Disclaimer 

This confidential Company Presentation (corporate presentation) has been prepared and issued by the Company (the Company) from data publicly available and internal data. The Corporate Presentation is furnished to a kimited number of parties, who have expressed an interest in a potential investment in the Company (the Transaction) solely to assist such recipients in deciding whether to proceed with a further investigation of the Transaction. It does not constitute an offer or an invitation for purchase, sale or subscription of securities or any form of rights relating to securities or any other assets of the Company in any jurisdiction. Neither the receipt of this corporate presentation by any person, nor any information contained herein or supplied in connection herewith or subsequently communicated to any person in connection with the Transaction constitutes, or shall be replied upon as constituting, the giving of investment advise to any such person by the Company. In all cases, interested parties should conduct their own investigation and analysis of the Transaction an its prospects and should seek their own financial, legal, tax or other professional advise. In particular, only those representations and warranties, if any, which may made to a purchaser in a final sale and purchase agreement when, as and if executed and subject to such limitations and restrictions as may be specified therein, will have any legal effect.

The information in the Corporate Presentation has been prepared with reasonable care by the Company. However, neither the Company, nor any of their affiliates, nor any of their respective directors, officers, employees or agents make any representation or warranty, expressed or implied, as to fairness, correctness, accuracy or completeness of the information contained herein. Nor is any liability accepted for the reasonableness of assumptions made or opinions stated or the likelihood of the achievement of projections, prospects or returns. Any responsibility or liability for any such information or opinions is expressly disclaimed. Nothing in the Corporate Presentation is, or should be relied upon as, a promis or representation of the future.

The information contained in the Corporate Presentation, including any statement with respect to projections, the future prospects of the Transaction or the assumptions on which such statements are based, has not been independently verified.

Although the Company may amend or replace the Corporate Presentation at any time and provide additional information to interested parties concerning the Transaction, the Company shall not be obligated to update or correct the information set forth in the Corporate Presentation or provide any additional information.

The use of this Corporate Presentation is governed by the terms of the Confidentiality Agreement previously executed by the recipient, which strictly limits the use and copying of the information contained herein. Any person in possession of this Corporate Presentation should familiarize himself/herself with the terms of the Confidentiality Agreement before reading, circulating or using the Corporate Presentation. Recipients of the Corporate Presentation are to ensure that the terms of the Confidentiality Agreement are strictly observed. This Corporate Presentation may not be used for any purpose other than the evaluation of the Transaction by the person to whom this Corporate Presentation is delivered.

In the event that the recipient has no further interest in pursuing the Transaction or, if at any time upon request, the recipient will return this Corporate Presentation, together with all other material relating to the Transaction which the recipient may have received from the Company, its advisors or any of their affiliates, at the earliest opportunity.

The issue of the Corporate Presentation shall not be taken as any form of commitment to proceed with any transaction and the Company reserve the right to:

– Terminate or suspend all further participation by any party in the investigation of the Transaction at any time without prior notice ; the Company shall not have any responsibility or liability for any costs or expenses incurred by the recipient

– Negotiate with one or more parties at any time and enter into a definitive sale and/or purchase agreement without prior notice to any of the recipients of this Corporate Presentation ; or

– Modify the rules and procedures set forth herein or any procedures relating to the Transaction without prior notice to any recipient of this Corporate Presentation. In no instance will the Company be required to state any reason for such termination or alteration in process.

By accepting this Corporate Presentation, the recipient acknowledges that :

– The recipient will not discloset o any third party that this Presentation has been provided; and

– Any proposed actions by the recipient which are inconsistent in any manner with the provisions set out in this section «Important Notice » will require the prior written consent of the Company.

The Corporate Presentation, including the terms of this section « Important Notice » and the rights and obligations (if any) of any person or entity arising from or in connection with the Corporate Presentation, are governed by and are to be construed in accordance with Swiss law. The place of performance and the place of jurisdiction is Zug, Switzerland. The Company, however, may elect to assert any of their claims in the place of domicile of any relevant party or in any other competent jurisdiction. The foregoing provisions of this paragraph do not apply to rights and obligations of any person under any sale and purchase agreement, which will be governed exclusively by the provisions set forth therein. The terms of this notice apply to all sections in the Corporate Presentation as well as to any other information provided to the recipients of the Corporate Presentation in writing, orally, electronically or otherwise in written, electronic, oral or other form.

The issue of the Corporate Presentation shall not be taken as any form of commitment to proceed with any transaction and the Company

reserve the right to:

– Terminate or suspend all further participation by any party in the investigation of the Transaction at any time without prior notice ; the Company shall not have any responsibility or liability for any costs or expenses incurred by the recipient

– Negotiate with one or more parties at any time and enter into a definitive sale and/or purchase agreement without prior notice to any of the recipients of this Corporate Presentation ; or

– Modify the rules and procedures set forth herein or any procedures relating to the Transaction without prior notice to any recipient of this Corporate Presentation. In no instance will the Company be required to state any reason for such termination or alteration in process.

By accepting this Corporate Presentation, the recipient acknowledges that :

– The recipient will not discloset o any third party that this Presentation has been provided; and

– Any proposed actions by the recipient which are inconsistent in any manner with the provisions set out in this section «Important Notice » will require the prior written consent of the Company.

The Corporate Presentation, including the terms of this section « Important Notice » and the rights and obligations (if any) of any person or entity arising from or in connection with the Corporate Presentation, are governed by and are to be construed in accordance with Swiss law. The place of performance and the place of jurisdiction is Zug, Switzerland. The Company, however, may elect to assert any of their claims in the place of domicile of any relevant party or in any other competent jurisdiction. The foregoing provisions of this paragraph do not apply to rights and obligations of any person under any sale and purchase agreement, which will be governed exclusively by the provisions set forth therein. The terms of this notice apply to all sections in the Corporate Presentation as well as to any other information provided to the recipients of the Corporate Presentation in writing, orally, electronically or otherwise in written, electronic, oral or other form.

Pharma Globe AG

Roosstrasse 53
8832 Wollerau

E-Mail: info@swissvaccine-seruminstitute.ch

Disclaimer