VALAR VLNYURIU Valor Global Fund III LP Capital Call April 18, 2017 Dear Southern Trust Company, Inc., Thank you again for your partnership in Valor Global Fund III LP (the Fund). The Fund is calling capital from you in the amount of $3,000.000.00, which represents 12% of your total commitment of $25,000,000.00. This capital contribution is due on or before Friday May 5, 2017. After this capital contribution, you will have contributed 43% of your total commitment with a remaining 57% of total unfunded commitment, which is detailed below. Total Commitment: Total Contributions as of May 5, 2017: Total Unfunded Commitment: $25,000,000.00 $10,750,000.00 $14,250,000.00 Please wire your funds in accordance with the following instructions: Due Date: Amount Due: Bank Name: ABA#: Beneficiary Name: Beneficiary Account: Friday May 5, 2017 $3,000,000.00 Silicon Valley Bank 121140399 Valor Global Fund III LP 3301520427 If you should have any questions regarding this information, please feel free to contact me at Sincerely, Reuben Kobulnik COO/CFO +1 (646) 559-0458 Valor Ventures LLC 915 Bloodwoy SUNG 1101 New York, New York 10010 www.volor.eom EFTA00608737