SmartKem extends CPI services agreement to June 30, 2025 with increased minimum spend and extension fee

SmartKem, Inc.

SmartKem's subsidiary extended its Framework Services Agreement with CPI Innovation Services to June 30, 2025 via a Letter of Variation.
Minimum spend for the extension period is £[***] per month plus VAT; a monthly extension fee of £[***] plus VAT also applies.
The extension aligns with a fee structure being discussed for a proposed new contract between the parties.
Machine unavailability due to Pragmatic's exit or Clean Room 2 setup will be handled per existing provisions; no deduction from minimum spend or fee for Clean Room 2 moves.
Certain financial details are omitted as confidential and not material.

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