ly the value of the Policy Assets and excludes the value of USN Aviation and related debt. Cambridge Entities consists of MZ Burnside Holdings, LP., MZ Longstreet Holdings, LP, and MZ Meade Holdings, L.P. MorganStanley SmithBarney I° EFTA00283462 Mortimer B. Zuckerman and Related Entities Consolidated Statement o

e value of the Policy Assets and excludes the value of USN Aviation and related debt. III Cambridge Entities consists of MZ Burnside Holdings, LP., MZ Longstreet Holdings, L.P., and MZ Meade Holdings, LP. MorganStanley SmithBarney 10 EFTA00284352 Mortimer B. Zuckerman and Related Entities Consolidated Statement

n Vested) 515,924,372 BXP (Non Vested) $261,408 BXP (OPU's) $619,043,282 BXP (Vested Options) 587,136 MZ Burnside Holdings, L.P. $2,352,950 MZ Longstreet Holdings, L.P. $1,304,461 MZ Meade Holdings, L.P. $971,399 Other Investment Assets $136,155,963 Present Value of Future MBZ Crut Distributions $136,155