$23,789,905 Return of Equity A & B ($7,800,000) Developers Fee ($225,000) Net Profit $15,764,905 Profit to Equity A & B - (75%) ($7,400,000) 1" Distribution to Advance Star - (25%) ($2,466,667) Subtotal of Distributable Cash $5,898,238 Additional Profit to Equity A ($1.4MM) ($1,400,000) t d Distribution to Advance Star