Cushman & Wakefield Proposal_SES

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PROJECT TEAM

PROJECT TEAM

PROJECT TEAM DESCRIPTION As illustrated on the previous page, the team will be specifically assembled for this project based on background and experience. Team members are chosen to provide world class site selection, incentives procurement, transaction management, and project management services. We understand the complexity, risk calculus, and capital investment associated with this project. Tyler Hales, the Strategy Lead for this project, has extensive experience across location strategy, business incentives, and advanced financial analytics. C&W’s site selection team has specifically performed work for two of SES AI’s commercial partners, Honda and LG, and recently advised them on a $4.4 billion production facility to be built in Ohio (click link for full story) . 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. 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. We utilize a proprietary location analysis mapping tool built specifically for companies in the battery supply chain - the Location Advisory process often incorporate hundreds of data points into market screening and scorecarding. A sample of those factors of influence, data platforms utilized, and interactive models are included in the Scope of Work section. LOCATION SELECTION AND STRATEGIC ADVISORY

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. In many cases there is a public/private regional agency tasked with the first layer of engagement with inbound projects. State level incentives are generally approved by the Governor’s office, sometimes requiring other approvals based on size and magnitude of the incentive. 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. FINANCIAL ANALYSIS Olan Young will work closely with the account team to lead financial analysis and guidance required for executive-level decision making and transaction execution throughout all phases of the project. He will perform comparative economic analysis of potential solutions including cash flow, income statement, and balance sheet impact to conform to SES’s financial methodologies.

TRANSACTION MANAGEMENT C&W Transaction Management services are fully geared to enhancing SES’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’s business objectives and mitigate risk through the entire real estate life cycle regardless of the ultimate location. As the process evolves and a short-list of cities developers, we will select best-in-class local market transaction managers to partner with. PROJECT MANAGEMENT Cushman & Wakefield offers a diverse team of project managers with a high level of relevant expertise. We start by listening to the needs of every client and every project in order to gain an understanding of what success means. We

are nimble and flexible and believe that in order to deliver a successful project we must set the groundwork early in the process. Specifically, Kyle Schneider, who will service as lead for this project if selected, has extensive battery materials manufacturing experience and understands how to deliver ground-up as well as TI manufacturing projects, especially focusing on growing companies who are looking to scale. Our project management group has wide geographic coverage in the United States and would be able to offer first in class talent regardless of the region. Due to C&W’s far reaching market knowledge, our first step for this particular project type would be to source the industry’s best hazardous material engineers to help set the stage as a basis of design. In addition to building the right team, C&W will also leverage local resources to ensure that our intel during the site selection process is detailed and fully vetted.

C&W EXPERIENCE C&W TRANSACTIONAL EXPERIENCE

C&W INCENTIVES EXPERIENCE (LAST 3 YEARS) 25+ PROJECTS OF 250,000 SF+ 8,000+ JOBS $2.0B+ CAPITAL SPEND

8 SES Proposal for Real Estate Services

Proposal for Real Estate Services SES 9