AeroFarms SPAC Presentation Deck

AeroFarms is Ready to Bring its Leafy Greens Farms to New Markets AGX, ABU DHABI FARM PIPELINE Q2 20211 R&D and pilot grow rooms UNITED STATES² DANVILLE, VIRGINIA Q2 2021¹ Model 5, 48- tower farm AEROFARMS® Greater St. Louis Texas Triangle DEVELOPMENT TIMELINE NEXT FARM Target locations Q1 20221 48-tower farm Newark, NJ Southern US ~3 - 4 months Priority Market Competitive multi-state RFI Selection Comparative site analysis Incentive negotiations FUTURE FARMS Partial list of locations to serve target markets Q2 2022¹ 48-tower farm Danville, VA 9 Site Selection Q3 2022¹ 48-tower farm Abu Dhabi, UAE ARABIAN PENINSULA² Note: shown on a different scale than the map of the U.S. 4 - 5 months Engineering and design Competitive bids Permitting ¹ Date represents financial closing / start of construction for each farm location; 2 Maps are illustrative; 300-mile target areas not to scale De SITE SELECTION METHODOLOGY Prioritize locations for new farms considering: CUSTOMER: quality, expansion strategy MARKET DEPTH: population within 1 day drive COSTS: utilities, labor, construction, logistics SPEED TO BUILD: Permitting, ready utilities and infrastructure Financial Closing / Start of Construction INCENTIVES: Ability to attract incentives that reduce costs or create capital AeroFarms also won a World Wildlife Fund RFP to partner in developing a potential future farm ~ 12 months Construction of farm Equipment commissioning Hiring and training of personnel Start of Commercial Operations 27

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