Document:

Exhibit 10.20

 

Investment Cooperation Agreement

 

Investor: Shenzhen
Mingyuan Investment Holdings Co., Ltd. (Hereinafter referred to as party A)

Legal Representative:
Chen Xiaoxuan

 

Original shareholder:
Shenzhen Jiana Technology Co., Ltd. (Hereinafter referred to as party B)

Legal Representative:
Zhu Fengzhen

 

Target company: Dongyuan
Mingyuan Tianyuan Investment Co., Ltd.

Registered address:
In the courtyard of Shuntian Town Government, Dongyuan County, Heyuan City

(Hereinafter referred
to as Mingyuan tianyuan Company)

Legal representative:
Zhou Qian

 

According to the
relevant laws and regulations of the People’s Republic of China, The following clauses of this agreement are hereby made for
the parties to comply with:

 

Article 1 Investment
Conditions

 

1. Mingyuan
Tianyuan Company is a limited liability company established in accordance with the laws of the People’s Republic of China,The
registered capital is RMB 20 million, and the subscription system is used;

 

2.The
shareholders of Mingyuan Tianyuan Company agreed that the company would introduce Party A as a strategic investor and the company
would invest in expansion.

 

Article 2 Subscription
for Capital Increase

 

1.
Party B agrees that the registered company’s registered capital will be increased from RMB 20 million to RMB 55
million.Subscription system.

 

2. Party A decided
to invest 35.75 million yuan in Mingyuan Tianyuan Company, accounting for 65% of the equity of Mingyuan Tianyuan Company.
Party B decided to invest 19.25 million yuan in Mingyuan Tianyuan Company, accounting for 35% of the equity of Mingyuan
Tianyuan Company.

 

     

     

    

 

3.
After all subscriptions for this capital increase have been completed, both parties A and B should complete the capital
contribution within the time required for industrial and commercial registration.

 

4
After the investor becomes a shareholder of the company, he shall enjoy all shareholders’ rights in accordance with the provisions
of the law, this agreement and the articles of association and assume corresponding shareholder obligations;

 

5.
All parties agree that the entire investment made by the investor in the target company shall only be used for the investment
in the rural complex project of the target company, platform technology development and operation, product operation or other
purposes approved by the company’s board of directors by special resolutions, and shall not be used to repay the company,or
other purposes, such as shareholder debts, may not be used for non-operating expenses or other operating expenses that are
not related to the company’s main business; they may not be used for risky investment businesses such as entrusted loans and
futures trading.

 

Article 3 Change
of Registration Procedures

 

1.
The subject company is responsible for completing the corresponding business registration change procedures;

 

2、The
company shall provide the industrial and commercial registration formalities within 30 working days after the funding of Party
A is in place after the signing of this agreement.

 

3、The
expenses required for the registration of industrial and commercial changes or the filing procedures shall be borne by the subject
company.

 

Article 4 Rights
and Interests of Investors

 

1、All
parties agree that the investor has the right to know and monitor the company’s operation and management as a shareholder, and
the company shall provide the investor with relevant materials and information on time;

 

2、Party
A assigns shareholders to enter the target company’s corporate legal representative, and organizes the management of the target
company.

 

    2

     

    

 

Article 5 Possession
and Use of Intellectual Property

 

1.
Original shareholders and the target company jointly promise and guarantee that, except as otherwise provided in this
agreement, when this agreement is signed and after this agreement is signed, the target company is the only legal owner of
the company’s name, brand, trademark and patent, product name and brand, website Name, domain name, proprietary
technology, various business licenses and other related intellectual property rights. The above intellectual property rights
have been approved or filed by the relevant government departments. The legal measures taken to protect the intellectual
property rights have been approved or filed by government departments, and relevant fees have been paid on time to ensure the
continued validity of their rights.

 

2.
The original shareholder and the target company jointly promise and guarantee that at the time of this agreement signing and
after the signing of this agreement, any technology and marketing related to the target company and its projects and products
must be approved or authorized by the target company.

 

Article 6 Debt and
contingent debt: The founding shareholders and the target company promise and guarantee that, apart from having disclosed to
the investor, the target company has not signed any external guarantee documents, and there are no other undisclosed debts.

 

Article 7 Guarantees
and Commitments

 

The parties hereto declare, guarantee and
promise separately, but not jointly:

 

1、It
is a legal entity formally established and effectively existing in accordance with Chinese law.

 

2、It
has all, sufficient and rights and authorizations to sign and perform this agreement, and has the capacity to sign this agreement
in accordance with Chinese law.

 

3、It
guarantees that all documents and materials provided by it for the signing of this agreement are true, valid and complete.

 

4、The
representative who signed this agreement has been fully authorized to sign this agreement based on a valid power of attorney or
a valid legal representative certificate.

 

5.
It has fully, detailed and timely disclosed all relevant information and materials related to this transaction and required
to be understood and mastered by all parties, without major omissions, misleading and fictions.

 

    3

     

    

 

Article 8 Notification
and Service

 

1.
The parties to the agreement agree that any notice related to this agreement shall be valid in writing to the party. Forms
include but are not limited to: fax, courier, mail, email.

 

2.
The delivery method of notice is subject to the reserved information of the contracting parties.

 

Article 9 Breach
of contract and its liability

 

1.
After this agreement takes effect, all parties shall perform their obligations in a comprehensive, appropriate and timely
manner in accordance with the provisions of this agreement and all the annexes and schedules.If any party to this agreement
violates this agreement, including all the annexes and schedules, the violation constitutes a breach of contract.

 

2、The
parties agree that, unless otherwise agreed in this agreement, the penalty for this agreement is 5% of the total investment of
the investor.

 

3、In
the event of a breach of contract, the breaching party shall pay breach of contract damages to the defending party, and compensate
the contractor for the losses caused by the breach of the contract and the reasonable costs paid by the defending party to recover
the losses, including but not limited to attorney fees, property Security fee, etc.;

 

4.
Payment of liquidated damages does not affect the right of the defaulting party to claim the defaulting party to compensate
for the loss, continue to perform the agreement or terminate the agreement.

 

Article 10 Change,
Cancellation and Termination of the Agreement

 

1.
Any amendments or changes to this agreement shall be negotiated separately by the parties to the agreement, and the amendments
and changes shall be jointly signed to become effective.

 

2.
This agreement is terminated under the following circumstances:

 

1
  Dismissed by consensus of the parties.

 

‚ If
either party has breached the contract and fails to make corrections within 30 days from the date on which the
contracting party sends a written notice requesting correction, or there are two or more breaches, the contracting party has
the right to unilaterally terminate this agreement.

 

l
This agreement cannot be performed due to force majeure.

 

    4

     

    

 

3、The
party that proposes to terminate the agreement shall notify the other parties in writing, and the notice shall take effect when
it reaches the other parties.

 

4、The
termination of this agreement will not affect the rights of the observing party to require the defaulting party to pay liquidated
damages and compensate for losses.

 

5.
Unless the parties to this agreement have reached consensus and reached a written agreement, no party may transfer its rights
and obligations under this agreement or all and / or part of this agreement.,

 

Article 11 Dispute
Resolution

 

1、The
validity, interpretation and performance of this agreement shall be governed by the laws of the People’s Republic of China.

 

2、Any
disputes between the parties to this agreement due to this agreement shall first be resolved through friendly negotiation. If the
negotiation fails, either party may submit the dispute to the Shenzhen Arbitration Commission for arbitration. The arbitral award
is final and binding on the parties.

 

3.
During the arbitration procedure under this article, this agreement shall remain in full force in all aspects except the arbitration
matters. Except for the obligations involved in the arbitration matters, the parties shall continue to perform their obligations
under this agreement and Exercise its rights under this agreement.

 

Article 12 Supplementary
Provisions

 

1、Unless
otherwise stipulated in this Agreement, each party shall pay its own costs and expenses related to the negotiation, drafting, signing,
and implementation of this agreement and the documents referred to in this Agreement. Relevant company capital increase approval,
capital verification, audit, business change registration Such costs are borne by the company.

 

2、The
matters not covered in this agreement, the parties may sign additional documents, which are an integral part of this agreement
and have the same legal effect as this agreement.

 

    5

     

    

 

3、This
agreement was established and entered into force after being signed and sealed by each party. This agreement is written in Chinese,
in quadruplicate, each party holds one, and the rest are filed by the target company, each of which has equal legal effect.

 

(No text below)

 

March 2019 in Shenzhen, China

 

 

6EX-10.15

 Exhibit 10.15 

Beam Therapeutics Inc. 

September 25, 2019 

Terry-Ann Burrell 
 Dear
Terry-Ann, 
 This letter agreement (this “Agreement”) confirms the terms and
conditions of your employment with Beam Therapeutics Inc. (the “Company”), effective as of the day prior to the date on which the Company becomes subject to the reporting obligations of Section 12 of the Securities Exchange Act
of 1934, as amended (the “Effective Date”). 
 1. Position. Your position with the Company will be Chief Financial
Officer (CFO). You agree to perform the duties of your position and such other duties as may be assigned to you from time to time by the Company. You will report to the President & CEO of the Company. You will be expected to devote your
full business time and your best professional efforts to the performance of your duties and responsibilities for the Company and its affiliates and to abide by all policies, practices and procedures of the Company and all codes of ethics or business
conduct applicable to your position, as in effect from time to time. As this is a full-time role, it is understood and agreed that you will not engage in additional employment, consulting or other business activities (whether full-time or part-time)
without prior written consent. 
 2. Salary. The Company will pay you an annual base salary of $400,000 payable in accordance with the
Company’s standard payroll schedule (“Base Salary”). This salary will be subject to periodic review and adjustments at the discretion of the Compensation Committee (the “Committee”) of the Board of Directors of
the Company (the “Board”). 
 3. Bonus Eligibility. You are eligible to receive an annual performance bonus with a
target of 40% of your Base Salary. The actual amount of your annual performance bonus will be determined by the Committee in its discretion and will be subject to the Committee’s assessment of your performance, as well as business conditions at
the Company. As a condition to receiving any such bonus, you must continue to be employed with the Company through the date that such bonus is to be paid. For 2019, your bonus is guaranteed in full and will not be subject to pro-ration. 

 4. Benefits; Expense Reimbursement; Commuter Expenses. 

(a) You will be eligible to participate in such benefits programs as the Company shall maintain from time to time in accordance with the terms
of such plans to the same extent as, and subject to the same terms, conditions and limitations applicable to, other employees of the Company of similar rank and tenure. 

(b) In accordance with the Company’s policies and procedures, you will be entitled to reimbursement of all reasonable and properly
documented expenses incurred by you in the performance of your duties that are approved by the Company. 
 (c) The Company will not require
you to relocate permanently to the Cambridge, Massachusetts area and shall reimburse you for all reasonable and properly documented commuting expenses and reasonable housing accommodations incurred by you in connection with your commute to
Cambridge, Massachusetts from New York. The Company will also furnish you will short-term temporary housing for the first three (3) months of your employment with the Company. All payments contemplated by this Section 5(c) are subject to
legally required tax withholdings. All taxable reimbursed expenses will be included in your income and will be grossed up accordingly. 
 5.
Representation Regarding Other Obligations. As a condition of your employment, you entered into an Employee Non-Solicitation, Confidentiality and Assignment Agreement between you and the Company, dated
June 24, 2019 (the “the Employee Non-Solicitation, Confidentiality and Assignment Agreement”), which shall remain in full force and effect following the Effective Date. You represent that
you are not subject to any confidentiality, non-competition or other agreement that restricts your employment activities or that may affect the performance of your obligations to the Company under this
Agreement. You further represent that you have not used and agree that you will not use or disclose on behalf of the Company any trade secret or other confidential or proprietary information of any previous employer or any other party without that
party’s consent. 
 6. Taxes. All forms of compensation referred to in this Agreement are subject to reduction to reflect
applicable withholding and payroll taxes and other deductions required by law. You hereby acknowledge that the Company does not have a duty to design its compensation policies in a manner that minimizes your tax liabilities, and you will not make
any claim against the Company or the Board related to tax liabilities arising from your compensation. 
 7. Interpretation, Amendment and
Enforcement. This Agreement and the Employee Non-Solicitation, Confidentiality and Assignment Agreement constitute the complete agreement between you and the Company, contain all the terms of your
employment with the Company and supersede any prior agreements, representations or understandings (whether written, oral or implied) between you and the Company related to the subject matter of this Agreement, including the Offer Letter by and
between you and the Company dated May 20, 2019, which as of the Effective Date shall terminate and be of no further force or effect. The terms of this Agreement and the resolution of any disputes as to the meaning, effect, performance or
validity of this 

  
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Agreement or arising out of, related to, or in any way connected with, this Agreement, your employment with the Company or any other relationship between you and the Company (the
“Disputes”) will be governed by laws of the Commonwealth of Massachusetts, excluding laws relating to conflicts or choice of law. You and the Company submit to the exclusive personal jurisdiction of the federal and state courts
located in the Commonwealth of Massachusetts regarding any Dispute or any claim related to any Dispute. 
 8. Termination of Employment;
Change in Control. It is understood that you are an “at-will” employee. Either you or the Company may terminate the employment relationship at any time and for any reason, with or without Cause
or prior notice and without additional compensation to you, subject to the following: 
 (a) the Company may terminate your employment for
Cause (as defined below) upon written notice to you effective immediately, in which case you will not be entitled to receive any form of payment other than your earned salary and accrued but unused vacation through your date of termination (the
“Accrued Obligations”): 
 (b) you may terminate your employment voluntarily other than for Good Reason (as defined below)
upon at least thirty (30) days’ prior written notice to the Company, in which case you will not be entitled to receive any form of payment other than the Accrued Obligations; and 

(c) the Company may terminate your employment without Cause upon written notice to you effective immediately, provided and notwithstanding the
foregoing, in the event that the Company terminates your employment without Cause, then, subject to you entering into and complying with a separation agreement and general release in a form provided by the Company that becomes fully effective (due
to its timely execution and non-revocation) within sixty (60) days of the termination of your employment (such requirements, the “Release Requirements”), which may include noncompetition
provisions consistent with the noncompetition provisions set forth in the Employee Non-Solicitation, Confidentiality and Assignment Agreement, in addition to Accrued Obligations, you will be entitled to:
(i) payment of an amount equal to nine (9) months of your then Base Salary as of the date of termination, such amount to be paid in equal installments over a nine (9) month period after the date of your termination in accordance with
the Company’s usual payroll practices and periods, and (ii) provided you timely elect and remain eligible for coverage pursuant to Part 6 of Title I of ERISA, or similar state law (collectively, “COBRA”), payment or
reimbursement to you of an amount equal to monthly COBRA premiums at the same rate as the Company pays for active employees for you and your eligible dependents until the earlier of nine (9) months or the date you become eligible for coverage
under a subsequent employer’s medical plan, subject to applicable COBRA terms and in compliance with applicable non-discrimination or other requirements under the Internal Revenue Code of 1986, as amended
(the “Code”), the Patient Protection and Affordable Care Act, and the Health Care and Education Reconciliation Act (collectively the “Severance Payments”). In the interest of clarity, other than as provided in
Section 5(d) hereof, in the event your employment is terminated as a result of your (1) death, (2) disability, (3) resignation, or (4) termination for Cause by the Company, you will be entitled to the Accrued Obligations but you
will not be entitled to the Severance Payments or any other compensation. 

  
 3 

 (d) In the event that, within the twelve (12) month period that immediately follows or
the thirty (30) day period immediately prior to a Change in Control (as defined below), your employment with the Company is terminated by the Company without Cause or as a result of your resignation for Good Reason, then subject to your
compliance with the Release Requirements and in lieu of the Severance Payments, you will be entitled to: (1) an amount equal to twelve (12) months of your then Base Salary as of the date of termination, such amount to be paid in equal
installments over a twelve (12) month period after the date of your termination in accordance with the Company’s usual payroll practices and periods; (2) an amount equal to your target annual performance bonus amount for the year your
employment is terminated, payable within sixty (60) days following the last day of your employment; (3) provided you timely elect and remain eligible for COBRA coverage, payment or reimbursement to you of an amount equal to monthly COBRA
premiums at the same rate as the Company pays for active employees for you and your eligible dependents until the earlier of twelve (12) months or the date you become eligible for coverage under a subsequent employer’s medical plan,
subject to applicable COBRA terms and in compliance with applicable non-discrimination or other requirements under the Internal Revenue Code of 1986, as amended (the “Code”), the Patient
Protection and Affordable Care Act, and the Health Care and Education Reconciliation Act (collectively, the “CIC Severance Payments”) and (4) immediate vesting of the then unvested portion of any outstanding equity awards then
held by you (together with the CIC Severance Payments, the “CIC Severance Benefits”). In the interest of clarity, in the event your employment is terminated within the twelve (12) month period that immediately follows or the
thirty (30) day period immediately prior to a Change in Control as a result of your resignation without Good Reason or termination for Cause by the Company, you will be entitled to the Accrued Obligations but you will not be entitled to
the CIC Severance Benefits or any other compensation. 
 (e) For purposes of this Agreement: 

“Cause” means: (i) your dishonest statements or acts with respect to the Company or any affiliate of the Company, or any
current or prospective customers, suppliers, vendors or other third parties with which such entity does business that results in or is reasonably anticipated to result in material harm to the Company; (ii) your commission of (A) a felony
or (B) any misdemeanor involving moral turpitude, deceit, dishonesty or fraud; (iii) your failure to perform your assigned duties and responsibilities to the reasonable satisfaction of the Company which failure continues, in the reasonable
judgment of the Company, for thirty (30) days after written notice given to you by the Company describing such failure in reasonable detail; (iv) your gross negligence, willful misconduct or insubordination with respect to the Company that
results in or is reasonably anticipated to result in harm to the Company; or (v) your material violation of any provision of any agreement between you and the Company, including this Agreement or any agreement relating to noncompetition, non-solicitation, nondisclosure and/or assignment of inventions. 

  
 4 

 “Change in Control” means (i) any sale of the equity securities of
Company to any person or persons acting in concert after which the shareholders of the Company as of immediately prior to such sale in their capacity as such no longer own a majority of the outstanding equity securities of the Company (or its
successor); (ii) any sale of all or substantially all of the assets or capital stock of the Company (other than in a spin-off or similar transaction) or (iii) any other acquisition of the business of the
Company, as determined by the Board in its sole discretion. For the avoidance of doubt, in no event shall (i) a bona fide equity or debt financing of the Company, including a financing in which greater than 50% of the Company’s outstanding
equity securities are acquired by a third-party, or reorganization required to affect, or otherwise undertaken in connection with, an initial public offering or (ii) the acquisition of equity securities by parties not acting in concert in
connection with any public offering of the equity securities of the Company or any affiliate of the Company, be deemed a “Change in Control” for purposes of this letter. 

“Good Reason” means that you have complied with the Good Reason Process (hereinafter defined) following the occurrence of any
of the following events: (i) a material diminution in your responsibilities, authority or duties; (ii) a diminution in your Base Salary; or (iii) change of more than fifty (50) miles in the geographic location at which you
provide services to the Company (each a “Good Reason Condition”). Notwithstanding the foregoing, a suspension of your responsibilities, authority and/or duties for the Company during any portion of a bona fide internal investigation
or an investigation by regulatory or law enforcement authorities shall not be a Good Reason Condition. “Good Reason Process” shall mean that (i) you reasonably determine in good faith that a Good Reason Condition has occurred;
(ii) you notify the Company in writing of the occurrence of the Good Reason Condition within thirty (30) days of the occurrence of such condition; (iii) you cooperate in good faith with the Company’s efforts, for a period not
less than thirty (30) days following such notice (the “Cure Period”), to remedy the Good Reason Condition; (iv) notwithstanding such efforts, the Good Reason condition continues to exist; and (v) you terminate
employment within thirty (30) days after the end of the Cure Period. If the Company cures the Good Reason Condition during the Cure Period, Good Reason shall be deemed not to have occurred. 

(f) The Severance Payments or CIC Severance Payments, as applicable, shall commence within sixty (60) days after the date of termination
of your employment hereunder and shall be made on the Company’s regular payroll dates; provided, however, that if the sixty- (60-) day period begins in one calendar year and ends in a second calendar
year, the Severance Payments or CIC Severance Payments, as applicable, shall begin to be paid in the second calendar year. In the event a regular payroll period is missed between the date of the termination of your employment hereunder and first
payment date, the first payment shall include a “catch up” payment. 

  
 5 

 9. Timing of Payments and Section 409A. 

(a) Notwithstanding anything to the contrary in this Agreement, if at the time your employment terminates, you are a “specified
employee,” as defined below, any and all amounts payable under this Agreement on account of such separation from service that would (but for this provision) be payable within six (6) months following the date of termination, shall instead
be paid on the next business day following the expiration of such six (6)-month period or, if earlier, upon your death; except (A) to the extent of amounts that do not constitute a deferral of compensation within the meaning of Treasury
regulation Section 1.409A-1(b) (including without limitation by reason of the safe harbor set forth in Section 1.409A-1 (b)(9)(iii), as determined by the
Company in its reasonable good faith discretion); (B) benefits which qualify as excepted welfare benefits pursuant to Treasury regulation Section 1.409A-1(a)(5); or (C) other amounts or benefits that
are not subject to the requirements of Section 409A of the Code (“Section 409A”). 
 (b) For
purposes of this Agreement, all references to “termination of employment” and correlative phrases shall be construed to require a “separation from service” (as defined in
Section 1.409A-1(h) of the Treasury regulations after giving effect to the presumptions contained therein), and the term “specified employee” means an individual determined by the Company to be
a specified employee under Treasury regulation Section 1.409A-l(i). 
 (c) Each payment made
under this Agreement shall be treated as a separate payment and the right to a series of installment payments under this Agreement is to be treated as a right to a series of separate payments. 

(d) In no event shall the Company have any liability relating to the failure or alleged failure of any payment or benefit under this Agreement
to comply with, or be exempt from, the requirements of Section 409A. 
 10. Indemnification. The Company shall indemnify you and
hold you harmless to the fullest extent provided under the Certificate of Incorporation and the By-Laws of the Company against and in respect of any and all actions, suits, proceedings, claims, demands,
judgments, costs, expenses (including reasonable attorney’s fees), losses, and damages resulting from your good faith performance of your duties and obligations to the Company, subject to the limitations and conditions set forth therein. 

As of the date first written above, this Agreement will take effect as a binding agreement between you and the Company on the basis set forth
above. 
  

			
	 Very truly yours,
  

BEAM THERAPEUTICS INC.

		
	By:	 	/s/ John Evans
	 John Evans
 President &
CEO

  
 6 

 Accepted and agreed: 
  

					
			
	/s/ Terry-Ann Burrell	 		 	September 25, 2019
	Terry-Ann Burrell	 		 	Date

  
 7

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