AVALANCHE BIOTECHNOLOGIES, INC. CHANGE IN CONTROL AND SEVERANCE AGREEMENTChange in Control and Severance Agreement • November 20th, 2015 • Avalanche Biotechnologies, Inc. • Biological products, (no disgnostic substances) • California
This Change in Control and Severance Agreement (the “Agreement”) is made and entered into by and between Paul Cleveland (“Executive”) and Avalanche Biotechnologies, Inc. (the “Company”), effective as of the latest date set forth by the signatures of the parties hereto below (the “Effective Date”).
November 19, 2015 Mr. Paul Cleveland c/o Avalanche Biotechnologies, Inc. Menlo Park, California 94025 Re: Employment Terms for Chief Executive Officer Dear Paul,Employee Confidentiality and Invention Assignment Agreement • November 20th, 2015 • Avalanche Biotechnologies, Inc. • Biological products, (no disgnostic substances) • California
This letter agreement (the “Agreement”) memorializes the employment terms for your anticipated hire by Avalanche Biotechnologies, Inc. (the “Company”) in the position of Chief Executive Officer of the Company (“CEO”), as well as your appointment as a member of the Board of Directors of the Company (the “Board”). These terms will become effective on November 20, 2015. Your first day of work as CEO, the first day of your term as a member of the Board, will be December 9, 2015 or a later date determined by mutual agreement and approved by the Board (as applicable, the “Hire Date”).
