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D LIMITED PARTNERSHIP AGREEMENT (the "Agreement") is made and entered into as of June 24December , 20167 (the "Initial Closing Date"), by and among VALAR VENTURES GP 4141V LLC, a Delaware limited liability company (the "General Partner"), and each investor who is identified as a limited partner on EX
obal Principals Fund I LP, Valar Global Fund II LP, Valar Global 23. 147765658 v44 EFTA00808307 Principals Fund II LP, Valar Global Fund III LP, Valar Global Principals Fund III LP, Valar Ventures LP, VV Global LP, VV Global Principals LP, Valar Co-Invest I LP, Valar Co-Invest 2 LP and VV Xero Holdings LLC and to other entitie
rivate Placement Memorandum Valar Ventures LLC 915 Broadway, Suite 1101 New York, New York 10010 Copy # Issued to: 148264373 vl EFTA00810400 VALAR Private Placement Memorandum Confidential Private Placement Memorandum VALAR GLOBAL FUND IV LP $150,000,000 Limited Partner Interests THIS CONF
(approximately 1%). 100% of capital commitments have been invested or reserved for follow-ons and expenses. 2016-2017: Valar Global Fund III LP and Valar Global Principals Fund III LP, which invest part passu in all transactions (together, "Fund 3") closed in July 2016. Capital commitments to Fund 3 totaled $104 million, with app
s, Third Prime Capital, Contour VALAR / 19 EFTA00810493 Valar Fund 3 / Performance Drivers Petal Credit Underwriting Without FICO ca\ \GIs:0 VALAR / 20 EFTA00810494 Valar Fund 3 / ['orlon-Imre,' Drivers Petal Updates Product went live in July with 5,000 cards issued to date. Forecast to
2" refers to Valor Global Fund II LP and Valar Global Principals Fund II LP, on an aggregate basis, "Fund 3" refers to Valar Global Fund III LP and Valar Global Principals Fund III LP. on an aggregate basis. and "Fund 4" refers to Velar Global Fund IV LP and Valar Global Principals Fund IV LP, on an aggregate basis. Except where ot
Entities connected to both VALAR and Valar Global Principals Fund III LP

Prince Andrew
PERSON
Peter Thiel
PERSON
Woody Allen
PERSONAllen & Company
ORGANIZATIONBreather
PERSONQonto
PERSON
Max Levchin
PERSONNo Limited
ORGANIZATIONThiel Capital LLC
ORGANIZATIONVV Global LP
ORGANIZATIONAndrew McCormack
PERSONMenlo Ventures
ORGANIZATIONthe Securities and Exchange Commission
ORGANIZATIONTransferwise
PERSONEach Parallel Fund
ORGANIZATIONLimited Partner's Capital Commitment
ORGANIZATION
Samantha Power
PERSONthe Advisory Committee's
ORGANIZATIONthe Parallel Funds
ORGANIZATIONthe Applicable Tax Rate
ORGANIZATION