Cushman & Wakefield Proposal_SES 1.11.23

HO

EXECUTIVE SUMMARY

data platforms utilized, and interactive models are included in the Scope of Work section . Incentives Procurement – The incentives team designated for this project (Tyler Hales and Amy Gerber) has strong working relationships with city, regional, and state level economic development organizations across the U.S. Our incentives team has a strong engagement with public/private partnerships and incentives granting agencies such as mayor’s and governor’s offices. C&W ensures that the applicable agencies develop an incentive package to benefit the company both from a short- and long-term business strategy. We will ensure competition at the state, regional, and city level to make sure we achieve the best possible financial, community partnership, and timeline outcomes. Transaction Management - C&W Transaction Management services are fully geared to enhancing SES AI’s business and real estate strategy. Our disciplined approach is based upon our team’s experience assisting similar clients facing similar challenges. The Transaction Management team will quarterback the entire transactions process keeping all parties aligned on SES AI’s business objectives and mitigate risk through the entire real estate life cycle regardless of the ultimate location. Supply Chain Optimization – Tim Foster leads C&W’s Supply Chain Optimization group. We understand that proximity to suppliers and customers is a key driver for this project’s ultimate location. Time will ensure that we optimize logistics costs and shipping times across the network to mitigate potential future hurdles. Project Management – Cushman & Wakefield’s Project Management team understands that real estate decisions go beyond scope, schedule and budget. We manage the planning, design and construction process, to ensure value and savings, without sacrificing quality. Our project managers consistently deliver 10% to 15% construction cost savings to our clients and schedule improvements, while minimizing project risks.

Furthermore, C&W has been Albemarle Corporation’s exclusive real estate provider for the last 2 years and recently executed a 5-year extension to assist with transaction management and site selection services across the world. C&W was also recently hired by Rivian to assist with the management of their national real estate portfolio. Services provided will include portfolio strategy, transaction management, business intelligence, build-to-suit consulting and site selection analytics for their approximately 100 locations nationwide. Should there be an opportunity to do so, we can assure that we will facilitate additional synergies that may be mutually beneficial to SES AI in the future. SCOPE OF WORK – INTEGRATED SITE SELECTION Our scope of work includes location selection advisory, incentives procurement, and transaction management services (collectively referred to as our “Integrated Site Selection Process”). This integrated approach ensures seamless coordination of these three primary workstreams (with designated leads for each identified above) which is critical to speed to market and overall success of the project. The proposed Project Timeline included in the Scope of Work section illustrates how the three major components of this project will be overlayed into a cohesive process. Location Selection Advisory – We have a best-in class team of location strategy, labor analytics, and supply chain considerations. Our process starts by identifying mission-critical criteria and screening viable markets. Potentially viable markets are run though a scorecarding process incorporating all factors of influence important to the success of this project for SES AI. Once a short-list of markets is determined our location advisory team works closely with Transaction Managers to evaluate sites in each market as well as Incentives experts to initiate a competitive incentives procurement process. The Location Advisory process often incorporate hundreds of data points into market screening and scorecarding. A sample of those factors of influence,