AppHarvest SPAC Presentation Deck

One of Nation's Largest Controlled Agriculture Facilities Morehead will cover more acres than all other U.S.-based greenhouses owned by sustainable production competitors combined; built to serve national grocery chains rather than competitors' hyper local strategy Facility Highlights ▪ Builder (Dalsem) provided turnkey, fixed- price contract ▪ Financed through sale-leaseback with Equilibrium Capital Expected completion in October 2020 60 45 90% A AppHarvest Acres of Controlled Indoor Farming Million Pounds of Annual Production Capacity Reduction in Water Usage vs. Field Agriculture -400 mi -425 mi -465 mi Strategically Located in Appalachia -385 mi -645 mi -580 mi -450 mi Located approximately one day's drive from -70% of U.S. population, which AppHarvest estimates will result in 80% lower transportation costs(a) (a) Figures are based on AppHarvest's expected market distribution and current market distribution estimates using Numarán, Mexico. 19

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