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LIMITED LIABILITY COMPANY AGREEMENT
OF
BIOLENDER, LLC

A DELAWARE LIMITED LIABILITY COMPANY The undersigned members (the " Members" ) hereby, and
with the filing of the certificate of formation (the " Certificate of Formation" ), form a limited liability
company pursuant to and in accordance with the Delaware Limited Liability Company Act, as amended
from time to time (the " Act" ), and hereby declare the following to be the Limited Liability Company
Agreement of such limited liability company:

ARTICLE I.

ORGANIZATION

Section 1.01 Name . The name of the limited liability company is BIOLENDER, LLC (the " Company" ).
Section 1.02 Purpose . The purpose for which the Company has been formed is to engage in any lawful
act or activity for which limited liability companies may be formed under the Act, including, but not
limited to lending $8,500,000 to Biovax Investment LLC, and such future amounts to Biovax Investment
LLC as the members shall determine.
Section 1.03 Office . The registere