The CEC Life Science Fund #1 is a sub-FUND of the First Degree Special Situations Fund VCC.

It sits under the VCC Umbrella Fund owned by the Fund Management Group FIRST DEGREE GLOBAL ASSET MANAGEMENT.

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Fund                                                   CEC Life Science Fund

Parent Fund                                     First Degree Fund VCC

Place of Formation                        Singapore

Structure                                          Variable Capital Company Sub-Fund

Fund Directors                                Martin O’Regan (independent)

                                                            Stephen Fisher (Manager representative)

Manager                                           First Degree Global Asset Management Pte. Ltd.

Managers Regulatory Status      Capital Markets Services Licence for Fund Management issued by MAS

Technical Advisor to Manager   CEC Life Sciences Pte. Ltd.

Target Fund Size                             USD 25 million

Minimum Subscription                USD 100,000

Subscriptions Open                      December 2020

Target Fund Life                             5 years

Portfolio Investments                  5-10

Target Fund Return                       3 - 5x amount invested (1)

Investment Restrictions              Maximum 40% of Fund assets in single investment, maximum holding 45% of                                                                              investment equity

Management Fees                        The greater of USD 40,000 or 2% of Fund AUM per annum

Performance Fees                         20% of returns above a 5% per annum hurdle rate

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(1) The actual return for investors from the Fund will depend upon the performance of the Fund’s investments and there is no guarantee that the target return will be achieved