XCOR Aerospace, Inc

XCOR Aerospace, Inc.

…Providing Low Cost, Safe & Responsive Access to Space

Founded in 1999 Located at Mojave Air & Spaceport, CA –Moving to Midland, TX Fourteen diﬀerent rocket engine designs –Approximately 5,000 ﬁrings –Innovative piston pump

High eﬃciency compression of liquid fuels and oxidizer But... Expensive to design Expensive to build Very expensive to maintain

1 Rate of Flow

Time

2 Single piston cylinder leads to sinusoidal variation in ﬂow.

1 Rate of Flow

Time 120° oﬀset

2 Adding a second piston cylinder begins to smooth out net ﬂuid ﬂow.

Average ﬂow = 1 1 unit/sec Rate of Flow

1 Rate of Flow

Time 120° oﬀset

2 Adding a third piston cylinder smooths out net fluid flow completely. Average flow = 1.5 unit/sec 1 Rate of Flow

Revenue producing Two generations of rocket-powered air vehicles already built & ﬂown Now building suborbital Lynx –FAA-licensed launch vehicle

Suborbital space vehicle Horizontal takeoﬀ/ landing from runway Two seats –Pilot plus one Small vehicle –Wingspan ~24 feet –Length ~30 feet

Multi-mission capable –In-cockpit experiments –External mount experiments –Test pilot/astronaut training –Upper atmospheric sampling –Nano-satellite launch –Space tourism

EZ-Rocket taught us … –Development of safe reusable propulsion –Integration into airframe –Low cost & safe operational procedures –Regulatory frameworkImproved

airframe skill sets and EZ-Rocket (2001-2005) avionics integration

X-Racer taught us … –Pump-fed fuel enabled high performance for future operations • 7 sorties/day! –Improved low cost ops and safety regime processes –Improved airframe skill X-Racer (2006-2008) sets and avionics integration

Aircraft-like operations –Takeoﬀ/land at any airport with a 7,500-foot (2350 m) runway and appropriate airspace Readily-available fuel (LOX/Kerosene) Fast turnaround Low maintenance –Two-hour engine runtime overhaul intervals Up to 4 suborbital sorties per day

Lynx Mark II Climb to 60,000 feet 1.8 minutes Climb to 100,000 feet 2.3 minutes Climb to 200,000 feet 3.0 minutes Max V Ascent Rate 3190 ft/sec Max Mach Ascent Mach 3.1 Max Mach Descent Mach 3.5 Max G-Force Ascent 2.7 G Max G-Force Descent 4.0 G Thrust/Weight Ratio 2.8 Nominal Apogee 110 km / 68 mi / 350,000 ft

200,000 feet above Mojave

350,000 feet above Mojave

Von Kármán Line

Resort Lodging: Thorough Medical Training Seminars 5 days, 4 nights Screening

Altitude Chamber

G-Force Training Options

Manufacturer – Orbital Outfitters – http://www.orbitaloutfitters.com Emergency pressure suit for suborbital operations (“get me down suit”) Features: • Life support functions for 30 mins @ 500 K Feet • Mass of <20 Kg • Comfortable for the wearer • Can be integrated into a parachute harness • Visibility which is superior to existing designs • Cooling systems from auto racing & film industry • Automatic rapid activation function • Intuitive to operate • Audio system interface to vehicle

Watch the video:

Length 27.9 ft 8.51 m Wingspan 24.2 ft 7.37 m Height 7.3 ft (with gear) 2.2 m Wing Area 239 ft2 22.2 m2 Aspect Ratio 2.2

Seating: 2-person side-by-side with 9500 ft Aeroshell: cabin pressurization and full pressure suits Lynx I graphite/epoxy Lynx II carbon/cyanate ester Flaps & Drag Brakes: powered LOX Tank: Rudders: Lynx I - Aluminum manual Lynx II - Teflon/S-glass Fuel and LOX tanks Elevons: segmented for CG control boosted manual Pressure Cabin: carbon/epoxy

Fuel Tanks: Leading Edges: carbon/epoxy Kovar over silica- composite alumina felt

Fully reusable –Low touch labor after ﬂights... “refuel and go!” Non-toxic propellants –LOX (Liquid Oxygen) –Kerosene or Methane Unique RCS thrusters –Non-toxic –Proprietary Bi-propellant

Lynx is a multi-mission capable vehicle for suborbital operations carrying … – People to 100 km (space tourism) – Payloads • Microgravity Experiments • Upper Atmospheric Research • Earth Observation • Equipment Test and Certification – Small Satellite Launch (<12kg) to LEO using expendable stage Operational Profile – Capable of up to four sorties per day – Horizontal takeoff and landing – Non-toxic propellants and fully reusable propulsion technology

Proposed Spaceport Georgia

This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, but not limited to, statements as to future operating results and plans that involve risks and uncertainties. We use words such as “expects”, “anticipates”, “believes”, “estimates”, the negative of these terms and similar expressions to identify forward looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by those projected in the forward-looking statements for any reason.

In addition, XCOR operates in highly competitive, consumer, technology-driven and rapidly changing aerospace, government, and civil space businesses. These businesses are affected by government regulation, economic, strategic, political and social conditions, consumer response to new and existing products and services, technological developments and, particularly in view of new technologies, the continued ability to protect intellectual property rights. Also, the industry we are in is risky and dangerous, with a history of catastrophic failures and loss of life. XCOR’s actual results could differ materially from management’s expectations because of changes in such factors or due to accident.

This Presentation has been prepared for the purpose of facilitating discussions between the recipient and the Company. While the information in this Presentation is believed to be accurate in all material respects, no representation is made by any party and nothing herein is or shall be relied upon as a promise or representation as to the future performance of the Company.

Forecasts are contained in this Presentation. Individuals are cautioned that forecasts are speculative and because of the subjective judgments and inherent uncertainties of forecasts, there can be no assurance that the Company’s actual future results or subsequent forecasts will not vary significantly from the forecasts set forth in this Presentation. The inclusion of forecasts set forth in this Presentation should not be regarded as a representation or warranty with respect to their accuracy or the accuracy of the underlying assumptions or that the Company will achieve or is likely to achieve any particular results.