Embark SPAC Presentation Deck

Market Dynamics Why We Think Being Platform-Agnostic is Important ● ● Aligned with the reality that most major carriers run mixed fleets Nearly 90% of top 25 carriers run 2+ OEMs and ~50% run 3+ OEMs Carriers are the ultimate decision makers on component selection Component OEMs multi-source parts from several suppliers to provide a menu to Carrier Supplier Supplier 1 2 Supplier 3 W NORTHERN GENESIS II Supplier 4 OEM 1 OEM 2 Carrier multi-sources from several OEMs Carrier selects components from each OEM menu Carrier is the ultimate decision maker Carrier M We currently purchase trucks from multiple OEMs and plan to continue this strategy to optimize the experience for our drivers and meet our Total Cost of Ownership objectives. Embark's investment to integrate its autonomous driving system with the major OEMs will allow us to test and deploy autonomous trucking capabilities without introducing a new OEM into our fleet for that sole purpose. " Trevor Fridfinnson Chief Operating Officer at Bison Transport 17

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