From: "Jeffrey E." <[email protected]>

From: "Jeffrey E." <[email protected]> To: Richard Kahn Subject: Re: Valar Global Fund III LP - Capital Call 2 Date: Thu, 18 Aug 2016 01:18:42 +0000 Yes On Wed, Aug 17, 2016 at 6:21 PM, Richard Kahn please advise if ok to fund valar capital call in the amount of 1,250,000 once paid STC would have funded 1,500,000 of 25,000,000 commitment thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 to cel Begin forwarded message: From: Valar Subject: Valar Global Fund Ill LP - Capital Call 2 Date: August 9. 2016 at 7:07:10 PM EDT To: Cc: Valar < > wrote: Dear Limited Partner, Please find attached your capital call notice for Valar Global Fund III LP. The due date for this capital call is Wednesday, August 31, 2016. Please do not hesitate to contact us if you have any questions. Kind regards, Valar Ventures Finance EFTA00821145 please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00821146