Mark R. Lockhart Gordon - Jul 16, 2021 Form 3 Insider Report for Decarbonization Plus Acquisition Corp (HYZN)

Role: Chief Financial Officer, Director
Signature: /s/ John Zavoli, Attorney-in-fact
Stock symbol: HYZN
Transactions as of: Jul 16, 2021
Transactions value $: $0
Form type: 3
Date filed: 7/16/2021, 09:08 PM
Next filing: Jul 26, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	HYZN	Class A Common Stock, par value $0.0001 per share						2.75M	Jul 16, 2021	By Ascent Funds SPV 1 LP	F1, F2, F3
holding	HYZN	Class A Common Stock, par value $0.0001 per share						6.87M	Jul 16, 2021	By Ascent Funds Management LLC	F1, F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On July 16, 2021, pursuant to the Business Combination Agreement and Plan of Reorganization, dated as of February 8, 2021 (the "Business Combination Agreement"), by and among Hyzon Motors Inc. (f/k/a Decarbonization Plus Acquisition Corporation) (the "Issuer"), DCRB Merger Sub Inc. a wholly owned subsidiary of the Issuer ("Merger Sub") and Hyzon Motors USA Inc. (f/k/a Hyzon Motors Inc.) ("Old Hyzon"), Merger Sub merged with and into Old Hyzon with Old Hyzon as the surviving corporation and a wholly owned subsidiary of the Issuer (the "Merger"). At the effective time of the Merger, each share of Old Hyzon common stock (including shares of Old Hyzon common stock resulting from the conversion of options held by Ascent Funds Management LLC but excluding shares of Old Hyzon common stock resulting from the conversion of certain convertible notes) was converted into (A) the right to receive the number shares of Class A common stock of the Issuer equal to the Exchange Ratio (1.7720)
F2	(Continued from footnote 1) and (B) the contingent right to receive the Earnout Shares (as defined in the Business Combination Agreement) in accordance with Section 3.03 of the Business Combination Agreement.
F3	The reporting person may be deemed to beneficially own the securities of the Issuer held directly by Ascent Funds SPV 1 LP ("Ascent Funds") by virtue of his ownership interest in Ascent Funds. The reporting person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein.
F4	The reporting person may be deemed to beneficially own the securities of the Issuer held directly by Ascent Funds Management LLC ("Ascent Management") by virtue of his ownership interest in Ascent Management. The reporting person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein.

Remarks:

See Exhibit 24 - Power of Attorney