Common use of Fund Accounting and Financial Administration Clause in Contracts

Fund Accounting and Financial Administration. In addition to the maintenance of the books and records specified above, Service Provider shall perform the following accounting services (monthly, unless expressly provided otherwise) and administrative services all in accordance with the Offering Documents: (a) Calculate the net asset value of the Fund (“Net Asset Value”) and each share (“Shares”) all in accordance with the Fund’s valuation policy and procedures (the “Valuation Policy”), the Fund’s applicable Organic Documents and Offering Documents; allocate profit and loss, income and expenses to investor accounts, if applicable; (b) Verify and reconcile with the Custodian and Investment Advisers, cash balances, investments and trade activity; (c) Compute as appropriate, the Fund’s net income (loss) and capital gains (losses), and monthly and annual return as mutually agreed; (d) Calculate all contractual expenses of the Fund, including calculation of management fees, expense waivers/reimbursements, servicing fees, adviser fees, and performance allocation/fees (if applicable), amortization of organization expenses and offering costs, all in accordance with the Fund’s Offering Documents and if not disclosed therein, based on instructions from Authorized Persons; (e) Post Fund transactions to appropriate general ledger categories; (f) Accrue Fund expenses in accordance with budgets or as otherwise directed by Authorized Persons; (g) Post investor activity and reconcile monthly balances; (h) Monitor and report to the Fund and the Custodian the outstanding receivables and payables for all (A) trades in investments, (B) transactions in Shares, and (C) income and expense accounts; (i) Determine unrealized appreciation and depreciation on securities held (including investments) and account for the amortization of premiums or discounts; (j) Update fund accounting system to reflect rate changes, as received from Bloomberg and other pricing sources, including the Investment Adviser, on variable interest rate instruments; (k) Identify and research corporate actions based on information received from any investment or publicly-distributed information and update fund accounting system to reflect any such actions, including stock splits and reorganizations. (l) After approval by the Investment Adviser of Net Asset Value calculations, distribute Net Asset Values and other performance information as mutually agreed, at least monthly. (m) Prepare and provide monthly, quarterly and annual unaudited statement of assets, liabilities and capital, statement of operations, statement of changes in capital, statement of changes in cash flows and schedule of investments, if requested; (n) Prepare and provide accounting information, as applicable, for registration statements on Form N-2, reports to investors, and other filings related to Interests, and examinations by the SEC or other regulators; (o) In connection with the annual audit and tax filings performed by the Fund’s auditor and tax accountant, provide the auditor and tax accountant with access to the Fund’s books and records and provide the following reports: (i) Working trial balances showing all adjusting entries reconciling to the audited financial statements; (ii) audited financial statements; (iii) lists of transfers between or within funds; and (iv) interest, dividend income, expenses and gain/loss detail. Any modifications requested to the above reports will require additional programming at an additional cost to be mutually agreed; (p) Coordinate and prepare, with the assistance of the Investment Adviser and officers, drafts of communications to investors, including the annual report of the Fund; prepare the drafts of the semi-annual report for the Fund, and, if the Fund is registered under the 1940 Act, file the certified final versions thereof of Form N-CSR; prepare and file the Fund’s Form N-SAR and Form N-Q; (q) Prepare financial materials for Board books, if requested; (r) Assist with regulatory audits and examinations of the Fund, including providing accounting reports of the Fund for such audits and examinations; (s) Calculate total returns of the Fund for dissemination to up to fifteen (15) information services covering the investment company industry; and (t) Process disbursements for the Fund, subject to written authorization from both the Fund and Service Provider in accordance with the established procedures of the Fund for the payment of Fund expenses, which shall include Service Provider reviewing the support provided for each disbursement submitted for payment.

Fund Accounting and Financial Administration. In addition to the maintenance of the books and records specified above, Service Provider Citi shall perform the following accounting services (monthly, unless expressly provided otherwise) and administrative services all in accordance with the Offering Documentsservices: (a1) Calculate the net asset value of the Fund (“Net Asset Value”) and each share or partnership interest, as applicable, (in either case, “SharesInterests”) all in accordance with the Fund’s valuation policy and procedures (the “Valuation Policy”), the Fund’s Agreement of Limited Partnership, Memorandum and Articles of Association, or other applicable Organic Documents governing documents (“Governing Documents”), and Offering Documents; allocate profit and loss, income and expenses loss to investor accounts, if applicable; (b2) Verify and reconcile with the Custodian Fund’s custodian and Investment Advisers, Adviser(s) cash balances, investments Investments and trade activity; (c3) Compute as appropriate, the each Fund’s net income (loss) and capital gains (losses), and monthly and annual return as mutually agreed; (d4) Calculate all contractual expenses of the Fund, including calculation of management fees, expense waivers/reimbursements, servicing fees and Adviser fees, adviser fees, and performance allocation/fees (if applicable), amortization of organization expenses and offering costsorganizational expenses, all in accordance with instructions from authorized officers of the Fund or other persons authorized by the Fund’s Offering Documents and if not disclosed therein, based on instructions from Authorized Persons; (e5) Post Fund transactions to appropriate general ledger categories; (f6) Accrue Fund expenses in accordance with budgets or as otherwise directed by Authorized Personsauthorized officers of the Fund or other persons authorized by the Fund; (g7) Post investor activity and reconcile monthly balances; (h) 8) Monitor and report to the Fund and the Custodian its custodian the outstanding receivables and payables for all (A) trades in investmentsInvestments, (B) transactions in SharesInterests, and (C) income and expense accounts; (i9) Determine unrealized appreciation and depreciation on securities held (including investmentsInvestments) and account for the amortization of premiums or discounts; (j10) Update fund accounting system to reflect rate changes, as received from Bloomberg and other pricing sources, including the Investment Adviser, on variable interest rate instruments;; and (k11) Identify and research corporate actions based on information received from any investment Investment or publicly-distributed information and update fund accounting system to reflect any such actions, including stock splits and reorganizations. (l12) After approval by the Investment Adviser of Net Asset Value calculations, distribute Net Asset Values and other performance information as mutually agreed, at least monthly. (m) Prepare and provide monthly, quarterly and annual unaudited statement of assets, liabilities and capital, statement of operations, statement of changes in capital, statement of changes in cash flows and schedule of investments, if requested; (n13) Provide monthly a hard copy of the pre-programmed reports for unaudited financial statements described below, upon request of the New Funds. The unaudited financial statements will include the following items: (i) Unaudited Statement of Assets and Liabilities, (ii) Unaudited Statement of Operations, and (iii) Unaudited Statement of Changes in Net Assets. Any modifications requested to the above pre-programmed reports will require additional programming at an additional cost to be mutually agreed; (14) Prepare and provide accounting information, as applicable, for registration statements on Form N-2, reports to investors, and other filings related to Interests, and examinations by the SEC or other regulators; (o15) In connection with the annual audit and tax filings performed by the Fund’s auditor and tax accountant, provide the auditor and tax accountant with access to the Fund’s books and records and provide the following pre-programmed reports: (iA) Tax extract for each entity in the Fund; (B) Working trial balances showing all adjusting entries reconciling to the audited financial statements; (iiC) audited financial statements; (iiiD) lists of transfers between or within funds; and (ivE) interest, dividend income, expenses and gain/loss detail. . (16) Any modifications requested to the above pre-programmed reports will require additional programming at an additional cost to be mutually agreed; (p17) Coordinate and prepare, with the assistance of the Investment Adviser and officers, drafts of communications to investors, including the annual report of the Fund; prepare the drafts of the semi-annual report for the Fund, and, if the Fund is registered under the 1940 Act, file the certified final versions thereof of Form N-CSR; prepare and file the Fund’s Form N-SAR and Form N-Q; (q18) Prepare financial materials for Board books, if requested; (r19) Assist with regulatory audits and examinations of the Fund, including providing accounting reports of the Fund for such audits and examinations; (s) Calculate total returns of the Fund for dissemination to up to fifteen (15) information services covering the investment company industry; and (t20) Process disbursements for the Fund, subject to written authorization from both the Fund and Service Provider Citi in accordance with the established procedures of the Fund for the payment of Fund expenses, which shall include Service Provider reviewing the support provided for each disbursement submitted for payment.

Fund Accounting and Financial Administration. In addition to the maintenance of the books and records specified above, Service Provider Citi shall perform the following accounting services (monthly, unless expressly provided otherwise) and administrative services all in accordance with the Offering Documentsservices: (ai) Calculate the net asset value of the Fund (“Net Asset Value”) and each share or partnership interest, as applicable, (in either case, “SharesInterests”) all in accordance with the Fund’s valuation policy and procedures (the “Valuation Policy”), the Fund’s applicable Organic Documents governing documents (“Governing Documents”), and Offering Documents; allocate profit and loss, income and expenses loss to investor accounts, if applicable; (bii) Verify and reconcile with the Custodian Fund’s custodian and Investment Advisersinvestment adviser(s) (together with any sub-advisers, the “Adviser”) cash balances, investments Investments and trade activity; (ciii) Compute as appropriate, the each Fund’s net income (loss) and capital gains (losses), and monthly and annual return as mutually agreed; (div) Calculate all contractual expenses of the Fund, including calculation of management fees, expense waivers/reimbursements, servicing fees, fees and adviser fees, and performance allocation/fees (if applicable), amortization of organization expenses and offering costsorganizational expenses, all in accordance with instructions from authorized officers of the Fund or other persons authorized by the Fund’s Offering Documents and if not disclosed therein, based on instructions from Authorized Persons; (ev) Post Fund transactions to appropriate general ledger categories; (fvi) Accrue Fund expenses in accordance with budgets or as otherwise directed by Authorized Personsauthorized officers of the Fund or other persons authorized by the Fund; (gvii) Post investor activity and reconcile monthly balances; (hviii) Monitor and report to the Fund and the Custodian its custodian the outstanding receivables and payables for all (A) trades in investmentsInvestments, (B) transactions in SharesInterests, and (C) income and expense accounts; (iix) Determine unrealized appreciation and depreciation on securities held (including investmentsInvestments) and account for the amortization of premiums or discounts; (jx) Update fund accounting system to reflect rate changes, as received from Bloomberg and other pricing sources, including the Investment Adviser, on variable interest rate instruments;; and (kxi) Identify and research corporate actions based on information received from any investment Investment or publicly-distributed information and update fund accounting system to reflect any such actions, including stock splits and reorganizations. (lxii) After approval by the Investment Adviser of Net Asset Value calculations, distribute Net Asset Values and other performance information as mutually agreed, at least monthly.; (mxiii) Prepare and provide monthly, quarterly and annual monthly unaudited statement of assets, liabilities and partners' capital, statement of operations, statement of changes in partners’ capital, statement of changes in cash flows and schedule of investments, if requested; (nxiv) Prepare and provide accounting information, as applicable, for registration statements on Form N-2, reports to investors, and other filings related to Interests, and examinations by the SEC or other regulators; (oxv) In connection with the annual audit and tax filings performed by the Fund’s auditor and tax accountant, provide the auditor and tax accountant with access to the Fund’s books and records and provide the following pre-programmed reports: (ia) Tax extract for each entity in the Fund; (b) Working trial balances showing all adjusting entries reconciling to the audited financial statements; (iic) audited financial statements; (iiid) lists of transfers between or within funds; and (ive) interest, dividend income, expenses and gain/loss detail. Any modifications requested to the above pre-programmed reports will require additional programming at an additional cost to be mutually agreed; (pxvi) Coordinate and prepare, with the assistance of the Investment Adviser and officers, drafts of communications to investors, including the annual report of the Fund; prepare the drafts of the semi-annual report for the Fund, and, if the Fund is registered under the 1940 Act, file the certified final versions thereof of Form N-CSR; prepare and file the Fund’s Form N-SAR and Form N-Q; (qxvii) Prepare financial materials for Board books, if requested; (rxviii) Assist with regulatory audits and examinations of the Fund, including providing accounting reports of the Fund for such audits and examinations; (sxix) Calculate total returns of the Fund for dissemination to up to fifteen (15) information services covering the investment company industry; and (txx) Process disbursements for the Fund, subject to written authorization from both the Fund and Service Provider Citi in accordance with the established procedures of the Fund for the payment of Fund expenses, which shall include Service Provider reviewing the support provided for each disbursement submitted for payment.

Fund Accounting and Financial Administration. In addition to the maintenance of the books and records specified above, Service Provider BISYS shall perform the following accounting services (monthly, unless expressly provided otherwise) and administrative services all in accordance with the Offering Documentsservices: (ai) Calculate the net asset value of the Fund (“Net Asset Value”) and each share or partnership interest, as applicable, (in either case, “SharesInterests”) all in accordance with the Fund’s valuation policy and procedures (the “Valuation Policy”), the Fund’s Agreement of Limited Partnership, Memorandum and Articles of Association, or other applicable Organic Documents governing documents (“Governing Documents”), and Offering Documents; allocate profit and loss, income and expenses loss to investor accounts, if applicable; calculate and produce Fund U.S. tax records; (bii) Verify and reconcile with the Custodian Fund’s custodian and Investment Advisersinvestment adviser(s) (together with any sub-advisers, the “Adviser”) cash balances, investments balances and trade activity; (ciii) Compute as appropriate, the each Fund’s net income (loss) and capital gains (losses), 30-day yields and monthly and annual return other yields or performance information as mutually agreed; (div) Calculate all contractual expenses of the Fund, including calculation of management fees, expense waivers/reimbursements, servicing fees, fees and adviser fees, and performance allocation/fees (if applicable), amortization of organization expenses and offering costsorganizational expenses, all in accordance with the Fund’s relevant contracts and the Offering Documents (if applicable); make and if not disclosed thereincontrol all disbursements for the Fund, based subject to review and approval of an officer or other authorized person of the Fund, including administration of director and vendor fees and compensation on instructions from Authorized Personsbehalf of the Fund, and as otherwise appropriate; (ev) Post Fund transactions to appropriate general ledger categories; (fvi) Accrue Fund expenses in accordance with budgets or as otherwise directed by Authorized Personsdirected, submit changes to accruals and expenses to authorized officers of the Fund (other than an officer or employee of BISYS) for review and approval; (gvii) Post investor activity and reconcile monthly balances; (hviii) Monitor and report to the Fund and the Custodian its custodian the outstanding receivables and payables for all (A) trades in investmentssecurity trades, (B) transactions in SharesInterests, and (C) income and expense accounts; (iix) Determine unrealized appreciation and depreciation on securities held (including investmentsInvestments) and account for the amortization of premiums or discounts; (jx) Update fund accounting system to reflect rate changes, as received from Bloomberg and other pricing sources, including the Investment Adviser, on variable interest rate instruments;; and (kxi) Identify and research corporate actions based on information received from any investment Investment or publicly-distributed information and update fund accounting system to reflect any such actions, including stock splits and reorganizations. (lxii) After approval by the Investment Adviser of Net Asset Value calculationscalculations by the Adviser, distribute Net Asset Values and other performance information as mutually agreed, at least monthly.directed by the Fund; (mxiii) Prepare and provide monthly, quarterly and annual monthly unaudited statement of assets, liabilities and partners’ capital, statement of operations, statement of changes in partners’ capital, statement of changes in cash flows and schedule of investments, investments (if requestedapplicable); (nxiv) Prepare and provide accounting information, as applicable, for registration statements on Form N-2, reports to investors, and other filings related to Interests, and examinations by the SEC or other regulators; (oxv) In Prepare, subject to review and approval by the Fund and/or its auditor, and file the Fund’s annual U.S. federal and state income tax returns, provide Forms K-1 (if applicable) prior to April 15th (subject to receipt of relevant tax information regarding Investments by March 31), and tax withholding reports to the Internal Revenue Service; (xvi) Provide accounting reports in connection with the annual audit and tax filings performed by the Fund’s auditor and tax accountant, provide the auditor and tax accountant with access to the Fund’s books and records and provide the following reports: (i) Working trial balances showing all adjusting entries reconciling to the audited financial statementsrecords; (ii) audited financial statements; (iii) lists of transfers between or within funds; and (iv) interest, dividend income, expenses and gain/loss detail. Any modifications requested to the above reports will require additional programming at an additional cost to be mutually agreed; (pxvii) Coordinate and prepare, with the assistance of the Investment Adviser and officers, drafts of communications to investors, including the annual report of the Fund; prepare the drafts of the semi-annual report for the Fund, and, if the Fund is registered under the 1940 Act, file the certified final versions thereof of Form N-CSR; prepare and file the Fund’s Form N-SAR and Form N-Q; (qxviii) Prepare financial materials for Board books, if requested; (rxix) Assist with regulatory audits and examinations of the Fund, including providing accounting reports of the Fund for such audits and examinations; (sxx) Calculate total returns performance data of the Fund for dissemination to up to fifteen three (153) information services covering the investment company industry; and (txxi) Process disbursements for the FundProvide expense budgeting consulting to review expense ratios/fee waivers, subject to written authorization from both the Fund caps and Service Provider in accordance with the established procedures of the Fund for the payment of Fund expenses, which shall include Service Provider reviewing the support provided for each disbursement submitted for paymentrolling reimbursements.

Fund Accounting and Financial Administration. In addition to the maintenance of the books and records specified above, Service Provider Citi shall perform the following accounting services (monthly, unless expressly provided otherwise) and administrative services all in accordance with the Offering Documentsservices: (ai) Calculate the net asset value of the Fund (“Net Asset Value”) and each share or partnership interest, as applicable, (in either case, “SharesInterests”) all in accordance with the Fund’s valuation policy and procedures (the “Valuation Policy”), the Fund’s Agreement of Limited Partnership, Memorandum and Articles of Association, or other applicable Organic Documents governing documents (“Governing Documents”), and Offering Documents; allocate profit and loss, income and expenses loss to investor accounts, if applicable; (bii) Verify and reconcile with the Custodian Fund’s custodian and Investment Advisersinvestment adviser(s) (together with any sub-advisers, the “Adviser”) cash balances, investments Investments and trade activity; (ciii) Compute as appropriate, the each Fund’s net income (loss) and capital gains (losses), and monthly and annual return as mutually agreed; (div) Calculate all contractual expenses of the Fund, including calculation of management fees, expense waivers/reimbursements, servicing fees, fees and adviser fees, and performance allocation/fees (if applicable), amortization of organization expenses and offering costsorganizational expenses, all in accordance with instructions from authorized officers of the Fund or other persons authorized by the Fund’s Offering Documents and if not disclosed therein, based on instructions from Authorized Persons; (ev) Post Fund transactions to appropriate general ledger categories; (fvi) Accrue Fund expenses in accordance with budgets or as otherwise directed by Authorized Personsauthorized officers of the Fund or other persons authorized by the Fund; (gvii) Post investor activity and reconcile monthly balances; (hviii) Monitor and report to the Fund and the Custodian its custodian the outstanding receivables and payables for all (A) trades in investmentsInvestments, (B) transactions in SharesInterests, and (C) income and expense accounts; (iix) Determine unrealized appreciation and depreciation on securities held (including investmentsInvestments) and account for the amortization of premiums or discounts; (jx) Update fund accounting system to reflect rate changes, as received from Bloomberg and other pricing sources, including the Investment Adviser, on variable interest rate instruments;; and (kxi) Identify and research corporate actions based on information received from any investment Investment or publicly-distributed information and update fund accounting system to reflect any such actions, including stock splits and reorganizations. (lxii) After approval by the Investment Adviser of Net Asset Value calculations, distribute Net Asset Values and other performance information as mutually agreed, at least monthly.; (mxiii) Prepare and provide monthly, quarterly and annual monthly unaudited statement of assets, liabilities and partners capital, statement of operations, statement of changes in partners’ capital, statement of changes in cash flows and schedule of investments, if requested; (nxiv) Prepare and provide accounting information, as applicable, for registration statements on Form N-2, reports to investors, and other filings related to Interests, and examinations by the SEC or other regulators; (oxv) In connection with the annual audit and tax filings performed by the Fund’s auditor and tax accountant, provide the auditor and tax accountant with access to the Fund’s books and records and provide the following pre-programmed reports: (ia) Tax extract for each entity in the Fund; (b) Working trial balances showing all adjusting entries reconciling to the audited financial statements; (iic) audited financial statements; (iiid) lists of transfers between or within funds; and (ive) interest, dividend income, expenses and gain/loss detail. Any modifications requested to the above pre-programmed reports will require additional programming at an additional cost to be mutually agreed; (pxvi) Coordinate and prepare, with the assistance of the Investment Adviser and officers, drafts of communications to investors, including the annual report of the Fund; prepare the drafts of the semi-annual report for the Fund, and, if the Fund is registered under the 1940 Act, file the certified final versions thereof of Form N-CSR; prepare and file the Fund’s Form N-SAR and Form N-Q; (qxvii) Prepare financial materials for Board books, if requested; (rxviii) Assist with regulatory audits and examinations of the Fund, including providing accounting reports of the Fund for such audits and examinations; (sxix) Calculate total returns of the Fund for dissemination to up to fifteen (15) information services covering the investment company industry; and (txx) Process disbursements for the Fund, subject to written authorization from both the Fund and Service Provider Citi in accordance with the established procedures of the Fund for the payment of Fund expenses, which shall include Service Provider reviewing the support provided for each disbursement submitted for payment.