Novavax (NVAX) 10-Q 2022 Q3 Quarterly report

Exhibit 10.6

CERTAIN INFORMATION IDENTIFIED WITH [***] HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) IS OF THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL.

Novavax, Inc.

21 Firstfield Road

Gaithersburg, MD 20878

Attention:    [***]

Subject:    Modification No. 16 to Project Agreement No. 01; MCDC2011-001 Reference:    MCDC Base Agreement No. 2020-530

Dear [***]:

In accordance with the terms and conditions of the referenced MCDC Base Agreement, Modification No. 16 hereby amends Project Agreement No. 01 as follows:

DESCRIPTION OF MODIFICATION

1) The Limitations of Costs clause of the Project Agreement hereby replaces the Incremental Funding clause as indicated below:

5. LIMITATION OF COSTS

The total amount of funding currently available for payment and allotted to this Project Agreement is

$1,800,670,981(this is an increase of $52,981,653). If at any time the Project Agreement Holder has reason to believe that the Total Estimated Cost which will accrue in the performance of this Project Agreement in the next succeeding [***], when added to all other payments previously accrued, will exceed [***] of the then current total authorized funding, the Project Agreement Holder shall notify the MCDC CMF to that effect, advising the estimate of additional funds required for the period specified. The Project Agreement Holder is not obligated to continue performance under this Project Agreement (including actions under the Termination clause of the MCDC Base Agreement) or otherwise incur costs in excess of the amount allotted to the Project Agreement by the MCDC CMF.

Except as provided herein, all Terms and Conditions of the referenced MCDC Base Agreement, Project Agreement and preceding modifications remain unchanged and in full force and effect.

This modification is issued unilaterally. The Project Agreement Holder is not required to sign to finalize this

action.

Advanced Technology International

By: /s/ [***]    

Name: [***]     

Title: Vice President Contracts and Procurement    

Date: Sep 1 2022