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.

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DISCLOSURE: This communication is on behalf of Vauban Technologies Limited ("Carta"). Carta provides formation, administration and related services in the UK to entities regulated by the UK Financial Conduct Authority (FCA), including Alternative Investment Fund Managers (AIFMs), investment firms, and other FCA authorised entities, as well as their appointed representatives acting as agents for FCA-authorised firms or, if permitted, foreign regulated firms with appropriate regulatory oversight.

Carta may engage with such potential clients as such entities are in the process of obtaining required regulatory approvals. However, certain services may be restricted or unavailable until appropriate authorisation is granted. Clients falling into this category will be referred to a law firm or other fiduciaries for certain services, including formation services.

Our services are not available to unregulated entities or individuals. Nothing on this website constitutes an offer, solicitation, or advice to unregulated parties.

This communication is for informational purposes only, and contains general information only. Carta is not, by means of this communication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This publication is not a substitute for such professional advice or services nor should it be used as a basis for any decision or action that may affect your business or interests. Before making any decision or taking any action that may affect your business or interests, you should consult a qualified professional advisor. This communication is not intended as a recommendation, offer, or solicitation for the purchase or sale of any security. Carta does not assume any liability for reliance on the information provided herein.