Company: DVAX
Filing Date: 2025-04-15
Form Type: PRER14A
Source: 0000930413-25-001254
Chunk: 129

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-15
Form: PRER14A
Chunk 129
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holders following the closing of an Initial Public Offering, the term of office of the Class III directors shall expire and Class III directors shall be elected for a full term of three years. At each succeeding annual meeting of stockholders, directors shall be elected for a full term of three years to succeed the directors of the class whose terms expire at such annual meeting

C. Term. Notwithstanding the foregoing
provisions of this Article, each director shall serve until the annual meeting of stockholders for the year in which his or her
term expires and until his or her successor is duly elected and qualified or until his or her earlier death, resignation or removal.
No decrease in the number of directors constituting the Board of Directors shall shorten the term of any incumbent director.

D. Vacancies.
Any vacancies on the Board of Directors resulting from death, resignation, disqualification, removal, or other causes shall be
filled by either (i) the affirmative vote of the holders of a majority of the voting power of the then-outstanding shares of voting
stock of the corporation entitled to vote generally in the election of directors (“Voting Stock”) voting together
as a single class; or (ii) by the affirmative vote of a majority of the remaining directors then in office, even though less than
a quorum of the Board of Directors. Newly created directorships resulting from any increase in the number of directors shall,
unless the Board of Directors determines by resolution that any such newly created directorship shall be filled by the stockholders,
be filled only by the affirmative vote of the directors then in office, even though less than a quorum of the Board of Directors.
Any director elected in accordance with the preceding sentence prior to the 2028 annual meeting of stockholders shall hold office for the remainder of the full term of the class of directors in which the
new directorship was created or the vacancy occurred and until such director’s successor shall have been elected and qualified, and any director elected in accordance with the preceding sentence after the 2028 annual meeting of stockholders shall hold office for a term expiring at the next annual meeting of stockholders and until such director’s successor shall have been elected and qualified.

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E. Amendments to Bylaws; Change of Certain Provisions of the Bylaws. The affirmative vote of sixty-six and two-thirds percent (66-2/3%)
of the voting power of the then outstanding shares of Voting Stock, voting together as a single class, shall be required for the
adoption