AppHarvest SPAC Presentation Deck

Disclaimer Financial Information; Non-GAAP Financial Measures The financial information and data contained this Presentation is unaudited and does not conform to Regulation S-X. Accordingly, such information and data may not be included in, may be adjusted in, or may be presented differently in, any proxy statement/prospectus or registration statement or other report or document to be filed or furnished by Novus with the SEC. Some of the financial information and data contained in this Presentation, such as EBITDA, Adjusted EBITDA, Facility EBITDA and Free Cash Flow Before Growth Spend, has not been prepared in accordance with United States generally accepted accounting principles ("GAAP"). Novus and AppHarvest believe these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to AppHarvest's financial condition and results of operations. AppHarvest's management uses these non-GAAP measures for trend analyses and for budgeting and planning purposes. A reconciliation for AppHarvest's 2021E through 2025E non-GAAP financial measures to the most directly comparable GAAP financial measures is not included, because, without unreasonable effort, AppHarvest is unable to predict with reasonable certainty the amount or timing of non-GAAP adjustments that are used to calculate these Non-GAAP financial measures. See Slide 24 for additional information regarding non-GAAP financial measures. Novus and AppHarvest believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating projected operating results and trends AppHarvest's business. Other similar companies may present different non-GAAP measures or calculate similar non-GAAP measures differently. Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses that are required by to be presented in AppHarvest's GAAP financial statements. In addition, they are subject to inherent limitations they reflect the exercise of judgment by management about which expenses are excluded in determining these non-GAAP financial measures. You should review AppHarvest's audited financial statements prepared in accordance with GAAP, which will be included in a combined registration statement and proxy statement to be filed with the SEC. Trademarks This Presentation contains trademarks, service marks, trade names, and copyrights of Novus, AppHarvest, and other companies, which are the property of their respective owners. The information contained herein is as of September 8, 2020 and does not reflect any subsequent events. COWEN 599 Lexington Ave. New York, NY 10022 Mark Saraiva Managing Director O: (646) 562-1176 M: (201) 394-8432 [email protected] Rob Viola Director O: (646) 562-1182 M: (201) 274-6833 [email protected] Stephen Clarke Managing Director O: (646) 562-1190 M: (917) 405-3395 [email protected] Craig Gridelli Vice President 0: (646) 562-1143 M: (512) 705-5751 [email protected] Timothy Meyer Managing Director O: (646) 562-1222 M: (203) 747-5903 [email protected] Alicia Gresla Vice President O: (646) 562-1271 M: (773) 716-7988 [email protected] Christopher Weekes Managing Director O: (646) 562-1133 M: (917) 675-0241 Christopher. [email protected] Benjamin Samuels Vice President 0: (646) 562-1134 M: (516) 761-0020 [email protected] 3

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