4. Members Interests

Allocation of Profit and Loss and Cash Distributions

The member interests of the Predecessor are represented by Series A Participating Preferred Units (“Preferred Units”) and Class A Common Units (“Common Units”). As of March 31, 2013 and December 31, 2012, the member interests in the Predecessor are shown below. All profits, losses and cash distributions are allocated based on the percentages as follows:

Preferred Units

On October 10, 2012, the Predecessor made a return of capital to the Preferred Units holders and paid all outstanding accrued distributions which reduced the Preferred Units’ capital and unpaid annual yield to zero. The Preferred Units remain outstanding without a mandatory dividend and are pari passu with the Common Units for future distributions.