Common use of Contribution of Interests Clause in Contracts

Contribution of Interests. Upon the terms and subject to the conditions set forth in this Agreement, (i) GP Transferor shall contribute to NorthTech, and NorthTech shall accept from GP Transferor, the PRO GP Capital Stock, free and clear of all Liens, (ii) each Limited Partner shall contribute to NorthTech, and NorthTech shall accept from such Limited Partner, the Partnership Interests held by such Limited Partner, free and clear of all Liens, and (iii) each Investor shall contribute to NorthTech, and NorthTech shall accept from each Investor, cash in an amount as set out in each individual subscription agreement (which in the aggregate with all other Investors shall be no less than $4,500,000) (the 'Cash'), in exchange for the issuance of the Closing Shares (as defined below).