The AeroFarms Opportunity

Spring Valley Acquisition Corp. Leadership WHO WE ARE AND WHAT WE OFFER STRONG HISTORY OF VALUE CREATION REG $3,011 ENERGY TRANSFER $27,332 $289 > 10x $3,092 >9x CHRIS SORRELLS CEO BILLY QUINN Chairman Team with Extensive Transaction Experience in Sustainability Strong C-level Operational Expertise in Sustainability 20 Proprietary Network and Sourcing Capability Established Track Record of Building Publicly Traded Bellwethers VISTRA ENERGY QUANTA ENERGY TRANSFER APC American Pawer Conversion SUNPOWER REG XLFleet Memorial ARTESYN TECHRE power-o -one- Resolute Energy Corporation! 1 2012 IPO Current Market Cap ■In 2006, Sorrells lead an investment in Renewable Energy Group, Inc. while the company was beginning operations in a developing, but promising industry ■Grew revenues from ~$85mm in 2008 to ~$2.6bn in 2019 via organic growth and an aggressive acquisition strategy PEARL ENERGY INVESTMENTS 2006 IPO Current Market Cap ■In 2002, four years before its IPO, NGP was an original investor in Energy Transfer, which grew from a small private company into one of the largest publicly traded midstream corporations after its IPO in 2006 through several acquisitions and organic growth projects ■Pearl Energy Investments ("Pearl") is a Dallas, Texas-based investment firm with over $1.2bn of committed capital under management founded by Spring Valley chairman Billy Quinn Prior to founding Pearl, Mr. Quinn served as a Co-Managing Partner of Natural Gas Partners ("NGP"), a $20bn fund which created one of the first sustainability focused funds Pearl is rooted in energy and sustainability with 60+ years of combined experience The Spring Valley team has experience in scaling platforms that can be leveraged to create value for AeroFarms and its shareholders AEROFARMS® Source: Company filings, FactSet as of 5/14/2021 1 Pro forma for class A shares not directly listed in IPO 5 S Spring Valley Acquisition Corp

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