DYNAVAX TECHNOLOGIES CORPORATION
MANAGEMENT CONTINUITY AND SEVERANCE AGREEMENT
Amended October 3, 2008
This Management Continuity and Severance Agreement (the “ Agreement ”) is dated as of October 15, 2003, by and
between Dino Dina, President and Chief Executive Officer, Dynavax Technologies Corporation (“Employee”), and Dynavax
Technologies Corporation, a Delaware corporation (the “ Company ” or “ Dynavax ”).
A. It is expected that another company may from time to time consider the possibility of acquiring the Company or that a
change in control may otherwise occur, with or without the approval of the Company’s Board of Directors. The Board of
Directors recognizes that such consideration can be a distraction to Employee and can cause Employee to consider alternative
employment opportunities. The Board of Directors has determined that it is in the best interests of the Company to assure that
the Company will have the continued dedication and objectivity of the Employee, notwithstanding the possibility, threat, or
occurrence of a Change of Control (as defined below) of the Company.
B. The Company’s Board of Directors believes it is in the best interests of the Company to retain Employee and provide
incentives to Employee to continue in the service of the Company.
C. The Board of Directors further believes that it is imperative to provide Employee with certain benefits upon a Change of
Control and, under certain circumstances, upon termination of Employee’s employment in connection with a Change of Control
and independent of a Change of Control, which benefits are intended to provide Employee with encouragement to Employee to
remain with the Company, notwithstanding the possibility of a Change of Control or an employment termination.
D. To accomplish the foregoing objectives, the Board of Directors has directed the Company, upon execution of this
Agreement by Employee, to agree to the terms provided in this Agreement.
Now therefore, in consideration of the mutu