VALAR vtrI uoit5 January 16, 2015 Sent Via E-mail Southern Trust Company, Inc. uarter, B3 00802 ndyke Re: Valar Global Fund II LP - Capital Call #1 Dear Limited Partner, Per Section 4.2(a) of the Limited Partnership Agreement of Valar Global Fund II LP (the Fund), we are making a capital call for 1% of the Fund's commitments. The Fund has now called 1% of total commitments: Amount Due: $150,000 Due Date: January 30, 2015 Please wire the requested amount to the Fund's bank account at: Bank Name: Silicon Valley Bank Please do not hesitate to contact me if you have any questions or require further details. Sincerely, Reuben Kobulnik COO/CFO Valor Ventures Management LLC 915 Broadway Suite 1101 New York. New York 10010 www.volar.com EFTA01203276