$ (958,653) EFTA00597486 Valar Global Fund II LP Schedule of Investments September 30, 2015 Shares Cost Fair Value Unrealized Gain/(Loss) Breather Products Inc. Series B-2 Preferred Shares 2,947,764 $ 8.160.000 $ 8.160.000 $ Carmen, Inc. Series Seed Preferred Shares 275,660 170,000 170,000 Eye Em L

6 GmbH Series A Preferred Shares 5.314 $ 4,802,996 $ 33,540,547 $28,737,551 Series B Preferred Shares 2,127 5,562,347 13,425,055 7,862,708 Breather Products Inc. Series B-2 Preferred Shares 4,175,999 11,560,000 22,966,324 11,406,324 Series C Preferred Shares 1,050,985 5,779,997 5,779,997 Kalo Industr

GmbH Series A Preferred Shares 5.314 $ 4,802,996 S 31.798.746 S 26.995.750 Series B Preferred Shares 2,127 5.562,347 12.727.876 7.165329 Breather Products Inc. Series B-2 Preferred Shares 4,175.999 11.560.000 22.966.324 11.406.324 Series C Preferred Shares 1.050.985 5.779.997 5.779.997 Kalo Industr

$ (958,653) EFTA00666196 Valar Global Fund II LP Schedule of Investments September 30, 2015 Shares Cost Fair Value Unrealized Gain/(Loss) Breather Products Inc. Series B-2 Preferred Shares 2,947,764 $ 8.160.000 $ 8.160.000 $ Carmen, Inc. Series Seed Preferred Shares 275,660 170,000 170,000 Eye Em L