Skillz SPAC Presentation Deck

PROPOSED TRANSACTION SUMMARY skillz Flying Eagle Acquisition Corp. ("FEAC") is a publicly listed special purpose acquisition company with over $690 million of cash in trust FEAC has agreed to combine with Skillz based on a $3.5 billion pre-money equity value ■ Historical annual revenue growth of over 100%¹ . Andrew Paradise will hold approximately 18% of the equity post-transaction . 24-Month Lockup: Substantially all shares held by existing Skillz stockholders and the Founder group subject to a 24-month lock-up period with limited 1.5m share quarterly releases per stockholder commencing 180 days post-closing Skillz will maintain, post-closing, a dual class stockholder structure with super voting rights for Andrew Paradise at a ratio of 20:1 . After giving effect to the transaction, the company will have approximately $250 million of unrestricted cash with public equity currency to accelerate growth . Total merger consideration to Skillz stockholders of $3.5 billion, which is expected to be comprised of $609 million in cash consideration (assuming no redemptions) and the remainder in stock issued by FEAC . Andrew Paradise and Casey Chafkin, founders of Skillz, have indicated they currently intend to receive substantially all of their merger consideration in the form of stock skillz Illustrative Sources and Uses ($ Millions) Sources FEAC Cash in Trust PIPE Proceeds Sellers Equity FEAC Sponsor Uptront Shares Existing Skillz Cash on Balance Sheet Total Sources Skillz Stockholders Notes: 11 Based off 2018A to 2020E revenue CAGR, 2 Post-transaction ownership excludes shares subject to earn-out $ 690 159 3,500 72 66 $ 4,487 58% Uses Cash on Balance Sheet Cash to Skillz Stockholders Sellers' Equity FEAC Sponsor Upfront Shares Transaction Expenses Post-Transaction Ownership² Total Uses 18 % FEAC Stockholders 18% $ 250 609 3,500 Founder/CEO 4% PIPE Investors 2% FEAC Sponsor 72 56 $4,487 33

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