X0306 4 2018-01-23 0 0000764195 VBI Vaccines Inc/BC VBIV 0001616018 Anderson David Evander C/O VBI VACCINES INC., 222 THIRD STREET, STE 2241 CAMBRIDGE MA 02142 0 1 0 0 Chief Scientific Officer Option (Right to Buy Common Shares) 4.19 2018-01-23 4 A 0 100000 0 A 2028-01-23 Common Shares 100000 100000 D The reporting person is a participant in the Issuer's Incentive Plan (the "Plan"). The board of directors of the Issuer approved the option grant on January 23, 2018 (the "Grant Date"). The options were granted pursuant to that certain option agreement entered into by and between the Issuer and the reporting person, dated January 23, 2018 (the "Option Agreement"). The options vest and become exercisable in 36 equal monthly installments beginning on the first day of the month following the Grant Date. The options expire 10 years from the Grant Date unless terminated sooner in accordance with the Plan or the Option Agreement. /s/ David E. Anderson 2018-01-25