Document:

DEBT
CONVERSION AGREEMENT

 

This
Debt Conversion Agreement (the “Agreement”) is entered into effective as of April 26, 2016 by and between
Crystal Resource Corp., a Wyoming corporation (“Holder”) and Valmie Resources Inc., a Nevada
corporation (the “Company”), with reference to the following facts:

 

WHEREAS,
The Company and Holder are parties under a series of Promissory Notes (as further defined in Table 1 attached hereto), in the
aggregate principal amount of $200,000 USD (the “Notes”), copies of which are attached hereto as Exhibit “A”;
and

 

WHEREAS,
such Notes has been fully recognized as an obligation of the Company in it books, records and public filings from the date of
execution; and

 

WHEREAS,
the Holder and the Company desire to convert the Notes into shares of the Company’s Common Stock.

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Holder and the
Company agree as follows:

 

1. Conversion
to Common Stock. Effective as of April 26, 2015, the Notes shall be converted into shares of Common Stock at a price per share
of $0.10 for an aggregate number of shares of 2,000,000. Upon execution of this Agreement, the Company shall instruct its transfer
agent to issue a total of 2,000,000 shares of Common Stock to the Holder (the “Shares”), and the Holder shall
acknowledge the repayment in full of the Notes.

 

2. Accrued
Interest. The Holder hereby agrees to forgive any and all interest that had been accrued or payable pursuant to the Notes
(the “Accrued Interest”). The Holder agrees to execute and deliver such documents and take such other action
as may be necessary to affect the waiver of the Accrued Interest.

 

3. Release
of Security Interests. As a condition to the issuance of the Shares, the Holder hereby cancels, terminates and releases any
and all security interests, liens and other encumbrances held by, or for the benefit of, the Holder with respect to the Notes
in or on the assets, rights or other property of the Company (collectively, the “Security Interests”). The
Holder agrees to execute and deliver such documents and take such other action as may be necessary to affect the complete release
of all Security Interests.

 

4. Registration
Rights. Contemporaneously with the execution and delivery of this Agreement, the Company and the Holder are executing
and delivering a registration rights agreement (the “Registration Rights Agreement”) pursuant to which the
Company has agreed to provide certain registration rights under the Securities Act of 1933, as amended, and the rules and regulations
thereunder, or any similar successor statute (collectively, the “Securities Act”), and applicable state securities
laws, with respect to the shares of Common Stock issuable pursuant to this Agreement.

 

    	 	 

    	 	 

    

 

5. Holder
Representations. The Company is issuing the Common Stock to Holder in reliance upon the following representations made by
Holder:

 

	 	a.	Holder
    acknowledges and agrees that the shares of Common Stock are characterized as “restricted securities” under the
    Securities Act and that, under the Securities Act and applicable regulations thereunder, such securities may not be resold,
    pledged or otherwise transferred without registration under the Securities Act or an exemption therefrom. Holder acknowledges
    and agrees that (i) the shares of Common Stock are being offered in a transaction not involving any public offering in the
    United States within the meaning of the Securities Act, and the shares of Common Stock have not yet been registered under
    the Securities Act, and (ii) such shares of Common Stock may be offered, resold, pledged or otherwise transferred only in
    a transaction registered under the Securities Act, or meeting the requirements of Rule 144, or in accordance with another
    exemption from the registration requirements of the Securities Act (and based upon an opinion of counsel if the Company so
    requests) and in accordance with any applicable securities laws of any State of the United States or any other applicable
    jurisdiction.
	 	 	 
	 	b.	Holder
    acknowledges and agrees that (i) the transfer agent for the shares of Common Stock will not be required to accept for registration
    of transfer any shares except upon presentation of evidence satisfactory to the Company that the restrictions on transfer
    under the Securities Act have been complied with; and (ii) any shares of Common Stock in the form of definitive physical certificates
    will bear a restrictive legend.
	 	 	 
	 	c.	Holder
    acknowledges and agrees that: (i) the shares of Common Stock have not been registered under the Securities Act, or under any
    state securities laws, and are being offered and sold in reliance upon federal and state exemptions for transactions not involving
    any public offering; (ii) Holder is acquiring the shares of Common Stock solely for its own account for investment purposes,
    and not with a view to the distribution thereof in a transaction that would violate the Securities Act or the securities laws
    of any State of the United States or any other applicable jurisdiction; (iii) Holder is a sophisticated purchaser with such
    knowledge and experience in business and financial matters that it is capable of evaluating the merits and risks of purchasing
    the shares of Common Stock; (iv) Holder has had the opportunity to obtain from the Company such information as desired in
    order to evaluate the merits and the risks inherent in holding the shares of Common Stock; (v) Holder is able to bear the
    economic risk and lack of liquidity inherent in holding the shares of Common Stock; (vi) Holder is an “accredited Holder”
    within the meaning of Rule 501(a) and (g) under the Securities Act; and (vii) Holder either has a preexisting personal or
    business relationship with the Company or its officers, directors or controlling persons, or by reason of Holder’s business
    or financial experience, or the business or financial experience of their professional advisors who are unaffiliated with
    and who are not compensated by the Company, directly or indirectly, have the capacity to protect their own interests in connection
    with the purchase of the Common Stock.

 

    	 	 

    	 	 

    

 

	 	d.	Holder’s
    investment in the Company pursuant to this Common Stock is consistent, in both nature and amount, with Holder’s overall
    investment program and financial condition.

 

6. Miscellaneous.

 

	 	a.	This
    Agreement shall be construed and enforced in accordance with the laws of the State of Nevada.
	 	 	 
	 	b.	This
    Agreement constitutes the entire agreement between the parties and supersedes all prior oral or written negotiations and agreements
    between the parties with respect to the subject matter hereof. No modification, variation or amendment of this Agreement (including
    any exhibit hereto) shall be effective unless made in writing and signed by both parties.
	 	 	 
	 	c.	Each
    party to this Agreement hereby represents and warrants to the other party that it has had an opportunity to seek the advice
    of its own independent legal counsel with respect to the provisions of this Agreement and that its decision to execute this
    Agreement is not based on any reliance upon the advice of any other party or its legal counsel. Each party represents and
    warrants to the other party that in executing this Agreement such party has completely read this Agreement and that such party
    understands the terms of this Agreement and its significance. This Agreement shall be construed neutrally, without regard
    to the party responsible for its preparation.
	 	 	 
	 	d.	Each
    party to this Agreement hereby represents and warrants to the other party that (i) the execution, performance and delivery
    of this Agreement has been authorized by all necessary action by such party; (ii) the representative executing this Agreement
    on behalf of such party has been granted all necessary power and authority to act on behalf of such party with respect to
    the execution, performance and delivery of this Agreement; and (iii) the representative executing this Agreement on behalf
    of such party is of legal age and capacity to enter into agreements which are fully binding and enforceable against such party.
	 	 	 
	 	e.	This
    Agreement may be executed in any number of counterparts and may be delivered by facsimile transmission, all of which taken
    together shall constitute a single instrument.

 

    	 	 

    	 	 

    

 

IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date first set forth above.

 

	 	Valmie
    Resources, Inc.	 
	 	 	 
	By:	/s/
    Gerald B. Hammack	 
	Name:	Gerald
    B. Hammack	 
	Title:	Chairman
    and CEO	 
	 	 	 
	 	Crystal
    Resource Corp.	 
	 	 	 
	By:	/s/
    Gregory Lyons	 
	Name:	Gregory
    Lyons	 
	Title:	Director	 

  

    	 	 

    	 	 

    

 

Table
1

 

	Promissory
    Note Date	 	Principal
    Amount	 	 	Due
    Date	 	Interest
    Rate	 
	 	 	 	 	 	 	 	 	 
	July
    30, 2015	 	$	20,000	 	 	July
    30, 2017	 	 	15	%
	September
    2, 2015	 	$	7,500	 	 	September
    2, 2017	 	 	15	%
	October
    2, 2015	 	$	10,000	 	 	October
    2, 2017	 	 	15	%
	October
    21, 2015	 	$	15,000	 	 	October
    21, 2017	 	 	15	%
	October
    29, 2015	 	$	25,000	 	 	October
    29, 2017	 	 	15	%
	November
    17, 2015	 	$	25,000	 	 	November
    17, 2017	 	 	15	%
	January
    4, 2016	 	$	25,000	 	 	January
    4, 2018	 	 	15	%
	January
    26, 2016	 	$	10,000	 	 	January
    18, 2018	 	 	15	%
	February
    2, 2016	 	$	7,500	 	 	February
    2, 2018	 	 	15	%
	February
    25, 2016	 	$	25,000	 	 	February
    25, 2018	 	 	15	%
	April
    12, 2016	 	$	15,000	 	 	April
    12, 2018	 	 	15	%
	April
    26, 2016	 	$	15,000	 	 	April
    26, 2018	 	 	15	%
	 	 	 	 	 	 	 	 	 	 	 
	Total	 	$	200,000	 	 	 	 	 	 	 

 

    	 	 

    	 	 

    

 

EXHIBIT
“A”

 

    	 	 

    	 	 

    

 

VALMIE RESOURCES INC.

 

PROMISSORY NOTE

 

	July 30, 2015	 	$20,000.00

 

FOR VALUE RECEIVED, Valmie
Resources, Inc. a Nevada corporation (the “Company”), promises to pay to the order of Crystal Resource Corp.
or its permitted assigns, transferees and successors as provided herein (the “Holder”), or as the Holder may
direct, at such location as the Holder may designate, Twenty Thousand Dollars and Zero Cents ($20,000.00) plus simple interest
on such principal amount from the date of this Promissory Note (the “Note”) at an annual interest rate equal
to fifteen percent (15%).

 

Interest will be computed
on the basis of a year of 365 days for the actual number of days elapsed from the date of this Note. The number of days used to
compute the interest will include the first day but exclude the last day during which any principal is outstanding.

 

ARTICLE I.

THE NOTE & SECURITY INTEREST

 

Section 1.01 This Note
is issued by the Company on July 30, 2015 (the “Issuance Date”). On July 30, 2015, Holder hereof made advances
to the Company in the aggregate amount of $20,000.00.

 

Section 1.02 As security
for the due performance and payment of Company’s obligation under this Note, Company has granted to Holder a security interest
in any and all of the assets, properties, goods, inventory, equipment, furniture, fixtures, leases, supplies, records, money, documents,
instruments, chattel paper, accounts, intellectual property rights (including but not limited to, copyrights, moral rights, patents,
patent applications, trademarks, service marks, trade names, trade secrets) and other general intangibles, whether owned by Company
on the date of this Note or hereafter acquired, and all proceeds thereof.

 

ARTICLE II.

PRINCIPAL AND INTEREST PAYMENTS.

 

Section 2.01 The entire
principal amount of this Note together with accrued and unpaid interest thereon will be due and payable on July 30, 2017 (the “Repayment
Date”).

 

Section 2.02 The principal
and interest on this Note will be payable in the lawful currency of the United States of America by wire transfer or other such
immediately available funds and without set-off or counterclaim, free and clear of and without deduction for any present or future
taxes, restrictions or conditions of any nature.

 

Section 2.03 All payments
under this Note prior to demand or acceleration will be applied first, to any and all costs, expenses or charges then owed by the
Company to the Holder, second, to accrued and unpaid interest, and third, to the unpaid principal balance. All payments so received
after demand or acceleration will be applied in such manner as the Holder may determine in its sole and absolute discretion.

 

    	 	 

    	 

     

Section 2.04 Whenever any
payment on this Note is stated to be due on a day which is not a business day, the payment will be made on the next succeeding
business day and the extension of time will be included in the computation of the payment of interest of this Note.

 

Section 2.05 Overdue principal
and interest will bear interest at a rate equal to the greater of (i) twenty-five percent (25%) or (ii) the highest rate permitted
by applicable law. Overdue principal and interest will be payable on demand.

 

Section 2.06 This Note
may be prepaid at any time.

 

ARTICLE III.

DEFAULT; ACCELERATION

 

The occurrence of any one
or more of the following events with respect to the Company constitutes an event of default hereunder (“Event of Default”):

 

Section 3.01 The Company
fails to pay: (a) the principal of this Note or the accrued interest thereon when due; or (b) the principal or the accrued interest
on any other obligation of the Company to the Holder when due.

 

Section 3.02 The Company
breaches, in any materially respect, any covenant, representation or warranty in this Note or the term of any other existing instrument
or agreement between the Company and the Holder.

 

Section 3.03 The Company
(a) voluntarily becomes subject to any proceeding under the Bankruptcy Code or any similar remedy under state statutory or common
law, or (b) admits in writing its inability to pay debts generally as they become due.

 

Section 3.04 Within 60
days after the commencement of proceedings against the Company seeking any bankruptcy, insolvency, liquidation, dissolution or
similar relief under any present or future statute, law or regulation (a) such action has not been dismissed or all orders or proceedings
thereunder affecting the operations or the business of the Company stayed, or (b) the stay of any such order or proceedings has
been set aside, or, within 60 days after the appointment without the consent or acquiescence of the Company of any trustee, receiver
or liquidator of the Company or of all or any substantial part of the properties of the Company, the appointment has not been vacated.

 

Section 3.05 Any litigation
is commenced against the Company by a person other than Holder, any of its affiliates, or any person acting in concert with them,
if: (a) the damages sought are in excess of $250,000.

 

Section 3.06 The Company
defaults under any instrument or agreement between the Company and any third party evidencing indebtedness of the Company in excess
of $250,000.

 

    	 	 

    	 

     

Upon the occurrence of
an Event of Default under this Note, the entire unpaid principal balance of this Note, together with all accrued interest thereon,
shall become immediately due and payable regardless of any prior forbearance and without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Company. The Holder may exercise any and all rights and remedies
available to the Holder under applicable law, including, without limitation, the right to collect from the Company all amounts
due under this Note.

 

ARTICLE IV.

MISCELLANEOUS

 

Section 4.01 The Company
waives diligence, presentment, protest, demand and notice of protest, demand, dishonor and nonpayment of this Note, and expressly
agrees that this Note, and any payment under it, may be extended by the Holder from time to time without in any way affecting the
liability of the Company.

 

Section 4.02 Any term of
this Note may be amended or waived only with the written consent of the Company and the Holder; provided, however,
that, in no event shall the principal amount of this Note be amended without the written consent of the Holder of this Note. By
acceptance hereof, the Holder acknowledges that in the event consent is obtained pursuant to the foregoing sentence, any term of
this Note (other than the principal amount thereof) may be amended or waived with or without the consent of the Holder. Any amendment
or waiver effectuated in accordance with this Section 4.02 shall be binding upon the Company, the Holder and each transferee of
this Note.

 

Section 4.03 All rights
and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs and administrators
of the parties. As used in this Note, the Company includes any corporation, partnership, Limited Liability Company or other entity
that succeeds to or assumes the obligations of the Company under this Note. “Holder” means any person who is at the
time the registered holder of this Note.

 

Section 4.04 The Company
agrees to reimburse the Holder for all attorneys’ fees and expenses incurred by the Holder in connection with the collection
and enforcement of this Note.

 

Section 4.05 The rights
and remedies of the Holder under this Note and as may otherwise be available at law or in equity are cumulative and concurrent
and at the sole discretion of the Holder may be pursued singly, successively or together and exercised as often as the Holder desires.

 

Section 4.06 This Note
will be governed in accordance with the laws of the State of Texas.

 

Section 4.07 Any notice
required or permitted hereunder shall be given in writing and shall be conclusively deemed effectively given upon personal delivery
or delivery by courier, or five days after deposit in the United States mail, by registered or certified mail, postage prepaid.

 

Section 4.08 Upon receipt
of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note and, in the case
of loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of mutilation,
upon surrender and cancellation of this Note, the Company, at its expense, will make and deliver a new Note, of like tenor, in
lieu of the lost, stolen, destroyed or mutilated Note.

 

    	 	 

    	 

     

Section 4.09 If one or
more provisions of this Note are held unenforceable under applicable law, the unenforceable provision will be excluded from this
Note and the balance of this Note will be interpreted as if such provision were so excluded and will be enforceable in accordance
with its terms. The parties to this Note agree to replace any void or unenforceable provision of this Note with a valid and enforceable
provision that will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provision.

 

IN WITNESS WHEREOF, the
Company has executed this Note by its duly authorized officer as of the date and year first written above.

 

	 	 	Valmie Resources Inc.
	 	 	 
	 	By: 	/s/ Gerald
    Hammack
	 	 	Gerald
    Hammack
	 	 	Chairman and President

 

    	 	 

    	 

      

VALMIE RESOURCES INC.

 

PROMISSORY NOTE

 

	September 2, 2015	 	$7,500.00

 

FOR VALUE RECEIVED, Valmie
Resources, Inc. a Nevada corporation (the “Company”), promises to pay to the order of Crystal Resource Corp.
or its permitted assigns, transferees and successors as provided herein (the “Holder”), or as the Holder may
direct, at such location as the Holder may designate, Seven Thousand Five Hundred Dollars and Zero Cents ($7,500.00) plus simple
interest on such principal amount from the date of this Promissory Note (the “Note”) at an annual interest rate
equal to fifteen percent (15%).

 

Interest will be computed
on the basis of a year of 365 days for the actual number of days elapsed from the date of this Note. The number of days used to
compute the interest will include the first day but exclude the last day during which any principal is outstanding.

 

ARTICLE I.

THE NOTE & SECURITY INTEREST

 

Section 1.01 This Note
is issued by the Company on September 2, 2015 (the “Issuance Date”). On September 2, 2015, Holder hereof made
advances to the Company in the aggregate amount of $7,500.00.

 

Section 1.02 As security
for the due performance and payment of Company’s obligation under this Note, Company has granted to Holder a security interest
in any and all of the assets, properties, goods, inventory, equipment, furniture, fixtures, leases, supplies, records, money, documents,
instruments, chattel paper, accounts, intellectual property rights (including but not limited to, copyrights, moral rights, patents,
patent applications, trademarks, service marks, trade names, trade secrets) and other general intangibles, whether owned by Company
on the date of this Note or hereafter acquired, and all proceeds thereof.

 

ARTICLE II.

PRINCIPAL AND INTEREST PAYMENTS.

 

Section 2.01 The entire
principal amount of this Note together with accrued and unpaid interest thereon will be due and payable on September 2, 2017 (the
“Repayment Date”).

 

Section 2.02 The principal
and interest on this Note will be payable in the lawful currency of the United States of America by wire transfer or other such
immediately available funds and without set-off or counterclaim, free and clear of and without deduction for any present or future
taxes, restrictions or conditions of any nature.

 

Section 2.03 All payments
under this Note prior to demand or acceleration will be applied first, to any and all costs, expenses or charges then owed by the
Company to the Holder, second, to accrued and unpaid interest, and third, to the unpaid principal balance. All payments so received
after demand or acceleration will be applied in such manner as the Holder may determine in its sole and absolute discretion.

 

    	 	 

    	 

     

Section 2.04 Whenever any
payment on this Note is stated to be due on a day which is not a business day, the payment will be made on the next succeeding
business day and the extension of time will be included in the computation of the payment of interest of this Note.

 

Section 2.05 Overdue principal
and interest will bear interest at a rate equal to the greater of (i) twenty-five percent (25%) or (ii) the highest rate permitted
by applicable law. Overdue principal and interest will be payable on demand.

 

Section 2.06 This Note
may be prepaid at any time.

 

ARTICLE III.

DEFAULT; ACCELERATION

 

The occurrence of any one
or more of the following events with respect to the Company constitutes an event of default hereunder (“Event of Default”):

 

Section 3.01 The Company
fails to pay: (a) the principal of this Note or the accrued interest thereon when due; or (b) the principal or the accrued interest
on any other obligation of the Company to the Holder when due.

 

Section 3.02 The Company
breaches, in any materially respect, any covenant, representation or warranty in this Note or the term of any other existing instrument
or agreement between the Company and the Holder.

 

Section 3.03 The Company
(a) voluntarily becomes subject to any proceeding under the Bankruptcy Code or any similar remedy under state statutory or common
law, or (b) admits in writing its inability to pay debts generally as they become due.

 

Section 3.04 Within 60
days after the commencement of proceedings against the Company seeking any bankruptcy, insolvency, liquidation, dissolution or
similar relief under any present or future statute, law or regulation (a) such action has not been dismissed or all orders or proceedings
thereunder affecting the operations or the business of the Company stayed, or (b) the stay of any such order or proceedings has
been set aside, or, within 60 days after the appointment without the consent or acquiescence of the Company of any trustee, receiver
or liquidator of the Company or of all or any substantial part of the properties of the Company, the appointment has not been vacated.

 

Section 3.05 Any litigation
is commenced against the Company by a person other than Holder, any of its affiliates, or any person acting in concert with them,
if: (a) the damages sought are in excess of $250,000.

 

Section 3.06 The Company
defaults under any instrument or agreement between the Company and any third party evidencing indebtedness of the Company in excess
of $250,000.

 

    	 	 

    	 

     

Upon the occurrence of
an Event of Default under this Note, the entire unpaid principal balance of this Note, together with all accrued interest thereon,
shall become immediately due and payable regardless of any prior forbearance and without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Company. The Holder may exercise any and all rights and remedies
available to the Holder under applicable law, including, without limitation, the right to collect from the Company all amounts
due under this Note.

 

ARTICLE IV.

MISCELLANEOUS

 

Section 4.01 The Company
waives diligence, presentment, protest, demand and notice of protest, demand, dishonor and nonpayment of this Note, and expressly
agrees that this Note, and any payment under it, may be extended by the Holder from time to time without in any way affecting the
liability of the Company.

 

Section 4.02 Any term of
this Note may be amended or waived only with the written consent of the Company and the Holder; provided, however,
that, in no event shall the principal amount of this Note be amended without the written consent of the Holder of this Note. By
acceptance hereof, the Holder acknowledges that in the event consent is obtained pursuant to the foregoing sentence, any term of
this Note (other than the principal amount thereof) may be amended or waived with or without the consent of the Holder. Any amendment
or waiver effectuated in accordance with this Section 4.02 shall be binding upon the Company, the Holder and each transferee of
this Note.

 

Section 4.03 All rights
and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs and administrators
of the parties. As used in this Note, the Company includes any corporation, partnership, Limited Liability Company or other entity
that succeeds to or assumes the obligations of the Company under this Note. “Holder” means any person who is at the
time the registered holder of this Note.

 

Section 4.04 The Company
agrees to reimburse the Holder for all attorneys’ fees and expenses incurred by the Holder in connection with the collection
and enforcement of this Note.

 

Section 4.05 The rights
and remedies of the Holder under this Note and as may otherwise be available at law or in equity are cumulative and concurrent
and at the sole discretion of the Holder may be pursued singly, successively or together and exercised as often as the Holder desires.

 

Section 4.06 This Note
will be governed in accordance with the laws of the State of Texas.

 

Section 4.07 Any notice
required or permitted hereunder shall be given in writing and shall be conclusively deemed effectively given upon personal delivery
or delivery by courier, or five days after deposit in the United States mail, by registered or certified mail, postage prepaid.

 

Section 4.08 Upon receipt
of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note and, in the case
of loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of mutilation,
upon surrender and cancellation of this Note, the Company, at its expense, will make and deliver a new Note, of like tenor, in
lieu of the lost, stolen, destroyed or mutilated Note.

 

    	 	 

    	 

     

Section 4.09 If one or
more provisions of this Note are held unenforceable under applicable law, the unenforceable provision will be excluded from this
Note and the balance of this Note will be interpreted as if such provision were so excluded and will be enforceable in accordance
with its terms. The parties to this Note agree to replace any void or unenforceable provision of this Note with a valid and enforceable
provision that will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provision.

 

IN WITNESS WHEREOF, the
Company has executed this Note by its duly authorized officer as of the date and year first written above.

 

	 	 	Valmie Resources Inc.
	 	 	 
	 	By: 	/s/
    Gerald Hammack
	 	 	Gerald
    Hammack
	 	 	Chairman and President

 

    	 	 

    	 

      

VALMIE RESOURCES INC.

 

PROMISSORY NOTE

 

	October 2, 2015	 	$10,000.00

 

FOR VALUE RECEIVED, Valmie
Resources, Inc. a Nevada corporation (the “Company”), promises to pay to the order of Crystal Resource Corp.
or its permitted assigns, transferees and successors as provided herein (the “Holder”), or as the Holder may
direct, at such location as the Holder may designate, Ten Thousand Dollars and Zero Cents ($10,000.00) plus simple interest on
such principal amount from the date of this Promissory Note (the “Note”) at an annual interest rate equal to
fifteen percent (15%).

 

Interest will be computed
on the basis of a year of 365 days for the actual number of days elapsed from the date of this Note. The number of days used to
compute the interest will include the first day but exclude the last day during which any principal is outstanding.

 

ARTICLE I.

THE NOTE & SECURITY INTEREST

 

Section 1.01 This Note
is issued by the Company on October 2, 2015 (the “Issuance Date”). On October 2, 2015, Holder hereof made advances
to the Company in the aggregate amount of $10,000.00.

 

Section 1.02 As security
for the due performance and payment of Company’s obligation under this Note, Company has granted to Holder a security interest
in any and all of the assets, properties, goods, inventory, equipment, furniture, fixtures, leases, supplies, records, money, documents,
instruments, chattel paper, accounts, intellectual property rights (including but not limited to, copyrights, moral rights, patents,
patent applications, trademarks, service marks, trade names, trade secrets) and other general intangibles, whether owned by Company
on the date of this Note or hereafter acquired, and all proceeds thereof.

 

ARTICLE II.

PRINCIPAL AND INTEREST PAYMENTS.

 

Section 2.01 The entire
principal amount of this Note together with accrued and unpaid interest thereon will be due and payable on October 2, 2017 (the
“Repayment Date”).

 

Section 2.02 The principal
and interest on this Note will be payable in the lawful currency of the United States of America by wire transfer or other such
immediately available funds and without set-off or counterclaim, free and clear of and without deduction for any present or future
taxes, restrictions or conditions of any nature.

 

Section 2.03 All payments
under this Note prior to demand or acceleration will be applied first, to any and all costs, expenses or charges then owed by the
Company to the Holder, second, to accrued and unpaid interest, and third, to the unpaid principal balance. All payments so received
after demand or acceleration will be applied in such manner as the Holder may determine in its sole and absolute discretion.

 

    	 	 

    	 

     

Section 2.04 Whenever any
payment on this Note is stated to be due on a day which is not a business day, the payment will be made on the next succeeding
business day and the extension of time will be included in the computation of the payment of interest of this Note.

 

Section 2.05 Overdue principal
and interest will bear interest at a rate equal to the greater of (i) twenty-five percent (25%) or (ii) the highest rate permitted
by applicable law. Overdue principal and interest will be payable on demand.

 

Section 2.06 This Note
may be prepaid at any time.

 

ARTICLE III.

DEFAULT; ACCELERATION

 

The occurrence of any one
or more of the following events with respect to the Company constitutes an event of default hereunder (“Event of Default”):

 

Section 3.01 The Company
fails to pay: (a) the principal of this Note or the accrued interest thereon when due; or (b) the principal or the accrued interest
on any other obligation of the Company to the Holder when due.

 

Section 3.02 The Company
breaches, in any materially respect, any covenant, representation or warranty in this Note or the term of any other existing instrument
or agreement between the Company and the Holder.

 

Section 3.03 The Company
(a) voluntarily becomes subject to any proceeding under the Bankruptcy Code or any similar remedy under state statutory or common
law, or (b) admits in writing its inability to pay debts generally as they become due.

 

Section 3.04 Within 60
days after the commencement of proceedings against the Company seeking any bankruptcy, insolvency, liquidation, dissolution or
similar relief under any present or future statute, law or regulation (a) such action has not been dismissed or all orders or proceedings
thereunder affecting the operations or the business of the Company stayed, or (b) the stay of any such order or proceedings has
been set aside, or, within 60 days after the appointment without the consent or acquiescence of the Company of any trustee, receiver
or liquidator of the Company or of all or any substantial part of the properties of the Company, the appointment has not been vacated.

 

Section 3.05 Any litigation
is commenced against the Company by a person other than Holder, any of its affiliates, or any person acting in concert with them,
if: (a) the damages sought are in excess of $250,000.

 

Section 3.06 The Company
defaults under any instrument or agreement between the Company and any third party evidencing indebtedness of the Company in excess
of $250,000.

 

    	 	 

    	 

     

Upon the occurrence of
an Event of Default under this Note, the entire unpaid principal balance of this Note, together with all accrued interest thereon,
shall become immediately due and payable regardless of any prior forbearance and without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Company. The Holder may exercise any and all rights and remedies
available to the Holder under applicable law, including, without limitation, the right to collect from the Company all amounts
due under this Note.

 

ARTICLE IV.

MISCELLANEOUS

 

Section 4.01 The Company
waives diligence, presentment, protest, demand and notice of protest, demand, dishonor and nonpayment of this Note, and expressly
agrees that this Note, and any payment under it, may be extended by the Holder from time to time without in any way affecting the
liability of the Company.

 

Section 4.02 Any term of
this Note may be amended or waived only with the written consent of the Company and the Holder; provided, however,
that, in no event shall the principal amount of this Note be amended without the written consent of the Holder of this Note. By
acceptance hereof, the Holder acknowledges that in the event consent is obtained pursuant to the foregoing sentence, any term of
this Note (other than the principal amount thereof) may be amended or waived with or without the consent of the Holder. Any amendment
or waiver effectuated in accordance with this Section 4.02 shall be binding upon the Company, the Holder and each transferee of
this Note.

 

Section 4.03 All rights
and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs and administrators
of the parties. As used in this Note, the Company includes any corporation, partnership, Limited Liability Company or other entity
that succeeds to or assumes the obligations of the Company under this Note. “Holder” means any person who is at the
time the registered holder of this Note.

 

Section 4.04 The Company
agrees to reimburse the Holder for all attorneys’ fees and expenses incurred by the Holder in connection with the collection
and enforcement of this Note.

 

Section 4.05 The rights
and remedies of the Holder under this Note and as may otherwise be available at law or in equity are cumulative and concurrent
and at the sole discretion of the Holder may be pursued singly, successively or together and exercised as often as the Holder desires.

 

Section 4.06 This Note
will be governed in accordance with the laws of the State of Texas.

 

Section 4.07 Any notice
required or permitted hereunder shall be given in writing and shall be conclusively deemed effectively given upon personal delivery
or delivery by courier, or five days after deposit in the United States mail, by registered or certified mail, postage prepaid.

 

Section 4.08 Upon receipt
of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note and, in the case
of loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of mutilation,
upon surrender and cancellation of this Note, the Company, at its expense, will make and deliver a new Note, of like tenor, in
lieu of the lost, stolen, destroyed or mutilated Note.

 

    	 	 

    	 

     

Section 4.09 If one or
more provisions of this Note are held unenforceable under applicable law, the unenforceable provision will be excluded from this
Note and the balance of this Note will be interpreted as if such provision were so excluded and will be enforceable in accordance
with its terms. The parties to this Note agree to replace any void or unenforceable provision of this Note with a valid and enforceable
provision that will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provision.

 

IN WITNESS WHEREOF, the Company has executed
this Note by its duly authorized officer as of the date and year first written above.

 

	 	 	Valmie Resources Inc.
	 	 	 
	 	By: 	/s/
    Gerald Hammack
	 	 	Gerald
    Hammack
	 	 	Chairman and President

 

    	 	 

    	 

      

VALMIE RESOURCES INC.

 

PROMISSORY NOTE

 

	October 21, 2015	 	$15,000.00

 

FOR VALUE RECEIVED, Valmie
Resources, Inc. a Nevada corporation (the “Company”), promises to pay to the order of Crystal Resource Corp.
or its permitted assigns, transferees and successors as provided herein (the “Holder”), or as the Holder may
direct, at such location as the Holder may designate, Fifteen Thousand Dollars and Zero Cents ($15,000.00) plus simple interest
on such principal amount from the date of this Promissory Note (the “Note”) at an annual interest rate equal
to fifteen percent (15%).

 

Interest will be computed
on the basis of a year of 365 days for the actual number of days elapsed from the date of this Note. The number of days used to
compute the interest will include the first day but exclude the last day during which any principal is outstanding.

 

ARTICLE I.

THE NOTE & SECURITY INTEREST

 

Section 1.01 This Note
is issued by the Company on October 21, 2015 (the “Issuance Date”).On October 21, 2015, Holder hereof made advances
to the Company in the aggregate amount of $15,000.00.

 

Section 1.02 As security
for the due performance and payment of Company’s obligation under this Note, Company has granted to Holder a security interest
in any and all of the assets, properties, goods, inventory, equipment, furniture, fixtures, leases, supplies, records, money, documents,
instruments, chattel paper, accounts, intellectual property rights (including but not limited to, copyrights, moral rights, patents,
patent applications, trademarks, service marks, trade names, trade secrets) and other general intangibles, whether owned by Company
on the date of this Note or hereafter acquired, and all proceeds thereof.

 

ARTICLE II.

PRINCIPAL AND INTEREST PAYMENTS.

 

Section 2.01 The entire
principal amount of this Note together with accrued and unpaid interest thereon will be due and payable on October 21, 2017 (the
“Repayment Date”).

 

Section 2.02 The principal
and interest on this Note will be payable in the lawful currency of the United States of America by wire transfer or other such
immediately available funds and without set-off or counterclaim, free and clear of and without deduction for any present or future
taxes, restrictions or conditions of any nature.

 

Section 2.03 All payments
under this Note prior to demand or acceleration will be applied first, to any and all costs, expenses or charges then owed by the
Company to the Holder, second, to accrued and unpaid interest, and third, to the unpaid principal balance. All payments so received
after demand or acceleration will be applied in such manner as the Holder may determine in its sole and absolute discretion.

 

    	 	 

    	 

     

Section 2.04 Whenever any
payment on this Note is stated to be due on a day which is not a business day, the payment will be made on the next succeeding
business day and the extension of time will be included in the computation of the payment of interest of this Note.

 

Section 2.05 Overdue principal
and interest will bear interest at a rate equal to the greater of (i) twenty-five percent (25%) or (ii) the highest rate permitted
by applicable law. Overdue principal and interest will be payable on demand.

 

Section 2.06 This Note
may be prepaid at any time.

 

ARTICLE III.

DEFAULT; ACCELERATION

 

The occurrence of any one
or more of the following events with respect to the Company constitutes an event of default hereunder (“Event of Default”):

 

Section 3.01 The Company
fails to pay: (a) the principal of this Note or the accrued interest thereon when due; or (b) the principal or the accrued interest
on any other obligation of the Company to the Holder when due.

 

Section 3.02 The Company
breaches, in any materially respect, any covenant, representation or warranty in this Note or the term of any other existing instrument
or agreement between the Company and the Holder.

 

Section 3.03 The Company
(a) voluntarily becomes subject to any proceeding under the Bankruptcy Code or any similar remedy under state statutory or common
law, or (b) admits in writing its inability to pay debts generally as they become due.

 

Section 3.04 Within 60
days after the commencement of proceedings against the Company seeking any bankruptcy, insolvency, liquidation, dissolution or
similar relief under any present or future statute, law or regulation (a) such action has not been dismissed or all orders or proceedings
thereunder affecting the operations or the business of the Company stayed, or (b) the stay of any such order or proceedings has
been set aside, or, within 60 days after the appointment without the consent or acquiescence of the Company of any trustee, receiver
or liquidator of the Company or of all or any substantial part of the properties of the Company, the appointment has not been vacated.

 

Section 3.05 Any litigation
is commenced against the Company by a person other than Holder, any of its affiliates, or any person acting in concert with them,
if: (a) the damages sought are in excess of $250,000.

 

Section 3.06 The Company
defaults under any instrument or agreement between the Company and any third party evidencing indebtedness of the Company in excess
of $250,000.

 

    	 	 

    	 

     

Upon the occurrence of
an Event of Default under this Note, the entire unpaid principal balance of this Note, together with all accrued interest thereon,
shall become immediately due and payable regardless of any prior forbearance and without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Company. The Holder may exercise any and all rights and remedies
available to the Holder under applicable law, including, without limitation, the right to collect from the Company all amounts
due under this Note.

 

ARTICLE IV.

MISCELLANEOUS

 

Section 4.01 The Company
waives diligence, presentment, protest, demand and notice of protest, demand, dishonor and nonpayment of this Note, and expressly
agrees that this Note, and any payment under it, may be extended by the Holder from time to time without in any way affecting the
liability of the Company.

 

Section 4.02 Any term of
this Note may be amended or waived only with the written consent of the Company and the Holder; provided, however,
that, in no event shall the principal amount of this Note be amended without the written consent of the Holder of this Note. By
acceptance hereof, the Holder acknowledges that in the event consent is obtained pursuant to the foregoing sentence, any term of
this Note (other than the principal amount thereof) may be amended or waived with or without the consent of the Holder. Any amendment
or waiver effectuated in accordance with this Section 4.02 shall be binding upon the Company, the Holder and each transferee of
this Note.

 

Section 4.03 All rights
and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs and administrators
of the parties. As used in this Note, the Company includes any corporation, partnership, Limited Liability Company or other entity
that succeeds to or assumes the obligations of the Company under this Note. “Holder” means any person who is at the
time the registered holder of this Note.

 

Section 4.04 The Company
agrees to reimburse the Holder for all attorneys’ fees and expenses incurred by the Holder in connection with the collection
and enforcement of this Note.

 

Section 4.05 The rights
and remedies of the Holder under this Note and as may otherwise be available at law or in equity are cumulative and concurrent
and at the sole discretion of the Holder may be pursued singly, successively or together and exercised as often as the Holder desires.

 

Section 4.06 This Note
will be governed in accordance with the laws of the State of Texas.

 

Section 4.07 Any notice
required or permitted hereunder shall be given in writing and shall be conclusively deemed effectively given upon personal delivery
or delivery by courier, or five days after deposit in the United States mail, by registered or certified mail, postage prepaid.

 

Section 4.08 Upon receipt
of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note and, in the case
of loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of mutilation,
upon surrender and cancellation of this Note, the Company, at its expense, will make and deliver a new Note, of like tenor, in
lieu of the lost, stolen, destroyed or mutilated Note.

 

    	 	 

    	 

     

Section 4.09 If one or
more provisions of this Note are held unenforceable under applicable law, the unenforceable provision will be excluded from this
Note and the balance of this Note will be interpreted as if such provision were so excluded and will be enforceable in accordance
with its terms. The parties to this Note agree to replace any void or unenforceable provision of this Note with a valid and enforceable
provision that will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provision.

 

IN WITNESS WHEREOF, the Company has executed
this Note by its duly authorized officer as of the date and year first written above.

 

	 	 	Valmie Resources Inc.
	 	 	 
	 	By: 	/s/
    Gerald Hammack
	 	 	Gerald
    Hammack
	 	 	Chairman and President

 

    	 	 

    	 

     

VALMIE RESOURCES INC.

 

PROMISSORY NOTE

 

	October 29, 2015	$25,000.00

 

FOR VALUE RECEIVED, Valmie
Resources, Inc. a Nevada corporation (the “Company”), promises to pay to the order of Crystal Resource Corp.
or its permitted assigns, transferees and successors as provided herein (the “Holder”), or as the Holder may
direct, at such location as the Holder may designate, Twenty Five Thousand Dollars and Zero Cents ($25,000.00) plus simple interest
on such principal amount from the date of this Promissory Note (the “Note”) at an annual interest rate equal
to fifteen percent (15%).

 

Interest will be computed
on the basis of a year of 365 days for the actual number of days elapsed from the date of this Note. The number of days used to
compute the interest will include the first day but exclude the last day during which any principal is outstanding.

 

ARTICLE I.

THE NOTE & SECURITY
INTEREST

 

Section 1.01 This Note
is issued by the Company on October 29, 2015 (the “Issuance Date”). On October 29, 2015, Holder hereof made
advances to the Company in the aggregate amount of $25,000.00.

 

Section 1.02 As security
for the due performance and payment of Company’s obligation under this Note, Company has granted to Holder a security interest
in any and all of the assets, properties, goods, inventory, equipment, furniture, fixtures, leases, supplies, records, money, documents,
instruments, chattel paper, accounts, intellectual property rights (including but not limited to, copyrights, moral rights, patents,
patent applications, trademarks, service marks, trade names, trade secrets) and other general intangibles, whether owned by Company
on the date of this Note or hereafter acquired, and all proceeds thereof.

 

ARTICLE II.

PRINCIPAL AND INTEREST PAYMENTS.

 

Section 2.01 The entire
principal amount of this Note together with accrued and unpaid interest thereon will be due and payable on October 29, 2017 (the
“Repayment Date”).

 

Section 2.02 The principal
and interest on this Note will be payable in the lawful currency of the United States of America by wire transfer or other such
immediately available funds and without set-off or counterclaim, free and clear of and without deduction for any present or future
taxes, restrictions or conditions of any nature.

 

Section 2.03 All payments
under this Note prior to demand or acceleration will be applied first, to any and all costs, expenses or charges then owed by the
Company to the Holder, second, to accrued and unpaid interest, and third, to the unpaid principal balance. All payments so received
after demand or acceleration will be applied in such manner as the Holder may determine in its sole and absolute discretion.

 

    	 	 	 

    	 

     

Section 2.04 Whenever
any payment on this Note is stated to be due on a day which is not a business day, the payment will be made on the next succeeding
business day and the extension of time will be included in the computation of the payment of interest of this Note.

 

Section 2.05 Overdue
principal and interest will bear interest at a rate equal to the greater of (i) twenty-five percent (25%) or (ii) the highest rate
permitted by applicable law. Overdue principal and interest will be payable on demand.

 

Section 2.06 This Note
may be prepaid at any time.

 

ARTICLE III.

DEFAULT; ACCELERATION

 

The occurrence of any one
or more of the following events with respect to the Company constitutes an event of default hereunder (“Event of Default”):

 

Section 3.01 The Company
fails to pay: (a) the principal of this Note or the accrued interest thereon when due; or (b) the principal or the accrued interest
on any other obligation of the Company to the Holder when due.

 

Section 3.02 The Company
breaches, in any materially respect, any covenant, representation or warranty in this Note or the term of any other existing instrument
or agreement between the Company and the Holder.

 

Section 3.03 The Company
(a) voluntarily becomes subject to any proceeding under the Bankruptcy Code or any similar remedy under state statutory or common
law, or (b) admits in writing its inability to pay debts generally as they become due.

 

Section 3.04 Within
60 days after the commencement of proceedings against the Company seeking any bankruptcy, insolvency, liquidation, dissolution
or similar relief under any present or future statute, law or regulation (a) such action has not been dismissed or all orders or
proceedings thereunder affecting the operations or the business of the Company stayed, or (b) the stay of any such order or proceedings
has been set aside, or, within 60 days after the appointment without the consent or acquiescence of the Company of any trustee,
receiver or liquidator of the Company or of all or any substantial part of the properties of the Company, the appointment has not
been vacated.

 

Section 3.05 Any litigation
is commenced against the Company by a person other than Holder, any of its affiliates, or any person acting in concert with them,
if: (a) the damages sought are in excess of $250,000.

 

Section 3.06 The Company
defaults under any instrument or agreement between the Company and any third party evidencing indebtedness of the Company in excess
of $250,000.

 

    	 	 	 

    	 

     

Upon the occurrence of
an Event of Default under this Note, the entire unpaid principal balance of this Note, together with all accrued interest thereon,
shall become immediately due and payable regardless of any prior forbearance and without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Company. The Holder may exercise any and all rights and remedies
available to the Holder under applicable law, including, without limitation, the right to collect from the Company all amounts
due under this Note.

 

ARTICLE IV.

MISCELLANEOUS

 

Section 4.01 The Company
waives diligence, presentment, protest, demand and notice of protest, demand, dishonor and nonpayment of this Note, and expressly
agrees that this Note, and any payment under it, may be extended by the Holder from time to time without in any way affecting the
liability of the Company.

 

Section 4.02 Any term
of this Note may be amended or waived only with the written consent of the Company and the Holder; provided, however,
that, in no event shall the principal amount of this Note be amended without the written consent of the Holder of this Note. By
acceptance hereof, the Holder acknowledges that in the event consent is obtained pursuant to the foregoing sentence, any term of
this Note (other than the principal amount thereof) may be amended or waived with or without the consent of the Holder. Any amendment
or waiver effectuated in accordance with this Section 4.02 shall be binding upon the Company, the Holder and each transferee of
this Note.

 

Section 4.03 All rights
and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs and administrators
of the parties. As used in this Note, the Company includes any corporation, partnership, Limited Liability Company or other entity
that succeeds to or assumes the obligations of the Company under this Note. “Holder” means any person who is at the
time the registered holder of this Note.

 

Section 4.04 The Company
agrees to reimburse the Holder for all attorneys’ fees and expenses incurred by the Holder in connection with the collection
and enforcement of this Note.

 

Section 4.05 The rights
and remedies of the Holder under this Note and as may otherwise be available at law or in equity are cumulative and concurrent
and at the sole discretion of the Holder may be pursued singly, successively or together and exercised as often as the Holder desires.

 

Section 4.06 This Note
will be governed in accordance with the laws of the State of Texas.

 

Section 4.07 Any notice
required or permitted hereunder shall be given in writing and shall be conclusively deemed effectively given upon personal delivery
or delivery by courier, or five days after deposit in the United States mail, by registered or certified mail, postage prepaid.

 

Section 4.08 Upon receipt
of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note and, in the case
of loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of mutilation,
upon surrender and cancellation of this Note, the Company, at its expense, will make and deliver a new Note, of like tenor, in
lieu of the lost, stolen, destroyed or mutilated Note.

 

    	 	 	 

    	 

     

Section 4.09 If one
or more provisions of this Note are held unenforceable under applicable law, the unenforceable provision will be excluded from
this Note and the balance of this Note will be interpreted as if such provision were so excluded and will be enforceable in accordance
with its terms. The parties to this Note agree to replace any void or unenforceable provision of this Note with a valid and enforceable
provision that will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provision.

 

IN WITNESS WHEREOF, the
Company has executed this Note by its duly authorized officer as of the date and year first written above.

 

	 	 	Valmie Resources Inc.
	 	 	 
	 	By:	/s/
    Gerald Hammack
	 	 	Gerald
    Hammack
	 	 	Chairman and President

  

    	 	 	 

    	 

      

VALMIE RESOURCES INC.

 

PROMISSORY NOTE

 

	November 17, 2015	$25,000.00

 

FOR VALUE RECEIVED, Valmie
Resources, Inc. a Nevada corporation (the “Company”), promises to pay to the order of Crystal Resource Corp.
or its permitted assigns, transferees and successors as provided herein (the “Holder”), or as the Holder may
direct, at such location as the Holder may designate, Twenty Five Thousand Dollars and Zero Cents ($25,000.00) plus simple interest
on such principal amount from the date of this Promissory Note (the “Note”) at an annual interest rate equal
to fifteen percent (15%).

 

Interest will be computed
on the basis of a year of 365 days for the actual number of days elapsed from the date of this Note. The number of days used to
compute the interest will include the first day but exclude the last day during which any principal is outstanding.

 

ARTICLE I.

THE NOTE & SECURITY
INTEREST

 

Section 1.01 This Note
is issued by the Company on November 17, 2015 (the “Issuance Date”). On November 17, 2015, Holder hereof made
advances to the Company in the aggregate amount of $25,000.00.

 

Section 1.02 As security
for the due performance and payment of Company’s obligation under this Note, Company has granted to Holder a security interest
in any and all of the assets, properties, goods, inventory, equipment, furniture, fixtures, leases, supplies, records, money, documents,
instruments, chattel paper, accounts, intellectual property rights (including but not limited to, copyrights, moral rights, patents,
patent applications, trademarks, service marks, trade names, trade secrets) and other general intangibles, whether owned by Company
on the date of this Note or hereafter acquired, and all proceeds thereof.

 

ARTICLE II.

PRINCIPAL AND INTEREST PAYMENTS.

 

Section 2.01 The entire
principal amount of this Note together with accrued and unpaid interest thereon will be due and payable on November 17, 2017 (the
“Repayment Date”).

 

Section 2.02 The principal
and interest on this Note will be payable in the lawful currency of the United States of America by wire transfer or other such
immediately available funds and without set-off or counterclaim, free and clear of and without deduction for any present or future
taxes, restrictions or conditions of any nature.

 

Section 2.03 All payments
under this Note prior to demand or acceleration will be applied first, to any and all costs, expenses or charges then owed by the
Company to the Holder, second, to accrued and unpaid interest, and third, to the unpaid principal balance. All payments so received
after demand or acceleration will be applied in such manner as the Holder may determine in its sole and absolute discretion.

 

    	 	 	 

    	 

     

Section 2.04 Whenever
any payment on this Note is stated to be due on a day which is not a business day, the payment will be made on the next succeeding
business day and the extension of time will be included in the computation of the payment of interest of this Note.

 

Section 2.05 Overdue
principal and interest will bear interest at a rate equal to the greater of (i) twenty-five percent (25%) or (ii) the highest rate
permitted by applicable law. Overdue principal and interest will be payable on demand.

 

Section 2.06 This Note
may be prepaid at any time.

 

ARTICLE III.

DEFAULT; ACCELERATION

 

The occurrence of any one
or more of the following events with respect to the Company constitutes an event of default hereunder (“Event of Default”):

 

Section 3.01 The Company
fails to pay: (a) the principal of this Note or the accrued interest thereon when due; or (b) the principal or the accrued interest
on any other obligation of the Company to the Holder when due.

 

Section 3.02 The Company
breaches, in any materially respect, any covenant, representation or warranty in this Note or the term of any other existing instrument
or agreement between the Company and the Holder.

 

Section 3.03 The Company
(a) voluntarily becomes subject to any proceeding under the Bankruptcy Code or any similar remedy under state statutory or common
law, or (b) admits in writing its inability to pay debts generally as they become due.

 

Section 3.04 Within
60 days after the commencement of proceedings against the Company seeking any bankruptcy, insolvency, liquidation, dissolution
or similar relief under any present or future statute, law or regulation (a) such action has not been dismissed or all orders or
proceedings thereunder affecting the operations or the business of the Company stayed, or (b) the stay of any such order or proceedings
has been set aside, or, within 60 days after the appointment without the consent or acquiescence of the Company of any trustee,
receiver or liquidator of the Company or of all or any substantial part of the properties of the Company, the appointment has not
been vacated.

 

Section 3.05 Any litigation
is commenced against the Company by a person other than Holder, any of its affiliates, or any person acting in concert with them,
if: (a) the damages sought are in excess of $250,000.

 

Section 3.06 The Company
defaults under any instrument or agreement between the Company and any third party evidencing indebtedness of the Company in excess
of $250,000.

 

    	 	 	 

    	 

     

Upon the occurrence of
an Event of Default under this Note, the entire unpaid principal balance of this Note, together with all accrued interest thereon,
shall become immediately due and payable regardless of any prior forbearance and without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Company. The Holder may exercise any and all rights and remedies
available to the Holder under applicable law, including, without limitation, the right to collect from the Company all amounts
due under this Note.

 

ARTICLE IV.

MISCELLANEOUS

 

Section 4.01 The Company
waives diligence, presentment, protest, demand and notice of protest, demand, dishonor and nonpayment of this Note, and expressly
agrees that this Note, and any payment under it, may be extended by the Holder from time to time without in any way affecting the
liability of the Company.

 

Section 4.02 Any term
of this Note may be amended or waived only with the written consent of the Company and the Holder; provided, however,
that, in no event shall the principal amount of this Note be amended without the written consent of the Holder of this Note. By
acceptance hereof, the Holder acknowledges that in the event consent is obtained pursuant to the foregoing sentence, any term of
this Note (other than the principal amount thereof) may be amended or waived with or without the consent of the Holder. Any amendment
or waiver effectuated in accordance with this Section 4.02 shall be binding upon the Company, the Holder and each transferee of
this Note.

 

Section 4.03 All rights
and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs and administrators
of the parties. As used in this Note, the Company includes any corporation, partnership, Limited Liability Company or other entity
that succeeds to or assumes the obligations of the Company under this Note. “Holder” means any person who is at the
time the registered holder of this Note.

 

Section 4.04 The Company
agrees to reimburse the Holder for all attorneys’ fees and expenses incurred by the Holder in connection with the collection
and enforcement of this Note.

 

Section 4.05 The rights
and remedies of the Holder under this Note and as may otherwise be available at law or in equity are cumulative and concurrent
and at the sole discretion of the Holder may be pursued singly, successively or together and exercised as often as the Holder desires.

 

Section 4.06 This Note
will be governed in accordance with the laws of the State of Texas.

 

Section 4.07 Any notice
required or permitted hereunder shall be given in writing and shall be conclusively deemed effectively given upon personal delivery
or delivery by courier, or five days after deposit in the United States mail, by registered or certified mail, postage prepaid.

 

Section 4.08 Upon receipt
of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note and, in the case
of loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of mutilation,
upon surrender and cancellation of this Note, the Company, at its expense, will make and deliver a new Note, of like tenor, in
lieu of the lost, stolen, destroyed or mutilated Note.

 

    	 	 	 

    	 

     

Section 4.09 If one
or more provisions of this Note are held unenforceable under applicable law, the unenforceable provision will be excluded from
this Note and the balance of this Note will be interpreted as if such provision were so excluded and will be enforceable in accordance
with its terms. The parties to this Note agree to replace any void or unenforceable provision of this Note with a valid and enforceable
provision that will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provision.

 

IN WITNESS WHEREOF, the
Company has executed this Note by its duly authorized officer as of the date and year first written above.

 

	 	 	Valmie Resources Inc.
	 	 	 
	 	By: 	/s/
    Gerald Hammack
	 	 	Gerald Hammack
	 	 	Chairman and President

 

    	 	 	 

    	 

      

VALMIE RESOURCES INC.

 

PROMISSORY NOTE

 

	January 4, 2016	$25,000.00

 

FOR VALUE RECEIVED, Valmie
Resources, Inc. a Nevada corporation (the “Company”), promises to pay to the order of Crystal Resource Corp.
or its permitted assigns, transferees and successors as provided herein (the “Holder”), or as the Holder may
direct, at such location as the Holder may designate, Twenty Five Thousand Dollars and Zero Cents ($25,000.00) plus simple interest
on such principal amount from the date of this Promissory Note (the “Note”) at an annual interest rate equal
to fifteen percent (15%).

 

Interest will be computed
on the basis of a year of 365 days for the actual number of days elapsed from the date of this Note. The number of days used to
compute the interest will include the first day but exclude the last day during which any principal is outstanding.

 

ARTICLE I.

THE NOTE & SECURITY INTEREST

 

Section 1.01 This Note
is issued by the Company on January 4, 2016 (the “Issuance Date”). On January 4, 2016, Holder hereof made advances
to the Company in the aggregate amount of $25,000.00.

 

Section 1.02 As security
for the due performance and payment of Company’s obligation under this Note, Company has granted to Holder a security interest
in any and all of the assets, properties, goods, inventory, equipment, furniture, fixtures, leases, supplies, records, money, documents,
instruments, chattel paper, accounts, intellectual property rights (including but not limited to, copyrights, moral rights, patents,
patent applications, trademarks, service marks, trade names, trade secrets) and other general intangibles, whether owned by Company
on the date of this Note or hereafter acquired, and all proceeds thereof.

 

ARTICLE II.

PRINCIPAL AND INTEREST PAYMENTS.

 

Section 2.01 The entire
principal amount of this Note together with accrued and unpaid interest thereon will be due and payable on January 4, 2018 (the
“Repayment Date”).

 

Section 2.02 The principal
and interest on this Note will be payable in the lawful currency of the United States of America by wire transfer or other such
immediately available funds and without set-off or counterclaim, free and clear of and without deduction for any present or future
taxes, restrictions or conditions of any nature.

 

Section 2.03 All payments
under this Note prior to demand or acceleration will be applied first, to any and all costs, expenses or charges then owed by the
Company to the Holder, second, to accrued and unpaid interest, and third, to the unpaid principal balance. All payments so received
after demand or acceleration will be applied in such manner as the Holder may determine in its sole and absolute discretion.

 

    	 	 	 

    	 

     

Section 2.04 Whenever
any payment on this Note is stated to be due on a day which is not a business day, the payment will be made on the next succeeding
business day and the extension of time will be included in the computation of the payment of interest of this Note.

 

Section 2.05 Overdue
principal and interest will bear interest at a rate equal to the greater of (i) twenty-five percent (25%) or (ii) the highest rate
permitted by applicable law. Overdue principal and interest will be payable on demand.

 

Section 2.06 This Note
may be prepaid at any time.

 

ARTICLE III.

DEFAULT; ACCELERATION

 

The occurrence of any one
or more of the following events with respect to the Company constitutes an event of default hereunder (“Event of Default”):

 

Section 3.01 The Company
fails to pay: (a) the principal of this Note or the accrued interest thereon when due; or (b) the principal or the accrued interest
on any other obligation of the Company to the Holder when due.

 

Section 3.02 The Company
breaches, in any materially respect, any covenant, representation or warranty in this Note or the term of any other existing instrument
or agreement between the Company and the Holder.

 

Section 3.03 The Company
(a) voluntarily becomes subject to any proceeding under the Bankruptcy Code or any similar remedy under state statutory or common
law, or (b) admits in writing its inability to pay debts generally as they become due.

 

Section 3.04 Within
60 days after the commencement of proceedings against the Company seeking any bankruptcy, insolvency, liquidation, dissolution
or similar relief under any present or future statute, law or regulation (a) such action has not been dismissed or all orders or
proceedings thereunder affecting the operations or the business of the Company stayed, or (b) the stay of any such order or proceedings
has been set aside, or, within 60 days after the appointment without the consent or acquiescence of the Company of any trustee,
receiver or liquidator of the Company or of all or any substantial part of the properties of the Company, the appointment has not
been vacated.

 

Section 3.05 Any litigation
is commenced against the Company by a person other than Holder, any of its affiliates, or any person acting in concert with them,
if: (a) the damages sought are in excess of $250,000.

 

Section 3.06 The Company
defaults under any instrument or agreement between the Company and any third party evidencing indebtedness of the Company in excess
of $250,000.

 

    	 	 	 

    	 

     

Upon the occurrence of
an Event of Default under this Note, the entire unpaid principal balance of this Note, together with all accrued interest thereon,
shall become immediately due and payable regardless of any prior forbearance and without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Company. The Holder may exercise any and all rights and remedies
available to the Holder under applicable law, including, without limitation, the right to collect from the Company all amounts
due under this Note.

 

ARTICLE IV.

MISCELLANEOUS

 

Section 4.01 The Company
waives diligence, presentment, protest, demand and notice of protest, demand, dishonor and nonpayment of this Note, and expressly
agrees that this Note, and any payment under it, may be extended by the Holder from time to time without in any way affecting the
liability of the Company.

 

Section 4.02 Any term
of this Note may be amended or waived only with the written consent of the Company and the Holder; provided, however,
that, in no event shall the principal amount of this Note be amended without the written consent of the Holder of this Note. By
acceptance hereof, the Holder acknowledges that in the event consent is obtained pursuant to the foregoing sentence, any term of
this Note (other than the principal amount thereof) may be amended or waived with or without the consent of the Holder. Any amendment
or waiver effectuated in accordance with this Section 4.02 shall be binding upon the Company, the Holder and each transferee of
this Note.

 

Section 4.03 All rights
and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs and administrators
of the parties. As used in this Note, the Company includes any corporation, partnership, Limited Liability Company or other entity
that succeeds to or assumes the obligations of the Company under this Note. “Holder” means any person who is at the
time the registered holder of this Note.

 

Section 4.04 The Company
agrees to reimburse the Holder for all attorneys’ fees and expenses incurred by the Holder in connection with the collection
and enforcement of this Note.

 

Section 4.05 The rights
and remedies of the Holder under this Note and as may otherwise be available at law or in equity are cumulative and concurrent
and at the sole discretion of the Holder may be pursued singly, successively or together and exercised as often as the Holder desires.

 

Section 4.06 This Note
will be governed in accordance with the laws of the State of Texas.

 

Section 4.07 Any notice
required or permitted hereunder shall be given in writing and shall be conclusively deemed effectively given upon personal delivery
or delivery by courier, or five days after deposit in the United States mail, by registered or certified mail, postage prepaid.

 

Section 4.08 Upon receipt
of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note and, in the case
of loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of mutilation,
upon surrender and cancellation of this Note, the Company, at its expense, will make and deliver a new Note, of like tenor, in
lieu of the lost, stolen, destroyed or mutilated Note.

 

    	 	 	 

    	 

     

Section 4.09 If one
or more provisions of this Note are held unenforceable under applicable law, the unenforceable provision will be excluded from
this Note and the balance of this Note will be interpreted as if such provision were so excluded and will be enforceable in accordance
with its terms. The parties to this Note agree to replace any void or unenforceable provision of this Note with a valid and enforceable
provision that will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provision.

 

IN WITNESS WHEREOF, the
Company has executed this Note by its duly authorized officer as of the date and year first written above.

 

	 	 	Valmie Resources Inc.
	 	 	 
	 	By:	/s/
    Gerald Hammack
	 	 	Gerald Hammack
	 	 	Chairman and President

 

    	 	 	 

    	 

    

  

VALMIE RESOURCES INC.

 

PROMISSORY NOTE

 

	January 26, 2016	$10,000.00

 

FOR VALUE RECEIVED, Valmie
Resources, Inc. a Nevada corporation (the “Company”), promises to pay to the order of Crystal Resource Corp.
or its permitted assigns, transferees and successors as provided herein (the “Holder”), or as the Holder may
direct, at such location as the Holder may designate, Ten Thousand Dollars and Zero Cents ($10,000.00) plus simple interest on
such principal amount from the date of this Promissory Note (the “Note”) at an annual interest rate equal to
fifteen percent (15%).

 

Interest will be computed
on the basis of a year of 365 days for the actual number of days elapsed from the date of this Note. The number of days used to
compute the interest will include the first day but exclude the last day during which any principal is outstanding.

 

ARTICLE I.

THE NOTE & SECURITY
INTEREST

 

Section 1.01 This Note
is issued by the Company on January 26, 2016 (the “Issuance Date”). On January 26, 2016, Holder hereof made
advances to the Company in the aggregate amount of $10,000.00.

 

Section 1.02 As security
for the due performance and payment of Company’s obligation under this Note, Company has granted to Holder a security interest
in any and all of the assets, properties, goods, inventory, equipment, furniture, fixtures, leases, supplies, records, money, documents,
instruments, chattel paper, accounts, intellectual property rights (including but not limited to, copyrights, moral rights, patents,
patent applications, trademarks, service marks, trade names, trade secrets) and other general intangibles, whether owned by Company
on the date of this Note or hereafter acquired, and all proceeds thereof.

 

ARTICLE II.

PRINCIPAL AND INTEREST PAYMENTS.

 

Section 2.01 The entire
principal amount of this Note together with accrued and unpaid interest thereon will be due and payable on January 26, 2018 (the
“Repayment Date”).

 

Section 2.02 The principal
and interest on this Note will be payable in the lawful currency of the United States of America by wire transfer or other such
immediately available funds and without set-off or counterclaim, free and clear of and without deduction for any present or future
taxes, restrictions or conditions of any nature.

 

Section 2.03 All payments
under this Note prior to demand or acceleration will be applied first, to any and all costs, expenses or charges then owed by the
Company to the Holder, second, to accrued and unpaid interest, and third, to the unpaid principal balance. All payments so received
after demand or acceleration will be applied in such manner as the Holder may determine in its sole and absolute discretion.

 

    	 	 	 

    	 

     

 

Section 2.04 Whenever
any payment on this Note is stated to be due on a day which is not a business day, the payment will be made on the next succeeding
business day and the extension of time will be included in the computation of the payment of interest of this Note.

 

Section 2.05 Overdue
principal and interest will bear interest at a rate equal to the greater of (i) twenty-five percent (25%) or (ii) the highest rate
permitted by applicable law. Overdue principal and interest will be payable on demand.

 

Section 2.06 This Note
may be prepaid at any time.

 

ARTICLE III.

DEFAULT; ACCELERATION

 

The occurrence of any one
or more of the following events with respect to the Company constitutes an event of default hereunder (“Event of Default”):

 

Section 3.01 The Company
fails to pay: (a) the principal of this Note or the accrued interest thereon when due; or (b) the principal or the accrued interest
on any other obligation of the Company to the Holder when due.

 

Section 3.02 The Company
breaches, in any materially respect, any covenant, representation or warranty in this Note or the term of any other existing instrument
or agreement between the Company and the Holder.

 

Section 3.03 The Company
(a) voluntarily becomes subject to any proceeding under the Bankruptcy Code or any similar remedy under state statutory or common
law, or (b) admits in writing its inability to pay debts generally as they become due.

 

Section 3.04 Within
60 days after the commencement of proceedings against the Company seeking any bankruptcy, insolvency, liquidation, dissolution
or similar relief under any present or future statute, law or regulation (a) such action has not been dismissed or all orders or
proceedings thereunder affecting the operations or the business of the Company stayed, or (b) the stay of any such order or proceedings
has been set aside, or, within 60 days after the appointment without the consent or acquiescence of the Company of any trustee,
receiver or liquidator of the Company or of all or any substantial part of the properties of the Company, the appointment has not
been vacated.

 

Section 3.05 Any litigation
is commenced against the Company by a person other than Holder, any of its affiliates, or any person acting in concert with them,
if: (a) the damages sought are in excess of $250,000.

 

Section 3.06 The Company
defaults under any instrument or agreement between the Company and any third party evidencing indebtedness of the Company in excess
of $250,000.

 

    	 	 	 

    	 

     

Upon the occurrence of
an Event of Default under this Note, the entire unpaid principal balance of this Note, together with all accrued interest thereon,
shall become immediately due and payable regardless of any prior forbearance and without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Company. The Holder may exercise any and all rights and remedies
available to the Holder under applicable law, including, without limitation, the right to collect from the Company all amounts
due under this Note.

 

ARTICLE IV.

MISCELLANEOUS

 

Section 4.01 The Company
waives diligence, presentment, protest, demand and notice of protest, demand, dishonor and nonpayment of this Note, and expressly
agrees that this Note, and any payment under it, may be extended by the Holder from time to time without in any way affecting the
liability of the Company.

 

Section 4.02 Any term
of this Note may be amended or waived only with the written consent of the Company and the Holder; provided, however,
that, in no event shall the principal amount of this Note be amended without the written consent of the Holder of this Note. By
acceptance hereof, the Holder acknowledges that in the event consent is obtained pursuant to the foregoing sentence, any term of
this Note (other than the principal amount thereof) may be amended or waived with or without the consent of the Holder. Any amendment
or waiver effectuated in accordance with this Section 4.02 shall be binding upon the Company, the Holder and each transferee of
this Note.

 

Section 4.03 All rights
and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs and administrators
of the parties. As used in this Note, the Company includes any corporation, partnership, Limited Liability Company or other entity
that succeeds to or assumes the obligations of the Company under this Note. “Holder” means any person who is at the
time the registered holder of this Note.

 

Section 4.04 The Company
agrees to reimburse the Holder for all attorneys’ fees and expenses incurred by the Holder in connection with the collection
and enforcement of this Note.

 

Section 4.05 The rights
and remedies of the Holder under this Note and as may otherwise be available at law or in equity are cumulative and concurrent
and at the sole discretion of the Holder may be pursued singly, successively or together and exercised as often as the Holder desires.

 

Section 4.06 This Note
will be governed in accordance with the laws of the State of Texas.

 

Section 4.07 Any notice
required or permitted hereunder shall be given in writing and shall be conclusively deemed effectively given upon personal delivery
or delivery by courier, or five days after deposit in the United States mail, by registered or certified mail, postage prepaid.

 

Section 4.08 Upon receipt
of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note and, in the case
of loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of mutilation,
upon surrender and cancellation of this Note, the Company, at its expense, will make and deliver a new Note, of like tenor, in
lieu of the lost, stolen, destroyed or mutilated Note.

 

    	 	 	 

    	 

     

Section 4.09 If one
or more provisions of this Note are held unenforceable under applicable law, the unenforceable provision will be excluded from
this Note and the balance of this Note will be interpreted as if such provision were so excluded and will be enforceable in accordance
with its terms. The parties to this Note agree to replace any void or unenforceable provision of this Note with a valid and enforceable
provision that will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provision.

 

IN WITNESS WHEREOF, the
Company has executed this Note by its duly authorized officer as of the date and year first written above.

 

	 	 	Valmie Resources Inc.
	 	 	 
	 	By:	/s/
    Gerald Hammack
	 	 	Gerald
    Hammack
	 	 	Chairman and President

 

    	 	 	 

    	 

      

VALMIE RESOURCES INC.

 

PROMISSORY NOTE

 

	February 2, 2016	$7,500.00

 

FOR VALUE RECEIVED, Valmie
Resources, Inc. a Nevada corporation (the “Company”), promises to pay to the order of Crystal Resource Corp.
or its permitted assigns, transferees and successors as provided herein (the “Holder”), or as the Holder may
direct, at such location as the Holder may designate, Seven Thousand Five Hundred Dollars and Zero Cents ($7,500.00) plus simple
interest on such principal amount from the date of this Promissory Note (the “Note”) at an annual interest rate
equal to fifteen percent (15%).

 

Interest will be computed
on the basis of a year of 365 days for the actual number of days elapsed from the date of this Note. The number of days used to
compute the interest will include the first day but exclude the last day during which any principal is outstanding.

 

ARTICLE I.

THE NOTE & SECURITY
INTEREST

 

Section 1.01 This Note
is issued by the Company on February 2, 2016 (the “Issuance Date”). On February 2, 2016, Holder hereof made
advances to the Company in the aggregate amount of $7,500.00.

 

Section 1.02 As security
for the due performance and payment of Company’s obligation under this Note, Company has granted to Holder a security interest
in any and all of the assets, properties, goods, inventory, equipment, furniture, fixtures, leases, supplies, records, money, documents,
instruments, chattel paper, accounts, intellectual property rights (including but not limited to, copyrights, moral rights, patents,
patent applications, trademarks, service marks, trade names, trade secrets) and other general intangibles, whether owned by Company
on the date of this Note or hereafter acquired, and all proceeds thereof.

 

ARTICLE II.

PRINCIPAL AND INTEREST
PAYMENTS.

 

Section 2.01 The entire
principal amount of this Note together with accrued and unpaid interest thereon will be due and payable on February 2, 2018 (the
“Repayment Date”).

 

Section 2.02 The principal
and interest on this Note will be payable in the lawful currency of the United States of America by wire transfer or other such
immediately available funds and without set-off or counterclaim, free and clear of and without deduction for any present or future
taxes, restrictions or conditions of any nature.

 

Section 2.03 All payments
under this Note prior to demand or acceleration will be applied first, to any and all costs, expenses or charges then owed by the
Company to the Holder, second, to accrued and unpaid interest, and third, to the unpaid principal balance. All payments so received
after demand or acceleration will be applied in such manner as the Holder may determine in its sole and absolute discretion.

 

    	 	 	 

     

     

Section 2.04 Whenever
any payment on this Note is stated to be due on a day which is not a business day, the payment will be made on the next succeeding
business day and the extension of time will be included in the computation of the payment of interest of this Note.

 

Section 2.05 Overdue
principal and interest will bear interest at a rate equal to the greater of (i) twenty-five percent (25%) or (ii) the highest rate
permitted by applicable law. Overdue principal and interest will be payable on demand.

 

Section 2.06 This Note
may be prepaid at any time.

 

ARTICLE III.

DEFAULT; ACCELERATION

 

The occurrence of any one
or more of the following events with respect to the Company constitutes an event of default hereunder (“Event of Default”):

 

Section 3.01 The Company
fails to pay: (a) the principal of this Note or the accrued interest thereon when due; or (b) the principal or the accrued interest
on any other obligation of the Company to the Holder when due.

 

Section 3.02 The Company
breaches, in any materially respect, any covenant, representation or warranty in this Note or the term of any other existing instrument
or agreement between the Company and the Holder.

 

Section 3.03 The Company
(a) voluntarily becomes subject to any proceeding under the Bankruptcy Code or any similar remedy under state statutory or common
law, or (b) admits in writing its inability to pay debts generally as they become due.

 

Section 3.04 Within
60 days after the commencement of proceedings against the Company seeking any bankruptcy, insolvency, liquidation, dissolution
or similar relief under any present or future statute, law or regulation (a) such action has not been dismissed or all orders or
proceedings thereunder affecting the operations or the business of the Company stayed, or (b) the stay of any such order or proceedings
has been set aside, or, within 60 days after the appointment without the consent or acquiescence of the Company of any trustee,
receiver or liquidator of the Company or of all or any substantial part of the properties of the Company, the appointment has not
been vacated.

 

Section 3.05 Any litigation
is commenced against the Company by a person other than Holder, any of its affiliates, or any person acting in concert with them,
if: (a) the damages sought are in excess of $250,000.

 

Section 3.06 The Company
defaults under any instrument or agreement between the Company and any third party evidencing indebtedness of the Company in excess
of $250,000.

 

    	 	 	 

     

     

Upon the occurrence of
an Event of Default under this Note, the entire unpaid principal balance of this Note, together with all accrued interest thereon,
shall become immediately due and payable regardless of any prior forbearance and without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Company. The Holder may exercise any and all rights and remedies
available to the Holder under applicable law, including, without limitation, the right to collect from the Company all amounts
due under this Note.

 

ARTICLE IV.

MISCELLANEOUS

 

Section 4.01 The Company
waives diligence, presentment, protest, demand and notice of protest, demand, dishonor and nonpayment of this Note, and expressly
agrees that this Note, and any payment under it, may be extended by the Holder from time to time without in any way affecting the
liability of the Company.

 

Section 4.02 Any term
of this Note may be amended or waived only with the written consent of the Company and the Holder; provided, however,
that, in no event shall the principal amount of this Note be amended without the written consent of the Holder of this Note. By
acceptance hereof, the Holder acknowledges that in the event consent is obtained pursuant to the foregoing sentence, any term of
this Note (other than the principal amount thereof) may be amended or waived with or without the consent of the Holder. Any amendment
or waiver effectuated in accordance with this Section 4.02 shall be binding upon the Company, the Holder and each transferee of
this Note.

 

Section 4.03 All rights
and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs and administrators
of the parties. As used in this Note, the Company includes any corporation, partnership, Limited Liability Company or other entity
that succeeds to or assumes the obligations of the Company under this Note. “Holder” means any person who is at the
time the registered holder of this Note.

 

Section 4.04 The Company
agrees to reimburse the Holder for all attorneys’ fees and expenses incurred by the Holder in connection with the collection
and enforcement of this Note.

 

Section 4.05 The rights
and remedies of the Holder under this Note and as may otherwise be available at law or in equity are cumulative and concurrent
and at the sole discretion of the Holder may be pursued singly, successively or together and exercised as often as the Holder desires.

 

Section 4.06 This Note
will be governed in accordance with the laws of the State of Texas.

 

Section 4.07 Any notice
required or permitted hereunder shall be given in writing and shall be conclusively deemed effectively given upon personal delivery
or delivery by courier, or five days after deposit in the United States mail, by registered or certified mail, postage prepaid.

 

Section 4.08 Upon receipt
of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note and, in the case
of loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of mutilation,
upon surrender and cancellation of this Note, the Company, at its expense, will make and deliver a new Note, of like tenor, in
lieu of the lost, stolen, destroyed or mutilated Note.

 

    	 	 	 

     

     

Section 4.09 If one
or more provisions of this Note are held unenforceable under applicable law, the unenforceable provision will be excluded from
this Note and the balance of this Note will be interpreted as if such provision were so excluded and will be enforceable in accordance
with its terms. The parties to this Note agree to replace any void or unenforceable provision of this Note with a valid and enforceable
provision that will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provision.

 

IN WITNESS WHEREOF, the
Company has executed this Note by its duly authorized officer as of the date and year first written above.

 

	 	 	Valmie Resources Inc.
	 	 	 
	 	By: 	/s/
    Gerald Hammack
	 	 	Gerald Hammack
	 	 	Chairman and President

 

    	 	 	 

     

      

VALMIE RESOURCES INC.

 

PROMISSORY NOTE

 

	February 25, 2016	$25,000.00

 

FOR VALUE RECEIVED, Valmie
Resources, Inc. a Nevada corporation (the “Company”), promises to pay to the order of Crystal Resource Corp.
or its permitted assigns, transferees and successors as provided herein (the “Holder”), or as the Holder may
direct, at such location as the Holder may designate, Twenty Five Thousand Dollars and Zero Cents ($25,000.00) plus simple interest
on such principal amount from the date of this Promissory Note (the “Note”) at an annual interest rate equal
to fifteen percent (15%).

 

Interest will be computed
on the basis of a year of 365 days for the actual number of days elapsed from the date of this Note. The number of days used to
compute the interest will include the first day but exclude the last day during which any principal is outstanding.

 

ARTICLE I.

THE NOTE & SECURITY
INTEREST

 

Section 1.01 This Note
is issued by the Company on February 25, 2016 (the “Issuance Date”). On February 25, 2016, Holder hereof made
advances to the Company in the aggregate amount of $25,000.00.

 

Section 1.02 As security
for the due performance and payment of Company’s obligation under this Note, Company has granted to Holder a security interest
in any and all of the assets, properties, goods, inventory, equipment, furniture, fixtures, leases, supplies, records, money, documents,
instruments, chattel paper, accounts, intellectual property rights (including but not limited to, copyrights, moral rights, patents,
patent applications, trademarks, service marks, trade names, trade secrets) and other general intangibles, whether owned by Company
on the date of this Note or hereafter acquired, and all proceeds thereof.

 

ARTICLE II.

PRINCIPAL AND INTEREST
PAYMENTS.

 

Section 2.01 The entire
principal amount of this Note together with accrued and unpaid interest thereon will be due and payable on February 25, 2018 (the
“Repayment Date”).

 

Section 2.02 The principal
and interest on this Note will be payable in the lawful currency of the United States of America by wire transfer or other such
immediately available funds and without set-off or counterclaim, free and clear of and without deduction for any present or future
taxes, restrictions or conditions of any nature.

 

Section 2.03 All payments
under this Note prior to demand or acceleration will be applied first, to any and all costs, expenses or charges then owed by the
Company to the Holder, second, to accrued and unpaid interest, and third, to the unpaid principal balance. All payments so received
after demand or acceleration will be applied in such manner as the Holder may determine in its sole and absolute discretion.

 

    	 	 	 

     

     

Section 2.04 Whenever
any payment on this Note is stated to be due on a day which is not a business day, the payment will be made on the next succeeding
business day and the extension of time will be included in the computation of the payment of interest of this Note.

 

Section 2.05 Overdue
principal and interest will bear interest at a rate equal to the greater of (i) twenty-five percent (25%) or (ii) the highest rate
permitted by applicable law. Overdue principal and interest will be payable on demand.

 

Section 2.06 This Note
may be prepaid at any time.

 

ARTICLE III.

DEFAULT; ACCELERATION

 

The occurrence of any one
or more of the following events with respect to the Company constitutes an event of default hereunder (“Event of Default”):

 

Section 3.01 The Company
fails to pay: (a) the principal of this Note or the accrued interest thereon when due; or (b) the principal or the accrued interest
on any other obligation of the Company to the Holder when due.

 

Section 3.02 The Company
breaches, in any materially respect, any covenant, representation or warranty in this Note or the term of any other existing instrument
or agreement between the Company and the Holder.

 

Section 3.03 The Company
(a) voluntarily becomes subject to any proceeding under the Bankruptcy Code or any similar remedy under state statutory or common
law, or (b) admits in writing its inability to pay debts generally as they become due.

 

Section 3.04 Within
60 days after the commencement of proceedings against the Company seeking any bankruptcy, insolvency, liquidation, dissolution
or similar relief under any present or future statute, law or regulation (a) such action has not been dismissed or all orders or
proceedings thereunder affecting the operations or the business of the Company stayed, or (b) the stay of any such order or proceedings
has been set aside, or, within 60 days after the appointment without the consent or acquiescence of the Company of any trustee,
receiver or liquidator of the Company or of all or any substantial part of the properties of the Company, the appointment has not
been vacated.

 

Section 3.05 Any litigation
is commenced against the Company by a person other than Holder, any of its affiliates, or any person acting in concert with them,
if: (a) the damages sought are in excess of $250,000.

 

Section 3.06 The Company
defaults under any instrument or agreement between the Company and any third party evidencing indebtedness of the Company in excess
of $250,000.

 

    	 	 	 

     

     

Upon the occurrence of
an Event of Default under this Note, the entire unpaid principal balance of this Note, together with all accrued interest thereon,
shall become immediately due and payable regardless of any prior forbearance and without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Company. The Holder may exercise any and all rights and remedies
available to the Holder under applicable law, including, without limitation, the right to collect from the Company all amounts
due under this Note.

 

ARTICLE IV.

MISCELLANEOUS

 

Section 4.01 The Company
waives diligence, presentment, protest, demand and notice of protest, demand, dishonor and nonpayment of this Note, and expressly
agrees that this Note, and any payment under it, may be extended by the Holder from time to time without in any way affecting the
liability of the Company.

 

Section 4.02 Any term
of this Note may be amended or waived only with the written consent of the Company and the Holder; provided, however,
that, in no event shall the principal amount of this Note be amended without the written consent of the Holder of this Note. By
acceptance hereof, the Holder acknowledges that in the event consent is obtained pursuant to the foregoing sentence, any term of
this Note (other than the principal amount thereof) may be amended or waived with or without the consent of the Holder. Any amendment
or waiver effectuated in accordance with this Section 4.02 shall be binding upon the Company, the Holder and each transferee of
this Note.

 

Section 4.03 All rights
and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs and administrators
of the parties. As used in this Note, the Company includes any corporation, partnership, Limited Liability Company or other entity
that succeeds to or assumes the obligations of the Company under this Note. “Holder” means any person who is at the
time the registered holder of this Note.

 

Section 4.04 The Company
agrees to reimburse the Holder for all attorneys’ fees and expenses incurred by the Holder in connection with the collection
and enforcement of this Note.

 

Section 4.05 The rights
and remedies of the Holder under this Note and as may otherwise be available at law or in equity are cumulative and concurrent
and at the sole discretion of the Holder may be pursued singly, successively or together and exercised as often as the Holder desires.

 

Section 4.06 This Note
will be governed in accordance with the laws of the State of Texas.

 

Section 4.07 Any notice
required or permitted hereunder shall be given in writing and shall be conclusively deemed effectively given upon personal delivery
or delivery by courier, or five days after deposit in the United States mail, by registered or certified mail, postage prepaid.

 

Section 4.08 Upon receipt
of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note and, in the case
of loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of mutilation,
upon surrender and cancellation of this Note, the Company, at its expense, will make and deliver a new Note, of like tenor, in
lieu of the lost, stolen, destroyed or mutilated Note.

 

    	 	 	 

     

     

Section 4.09 If one
or more provisions of this Note are held unenforceable under applicable law, the unenforceable provision will be excluded from
this Note and the balance of this Note will be interpreted as if such provision were so excluded and will be enforceable in accordance
with its terms. The parties to this Note agree to replace any void or unenforceable provision of this Note with a valid and enforceable
provision that will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provision.

 

IN WITNESS WHEREOF, the
Company has executed this Note by its duly authorized officer as of the date and year first written above.

 

	 	 	Valmie Resources Inc.
	 	 	 
	 	By: 	/s/
    Gerald Hammack
	 	 	Gerald Hammack
	 	 	Chairman and President

 

    	 	 	 

     

      

VALMIE RESOURCES INC.

 

PROMISSORY NOTE

 

	April 12, 2016	$15,000.00

 

FOR VALUE RECEIVED, Valmie
Resources, Inc. a Nevada corporation (the “Company”), promises to pay to the order of Crystal Resource Corp.
or its permitted assigns, transferees and successors as provided herein (the “Holder”), or as the Holder may
direct, at such location as the Holder may designate, Fifteen Thousand Dollars and Zero Cents ($15,000.00) plus simple interest
on such principal amount from the date of this Promissory Note (the “Note”) at an annual interest rate equal
to fifteen percent (15%).

 

Interest will be computed
on the basis of a year of 365 days for the actual number of days elapsed from the date of this Note. The number of days used to
compute the interest will include the first day but exclude the last day during which any principal is outstanding.

 

ARTICLE I.

THE NOTE & SECURITY
INTEREST

 

Section 1.01 This
Note is issued by the Company on April 12, 2016 (the “Issuance Date”). On April 15, 2016, Holder hereof made
advances to the Company in the aggregate amount of $15,000.00.

 

Section 1.02 As security
for the due performance and payment of Company’s obligation under this Note, Company has granted to Holder a security interest
in any and all of the assets, properties, goods, inventory, equipment, furniture, fixtures, leases, supplies, records, money, documents,
instruments, chattel paper, accounts, intellectual property rights (including but not limited to, copyrights, moral rights, patents,
patent applications, trademarks, service marks, trade names, trade secrets) and other general intangibles, whether owned by Company
on the date of this Note or hereafter acquired, and all proceeds thereof.

 

ARTICLE II.

PRINCIPAL AND INTEREST
PAYMENTS.

 

Section 2.01 The entire
principal amount of this Note together with accrued and unpaid interest thereon will be due and payable on April 11, 2018 (the
“Repayment Date”).

 

Section 2.02 The principal
and interest on this Note will be payable in the lawful currency of the United States of America by wire transfer or other such
immediately available funds and without set-off or counterclaim, free and clear of and without deduction for any present or future
taxes, restrictions or conditions of any nature.

 

Section 2.03 All payments
under this Note prior to demand or acceleration will be applied first, to any and all costs, expenses or charges then owed by the
Company to the Holder, second, to accrued and unpaid interest, and third, to the unpaid principal balance. All payments so received
after demand or acceleration will be applied in such manner as the Holder may determine in its sole and absolute discretion.

 

    	 	 	 

     

     

Section 2.04 Whenever
any payment on this Note is stated to be due on a day which is not a business day, the payment will be made on the next succeeding
business day and the extension of time will be included in the computation of the payment of interest of this Note.

 

Section 2.05 Overdue
principal and interest will bear interest at a rate equal to the greater of (i) twenty-five percent (25%) or (ii) the highest rate
permitted by applicable law. Overdue principal and interest will be payable on demand.

 

Section 2.06 This Note
may be prepaid at any time.

 

ARTICLE III.

DEFAULT; ACCELERATION

 

The occurrence of any one
or more of the following events with respect to the Company constitutes an event of default hereunder (“Event of Default”):

 

Section 3.01 The Company
fails to pay: (a) the principal of this Note or the accrued interest thereon when due; or (b) the principal or the accrued interest
on any other obligation of the Company to the Holder when due.

 

Section 3.02 The Company
breaches, in any materially respect, any covenant, representation or warranty in this Note or the term of any other existing instrument
or agreement between the Company and the Holder.

 

Section 3.03 The Company
(a) voluntarily becomes subject to any proceeding under the Bankruptcy Code or any similar remedy under state statutory or common
law, or (b) admits in writing its inability to pay debts generally as they become due.

 

Section 3.04 Within
60 days after the commencement of proceedings against the Company seeking any bankruptcy, insolvency, liquidation, dissolution
or similar relief under any present or future statute, law or regulation (a) such action has not been dismissed or all orders or
proceedings thereunder affecting the operations or the business of the Company stayed, or (b) the stay of any such order or proceedings
has been set aside, or, within 60 days after the appointment without the consent or acquiescence of the Company of any trustee,
receiver or liquidator of the Company or of all or any substantial part of the properties of the Company, the appointment has not
been vacated.

 

Section 3.05 Any litigation
is commenced against the Company by a person other than Holder, any of its affiliates, or any person acting in concert with them,
if: (a) the damages sought are in excess of $250,000.

 

Section 3.06 The Company
defaults under any instrument or agreement between the Company and any third party evidencing indebtedness of the Company in excess
of $250,000.

 

    	 	 	 

     

     

Upon the occurrence of
an Event of Default under this Note, the entire unpaid principal balance of this Note, together with all accrued interest thereon,
shall become immediately due and payable regardless of any prior forbearance and without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Company. The Holder may exercise any and all rights and remedies
available to the Holder under applicable law, including, without limitation, the right to collect from the Company all amounts
due under this Note.

 

ARTICLE IV.

MISCELLANEOUS

 

Section 4.01 The Company
waives diligence, presentment, protest, demand and notice of protest, demand, dishonor and nonpayment of this Note, and expressly
agrees that this Note, and any payment under it, may be extended by the Holder from time to time without in any way affecting the
liability of the Company.

 

Section 4.02 Any term
of this Note may be amended or waived only with the written consent of the Company and the Holder; provided, however,
that, in no event shall the principal amount of this Note be amended without the written consent of the Holder of this Note. By
acceptance hereof, the Holder acknowledges that in the event consent is obtained pursuant to the foregoing sentence, any term of
this Note (other than the principal amount thereof) may be amended or waived with or without the consent of the Holder. Any amendment
or waiver effectuated in accordance with this Section 4.02 shall be binding upon the Company, the Holder and each transferee of
this Note.

 

Section 4.03 All rights
and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs and administrators
of the parties. As used in this Note, the Company includes any corporation, partnership, Limited Liability Company or other entity
that succeeds to or assumes the obligations of the Company under this Note. “Holder” means any person who is at the
time the registered holder of this Note.

 

Section 4.04 The Company
agrees to reimburse the Holder for all attorneys’ fees and expenses incurred by the Holder in connection with the collection
and enforcement of this Note.

 

Section 4.05 The rights
and remedies of the Holder under this Note and as may otherwise be available at law or in equity are cumulative and concurrent
and at the sole discretion of the Holder may be pursued singly, successively or together and exercised as often as the Holder desires.

 

Section 4.06 This Note
will be governed in accordance with the laws of the State of Texas.

 

Section 4.07 Any notice
required or permitted hereunder shall be given in writing and shall be conclusively deemed effectively given upon personal delivery
or delivery by courier, or five days after deposit in the United States mail, by registered or certified mail, postage prepaid.

 

Section 4.08 Upon receipt
of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note and, in the case
of loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of mutilation,
upon surrender and cancellation of this Note, the Company, at its expense, will make and deliver a new Note, of like tenor, in
lieu of the lost, stolen, destroyed or mutilated Note.

 

    	 	 	 

     

     

Section 4.09 If one
or more provisions of this Note are held unenforceable under applicable law, the unenforceable provision will be excluded from
this Note and the balance of this Note will be interpreted as if such provision were so excluded and will be enforceable in accordance
with its terms. The parties to this Note agree to replace any void or unenforceable provision of this Note with a valid and enforceable
provision that will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provision.

 

IN WITNESS WHEREOF, the Company has executed
this Note by its duly authorized officer as of the date and year first written above.

 

	 	 	Valmie Resources Inc.
	 	 	 
	 	By: 	/s/
    Gerald Hammack
	 	 	Gerald Hammack
	 	 	Chairman and President

 

    	 	 	 

     

    

 

VALMIE RESOURCES INC.

 

PROMISSORY NOTE

 

	April 26, 2016	$15,000.00

 

FOR VALUE RECEIVED, Valmie
Resources, Inc. a Nevada corporation (the “Company”), promises to pay to the order of Crystal Resource Corp.
or its permitted assigns, transferees and successors as provided herein (the “Holder”), or as the Holder may
direct, at such location as the Holder may designate, Fifteen Thousand Dollars and Zero Cents ($15,000.00) plus simple interest
on such principal amount from the date of this Promissory Note (the “Note”) at an annual interest rate equal
to fifteen percent (15%).

 

Interest will be computed
on the basis of a year of 365 days for the actual number of days elapsed from the date of this Note. The number of days used to
compute the interest will include the first day but exclude the last day during which any principal is outstanding.

 

ARTICLE I.

THE NOTE & SECURITY
INTEREST

 

Section 1.01 This Note
is issued by the Company on April 26, 2016 (the “Issuance Date”). On April 26, 2016, Holder hereof made advances
to the Company in the aggregate amount of $15,000.00.

 

Section 1.02 As security
for the due performance and payment of Company’s obligation under this Note, Company has granted to Holder a security interest
in any and all of the assets, properties, goods, inventory, equipment, furniture, fixtures, leases, supplies, records, money, documents,
instruments, chattel paper, accounts, intellectual property rights (including but not limited to, copyrights, moral rights, patents,
patent applications, trademarks, service marks, trade names, trade secrets) and other general intangibles, whether owned by Company
on the date of this Note or hereafter acquired, and all proceeds thereof.

 

ARTICLE II.

PRINCIPAL AND INTEREST
PAYMENTS.

 

Section 2.01 The entire
principal amount of this Note together with accrued and unpaid interest thereon will be due and payable on April 26, 2018 (the
“Repayment Date”).

 

Section 2.02 The principal
and interest on this Note will be payable in the lawful currency of the United States of America by wire transfer or other such
immediately available funds and without set-off or counterclaim, free and clear of and without deduction for any present or future
taxes, restrictions or conditions of any nature.

 

Section 2.03 All payments
under this Note prior to demand or acceleration will be applied first, to any and all costs, expenses or charges then owed by the
Company to the Holder, second, to accrued and unpaid interest, and third, to the unpaid principal balance. All payments so received
after demand or acceleration will be applied in such manner as the Holder may determine in its sole and absolute discretion.

 

    	 	 	 

     

     

Section 2.04 Whenever
any payment on this Note is stated to be due on a day which is not a business day, the payment will be made on the next succeeding
business day and the extension of time will be included in the computation of the payment of interest of this Note.

 

Section 2.05 Overdue
principal and interest will bear interest at a rate equal to the greater of (i) twenty-five percent (25%) or (ii) the highest rate
permitted by applicable law. Overdue principal and interest will be payable on demand.

 

Section 2.06 This Note
may be prepaid at any time.

 

ARTICLE III.

DEFAULT; ACCELERATION

 

The occurrence of any one
or more of the following events with respect to the Company constitutes an event of default hereunder (“Event of Default”):

 

Section 3.01 The Company
fails to pay: (a) the principal of this Note or the accrued interest thereon when due; or (b) the principal or the accrued interest
on any other obligation of the Company to the Holder when due.

 

Section 3.02 The Company
breaches, in any materially respect, any covenant, representation or warranty in this Note or the term of any other existing instrument
or agreement between the Company and the Holder.

 

Section 3.03 The Company
(a) voluntarily becomes subject to any proceeding under the Bankruptcy Code or any similar remedy under state statutory or common
law, or (b) admits in writing its inability to pay debts generally as they become due.

 

Section 3.04 Within
60 days after the commencement of proceedings against the Company seeking any bankruptcy, insolvency, liquidation, dissolution
or similar relief under any present or future statute, law or regulation (a) such action has not been dismissed or all orders or
proceedings thereunder affecting the operations or the business of the Company stayed, or (b) the stay of any such order or proceedings
has been set aside, or, within 60 days after the appointment without the consent or acquiescence of the Company of any trustee,
receiver or liquidator of the Company or of all or any substantial part of the properties of the Company, the appointment has not
been vacated.

 

Section 3.05 Any litigation
is commenced against the Company by a person other than Holder, any of its affiliates, or any person acting in concert with them,
if: (a) the damages sought are in excess of $250,000.

 

Section 3.06 The Company
defaults under any instrument or agreement between the Company and any third party evidencing indebtedness of the Company in excess
of $250,000.

 

    	 	 	 

     

     

Upon the occurrence of
an Event of Default under this Note, the entire unpaid principal balance of this Note, together with all accrued interest thereon,
shall become immediately due and payable regardless of any prior forbearance and without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Company. The Holder may exercise any and all rights and remedies
available to the Holder under applicable law, including, without limitation, the right to collect from the Company all amounts
due under this Note.

 

ARTICLE IV.

MISCELLANEOUS

 

Section 4.01 The Company
waives diligence, presentment, protest, demand and notice of protest, demand, dishonor and nonpayment of this Note, and expressly
agrees that this Note, and any payment under it, may be extended by the Holder from time to time without in any way affecting the
liability of the Company.

 

Section 4.02 Any term
of this Note may be amended or waived only with the written consent of the Company and the Holder; provided, however,
that, in no event shall the principal amount of this Note be amended without the written consent of the Holder of this Note. By
acceptance hereof, the Holder acknowledges that in the event consent is obtained pursuant to the foregoing sentence, any term of
this Note (other than the principal amount thereof) may be amended or waived with or without the consent of the Holder. Any amendment
or waiver effectuated in accordance with this Section 4.02 shall be binding upon the Company, the Holder and each transferee of
this Note.

 

Section 4.03 All rights
and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs and administrators
of the parties. As used in this Note, the Company includes any corporation, partnership, Limited Liability Company or other entity
that succeeds to or assumes the obligations of the Company under this Note. “Holder” means any person who is at the
time the registered holder of this Note.

 

Section 4.04 The Company
agrees to reimburse the Holder for all attorneys’ fees and expenses incurred by the Holder in connection with the collection
and enforcement of this Note.

 

Section 4.05 The rights
and remedies of the Holder under this Note and as may otherwise be available at law or in equity are cumulative and concurrent
and at the sole discretion of the Holder may be pursued singly, successively or together and exercised as often as the Holder desires.

 

Section 4.06 This Note
will be governed in accordance with the laws of the State of Texas.

 

Section 4.07 Any notice
required or permitted hereunder shall be given in writing and shall be conclusively deemed effectively given upon personal delivery
or delivery by courier, or five days after deposit in the United States mail, by registered or certified mail, postage prepaid.

 

Section 4.08 Upon receipt
of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note and, in the case
of loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of mutilation,
upon surrender and cancellation of this Note, the Company, at its expense, will make and deliver a new Note, of like tenor, in
lieu of the lost, stolen, destroyed or mutilated Note.

 

    	 	 	 

     

     

Section 4.09 If one
or more provisions of this Note are held unenforceable under applicable law, the unenforceable provision will be excluded from
this Note and the balance of this Note will be interpreted as if such provision were so excluded and will be enforceable in accordance
with its terms. The parties to this Note agree to replace any void or unenforceable provision of this Note with a valid and enforceable
provision that will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provision.

 

IN WITNESS WHEREOF, the
Company has executed this Note by its duly authorized officer as of the date and year first written above.

 

	 	 	Valmie Resources Inc.
	 	 	 
	 	By: 	/s/
    Gerald Hammack
	 	 	Gerald Hammack
	 	 	Chairman and PresidentEX-10.1

 Exhibit 10.1 

FORM OF DIRECTOR INDEMNIFICATION AGREEMENT 

This Indemnification Agreement (“Agreement”) is made as of
                             by and between Alnylam Pharmaceuticals, Inc., a Delaware corporation (the
“Company”), and                          (“Indemnitee”). 

RECITALS 
 WHEREAS, the Company
desires to attract and retain the services of highly qualified individuals, such as Indemnitee, to serve the Company; 
 WHEREAS, in order
to induce Indemnitee to [provide or continue to provide] services to the Company, the Company wishes to provide for the indemnification of, and advancement of expenses to, Indemnitee to the maximum extent permitted by law; 

WHEREAS, the Certificate of Incorporation (the “Charter”) of the Company requires indemnification of the officers and
directors of the Company, and Indemnitee may also be entitled to indemnification pursuant to the General Corporation Law of the State of Delaware (the “DGCL”); 

WHEREAS, the Charter and the DGCL expressly provide that the indemnification provisions set forth therein are not exclusive, and thereby
contemplate that contracts may be entered into between the Company and members of the board of directors, officers and other persons with respect to indemnification; 

WHEREAS, the Board of Directors of the Company (the “Board”) has determined that the increased difficulty in attracting and
retaining highly qualified persons such as Indemnitee is detrimental to the best interests of the Company’s stockholders; 
 WHEREAS,
it is reasonable and prudent for the Company contractually to obligate itself to indemnify, and to advance expenses on behalf of, such persons to the fullest extent permitted by applicable law, regardless of any amendment or revocation of the
Charter, so that they will [serve or continue to serve] the Company free from undue concern that they will not be so indemnified; 

WHEREAS, this Agreement is a supplement to and in furtherance of the indemnification provided in the Charter and any resolutions adopted
pursuant thereto, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder; and 

[WHEREAS, Indemnitee has certain rights to indemnification and/or insurance provided by [Name of Fund/Sponsor] which Indemnitee and [Name of
Fund/Sponsor] intend to be secondary to the primary obligation of the Company to indemnify Indemnitee as provided in this Agreement, with the Company’s acknowledgment and agreement to the foregoing being a material condition to
Indemnitee’s willingness to [serve or continue to serve] on the Board.] 
 NOW, THEREFORE, in consideration of the premises and the
covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows: 
 Section
1.        Services to the Company.  Indemnitee agrees to serve as a director of the Company. Indemnitee may at any time and for any reason resign from such position (subject to any other
contractual obligation or any obligation imposed by law), in which event the Company shall have no obligation under this Agreement to continue Indemnitee in such position. This Agreement shall not be deemed an employment contract between the
Company (or any of its subsidiaries or any Enterprise) and Indemnitee. 

  
 1 

 Section 2.         Definitions. 

As used in this Agreement: 

(a)      “Change in Control” shall mean (i) the sale of all or substantially all of the assets
of the Company on a consolidated basis to an unrelated person or entity, (ii) a merger, reorganization or consolidation pursuant to which the holders of the Company’s outstanding voting power and outstanding stock immediately prior to such
transaction do not own a majority of the outstanding voting power and outstanding stock or other equity interests of the resulting or successor entity (or its ultimate parent, if applicable) immediately upon completion of such transaction, (iii) the
sale of all of the stock of the Company to an unrelated person, entity or group thereof acting in concert, or (iv) any other transaction in which the owners of the Company’s outstanding voting power immediately prior to such transaction do not
own at least a majority of the outstanding voting power of the Company or any successor entity immediately upon completion of the transaction other than as a result of the acquisition of securities directly from the Company. 

(b)      “Corporate Status” describes the status of a person as a current or former director
of the Company or current or former director, manager, partner, officer, employee, agent or trustee of any other Enterprise which such person is or was serving at the request of the Company. 

(c)      “Enforcement Expenses” shall include all reasonable attorneys’ fees, court
costs, transcript costs, fees of experts, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other out-of-pocket disbursements or expenses of the types customarily incurred in
connection with an action to enforce indemnification or advancement rights, or an appeal from such action. Expenses, however, shall not include fees, salaries, wages or benefits owed to Indemnitee. 

(d)      “Enterprise” shall mean any corporation (other than the Company), partnership, joint
venture, trust, employee benefit plan, limited liability company, or other legal entity of which Indemnitee is or was serving at the request of the Company as a director, manager, partner, officer, employee, agent or trustee. 

(e)      “Expenses” shall include all reasonable attorneys’ fees, court costs, transcript
costs, fees of experts, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other out-of-pocket disbursements or expenses of the types customarily incurred in connection with
prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, a Proceeding or an appeal resulting from a Proceeding. Expenses, however, shall not include amounts
paid in settlement by Indemnitee, the amount of judgments or fines against Indemnitee or fees, salaries, wages or benefits owed to Indemnitee. 

  
 2 

 (f)      “Independent Counsel” means a law firm,
or a partner (or, if applicable, member or shareholder) of such a law firm, that is experienced in matters of Delaware corporation law and neither presently is, nor in the past five (5) years has been, retained to represent: (i) the Company, any
subsidiary of the Company, any Enterprise or Indemnitee in any matter material to any such party; or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term
“Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine
Indemnitee’s rights under this Agreement. The Company agrees to pay the reasonable fees and expenses of the Independent Counsel referred to above and to fully indemnify such counsel against any and all expenses, claims, liabilities and
damages arising out of or relating to this Agreement or its engagement pursuant hereto. 
 (g)     The term
“Proceeding” shall include any threatened, pending or completed action, suit, arbitration, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or completed
proceeding, whether brought in the right of the Company or otherwise and whether of a civil, criminal, administrative, regulatory or investigative nature, and whether formal or informal, in which Indemnitee was, is or will be involved as a party or
otherwise by reason of the fact that Indemnitee is or was a director of the Company or is or was serving at the request of the Company as a director, manager, partner, officer, employee, agent or trustee of any Enterprise or by reason of any action
taken by Indemnitee or of any action taken on his or her part while acting as a director of the Company or while serving at the request of the Company as a director, manager, partner, officer, employee, agent or trustee of any Enterprise, in each
case whether or not serving in such capacity at the time any liability or expense is incurred for which indemnification, reimbursement or advancement of expenses can be provided under this Agreement; provided, however, that the term
“Proceeding” shall not include any action, suit or arbitration, or part thereof, initiated by Indemnitee to enforce Indemnitee’s rights under this Agreement as provided for in Section 12(a) of this Agreement. 

Section 3.        Indemnity in Third-Party Proceedings.  The Company shall indemnify
Indemnitee to the extent set forth in this Section 3 if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding, other than a Proceeding by or in the right of the Company to procure a judgment in its
favor. Pursuant to this Section 3, Indemnitee shall be indemnified against all Expenses, judgments, fines, penalties, excise taxes, and amounts paid in settlement actually and reasonably incurred by Indemnitee or on his or her behalf in
connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company and, in the case of a criminal
proceeding, had no reasonable cause to believe that his or her conduct was unlawful.
 Section
4.        Indemnity in Proceedings by or in the Right of the Company.  The Company shall indemnify Indemnitee to the extent set forth in this Section 4 if Indemnitee is, or

  
 3 

 
is threatened to be made, a party to or a participant in any Proceeding by or in the right of the Company to procure a judgment in its favor. Pursuant to this Section 4, Indemnitee shall be
indemnified against all Expenses actually and reasonably incurred by Indemnitee or on his or her behalf in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner he or she reasonably
believed to be in or not opposed to the best interests of the Company. No indemnification for Expenses shall be made under this Section 4 in respect of any claim, issue or matter as to which Indemnitee shall have been finally adjudged by a
court to be liable to the Company, unless and only to the extent that the Delaware Court of Chancery (the “Delaware Court”) shall determine upon application that, despite the adjudication of liability but in view of all the
circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnification for such expenses as the Delaware Court shall deem proper. 

Section 5.        Indemnification for Expenses of a Party Who is Wholly or Partly Successful.
 Notwithstanding any other provisions of this Agreement and except as provided in Section 7, to the extent that Indemnitee is a party to or a participant in any Proceeding and is successful in such Proceeding or in defense of any claim, issue
or matter therein, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by him or her in connection therewith. If Indemnitee is not wholly successful in such Proceeding but is successful as to one or more
but less than all claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by Indemnitee or on his or her behalf in connection with each successfully resolved claim,
issue or matter. For purposes of this Section and without limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue
or matter. 
 Section 6.        Reimbursement for Expenses of a Witness or in Response to a
Subpoena.  Notwithstanding any other provision of this Agreement, to the extent that Indemnitee, by reason of his or her Corporate Status, (i) is a witness in any Proceeding to which Indemnitee is not a party and is not threatened to be
made a party or (ii) receives a subpoena with respect to any Proceeding to which Indemnitee is not a party and is not threatened to be made a party, the Company shall reimburse Indemnitee for all Expenses actually and reasonably incurred by him or
her or on his or her behalf in connection therewith. 
 Section
7.        Exclusions.  Notwithstanding any provision in this Agreement to the contrary, the Company shall not be obligated under this Agreement:

(a)     to indemnify for amounts otherwise indemnifiable hereunder (or for which advancement is provided hereunder)
if and to the extent that Indemnitee has otherwise actually received such amounts under any insurance policy, contract, agreement or otherwise[; provided that the foregoing shall not affect the rights of Indemnitee or the Fund Indemnitors as
set forth in Section 13(c)]; 
 (b)     to indemnify for an accounting of profits made from the purchase and sale
(or sale and purchase) by Indemnitee of securities of the Company within the meaning of Section 16(b) of the Securities Exchange Act of 1934, as amended, or similar provisions of state statutory law or common law, or from the purchase or sale by
Indemnitee of such securities in violation of Section 306 of the Sarbanes-Oxley Act of 2002; 

  
 4 

 (c)      to indemnify with respect to any Proceeding, or part
thereof, brought by Indemnitee against the Company, any legal entity which it controls, any director or officer thereof or any third party, unless (i) the Board has consented to the initiation of such Proceeding or part thereof and (ii) the Company
provides the indemnification, in its sole discretion, pursuant to the powers vested in the Company under applicable law; provided, however, that this Section 7(d) shall not apply to (A) counterclaims or affirmative defenses asserted by
Indemnitee in an action brought against Indemnitee or (B) any action brought by Indemnitee for indemnification or advancement from the Company under this Agreement or under any directors’ and officers’ liability insurance policies
maintained by the Company in the suit for which indemnification or advancement is being sought as described in Section 12; or 

(d)      to provide any indemnification or advancement of expenses that is prohibited by applicable law (as
such law exists at the time payment would otherwise be required pursuant to this Agreement). 
 Section
8.         Advancement of Expenses.  Subject to Section 9(b), the Company shall advance, to the extent not prohibited by law, the Expenses incurred by Indemnitee in connection with any
Proceeding, and such advancement shall be made within forty-five (45) days after the receipt by the Company of a statement or statements requesting such advances (including any invoices received by Indemnitee, which such invoices may be redacted as
necessary to avoid the waiver of any privilege accorded by applicable law) from time to time, whether prior to or after final disposition of any Proceeding. Advances shall be unsecured and interest free. Advances shall be made without
regard to Indemnitee’s (i) ability to repay the expenses, (ii) ultimate entitlement to indemnification under the other provisions of this Agreement, and (iii) entitlement to and availability of insurance coverage, including advancement, payment
or reimbursement of defense costs, expenses or covered loss under the provisions of any applicable insurance policy (including, without limitation, whether such advancement, payment or reimbursement is withheld, conditioned or delayed by the
insurer(s)). Indemnitee shall qualify for advances upon the execution and delivery to the Company of this Agreement which shall constitute an undertaking providing that Indemnitee undertakes to the fullest extent required by law to repay the
advance if and to the extent that it is ultimately determined by a court of competent jurisdiction in a final judgment, not subject to appeal, that Indemnitee is not entitled to be indemnified by the Company. The right to advances under this
paragraph shall in all events continue until final disposition of any Proceeding, including any appeal therein. Nothing in this Section 8 shall limit Indemnitee’s right to advancement pursuant to Section 12(e) of this Agreement. 

Section 9.         Procedure for Notification and Defense of Claim. 

(a)      To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written
request therefor specifying the basis for the claim, the amounts for which Indemnitee is seeking payment under this Agreement, and all documentation related thereto as reasonably requested by the Company.

  
 5 

 (b)      In the event that the Company shall be obligated
hereunder to provide indemnification for or make any advancement of Expenses with respect to any Proceeding, the Company shall be entitled to assume the defense of such Proceeding, or any claim, issue or matter therein, with counsel approved by
Indemnitee (which approval shall not be unreasonably withheld or delayed) upon the delivery to Indemnitee of written notice of the Company’s election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the
retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees or expenses of separate counsel subsequently employed by or on behalf of Indemnitee with respect to the same Proceeding;
provided that (i) Indemnitee shall have the right to employ separate counsel in any such Proceeding at Indemnitee’s expense and (ii) if (A) the employment of separate counsel by Indemnitee has been previously authorized by the Company,
(B) Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of such defense, or (C) the Company shall not continue to retain such counsel to defend such Proceeding, then
the fees and expenses actually and reasonably incurred by Indemnitee with respect to his or her separate counsel shall be Expenses hereunder.

(c)      In the event that the Company does not assume the defense in a Proceeding pursuant to paragraph (b)
above, then the Company will be entitled to participate in the Proceeding at its own expense. 
 (d)      The
Company shall not be liable to indemnify Indemnitee under this Agreement for any amounts paid in settlement of any Proceeding effected without its prior written consent (which consent shall not be unreasonably withheld or delayed). Without
limiting the generality of the foregoing, the fact that an insurer under an applicable insurance policy delays or is unwilling to consent to such settlement or is or may be in breach of its obligations under such policy, or the fact that
directors’ and officers’ liability insurance is otherwise unavailable or not maintained by the Company, may not be taken into account by the Company in determining whether to provide its consent. The Company shall not, without the prior
written consent of Indemnitee (which consent shall not be unreasonably withheld or delayed), enter into any settlement which (i) includes an admission of fault of Indemnitee, any non-monetary remedy imposed on Indemnitee or any monetary damages for
which Indemnitee is not wholly and actually indemnified hereunder or (ii) with respect to any Proceeding with respect to which Indemnitee may be or is made a party or may be otherwise entitled to seek indemnification hereunder, does not include the
full release of Indemnitee from all liability in respect of such Proceeding. 
 Section
10.       Procedure Upon Application for Indemnification. 

(a)      Upon written request by Indemnitee for indemnification pursuant to Section 9(a), a determination, if
such determination is required by applicable law, with respect to Indemnitee’s entitlement to indemnification hereunder shall be made in the specific case by one of the following methods: (x) if a Change in Control shall have occurred, by
Independent Counsel in a written opinion to the Board; or (y) if a Change in Control shall not have occurred: (i) by a majority vote of the disinterested directors, even though less than a quorum; (ii) by a committee of disinterested directors
designated by a majority vote of the disinterested directors, 

  
 6 

 
even though less than a quorum; or (iii) if there are no disinterested directors or if the disinterested directors so direct, by Independent Counsel in a written opinion to the Board. For
purposes hereof, disinterested directors are those members of the Board who are not parties to the action, suit or proceeding in respect of which indemnification is sought. In the case that such determination is made by Independent Counsel, a
copy of Independent Counsel’s written opinion shall be delivered to Indemnitee and, if it is so determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within forty-five (45) days after such
determination. Indemnitee shall cooperate with the Independent Counsel or the Company, as applicable, in making such determination with respect to Indemnitee’s entitlement to indemnification, including providing to such counsel or the
Company, upon reasonable advance request, any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination. Any
out-of-pocket costs or expenses (including reasonable attorneys’ fees and disbursements) actually and reasonably incurred by Indemnitee in so cooperating with the Independent Counsel or the Company shall be borne by the Company (irrespective of
the determination as to Indemnitee’s entitlement to indemnification) and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom. 

(b)      If the determination of entitlement to indemnification is to be made by Independent Counsel pursuant
to Section 10(a), the Independent Counsel shall be selected by the Board if a Change in Control shall not have occurred or, if a Change in Control shall have occurred, by Indemnitee. Indemnitee or the Company, as the case may be, may, within
ten (10) days after written notice of such selection, deliver to the Company or Indemnitee, as the case may be, a written objection to such selection; provided, however, that such objection may be asserted only on the ground that the
Independent Counsel so selected does not meet the requirements of “Independent Counsel” as defined in Section 2 of this Agreement, and the objection shall set forth with particularity the factual basis of such assertion. Absent a
proper and timely objection, the person so selected shall act as Independent Counsel. If such written objection is so made and substantiated, the Independent Counsel so selected may not serve as Independent Counsel unless and until such
objection is withdrawn or the Delaware Court has determined that such objection is without merit. If, within twenty (20) days after the later of (i) submission by Indemnitee of a written request for indemnification pursuant to Section 9(a), and
(ii) the final disposition of the Proceeding, including any appeal therein, no Independent Counsel shall have been selected without objection, either Indemnitee or the Company may petition the Delaware Court for resolution of any objection which
shall have been made by Indemnitee or the Company to the selection of Independent Counsel and/or for the appointment as Independent Counsel of a person selected by the court or by such other person as the court shall designate. The person with
respect to whom all objections are so resolved or the person so appointed shall act as Independent Counsel under Section 10(a) hereof. Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 12(a) of this
Agreement, Independent Counsel shall be discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing). 

(c)      Notwithstanding anything to the contrary contained in this Agreement, the determination of entitlement
to indemnification under this Agreement shall be made without regard to the Indemnitee’s entitlement to and availability of insurance coverage, including advancement, payment or reimbursement of defense costs, expenses or covered loss under the
provisions of any applicable insurance policy (including, without limitation, whether such advancement, payment or reimbursement is withheld, conditioned or delayed by the insurer(s)). 

  
 7 

 Section 11.       Presumptions and Effect of Certain
Proceedings. 
 (a)      To the extent permitted by applicable law, in making a determination with
respect to entitlement to indemnification hereunder, it shall be presumed that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 9(a) of this
Agreement, and the Company shall have the burden of proof to overcome that presumption in connection with the making of any determination contrary to that presumption. 

(b)      The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order,
settlement or conviction, or upon a plea of guilty, nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself adversely affect the right of Indemnitee to indemnification or create
a presumption that Indemnitee did not act in good faith and in a manner which he or she reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee had reasonable
cause to believe that his or her conduct was unlawful. 
 (c)      The knowledge and/or actions, or failure
to act, of any director, manager, partner, officer, employee, agent or trustee of the Company, any subsidiary of the Company, or any Enterprise shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this
Agreement. 
 Section 12.       Remedies of Indemnitee. 

(a)      Subject to Section 12(f), in the event that (i) a determination is made pursuant to Section 10 of this
Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 of this Agreement, (iii) no determination of entitlement to indemnification shall have been made
pursuant to Section 10(a) of this Agreement within sixty (60) days after receipt by the Company of the request for indemnification for which a determination is to be made other than by Independent Counsel, (iv) payment of indemnification or
reimbursement of expenses is not made pursuant to Section 5 or 6 or the last sentence of Section 10(a) of this Agreement within forty-five (45) days after receipt by the Company of a written request therefor (including any invoices received by
Indemnitee, which such invoices may be redacted as necessary to avoid the waiver of any privilege accorded by applicable law) or (v) payment of indemnification pursuant to Section 3 or 4 of this Agreement is not made within forty-five (45) days
after a determination has been made that Indemnitee is entitled to indemnification, Indemnitee shall be entitled to an adjudication by the Delaware Court of his or her entitlement to such indemnification or advancement. Alternatively, Indemnitee, at
his or her option, may seek an award in arbitration to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration Association. Indemnitee shall commence such proceeding seeking an adjudication or an
award in arbitration within 180 days following the date on which Indemnitee first has the right to commence such proceeding pursuant to this Section 12(a); provided, 

  
 8 

 
however, that the foregoing time limitation shall not apply in respect of a proceeding brought by Indemnitee to enforce his or her rights under Section 5 of this Agreement. The
Company shall not oppose Indemnitee’s right to seek any such adjudication or award in arbitration. 

(b)      In the event that a determination shall have been made pursuant to Section 10(a) of this Agreement
that Indemnitee is not entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 12 shall be conducted in all respects as a de novo trial, or arbitration, on the merits and Indemnitee shall not be
prejudiced by reason of that adverse determination. In any judicial proceeding or arbitration commenced pursuant to this Section 12, the Company shall have the burden of proving Indemnitee is not entitled to indemnification or advancement, as
the case may be. 
 (c)      If a determination shall have been made pursuant to Section 10(a) of this
Agreement that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 12, absent (i) a misstatement by Indemnitee of a material fact,
or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law. 

(d)      The Company shall be precluded from asserting in any judicial proceeding or arbitration commenced
pursuant to this Section 12 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before any such arbitrator that the Company is bound by all the provisions of this
Agreement.
 (e)      The Company shall indemnify Indemnitee to the fullest extent permitted by law against
any and all Enforcement Expenses and, if requested by Indemnitee, shall (within forty-five (45) days after receipt by the Company of a written request therefor) advance, to the extent not prohibited by law, such Enforcement Expenses to
Indemnitee, which are incurred by Indemnitee in connection with any action brought by Indemnitee for indemnification or advancement from the Company under this Agreement or under any directors’ and officers’ liability insurance policies
maintained by the Company in the suit for which indemnification or advancement is being sought. Such written request for advancement shall include invoices received by Indemnitee in connection with such Enforcement Expenses but, in the case of
invoices in connection with legal services, any references to legal work performed or to expenditures made that would cause Indemnitee to waive any privilege accorded by applicable law need not be included with the invoice. 

(f)      Notwithstanding anything in this Agreement to the contrary, no determination as to entitlement to
indemnification under this Agreement shall be required to be made prior to the final disposition of the Proceeding, including any appeal therein. 

Section 13.      Non-exclusivity; Survival of Rights; Insurance; [Primacy of Indemnification;] Subrogation.

 (a)      The rights of indemnification and to receive advancement as provided by this Agreement shall not
be deemed exclusive of any other rights to which Indemnitee may at any time be entitled under applicable law, the Charter, any agreement, a vote of stockholders or a 

  
 9 

 
resolution of directors, or otherwise. No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in
respect of any action taken or omitted by such Indemnitee in his or her Corporate Status prior to such amendment, alteration or repeal. To the extent that a change in Delaware law, whether by statute or judicial decision, permits greater
indemnification or advancement than would be afforded currently under the Charter and this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. No right
or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in
equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy. 

(b)      To the extent that the Company maintains an insurance policy or policies providing liability insurance
for directors, managers, partners, officers, employees, agents or trustees of the Company or of any other Enterprise, Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage
available for any such director, manager, partner, officer, employee, agent or trustee under such policy or policies. If, at the time of the receipt of a notice of a claim pursuant to the terms hereof, the Company has director and officer
liability insurance in effect, the Company shall give prompt notice of the commencement of such proceeding to the insurers in accordance with the procedures set forth in the respective policies. 

(c)      [The Company hereby acknowledges that Indemnitee has certain rights to indemnification, advancement of
expenses and/or insurance provided by [Name of Fund/Sponsor] and certain of [its][their] affiliates (collectively, the “Fund Indemnitors”). The Company hereby agrees (i) that it is the indemnitor of first resort (i.e.,
its obligations to Indemnitee are primary and any obligation of the Fund Indemnitors to advance expenses or to provide indemnification for the same expenses or liabilities incurred by Indemnitee are secondary), (ii) that it shall be required to
advance the full amount of expenses incurred by Indemnitee and shall be liable for the full amount of all Expenses, judgments, penalties, fines and amounts paid in settlement to the extent legally permitted and as required by the terms of this
Agreement and the Charter (or any other agreement between the Company and Indemnitee), without regard to any rights Indemnitee may have against the Fund Indemnitors, and (iii) that it irrevocably waives, relinquishes and releases the Fund
Indemnitors from any and all claims against the Fund Indemnitors for contribution, subrogation or any other recovery of any kind in respect thereof. The Company further agrees that no advancement or payment by the Fund Indemnitors on behalf of
Indemnitee with respect to any claim for which Indemnitee has sought indemnification from the Company shall affect the foregoing and the Fund Indemnitors shall have a right of contribution and/or be subrogated to the extent of such advancement or
payment to all of the rights of recovery of Indemnitee against the Company. The Company and Indemnitee agree that the Fund Indemnitors are express third party beneficiaries of the terms of this Section 13(c).] 

(d)      [Except as provided in paragraph (c) above,] [I/i]n the event of any payment under this Agreement, the
Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee [(other than against the Fund Indemnitors)], who 

  
 10 

 
shall execute all papers required and take all action necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce such
rights. 
 (e)      [Except as provided in paragraph (c) above,] [T/t]he Company’s obligation to provide
indemnification or advancement hereunder to Indemnitee who is or was serving at the request of the Company as a director, manager, partner, officer, employee, agent or trustee of any other Enterprise shall be reduced by any amount Indemnitee has
actually received as indemnification or advancement from such other Enterprise. 
 Section
14.       Duration of Agreement.  This Agreement shall continue until and terminate upon the later of: (a) ten (10) years after the date that Indemnitee shall have ceased to serve as a director of
the Company or (b) one (1) year after the final termination of any Proceeding, including any appeal, then pending in respect of which Indemnitee is granted rights of indemnification or advancement hereunder and of any proceeding commenced by
Indemnitee pursuant to Section 12 of this Agreement relating thereto. This Agreement shall be binding upon the Company and its successors and assigns and shall inure to the benefit of Indemnitee and his or her heirs, executors and
administrators. The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part, of the business and/or assets of the Company, by
written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken
place. 
 Section 15.       Severability.  If any provision or provisions of this
Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including, without limitation, each portion of any section of
this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and shall remain enforceable to the fullest extent
permitted by law; (b) such provision or provisions shall be deemed reformed to the extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties hereto; and (c) to the fullest extent possible, the
provisions of this Agreement (including, without limitation, each portion of any section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be
construed so as to give effect to the intent manifested thereby. 
 Section 16.       Enforcement.

 (a)      The Company expressly confirms and agrees that it has entered into this Agreement and assumed the
obligations imposed on it hereby in order to induce Indemnitee to [serve or continue to serve] as a director of the Company, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a director of the Company. 

(b)      This Agreement constitutes the entire agreement between the parties hereto with respect to the subject
matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject 

  
 11 

 
matter hereof; provided, however, that this Agreement is a supplement to and in furtherance of the Charter and applicable law, and shall not be deemed a substitute therefor, nor to
diminish or abrogate any rights of Indemnitee thereunder. 
 Section 17.       Modification and
Waiver.  No supplement, modification or amendment, or waiver of any provision, of this Agreement shall be binding unless executed in writing by the parties thereto. No waiver of any of the provisions of this Agreement shall be
deemed or shall constitute a waiver of any other provisions of this Agreement nor shall any waiver constitute a continuing waiver. No supplement, modification or amendment of this Agreement or of any provision hereof shall limit or restrict any
right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee prior to such supplement, modification or amendment. 

Section 18.       Notice by Indemnitee.  Indemnitee agrees promptly to notify the Company
in writing upon being served with any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification, reimbursement or advancement as provided
hereunder. The failure of Indemnitee to so notify the Company shall not relieve the Company of any obligation which it may have to Indemnitee under this Agreement or otherwise. 

Section 19.       Notices.  All notices, requests, demands and other communications under
this Agreement shall be in writing and shall be deemed to have been duly given if (i) delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed, (ii) mailed by certified or registered mail
with postage prepaid, on the third business day after the date on which it is so mailed, (iii) mailed by reputable overnight courier and receipted for by the party to whom said notice or other communication shall have been directed or (iv) sent by
facsimile transmission, with receipt of oral confirmation that such transmission has been received: 

(a)      If to Indemnitee, at such address as Indemnitee shall provide to the Company. 

(b)      If to the Company to: 

          Alnylam Pharmaceuticals, Inc. 

          300 Third Street 

          Cambridge, MA 02142 

          Attention: General Counsel 

or to any other address as may have been furnished to Indemnitee by the Company. 

Section 20.       Contribution.  To the fullest extent permissible under applicable law,
if the indemnification provided for in this Agreement is unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether for judgments, fines,
penalties, excise taxes, amounts paid or to be paid in settlement and/or for Expenses, in connection with any Proceeding in such proportion as is deemed fair and reasonable in light of all of the circumstances in order to reflect (i) the relative
benefits received by the Company and Indemnitee in connection with the event(s) and/or 

  
 12 

 
transaction(s) giving rise to such Proceeding; and/or (ii) the relative fault of the Company (and its directors, officers, employees and agents) and Indemnitee in connection with such event(s)
and/or transactions. 
 Section 21.        Internal Revenue Code Section 409A.  The
Company intends for this Agreement to comply with the Indemnification exception under Section 1.409A-1(b)(10) of the regulations promulgated under the Internal Revenue Code of 1986, as amended (the “Code”), which provides that
indemnification of, or the purchase of an insurance policy providing for payments of, all or part of the expenses incurred or damages paid or payable by Indemnitee with respect to a bona fide claim against Indemnitee or the Company do not provide
for a deferral of compensation, subject to Section 409A of the Code, where such claim is based on actions or failures to act by Indemnitee in his or her capacity as a service provider of the Company. The parties intend that this Agreement be
interpreted and construed with such intent. 
 Section 22.        Applicable Law and Consent to
Jurisdiction.  This Agreement and the legal relations among the parties shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. Except
with respect to any arbitration commenced by Indemnitee pursuant to Section 12(a) of this Agreement, the Company and Indemnitee hereby irrevocably and unconditionally (i) agree that any action or proceeding arising out of or in connection with this
Agreement shall be brought only in the Delaware Court, and not in any other state or federal court in the United States of America or any court in any other country, (ii) consent to submit to the exclusive jurisdiction of the Delaware Court for
purposes of any action or proceeding arising out of or in connection with this Agreement, (iii) consent to service of process at the address set forth in Section 19 of this Agreement with the same legal force and validity as if served upon such
party personally within the State of Delaware, (iv) waive any objection to the laying of venue of any such action or proceeding in the Delaware Court, and (v) waive, and agree not to plead or to make, any claim that any such action or proceeding
brought in the Delaware Court has been brought in an improper or inconvenient forum. 
 Section
23.        Headings.  The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the
construction thereof. 
 Section 24.        Identical Counterparts.  This Agreement
may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same Agreement. Only one such counterpart signed by the party against whom
enforceability is sought needs to be produced to evidence the existence of this Agreement. 
 [Remainder of Page Intentionally Left Blank]

  
 13 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be signed as of the day and year
first above written. 
  

					
	ALNYLAM PHARMACEUTICALS, INC.	 	
		
	By:                                   
                                 	 	
	      Name:	 	
	      Title:	 	
		
	                                    
                                      	 	
	      [Name of Indemnitee]
	 	

 FORM OF OFFICER INDEMNIFICATION AGREEMENT 

This Indemnification Agreement (“Agreement”) is made as of
                                 by and between Alnylam Pharmaceuticals, Inc., a
Delaware corporation (the “Company”), and                          (“Indemnitee”). 

RECITALS 
 WHEREAS, the Company
desires to attract and retain the services of highly qualified individuals, such as Indemnitee, to serve the Company; 
 WHEREAS, in order
to induce Indemnitee to [provide or continue to provide] services to the Company, the Company wishes to provide for the indemnification of, and advancement of expenses to, Indemnitee to the maximum extent permitted by law; 

WHEREAS, the Certificate of Incorporation (the “Charter”) of the Company requires indemnification of the officers and
directors of the Company, and Indemnitee may also be entitled to indemnification pursuant to the General Corporation Law of the State of Delaware (the “DGCL”); 

WHEREAS, the Charter and the DGCL expressly provide that the indemnification provisions set forth therein are not exclusive, and thereby
contemplate that contracts may be entered into between the Company and members of the board of directors, officers and other persons with respect to indemnification; 

WHEREAS, the Board of Directors of the Company (the “Board”) has determined that the increased difficulty in attracting and
retaining highly qualified persons such as Indemnitee is detrimental to the best interests of the Company’s stockholders; 
 WHEREAS,
it is reasonable and prudent for the Company contractually to obligate itself to indemnify, and to advance expenses on behalf of, such persons to the fullest extent permitted by applicable law, regardless of any amendment or revocation of the
Charter, so that they will [serve or continue to serve] the Company free from undue concern that they will not be so indemnified; and 

WHEREAS, this Agreement is a supplement to and in furtherance of the indemnification provided in the Charter and any resolutions adopted
pursuant thereto, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder. 
 NOW,
THEREFORE, in consideration of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows: 

Section 1.        Services to the Company.  Indemnitee agrees to serve as an officer
of the Company. Indemnitee may at any time and for any reason resign from such position (subject to any other contractual obligation or any obligation imposed by law), in which event the Company shall have no obligation under this Agreement to
continue Indemnitee in such position. This Agreement shall not be deemed an employment contract between the Company (or any of its subsidiaries or any Enterprise) and Indemnitee. 

 Section 2.         Definitions. 

As used in this Agreement: 

(a)      “Change in Control” shall mean (i) the sale of all or substantially all of the assets
of the Company on a consolidated basis to an unrelated person or entity, (ii) a merger, reorganization or consolidation pursuant to which the holders of the Company’s outstanding voting power and outstanding stock immediately prior to such
transaction do not own a majority of the outstanding voting power and outstanding stock or other equity interests of the resulting or successor entity (or its ultimate parent, if applicable) immediately upon completion of such transaction, (iii) the
sale of all of the stock of the Company to an unrelated person, entity or group thereof acting in concert, or (iv) any other transaction in which the owners of the Company’s outstanding voting power immediately prior to such transaction do not
own at least a majority of the outstanding voting power of the Company or any successor entity immediately upon completion of the transaction other than as a result of the acquisition of securities directly from the Company. 

(b)      “Corporate Status” describes the status of a person as a current or former officer of
the Company or current or former director, manager, partner, officer, employee, agent or trustee of any other Enterprise which such person is or was serving at the request of the Company. 

(c)      “Enforcement Expenses” shall include all reasonable attorneys’ fees, court
costs, transcript costs, fees of experts, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other out-of-pocket disbursements or expenses of the types customarily incurred in
connection with an action to enforce indemnification or advancement rights, or an appeal from such action. Expenses, however, shall not include fees, salaries, wages or benefits owed to Indemnitee. 

(d)      “Enterprise” shall mean any corporation (other than the Company), partnership, joint
venture, trust, employee benefit plan, limited liability company, or other legal entity of which Indemnitee is or was serving at the request of the Company as a director, manager, partner, officer, employee, agent or trustee. 

(e)      “Expenses” shall include all reasonable attorneys’ fees, court costs, transcript
costs, fees of experts, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other out-of-pocket disbursements or expenses of the types customarily incurred in connection with
prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, a Proceeding or an appeal resulting from a Proceeding. Expenses, however, shall not include amounts
paid in settlement by Indemnitee, the amount of judgments or fines against Indemnitee or fees, salaries, wages or benefits owed to Indemnitee. 

  
 2 

 (f)      “Independent Counsel” means a law firm,
or a partner (or, if applicable, member or shareholder) of such a law firm, that is experienced in matters of Delaware corporation law and neither presently is, nor in the past five (5) years has been, retained to represent: (i) the Company, any
subsidiary of the Company, any Enterprise or Indemnitee in any matter material to any such party; or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term
“Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine
Indemnitee’s rights under this Agreement. The Company agrees to pay the reasonable fees and expenses of the Independent Counsel referred to above and to fully indemnify such counsel against any and all expenses, claims, liabilities and
damages arising out of or relating to this Agreement or its engagement pursuant hereto. 
 (g)      The term
“Proceeding” shall include any threatened, pending or completed action, suit, arbitration, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or completed
proceeding, whether brought in the right of the Company or otherwise and whether of a civil, criminal, administrative, regulatory or investigative nature, and whether formal or informal, in which Indemnitee was, is or will be involved as a party or
otherwise by reason of the fact that Indemnitee is or was an officer of the Company or is or was serving at the request of the Company as a director, manager, partner, officer, employee, agent or trustee of any Enterprise or by reason of any action
taken by Indemnitee or of any action taken on his or her part while acting as an officer of the Company or while serving at the request of the Company as a director, manager, partner, officer, employee, agent or trustee of any Enterprise, in each
case whether or not serving in such capacity at the time any liability or expense is incurred for which indemnification, reimbursement or advancement of expenses can be provided under this Agreement; provided, however, that the term
“Proceeding” shall not include any action, suit or arbitration, or part thereof, initiated by Indemnitee to enforce Indemnitee’s rights under this Agreement as provided for in Section 12(a) of this Agreement. 

Section 3.        Indemnity in Third-Party Proceedings.  The Company shall indemnify
Indemnitee to the extent set forth in this Section 3 if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding, other than a Proceeding by or in the right of the Company to procure a judgment in its
favor. Pursuant to this Section 3, Indemnitee shall be indemnified against all Expenses, judgments, fines, penalties, excise taxes, and amounts paid in settlement actually and reasonably incurred by Indemnitee or on his or her behalf in
connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company and, in the case of a criminal
proceeding, had no reasonable cause to believe that his or her conduct was unlawful.
 Section
4.        Indemnity in Proceedings by or in the Right of the Company.  The Company shall indemnify Indemnitee to the extent set forth in this Section 4 if Indemnitee is, or is threatened to be
made, a party to or a participant in any Proceeding by or in the right of the Company to procure a judgment in its favor. Pursuant to this Section 4, Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by
Indemnitee or on his or her 

  
 3 

 
behalf in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the
best interests of the Company. No indemnification for Expenses shall be made under this Section 4 in respect of any claim, issue or matter as to which Indemnitee shall have been finally adjudged by a court to be liable to the Company, unless
and only to the extent that the Delaware Court of Chancery (the “Delaware Court”) shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee is fairly
and reasonably entitled to indemnification for such expenses as the Delaware Court shall deem proper. 
 Section
5.        Indemnification for Expenses of a Party Who is Wholly or Partly Successful.  Notwithstanding any other provisions of this Agreement and except as provided in Section 7, to the extent that
Indemnitee is a party to or a participant in any Proceeding and is successful in such Proceeding or in defense of any claim, issue or matter therein, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by him
or her in connection therewith. If Indemnitee is not wholly successful in such Proceeding but is successful as to one or more but less than all claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee against all
Expenses actually and reasonably incurred by Indemnitee or on his or her behalf in connection with each successfully resolved claim, issue or matter. For purposes of this Section and without limitation, the termination of any claim, issue or
matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter. 

Section 6.        Reimbursement for Expenses of a Witness or in Response to a Subpoena.
 Notwithstanding any other provision of this Agreement, to the extent that Indemnitee, by reason of his or her Corporate Status, (i) is a witness in any Proceeding to which Indemnitee is not a party and is not threatened to be made a party or
(ii) receives a subpoena with respect to any Proceeding to which Indemnitee is not a party and is not threatened to be made a party, the Company shall reimburse Indemnitee for all Expenses actually and reasonably incurred by him or her or on his or
her behalf in connection therewith. 
 Section
7.        Exclusions.  Notwithstanding any provision in this Agreement to the contrary, the Company shall not be obligated under this Agreement:

(a)     to indemnify for amounts otherwise indemnifiable hereunder (or for which advancement is provided hereunder)
if and to the extent that Indemnitee has otherwise actually received such amounts under any insurance policy, contract, agreement or otherwise; 

(b)     to indemnify for an accounting of profits made from the purchase and sale (or sale and purchase) by
Indemnitee of securities of the Company within the meaning of Section 16(b) of the Securities Exchange Act of 1934, as amended, or similar provisions of state statutory law or common law, or from the purchase or sale by Indemnitee of such securities
in violation of Section 306 of the Sarbanes-Oxley Act of 2002 (“SOX”); 
 (c)     to indemnify
for any reimbursement of, or payment to, the Company by Indemnitee of any bonus or other incentive-based or equity-based compensation or of any profits realized by Indemnitee from the sale of securities of the Company pursuant to Section 304 of

  
 4 

 
SOX or any formal policy of the Company adopted by the Board (or a committee thereof), or any other remuneration paid to Indemnitee if it shall be determined by a final judgment or other final
adjudication that such remuneration was in violation of law; 
 (d)      to indemnify with respect to any
Proceeding, or part thereof, brought by Indemnitee against the Company, any legal entity which it controls, any director or officer thereof or any third party, unless (i) the Board has consented to the initiation of such Proceeding or part thereof
and (ii) the Company provides the indemnification, in its sole discretion, pursuant to the powers vested in the Company under applicable law; provided, however, that this Section 7(d) shall not apply to (A) counterclaims or affirmative
defenses asserted by Indemnitee in an action brought against Indemnitee or (B) any action brought by Indemnitee for indemnification or advancement from the Company under this Agreement or under any directors’ and officers’ liability
insurance policies maintained by the Company in the suit for which indemnification or advancement is being sought as described in Section 12; or 

(e)      to provide any indemnification or advancement of expenses that is prohibited by applicable law (as
such law exists at the time payment would otherwise be required pursuant to this Agreement). 
 Section
8.        Advancement of Expenses.  Subject to Section 9(b), the Company shall advance, to the extent not prohibited by law, the Expenses incurred by Indemnitee in connection with any
Proceeding, and such advancement shall be made within forty-five (45) days after the receipt by the Company of a statement or statements requesting such advances (including any invoices received by Indemnitee, which such invoices may be redacted as
necessary to avoid the waiver of any privilege accorded by applicable law) from time to time, whether prior to or after final disposition of any Proceeding. Advances shall be unsecured and interest free. Advances shall be made without
regard to Indemnitee’s (i) ability to repay the expenses, (ii) ultimate entitlement to indemnification under the other provisions of this Agreement, and (iii) entitlement to and availability of insurance coverage, including advancement, payment
or reimbursement of defense costs, expenses or covered loss under the provisions of any applicable insurance policy (including, without limitation, whether such advancement, payment or reimbursement is withheld, conditioned or delayed by the
insurer(s)). Indemnitee shall qualify for advances upon the execution and delivery to the Company of this Agreement which shall constitute an undertaking providing that Indemnitee undertakes to the fullest extent required by law to repay the
advance if and to the extent that it is ultimately determined by a court of competent jurisdiction in a final judgment, not subject to appeal, that Indemnitee is not entitled to be indemnified by the Company. The right to advances under this
paragraph shall in all events continue until final disposition of any Proceeding, including any appeal therein. Nothing in this Section 8 shall limit Indemnitee’s right to advancement pursuant to Section 12(e) of this Agreement. 

Section 9.        Procedure for Notification and Defense of Claim. 

(a)      To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written
request therefor specifying the basis for the claim, the amounts for which Indemnitee is seeking payment under this Agreement, and all documentation related thereto as reasonably requested by the Company.

  
 5 

 (b)      In the event that the Company shall be obligated
hereunder to provide indemnification for or make any advancement of Expenses with respect to any Proceeding, the Company shall be entitled to assume the defense of such Proceeding, or any claim, issue or matter therein, with counsel approved by
Indemnitee (which approval shall not be unreasonably withheld or delayed) upon the delivery to Indemnitee of written notice of the Company’s election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the
retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees or expenses of separate counsel subsequently employed by or on behalf of Indemnitee with respect to the same Proceeding;
provided that (i) Indemnitee shall have the right to employ separate counsel in any such Proceeding at Indemnitee’s expense and (ii) if (A) the employment of separate counsel by Indemnitee has been previously authorized by the Company,
(B) Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of such defense, or (C) the Company shall not continue to retain such counsel to defend such Proceeding, then
the fees and expenses actually and reasonably incurred by Indemnitee with respect to his or her separate counsel shall be Expenses hereunder.

(c)      In the event that the Company does not assume the defense in a Proceeding pursuant to paragraph (b)
above, then the Company will be entitled to participate in the Proceeding at its own expense. 
 (d)      The
Company shall not be liable to indemnify Indemnitee under this Agreement for any amounts paid in settlement of any Proceeding effected without its prior written consent (which consent shall not be unreasonably withheld or delayed). Without
limiting the generality of the foregoing, the fact that an insurer under an applicable insurance policy delays or is unwilling to consent to such settlement or is or may be in breach of its obligations under such policy, or the fact that
directors’ and officers’ liability insurance is otherwise unavailable or not maintained by the Company, may not be taken into account by the Company in determining whether to provide its consent. The Company shall not, without the prior
written consent of Indemnitee (which consent shall not be unreasonably withheld or delayed), enter into any settlement which (i) includes an admission of fault of Indemnitee, any non-monetary remedy imposed on Indemnitee or any monetary damages for
which Indemnitee is not wholly and actually indemnified hereunder or (ii) with respect to any Proceeding with respect to which Indemnitee may be or is made a party or may be otherwise entitled to seek indemnification hereunder, does not include the
full release of Indemnitee from all liability in respect of such Proceeding. 
 Section
10.        Procedure Upon Application for Indemnification. 

(a)      Upon written request by Indemnitee for indemnification pursuant to Section 9(a), a determination, if
such determination is required by applicable law, with respect to Indemnitee’s entitlement to indemnification hereunder shall be made in the specific case by one of the following methods: (x) if a Change in Control shall have occurred, by
Independent Counsel in a written opinion to the Board; or (y) if a Change in Control shall not have occurred: (i) by a majority vote of the disinterested directors, even though less than a quorum; (ii) by a

  
 6 

 
committee of disinterested directors designated by a majority vote of the disinterested directors, even though less than a quorum; or (iii) if there are no disinterested directors or if the
disinterested directors so direct, by Independent Counsel in a written opinion to the Board. For purposes hereof, disinterested directors are those members of the Board who are not parties to the action, suit or proceeding in respect of which
indemnification is sought. In the case that such determination is made by Independent Counsel, a copy of Independent Counsel’s written opinion shall be delivered to Indemnitee and, if it is so determined that Indemnitee is entitled to
indemnification, payment to Indemnitee shall be made within forty-five (45) days after such determination. Indemnitee shall cooperate with the Independent Counsel or the Company, as applicable, in making such determination with respect to
Indemnitee’s entitlement to indemnification, including providing to such counsel or the Company, upon reasonable advance request, any documentation or information which is not privileged or otherwise protected from disclosure and which is
reasonably available to Indemnitee and reasonably necessary to such determination. Any out-of-pocket costs or expenses (including reasonable attorneys’ fees and disbursements) actually and reasonably incurred by Indemnitee in so
cooperating with the Independent Counsel or the Company shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company hereby indemnifies and agrees to hold Indemnitee
harmless therefrom. 
 (b)      If the determination of entitlement to indemnification is to be made by
Independent Counsel pursuant to Section 10(a), the Independent Counsel shall be selected by the Board if a Change in Control shall not have occurred or, if a Change in Control shall have occurred, by Indemnitee. Indemnitee or the Company, as
the case may be, may, within ten (10) days after written notice of such selection, deliver to the Company or Indemnitee, as the case may be, a written objection to such selection; provided, however, that such objection may be asserted
only on the ground that the Independent Counsel so selected does not meet the requirements of “Independent Counsel” as defined in Section 2 of this Agreement, and the objection shall set forth with particularity the factual basis of such
assertion. Absent a proper and timely objection, the person so selected shall act as Independent Counsel. If such written objection is so made and substantiated, the Independent Counsel so selected may not serve as Independent Counsel
unless and until such objection is withdrawn or the Delaware Court has determined that such objection is without merit. If, within twenty (20) days after the later of (i) submission by Indemnitee of a written request for indemnification
pursuant to Section 9(a), and (ii) the final disposition of the Proceeding, including any appeal therein, no Independent Counsel shall have been selected without objection, either Indemnitee or the Company may petition the Delaware Court for
resolution of any objection which shall have been made by Indemnitee or the Company to the selection of Independent Counsel and/or for the appointment as Independent Counsel of a person selected by the court or by such other person as the court
shall designate. The person with respect to whom all objections are so resolved or the person so appointed shall act as Independent Counsel under Section 10(a) hereof. Upon the due commencement of any judicial proceeding or arbitration
pursuant to Section 12(a) of this Agreement, Independent Counsel shall be discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing). 

(c)      Notwithstanding anything to the contrary contained in this Agreement, the determination of entitlement
to indemnification under this Agreement shall be made without regard to the Indemnitee’s entitlement to and availability of insurance coverage, including 

  
 7 

 
advancement, payment or reimbursement of defense costs, expenses or covered loss under the provisions of any applicable insurance policy (including, without limitation, whether such advancement,
payment or reimbursement is withheld, conditioned or delayed by the insurer(s)). 
 Section
11.         Presumptions and Effect of Certain Proceedings. 

(a)        To the extent permitted by applicable law, in making a determination with respect to
entitlement to indemnification hereunder, it shall be presumed that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 9(a) of this Agreement, and the
Company shall have the burden of proof to overcome that presumption in connection with the making of any determination contrary to that presumption.

(b)        The termination of any Proceeding or of any claim, issue or matter therein, by judgment,
order, settlement or conviction, or upon a plea of guilty, nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself adversely affect the right of Indemnitee to indemnification or
create a presumption that Indemnitee did not act in good faith and in a manner which he or she reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee had
reasonable cause to believe that his or her conduct was unlawful. 
 (c)        The knowledge
and/or actions, or failure to act, of any director, manager, partner, officer, employee, agent or trustee of the Company, any subsidiary of the Company, or any Enterprise shall not be imputed to Indemnitee for purposes of determining the right to
indemnification under this Agreement. 
 Section 12.         Remedies of Indemnitee.

 (a)        Subject to Section 12(f), in the event that (i) a determination is made pursuant to
Section 10 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 of this Agreement, (iii) no determination of entitlement to indemnification
shall have been made pursuant to Section 10(a) of this Agreement within sixty (60) days after receipt by the Company of the request for indemnification for which a determination is to be made other than by Independent Counsel, (iv) payment of
indemnification or reimbursement of expenses is not made pursuant to Section 5 or 6 or the last sentence of Section 10(a) of this Agreement within forty-five (45) days after receipt by the Company of a written request therefor (including any
invoices received by Indemnitee, which such invoices may be redacted as necessary to avoid the waiver of any privilege accorded by applicable law) or (v) payment of indemnification pursuant to Section 3 or 4 of this Agreement is not made within
forty-five (45) days after a determination has been made that Indemnitee is entitled to indemnification, Indemnitee shall be entitled to an adjudication by the Delaware Court of his or her entitlement to such indemnification or advancement.
Alternatively, Indemnitee, at his or her option, may seek an award in arbitration to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration Association. Indemnitee shall commence such proceeding
seeking an adjudication or an award in arbitration within 180 days following the date on which Indemnitee 

  
 8 

 
first has the right to commence such proceeding pursuant to this Section 12(a); provided, however, that the foregoing time limitation shall not apply in respect of a proceeding
brought by Indemnitee to enforce his or her rights under Section 5 of this Agreement. The Company shall not oppose Indemnitee’s right to seek any such adjudication or award in arbitration. 

(b)        In the event that a determination shall have been made pursuant to Section 10(a) of this
Agreement that Indemnitee is not entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 12 shall be conducted in all respects as a de novo trial, or arbitration, on the merits and Indemnitee shall not
be prejudiced by reason of that adverse determination. In any judicial proceeding or arbitration commenced pursuant to this Section 12, the Company shall have the burden of proving Indemnitee is not entitled to indemnification or advancement,
as the case may be. 
 (c)        If a determination shall have been made pursuant to Section 10(a)
of this Agreement that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 12, absent (i) a misstatement by Indemnitee of a material
fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law. 

(d)        The Company shall be precluded from asserting in any judicial proceeding or arbitration
commenced pursuant to this Section 12 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before any such arbitrator that the Company is bound by all the provisions
of this Agreement.
 (e)        The Company shall indemnify Indemnitee to the fullest extent
permitted by law against any and all Enforcement Expenses and, if requested by Indemnitee, shall (within forty-five (45) days after receipt by the Company of a written request therefor) advance, to the extent not prohibited by law, such
Enforcement Expenses to Indemnitee, which are incurred by Indemnitee in connection with any action brought by Indemnitee for indemnification or advancement from the Company under this Agreement or under any directors’ and officers’
liability insurance policies maintained by the Company in the suit for which indemnification or advancement is being sought. Such written request for advancement shall include invoices received by Indemnitee in connection with such Enforcement
Expenses but, in the case of invoices in connection with legal services, any references to legal work performed or to expenditures made that would cause Indemnitee to waive any privilege accorded by applicable law need not be included with the
invoice. 
 (f)        Notwithstanding anything in this Agreement to the contrary, no determination
as to entitlement to indemnification under this Agreement shall be required to be made prior to the final disposition of the Proceeding, including any appeal therein. 

Section 13.         Non-exclusivity; Survival of Rights; Insurance; Subrogation. 

(a)        The rights of indemnification and to receive advancement as provided by this Agreement
shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled under applicable law, the Charter, any agreement, a vote of stockholders or a 

  
 9 

 
resolution of directors, or otherwise. No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in
respect of any action taken or omitted by such Indemnitee in his or her Corporate Status prior to such amendment, alteration or repeal. To the extent that a change in Delaware law, whether by statute or judicial decision, permits greater
indemnification or advancement than would be afforded currently under the Charter and this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. No right or
remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity
or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy. 

(b)        To the extent that the Company maintains an insurance policy or policies providing
liability insurance for directors, managers, partners, officers, employees, agents or trustees of the Company or of any other Enterprise, Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum
extent of the coverage available for any such director, manager, partner, officer, employee, agent or trustee under such policy or policies. If, at the time of the receipt of a notice of a claim pursuant to the terms hereof, the Company has director
and officer liability insurance in effect, the Company shall give prompt notice of the commencement of such proceeding to the insurers in accordance with the procedures set forth in the respective policies.

(c)        In the event of any payment under this Agreement, the Company shall be
subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers required and take all action necessary to secure such rights, including execution of such documents as are necessary to enable the
Company to bring suit to enforce such rights. 
 (d)        The Company’s obligation to
provide indemnification or advancement hereunder to Indemnitee who is or was serving at the request of the Company as a director, manager, partner, officer, employee, agent or trustee of any other Enterprise shall be reduced by any amount Indemnitee
has actually received as indemnification or advancement from such other Enterprise. 
 Section
14.         Duration of Agreement. This Agreement shall continue until and terminate upon the later of: (a) ten (10) years after the date that Indemnitee shall have ceased to serve as an officer of
the Company or (b) one (1) year after the final termination of any Proceeding, including any appeal, then pending in respect of which Indemnitee is granted rights of indemnification or advancement hereunder and of any proceeding commenced by
Indemnitee pursuant to Section 12 of this Agreement relating thereto. This Agreement shall be binding upon the Company and its successors and assigns and shall inure to the benefit of Indemnitee and his or her heirs, executors and administrators.
The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part, of the business and/or assets of the Company, by written agreement in
form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. 

  
 10 

 Section
15.         Severability.  If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the validity, legality and
enforceability of the remaining provisions of this Agreement (including, without limitation, each portion of any section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid,
illegal or unenforceable) shall not in any way be affected or impaired thereby and shall remain enforceable to the fullest extent permitted by law; (b) such provision or provisions shall be deemed reformed to the extent necessary to conform to
applicable law and to give the maximum effect to the intent of the parties hereto; and (c) to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of any section of this Agreement containing any
such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested thereby. 

Section 16.         Enforcement. 

(a)        The Company expressly confirms and agrees that it has entered into this Agreement and
assumed the obligations imposed on it hereby in order to induce Indemnitee [to serve or continue to serve] as an officer of the Company, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as an officer of the
Company. 
 (b)        This Agreement constitutes the entire agreement between the parties hereto
with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof; provided, however, that this Agreement
is a supplement to and in furtherance of the Charter and applicable law, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder. 

Section 17.         Modification and Waiver.  No supplement, modification or
amendment, or waiver of any provision, of this Agreement shall be binding unless executed in writing by the parties thereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other
provisions of this Agreement nor shall any waiver constitute a continuing waiver. No supplement, modification or amendment of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in
respect of any action taken or omitted by such Indemnitee prior to such supplement, modification or amendment. 
 Section
18.         Notice by Indemnitee.  Indemnitee agrees promptly to notify the Company in writing upon being served with any summons, citation, subpoena, complaint, indictment, information
or other document relating to any Proceeding or matter which may be subject to indemnification, reimbursement or advancement as provided hereunder. The failure of Indemnitee to so notify the Company shall not relieve the Company of any
obligation which it may have to Indemnitee under this Agreement or otherwise. 

  
 11 

 Section 19.         Notices. All
notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed to have been duly given if (i) delivered by hand and receipted for by the party to whom said notice or other communication shall have
been directed, (ii) mailed by certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed, (iii) mailed by reputable overnight courier and receipted for by the party to whom said notice or
other communication shall have been directed or (iv) sent by facsimile transmission, with receipt of oral confirmation that such transmission has been received: 

(a)        If to Indemnitee, at such address as Indemnitee shall provide to the Company. 

(b)        If to the Company to: 

Alnylam Pharmaceuticals, Inc. 

300 Third Street 
 Cambridge, MA
02142 
 Attention: General Counsel 
 or
to any other address as may have been furnished to Indemnitee by the Company. 
 Section
20.         Contribution.  To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to Indemnitee for any reason
whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or for Expenses, in connection
with any Proceeding in such proportion as is deemed fair and reasonable in light of all of the circumstances in order to reflect (i) the relative benefits received by the Company and Indemnitee in connection with the event(s) and/or transaction(s)
giving rise to such Proceeding; and/or (ii) the relative fault of the Company (and its directors, officers, employees and agents) and Indemnitee in connection with such event(s) and/or transactions. 

Section 21.         Internal Revenue Code Section 409A.  The Company intends for
this Agreement to comply with the Indemnification exception under Section 1.409A-1(b)(10) of the regulations promulgated under the Internal Revenue Code of 1986, as amended (the “Code”), which provides that indemnification of, or
the purchase of an insurance policy providing for payments of, all or part of the expenses incurred or damages paid or payable by Indemnitee with respect to a bona fide claim against Indemnitee or the Company do not provide for a deferral of
compensation, subject to Section 409A of the Code, where such claim is based on actions or failures to act by Indemnitee in his or her capacity as a service provider of the Company. The parties intend that this Agreement be interpreted and
construed with such intent. 
 Section 22.         Applicable Law and Consent to
Jurisdiction.  This Agreement and the legal relations among the parties shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. Except
with respect to any arbitration commenced by Indemnitee pursuant to Section 12(a) of this Agreement, the Company and Indemnitee hereby irrevocably and unconditionally (i) agree that any action or proceeding arising out of or in connection with this
Agreement shall be brought 

  
 12 

 
only in the Delaware Court, and not in any other state or federal court in the United States of America or any court in any other country, (ii) consent to submit to the exclusive jurisdiction of
the Delaware Court for purposes of any action or proceeding arising out of or in connection with this Agreement, (iii) consent to service of process at the address set forth in Section 19 of this Agreement with the same legal force and validity as
if served upon such party personally within the State of Delaware, (iv) waive any objection to the laying of venue of any such action or proceeding in the Delaware Court, and (v) waive, and agree not to plead or to make, any claim that any such
action or proceeding brought in the Delaware Court has been brought in an improper or inconvenient forum. 
 Section
23.         Headings.  The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the
construction thereof. 
 Section 24.         Identical Counterparts.  This
Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same Agreement. Only one such counterpart signed by the party against
whom enforceability is sought needs to be produced to evidence the existence of this Agreement. 
 [Remainder of Page Intentionally Left
Blank] 

  
 13 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be signed as of the day and year
first above written. 
  

					
	ALNYLAM PHARMACEUTICALS, INC.	 	
		
	By:                                   
                                 	 	
	      Name:	 	
	      Title:	 	
		
	                                    
                                      	 	
	      [Name of Indemnitee]
	 	

 FORM OF DIRECTOR AND OFFICER INDEMNIFICATION AGREEMENT 

This Indemnification Agreement (“Agreement”) is made as of
                                 by and between Alnylam Pharmaceuticals, Inc., a
Delaware corporation (the “Company”), and                          (“Indemnitee”). 

RECITALS 
 WHEREAS, the Company
desires to attract and retain the services of highly qualified individuals, such as Indemnitee, to serve the Company; 
 WHEREAS, in order
to induce Indemnitee to [provide or continue to provide] services to the Company, the Company wishes to provide for the indemnification of, and advancement of expenses to, Indemnitee to the maximum extent permitted by law; 

WHEREAS, the Certificate of Incorporation (the “Charter”) of the Company requires indemnification of the officers and
directors of the Company, and Indemnitee may also be entitled to indemnification pursuant to the General Corporation Law of the State of Delaware (the “DGCL”); 

WHEREAS, the Charter and the DGCL expressly provide that the indemnification provisions set forth therein are not exclusive, and thereby
contemplate that contracts may be entered into between the Company and members of the board of directors, officers and other persons with respect to indemnification; 

WHEREAS, the Board of Directors of the Company (the “Board”) has determined that the increased difficulty in attracting and
retaining highly qualified persons such as Indemnitee is detrimental to the best interests of the Company’s stockholders; 
 WHEREAS,
it is reasonable and prudent for the Company contractually to obligate itself to indemnify, and to advance expenses on behalf of, such persons to the fullest extent permitted by applicable law, regardless of any amendment or revocation of the
Charter, so that they will [serve or continue to serve] the Company free from undue concern that they will not be so indemnified; and 

WHEREAS, this Agreement is a supplement to and in furtherance of the indemnification provided in the Charter and any resolutions adopted
pursuant thereto, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder. 
 NOW,
THEREFORE, in consideration of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows: 

Section 1.          Services to the Company.  Indemnitee agrees to serve as
a director and an officer of the Company. Indemnitee may at any time and for any reason resign from any such position (subject to any other contractual obligation or any obligation imposed by law), in which event the Company shall have no
obligation under this Agreement to continue Indemnitee in such position. This Agreement shall not be deemed an employment contract between the Company (or any of its subsidiaries or any Enterprise) and Indemnitee. 

 Section 2.          Definitions. 

As used in this Agreement: 

(a)       “Change in Control” shall mean (i) the sale of all or substantially all of the
assets of the Company on a consolidated basis to an unrelated person or entity, (ii) a merger, reorganization or consolidation pursuant to which the holders of the Company’s outstanding voting power and outstanding stock immediately prior to
such transaction do not own a majority of the outstanding voting power and outstanding stock or other equity interests of the resulting or successor entity (or its ultimate parent, if applicable) immediately upon completion of such transaction,
(iii) the sale of all of the stock of the Company to an unrelated person, entity or group thereof acting in concert, or (iv) any other transaction in which the owners of the Company’s outstanding voting power immediately prior to such
transaction do not own at least a majority of the outstanding voting power of the Company or any successor entity immediately upon completion of the transaction other than as a result of the acquisition of securities directly from the Company. 

(b)        “Corporate Status” describes the status of a person as a current or
former director or officer of the Company or current or former director, manager, partner, officer, employee, agent or trustee of any other Enterprise which such person is or was serving at the request of the Company. 

(c)        “Enforcement Expenses” shall include all reasonable attorneys’ fees,
court costs, transcript costs, fees of experts, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other out-of-pocket disbursements or expenses of the types customarily
incurred in connection with an action to enforce indemnification or advancement rights, or an appeal from such action. Expenses, however, shall not include fees, salaries, wages or benefits owed to Indemnitee. 

(d)        “Enterprise” shall mean any corporation (other than the Company),
partnership, joint venture, trust, employee benefit plan, limited liability company, or other legal entity of which Indemnitee is or was serving at the request of the Company as a director, manager, partner, officer, employee, agent or trustee. 

(e)        “Expenses” shall include all reasonable attorneys’ fees, court
costs, transcript costs, fees of experts, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other out-of-pocket disbursements or expenses of the types customarily incurred in
connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, a Proceeding or an appeal resulting from a Proceeding. Expenses, however, shall not
include amounts paid in settlement by Indemnitee, the amount of judgments or fines against Indemnitee or fees, salaries, wages or benefits owed to Indemnitee. 

  
 2 

 (f)        “Independent Counsel” means
a law firm, or a partner (or, if applicable, member or shareholder) of such a law firm, that is experienced in matters of Delaware corporation law and neither presently is, nor in the past five (5) years has been, retained to represent: (i) the
Company, any subsidiary of the Company, any Enterprise or Indemnitee in any matter material to any such party; or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the
term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to
determine Indemnitee’s rights under this Agreement. The Company agrees to pay the reasonable fees and expenses of the Independent Counsel referred to above and to fully indemnify such counsel against any and all expenses, claims,
liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto. 

(g)        The term “Proceeding” shall include any threatened, pending or completed
action, suit, arbitration, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or completed proceeding, whether brought in the right of the Company or otherwise and whether of a
civil, criminal, administrative, regulatory or investigative nature, and whether formal or informal, in which Indemnitee was, is or will be involved as a party or otherwise by reason of the fact that Indemnitee is or was a director or an officer of
the Company or is or was serving at the request of the Company as a director, manager, partner, officer, employee, agent or trustee of any Enterprise or by reason of any action taken by Indemnitee or of any action taken on his or her part while
acting as a director or an officer of the Company or while serving at the request of the Company as a director, manager, partner, officer, employee, agent or trustee of any Enterprise, in each case whether or not serving in such capacity at the time
any liability or expense is incurred for which indemnification, reimbursement or advancement of expenses can be provided under this Agreement; provided, however, that the term “Proceeding” shall not include any action, suit
or arbitration, or part thereof, initiated by Indemnitee to enforce Indemnitee’s rights under this Agreement as provided for in Section 12(a) of this Agreement. 

Section 3.          Indemnity in Third-Party Proceedings.  The Company
shall indemnify Indemnitee to the extent set forth in this Section 3 if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding, other than a Proceeding by or in the right of the Company to procure a judgment in its
favor. Pursuant to this Section 3, Indemnitee shall be indemnified against all Expenses, judgments, fines, penalties, excise taxes, and amounts paid in settlement actually and reasonably incurred by Indemnitee or on his or her behalf in connection
with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company and, in the case of a criminal proceeding, had
no reasonable cause to believe that his or her conduct was unlawful.
 Section
4.          Indemnity in Proceedings by or in the Right of the Company.  The Company shall indemnify Indemnitee to the extent set forth in this Section 4 if Indemnitee is, or is
threatened to be made, a party to or a participant in any Proceeding by or in the right of the Company to procure a judgment in its favor. Pursuant to this Section 4, Indemnitee shall be indemnified against all Expenses actually and reasonably
incurred by Indemnitee or on his or her 

  
 3 

 
behalf in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the
best interests of the Company. No indemnification for Expenses shall be made under this Section 4 in respect of any claim, issue or matter as to which Indemnitee shall have been finally adjudged by a court to be liable to the Company, unless and
only to the extent that the Delaware Court of Chancery (the “Delaware Court”) shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee is fairly and
reasonably entitled to indemnification for such expenses as the Delaware Court shall deem proper. 
 Section
5.          Indemnification for Expenses of a Party Who is Wholly or Partly Successful.  Notwithstanding any other provisions of this Agreement and except as provided in Section 7, to the
extent that Indemnitee is a party to or a participant in any Proceeding and is successful in such Proceeding or in defense of any claim, issue or matter therein, the Company shall indemnify Indemnitee against all Expenses actually and reasonably
incurred by him or her in connection therewith. If Indemnitee is not wholly successful in such Proceeding but is successful as to one or more but less than all claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee
against all Expenses actually and reasonably incurred by Indemnitee or on his or her behalf in connection with each successfully resolved claim, issue or matter. For purposes of this Section and without limitation, the termination of any claim,
issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter. 

Section 6.          Reimbursement for Expenses of a Witness or in Response to a
Subpoena.  Notwithstanding any other provision of this Agreement, to the extent that Indemnitee, by reason of his or her Corporate Status, (i) is a witness in any Proceeding to which Indemnitee is not a party and is not threatened to be
made a party or (ii) receives a subpoena with respect to any Proceeding to which Indemnitee is not a party and is not threatened to be made a party, the Company shall reimburse Indemnitee for all Expenses actually and reasonably incurred by him or
her or on his or her behalf in connection therewith. 
 Section
7.          Exclusions.  Notwithstanding any provision in this Agreement to the contrary, the Company shall not be obligated under this Agreement:

(a)        to indemnify for amounts otherwise indemnifiable hereunder (or for which advancement is
provided hereunder) if and to the extent that Indemnitee has otherwise actually received such amounts under any insurance policy, contract, agreement or otherwise; 

(b)        to indemnify for an accounting of profits made from the purchase and sale (or sale and
purchase) by Indemnitee of securities of the Company within the meaning of Section 16(b) of the Securities Exchange Act of 1934, as amended, or similar provisions of state statutory law or common law, or from the purchase or sale by Indemnitee of
such securities in violation of Section 306 of the Sarbanes-Oxley Act of 2002 (“SOX”); 

(c)        to indemnify for any reimbursement of, or payment to, the Company by Indemnitee of any
bonus or other incentive-based or equity-based compensation or of any profits realized by Indemnitee from the sale of securities of the Company pursuant to Section 304 of 

  
 4 

 
SOX or any formal policy of the Company adopted by the Board (or a committee thereof), or any other remuneration paid to Indemnitee if it shall be determined by a final judgment or other final
adjudication that such remuneration was in violation of law; 
 (d)       to indemnify with respect to
any Proceeding, or part thereof, brought by Indemnitee against the Company, any legal entity which it controls, any director or officer thereof or any third party, unless (i) the Board has consented to the initiation of such Proceeding or part
thereof and (ii) the Company provides the indemnification, in its sole discretion, pursuant to the powers vested in the Company under applicable law; provided, however, that this Section 7(d) shall not apply to (A) counterclaims or
affirmative defenses asserted by Indemnitee in an action brought against Indemnitee or (B) any action brought by Indemnitee for indemnification or advancement from the Company under this Agreement or under any directors’ and officers’
liability insurance policies maintained by the Company in the suit for which indemnification or advancement is being sought as described in Section 12; or 

(e)       to provide any indemnification or advancement of expenses that is prohibited by applicable law
(as such law exists at the time payment would otherwise be required pursuant to this Agreement). 
 Section
8.          Advancement of Expenses.  Subject to Section 9(b), the Company shall advance, to the extent not prohibited by law, the Expenses incurred by Indemnitee in connection with
any Proceeding, and such advancement shall be made within forty-five (45) days after the receipt by the Company of a statement or statements requesting such advances (including any invoices received by Indemnitee, which such invoices may be redacted
as necessary to avoid the waiver of any privilege accorded by applicable law) from time to time, whether prior to or after final disposition of any Proceeding. Advances shall be unsecured and interest free. Advances shall be made without regard to
Indemnitee’s (i) ability to repay the expenses, (ii) ultimate entitlement to indemnification under the other provisions of this Agreement, and (iii) entitlement to and availability of insurance coverage, including advancement, payment or
reimbursement of defense costs, expenses or covered loss under the provisions of any applicable insurance policy (including, without limitation, whether such advancement, payment or reimbursement is withheld, conditioned or delayed by the
insurer(s)). Indemnitee shall qualify for advances upon the execution and delivery to the Company of this Agreement which shall constitute an undertaking providing that Indemnitee undertakes to the fullest extent required by law to repay the advance
if and to the extent that it is ultimately determined by a court of competent jurisdiction in a final judgment, not subject to appeal, that Indemnitee is not entitled to be indemnified by the Company. The right to advances under this paragraph shall
in all events continue until final disposition of any Proceeding, including any appeal therein. Nothing in this Section 8 shall limit Indemnitee’s right to advancement pursuant to Section 12(e) of this Agreement. 

Section 9.          Procedure for Notification and Defense of Claim. 

(a)       To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written
request therefor specifying the basis for the claim, the amounts for which Indemnitee is seeking payment under this Agreement, and all documentation related thereto as reasonably requested by the Company.

  
 5 

 (b)        In the event that the Company shall be
obligated hereunder to provide indemnification for or make any advancement of Expenses with respect to any Proceeding, the Company shall be entitled to assume the defense of such Proceeding, or any claim, issue or matter therein, with counsel
approved by Indemnitee (which approval shall not be unreasonably withheld or delayed) upon the delivery to Indemnitee of written notice of the Company’s election to do so. After delivery of such notice, approval of such counsel by
Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees or expenses of separate counsel subsequently employed by or on behalf of Indemnitee with respect to the same
Proceeding; provided that (i) Indemnitee shall have the right to employ separate counsel in any such Proceeding at Indemnitee’s expense and (ii) if (A) the employment of separate counsel by Indemnitee has been previously authorized by
the Company, (B) Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of such defense, or (C) the Company shall not continue to retain such counsel to defend such
Proceeding, then the fees and expenses actually and reasonably incurred by Indemnitee with respect to his or her separate counsel shall be Expenses hereunder.

(c)        In the event that the Company does not assume the defense in a Proceeding pursuant to
paragraph (b) above, then the Company will be entitled to participate in the Proceeding at its own expense. 

(d)        The Company shall not be liable to indemnify Indemnitee under this Agreement for any
amounts paid in settlement of any Proceeding effected without its prior written consent (which consent shall not be unreasonably withheld or delayed). Without limiting the generality of the foregoing, the fact that an insurer under an
applicable insurance policy delays or is unwilling to consent to such settlement or is or may be in breach of its obligations under such policy, or the fact that directors’ and officers’ liability insurance is otherwise unavailable or not
maintained by the Company, may not be taken into account by the Company in determining whether to provide its consent. The Company shall not, without the prior written consent of Indemnitee (which consent shall not be unreasonably withheld or
delayed), enter into any settlement which (i) includes an admission of fault of Indemnitee, any non-monetary remedy imposed on Indemnitee or any monetary damages for which Indemnitee is not wholly and actually indemnified hereunder or (ii) with
respect to any Proceeding with respect to which Indemnitee may be or is made a party or may be otherwise entitled to seek indemnification hereunder, does not include the full release of Indemnitee from all liability in respect of such Proceeding.

 Section 10.         Procedure Upon Application for Indemnification. 

(a)        Upon written request by Indemnitee for indemnification pursuant to Section 9(a), a
determination, if such determination is required by applicable law, with respect to Indemnitee’s entitlement to indemnification hereunder shall be made in the specific case by one of the following methods: (x) if a Change in Control shall have
occurred, by Independent Counsel in a written opinion to the Board; or (y) if a Change in Control shall not have occurred: (i) by a majority vote of the disinterested directors, even though less than a quorum; (ii) by a

  
 6 

 
committee of disinterested directors designated by a majority vote of the disinterested directors, even though less than a quorum; or (iii) if there are no disinterested directors or if the
disinterested directors so direct, by Independent Counsel in a written opinion to the Board. For purposes hereof, disinterested directors are those members of the Board who are not parties to the action, suit or proceeding in respect of which
indemnification is sought. In the case that such determination is made by Independent Counsel, a copy of Independent Counsel’s written opinion shall be delivered to Indemnitee and, if it is so determined that Indemnitee is entitled to
indemnification, payment to Indemnitee shall be made within forty-five (45) days after such determination. Indemnitee shall cooperate with the Independent Counsel or the Company, as applicable, in making such determination with respect to
Indemnitee’s entitlement to indemnification, including providing to such counsel or the Company, upon reasonable advance request, any documentation or information which is not privileged or otherwise protected from disclosure and which is
reasonably available to Indemnitee and reasonably necessary to such determination. Any out-of-pocket costs or expenses (including reasonable attorneys’ fees and disbursements) actually and reasonably incurred by Indemnitee in so cooperating
with the Independent Counsel or the Company shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom.

 (b)        If the determination of entitlement to indemnification is to be made by Independent
Counsel pursuant to Section 10(a), the Independent Counsel shall be selected by the Board if a Change in Control shall not have occurred or, if a Change in Control shall have occurred, by Indemnitee. Indemnitee or the Company, as the case may be,
may, within ten (10) days after written notice of such selection, deliver to the Company or Indemnitee, as the case may be, a written objection to such selection; provided, however, that such objection may be asserted only on the
ground that the Independent Counsel so selected does not meet the requirements of “Independent Counsel” as defined in Section 2 of this Agreement, and the objection shall set forth with particularity the factual basis of such
assertion. Absent a proper and timely objection, the person so selected shall act as Independent Counsel. If such written objection is so made and substantiated, the Independent Counsel so selected may not serve as Independent Counsel
unless and until such objection is withdrawn or the Delaware Court has determined that such objection is without merit. If, within twenty (20) days after the later of (i) submission by Indemnitee of a written request for indemnification pursuant to
Section 9(a), and (ii) the final disposition of the Proceeding, including any appeal therein, no Independent Counsel shall have been selected without objection, either Indemnitee or the Company may petition the Delaware Court for resolution of any
objection which shall have been made by Indemnitee or the Company to the selection of Independent Counsel and/or for the appointment as Independent Counsel of a person selected by the court or by such other person as the court shall designate. The
person with respect to whom all objections are so resolved or the person so appointed shall act as Independent Counsel under Section 10(a) hereof. Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 12(a) of this
Agreement, Independent Counsel shall be discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing). 

(c)        Notwithstanding anything to the contrary contained in this Agreement, the determination of
entitlement to indemnification under this Agreement shall be made without regard to the Indemnitee’s entitlement to and availability of insurance coverage, including 

  
 7 

 
advancement, payment or reimbursement of defense costs, expenses or covered loss under the provisions of any applicable insurance policy (including, without limitation, whether such advancement,
payment or reimbursement is withheld, conditioned or delayed by the insurer(s)). 
 Section
11.         Presumptions and Effect of Certain Proceedings. 

(a)        To the extent permitted by applicable law, in making a determination with respect to
entitlement to indemnification hereunder, it shall be presumed that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 9(a) of this Agreement, and the
Company shall have the burden of proof to overcome that presumption in connection with the making of any determination contrary to that presumption. 

(b)        The termination of any Proceeding or of any claim, issue or matter therein, by judgment,
order, settlement or conviction, or upon a plea of guilty, nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself adversely affect the right of Indemnitee to indemnification or
create a presumption that Indemnitee did not act in good faith and in a manner which he or she reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee had
reasonable cause to believe that his or her conduct was unlawful. 
 (c)        The knowledge
and/or actions, or failure to act, of any director, manager, partner, officer, employee, agent or trustee of the Company, any subsidiary of the Company, or any Enterprise shall not be imputed to Indemnitee for purposes of determining the right to
indemnification under this Agreement. 
 Section 12.         Remedies of Indemnitee.

 (a)        Subject to Section 12(f), in the event that (i) a determination is made pursuant to
Section 10 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 of this Agreement, (iii) no determination of entitlement to indemnification
shall have been made pursuant to Section 10(a) of this Agreement within sixty (60) days after receipt by the Company of the request for indemnification for which a determination is to be made other than by Independent Counsel, (iv) payment of
indemnification or reimbursement of expenses is not made pursuant to Section 5 or 6 or the last sentence of Section 10(a) of this Agreement within forty-five (45) days after receipt by the Company of a written request therefor (including any
invoices received by Indemnitee, which such invoices may be redacted as necessary to avoid the waiver of any privilege accorded by applicable law) or (v) payment of indemnification pursuant to Section 3 or 4 of this Agreement is not made within
forty-five (45) days after a determination has been made that Indemnitee is entitled to indemnification, Indemnitee shall be entitled to an adjudication by the Delaware Court of his or her entitlement to such indemnification or advancement.
Alternatively, Indemnitee, at his or her option, may seek an award in arbitration to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration Association. Indemnitee shall commence such proceeding
seeking an adjudication or an award in arbitration within 180 days following the date on which Indemnitee 

  
 8 

 
first has the right to commence such proceeding pursuant to this Section 12(a); provided, however, that the foregoing time limitation shall not apply in respect of a proceeding
brought by Indemnitee to enforce his or her rights under Section 5 of this Agreement. The Company shall not oppose Indemnitee’s right to seek any such adjudication or award in arbitration. 

(b)        In the event that a determination shall have been made pursuant to Section 10(a) of this
Agreement that Indemnitee is not entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 12 shall be conducted in all respects as a de novo trial, or arbitration, on the merits and Indemnitee shall not
be prejudiced by reason of that adverse determination. In any judicial proceeding or arbitration commenced pursuant to this Section 12, the Company shall have the burden of proving Indemnitee is not entitled to indemnification or advancement, as the
case may be. 
 (c)         If a determination shall have been made pursuant to Section 10(a) of
this Agreement that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 12, absent (i) a misstatement by Indemnitee of a material
fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law. 

(d)        The Company shall be precluded from asserting in any judicial proceeding or arbitration
commenced pursuant to this Section 12 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before any such arbitrator that the Company is bound by all the provisions
of this Agreement.
 (e)        The Company shall indemnify Indemnitee to the fullest extent
permitted by law against any and all Enforcement Expenses and, if requested by Indemnitee, shall (within forty-five (45) days after receipt by the Company of a written request therefor) advance, to the extent not prohibited by law, such Enforcement
Expenses to Indemnitee, which are incurred by Indemnitee in connection with any action brought by Indemnitee for indemnification or advancement from the Company under this Agreement or under any directors’ and officers’ liability insurance
policies maintained by the Company in the suit for which indemnification or advancement is being sought. Such written request for advancement shall include invoices received by Indemnitee in connection with such Enforcement Expenses but, in the
case of invoices in connection with legal services, any references to legal work performed or to expenditures made that would cause Indemnitee to waive any privilege accorded by applicable law need not be included with the invoice. 

(f)        Notwithstanding anything in this Agreement to the contrary, no determination as to
entitlement to indemnification under this Agreement shall be required to be made prior to the final disposition of the Proceeding, including any appeal therein. 

Section 13.         Non-exclusivity; Survival of Rights; Insurance; Subrogation. 

(a)        The rights of indemnification and to receive advancement as provided by this Agreement
shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled under applicable law, the Charter, any agreement, a vote of stockholders or a 

  
 9 

 
resolution of directors, or otherwise. No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in
respect of any action taken or omitted by such Indemnitee in his or her Corporate Status prior to such amendment, alteration or repeal. To the extent that a change in Delaware law, whether by statute or judicial decision, permits greater
indemnification or advancement than would be afforded currently under the Charter and this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. No right or
remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity
or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy. 

(b)        To the extent that the Company maintains an insurance policy or policies providing
liability insurance for directors, managers, partners, officers, employees, agents or trustees of the Company or of any other Enterprise, Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum
extent of the coverage available for any such director, manager, partner, officer, employee, agent or trustee under such policy or policies. If, at the time of the receipt of a notice of a claim pursuant to the terms hereof, the Company has director
and officer liability insurance in effect, the Company shall give prompt notice of the commencement of such proceeding to the insurers in accordance with the procedures set forth in the respective policies.

(c)        In the event of any payment under this Agreement, the Company shall be
subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers required and take all action necessary to secure such rights, including execution of such documents as are necessary to enable the
Company to bring suit to enforce such rights. 
 (d)        The Company’s obligation to
provide indemnification or advancement hereunder to Indemnitee who is or was serving at the request of the Company as a director, manager, partner, officer, employee, agent or trustee of any other Enterprise shall be reduced by any amount Indemnitee
has actually received as indemnification or advancement from such other Enterprise. 
 Section
14.         Duration of Agreement.  This Agreement shall continue until and terminate upon the later of: (a) ten (10) years after the date that Indemnitee shall have ceased to serve as
both a director and an officer of the Company or (b) one (1) year after the final termination of any Proceeding, including any appeal, then pending in respect of which Indemnitee is granted rights of indemnification or advancement hereunder and of
any proceeding commenced by Indemnitee pursuant to Section 12 of this Agreement relating thereto. This Agreement shall be binding upon the Company and its successors and assigns and shall inure to the benefit of Indemnitee and his or her heirs,
executors and administrators. The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part, of the business and/or assets of the
Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had
taken place. 

  
 10 

 Section
15.         Severability.  If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the validity, legality and
enforceability of the remaining provisions of this Agreement (including, without limitation, each portion of any section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid,
illegal or unenforceable) shall not in any way be affected or impaired thereby and shall remain enforceable to the fullest extent permitted by law; (b) such provision or provisions shall be deemed reformed to the extent necessary to conform to
applicable law and to give the maximum effect to the intent of the parties hereto; and (c) to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of any section of this Agreement containing any
such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested thereby. 

Section 16.         Enforcement. 

(a)        The Company expressly confirms and agrees that it has entered into this Agreement and
assumed the obligations imposed on it hereby in order to induce Indemnitee to [serve or continue to serve] as a director and an officer of the Company, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a
director and an officer of the Company. 
 (b)        This Agreement constitutes the entire
agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof; provided,
however, that this Agreement is a supplement to and in furtherance of the Charter and applicable law, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder. 

Section 17.         Modification and Waiver.  No supplement, modification or
amendment, or waiver of any provision, of this Agreement shall be binding unless executed in writing by the parties thereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other
provisions of this Agreement nor shall any waiver constitute a continuing waiver. No supplement, modification or amendment of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in
respect of any action taken or omitted by such Indemnitee prior to such supplement, modification or amendment. 
 Section
18.         Notice by Indemnitee.  Indemnitee agrees promptly to notify the Company in writing upon being served with any summons, citation, subpoena, complaint, indictment, information
or other document relating to any Proceeding or matter which may be subject to indemnification, reimbursement or advancement as provided hereunder. The failure of Indemnitee to so notify the Company shall not relieve the Company of any
obligation which it may have to Indemnitee under this Agreement or otherwise. 

  
 11 

 Section 19.         Notices.  All
notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed to have been duly given if (i) delivered by hand and receipted for by the party to whom said notice or other communication shall have
been directed, (ii) mailed by certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed, (iii) mailed by reputable overnight courier and receipted for by the party to whom said notice or
other communication shall have been directed or (iv) sent by facsimile transmission, with receipt of oral confirmation that such transmission has been received: 

(a)        If to Indemnitee, at such address as Indemnitee shall provide to the Company. 

(b)        If to the Company to: 

Alnylam Pharmaceuticals, Inc. 

300 Third Street 
 Cambridge, MA
02142 
 Attention: General Counsel 
 or
to any other address as may have been furnished to Indemnitee by the Company. 
 Section
20.         Contribution.  To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to Indemnitee for any reason
whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or for Expenses, in connection
with any Proceeding in such proportion as is deemed fair and reasonable in light of all of the circumstances in order to reflect (i) the relative benefits received by the Company and Indemnitee in connection with the event(s) and/or transaction(s)
giving rise to such Proceeding; and/or (ii) the relative fault of the Company (and its directors, officers, employees and agents) and Indemnitee in connection with such event(s) and/or transactions. 

Section 21.         Internal Revenue Code Section 409A.  The Company intends for
this Agreement to comply with the Indemnification exception under Section 1.409A-1(b)(10) of the regulations promulgated under the Internal Revenue Code of 1986, as amended (the “Code”), which provides that indemnification of, or
the purchase of an insurance policy providing for payments of, all or part of the expenses incurred or damages paid or payable by Indemnitee with respect to a bona fide claim against Indemnitee or the Company do not provide for a deferral of
compensation, subject to Section 409A of the Code, where such claim is based on actions or failures to act by Indemnitee in his or her capacity as a service provider of the Company. The parties intend that this Agreement be interpreted and construed
with such intent. 
 Section 22.         Applicable Law and Consent to
Jurisdiction.  This Agreement and the legal relations among the parties shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. Except
with respect to any arbitration commenced by Indemnitee pursuant to Section 12(a) of this Agreement, the Company and Indemnitee hereby irrevocably and unconditionally (i) agree that any action or proceeding arising out of or in connection with this
Agreement shall be brought 

  
 12 

 
only in the Delaware Court, and not in any other state or federal court in the United States of America or any court in any other country, (ii) consent to submit to the exclusive jurisdiction of
the Delaware Court for purposes of any action or proceeding arising out of or in connection with this Agreement, (iii) consent to service of process at the address set forth in Section 19 of this Agreement with the same legal force and validity as
if served upon such party personally within the State of Delaware, (iv) waive any objection to the laying of venue of any such action or proceeding in the Delaware Court, and (v) waive, and agree not to plead or to make, any claim that any such
action or proceeding brought in the Delaware Court has been brought in an improper or inconvenient forum. 
 Section
23.         Headings.  The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the
construction thereof. 
 Section 24.         Identical Counterparts.  This
Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same Agreement. Only one such counterpart signed by the party against whom
enforceability is sought needs to be produced to evidence the existence of this Agreement. 
 [Remainder of Page Intentionally Left Blank]

  
 13 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be signed as of the day and year
first above written. 
  

					
	ALNYLAM PHARMACEUTICALS, INC.	 	
		
	By:                                   
                                 	 	
	      Name:	 	
	      Title:	 	
		
	                                    
                                      	 	
	      [Name of Indemnitee]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00260-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00260-of-00352.parquet"}]]