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.