VALAR Valor Global Fund III LP Capital Call October 10. 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 $2,250,000.00, which represents 9% of your total commitment of $25,000,000.00. This capital contribution is due on or before Friday, October 20. 2017. After this capital contribution, you will have contributed 69% of your total commitment with a remaining 31% of total unfunded commitment, which is detailed below. Total Commitment: Total Contributions as of October 20, 2017: Total Unfunded Commitment: $25,000,000.00 $17,250,000.00 $7,750,000.00 Please wire your funds in accordance with the following instructions: Due Date: Amount Due: Bank Name: ABA#: Beneficiary Name: Beneficiary Account: Friday, October 20, 2017 $2.250.000.00 Silicon Valley Bank Valor Global Fund III LP If you should have any questions regarding this information, please feel free to contact me at Sincerely, Reuben Kobulnik COO/CFO Valor Ventures LLC 915 Broadway SUNS 1101 New York, New York 10010 www.volor.eom EFTA00810359