VALAR VLNYURLU Valor Global Fund III LP Capital Call July 20, 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 $4,250,000.00, which represents 17% of your total commitment of $25,000,000.00. This capital contribution is due on or before Thursday August 3, 2017. After this capital contribution, you will hove contributed 60% of your total commitment with a remaining 40% of total unfunded commitment, which is detailed below. Total Commitment: Total Contributions as of August 3, 2017: Total Unfunded Commitment: $25,000,000.00 $15,000,000.00 $10,000,000.00 Please wire your funds in accordance with the following instructions: Due Date: Amount Due: Bank Name: ABA#: Beneficiary Name: Beneficiary Account: Thursday August 3, 2017 $4,250,000.00 Silicon Valley Bank 121140399 Valor Global Fund III LP 3301520427 If you should have any questions regarding this information, please feel free to contact me at [email protected]. Sincerely, Reuben Kobulnik COO/CFO Valor Ventures LLC 915 Broadway Suite 1101 New York, New York 10010 www.volor.eom EFTA00591792