Company: DVAX
Filing Date: 2025-04-03
Form Type: PREC14A
Source: 0000930413-25-001153
Chunk: 126

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-03
Form: PREC14A
Chunk 126
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 cost            
 of operating our business on an ongoing basis.                                                                                     |

| B-1 |

Reconciliation of GAAP Financial Measures
to Non-GAAP Financial Measures (In thousands)

|                             |     | Year               
 Ended December 31, |    2024 |     |   |    2023 |
|:----------------------------|:----|:-------------------|--------:|:----|:--|--------:|
| GAAP Net income (loss)      |     | $                  |  27,309 |     | $ |  -6,389 |
| Adjustments:                |     |                    |         |     |   |         |
| Depreciation & Amortization |     |                    |   1,499 |     |   |   1,500 |
| Interest Income             |     |                    | -36,464 |     |   | -31,993 |
| Interest Expense            |     |                    |   6,794 |     |   |   6,757 |
| Provision for Income Taxes  |     |                    |   3,546 |     |   |   2,022 |
| Total adjustments           |     |                    | -24,625 |     |   | -21,714 |
| EBITDA                      |     |                    |   2,684 |     |   | -28,103 |
| Stock-Based Compensation    |     |                    |  49,217 |     |   |  40,192 |
| Adjusted EBITDA             |     | $                  |  51,901 |     | $ |  12,089 |

| B-2 |

<div align='center'>Appendix C

RESTATED

CERTIFICATE OF INCORPORATION

OF

DYNAVAX TECHNOLOGIES CORPORATION</div>

Dynavax Technologies Corporation, a corporation
organized and existing under and by virtue of the General Corporation Law of the State of Delaware (the “Corporation”)
DOES HEREBY CERTIFY:

FIRST: The name of the Corporation is
Dynavax Technologies Corporation. The Corporation was originally incorporated under the same name and the original Certificate
of Incorporation was filed with the Secretary of State of the State of Delaware on November 6, 2000.

SECOND: This Restated Certificate of Incorporation
has been duly adopted in accordance with the provisions of the General Corporation Law of the State of Delaware by the Board of
Directors and the Stock