EFTA00810333

651118 Schedule K-1 r--1Amended K-1 OMB No. 1545-0123 (Form 1065) M18 Part III Partner's Share of Current Year Income, Deductions. Credits and Other Items Department of the Treasury 1 Ordinary business income (loss) 1S Credits Internal Revenue Service For calendar year 2018. a tax year beginning rancho 2 Net rental real estate income (loss) Partner's Share of Income, Deductions, 3 Other net rental mono (loss) 16 Foreign transactions Credits, etc. la See back of form and separate Instructions. B 405. Part I Information About the Partnership I Guaranteed payments A Partnership's employer identification number I 381 ailli ame. address. dry. state, and 2IP code 6e 5 Interest Income Ordinary dadends 4,162. VALAR GLOBAL FUND III LP 66 Qualified dvklends 915 BROADWAY, SUITE 1101 NEW YORK NY 10010 60 Dividend equivalents C IRS Center where partnership filed return EFI LE 7 Royalties ▪ 1 1 Check if this is a publicly traded pannershp (PTP) Net short-term capital gain (loss) 17 Alternative minimum UM(AMT) Items Part II Information About the Partner 618. E Partners identifying number 13 9a Net long-term capital gain (loss) F Partner's name, address. any, state. and 2IP code 9b Collectibles (28%) gain (loss) 9c Unreceptured section 1250 gam 18 Tax-exempt Income and nondeductible expenses SOUTHERN TRUST COMPANY, INC. 6100 RED HOOK QUARTER, B3 10 Net section 1231 gain (loss) ST.THOMAS, VI 00802 G U General partner or LLC 1_2(j Limited partner a other LLC 11 Other income (loss) member-manager member • EI Domestic partner ❑ Foreign partner 19 Distributions It What type of entity is the partner? S CORPORATION 12 If this partner is a retirement plan (lRASEPrKeogIVetc.). check here ❑ Partners share of profit. loss. and capital (see instructions): Beginning Sting 12 Section 179 deduction Profs 34.169883 34.174477 % 20 Other information Loss 34.169883 34.174477 % 13 Other deductions Capital 34.152663 34.152184 % H* 6,363. A 4,162. ▪ Partners share of liabilities: Beginning Ending PI* STMT B 644,881. Nonrecourse $ numailipm eg nonrecourses e $ 14 Self-employment earnings (loss) Recourse $ L Partners capital account analysis: Beginning capital account 16,332,775. Capital contributed during the year . $ 3,750,000. 'See attached statement for additional information. Current year increase (decrease) $ —646,464. Withdrawals & distributions . . . $ ( For IRS Use Only Ending tetanal account 19,436,311. Tax basis n GAAP DI Section 700(0) book Other (molar') IA Did the partner contnbute property with a built-in gain or loss? Eyes EN. II -Yes.' attach statement (see instructions) For Paperwork Reduction Act Notice. see Instructions for Form 1065. www.ir .gov/Formt065 Schedule K-1 (Form 1065)2018 SA SPU001.000 3597LP 700W EFTA00810333 Schedule K. (Form 1065) 2018 PARTNER # 13 SOUTHERN TRUST COMPANY, INC. Page 2 This list Identifies the codes used on Schedule K-1 for all partners and provides summarized reporting information for partners who file Form 1000. For detailed reporting and filing Information, see the separate Partners Instructions for Schedule K-1 and the Instructions for your Income tax return. 1. Ordinary business Income (loss). Determine witether the income (loss) is Cado Report on passive or nonpassive and enter on your return as lams. J Work opportunity credit Report on K Disabled access credit Passive loss See the Partners Instructions L Empowerment zone employment credit Passive income Schedule E. Me 28. column (h) IA Credit la increasing research activities See the Partners Instructions Nonpassive loss See the Partners Instructions Nonpassrve income Schedule E. Me 28. column (k) N Credit la employer social secunty and Medicare taxes 2. Net rental real estate Income (loss) See the Partners Instructions O Backup withhdding 3. Other net rental Income (loss) Net income P Other crews Schedule E. Me 28. column (h) Net loss See the Partners Instructions 16. Foreign transactions 0. Guaranteed payments Schedule E. Me 28. column (k) A Name of country or U.S. 5. Interest Income Form 1040. Ine2b possession Form 1116. Pan I 6a. Ordinary dividends Form 1040. Ine3b B Gross income from all sources 6b. Oualifled dividends Form 1040. line 3a C Gross Income sourced al puma lapel 6c. Dividend equivalents See the Partners Instructions Foreign gross income sourced et peRnersh0 level 7. Royalties Schedule E. line 4 O Section 951A category 8. Net short-term capital gain (loss) Schedule D. line 5 E Foreign branch category Form 1116. Pan I 9a. Net long-term capital gain (loss) Schedule D. line 12 F Passive category 9b. Collectibles (28%) gain (loss) 28% RateGan Worksheet. line 4 O General category (Schedule D instructions) H Other 9c. Unrecaptured section 1250 gain See the Partners Instructions Deductions allocated and apportioned at partner level 10. Net section 1231 gain (loss) See the Partners Instructions I Interest expense Form 1116. Pan I 11. Other Income (loss) J Other Form 1116. Pat I Code Deductions allocated and apportioned et partnersh#3 level to foreign source income A Other portfolio income (loss) See the Partners Instructions K Section 951A category B Involuntary conversions See the Partners Instructions C Sec. 1256 contracts 8 straddles Form 6781. line 1 L Foreign branch category O Mining exploration costs recapture See Pit 535 PA PassMs category Form 1116. Pat I E Cancellation ol debt Schedule 1 (Form 1000). line 21 or N General category Form 982 O Other F Section 951A income Other infoation O Section 965(a) leCluSKal P Total foreign taxes paid Form 1116. Pan II H Subpart F income ether than See the Partners Instructions 0 Total foreign taxes accrued Form 1116. Pan II sections 951A and 965 inclusion R Reduction in taxes available for craft Form 1116. line 12 I Other ncome (less) S Foreign trading gross receipts Form 8873 12. Section 179 deduction See the Partner's Instructions T Extraterritorial ncome exclusion Form 8873 13. Other deductions U Section 951A(c)(1)(A) tested income A Cash contnbutions (60%) V Tested foreign income tax W Section 965 information See the Partners Instrucbons B Cash contnbutions (30%) C Noncash contnbutions (50%) X Other foreign transactions 0 Noncash contnbutions (30%) See the Partners 17. Alternative minimum tax (AMT) hems E Capital gain property to a 50% Instructions A Post-1986 deprecation adjustment organization (30%) 8 Adjusted gain or loss See the Partners F Capital gain property (20%) C Depletion (other than oil 8 gas) Instructions and 0 Contributions (100%) D Oct. gas. 8 geothermal gross income the Instructions tar H Investment Interest expense Form 4952. line E Oil. gas. 8 geothermal - deductions Form 6251 I Deductions royally income Schedule E. line 19 F Other AMT tams J Section 59(0(2) expenditures See the Partners Instructions 18. Tax-exempt Income and nondeductible e pauses K Excess business nterest expense See the Partners Instructions A Tax-exempt interest income Form 1040. Me 2a L Deductions portfolio (other) Schedule A. Me 16 B Other tax-exempt ncome See the Partners Instrucbons IA Amounts paid to medical insurance Schedule A. line 1 or Schedule C Nondeductible expenses See the Partners Instrucbons (Form 1040). Ire 29 19. Distributions N Educational assistance benefits See the Partners Instructions A Cash and marketable securities O Dependent care benefits Form 2441. line 12 B Distribution subject to section 737 See the Partner's Instructions P Preproductive period expenses See the Partners Instructions C Other property 0 Commercial revitalization deduction 20. Other Information from rental real estate ettnnies See Form 8582 instructions A Investment income Form 4952. Me 0a R Pensions and IRAs See the Partners Instructions B Investment expenses Form 4952. Me 5 S Reforestation expense deduction See the Partners Instructions C Fuel tax credit information Form 4136 T through V Reserved for future use D Qualified rehabilitation expenditures See the Partners Instructions W Other deductions See the Partner's Instructions (other than rental real estate) X Section 965(c) deduction E Basis ol energy property See the Partners Instructions F Recapture of low-income housing Form 8611. Me 8 10. Sell-employment earnings (loss) credit (section 420)(5)) Note: If you have a section 179 deduction or any partner-level deductions. see the 0 Recapture of low-income housing Form 8611. Me 8 Partners Instructions before completing Schedule SE. credit (other) A Net earrings (loss) from H Recapture of investment credit See Form 4255 sell-employment Schedule SE. Seaton A or B I Recapture of other creeks See the Partners Instructions B Gross farming or fishing income See the Partners Instructions J Look-track interest completed See Form 8697 C Gross non-farm income See the Partners Instructions long-term contracts 15. Credits K Look-back interest - Income forecast See Form 8866 A Low-income housing credit (section method 420)(5)) from pre-2008 buildings L Dispositions of property with section 179 deductions B Low-income housing credit PA Recapture of section 179 deduction (other) from pre-2008 buildings N Interest expense for corporate C Low-Income housing credit (section partners 028)(6)) from post-2007 buildings 0 through Y O Low-Income housing credit (other) See the Partners Instructions 2 Section 199A income See the Partners from post-2007 butdngs AA Section 199A W-2 wages E Qualified rehabilitation Instructions AB Section 199A unadanted basis expenditures (rental real estate) AC Section 199A REIT dividends F Other rental real estate cream AD Section 199A PTP income O Other rental credits PE Excess taxable income H Undistnbuted capital gains credit Schedule 5 (Form 1040), line 74. box a AF Excess business interest income I Biofuel producer credit See the Partners Instructions AO Gross receipts for section 59A(e) JSA AH Other information 8PI303 1.000 3597LP 700W EFTA00810334 VALAR GLOBAL FUND III LP 81-1155894 SCH K-1 SUPPORTING SCHEDULES PARTNER # 13 SOUTHERN TRUST COMPANY, INC. ITEM L - CAPITAL CONTRIBUTIONS CASH CONTRIBUTIONS 3,750,000. TOTAL CAPITAL CONTRIBUTIONS 3,750,000. ITEM L - RECONCILIATION OF INCOME INCOME (LOSS) FROM SCH. K-1, LINES 1 - 11 4,780. LESS: DEDUCTIONS FROM SCH. K-1, LINES 12, 13, 16P, AND 16Q 651,244. TOTAL INCOME PER SCHEDULE K-1 -646,464. TOTAL INCOME PER ITEM L, CURRENT YEAR INCR(DECR) -646,464. LINE 5 - INTEREST INCOME OTHER INTEREST INCOME INTEREST INCOME 3,757. FROM PASS-THROUGH ENTITIES 405. TOTAL INTEREST INCOME 4,162. LINE 8 - NET SHORT-TERM CAPITAL GAIN(LOSS) FROM PASS-THROUGH ENTITIES 618. TOTAL NET SHORT-TERM CAPITAL GAIN(LOSS) 618. LINE 13 - OTHER DEDUCTIONS H - INVESTMENT INTEREST EXPENSE OTHER INVESTMENT INTEREST 5,982. FROM PASS-THROUGH ENTITIES 381. TOTAL BOX H 6,363. W OTHER DEDUCTIONS OTHER DEDUCTIONS INCLUDED IN ITEM L, CURRENT YEAR INCREASE (DECREASE) MANAGEMENT FEES 554,815. PORTFOLIO DEDUCTIONS - OTHER 85,006. FROM PASS-THROUGH ENTITIES 5,060. TOTAL BOX W 644,881. STATEMENT 1 009003 1.000 3597LP 700W EFTA00810335 VALAR GLOBAL FUND III LP 81-1155894 SCH K-1 SUPPORTING SCHEDULES PARTNER II 13 SOUTHERN TRUST COMPANY, INC. LINE 16 - FOREIGN TRANSACTIONS LINE 16B - GROSS INCOME FROM ALL SOURCES (NONRIC) FROM PASS-THROUGH ENTITIES 405. TOTAL BOX B 405. LINE 161 - INTEREST EXPENSE FROM PASS-THROUGH ENTITIES 381. TOTAL BOX I 381. PARTNER FOOTNOTES LINE 13W-OTHER DEDUCTIONS: THESE EXPENSES ARE PORTFOLIO DEDUCTIONS FORMERLY REPORTED ON BOX 13K AS 2% PORTFOLIO DEDUCTIONS THAT ARE NON-DEDUCTIBLE FOR CERTAIN TAXPAYERS, INCLUDING INDIVIDUALS, AND WOULD REDUCE YOUR TAX BASIS IN THE PARTNERSHIP. PLEASE CONSULT YOUR TAX ADVISOR. ITEM L: YOU SHOULD CONSULT YOUR TAX ADVISOR TO DETERMINE YOUR TAX BASIS IN YOUR PARTNERSHIP INTEREST. YOU SHOULD DETERMINE WHETHER LOSSES OR EXPENSES APPEARING ON YOUR K-1 ARE SUBJECT TO SUSPENSION AND WHETHER THERE ARE OTHER LIMITATIONS OR ISSUES THAT MAY ARISE BY VIRTUE OF YOUR TAX BASIS IN YOUR PARTNERSHIP INTEREST OR FOR OTHER REASONS. CAPITAL ACCOUNT RECONCILIATION: THE PARTNERSHIP MAINTAINS CAPITAL ACCOUNT IN ACCORDANCE WITH SECTION 704(B) AND REPORTS THESE BALANCES ON SCHEDULE K-1. FOR FINANCIAL PURPOSES, THE PARTNERSHIP MAINTAINS CAPITAL ACCOUNTS IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP). UBTI FOOTNOTE: TAX-EXEMPT PARTNERS ARE ADVISED THAT THE PARTNERSHIP IS NOT REPORTING UNRELATED BUSINESS TAXABLE INCOME ("UBTI") DURING THE 2018 TAXABLE YEAR BASED ON INFORMATION AVAILABLE TO THE PARTNERSHIP. EFFECTIVELY CONNECTED INCOME (ECI): THE PARTNERSHIP IS NOT REPORTING EFFECTIVELY CONNECTED INCOME ("ECI") DURING THE 2018 TAXABLE YEAR BASED ON INFORMATION AVAILABLE TO THE PARTNERSHIP. ITEM J: CONTINUED ON NEXT PAGE STATEMENT 2 0P9000 1.000 3597LP 700W EFTA00810336 VALAR GLOBAL FUND III LP 81-1155894 SCH K-1 SUPPORTING SCHEDULES PARTNER it 13 SOUTHERN TRUST COMPANY, INC. PARTNER FOOTNOTES (CONT'D) PARTNER PERCENTAGES REFLECTED IN ITEM J ARE CALCULATED PURSUANT TO IRS INSTRUCTIONS, AND MAY VARY FROM PERCENTAGES UNDER THE PARTNERSHIP AGREEMENT. SECTION 199A AND SECTION 163(J): THIS PARTNERSHIP IS NOT ENGAGED IN A TRADE OR BUSINESS AS DEFINED UNDER I.R.C. SEC. 162. ADDITIONALLY, THIS PARTNERSHIP IS NOT INVESTED IN A FLOW-THROUGH ENTITY WITH ITEMS NECESSARY FOR ITS PARTNER'S CALCULATION OF EITHER SEC. 199A OR SEC. 163(J). THEREFORE, SEC. 199A IS NOT APPLICABLE. THE PARTNERSHIP DOES NOT HAVE ANY INTEREST EXPENSE ALLOCABLE TO A TRADE OR BUSINESS, THUS IT IS NOT SUBJECT TO INTEREST EXPENSE LIMITATIONS UNDERS SEC. 163(J). PLEASE CONSULT YOUR TAX ADVISOR. VALAR GLOBAL FUND III LP SCH K-1 SUPPORTING SCHEDULES FORM 8621 INFORMATION IF APPLICABLE, VALAR GLOBAL FUND III LP HAS MADE TIMELY QUALIFIED ELECTING FUND ( ^QEV') ELECTION(S) WITH RESPECT TO ITS INVESTMENTS IN UNDERLYING PASSIVE FOREIGN INVESTMENT COMPANIES ( mPFIC"), EFFECTIVE FOR EACH YEAR OF OWNERSHIP, AND HAS FILED THE REQUIRED FORMS 8621 FOR ALL YEARS OF OWNERSHIP. THE DIRECT US SHAREHOLDER THAT HAS MADE A QEF ELECTION FOR A PFIC IS REQUIRED TO INCLUDE INCOME CURRENTLY UNDER IRC SECTION 1293, AND TO FILE FORM 8621. AS A PARTNER THAT HAS INVESTED IN A US PARTNERSHIP THAT HAS MADE THE QEF ELECTION AND FILED FORM 8621 (IF APPLICABLE), YOUR ALLOCABLE SHARE OF THIS INCOME IS NOT REQUIRED TO BE FURTHER REPORTED ON AN ADDITIONAL FORM 8621. THE SERVICE HAS REVISED THE INSTRUCTIONS FOR FORM 8621 TO FORMALLY CLARIFY THAT NO ADDITIONAL FORM 8621 REPORTING IS NECESSARY UNDER THESE FACTS. PLEASE CONSULT YOUR TAX ADVISOR. VALAR GLOBAL FUND III LP SCH K-1 SUPPORTING SCHEDULES FORM 8938 INFORMATION IN 2018, INDIVIDUALS AND CERTAIN DOMESTIC ENTITIES ARE REQUIRED TO REPORT THEIR DIRECT OR INDIRECT INVESTMENTS ON FORM 8938 IF A CERTAIN THRESHOLD IS MET. IF YOUR INTERESTS IN THE BELOW FOREIGN ENTITIES ARE ONLY THROUGH YOUR OWNERSHIP IN VALAR GLOBAL FUND III LP, YOU DO NOT NEED TO INCLUDE THESE ENTITIES ON FORM 8938. HOWEVER, IF YOU HAVE ANY OTHER DIRECT OR INDIRECT INVESTMENTS IN THE FOREIGN ENTITIES NOTED BELOW, PLEASE CONSULT YOUR TAX ADVISOR TO DETERMINE YOUR FILING REQUIREMENTS. THE VALUE PROVIDED REPRESENTS THE VALUE OF THE ASSETS HELD BY VALAR GLOBAL FUND III LP. YOU MUST DETERMINE YOUR PRO RATA SHARE ACCORDINGLY. OLINDA S.A.S DESCRIPTION OF ASSET: STOCK FEIN: FOREIGNUS CONTINUED ON NEXT PAGE STATEMENT 3 009003 1.000 3597LP 700W EFTA00810337 VALAR GLOBAL FUND III LP 81-1155894 SCH K-1 SUPPORTING SCHEDULES PARTNER II 13 SOUTHERN TRUST COMPANY, INC. PARTNER FOOTNOTES (CONT'D) ASSET ACQUIRED DURING THE YEAR: NO ASSET DISPOSED DURING THE YEAR: NO MAXIMUM VALUE OF ASSET DURING TAX YEAR: $42,306,859 TYPE OF FOREIGN ENTITY: CORPORATION MAILING ADDRESS: 8 RUE DU SENTIER, PARIS,75002 FRANCE BROLLY UK TECHNOLOGY LIMITED DESCRIPTION OF ASSET: STOCK FEIN: FOREIGNUS ASSET ACQUIRED DURING THE YEAR: NO ASSET DISPOSED DURING THE YEAR: NO MAXIMUM VALUE OF ASSET DURING TAX YEAR: $229,345 TYPE OF FOREIGN ENTITY: CORPORATION MAILING ADDRESS: 125 CHARING CROSS ROAD, SOHO, LONDON WC2H OEW, UNITED KINGDOM BROLLY UK TECHNOLOGY LIMITED DESCRIPTION OF ASSET: CONVERTIBLE NOTES FEIN: FOREIGNUS ASSET ACQUIRED DURING THE YEAR: YES 2/26/2018 ASSET DISPOSED DURING THE YEAR: NO MAXIMUM VALUE OF ASSET DURING TAX YEAR: $237,575 TYPE OF FOREIGN ENTITY: CORPORATION MAILING ADDRESS: 125 CHARING CROSS ROAD, SOHO, LONDON WC2H OEW, UNITED KINGDOM N26 GMBH DESCRIPTION OF ASSET: STOCK FEIN: FOREIGNUS ASSET ACQUIRED DURING THE YEAR: NO ASSET DISPOSED DURING THE YEAR: NO MAXIMUM VALUE OF ASSET DURING TAX YEAR: $24,419,437 TYPE OF FOREIGN ENTITY: CORPORATION MAILING ADDRESS: KLOSTERSTRABE 62 10179 BERLIN, GERMANY COYA AG DESCRIPTION OF ASSET: STOCK FEIN: FOREIGNUS ASSET ACQUIRED DURING THE YEAR: NO ASSET DISPOSED DURING THE YEAR: NO MAXIMUM VALUE OF ASSET DURING TAX YEAR: $7,927,383 TYPE OF FOREIGN ENTITY: CORPORATION MAILING ADDRESS: OHLAUER STR. 43 10999 BERLIN, GERMANY SPACESHIP FINANCIAL SERVICES PTY LTD CONTINUED ON NEXT PAGE STATEMENT 4 009000 1.000 3597LP 700W EFTA00810338 VALAR GLOBAL FUND III LP 81-1155894 SCH K-1 SUPPORTING SCHEDULES PARTNER II 13 SOUTHERN TRUST COMPANY, INC. PARTNER FOOTNOTES (CONT'D) DESCRIPTION OF ASSET: STOCK FEIN: FOREIGNUS ASSET ACQUIRED DURING THE YEAR: YES 9/19/2018 ASSET DISPOSED DURING THE YEAR: NO MAXIMUM VALUE OF ASSET DURING TAX YEAR: $599,550 TYPE OF FOREIGN ENTITY: CORPORATION MAILING ADDRESS: SUITE 4.02, 77 KING STREET, SYDNEY NSW 2000, AUSTRALIA SPACESHIP FINANCIAL SERVICES PTY LTD DESCRIPTION OF ASSET: CONVERTIBLE NOTE FEIN: FOREIGNUS ASSET ACQUIRED DURING THE YEAR: NO ASSET DISPOSED DURING THE YEAR: YES 9/19/2018 MAXIMUM VALUE OF ASSET DURING TAX YEAR: $599,550 TYPE OF FOREIGN ENTITY: CORPORATION MAILING ADDRESS: SUITE 4.02, 77 KING STREET, SYDNEY NSW 2000, AUSTRALIA STATEMENT 5 009000 1.000 3597LP 700W EFTA00810339 Department of Taxalion and Finance NEW YORK New York Corporate Partner's IT-204-CP STATE Schedule K-1 2018 Tax Lay/ - Article 9-A Final K-1 For calendar year 2018 or tax year beginning 181 and ending Amended K-1 Partners: Before completing your franchise tax return, see Form IT-204-CP-I. Partner's Instructions for Form IT-204-CP (available al wmv.tax.ny.gov). Partnership's Information Partnership's name (as shown on Form IT-204) Partnership's EIN VALAR GLOBAL FUND III LP A Mark an X in the box if either applies to your entity El Publicly traded partnership a Portfolio investment partnership B Tax shelter registration number, if any Partner's Information (see instructions) Partners name SOUTHERN TRUST COMPANY, INC. Partners address Partners EIN 1 6100 RED HOOK QUARTER, B3 City State ZIP code ST. THOMAS VI 00802 C The partner is a (matk an X 10 fat trttO/Mart UV Q Gene al partner or LLC member-manager Limited partner or other LLC member D What is the New York tax filing status of the partner? Mark an X in the appropriate box. It known ) 0 C corporation S corporation 0 Partnership E If the partner is a disregarded entity, enter the EIN of the entity reporting the income of the partner (it known) F Did the partner sell its entire interest during the tax year? F Yes O No 0 O Partner's share of profit, loss, and capital Beginning Ending 1) Profit 34.1698 % 34.1744 % 2) Loss G2 34.1698 % 34.1744 % 3) Capital G3 34.1526 % 34.1521 % H Partner's share of liabilities at the end of the year 1) Nonrecourse HI 2) Qualified nonrecourse financing H2 3) Recourse H3 I Partner's capital account analysis 1) Beginning capital account It 16332775 2) Capital contributed during the year - cash 12 3750000 3) Capital contributed during the year - property 13 4) Current year increase (decrease) 14 -646464 5) Withdrawals and distributions - cash 15 6) Withdrawals and distributions - property 16 7) Ending capital account 17 19436311 8) Method of accounting (mark an X in the appropriate box) El Tax basis El GAAP El Book El Other (subnul explanation) SEE STATEMENT 1 117001183065 HEE 3597LP 700W EFTA00810340 8Q35020 Page 2 of 11 IT-204-CP (2018) 100502 1.000 J Was Form CT-2658-E filed with the partnership? J Yes ❑ No K NYS estimated tax paid on behalf of partner (from Form CT-2658) Date Amount 1) First installment K1 2) Second installment K2 3) Third installment K3 4) Fourth installment K4 Total NYS estimated tax paid on behalf of partner (add Ones K1 through K4) L Was the partnership required to report any nonqualilied deferred compensation, as required by IRC § 457A, on its 2018 federal return? (see instructions) L Yes El No [TI Partner's share of entire net income (ENI) information when the corporate partner's New York tax filing status is a C corporation ENI addition modifications 1 Total additions A- Number 8- Amount A- Number 8- Amount la EA- Id EA- 1b EA- le EA- lc EA- lf a- ENI subtraction modifications 2 Total subtractions 2 A- Number 8- Amount A- Number 8-Amount 2a ES- 2d ES - 2b ES- 2e ES - 2c ES- 2f ES - Partner's proportionate part of assets and liabilities (for New York C corporate partners only) Average value 3 Total assets 3 4 Real property and marketable securities included on line 3 4 5 Real property and marketable securities at fair market value (NOV) 5 6 Average value of adjusted total assets 6 7 Total liabilities 7 8 Liabilities directly attributable to business capital 8 9 Liabilities directly attributable to investment capital 9 117002183065 IIIII 3597LP 700W EFTA00810341 6°8408030 IT-204-CP (2018) Page 3 of 11 Partner's proportionate pad of items related to investment capital under Article 9-A (for New York C corporate partners only) Part 1 - Investment capital that generates income claimed not taxable by New York under the U.S. Constitution Description of asset (identity each asset, and enter number of shares (if applicable) and date acquired here: for each asset complete columns through G on the corresponding lines below: enter only directly owned assets in items A through F and Total from additional sheet(s)) For each item listed, in columns A through G, enter the information for the partnership as a whole. Item A- Description of asset 0- Number of shares C- Date acquired acquired, if appicable A B C D E F Item D E F G H Number of Date sold Average Liabilities directly Net average shares sold, if applicable FMV attributable FMV A B C D E F Total from additional sheet(s) Total from partnerships 10 Total proportionate part of columns F and G (see instructions) 10 Part 2 - Investment capital - stocks actually held more than one year Description of investment (identify each investment. and enter number of shares and date acquired here: for each investment complete columns D through G on the corresponding lines below: enter only directly ownedinvestments in items A through F and Total from additional sheet(s)) For each item listed, in columns A through G, enter the information for the partnership as a whole. Item A- Name/CUSIP/CIN$Aot number B- Number of shares C- Date acquired acquired A B C D E F Item D E F G H Number of Date sold Average Liabilities directly Net average shares sold FMV attributable FMV A B C D E F Total from additional sheet(s) Total from partnerships 11 Total proportionate part of columns F and G (see instructions) 11 003183065 III IIII I'l1 III 3597LP 700W EFTA00810342 8Q35040 Page 4 of 11 IT-204-CP (2018) 8O35Oa 1.000 Part 3 - Investment capital - stocks presumed held more than one year Description of investment (identify each investment. and enter number of shares and date acquired here: for each investment complete columns F and G on the corresponding lines below: enter only director owned investments in items A through F and Total from additional sheet(s)) For each item listed, in columns A through G, enter the information for the partnership as a whole. Item A- Name/CUSINCINS/lot number B- Number of shares acquired C- Date acquired A B C D E F Item D E F G H Number of Date sold Average Liabilities directly Net average shares sold FMV attributable FMV A B C D E F Total from additional sheet(s) Total from partnerships 12 Total proportionate part of columns F and G (see instructions) 12 Part 4 - Total investment capital 13 Total average FMV and liabilities directly attributable (add lines TO, I I. am:112h columns Fend 0) . . . 13 Part 5 - Prior year investment capital - stocks that d d not meet holding period requirement Description of investment (identity each investment. and enter number of shares and date acquired here: for each investment complete columns D through G on the corresponding tines below: enter only directly ownedinvestments in items A through F and Total from additional sheet(s)) For each item listed, in columns A through G, enter the information for the partnership as a whole. Item A - Name/CUSINCINS4ot number 8 - Number ol shares acquired C - Date acquired A B C D E F Item D E F G H Number of Date sold Average FMV Liabili es directly attributable Net average shares sold as previously reported as previously reported FMV A B C D E F Total from additional sheet(s) Total from partnerships 14 Total proportionate part of columns F and G (see instructions) 14 _i_ 117004183065 IIIIIIIIIi 3597LP 700W EFTA00810343 sottiaBi5dat50 IT-204-CP (2018) Page 5 of 11 Part 6 - Prior year gross Investment Income for stocks that did not meet holding period requirement 15 Prior year presumed gross investment income from stocks presumed in the prior year to be held more than one year that failed to meet the presumption (see inseuctions) 15 Partner's share of items related to investment and other exempt income under Article 9-A (for New York C corporate partners only) 16 Gross exempt cross-article dividends 16 17 Gross exempt controlled foreign corporation (CFC) income 17 18 Gross exempt unitary corporation dividends 18 19 Gross investment income from investments generating income not taxable by New York State under the U.S. Constitution 19 20 Dividend income from investment capital from stocks actually held more than one year 20 21 Net capital gains or losses from investment capital from stocks actually held more than one year 21 22 Dividend income from investment capital from stocks presumed held more than one year 22 Partner's share of items related to interest deductions directly attributable to investment and other exempt income under Article 9-A (for New York C corporate partners only) 23 Interest expense per federal Form 1065, line 15 23 24 Interest deductions directly attributable to income reported on line 16 24 25 Interest deductions directly attributable to income reported on line 17 25 26 Interest deductions directly attributable to income reported on line 18 26 27 Interest deductions directly attributable to income reported on line 19 27 28 Interest deductions directly attributable to income reported on line 20 28, 29 Interest deductions directly attributable to income reported on line 21 29, 30 Interest deductions directly attributable to income reported on line 22 30 31 Interest deductions directly attributable to business capital 31 Partner's share and proportionate part of items related to subtraction modification for qualified banks 32 Qualified residential loan portfolio assets 32 33 Gross interest income from qualifying loans 33 33a Gross interest income from all loans 33b Gross interest expense from aU loans 3b Partner's share and proportionate part of items related to manufacturing 34 Total receipts from the sale of goods by manufacturing 34 34a Receipts received from the generation and distribution of electricity, the distribution of natural gas, and the production of steam associated with the generation of electricity 34a 35 Adjusted basis of qualified manufacturing property 35 35a Number of employees employed in manufacturing in New York 35a 117005183065 3597LP 700W EFTA00810344 8035060 Page 6 of 11 IT-204-CP (2018) 103506 1.000 Partner's share of New York modifications (for New York S corporate partners only) 36 New York State additions Number A— Total amount 36a EA- 36b EA- 36c EA- 36d EA- 36e E A- 36f EA - 37 Total addition modifications (total of column A. lines 36a through 360 37 36 New York State subtractions Number A - Total amount 38a E S - 38b E S - 36c E S - 38d E S - 38e E S - 38f E S - 39 Total subtraction modifications (total of column A. lines 38a through 380 39 40 Additions to itemized deductions Letter Amount 40a 40b 40c 40d 40e 40f 41 Total additions to itemized deductions (add lines 40a through 400 41 42 Subtractions from itemized deductions Letter Amount 42a 42b 42c 42d 42e 42f 43 Total subtractions from itemized deductions (add lines 42a Through 420 43! 117006183065 IIIIII 3597LP 700W EFTA00810345 8035500 8O3550 1.000 I7-204-CP (2018) Page 7 of 11 Partner's share of income, deductions, etc. (from federal Form 1065, Schedule K-1) Partner's distributive share items 44 Ordinary business income (loss) 44 45 Net rental real estate income (loss) 45 46 Other net rental income (loss) 46 47 uaranteed payments 47 48 I 'Wrest income 48 4162 49 Ordinary dividends 49 50 Royalties _50 51 Net short-term capital gain (loss) _51 618 52 Net long-term capital gain (loss) _52 53 Net section 1231 gain (loss) _53 54 Other income (loss) 54 Identify: 55 Saction 179 deduction _55 56 'ther deductions 56 651244 kloolifY: SEE STATEMENT 1 57 Tax-exempt income and nondeductible expenses _57 58 istributions - cash and marketable securities 58 59 'stributions - other property _59 60 Other items not included above that are required to be reported separately to partners 60 -640719 Identity: SEE STATEMENT 1 Partner's credit Information (see instructions) Part 1 - Flow-through credit bases and information Brownfield redevelopment tax credit (Form CT611. Form CT-611. , or Form CT-611.2) A - Fenn CT-611 - Form CT-611.1 C - Form C1411.2 61 Site preparation credit component 61 62 Tangible property credit component 62 63 On-site groundwater remediation credit component 63 EZ capital tax credit (Form CT-602) 64 Recapture of credit for investments in certified EZ businesses 65 Recapture of credit for contributions of money to EZ community development projects QEZE tax reduction credit (Form CT-604-CP) 66 QEZE employment increase factor 66 67 QEZE zone allocation factor 67 68 OEZE benefit period factor 66 Excelsior jobs program tax credit (Form CT-607) 69 Excelsior jobs tax credit component 69 70 Excelsior investment tax credit component 70 71 Excelsior research and development tax credit component 71 72 Excelsior real property tax credit component 117007183065 IIIIIIIIIi 3597LP 700W EFTA00810346 8Q35510 Page 8 of 11 rT-204-CP (2018) 800561 1.000 Partners credit Information (continued) Farmers' school tax credit (Form CT-47) 73 Acres of qualified agricultural property 73 74 Acres of qualified conservation property 74 75 Eligible school district property taxes paid 75 76 Acres of qualified agricultural property converted to nonqualified use 76 Other flow-through credit bases and Information Credit bases Code Amount Code Amount 77a 77d 77b 77e 77c 77f Credit information Code Information Code Information sift 77j 77k 771 Part 2 Flow-th ough credits, addbacks, and recaptures 78 Flow-through credits Code Amount Code Amount 78a 76e 78b 78f 78c 78g 78d 78h 79 Addbacks of credits and recaptures Code Amount Code Amount 79a 79d 79b 79e 79c 79f Part 3 START-UP NY tax elimination credit information (Form CT-638) 80 START-UP NY business certificate number (Form DTF-74) 80 81 Year of START-UP NY business tax benefit period 81 82 START-UP NY area allocation factor 82 Partner's share of apportionment and Metropolitan Commuter Transportation D strict (MCTD) Information Part 1 1 During the reporting year, did the partnership do business, employ capital, own or lease property, maintain an office, or derive receipts from activity, in New York State? (mark an X in the appropriate box) Yes ❑ No ❑ 2 During the reporting year, did the partnership do business, employ capital, own or lease property, maintain an office, or derive receipts from activity, in the MCTD? (mark an X in the appropriate box) Yes ❑ No ❑ Average value of property A- MCTD B- New York State 3 Real estate owned 3 4 Real estate rented 4 5 Inventories owned 5 6 Tangible personal property owned 6 7 Tangible personal property rented 7 117008183065 3597LP 700W EFTA00810347 8Q35520 BOSSS2 1.000 IT-204-CP (2018) Page 9 of 11 Part 2 A B C Receipts from: MCTD New York State Everywhere Section 210-A.2 1 Sales of tangible personal property 1 2 Sales of electricity 2 3 Net gains from sales of real property 3 Section 210-A.3 4 Rentals of real and tangible personal property . . . 4 5 Royalties from patents, copyrights, trademarks, and similar intangible personal property 5 6 Sales of rights for certain closed-circuit and cable TV transmissions of an event 6 Section 210-A.4 7 Sale, licensing, or granting access to digital products 7 7a Sale, licensing, or granting access to digital products 7a 8 This line intentionally left blank 8 Section 210-A.5(a)(2)(A) 9 Interest from loans secured by real property 9 10 Net gains from sales of loans secured by real properly . . 10 11 Interest from loans not secured by real property ❑ 11 12 Net gains from sales of loans not secured by real properly ❑ 12 Section 210-A.5(a)(2)(B) ❑ 13 Interest from federal debt 13 14 15 Interest from NYS and Its political subdonstons debt . . . . 15 16 Net gains from federal. NYS. and NYS polrlical Sub:In/1SiOAS debt . 16 17 Interest from other states and their political subdivisions debt 17 18 Net gains from other states and their political subdivisions debt 18 Section 210-A.5(a)(2)(C) ❑ 19 Interest from asset-backed securities and other government agency debt 19 20 Net gains from government agency debt or asset-backed securities sold through an exchange . 20 21 Net gains from all other asset-backed securities . . . 21 Section 210-A.5(a)(2)(D) ❑ 22 Interest from corporate bonds 22 23 Net gains from corporate bonds sold through broker/dealer or licensed exchange 23 24 Net gains from other corporate bonds 24 Section 210-A.5(a)(2)(E) 25 Net interest from reverse repurchase and securities borrowing agreements 25 Section 210-A.5(a)(2)(F) 26 Net interest from federal funds 26 Section 210-A.5(a)(2)(I) ❑ 27 Net income from sales of physical commodities . . 27 Section 210-A.5(a)(2)(J) ❑ 28 Marked to market net gains 28 117009183065 3597LP 700W EFTA00810348 8Q35530 Page 10 of 11 IT-204-CP (2018) BC135S3 1.000 Part 2 A B C Receipts from: MCTD New York State Everywhere Section 210-A.5(a)(2)(H) 210-A.5(a)(2)(G) 29 Interest from other financial instruments 29 30 Net gains from othe financial instruments 30 30a Net gains from othe financial instruments (broker/dealer/exchange) 30a 30b Other income from other financial instruments. . . 30b 30c Other income from other financial instruments (broker/dealer/exchange) 30c 30d Dividends from stock that is business capital 30d 30e Net gains from sales of stock that is business capital 30e 30f Net gains from sales of partnership interests 30f Section 210-A.5(b) 31 Brokerage commissions 31 32 Margin interest earned on behalf of brokerage accounts 32 33 Fees for advisory services for underwriting or management of underwriting 33 34 Receipts from primary spread of selling concessions 34 35 Receipts from account maintenance fees 35 36 Fees for management or advisory services 36 37 Interest from an affiliated corporation 371 Section 210-A.5(c) 38 Interest, fees, and penalties from credit cards . . . 38 39 Service charges and fees from credit cards 39 40 Receipts from merchant discounts 40 41 Receipts from credit card authorizations and settlement processing 41 42 Other credit card processing receipts 42 Section 2104.5(d) 43 Receipts Irom certain services to Investment companies 43 Section 210-A.6 44 Receipts from railroad and trucking business 44 Section 210-A.6-a 45 Receipts from the operation of vessels 45 Section 2104.7 46 Receipts from air freight forwarding 46 47 Receipts from other aviation services 47 Section 2104.8 48 Advertising in newspapers or periodicals 48 49 Advertising on television or radio 49 50 Advertising via other means 50 Section 210-A.9 51 Transportation or transmission of gas through pipes 51 Section 2104.10 52 Receipts from other services/activities not specified 52 52a Receipts from other services/activities not specified 52a 117010183065 3597LP 700W EFTA00810349 soa8A383$ 4 O IT-204-CP (2018) Page 11 of 11 Payroll A B MCTD New York State 53 Wages and other compensation of employees except general executive officers. . . . 53 54 Average number of individuals employed full time in New York State (excluding employees with partnership-wide authority) 54 Gross proceeds or receipts from certain sales A B c (for apportionment purposes) (see instructions) MCTD New York State Everywhere 55 Sales of loans secured by real property 55 56 Sales of loans not secured by real property 56 57 Sales of other asset-backed securities 57 58 Sales of corporate bonds 58 59 Sales of physical commodities 59 Marked to market net gain or loss from deemed sales (for apportionment purposes) 60 Of loans secured by real property 60 61 Of loans not secured by real property 61 62 Of federal debt instruments 62 63 Of New York State and its political subdivisions debt instruments 63 64 Of other states and their political subdivisions debt instruments 64 65 Of government agency debt or asset-backed securities (through exchange) 65 66 Of all other asset-backed securities 66 67 Of corporate bonds through licensed exchange or broker/dealer 67 68 Of other corporate bonds 68 69 Of physical commodities 69 70 Of other financial instruments of one type 70 Items related to repurchase agreements and securities borrowing/lending agreements 71 Value of reverse repurchase agreements when partnership is purchaser/lender 71 72 Value of borrowing agreements when partnership is securities borrower 72 73 Value of repurchase agreements when partnership is seller/borrower 73 74 Value of lending agreements when partnership is securities lender 74 75 Interest income from reverse repurchase agreements and securities borrowing agreements 75 76 Interest expense from repurchase agreements and securities lending agreements 76 3597LP 700W EFTA00810350 VALAR GLOBAL FUND III LP IT 204-CP, PAGE 1 SUPPORTING SCHEDULES ITEM I METHOD OF ACCOUNTING : OTHER (7048) PARTNER'S SHARE OF INCOME, DEDUCTIONS, ETC FEDERAL LINE 56 - OTHER DEDUCTIONS INVESTMENT INTEREST EXPENSE 6363 OTHER DED INCL IN ITEM L, CURRENT YR INCREASE 644881 TOTAL OTHER DEDUCTIONS 651244 FEDERAL LINE 60 - OTHER ITEMS INVESTMENT INCOME 4162 LESS: INVESTMENT EXPENSE 644881 TOTAL OTHER ITEMS -640719 STATEMENT 1 BXX063 1.003 3597LP 700W EFTA00810351