. Treasury obligations, certificate of deposits or money market accounts. Any such income shall be allocated pro rata to the Partners providing such Capital Contributions.

Capital Contributions of the Partners. (a) The interests of the Partners (other than the Managing General Partner) have been divided into 30 10 units (“Units”) for which each such Partner shall commit to contribute One Hundred Twenty Forty-Four Thousand Two Seven Hundred Fifty Dollars ($120,250)44,750) per full Unit. Upon execution of this Agreement, each initial Partner (whose names and addresses and number of Units for which the Partner has subscribed are set forth in Exhibit A) shall contribute to the capital of the Partnership the sum of $52,000 30,000 for each full Unit purchased. In the event that the Managing General Partner determines, in its sole discretion, that completion of the Xxxxxxxxx Ranch Prospect Xxxxx Well (as defined in the Placement Memorandum) is advisable, each initial Partner shall contribute to the capital of the Partnership the additional sum of $34,125 14,750 for the Fairfield Airport Prospect Well and $34,125 for the SE Cisne Prospect Well for each full Unit purchased. Payment of any such additional Capital Contribution shall be due within seven days of the mailing of the notice by the Managing General Partner. If any Partner shall fail to pay the additional Capital Contribution required to be made by such Partner within seven days after the date due, such Partner shall be in default, and, in addition to all rights and remedies available to the Partnership at law, in equity or otherwise, the Managing General Partner shall have the right to set off against any distributions otherwise due to such Partner an amount equal to 300% of the amount which the Partner failed to contribute. (b) Except as provided in Section 4.3, any proceeds of the offering of Units for sale pursuant to the Placement Memorandum not used, committed for use, or reserved as operating capital in the Partnership’s operations within one year after the closing of such offering shall be distributed pro rata to the Partners as a return of capital. (c) Until proceeds from the offering of Units are invested in the Partnership’s operations, such proceeds may be temporarily invested in income producing short-term, highly liquid investments where there is appropriate safety of principal, such as U.S. Treasury obligations, certificate of deposits or money market accounts. Any such income shall be allocated pro rata to the Partners providing such Capital Contributions.

Capital Contributions of the Partners. (a) The interests of the Partners (other than the Managing General Partner) have been divided into 30 20 units (“Units”) for which each such Partner shall commit to contribute One Hundred Twenty Two Thousand Two Hundred Fifty Dollars ($120,250)102,000) per full Unit. Upon execution of this Agreement, each initial Partner (whose names and addresses and number of Units for which the Partner has subscribed are set forth in Exhibit A) shall contribute to the capital of the Partnership the sum of $52,000 90,000 for each full Unit purchased. In the event that the Managing General Partner determines, in its sole discretion, that completion of the Prospect Xxxxx Well (as defined in the Placement Memorandum) is advisable, each initial Partner shall contribute to the capital of the Partnership the additional sum of $34,125 12,000 for the Fairfield Airport Prospect Well and $34,125 for the SE Cisne Loma Xxxxxx Prospect Well for each full Unit purchased. Payment of any such additional Capital Contribution shall be due within seven days of the mailing of the notice by the Managing General Partner. If any Partner shall fail to pay the additional Capital Contribution required to be made by such Partner within seven days after the date due, such Partner shall be in default, and, in addition to all rights and remedies available to the Partnership at law, in equity or otherwise, the Managing General Partner shall have the right to set off against any distributions otherwise due to such Partner an amount equal to 300% of the amount which the Partner failed to contribute. (b) Except as provided in Section 4.3, any proceeds of the offering of Units for sale pursuant to the Placement Memorandum not used, committed for use, or reserved as operating capital in the Partnership’s operations within one year after the closing of such offering shall be distributed pro rata to the Partners as a return of capital. (c) Until proceeds from the offering of Units are invested in the Partnership’s operations, such proceeds may be temporarily invested in income producing short-term, highly liquid investments where there is appropriate safety of principal, such as U.S. Treasury obligations, certificate of deposits or money market accounts. Any such income shall be allocated pro rata to the Partners providing such Capital Contributions.