Limited Reinvestment: Without the consent of the Advisory Board, the General Partner shall not permit the aggregate purchase price of long-term investments to exceed 110% of aggregate Commitments. Distributions: All distributions prior to the dissolution of the Fund will be made at such times and in such amounts as the General Partner shall determine. All such distributions will be apportioned among the Partners as follows: (i) First, 100% to all Partners in proportion to their capital contributions until each Partner has received distributions in an amount equal to such Partner’s capital contributions; and (ii) Thereafter, 20% to the General Partner and 80% to all Partners in proportion to their respective capital contributions. With respect to any fiscal year, the Fund may make cash distributions to the Partners in amounts intended to defray the Partners’ tax liability resulting from their interests in the Fund during such fiscal year. Liquidating distributions will be made in accordance with positive capital account balances. Allocations: The Fund will maintain capital accounts on behalf of each Partner in accordance with U.S. Federal income tax requirements. In general, any cumulative net loss will be allocated to the capital accounts of the Partners in proportion their contributions, and any cumulative net gain will be allocated 20% to the capital account of the General Partner and 80% to the capital accounts of all Partners in proportion to their contributions. Notwithstanding the foregoing, items of expense will be allocated to the Partners in proportion to their contributions and will be offset by subsequent allocations of net profit (to the extent thereof), provided that the General Partner will not be allocated any items of expense attributable to the Management Fee. General Partner Clawback: __ If, after the Fund has made its final liquidating distribution, the General Partner has received aggregate distributions with respect to its “carried interes