Endurance Antarctica Partners, LLC - Oct 27, 2022 Form 4 Insider Report for Endurance Acquisition Corp. (EDNC)

Role: 10%+ Owner
Signature: /s/ Tyler Miller as attorney-in-fact for Endurance Antarctica Partners, LLC
Stock symbol: EDNC
Transactions as of: Oct 27, 2022
Transactions value $: $0
Form type: 4
Date filed: 10/31/2022, 05:27 PM
Previous filing: Sep 21, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EDNC	Class A Ordinary Shares	Options Exercise	$0	+2.77M		$0.00	2.77M	Oct 27, 2022	Direct	F3
transaction	EDNC	Class A Ordinary Shares	Disposed to Issuer		-2.77M	-100%		0	Oct 27, 2022	Direct	F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	EDNC	Class B Ordinary Shares	Options Exercise		-2.77M	-100%		0	Oct 27, 2022	Class A Ordinary Shares	2.77M		Direct	F1, F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Endurance Antarctica Partners, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Pursuant to the Business Combination Agreement, dated March 8, 2022, as amended, by and among the Issuer, SatixFy Communications Ltd., a limited liability company organized under the laws of the State of Israel ("SatixFy"), and SatixFy MS, a Cayman Islands exempted company and a direct, wholly owned subsidiary of SatixFy ("Merger Sub"), on October 27, 2022 Merger Sub merged with and into the Issuer, with the Issuer surviving as a wholly-owned subsidiary of SatixFy (the "Business Combination").
F2	As a result of the Business Combination, (i) each Class B ordinary share of the Issuer was automatically converted into one Class A ordinary share of the Issuer; (ii) each issued and outstanding Class A ordinary share of the Issuer was exchanged for one ordinary share of SatixFy; and (iii) the warrants held by the Reporting Persons to purchase Class A ordinary shares of the Issuer were automatically converted into a like number of warrants to purchase ordinary shares of SatixFy.
F3	Chandra R. Patel, Richard Charles Davis and Graeme B. Shaw share control over the managing member of Endurance Antarctica Partners, LLC (the "Sponsor") and therefore, indirectly, the Sponsor and, as a result, each may be deemed to beneficially own the securities reported herein. Each of Chandra R. Patel, Richard Charles Davis and Graeme B. Shaw disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein.
F4	750,000 Class B ordinary shares were forfeited when the underwriters' initial public offering over-allotment option expired unexercised. An additional 800,000 Class B ordinary shares were forfeited immediately prior to the closing of the Business Combination.