Certain identified information marked with [***] has been excluded from the exhibit because it is both not material and is the type that the registrant treats as private or confidential.
STANDBY EQUITY PURCHASE AGREEMENT
THIS STANDBY EQUITY PURCHASE AGREEMENT (this “Agreement”) dated as of May 20, 2026 is made by and between YA II PN, LTD., a Cayman Islands exempt limited company (the “Investor”), and **XANADU QUANTUM TECHNOLOGIES LIMITED,**a company incorporated under the Business Corporations Act (Ontario) (the “Company”). The Investor and the Company may be referred to herein individually as a “Party” and collectively as the “Parties.”
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