Stock Purchase Agreement
SPRUCE BIOSCIENCES, INC.
Stock PURCHASE AGREEMENT
ThisStock Purchase Agreement(this“Agreement”), dated as of August 7, 2026, is made by and amongSpruce Biosciences, Inc., a Delaware corporation (the“Company”), and the Purchasers listed onExhibit Ahereto, together with their respective successors and assigns (each, a “Purchaser” and collectively, the“Purchasers”).
Recitals
A.The Company and the Purchasers are executing and delivering this Agreement in reliance upon the exemption from the registration requirement of Section 5 of the Securities Act afforded by Section 4(a)(2) thereof and/or Rule 506(b) of Regulation D (“Regulation D”) as promulgated by the SEC under the Securities Act.
B.The Purchasers, severally, and not jointly, desire to purchase from the Company, and the Company desires to sell to the Purchasers, upon the terms and conditions stated in this Agreement, shares (the “Shares”)of the Company’s common stock, par value $0.0001 per share (“Common Stock”) having an aggregate purchase price of $5,500,000.
C.The capitalized terms used herein and not otherwise defined have the meanings given in Article 5 hereof.
Agreement
In consideration of the premises and the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and each Purchaser (severally and not jointly) hereby agree as follows:
Article 1
PURCHASE AND SALE
1.1
Closing.
(a)
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