Effect of Contributions. In exchange for its initial Capital Contribution, as defined in Section 4.1 of the Operating Agreement, (i) MTI shall become a Class A Member (as defined in Section 1.12 of the Operating Agreement) in the Company pursuant to the terms of the Operating Agreement; (ii) MTI will receive the Shares; and (iii) the Capital Account of MTI will be credited with such amount set forth beside its name on Exhibit A to the Operating Agreement. Such Class A Membership Interest and Capital Account shall be subject to adjustment as provided under Section 4.7 of the Operating Agreement.
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Sources: Contribution Agreement (Mechanical Technology Inc), Contribution Agreement (Mechanical Technology Inc), Contribution Agreement (Mechanical Technology Inc)