From: "O'Donnell, Ian"

From: "O'Donnell, Ian" To: LIMITED PARTNERS CC: James Fitz erald I H , Reuben Kobulnik "Bao, Hongbo Robert" , "Santos, Stanley" Subject: Closing of Valar Global Fund III LP Date: Thu, 21 Jan 2016 02:54:34 +0000 Importance: high Attachments: Valar_Global_Fundill_LP_-_Signature_Page_to_Limited_Partnership_Agreement.pdf Dear Valar Global Fund Ill Limited Partners: We are pleased to announce the closing held today for Valar Global Fund Ill LP (the "Fund"). Your subscription has been accepted in full and you have been admitted to the Fund as a Limited Partner effective January 20, 2016. Attached please find the signature page to the Fund's Limited Partnership Agreement, signed by Valar Ventures GP Ill LLC on behalf of itself and the Limited Partners of the Fund. A full set of the closing documents will be sent to you in the coming weeks. Many thanks for your support of Valar Global Fund Ill! Ian O'Donnell Cooley LIP • 101 California Street • 5th Floor San Francisco, CA 94111-5800 Direct: 415-693-2021 ♦ Fax: 415-693-2222 Email: • This email message is for the sole use of the intended recipient(s) and may contain confidential and privileged information. My unauthorized review, use, disclosure or distribution is prohibited. It you are not the intended recipient. please contact the sender by reply email and destroy all copies of the original message. If you are the intended recipient. please be advised that the content of this message is subject to access. review and disclosure by the sender's Email System Administrator. EFTA00836182