DS9 Document EFTA00810360

VALAR Valor Global Fund III LP Capital Call January 3, 2018 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 $1,500,000.00, which represents 6% of your total commitment of $25.000.000.00. This capital contribution is due on or before Wednesday, January 17. 2018. After this capital contribution, you will have contributed 75% of your total commitment with a remaining 25% of total unfunded commitment, which is detailed below. Total Commitment: Total Contributions as of January 17, 2018: Total Unfunded Commitment: $25,000,000.00 $18,750,000.00 $6,250,000.00 Please wire your funds in accordance with the following instructions: Due Date: Amount Due: Bank Name: ABA#: Beneficiary Name: Beneficiary Account: Wednesday, January 17. 2018 $1.500.000.00 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 Suite 1101 New York, New York 10010 www.volor.com EFTA00810360