each Class B itch an amount equal to the Minimum Quarterly Detnbution for that quarter. and thersailer. in the manner described in '—IDRs' tallow Distnbutions after the Subordination Petted When Ow Subordrotion Perod ends. eaCh Outstanding Class Buret will Olen participate pro rats with the Class A rods an

ary of the redeemable noncontrolling interest activity during the periods presented: On millions) 2015 2014 Balance as of January I. $ 70 $ 69 Distnbutions (18) (18) Share of income 18 17 Adjustment to redemption value of redeemable noncontrolling interest 8 2 Balance as of June 30, $ 78 $ 70

t opportunities on attractive terms. or at all. Contingent liabilities associated with Investment fund Interests acquired In secondary transactions. Distnbutions received by the seller from the relevant private equity fund may subsequently be recalled and the Fund. as purchaser of the interest to which such d

vestment Fund, LP. - CRT Series $12,052,327 Pk:~ rote: The total value do“ rot taka• into cortuderation the cd the Hesent Value of Future MB2 [rut Distnbutions Confidential MorganStanley SmithBarney 129 EFTA00283581 USN Charitable Remainder Unitrust Balance Sheet - As of December 31, 2012 Current Va