Blaize subsidiary enters referral deal with Burkhan; BST commits up to $56.5M in product purchases

Blaize Holdings, Inc.

BurTech Systems Tech ordered up to $56.5M of Blaize products from Q2 2025 through 2026 under referral agreement.
Blaize will pay Sales Partner a commission of up to 10% of gross revenue, 50% cash and 50% possibly in common stock.
Commission shares valued at VWAP over 5 days preceding PO date; issuance capped per Nasdaq Rule 5635(d).
Referral agreement has a 3-year term; 30-day termination for convenience or 5-day cure for material breach.
BST is an affiliate of Burkhan; transaction reviewed and approved by Audit Committee under related-party policy.

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