Subscription for Interests. (a) Apollo hereby subscribes for interests (the "Class A Interests"), to be issued by the Company for an aggregate subscription price of $40,000,000, to be contributed in cash as provided below. New Valley hereby subscribes for interests (the "Class B Interests"), to be issued by the Company for an aggregate subscription price of $10,000,000, to be contributed in cash and expenditures as set forth in Section 2.4(d). BrookeMil hereby subscribes for interests (the "Class C Interests"), to be issued by the Company for an aggregate subscription price of $61,966,507, to be contributed by transferring to the Russian LLC its interests in Duca▇ ▇▇ and Duca▇ ▇▇▇, to Delaware LLC-2 all of its interest in the Russian LLC, except for a 1% interest, in exchange for promissory notes, and contributing such promissory notes to the Company, as set forth in Section 2.4(e). The Class A Interests, the Class B Interests and the Class C Interests are hereinafter collectively referred to as the "Interests." The subscriptions shall be made as follows:
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Sources: Limited Liability Company Agreement (New Valley Corp), Limited Liability Company Agreement (New Valley Corp)