Exhibit 10.62


 


POLAR MOLECULAR HOLDINGS CORPORATION


CODE OF ETHICS


FOR PRINCIPAL EXECUTIVE AND FINANCIAL
OFFICERS


 


This
Code of Ethics applies to the chief executive officer, chief financial officer
and principal accounting officer (the “Executive and Financial Officers”) of
Polar Molecular Holdings Corporation. 
These officers hold important and elevated roles in corporate
governance.  As the senior officers in
the corporate leadership group, the Executive and Financial Officers are vested
with both the responsibility and authority to protect, balance and preserve the
interest of all of the Company’s stakeholders, including shareholders, clients,
employees, suppliers and citizens of the community in which business is
conducted.  The Executive and Financial Officers
fulfill this responsibility by adhering to high standards of ethical conducts
in all of their business activities for the Company that may be emulated by all
employees and representatives of the Company. 
These Officers are also responsible for prescribing and enforcing
policies and procedures to assure that such standards are followed in the
operation of the Company’s financial organization.


 


The
Executive and Financial Officers shall therefore adhere to and advocate the
following principles and responsibilities to establish the expected
professional and ethical conduct.


 


1.                                       Act
with honesty and integrity, avoiding actual or apparent conflicts of interest
between personal and professional relationships whenever possible, and handling
such conflicts openly and fairly on behalf of the Company.


 


2.                                       Provide
all interested parties with information that is accurate, complete, objective,
relevant, timely and understandable, including in reports filed with the
Securities and Exchange Commission and in public disclosures.


 


3.                                       Act
in good faith, responsibly, with due care, competence and diligence, without
misrepresenting material facts or allowing the officer’s independent judgment
to be subordinated.


 


4.                                       Comply
with laws, rules and regulations of federal, state and local governments
and other appropriate, private and public regulatory agencies, and promote
awareness of and compliance with all such requirements by all members of the
finance organization of the Company.


 


5.                                       Provide
processes for members of the finance organization to inform senior management
or the board of directors of deviations in practice from policies and
procedures governing honest and ethical behavior, and personally report any
deviations of which he becomes aware.


 


6.                                       Respect
the confidentiality of information acquired in the course of his work and
prevent use of such confidential information for personal advantage.


 


7.                                       Achieve
responsible use of and control over all assets and resources employed by or
entrusted to such officer.


 


8.                                       Proactively
promote ethical behavior as a responsible partner among peers at the Company
and in the community.