Amended and Restated Supply and License Agreement, dated July 1, 2021, between Novavax, Inc. and Serum Institute of India Private Limited

This Amended and Restated Supply and License Agreement (the “Restated Agreement”) is entered into and made effective as of the last date of signature by the Parties to this Agreement (the “Effective Date of Restatement”), by and between Serum Institute of India Private Limited., an Indian company having its principal place of business at 212/2, Off Soli Poonawalla Road, Hadapsar, Pune 411028 (“SIIPL”, which expression shall, unless repugnant to the context thereof, mean and include its Affiliates, successors and permitted assigns), and Novavax, Inc., a Delaware, USA corporation having its principal place of business at 21 Firstfield Road, Gaithersburg, MD 20878 USA (“Novavax”, which expression shall, unless repugnant to the context thereof, mean and include its Affiliates). Novavax and SIIPL may each be referred to herein individually as a “Party” and collectively as the “Parties.”

WHEREAS, Novavax has developed and is the exclusive owner of one or more Novavax antigens developed for use as a human vaccine against the COVID-19 coronavirus in prototype or variant form, which at a minimum includes BV2373, and may include additional evolved, mutated or variant antigens whether being developed separately, collectively, or in combination with each other (“Drug Substance”) (which subsequent antigens will be separately detailed by the Parties from time to time during the Term), and Matrix-M™ (“Adjuvant”);

WHEREAS, SIIPL is a global vaccine manufacturer specializing in life saving vaccines;

WHEREAS, the Parties entered into a Supply and License Agreement, dated July 30, 2020 (“Original Agreement”) pursuant to which SIIPL has the right use the Drug Substance (BV2373), and the Adjuvant and the Licensed Know-How to Develop, Manufacture, and Commercialize, by SIIPL, a vaccine product derived from a coformulation of the Drug Substance (BV2373) and the Adjuvant (not as a combination product with any other active ingredient), and use such vaccine product in the Field and now (the “Product(s)”);

WHEREAS, under the Original Agreement, Novavax agreed to (a) continuously supply to SIIPL the Drug Substance (BV2373) and the Adjuvant as per the Forecast requirement of SIIPL in the SIIPL Territory, (b) grants to SIIPL an exclusive license in the SIIPL Exclusive Territory to use the Drug Substance (BV2373) and the Adjuvant to enable SIIPL to Manufacture, and Commercialize the Product, (c) grant to SIIPL a nonexclusive license in the SIIPL Non-Exclusive Territory to use the Drug Substance (BV2373) and the Adjuvant to enable SIIPL to Manufacture, and Commercialize the Product, and (d) provide to SIIPL the Licensed Know-How Controlled by Novavax or its Affiliates (including the improvements if any), in accordance with the terms and conditions of the Original Agreement;

WHEREAS, subsequently, Parties negotiated in good faith and mutually agreed that Novavax would additionally grant SIIPL a non-exclusive license to Manufacture the Drug Substance solely for the purpose of Manufacturing the Product and accordingly executed an Amendment dated 14th September 2020 to the Supply and License Agreement (“Amendment No. 1”);

WHEREAS, both Parties now wish to combine, and restate and replace in their entirety, the Original Agreement and the Amendment No. 1, along with additional terms and conditions, into

a single supply and license agreement which shall, from the Effective Date of Restatement, take full force and effect, hence this Restated Agreement.

Capitalized terms used in this Restated Agreement will have the meaning ascribed to them in the preamble and recitals to this Restated Agreement above, Appendix A, or otherwise as defined in this Restated Agreement below.

2.1Supply of Adjuvant.

a.Supply of Adjuvant to SIIPL. During the Term, Novavax will supply to SIIPL its requirements of Adjuvant as per a Forecast to Manufacture and Commercialize the Product in the SIIPL Territory. Adjuvant shall be in mutually acceptable standard fill volumes, concentration, and bulk packaging and meet other specifications and requirements set forth in a Quality Agreement to be negotiated and executed by the Parties within [***] of the Effective Date of Restatement (the “Adjuvant Specifications”). The Parties agree that the Quality Agreement will be executed between the Parties.

b.Pharmacovigilance Agreement. The Parties have negotiated and entered into a safety reporting agreement on customary, [***] mutually agreeable terms, which shall govern the Parties’ pharmacovigilance activities and responsibilities in connection with the performance of this Restated Agreement.

2.2Safety Stock for Adjuvant.

a.Subject to the last sentence of this Section 2.2 a., Novavax shall establish a safety stock of the Adjuvant and shall thereafter maintain such safety stock exclusively available to SIIPL in quantities [***] (the “Safety Stock”). Novavax shall keep SIIPL [***] informed of the level of the Safety Stock. If the Safety Stock drops below [***], Novavax shall use [***] to replenish the Safety Stock [***]. [***]. Parties agree that the quantity of Adjuvant to be kept in the Safety Stock shall be [***].

2.3Responsibilities of Novavax.

a.Supply of Adjuvant. During the Term, Novavax will have [***] with respect to obtaining and maintaining the facilities and necessary raw materials, equipment, qualified personnel, Regulatory Approvals, licenses, and permits, to Manufacture and deliver to SIIPL the Adjuvant in accordance with this Restated Agreement. Novavax will solely be responsible for all vendors, employees, contractors, and

other Persons employed or engaged by it to Manufacture the Adjuvant. Novavax will provide to SIIPL [***] necessary to enable SIIPL to formulate the Adjuvant with the Drug Substance to enable SIIPL to Manufacture the Product.

b.Novavax Improvements. In the event Novavax makes any Novavax Improvements during the Term to the Adjuvant, the same shall be provided to SIIPL [***] under the terms and conditions agreed herein this Restated Agreement.

c.Transfer of Licensed Know-How to SIIPL. Novavax will provide to SIIPL all of the Licensed Know-How to the extent necessary to Manufacture the Drug Substance and Manufacture and Commercialize the Product in the SIIPL Territory.

2.4Responsibilities of SIIPL.

a.Manufacture of the Drug Substance.

The Parties hereby agree that SIIPL shall perform/ receive Technology Transfer from Novavax, process Development and any Manufacture and further Development of Drug Substance at SIIPL’s manufacturing facility, subject to the terms and conditions set forth in this Restated Agreement.

Provision Raw Materials. [***]

b.Manufacture of the Product. Subject to and as further described in Sections 2.4.c and 2.4.d, SIIPL will have [***], and shall use its [***], with respect to obtaining and maintaining the facilities and all necessary raw materials, equipment, qualified personnel, Regulatory Approvals, licenses, and permits to Develop and Manufacture the Product as necessary to perform its obligations under this Restated Agreement within the SIIPL Territory. SIIPL will solely be responsible for all vendors, employees, contractors, and other Persons employed or engaged by it, and all costs and expenses incurred, in the performance of such obligations. Notwithstanding the previous, SIIPL agrees to provide rights of access to regulatory files related to countries that at any time during the Term belonged in the SIIPL Non-Exclusive Territory and agrees to work in collaboration with Novavax or its designee. SIIPL and Novavax, including any of their licensees agree that in no case will it use a permit, regulatory licenses or a contractual arrangement as a means of preventing the other Party or any of its licensees from Developing, Manufacturing and/or Commercializing the Product in the SIIPL Non-Exclusive Territory.

c.Development of the Product. SIIPL will have [***] with respect to the Development of the Product throughout the SIIPL Territory, subject to and as further described in this Section 2.4.c. SIIPL will obtain and maintain all Regulatory Approvals required to Develop and Commercialize the Product throughout the SIIPL Territory. SIIPL will perform all Development of the Product (including all regulatory actions) in accordance with the written plan for

such Development (the “Development Plan”). The Development Plan any updates thereto will include a [***] Development activities for the Product and approximate timelines for such activities, provided that such timelines are subject to change due to applicable timelines and requirements of Governmental Authorities, including for obtaining and maintaining permissions and other Regulatory Approvals. The Development Plan and updates thereto will include all Development activities necessary to file each BLA and to obtain and maintain all Regulatory Approvals to Commercialize the Product in each country in the SIIPL Territory and any other activities otherwise recommended or required by the applicable regulatory authority in any country in the SIIPL Territory to obtain or maintain such Regulatory Approvals. SIIPL will update the Development Plan [***], and will provide each such update to Novavax for review and approval. In addition, any such update shall be provided to the JSC in accordance with Section 2.7 (Governance). SIIPL will incorporate all reasonable comments received from Novavax regarding Development activities for the Product that are relevant to obtaining or maintaining Regulatory Approvals to Commercialize the Product in any country in the SIIPL Territory.

d.Regulatory Activities. Subject to and as further described in this Section 2.4.(d), SIIPL will have [***] with respect to all regulatory activities for the Product in the SIIPL Territory, including obtaining and maintaining, in its name or the name of its designee / Affiliates, all Regulatory Approvals, licenses, and permits required to Commercialize the Product in the SIIPL Territory, and any correspondence or meetings with regulatory authorities regarding any of the foregoing, provided that SIIPL shall give Novavax [***] notice that SIIPL will be providing any such submissions for Novavax’ review, which review shall not unreasonably delay such filings, or as may be decided by the Parties mutually, in advance of SIIPL’s filing or submission thereof, and SIIPL will incorporate any reasonable comments received from Novavax into such regulatory submissions (including with respect to the inclusion or exclusion of Novavax’ Confidential Information). SIIPL will conduct such regulatory activities in accordance with the then-current Development Plan. SIIPL will be solely responsible for all costs and expenses incurred by it to obtain and maintain such Regulatory Approvals required to Commercialize the Product in the SIIPL Territory. [***]. Novavax will [***] and Novavax may, at either Party’s request, participate in any meetings (in person or by teleconference) with any regulatory authority regarding any Regulatory Approval necessary to Commercialize the Product in the SIIPL Territory, [***].

e.Diligence Obligations. SIIPL will perform all activities set forth in the Development Plan and use its [***] to perform all such activities in accordance with the applicable timeframes set forth in the Development Plan. In addition, SIIPL will use [***] to Develop and obtain Regulatory Approval for the Product in all countries in the SIIPL Territory.

2.5Restrictions on Use. SIIPL may use the Adjuvant supplied by Novavax and the Licensed Know How under this Restated Agreement to (i) Manufacture the Product in the

Field for the SIIPL Territory, (ii) conduct analytical and process development activities, and (iii) Commercialize the Product in the SIIPL Territory, or any other reason as stipulated under this Restated Agreement. SIIPL will not, and will cause its Affiliates and other Permitted Recipients not to, (a) attempt to reverse engineer the Adjuvant or otherwise analyze, circumvent, or design around the Adjuvant, or (b) sell the Adjuvant to any third party. Notwithstanding the foregoing. Upon [***] to Novavax, SIIPL may transfer Adjuvant to Affiliates. Further, SIIPL may transfer the Adjuvant to third party manufacturers engaged to Manufacture of the Product (“Permitted Recipients”) [***], provided that Permitted Recipients are bound by written restrictions on use and confidentiality no less stringent than those specified in this Restated Agreement, and SIIPL remains liable to Novavax for such Permitted Recipient’s use of Adjuvant. Nothing set forth in this Restated Agreement will limit Novavax’ ability to Manufacture or supply Adjuvant to any third party or to use the Adjuvant for any other purposes.

2.6Product Branding. SIIPL will have [***] with respect to, the creation, development, selection, and approval of all trademarks and trade dress under which the Product is Commercialized in the SIIPL Territory, provided that SIIPL will [***] on all substantive matters relating to the creation, development, selection, and approval of the trademarks and trade dress to be used in the Commercialization of the Product in the SIIPL Territory, and [***] with respect thereto. In addition, SIIPL will have [***] with respect to, filing, prosecuting, registering, maintaining, and protecting the trademarks and trade dress to be used to Commercialize the Product in the SIIPL Territory at [***] costs and expense.

2.7Governance.

a.Joint Collaboration Steering Committee.

1.JSC Establishment. Under the Original Agreement, the Parties formed a joint collaboration steering committee (“JSC”) to monitor and coordinate the Exploitation of the Product throughout the SIIPL Territory, which JSC shall continue under this Restatement. The JSC will be composed of [***] representatives from each Party and a minimum of [***] representatives of each Party who are fluent in English and who have the appropriate and direct knowledge and expertise and requisite decision-making authority. Each Party may replace any of its representatives on the JSC and appoint a person to fill the vacancy arising from each such replacement. A Party that replaces a representative will notify the other Party of such replacement at least [***] prior to the next scheduled meeting of the JSC. Each Party will use [***] to keep an appropriate level of continuity in representation. The JSC will have a chairperson (“JSC Chairperson”). A designated representative of Novavax will be the JSC Chairperson until ***], and thereafter the JSC Chairperson will be selected alternately, [***], by SIIPL and then by Novavax. The JSC Chairperson will be responsible for setting the agenda for JSC meetings, with input from the other members, and for conducting the JSC meetings. The JSC will conduct its responsibilities hereunder in good faith and with reasonable care and diligence. Each Party’s representatives on the JSC will inform and

coordinate within their respective organization to enable each Party to fulfill its obligations as agreed upon between the Parties under this Restated Agreement, including within the time frames set forth hereunder.

2.JSC Responsibilities. The JSC will have oversight and information sharing responsibilities and functions with respect to the worldwide Development, Manufacture, Commercialization, and other Exploitation of the Products or the Development and Manufacture or the Drug Substance. The JSC will, amongst other duties and responsibilities:

i)[***];

ii)[***];

iii)[***]; and

iv)[***].

3.Global Allocation Tenets. The Parties are aware that Novavax is under a contractual arrangement with the Coalition for Epidemic Preparedness Innovations (“CEPI”) under which Novavax has committed to sell [***] Product to a global allocation body endorsed by CEPI. Given the uncertainty associated with the global purchase of COVID-19 vaccine during the Pandemic Period, including the Product, the Parties agree that the JSC shall operate in full conformity with Novavax’ obligations to CEPI and to the global allocation body it endorses. Furthermore, the Parties agree that during the Pandemic Period, all Product for which the Drug Substance component has been Manufactured at any other location besides at a facility owned or controlled by SIIPL or an Affiliate, shall only be made available for purchase by the “COVAX Facility” or such other purchasing authority that Novavax in good faith represents has been endorsed and approved by CEPI. The JSC agrees to review and approve all such purchases during the Pandemic Period as directed by Novavax under its arrangement with CEPI.

b.JSC Meetings.

1.Meeting Agendas. Each Party will disclose to the other Party the proposed agenda items for each meeting of the JSC along with appropriate information at least [***] in advance of each such meeting; provided that under exigent circumstances requiring JSC input, a Party may provide its agenda items to the other Party within a shorter period of time in advance of a meeting, or may propose that there not be a specific agenda for a particular meeting, so long as such other Party consents to such later addition of such agenda items or the absence of a specific agenda for such JSC meeting. Each Party will submit to the JSC at least [***] prior to any meeting of the JSC all reports and other information required to be

submitted by such Party to the JSC at such meeting under this Restated Agreement.

2.Meetings. The JSC will hold meetings at such times as it elects to do so, but will meet no less frequently than [***], unless otherwise agreed by the Parties. The JSC may meet in person or by means of teleconference, Internet conference, videoconference, or other similar communication method. [***] costs and expenses relating to attendance at and participation in any JSC meetings.

3.Meeting Minutes. Within [***] following each meeting of the JSC, the chairperson of the JSC will cause to be prepared and will provide to the other Party a draft of [***] detailed written minutes describing all matters reviewed or considered by the JSC, together with all determinations made and actions taken by the JSC and a summary of the reasons therefor stated by the members at the meeting. The minutes of any meeting of the JSC must be finalized by approval of the members of the JSC within [***] after the meeting. The minutes, including all drafts thereof, will be the Confidential Information of both Parties.

4.Non-Member Attendance. Each Party may from time to time invite a [***] number of participants (which may include legal counsel), in addition to its representatives, to attend a meeting of the JSC in a non-voting capacity, if such participants have expertise that is relevant to the planned agenda for such JSC meeting; provided that if a Party intends to have any third party (including any consultant) attend such a meeting, then such Party will provide [***] notice to the other Party reasonably in advance of such meeting and will ensure that such Third Party is bound by obligations of confidentiality and non-use at least as stringent as those set forth in Article 12 (Confidential Information). Notwithstanding anything to the contrary set forth in this Restated Agreement, if the other Party objects in good faith to the participation of such third party in such meeting due to a bona fide concern regarding competitively sensitive information that is reasonably likely to be discussed at such meeting, then such third party will not be permitted to participate in such meeting (or the portion thereof during which such competitively sensitive information is reasonably likely to be discussed).

c.Decision Making.

1.General Process. The JSC will only have the powers expressly assigned to it in this Section 2.7 (Governance) and elsewhere in this Restated Agreement and will not have the authority to: (a) [***]; or (b) [***]. All decisions of the JSC will be made [***]. No action taken at any meeting of the JSC will be effective unless there is a quorum at such meeting, and at all such meetings, a quorum will be reached if [***] voting representatives of each Party are present or participating in such meeting.

2.Decisions of JSC. The JSC will use good faith efforts, in compliance with this Section 2.7c.2 (Decisions of the JSC), to [***] resolve any such matter for which it has authority. If, after the use of good faith efforts, the JSC is unable to resolve any such matter that is within the scope of the JSC’s authority or any other disagreement between the Parties that may be referred to the JSC, in each case, within a period of [***], then a Party may refer such matter for resolution in accordance with Section 2.7d.l (Referral to Executive Officers) to the Chief Executive Officer of Novavax (or an executive officer of Novavax designated by the Chief Executive Officer of Novavax who has the power and authority to resolve such matter) and the Chief Executive Officer of SIIPL (or an executive officer of SIIPL designated by the Chief Executive Officer of SIIPL who has the power and authority to resolve such matter) (collectively, the “Executive Officers”).

d.Resolution of JSC Disputes.

1.Referral to Executive Officers. If a Party makes an election under Section 2.7c.2 (Decisions of the JSC) to refer a matter on which the JSC cannot reach a [***] decision for resolution by the Executive Officers, then the JSC will submit in writing the respective positions of the Parties to their respective Executive Officers. The Executive Officers will use good faith efforts to resolve any such matter so referred to them [***], and any final decision that the Executive Officers agree to in writing will be conclusive and binding on the Parties.

2.Final Decision-Making Authority. If the Executive Officers are unable to reach agreement on any such matter referred to them within [***] after such matter is so referred (or such longer period as the Executive Officers may agree upon), then:

i)[***] will have final decision making authority on all aspects related to [***];

ii)[***] will have final decision making authority on all aspects related to [***]; or

iii)In relation to [***], [***] will have the final decision making authority for that country.

e.Limitations on Decision-Making. Notwithstanding anything to the contrary set forth in this Restated Agreement, without the other Party’s [***] consent, no decision of the JSC or a Party’s Executive Officer (in the exercise of a Party’s final decision making authority on any such matters), in each case, may [***].

3.1Forecast for Adjuvant supply by Novavax. Within [***] of the Effective Date of Restatement, SIIPL will provide Novavax with a [***] forecast (on a [***] basis) of SIIPL’s anticipated demand for the Adjuvant for Manufacture of the Product in SIIPL Territory (each, the “Forecast”) as detailed hereunder, for Novavax’ review and acceptance -

b.From the remainder of the [***] of the Forecast accepted by Novavax (an “Accepted Forecast”), the quantity specified for [***] of the Accepted Forecast will be binding upon both Parties and not subject to change (a “Firm Order”).

c.Thereafter, it is agreed that the [***] of each Accepted Forecast (the “Non-Binding Period”) will be a good faith, non-binding estimate of the quantities of Adjuvant required by SIIPL for the Manufacturing of the Product, provided that the forecasted volumes for [***] of the Non-Binding Period may not change by greater than [***]% for the same period.

3.2Purchase Order for Adjuvant. SIIPL will issue purchase orders for each Firm Order at least [***] prior to the applicable delivery date of each Firm Order. Each purchase order will specify the quantity of Adjuvant being ordered (which will be in whole Batches), the requested delivery date (the “Delivery Date”), SIIPL’s purchase order number, and any other information necessary to ensure the timely Manufacture and delivery of such Adjuvant (a “Purchase Order”). If any such purchase order requests a quantity of Adjuvant in excess of the Firm Order, Novavax has the discretion to reject any such excess quantity. Novavax shall notify SIIPL in writing of the actual delivery date for delivery of Adjuvant ordered (including whether Novavax agrees to supply any excess quantity) under a Purchase Order. No terms, provisions, or conditions of any Purchase Order or other business form or written authorization used by SIIPL or Novavax will have any effect on the rights, duties, or obligations of the Parties under or otherwise modify this Restated Agreement or any Purchase Order, regardless of any failure of SIIPL or Novavax to object to such terms, provisions, or conditions.

3.3Delivery; Title; Risk of Loss. Unless otherwise agreed by the Parties, Novavax will deliver [***]. Title and risk of loss will pass [***]. SIIPL will select, oversee, and be responsible for the acts of its designated carrier. SIIPL will, [***], be responsible for securing all necessary import permissions or other rights that may be required by local law or regulation throughout the SIIPL Territory to use the Adjuvant and Know How to Manufacture the Products.

4.1Inspection; Acceptance and Rejection. SIIPL will inspect shipments upon receipt for any visible damage or missing quantities of the Adjuvant or any other physical materials

supplied as part of the Licensed Know-How (if and where applicable). SIIPL may also test shipments of Adjuvant using the applicable methods of analysis specified in the Quality Agreements. If there are any issues with a shipment of Adjuvant or Licensed Know-How or if SIIPL [***] believes that the Adjuvant does not comply with the Adjuvant Specification, cGMP, or other applicable requirements under the Quality Agreements, then SIIPL must notify Novavax [***] after its receipt of a shipment. If SIIPL does not notify Novavax within such period, then SIIPL will be deemed to have accepted the Adjuvant or Licensed Know-How as conforming to the order and meeting the applicable Adjuvant Specifications and quality requirements under this Restated Agreement.

4.2Rejection Procedure. Upon Novavax’ receipt of a [***] from SIIPL pursuant to Section 4.1(Inspection; Acceptance and Rejection), unless Novavax informs SIIPL to the contrary within [***] after receipt of such notice, Novavax will replace such missing, damaged, or defective Adjuvant or License Know-How at [***] cost and expense. To the extent a defect of the Adjuvant or Licensed Know-How cannot be ascertained by the exercise of [***] diligence by SIIPL within [***] after a delivery, SIIPL will notify Novavax in writing of such defect [***], then the Parties will thereafter use [***] to have Novavax replace such defective Adjuvant or Licensed Know-How at Novavax’ [***]; provided any such notice must be provided [***].

4.3Disagreement Regarding Defect. In the event of any disagreement between the Parties as to any defect in or non-conformance of any Adjuvant and Licensed Know-How, including any non-conformity with the Adjuvant Specifications and defect in the Licensed Know-How, either Party may require that the matter be submitted to [***] to determine whether or not such Adjuvant or License Know-How is nonconforming or otherwise defective, and the Parties [***]. Notwithstanding the general dispute resolution mechanisms set forth in this Restated Agreement, the decision by [***] will be final and binding, and not subject to appeal. All costs and expenses related to such laboratory services will be borne by [***].

4.4Records. Each Party will provide [***] to support the other Party’s efforts to obtain or maintain Regulatory Approvals related to the Adjuvant or Product.

4.5Right of Reference; Regulatory Cooperation.

a.Documentation. Novavax will provide SIIPL with applicable information, reports, documents, certificates, and any other materials regarding Adjuvant and Licensed Know-How that are [***] for SIIPL to Manufacture the Product, to Develop the Product and to obtain and maintain Regulatory Approval for the Product in the SIIPL Territory. Novavax will submit, maintain, and keep updated drug master files for the Adjuvant and each facility in which Novavax Manufactures the Adjuvant, SIIPL will submit, maintain, and keep updated drug master files for the Product and each facility in which SIIPL Manufactures the Product, and, following the Technology Transfer, for the Drug Substance, and each facility in which SIIPL Manufactures the Drug Substance.

b.Right of Reference. Each Party hereby grants to the other Party a right of reference to the drug master files described in the forgoing Section 4.5(a) (Documentation) for use in obtaining Regulatory Approvals for the Adjuvant or the Product as permitted under this Restated Agreement. Each Party will, at the other Party’s reasonable written request, provide accurate and complete copies of the applicable clinical study reports, authorize the appropriate regulatory authorities to reference such drug master files in support of BLAs and other regulatory submissions for the Adjuvant or the Product (as applicable), and/or provide copies of all such authorization letters and take other [***] actions with regulatory authorities with respect to the Adjuvant or the Product [***] in connection with obtaining and maintaining Regulatory Approvals for the Adjuvant and the Product as set forth in this Restated Agreement.

4.6Quality Inspection. SIIPL will have the right to inspect Novavax’ facilities, offices, or other properties used or utilized for the manufacture, storage, handling, and shipping of the Adjuvant pursuant to the Quality Agreements [***] at [***] sole expense. All such audits will occur with [***] notice (but no less than [***]) on Novavax’ premises during Novavax’ normal business hours. If Novavax uses any contract manufacturer(s) to satisfy its obligations under this Restated Agreement, Novavax will provide its quality inspection reports for such contract manufacturer(s) upon request from SIIPL.

4.7Regulatory Inquiries. Novavax will [***] notify SIIPL in writing of any governmental or regulatory inquiries, inspections, or audits directly related to the Adjuvant and Licensed Know-How and any findings related to the same. SIIPL will [***] notify Novavax in writing of any governmental or regulatory inquiries, inspections, or audits directly related to the Drug Substance or Product and any findings related to the same. SIIPL will permit such governmental or regulatory body to inspect and audit its facilities and documents, including facilities and documents of its contract manufacturer(s), related to Adjuvant at [***] cost and expense, and notify and update Novavax of such inquiries, inspections and audits.

4.8Recalls. Each Party will [***] notify the other in writing in detail if (a) any batch of Product is alleged or proven to be the subject of a recall, market withdrawal, or correction in such Party’s territory; (b) such Party [***] determines that a recall is necessary; or (c) such Party becomes aware of any quality or risk issues related to Product. SIIPL will be responsible for instituting a recall, market withdrawal, or correction of the Product at [***] cost and expense, unless a recall is required due solely to the failure of the Adjuvant Manufactured by Novavax to meet the Adjuvant Specification at the time of delivery, or failure of Novavax to Manufacture Adjuvant in accordance with cGMP or other Applicable Laws, in which case SIIPL will also be responsible for instituting a recall, market withdrawal, or correction at [***] cost and expense. Each Party will cooperate as [***] requested by the Party responsible for recall.

4.9Safety Reporting. Each Party will advise the other Party in writing of any adverse event related to the Product within [***] after becoming aware of such event, and provide any and all information, document, and materials that are related to such adverse event.

Further details of the Parties’ obligations in regard to safety reporting will be set forth in the Pharmacovigilance Agreements.

5.1Technology Transfer. Novavax has/shall have transferred/shall transfer to SIIPL (a) all Licensed Know-How Controlled by Novavax that is (a) necessary to Manufacture the Drug Substance, including transfer of [***], and (b) necessary to use the Adjuvant and Drug Substance for the Manufacture of the Product (DP Services), including assays, specifications, diagrams, technology, manufacturing process descriptions, protocols, and other written know-how by providing copies or samples of relevant documentation, materials, and other embodiments of any such Licensed Know-How (“Technology Transfer”).

6.1License Grants to SIIPL.

a.Exclusive License. Subject to the terms and conditions of this Restated Agreement, Novavax hereby grants to SIIPL an exclusive but royalty bearing license under the Novavax Proprietary Rights to the extent necessary to use Adjuvant, Drug Substance and Licensed Know-How to Develop, formulate, Manufacture, make, have made, import, export, use, have used, offer for sale, sell, and have sold or otherwise and Commercialize the Product within the SIIPL Exclusive Territory in the Field during the Term (the “SIIPL Exclusive License”). For the purpose of clarity, the SIIPL Exclusive License does not and will not be deemed to allow SIIPL to make or have made the Adjuvant in whole or part under this Restated Agreement. This SIIPL Exclusive License shall continue until expiration or termination of this Restated Agreement.

b.Non-Exclusive License. Subject to the terms and conditions of this Restated Agreement, Novavax hereby grants to SIIPL a non-exclusive but royalty bearing license under the Novavax Proprietary Rights to the extent necessary to use Adjuvant, Drug Substance and Licensed Know-How to Develop, formulate, Manufacture, make, have made, import, export, use, have used, offer for sale, sell, and have sold or otherwise and Commercialize the Product within the SIIPL Non-Exclusive Territory in the Field during the Pandemic Period. For the purpose of clarity, this non-exclusive license does not and will not be deemed to allow SIIPL to make or have made the Adjuvant in whole or part under this Restated Agreement.

After the Pandemic Period, Novavax may, during the Term, notify in writing to SIIPL of any bona fide opportunity to license to a third party one or more countries in the SIIPL Non-Exclusive Territory. Upon any such written notice, SIIPL shall have [***] from receipt of the written notice to match or improve such bona fide terms with Novavax or, failing that, Novavax has the sole discretion to remove such country or countries from the SIIPL Non-Exclusive Territory with due written notice to SIIPL.

[***].

c.Drug Substance Manufacturing License. Subject to the terms and conditions of this Restated Agreement, Novavax hereby grants to SIIPL (i) a non-exclusive sublicensable (subject to Novavax’ prior written consent) license within the SIIPL Non-Exclusive Territory, (ii) an exclusive license within the SIIPL Exclusive Territory, both under the Licensed Know-How and Licensed Patents to Manufacture the Drug Substance solely for use in the Manufacture of the Product in the SIIPL Territory during the Term in the performance of this Restated Agreement.

d.Sub-License. SIIPL may grant a sub-license to a third party in the SIIPL Territory, under the rights granted pursuant to Section 6.1 (a through c), with prior written consent of Novavax [***].

6.2Covenant Not to Sue. Both Parties on behalf of itself and its Affiliates, hereby covenants not to assert or cause to be asserted, and will cause its Affiliates not to assert or cause to be asserted, against any Covenant Beneficiary [***] and Novavax Improvement, as the case may be. Each Covenant Beneficiary that is not party to this Restated Agreement is a third party beneficiary solely of this Section6.2 (Covenant Not to Sue). If either Party or any of its Affiliates sells, assigns, exclusively licenses, transfers, or otherwise grants any right under any SIIPL Improvement and Novavax Improvement, as the case may be to a third party, then SIIPL and/or Novavax or such Affiliate, as applicable, will require such purchaser, assignee, licensee, or transferee to agree in writing to be bound by the same covenant to the same extent as made by SIIPL and / or Novavax and its Affiliates in this Section 6.2(Covenant Not to Sue).

6.3No Implied Licenses. Neither Party is granted any rights to any Patent Rights, Know-How, or other intellectual property rights owned or Controlled by the other Party, other than as explicitly identified herein. Nothing herein will affect the Parties’ respective ownership of any Patent Rights, Know-How, or other intellectual property rights owned by such Party.

7.1SIIPL Royalty Payment. SIIPL shall pay Novavax with respect to SIIPL’s sale of Product a royalty in an amount equal to percent (50%) of the Revenue on a [***] bases (the “SIIPL Royalty Payment”). All payments under this Restated Agreement shall be made in United States Dollars. Payments pertaining to SIIPL Royalty Payment, as applicable, shall be fully paid [***] on the basis of the applicable sales of Product recognized under US GAAP for the [***].

7.2Adjuvant Payment. The payments pertaining to Adjuvant Price to be paid by SIIPL to Novavax or its designee will be initiated [***] and will thereafter be due and payable upon receipt of the applicable invoice from Novavax (the “Adjuvant Payment”).

7.3Taxes. The amounts payable by one Party (the “Paying Party”) to the other Party (the “Payee Party”) pursuant to this Restated Agreement (each, a “Payment”) shall be paid

free and clear of any and all taxes, except for any withholding taxes required by Applicable Law. Except as provided in this Section 7.3, the Payee Party shall be solely responsible for paying any and all taxes on income (other than withholding taxes required by Applicable Law to be deducted from Payments and remitted by the Paying Party), excluding applicable Indian GST levied on account of, or measured in whole or in part by reference to, any Payments it receives. The Paying Party shall deduct or withhold from the Payments any taxes that it is required by Applicable Law to deduct or withhold. Notwithstanding the foregoing, if the Payee Party is entitled under any applicable Tax treaty to a reduction of rate of, or the elimination of, applicable withholding Tax, it may deliver to the Paying Party or the appropriate Governmental Authority (with the assistance of the Paying Party to the extent that this is [***] required and is requested in writing) the prescribed forms necessary to reduce the applicable rate of withholding or to relieve the Paying Party of its obligation to withhold such Tax and the Paying Party shall apply the reduced rate of withholding or dispense with withholding, as the case may be; provided that the Paying Party has received evidence of the Payee Party’s delivery of all applicable forms (and, if necessary, its receipt of appropriate governmental authorization) at least [***] prior to the time that the Payments are due. If, in accordance with the foregoing, the Paying Party withholds any amount, it shall pay to the Payee Party the balance when due, make timely payment to the proper Governmental Authority of the withheld amount and [***] send to the Payee Party necessary certificates as issued by the Governmental Authorities for such payment along with the relevant withholding tax certificates. The Parties will cooperate and use [***] to reduce, mitigate, or eliminate adverse tax consequences.

8.1Records; Reports. During the term of this Restated Agreement and for a minimum period of [***] thereafter, SIIPL shall keep detailed, accurate and up to date records and books of account [***], showing [***] such during the previous [***]. SIIPL shall ensure that such records and books of accounts are sufficient to ascertain the [***] with respect to the Product supplied in each country under this Restated Agreement.

8.2[***] Reports. As agreed in this Restated Agreement, SIIPL shall furnish a certificate from its Certified Auditors for the calculation of SIIPL Royalty Payment and Adjuvant Payment as per ARTICLE 7 for [***] within [***]. As used herein, “Certified Auditors” means an auditor firm duly licensed to practice as an auditor and whose lead individual responsible for [***] audits will have [***] and who is responsible and liable under Applicable Law.

8.3Royalty Certifications.

b.The Parties agree to conduct ***] reconciliation of the payments made in accordance with Section 8.3 a. Within [***], SIIPL shall furnish Novavax with a certificate issued by [***] certifying the total amount of the SIIPL Royalty Payment accrued in such preceding calendar year (the “[***] Recalculation Certificate”). Along with the delivery of an [***] Recalculation Certificate, SIIPL shall to Novavax pay any underpayment reflected in such [***] Recalculation Certificate, and may credit any overpayment against future SIIPL Royalty Payment or Adjuvant Payment due Novavax.

d.Nothing herein will affect the Parties’ respective ownership of any Intellectual Property Rights or Know-How (i) existing and Controlled by such Party as on the Effective Date of the Original Agreement or (ii) was developed or obtained by or on behalf of such Party independent of this Restated Agreement, and without reliance upon the Confidential Information of the other Party (“Background IP”). For the sake of clarity all Intellectual Property Rights in relation to the Adjuvant, Drug Substance and the Licensed Know-How, shall be the exclusive proprietary concern of Novavax.

9.2Prosecution and Maintenance. As between the Parties, [***] would be responsible for the filing, prosecution and maintenance of any and all Intellectual Property Rights in

relation to [***] and, during the Term, would take into account any [***] comments and suggestions of [***] in relation to the filing, prosecution and maintenance of such patents.

9.3Notification of Infringement. Either Party shall [***] notify the other Party with such details as it has in its possession of any infringement any of any Intellectual Property Rights licensed under this Restated Agreement (an “Infringement”) as and when it becomes aware of such Infringement.

9.4Enforcement. As between the Parties, [***] shall have the sole right, but not the obligation, to bring at [***] own expense, an infringement action against any Person (an “Infringer”) infringing its Intellectual Property Rights in relation to the [***]. [***] shall be entitled to name [***] as a party to any such infringement action in the [***] if required to do so by Applicable Law or with [***] consent.

9.5Back-Up Enforcement Rights. If for any reason [***] fails to (1) initiate proceedings against any Infringer in the SIIPL Territory within [***] of receipt of the notice of Infringement from [***] or [***] of otherwise becoming aware of the Infringement or (2) continue to prosecute such proceedings thereafter then [***] shall, at [***] own cost and expense, have the right, but not the obligation, to bring proceedings (or continue any existing proceedings commenced by [***]) against such Infringer and [***] shall [***] cooperate in any such proceedings as requested.

9.6Infringement Actions. The Party exercising any enforcement rights under Section 9.4 or Section 9.5:

10.1Novavax Representations and Warranties. Novavax represents and warrants to SIIPL that:

10.2SIIPL Representation and Warranty.

10.3Mutual. Each Party represents, warrants and covenants to the other Party:

a.Organization; Good Standing; Authority. It is duly organized, validly existing, and in good standing under the laws of its country of organization. It has the full right, power, and authority to enter into and perform this Restated Agreement. This Agreement has been duly executed and delivered by an authorized signatory of each Party and constitutes a legal, valid, and binding obligation of such Party, enforceable in accordance with its terms.

b.No Conflicts. The execution, delivery, and performance of this Restated Agreement by such Party does not conflict with such Party’s charter documents, bylaws, or other organizational documents, any material agreement, instrument or understanding, oral or written, to which it is a party or by which it is bound, nor violate Applicable Law or any order, writ, decree, judgment, injunction, determination, or award of any Governmental Authority having jurisdiction over it.

c.Compliance with Law. It will, and will ensure that its Affiliates, comply with all Applicable Laws and, to the extent applicable, professional certification or licensing requirements, with respect to the performance of its obligations under this Restated Agreement.

d.No Litigation. There is no action or proceeding pending or, to the knowledge of such Party, threatened that could reasonably be expected to impair or delay the ability of such Party to perform its obligations under this Restated Agreement.

e.No Debarment. Neither Party nor any of its Affiliates, or any of their employees, contractors or agents performing any activities under this Restated Agreement, has been debarred or is subject to debarment pursuant to the relevant sections of the U.S. Food Drug & Cosmetic Act, as amended, or any foreign equivalent or that is the subject of a conviction described in such statutes and regulations.

f.Authorization. Each Party’s representative signing below has the authority to bind its respective Party. Each Party hereto has the power and authority to execute and deliver the Agreement and to perform the obligations hereunder.

g.Anti-Corruption. The Parties agree that, at all times in connection with and throughout the term of this Restated Agreement, they and their Affiliates will comply with and that they will take [***] to ensure that their subcontractors, agents or other third parties will comply with all applicable anti-corruption legislation including the United States Foreign Corrupt Practices Act 1977, as amended, and their foreign equivalents under Applicable Law.

h.Disclaimer. EXCEPT AS OTHERWISE EXPRESSLY PROVIDED IN THIS AGREEMENT, NEITHER PARTY MAKES ANY REPRESENTATION OR EXTENDS ANY WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, TO THE OTHER PARTY WITH RESPECT TO ANY TECHNOLOGY OR OTHER SUBJECT MATTER OF THIS AGREEMENT AND HEREBY DISCLAIMS ALL IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, WITH RESPECT TO ANY AND ALL OF THE FOREGOING.

11.1By SIIPL. SIIPL will indemnify, defend, and hold harmless Novavax, its Affiliates, and their respective directors, officers, employees, and agents (collectively, the “Novavax Indemnitees”) from and against any and all losses, liabilities, damages, costs, fees, and expenses (including reasonable attorneys’ fees) (collectively, “Losses”) suffered by Novavax Indemnities in connection with any suits or claims brought by third parties (“Claims”) arising out of or resulting from [***], except to the extent the Losses arise out of or result from an obligation of Novavax to indemnify SIIPL Indemnitees pursuant to Section 11.2 (Indemnification By Novavax).

11.2By Novavax. Novavax will indemnify, defend, and hold harmless SIIPL, its Affiliates, and their respective directors, officers, employees, and agents (collectively “SIIPL Indemnitees”) from and against any and all Losses suffered by SIIPL Indemnitees in connection with Claims arising out of or resulting from [***], except to the extent the Losses arise out of or result from an obligation of SIIPL to indemnify the Novavax Indemnitees pursuant to Section 11.1 (Indemnification By SIIPL).

11.3Indemnification Procedures. Each indemnified Party will give the indemnifying Party [***] written notice of any claim for which indemnification is sought hereunder. The indemnifying Party will have the right to control the defense and settlement of a claim, at [***] expense, and the indemnifying Party will act reasonably and in good faith with respect to all matters relating to the settlement or disposition of the Claim. The indemnified Party will reasonably cooperate in the investigation, defense, and settlement of such claim at the indemnifying Party’s expense. Neither Party will enter into any settlement agreement that [***]. Any indemnified Party will have the right to participate in, but not control, the defense and settlement of a claim and to employ separate legal counsel of its own choice; provided, however, that such employment will be at [***] expense, unless (a) the employment thereof has been specifically authorized by the indemnifying Party, or (b) the indemnifying Party has failed to assume the defense and

employ counsel (in which case the indemnified Party may control the defense and settlement of such claim). Notwithstanding the aforesaid, Parties agree that, [***].

11.4Insurance. Each Party will obtain and maintain, at its own cost and expense, the insurance policies in such amounts and with such scope of coverage as are adequate to cover such Party’s obligations under this Restated Agreement.

11.5Limitation of Liability. IN NO EVENT WILL EITHER PARTY BE LIABLE TO THE OTHER PARTY OR ANY THIRD PARTY FOR ANY [***]. NOTWITHSTANDING THE FOREGOING, NOTHING IN THIS SECTION 11.5 (LIMITATION OF LIABILITY) IS INTENDED TO OR WILL LIMIT OR RESTRICT [***].

12.1Definition. “Confidential Information” means any and all proprietary scientific, technical, clinical, financial, business, and other information and material disclosed by one Party in the performance of this Restated Agreement (the “Disclosing Party”) to the other Party (the “Receiving Party”), including ideas, concepts, technology, inventions, discoveries, improvements, intellectual property, know-how, trade secrets, operations, plans, pricings, personnel, customers, business opportunities, research, development, data, notes, reports, samples, formulations, analyses, protocols, techniques, manuals, statements, schedules, forecasts, studies, records, systems and programs, disclosed in writing or orally or visually, whether or not marked “confidential.” Confidential Information will also include the existence, terms, and conditions of this Restated Agreement, as well as all information and documents regarding the conclusion, implementation, and termination of this Restated Agreement, which information shall be deemed the Confidential Information of each Party. All reports provided by one Party to the other Party hereunder will be the Confidential Information of the reporting Party, who will be deemed the Disclosing Party with respect thereto.

12.2Reasonable Precautions. The Receiving Party agrees (a) to hold the Disclosing Party’s Confidential Information in confidence and to take all reasonable precautions to protect such Confidential Information (including all precautions the Receiving Party employs with respect to its confidential materials), (b) not to divulge any such Confidential Information to any third party, and (c) not to make any use whatsoever at any time of such Confidential Information, except, in the case of (b) or (c), solely as necessary to perform the obligations or exercise the rights of the Receiving Party. Any employee, consultant, professional advisor or agent of a Party or is Affiliates given access to any such Confidential Information must have a legitimate “need to know” and be subject to written obligations of non-disclosure and non-use no less stringent than those set forth in this Restated Agreement.

12.3Exceptions. The following will not be considered Confidential Information to the extent that the Receiving Party can establish with competent written proof that such information (a) is, at the time of disclosure to the Receiving Party, in the public domain, or through no fault of the Receiving Party enters the public domain, (b) was rightfully in the Receiving Party’s possession or known by it prior to receipt from the Disclosing Party, (c) was

rightfully disclosed to it by another Person without restriction, or (d) was independently developed by it by persons without access to such information and without use of any Confidential Information of the Disclosing Party.

12.4Permitted Disclosure. In the event that a Receiving Party is required to disclose any of the Disclosing Party’s Confidential Information bylaw, regulation, rule, court order, or any governmental authority, the Receiving Party will use [***] to provide [***] notice thereof to the Disclosing Party and cooperate [***] with the Disclosing Party in seeking additional measures to guard the confidentiality thereof.

12.5Termination of the Agreement. Upon termination or expiration of the Agreement, the Receiving Party will turn over to the Disclosing Party, or destroy (at the Disclosing Party’s request), all Confidential Information of the Disclosing Party and all documents, media, or other items containing any such Confidential Information and any and all copies or extracts thereof at the cost of the Disclosing Party; provided, however, the Receiving Party may retain one archival copy of the Confidential Information at a secure location for archival purposes only and all provisions of confidentiality agreed herein this ARTICLE 12 shall continue to apply to such archival copy retained by the Receiving Party.

12.6Survival. This ARTICLE 12 (Confidential Information) will survive the termination or expiration of this Restated Agreement for a period [***].

13.1Term. This Agreement will come into full force and effect on the Effective Date of the Restatement and will remain in full force and effect on a country-by-country basis until the fifteenth (15th) anniversary of the First Commercial Sale of the Product in the SIIPL Territory, unless earlier terminated pursuant to the terms of this Restated Agreement (the “Term”).

13.2Termination. This Agreement may be terminated by either Party:

a.For Material Breach. Immediately upon written notice to the other Party if the other Party materially breaches this Restated Agreement and such material breach is not discontinued or cured within [***] after the breaching Party’s receipt of an initial written notice by the non-breaching Party with reasonable detail as to the nature and scope of the applicable breach; or

b.For Bankruptcy. By giving [***] notice to the other Party if the other Party becomes insolvent or a bankruptcy action or any other insolvency proceeding is instituted against it and not dismissed within [***].

13.3Effects of Expiration and Termination by SIIPL for Cause.

Property Rights in the Drug Substance / Adjuvant and/or Licensed Know-How (as they exist upon such expiration) to Manufacture and Commercialize the Product in any such country in the SIIPL Territory as constituted as of the date of the applicable expiration.

13.4Survival. In the event of any termination or expiration of this Restated Agreement, each of the provisions of ARTICLE 4 (Inspection, Quality and Audit of supplied Adjuvant), Section 6.2 (Covenant Not to Sue), ARTICLE 8 (Records and Reports of Books of Accounts, Section 9.1 (Ownership of Intellectual Property Rights), ARTICLE 11 (Indemnification; Insurance; Liability), ARTICLE 12 (Confidential Information), Section 13.3 (Effects of Termination by SIIPL for Cause)(in which case, Article 7 shall also survive), Section 13.4. (Survival), ARTICLE 14 (General Provisions), and Appendix A will survive termination or expiration of this Restated Agreement and continue to be enforceable. In no event will termination of this Restated Agreement release either Party from any accrued obligation, including SIIPL’s obligation to pay any amounts that became due on or before the effective date of termination.

14.1Further Actions. Each Party agrees to execute, acknowledge, and deliver such further instruments, and to do all such other acts, as necessary in order to carry out the purposes and intent of this Restated Agreement.

14.2Supply and Purchase of Drug Substance and / or Product by SIIPL.

14.3Force Majeure. No Party will be liable for failure to perform any obligation under this Restated Agreement(other than any obligations to make payments as and when due hereunder) where such failure is caused by earthquake, storms, flood, fire, other acts of nature, epidemics (excluding the Sars-Cov-2 Corona Virus pandemic and any quarantine period thereunder), war, rebellions, riots, public disturbance, acts of terrorism, acts or omissions of any government, any rules, regulations, or orders issued by any Governmental Authority or by any office, department, agency, or instrumentality thereof, ban on imports, strikes, or other labor disputes, provided [***]. If the state of force majeure continues for more than [***], then [***].

14.4Governing Law. This Agreement will be governed by and construed in accordance with [***], without giving effect to the principles of choice or conflict of laws provisions thereof, and the Parties expressly agree that the 1980 United Nations Convention on Contracts for the International Sale of Goods will not apply to or affect any term of this Restated Agreement.

14.5Negotiation; Escalation. The Parties will negotiate in good faith and use [***] to settle any dispute under this Restated Agreement, other than matters subject to resolution under Section 2.7 (Governance). Any dispute as to the breach, enforcement, interpretation, or validity of this Restated Agreement will be referred to the Executive Officers. If the Executive Officers are unable to resolve such dispute within [***] after such dispute is referred to them ([***]), then, upon the written request of either Party to the other Party, other than a dispute relating to the scope, validity, enforceability, or infringement of any Patent Rights or trademark rights ([***]), the dispute will be subject to remedial action by any such Party in compliance with Section 14.4 (Governing Law).

14.6Equitable Remedy. The Parties acknowledge and agree that there may be no adequate remedy at law for any breach of a Party’s obligations under ARTICLE 10 (Warranties) or ARTICLE 12 (Confidential Information) and, which breaches may result in irreparable harm to the other Party, and therefore, that upon any such breach or any threat thereof, the non-breaching Party will be entitled to seek appropriate equitable relief (without the posting of any bond) in addition to whatever remedies it might have at law.

14.7Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Restated Agreement by a Party to the other Party are and shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or any foreign counterpart thereto, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or any foreign counterpart thereto. Subject to Section 13.3, (Effects of Expiration or Termination by SIIPL for Cause), the Parties agree that the Parties shall retain and may fully exercise all of their rights and elections under the U.S. Bankruptcy Code and any foreign counterpart thereto. All payments to be made by SIIPL under this Restated Agreement, including the royalty payments pursuant to ARTICLE 7

(SIIPL Royalties), shall be considered “royalties” for purposes of Section 365(n) of the U.S. Bankruptcy Code.

14.8Notices. All notices that are required or permitted hereunder will be in writing and sufficient if delivered by internationally-recognized overnight courier (return receipt requested) addressed as follows (with a courtesy copy sent by email, which will not constitute notice):

Novavax, Inc.

21 Firstfield Road

Gaithersburg, MD 20878

Attn: [***]

Serum Institute of India Pvt. Ltd.

212/2 off Soli Poonawalla Road

Hadapsar, Pune 411028

India

Attention: [***]

[***]

Serum Institute of India Private Limited

212/2, Off Soli Poonawalla Road,

Hadapsar Pune 411028

or to such other address as the Party to whom notice is to be given may have furnished to the other Party in writing in accordance herewith. Any such notice will be deemed to have been given when received on the date indicated in the applicable return receipt.

14.9Publicity. Except as expressly permitted herein, neither Party may issue any press release or make any other public announcement concerning the execution or existence of this Restated Agreement or any of the terms hereof (i) without the [***] consent of the other Party, [***] or (ii) unless required by Applicable Law, provided that such Party shall give the other Party a prior [***] intimation of the same.

14.10Severability. If any provision of this Restated Agreement is determined to be invalid, illegal, or unenforceable, then such provision will be deemed to be severable from the remainder of this Restated Agreement and will not cause the invalidity or unenforceability of the remainder of this Restated Agreement. The Parties will substitute, by written agreement, valid provisions for such invalid, illegal, or unenforceable provisions, which valid provisions in their economic effect are sufficiently similar to the invalid, illegal, or unenforceable provisions that it can be [***] assumed that the Parties would have entered into this Restated Agreement with such valid provisions.

14.11Waiver. No failure on the part of either Party to exercise, and no delay in exercising, any right, power, remedy, or privilege under this Restated Agreement or provided by statute or law or in equity or otherwise, will impair, prejudice, or constitute a waiver of any such right, power, remedy, or privilege or be considered as a waiver of any breach of this Restated Agreement or as an acquiescence therein, nor will any single or partial exercise thereof or the exercise thereof or the exercise of any other right, power, remedy or privilege.

14.12Assignment. Each Party’s rights and obligations under this Restated Agreement may not be directly or indirectly assigned, delegated or transferred, in whole or in part, to a third party by assignment or other means without the [***] consent of the other Party, [***], however, SIIPL may transfer any and all of its rights and/or obligations hereunder to any of its Affiliates [***].

14.13Change of Control. This Agreement will be binding on and inure to the benefit of the Parties, their, executors, administrators, successors, and permitted assigns. In the event of any merger, acquisition or any such Change of Control with respect to Novavax occurs, then such acquiring party of Novavax shall be bound by the terms and conditions of this Restated Agreement and in the event such acquiring party does not materially agree or is materially restricted under Applicable Laws to be bound by the terms of this Restated Agreement, [***]. [***]. [***].

14.14Data Protection. The Parties do not envisage that any material personal data will be exchanged between the Parties in the performance of this Restated Agreement and hence no data protection act(s) / law(s) will be applicable to either Party.

14.15Interpretation. Except where the context expressly requires otherwise, (a) the use of any gender herein will be deemed to encompass references to either or both genders, and the use of the singular will be deemed to include the plural (and vice versa), (b) the words “include,” “includes,” and “including” will be deemed to be followed by the phrase “without limitation,” (c) the word “will” will be construed to have the same meaning and effect as the word “shall,” (d) any definition of or reference to any agreement, instrument, or other document herein will be construed as referring to such agreement, instrument, or other document as from time to time amended, supplemented, or otherwise modified(subject to any restrictions on such amendments, supplements or modifications set forth herein), (e) any reference herein to any person will be construed to include the person’s successors and assigns, (f) the words “herein,” “hereof,” and “hereunder” and words of similar import, will each be construed to refer to this Restated Agreement in its entirety and not to any particular provision hereof, (g) all references herein to Articles, Sections, Schedules, or Exhibits will be construed to refer to Articles, Sections, Schedules, or Exhibits of this Restated Agreement, and references to this Restated Agreement include all Schedules hereto, (h) the word “notice” means notice in writing (whether or not specifically stated) and will include notices, consents, approvals and other written communications contemplated under this Restated Agreement, (i) provisions that require that a Party, the Parties or any committee hereunder “agree,” “consent, “approve,” or the like will require that such agreement, consent, or approval be specific and in writing, whether by written agreement, letter, approved minutes, or

otherwise (but excluding e-mail and instant messaging), (j) references to any specific law, rule or regulation, or Section or other division thereof, will be deemed to include the then-current amendments thereto or any replacement or successor law, rule or regulation thereof, (k) the term “or” will be interpreted in the inclusive sense commonly associated with the term “and/or,” and (l) in the event of any conflict between the terms and conditions of this Restated Agreement and any terms and conditions that may be set forth on any order, invoice, verbal agreement, in the Quality Agreements, in the Pharmacovigilance Agreements, or otherwise, the terms and conditions of this Restated Agreement will govern, provided that the terms of the Quality Agreements or Pharmacovigilance Agreements (as applicable) will control with respect to any such conflict with the terms of this Restated Agreement relating to quality or safety matters for the Adjuvant or Drug Substance or Product.

14.16Performance by Affiliates. Only in the event either Party assigns any of its rights and obligations under this Restated Agreement to any of its Affiliates, then in such event, each Party hereby guarantees the performance by such Affiliates of such Party’s obligations under this Restated Agreement and will cause such assignee Affiliate to comply with the provisions of this Restated Agreement in connection with such performance.

14.17Independent Contractors. Nothing in this Restated Agreement is intended or will be deemed to constitute a partnership, agency, employer-employee, or a joint venture relationship between the Parties. The respective activities of the Parties hereunder will be provided as independent contractors. Neither Party will incur any debts or make any commitments for the other, except to the extent, if at all, specifically provided herein.

14.18No Third Party Beneficiaries. No Person other than each Party and any of its and permitted assignees and assignee Affiliates hereunder will be deemed an intended beneficiary hereunder or have any right to enforce any obligation of this Restated Agreement.

14.19Entire Agreement. This Agreement together with the Pharmacovigilance Agreements and the Quality Agreements sets forth all intentions, understandings, covenants, promises, warranties, representations, conditions, rights, and obligations of the Parties and supersedes all previous and contemporaneous agreements, understandings, negotiations and proposals relating to the subject matter hereof. No subsequent modifications or amendments to this Restated Agreement will be binding upon the Parties unless reduced in writing and signed by the respective authorized officers of the Parties.

14.20Execution in Counterparts. This Agreement may be executed in counterparts, each of which counterparts, when so executed and delivered, will be deemed an original, and all of which counterparts, taken together, will constitute one and the same instrument.

IN WITNESS WHEREOF, the Parties hereto have caused their authorized representatives to execute this Restated Agreement on the date first above written.

A-l     “Accepted Forecast” shall have the meaning ascribed in Section 3.1 (Forecast).

A-2     “Adjuvant” shall have the meaning ascribed to it in the Recitals.

A-3     “Adjuvant Payment” shall have the meaning ascribed to it in Section 7.2 (Adjuvant Payment).

A-4     “Adjuvant Price” means [***].

A-5     “Adjuvant Specifications” shall have the meaning ascribed to it in the Section 2.1.a (Supply of Adjuvant to SIIPL) as further described in the Quality Agreement.

A-6     “Affiliate” means:

(ii)    with respect to Novavax, any Person that controls, is controlled by, or is under common control with another Person, and

(iii)    with respect to SIIPL, mean any [***].

For purposes of the preceding definition, “control” (including, with correlative meanings, the terms “controlled by” and “under common control with “) shall mean the possession, directly or indirectly, of more than 50% of the outstanding voting securities of or comparable equity interest in any other type of a Person, or otherwise having the legal power to direct the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise.

A-7     “Agreement” has the meaning set forth in the preamble.

A-8     “[***] Recalculation Certificate” shall have the meaning ascribed in Section 8.3.b. (Royalty Certifications).

A-9     “Applicable Law” means collectively all laws, rules, regulations, ordinances, decrees, judicial and administrative orders (and any license, franchise, permit, or similar right granted under any of the foregoing), and any policies and other requirements of any applicable Governmental Authority that govern or otherwise apply to a Party.

A-10     “Background IP” shall have the meaning ascribed to it in Section 9.1.e (Ownership of Intellectual Property Rights).

A-11     “BLA” or “Biologics License Application” means a Biologics License Application submitted under section 351(a) of the United States Public Health Service Act, 42 U.S.C. §§ 201 et seq., as amended from time to time, or substantially similar application or submission filed with a regulatory authority in a country or group of countries to obtain Regulatory Approval to Commercialize a Product in that country or in that group of countries, including all supplements and amendments thereto.

A-12     “Calendar Quarter” means each successive period of three months commencing on January 1, April 1, July 1, and October 1.

A-13     “Calendar Year” means each successive period of 12 months commencing on January 1 and ending on December 31.

A-14     “cGMPs” means current Good Manufacturing Practices regulations and standards enforced by the U.S. Food and Drug Administration, European Medicines Agency, or other applicable regulatory bod(ies) in other jurisdictions.

A-15     “Change of Control” means, with respect to a Party, that: (a) any third party acquires directly or indirectly the beneficial ownership of any voting security of such Party, or if the percentage ownership of such third party in the voting securities of such Party is increased through stock redemption, cancellation, or other recapitalization, and immediately after such acquisition or increase such third party is, directly or indirectly, the beneficial owner of voting securities representing more than 50% of the total voting power of all of the then outstanding voting securities of such Party; (b) any merger, consolidation, recapitalization, or reorganization of such Party is consummated that would result in shareholders or equity holders of such Party immediately prior to such transaction owning 50%or less of the outstanding voting securities of the surviving entity (or its parent entity) immediately following such transaction; (c) the shareholders or equity holders of such Party approve any plan of complete liquidation of such Party, or an agreement for the sale or disposition by such Party of all or substantially all of such Party’s assets, in each case, through one or more related transactions, other than to an Affiliate or pursuant to one or more related transactions that would result in shareholders or equity holders of such Party immediately prior to such transaction owning more than 50% of the outstanding voting securities of the surviving entity (or its parent entity) immediately following such transaction; or(d) the sale or transfer to any third party, in one or more related transactions, of all or substantially all of such Party’s consolidated assets taken as a whole.

A-16     “Claims” shall have the meaning ascribed to it in Section 11.1 (Indemnification by SIIPL).

A-17     “Commercialize”, “Commercializing” or “Commercialization” means any and all activities directed to the marketing, promotion, distribution, pricing, reimbursement, offering for sale, and sale of a pharmaceutical, biologic, or vaccine product and interacting with Governmental Authority in the applicable country or region for such pharmaceutical, biologic, or vaccine product regarding the foregoing, but excluding activities directed to Manufacturing, Medical Affairs, or Development. “Commercialize,” “Commercializing”, “Commercialized” will be construed accordingly.

A-18     “Commercialization Plan” means a written plan for the Commercialization of Product in the SIIPL Territory (as such plan may be amended from time to time) setting forth the Commercialization activities to be performed by SIIPL in accordance with the terms and conditions of this Restated Agreement. The Commercialization Plan must include in reasonable detail the: (a) [***]; and (b) [***]. At least [***] prior to the anticipated First

Commercial Sale of a Product, SIIPL will prepare an initial SIIPL Commercialization Plan and submit each such initial SIIPL Commercialization Plan to the JSC to review, discuss, and determine whether to approve.

A-19     “Commercialization Report” means a written executive summary outlining SIIPL’s Commercialization activities by Calendar Quarter with respect to each Product in the SIIPL Territory, [***], which report shall be provided at least [***] in advance of each JSC meeting.

A-20     “Commercially Reasonable Efforts” means, with respect to the Exploitation of a Product by a Party, those efforts and resources, including allocation of [***] personnel, equivalent to [***]. Commercially Reasonable Efforts requires, with respect to an obligation, that the Party: (a) [***], (b) [***], and (c) [***].

A-21     “Confidential Information” shall have the meaning ascribed to it in Section 12.1.

A-22     “Control” or “Controlled” the possession by a Party (whether by ownership, license, or otherwise other than pursuant to this Restated Agreement) of, (a) with respect to any tangible Know-How, the legal authority or right to physical possession of such tangible Know-How, with the right to provide such tangible Know-How to the other Party on the terms set forth herein, (b) with respect to Patent Rights, Regulatory Approvals, regulatory submissions, intangible Know-How, or other intellectual property rights, the legal authority or right to grant a license, sublicense, access, or right to use (as applicable) to the other Party under such Patent Rights, Regulatory Approvals, regulatory submissions, intangible Know-How, or other intellectual property rights on the terms set forth herein, in each case((a) and (b)), without (i) breaching or otherwise violating the terms of any arrangement or agreement with a third party in existence as of the time such Party or its Affiliates would first be required hereunder to grant the other Party such access, right to use, licenses, or sublicense, or (ii) incurring any additional payment obligations to a third party as a result of such access, right to use, license, or sublicense, and(c) with respect to any product or materials, the legal authority or right to grant a license or sublicense under Patent Rights that cover such product or materials or Know-How that relates to such product or materials on the terms set forth herein.

A-23     “Covenant Beneficiary” means Novavax or any of Novavax’ Affiliates, or any of its or their direct or indirect licensees, sublicensees, importers, exporters, suppliers, manufacturers, distributors, contractors, agents, or customers.

A-24     “Delivery Date” shall have the meaning ascribed in Section 3.1 (Forecast).

A-25     “Develop”, “Developing” or “Development” means all internal and external research, development, and regulatory activities related to pharmaceutical, biologic, or vaccine products, including (a) research, non-clinical testing, toxicology, testing and studies, non-clinical and preclinical activities, and clinical trials, and (b) preparation, submission, review, and development of data or information for the purpose of submission to a regulatory authority to obtain authorization to conduct clinical trials and to obtain, support, or maintain Regulatory Approval of a pharmaceutical, biologic, or vaccine product, but excluding activities directed to Manufacturing, Medical Affairs, or

Commercialization. Development will include development and regulatory activities for additional forms, formulations, or indications for a pharmaceutical, biologic, or vaccine product after receipt of Regulatory Approval of such product (including label expansion), including clinical trials initiated following receipt of Regulatory Approval or any clinical trial to be conducted after receipt of Regulatory Approval that was mandated by the applicable regulatory authority as a condition of such Regulatory Approval with respect to an approved formulation or indication (such as post-marketing studies, observational studies, pediatric studies, implementation and management of registries and analysis thereof, in each case, if required by any regulatory authority in any region worldwide to support or maintain Regulatory Approval for a pharmaceutical, biologic, or vaccine product in such region).”Develop,” “Developing,” and “Developed” will be construed accordingly.

A-26     “Development Plan” has the meaning set forth in Section 2.4.c. (Development of the Product).

A-27     “Development Report” means a [***] written executive summary report outlining by Calendar Quarter the progress of the Development activities taken by SIIPL with respect to the Product in the SIIPL Territory, which report shall be provided to the JSC as least [***] in advance of each JSC meeting. For clarity, such reports will contain [***] to allow the Parties to evaluate the progress of the Development activities in each such meeting, including against the objectives and timelines included therefor in the Development Plan. In addition, SIIPL will include in such report such other data and information generated in the performance of activities under the Development Plan or as may be [***] requested by Novavax related to the Development of the Product.

A-28     “Disclosing Party” shall have the meaning ascribed to it in Section 12.1 (Confidential Information ‒ Definition).

A-29     “DP Cost” means [***].

A-30     “DP Services” shall have the meaning ascribed to it in Section 5.1.

A-31     “Drug Substance” shall have meaning ascribed to it in the Recitals.

A-32     “DS Price” means [***].

A-33     “Effective Date of Restatement” has the meaning set forth in the preamble.

A-34     “Executive Officers” shall have the meaning ascribed to it in Section 2.7.c.2 (Decisions of JSC).

A-35     “Exploit” means to make, have made, use, offer to sell, sell, Develop, Manufacture, perform Medical Affairs, Commercialize, or otherwise exploit. When used as a noun, Exploitation means any and all activities involved in Exploiting.

A-36     “Field” means human prophylactic uses of a vaccine for SARS-CoV-2 disease.

A-37     “Firm Order” shall have the meaning ascribed in Section 3.1 (Forecast).

A-38     “First Commercial Sale” means, with respect to a Product in any country or region, the first sale of the Product to a third party for distribution, use, or consumption in such country or region after receipt of Regulatory Approval for such Product in such country or region.

A-39     “Forecast” shall have the meaning ascribed in Section 3.1 (Forecast).

A-40     “Fully-Loaded Cost” means [***].

A-41     “Governmental Authority” means any legislative, executive, or judicial unit of any governmental authority or instrumentality (international, national, federal, state, provincial, or municipal, in any country or other jurisdiction), or any tribunal, department, agency, board, bureau, commission, official, or other regulatory, administrative, or judicial authority thereof, including any administrative or regulatory agency or commission, and any court, in each instance having legal jurisdiction over the subject matter before it.

A-42     “Infringement” shall have the meaning ascribed to it in Section 9.3 (Infringement).

A-43     “Infringer” shall have the meaning ascribed to it in Section 9.4 (Infringer).

A-44     “Intellectual Property Rights” shall mean and refer to Patent Rights as well as rights in all other intellectual property including trademarks, trade names, service marks, domain names, copyrights, trade secrets, rights in and to databases (including rights to prevent the extraction or reutilisation of information from a database), design rights, topography rights and all rights or forms of protection of a similar nature whether registered or applications for registration thereof.

A-45     “JSC” shall have the meaning ascribed to it in Section 2.7.a.1 (JSC Establishment).

A-46     “JSC Chairperson” shall have the meaning ascribed to it in Section 2.7a.1 (JSC Establishment).

A-47     “Know-How” means any proprietary information and materials, including records, discoveries, improvements, modifications, processes, techniques, methods, assays, chemical or biological materials, designs, protocols, formulas, data (including physical data, chemical data, toxicology data, animal data, raw data, clinical data, and analytical and quality control data), dosage regimens, control assays, product specifications, marketing, pricing and distribution costs, inventions, algorithms, technology, forecasts, profiles, strategies, plans, results in any form whatsoever, know-how, and trade secrets (in each case, patentable, copyrightable, or otherwise).

A-48     “Licensed Know-How” means all Know-How that is Controlled by Novavax or its Affiliates as of the Effective Date of the Restated Agreement in relation to the (a) Adjuvant and (b) Manufacture of the Drug Substance, including any biological materials

to be mutually agreed by the Parties, which is necessary for the Development, Manufacture or Commercialization of Product

A-49     “Licensed Patents” means the Patent Rights of Novavax in relation to the (a) Adjuvant and (b) Drug Substance (including any variants of the Drug Substance), which are licensed to SIIPL under this Restated Agreement, and which are annexed herein as Appendix B.

A-50     “Losses” has the meaning set forth in Section 11.1 (Indemnification By SIIPL).

A-51     “Manufacture” or “Manufacturing” means activities which include, without limitation, the formulation, processing, packaging, labeling, filling, finishing, assembly, shipping, storage, or freight of any pharmaceutical, biologic, or vaccine product (or any components or process steps involving any product or any companion diagnostic), placebo, or comparator agent, as the case may be, including quality assurance and stability testing, characterization testing, quality control release testing of drug substance and drug product, quality assurance batch record review and release of product, process development, qualification, and validation, scale-up, preclinical, clinical, and commercial manufacture and analytic development, and product characterization, but excluding activities directed to Development, Medical Affairs, or Commercialization. “Manufacturing” and “Manufactured” will be construed accordingly.

A-52     “Medical Affairs” means any and all activities conducted by or on behalf of a Party’s or any of its Affiliates’ medical affairs departments, including communications with key opinion leaders, medical education, symposia, advisory boards (to the extent related to medical affairs or clinical guidance), activities performed in connection with patient registries, and other medical programs and communications, including educational grants, research grants (including conducting investigator initiated studies), and charitable donations to the extent related to medical affairs and not to activities that involve the promotion, marketing, sale, or other Commercialization of the Product and are not conducted by or on behalf of a Party’s or any of its Affiliates’ medical affairs departments. Medical Affairs excludes any activities directed to Manufacturing, Development, or Commercialization.

A-53     “Net Sales” means the gross receipts representing sales of the Product to third parties (whether an end-user, a distributor or otherwise) by SIIPL or its Affiliates less applicable deductions for the following invoiced or itemized items to the extent actually allowed and taken by such third parties and not otherwise recovered by or reimbursed to SIIPL or its Affiliate in connection with such Product:

[***]

If SIIPL or its Affiliate receives non-cash consideration for a Product sold to a third party during the Term, then [***].

No deduction will be made for any cost incurred by SIIPL in [***]. If a single item falls into more than one of the categories set forth in clauses (i)-(vi) above, then such item may not be deducted more than once.

Transfers or sales between SIIPL and its Affiliates will be disregarded for purposes of calculating Net Sales, except if such purchaser is an end user.

A-54     “Non-Binding Period” shall have the meaning ascribed in Section 3.1 (Forecast).

A-55     “Novavax Exclusive Territory” shall the countries of [***].

A-56     “Novavax Improvements” shall mean and include all Know-How related to the Adjuvant invented or developed solely by either Party or jointly by both Parties during the Term in the performance of this Restated Agreement.

A-57     “Novavax Indemnitees” shall have the meaning ascribed to it in Section 11.1 (Indemnification by SIIPL).

A-58     “Novavax Proprietary Rights” shall mean all proprietary rights, including any and all Intellectual Property Rights, in the Licensed Patents and Novavax Improvements.

A-59     “Pandemic Period” shall mean worldwide situation / period which the World Health Organization declares as Public Health Emergency of International Concern in relation to the SARS-CoV-2 virus.

A-60     “Payee Party” shall have the meaning ascribed to it in Section 7.3 (Taxes).

A-61     “Paying Party” shall have the meaning ascribed to it in Section 7.3 (Taxes).

A-62     “Payment” shall have the meaning ascribed to it in Section 7.3 (Taxes).

A-63     “Patent Rights” means all rights, title and interests in and to (a) all national, regional, and international patents and patent applications filed in any country of the world including provisional patent applications and all supplementary protection certificates, (b) all patent applications filed either from such patents, patent applications, or provisional applications or from an application claiming priority from any of these, including any continuation, continuation-in part, divisional, provisional, converted provisional, or continued prosecution application, or any substitute applications, (c) any patent issued with respect to or in the future issued from any such patent applications, including utility models, petty patents and design patents and certificates of invention, and (d) any and all extensions or restorations by existing or future extension or restoration mechanisms, including revalidations, reissues, reexaminations, and extensions (including any supplementary protection certificates and the like) of the foregoing patents or patent applications. For sake of clarity, in relation to Novavax, Patent Rights in the Adjuvant shall include the Licensed Patents, list of which is annexed to this Restated Agreement in Appendix B.

A-64     “Permitted Recipients” shall have the meaning ascribed to in Section 2.5 (Restrictions on Use).

A-65     “Person” means any individual, corporation, partnership, limited liability company, firm, association, joint venture, joint stock company, trust, unincorporated organization, or other entity, or any Governmental Authority.

A-66     “Pharmacovigilance Agreement” has the meaning set forth in Section 2.1.b. (Pharmacovigilance Agreement).

A-67     “Product” has the meaning set forth in the Recitals.

A-68     “Purchase Order” shall have the meaning ascribed in Section 3.1 (Forecast).

A-69     “Quality Agreement” means an agreement containing customary and commercially reasonable terms that will provide, among other things, quality standards for the Adjuvant or Product, as applicable, the requirements for product release, the respective roles and responsibilities of each Party in these processes, the standards and procedures for the handling of any deviations from the usual quality standards or product release requirements, and/or any complaints, the processes and allocation of responsibilities for reporting of these matters, and related topics.

A-70     [***].

A-71     “Receiving Party” shall have the meaning ascribed to it in Section 12.1 (Confidential Information ‒ Definition).

A-72     “Regulatory Approval” means any and all approvals (including supplements, amendments, pre-and post-approvals, and all pricing and reimbursement approvals), licenses, registrations or authorizations, including marketing approvals and authorizations, required by relevant Governmental Authorities for the Development, Manufacture, or Commercialization of the Adjuvant or Product, as applicable.

A-73     “Regulatory Report” means a brief description in English of [***] provided to the JSC [***] of receipt thereof.

A-74     “Revenue” means the Net Sales of Product, less (a) DS Price, (b) Adjuvant Price and (c) DP Cost, (a), (b) and (c) collectively referred to as “Agreed Cost Price”.

A-75     “Safety Stock” shall the meaning ascribed to it in 2.2 (Safety Stock).

A-76     “SIIPL Exclusive License” shall have the meaning ascribed to it in Section 6.1.a. (Exclusive License).

A-77     “SIIPL Exclusive Territory” shall mean India.

A-78     “SIIPL Improvements” shall mean and include all Know-How, invented or developed during the Term (a) by SIIPL during the formulation, Manufacture, Development and further Commercialization of the Product or (b) solely by SIIPL during the Manufacture of the Drug Substance; provided in no case shall SIIPL Improvements include Novavax Improvements.

A-79     “SIIPL Indemnitees” shall have the meaning ascribed to it in Section 11.2 (Indemnification by Novavax).

A-80     “SIIPL Proprietary Rights” shall mean all proprietary rights, including any and all Intellectual Property Rights, in the SIIPL Improvements.

A-81     “SIIPL Royalty Payment” shall have the meaning ascribed to it in Section 7.1 (SIPL Royalty Payment).

A-82     “SIIPL Non-Exclusive Territory” shall mean a) during the Pandemic Period all the other countries EXCEPT SIIPL Exclusive Territory and Novavax Exclusive Territory and b) immediately following the Pandemic Period only those countries designated as low or middle income countries (including any sub-designations of low or middle income countries (e.g., a “high middle income country”) according to the then most recent published Word Bank classification of countries as of the first day of the end of the Pandemic Period (“LMIC”), subject to and may be modified in accordance with Section 6.1.b. (Non-Exclusive License).

[***]

A-83     “SIIPL Territory” shall mean SIIPL Exclusive Territory and SIIPL Non-Exclusive Territory together.

A-84     “Term” has the meaning set forth in Section 13.1 (Term).

A-85     “Technology Transfer” has the meaning set forth in ARTICLE 5 (Technology Transfer).

[***]