#1SatixFy Investor Presentation March 2022 SatixFy#2Disclaimer Cautionary Notes This presentation is for informational purposes only. This presentation shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful. This presentation has been prepared to assist interested parties in making their own evaluation with respect to a potential business combination between SatixFy Communications Ltd. ("SatixFy") and Endurance Acquisition Corp. ("Endurance") and the related transactions (the "Proposed Business Combination") and for no other purpose. These materials are exclusively for the use of the party or the parties to whom they have been provided by representatives of SatixFy and Endurance. By accepting these materials, the recipient acknowledges and agrees that he or she (a) will maintain the information and data contained herein in the strictest of confidence and will not, under any circumstances whatsoever, reproduce these materials, in whole or in part, or disclose any of the contents here of or the information and data contained herein to any other person without the prior written consent of both SatixFy and Endurance, (b) is not subject to any contractual or other obligation to disclose these materials to any other person or entity, (c) will return these materials, and any other materials that the recipient may have received in the course of considering an investment in SatixFy and Endurance and (d) will promptly notify SatixFy and Endurance and their respective representatives of any unauthorized release, disclosure or use of these materials or the information and data contained herein. Furthermore, all or a portion of the information contained in these materials may constitute material non-public information of SatixFy, Endurance and their affiliates, and other parties. By your acceptance of this presentation, you acknowledge that applicable securities laws restrict a person from purchasing or selling securities of a person with tradeable securities from communicating such information to any other person under circumstances in which it is reasonably foreseeable that such person is likely to purchase or sell such securities. Certain information included herein describes or assumes the expected terms that will be included in the agreements to be entered into by the parties to the Proposed Business Combination. Such agreements are under negotiation and subject to change. The consummation of the Proposed Business Combination is also subject to other various risks and contingencies, including customary closing conditions. There can be no assurance that the Proposed Business Combination will be consummated with the terms described herein or otherwise. As such, the subject matter of these materials is evolving and is subject to further change by SatixFy and Endurance in their joint and absolute discretion. Neither the Securities and Exchange Commission ("SEC") nor any securities commission of any other U.S. or non-U.S. jurisdiction has approved or disapproved of the Proposed Business Combination presented herein, or determined that this presentation is truthful or complete. No representations or warranties, express or implied, are given in, or in respect of, this presentation, and no person may rely on any of the information or projections contained herein. To the fullest extent permitted by law in no circumstances will SatixFy, Endurance, any placement agent or any of their respective subsidiaries, stockholders, affiliates, representatives, directors, officers, employees, advisers or agents be responsible or liable, including for a direct, indirect or consequential loss or loss of profit arising from the use of this presentation, its contents, its omissions, reliance on the information contained within it, or any opinions communicated in relation thereto or otherwise arising in connection there with. SatixFy 2#3Disclaimer (Continued) Forward-Looking Statements Please note that this confidential presentation regarding SatixFy, including any accompanying oral presentation, is designed to focus on the company's progress and achievements, not all material developments; may discuss uses of the company's products or technology that are not yet proven or approved; omits mention of significant risks; contains estimates and forecasts that are inherently uncertain; and contains summary information that is necessarily incomplete. Accordingly, it should not be given undue reliance. It also contains forward-looking statements regarding, among other things, plans, expectations, and SatixFy's future financial or operating performance. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," "potential" or "continue," or the negatives of these terms or variations of them or similar terminology. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from what is expressed or implied by such forward-looking statements. Any forward-looking statement is based on information available to SatixFy or Endurance as of the date of the statement. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by SatixFy and its management, and Endurance and its management, as the case may be, are inherently uncertain. Uncertainties and risk factors that could affect SatixFy's future performance and cause results to differ from the forward-looking statements in this presentation include, but are not limited to: the occurrence of any event, change or other circumstances that could give rise to the termination of the Proposed Business Combination; the outcome of any legal proceedings that may be instituted against SatixFy or Endurance, the combined company or others following the announcement of the Proposed Business Combination; the inability to complete the Proposed Business Combination due to the failure to obtain approval of the shareholders of SatixFy or Endurance or to satisfy other conditions to closing; changes to the proposed structure of the Proposed Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Proposed Business Combination; the ability to meet stock exchange listing standards following the consummation of the Proposed Business Combination; the risk that the Proposed Business Combination disrupts current plans and operations of SatixFy as a result of the announcement and consummation of the Proposed Business Combination; the ability to recognize the anticipated benefits of the Proposed Business Combination, which may be affected by, among other things, competition and the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and retain its management and key employees; costs related to the Proposed Business Combination; changes in applicable laws or regulations; SatixFy's estimates of expenses and profitability and underlying assumptions with respect to shareholder redemptions and purchase price and other adjustments; any downturn or volatility in economic conditions; the effects of COVID-19 or other epidemics; changes in the competitive environment affecting us or our customers, including our inability to introduce new products or technologies; the impact of pricing pressure and erosion; supply chain risks; risks to our ability to protect our intellectual property and avoid infringement by others, or claims of infringement against us; the possibility that SatixFy or Endurance may be adversely affected by other economic, business and/or competitive factors; SatixFy's estimates of our financial performance; risks related to the fact that we are incorporated in Israel and governed by Israeli law; and other risks and uncertainties set forth in the section entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in Endurance's final prospectus relating to its initial public offering dated August 26, 2021 and in subsequent filings with the SEC. SatixFy#4Disclaimer (Continued) Nothing in this presentation 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. None of Endurance, SatixFy or any placement agent undertakes any duty to update or revise any forward-looking statements. All written or oral forward-looking statements attributable to SatixFy are qualified by this caution. Financial Information The financial information contained in this presentation has been taken from or prepared based on the historical financial statements of SatixFy for the periods presented. SatixFy's historical financial information is prepared in accordance with International Financial Reporting Standards ("IFRS"). Such in formation has not been audited in accordance with Public Company Oversight Board ("PCAOB") standards. We cannot assure you that, had the financial statements been compliant with Regulation S-X under the Securities Act of 1933, as amended, and the regulations of the SEC promulgated thereunder or audited in accordance with PCAOB standards, there would not be differences and such differences could be material. An audit of SatixFy's financial statements in accordance with PCAOB standards is in process and will be included in the proxy statement relating to the Proposed Business Combination. Accordingly there may be material differences between the presentation of the financial information included in the presentation and in the proxy statement. Certain monetary amounts, percentages and other figures included in this presentation have been subject to rounding adjustments. Certain other amounts that appear in this presentation may not sum due to rounding. Non-Financial Measures This presentation includes certain financial measures not presented in accordance with generally accepted accounting principles ("GAAP"). These non-GAAP financial measures are not measures of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing SatixFy's financial results. Therefore, these measures should not be considered in isolation or as an alternative to net income, cash flows from operations or other measures of profitability, liquidity or performance under GAAP. You should be aware that SatixFy's presentation of these measures may not be comparable to similarly-titled measures used by other companies. SatixFy believes these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to SatixFy's financial condition and results of operations. This presentation also includes certain projections of non-GAAP financial measures. Due to the high variability and difficulty in making accurate forecasts and projections of some of the information excluded from these projected measures, together with some of the excluded information not being ascertainable or accessible, SatixFy is unable to quantify certain amounts that would be required to be included in the most directly comparable GAAP financial measures without unreasonable effort. Consequently, no disclosure of estimated comparable GAAP measures is included and no reconciliation of the forward-looking non-GAAP financial measures is included. SatixFy 4#5Disclaimer (Continued) Use of Projections This presentation contains financial forecasts with respect to SatixFy's projected financial results for the fiscal years 2021 through 2026. These projections should not be relied upon as being necessarily indicative of future results. The assumptions and estimates underlying the prospective financial information are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information, including those described above under "Forward-Looking Statements." Accordingly, there can be no assurance that the prospective results are indicative of the future performance of SatixFy or that actual results will not differ materially from those presented in the prospective financial information. Inclusion of the prospective financial information in this presentation should not be regarded as a representation by any person that the results contained in the prospective financial information will be achieved. Industry and Market Data; Trademarks This presentation also contains statistical data, estimates and forecasts that are based on independent industry publications or other publicly available information, as well as other information based on other third-party or internal sources. This information involves many assumptions and limitations, and you are cautioned not to give undue weight to such information. None of SatixFy, Endurance or any placement agent has independently verified the accuracy or completeness of the information contained in the industry publications and other publicly available information. Accordingly, none of SatixFy, Endurance or any placement agent makes any representation as to the accuracy or completeness of that information nor does SatixFy, Endurance or any placement agent undertake to update such information after the date of this presentation. In addition, this presentation does not purport to be all-inclusive or to contain all of the information that may be required to make a full analysis of SatixFy or the Proposed Business Combination. You should make your own evaluation of SatixFy and of the relevance and adequacy of the information and should make such other investigations as you deem necessary. This presentation may contain trademarks, service marks, trade names and copyrights of other companies, which are property of their respective owners. Solely for convenience, some of the trademarks, service marks, trade names and copyrights referred to in this Presentation may be listed without the TM, SM, (c) or (r) symbols, but SatixFy and Endurance will assert, to the fullest extent under applicable law, the right of the applicable owners, if any, to these trademarks, service marks, trade names and copyrights. SatixFy LO 5#6Disclaimer (Continued) Additional Information and Where to Find It This presentation relates to a proposed transaction between SatixFy and Endurance. This presentation does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. SatixFy intends to file a registration statement on Form F-4 that will include a proxy statement and prospectus. The proxy statement/prospectus will be sent to all Endurance stockholders. SatixFy and Endurance also will file other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders of Endurance are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction. Investors and security holders will be able to obtain free copies of the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Endurance through the website maintained by the SEC at www.sec.gov. In addition, the documents filed by Endurance may be obtained free of charge from Endurance's website at https://endurance acquisition.com/ or by written request to Endurance at Endurance Acquisition Corp., 630 Fifth Avenue, 20th Floor, New York, NY 10111. SatixFy#7Transaction Overview Transaction Structure Endurance Acquisition Corp. to merge with SatixFy at a pro-form a Enterprise Value of $632mm (7.2x 2023E Revenue) $29mm PIPE Units consisting of 1 ordinary Share and ½ a Warrant(1) PIPE includes non-dilutive downside protection to $6.50 pershare via a share transfer from SPAC Sponsor and SatixFy Rollover Equity ■ Downside protection measured based on average VWAP during the 30 days preceding the period that is 60 days post effectiveness of the registration statement Founders and existing shareholders to maintain ~65% pro-forma ownership and have opportunity to receive up to 27 million additional shares based upon share price performance, and SPAC sponsor has opportunity to earn up to 0.5 million additional share based upon share price performance Transaction is assumed to result in $236mm to cash on the balance sheet Sources & Uses Total Sources SPAC Cash in Trust PIPE Investment SatixFy Rollover Equity Francisco Partners Term Loan Francisco Partners Equity Fee Total Sources (2) Total Uses SatixFy Rollover Equity Cash to Balance Sheet / Primary Proceeds Illustrative Fees & Expenses (3) Francisco Partners Equity Fee Existing Debt Repayment Total Uses SatixFy $ in mm $201 29 526 55 8 $819 $ in mm $526 236 30 8 19 $819 Pro Forma Capitalization and Ownership (4) Pro Forma Capitalization ($mm except share price and share count) Share Price PF Shares Outstanding (mm) Equity Value (5) Plus: Debt Less: Cash to Balance Sheet Enterprise Value SPAC Public Shares 24.6% Francisco Partners Equity (⁹) 1.0% PIPE Investor Shares 3.6% SatixFy Roll-Over (6) 64.7% $10.00 81.3 $813 55 (236) $632 SPAC Founder Shares(7) 6.1% Note: The Company has put in place $75mm of committed equity facility. 1. Warrants are 5 years, $11.50 strike price (pari pas su with and having the same terms as the detachable Redeemable Warrants from the IPO Units). 2. Assumes no redemptions by SPAC shareholders. 3. Illustrative transaction fees and expenses for both SPAC and Company, including the $55mm term loan from Francisco Partners and a $25mm incremental backstop loan, deferred underwriting fee, PIPE fee and advisory/legal/other fees. 4. Excludes public and private placement SPAC warrants. 5. Assumes $19mm of existing debt repaid with proceeds from $55mm in Francisco Partners debt. 6. Ownership percentage is calculated on a fully diluted basis (including vested and unvested warrants and equity options utilizing the treasury stock method). Excludes 27.5mm in price adjustment shares and the new equity incentive plan. 7. Assumes (i) no forfeiture in connection with redemptions as described herein and (ii) excludes any additional shares that may vestupon achievement of share price performance targets as described herein. 8. ~0.8 million of shares issued to Francisco Partners as equity fee for funding of the loans.#8Endurance Acquisition Corp. ("EDNCU") Overview Business at a Glance Endurance Acquisition Corp. (NASDAQ: EDNCU) is a Nasdaq-listed blank check company sponsored by Antarctica Data Partners ● Reputation as sector experts and viewed as strategic investors by target companies Long-standing relationships with many of the strongest and most dynamic companies and management teams across company's target sectors ● Targets businesses operating in data infrastructure and analytics, with a primary focus on space and wireless industries and related technology and services In September 2021, the company completed its IPO with $201mm cash held in trust at closing Chandra Patel Chairman of the Board Antarctica Capital Graeme Shaw CTO Antarctica Capital Mi WEDDELL RE Managing Partner and Founder of Antarctica Capital with 28 years of experience in investment, financing, and M&A. Responsible for Antarctica Capital's strategic direction and core relationships and leads the firm's key expansion initiatives SIGA Source: Company Information. EarthDaily analytics. argosat EarthDaily analytics Orbital Managing Director of Antarctica Data Partners with over two decades of experience in the aerospace and telecommunications industries. Has designed, sold or purchased dozens of satellite projects worth billions of dollars SatixFy Well Defined Acquisition Criteria Highly Experienced Management Strong management team with demonstrated track record of success Benefit from access to public markets Forefront of "New Space & Data Satellite" market Scalable business model with high margins Richard Davis CEO PARTAGEPRINT Antarctica THERE Romeo Reyes CFO SolAero LEGHNOLOGIES Capital EarthDaily analytics argosat Managing Director of Antarctica Data Partners with over 25 years experience in corporate finance, private equity and space industry. Spent a decade investing in TMT companies with Lehman Brothers and Vantage Point Venture Partners Goldman Sachs SAS LEHMAN BROTHERS Merrill Lynch Jefferies UBS Veteran investment banker and leveraged finance research analyst with ~ 30 years of experience in the TMT sector. Instrumental in the origination and distribution of high yield and leveraged loan deals in the TMT space C#9Investment Highlights SatixFy 1 4 SatixFy Integrated fabless semiconductor and communications product supplier enabling satellite based broadband delivery to markets around the world 2 3 As of the end of 2021, the Company has spent over $180mm on R&D to create what we believe are the most advanced satellite and ground terminal chips in the world High visibility into ~$40mm of 2022 revenue through existing and anticipated contracts with existing customers Founded and built from the ground up by serial entrepreneurs whose prior companies included. Gilat Satellite Networks and Raysat Antenna Systems#10Key Differentiators • To our knowledge, SatixFy is the only vertically integrated semiconductor chip company providing products across the entire satellite communications value chain • SatixFy designs its chips, builds its products, codes its software and designs end-to-end systems that use its technologies • We believe SatixFy systems have much higher capacity, lower power, lower weight and lower costs than competing solutions. • SatixFy continues to develop its technologies aggressively to improve its leadership position • Companies like SatixFy that design their own silicon and use the chips to create end products are some of the most valuable companies in the world (e.g. Apple, Huawei, Samsung and Tesla) SatixFy SatixFy CX30008-A-1F2 14186.02 ES 1541 Satix SX3000B-A-1 70LM34186 02 E Korea 1541 10