FIRST AMENDMENT TO LEASE AGREEMENT
THIS FIRST AMENDMENT TO LEASE AGREEMENT (this “ Amendment ”) is entered into as of this
30 day of May, 2008 (the “ Execution Date ”), by and between BMR-9920 BELWARD CAMPUS Q LLC, a
Rhode Island limited liability company (“ Landlord ,” f.k.a. GP Rock One, L.L.C.), and NOVAVAX, INC., a
Delaware corporation (“ Tenant ”).
A. WHEREAS, Landlord and Tenant entered into that certain Lease Agreement dated as of May 7, 2007 (as
the same may have been amended, supplemented or otherwise modified from time to time, the “ Lease ”),
whereby Tenant leases certain premises (the “ Premises ”) from Landlord at 9920 Belward Campus Drive in
Rockville, Maryland (the “ Building ”);
B. WHEREAS, Tenant has performed certain Alterations to the Premises;
C. WHEREAS, Landlord and Tenant desire to extend the Lease Term; and
D. WHEREAS, Landlord and Tenant desire to modify and amend the Lease only in the respects and on the
conditions hereinafter stated.
NOW, THEREFORE, Landlord and Tenant, in consideration of the mutual promises contained herein and for
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and
intending to be legally bound, agree as follows:
1. Definitions . For purposes of this Amendment, capitalized terms shall have the meanings ascribed to them
in the Lease unless otherwise defined herein.
2. Extension of Lease Term . The Lease Term is hereby extended until January 31, 2018. The period from
February 1, 2013, through January 31, 2018, is referred to herein as the “ Extension Term .” Base Rent for the
Extension Term, calculated in accordance with Section 3(b) of this Amendment, shall increase in accordance with
Section 2.C of the Lease.
3. Allowance for Alterations .
a. Landlord shall reimburse Tenant for up to Three Million Dollars ($3,000,000) (the “ Allowance ”) for
Tenant’s construction of Alterations, to the e