SCYLAX Green Aviation

Calin GOLOGAN – CEO Rosario DE LUCA – CEO Development and commercialization of advanced technologies for all-electric aircraft JOIN THE ELECTRIC FLIGHT REVOLUTION! Why does the market need E-Planes?

“With air traffic doubling every 15 years, aviation emissions “After decades in which aircraft have been powered by are increasing by 4.5-6% a year”… fossil fuels, advances in materials, battery technology and advanced electrical propulsion and systems are holding By 2020, global international aviation emissions are out the promise of cleaner and cheaper commercial projected to be around 70% higher than in 2005 and the flight”… International Civil Aviation Organization (ICAO) forecasts that by 2050 they could grow by a further 300-700%. “But without electric technology those targets will be missed. Following the automotive industry, the aviation “The EU’s Flight path 2050 program calls for a 75% sector needs also more electric aircraft”… reduction in carbon emissions per passenger kilometer by 2050”… Executive Summary Eight years to build and certify an advanced 10 seat electric aircraft Scylax Aviation mission is to develop innovative sustainable technologies for the commercial electric aircraft markets. We focus on the research, development and commercialization of advanced technologies for all-electric aircraft. The vision of electric flight was conceived some years ago in Munich by one of our founders, Calin Gologan. Two years later in early 2011, Elektra One, an all electric leisure aviation light aircraft took off. In the past few years our founders Calin Gologan and Rosario De Luca were engaged with the conception and development of the electric commercial aircraft E10, supported by the experience and data of our shareholder ELEKTRA SOLAR GmbH official spin-off of the DLR (German Aerospace Center).

Scylax has secured partnerships and assembled leading team of engineers, executives and financial people to lead the company to successful execution on the mission.

Project timeline overview:

Phase 1 - Engineering and production of the E10 proof of concept (POC) & first flight in 3 years

Phase 2 - E10 certification in 5 years

Phase 3 – year 7-8 starting aircraft pre-series production E10 Introduction

Technical Data – E10

Propulsion: 2 electric engines Instrument Flight Rules: Yes (planned) Seat configuration: 10 Icing conditions: Known Series production: Starting in 2027 Pressurized: No

MTOW: 7,716 lb (3,500 kg) Maximum payload Empty weight: 5,952 lb (2,700 kg) Range (Today): 162 nm (300 km) Max. payload: 1,764 lb (800 kg) Weight of batteries: 2,205 lb (1,000 kg) Maximum payload Reserve for VFR: 45 min 45 min Range (8-10 years): 324 nm (600 km) Take-off distance: 1,312 ft 4 in (400 m) (50 feet obstacle) Cruise speed: 186 mph (300 km/h) (Econ cruise / 75%) Landing distance: 1,312 ft 4 in (400 m)

Max Cruise speed: 205 mph (330 km/h) Price Operational costs 109 €/h - Estimated Sales price: - Variable costs: USD119/h (€109/h) 41 €/h 2,1M USD (1,9M €) - Energy cost: USD51/h (€47/h)

1) Energy costs: US ~0,13 USD/kWh (EU ~0,20 €/kWh) 2) Variable costs considered: maintenance, inspections, labor and parts, engine restoration and miscellaneous costs. “The world wide market volume was in 2018 ~1.740 units per year and USD 2.7 billion revenue. The all electric aircraft could build a “The current fleet is huge and dominated by real new market replacing the current old fleet aircraft which mainly started in the early 70’s with piston engines & turboprop propulsion”… with fuel consumption above 35 l (10-12 gal) per hour per engine”…

World wide market - Single engine piston & k$ Total piston & Turboprop sales Turboprop sales $7.000.000 5000 $6.000.000 4000 $5.000.000 $4.000.000 3000 $3.000.000 2000 $2.000.000 1000 $1.000.000 0 $0

2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

1) Source: GAMA 2017 and 2018, piston engines & Turboprop only Target Market • Small Operators Taxi flights and limited freight transportation “E10 will be a challenger on the • Military operators medium- to high-end General Aviation market”… • FTOs (Flight Training Organizations) Multi-engine training and for advanced training for CPL “The customers are looking for very and ATPL low operational costs compared to today’s solutions”… • Public authorities Traffic observation • Individuals Personal transportation as a modern alternative to conventional General Aviation aircraft

Innovative and environmental friendly solution for airliners looking to replace their existing aging small commuters’ fleet…. E10/Competitors comparison – Operational variable cost in k Comparing E10 to current aircraft EUR depending on flight hours (1.800 flight hours considered) alternatives: what do we expect?

1200 - Low emission level for CO2 and low noise and vibration 1000 - Very low operational costs in terms of energy, airframe maintenance, inspections, labor and parts, Scylax E10 800 engine restoration and miscellaneous costs.

Quest Aircraft Kodiak - Easy maintenance 600 - The batteries will be cheaper, saver and with higher 208 Caravan density in the next three to five years k EUR 400 - Cheaper short-range flights, competitive to railroad. P2012 Traveller - Cheaper, faster, quieter and environmentally friendly 200 Britten-Norman BN-2 air cargo operations. Islander - Revitalization of smaller community airports, airfield 0 and air cargo networks 0 200 400 600 800 - Cheaper flight training 1000 1200 1400 1600 1800 Flight Hours Founders & Shareholders What are the key competences of SCYLAX for e-planes development? § Electric- and Solar flying Aircrafts – Manned and un-manned § Design & certification: Specialized in electric aircraft Design, Development and Certification for aircrafts: light, transport and military. Engineering & Certification Process (TC and STC). § R&D: Software Development, IP, prototyping and more. § Experience in certification procedures and own long relation with the certification authorities. Founders & Shareholders What are the key competences of SCYLAX for e-planes development?

• Management: planning & schedule, project execution, project controlling, contract management. • R&D: research, concept, technology and new products development, Structure and system integration • Support to the Certification • Experience: Door surroundings and mechanisms; Control surfaces and mechanisms; Hydraulics, , ECS, flight controls, electronics, avionics; Development of Composite components in aerospace and other industries. Founders & Shareholders The aviation company FLN Frisia- Luftverkehr GmbH in Norddeich was founded in 1969 to supplement shipping traffic to the East Frisian islands of Juist and Norderney by AG Reederei Norden- Frisia.

In 2014, the company merged with LFH Luftverkehr from Harle and since then serves as "island fliers" of the airfields Norddeich and Harle the destinations Juist and Wangerooge in regular service. At the moment "the island pilots" have a total of 14 Britten-Norman Islander and Cessna 172/182 aircraft. Maintenance and servicing of the aircraft is done by the subsidiary FLT Frisia Luftfahrttechnik GmbH in Harle. The FLN currently employs 60 people at both locations. “Last year, "the island pilots" transported a total of 133,000 passengers …” Elektra Solar and Scylax in press and media © SCYLAX GmbH. All rights reserved. Confidential and proprietary document.

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SCYLAX GmbH

Corporate Headquarter: Contact: Nymphenburger Str. 3 GOLOGAN Calin 80335 Munich Phone: +49 176 234 11491 GERMANY Email: [email protected] linkedin.com/in/calin-gologan-b741b610

DE LUCA Rosario Phone: +49 170 788 0227 Email: [email protected] linkedin.com/in/rosario-de-luca-99426566