Hyzon SPAC Presentation Deck

Pro Forma Equity Ownership US$ in millions, unless otherwise stated Cash Sources and Uses SOURCES SPAC Cash In Trust¹ PIPE Proceeds Total ■ $226 ■ 400 $626 USES Cash to Balance Sheet¹ Deal Expenses Total $576 Commentary All existing Hyzon shareholders will roll their interests into the pro forma company, with no shareholders cashing out 50 $626 Hyzon shareholders to receive up to three earn-outs of 9 million, 9 million and 5.25 million shares, triggered, respectively, if Hyzon's shares trade at or above $18.00, $20.00 and $35.00 per share for 20 out of 30 consecutive days during the 5-year period from closing, signaling strong conviction from existing shareholders in path to share price application Sponsor has agreed to convert 25% of its Private Placement Warrants into two equal earn-outs with $12.00/share and $14.00/share thresholds that must be met during the 5 years after the 1st anniversary of the closing, and to subject the remaining 75% to a 12-month lockup unless the common stock trades above $11.50/share for 20 of 30 consecutive days Capitalization SHARE PRICE Pro Forma Shares Outstanding² Equity Value Plus: Existing Net Debt Less: Cash to Balance Sheet¹ Enterprise Value Pro Forma Ownership²,3 Hyzon Existing Shareholders4 75% FINANCIALS $10.00 268.2 $2,682 0 576 $2,106 SPAC Shareholders 8% SPAC Founder Shares 2% 1 Assumes no redemption by SPAC's public stockholders. 2 Comprised of 200.0 million shares owned by existing Hyzon shareholders, 40.0 million PIPE shares, 22.6 million DCRB shares outstanding and 5.6 million Founder Shares outstanding. Shares to be owned by Hyzon shareholders subject to adjustment pursuant to definitive documents. DCRB shares outstanding subject to exercise of redemption rights in connection with DCRB stockholder vote. 3 Excludes public and private warrants of DCRB. 4 Horizon to own >50% of pro forma entity. HYZON | DCRB+ PIPE Investment 15% 38

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