#1Satum Loung MONDEE THE FUTURE OF TRAVEL, NOW COMPANY OVERVIEW August 2022#2Safe Harbor Statement (Under the Private Securities Litigation Reform Act of 1995) This presentation contains "forward-looking statements" within the meaning of federal securities law. Forward-looking statements can be identified by words such as: "believe," "can", ""may," "expects," "intends," "potential," "plans," "will" and similar references to future periods. Examples of forward- looking statements include, among others, statements we make regarding future growth, performance, business prospects and opportunities, future plans and intentions or other future events are forward looking statements. Such forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain. The Company cautions you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, the ability to implement business plans, forecasts, and other expectations after the recently completed business combination between ITHAX Acquisition Corp. and Mondee Holdings II, Inc., the outcome of any legal proceedings that may be instituted against the Company or others and any definitive agreements with respect thereto, the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees, the ability to meet Nasdaq's listing standards, and other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in the Company's registration statement on Form S-4 relating to the business combination declared effective by the U.S. Securities and Exchange Commission (the "SEC") on June 27, 2022, the Company's Current Report on Form 8-K filed with the SEC on July 20,2022, and in the Company's subsequent filings with the SEC. There may be additional risks that the Company does not presently know of or that the Company currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made, and the Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement to reflect events or circumstances after the date on which such statement is being made, or to reflect the occurrence of unanticipated events. MONDEE © 2022 All Rights Reserved | 2#3Chairman's Message Prasad Gundumogula Chairman, Chief Executive Officer, and Founder Mondee's second quarter 2022 accomplishments in key areas were marked by... Delivered Strong Results • Gross revenue of $614.8 million was up 180% year-over-year • Net revenue of $42.7 million was up 81% year-over-year Adjusted EBITDA* was $4.4 million, an improvement of $4.4 million from 2Q21 Capitalized on Market Recovery • Agile marketing initiative investments Targeting fastest recovering international regions Positioned for second half upside in late-recovering markets Continued to Evolve Next-Generation Travel-Tech Platform GenZ/Millennial traveler, Gig Economy worker focus ● Commenced full Proof-of-Concept pilot with major customers Accelerating traction with hotels & vacation rentals and ancillary solutions Positioned for Accretive M&A Strategy • Completed public-company debut on July 19, 2022 Capital and public market currency to fuel M&A strategy ● MONDEE *Please refer to the Appendix of this presentation for non-GAAP reconciliation tables. © 2022 All Rights Reserved | 3#4Capitalizing on Travel Recovery and New Market Channels South Pacific North America Middle East Indian Subcontinent Europe Central and South America Asia Africa Transaction % by Region 0% 1% 2% 5% *Source: internal Mondee analysis 6% 5% 8% 7% 6% 7& 9% 10% 14% 15% 2022-Q2 2019-Q2 17% 19% 19% 20% 25% 25% 28% 30% 30% 35% ● Agile repositioning to fastest recovering international regions • Poised to benefit from Asia recovery in second half of 2022 and Expansion of access to over 125 million closed-user group members • Almost 3X increase in daily tickets for our closed-user-group business ● ~3x year-over-year improvement in gross revenue MONDEE ~2x net revenue drove 46% Increase in Transactions © 2022 All Rights Reserved | 4#518: ( Air 自 CONTENT Hotels and Vacation Rentals Ancillaries A Cars Packages Cruises Theme Parks, Activities & Events User Generated Content SERVICE HUB Mondee Modern Marketplace Leisure Platform Trip Pro Closed-User Group Platform Trip Planet Retail Platform DISTRIBUTION Falcon Crowd Source Service Hub Gig Economy Workers Influencers, Cohorts Home-Based Agents Self Serviced Travel Cost-Sensitive Return-to-Travel Member Based Travel Curated, Personalized Content Omini Channel Shopping Subscription Services Local Experts Content Curation % TECH PLATFORM Omni-Channel Booking Platform Conversational Commerce Global Content Hub Fin-Tech Mar-Tech CRM CMS BI, Data Analytics & Dashboards Gig Economy#6Net-Gen Travel-Tech Platform Travel Tech & Distribution Platform Activity TripPro GIG Platform - Pilot in progress with major customers in Gig-workers space TripPlanet CUG Platform - Achieved ~4X transaction growth from Jan to June 2022 Fin-Tech Platform - Achieved 184% year- over-year revenue growth in 2Q22 *Source: internal Mondee analysis Global Content Hub Activity Enhanced Content Hub with more Hotels and vacation rentals, Air content, Ancillaries globally Working on expanding into Cruises, Theme Parks, Activities, and Events MONDEE © 2022 All Rights Reserved | 6#7Implementing M&A Growth Strategy We believe that our post-merger capital structure and public-market currency positions Mondee well to rapidly build on our accretive M&A platform. Public Company Debut ad 1.16% $154.78 77 Nasdag Composite 0.00% 0.00 1.360,05- -Nasdaq- MONDEE MOND 9.08% DJI *0.69% NasdaqListed +0.92 $11.05 +93.30 31,165.91 MONDEE. Wipbro DOWIONES Rocketrip tripplanet Nasdaq MONDEE Nasdaq Composite 0.00% 0.00 10.05 S&P 500 INDEX SP500 0.4% 23.000.7 09:30:05 Nasda Robust Pipeline of Current Opportunities # 1 2 3 5 6 Target Companies Hotels Air, Hotel Package Cruise Seven Other (Air, Hotel, Package, Tour, Corporate) MONDEE *Source: internal Mondee analysis Distribution Content Technology © 2022 All Rights Reserved | 7#82Q22 Financial Results Gross Revenue $614.8M +180% YoY Adjusted EBITDA* $4.4M Up from $0 in 2Q21 +31% QoQ Up from $2.2M in 1Q22 *Please refer to the Appendix of this presentation for non-GAAP reconciliation tables. Net Revenue $42.7M Adjusted EPS* $(0.04) +81% YoY +$0.03 YoY +13% QoQ +$0.02 QoQ MONDEE © 2022 All Rights Reserved | 8#91H22 Financial Results Gross Revenue $1,078M Adjusted EBITDA* $6.6M +708% YoY Up from $(4.0) in 1H21 *Please refer to the Appendix of this presentation for non-GAAP reconciliation tables. Net Revenue $80.3M Adjusted EPS* $(0.09) +117% YoY +$0.09 YoY MONDEE © 2022 All Rights Reserved | 9#102022 Financial Outlook $ 880 Net Revenue is projected to be in the range of $150 million to $160 million, representing YoY growth of 66% at the midpoint. Adjusted EBITDA is projected to be in the range of $15 million to $22 million, Representing YoY growth of 436% and a margin of 12%, at the midpoint. MONDEE © 2022 All Rights Reserved | 10#112 APPENDIX INVESTOR BRIEFING etBlue ht MONDEE MARCH 20#12Post-Merger Capital Structure July 18, 2022 Mondee completed its business combination with ITHAX Acquisition Corp. July 19, 2022 Mondee started trading on Nasdaq under the ticker "MOND" Mondee collected $70 million from the equity PIPE transaction consummated at the closing of the business combination and used part of that liquidity to optimize its capital structure and reduce net debt by $40 million to $157 million. As of August 12, 2022 Mondee had outstanding 81,247,218 of Class A common stock (74,747,218 shares plus 6,500,000 unvested earnout shares) and 12,412,500 redeemable warrants representing the right to purchase one share of Class A common stock. PIPE: 7,000,000 (in process of being registered) Warrants: 12,412,500 ($11.50 strike price) MONDEE Class A shares subject to a lockup: 66,233,750 (6-month lockup) Earnout: 6,500,000 (granted but not vested; another 2,500,000 not assigned) © 2022 All Rights Reserved | 12#13Non-GAAP Measurements MONDEE In addition to disclosing financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), this press release and the accompanying tables include adjusted EBITDA non-GAAP net income, and non-GAAP EPS. These non-GAAP financial measures are not calculated in accordance with GAAP as they have been adjusted to exclude the effects of stock-based compensation expenses, provision for income taxes, and the impacts of depreciation and amortization. We define Adjusted EBITDA as net loss before depreciation and amortization, provision for income taxes, interest expense (net), other income net, stock-based compensation, and gain on forgiveness of PPP loans. Non-GAAP net income (loss) is defined as net loss before the impacts of amortization of intangibles, provision for income taxes, stock-based compensation, and one time items. Non-GAAP net income (loss) per share is defined as non-GAAP net income (loss) on a per share basis. See "Reconciliation of GAAP to Non-GAAP Financial Measures" for a discussion of the applicable weighted-average shares outstanding. We believe these non-GAAP financial measures provide investors and other users of our financial information consistency and comparability with our past financial performance and facilitate period-to-period comparisons of our results of operations. With respect to adjusted EBITDA and non-GAAP net loss/ income, we believe these non-GAAP financial measures are useful in evaluating our profitability relative to the amount of revenue generated, excluding the impact of stock-based compensation expense and other one-time expenses. We also believe non-GAAP financial measures are useful in evaluating our operating performance compared to that of other companies in our industry, as these metrics eliminate the effects of stock-based compensation, which may vary for reasons unrelated to overall operating performance. We use these non-GAAP financial measures in conjunction with traditional GAAP measures as part of our overall assessment of our performance, including the preparation of our annual operating budget and quarterly forecasts, and to evaluate the effectiveness of our business strategies. Our definition may differ from the definitions used by other companies and therefore comparability may be limited. In addition, other companies may not publish this or similar metrics. Thus, our non-GAAP financial measures should be considered in addition to, not as a substitute for, nor superior to or in isolation from, measures prepared in accordance with GAAP. These non-GAAP financial measures may be limited in their usefulness because they do not present the full economic effect of our use of stock-based compensation. We compensate for these limitations by providing investors and other users of our financial information a reconciliation of the non-GAAP financial measure to the most closely related GAAP financial measures. However, we have not reconciled the non-GAAP guidance measures disclosed under "Financial Outlook" to their corresponding GAAP measures because certain reconciling items such as stock-based compensation and the corresponding provision for income taxes depend on factors such as the stock price at the time of award of future grants and thus cannot be reasonably predicted. Accordingly, reconciliations to the non-GAAP guidance measures is not available without unreasonable effort. We encourage investors and others to review our financial information in its entirety, not to rely on any single financial measure and to view non-GAAP net loss/ income and non-GAAP net loss/ income per share in conjunction with net loss and net loss per share. © 2022 All Rights Reserved | 13#14Non-GAAP Reconciliations Net Income (Loss) Interest expense, (net) Stock-based comp exp Depreciation & amortization Income tax provision Gain on forgiveness of PPP loan Other expense (income), net Adjusted EBITDA For the quarter ended June 30 2Q22 Actual $(2.1) $6.5 $0.1 $2.8 $0.2 $(2.0) $(1.0) $4.4 2Q21 Actual $(12.9) $5.7 $3.8 $3.3 $0.1 $0.0 $0.0 $0.0 Year-Over-Year A $10.8 $0.7 $(3.7) $(0.5) $0.2 $(2.0) $(1.1) $4.4 MONDEE % 83.7% 12.8% (98.0%) (16.3%) 293.3% n/m n/m n/m © 2022 All Rights Reserved | 14#15Non-GAAP Reconciliations Net Income (Loss) Interest expense, (net) Stock-based comp exp Depreciation & amortization Income tax provision Gain on forgiveness of PPP loan Other expense (income), net Adjusted EBITDA For the quarters ended June 30 and March 31 2022 Actual $(2.1) $6.5 $0.1 $2.8 $0.2 $(2.0) $(1.0) $4.4 1Q22 Actual $(7.0) $6.1 $0.1 $2.8 $0.1 $0.0 $0.2 $2.2 Quarter-Over-Quarter A $4.9 $0.4 $0.0 $(1.0) $0.2 $(2.0) $(1.2) $2.2 MONDEE % 70.0% 6.0% 0.0% (1.8%) 329.1% n/m n/m 100.2% © 2022 All Rights Reserved | 15#16Non-GAAP Reconciliations Net Income (Loss) Interest expense, (net) Stock-based comp exp Depreciation & amortization Income tax provision Gain on forgiveness of PPP loan Other expense (income), net Adjusted EBITDA For the six months ended June 30 2022 Actual $(9.1) $12.6 $0.2 $5.6 $0.3 $(2.0) $(0.9) $6.6 2021 Actual $(25.6) $11.2 $3.8 $6.5 $0.1 $0.0 $0.0 $(4.0) Year-Over-Year A $16.5 $1.4 $(3.6) $(0.9) $0.2 $(2.0) $(0.9) $10.6 MONDEE % 64.5% 12.6% (95.9%) (14.4%) 132.8% n/m n/m n/m © 2022 All Rights Reserved | 16#17Non-GAAP Reconciliations Net Income (Loss) Stock-based comp exp Amortization - intangibles Income tax provision One time expenses* Adjusted Net Income (Loss) For the quarter ended June 30 2Q22 Actual $(2.1) $0.1 $1.6 * One time expenses are primarily PPP Loan related for 2022 ** Share count is proforma as of the date of the business combination $0.2 $(2.8) $(3.0) 2021 Actual $(12.9) $3.8 $1.6 $0.1 $1.2 $(6.3) Year-Over-Year A $10.8 $(3.7) $0.0 $0.2 $(3.9) $3.3 MONDEE % 83.7% -98.0% 0.0% 293.3% n/m 53.0% © 2022 All Rights Reserved | 17#18Non-GAAP Reconciliations Net Income (Loss) Stock-based comp exp Amortization - intangibles Income tax provision One time expenses* Adjusted Net Income (Loss) For the quarters ended June 30 and March 31 2Q22 Actual $(2.1) $0.1 $1.6 $0.2 $(2.8) $(3.0) * One time expenses are primarily PPP Loan related for 2022 ** Share count is proforma as of the date of the business combination 1Q22 Actual $(7.0) $0.1 $2.1 $0.1 $0.4 $(4.4) Quarter-Over-Quarter A $4.9 $0.0 $(0.5) $0.2 $(3.1) $1.5 MONDEE % 70.0% 0.0% (23.5)% 329.1% n/m 33.0% © 2022 All Rights Reserved | 18#19Non-GAAP Reconciliations Net Income (Loss) Stock-based comp exp Amortization - intangibles Income tax provision One time expenses* Adjusted Net Income (Loss) For the six months ended June 30 2022 Actual -$(9.1) $0.2 $3.2 $0.3 $(2.8) $(8.2) * One time expenses are primarily PPP Loan related for 2022 ** Share count is proforma as of the date of the business combination 2021 Actual $(25.6) $3.8 $4.1 $0.1 $1.0 $(16.6) Year-Over-Year A $16.5 $(3.6) $(1.0) $0.2 $(3.8) $8.3 MONDEE % 64.5% (95.9%) (23.6%) 132.8% n/m 50.3% © 2022 All Rights Reserved | 19#20Non-GAAP Reconciliations Net Income (Loss) Share count** GAAP EPS Adjusted Net Income (Loss) Share count (fully diluted)** Adjusted EPS For the quarter ended June 30 2Q22 Actual $(2.1) 81.2 $(0.03) $(3.0) 93.7 $(0.03) * One time expenses are primarily PPP Loan related for 2022 ** Share count is proforma as of the date of the business combination 2Q21 Actual $(12.9) 81.2 $(0.16) $(6.3) 93.7 $(0.07) Year-Over-Year A $10.8 0.0 $0.13 $3.3 0.0 $0.04 MONDEE % 83.7% 0.0% 83.7% 53.0% 0.0% 53.0% © 2022 All Rights Reserved | 20#21Non-GAAP Reconciliations Net Income (Loss) Share count** GAAP EPS Adjusted Net Income (Loss) Share count (fully diluted)** Adjusted EPS For the quarters ended June 30 and March 31 2022 Actual $(2.1) 81.2 $(0.03) $(3.0) 93.7 $(0.03) * One time expenses are primarily PPP Loan related for 2022 ** Share count is proforma as of the date of the business combination 1Q22 Actual $(7.0) 81.2 $(0.09) $(4.4) 93.7 $(0.05) Year-Over-Year A $4.9 0.0 $0.06 $1.5 0.0 $0.02 MONDEE % 70.0% 0.0% 70.0% 33.0% 0.0% 33.0% © 2022 All Rights Reserved | 21#22Non-GAAP Reconciliations Net Income (Loss) Share count** GAAP EPS Adjusted Net Income (Loss) Share count (fully diluted)** Adjusted EPS For the six months ended June 30 2022 Actual $(9.1) 81.2 $(0.11) $(8.2) 93.7 $(0.09) * One time expenses are primarily PPP Loan related for 2022 ** Share count is proforma as of the date of the business combination 2021 Actual $(25.6) 81.2 $(0.32) $(16.6) 93.7 $(0.18) Year-Over-Year A 16.5 0.0 $0.20 $8.3 0.0 $0.09 MONDEE % 64.5% 0.0% 64.5% 50.3% 0.0% 50.3% © 2022 All Rights Reserved | 22#232 FULL INVESTOR PRESENTATION INVESTOR BRIEFING etBlue ht MONDEE MARCH 20#24Mondee Business Summary Hi-Growth and Profitable Travel Technology Company and Marketplace PJ 880 Modern Marketplace and Technology Platform disrupting the $1tn assisted/affiliated travel market Marketplace seamlessly connecting travel suppliers with gig agents, corporations and consumers on state-of-the-art operating system disrupting legacy incumbent platforms Mondee is both a growth & value play $3B¹ Gross Revenue, approx. 40% Organic - 62% Inorganic CAGR² 2015-19, 2019: $171M Adjusted Net Revenue, $40M Adjusted EBITDA³ Proven M&A Platform Successfully acquired and integrated 14 companies, driving exponential revenue growth in the Mondee ecosystem and achieving significant synergies MONDEE Modern disruptive Technology Platform and interface Indispensable operating system to travel ecosystem, disrupting legacy OTA and incumbent platforms Significant barriers to entry Market leadership protected by triple moat on content, distribution and unique technology Proven management team Decades of travel & technology industry experience, track record of growth & navigating the pandemic 1: 3bn = total sales volume in 2019 and 171m = net revenue for 2019 financial year; 2. 40% = organic CAGR (based off business in place in 2015) and 62% = CAGR including accretive M&A during the period; 3. Adjusted EBITDA is a non-GAAP financial measure, calculated as Net Loss before depreciation and amortization, provision for income taxes, interest expense (net), other income net, stock-based compensation, and gain on forgiveness of PPP loans. See "Disclaimer - Non-GAAP Financial Measures" MONDEE CH 8 888 © 2022 All Rights Reserved | 24#25Disrupting a segment of the $2T global travel market Capitalizing on an early opportunity to disrupt the assisted/affiliated travel segment.... 忍 Self-Service Consumer Travel Low Tech, No Touch Sources: IBIS, Phocus Wright Metasearch trivago KAYAK Airline, Hotel, Car Rental Sites Marriott ADELTA OTAS Expedia. Booking.com Global travel market, 2019 Bookings = $1.9T $0.9T 47% $1.0T 53% wwwww 24/7 Gig Economy Workers L. .... www SME ** Travel Agencies TMCs Clubs & Closed User Groups SMEs & Businesses Current operating systems are on legacy technology MONDEE Assisted/Affiliated Travel Old Tech, High Touch Ⓒ2022 All Rights Reserved | 25#26Pre-Pandemic Record of Rapid Growth and Market Share Expansion Mondee is building on pre-pandemic track record of exponential profitable growth, disruptive market penetration and delivering on key operating metrics since launching its initial modern operating system. Net Revenue Dollars, Millions $3B Gross Sales through the Marketplace 40% & 62% Organic & Inorganic CAGR's, 2015-2019 • 2019: $177m Organic + Inorganic Revenues • 2019: $46m Adjusted EBITDA • 50M Daily Searches, 5.4M air transactions • 26% Adjusted EBITDA Margin 2019 Hotel, Car, Cruise, Ancillary Expansion ● ● Market share² (%) Sources: Mondee financials, Phocus Wright Notes: MONDEE founded 2011 TRIPPRO launched¹ 25 2015 1.9 48 2016 2.2 1. In conjunction with the launch of TripPro, Prasad Gundumogula led a management buyout of the business and became CEO 2. Market share defined as Mondee's gross revenue as a proportion of gross revenues generated from B2B airfares for the North American market 62% CAGR, incl. M&A 40% Organic CAGR 54 2017 2.4x Market share growth 2.4 75 2018 3.5 77 100 2019 4.6 MONDEE Acquisitions Organic growth 2019 $70b NA wholesale airfare market Ⓒ2022 All Rights Reserved | 26#27Overcoming Challenges - - Mondee's Modern Travel Marketplace Platform Mondee's platform connects travel suppliers with consumers and their businesses, optimizing for all stakeholders Suppliers Airlines ☆ Hoteliers Wholesalers Ancillary providers Legacy Distribution Technology Platforms L 2. 3. 4. 5. 1 4 4 2 1 3 HOTEL of a E COMANDXXXX w N COMAND XXXX COMAND SAMARRE COMAND XXXX COMAND COMAND COMAND XXXX COMAND.XXXX... COMAND"... Xxxxx 224 14TH Travel Agent 1. Incomplete content (e.g., no low-cost carriers, no alternative accommodations) Text-based; not extendable to mobile Lack of modern messaging capabilities Credit-card focused for payments Inability to link search results and marketing messaging Mondee helps suppliers optimize inventory and utilize excess capacity 1. 2. 3. 4. 5. ST ww Mondee's Platform United Airlines Lot Polish Airlines vao $459. so $754 -30 www Comprehensive global content Modern user experience, extendable to Mobile Full suite of communication tools - integrated phone, email, SMS, chat Fintech platform, tailored to the travel market Multi-channel marketing platform MONDEE Consumers Travel Agents Corporations SME's & Nonprofits SME Consumers (subscription members) Mondee helps customers modernize technology, gain access to broader content and narrowcast their distribution Ⓒ2022 All Rights Reserved | 27#28Mondee - A Modern Marketplace for the Gig Economy The next generation consumer is here ... always connected, information empowered ... requiring a new marketplace and modern engagement models. Mondee is that marketplace ... adding significant value to ALL players in the travel ecosystem Gig Economy Workers • Agile Operating System Full Suite of Business Tools • Full Content Access ● Travel Suppliers • Excess Inventory Channel • Niche Market Targeting • Revenue & Yield Optimization • Value Added Distribution Partners Transaction Volume Rich Content Sharing FinTech Solutions ● 1*9 ● ● Toal MONDEE A Modern Marketplace NextGen Operating system Rich & Global Content Hub • Full FinTech Conversational Commerce • MarTech enabled • Mobile-forward Leisure Travelers • Curated Content, Personalized Experiences Hybrid Platforms - Self-service & Assisted Value-priced Any-device Connectivity ● ● MONDEE Small and Medium-Sized Businesses Personalized Employee Engagement Value-priced Content ● ● • Reduced Travel Spend ● • Engagement-to-reporting Management Membership Organizations • Member Benefits • Value-based Programs • Self Service Platforms Ⓒ2022 All Rights Reserved | 28#29The Gig traveler is setting the pace for change in the travel industry Traveler Generation Needs & Requirements Intermediaries & Distribution Solutions: Products & Services Timeline Aggregated Content Travel Affiliates SMES, Corporate Boomers Personal Computing Accessibility to inventory Pricing/Fare Transparency Travel Agents Managed Travel Web Electronic Payment Pre 2000s Price Sensitive Online Gen X Search-based Content Self-Service Support Cloud 2010s Self Serviced Travel Privacy Millennials Groups Online Support Gig Economy Workers Mobile "Bleisure" Personalization Experiential Content Gig Traveler Influencers, Cohorts Cost-Sensitive Return-to-Travel AI & Machine Learning 2020s Real-Time, Always On FOMO MONDEE Gen Z Conversational Commerce Home-Based Agents Member-Based Travel Multi-Tasker/Role Functionality Shifting Influence Levels Curated Content 2025s... Social Commerce Mondee's technology has continuously delivered the platforms to meet the evolving traveler needs... © 2022 All Rights Reserved | 29#30New 3D marketplace with an Uber-like Technology Platform Multi-dimension differentiators backed by our technology platform....positioning Mondee as a true crowd-sourced marketplace unpub Activities Cruises Car TRIPPRO Hotel Air Differentiated Content MONDEE Technology Platform User Generated Crowd-Sourced 600 Content Exclusive Content Tripplanet Public Content Conversational Commerce MONDEE MARKETPLACE Crowd-Sourced Services, Curation Rockętrip™ Service through crowd- sourced gig workers Curated Content & Personalized Experiences Gig Workers are Contributors FinTech Self Enrollment & Service MONDEE Channels & Networks Closed User Groups, Gig Networks, SMEs, etc. Consumers & Travelers Micro Networks & Consumer Personas MarTech Ⓒ2022 All Rights Reserved | 30#31Best-in-Class Products Tailored for the Gig Economy Travel Market Mondee's products now serve a variety of different customer segments across the B2B travel landscape Rockętrip™ tripplanet Launch date Target segment Description Customer base TRIPPRO 2015 Travel agents TMCs Platform for travel search, booking, and more 50,000+ agents 2013 (acquired in 2020) Large corporations Incentive platform that reduces corporate travel spending 50+ corporations June 2021 SMES Nonprofits Membership organizations Discount online booking site, with enhanced service 125M+ members MONDEE unpub August 2021 Subscribers, including consumer members Discount online subscription-based booking Soft launch/testing © 2022 All Rights Reserved | 31#32Proven Ability to Execute On Synergistic Acquisitions Mondee has been successful in executing and maximizing the value of acquisitions, regardless of market conditions Doubled-down during Strong track record of accretive M&A with 14 acquisitions the pandemic to expand products and brands 1 2 3 4 2011 FOUNDATION Skylink Largest N. American consolidator serving the Indian subcontinent Exploretrip Retail flight business and technology platform cFares Metasearch engine C&H Largest N. American consolidator serving Asia LO 5 6 7 2012 2013-2018 TransAm Largest N. American wholesaler serving South America and the South Pacific Hariworld Consolidator focused on the Middle East and Southeast Asia Aavan Vacations Tour company with extensive content 1 2 3 4 2019 LBF Travel Retail travel company with extensive call center operations Hotelwiz Hotel content hub Bookingwiz Marketing and ad platform for travel Avia Travel Travel club platform COVID-19 5 6 7 2020 Cosmopolitan Travel Services Largest and fastest growing N. American wholesaler Leto Travel Canadian consolidator Rocketrip Corporate travel incentives platform MONDEE Content Technology Distribution © 2022 All Rights Reserved | 32#33Implementing M&A Growth Strategy We believe that our post-merger capital structure and public-market currency positions Mondee well to rapidly build on our accretive M&A platform. Robust Pipeline of Current Opportunities # Target Companies 1 2 3 5 6 Hotels Air, Hotel Package Cruise Seven Other (Air, Hotel, Package, Tour, Corporate) *Source: internal Mondee analysis Distribution Content Technology Strong pipeline of potential acquisitions across content, global distribution footprint and technology add-ins ... $225M Revenue MONDEE $45M EBITDA © 2022 All Rights Reserved | 33#34Proven C-Suite Mondee is led by a team of seasoned entrepreneurs and executives, who together - have 100+ years of combined experience in the travel industry Prasad Gundumogula Chairman, Chief Executive Officer, and Founder Serial entrepreneur. Founder of Metaminds, Explore Trip, LogixCube, POD Technologies with successful exits Venkat Pasupuleti CTO Experienced CTO and entrepreneur, Former Avesta, Zoom Interview, Eze Technologies Orestes Fintiklis Vice Chairman and Chief Corporate Strategy and Business Development Officer Founder and Managing Director of Ithaca Capital, Former CEO of ITHAX Acquisition Corp Yuvraj Datta CCO Experienced travel executive focused on supplier and revenue management, Former Skylink Jim Dullum COO Experienced travel and technology executive and entrepreneur. Former EDS (an HP company), BTI Americas, Citicorp Michalis Tsakos President - Wholesale Entrepreneur, founded and grew CTS into the largest, fastest growing consolidator n North America MONDEE Dan Figenshu CFO Experienced CFO and entrepreneur. Former Rocketrip, Mic, The Blaze Michael Thomas President - Retail Serial entrepreneur, founded LBF Travel and sold other companies to Amadeus and Travelport © 2022 All Rights Reserved | 34#35Board of Directors Mondee's Board of directors with diverse and extensive experiences in public companies. Prasad Gundumogula Chairman, Chief Executive Officer, and Founder Orestes Fintiklis Vice Chairman and Chief Corporate Strategy and Business Development Officer Roopa Purushothaman Chief Economist, Head of Policy Advocacy, Tata Sons Private Limited Asi Ginio Co-Founder, Former CPO, COO, CEO, Tourico Holidays Inc. Noor Sweid Founder, General Partner, Global Ventures MONDEE Mona Aboelnaga Kanaan Managing Partner, K6 Investments LLC Pradeep Udhas Co-Founder, Senior Advisor, KPMG India © 2022 All Rights Reserved | 35#36Comparables Selection Mondee has no direct comparables, hence a selection of global travel B2B, B2C, and GDS businesses provide a proxy for valuation Geographic presence End market Retail exposure Corporate Customer mix CapEx requirement³ Sources: Public filings Notes: B2B B2C B2E B2E¹ Corporate MONDEE ctm Global EMEA APAC BOOKING HOLDINGS Global OTA 1. B2E Travel defined as a relationship between a business and a enterprise, most commonly for the purposes of facilitating employee business travel 2. AMS and SABR do not offer booking capability directly to consumers 3. CapEx as % of 2019A Revenue. 14 = < 5%, %2 = 5-10%, 34 = 10-15%, Full = >15% e expedia group Global AMADEUS Global ✓ x2 GDS Sabre Global ✓ x2 MONDEE Ⓒ2022 All Rights Reserved | 36#37Attractive Valuation Relative to Comps Comparables are trading at ~9-19x 2023 EV/EBITDA adjusting for capex. The implied valuation for Mondee represents a deep discount to comparables, despite Mondee's much higher historic growth rate. 2023F EV/(EBITDA- CapEx¹) Multiple² 2023F EV/EBITDA¹ Multiple² 2023F P/E¹ Ratio Revenue CAGR, 2015-19 (%) Sources: Public filings, Capital IQ Notes: 10.0x MONDEE Organic 9.5x MONDEE Organic 9.0x 40.0 1. Market data as of 8 August 2022 2. On a fully-diluted basis, excluding Earnout and Warrants. 6.3x MONDEE Organic + Acquisitions 6.1x MONDEE Organic + Acquisitions 5.6x 62.0 B2E Corporate 14.9x ctm 12.6x ctm 22.0x 17.7 12.9x BOOKING HOLDINGS 11.9x BOOKING HOLDINGS 16.2x 13.0 OTA 8.7x e expedia group 6.6x e expedia group 11.1x 16.0 18.8x AMADEUS 12.8x AMADEUS 22.5× 10.1 GDS MONDEE 16.8x Sabre 13.7x Sabre nm 7.6 Ⓒ2022 All Rights Reserved | 37#38Travel-Sector Public Companies - Current Valuation Levels 2023F EV/EBITDA¹ Multiple 2023F P/E¹ Ratio 2023F Net Leverage Ratio Revenue CAGR, 2015-19 (%) Sources: Public filings, Capital IQ Notes: 1. Market data as of 8 August 2022 9.5x MONDEE Organic 9.0x MONDEE Organic 1.4x 40.0 14.7x 20.7x 16.4x 0.3x OTAS / Travel Business Svcs Business Airlines Leisure Airlines Hotels 22.6 26.3x 5.5x 2.9x 7.6 8.7x OTAS / Travel Business Svcs Business Airlines Leisure Airlines Hotels 4.8x 3.4x 5.0 13.7x 12.7x 1.9x 8.7 20.8x 3.0x 4.3 8.5x Cruise 9.4x Cruise 5.9x 8.0 MONDEE Ⓒ2022 All Rights Reserved | 38