Initial Capital Contributions of American Sierra. As its initial Capital Contribution, American Sierra shall pay and deliver to the Company the sum of Seven Hundred Dollars ($700 US) and, thereafter through the end of the Initial Management Term, shall make such additional Capital Contributions as may be necessary from time to time to pay and satisfy all costs and expenses necessary or incidental to the Company’s organization and operation, including, without limitation, any fees, charges and other costs necessary to maintain the Claims in full force and effect, to monitor and otherwise administer the exploitation thereof by third parties, and/or to maintain the Company as a lawful entity in good standing. American Sierra shall also contribute, as additional Capital Contributions, any amounts deemed necessary by the Manager to establish and maintain reasonable cash reserves to offset future contingent or unexpected liabilities. The Initial Members acknowledge that, except as may be set forth in Section 3.4, Trinity Alps shall not have any liability for cash necessary or incidental to the Company’s organization or operation. American Sierra’s initial Capital Contribution and all additional Capital Contributions from American Sierra under this Section 3.2 shall be deposited into the Trust Account under Section 1.4 of the Initial Agreement, held and disbursed pursuant to Section 5.4 of this Agreement.
Initial Capital Contributions of American Sierra. As its initial Capital Contribution, American Sierra shall pay and deliver to the Company for deposit in the Trust Account, One Hundred Fifty Thousand Dollars ($150,000 USD) in immediately available funds (the “First Payment”) on the Effective Date, such First Payment entitling American Sierra to its initial Membership Interest of seven percent (7%) as set forth in Section 3.6 below. Thereafter, American Sierra shall pay and deliver to the Company for deposit in the Trust Account, on or before December 4, 2011 (the “Final Contribution Date”), the aggregate sum of One Million Seven Hundred Twenty-Five Thousand Dollars US ($1,725,000 USD), including the Miscellaneous Contributions (defined below) (the “Aggregate Cash Contribution”), payable as follows:
