Document:

Exhibit

EXHIBIT 10.4

ADVISORY SERVICES AGREEMENT
THIS ADVISORY SERVICES AGREEMENT is made and entered into as of April 8, 2019 (the “Effective Date”) by and between Facebook, Inc. (“Facebook” or the “Company”) and Chris Cox (“Advisor”).
		
	1.
	DEFINITIONS.

		
	1.1
	“Affiliate” means an entity which, directly or indirectly, owns or controls, is owned or is controlled by or is under common ownership or control with Facebook.  As used herein, “control” means the power to direct the management or affairs of an entity, and “ownership” means the beneficial ownership of 50% or more of the voting equity securities or other equivalent voting interests of the entity.

		
	1.2
	“Advisory Services” means those services that are provided by Advisor to Facebook.

		
	1.3
	“Confidential Information” includes, without limitation, all technical and non-technical information provided by Facebook to Advisor that is either: (A) designated as confidential by Facebook at the time of disclosure; or (B) should reasonably be considered confidential, given the nature of the information or the circumstances surrounding its disclosure. Notwithstanding the above, all Facebook Data and all technical and non-technical information concerning or related to Facebook’s products, services, online properties (including the discovery, invention, research, improvement, development, marketing or sale thereof), financial data and models, business and marketing plans, and any information related to the foregoing constitutes the Confidential Information and property of Facebook.

		
	1.4
	“Deliverables” means any and all results of the Advisory Services, including Intellectual Property in, constituting, derived from, and/or otherwise relating thereto, in any form or medium and regardless of the state of completion, created, conceived, developed, invented, made, originated, authored, discovered, disclosed, reduced to practice, described and/or delivered by Advisor.

		
	1.5
	“Facebook Data” means any and all data and information received, stored, collected, derived, generated, or otherwise obtained or accessed by Advisor in connection with this Agreement, performance of the Advisory Services, or if applicable, access to any Facebook Properties, Facebook Sites or Facebook Systems regarding any aspect of Facebook’s business, including all personally identifiable information and all other data or information (which, for the avoidance of doubt, includes all personal data within the meaning of Directive 95/46/EC) provided by or on behalf of any Facebook user, advertiser, business partner or content provider, and other information such as system procedures, employment practices, finances, inventions, business methodologies, trade secrets, copyrightable and patentable subject matter.

		
	1.6
	“Facebook Properties” means the online properties, products, services, websites, widgets, applications and pages, including, without limitation, those accessible in whole or in part through any platform, medium or device, whether presently existing or later developed, that are developed in whole or in part by or for Facebook or its Affiliates throughout the world.

		
	1.7
	“Facebook Sites” means any Facebook facility or location.

		
	1.8
	“Facebook Systems” means Facebook’s systems, networks, databases, computers, telecommunications or other information systems owned, controlled or operated by or on their respective behalf.

		
	1.9
	“Intellectual Property” includes, but is not limited to, algorithms, compositions of matter, computer software programs, computer code, object code, source code, concepts, databases, developments, designs, discoveries, ideas, formulas, improvements, inventions, mask works, patents, processes, products, software, trademarks, trade secrets, and works of authorship.  Intellectual Property also includes the 

tangible embodiments (e.g. – drawings, sketches, notes, memoranda, code, photographs, written records) of any intangible items.
		
	1.10
	“Security Incident” means any incident that involves or reasonably may involve the unauthorized access, use, disclosure or loss of any Facebook Data, or any other suspected breach or compromise of the security, confidentiality or integrity of any Facebook Data.

		
	2.
	ENGAGEMENT OF SERVICES.

2.1  Scope.  Advisor will provide strategic advice to Facebook as requested by the Company.
2.2  Performance of Services.  The manner and means by which Advisor renders the Advisory Services are in Advisor’s discretion and control.  Advisor agrees to utilize Advisor’s expertise and creative talents in performing the Advisory Services.
2.3  Materials.  Advisor agrees at his own expense to provide his own facilities, equipment, tools and other materials to use in performing the Advisory Services, with the exception that Facebook will provide Advisor with a Company laptop.
2.4  Term.  The time period during which the Advisory Services will be performed shall begin on the Effective Date and will continue in effect until this Agreement is terminated by: (A) either Facebook or Advisor giving written notice of termination to the other (and in the case of Facebook, to the attention of the Chief Executive Officer via email); (B) Advisor entering into a full-time engagement with another entity; or (C) automatically expiring on December 31, 2019.
		
	3.
	PAYMENT.

3.1  Fees.  Facebook will pay Advisor a fee for services rendered under this Agreement in the amount of $10,000 per month.
3.2  Expenses.  Facebook will reimburse Advisor for reasonable expenses incurred by him in performing the Advisory Services, subject to Facebook’s pre-approval and travel policy.
		
	4.
	CONFIDENTIALITY

4.1  Disclosures.  Advisor will not: (A) use any Confidential Information except for the sole benefit of Facebook and only to the extent necessary to provide the Advisory Services under this Agreement; or (B) disclose any Confidential Information of Facebook to any person or entity, except to any person or entity who is involved in performing this Agreement, have a need to know, and have signed a non-disclosure agreement with terms no less restrictive than those herein.
4.2  Exclusions.  Except for Facebook Data, Section 4.1 will not apply to any information that: (A) is rightfully known by Advisor prior to disclosure by Facebook; (B) is rightfully obtained by Advisor from a third party without restrictions on disclosure; (C) is disclosed by Advisor with the prior written approval of Facebook; or (D) to the extent required by law or court order so long as Advisor provides advance notice to Facebook as promptly as possible and cooperates with Facebook’s efforts to obtain a protective order regarding such disclosure.
4.3  Return of Materials.  Upon termination of this Agreement Advisor will promptly destroy or (if requested) return Facebook’s Confidential Information and all copies thereof, provided that he may retain a single archival copy of Confidential Information if required to do so under applicable law.  In addition, Advisor will return the Company laptop to Facebook.
4.4   Public Communications. Advisor agrees that when publicly speaking or posting during the course of this Agreement, he will make it clear whether he is doing so for himself in his personal capacity or for Facebook 

in his position as an advisor to the Company.  Any public communications on behalf of Facebook will require prior approval from the Vice President of Communications.   
		
	5.
	SECURITY AND PRIVACY.

5.1  Site and System Access.  If Advisor is granted access to any: (A) Facebook Site; or (B) Facebook Systems, then such access is subject to his compliance with all then-current Facebook policies.  Any access to any Facebook Sites or Facebook Systems is strictly for the purpose of Advisor’s performance of the Advisory Services.
5.2  Data Security and Privacy.  Advisor warrants and represents that: (A) he will establish and maintain administrative, physical and technical safeguards that prevent the unauthorized access, use, storage or disclosure of Facebook Data; (B) he will establish, maintain and comply with an information security program that shall: (i) meet the highest standards of best industry practice to safeguard Facebook Data; (ii) ensure compliance with applicable data security and privacy laws; (iii) protect against the destruction, loss, access, disclosure or alteration of Confidential Information, including Facebook Data, in his possession or to which he may have access; and (iv) include an appropriate network security program (that includes, without limitation, encryption of all sensitive or private data); (C) he will not, directly or indirectly, sell, rent, disclose, distribute, commercially exploit or transfer any Facebook Data or any information that can be used to identify particular individuals to any third party for any purpose whatsoever; (D) he will not collect, access, utilize, process, store, copy, modify, create derivative works of, or disclose any Facebook Data; and (E) he will comply at all times with all Facebook privacy policies, and all applicable foreign and domestic laws, orders and regulations relating to privacy and data protection.
5.3  Notification of Security Breach.  Advisor will notify Facebook immediately following the discovery of any Security Incident.  Advisor agrees that he will not communicate with any third party, including but not limited to the media, vendors, consumers, and affected individuals regarding any Security Incident without the express written consent and direction of Facebook.
		
	6.
	OWNERSHIP.

6.1  Ownership.  Advisor agrees to keep complete and accurate records of (such as notebooks, drawings, sketches, program listings, and the like) and disclose and describe in confidence promptly to Facebook and to the fullest extent permitted by law, Facebook shall retain sole and exclusive ownership of all right, title and interest to all Deliverables, Intellectual Property, Facebook Properties, Confidential Information of Facebook (including Facebook Data), Facebook Sites, and Facebook Systems.  At no time will Advisor dispute or contest Facebook’s exclusive ownership rights in any of the foregoing.
6.2  Deliverables. All Deliverables and all Intellectual Property in, constituting, derived from, and/or otherwise relating to the Deliverables will be the sole and exclusive property of Facebook and will be deemed to be a “work made for hire” (as defined in Section 101 of Title 17 of the United States Code).
6.3  Assignment.  If any Deliverable or Intellectual Property in, constituting, derived from, and/or otherwise relating to a Deliverable is determined not to be “work made for hire,” Advisor irrevocably and exclusively assigns, transfers and conveys to Facebook all right, title and interest (including all Intellectual Property and any and all other proprietary rights therein) in and to the Deliverable and Intellectual Property (without regard to whether any particular Deliverable has been accepted by Facebook) without further consideration.  If Advisor has any rights to any Deliverable and/or Intellectual Property or other proprietary rights that cannot be assigned to Facebook, he hereby unconditionally and irrevocably assigns the enforcement of such rights to Facebook and grants Facebook, its Affiliates, subcontractors, agents and assignees, an exclusive (even as to Advisor), irrevocable, perpetual, worldwide, fully paid up, royalty-free license (with the right to sublicense) to such Deliverable and Intellectual Property without further consideration.  Advisor will take all steps necessary to assist Facebook in securing any Intellectual Property rights that Advisor assigns or is required to assign to Facebook without further consideration.  Advisor irrevocably appoints Facebook as his attorney-in-fact to verify and execute documents and to do all other lawfully permitted acts to effectuate his assignment of the 

Deliverables and Intellectual Property in, constituting, derived from, and/or otherwise relating thereto as required by this Section 6.
		
	7.
	INDEPENDENT CONTRACTOR RELATIONSHIP.

7.1  Nature of Relationship.  Advisor’s relationship with Facebook will be that of an independent contractor and nothing in this Agreement should be construed to create a partnership, joint venture or employer-employee relationship.  Since Advisor will not be an employee of Facebook, Advisor will not be entitled to any of the benefits which the Company may make available to its employees, including but not limited to restricted stock units, workers’ compensation, unemployment, disability or life insurance benefits.  Advisor is not an agent of Facebook and is not granted any right or authority to assume or create any obligation or responsibility, express or implied, on behalf of or in the name of Facebook, or to bind Facebook to any agreement, contract or arrangement of any nature, except as expressly provided herein.  Advisor shall be solely and entirely responsible for his acts during the performance of the Advisory Services.
7.2  Advisor Responsible for Taxes and Records.  Advisor will be solely responsible for all tax returns and payments required to be filed with or made to any tax authority with respect to Advisor’s performance of the Advisory Services and receipt of fees under this Agreement.  Advisor will be solely responsible for and must maintain adequate records of expenses incurred in the course of performing the Advisory Services under this Agreement.  No part of Advisor’s compensation will be subject to withholding by Facebook for the payment of any social security, federal, state or any other employee payroll taxes.  Facebook will report amounts paid to Advisor by filing Form 1099-MISC with the Internal Revenue Service as required by law.
		
	8.
	GENERAL PROVISIONS.

8.1  Assignment.  Neither party may assign this Agreement without the prior written consent of the other party and any attempt to do so will be null and void.
8.2  Governing Law.  This Agreement will be governed and construed under the laws of the State of California without regard to conflicts of law provisions.  Any suit or proceeding arising out of or relating to this Agreement will be brought in the federal or state courts, as applicable, in San Mateo County, California, and each party irrevocably submits to the jurisdiction and venue of such courts.
8.3  Compliance with Laws.  Advisor’s performance under this Agreement is and will be in compliance with all applicable international, federal, state, county, local laws, Executive Orders, and government rules and regulations.  Advisor will comply with: (A) all provisions of applicable laws and government regulations pertaining to the privacy and security of Facebook Data and Confidential Information, including but not limited to, California employee data privacy laws and EU data protection law (including GDPR) and the regulations and national laws promulgated thereunder; and (B) all Facebook policies.
8.4  Entire Agreement.  This Agreement is the entire agreement of the parties and supersedes all previous or contemporaneous agreements between the parties relating to its subject matter.  This Agreement may only be modified by an amendment signed by the parties.
8.5  Waiver and Severability.  No provision of this Agreement will be waived by any act, omission or knowledge of a party or its agents or employees except specifically in a writing signed by the waiving party.  If any provision is deemed by a court unenforceable or invalid, that provision will be stricken or modified and the remainder of this Agreement will be in full force and effect.
8.6  Counterparts.  This Agreement may be executed in counterparts including PDF and other electronic copies, each of which will be deemed an original and together will constitute the same instrument.
WITH INTENT TO BE BOUND, Advisor and Facebook, by signature of their authorized representatives, have executed this Agreement as of the Effective Date.

Accepted and agreed to by:

	
		
	ADVISOR
Signature: /s/ Chris Cox
Print Name: Chris Cox 
	FACEBOOK, INC.
Signature: /s/ Lori Goler
Print Name: Lori Goler
Title: VP, HR - FacebookExhibit

Duncan McHale
TERMS AND CONDITIONS OF EMPLOYMENT

Employer’s name and address: Evelo Biosciences (UK) Limited of 10 John Street, London, WC1N 2EB (the “Company”)

Employee’s name and address: Duncan McHale of [address] (the “Employee”)

In terms of the Employment Rights Act 1996 (the “Act”) this document gives details of your terms and conditions of employment with the Company together with other workplace information, as at 1 May 2019. It should be read in tandem with the information that is set out in our Staff Handbook which accompanies this letter noting that the Staff Handbook and the policies it contains are non-contractual.

		
	1.
	JOB TITLE AND DUTIES

		
	1.1
	You are employed as Chief Medical Officer with effect from 15 December 2017. Your continuous employment started on this date.

		
	1.2
	You will perform all duties required of you by the board of directors of the Company (the

“Board”).

		
	1.3
	Whilst employed by the Company you must:

		
	(a)
	during your hours of work devote all of your time, attention and abilities to the business of the Company and carry out your duties with due care and attention;

		
	(b)
	not, without the Company’s prior written consent, be in any way directly or indirectly engaged or concerned with any other business or employment (with the exception of Weatherden Limited) whether during or outside your hours of work for the Company;

		
	(c)
	use your best efforts to promote and protect the interests of the Company and its subsidiaries and affiliates (each a “Group Company” and together the “Group”) and observe the utmost good faith towards the Company and the Group; and

		
	(d)
	comply with all the Company’s rules, regulations and policies from time to time in force and any rules which the Company’s clients may require you to observe whilst working on their premises.

		
	2.
	COMMENCEMENT OF EMPLOYMENT

2.1    Your period of continuous employment with the Company commenced on 15 December 2017.

		
	2.2
	No employment with a previous employer counts as part of your period of continuous employment with the Company.

Evelo Biosciences (UK) Limited | 10 John Street, London, WC1N 2EB | www.evelobio.com

		
	3.
	REMUNERATION

		
	3.1
	Your gross basic salary is £306,015 per annum (or such other sum as agreed from time to time). The salary will be paid after deduction of all taxes and national insurance contributions and is payable in equal monthly instalments into your nominated bank account on or around the last working day of each month.

		
	3.2
	Your salary will be reviewed at regular intervals.

		
	3.3
	For the purposes of the Employment Rights Act 1996, sections 13-27, you agree that the Company may deduct from your remuneration any sums due from you to the Company including, without limitation, your pension contributions (if any) and any overpayments, loans or advances made to you by the Company.

		
	3.4
	The Company may, at its absolute discretion pay you an annual, performance-based bonus upon the achievement of certain performance goals determined by the Board from time to time (the “Bonus”). The terms and amount of this Bonus (and whether it is paid in cash or in other forms, such as shares or share options) will be approved from time to time and notified to you by the Board in its sole discretion. In determining whether a bonus is to be paid, and if so the size of that bonus the Board may take into account such factors as it considers, in its absolute discretion, to be appropriate, which may include the anticipated future performance or service and/or past performance of you and/or the Company and/or the Group, although it has no obligation to take any of these factors into account. The bonus will not accrue, nor  will you have any legitimate expectation as to the size or form of the discretionary bonus, until the Company pays it to you. There are no circumstances whether in reliance on express or implied terms or otherwise where you can require pay out of a particular sum or payment in a particular form or claim compensation for loss of such a bonus. Upon the termination of your employment or (if earlier) upon either party giving notice of termination you will have no rights as a result of this Agreement or any alleged breach of it to any compensation under or in respect of any bonus scheme.

		
	4.
	EXPENSES

The Company shall reimburse to you (against receipts or other appropriate evidence as the Company may require) the amount of all out-of-pocket expenses reasonably and properly incurred by you in the proper performance of your duties hereunder in accordance with the Company’s expenses policy in force from time to time.

		
	5.
	NORMAL HOURS OF WORK

		
	5.1
	You will be expected to work a minimum of 40 hours per week during the hours of 8.00am to 8.00pm with such additional hours as are necessary for the performance of your duties.

		
	5.2
	You may from time to time be required to work additional hours in order to properly perform your duties and/or allow the Company to meet its obligations to its clients. You are not entitled to additional remuneration for authorised hours worked in excess of your normal hours.

		
	5.3
	In particular, you agree to work hours that exceed the maximum average weekly working time limit of 48 hours imposed by the Working Time Regulations 1998. You may withdraw your agreement on giving to the Company 3 months’ prior written notice.

		
	6.
	PLACE OF WORK

		
	6.1
	Your normal place of work will be Weatherden Limited, 93 Jack Straws Lane, Oxford, OX3 0DW England but the Company may change your normal place of work on giving you at least one month’s notice of any permanent change to your normal place of work.

		
	6.2
	You may be required to work at any of the Company’s premises or at the premises of its customers, clients, suppliers or associates around the world from time to time.

		
	6.3
	You may be required to work overseas for periods exceeding one month, however there are currently no particulars to be entered in this regard.

		
	7.
	NOTICE

		
	7.1
	The length of prior written notice that you must give the Company in order to terminate your employment is 3 months.

		
	7.2
	The Company must give you 3 months’ notice to terminate your employment.

		
	7.3
	The Company reserves the right in its absolute discretion to terminate your employment immediately either instead of or at any time after notice of termination is given by either party and to make a payment in lieu of notice. For this purpose, pay in lieu of notice will be a sum equal to only your salary that you would have received during the period of notice outstanding on the termination of your employment. For the avoidance of doubt, the Company’s right to make a payment in lieu of notice does not give you a right to receive such a payment in lieu of notice.

		
	7.4
	The Company may, at its absolute discretion, require you not to attend at work and/or not to undertake all or any of your duties hereunder during any period of notice (whether given by the Company or you), provided always that the Company shall continue to pay your salary and contractual benefits. For the avoidance of doubt, there is no obligation on the Company  to provide you with any work during any period of notice and you will not be entitled to work on your own account or on account of any other person, firm or company during that period.

		
	7.5
	The Company may, notwithstanding any other terms of your employment and irrespective of whether the grounds for termination arose before or after your employment began, at any time by notice in writing, terminate your employment with immediate effect (without any prior period of notice, payment in lieu of notice or payment of any Severance Payments) and without compensation if:-

		
	(a)
	if you are convicted of a criminal offence other than one which in the opinion of the Board does not affect your position as an employee of the Company, bearing in mind the nature of your duties and the capacity in which you are employed;

		
	(b)
	you are guilty of any serious default or misconduct in connection with or affecting the business of the Group, commit any serious or repeated breach of your obligations under your employment, are guilty of serious neglect or negligence in the performance of your duties or behave in a manner (whether on or off duty) which is likely to bring the Group into disrepute or which seriously impairs your ability to perform your duties;

		
	(c)
	in the reasonable opinion of the Company, you have failed to substantially perform your duties to the Company (other than such failure resulting from any material illness that you are suffering) (provided that, to the extent such failure can be cured, the Company shall have provided you with at least 30 days’ notice of such failure and you have not remedied the failure in the 30-day period);

		
	(d)
	in the reasonable opinion of the Company, you have failed in any material respect to carry out or comply with any lawful and reasonable directive of the Board consistent with the terms of this Agreement (provided that to the extent such failure can be cured, the Company shall have provided you with at least 30 days’ notice of such failure and you have not remedied the failure in the 30-day period);

		
	(e)
	you are found to be using or under the influence of, or in possession of illegal drugs on the Company’s (or any Group Company’s) premises or while performing your duties under this Agreement;

		
	(f)
	you do not have the right to work in the UK or you lose the right to work in the UK;

		
	(g)
	you are found guilty of misconduct by any applicable regulatory body or tribunal or any successor bodies.

		
	8.
	HOLIDAYS AND HOLIDAY PAY

		
	8.1
	You are entitled, to 28 days’ paid holiday in each holiday year (inclusive of all customary and public holidays recognised by the Company).

		
	8.2
	The Company’s holiday year runs from 1st January to 31st December.

		
	8.3
	If your employment begins or ends part way through the holiday year your holiday entitlement for that year will be assessed on a pro rata basis.

		
	8.4
	On termination of your employment you will be entitled to pay in lieu of any holidays which have accrued to you in the holiday year in which the termination takes place but which you have not taken at that time. The Company may require you to take unused holidays during your notice period. If on the termination of your employment, you have taken holidays in excess of the statutory holiday entitlement which has accrued to you at that time you will be required to repay to the Company holiday pay in respect of those holidays.

		
	8.5
	Holidays must be taken at times agreed by the Company and sufficient notice of a request to take holiday must be given to the Company.

		
	8.6
	All holidays must be taken in the holiday year in which they accrue and cannot be carried over to the next holiday year without the prior consent of the Company.

		
	9.
	SICKNESS OR OTHER ABSENCE

		
	9.1
	If you are absent from work for any reason and your absence has not previously been authorised by the Company you must inform the Company by 9am on your first day of absence.

		
	9.2
	In respect of absence due to sickness, injury or accident that continues for more than 7 consecutive days (including weekends) you must provide the Company with a medical certificate stating the reason for the absence. Thereafter medical certificates must be provided to the Company to cover the remainder of the period of continuing sickness absence. Failure to follow these requirements may result in disciplinary action and loss of Statutory Sick Pay and company sick pay.

		
	9.3
	If you are absent from work due to sickness, injury or accident and comply with the requirements in this Clause you will be paid:

		
	(a)
	Statutory Sick Pay in accordance with the provisions of the applicable legislation. For the purposes of Statutory Sick Pay, the “qualifying days” are Monday to Friday inclusive; and

		
	(b)
	At the discretion of the Board, Company sick pay equal to full salary for the first 2 weeks’ of absence due to sickness or injury in each rolling 12 month period where you satisfy the relevant requirements as set out in the Handbook.

		
	9.4
	Payment of Company sick pay shall be made inclusive of any Statutory Sick Pay payable to you.

		
	9.5
	The Company reserves the right to require you to undergo a medical examination conducted by a doctor nominated by the Company, at the Company’s expense.

		
	9.6
	If the sickness, injury or accident is caused by the act or omission of a third party you must, at the Company’s request, include in any claim for damages against such third party a claim in respect of moneys paid by the Company under this Clause 9.6 and must refund to the Company any damages recovered under that head.

		
	10.
	PENSION ARRANGEMENTS AND OTHER BENEFITS

		
	10.1
	Pensions arrangements

		
	(a)
	During the period of your employment with the Company, the Company will comply at all times with the employer duties under Part 1 of the Pensions Act 2008. Further details are set out in the Benefits Section of the Handbook.

		
	10.2
	Company’s right to terminate pensions arrangements

The Company shall be entitled at any time to terminate the Scheme or your membership of it subject to providing you with membership of an equivalent pension scheme, the benefits of which shall be materially the same as the benefits provided to you under the Scheme.

		
	10.3
	Other Benefits

You will receive a payment of £10,000 per annum in lieu of any private medical and dental expenses insurance, permanent health assurance and life assurance arrangements. This will be paid monthly and will be subject to deductions and appropriate taxation. As and when the Company introduces such benefits plans of its own, you will have the option of either:
		
	a)
	Continuing to receive the £10,000 per annum payment; or

		
	b)
	Discontinuing the £10,000 per annum payment & accepting benefits provided by the company that will be described in the Benefits Section of the Handbook. The Company reserves the right to alter or amend its employee benefit programs at any time.

		
	11.
	CONFIDENTIALITY

You must not (except in the proper performance of your duties) while employed by the Company or at any time (without limit) after the date on which your employment with the Company terminates:

		
	(a)
	divulge or communicate to any person;

		
	(b)
	use for your own purposes or for any purposes other than those of the Company or, as appropriate, any of its clients; or

		
	(c)
	through any failure to exercise due care and diligence, cause any unauthorised disclosure of;

any trade secrets or confidential information relating to the Company or any Group Company or any of its clients. You must at all times use your best endeavours to prevent publication or

disclosure of any trade secrets or confidential information. These restrictions shall cease to apply to any information which shall become available to the public generally otherwise than through the default by you.

		
	12.
	DATA PROTECTION

		
	12.1
	You are required to comply with our data protection policy, as set out in the Handbook, when handling personal data in the course of employment including personal data relating to any employee, customer, client, supplier or agent of the Company.

		
	12.2
	For the purpose of compliance with the Data Protection Act 2018 and General Data Protection Regulations (EU) 2016/679  (collectively the Data Protection Legislation), the Company, may process your personal data in order for us to meet our obligations under these terms of employment, more specifically:

		
	(a)
	for the processing of payroll;

		
	(b)
	for the establishment, and maintenance of any benefits available to you under these terms of employment;

		
	(c)
	for advice we may require from our professional advisers in relation to your employment;

		
	(d)
	to comply with our obligations under any insurance policy we may have in relation to your employment;

		
	(e)
	to meet any statutory and / or regulatory reporting obligations, we have with respect to your employment; and

		
	(f)
	where, due to any accident or injury, whether suspected or actual, in the course of your employment, we are required to make a report to any emergency, or health services, including their respective insurers.

		
	12.3
	Special Category Personal Data and Personal Data have specific meanings under the Data Protection Legislation. Where the Company is required to process any Special Category Personal Data or transfer any Personal Data outside of the European Economic Area, we will provide you with a separate consent document for your consideration before we process of transfer your data.

		
	12.4
	The Company has a privacy policy which applies to your employment, and this is set out in the Handbook.

		
	13.
	COMPANY AND CLIENT PROPERTY

All equipment (including computer equipment), notes, memoranda, records, lists of customers, suppliers and employees, correspondence, computer and other discs or tapes, data listings, codes, keys and passwords, designs, drawings and other documents or material whatsoever (whether made or created by you or otherwise and in whatever medium or format) relating to the business of the Company or a group company or any of its or their clients (and any copies of the same) shall:

		
	(a)
	be and remain the property of the Company or the relevant client; and

		
	(b)
	be handed over by you to the Company on demand and in any event on the termination of your employment.

		
	14.
	SEVERANCE PAYMENTS

		
	14.1
	In this Clause 14, unless the context otherwise requires, “Change in Control” means a “Change in Control” as defined in the Company’s 2018 Incentive Award Plan.

		
	14.2
	If your employment with the Company is terminated by the Company other than pursuant to Clause 7.5, then subject to the following conditions of this Clause 14 and in addition to any entitlement you may have to prior notice of termination of employment under Clause 7, you will be entitled to the following payments and benefits (each a “Severance Entitlement”):-

		
	(a)
	if there has not been a Change in Control in the period of 12 months before the date of termination of the employment (the “Termination Date”), you shall be entitled to the payment of:

		
	(i)
	6 months’ basic salary, paid in equal instalments in accordance with the Company’s ordinary payroll practices over the 6 months following the Termination Date; and

		
	(ii)
	Either £7,500 in lieu of the continuation of any contractual benefits, paid in equal instalments in accordance with the Company’s ordinary payroll practices OR continuation of all employee benefits as described in the Benefits section of the Handbook over the 6 months following the Termination Date.

		
	(b)
	if there has been a Change in Control in the period of 12 months before the Termination Date, you shall be entitled to the following payments and benefits:

		
	(i)
	all unvested equity or equity-based awards under any Company equity compensation plans that vest solely based upon the passage of time shall immediately become 100% vested on the Termination Date (for the avoidance of doubt, with any such awards that vest in whole or in part based upon the attainment of performance vesting conditions being governed by the terms of the applicable award agreement);

		
	(ii)
	9 months’ basic salary, paid in equal instalments in accordance with the Company’s ordinary payroll practices over the 9 months following the Termination Date;

		
	(iii)
	100% of your target annual bonus for the year in which the Termination Date occurs, paid in equal instalments in accordance with the Company’s ordinary payroll practices over the 9 months following the Termination Date; and

		
	(iv)
	Either £10,000 in lieu of the continuation of any contractual benefits, paid in equal instalments in accordance with the Company’s ordinary payroll practices OR continuation of all employee benefits as described in the Benefits section of the Handbook over the 9 months following the Termination Date.

		
	14.3
	The Severance Entitlements are together in full and final settlement of all and any rights and claims that you may have against the Company or any Group Company (as defined in clause

15) arising out of your employment or the termination of your employment (including both contractual and statutory employment claims). You agree to waive, release and discharge any and all such rights and claims and acknowledge that it is a condition of the payment or provision of the Severance Entitlements that you will execute a settlement agreement (and any other documents reasonably required by the Company) in a form reasonably acceptable to the Company in order to give effect to the release and waiver in this Clause 14.3.

		
	14.4
	You acknowledge that the Company has agreed to the terms of this Clause 14 in reliance on the undertakings that you have given in Clauses 11 and Clause 15. If you are in breach of any of the terms of Clause 11 or Clause 15, then you will have no entitlement to any Severance Entitlement; and if your beach of any of the terms of Clause 11 or Clause 15 occurs after any payment of provision to you of any Severance Entitlement then you will repay to the Company, immediately upon demand by the Company, the value of all of the Severance Entitlements received by you and the Company shall be entitled to recover the same as a debt.

		
	15.
	RESTRICTIONS AFTER TERMINATION

		
	15.1
	Definitions

Since you are likely to obtain confidential information relating to the Company and its business in the course of your employment and personal knowledge of and influence over suppliers, customers, clients and employees of the Company and Group Companies, you hereby agree with the Company that in addition to the other terms of this Agreement and without prejudice to the other restrictions imposed upon you by law, you will be bound by the covenants and undertakings contained in Clauses 15.2 to 15.7. In this Clause 14, unless the context otherwise requires:

“Customer”    means any person to which the Company distributed, sold or
supplied Restricted Products or Restricted Services during the Relevant Period and with which, during that period either you, or any employee under your direct or indirect supervision, had material dealings in the course of your employment, but always excluding therefrom, any division, branch or office of such person with which you and/or any such employee had no dealings during that period;
		
	“Group”
	means together or separately the Company, any holding company or undertaking of the Company and any subsidiaries

and subsidiary undertakings of the Company or such holding company or undertaking from time to time (and the words “subsidiary” and “holding company” shall have the meanings given to them in section 1159 in the Companies Act 2006;
“Group Company”    means any company within the Group;
		
	“Prospective Customer”
	means any person with which the Company had discussions during the Relevant Period regarding the possible distribution, sale or supply of Restricted Products or Restricted Services and with which during such period you, or any employee who was under your direct or indirect supervision, had material dealings in the course of your employment, but always excluding therefrom any division, branch or office of that person with which you and/or any such employee had no dealings during that period;

“Relevant Period”    means: (i) where your employment is continuing, the period of
your employment; and (ii) where your employment has terminated, the period of twelve months immediately preceding the Termination Date;
“Restricted Area”    means:
		
	(a)
	England, Scotland, Wales; and

		
	(b)
	any other country in the world where, on the Termination Date, the Company dealt in Restricted Products or Restricted Services;

		
	“Restricted Employee”
	means any person who was a director, employee or consultant of the Company at any time within the Relevant Period who by reason of that position and in particular his seniority and expertise or knowledge of confidential information or knowledge of or influence over the clients, customers or contacts of the Company is 

likely to cause damage to the Company if he were to leave the employment of the Company and become employed by a competitor of the Company;
“Restricted Period”    means the period commencing on the Termination Date and,
subject to the terms of Clause 15.4, continuing for 12 months;
“Restricted Products”    means any products, equipment or machinery researched into,
developed, manufactured, supplied, marketed, distributed or sold by the Company and with which your duties were materially concerned or for which you were responsible during the Relevant Period, or any products, equipment or machinery of the same type or materially similar to those products, equipment or machinery;
“Restricted Services”    means any services researched into, developed or supplied by
the Company and with which your duties were materially concerned or for which you were responsible during the Relevant Period, or any services of the same type or materially similar to those services;
“Supplier”    means any supplier, agent, distributor or other person who,
during the Relevant Period was in the habit of dealing with the Company and with which, during that period, you, or any employee under your direct or indirect , had material dealings in the course your employment.
		
	15.2
	Restrictive covenants

Both during your employment and during the Restricted Period, you will not, without the prior written consent of the Company (such consent not to be unreasonably withheld), whether by yourself, through your employees or agents and whether on your own behalf or on behalf of any person, directly or indirectly:

		
	(a)
	so as to compete with the Company, solicit business from or canvas any Customer or Prospective Customer in respect of Restricted Products or Restricted Services;

		
	(b)
	so as to compete with the Company, accept orders from, act for or have any business dealings with, any Customer or Prospective Customer in respect of Restricted Products or Restricted Services;

		
	(c)
	within the Restricted Area, be employed or engaged in that part of a business or person which is involved in the business of researching into, developing, manufacturing, distributing, selling, supplying or otherwise dealing with Restricted Products or Restricted Services, if the business or person is or seeks to be in competition with the Company. For the purposes of this sub-clause, acts done by the you outside the Restricted Area shall nonetheless be deemed to be done within the Restricted Area where their primary purpose is to distribute, sell, supply or otherwise deal with Restricted Products or Restricted Services in the Restricted Area;

		
	(d)
	solicit or induce or endeavour to solicit or induce any person who was a Restricted Employee (and with whom you had dealings during the Relevant Period) to cease working for or providing services to the Company, whether or not any such person would thereby commit a breach of contract;

		
	(e)
	employ or otherwise engage any Restricted Employee in the business of researching into, developing, manufacturing, distributing, selling, supplying or otherwise dealing with Restricted Products or Restricted Services if that business is, or seeks to be, in competition with the Company; or

		
	(f)
	solicit or induce or endeavour to solicit or induce any Supplier to cease to deal with the Company and shall not interfere in any way with any relationship between a Supplier and the Company.

		
	15.3
	Application of restrictive covenants to other Group Companies

Clause 15.2 shall also apply as though references to the “Company” in Clauses 15.1 and 15.2 include references to each Group Company in relation to which you have in the course of your employment or by reason of rendering services to or holding office in such Group Company:

		
	(a)
	acquired knowledge of its products, services, trade secrets or confidential  information; or

		
	(b)
	had personal dealings with its Customers or Prospective Customers; or

		
	(c)
	supervised directly or indirectly employees having personal dealings with its Customers or Prospective Customers;

but so that references to the “Company” shall for this purpose be deemed to be references to the relevant Group Company. The obligations undertaken by you pursuant to this Clause 15.3 shall, with respect to each Group Company, constitute a separate and distinct covenant in favour of and for the benefit of each Group Company and which shall be enforceable either by the particular Group Company or by the Company on behalf of the Group Company and the invalidity or unenforceability of any such covenant shall not affect the validity or enforceability of the covenants in favour of any other Group Company.

		
	15.4
	Effect of suspension on Restricted Period

If the Company exercises its right to suspend the your duties and powers under Clause 7.4 after notice of termination of your employment has been given, the aggregate of the period of the suspension and the Restricted Period shall not exceed 12 months and if the aggregate of the two periods would exceed 12 months, the Restricted Period shall be reduced accordingly.

		
	15.5
	Further undertakings

You hereby undertake to the Company that you will not at any time:

		
	(a)
	during your employment or after the Termination Date engage in any trade or business or be associated with any person engaged in any trade or business using any trading names used by the Company or any Group Company including the name(s) or incorporating the word(s) “Evelo Biosciences” ;

		
	(b)
	after the Termination Date make any public statement in relation to the Company or any Group Company or any of their officers or employees; or

		
	(c)
	after the Termination Date represent or otherwise indicate any association or connection with the Company or any Group Company or for the purpose of carrying on or retaining any business represent or otherwise indicate any past association with the Company or any Group Company.

		
	15.6
	Protection of Company reputation

You undertake that, you will not at any time during your employment and at any time (without limit) after the Termination Date make or publish or cause to be made or published to anyone in any circumstances any disparaging remarks concerning the Company or any Group Company or any of its or their respective shareholders, officers, employees or agents.

		
	15.7
	Employment Offer

In the event that you receive an offer of employment or request to provide services either during your employment or during the terms of the Restrictive Period set out in Clause 15.1, you shall:

		
	(a)
	provide immediately to such person, company or other entity making such an offer or request a full and accurate copy of the Restrictive Covenants set out at Clause 15 of this Agreement; and

		
	(b)
	notify the Company within 3 working days of receipt of the offer and the identity of the person, company or other entity making the offer.

		
	15.8
	Severance

The restrictions in this Clause 15 (on which you have had the opportunity to take independent advice, as you hereby acknowledge) are separate and severable restrictions and are considered by the parties to be reasonable in all the circumstances. It is agreed that if any such restrictions, by themselves, or taken together, shall be adjudged to go beyond what is reasonable in all the circumstances for the protection of the legitimate interests of the Company or a Group Company but would be adjudged reasonable if some part of it were deleted, the relevant restriction or restrictions shall apply with such deletion(s) as may be necessary to make it or them valid and enforceable.

		
	16.
	GRIEVANCE AND DISCIPLINARY MATTERS

		
	16.1
	The Company’s disciplinary and grievance procedure is set out in the Staff Handbook. 

		
	16.2
	If you have any grievance relating to your employment you may apply in writing to any director of the Company.

		
	16.3
	The director will consider your grievance and report to you within 7 days of the date when the grievance was raised.

		
	16.4
	If that report is not acceptable to you, you may then, within 7 days of receipt by you of the report, refer the matter in writing to CEO who will notify you of their decision within 14 days and whose decision will be final and binding.

		
	16.5
	If you are dissatisfied with any decision of the Company regarding any disciplinary matter, you may apply in writing to the CEO within 5 days of the decision to have that decision re- considered in accordance with the Company’s appeals procedure. The appeals procedure is  set out in full in the staff handbook.

		
	16.6
	The grievance, disciplinary and appeals procedures are not contractually binding on the Company and the Company may alter them, or omit any or all of their stages where it considers it appropriate.

		
	17.
	COLLECTIVE AGREEMENTS

There are no collective agreements applicable to you or which affect your terms of employment.

		
	18.
	CHANGES TO TERMS OF EMPLOYMENT

		
	18.1
	The Company reserves the right to make changes to any of your terms and conditions of employment.

		
	18.2
	You will be given not less than one month’s written notice of any significant changes that may be given by way of an individual notice. Such changes will be deemed to be accepted unless you notify the Company of any objection in writing before the expiry of the notice period.

		
	19.
	PREVIOUS CONTRACTS

The contractual terms in this Statement shall be in substitution for all or any existing contracts of employment entered into between you and the Company which cease to have effect on the date upon which you commence work under this Statement.

		
	20.
	CONDITIONS TO EMPLOYMENT AND CONTINUED EMPLOYMENT

		
	20.1
	It is a condition of your employment with the Company that you are and remain legally entitled to reside and work in the United Kingdom. You confirm that you are legally entitled to work in the United Kingdom without holding a work permit. Should it be discovered that you do not have permission to live and work in the United Kingdom or if any such permission is revoked, the Company reserves the right to terminate your employment forthwith without notice or pay in lieu of notice and without referring to the warning stages of the Company’s disciplinary procedure.

		
	21.
	PRIVACY OF COMMUNICATION

		
	21.1
	All communications, whether by telephone, email, fax, or any other means, which are transmitted, undertaken or received using the Company’s IT or communications systems (“Company Systems”) or on Company premises will be treated by the Company as work related. The Company Systems are provided for your work use only. You agree that the  Company may intercept, record and monitor all communications made by you and your use of the Company Systems without further notice. You should not regard any communications or use as being private.

		
	21.2
	The interception, recording and monitoring of communications is intended to protect the Company’s business interests for example, for the purposes of quality control, security of the Company Systems, protection of the Company’s confidential information and legitimate business interests, record-keeping and evidential requirements, detection and prevention of criminal activity or misconduct and to assist the Company to comply with relevant legal requirements.

		
	21.3
	You acknowledge and agree that all communications, data, records and files stored on the Company Systems or on the Company’s premises may be used as evidence in disciplinary or legal proceedings against you.

		
	22.
	GOVERNING LAW AND JURISDICTION

This Statement is governed by and to be construed in accordance with English law and any dispute is subject to the non-exclusive jurisdiction of the English courts.

IN WITNESS of which this Agreement has been executed and delivered as a deed on the first date written above.

EXECUTED as a Deed    _/s/ Jonathan Poole_________________
by EVELO BIOSCIENCES    Director
(UK) LIMITED acting by 
Jonathan Poole
Director    

Witness’s
		
	Signature:
	_/s/ Daniel S. Char__________________

		
	Full Name:
	Daniel S. Char

		
	Address:
	620 Memorial Drive

Cambridge, Massachusetts 02139
United States of America

EXECUTED as a Deed
by DUNCAN MCHALE    _/s/ Duncan McHale__________________
in the presence of:

Witness’s
Signature:    _/s/ Nicholas Spicer-Hale_____________
Full Name:    Nicholas Spicer-Hale
Address:    [address]

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