EFTA00810357.pdf

VALAR Vt.NTulttU 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: $25,000,000.00 Total Contributions as of May 5, 2017: $10,750,000.00 Total Unfunded Commitment: $14,250,000.00 Please wire your funds in accordance with the following instructions: Due Date: Friday May 5, 2017 Amount Due: $3,000,000.00 Bank Name: Silicon Valley Bank ABA#: Beneficiary Name: Valor Global Fund III LP Beneficiary Account: If you should have any questions regarding this information, please feel free to contact me at Sincerely, Reuben Kobulnik COO/CFO Valor Ventures LLC 919 Broadway SUiiS 1101 New York, New York 10010 www.volor.com EFTA00810357