One Medical SPAC Presentation Deck

lora Health: Business Model Risk-based membership economics allow lora Health to capture value created through improved care quality and outcomes ● Membership-driven business model ● Value-based contracts create predictable and visible per-member revenue streams ● Revenue Per Member can improve over time through quality-improvement initiatives Medical Claims Expense¹ can improve over time from primary care engagement and population health management, improving member health and satisfaction, while reducing the need for avoidable and costly care, thus lowering total costs for seniors, plan sponsors, and CMS Improvements in Medical Claims Expense Ratio create a flywheel for future growth investment as well as long-term profitability 27 percentage points improvement over 4 years 103% (1) Medical Claims Expense represents costs paid to third-parties for care delivered outside of lora Health's primary care Historical Medical Claims Expense Ratio Demonstrated track record of improving medical claims expense ratio with member tenure 92% 90% 2017 76% Member Cohort Year 1 Medical Claims Expense Ratio 109% 104% 2018 = Year 2 83% Member Cohort Medical Claims Expense Revenue 97% Year 3 85% 2019 Member Cohort Member Cohort 99% Year 4 2020 21

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