spv distributions

Scope of Services: SPV Distributions

Carta can assist with the following additional Administration Services, subject to additional fees:

• Cash distribution
• Stock distribution

Please take note of the client deliverables and related timelines outlined below, as they will impact service and turnaround by the Carta team. We look forward to your continued partnership.

1. Cash Distributions

Carta will:

• Perform waterfall calculations in accordance with the SPV’s operating agreements
• Send notifications to investors to update their wire instructions on the Carta platform¹
• Complete and coordinate potential distributions
• Set up distribution wires in the SPV bank account, as approved

You will:²

• Provide amounts to be distributed and final sign-off on calculations*
• Follow-up with investors to confirm wire instructions beyond two failed attempts

* 10 business days notice required for distribution calculation requests. After receiving your final approval, Carta will process payments to investors within 14 business days.

2. Stock Distributions

Carta will:

• Perform waterfall calculations in accord with the operating agreements
• Provide allocation of shares to your third-party brokerages to facilitate distributions

You will:²

• Provide number of shares to be distributed and final sign-off on calculations*
• Collect instructions from investors and coordinate with your selected third-party brokerage firm
• Open a brokerage account for the SPV, where required

* 10 business days notice required for distribution requests. After receiving your final approval, Carta will draft and publish distribution notices on the Carta platform within 3 business days.

To discuss any services that are outside of the scope addressed above, please talk to your Carta representative.

¹The Carta platform means the online dashboard(s) made available to you by us and its/their related digital applications.

²Additional documentation or information may be required as circumstances warrant.

³Subject to Carta’s AML/KYC requirements and any requirements from the relevant banking partner.