0000950133-03-001043 Sample Contracts

PLEDGE AGREEMENT
Pledge Agreement • March 28th, 2003 • Novavax Inc • Biological products, (no disgnostic substances) • Delaware

AGREEMENT made as of March 21, 2002 by and between Denis M. O’Donnell, M.D., residing at 5 Westgate Road, Winchester, Massachusetts 01890 (the “Pledgor”) and Novavax, Inc., a Delaware corporation with an address 8320 Guilford Road, Columbia, Maryland 21046 (the “Pledgee”).

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SECURITY AGREEMENT
Security Agreement • March 28th, 2003 • Novavax Inc • Biological products, (no disgnostic substances) • Pennsylvania

This Security Agreement is made and entered into this 20th day of December 2002, by and between NOVAVAX, INC., a Delaware Corporation, of 8320 Guilford Road, Suite C, Columbia, Maryland 21046, hereinafter referred to as the Borrower and PIDC LOCAL DEVELOPMENT CORPORATION, 2600 Centre Square West, 1500 Market Street, Philadelphia, Pennsylvania 19102 hereinafter referred to as the Secured Party, as follows:

Sample 1
GUARANTY OF ACCOUNT
Guaranty of Account • March 28th, 2003 • Novavax Inc • Biological products, (no disgnostic substances) • New York
Sample 1
SECURITY AGREEMENT
Security Agreement • March 28th, 2003 • Novavax Inc • Biological products, (no disgnostic substances) • Pennsylvania

This Security Agreement is made and entered into this 20th day of December 2002, by and between NOVAVAX, INC., a Delaware Corporation, of 8320 Guilford Road, Suite C, Columbia, Maryland 21046, hereinafter referred to as the Borrower and PIDC LOCAL DEVELOPMENT CORPORATION, 2600 Centre Square West, 1500 Market Street, Philadelphia, Pennsylvania 19102 hereinafter referred to as the Secured Party, as follows:

Sample 1
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