AppHarvest SPAC Presentation Deck

AppHarvest Overview Developer and operator of applied technology large scale controlled indoor farms producing U.S. grown fresh produce for national grocers 60-acre Morehead, KY facility is among the largest indoor farms in the U.S. Development pipeline of 5+ future sites provides clear growth strategy ● Global food production is woefully short of estimated future needs National grocers desperate for sources of controlled indoor domestically grown produce, requiring thousands of acres of newly created U.S. production Reduces use of harmful pesticides, shipping costs and carbon footprint (a) Source Wageningen University & Research, July 2020 AppHarvest Kentucky ideally suited for AppHarvest's significant growth vision Geographically central location within a day's drive of approximately 70% of U.S. population Suitable weather conditions - temperature, sunshine, rainfall, humidity Large, under-utilized and hardworking labor force Business-friendly climate - permitting, engineering, legal Emerging AgTech ecosystem Executing on highly scalable and highly profitable growth vision First harvest in 2020 and revenue commencing in 2021 Development pipeline includes an additional 480 acres, projected to grow over 300M lbs of food annually ● Supported by industry leading impact and sustainability investors BUTCHIES Significant Market Opportunity 17K-20K Acres of Potential Development(a) Key Partners Dalsem: Specializes in high tech green house projects with over 85 years of experience America Major Domestic Distributor: One of the largest producers and distributors of greenhouse-grown oduce in North Key Investors RISE REST Equilibrium a revolution fund INCLUSIVE CAPITAL DALSEM LUPA SYSTEMS PARTNERS breyercapital NARYA

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