The Investor Collaborative concluded 2021 having made four new investments, in receipt of several note payments and with three exits.

• 2021 IC investments included Puraclenz, QSM, Ottometric and Irrigreen
• We collected $10,000 of interest [over]due on our Labcloud note
• 7AC was acquired and payment received with a small portion held in escrow until May 2022
• AVG had two successful exits (Lessonly and Luma) so we received payment on our portion

All payments were distributed to individual members based on their portfolio positions. Activity is posted in our management platform, Seraf, which all members can access. We also use our LinkedIn page for events and articles of interest. We suggest you follow this page to keep abreast of all developments.

Each new investment is made pro rata, dividing the amount invested by the number of active members with sufficient capital to cover their portion of the amount. There are two exceptions:

• You may opt out by indicating you do NOT want to participate in the IC any more or
• You can contribute additional capital at any time to cover your portion and continue to be active

Using Seraf we are capable of managing “side car” investments by members who want to individually contribute a larger sum of capital to a specific deal.

The Steering Committee meets every other week on Wednesday at 4:30PM Eastern. All members are welcome to participate in the call.

Please contact me if you have any questions.

Joseph A. Puglisi
Chairman & Co-Manager
NAIC 2
(914) 623-8508
WWW.NAIC2.com

*** If you are aware of members who did not receive this update, please pass it along.