EFTA00810285.pdf

651118 Schedule K-1 ■ El Amended K-1 OMB No. 1545.0123 (Form 1065) M18 Part III Partner's Share of Current Year Income, Deductions. Credits and Other items Department of the Treasury 1 Ordinary business income (loss) 15 Credits Internal Revenue Service For calendar year 2018, a tax year beginning along 2 Net rental real estate income (ass) Partner's Share of Income, Deductions, 3 Other net rental mono (loss) 16 Foreign transactions Credits, etc. ► See back of form and separate Instructions. Part I Information About the Partnership Guaranteed payments A Partnership's employer identification number 5 Interest income B Partneshp's name. address. dry. state. and 2IP code 4,431. Sa Ordinary divdends VALAR GLOBAL FUND II LP 6b Qualified dividends 915 BROADWAY, SUITE 1101 NEW YORK, NY 10010 6c Dividend equivalents C IRS Center where partnership Ned return EFI LE 7 Royalties O 1- 1 Check if this Is a publicly traded pannershp (PTP) S Net short-term capital gain (loss) 17 Nieman* minimum UM (AMT) Items Part II Information About the Partner E Partners identifying number 14 9a Net long-term capital gain (loss) * -1,434,504. F Partners name, address. ply. state. and 2IP code 9b Collectibles (28%) gain (loss) 9c Unrecaptured section 1250 gain 18 Tax-exempt Income and nondeductible expenses SOUTHERN TRUST COMPANY, INC. 6100 RED HOOK QUARTER, B3 10 Net section 1231 gain (loss) ST. THOMAS, VI 00802 G Lj General partner or LLC member-manager usi Umited partner«. other LLC member 11 Other income (loss) • Domestic partner Foreign partner It What type of entity is the partner? S CORPORATION 19 Distributions 12 If this partner is a retirement plan (IRASEPiKeogIVetc.). check here Partners share of profit loss. and capital (see instructions): o Beginning Ening 12 Section 179 deduction Profs 21.050907 % 21.052781 20 Other information Loss 21.050907 21.052781 13 Other deductions Capital 21.030678 21.050678 W* STMT A 4 431. K Partners snare of liabilities: Beginning Ending B 414,585. Nonrecourse $ enumailipm eg nonrecourses $ 10 Selt'employment earnings (loss) Recourse $ L Partners capital account analysis: Beginning capital account 13,194,855. Capital contributed during the year $ 300,000 . 'See attached statement for additional information. Current year increase (decrease) $ —1, 844, 658. Withdrawals 8 distributions . . . $ ( For IRS Use Only Ending tetanal account 11,650,197. Tax basis ❑ GAAP DI Section 700(0) book Other (explain) IA Did the partner contnbute property with a built-in gain or loss? Eyes EN. If "Yes.' attach statement (see instructions) For Paperwork Reduction Act Notice, see Instructions for Form 1065. wvntir .gov/Formt065 Schedule K-1 (Form 10602018 SA $P1200 1.000 4638KC 700W EFTA00810285 Schedule K. (Form 1065) 2018 PARTNER # 14 SOUTHERN TRUST COMPANY, INC. Page 2 This list Identifies the codes used on Schedule K-1 for all partners and provides summarized reporting information for partners who file Form 1000. For detailed reporting and filing Information, see the separate Partners Instructions for Schedule K-1 and the Instructions for your Income tax return. 1. Ordinary business Income (loss). Determine witether the income (loss) is Cado Report on passive or nonpassive and enter on your return as lams. J Work opportunity credit Report on K Disabled access credit Passive loss See the Partners Instructions L Empowerment zone employment credit Passive income Schedule E. Me 28. column (h) IA Credit la increasing research activities See the Partners Instructions Nonpassive loss See the Partners Instructions Nonpassrve income Schedule E. Me 28. column (k) N Credit la employer social secunty and Medicare taxes 2. Net rental real estate Income (loss) See the Partners Instructions O Backup withhdding 3. Other net rental Income (loss) Net income P Other crews Schedule E. Me 28. column (h) Net loss See the Partners Instructions 16. Foreign transactions 0. Guaranteed payments Schedule E. Me 28. column (k) A Name of country or U.S. 5. Interest Income Form 1040. Ine2b possession Form 1116. Pan I 6a. Ordinary dividends Form 1040. Ine3b B Gross income from all sources 6b. Oualifled dividends Form 1040. line 3a C Gross Income sourced al puma lapel 6c. Dividend equivalents See the Partners Instructions Foreign gross income sourced et peRnersh0 level 7. Royalties Schedule E. line 4 O Section 951A category 8. Net short-term capital gain (loss) Schedule D. line 5 E Foreign branch category Form 1116. Pan I 9a. Net long-term capital gain (loss) Schedule D. line 12 F Passive category 9b. Collectibles (28%) gain (loss) 28% RateGan Worksheet. line 4 O General category (Schedule D instructions) H Other 9c. Unrecaptured section 1250 gain See the Partners Instructions Deductions allocated and apportioned at partner level 10. Net section 1231 gain (loss) See the Partners Instructions I Interest expense Form 1116. Pan I 11. Other Income (loss) J Other Form 1116. Pat I Code Deductions allocated and apportioned et partnersh#3 level to foreign source income A Other portfolio income (loss) See the Partners Instructions K Section 951A category B Involuntary conversions See the Partners Instructions C Sec. 1256 contracts 8 straddles Form 6781. line 1 L Foreign branch category O Mining exploration costs recapture See Pit 535 PA PassMs category Form 1116. Pat I E Cancellation ol debt Schedule 1 (Form 1000). line 21 or N General category Form 982 O Other F Section 951A income Other infoation O Section 965(a) leCluSKal P Total foreign taxes paid Form 1116. Pan II H Subpart F income ether than See the Partners Instructions 0 Total foreign taxes accrued Form 1116. Pan II sections 951A and 965 inclusion R Reduction in taxes available for craft Form 1116. line 12 I Other ncome (less) S Foreign trading gross receipts Form 8873 12. Section 179 deduction See the Partner's Instructions T Extraterritorial ncome exclusion Form 8873 13. Other deductions U Section 951A(c)(1)(A) tested income A Cash contnbutions (60%) V Tested foreign income tax W Section 965 information See the Partners Instrucbons B Cash contnbutions (30%) C Noncash contnbutions (50%) X Other foreign transactions 0 Noncash contnbutions (30%) See the Partners 17. Alternative minimum tax (AMT) hems E Capital gain property to a 50% Instructions A Post-1986 deprecation adjustment organization (30%) 8 Adjusted gain or loss See the Partners F Capital gain property (20%) C Depletion (other than oil 8 gas) Instructions and 0 Contributions (100%) D Oct. gas. 8 geothermal gross income the Instructions tar H Investment Interest expense Form 4952. line E Oil. gas. 8 geothermal - deductions Form 6251 I Deductions royally income Schedule E. line 19 F Other AMT tams J Section 59(0(2) expenditures See the Partners Instructions 18. Tax-exempt Income and nondeductible e pauses K Excess business nterest expense See the Partners Instructions A Tax-exempt interest income Form 1040. Me 2a L Deductions portfolio (other) Schedule A. Me 16 B Other tax-exempt ncome See the Partners Instrucbons IA Amounts paid to medical insurance Schedule A. line 1 or Schedule C Nondeductible expenses See the Partners Instrucbons (Form 1040). Ire 29 19. Distributions N Educational assistance benefits See the Partners Instructions A Cash and marketable securities O Dependent care benefits Form 2441. line 12 B Distribution subject to section 737 See the Partner's Instructions P Preproductive period expenses See the Partners Instructions C Other property 0 Commercial revitalization deduction 20. Other Information from rental real estate ettnnies See Form 8582 instructions A Investment income Form 4952. Me 0a R Pensions and IRAs See the Partners Instructions B Investment expenses Form 4952. Me 5 S Reforestation expense deduction See the Partners Instructions C Fuel tax credit information Form 4136 T through V Reserved for future use D Qualified rehabilitation expenditures See the Partners Instructions W Other deductions See the Partner's Instructions (other than rental real estate) X Section 965(c) deduction E Basis ol energy property See the Partners Instructions F Recapture of low-income housing Form 8611. Me 8 10. Sell-employment earnings (loss) credit (section 420)(5)) Note: If you have a section 179 deduction or any partner-level deductions. see the 0 Recapture of low-income housing Form 8611. Me 8 Partners Instructions before completing Schedule SE. credit (other) A Net earrings (loss) from H Recapture of investment credit See Form 4255 sell-employment Schedule SE. Seaton A or B I Recapture of other creeks See the Partners Instructions B Gross farming or fishing income See the Partners Instructions J Look-track interest completed See Form 8697 C Gross non-farm income See the Partners Instructions long-term contracts 15. Credits K Look-back interest - Income forecast See Form 8866 A Low-income housing credit (section method 420)(5)) from pre-2008 buildings L Dispositions of property with section 179 deductions B Low-income housing credit PA Recapture of section 179 deduction (other) from pre-2008 buildings N Interest expense for corporate C Low-Income housing credit (section partners 020)(6)) from post-2007 buildings 0 through Y O Low-Income housing credit (other) See the Partners Instructions 2 Section 199A income See the Partners from post-2007 butdngs AA Section 199A W-2 wages E Qualified rehabilitation Instructions AB Section 199A unadanted basis expenditures (rental real estate) AC Section 199A REIT dividends F Other rental real estate cream AD Section 199A PTP income O Other rental credits PE Excess taxable income H Undistnbuted capital gains credit Schedule 5 (Form 1040), line 74. box a AF Excess business interest income I Biofuel producer credit See the Partners Instructions AO Gross receipts for section 59A(e) JSA AH Other information 8PI303 1.000 4638KC 700W EFTA00810286  VALAR GLOBAL FUND II LP SCH K-1 SUPPORTING SCHEDULES PARTNER # 14 SOUTHERN TRUST COMPANY, INC. ITEM L - CAPITAL CONTRIBUTIONS CASH CONTRIBUTIONS 300,000. TOTAL CAPITAL CONTRIBUTIONS 300,000. LINE 9 - NET LONG-TERM CAPITAL GAIN(LOSS) LINE 9B LINE 9A 28% GAIN(LOSS) TOTAL FROM PORTFOLIO ACTIVITIES -1,434,504. TOTAL NET LONG-TERM CAPITAL GAIN(LOSS) -1,434,504. LINE 13 - OTHER DEDUCTIONS W OTHER DEDUCTIONS OTHER DEDUCTIONS INCLUDED IN ITEM L, CURRENT YEAR INCREASE (DECREASE) MANAGEMENT FEES 367,717. PORTFOLIO DEDUCTIONS - OTHER 46,868. TOTAL BOX W 414,585. PARTNER FOOTNOTES ASSOCIATED W/SCH. K-1, LINE 20 INFORMATION FOR FORM 8886, REPORTABLE TRANSACTION DISCLOSURE STATEMENT: IN THE NORMAL COURSE OF INVESTMENT ACTIVITY, THE PARTNERSHIP SOLD ITS INVESTMENT IN OPPA, LTD A IRC SECTION 165 LOSS. PARTNERSHIPS ARE REQUIRED TO FILE FORM 8886, REPORTABLE TRANSACTION DISCLOSURE STATEMENT, IN TRANSACTIONS WHICH IRC SECTION 165 LOSSES EXCEED $2 MILLION. ALTHOUGH THE PARTNERSHIP DID NOT MEET THIS THRESHOLD, AS DEFINED IN TREAS. REG. SECTION 1.6011-4(B)(5)(I)(C), WE ARE PROVIDING YOUR ALLOCABLE SHARE OF THIS IRC SECTION 165 LOSS. YOU MAY HAVE ADDITIONAL LOSS ALLOCATED FROM RELATED VALAR ENTITIES AS PART OF THE SAME TRANSACTION. PER TREAS. REG. SECTION 1.6011-4(B) (5)(I)(A)-(D), PARTNERS OTHER THAN CORPORATIONS GENERALLY ARE REQUIRED TO FILE FORM 8886, REPORTABLE TRANSACTION DISCLOSURE STATEMENT, FOR ANY IRC SECTION 165 LOSS OF AT LEAST $2 MILLION IN ANY SINGLE TAXABLE YEAR. PLEASE CONSULT YOUR TAX ADVISIOR IN DETERMINING WHETHER YOU ARE REQUIRED TO FILE FORM 8886. INFORMATION FOR FORM 8886 IS AVAILABLE UPON REQUEST. YOUR ALLOCABLE SHARE OF THE ABOVE IRC SECTION 165 LOSS FROM THE PARTNERSHIP IS: -403,870. STATEMENT 1 SP9OCO 1.000 4638KC 700W EFTA00810287  VALAR GLOBAL FUND II LP SCH K-1 SUPPORTING SCHEDULES PARTNER II 14 SOUTHERN TRUST COMPANY, INC. PARTNER FOOTNOTES LINE 13W-OTHER DEDUCTIONS: THESE EXPENSES ARE PORTFOLIO DEDUCTIONS FORMERLY REPORTED ON BOX 13K AS 2% PORTFOLIO DEDUCTIONS THAT ARE NON-DEDUCTIBLE FOR CERTAIN TAXPAYERS, INCLUDING INDIVIDUALS, AND WOULD REDUCE YOUR TAX BASIS IN THE PARTNERSHIP. PLEASE CONSULT YOUR TAX ADVISOR. ITEM L: YOU SHOULD CONSULT YOUR TAX ADVISOR TO DETERMINE YOUR TAX BASIS IN YOUR PARTNERSHIP INTEREST. YOU SHOULD DETERMINE WHETHER LOSSES OR EXPENSES APPEARING ON YOUR K-1 ARE SUBJECT TO SUSPENSION AND WHETHER THERE ARE OTHER LIMITATIONS OR ISSUES THAT MAY ARISE BY VIRTUE OF YOUR TAX BASIS IN YOUR PARTNERSHIP INTEREST OR FOR OTHER REASONS. CAPITAL ACCOUNT RECONCILIATION: THE PARTNERSHIP MAINTAINS CAPITAL ACCOUNT IN ACCORDANCE WITH SECTION 704(B) AND REPORTS THESE BALANCES ON SCHEDULE K-1. FOR FINANCIAL PURPOSES, THE PARTNERSHIP MAINTAINS CAPITAL ACCOUNTS IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP). UBTI FOOTNOTE: TAX-EXEMPT PARTNERS ARE ADVISED THAT THE PARTNERSHIP IS NOT REPORTING UNRELATED BUSINESS TAXABLE INCOME ("UBTI") DURING THE 2018 TAXABLE YEAR BASED ON INFORMATION AVAILABLE TO THE PARTNERSHIP. EFFECTIVELY CONNECTED INCOME (ECI): THE PARTNERSHIP IS NOT REPORTING EFFECTIVELY CONNECTED INCOME ("ECI") DURING THE 2018 TAXABLE YEAR BASED ON INFORMATION AVAILABLE TO THE PARTNERSHIP. ITEM J: PARTNER PERCENTAGES REFLECTED IN ITEM J ARE CALCULATED PURSUANT TO IRS INSTRUCTIONS, AND MAY VARY FROM PERCENTAGES UNDER THE PARTNERSHIP AGREEMENT. SECTION 199A AND SECTION 163(J): THIS PARTNERSHIP IS NOT ENGAGED IN A TRADE OR BUSINESS AS DEFINED UNDER I.R.C. SEC. 162. ADDITIONALLY, THIS PARTNERSHIP IS NOT INVESTED IN A FLOW-THROUGH ENTITY WITH ITEMS NECESSARY FOR ITS PARTNER'S CALCULATION OF EITHER SEC. 199A OR SEC. 163(J). THEREFORE, SEC. 199A IS NOT APPLICABLE. THE PARTNERSHIP DOES NOT HAVE ANY INTEREST EXPENSE ALLOCABLE TO A TRADE OR BUSINESS, THUS IT IS NOT SUBJECT TO INTEREST EXPENSE LIMITATIONS UNDERS SEC. 163(J). PLEASE CONSULT YOUR TAX ADVISOR. CONTINUED ON NEXT PAGE STATEMENT 2 $P9003 1.003 4638KC 700W EFTA00810288  VALAR GLOBAL FUND II LP SCH K-1 SUPPORTING SCHEDULES PARTNER II 14 SOUTHERN TRUST COMPANY, INC. PARTNER FOOTNOTES (CONT'D) SCH K-1 SUPPORTING SCHEDULES FORM 8621 INFORMATION IF APPLICABLE, VALAR GLOBAL FUND II LP HAS MADE TIMELY QUALIFIED ELECTING FUND ("QEF") ELECTION(S) WITH RESPECT TO ITS INVESTMENTS IN UNDERLYING PASSIVE FOREIGN INVESTMENT COMPANIES ("PFIC"), EFFECTIVE FOR EACH YEAR OF OWNERSHIP, AND HAS FILED THE REQUIRED FORMS 8621 FOR ALL YEARS OF OWNERSHIP. THE DIRECT US SHAREHOLDER THAT HAS MADE A QEF ELECTION FOR A PFIC IS REQUIRED TO INCLUDE INCOME CURRENTLY UNDER IRC SECTION 1293, AND TO FILE FORM 8621. AS A PARTNER THAT HAS INVESTED IN A US PARTNERSHIP THAT HAS MADE THE QEF ELECTION AND FILED FORM 8621 (IF APPLICABLE), YOUR ALLOCABLE SHARE OF THIS INCOME IS NOT REQUIRED TO BE FURTHER REPORTED ON AN ADDITIONAL FORM 8621. THE SERVICE HAS REVISED THE INSTRUCTIONS FOR FORM 8621 TO FORMALLY CLARIFY THAT NO ADDITIONAL FORM 8621 REPORTING IS NECESSARY UNDER THESE FACTS. PLEASE CONSULT YOUR TAX ADVISOR. DETRUN VALAR GLOBAL FUND II LP SCH K-1 SUPPORTING SCHEDULES FORM 8938 INFORMATION IN 2018, INDIVIDUALS AND CERTAIN DOMESTIC ENTITIES ARE REQUIRED TO REPORT THEIR DIRECT OR INDIRECT INVESTMENTS ON FORM 8938 IF A CERTAIN THRESHOLD IS MET. IF YOUR INTERESTS IN THE BELOW FOREIGN ENTITIES ARE ONLY THROUGH YOUR OWNERSHIP IN VALAR GLOBAL FUND II LP, YOU DO NOT NEED TO INCLUDE THESE ENTITIES ON FORM 8938. HOWEVER, IF YOU HAVE ANY OTHER DIRECT OR INDIRECT INVESTMENTS IN THE FOREIGN ENTITIES NOTED BELOW, PLEASE CONSULT YOUR TAX ADVISOR TO DETERMINE YOUR FILING REQUIREMENTS. THE VALUE PROVIDED REPRESENTS THE VALUE OF THE ASSETS HELD BY VALAR GLOBAL FUND II LP. YOU MUST DETERMINE YOUR PRO RATA SHARE ACCORDINGLY. BREATHER PRODUCTS INC. DESCRIPTION OF ASSET: STOCK FEIN: FOREIGNUS ASSET ACQUIRED DURING THE YEAR: NO ASSET DISPOSED DURING THE YEAR: NO MAXIMUM VALUE OF ASSET DURING TAX YEAR: $28,746,321 TYPE OF FOREIGN ENTITY: CORPORATION MAILING ADDRESS: 5605 AVENUE DE GASPE, SUITE 610 MONTREAL, QC, H2T 2A4 CANADA EDEN, LTD. (AKA DINDA) DESCRIPTION OF ASSET: PARTNERSHIP INTEREST FEIN: FOREIGNUS ASSET ACQUIRED DURING THE YEAR: NO CONTINUED ON NEXT PAGE STATEMENT 3 IIP9OCO 1.000 4638KC 700W EFTA00810289  VALAR GLOBAL FUND II LP SCH K-1 SUPPORTING SCHEDULES PARTNER II 14 SOUTHERN TRUST COMPANY, INC. PARTNER FOOTNOTES (CONT'D) ASSET DISPOSED DURING THE YEAR: NO MAXIMUM VALUE OF ASSET DURING TAX YEAR: $704,361 TYPE OF FOREIGN ENTITY: PARTNERSHIP MAILING ADDRESS: C/O CAMPBELL CORPORATE SVC LTD SCOTIA CENTRE, P.O. BOX 268 GRAND CAYMAN CJ KY1-1104 CAYMAN ISLANDS EDEN, LTD. (AKA DINDA) DESCRIPTION OF ASSET: CONVERTIBLE NOTE FEIN: FOREIGNUS ASSET ACQUIRED DURING THE YEAR: NO ASSET DISPOSED DURING THE YEAR: NO MAXIMUM VALUE OF ASSET DURING TAX YEAR: $195,103 TYPE OF FOREIGN ENTITY: PARTNERSHIP MAILING ADDRESS: C/O CAMPBELL CORPORATE SVC LTD SCOTIA CENTRE, P.O. BOX 268 GRAND CAYMAN CJ KY1-1104 CAYMAN ISLANDS EYE EM LIMITED DESCRIPTION OF ASSET: STOCK FEIN: FOREIGNUS ASSET ACQUIRED DURING THE YEAR: NO ASSET DISPOSED DURING THE YEAR: YES 4/9/2018 MAXIMUM VALUE OF ASSET DURING TAX YEAR: $173,819 TYPE OF FOREIGN ENTITY: CORPORATION MAILING ADDRESS: 69 GREAT HAMPTON STREET, BIRMINGHAM, B18 6EW UK GRANIFY INC. DESCRIPTION OF ASSET: STOCK FEIN: FOREIGNUS ASSET ACQUIRED DURING THE YEAR: NO ASSET DISPOSED DURING THE YEAR: NO MAXIMUM VALUE OF ASSET DURING TAX YEAR: $3,782,163 TYPE OF FOREIGN ENTITY: CORPORATION MAILING ADDRESS: 10130-103 ST NW, SUITE 2100, EDMONTON, ALBERTA, T5J 3N9 CANADA GRANIFY INC. DESCRIPTION OF ASSET: CONVERTIBLE NOTE FEIN: FOREIGNUS ASSET ACQUIRED DURING THE YEAR: NO ASSET DISPOSED DURING THE YEAR: NO MAXIMUM VALUE OF ASSET DURING TAX YEAR: $489,600 TYPE OF FOREIGN ENTITY: CORPORATION MAILING ADDRESS: 10130-103 ST NW, SUITE 2100, EDMONTON, ALBERTA, CONTINUED ON NEXT PAGE STATEMENT 4 9P9000 1.000 4638KC 700W EFTA00810290  VALAR GLOBAL FUND II LP SCH K-1 SUPPORTING SCHEDULES PARTNER II 14 SOUTHERN TRUST COMPANY, INC. PARTNER FOOTNOTES (CONT'D) T5J 3N9 CANADA N26 GMBH DESCRIPTION OF ASSET: STOCK FEIN: FOREIGNUS ASSET ACQUIRED DURING THE YEAR: NO ASSET DISPOSED DURING THE YEAR: NO MAXIMUM VALUE OF ASSET DURING TAX YEAR: $165,487,274 TYPE OF FOREIGN ENTITY: CORPORATION MAILING ADDRESS: KLOSTERSTRABE 62 10179 BERLIN, GERMANY OPPA, LTD. DESCRIPTION OF ASSET: PARTNERSHIP INTEREST FEIN: 98-1022690 ASSET ACQUIRED DURING THE YEAR: NO ASSET DISPOSED DURING THE YEAR: YES 2/8/2018 MAXIMUM VALUE OF ASSET DURING TAX YEAR: $3 TYPE OF FOREIGN ENTITY: PARTNERSHIP MAILING ADDRESS: C/O CAMPBELL CORPORATE SVC LTD SCOTIA CENTRE, P.O. BOX 268 GRAND CAYMAN CJ KY1-1104 CAYMAN ISLANDS OPPA, LTD. DESCRIPTION OF ASSET: CONVERTIBLE NOTE FEIN: 98-1022690 ASSET ACQUIRED DURING THE YEAR: NO ASSET DISPOSED DURING THE YEAR: YES 2/8/2018 MAXIMUM VALUE OF ASSET DURING TAX YEAR: $1 TYPE OF FOREIGN ENTITY: PARTNERSHIP MAILING ADDRESS: C/O CAMPBELL CORPORATE SVC LTD SCOTIA CENTRE, P.O. BOX 268 GRAND CAYMAN CJ KY1-1104 CAYMAN ISLANDS VEND LIMITED DESCRIPTION OF ASSET: STOCK FEIN: FOREIGNUS ASSET ACQUIRED DURING THE YEAR: NO ASSET DISPOSED DURING THE YEAR: NO MAXIMUM VALUE OF ASSET DURING TAX YEAR: $1,702,344 TYPE OF FOREIGN ENTITY: CORPORATION MAILING ADDRESS: 2 NUFFIELD ST NEWMARKET, AUCKLAND 1023 NEW ZEALAND DEPOSIT SOLUTIONS GMBH DESCRIPTION OF ASSET: STOCK FEIN: FOREIGNUS CONTINUED ON NEXT PAGE STATEMENT 5 SP9003 1.000 4638KC 700W EFTA00810291  VALAR GLOBAL FUND II LP SCH K-1 SUPPORTING SCHEDULES PARTNER 11 14 SOUTHERN TRUST COMPANY, INC. PARTNER FOOTNOTES (CONT'D) ASSET ACQUIRED DURING THE YEAR: NO ASSET DISPOSED DURING THE YEAR: YES 10/3/2018 MAXIMUM VALUE OF ASSET DURING TAX YEAR: $3,416,589 TYPE OF FOREIGN ENTITY: CORPORATION MAILING ADDRESS: ZIRKUSWEG 1, 20359 HAMBURG, GERMANY FORM 5471 INFORMATION DURING 2018, VALAR GLOBAL FUND II LP ("THE FUND") INDIRECTLY DISPOSED OF STOCK IN A CONTROLLED FOREIGN CORPORATION ("CFC") AND CEASED TO BE A 10% U.S. SHAREHOLDER. THE FUND WILL FILE FORM 5471 "INFORMATION RETURN OF U.S. PERSONS WITH RESPECT TO CERTAIN FOREIGN CORPORATIONS" TO FULFILL ITS FILING RESPONSIBILITY. PLEASE CONSULT YOUR TAX ADVISOR TO DETERMINE YOUR FILING REQUIREMENT WITH REGARD TO THIS FOREIGN CORPORATION. A COPY OF EACH FILING IS AVAILABLE UPON YOUR REQUEST. FOREIGN CORPORATION OPPA DESIGN LTDA. MAILING ADDRESS RUA ASPICUELTA, 153-PINHEIROS SAO PAULO, SP 05433-010 BRAZIL VALAR GLOBAL FUND II LP'S INTEREST BEGINNING 25.307% ENDING 0.000% FORM 5471 INFORMATION DURING 2018, VALAR GLOBAL FUND II LP ("THE FUND") WAS A 10% US SHAREHOLDER OF A FOREIGN CORPORATION, BREATHER PRODUCTS INC. AS A RESULT OF TAX LAW CHANGES BROUGHT ABOUT BY THE TAX CUTS AND JOBS ACT OF 2017, CERTAIN FOREIGN SUBSIDIARIES OF BREATHER PRODUCTS INC. ("THE ENTITIES") MAY POTENTIALLY BE CONSIDERED TO BE CONTROLLED FOREIGN CORPORATIONS ("CFCS"), RESULTING IN A 5471 FILING REQUIREMENT. IF APPLICABLE, THE FUND WILL FILE FORM 5471 "INFORMATION RETURN OF U.S. PERSONS WITH RESPECT TO CERTAIN FOREIGN CORPORATIONS" TO FULFILL ITS FILING RESPONSIBILITY. HOWEVER, BASED ON AVAILABLE INFORMATION AS OF THE DATE OF THIS K-1, THE FUND IS NOT ABLE TO MAKE A DEFINITIVE DETERMINATION AS TO WHETHER OR NOT THE ENTITIES HAVE CFC STATUS. PLEASE CONTACT THE FUND IF YOU BELIEVE THAT A 5471 FILING REQUIREMENT MAY APPLY TO YOU IF THE ENTITIES ARE CONSIDERED TO BE CFCS. CONTINUED ON NEXT PAGE STATEMENT 6 sP9000 1.000 4638KC 700W EFTA00810292  VALAR GLOBAL FUND II LP SCH K-1 SUPPORTING SCHEDULES PARTNER # 14 SOUTHERN TRUST COMPANY, INC. PARTNER FOOTNOTES (CONT'D) FOREIGN CORPORATION BREATHER PRODUCTS UK LIMITED MAILING ADDRESS HILL HOUSE, 1 LITTLE NEW STREET LONDON, UK EC4A 3TR VALAR GLOBAL FUND II LP'S INTEREST: BEGINNING 12.8295% STATEMENT 7 899003 I 003 4638KC 700W EFTA00810293  Department of Taxalion and Finance NEW YORK New York Corporate Partner's IT-204-CP STATE Schedule K-1 2018 Tax Lay/ - Article 9-A Final K-1 For calendar year 2018 or tax year beginning 181 and ending Amended K-1 Partners: Before completing your franchise tax return, see Form IT-204-CP-I. Partner's Instructions for Form IT-204-CP (available al wmv.tax.ny.gov). Partnership's Information Partnership's name (as shown on Form IT-204) Partnership's EIN VALAR GLOBAL FUND II LP A Mark an X in the box if either applies to your entity El Publicly traded partnership a Portfolio investment partnership B Tax shelter registration number, if any Partner's Information (see instructions) Partner's name Partners EIN SOUTHERN TRUST COMPANY, INC. Partners address 6100 RED HOOK QUARTER, B3 City State ZIP code ST. THOMAS VI 00802 C The partner is a fiWkail X OMB vows* boil Q Gene al partner or LLC member-manager Limited partner or other LLC member D What is the New York tax filing status of the partner? Mark an X in the appropriate box. It known ) 0 C corporation S corporation 0 Partnership E If the partner is a disregarded entity, enter the EIN of the entity reporting the income of the partner (it known) F Did the partner sell its entire interest during the tax year? F Yes O No El O Partner's share of profit, loss, and capital BeglnNng Ending 1) Profit G1 210509 % 21.0527 % 2) Loss G2 21.0509 % 21.0527 % 3) Capital G3 21.0306 % 21.0506 cleg H Partner's share of liabilities at the end of the year 1) Nonrecourse H1 2) Qualified nonrecourse financing H2 3) Recourse H3 I Partner's capital account analysis 1) Beginning capital account It 13194855 2) Capital contributed during the year - cash 12 300000 3) Capital contributed during the year - property 13 4) Current year increase (decrease) 14 -1844658 5) Withdrawals and distributions - cash 15 6) Withdrawals and distributions - property 16 7) Ending capital account 17 11650197 8) Method of accounting (mark an X in the appropriate box) El Tax basis El GAAP El Book El Other (subnul explanation) SEE STATEMENT 1 117001183065 4638KC 700W EFTA00810294  8Q35020 Page 2 of 11 IT-204-CP (2018) 100502 1.000 J Was Form CT-2658-E filed with the partnership? J Yes ❑ No K NYS estimated tax paid on behalf of partner (from Form CT-2658) Date Amount 1) First installment K1 2) Second installment K2 3) Third installment K3 4) Fourth installment K4 Total NYS estimated tax paid on behalf of partner (add Ones K1 through K4) L Was the partnership required to report any nonqualified deferred compensation, as required by IRC § 457A, on its 2018 federal return? (see instructions) L Yes ❑ Not X Partner's share of entire net income (ENI) information when the corporate partner's New York tax filing status is a C corporation ENI addition modifications 1 Total additions A - Number 8- Amount A- Number 8- Amount la EA- Id a - lb EA - le EA - lc EA - If EA - ENI subtraction modifications 2 Total subtractions A - Number 8- Amount A- Number 8 - Amount 2a ES- 2d ES- 2b ES- 2e ES- 2c ES- 2f ES- Partner's proportionate part of assets and liabilities (for New York C corporate partners only) Average value 3 Total assets 3 4 Real property and marketable securities included on line 3 4 5 Real property and marketable securities at fair market value (NOV) 5 6 Average value of adjusted total assets 6 7 Total liabilities 7 8 Liabilities directly attributable to business capital 8 9 Liabilities directly attributable to investment capital 9 117002183065 IIIII 4638KC 700W EFTA00810295  6°8408030 IT-204-CP (2018) Page 3 of 11 Partner's proportionate pad of items related to investment capital under Article 9-A (for New York C corporate partners only) Part 1 - Investment capital that generates income claimed not taxable by New York under the U.S. Constitution Description of asset (identity each asset, and enter number of shares (if applicable) and date acquired here: for each asset complete columns through G on the corresponding lines below: enter only directly owned assets in items A through F and Total from additional sheet(s)) For each item listed, in columns A through G, enter the information for the partnership as a whole. Item A- Description of asset B- Number of shares C- Date acquired acquired, if appicable A B C D E F Item D E F G H Number of Date sold Average Liabilities directly Net average shares sold, if applicable FMV attributable FMV A B C D E F Total from additional sheet(s) Total from partnerships 10 Total proportionate part of columns F and G (see instructions) 10 Part 2 - Investment capital - stocks actually held more than one year Description of investment (identify each investment. and enter number of shares and date acquired here: for each investment complete columns D through G on the corresponding lines below: enter only directly ownedinvestments in items A through F and Total from additional sheet(s)) For each item listed, in columns A through G, enter the information for the partnership as a whole. Item A- Name/CUSIP/CIN$Aot number B- Number of shares C- Date acquired acquired A B C D E F Item D E F G H Number of Date sold Average Liabilities directly Net average shares sold FMV attributable FMV A B C D E F Total from additional sheet(s) Total from partnerships 11 Total proportionate part of columns F and G (see instructions) 11 003183065 III IIII I'll1 III 4638KC 700W EFTA00810296  8Q35040 Page 4 of 11 IT-204-CP (2018) 8O35Oa 1.000 Part 3 - Investment capital - stocks presumed held more than one year Description of investment (identify each investment. and enter number of shares and date acquired here: for each investment complete columns F and G on the corresponding lines below: enter only director owned investments in items A through F and Total from additional sheet(s)) For each item listed, in columns A through G, enter the information for the partnership as a whole. Item A- Name/CUSINCINS/lot number B- Number of shares acquired C- Date acquired A B C D E F Item D E F G H Number of Date sold Average Liabilities directly Net average shares sold FMV attributable FMV A B C D E F Total from additional sheet(s) Total from partnerships 12 Total proportionate part of columns F and G (see instructions) 12 Part 4 - Total investment capital 13 Total average FMV and liabilities directly attributable (add lines TO, I I. am:112h columns Fend 0) . . . 13 Part 5 - Prior year investment capital - stocks that d d not meet holding period requirement Description of investment