### Standard Scope of Services: SPVs (UAE)

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| --- | --- | --- |
| ##### Service | ##### Carta responsibilities | ##### Client responsibilities |
| **Maintain accounting books and records** | Annual maintenance and update schedule of investments on Carta platform<br>- One capital call upfront (all expenses must be budgeted for upfront).<br>  <br>- Annual financial package sent to LPs | Provide Carta with:<br>- Fully executed operating agreement<br>  <br>- Subscription packets<br>  <br>- Side letters (if applicable)<br>  <br>- Investor W-8s/W-9s(FATCA forms), CRS self-cert forms and up-to-date contact information |
| Valuations updated at year-end | Provide Carta with:<br>- Provide accrual adjustments<br>  <br>- Prices per share and/or ending valuation of ownership for updated valuation numbers at least 10 business days prior to reporting deadline. |
|  | Provide documentation to support transactions and valuations |
|  | Completion for dissolution of the business at end of life of the applicable entities |
|  |
| **Banking and payment of expenses** | Annual cash reconciliation | Provide read-only access to fund’s bank account with the ability to set up wires (bank must have two-step authorization capability and account must be in fund’s name) |
| One-off invoice payment (upfront) | Client to provide invoices any other supporting documents (if applicable) |
|  |
| **IFRS financial reporting** | **External unaudited financial reporting package distributed annually to investors via the Carta platform:** |  |
| Balance Sheet | Provide fund newsletter, if applicable |
| Statement of Operations |  |
| Schedule of Investments |  |
| Client-provided fund newsletter, posted on Carta platform |  |
|  |
| **Capital calls** | **Single capital call upfront**(all expenses must be budgeted for upfront).<br>Lead time for Capital call requests is T+1. All requests to be received prior to 2pm Singapore Time and it will be initiated the next business day | Provide dollar amount to be called |
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| **Liquidation distributions - Cash** | **Single Distribution** \- Perform waterfall calculations in accordance with the operating agreement | Provide dollar amount to be distributed and provide final sign-off on calculations<br>**_5 business day notice required for distribution requests._** |
| Work with investors to confirm wire instructions (ie investors will be updating their bank wire details on Carta’s platform) | Additional follow-up with investors to confirm wire instructions beyond two attempts |
| Draft and publish letters through Carta platform |  |
| Set up wires in bank account (T+2 from the date where all investors and GP have confirmed the bank wire details for disbursement of distribution) |  |
|  |
| **Maintain investor info on the Carta platform** | Contact preferences to be maintained on Carta platform upon request; Investors can also update their own information through the Carta platform<br>Review of KYC related documents as part of the investor acceptance process (if applicable) | Provide AML/KYC documents collected from investors |