Obra Capital Management, LLC.

Includes form instructions and options. Options shown in this text do not identify which boxes were selected.

GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an 
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page. 
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A.  The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). 
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances: 
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
 Yes
 No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1.  Regulatory Action initiated by:
SEC   
Other Federal   
State   
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 
SECURITIES AND EXCHANGE COMMISSION
2.
Principal Sanction:
Cease and Desist
Other Sanctions: 
CENSURE AND CIVIL PENALTY
3.
Date Initiated (MM/DD/YYYY): 
03/22/2023
 Exact
 Explanation

p
If not exact, provide explanation:
4.
Docket/Case Number:
ADMINISTRATIVE PROCEEDING FILE NO. 3-22019
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
No Product
Other Product Types: 
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
THE SEC ALLEGED THAT A FORMER EMPLOYEE OF THE REGISTRANT, IN 2019, MADE A CAMPAIGN CONTRIBUTION TO AN ELECTED OFFICIAL BEFORE
BEING HIRED BY THE REGISTRANT, WAS THEN HIRED INTO A POSITION IN WHICH THE INDIVIDUAL BECAME A COVERED ASSOCIATE, AND WITHIN TWO
YEARS AFTER THE CONTRIBUTION THE REGISTRANT PROVIDED INVESTMENT ADVISORY SERVICES FOR COMPENSATION TO A STATE PUBLIC PENSION
FUND OVER WHICH THE ELECTED OFFICIAL HAD INFLUENCE; THE INVESTMENT PRE-DATED THE CONTRIBUTION. PURSUANT TO AN OFFER OF
SETTLEMENT, THE SEC FOUND, AND THE REGISTRANT NEITHER ADMITTED NOR DENIED, THAT THE REGISTRANT VIOLATED SECTION 206(4) OF THE
ADVISERS ACT AND RULE 206(4)-5 THEREUNDER.
8.
Current Status?      
 Pending
 On Appeal
 Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Order
11. Resolution Date (MM/DD/YYYY):
08/19/2024
 Exact
 Explanation
If not exact, provide explanation:
12. Resolution Detail:
A.  Were any of the following Sanctions Ordered (check all appropriate items)?
 Monetary/Fine Amount: $ 95,000.00
 Revocation/Expulsion/Denial
 Disgorgement/Restitution
 Censure
 Cease and Desist/Injunction
 Bar
 Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion
of penalty was waived: 
THE ORDER IMPOSES A CIVIL PENALTY OF $95,000 TO BE PAID WITHIN 10 DAYS OF THE ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
THE SEC ADMINISTRATIVE ORDER IS FINAL, PURSUANT TO THE AUGUST 19, 2024 ORDER DESCRIBED ABOVE. THE CIVIL PENALTY WAS PAID WITHIN 10
DAYS OF THE ENTRY OF THE ORDER.

Includes form instructions and options. Options shown in this text do not identify which boxes were selected.

GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an 
INITIAL OR
AMENDED response used to report details for affirmative responses to Item 11.H. of Part
1A or Item 2.F. of Part 1B of Form ADV.
Civil Judicial
Check Part 1A item(s) being responded to:
11.H(1)(a)
11.H(1)(b)
11.H(1)(c)
11.H(2)

Check Part 1B item(s) being responded to:
2.F(1)
2.F(2)
2.F(3)
2.F(4)
2.F(5)
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Item 11.H. of Part 1A or Item 2.F. of Part 1B. Use only one DRP to report details related to the
same event. Unrelated civil judicial actions must be reported on separate DRPs.
PART I
A.  The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). 
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
CRD
Number:
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
VIDA MANAGEMENT I, LLC.
(For individuals, Last, First,
Middle)
CRD
Number:
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
VIDA LONGEVITY FUND, LP
(For individuals, Last, First,
Middle)
CRD
Number:
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
VIDA CAPITAL INC.
(For individuals, Last, First,
Middle)
CRD
Number:
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
VIDA CAPITAL, LLC.
(For individuals, Last, First,
Middle)
CRD
Number:
1690742
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
SERRA, JEFFREY, ROBERT
(For individuals, Last, First,
Middle)
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.H.
(1)(a), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances: 

B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
 Yes
 No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1.  Court Action initiated by: (Name of regulator, foreign financial regulatory authority, SRO, commodities exchange, agency, firm, private plaintiff, etc.) 
TIMOTHY O'HERN, SEMYON RODKIN, AND DOMINIC CARDINALE, INDIVIDUALLY AND ON BEHALF OF ALL OTHERS SIMILARLY SITUATED.
2.
Principal Relief Sought:
Money Damages (Private/Civil Complaint)
Other Relief Sought: 
3.
Filing Date of Court Action (MM/DD/YYYY):
03/19/2021
 Exact
 Explanation
If not exact, provide explanation:
4.
Principal Product Type:
Direct Investment(s) - DPP & LP Interest(s)
Other Product Types: 
5.
Formal Action was brought in (include name of Federal, State or Foreign Court, Location of Court - City or County and State or Country, Docket/Case
Number): 
UNITED STATES DISTRICT COURT, DISTRICT OF DELAWARE, WILMINGTON, DE - CASE 1:21-CV-00402-UNA
6.
Advisory Affiliate Employing Firm when activity occurred which led to the civil judicial action (if applicable): 
7.
Describe the allegations related to this civil action (your response must fit within the space provided): 
THE PLAINTIFFS ALLEGE THAT THE DEFENDANTS VIOLATED THE TEXAS SECURITIES ACT ("TSA") BY MISREPRESENTING AND/OR FAILING TO DISCLOSE
WEAKNESSES IN THE FUND'S INTERNAL PROCESSES AND PROCEDURES IN THE OFFERING MATERIALS.THE PLAINTIFFS ALSO ASSERT A CLAIM THAT
DEFENDANTS FAILED TO DISCLOSE ALLEGED MATERIAL CONFLICTS OF INTEREST PERTAINING TO INFORMATION THAT THEY BELIEVE WAS MATERIAL TO
INVESTORS AND SHOULD HAVE BEEN PROVIDED TO INVESTORS PRIOR TO MAKING A DECISION AS TO WHETHER TO INVEST IN THE FUND.
8.
Current Status? 
 Pending
 On Appeal
 Final
9.
If on appeal, action appealed to (provide name of court) and Date Appeal Filed (MM/DD/YYYY): 
10. If pending, date notice/process was served (MM/DD/YYYY):
 Exact
 Explanation
If not exact, provide explanation:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 14 only.
11. How was matter resolved:
Settled
12. Resolution Date (MM/DD/YYYY): 
05/02/2023
 Exact
 Explanation
If not exact, provide explanation:
13. Resolution Detail:
A.  Were any of the following Sanctions Ordered or Relief Granted(check appropriate items)?
Monetary/Fine Amount: $
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions:
N/A
C.
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,

disgorgement, or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion
of penalty was waived:
THERE WAS A SETTLEMENT OF CLAIMS AGAINST THE FUND, THE GP, VIDA CAPITAL MANAGEMENT, AND JEFF SERRA.
14. Provide a brief summary of circumstances related to the action(s), allegation(s), disposition(s) and/or finding(s) disclosed above (your response must
fit within the space provided). 
MARCH 2021 CLASS ACTION LAWSUIT FILED IN THE U.S. DISTRICT COURT FOR THE DISTRICT OF DELAWARE (GENERALLY REFERRED TO HEREIN AS THE
"COMPLAINT"). DEFENDANTS CONSIST OF THE VIDA LONGEVITY FUND, LP ("VLF") AND CERTAIN AFFILIATED ENTITIES AND JEFFREY R. SERRA
(COLLECTIVELY, THE "DEFENDANTS"). COMPLAINT GENERALLY ALLEGES THAT, IN VIOLATION OF THE TEXAS SECURITIES ACT, THE DEFENDANTS FAILED
TO DISCLOSE ALLEGEDLY MATERIAL INFORMATION RELATING TO VLF'S PURPORTED LACK OF ADEQUATE / WEAKNESS IN PROCESSES AND PROCEDURES
TO EVALUATE (I.E., UNDERWRITE AND ASSESS RISK) ITS LIFE SETTLEMENT ASSETS AND PURPORTED CONFLICTS OF INTEREST. THE INVOLVED PARTIES
HAVE CONTINUED TO MAKE POSITIVE FORWARD PROGRESS IN NEGOTIATING SETTLEMENT TERMS. THE PLAINTIFF'S / PLAINTIFF'S COUNSEL MOVED THE
COURT FOR I) PRELIMINARY APPROVAL OF THE PROPOSED SETTLEMENT, II) FOR AUTHORIZATION TO SEND NOTICE TO THE SETTLEMENT CLASS, AND
III) FOR THE SCHEDULING OF A FAIRNESS HEARING. THE COURT PROVIDED PRELIMINARY APPROVAL OF THE SETTLEMENT AND ITS TERMS ON
NOVEMBER 21, 2022. NOTICES WITH ADDITIONAL INFORMATION FOR ALL SETTLEMENT CLASS MEMBERS RELATED TO THE TERMS OF THE SETTLEMENT
AND ANY ACTIONS TO BE TAKEN WERE PROVIDED TO CLASS MEMBERS. THE COURT SET A FINAL FAIRNESS HEARING ON THE MATTER SCHEDULED FOR
APRIL 18, 2023. THE COURT HELD THE NOTED HEARING ON APRIL 18, 2023 AND REQUESTED A SHORT SUPPLEMENTAL BRIEF FROM THE PLAINTIFF'S
COUNSEL RELATING TO RESPONSE RATES. THAT SUPPLEMENTAL FILING OCCURRED ON APRIL 21, 2023, AND THE PARTIES ARE WAITING FOR THE
COURT TO ISSUE ITS ORDER ON THE MATTER. THAT SUPPLEMENTAL FILING OCCURRED ON APRIL 21, 2023, AND ON MAY 2, 2023, THE COURT ENTERED
AN ORDER APPROVING CLASS ACTION SETTLEMENT.

Includes form instructions and options. Options shown in this text do not identify which boxes were selected.

GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an 
INITIAL OR
AMENDED response used to report details for affirmative responses to Item 11.H. of Part
1A or Item 2.F. of Part 1B of Form ADV.
Civil Judicial
Check Part 1A item(s) being responded to:
11.H(1)(a)
11.H(1)(b)
11.H(1)(c)
11.H(2)
Check Part 1B item(s) being responded to:
2.F(1)
2.F(2)
2.F(3)
2.F(4)
2.F(5)
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Item 11.H. of Part 1A or Item 2.F. of Part 1B. Use only one DRP to report details related to the
same event. Unrelated civil judicial actions must be reported on separate DRPs.
PART I
A.  The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). 
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
CRD
Number:
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
VIDA CAPITAL INC.
(For individuals, Last, First,
Middle)
CRD
Number:
2269464
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
TICE, WILLIAM, WELLBORN
(For individuals, Last, First,
Middle)

CRD
Number:
155231
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
VIDA CAPITAL MANAGEMENT,
LLC
(For individuals, Last, First,
Middle)
CRD
Number:
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
VIDA LONGEVITY FUND, LP
(For individuals, Last, First,
Middle)
CRD
Number:
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
VIDA CAPITAL, LLC.
(For individuals, Last, First,
Middle)
CRD
Number:
4311062
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
YOUNG, DANIEL, JONATHAN
(For individuals, Last, First,
Middle)
CRD
Number:
1690742
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
SERRA, JEFFREY, ROBERT
(For individuals, Last, First,
Middle)
CRD
Number:
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
VIDA MANAGEMENT I, LLC.
(For individuals, Last, First,
Middle)
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.H.
(1)(a), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances: 
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
 Yes
 No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1.  Court Action initiated by: (Name of regulator, foreign financial regulatory authority, SRO, commodities exchange, agency, firm, private plaintiff, etc.) 
THE MOLLER FAMILY TRUST DERIVATIVELY AND ON BEHALF OF VIDA LONGEVITY FUND, LP VS. VIDA MANAGEMENT I, LLC VIDA CAPITAL MANAGEMENT
2.
Principal Relief Sought:
Money Damages (Private/Civil Complaint)

Other Relief Sought: 
3.
Filing Date of Court Action (MM/DD/YYYY):
09/28/2021
 Exact
 Explanation
If not exact, provide explanation:
4.
Principal Product Type:
Direct Investment(s) - DPP & LP Interest(s)
Other Product Types: 
5.
Formal Action was brought in (include name of Federal, State or Foreign Court, Location of Court - City or County and State or Country, Docket/Case
Number): 
COURT OF CHANCERY OF THE STATE OF DELAWARE, WILMINGTON - CIVIL ACTION NO. 2021-0823-MTZ.
6.
Advisory Affiliate Employing Firm when activity occurred which led to the civil judicial action (if applicable): 
VIDA LONGEVITY FUND.
7.
Describe the allegations related to this civil action (your response must fit within the space provided): 
THE PLAINTIFF ALLEGES THAT THE DEFENDANTS OVERVALUED A PORTION OF VIDA LONGEVITY FUND'S ("VLF") LIFE SETTLEMENT ASSETS FROM 2017
UNTIL LATE 2020, AND CLAIMS THAT THIS RESULTED IN A BREACH OF FIDUCIARY DUTY OF LOYALTY TO VLF IN NOT PROPERLY VALUING THE PORTFOLIO
AND RESULTING IN VLF PAYING EXCESSIVE MANAGEMENT FEES AND PERFORMANCE FEES, WHICH BENEFITED CERTAIN DEFENDANTS. THE PLAINTIFF
ALSO ALLEGES THAT THE NAMED INDIVIDUAL DEFENDANTS UNJUSTLY ENRICHED THEMSELVES THROUGH REDEMPTIONS WHEN VALUATIONS WERE
ALLEGEDLY INFLATED.
8.
Current Status? 
 Pending
 On Appeal
 Final
9.
If on appeal, action appealed to (provide name of court) and Date Appeal Filed (MM/DD/YYYY): 
10. If pending, date notice/process was served (MM/DD/YYYY):
 Exact
 Explanation
If not exact, provide explanation:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 14 only.
11. How was matter resolved:
Dismissed
12. Resolution Date (MM/DD/YYYY): 
07/14/2022
 Exact
 Explanation
If not exact, provide explanation:
THE DERIVATIVE PLAINTIFF HAS VOLUNTARILY DISMISSED THE DERIVATIVE ACTION FILED ON BEHALF OF VLF AGAINST VARIOUS VIDA-AFFILIATED
PERSONS AND ENTITIES.
13. Resolution Detail:
A.  Were any of the following Sanctions Ordered or Relief Granted(check appropriate items)?
Monetary/Fine Amount: $
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions:
N/A
C.
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement, or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion
of penalty was waived:
THE DERIVATIVE PLAINTIFF HAS VOLUNTARILY DISMISSED THE DERIVATIVE ACTION FILED ON BEHALF OF VLF AGAINST VARIOUS VIDA-AFFILIATED
PERSONS AND ENTITIES.
14. Provide a brief summary of circumstances related to the action(s), allegation(s), disposition(s) and/or finding(s) disclosed above (your response must
fit within the space provided). 
ON SEPTEMBER 28, 2021, A COMPLAINT WAS PUBLICLY FILED ON BEHALF OF VIDA LONGEVITY FUND ("VLF") NAMING AS DEFENDANTS CERTAIN
AFFILIATED ENTITIES OF VIDA CAPITAL MANAGEMENT, LLC, AS WELL AS JEFFREY R. SERRA, WILLIAM TICE AND DAN YOUNG, AS INDIVIDUAL
DEFENDANTS, AND NAMING VLF AS A NOMINAL DEFENDANT. THIS DERIVATIVE LAWSUIT WAS FILED IN THE COURT OF CHANCERY OF THE STATE OF
DELAWARE, CAPTIONED THE MOLLER FAMILY TRUST, DERIVATIVELY AND ON BEHALF OF VIDA LONGEVITY FUND, LP VS. VIDA MANAGEMENT I, LLC, VIDA

CAPITAL MANAGEMENT, LLC, VIDA CAPITAL, INC., VIDA CAPITAL, LLC, JEFFREY R. SERRA, DAN YOUNG AND WILLIAM TICE AND VIDA LONGEVITY FUND,
LP, A NOMINAL DEFENDANT, CIVIL ACTION NO. 2021-0823-MTZ. THIS DERIVATIVE LAWSUIT IS BASED ON ALLEGATIONS THAT OVERLAP WITH THOSE IN
THE PREVIOUSLY DISCLOSED SECURITIES CLASS ACTION COMPLAINT IN O'HERN, ET AL. V. VIDA LONGEVITY FUND, LP, ET AL., FILED IN MARCH 2021,
ALTHOUGH THE DERIVATIVE SUIT SEEKS RELIEF FOR VLF ITSELF, NOT FOR VLF'S LIMITED PARTNERS (AS THE CLASS ACTION DOES). THE DERIVATIVE
COMPLAINT ASSERTS CAUSES OF ACTION BASED ON ALLEGED OVERVALUATION OF A PORTION OF VLF'S LIFE SETTLEMENT ASSETS FROM 2017 UNTIL
LATE 2020, AND IT CLAIMS THAT THE NAMED ENTITY DEFENDANTS AND MR. SERRA BREACHED THEIR FIDUCIARY DUTY OF LOYALTY TO VLF IN NOT
PROPERLY VALUING THE PORTFOLIO AND IN PAYING EXCESSIVE MANAGEMENT FEES AND PERFORMANCE ALLOCATIONS BASED ON VLF'S PURPORTEDLY
INFLATED ASSETS AND PERFORMANCE. THE COMPLAINT ALSO CHARGES THAT THE INDIVIDUAL DEFENDANTS UNJUSTLY ENRICHED THEMSELVES
THROUGH REDEMPTIONS WHEN VALUATIONS WERE ALLEGEDLY INFLATED AND THAT VIDA ENTITIES WERE UNJUSTLY ENRICHED THROUGH RECEIPT OF
EXCESSIVE MANAGEMENT FEES AND PERFORMANCE ALLOCATIONS. VIDA CAPITAL MANAGEMENT AND THE INDIVIDUAL DEFENDANTS BELIEVE THAT THE
FIRM AND THE TEAM OPERATED WITH LIMITED PARTNERS' BEST INTERESTS IN MIND AND THAT ANY CLAIMS OF MISCONDUCT AREUNFOUNDED. THE
PARTIES HELD DISCUSSIONS ON THE MERITS OF THE CLAIMS MADE TO SEE IF THERE WAS ANY BASIS FOR A POTENTIAL RESOLUTION THEREOF AND
CONDUCTED A MEDIATION SESSION. PRIOR TO THE FINALIZATION OF AN ULITMATE RESOLUTION, THE PLAINTIFF DISMISSED THE MATTER ON JULY 14,
2022. NO FURTHER ACTION HAS BEEN TAKEN AND WE CONSIDER THE MATTER TO BE RESOLVED.