<table><tr><th>From:</th><th>Andrew McCormack</th></tr><tr><td>Sent:</td><td>Friday, August 21, 2015 4:34 PM</td></tr><tr><td>To:</td><td>Jeffrey E.</td></tr><tr><td>Subject:</td><td>Re: Valar update</td></tr></table>

That works for me too. What number shall I call?

On Fri, Aug 21,=2015 at 6:32 PM, jeffrey E. <jeevacation@gmail.com <mailto:jeevac=tion@gmail.com» wro=e:

## 12?

On Fri, Aug 21, 2015 at =2:31PM, Andrew McCormac
wrote:

Does 1pm ET on Sept 1 work?

On Fri, Aug 21, =015 at 6:31PM, jeffrey E. <jeevacation@gmail.com <mailto:jeevaca=ion@gmail.com> > wrot=:

lets have a call at y=ur convenience thanks

On Fri, Aug 21, 2015 at 11:15 AM, Andrew McCormack <

wrote:

Hi J=ffrey,

Deal flow for Valar Fund II has been great, we have some exciting companies=already in the
fund and are going to close on our largest investment in th= next couple of weeks. If you are up for it, we'd love to
update you o= the Fund's progress so far and how we see things playing out in the n=ar and mid-term.

Best,

Andrew

--

=C2 please note

## 12? (cont.)

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Unauthoriz=d use, disclosure or copying of this communication or any part thereof =s strictly prohibited and may be unlawful. If you have received this

return e-mail o= by e-mail to j=evacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies =hereof, including all attachments. copyright -all rights reserved </=iv>

=C2�>>

please note

The informat=on contained in this communication is confidential, may be attorney-cli=nt privileged, may constitute inside information, and is intended only =or the use of the addressee. It is the property of JEE

Unauthoriz=d use, disclosure or copying of this communication or any part thereof =s strictly prohibited and may be unlawful. If you have received this

return e-mail o= by e-mail to j=evacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies =hereof, including all attachments. copyright -all rights reserved </=iv>