Cushman & Wakefield Proposal_SES 1.11.23

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EXECUTIVE SUMMARY

Tyler Hales will lead the Site Selection Team and as such, will manage the various service offerings that fall within this jurisdiction. Business Incentives, Supply Chain Optimization, Financial Modeling, & Industrial Location Strategy are all intricate components of the broader Site Selection Team that must work in parallel as the process evolves. Tyler has handpicked C&W’s top resources across the country to specifically lead each service offering based upon past experience and success on behalf of other clients. Kyle Schneider will lead the Project Management Team due to his previous experience assisting large battery manufacturers design their facilities while ensuring efficient construction timelines, which is particularly important given today’s supply chain constraints. Kyle will be the primary point of contact for the Project Management team and will manage the planning, design, and construction process to ensure value and savings without sacrificing quality. Further we will leverage Kyle and his team’s expertise as we perform due diligence on potential sites as part of our Transaction Management process. THE RIGHT EXPERIENCE While we realize most large brokerage firms are able to create an extensive list of large-scale site selection clients, C&W is uniquely positioned given our experience within the battery / battery component manufacturing industry. To name just a few examples, C&W recently advised Honda & LG on a $4.4 billion production facility to be built in Ohio. Our proposed Site Selection Team has extensive experience advising these and countless other advanced manufacturing projects throughout the country. We will apply this experience to execute this project efficiently and methodically for SES AI.

SES AI –

On behalf of Cushman & Wakefield (“C&W”) and our entire project team, we are thrilled to present our real estate site selection proposal for SES AI’s multi phase Electrolyte factory projects. We have outlined C&W’s applicable service lines and processes based on the feedback provided by SES AI’s team. We look forward to discussing further and helping your team drive successful outcomes for each EL factory project.

C&W UNIQUE STRENGTHS THE RIGHT TEAM

Understanding SES AI requires a trusted partner who understands the complexities of business incentives negotiations combined with the ability to mitigate supply chain obstacles while also ensuring speed-to-market delivery remains top of mind, we have assembled a world class team prepared to work in tandem to achieve excellence. We recognize projects of this scale require careful coordination and seamless execution. As such, we realize the importance of defining responsibilities, aligning objectives, driving sustainability, and ultimately securing a favorable real estate solution. In attempt to clearly define roles at the onset, we’ve divided the project team into three distinct subcategories – Transaction Management, Site Selection, & Project Management with a brief description of the leads for each below. Refer to the Project Team section for Transaction Team and be the primary points of contact for SES AI throughout the transaction process. Once the shortlist of potential cities is identified, they will coordinate with best in class brokers in each market to begin identifying specific sites and aggregating all applicable market information for SES AI. Their efforts will further augment the services provided by the Site Selection Team. the full team and organization structure. Steve Billigmeier & Sid Dixon will lead the