Shift SPAC Presentation Deck

Proven Model Presents Massive Opportunity in Addressable Urban Markets Grow Current Markets Able to scale by achieving San Francisco penetration in addressable California markets 0.3% California 2019 Market Penetration¹ 16x 4.2% Current San Francisco Area Penetration² Add New Markets Shift targets urban, densely- populated markets 12.0% Current Population Coverage³ 6x 67.0% Target Population Coverage4 Proven Market Entry Playbook Achieved 1.0% market share in Portland after only 12 months Source: National Automobile Dealers Association for 2017; 4Q California New Car Dealers Association; Company filings 'California market penetration calculated by dividing Shift unit sales by total units sold in California 2Represents Shift total unit sales for ZIP codes in which Shift currently operates from San Francisco, South San Francisco, Daly City and Brisbane, divided by total used vehicle sales in the same area ³Includes MSA's within 60 miles of Shift reconditioning facilities in San Francisco, Los Angeles, San Diego, and Sacramento. 4Target population coverage calculated by dividing population of top 100 most highly populated U.S. MSAs by 2019 US population 5Represents Shift total unit sales for ZIP codes in which Shift currently operates, divided by total used vehicle sales in the same area 1.0% Portland 2019 Market Penetration 5 10x ~10% CarMax Market Penetration in Top Markets 25

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