IDT Australia Limited entered into a Master Service Agreement and accompanying Services Order (collectively an Agreement) with Monash University, pursuant to which IDT will provide cGMP contract manufacturing services to produce drug product for Monash Institute of Pharmaceutical Sciences' (MIPS') mRNA COVID-19 receptor binding domain vaccine clinical trial. This Agreement formalises the discussions and activities between MIPS and IDT with respect to MIPS' COVID-19 receptor binding domain vaccine clinical product; and IDT providing cGMP manufacturing services encompassing the following activities: technical transfer, vendor assurance, specialised equipment installation and commissioning, documentation, analytical method development, lipid nanoparticle formulation, media fill, engineering trial(s), cGMP batch manufacture and stability trials. Monash to supply to IDT the bulk raw materials (including: up to 200mg of mRNA drug substance encoding part of the SARS-CoV-2 spike protein, excipients, lipids and polymers). Monash to lend IDT certain items of specialised equipment, which shall be returned to Monash following the completion of the project. Acceptance testing shall be a shared responsibility between Monash and IDT. All intellectual property rights in any background IP remain with the party that contributed the background IP. All intellectual property rights in the services IP vest with Monash. Agreement commencement date: 12 October 2021, Agreement expiry date: 30 April 2022. Monash may extend the Agreement by notice in writing, for such period as is specified in that notice. Monash may terminate the Agreement with 30 days' written notice. Either party may terminate the Agreement with written notice to the other party fourteen days following the other party's failure to remedy a breach of the Agreement. IDT's fees under the Agreement are based on achieving certain project milestones in relation to the cGMP manufacturing activities. Total fees (excluding GST) are AUD 1,999,999 and will be invoiced for work performed on a monthly basis.