Limited Recourse Guaranty
Spero Therapeutics, Inc.
Certain identified information has been excluded from the exhibit by marking such portions with brackets (“[***]”) because it is both (i) not material and (ii) is the type of information that the registrant treats as private or confidential.
LIMITED RECOURSE GUARANTY
This LIMITED RECOURSE GUARANTY (this “Agreement”) dated as of July 8, 2026, is made by SPERO THERAPEUTICS, INC., a Delaware corporation (the “Guarantor”), in favor of HCR SPERO SPV, LLC, together with its successors and assigns, in its capacities as NPA Representative and RPA Representative for the benefit of the Note Purchasers and RPA Purchasers, respectively (in such capacities, the “Agent”). Capitalized terms used herein and not otherwise defined herein shall have the meanings set forth in the Note Purchase Agreement, Royalty Purchase Agreement or Issuer Contribution Agreement (each as defined below), as applicable; provided, that, if a term is defined in more than one such agreement, such term shall have the meaning assigned to it in the agreement expressly referenced herein or, if no agreement is expressly referenced, the meaning most consistent with the context and purpose of the provision in which such term is used.
RECITALS
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