Material Agreement Form 8 K

On September 30, 2024, Solid Power Operating, Inc., a wholly owned subsidiary of Solid Power, Inc. (collectively, the "Company"), and BMW of North America, LLC ("BMW") entered into Amendment No. 6 to Joint Development Agreement ("Amendment No. 6"). The Company and BMW previously entered into a Joint Development Agreement, dated July 1, 2017 (as amended, the "JDA"). Pursuant to the terms of Amendment No. 6, the Company and BMW agreed to (i) extend the term of the JDA until the Company hits certain development milestones; provided that BMW will have termination rights in certain circumstances beginning on December 31, 2025, and (ii) revise certain deliverables and the timing to achieve various milestones and development targets and confirm cell performance requirements. BMW Holding B.V., an affiliate of BMW, has the right to nominate a director for election to the Company's board of directors (the "Board") as well as the right to designate an individual to attend meetings of the Board and its committees in a non-voting, observer capacity.

The foregoing description of Amendment No. 6 is qualified in its entirety by the full text of Amendment No. 6, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.