Shift SPAC Presentation Deck

Shift's Differentiated Strategy Focuses on Largest Segment of the Used Car Market Targeting Aged Vehicles Used Car Industry Sales by Age of Car Focus for Shift 84% Focus for other ecommerce dealers 5% 28% 25% 1-2 yrs 3-5 yrs 6-10 yrs 11+ yrs Focused on Largest Segment of Market Proportion of Car Listings by Age of Car 75% 68% 48% 50% ad 56% 11% 52% 50% 32% I SHIFTANA CARmax Vroom 4+ years Concentrated on Lower-Priced Vehicles Used Car Industry Listings by Price Focus for Shift 71% 16% 16% < $10K 2% 0% SHIFT CAVANA CARmax Vroom < $10K 40% 1% $10K-$20K >$20K Differentiated Value Segment Focus³ Proportion of Car Listings by Price Segment 64% 28% 72% 53% SHIFTCARVARA CARmax Vroom 1-3 years 'Based on representative set of 1.5 million listings from Vast.com 2Based on 9,200 confirmed dealer survey responses within InfoGroup data from NIADA; values are based on the percentage of dealer respondents with listings in the relative category 3Shift defines value segment cars as those with > 80,000 miles or > 8 years old Source: ecommerce listing data from company websites as of 2/14/2020; NIADA Used Car Industry Report 2019; Auto Dealer Monthly; Edmund's Millennial Car Shopping Report; Experian, CarStory by Vast 21% 57% / 99% I Franchised Dealers¹ Independent Dealers² SHIFTCAMA CARmax Vroom $10K-$20K 44% 20% 27% 1% 44% 79% SHIFT CAVANA CARmax VTOOM >$20K 00 8

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