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9 May 2014 Ezequiel Nasser Director Excel Global Opportunities Fund, Ltd.  Av. Paulista, 2421 11oandar SaoPaulo,SP Brazil Ray Nasser Director c/o Excel Wealth Management,LLC 375ParkAvenue,Suite3807 NewYork,NY10022 USA Dear Sirs, Re:Excel Global Opportunities Fund, Ltd. (Reg#11066) (“theFund“) We write to you in your capacity as directors of the Fund. TheFundisinbreachofSections8(1),8(2)and 9of the MutualFunds Law(2013Revision) (“the Law”) […]