Elms SPAC Presentation Deck

Case Study: Forum Merger II / Tattooed Chef Tattooed Cher Company Overview Tattooed Chef is a leading plant-based food company with operations in the United States and Italy, offering a broad portfolio of innovative plant-based food products FORUM MERGER CORPORATION Growth strategy includes expansion into supermarkets through existing and new retail customers for both private label and branded products, development of innovative product offerings, and partnerships opportunities in foodservice Transaction Overview $482 million enterprise value representing 2.2x Tattooed Chef's estimated 2021 net sales of $222 million, or 15.6x Tattooed Chef's estimated 2021 Adjusted EBITDA of $30.8 million Transaction funded through SPAC IPO proceeds. Pre-existing Tattooed Chef stockholders will be paid $75 million in cash consideration and roll-over shares are valued at approximately $344 million Pre-existing Tattooed Chef stockholders retained approximately 80% of their equity, which will convert into 60% of the outstanding shares of the combined company at closing, assuming no redemptions by Forum's public stockholders PF adj. EBITDA targets were $17.2 million and $30.8 million in 2020 and 2021, respectively Note: Adj. EBITDA margin is a non-GAAP metric. The ~$207mm in cash held in Forum's trust account will be used to pay cash consideration to current shareholders of Tattooed Chef and transaction expenses, with the remainder staying on the balance sheet to fund the combined company's growth and for general corporate purposes 46 ($ in millions) Revenue Adj. EBITDA margin NM $48 2018 Financial Overview (¹) $7 $85 2019 Investment Thesis $17 $148 2020E ELMS ELECTRIC LAST MILE SOLUTIONS $31 $222 2021P Strong product positioning aligned with major consumer trends including plant-based, cleaner label, protein- rich, and organic Provides Tattooed Chef to strengthen balance sheet and continue to pursue attractive growth prospects

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