Document:

EX-10.2

 Exhibit 10.2 

EXECUTION VERSION 
 EXCHANGE
AGREEMENT 
 This EXCHANGE AGREEMENT (as it may be amended from time to time in accordance with the terms hereof, this
“Agreement”), dated as of November 19, 2020 and effective as of immediately prior to the consummation of the IPO (as defined below) (the “Effective Time”), is made by and among Maravai LifeSciences Holdings,
Inc., a Delaware corporation (the “Corporation”), Maravai Topco Holdings, LLC, a Delaware limited liability company (the “Company”), and Maravai Life Sciences Holdings, LLC, a Delaware limited liability company (the
“Member”). 
 WHEREAS, in connection with the initial public offering of the Corporation’s Class A Common Stock
(the “IPO”), the Corporation intends to consummate the transactions described in the Registration Statement on Form S-1, as amended (Registration
No. 333-249733); 
 WHEREAS, immediately following the IPO, the Member owns the number of
Common Units and shares of Class B Common Stock set forth on Exhibit A hereto; and 
 WHEREAS, the parties to this Agreement
desire to provide for the exchange of Exchangeable Units together with shares of Class B Common Stock for shares of Class A Common Stock, on the terms and subject to the conditions set forth herein. 

NOW, THEREFORE, in consideration of the mutual covenants and undertakings contained herein and for good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 ARTICLE I 

Section 1.1 Definitions.  

As used in this Agreement, the following terms have the following meanings: 

“Affiliate” has the meaning set forth in the LLC Agreement. 

“Agreement” has the meaning set forth in the preamble. 

“Business Day” means any day other than a Saturday, Sunday or other day on which the banks in New York, New York or San
Diego, California are authorized by law to be closed. 
 “Cash Payment” means, an amount in cash equal to the product of
(x) the Exchanged Unit Amount, (y) the then-applicable Exchange Rate, and (z) (i) solely in connection with a Change of Control Exchange, the Class A Common Stock Value, and (ii) with respect to any Exchange that is not a
Change of Control Exchange, the price to the public or the private sale price, as applicable, of the Corporation’s Class A Common Stock in the substantially concurrent public offering or private sale, as applicable. 

“Change of Control” has the meaning set forth in the Tax Receivable Agreement. 

“Change of Control Exchange” has the meaning set forth in Section 2.1(b)(i). 

“Change of Control Exchange Date” has the meaning set forth in Section 2.1(b)(iii). 

“Class A Common Stock” means the Class A common stock, par value $0.01 per share, of the Corporation. 

 “Class A Common Stock Value” means, with respect to any Change of Control
Exchange, the greater of (x) the arithmetic average of the volume weighted average prices for a share of Class A Common Stock on the principal U.S. securities exchange or automated or electronic quotation system on which the Class A
Common Stock trades, as reported by Bloomberg, L.P., or its successor, for each of the three (3) consecutive full Trading Days ending on and including the last full Trading Day immediately prior to the related Exchange Date, subject to
appropriate and equitable adjustment for any stock splits, reverse splits, stock dividends or similar events affecting the Class A Common Stock and (y) the price per share of Class A Common Stock offered by the Person or group that is
the acquirer in the applicable Change of Control transaction. If the Class A Common Stock no longer trades on a securities exchange or automated or electronic quotation system, then the Class A Common Stock Value shall be determined in
good faith by a majority of the directors of the Corporation that do not have an interest in the Exchangeable Units and shares of Class B Common Stock being Exchanged. 

“Class B Common Stock” means the Class B common stock, par value $0.001 per share, of the Corporation. 

“Code” means the Internal Revenue Code of 1986, as amended. 

“Common Unit” has the meaning set forth in the LLC Agreement. 

“Contribution Notice” has the meaning set forth in Section 2.1(a)(iv). 

“Corporation” has the meaning set forth in the preamble. 

“Effective Time” has the meaning set forth in the preamble. 

“Exchange” has the meaning set forth in Section 2.1(a)(i). 

“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Exchange Date” has the meaning set forth in Section 2.1(a)(iii). 

“Exchange Notice” has the meaning set forth in Section 2.1(a)(iii). 

“Exchange Rate” means the number of shares of Class A Common Stock for which one Common Unit is entitled to be
Exchanged. The Exchange Rate will also be used to determine the number of shares of Class B Common Stock that the Member must surrender upon an Exchange. On the date of this Agreement, the Exchange Rate shall be 1.00, subject to adjustment
pursuant to Section 2.2. 
 “Exchangeable Unit” means a Common Unit held by the Member. 

“Exchanged Unit Amount” means, with respect to an Exchange, the number of Common Units set forth in the applicable Exchange
Notice. 
 “First Exchange Time” means the expiration or earlier waiver of any lockup agreement relating to the IPO. 

“IPO” has the meaning set forth in the recitals. 

“Liens” means any and all liens, charges, security interests, options, claims, mortgages, pledges, proxies, voting trusts or
agreements, obligations, understandings or arrangements, or other restrictions on title or transfer of any nature whatsoever. 

  
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 “LLC Agreement” means the Amended and Restated Limited Liability Company
Agreement of the Company dated as of the date hereof, as the same may be amended, amended and restated or replaced from time to time. 

“Manager” has the meaning set forth in the LLC Agreement. 

“Member” has the meaning set forth in the preamble. 

“Permitted Transferee” has the meaning set forth in the LLC Agreement. 

“Person” means any natural person, corporation, limited partnership, general partnership, limited liability company, joint
stock company, joint venture, association, company, estate, trust, bank trust company, land trust, business trust or other organization, whether or not a legal entity, custodian, trustee-executor, administrator, nominee or entity in a representative
capacity, and any government or agency or political subdivision thereof. 
 “Registration Rights Agreement” means the
Registration Rights Agreement by and among the Corporation and the other parties thereto, dated as of the date hereof, as the same may be amended, amended and restated or replaced from time to time. 

“Retraction Notice” has the meaning set forth in Section 2.1(a)(vi). 

“SEC” means the Securities and Exchange Commission. 

“Securities Act” means the U.S. Securities Act of 1933, as amended. 

“Subsidiary” means, with respect to any Person, any corporation, limited liability company, partnership, association or
business entity of which (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the
time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or (ii) if a limited liability company, partnership, association or other business entity (other
than a corporation), a majority of partnership or other similar ownership interests thereof is at the time owned or controlled, directly or indirectly, by any Person or one or more Subsidiaries of that Person or a combination thereof. For purposes
hereof and without limitation, a Person or Persons shall be deemed to have a majority ownership interest in a limited liability company, partnership, association or other business entity (other than a corporation) if such Person or Persons shall be
allocated a majority of limited liability company, partnership, association or other business entity gains or losses or shall be or control the manager, managing member, managing director (or a board comprised of any of the foregoing) or general
partner of such limited liability company, partnership, association or other business entity. For purposes hereof, references to a “Subsidiary” of any Person shall be given effect only at such times that such Person has one or more
Subsidiaries. 
 “Takeover Laws” has the meaning set forth in Section 3.1. 

“Tax Receivable Agreement” means that certain Tax Receivable Agreement, dated on or about the date hereof, among the
Corporation, the Company and the other parties thereto, as the same may be amended, amended and restated or replaced from time to time. 

“Trading Day” means a day on which the principal U.S. securities exchange on which the Class A Common Stock is listed or
admitted to trading is open for the transaction of business (unless such trading shall have been suspended for the entire day). 

  
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 “Voting Securities” means any equity securities of the Corporation that are
entitled to vote generally in matters submitted for a vote of the Corporation’s stockholders or generally in the election of the Corporation’s Board of Directors. 

ARTICLE II 

Section 2.1 Exchange of Common Units. 

(a) Elective Exchanges. 

(i) From and after the First Exchange Time, the Member shall be entitled, upon the terms and subject to the conditions hereof
and the LLC Agreement, to surrender Exchangeable Units and a corresponding number of shares of Class B Common Stock after taking into account the Exchange Rate (in each case, free and clear of all Liens) to the Corporation in exchange for the
delivery to the Member (or its designee) of either, at the option of the Corporation, (x) a number of shares of Class A Common Stock that is equal to the product of the applicable Exchanged Unit Amount multiplied by the Exchange Rate or
(y) solely in connection with an Exchange (including a Change of Control Exchange) that coincides with a substantially concurrent public offering or private sale of Class A Common Stock, the applicable Cash Payment. Any exchange of
Exchangeable Units and Class B Common Stock for Class A Common Stock or the Cash Payment, as applicable, is defined herein as an “Exchange.” Subject to Section 2.1(a)(ii), after the
First Exchange Time the Member may Exchange Exchangeable Units at any time and from time to time. Notwithstanding anything to the contrary herein, neither the Corporation nor the Company shall effectuate a Cash Payment pursuant to this
Section 2.1(a) or (b)Section 2.1(b) unless (A) the Corporation determines to consummate a private sale or public offering of Class A Common Stock on, or not later than five (5) Business Days after, the
relevant Exchange Date and (B) the Corporation contributes sufficient proceeds from such private sale or public offering to the Company for payment by the Company of the applicable Cash Payment. For the avoidance of doubt, the Company shall
have no obligation to make a Cash Payment that exceeds the cash contributed to the Company by the Corporation from the Corporation’s offering or sales of Class A Common Stock referenced earlier in this
Section 2.1(a)(i). 
 (ii) Notwithstanding anything to the contrary contained herein,
the Member shall not be entitled to effectuate an Exchange of Exchangeable Units (and a corresponding number of shares of Class B Common Stock after taking into account the Exchange Rate) as set forth in this
Section 2.1(a), and the Corporation and Company shall have the right to refuse to honor any request for such an Exchange, if at any time the Corporation or the Company determines based on the advice of counsel that such
Exchange (1) would be prohibited by law or regulation (including, without limitation, the unavailability of a registration of such Exchange under the Securities Act, or an exemption from the registration requirements thereof) or (2) would
not be permitted under any agreement with the Corporation, the Company or any of their Subsidiaries to which the Member is party (including, without limitation, the LLC Agreement). Upon such determination, the Corporation or the Company (as
applicable) shall notify the Member, which such notice shall include an explanation in reasonable detail as to the reason that the Exchange has not been honored. 

(iii) The Member shall exercise its right to effectuate an Exchange of Exchangeable Units, and a corresponding number of shares
of Class B Common Stock after taking into account the Exchange Rate, as set forth in this Section 2.1(a) by delivering to the Company, with a contemporaneous copy delivered to the Corporation, during normal business
hours, (A) a written election of exchange in respect of the Exchangeable Units to be exchanged substantially in the form of Exhibit B hereto (an “Exchange Notice”), duly executed by the Member, (B) any

  
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certificates in the Member’s possession representing such Exchangeable Units, (C) any stock certificates in the Member’s possession representing such shares of Class B Common
Stock and (D) if the Corporation, the Company or any exchanging Subsidiary requires the delivery of the certification contemplated by Section 2.4(b), such certification or written notice from the Member that it
is unable to provide such certification. Unless the Member timely has delivered a Retraction Notice pursuant to Section 2.1(a)(vi), an Exchange pursuant to this Section 2.1(a) shall be
effected on the fifth Business Day following the Business Day on which the Corporation and the Company have received the items specified in clauses (A)-(D) of the first sentence of this Section 2.1(a)(iii) or such
later date that is a Business Day specified in the Exchange Notice (such Business Day, the “Exchange Date”); provided, that the Company may establish alternate exchange procedures as necessary in order to facilitate the
establishment by the Member of a trading plan meeting the requirements of Rule 10b5-1 under the Exchange Act. On the Exchange Date, all rights of the Member as a holder of the Exchangeable Units and shares of
Class B Common Stock that are subject to the Exchange shall cease, and unless the Corporation has elected Cash Payment, the Member (or its designee) shall be treated for all purposes as having become the record holder of the shares of
Class A Common Stock to be received by the Member in respect of such Exchange. 
 (iv) Within two (2) Business Days
following the Business Day on which the Corporation and the Company have received the Exchange Notice, the Corporation shall give written notice (the “Contribution Notice”) to the Company (with a copy to the Member) of its intended
settlement method; provided that if the Corporation does not timely deliver a Contribution Notice, the Corporation shall be deemed to have not elected the Cash Payment method. 

(v) The Member may specify, in an applicable Exchange Notice, that the Exchange is to be contingent (including as to timing)
upon the occurrence of any transaction or event, including the consummation of a purchase by another Person (whether in a tender or exchange offer, an underwritten offering, Change of Control transaction or otherwise) of shares of Class A
Common Stock or any merger, consolidation or other business combination. 
 (vi) Notwithstanding anything herein to the
contrary, the Member may withdraw or amend its Exchange Notice, in whole or in part, at any time prior to 5:00 p.m. San Diego, California time, on the Business Day immediately prior to the Exchange Date by giving written notice (a
“Retraction Notice”) to the Company (with a copy to the Corporation) specifying (A) the number of withdrawn Exchangeable Units (and corresponding number of shares of Class B Common Stock after taking into account the
Exchange Rate), (B) the number of Exchangeable Units (and corresponding number of shares of Class B Common Stock after taking into account the Exchange Rate) as to which the Exchange Notice remains in effect, if any, and (C) if the Member
so determines, a new Exchange Date or any other new or revised information permitted in the Exchange Notice. 
 (b) Change
of Control. In connection with a Change of Control, and subject to any approval of the Change of Control by the holders of Class A Common Stock and Class B Common Stock that may be required: 

(i) The Corporation shall have the right to require the Member to effectuate an Exchange of some or all of the Member’s
Exchangeable Units, and a corresponding number of shares of Class B Common Stock after taking into account the Exchange Rate (in each case, free and clear of all Liens), with the Corporation or, at the option of the Corporation, with any
Subsidiary of the Corporation, in each case, in exchange for the delivery to the Member (or its designee) of a number of shares of Class A Common Stock that is equal to the product of the applicable Exchanged Unit Amount and the Exchange Rate
(such Exchange, a “Change of Control  

  
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Exchange”); provided that, if the Corporation requires the Member to Exchange less than all of its outstanding Exchangeable Units (and corresponding number of shares of
Class B Common Stock after taking into account the Exchange Rate), the Member’s participation in the required Exchange shall be reduced pro rata based on ownership of Exchangeable Units. For the avoidance of doubt, any Exchangeable Units
and a corresponding number of shares of Class B Common Stock held by the Member that are not Exchanged pursuant to a Change of Control Exchange may be Exchanged by the Member after the Change of Control transaction pursuant to
Section 2.1(a) subject to and in accordance with the terms thereof. 
 (ii) The election of the
Corporation pursuant to this Section 2.1(b) shall be at the sole discretion of the Corporation upon the approval thereof by a majority of the Board of Directors of the Corporation. 

(iii) Any Exchange pursuant to this Section 2.1(b) shall be effective immediately prior to the
consummation of the Change of Control (and, for the avoidance of doubt, shall not be effective if such Change of Control is not consummated) (the “Change of Control Exchange Date”). From and after the Change of Control Exchange
Date, (x) the Exchangeable Units and shares of Class B Common Stock Exchanged pursuant to this Section 2.1(b) shall be deemed to be transferred to the Corporation, or the exchanging Subsidiary, as applicable, on
the Change of Control Exchange Date and (y) the Member shall cease to have any rights with respect to the Exchangeable Units and shares of Class B Common Stock Exchanged pursuant to this Section 2.1(b) (other than
the right to receive shares of Class A Common Stock pursuant to Section 2.1(b)(i) upon compliance with its obligations under Section 2.1(c)). 

(iv) The Corporation shall provide written notice of an expected Change of Control to the Member within the earlier of
(x) five (5) Business Days following the execution of the agreement with respect to such Change of Control and (y) ten (10) Business Days before the proposed date upon which the contemplated Change of Control is to be effected, indicating
in such notice such information as may reasonably describe the Change of Control transaction, subject to applicable law, including the date of execution of such agreement or such proposed effective date, as applicable, the amount and types of
consideration to be paid for Exchangeable Units and shares of Class B Common Stock or shares of Class A Common Stock, as applicable, in the Change of Control (which consideration shall be equivalent whether paid for Exchangeable Units and
shares of Class B Common Stock or shares of Class A Common Stock), any election with respect to types of consideration that a holder of Exchangeable Units and shares of Class B Common Stock or shares of Class A Common Stock, as
applicable, shall be entitled to make in connection with the Change of Control, the percentage of total Exchangeable Units and shares of Class B Common Stock or shares of Class A Common Stock, as applicable, to be transferred to the
acquirer by all shareholders in the Change of Control, and the number of Exchangeable Units and shares of Class B Common Stock held by the Member that the Corporation intends to require to be Exchanged for shares of Class A Common Stock in
connection with the Change of Control. The Corporation shall update such notice from time to time to reflect any material changes to such notice. The Corporation may satisfy any such notice and update requirements described in the preceding two
sentences by providing such information on a Form 8-K, Schedule TO, Schedule 14D-9, Preliminary Merger Proxy on Schedule 14A, Definitive Merger Proxy on Schedule 14A or
similar form filed with the SEC. 
 (c) Exchange Procedure on Change of Control Exchange. On or prior to the Change of
Control Exchange Date, the Member shall deliver to the Corporation or the exchanging Subsidiary, as applicable, with a contemporaneous copy delivered to the Company, in each case during normal business hours at the principal executive offices of the
Company and the 

  
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Corporation, respectively: (A) an Exchange Notice, duly executed by the Member, (B) any certificates in the Member’s possession representing all Exchangeable Units being
surrendered by the Member, (C) any stock certificates in the Member’s possession representing all shares of Class B Common Stock being surrendered by the Member and (D) if the Corporation, the Company or the exchanging Subsidiary
requires the delivery of the certification contemplated by Section 2.4(b), such certification or written notice from the Member that it is unable to provide such certification. 

(d) Exchange Consideration. As promptly as practicable on or after the Exchange Date or Change of Control Exchange Date,
as applicable, provided the Member has satisfied its obligations under Section 2.1(a)(iii) or Section 2.1(c), as applicable, the Company or the Corporation shall deliver or cause to be
delivered to the Member (or its designee), either certificates or evidence of book-entry shares representing the number of shares of Class A Common Stock deliverable upon the applicable Exchange, registered in the name of the Member (or its
designee) or, if the Corporation has so elected, the Cash Payment. Notwithstanding anything set forth in this Section 2.1(d) to the contrary, to the extent the Class A Common Stock issued in the exchange will be
settled through the facilities of The Depository Trust Company, the Company or the Corporation will, upon the written instruction of the Member, deliver the shares of Class A Common Stock deliverable to the Member through the facilities of The
Depository Trust Company to the account of the participant of The Depository Trust Company designated by the Member in the Exchange Notice. Upon the Member exercising its right to Exchange in accordance with
Section 2.1(a)(i) or the occurrence of a Change of Control Exchange, the Company or the Corporation shall take such actions as (A) may be required to ensure that the Member receives the shares of
Class A Common Stock or the Cash Payment that the Member is entitled to receive in connection with such Exchange pursuant to this Section 2.1, and (B) may be reasonably within its control that would cause such
Exchange to be treated for purposes of the Tax Receivable Agreement as an “Exchange” under the Tax Receivable Agreement. 

(e) Legends. 

(i) The shares of Class A Common Stock issued upon an Exchange, other than any such shares issued in an Exchange subject
to an effective registration statement under the Securities Act, shall bear a legend in substantially the following form: 
 THE TRANSFER OF
THESE SECURITIES HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER THE SECURITIES LAWS OF ANY OTHER JURISDICTION, AND MAY NOT BE SOLD OR TRANSFERRED OTHER THAN IN ACCORDANCE WITH THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT OF 1933, AS AMENDED (OR OTHER APPLICABLE LAW), OR AN EXEMPTION THEREFROM. 
 (ii) If (A) any shares of
Class A Common Stock have been sold pursuant to a registration statement that has been declared effective by the SEC, (B) all of the applicable conditions of Rule 144 are met, or (C) the legend (or a portion thereof) otherwise ceases
to be applicable, the Corporation, upon the written request of the holder thereof, shall promptly provide such holder or its respective transferees with new certificates (or evidence of book-entry share) for securities of like tenor not bearing the
provisions of the legend with respect to which the restriction has terminated. In connection therewith, such holder shall provide the Corporation with such information in its possession as the Corporation may reasonably request (which may include an
opinion of counsel reasonably acceptable to the Corporation) in connection with the removal of any such legend. 

  
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 (f) Cancellation of Class B Common Stock. Any
shares of Class B Common Stock surrendered in an Exchange shall automatically be deemed cancelled without any action on the part of any Person, including the Corporation. Any such cancelled shares of Class B Common Stock shall no longer be
outstanding, and all rights with respect to such shares shall automatically cease and terminate. 
 (g) Expenses.
Subject to any other arrangement or agreement among the Company and an applicable Member, the Corporation, the Company, any exchanging Subsidiary and the Member shall bear their own expenses in connection with the consummation of any Exchange,
whether or not any such Exchange is ultimately consummated, except that the Corporation shall bear any transfer taxes, stamp taxes or duties, or other similar taxes in connection with, or arising by reason of, any Exchange; provided, however,
that if any shares of Class A Common Stock are to be delivered in a name other than that of the Member that requested the Exchange (or The Depository Trust Company or its nominee for the account of a participant of The Depository Trust Company
that will hold the shares for the account of the Member) or the Cash Payment is to be paid to a Person other than the Member that requested the Exchange, then the Member or the Person in whose name such shares are to be delivered or to whom the Cash
Payment is to be paid shall pay to the Corporation the amount of any transfer taxes, stamp taxes or duties, or other similar taxes in connection with, or arising by reason of, such Exchange or shall establish to the reasonable satisfaction of the
Corporation that such tax has been paid or is not payable. 
 (h) Publicly Traded Partnership. Notwithstanding
anything to the contrary herein, if the Manager of the Company, after consultation with its outside legal counsel and tax advisor, shall determine in good faith that interests in the Company do not meet the requirements of Treasury Regulation Section 1.7704-1(h) (or other provisions of those Regulations as determined by the Manager in its sole discretion), the Company may impose such restrictions on Exchanges as the Company may reasonably determine
to be necessary or advisable so that the Company is not treated as a “publicly traded partnership” under Section 7704 of the Code. 

Section 2.2 Adjustment.  

The Exchange Rate shall be adjusted accordingly if there is: (a) any subdivision (by any stock or unit split, stock or unit dividend or
distribution, reclassification, reorganization, recapitalization or otherwise) or combination (by reverse stock or unit split, reclassification, reorganization, recapitalization or otherwise) of the shares of Class B Common Stock or Common
Units that is not accompanied by a substantively identical subdivision or combination of the Class A Common Stock; or (b) any subdivision (by any stock or unit split, stock or unit dividend or distribution, reclassification,
reorganization, recapitalization or otherwise) or combination (by reverse stock or unit split, reclassification, reorganization, recapitalization or otherwise) of the shares of Class A Common Stock that is not accompanied by a substantively
identical subdivision or combination of the shares of Class B Common Stock or Common Units. To the extent not reflected in an adjustment to the Exchange Rate, if there is any reclassification, reorganization, recapitalization or other similar
transaction in which the Class A Common Stock is converted or changed or exchanged into or for another security, securities or other property, then upon any subsequent Exchange, the Member shall be entitled to receive the amount of such
security, securities or other property that the Member would have received if such Exchange had occurred immediately prior to the effective date of such reclassification, reorganization, recapitalization or other similar transaction, taking into
account any adjustment as a result of any subdivision (by any split, distribution or dividend, reclassification, reorganization, recapitalization or otherwise) or combination (by reverse split, 

  
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reclassification, recapitalization or otherwise) of such security, securities or other property that occurs after the effective time of such reclassification, reorganization, recapitalization or
other similar transaction. For the avoidance of doubt, if there is any reclassification, reorganization, recapitalization or other similar transaction in which the Class A Common Stock is converted or changed or exchanged into or for another
security, securities or other property, this Section 2.2 shall continue to be applicable, mutatis mutandis, with respect to such security or other property. 

Section 2.3 Class A Common Stock to be Issued. 

(a) The Corporation shall at all times reserve and keep available out of its authorized but unissued Class A Common Stock,
solely for the purpose of issuance upon an Exchange, such number of shares of Class A Common Stock as shall be sufficient to effect the conversion of all outstanding Common Units; provided, however, that nothing contained herein shall be
construed to preclude the Corporation from satisfying its obligations in respect of any such Exchange by delivery of unencumbered purchased shares of Class A Common Stock (which may or may not be held in the treasury of the Corporation or any
subsidiary thereof). 
 (b) The Corporation has taken and will take all such steps as may be required to cause to qualify for
exemption under Rule 16b-3(d) or (e), as applicable, under the Exchange Act, and be exempt for purposes of Section 16(b) under the Exchange Act, any acquisitions or dispositions of equity securities of
the Corporation (including derivative securities with respect thereto) and any securities that may be deemed to be equity securities or derivative securities of the Corporation for such purposes that result from the transactions contemplated by this
Agreement, by each director or officer of the Corporation (including directors-by-deputization) who may reasonably be expected to be subject to the reporting requirements of Section 16(a) of the Exchange
Act with respect to the Corporation upon the registration of any class of equity security of the Corporation pursuant to Section 12 of the Exchange Act (with the authorizing resolutions specifying the name of each such officer or director whose
acquisition or disposition of securities is to be exempted and the number of securities that may be acquired and disposed of by each such Person pursuant to this Agreement). 

(c) If any Takeover Law or other similar law or regulation becomes or is deemed to become applicable to this Agreement or any
of the transactions contemplated hereby, the Corporation shall use its reasonable best efforts to render such law or regulation inapplicable to all of the foregoing. 

(d) The Corporation covenants that all shares of Class A Common Stock issued upon an Exchange will, upon issuance, be
validly issued, fully paid and non-assessable and not subject to any preemptive right of stockholders of the Corporation or to any right of first refusal or other right in favor of any Person. 

Section 2.4 Withholding; Certification of Non-Foreign Status. 

(a) If the Corporation or the Company shall be required to withhold any amounts by reason of any federal, state, local or
foreign tax rules or regulations in respect of any Exchange, the Corporation or the Company, as the case may be, shall be entitled to take such action as it deems appropriate in order to ensure compliance with such withholding requirements,
including, at its option, withholding shares of Class A Common Stock with a fair market value equal to the minimum amount of any taxes that the Corporation or the Company, as the case may be, may be required to withhold with respect to such
Exchange. To the extent that amounts are (or property is) so withheld and paid over to the appropriate taxing authority, such withheld amounts (or property) shall be treated for all purposes of this Agreement as having been paid (or
delivered) to the Member. 

  
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 (b) Notwithstanding anything to the contrary herein, each of the Corporation
and the Company may, in its discretion, require that the Member deliver to the Corporation or the Company, as the case may be, a duly completed and executed IRS Form W-9) prior to an Exchange. In the event the
Corporation or the Company has required delivery of such form but the Member does not provide such form, the Corporation or the Company, as the case may be, shall nevertheless deliver or cause to be delivered to the Member the Class A Common
Stock or the Cash Payment in accordance with Section 2.1, but subject to withholding as provided in Section 2.4(a). 

Section 2.5 Tax Treatment. 

Unless otherwise required by applicable law, the parties hereto acknowledge and agree that any Exchange with the Company or the Corporation
shall be treated as a direct exchange between the Corporation and the Member for U.S. federal and applicable state and local income tax purposes. The parties hereto intend to treat any Exchange consummated hereunder as a taxable sale of the
Exchangeable Units and Class B Common Stock (if any) by the Member to the Corporation for U.S. federal and applicable state and local income tax purposes except as otherwise mutually agreed to in writing by the Member and the Corporation and no
party hereto shall take a position inconsistent with such intended tax treatment on any tax return, amendment thereof or any other communication with a taxing authority, in each case unless otherwise required by a “determination” within
the meaning of Section 1313 of the Code. 
 Section 2.6 Contribution of the Corporation. 

In connection with any Exchange between the Member and the Company, the Corporation shall contribute to the Company the shares of Class A
Common Stock or Cash Payment that the Member is entitled to receive in such Exchange. Unless the Member has timely delivered a Retraction Notice as provided in Section 2.1(a)(vi), on the Exchange Date (to be effective
immediately prior to the close of business on the Exchange Date) (i) the Corporation shall make a capital contribution to the Company (in the form of the shares of Class A Common Stock or the Cash Payment that the Member is entitled to
receive in such Exchange) required under this Section 2.6, (ii) the Company shall transfer such shares of Class A Common Stock or Cash Payment to the Member in redemption of such Member’s Units in the Company, and
(iii) in the case of an Exchange for Class A Common Stock and/or the Cash Payment (as applicable), the Company shall issue to the Corporation a number of Common Units equal to the Exchanged Unit Amount surrendered by the Member. 

Section 2.7 Distributions.  

No Exchange will impair the right of the Member to receive any distribution for periods ending on or prior to the Exchange Date for such
Exchange (but for which payment had not yet been made with respect to the Exchangeable Units in question at the time the Exchange is consummated); provided that, for purposes of this Section 2.7, the Member’s
right to receive its pro rata portion of any distribution by the Company in respect of such periods shall not be deemed impaired to the extent that the Company has not paid the Corporation its pro rata portion of such distribution prior to the
consummation of the applicable Exchange. 
 ARTICLE III 

Section 3.1 Representations and Warranties of the Corporation. 

The Corporation represents and warrants that (i) it is a corporation duly incorporated and is existing and in good standing under the
laws of the State of Delaware, (ii) it has all requisite corporate power and authority to enter into and perform this Agreement and to consummate the transactions contemplated hereby 

  
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and to deliver the Class A Common Stock in accordance with the terms hereof, (iii) the execution and delivery of this Agreement by the Corporation and the consummation by it of the
transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of the Corporation, including all actions necessary to ensure that the acquisition of shares of Class A Common Stock pursuant to the
transactions contemplated hereby, to the fullest extent of each of the Corporation’s Board of Directors’ power and authority and to the extent permitted by law, shall not be subject to any “moratorium,” “control share
acquisition,” “business combination,” “fair price” or other form of anti-takeover laws and regulations of any jurisdiction that may purport to be applicable to this Agreement or the transactions contemplated hereby
(collectively, “Takeover Laws”), (iv) this Agreement constitutes a legal, valid and binding obligation of the Corporation enforceable against the Corporation in accordance with its terms, except as enforcement may be limited by
equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally, and (v) the execution, delivery and performance of this Agreement by the Corporation and
the consummation by the Corporation of the transactions contemplated hereby will not (A) result in a violation of the certificate of incorporation of the Corporation or the bylaws of the Corporation or (B) conflict with, or constitute a
default (or an event that with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture or instrument to which the Corporation is
a party, or (C) based on the representations to be made by the Member pursuant to the written election in the form of Exhibit B attached hereto in connection with Exchanges made pursuant to the terms of the Agreement, result in a
violation of any law, rule, regulation, order, judgment or decree applicable to the Corporation or by which any property or asset of the Corporation is bound or affected, except with respect to clause (B) or (C) for any conflicts, defaults,
accelerations, terminations, cancellations or violations that would not reasonably be expected to have a material adverse effect on the Corporation or its business, financial condition or results of operations. 

Section 3.2 Representations and Warranties of the Company. 

The Company represents and warrants that (i) it is a limited liability company duly formed and is existing and in good standing under the
laws of the State of Delaware, (ii) it has all requisite power and authority to enter into and perform this Agreement and to consummate the transactions contemplated hereby, (iii) the execution and delivery of this Agreement by the Company
and the consummation by it of the transactions contemplated hereby have been duly authorized by all necessary action on the part of the Company, (iv) this Agreement constitutes a legal, valid and binding obligation of the Company enforceable
against the Company in accordance with its terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally,
(v) it is an entity treated as a partnership for U.S. federal income tax purposes and is not classified as a “publicly traded partnership” as defined under Section 7704 of the Code, and (vi) the execution, delivery and
performance of this Agreement by the Company and the consummation by the Company of the transactions contemplated hereby will not (A) result in a violation of the certificate of formation of the Company or the LLC Agreement or (B) conflict
with, or constitute a default (or an event that with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture or instrument to
which the Company is a party, or (C) result in a violation of any law, rule, regulation, order, judgment or decree applicable to the Company or by which any property or asset of the Company is bound or affected, except with respect to clause
(B) or (C) for any conflicts, defaults, accelerations, terminations, cancellations or violations that would not reasonably be expected to have a material adverse effect on the Company or its business, financial condition or results of
operations. 

  
 11 

 Section 3.3 Representations and Warranties of the Member. 

The Member represents and warrants that (i) it is a limited liability company duly formed and is existing and in good standing under the
laws of the State of Delaware, (ii) it has all requisite power and authority to enter into and perform this Agreement and to consummate the transactions contemplated hereby, (iii) the execution and delivery of this Agreement by the Member
and the consummation by it of the transactions contemplated hereby have been duly authorized by all necessary action on the part of the Member, (iv) this Agreement constitutes a legal, valid and binding obligation of the Member enforceable
against the Member in accordance with its terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally and
(v) the execution, delivery and performance of this Agreement by the Member and the consummation by the Member of the transactions contemplated hereby will not (A) result in a violation of the certificate of formation or limited liability
company agreement of the Member or (B) conflict with, or constitute a default (or an event that with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or
cancellation of, any agreement, indenture or instrument to which the Member is a party, or (C) result in a violation of any law, rule, regulation, order, judgment or decree applicable to the Member or by which any property or asset of the
Member is bound or affected, except with respect to clause (B) or (C) for any conflicts, defaults, accelerations, terminations, cancellations or violations that would not in any material respect result in the unenforceability against the Member
of this Agreement. 
 ARTICLE IV 

Section 4.1 Notices.  

All notices, demands or other communications to be given or delivered under or by reason of the provisions of this Agreement shall be in
writing and shall be deemed to have been given or made when (a) delivered personally to the recipient, (b) delivered by means of electronic mail (with hard copy sent to the recipient by reputable overnight courier service (charges prepaid)
that same day) if emailed before 5:00 p.m. San Diego, California time on a Business Day, and otherwise on the next Business Day, or (c) one (1) Business Day after being sent to the recipient by reputable overnight courier service (charges
prepaid). Such notices, demands and other communications shall be sent to the address for such recipient set forth in the Company’s books and records (or below, with respect to the Corporation), or to such other address or to the attention of
such other person as the recipient party has specified by prior written notice to the sending party. 
 If to the Company or the
Corporation: 
 Maravai LifeSciences Holdings, Inc. 

10770 Wateridge Circle Suite 200 

San Diego, CA 92121 

Attention: Carl W. Hull 

E-mail: 

with a copy (which shall not constitute notice to the Company or the Corporation) to: 

Kirkland & Ellis LLP 

300 North LaSalle 

Chicago, IL 60654 

Attention: Robert M. Hayward, P.C.; Robert E. Goedert, P.C. 

E-mail: robert.hayward@kirkland.com; robert.goedert@kirkland.com 

  
 12 

 Section 4.2 Permitted Transferees. 

To the extent that the Member (or an applicable Permitted Transferee of the Member) validly transfers after the date hereof any or all of its
Common Units and corresponding shares of Class B Common Stock after taking into account the Exchange Rate, to a Permitted Transferee of such Person or to any other Person in a transaction not in contravention of, and in accordance with, the LLC
Agreement, then the transferee thereof shall have the right to execute and deliver a joinder to this Agreement, in the form attached hereto as Exhibit C. Upon execution of any such joinder, such transferee shall, with respect to such
transferred Common Units and shares of Class B Common Stock, be entitled to all of the rights and bound by each of the obligations applicable to the relevant transferor hereunder; provided that the transferor shall remain entitled to all
of the rights and bound by each of the obligations with respect to Common Units and shares of Class B Common Stock that were not so transferred. 

Section 4.3 Severability. 

The provisions of this Agreement shall be deemed severable and the invalidity or unenforceability of any provision shall not affect the
validity or enforceability of the other provisions hereof. If any provision of this Agreement, or the application thereof to any Person or entity or any circumstance, is found to be invalid or unenforceable in any jurisdiction, (a) a suitable
and equitable provision shall be substituted therefor in order to carry out, so far as may be valid and enforceable, the intent and purpose of such invalid or unenforceable provision and (b) the remainder of this Agreement and the application
of such provision to other Persons or circumstances shall not be affected by such invalidity or unenforceability, nor shall such invalidity or unenforceability affect the validity or enforceability of such provision, or the application thereof, in
any other jurisdiction. 
 Section 4.4 Counterparts.  

This Agreement and any amendments may be executed simultaneously in two or more counterparts and delivered via facsimile or .pdf, each of
which shall be deemed an original and all of which, when taken together, shall constitute one and the same document. The signature of any party to any counterpart shall be deemed a signature to, and may be appended to, any other counterpart. 

Section 4.5 Entire Agreement. 

This Agreement together with the LLC Agreement and the Tax Receivables Agreement (a) constitutes the entire agreement and supersedes all
other prior agreements, both written and oral, among the parties with respect to the subject matter hereof and (b) is not intended to confer upon any Person, other than the parties hereto and their Permitted Transferees, any rights or remedies
hereunder. 
 Section 4.6 Further Assurances. 

Each party hereto shall execute, deliver, acknowledge and file such other documents and take such further actions as may be reasonably
requested from time to time by any other party hereto to give effect to and carry out the transactions contemplated herein. 

Section 4.7 Governing Law. 

This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware, without giving effect to any choice
of law or conflict of law rules or provisions (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Delaware. 

  
 13 

 Section 4.8 Consent to Jurisdiction. 

Each party hereto irrevocably submits to the exclusive jurisdiction of the United States District Court for the State of Delaware and the
state courts of the State of Delaware for the purposes of any suit, action or other proceeding arising out of this Agreement or any transaction contemplated hereby. Each party hereto further agrees that service of any process, summons, notice or
document by United States certified or registered mail (in each such case, prepaid return receipt requested) to such party’s respective address set forth in the Company’s books and records or such other address or to the attention of such
other person as the recipient party has specified by prior written notice to the sending party shall be effective service of process in any action, suit or proceeding in Delaware with respect to any matters to which it has submitted to jurisdiction
as set forth above in the immediately preceding sentence. Each party hereto irrevocably and unconditionally waives any objection to the laying of venue of any action, suit or proceeding arising out of this Agreement or the transactions contemplated
hereby in the United States District Court for the State of Delaware or the state courts of the State of Delaware and hereby irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action, suit or
proceeding brought in such court has been brought in an inconvenient forum. 
 Section 4.9 Waiver of Jury Trial.

 BECAUSE DISPUTES ARISING IN CONNECTION WITH COMPLEX TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN EXPERIENCED AND
EXPERT PERSON AND THE PARTIES WISH APPLICABLE STATE AND FEDERAL LAWS TO APPLY (RATHER THAN ARBITRATION RULES), THE PARTIES DESIRE THAT THEIR DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION OF
THE BENEFITS OF THE JUDICIAL SYSTEM AND OF ARBITRATION, EACH PARTY TO THIS AGREEMENT (INCLUDING THE COMPANY) HEREBY WAIVES ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION, SUIT, OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE BETWEEN OR AMONG ANY OF THE
PARTIES HERETO, WHETHER ARISING IN CONTRACT, TORT, OR OTHERWISE, ARISING OUT OF, CONNECTED WITH, RELATED OR INCIDENTAL TO THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREBY AND/OR THE RELATIONSHIPS ESTABLISHED AMONG THE PARTIES HEREUNDER. 

Section 4.10 Amendments.  

The provisions of this Agreement may be amended only by the affirmative vote or written consent of each of (i) the Corporation,
(ii) the Company and (iii) the Member. No failure or delay by any party in exercising any right, power or privilege hereunder shall operate as waiver thereof nor shall any single or partial exercise thereof preclude any other or further
exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by law. 

Section 4.11 Assignment.  

Neither this Agreement nor any of the rights or obligations hereunder shall be assigned by any of the parties hereto without the prior written
consent of the other parties. Subject to the preceding sentence, this Agreement will be binding upon, inure to the benefit of and be enforceable by the parties and their respective successors, assigns and Permitted Transferees. 

Section 4.12 Specific Enforcement.  

The parties hereto acknowledge that the remedies at law of the other parties for a breach or threatened breach of this Agreement would be
inadequate and, in recognition of this fact, any party to this 

  
 14 

 
Agreement, without posting any bond, and in addition to all other remedies that may be available, shall be entitled to equitable relief in the form of specific performance, a temporary
restraining order, a temporary or permanent injunction or any other equitable remedy that may then be available. 
 [Signature Pages to
Follow] 

  
 15 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by
their respective authorized representatives as of the day and year first above written. 
  

			
	MARAVAI LIFESCIENCES HOLDINGS, INC.
		
	By:	 	 /s/ Kevin Herde

	Name:	 	Kevin Herde
	Title:	 	Chief Financial Officer
	
	MARAVAI TOPCO HOLDINGS, LLC
		
	By:	 	 /s/ Kevin Herde

	Name:	 	Kevin Herde
	Title:	 	Chief Financial Officer
	
	MARAVAI LIFE SCIENCES HOLDINGS, LLC
		
	By:	 	 /s/ Kevin Herde

	Name:	 	Kevin Herde
	Title:	 	Chief Financial Officer

  
 Signature Page to
Exchange Agreement 

 Exhibit A 
  

									
	 	  	Immediately Following IPO	 
	 	  	Number of
Common Units Owned	 	  	Number
of Shares of Class B
Common Stock Owned	 
	 Name and Address of Member
	  				  			
		  	  
	  
	 	  	  
	  
	 
			
	 Maravai Life Science Holdings, LLC

10770 Wateridge Circle Suite 200

San Diego, CA 92121
	  	 	168,654,980.79	 	  	 	168,654,980.79	 

  
 A-1 

 Exhibit B 

[Form of] 
 Exchange
Notice 
 Maravai LifeSciences Holdings, Inc. 
 10770
Waterridge Circle Suite 200 
 San Diego, CA 92121 
 Attention:
[●] 
 Email: [●] 
 Reference is
hereby made to the Exchange Agreement, dated as of November 19, 2020 (as amended from time to time, the “Exchange Agreement”), by and among Maravai LifeSciences Holdings, Inc., a Delaware corporation (the
“Corporation”), Maravai Topco Holdings, LLC, a Delaware limited liability company (the “Company”), and Maravai Life Sciences Holdings, LLC, a Delaware limited liability company (the “Member”).
Capitalized terms used but not defined herein shall have the meanings given to them in the Exchange Agreement. 
 The Member hereby
transfers to the Corporation (or the Company, if applicable) effective as of the Exchange Date, the number of Exchangeable Units in Exchange for either shares of Class A Common Stock to be issued in its name or, at the option of the
Corporation, the Cash Payment payable to the account set forth below, in accordance with the terms of the Exchange Agreement. 
 Number of
Exchangeable Units to be Exchanged: [●] 
 Number of shares of Class B Common Stock to be Exchanged: [●] 

If the Corporation elects a Cash Payment: 

Account Number: [●] 
 Legal
Name of Account Holder: [●] 
 The Member hereby represents and warrants that (i) it is a limited liability company duly formed
and is existing and in good standing under the laws of the State of Delaware, (ii) it has all requisite power and authority to enter into this Exchange Notice and to perform the Member’s obligations hereunder; (iii) the execution and
delivery of this Exchange Notice by the Member and the consummation by it of the transactions contemplated hereby have been duly authorized by all necessary action on the part of the Member; (iv) this Exchange Notice constitutes a legal, valid
and binding obligation of the Member enforceable against the Member in accordance with its terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or
limiting creditors’ rights generally; (v) the Exchangeable Units and shares of Class B Common Stock subject to this Exchange Notice are being transferred to the Corporation (or the Company, if applicable) free and clear of any Liens;
(vi) no consent, approval, authorization, order, registration or qualification of any third party or with any court or governmental agency or body having jurisdiction over the Member, the Exchanged Units or shares of Class B Common Stock
subject to this Exchange Notice is required to be obtained by the Member for the transfer of such Exchanged Units or shares of Class B Common Stock to the Corporation; and (vii) the Member is either not currently in possession of material non-public information concerning the Corporation or will not be in possession of such material non-public information at the time the shares of Class A Common Stock are
sold by the undersigned in any public sale. 
 The Member hereby irrevocably constitutes and appoints any officer of the Corporation, the
Corporation or the Company as the attorney of the undersigned, with full power of substitution and 

  
 B-1 

 
resubstitution in the premises, to do any and all things and to take any and all actions that may be necessary to transfer to the Corporation (or the Company, if applicable) the Exchanged Units
and shares of Class B Common Stock subject to this Exchange Notice and to deliver to the Member the shares of Class A Common Stock or Cash Payment to be delivered in Exchange therefor. 

IN WITNESS WHEREOF, the Member, by authority duly given, has caused this Exchange Notice to be executed and delivered by the undersigned. 

 

			
	MARAVAI LIFE SCIENCES HOLDINGS, LLC

 
			
		
	By:	 	  

	Name:	 	  

	Title:	 	  

		
	Dated:	 	  

  
 B-2 

 Exhibit C 

[Form of] 
 Joinder

 This Joinder (“Joinder”) is a joinder agreement to the Exchange Agreement, dated as of November 19, 2020 (as
amended from time to time, the “Exchange Agreement”), by and among Maravai LifeSciences Holdings, Inc., a Delaware corporation (the “Corporation”), Maravai Topco Holdings, LLC, a Delaware limited liability
company (the “Company”), and Maravai Life Sciences Holdings, LLC, a Delaware limited liability company (the “Member”). Capitalized terms used but not defined herein shall have the meanings given to them in the
Exchange Agreement. 
 The Company and the Corporation and the undersigned agree that all questions concerning the construction, validity
and interpretation of this Joinder shall be governed by, and construed in accordance with, the law of the State of Delaware, without giving effect to any choice or conflict of law provision or rule, notwithstanding that public policy in Delaware or
any other forum jurisdiction might indicate that the laws of that or any other jurisdiction should otherwise apply based on contacts with such state or otherwise. In the event of any conflict between this Joinder and the Exchange Agreement, the
terms of this Joinder shall control. 
 The undersigned, having acquired Common Units and shares of Class B Common Stock, hereby joins
and enters into the Exchange Agreement. By signing and returning this Joinder to the Company and the Corporation, the undersigned (i) accepts and agrees to be bound by and subject to all of the terms and conditions of and agreements of the
Member contained in the Exchange Agreement, with all attendant rights, duties and obligations of the Member thereunder and (ii) makes each of the representations and warranties of the Member set forth in Section 3.3 of
the Exchange Agreement as fully as if such representations and warranties were set forth herein. The parties to the Exchange Agreement shall treat the execution and delivery hereof by the undersigned as the execution and delivery of the Exchange
Agreement by the undersigned and, upon receipt of this Joinder by the Company and the Corporation, the signature of the undersigned set forth below shall constitute a counterpart signature to the signature page of the Agreement. 

 

			
	[●]
		
	Name:	 	  

		
	Title:	 	  

		
	Dated:	 	  

	
	Address for Notice: [●]

  
 C-1EX-10.3

 Exhibit 10.3 

EXECUTION VERSION 
  

 
  

 
 MARAVAI TOPCO
HOLDINGS, LLC 
 SECOND AMENDED AND RESTATED 

LIMITED LIABILITY COMPANY AGREEMENT 
  

 
 Dated as of
November 19, 2020 
 THE UNITS ISSUED PURSUANT TO THIS SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER ANY OTHER APPLICABLE SECURITIES LAWS. SUCH UNITS MAY NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED OR OTHERWISE DISPOSED OF AT ANY TIME WITHOUT EFFECTIVE REGISTRATION UNDER SUCH ACT AND LAWS OR AN
EXEMPTION THEREFROM, AND COMPLIANCE WITH THE OTHER RESTRICTIONS ON TRANSFERABILITY SET FORTH HEREIN. 
 CERTAIN UNITS MAY ALSO BE SUBJECT TO ADDITIONAL
RESTRICTIONS ON TRANSFER SET FORTH HEREIN AND/OR IN A SEPARATE AGREEMENT WITH THE INITIAL HOLDER OF SUCH UNITS. A COPY OF SUCH AGREEMENT MAY BE OBTAINED BY THE HOLDER OF SUCH UNITS UPON WRITTEN REQUEST TO THE COMPANY AND WITHOUT CHARGE. 

 
  

 TABLE OF CONTENTS 

 

							
	 	  	Page	 
		
	 ARTICLE I DEFINITIONS
	  	 	1	 
		
	 ARTICLE II ORGANIZATIONAL MATTERS
	  	 	9	 
	 Section 2.1
	 	 Formation of LLC
	  	 	9	 
	 Section 2.2
	 	 Limited Liability Company Agreement
	  	 	9	 
	 Section 2.3
	 	 Name
	  	 	9	 
	 Section 2.4
	 	 Purpose
	  	 	9	 
	 Section 2.5
	 	 Principal Office; Registered Office
	  	 	9	 
	 Section 2.6
	 	 Term
	  	 	10	 
	 Section 2.7
	 	 No State-Law Partnership
	  	 	10	 
		
	 ARTICLE III UNITS, CAPITAL CONTRIBUTIONS AND ACCOUNTS
	  	 	10	 
	 Section 3.1
	 	 Units; Capitalization
	  	 	10	 
	 Section 3.2
	 	 Authorization and Issuance of Additional Units
	  	 	11	 
	 Section 3.3
	 	 Repurchase or Redemption of Class A Common Stock
	  	 	14	 
	 Section 3.4
	 	 Changes in Common Stock
	  	 	14	 
	 Section 3.5
	 	 Capital Accounts
	  	 	14	 
	 Section 3.6
	 	 Negative Capital Accounts; No Interest Regarding Positive Capital Accounts
	  	 	15	 
	 Section 3.7
	 	 No Withdrawal
	  	 	15	 
	 Section 3.8
	 	 Loans From Unitholders
	  	 	15	 
	 Section 3.9
	 	 Adjustments to Capital Accounts for Distributions
In-Kind
	  	 	16	 
	 Section 3.10
	 	 Transfer of Capital Accounts
	  	 	16	 
	 Section 3.11
	 	 Adjustments to Book Value
	  	 	16	 
	 Section 3.12
	 	 Compliance With Section 1.704-1(b)
	  	 	16	 
	 Section 3.13
	 	 Non-Convertible Preferred Units
	  	 	16	 
	 Section 3.14
	 	 Convertible Preferred Units
	  	 	17	 
		
	 ARTICLE IV DISTRIBUTIONS AND ALLOCATIONS
	  	 	17	 
	 Section 4.1
	 	 Distributions
	  	 	17	 
	 Section 4.2
	 	 Allocations
	  	 	18	 
	 Section 4.3
	 	 Special Allocations
	  	 	19	 
	 Section 4.4
	 	 Offsetting Allocations
	  	 	20	 
	 Section 4.5
	 	 Tax Allocations
	  	 	20	 
	 Section 4.6
	 	 Indemnification and Reimbursement for Payments on Behalf of a Unitholder
	  	 	21	 
		
	 ARTICLE V MANAGEMENT AND CONTROL OF BUSINESS
	  	 	22	 
	 Section 5.1
	 	 Management
	  	 	22	 
	 Section 5.2
	 	 Investment Company Act
	  	 	23	 
	 Section 5.3
	 	 Officers
	  	 	23	 
	 Section 5.4
	 	 Fiduciary Duties
	  	 	24	 

  
 i 

							
	 	  	Page	 
		
	 ARTICLE VI EXCULPATION AND INDEMNIFICATION
	  	 	25	 
	 Section 6.1
	 	 Exculpation
	  	 	25	 
	 Section 6.2
	 	 Indemnification
	  	 	25	 
	 Section 6.3
	 	 Expenses
	  	 	26	 
	 Section 6.4
	 	 Non-Exclusivity; Savings Clause
	  	 	26	 
	 Section 6.5
	 	 Insurance
	  	 	27	 
		
	 ARTICLE VII ACCOUNTING AND RECORDS; TAX MATTERS
	  	 	27	 
	 Section 7.1
	 	 Accounting and Records
	  	 	27	 
	 Section 7.2
	 	 Preparation of Tax Returns
	  	 	27	 
	 Section 7.3
	 	 Tax Elections
	  	 	27	 
	 Section 7.4
	 	 Tax Controversies
	  	 	27	 
	 Section 7.5
	 	 Code § 83 Safe Harbor Election
	  	 	28	 
		
	 ARTICLE VIII TRANSFER OF UNITS; ADMISSION OF NEW MEMBERS
	  	 	29	 
	 Section 8.1
	 	 Transfer of Units
	  	 	29	 
	 Section 8.2
	 	 Recognition of Transfer; Substituted and Additional Members
	  	 	30	 
	 Section 8.3
	 	 Expense of Transfer; Indemnification
	  	 	31	 
	 Section 8.4
	 	 Exchange Agreement
	  	 	31	 
	 Section 8.5
	 	 Change of Control Transactions
	  	 	32	 
		
	 ARTICLE IX WITHDRAWAL AND RESIGNATION OF UNITHOLDERS
	  	 	32	 
	 Section 9.1
	 	 Withdrawal and Resignation of Unitholders
	  	 	32	 
		
	 ARTICLE X DISSOLUTION AND LIQUIDATION
	  	 	32	 
	 Section 10.1
	 	 Dissolution
	  	 	32	 
	 Section 10.2
	 	 Liquidation and Termination
	  	 	32	 
	 Section 10.3
	 	 Securityholders Agreement
	  	 	33	 
	 Section 10.4
	 	 Cancellation of Certificate
	  	 	33	 
	 Section 10.5
	 	 Reasonable Time for Winding Up
	  	 	34	 
	 Section 10.6
	 	 Return of Capital
	  	 	34	 
	 Section 10.7
	 	 Hart-Scott-Rodino
	  	 	34	 
		
	 ARTICLE XI GENERAL PROVISIONS
	  	 	34	 
	 Section 11.1
	 	 Power of Attorney
	  	 	34	 
	 Section 11.2
	 	 Amendments
	  	 	34	 
	 Section 11.3
	 	 Title to the Company Assets
	  	 	35	 
	 Section 11.4
	 	 Remedies
	  	 	35	 
	 Section 11.5
	 	 Successors and Assigns
	  	 	35	 
	 Section 11.6
	 	 Severability
	  	 	35	 
	 Section 11.7
	 	 Counterparts; Binding Agreement
	  	 	35	 
	 Section 11.8
	 	 Descriptive Headings; Interpretation
	  	 	36	 
	 Section 11.9
	 	 Applicable Law
	  	 	36	 
	 Section 11.10
	 	 Addresses and Notices
	  	 	36	 
	 Section 11.11
	 	 Creditors
	  	 	36	 
	 Section 11.12
	 	 No Waiver
	  	 	37	 
	 Section 11.13
	 	 Further Action
	  	 	37	 
	 Section 11.14
	 	 Entire Agreement
	  	 	37	 

  
 ii 

							
	 	  	Page	 
	 Section 11.15
	 	 Delivery by Electronic Means
	  	 	37	 
	 Section 11.16
	 	 Certain Acknowledgments
	  	 	37	 
	 Section 11.17
	 	 Consent to Jurisdiction; WAIVER OF TRIAL BY JURY
	  	 	38	 
	 Section 11.18
	 	 Representations and Warranties
	  	 	38	 
	 Section 11.19
	 	 Tax Receivable Agreement
	  	 	39	 

  
 iii 

 MARAVAI TOPCO HOLDINGS, LLC 

SECOND AMENDED AND RESTATED 

LIMITED LIABILITY COMPANY AGREEMENT 

THIS SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT of Maravai Topco Holdings, LLC, a Delaware limited liability company (the
“Company”), is entered into as of November 19, 2020, by and among the Company, Maravai LifeSciences Holdings, Inc., a Delaware corporation (“Maravai Co.”), and Maravai Life Sciences Holdings, LLC, a
Delaware limited liability company (“Holdings”). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in Article I. 

WHEREAS, the Certificate was filed with the Office of the Secretary of State of Delaware on July 27, 2018; 

WHEREAS, the limited liability company agreement of the Company was entered into on July 27, 2018 (the “Prior
Agreement”); 
 WHEREAS, the parties hereto desire to enter into this Agreement to amend and replace, and supersede in its
entirety, the Prior Agreement; 
 WHEREAS, in connection with the initial public offering (the “IPO”) of Class A
Common Stock (as defined below) of Maravai Co., (i) Maravai Co. will be admitted as a Member of the Company and will purchase Common Units in the Company from Holdings with a portion of the net proceeds of the IPO, (ii) Maravai Co., the Company
and Holdings will enter into an Exchange Agreement (as defined below), pursuant to which Holdings will be permitted to exchange Common Units (together with the corresponding number of shares of Class B Common Stock) for Class A Common
Stock or the Cash Payment (as defined therein), (iii) Maravai Co. will contribute a portion of the net proceeds of the IPO to the Company in exchange for newly-issued Common Units and (iv) Maravai Co., the Company and certain other parties will
enter into a Tax Receivable Agreement (as defined below), pursuant to which Maravai Co. will be obligated to make payments to certain parties related to tax benefits realized (clauses (i) through (iv), collectively, the
“IPO Transactions”); and 
 WHEREAS, the parties desire to amend and restate the Prior Agreement as set forth herein to
give effect to the IPO Transactions and reflect the admission of Maravai Co. as a Member and the sole manager of the Company. 
 NOW,
THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Members, intending to be legally bound, hereby agree as follows: 

ARTICLE I 
 DEFINITIONS

 Capitalized terms used but not otherwise defined herein shall have the following meaning: 

“Additional Member” means a Person admitted to the Company as a Member pursuant to Section 8.2.

  
 1 

 “Adjusted Capital Account Deficit” means, with respect to any Capital
Account as of the end of any Taxable Year, the amount by which the balance in such Capital Account is less than zero. For this purpose, such Person’s Capital Account balance shall be (i) reduced for any items described in Treasury
Regulation Section 1.704-1(b)(2)(ii)(d)(4), (5), and (6), and (ii) increased for any amount such Person is obligated to contribute or is treated as being obligated to contribute to the Company
pursuant to Treasury Regulation Sections 1.704-1(b)(2)(ii)(c) (relating to partner liabilities to a partnership) or 1.704-2(g)(1) and
1.704-2(i) (relating to Minimum Gain). 
 “Affiliate” of any Person means any other
Person controlled by, controlling or under common control with such Person, and in the case of any Unitholder that is a partnership, limited liability company, corporation or similar entity, any partner, member or stockholder of such Unitholder;
provided, that the Company and its Subsidiaries shall not be deemed to be Affiliates of any Unitholder. As used in this definition, “control” (including, with its correlative meanings, “controlling,” “controlled
by” and “under common control with”) shall mean possession, directly or indirectly, of power to direct or cause the direction of management or policies (whether through ownership of securities, by contract or otherwise). 

“Agreement” means this Second Amended and Restated Limited Liability Company Agreement, as it may be amended, modified and/or
waived from time to time in accordance with the terms hereof. 
 “Assumed Tax Liability” means, with respect to any
Unitholder for any Fiscal Quarter, an amount, which in the good faith estimation of the Manager, equals the product of (a) the amount of taxable income of the Company allocable to such Unitholder in respect of such Fiscal Quarter (other than
any income allocable in respect of Non-Convertible Preferred Units) (which shall include gross or net income allocations of items of Profit or Loss and guaranteed payments for the use of capital), determined
(x) without regard to adjustments under Section 732(d), 734(b) and 743(b) of the Code, (y) by including adjustments to taxable income in respect of Section 704(c) of the Code and (z) reducing such taxable income by net
taxable losses of the Company allocated to such Unitholder for prior to taxable periods beginning after the date hereof to the extent that such losses are of a character (ordinary or capital) that would permit the losses to be deducted by such
Unitholder against the current taxable income of the Company allocable to the Unitholder for such Fiscal Quarter and have not previously been taken into account in determining such Unitholder’s Assumed Tax Liability, multiplied by (b) the
Assumed Tax Rate. 
 “Assumed Tax Rate” means the combined maximum U.S. federal, state, and local income tax rate
applicable to a taxable individual or corporation in any jurisdiction in the United States (whichever is higher), including pursuant to Section 1411 of the Code, in each case taking into account all jurisdictions in which the Company is
required to file income tax returns and the relevant apportionment information, in effect for the applicable Fiscal Quarter (making an appropriate adjustment for any rate changes that take place during such period and taking into account the
character of the income). 
 “Base Rate” means, as of any date, a variable rate per annum equal to the rate of interest
most recently published by The Wall Street Journal as the “prime rate” at large U.S. money center banks. 

  
 2 

 “Book Value” means, with respect to any of the Company property, the
Company’s adjusted basis for federal income Tax purposes, adjusted from time to time to reflect the adjustments required or permitted (in the case of permitted adjustments, to the extent the Company makes such permitted adjustments) by Treasury
Regulation Sections 1.704-1(b)(2)(iv)(d)-(g). 
 “Business Day” means any day other
than a Saturday, Sunday or other day on which the banks in New York, New York or San Diego, California are authorized by law to be closed. 

“Capital Account” means the capital account maintained for a Member pursuant to Section 3.5 and the
other applicable provisions of this Agreement. 
 “Capital Contributions” means any cash, cash equivalents, promissory
obligations or the Fair Market Value of other property which a Unitholder contributes or is deemed by the Manager to have contributed to the Company with respect to any Unit pursuant to Section 3.1 or
Section 3.10. 
 “Cash Payment” has the meaning set forth in the Exchange Agreement. 

“Certificate” means the Company’s Certificate of Formation as filed with the Secretary of State of Delaware, as the same
may be amended from time to time. 
 “Certificate of Designations” means any certificate of designations of Convertible
Preferred Stock of Maravia Co., to be filed with the Delaware Secretary of State upon issuance of any such Convertible Preferred Stock, as the same may be amended, amended and restated, changed or replaced from time to time in accordance with its
terms. 
 “Class A Common Stock” means the class A common stock, par value $0.01 per share, of Maravai Co. 

“Class A Common Stock Value” has the meaning set forth in the Exchange Agreement. 

“Class B Common Stock” means the class B common stock, par value $0.01 per share, of Maravai Co. 

“Code” means the United States Internal Revenue Code of 1986, as amended. Such term, if elected by the Manager in its sole
discretion, shall be deemed to include any future amendments to the Code and any corresponding provisions of succeeding Code provisions (whether or not such amendments and corresponding provisions are mandatory or discretionary). 

“Common Unit” means a Unit having the rights and obligation specified with respect to a Common Unit in this Agreement. 

“Company” has the meaning set forth in the Preamble. 

“Convertible Preferred Stock” means the Convertible Preferred Stock of Maravai Co., the rights and preferences of which are
set forth in any related Certificate of Designations. 

  
 3 

 “Convertible Preferred Stock Cash Dividend” means any dividend declared and
actually paid in cash by Maravai Co. in respect of any Convertible Preferred Stock. 
 “Convertible Preferred Stock Cash Dividend
Amount” means, with respect to any Convertible Preferred Stock Cash Dividend, the aggregate amount paid in cash by Maravai Co. in connection with such Convertible Preferred Stock Cash Dividend. 

“Convertible Preferred Stock Cash Liquidation Payment Amount” means, with respect to any Convertible Preferred Stock
Liquidation Payment, the aggregate amount distributed by Maravai Co. in connection with such Convertible Preferred Stock Liquidation Payment. 

“Convertible Preferred Stock Change of Control Repurchase” means a repurchase of Convertible Preferred Stock by Maravai Co.
required pursuant to any Certificate of Designations because of the occurrence of a change of control. 
 “Convertible Preferred
Stock Liquidation Payment” means any distribution of the Liquidation Payment Amount by Maravai Co. pursuant to any Certificate of Designation in respect of any Convertible Preferred Stock. 

“Convertible Preferred Unit” means a Unit, issued to Maravai Co., having the rights and obligation specified with respect to
a Convertible Preferred Unit in this Agreement. 
 “Delaware Act” means the Delaware Limited Liability Company Act, 6 Del.
L. § 18-101, et seq., as it may be amended from time to time, and any successor thereto. 

“Distribution” means each distribution made by the Company to a Unitholder, with respect to such Person’s Units, whether
in cash, property or securities and whether by liquidating distribution, redemption, repurchase or otherwise; provided that notwithstanding anything in the foregoing, none of the following shall be deemed to be a Distribution hereunder:
(i) any recapitalization, exchange or conversion of securities of the Company, and any subdivision (by unit split or otherwise) or any combination (by reverse unit split or otherwise) of any outstanding Units; and (ii) any repurchase of
Units pursuant to any right of first refusal or similar repurchase right in favor of the Company. 
 “Equity Agreement” has
the meaning set forth in Section 3.2(a). 
 “Equity Securities” means (i) any Units, capital
stock, partnership, membership or limited liability company interests or other equity interests (including other classes, groups or series thereof having such relative rights, powers and/or obligations as may from time to time be established by the
Manager, including rights, powers and/or duties different from, senior to or more favorable than existing classes, groups and series of Units, capital stock, partnership, membership or limited liability company interests or other equity interests,
and including any profits interests), (ii) obligations, evidences of indebtedness or other securities or interests convertible or exchangeable into Units, capital stock, partnership interests, membership or limited liability company interests or
other equity interests, and (iii) warrants, options or other rights to purchase or otherwise acquire Units, capital stock, partnership interests, membership or limited liability company interests or other equity interests. Unless the context
otherwise indicates, the term “Equity Securities” refers to Equity Securities of the Company. 

  
 4 

 “Event of Withdrawal” means the death, retirement, resignation, expulsion,
bankruptcy or dissolution of a Member or the occurrence of any other event that terminates the continued membership of a Member in the Company. 

“Exchange” has the meaning set forth in the Exchange Agreement. 

“Exchange Agreement” means the Exchange Agreement, dated as of November 19, 2020, by and among Maravai Co., the Company
and Holdings, as the same may be amended, amended and restated or replaced from time to time. 
 “Exchange Rate” has the
meaning set forth in the Exchange Agreement. 
 “Exchangeable Unit” has the meaning set forth in the Exchange Agreement.

 “Exchanged Unit Amount” has the meaning set forth in the Exchange Agreement. 

“Fair Market Value” means, as of any date of determination, (i) with respect to a Unit, such Unit’s Pro Rata Share
as of such date, (ii) with respect to a share of Class A Common Stock, the Class A Common Stock Value as of such date, and (iii) with respect to any other non-cash assets, the fair market
value for such property as between a willing buyer under no compulsion to buy and a willing seller under no compulsion to sell in an arm’s-length transaction occurring on such date, taking into account
all relevant factors determinative of value (including in the case of securities, any restrictions on transfer applicable thereto or, if such securities are traded on a securities exchange or automated or electronic quotation system, the quoted
price for such securities as of the date of determination), as reasonably determined in good faith by the Manager. 
 “Fiscal
Period” means any interim accounting period within a Taxable Year established by the Manager and which is permitted or required by Code Section 706. 

“Fiscal Quarter” means each calendar quarter ending March 31, June 30, September 30 and December 31, or
such other quarterly accounting period as may be established by the Manager or as required by the Code. 
 “Fiscal Year”
means the 12-month period ending on December 31, or such other annual accounting period as may be established by the Manager or as may be required by the Code. 

“Forfeiture Allocations” has the meaning set forth in Section 4.2. 

“Governmental Entity” means the United States of America or any other nation, any state or other political subdivision
thereof, or any entity exercising executive, legislative, judicial, regulatory or administrative functions of government. 

“Holdings” has the meaning set forth in the Preamble. 

“HSR Act” has the meaning set forth in Section 10.7.  

“Indemnitee” has the meaning set forth in Section 6.1(b). 

  
 5 

 “Investment Company Act” means the Investment Company Act of 1940, as
amended from time to time. 
 “IPO” has the meaning set forth in the Recitals. 

“IPO Transactions” has the meaning set forth in the Recitals. 

“IRS Notice” has the meaning set forth in Section 7.5. 

“Liquidation Assets” has the meaning set forth in Section 10.2(b). 

“Liquidation FMV” has the meaning set forth in Section 10.2(b). 

“Liquidation Statement” has the meaning set forth in Section 10.2(b). 

“Losses” means items of the Company loss and deduction determined according to Section 3.5. 

“Manager” means (i) Maravai Co. so long as Maravai Co. has not withdrawn as the Manager pursuant to
Section 5.1(c) and (ii) any successor thereof appointed as Manager in accordance with Section 5.1(c). Unless the context otherwise requires, references herein to the Manager shall refer to the
Manager acting in its capacity as such. 
 “Maravai Co.” has the meaning set forth in the Preamble. 

“Member” means each Person listed on the Unit Ownership Ledger and any Person admitted to the Company as a Substituted Member
or Additional Member in accordance with the terms and conditions of this Agreement; but in each case only for so long as such Person is shown on the Company’s books and records as the owner of one or more Units. 

“Minimum Gain” means the partnership minimum gain determined pursuant to Treasury Regulation
Section 1.704-2(d). 
 “Non-Convertible
Preferred Unit” means a Unit, issued to Maravai Co., having the rights and obligations specified with respect to a Non-Convertible Preferred Unit in this Agreement. 

“Obligations” has the meaning set forth in Section 6.1(b). 

“Partnership Tax Audit Rules” means Code Sections 6221 through 6241, as amended by the Bipartisan Budget Act of 2015,
together with any guidance issued thereunder or successor provisions and any similar provision of state or local Tax laws. 

“Permitted Transferee” means, with respect to any Person, (i) any of such Person’s Affiliates and (ii) any
direct or indirect partner, member, stockholder or other equityholder of such Person. 
 “Person” means an individual, a
partnership, a corporation, a limited liability company, an association, a joint stock company, a trust, a joint venture, an unincorporated organization, association or other entity or a Governmental Entity. 

  
 6 

 “PR” has the meaning set forth in Section 7.4(a).

 “Pro Rata Share” means with respect to each Unit, the proportionate amount such Unit would receive if an amount equal to
the Total Equity Value were distributed to all Units in accordance with Section 4.1(b), as determined in good faith by the Manager. 

“Profits” means items of the Company income and gain determined according to Section 3.5. 

“Prior Agreement” has the meaning set forth in the Recitals. 

“Registration Rights Agreement” means that certain Registration Rights Agreement, dated as of November 19, 2020, by and
among Maravai Co. and certain other parties thereto, as the same may be amended, amended and restated or replaced from time to time. 

“Regulatory Allocations” has the meaning set forth in Section 4.3(e). 

“Securities Act” means the Securities Act of 1933, as amended, and applicable rules and regulations thereunder, and any
successor to such statute, rules or regulations. Any reference herein to a specific section, rule or regulation of the Securities Act shall be deemed to include any corresponding provisions of future law. 

“Securities Exchange Act” means the Securities Exchange Act of 1934, as amended, and applicable rules and regulations
thereunder, and any successor to such statute, rules or regulations. Any reference herein to a specific section, rule or regulation of the Securities Exchange Act shall be deemed to include any corresponding provisions of future law. 

“Senior Notes” means any future senior debt securities issued by Maravai Co. 

“Senior Note Payments” means payments of principal, interest or other premiums pursuant to any Senior Notes. 

“Subsidiary” means, with respect to any Person, any corporation, limited liability company, partnership, association or
business entity of which (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the
time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or (ii) if a limited liability company, partnership, association or other business entity (other
than a corporation), a majority of partnership or other similar ownership interests thereof is at the time owned or controlled, directly or indirectly, by any Person or one or more Subsidiaries of that Person or a combination thereof. For purposes
hereof and without limitation, a Person or Persons shall be deemed to have a majority ownership interest in a limited liability company, partnership, association or other business entity (other than a corporation) if such Person or Persons shall be
allocated a majority of limited liability company, partnership, association or other business entity gains or losses or shall be or control the manager, managing member, managing director (or a board comprised of any of the foregoing) or general
partner of such limited liability company, partnership, association or other business entity. For purposes hereof, references to a “Subsidiary” of any Person shall be given effect only at such times that such Person has one or more
Subsidiaries, and, unless otherwise indicated, the term “Subsidiary” refers to a Subsidiary of the Company. 

  
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 “Substituted Member” means a Person that is admitted as a Member to the
Company pursuant to Section 8.2. 
 “Tax” or “Taxes” means any federal, state,
local or foreign income, gross receipts, franchise, estimated, alternative minimum, add-on minimum, sales, use, transfer, registration, value added, excise, natural resources, severance, stamp, occupation,
premium, windfall profit, environmental, customs, duties, real property, personal property, capital stock, social security, unemployment, disability, payroll, license, employee or other withholding, or other tax, of any kind whatsoever, including
any transferee liability and any interest, penalties or additions to tax or additional amounts in respect of the foregoing. 
 “Tax
Distribution” has the meaning set forth in Section 4.1(a)(i). 
 “Tax Distribution
Conditions” has the meaning set forth in Section 4.1(a)(i). 
 “Tax Receivable
Agreement” means the Tax Receivable Agreement dated as of November 19, 2020, by and among Maravai Co., the Company and the other parties thereto, as the same may be amended, amended and restated or replaced from time to time. 

“Taxable Year” means the Company’s accounting period for federal income Tax purposes determined pursuant to
Section 7.3. 
 “Total Equity Value” means, as of any date of determination, the aggregate
proceeds which would be received by the Unitholders if: (i) the assets of the Company were sold at their fair market value to an independent third-party on arm’s-length terms, with neither the seller
nor the buyer being under compulsion to buy or sell such assets; (ii) the Company satisfied and paid in full all of its obligations and liabilities (including all Taxes, costs and expenses incurred in connection with such transaction and any
amounts reserved by the Manager with respect to any contingent or other liabilities); and (iii) such net sale proceeds were then distributed in accordance with Section 4.1, all as determined by the Manager in good
faith based upon the Class A Common Stock Value as of such date. 
 “Transaction Documents” means, collectively, this
Agreement, the Exchange Agreement, the Registration Rights Agreement and the Tax Receivable Agreement. 
 “Transfer” has
the meaning set forth in Section 8.1. 
 “Treasury Regulations” means the income Tax regulations
promulgated under the Code and effective as of the date of this Agreement. Such term, if elected by the Manager in its sole discretion, shall be deemed to include any future amendments to such regulations and any corresponding provisions of
succeeding regulations (whether or not such amendments and corresponding provisions are mandatory or discretionary). 

“Unit” means a limited liability company interest in the Company of a Member or representing a fractional part of the
interests in Profits, Losses and Distributions of the Company held by all Members and shall include Common Units, Convertible Preferred Units and Non-Convertible Preferred Units. 

  
 8 

 “Unit Ownership Ledger” has the meaning set forth in
Section 3.1(b). 
 “Unitholder” means any owner of one or more Units as reflected on the
Company’s books and records. 
 ARTICLE II 

ORGANIZATIONAL MATTERS 

Section 2.1 Formation of LLC. The Company was formed in the State of Delaware on July 27, 2018
pursuant to the provisions of the Delaware Act. 
 Section 2.2 Limited Liability Company Agreement.
The Members hereby execute this Agreement for the purpose of amending and restating the Prior Agreement and establishing the affairs of the Company and the conduct of its business in accordance with the provisions of the Delaware Act. The Members
hereby agree that during the term of the Company set forth in Section 2.6 the rights, powers and obligations of the Unitholders with respect to the Company will be determined in accordance with the terms and conditions of
this Agreement and, except where the Delaware Act provides that such rights, powers and obligations specified in the Delaware Act shall apply “unless otherwise provided in a limited liability company agreement” or words of similar effect
and such rights, powers and obligations are set forth in this Agreement, the Delaware Act; provided that, notwithstanding the foregoing and anything else to the contrary, Section 18-210 of the Delaware
Act (entitled “Contractual Appraisal Rights”) and Section 18-305(a) of the Delaware Act (entitled “Access to and Confidentiality of Information; Records”) shall not apply to or be
incorporated into this Agreement and each Unitholder hereby expressly waives any and all rights under such Sections of the Delaware Act. 

Section 2.3 Name. The name of the Company shall be “Maravai Topco Holdings, LLC”. The
Manager may change the name of the Company at any time and from time to time. Notification of any such name change shall be given to all Unitholders. The Company’s business may be conducted under its name and/or any other name or names deemed
advisable by the Manager. 
 Section 2.4 Purpose. The purpose and business of the Company shall be
to manage and direct the business operations and affairs of the Company and its Subsidiaries and to engage in any other lawful acts or activities for which limited liability companies may be organized under the Delaware Act. 

Section 2.5 Principal Office; Registered Office. The principal office of the Company shall be located
at 10770 Wateridge Circle, Suite 200, San Diego, CA 92121, or at such other place inside or outside the state of Delaware as the Manager may from time to time designate, and all business and activities of the Company shall be deemed to have occurred
at its principal office. The Company may maintain offices at such other place or places as the Manager deems advisable. The address of the registered office of the Company in the State of Delaware shall be the office of the initial registered agent
named in the Certificate or such other office (which need not be a place of business of the Company) as the Manager may designate from time to time in the manner 

  
 9 

 
provided by applicable law, and the registered agent for service of process on the Company in the State of Delaware at such registered office shall be the registered agent named in the
Certificate or such Person or Persons as the Manager may designate from time to time in the manner provided by applicable law. 

Section 2.6 Term. The term of the Company commenced upon the filing of the Certificate with the office
of the Secretary of State of the State of Delaware in accordance with the Delaware Act and shall continue in existence until the Company shall be terminated and dissolved in accordance with the provisions of Article X. 

Section 2.7 No State-Law Partnership. The Unitholders intend
that the Company not be a partnership (including, without limitation, a limited partnership) or joint venture, and that no Unitholder be a partner or joint venturer of any other Unitholder by virtue of this Agreement, for any purposes other than as
set forth in the last sentence of this Section 2.7, and neither this Agreement nor any other document entered into by the Company or any Unitholder relating to the subject matter hereof shall be construed to suggest
otherwise. The Unitholders intend that the Company shall be treated as a partnership for federal and, if applicable, state or local income Tax purposes, and that each Unitholder and the Company shall file all Tax returns and shall otherwise take all
Tax and financial reporting positions in a manner consistent with such treatment. 
 ARTICLE III 

UNITS, CAPITAL CONTRIBUTIONS AND ACCOUNTS 

Section 3.1 Units; Capitalization. 

(a) Units; Capitalization. The Company shall have the authority to issue an unlimited number of Common Units and Convertible Preferred
Units. Immediately following the IPO, the Company will issue Common Units to Maravai Co. in exchange for a contribution of the net proceeds received by Maravai Co. from the IPO (less any proceeds used to purchase Common Units from Holdings) to the
Company, such that following the sale of Common Units by Holdings and the issuance of Common Units by the Company, the total number of Common Units held by Maravai Co. will equal the total number of outstanding shares of Class A Common Stock.
The ownership by a Member of Common Units shall entitle such Member to allocations of Profits and Losses and other items and Distributions of cash and other property as set forth in Article IV hereof. 

(b) Unit Ownership Ledger; Capital Contributions. The Manager shall create and maintain a ledger (the “Unit Ownership
Ledger”) setting forth the name and address of each Unitholder, the number of each class of Units held of record by each such Unitholder, and the amount of the Capital Contribution made with respect to each class of Units and the date of
such Capital Contribution. Upon any change in the number or ownership of outstanding Units (whether upon an issuance of Units, a Transfer of Units, a cancellation of Units or otherwise), the Manager shall amend and update the Unit Ownership Ledger.
Absent manifest error, the ownership interests recorded on the Unit Ownership Ledger shall be conclusive record of the Units that have been issued and are outstanding. Each Unitholder named in the Unit Ownership Ledger has made (or shall be deemed
to have made) Capital Contributions to the Company as set forth in the Unit Ownership Ledger in exchange for the Units specified in the Unit Ownership Ledger. Any reference in this Agreement to the Unit Ownership Ledger shall be deemed a reference
to the Unit Ownership Ledger as amended and in effect from time to time. 

  
 10 

 (c) Certificates; Legends. Units shall be issued in uncertificated form;
provided that, at the request of any Member, the Manager may cause the Company to issue one or more certificates to any such Member holding Units representing in the aggregate the Units held by such Member. If any certificate representing
Units is issued, then such certificate shall bear a legend substantially in the following form: 
 THIS CERTIFICATE EVIDENCES UNITS
REPRESENTING A MEMBERSHIP INTEREST IN MARAVAI TOPCO HOLDINGS, LLC. THE MEMBERSHIP INTEREST IN MARAVAI TOPCO HOLDINGS, LLC REPRESENTED BY THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, OR ANY NON-U.S. OR STATE SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN COMPLIANCE THEREWITH. THE MEMBERSHIP INTEREST IN MARAVAI TOPCO HOLDINGS, LLC REPRESENTED BY THIS CERTIFICATE
IS SUBJECT TO RESTRICTIONS ON TRANSFER SET FORTH IN THE SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF MARAVAI TOPCO HOLDINGS, LLC, DATED AS OF NOVEMBER 19, 2020, AS THE SAME MAY BE AMENDED FROM TIME TO TIME, A COPY OF WHICH
SHALL BE FURNISHED BY THE COMPANY TO THE RECORD HOLDER HEREOF UPON WRITTEN REQUEST AND WITHOUT CHARGE. 
 (d) Prior Common Units. The
Common Units that were issued and outstanding and held by the Members prior to the date of this Agreement shall remain unchanged. 

Section 3.2 Authorization and Issuance of Additional Units. 

(a) The Manager shall have the right to cause the Company to issue and/or create and issue at any time after the date hereof, and for such
amount and form of consideration as the Manager may determine, additional Units or other Equity Securities of the Company (including creating classes or series thereof having such powers, designations, preferences and rights as may be determined by
the Manager). The Manager shall have the power to make such amendments to this Agreement in order to provide for such powers, designations, preferences and rights as the Manager in its discretion deems necessary or appropriate to give effect to such
additional authorization or issuance in accordance with the provisions of this Section 3.2(a). In connection with any issuance of Units (whether on or after the date of this Agreement), the Person who acquires such Units
shall execute a counterpart to this Agreement accepting and agreeing to be bound by all terms and conditions hereof, and shall enter into such other documents, instruments and agreements to effect such purchase as are required by the Manager
(including such documents, instruments and agreements entered into on or prior to the date of this Agreement by the Members, each, an “Equity Agreement”). 

  
 11 

 (b) At any time Maravai Co. issues one or more shares of Class A Common Stock (other
than an issuance of the type covered by Section 3.2(d) or an issuance to a holder of Exchangeable Units pursuant to the Exchange Agreement, as described in Section 3.2(c)), Maravai Co. shall
contribute to the Company all of the net proceeds (if any) received by Maravai Co. with respect to such share or shares of Class A Common Stock. Upon the contribution by Maravai Co. to the Company of all of such net proceeds so received by
Maravai Co., the Manager shall cause the Company to issue a number of Common Units determined based upon the Exchange Rate then in effect, registered in the name of Maravai Co.; provided, however, that if Maravai Co. issues one or more shares
of Class A Common Stock, some or all of the net proceeds of which are to be used to fund expenses or other obligations of Maravai Co. for which Maravai Co. would be permitted a Distribution pursuant to Article IV, then Maravai Co. shall
not be required to transfer such net proceeds to the Company which are used or will be used to fund such expenses or obligations; provided further, if Maravai Co. issues any shares of Class A Common Stock in order to purchase or
fund the purchase of Common Units from a Member (other than a Subsidiary of Maravai Co.), then the Company shall not issue any new Common Units registered in the name of Maravai Co. in accordance with Section 3.2(c) and
Maravai Co. shall not be required to transfer such net proceeds to the Company (it being understood that such net proceeds shall instead be transferred by Maravai Co. to such other Member as consideration for such purchase). Notwithstanding the
foregoing, this Section 3.2(b) shall not apply to the issuance and distribution to holders of shares of Class A Common Stock of rights to purchase Equity Securities of Maravai Co. under a “poison pill” or
similar shareholder’s rights plan (it being understood that (i) upon exchange of Exchangeable Units for Class A Common Stock pursuant to the Exchange Agreement, such Class A Common Stock would be issued together with any such
corresponding right and (ii) in the event such rights to purchase Equity Securities of Maravai Co. are triggered, Maravai Co. will ensure that the holders of Common Units that have not been Exchanged prior to such time will be treated equitably
vis-à -vis the holders of Class A Common Stock under such plan). 

(c) At any time a holder of Exchangeable Units exchanges such Common Units for shares of Class A Common Stock or a Cash Payment, the
Company shall cancel such Exchangeable Units. Upon the cancellation by the Company of the Exchangeable Units exchanged for shares of Class A Common Stock, the Manager shall cause the Company to issue a number of Common Units equal to the
Exchanged Unit Amount, registered in the name of Maravai Co. in accordance with Section 2.6 of the Exchange Agreement. 
 (d) At any
time Maravai Co. issues one or more shares of Class A Common Stock in connection with an equity incentive program, whether such share or shares are issued upon exercise (including cashless exercise) of an option, settlement of a restricted
stock unit, as restricted stock or otherwise, the Manager shall cause the Company to issue a corresponding number of Common Units, registered in the name of Maravai Co. (determined based upon the Exchange Rate then in effect); provided that
Maravai Co. shall be required to contribute all (but not less than all) of the net proceeds (if any) received by Maravai Co. from or otherwise in connection with such issuance of one or more shares of Class A Common Stock, including the
exercise price of any option exercised, to the Company. If any such shares of Class A Common Stock so issued by Maravai Co. in connection with an equity incentive program are subject to vesting or forfeiture provisions, then the Common Units
that are issued by the Company to Maravai Co. in connection therewith in accordance with the preceding provisions of this Section 3.2(d) shall be subject to vesting or forfeiture on the same basis; if any of such shares of
Class A Common 

  
 12 

 
Stock vest or are forfeited, then a corresponding number of the Common Units (determined based upon the Exchange Rate then in effect) issued by the Company in accordance with the preceding
provisions of this Section 3.2(d) shall automatically vest or be forfeited. Any cash or property held by Maravai Co. or the Company or on any of such Person’s behalf in respect of dividends paid on restricted shares of
Class A Common Stock that fail to vest shall be returned to the Company upon the forfeiture of such restricted shares of Class A Common Stock. 

(e) Maravai Co. shall at all times reserve and keep available out of its authorized but unissued Class A Common Stock, solely for the
purpose of issuance upon an Exchange, the maximum number of shares of Class A Common Stock as shall be issuable upon Exchange of all outstanding Common Units and shares of Class B Common Stock to satisfy its obligations under the Exchange
Agreement; provided that nothing contained herein shall be construed to preclude Maravai Co. from satisfying its obligations in respect of any such Exchange by delivery of purchased shares of Class A Common Stock (which may or may not be
held in the treasury of Maravai Co.). If any shares of Class A Common Stock require registration with or approval of any Governmental Entity under any federal or state law before such shares may be issued upon an Exchange, Maravai Co. shall use
reasonable efforts to cause the exchange of such shares of Class A Common Stock to be duly registered or approved, as the case may be. Maravai Co. shall list and use its reasonable efforts to maintain the listing of the Class A Common
Stock required to be delivered upon any such Exchange prior to such delivery upon the national securities exchange upon which the outstanding shares of Class A Common Stock are listed at the time of such Exchange (it being understood that any
such shares may be subject to transfer restrictions under applicable securities laws). Maravai Co. covenants that all shares of Class A Common Stock issued upon an Exchange will, upon issuance, be validly issued, fully paid and non-assessable. 
 (f) For purposes of this Section 3.2, “net
proceeds” means gross proceeds to Maravai Co. from the issuance of Class A Common Stock or other securities less all reasonable bona fide
out-of-pocket fees and expenses of Maravai Co., the Company and their respective Subsidiaries actually incurred in connection with such issuance. 

(g) In the event Maravai Co. issues any Class A Common Stock upon conversion of any shares of Convertible Preferred Stock, a
corresponding number of Convertible Preferred Units shall be cancelled and cease to be outstanding, and the Company shall issue to Maravai Co. Common Units in accordance with Section 3.2(b) without any further action by the
Company or the Manager. 
 (h) In the event Maravai Co. makes a Distribution of cash in respect of the Convertible Preferred Units in
connection with any Convertible Preferred Stock Change of Control Repurchase or Convertible Preferred Stock Liquidation Payment, a number of Convertible Preferred Units shall be cancelled and cease to be outstanding equal to the number of shares of
Convertible Preferred Stock repurchased or liquidated, respectively, without any further action by the Company or the Manager. 
 (i) In the
event Maravai Co. repays (or otherwise retires) the principal of any outstanding Senior Notes, one Non-Convertible Preferred Unit shall be cancelled and cease to be outstanding for each $1,000 principal amount
of any Senior Notes that is repaid or otherwise retired without any further action by the Company or the Manager. 

  
 13 

 Section 3.3 Repurchase or Redemption of
Class A Common Stock. If, at any time, any shares of Class A Common Stock are repurchased or redeemed (whether by exercise of a put or call, automatically or by means of another arrangement) by Maravai
Co. for cash, then the Manager shall cause the Company, immediately prior to such repurchase or redemption of such shares, to redeem a corresponding number of Common Units held by Maravai Co. (determined based upon the Exchange Rate then in effect),
at an aggregate redemption price equal to the aggregate purchase or redemption price of the share or shares of Class A Common Stock being repurchased or redeemed by Maravai Co. (plus any reasonable expenses related thereto) and upon such other
terms as are the same for the share or shares of Class A Common Stock being repurchased or redeemed by Maravai Co. 

Section 3.4 Changes in Common Stock. In addition to any other adjustments required hereby, any
subdivision (by stock split, stock dividend, reclassification, recapitalization or otherwise) or combination (by reverse stock split, reclassification, recapitalization or otherwise) of Class A Common Stock, Class B Common Stock or other
capital stock of Maravai Co. shall be accompanied by an identical subdivision or combination, as applicable, of the Common Units or other Equity Securities, as applicable. 

Section 3.5 Capital Accounts. 

(a) Maintenance of Capital Accounts. The Company shall maintain a separate Capital Account for each Unitholder according to the rules
of Treasury Regulation Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the sole discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such regulation and Treasury Regulation
Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of the Company property. Without limiting the foregoing, each Unitholder’s Capital Account shall be adjusted: 

(i) by adding any additional Capital Contributions made by such Unitholder in consideration for the issuance of Units; 

(ii) by deducting any amounts paid to such Unitholder in connection with the redemption or other repurchase by the Company of
Units; 
 (iii) by adding any Profits allocated in favor of such Unitholder and subtracting any Losses allocated in favor of
such Unitholder; and 
 (iv) by deducting any distributions paid in cash or other assets to such Unitholder by the Company.

 (b) Computation of Income, Gain, Loss and Deduction Items. For purposes of computing the amount of any item of the Company income,
gain, loss or deduction to be allocated pursuant to Article IV and to be reflected in the Capital Accounts, the determination, recognition and classification of any such item shall be the same as its determination, recognition and
classification for federal income Tax purposes (including any method of depreciation, cost recovery or amortization used for this purpose); provided that: 

  
 14 

 (i) the computation of all items of income, gain, loss and deduction shall
include those items described in Code Section 705(a)(1)(B), Code Section 705(a)(2)(B) and Treasury Regulation Section 1.704-1(b)(2)(iv)(i), without regard to the fact that such items are not
includable in gross income or are not deductible for federal income Tax purposes; 
 (ii) if the Book Value of any Company
property is adjusted pursuant to Treasury Regulation Section 1.704-1(b)(2)(iv)(e) or (f), the amount of such adjustment shall be taken into account as gain or loss from the disposition of such property;

 (iii) items of income, gain, loss or deduction attributable to the disposition of the Company property having a Book Value
that differs from its adjusted basis for Tax purposes shall be computed by reference to the Book Value of such property; 

(iv) items of depreciation, amortization and other cost recovery deductions with respect to the Company property having a Book
Value that differs from its adjusted basis for Tax purposes shall be computed by reference to the property’s Book Value in accordance with Treasury Regulation Section 1.704-1(b)(2)(iv)(g); 

(v) to the extent an adjustment to the adjusted Tax basis of any of the Company’s asset pursuant to Code Sections 732(d),
734(b) or 743(b) is required pursuant to Treasury Regulation Section 1.704-1(b)(2)(iv)(m) to be taken into account in determining Capital Accounts, the amount of such adjustment to the Capital Accounts
shall be treated as an item of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases such basis); and 

(vi) this Section 3.5 shall be applied in a manner consistent with the principles of Prop. Reg.
Sections 1.704-1(b)(2)(iv)(d), (f)(1), (h)(2) and (s). 
 Section 3.6
Negative Capital Accounts; No Interest Regarding Positive Capital Accounts. No Unitholder shall be required to pay to any other Unitholder or the Company any deficit or negative balance which may exist from time to time in such
Unitholder’s Capital Account (including upon and after dissolution of the Company). Except as otherwise expressly provided herein, no Unitholder shall be entitled to receive interest from the Company in respect of any positive balance in its
Capital Account, and no Unitholder shall be liable to pay interest to the Company or any Unitholder in respect of any negative balance in its Capital Account. 

Section 3.7 No Withdrawal. No Person shall be entitled to withdraw any part of such Person’s
Capital Contributions or Capital Account or to receive any Distribution from the Company, except as expressly provided herein. 

Section 3.8 Loans From Unitholders. Loans by Unitholders to the Company shall not be considered
Capital Contributions. If any Unitholder shall loan funds to the Company in excess of the amounts required hereunder to be contributed by such Unitholder to the capital of the Company, the making of such loans shall not result in any increase in the
amount of the Capital Account of such Unitholder. The amount of any such loans shall be a debt of the Company to such Unitholder and shall be payable or collectible in accordance with the terms and conditions upon which such loans are made. 

  
 15 

 Section 3.9 Adjustments to Capital Accounts for
Distributions In-Kind. To the extent that the Company distributes property in-kind to the Members, the Company shall be treated as making a distribution equal to
the Fair Market Value of such property (as of the date of such distribution) for purposes of Section 4.1 and such property shall be treated as if it were sold for an amount equal to its Fair Market Value and any resulting
gain or loss shall be allocated to the Members’ Capital Accounts in accordance with Section 4.2 through Section 4.4. 

Section 3.10 Transfer of Capital Accounts. The original Capital Account established for each
Substituted Member shall be in the same amount as the Capital Account of the Member (or portion thereof) to which such Substituted Member succeeds at the time such Substituted Member is admitted to as a Member of the Company. The Capital Account of
any Member whose interest in the Company shall be increased or decreased by means of (a) the Transfer to it of all or part of the Units of another Member or (b) the repurchase or forfeiture of Units pursuant to any Equity Agreement shall
be appropriately adjusted to reflect such Transfer or repurchase. Any reference in this Agreement to a Capital Contribution of or Distribution to a Member that has succeeded any other Member shall include any Capital Contributions or Distributions
previously made by or to the former Member on account of the Units of such former Member Transferred to such Member. 

Section 3.11 Adjustments to Book Value. The Company shall adjust the Book Value of its assets to Fair
Market Value in accordance with Treasury Regulations Section 1.704-1(b)(2)(iv)(f) as of the following times: (a) at the Manager’s discretion in connection with the issuance of Units in the
Company or a more than de minimis Capital Contribution to the Company; (b) at the Manager’s discretion in connection with the Distribution by the Company to a Member of more than a de minimis amount of the Company’s assets, including
money; and (c) the liquidation of the Company within the meaning of Treasury Regulations Section 1.704-1(b)(2)(ii)(g). Any such increase or decrease in Book Value of an asset shall be allocated as a
Profit or Loss to the Capital Accounts of the Members under Section 4.2 (determined immediately prior to the event giving rise to the revaluation). 

Section 3.12 Compliance With
Section 1.704-1(b). The provisions of this Agreement relating to the maintenance of Capital Accounts are intended to comply with Treasury Regulations Section 1.704-1(b), and shall be interpreted and applied in a manner consistent with such Treasury Regulations. In the event the Manager shall determine that it is prudent to modify the manner in which the
Capital Accounts are computed in order to comply with such Treasury Regulations, the Manager may make such modification, notwithstanding anything in Section 11.2 to the contrary. The Manager also shall (a) make any
adjustments that are necessary or appropriate to maintain equality between the Capital Accounts of the Members and the amount of the Company capital reflected on the Company’s balance sheet, as computed for book purposes, in accordance with
Treasury Regulations Section 1.704-1(b)(iv)(g), and (b) make any appropriate modifications in the event unanticipated events might otherwise cause this Agreement not to comply with Treasury
Regulations Section 1.704-1(b). 
 Section 3.13 Non-Convertible Preferred Units. The Manager may from time to time authorize the issuance of Non-Convertible Preferred Units at a price of $1,000 per Non-Convertible Preferred Unit in consideration for the capital contribution made or deemed to have been made by Maravai Co. of the net proceeds of any Senior Notes issuance. 

  
 16 

 Section 3.14 Convertible Preferred Units. The
Manager may from time to time authorize the issuance of Convertible Preferred Units, in consideration for the capital contribution made or deemed to have been made by Maravai Co. of the net proceeds of any Convertible Preferred Stock issuance. 

ARTICLE IV 

DISTRIBUTIONS AND ALLOCATIONS 

Section 4.1 Distributions. 

(a) Tax and Preferred Distributions. 

(i) Tax Distributions. To the extent funds of the Company are legally available for distribution by the Company and such
distribution would not be prohibited under any credit facility to which the Company or any of its Subsidiaries is a party (the “Tax Distribution Conditions”), with respect to each Fiscal Quarter, the Company shall distribute to each
Unitholder, an amount of cash (each a “Tax Distribution”) equal to such Unitholder’s Assumed Tax Liability for such Fiscal Quarter. To the extent a holder of Common Units would receive for any Fiscal Quarter less than its Pro
Rata Share of the aggregate Tax Distributions to be paid pursuant to the preceding sentence, the Tax Distributions to such Unitholder shall be increased to ensure that all Tax Distributions to holders of Common Units are made in accordance with
their Pro Rata Share. The Manager shall be entitled to adjust subsequent Tax Distributions up or down to reflect any variation between its prior estimation of quarterly Tax Distributions and the Tax Distributions that would have been computed under
this Section 4.1(a)(i) based on subsequent information. In the event that due to the Tax Distribution Conditions the funds available for any Tax Distribution to be made hereunder are insufficient to pay the full amount of
the Tax Distribution that would otherwise be required under this Section 4.1(a)(i), the Company shall use its reasonable best efforts to distribute to the Unitholders the amount of funds that are available after application
of the Tax Distribution Conditions on a pro rata basis (according to the amounts that would have been distributed to each Unitholder pursuant to this Section 4.1(a)(i) if available funds (after application of the Tax
Distribution Conditions) existed in a sufficient amount to make such Distribution in full). At any time thereafter when additional funds of the Company are available for Distribution after application of the Tax Distribution Conditions, the Company
shall use its reasonable best efforts to immediately distribute such funds to the Unitholders on a pro rata basis (according to the amounts that would have been distributed to each Unitholder pursuant to this
Section 4.1(a)(i) if available funds (after application of the Tax Distribution Conditions) would have existed in a sufficient amount to make such Tax Distribution in full). 

(ii) Additional Tax Distributions. In the event of any audit by, or similar event with, a taxing authority that affects
the calculation of any Unitholder’s Assumed Tax Liability for any Taxable Year (other than an audit conducted pursuant to the Partnership Tax Audit Rules for which no election is made pursuant to Code Section 6226 (or any similar provision
of state or local law)), or in the event the Company files an amended tax return, each Unitholder’s Assumed Tax Liability with respect to such year shall be 

  
 17 

 
recalculated by giving effect to such event (for the avoidance of doubt, taking into account interest and penalties). Any shortfall in the amount of Tax Distributions the Unitholders and former
Unitholders received for the relevant Taxable Years based on such recalculated Assumed Tax Liability promptly shall be distributed to such Unitholders and the successors of such former Unitholders, except, for the avoidance of doubt, to the extent
Distributions were made to such Unitholders and former Unitholders pursuant to Section 4.1 in the relevant Taxable Years sufficient to cover such shortfall. 

(iii) Convertible Preferred Unit Cash Dividend Distributions. In the event Maravai Co. declares and pays a Convertible
Preferred Stock Cash Dividend, on or before the related dividend payment date (as set forth in the applicable Certificate of Designations), the Manager may cause the Company to make a Distribution of cash in respect of the Convertible Preferred
Units in an amount equal to the related Convertible Preferred Stock Cash Dividend Amount. 
 (iv) Convertible Preferred
Stock Change of Control Repurchase. In the event Maravai Co. is required to make a Convertible Preferred Stock Change of Control Repurchase, on or before the date of the related Change of Control Exchange (as defined in the Certificate of
Designations), the Manager shall cause the Company to make a Distribution of cash in respect of the Convertible Preferred Units in an amount equal to the aggregate Change of Control Price (as defined in the Certificate of Designations) which is to
be paid in cash and not in shares of Class A Common Stock. 
 (v) Convertible Preferred Unit Liquidation Payment.
In the event Maravai Co. makes a Convertible Preferred Stock Liquidation Payment, on or before the related date fixed for liquidation, winding-up or dissolution of Maravai Co., the Manager may cause the
Company to make a Distribution in respect of the Convertible Preferred Units in an amount equal to the related Convertible Preferred Stock Liquidation Payment Amount. 

(vi) Non-Convertible Preferred Unit Cash Distributions. In the event Maravai Co.
makes any Senior Note Payment, the Manager may cause the Company to make a Distribution of cash in respect of the Non-Convertible Preferred Units in an amount equal to the related Senior Note Payment. 

(b) Other Distributions. Except as otherwise set forth in Section 4.1(a), the Manager may (but shall not be
obligated to) make Distributions at such time, in such amounts and in such form (including in-kind property) as determined by the Manager in its sole discretion, in each case to the holders of Common Units
immediately prior to such Distribution on a pro rata basis. 
 Section 4.2 Allocations. Profits or
Losses for any Fiscal Year shall be allocated among the Unitholders in such a manner as to reduce or eliminate, to the extent possible, any difference, as of the end of such Fiscal Year, between (a) the sum of (i) the Capital Account of
each Unitholder, (ii) such Unitholder’s share of Minimum Gain (as determined according to Treasury Regulation Section 1.704-2(g)) and (iii) such Unitholder’s partner nonrecourse debt
minimum gain (as defined in Treasury Regulation Section 1.704-2(i)(2)) and (b) the respective net amounts, positive or negative, which would be distributed to them or for which they would be liable
to the Company 

  
 18 

 
under this Agreement and the Delaware Act, determined as if the Company were to (i) liquidate the assets of the Company for an amount equal to their Book Value and (ii) distribute the
proceeds of such liquidation pursuant to Section 10.2. 
 Section 4.3 Special
Allocations. 
 (a) Minimum Gain Chargeback. Losses attributable to partner nonrecourse debt (as defined in Treasury
Regulation Section 1.704-2(b)(4)) shall be allocated in the manner required by Treasury Regulation Section 1.704-2(i). If there is a net decrease during a
Taxable Year in partner nonrecourse debt minimum gain (as defined in Treasury Regulation Section 1.704-2(i)(2)), Profits for such Taxable Year (and, if necessary, for subsequent Taxable Years) shall be
allocated to the Unitholders in the amounts and of such character as determined according to Treasury Regulation Section 1.704-2(i)(4). 

(b) Unitholder Nonrecourse Debt Minimum Chargeback. Nonrecourse deductions (as determined according to Treasury Regulation Section 1.704-2(b)(1)) for any Taxable Year shall be allocated to each holder of Common Units ratably among such Unitholders based upon their ownership of Common Units. Except as otherwise provided in
Section 4.3(a), if there is a net decrease in the Minimum Gain during any Taxable Year, each Unitholder shall be allocated Profits for such Taxable Year (and, if necessary, for subsequent Taxable Years) in the amounts and
of such character as determined according to Treasury Regulation Section 1.704-2(f). This Section 4.3(b) is intended to be a Minimum Gain chargeback provision that complies with
the requirements of Treasury Regulation Section 1.704-2(f), and shall be interpreted in a manner consistent therewith. 

(c) Qualified Income Offset. If any Unitholder that unexpectedly receives an adjustment, allocation or distribution described in
Treasury Regulation Section 1.704-1(b)(2)(ii)(d)(4), (5) and (6) has an Adjusted Capital Account Deficit as of the end of any Taxable Year, computed after the application of
Section 4.3(a) and Section 4.3(b), but before the application of any other provision of this Article IV, then Profits for such Taxable Year shall be allocated to such Unitholder in
proportion to, and to the extent of, such Adjusted Capital Account Deficit. This Section 4.3(c) is intended to be a qualified income offset provision as described in Treasury Regulation
Section 1.704-1(b)(2)(ii)(d) and shall be interpreted in a manner consistent therewith. 
 (d)
Allocation of Certain Profits and Losses. Profits and Losses described in Section 3.5(b)(v) shall be allocated in a manner consistent with the manner that the adjustments to the Capital Accounts are required to be
made pursuant to Treasury Regulation Section 1.704-1(b)(2)(iv)(j), (k) and (m). 
 (e)
Regulatory Allocations. The allocations set forth in Sections 4.3(a)-(d) (the “Regulatory Allocations”) are intended to comply with certain requirements of Sections
1.704-1(b) and 1.704-2 of the Treasury Regulations. The Regulatory Allocations may not be consistent with the manner in which the Unitholders intend to allocate Profit
and Loss of the Company or make the Company distributions. Accordingly, notwithstanding the other provisions of this Article IV, but subject to the Regulatory Allocations, income, gain, deduction, and loss shall be reallocated among the
Unitholders so as to eliminate the effect of the Regulatory Allocations and thereby 

  
 19 

 
cause the respective Capital Accounts of the Unitholders to be in the amounts (or as close thereto as possible) they would have been if Profit and Loss (and such other items of income, gain,
deduction and loss) had been allocated without reference to the Regulatory Allocations. In general, the Unitholders anticipate that this will be accomplished by specially allocating other Profit and Loss (and such other items of income, gain,
deduction and loss) among the Unitholders so that the net amount of the Regulatory Allocations and such special allocations to each such Unitholder is zero. In addition, if in any Fiscal Year or Fiscal Period there is a decrease in partnership
Minimum Gain, or in partner nonrecourse debt Minimum Gain, and application of the Minimum Gain chargeback requirements set forth in Section 4.3(a) or Section 4.3(b) would cause a distortion in the
economic arrangement among the Unitholders, the Unitholders may, if they do not expect that the Company will have sufficient other income to correct such distortion, request the Internal Revenue Service to waive either or both of such Minimum Gain
chargeback requirements. If such request is granted, this Agreement shall be applied in such instance as if it did not contain such Minimum Gain chargeback requirement. 

(f) The Unitholders acknowledge that allocations like those described in Proposed Treasury Regulations
Section 1.704-1(b)(4)(xii)(c) (“Forfeiture Allocations”) may result from the allocations of Profits and Losses provided for in this Agreement. For the avoidance of doubt, the Company is
entitled to make Forfeiture Allocations and, once required by applicable final or temporary guidance, allocations of Profits and Losses will be made in accordance with Proposed Treasury Regulations
Section 1.704-1(b)(4)(xii)(c) or any successor provision or guidance. 
 (g) Any item of
deduction with respect to a Tax that is offset for a Unitholder under Section 4.6 shall be allocated to the Unitholder in which such payment is to be offset. Any items of deduction (including a deduction described in Code
Sections 707(c) and 162(a)) with respect to or arising from any Convertible Preferred Units shall be allocated to the holders of such Convertible Preferred Units unless such treatment is prohibited by law. For the avoidance of doubt, all tax
deductions described in this Section 4.3(g) shall be taken into account in determining the amount of Tax Distribution made under the provisions of Section 4.1(a)(i). Any items of deduction
(including a deduction described in Code Sections 707(c) and 162(a)) with respect to or arising from the Non-Convertible Preferred Units shall be allocated to the holders of such
Non-Convertible Preferred Units unless such treatment is prohibited by law. 

Section 4.4 Offsetting Allocations. If, and to the extent that, any Member is deemed to recognize any
item of income, gain, deduction or loss as a result of any transaction between such Member and the Company pursuant to Sections 83, 482, or 7872 of the Code or any similar provision now or hereafter in effect, the Manager shall use its commercially
reasonable efforts to allocate any corresponding Profit or Loss to the Member who recognizes such item in order to reflect the Members’ economic interest in the Company. 

Section 4.5 Tax Allocations. 

(a) Allocations Generally. Except as provided in Section 4.5(b) below, for federal, state and local income
Tax purposes, each item of income, gain, loss or deduction shall be allocated among the Unitholders in the same manner and in the same proportion that the corresponding book items have been allocated among the Unitholders’ respective Capital
Accounts; provided that, if any such allocation is not permitted by the Code or other applicable law, then each subsequent 

  
 20 

 
item of income, gains, losses, deductions and credits will be allocated among the Unitholders so as to reflect as nearly as possible the allocation set forth herein in computing their Capital
Accounts. 
 (b) Code Section 704(c) Allocations. Items of the Company taxable income, gain, loss and deduction
with respect to any property contributed to the capital of the Company shall, solely for Tax purposes, be allocated among the Unitholders in accordance with Code Section 704(c) so as to take account of any variation between the adjusted basis
of such asset for federal income Tax purposes and its initial Book Value. Such allocations shall be made using a reasonable method specified in Treasury Regulations Section 1.704-3. In addition, if the
Book Value of any Company asset is adjusted pursuant to the requirements of Treasury Regulation Section 1.704-1(b)(2)(iv)(e) or (f), then subsequent allocations of items of taxable income, gain, loss and
deduction with respect to such asset shall take account of any variation between the adjusted basis of such asset for federal income Tax purposes and its Book Value in the same manner as under Code Section 704(c). Notwithstanding the foregoing,
the Manager shall determine all allocations pursuant to this Section 4.5(b) using any method selected by the Manager that is permitted under Section 704(c) of the Code and the Treasury Regulations thereunder. 

(c) Section 754 Election. The Company will make an election under Section 754 of the Code for its Taxable Year
that includes or begins on the date of this Agreement to adjust the basis of the Company property as permitted and provided in Sections 734 and 743 of the Code. Such election shall be effective solely for federal (and, if applicable, state and
local) income Tax purposes and shall not result in any adjustment to the Book Value of any Company asset or to the Member’s Capital Accounts (except as provided in Treasury Regulations
Section 1.704-1(b)(2)(iv)(m)). 
 (d) Allocation of Tax Credits, Tax Credit Recapture,
Etc. Allocations of Tax credits, Tax credit recapture, and any items related thereto shall be allocated to the Unitholders according to their interests in such items as determined by the Manager taking into account the principles of Treasury
Regulation Section 1.704-1(b)(4)(ii) and (viii). 
 (e) Corrective Allocations. If
necessary, the Company will make corrective allocations as set forth in Treasury Regulation Section 1.704-1(b)(4)(x). 

(f) Effect of Allocations. Allocations pursuant to this Section 4.5 are solely for purposes of federal, state
and local Taxes and shall not affect, or in any way be taken into account in computing, any Unitholder’s Capital Account or share of Profits, Losses, Distributions (other than Tax Distributions) or other items pursuant to any provision of this
Agreement. 
 Section 4.6 Indemnification and Reimbursement for Payments on Behalf of a Unitholder.
Except as otherwise provided in Article VI, if the Company is required by law to make any payment to a Governmental Entity that is specifically attributable to a Unitholder or a Unitholder’s status as such (including federal withholding
Taxes, state personal property Taxes, and state unincorporated business Taxes), then such Unitholder shall indemnify and contribute to the Company in full for the entire amount paid (including interest, penalties and related expenses). The Manager
may offset Distributions to which a Person is otherwise entitled under this Agreement against such Person’s obligation to indemnify the Company under this Section 4.6 or

  
 21 

 
with respect to any other amounts owed by the Unitholder to the Company or any of its Subsidiaries. A Unitholder’s obligation to indemnify and make contributions to the Company under this
Section 4.6 shall survive the termination, dissolution, liquidation and winding up of the Company, and for purposes of this Section 4.6, the Company shall be treated as continuing in existence. The
Company may pursue and enforce all rights and remedies it may have against each Unitholder under this Section 4.6, including instituting a lawsuit to collect such indemnification and contribution, with interest calculated
at a rate equal to the Base Rate plus three percentage points per annum (but not in excess of the highest rate per annum permitted by law), compounded on the last day of each Fiscal Quarter. 

ARTICLE V 
 MANAGEMENT
AND CONTROL OF BUSINESS 
 Section 5.1 Management. 

(a) Except as otherwise specifically provided in this Agreement or the Delaware Act, the business, property and affairs of the Company shall
be managed, operated and controlled at the sole, absolute and exclusive direction of the Manager in accordance with the terms of this Agreement. No Members shall have management authority or voting or other rights over, or any other ability to take
part in the conduct or control of the business of, the Company. The Manager is hereby designated as a “manager” within the meaning of Section 18-101(10) of the Delaware Act. The Manager is, to
the extent of its rights and powers set forth in this Agreement, an agent of the Company for the purpose of the Company’s business, and the actions of the Manager taken in accordance with such rights and powers shall bind the Company (and no
Member shall have such right). The Manager shall have all necessary powers to carry out the purposes, business and objectives of the Company. The Manager may delegate in its discretion the authority to sign agreements and other documents and take
other actions on behalf of the Company to any Person (including any Member, officer or employee of the Company) to enter into and perform any document on behalf of the Company. 

(b) Without limiting Section 5.1(a), the Manager shall have the sole power and authority to effect any of the
following by the Company or any of its Subsidiaries in one or a series of related transaction, in each case without the vote, consent or approval of any Unitholder: (i) any sale, lease, transfer, exchange or other disposition of any, all or
substantially all of the assets of the Company (including the exercise or grant of any conversion, option, privilege or subscription right or any other right available in connection with any assets at any time held by the Company); (ii) any merger,
consolidation, reorganization or other combination of the Company with or into another entity, (iii) any acquisition; (iv) any issuance of debt or equity securities; (v) any incurrence of indebtedness; or (vi) any dissolution.
Except for any vote, consent or approval of any Unitholder expressly required by this Agreement, if a vote, consent or approval of the Unitholders is required by the Delaware Act or other applicable law with respect to any action to be taken by the
Company or matter considered by the Manager, each Unitholder will be deemed to have consented to or approved such action or voted on such matter in accordance with the consent or approval of the Manager on such action or matter. 

(c) Maravai Co. may withdraw as the Manager and appoint as its successor at any time upon written notice to the Company (a) any
wholly-owned Subsidiary of Maravai Co., (b) any 

  
 22 

 
Person of which Maravai Co. is a wholly-owned Subsidiary, (c) any Person into which Maravai Co. is merged or consolidated or (d) any transferee of all or substantially all of the assets
of Maravai Co., which withdrawal and replacement shall be effective upon the delivery of such notice. No appointment of a Person other than Maravai Co. (or its successor, as the case may be) as Manager shall be effective unless Maravai Co. (or its
successor, as the case may be) and the new Manager provide all Members with contractual rights, directly enforceable by such Members against the new Manager, to cause the new Manager to comply with all of the Manager’s obligations under this
Agreement. 
 Section 5.2 Investment Company Act. The Manager shall use reasonable best efforts to
ensure that the Company shall not be subject to registration as an investment company pursuant to the Investment Company Act. 

Section 5.3 Officers. 

(a) Officers. Unless determined otherwise by the Manager, the officers of the Company shall be a Chief Executive Officer, a President,
a Chief Financial Officer, a Treasurer and a Secretary and each other officer of Maravai Co. shall also be an officer of the Company, with the same title. All officers shall be appointed by the Manager (or by the Chief Executive Officer to the
extent the Manager delegates such authority to the Chief Executive Officer) and shall hold office until their successors are appointed by the Manager (or by the Chief Executive Officer to the extent the Manager delegates such authority to the Chief
Executive Officer). Two or more offices may be held by the same individual. The officers of the Company may be removed by the Manager (or by the Chief Executive Officer to the extent the Manager delegates such authority to the Chief Executive
Officer) at any time for any reason or no reason. 
 (b) Other Officers and Agents. The Manager may appoint such other officers and
agents as it may deem necessary or advisable, who shall hold their offices for such terms and shall exercise such powers and perform such duties as shall be determined from time to time by the Manager. 

(c) Chief Executive Officer. The Chief Executive Officer shall be the chief executive officer of the Company and shall have the general
powers and duties of supervision and management usually vested in the office of a chief executive officer of a company. He or she shall preside at all meetings of Members if present thereat. 

(d) President. The President shall be the chief executive officer of the Company in the absence of the Chief Executive Officer. In
general, the President shall perform all duties incident to the office of President and such other duties as may be prescribed from time to time by the Manager. 

(e) Chief Financial Officer. The Chief Financial Officer shall be the chief financial officer of the Company and shall keep and
maintain or cause to be kept and maintained adequate and correct books and records of accounts of the properties and business transactions of the Company. The books of account shall at all times be open to inspection by the Manager. The Chief
Financial Officer shall deposit all monies and other valuables in the name of, and to the credit of, the Company with such depositaries as may be designated by the Manager. 

  
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 (f) Treasurer. The Treasurer shall have the custody of Company funds and securities
and shall keep full and accurate account of receipts and disbursements. He or she shall deposit all moneys and other valuables in the name and to the credit of the Company in such depositaries as may be designated by the Manager or the Chief
Executive Officer. The Treasurer shall disburse the funds of the Company as may be ordered by the Manager or the Chief Executive Officer, taking proper vouchers for such disbursements. He or she shall render to the Manager and the Chief Executive
Officer whenever either of them may request it, an account of all his or her transactions as Treasurer and of the financial condition of the Company. If required by the Manager, the Treasurer shall give the Company a bond for the faithful discharge
of his or her duties in such amount and with such surety as the Manager shall prescribe. 
 (g) Secretary. The Secretary shall give,
or cause to be given, notice of all meetings of Members and all other notices required by applicable law or by this Agreement, and in case of his or her absence or refusal or neglect so to do, any such notice may be given by any person thereunto
directed by the Chief Executive Officer, or by the Manager. He or she shall record all the proceedings of the meetings of the Company, and shall perform such other duties as may be assigned to him or her by the Manager or by the Chief Executive
Officer. 
 (h) Other Officers. Other officers, if any, shall have such powers and shall perform such duties as shall be assigned to
them, respectively, by the Manager or by the Chief Executive Officer. 
 Section 5.4 Fiduciary
Duties. 
 (a) Members and Unitholders. To the fullest extent permitted by law and notwithstanding any duty otherwise
existing at law or in equity, no Member or Unitholder, solely in its capacity as such, shall owe any fiduciary duty to the Company, the Manager, any Member, any Unitholder or any other Person bound by this Agreement, provided that the foregoing
shall not eliminate the implied contractual covenant of good faith and fair dealing. Nothing in this Section 5.4(a) shall limit the liabilities, duties or obligations of any Member or Unitholder acting in his or her
capacity as an officer or manager pursuant to any other provision of this Agreement. 
 (b) Manager and Officers.
Notwithstanding any other provision to the contrary in this Agreement, except as set forth in Section 5.4(c), (i) the Manager shall, in its capacity as Manager, and not in any other capacity, have the same fiduciary duties
to the Company and the Unitholders and Members as a member of the board of directors of a Delaware corporation; and (ii) each officer of the Company shall, in his or her capacity as such, and not in any other capacity, have the same fiduciary
duties to the Company and the Unitholders and Members as an officer of a Delaware corporation. For the avoidance of doubt, the fiduciary duties described in clause (i) above shall not be limited by the fact that the Manager shall be permitted
to take certain actions in its sole or reasonable discretion pursuant to the terms of this Agreement or any agreement entered into in connection herewith. 

(c) Manager Conflicts. The parties hereto acknowledge that the members of Maravai Co.’s board of directors will owe fiduciary
duties to Maravai Co. and its stockholders. The Manager will use commercially reasonable and appropriate efforts and means, as determined in good faith by the Manager, to minimize any conflict of interest between the Members, on the one hand, and

  
 24 

 
the stockholders of Maravai Co., on the other hand, and to effectuate any transaction that involves or affects any of the Company, the Manager, the Members and/or the stockholders of Maravai Co.
in a manner that does not (i) disadvantage the Members of their interests relative to the stockholders of Maravai Co. or (ii) advantage the stockholders of Maravai Co. relative to the Members or (iii) treat the Members and the
stockholders of Maravai Co. differently; provided that in the event of a conflict between the interests of the stockholders of Maravai Co. and the interests of the Members, such Members agree that the Manager shall discharge its fiduciary
duties to such Members by acting in the best interests of Maravai Co.’s stockholders. 
 (d) Waiver. Any duties and liabilities
set forth in this Agreement shall replace those existing at law or in equity and each of the Company, each Member and Unitholder and any other Person bound by this Agreement hereby, to the fullest extent permitted by applicable law, including Section 18-1101(e) of the Delaware Act, waives the right to make any claim, bring any action or seek any recovery based on any duties or liabilities existing at law or in equity other than any such duties and
liabilities set forth in this Agreement. 
 (e) Survival. The provisions of this Section 5.4 shall survive
any amendment, repeal or termination of this Agreement. 
 ARTICLE VI 

EXCULPATION AND INDEMNIFICATION 

Section 6.1 Exculpation. 

(a) Actions in Capacity as a Member or Unitholder. To the fullest extent permitted by applicable law, and except as otherwise expressly
provided herein, no Member, Unitholder (other than the Manager, acting in its capacity as such) or its respective Indemnitees shall be liable to the Company, any Member, any Unitholder or any other Person bound by this Agreement as a result of or
arising out any action of or omission by such Member or Unitholder solely in its capacity as a Member or Unitholder, except to the extent such Obligations arise out of such Member’s (1) material breach of this Agreement or any other
Transaction Document or (2) bad faith violation of the implied contractual covenant of good faith and fair dealing, in each case as determined by a final judgment, order or decree of an arbitrator or a court of competent jurisdiction (which is
not appealable or with respect to which the time for appeal therefrom has expired and no appeal has been perfected). 
 (b) Other
Actions. To the fullest extent permitted by applicable law, and except as otherwise expressly provided herein, including Section 6.5, no Indemnitee shall be liable to the Company, any Member, any Unitholder or any other
Person bound by this Agreement as a result of or arising out of the activities of the Indemnitee on behalf of the Company to the extent within the scope of the authority reasonably believed by such Indemnitee to be conferred on such Indemnitee,
except to the extent such Indemnitee would not be entitled to exculpation or indemnification pursuant to the articles of incorporation and bylaws of Maravai Co. (as the same may be amended from time to time). 

Section 6.2 Indemnification. To the fullest extent permitted by applicable law, each of (a) the
Manager and its managing member Maravai Co., (b) the Unitholders and Members and 

  
 25 

 
their respective Affiliates, (c) the stockholders, members, managers, directors, officers, partners, employees and agents of the Unitholders, Members and their respective Affiliates, and
(d) the officers and directors of Maravai Co., the Manager, the Company and each of their Subsidiaries (each, an “Indemnitee”) shall be indemnified and held harmless by the Company from and against any and all losses, claims, damages,
liabilities, expenses (including legal fees and expenses), judgments, fines, settlements and other amounts arising from any and all claims, demands, actions, suits or proceedings, civil, criminal, administrative or investigative (collectively,
“Obligations”), which at any time may be imposed on, incurred by, or asserted against, the Indemnitee as a result of or arising out of this Agreement, Maravai Co., the Company, their respective assets, businesses or affairs, or the
activities of the Indemnitee on behalf of Maravai Co., the Company or any of their Subsidiaries to the extent within the scope of the authority reasonably believed to be conferred on such Indemnitee; provided, however, that, to the extent such
Indemnitee is not entitled to exculpation with respect to such Obligations pursuant to 6.5, the Indemnitee shall not be entitled to indemnification for any such Obligations to the extent such Indemnitee would not be entitled to exculpation or
indemnification pursuant to the articles of incorporation and bylaws of Maravai Co. (as the same may be amended from time to time); provided further, that, to the extent such Indemnitee is entitled to exculpation with respect to such Obligations
pursuant to 6.5, the Indemnitee shall not be entitled to indemnification for any such Obligations to the extent they arise out of such Indemnitee’s (1) material breach of this Agreement or any other Transaction Document or (2) bad
faith violation of the implied contractual covenant of good faith and fair dealing. The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nobo contendere, or its equivalent, shall not,
of itself, create a presumption that the Indemnitee was not entitled to indemnification hereunder. Any indemnification pursuant to this Section 6.1(b) shall be made only out of the assets of the Company and no Member shall
have any personal liability on account thereof. 
 Section 6.3 Expenses. Expenses (including
reasonable legal fees and expenses) incurred by an Indemnitee in defending any claim, demand, action, suit or proceeding described in Section 6.1(b) shall, from time to time, be advanced by the Company prior to the final
disposition of such claim, demand, action, suit or proceeding, upon receipt by the Company of an undertaking by or on behalf of the Indemnitee to repay such amount if it shall be determined that the Indemnitee is not entitled to be indemnified as
provided in Section 6.1(b); provided that such undertaking shall be unsecured and interest free and shall be accepted without regard to an Indemnitee’s ability to repay amounts advanced and without regard to an
Indemnitee’s entitlement to indemnification. 
 Section 6.4
Non-Exclusivity; Savings Clause. The indemnification and advancement of expenses set forth in Section 6.1(b) and Section 6.3 shall not be
exclusive of any other rights to which those seeking indemnification or advancement of expenses may be entitled under any other agreement, policy of insurance or otherwise. The indemnification and advancement of expenses set forth in
Section 6.1(b) and Section 6.3 shall continue as to an Indemnitee who has ceased to be a named Indemnitee and shall inure to the benefit of the heirs, executors, administrators, successors and
permitted assigns of such a Person. If Article VI, Section 6.2 or Section 6.3 or any portion hereof shall be invalidated on any ground by any court of competent jurisdiction, then the
Company shall nevertheless exculpate, indemnify and advance expenses each Indemnitee to the fullest extent permitted by any applicable portion of such sections not so invalidated and to the fullest extent permitted by applicable law. The
exculpation, indemnification and advancement of 

  
 26 

 
expenses provisions set forth in Article VI, Section 6.2 and Section 6.3 shall be deemed to be a contract between the Company and each
of the persons constituting Indemnitees at any time while such provisions remain in effect, whether or not such Person continues to serve in such capacity and whether or not such Person is a party hereto. In addition, neither Article VI,
Section 6.2 nor Section 6.3 may be retroactively amended to adversely affect the rights of any Indemnitee arising in connection with any acts, omissions, facts or circumstances occurring prior to
such amendment. 
 Section 6.5 Insurance. The Company may purchase and maintain insurance on behalf
of the Indemnitees against any liability asserted against them and incurred by them in such capacity, or arising out of their status as Indemnitees, whether or not the Company would have the power to indemnify them against such liability under this
Section 6.5. 
 ARTICLE VII 

ACCOUNTING AND RECORDS; TAX MATTERS 

Section 7.1 Accounting and Records. The books and records of the Company shall be made and maintained,
and the financial position and the results of its operations recorded, at the expense of the Company, in accordance with such method of accounting as is determined by the Manager. The books and records of the Company shall reflect all Company
transactions and shall be made and maintained in a manner that is appropriate and adequate for the Company’s business. 

Section 7.2 Preparation of Tax Returns. The Company shall arrange for the preparation and timely
filing of all Tax returns required to be filed by the Company, including making the elections described in Section 7.3. Each Unitholder shall furnish to the Company all pertinent information in its possession relating to
the Company’s operations that is necessary to enable the Company’s income Tax returns to be prepared and filed. 

Section 7.3 Tax Elections. The Taxable Year shall be the Fiscal Year unless the Manager shall
determine otherwise. The Manager shall determine whether to make or revoke any available election pursuant to the Code. Each Unitholder will upon request supply any information necessary to give proper effect to such election. 

Section 7.4 Tax Controversies. 

(a) The Manager shall be the “partnership representative” (or “PR”) of the Company for purposes of the Partnership
Tax Audit Rules, and, as such, (i) shall be authorized to designate any other Person selected by the Manager as the partnership representative and (ii) shall be authorized and required to represent the Company (at the Company’s
expense) in connection with all examinations of the Company’s affairs by Tax authorities, including resulting administrative and judicial proceedings, and to expend the Company’s funds for professional services and reasonably incurred in
connection therewith. Each Unitholder agrees to reasonably cooperate with the Company and to do or refrain from doing any or all things reasonably requested by the Company with respect to the conduct of such proceedings. 

(b) In the event of an audit by the Internal Revenue Service, unless otherwise approved by all of the Members, the PR shall make on a timely
basis, to the extent permissible under applicable law, the election provided by Section 6226(a) of the Partnership Tax Audit Rules to treat a “partnership adjustment” as an adjustment to be taken into account by each Member in

  
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accordance with Section 6226(b) of the Partnership Tax Audit Rules. If the election under Section 6226(a) of the of the Partnership Tax Audit Rules is made, the PR shall furnish to each
Member for the year under audit a statement reflecting the Member’s share of the adjusted items as determined in the notice of final partnership adjustment, and each such Member shall take such adjustment into account as required under
Section 6226(b) of the Partnership Tax Audit Rules and shall be liable for any related tax, interest, penalty, addition to tax, or additional amounts. 

(c) In the event of an audit by the Internal Revenue Service, if the PR does not make the election provided by Section 6226(a) of the
Partnership Tax Audit Rules as noted above, the PR shall allocate the burden of any taxes (including, for the avoidance of doubt, any “imputed underpayment” within the meaning of Section 6225 of the Partnership Tax Audit Rules),
penalties, interest and related expenses imposed on the Company pursuant to the Partnership Tax Audit Rules among the Members to whom such amounts are attributable (whether as a result of their status, actions, inactions or otherwise), as reasonably
determined by the PR and each Member shall promptly reimburse the Company in full for the entire amount the PR determines to be attributable to such Member; provided that the Company will also be allowed to recover any amount due from such
Member pursuant to this sentence from any distribution otherwise payable to such Member pursuant to this Agreement. Solely for purposes of determining the current Member(s) to which any taxes or other amounts are attributable under this provision,
references to any Member in this Section 7.4(c) shall include a reference to each Person that previously held the Units currently held by such Member (but only to the extent of such Person’s interest in such Units).

 (d) The PR is authorized to, and shall follow principles (to the extent available) similar to those set forth in
Section 7.4(b) and Section 7.4(c) with respect to any audits by state, local, or foreign tax authorities and any tax liabilities that result therefrom. 

Section 7.5 Code § 83 Safe Harbor Election. 

(a) By executing this Agreement, each Unitholder authorizes and directs the Company to elect to have the “Safe Harbor” described in
the proposed Revenue Procedure set forth in the Internal Revenue Service Notice 2005-43 (the “IRS Notice”) or in any successor, guidance or provision apply to any interest in the Company
transferred to a service provider by the Company on or after the effective date of such Revenue Procedure in connection with services provided to the Company. For purposes of making such Safe Harbor election, the PR is hereby designated as the
“partner who has responsibility for federal income Tax reporting” by the Company and, accordingly, that execution of such Safe Harbor election by the PR constitutes execution of a “Safe Harbor Election” in accordance with
Section 3.03(1) of the IRS Notice. Each Unitholder hereby agrees to comply with all requirements of the Safe Harbor described in the IRS Notice, including, the requirement that each Unitholder shall prepare and file all federal income Tax
returns reporting the income Tax effects of each Unit issued by the Company that qualifies for the Safe Harbor in a manner consistent with the requirements of the IRS Notice. 

(b) Any Unitholder or former Unitholder that fails to comply with requirements set forth in Section 7.5(a) shall
indemnify and hold harmless the Company and each adversely affected Unitholder and former Unitholder from and against any and all losses, liabilities, Taxes, damages, judgments, fines, costs, penalties, amounts paid in settlement and reasonable out-of-pocket costs and expenses incurred in connection therewith (including, costs and expenses of suits and 

  
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proceedings, and reasonable fees and disbursements of counsel), in each case resulting from such Unitholder’s or former Unitholder’s failure to comply with such requirements. The
Manager may offset Distributions to which a Person is otherwise entitled under this Agreement against such Person’s obligation to indemnify the Company and any other Person under this Section 7.5(b) (and any amount so
offset with respect to such Person’s obligation to indemnify a Person other than the Company shall be paid over to such other Person by the Company). A Unitholder’s obligations to comply with the requirements of
Section 7.5(a) and to indemnify the Company and any Unitholder or former Unitholder under this Section 7.5(b) shall survive such Unitholder’s ceasing to be a Unitholder of the Company and/or
the termination, dissolution, liquidation and winding up of the Company, and, for purposes of this Section 7.5, the Company shall be treated as continuing in existence. The Company and any Unitholder or former Unitholder
may pursue and enforce all rights and remedies it may have against each Unitholder or former Unitholder under this Section 7.5(b), including (i) instituting a lawsuit to collect such indemnification and contribution,
with interest calculated at a rate equal to the Base Rate plus three percentage points per annum (but not in excess of the highest rate per annum permitted by law), compounded on the last day of each Fiscal Quarter and (ii) specific performance
and/or immediate injunctive or other equitable relief from any court of competent jurisdiction (without the necessity of showing actual money damages, or posting any bond or other security) in order to enforce or prevent any violation of the
provisions of Section 7.5(a). 
 (c) Each Unitholder authorizes the Manager to amend paragraphs (a) and (b)
of this Section 7.5 to the extent necessary to achieve substantially the same Tax treatment with respect to any interest in the Company Transferred to a service provider by the Company in connection with services
provided to the Company as set forth in Section 4 of the IRS Notice (e.g., to reflect changes from the rules set forth in the IRS Notice in subsequent Internal Revenue Service guidance); provided that such amendment is not materially
adverse to any Unitholder (as compared with the after-Tax consequences that would result if the provisions of the IRS Notice applied to all interests in the Company Transferred to a service provider by the
Company in connection with services provided to the Company). 
 ARTICLE VIII 

TRANSFER OF UNITS; ADMISSION OF NEW MEMBERS 

Section 8.1 Transfer of Units. Other than as provided for below in this
Section 8.1, no Member may sell, assign, transfer, grant a participation in, pledge, hypothecate, encumber or otherwise dispose of (such transaction being herein collectively called a “Transfer”) all or any
portion of its Units except with the approval of the Manager, which may be granted or withheld in its sole discretion. Without the approval of the Manager (but otherwise in compliance with Section 8.1), a Member may, at any
time, (a) Transfer any portion of such Member’s Units pursuant to the Exchange Agreement, and (b) Transfer any portion of such Member’s Units to a Permitted Transferee of such Member. Any Transfer of Units to a Permitted
Transferee of such Member by a Member which also holds Class B Common Stock must be accompanied by the transfer of a corresponding number of shares of Class B Common Stock (determined based upon the Exchange Rate then in effect) to such
Permitted Transferee. Any purported Transfer of all or a portion of a Member’s Units not complying with this Section 8.1 shall be void ab initio and shall not create any obligation on the part of the Company or
the other Members to recognize that purported Transfer or to recognize the Person to which the Transfer purportedly was made as a Member. A Person 

  
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acquiring a Member’s Units pursuant to this Section 8.1 shall not be admitted as a substituted or Additional Member except in accordance with the requirements of
Section 8.2, but such Person shall, to the extent of the Units transferred to it, be entitled to such Member’s (i) share of Distributions, (ii) share of Profits and Losses and (iii) Capital Account in
accordance with Section 3.5. Notwithstanding anything in this Section 8.1 or elsewhere in this Agreement to the contrary, if a Member Transfers all or any portion of its Units after the designation
of a record date and declaration of a Distribution pursuant to Section 4.1 and before the payment date of such distribution, the transferring Member (and not the Person acquiring all or any portion of its Units) shall be
entitled to receive such Distribution in respect of such transferred Units. 
 Section 8.2 Recognition of
Transfer; Substituted and Additional Members. 
 (a) No direct or indirect Transfer of all or any portion of a Member’s Units
may be made, and no purchaser, assignee, transferee or other recipient of all or any part of such Units shall be admitted to the Company as a substituted or Additional Member hereunder, unless: 

(i) the provisions of Section 8.1 shall have been complied with; 

(ii) in the case of a proposed substituted or Additional Member that is (A) a competitor or potential competitor of
Maravai Co. or the Company or their respective Subsidiaries, (B) a Person with whom Maravai Co. or the Company or their respective Subsidiaries has had or is expected to have a material commercial or financial relationship or (C) likely to
subject Maravai Co. or the Company or their respective Subsidiaries to any material legal or regulatory requirement or obligation, or materially increase the burden thereof, in each case as determined by the Manager in its sole discretion, the
admission of the purchaser, assignee, transferee or other recipient as a substituted or Additional Member shall have been approved by the Manager; 

(iii) the Manager shall have been furnished with the documents effecting such Transfer, in form and substance reasonably
satisfactory to the Manager, executed and acknowledged by both the seller, assignor or transferor and the purchaser, assignee, transferee or other recipient, and the Manager shall have executed (and the Manager hereby agrees to execute) any other
documents on behalf of itself and the Members required to effect the Transfer; 
 (iv) the provisions of
Section 8.2(b) shall have been complied with; 
 (v) the Manager shall be reasonably satisfied that
such Transfer will not (A) result in a violation of the Securities Act or any other applicable law; or (B) cause an assignment under the Investment Company Act; 

(vi) such Transfer would not cause the Company to be treated as a “publicly traded partnership” within the meaning of
Section 7704 of the Code or any other association taxable as a corporation for federal income tax purposes and, without limiting the generality of the foregoing, such Transfer shall not be effected on or through an “established securities
market” or a “secondary market or the substantial equivalent thereof,” as such terms are used in Treas. Reg. § 1.7704-1; 

  
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 (vii) the Manager shall have received the opinion of counsel, if any,
required by Section 8.2(c) in connection with such Transfer; and 
 (viii) all necessary
instruments reflecting such Transfer and/or admission shall have been filed in each jurisdiction in which such filing is necessary in order to qualify the Company to conduct business or to preserve the limited liability of the Members. 

(b) Each Substituted Member and Additional Member shall be bound by all of the provisions of this Agreement. Each Substituted Member and
Additional Member, as a condition to its admission as a Member, shall execute and acknowledge such instruments (including a counterpart of this Agreement and the Exchange Agreement or a joinder agreement in customary form), in form and substance
reasonably satisfactory to the Manager, as the Manager reasonably deems necessary or desirable to effectuate such admission and to confirm the agreement of such substituted or Additional Member to be bound by all the terms and provisions of this
Agreement with respect to the Units acquired by such substituted or Additional Member. The admission of a substituted or Additional Member shall not require the consent of any Member (but shall require the consent of the Manager, if and to the
extent such consent of the Manager is expressly required by this Article VIII). As promptly as practicable after the admission of a substituted or Additional Member, the Unit Ownership Ledger and other books and records of the Company and
Exhibit A shall be changed to reflect such admission. 
 (c) As a further condition to any Transfer of all or any part of a
Member’s Units, the Manager may, in its discretion, require a written opinion of counsel to the transferring Member reasonably satisfactory to the Manager, obtained at the sole expense of the transferring Member, reasonably satisfactory in form
and substance to the Manager, as to such matters as are customary and appropriate in transactions of this type, including, without limitation (or, in the case of any Transfer made to a Permitted Transferee, limited to an opinion) to the effect that
such Transfer will not result in a violation of the registration or other requirements of the Securities Act or any other federal or state securities laws. No such opinion, however, shall be required in connection with a Transfer made pursuant to
the Exchange Agreement. 
 Section 8.3 Expense of Transfer; Indemnification. All reasonable costs
and expenses incurred by the Manager and the Company in connection with any Transfer of a Member’s Units, including any filing and recording costs and the reasonable fees and disbursements of counsel for the Company, shall be paid by the
transferring Member. In addition, the transferring Member hereby indemnifies the Manager and the Company against any losses, claims, damages or liabilities to which the Manager, the Company, or any of their Affiliates may become subject arising out
of or based upon any false representation or warranty made by, or breach or failure to comply with any covenant or agreement of, such transferring Member or such transferee in connection with such Transfer. 

Section 8.4 Exchange Agreement. In connection with any Transfer of any portion of a Member’s
Units pursuant to the Exchange Agreement, the Manager shall cause the Company to take any action as may be required under the Exchange Agreement or requested by any party thereto to effect such Transfer promptly. 

  
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 Section 8.5 Change of Control Transactions. In the
event (i) Maravai Co. enters into an agreement to consummate a Change of Control (as defined in the Tax Receivable Agreement) transaction or (ii) any Person commences a tender offer or exchange offer for any of the outstanding shares of
Maravai Co.’s stock, Maravai Co. will take all reasonable actions in order to effect any Change of Control Exchange (as defined in the Exchange Agreement). 

ARTICLE IX 
 WITHDRAWAL
AND RESIGNATION OF UNITHOLDERS 
 Section 9.1 Withdrawal and Resignation of Unitholders. No
Unitholder shall have the power or right to withdraw or otherwise resign from the Company prior to the dissolution and winding up of the Company pursuant to Article X, without the prior written consent of the Manager (which consent may be
withheld by the Manager in its sole discretion), except as otherwise expressly permitted by this Agreement. Upon a Transfer of all of a Unitholder’s Units in a Transfer permitted by this Agreement, and (if applicable) the Equity Agreements,
such Unitholder shall cease to be a Unitholder. Notwithstanding that payment on account of a withdrawal may be made after the effective time of such withdrawal, any completely withdrawing Unitholder will not be considered a Unitholder for any
purpose after the effective time of such complete withdrawal, and, in the case of a partial withdrawal, such Unitholder’s Capital Account (and corresponding voting and other rights) shall be reduced for all other purposes hereunder upon the
effective time of such partial withdrawal. 
 ARTICLE X 

DISSOLUTION AND LIQUIDATION 

Section 10.1 Dissolution. The Company shall not be dissolved by the admission of Additional Members or
Substituted Members. The Company shall dissolve, and its affairs shall be wound up upon the first of the following to occur: 
 (a) at the
election of the Manager; and 
 (b) the entry of a decree of judicial dissolution of the Company under Section 33.5 of the Delaware Act
or an administrative dissolution under Section 18-802 of the Delaware Act. 
 Except as
otherwise set forth in this Article X the Company is intended to have perpetual existence. An Event of Withdrawal shall not cause a dissolution of the Company and the Company shall continue in existence subject to the terms and conditions of
this Agreement. 
 Section 10.2 Liquidation and Termination. On the dissolution of the Company, the
Manager shall act as liquidator or may appoint one or more representatives, Members or other Persons as liquidator(s). The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and
in the Delaware Act. The costs of liquidation shall be borne as the Company’s expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the Manager. The steps to
be accomplished by the liquidators are as follows: 
 (a) The liquidators shall pay, satisfy or discharge from the Company’s funds all
of the debts, liabilities and obligations of the Company (including all expenses incurred in liquidation) 

  
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or otherwise make adequate provision for payment and discharge thereof (including the establishment of a cash fund for contingent liabilities in such amount and for such term as the liquidators
may reasonably determine). 
 (b) As promptly as practicable after dissolution, the liquidators shall (i) determine the Fair Market
Value (the “Liquidation FMV”) of the Company’s remaining assets (the “Liquidation Assets”) in accordance with Article X hereof, (ii) determine the amounts to be distributed to each Unitholder in
accordance with Section 4.1, and (iii) deliver to each Unitholder a statement (the “Liquidation Statement”) setting forth the Liquidation FMV and the amounts and recipients of such Distributions, which
Liquidation Statement shall be final and binding on all Unitholders. 
 (c) As soon as the Liquidation FMV and the proper amounts of
Distributions have been determined in accordance with Section 10.2(b) above, the liquidators shall promptly distribute the Company’s Liquidation Assets to the holders of Units in accordance with
Section 4.1(b) above. In making such distributions, the liquidators shall allocate each type of Liquidation Assets (i.e., cash or cash equivalents, preferred or common equity securities, etc.) among the Unitholders ratably
based upon the aggregate amounts to be distributed with respect to the Units held by each such holder; provided that the liquidators may allocate each type of Liquidation Assets so as to give effect to and take into account the relative priorities
of the different Units; provided further that, in the event that any securities are part of the Liquidation Assets, each Unitholder that is not an “accredited investor” as such term is defined under the Securities Act may, in
the sole discretion of the Manager, receive, and hereby agrees to accept, in lieu of such securities, cash consideration with an equivalent value to such securities as determined by the Manager. Any non-cash
Liquidation Assets will first be written up or down to their Fair Market Value, thus creating Profit or Loss (if any), which shall be allocated in accordance with Section 4.2 and Section 4.3. If
any Unitholder’s Capital Account is not equal to the amount to be distributed to such Unitholder pursuant to Section 10.2(b), Profits and Losses for the Fiscal Year in which the Company is dissolved shall be allocated
among the Unitholders in such a manner as to cause, to the extent possible, each Unitholder’s Capital Account to be equal to the amount to be distributed to such Unitholder pursuant to Section 10.2(b). The distribution
of cash and/or property to a Unitholder in accordance with the provisions of this Section 10.2(b) constitutes a complete return to the Unitholder of its Capital Contributions and a complete distribution to the Unitholder of
its interest in the Company and all the Company property and constitutes a compromise to which all Unitholders have consented within the meaning of the Delaware Act. To the extent that a Unitholder returns funds to the Company, it has no claim
against any other Unitholder for those funds. 
 Section 10.3 Securityholders Agreement. To the
extent that units or other equity securities of any Subsidiary are distributed to any Unitholders and unless otherwise agreed to by the Manager, such Unitholders hereby agree to enter into a securityholders agreement with such Subsidiary and each
other Unitholder which contains rights and restrictions in form and substance similar to the provisions and restrictions set forth herein (including in Article VIII). 

Section 10.4 Cancellation of Certificate. On completion of the distribution of the Company’s
assets as provided herein, the Company shall be terminated (and the Company shall not be terminated prior to such time), and the Manager (or such other Person or Persons as the Delaware Act may require or permit) shall file a certificate of
cancellation with the Secretary of 

  
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State of Delaware, cancel any other filings made pursuant to this Agreement that are or should be canceled and take such other actions as may be necessary to terminate the Company. The Company
shall be deemed to continue in existence for all purposes of this Agreement until it is terminated pursuant to this Section 10.4. 

Section 10.5 Reasonable Time for Winding Up. A reasonable time shall be allowed for the orderly
winding up of the business and affairs of the Company and the liquidation of its assets pursuant to Section 10.2 in order to minimize any losses otherwise attendant upon such winding up. 

Section 10.6 Return of Capital. The liquidators shall not be personally liable for the return of
Capital Contributions or any portion thereof to the Unitholders (it being understood that any such return shall be made solely from the Company assets). 

Section 10.7 Hart-Scott-Rodino. In the event the Hart-Scott-Rodino Antitrust Improvements Act of 1976
(the “HSR Act”) is applicable to any Unitholder, the dissolution of the Company shall not be consummated until such time as the applicable waiting period (and extensions thereof) under the HSR Act have expired or otherwise been terminated
with respect to each such Unitholder. 
 ARTICLE XI 

GENERAL PROVISIONS 

Section 11.1 Power of Attorney. Each Unitholder hereby constitutes and appoints the Manager and the
liquidators, if any and as applicable, and their respective designees, with full power of substitution, as his, her or its true and lawful agent and attorney-in-fact,
with full power and authority in his, her or its name, place and stead, to execute, swear to, acknowledge, deliver, file and record in the appropriate public offices (to the same extent such Person could take such action): (a) this Agreement, all
certificates and other instruments and all amendments hereof or thereof in accordance with the terms hereof which the Manager deems appropriate or necessary to form, qualify, or continue the qualification of, the Company as a limited liability
company in the State of Delaware and in all other jurisdictions in which the Company may conduct business or own property or as otherwise permitted herein; (b) all instruments, agreements, amendments or other documents which the Manager deems
appropriate or necessary to reflect any amendment, change, modification or restatement of this Agreement in accordance with its terms; (c) all conveyances and other instruments or documents which the Manager and/or the liquidators deems
appropriate or necessary to reflect the dissolution and liquidation of the Company pursuant to the terms of this Agreement, including a certificate of cancellation; and (d) all instruments relating to the admission, withdrawal or substitution
of any Unitholder pursuant to Article VIII or Article IX. The foregoing power of attorney is irrevocable and coupled with an interest, and shall survive the death, disability, incapacity, dissolution, bankruptcy, insolvency or
termination of any Unitholder and the Transfer of all or any portion of his, her or its Units and shall extend to such Unitholder’s heirs, successors, permitted assigns and personal representatives. 

Section 11.2 Amendments. This Agreement may be amended (including, for purposes of this
Section 11.2, any amendment effected directly or indirectly by way of a merger or consolidation of the Company) or waived, in whole or in part, by the Manager; provided, however,

  
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that to the extent any amendment or waiver, including any amendment or waiver of the Exhibits attached hereto, would disproportionately and adversely affect the rights of any Member of a class
compared with the rights of any other Member of such class, such amendment or waiver may only be made by the Manager upon the prior written consent of such disproportionately and adversely affected Member. 

Section 11.3 Title to the Company Assets. The Company’s assets shall be deemed to be owned by the
Company as an entity, and no Unitholder, individually or collectively, shall have any ownership interest in such assets or any portion thereof. Legal title to any or all of such assets may be held in the name of the Company or one or more nominees,
as the Manager may determine. The Manager hereby declares and warrants that any Company assets for which legal title is held in the name of any nominee shall be held in trust by such nominee for the use and benefit of the Company in accordance with
the provisions of this Agreement. All the Company assets shall be recorded as the property of the Company on its books and records, irrespective of the name in which legal title to such assets is held. 

Section 11.4 Remedies. Each Unitholder and the Company shall have all rights and remedies set forth in
this Agreement and all rights and remedies which such Person has been granted at any time under any other agreement or contract and all of the rights which such Person has under any law. Any Person having any rights under any provision of this
Agreement or any other agreements contemplated hereby shall be entitled to enforce such rights specifically (without posting a bond or other security), to recover damages by reason of any breach of any provision of this Agreement and to exercise all
other rights granted by law. 
 Section 11.5 Successors and Assigns. All covenants and agreements
contained in this Agreement shall bind and inure to the benefit of the parties hereto and their respective heirs, executors, administrators, successors, legal representatives and permitted assigns, whether so expressed or not. 

Section 11.6 Severability. Whenever possible, each provision of this Agreement will be interpreted in
such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or
unenforceability will not affect any other provision or the effectiveness or validity of any provision in any other jurisdiction, and this Agreement will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or
unenforceable provision had never been contained herein or if such term or provision could be drawn more narrowly so as not to be illegal, invalid, prohibited or unenforceable in such jurisdiction, it shall be so narrowly drawn, as to such
jurisdiction, without invalidating the remaining terms and provisions of this Agreement or affecting the legality, validity or enforceability of such term or provision in any other jurisdiction. 

Section 11.7 Counterparts; Binding Agreement. This Agreement may be executed simultaneously in two or
more separate counterparts, any one of which need not contain the signatures of more than one party, but each of which will be an original and all of which together shall constitute one and the same agreement binding on all the parties hereto. This
Agreement and all of the provisions hereof shall be binding upon and effective as to each Person who (a) executes this Agreement in the appropriate space provided in the signature pages hereto notwithstanding

  
 35 

 
the fact that other Persons who have not executed this Agreement may be listed on the signature pages hereto and (b) may from time to time become a party to this Agreement by executing a
counterpart of or joinder to this Agreement. 
 Section 11.8 Descriptive Headings; Interpretation.
The descriptive headings of this Agreement are inserted for convenience only and do not constitute a substantive part of this Agreement. Whenever required by the context, any pronoun used in this Agreement shall include the corresponding masculine,
feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural and vice versa. The use of the word “including” in this Agreement shall be by way of example rather than by limitation. Reference to any
agreement, document or instrument means such agreement, document or instrument as amended or otherwise modified from time to time in accordance with the terms thereof, and if applicable hereof. Whenever required by the context, references to a
Fiscal Year shall refer to a portion thereof. The use of the words “or,” “either” and “any” shall not be exclusive. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. In the
event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the
authorship of any of the provisions of this Agreement. Wherever a conflict exists between this Agreement and any other agreement, this Agreement shall control but solely to the extent of such conflict. 

Section 11.9 Applicable Law. This Agreement shall be governed by, and construed in accordance with,
the laws of the State of Delaware, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other
than the State of Delaware. 
 Section 11.10 Addresses and Notices. All notices, demands or other
communications to be given or delivered under or by reason of the provisions of this Agreement shall be in writing and shall be deemed to have been given or made when (a) delivered personally to the recipient, (b) telecopied to the
recipient, or delivered by means of electronic mail (with hard copy sent to the recipient by reputable overnight courier service (charges prepaid) that same day) if telecopied/emailed before 5:00 p.m. San Diego, California time on a Business Day,
and otherwise on the next Business Day, or (c) one (1) Business Day after being sent to the recipient by reputable overnight courier service (charges prepaid). Such notices, demands and other communications shall be sent to the address for such
recipient set forth in the Company’s books and records, or to such other address or to the attention of such other person as the recipient party has specified by prior written notice to the sending party. 

Section 11.11 Creditors. None of the provisions of this Agreement shall be for the benefit of or
enforceable by any creditors of the Company or any of its Affiliates, and no creditor who makes a loan to the Company or any of its Affiliates may have or acquire (except pursuant to the terms of a separate agreement executed by the Company in favor
of such creditor) at any time as a result of making the loan any direct or indirect interest in the Company’s Profits, Losses, Distributions, capital or property other than as a secured creditor. Notwithstanding the foregoing, each of the
Indemnitees are intended third party beneficiaries of Section 6.1(b) and shall be entitled to enforce such provision (as it may be in effect from time to time). 

  
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 Section 11.12 No Waiver. No failure by any party to
insist upon the strict performance of any covenant, duty, agreement or condition of this Agreement or to exercise any right or remedy consequent upon a breach thereof shall constitute a waiver of any such breach or any other covenant, duty,
agreement or condition. 
 Section 11.13 Further Action. The parties agree to execute and deliver
all documents, provide all information and take or refrain from taking such actions as may be necessary or appropriate to achieve the purposes of this Agreement. 

Section 11.14 Entire Agreement. This Agreement and the other Transaction Documents embody the complete
agreement and understanding among the parties with respect to the subject matter herein and supersede and preempt any prior understandings, agreements or representations by or among the parties, written or oral, which may have related to the subject
matter hereof in any way. 
 Section 11.15 Delivery by Electronic Means. This Agreement, the
agreements referred to herein, and each other agreement or instrument entered into in connection herewith or therewith or contemplated hereby or thereby, and any amendments hereto or thereto, to the extent signed and delivered by means of a
facsimile machine or electronic transmission in portable document format (pdf) or comparable electronic transmission, shall be treated in all manner and respects as an original agreement or instrument and shall be considered to have the same binding
legal effect as if it were the original signed version thereof delivered in person. At the request of any party hereto or to any such agreement or instrument, each other party hereto or thereto shall
re-execute original forms thereof and deliver them to all other parties. No party hereto or to any such agreement or instrument shall raise the use of a facsimile machine or pdf electronic transmission or
comparable electronic transmission to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use of a facsimile machine as a defense to the formation or enforceability of a contract
and each such party forever waives any such defense. 
 Section 11.16 Certain Acknowledgments. This
Agreement shall be considered for all purposes as having been prepared through the joint efforts of the parties. No presumption shall apply in favor of any party in the interpretation of this Agreement or in the resolution of any ambiguity of any
provision hereof based on the preparation, substitution, submission or other event of negotiation, drafting or execution hereof. Each Member and Unitholder acknowledges that it/he/she is entitled to and has been afforded the opportunity to consult
legal counsel of its choice regarding the terms, conditions and legal effects of this Agreement, as well as the advisability and propriety thereof. Each Member and Unitholder further acknowledges that having so consulted with legal counsel of its
choosing, such Member or Unitholder hereby waives any right to raise or rely upon the lack of representation or effective representation in any future proceedings or in connection with any future claim resulting from this Agreement or the formation
of the Company. THE COMPANY, THE MEMBERS AND THE UNITHOLDERS ACKNOWLEDGE THAT KIRKLAND & ELLIS LLP HAS ONLY REPRESENTED THE COMPANY WITH RESPECT TO THE NEGOTIATION AND PREPARATION OF THIS AGREEMENT, AND HAS NOT REPRESENTED THE MEMBERS OR
THE UNITHOLDERS WITH RESPECT TO SUCH MATTERS. 

  
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 Section 11.17 Consent to Jurisdiction; WAIVER OF TRIAL BY
JURY. 
 (a) Consent to Jurisdiction. Each Unitholder irrevocably submits to the exclusive jurisdiction of the United States
District Court for the State of Delaware and the state courts of the State of Delaware for the purposes of any suit, action or other proceeding arising out of this Agreement or any transaction contemplated hereby. Each Unitholder further agrees that
service of any process, summons, notice or document by United States certified or registered mail (in each such case, prepaid return receipt requested) to such Unitholder’s respective address set forth in the Company’s books and records or
such other address or to the attention of such other person as the recipient party has specified by prior written notice to the sending party shall be effective service of process in any action, suit or proceeding in Delaware with respect to any
matters to which it has submitted to jurisdiction as set forth above in the immediately preceding sentence. Each Unitholder irrevocably and unconditionally waives any objection to the laying of venue of any action, suit or proceeding arising out of
this Agreement or the transactions contemplated hereby in the United States District Court for the State of Delaware or the state courts of the State of Delaware and hereby irrevocably and unconditionally waives and agrees not to plead or claim in
any such court that any such action, suit or proceeding brought in such court has been brought in an inconvenient forum. 
 (b) WAIVER OF
TRIAL BY JURY. BECAUSE DISPUTES ARISING IN CONNECTION WITH COMPLEX TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN EXPERIENCED AND EXPERT PERSON AND THE PARTIES WISH APPLICABLE STATE AND FEDERAL LAWS TO APPLY (RATHER THAN
ARBITRATION RULES), THE PARTIES DESIRE THAT THEIR DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION OF THE BENEFITS OF THE JUDICIAL SYSTEM AND OF ARBITRATION, EACH PARTY TO THIS AGREEMENT
(INCLUDING THE COMPANY) HEREBY WAIVES ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION, SUIT, OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE BETWEEN OR AMONG ANY OF THE PARTIES HERETO, WHETHER ARISING IN CONTRACT, TORT, OR OTHERWISE, ARISING OUT OF,
CONNECTED WITH, RELATED OR INCIDENTAL TO THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREBY AND/OR THE RELATIONSHIPS ESTABLISHED AMONG THE PARTIES HEREUNDER. 

Section 11.18 Representations and Warranties. By execution of this Agreement, each Member severally
represents and warrants as follows: 
 (a) Such Member has full legal right, power, and authority to deliver this Agreement and the other
Transaction Documents and to perform such Member’s obligations hereunder and thereunder; 
 (b) This Agreement and the other
Transaction Documents constitute the legal, valid, and binding obligation of such Member enforceable in accordance with its respective terms, except as the enforcement thereof may be limited by bankruptcy and other laws of general application
relating to creditors’ rights or general principles of equity; 

  
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 (c) Neither this Agreement nor the other Transaction Documents violate, conflict with,
result in a breach of the terms, conditions or provisions of, or constitute a default or an event of default under any other agreement of which such Member is a party; and 

(d) Such Member’s investment in Units in the Company is made for such Member’s own account for investment purposes only and not with
a view to the resale or distribution of such Units. 
 Section 11.19 Tax Receivable Agreement. The
Tax Receivable Agreement and the Exchange Agreement shall each be treated as part of this Agreement as described in Section 761(c) of the Code, and Treas. Reg. § 1.704-1(b)(2)(ii)(h) and § 1.761-1(c) with respect to payments to a Member with respect to an Exchange (as defined in the Tax Receivable Agreement) by such Member. 

* * * * * 

  
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 IN WITNESS WHEREOF, the undersigned have executed or caused to be executed on their behalf
this Second Amended and Restated Limited Liability Company Agreement as of the date first written above. 
  

			
	MARAVAI TOPCO HOLDINGS, LLC
		
	By:	 	 /s/ Carl W. Hull

	Name:	 	Carl W. Hull
	Title:	 	Chief Executive Officer
	
	MARAVAI LIFESCIENCES HOLDING. INC., as a Member and the Sole Manager
		
	By:	 	 /s/ Carl W. Hull

	Name:	 	Carl W. Hull
	Title:	 	Chief Executive Officer
	
	MARAVAI LIFE SCIENCES HOLDINGS, LLC, as a Member
		
	By:	 	 /s/ Carl W. Hull

	Name:	 	Carl W. Hull
	Title:	 	Chief Executive Officer

 Signature Page to Maravai Topco Holdings, LLC Second Amended and Restated Limited Liability Company
Agreement 

 SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT 

Joinder 
 The undersigned
hereby agrees to become a party to the Second Amended and Restated Limited Liability Company Agreement of Maravai Topco Holdings, LLC, a Delaware limited liability company, dated as of November 19, 2020 (the “Agreement”), and
agrees to be bound by the terms and conditions of the Agreement as a Member. 
  

			
	MEMBER:
	[●]	 	
		
	By:	 	  

		
	Its:	 	
	
	Address for Notices:
		
	[●]	 	
	[●]	 	
	[●]	 	
	[●]

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