i. its design, features and use cases [whether or not intended by the Issuer or
relevant developers];

ii. whether there are features which may materially affect First Answer Custody’s compliance with applicable laws, Regulations, Rules or Directives, including but not limited to those relating to AML/CFT, sanctions, securities,
intellectual property;

iii. regulatory treatment by VARA and other appropriate authorities [including those outside of the Emirate], in particular whether the issuance of the VA has received any regulatory approvals;

iv. whether a Virtual Asset is prohibited by VARA or any other appropriate authorities [both inside or outside the UAE] in jurisdictions in which First Answer Custody will provide VA Activities, or equivalent activities, in relation to such Virtual Asset;

v. its future development [e.g. roadmap] as communicated by the Issuer and/or relevant developers;

vi. whether it may be susceptible to price manipulation for any reason and relevant mitigations that will be implemented by First Answer Custody;

vii. whether potential or actual conflicts of interest may arise should First Answer Custody provide any VA Activities in relation to the Virtual Asset and relevant mitigations;

viii. the background of its Issuer including, but not limited to, relevant experience in the Virtual Asset sector and whether it has been subject to any investigations or claims in relation to fraud or deceit;

ix. if the Virtual Asset represents rights to any other assets, the enforceability of such rights;

x. First Answer Custody must maintain all records relevant to such assessments for eight [8] years and provide such records for VARA’s inspection upon request.

xi. First Answer Custody shall notify VARA as soon as possible after becoming aware that a Virtual Asset no longer meets its VA Standards and shall take such steps as VARA may direct to minimize any adverse impact on clients arising as a result.