The AeroFarms Opportunity

AeroFarms is Ready to Bring its Leafy Greens Farms to New Markets FARM PIPELINE AGX, ABU DHABI Q2 20211 R&D and pilot grow rooms UNITED STATES² DANVILLE, VIRGINIA Q2 20211 Model 5, 48- tower farm Greater St. Louis FUTURE FARMS Partial list of locations to serve target markets NEXT FARM Target locations Q1 20221 48-tower farm Q2 20221 48-tower farm Q3 20221 48-tower farm Newark, NJ Danville, VA Abu Dhabi, UAE Southern US Texas Triangle ARABIAN PENINSULA² Note: shown on a different scale than the map of the U.S. SITE SELECTION METHODOLOGY Prioritize locations for new farms considering: CUSTOMER: quality, expansion strategy MARKET DEPTH: population within 1 day drive COSTS: utilities, labor, construction, logistics SPEED TO BUILD: Permitting, ready utilities and infrastructure INCENTIVES: Ability to attract incentives that reduce costs or create capital AeroFarms also won a World Wildlife Fund RFP to partner in developing a potential future farm DEVELOPMENT TIMELINE Ni ~3-4 months 0 4-5 months Priority Market Competitive multi-state RFI Selection Site Comparative site analysis Selection Incentive negotiations Engineering and design Competitive bids Permitting Financial Closing / Start of Construction AEROFARMS 1 Date represents financial closing / start of construction for each farm location; 2 Maps are illustrative; 300-mile target areas not to scale ~ 12 months ◉ Construction of farm Start of Commercial Equipment commissioning Operations Hiring and training of personnel 27

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