On March 15, 2022, Dynavax Technologies Corporation entered into an Office Lease with SPUS8 2100 Powell, LP for general office space located at 2100 Powell Street, Suite 720, Emeryville, California 94608. The purpose of the Lease is to replace the Company's current subleased premises at 2100 Powell Street, Suite 900, the sublease which expires June 30, 2022. The Lease will commence on the later of (a) June 1, 2022 or (b) the date Landlord delivers the Premises to the Company in the required condition (“Commencement Date”).

The Lease is set to expire on July 31, 2025. There is no option in the Lease to extend the term. The Premises contains approximately 8,053 rentable square feet.

Under the terms of the Lease, the Company will lease the Premises at the monthly rate of $4.65 (the “Base Rate”) multiplied by the rentable square footage of the Premises. The first two monthly installments of Base Rent following the Commencement Date will be abated. The Base Rate is subject to scheduled annual 3% increases.

The Company is also responsible for its percentage share of certain operating expenses and taxes over a base year (i.e., calendar year 2022) throughout the term of the Lease.