Solid Power extends JDA with BMW; milestones extended, BMW gets termination right from Dec 2025

Solid Power, Inc.

JDA term extended until certain development milestones achieved; BMW may terminate at will after Dec 31, 2025 if milestones unmet.
Deliverables, milestones, and cell performance requirements revised; updated annexes annexed to Amendment No. 6.
Remaining $75,000 payment from prior amendment due by end of Q2 2025, contingent on specified conditions.
New export compliance clause added; target date for non-exclusive sulfide electrolyte supply agreement changed to a redacted date.
BMW retains director nomination and observer rights on Solid Power's board.

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