Document:

EX-10.1

 Exhibit 10.1 
  

 
 LETTER AGREEMENT 

September 5, 2014 
 By Overnight Mail 

Monsanto Company 
 Attn: Vice President, Chemistry 

800 N. Lindbergh Blvd. 
 St. Louis, Missouri 63167 

 

	Re:	License and Collaboration Agreement dated as of August 27, 2012 by and among Monsanto Company and Alnylam Pharmaceuticals, Inc. 

Dear Dr. McCarroll: 
 Reference is made to
the License and Collaboration Agreement (the “License Agreement”) dated as of August 27, 2012 by and among Monsanto Company (“Monsanto”) and Alnylam Pharmaceuticals, Inc. (“Alnylam”). Capitalized terms used but not
defined herein shall have the meanings ascribed to them in the License Agreement. 
 Pursuant to Article IV of the License Agreement,
Alnylam and Monsanto agreed to pursue at least one Discovery Collaboration during the thirty-month period commencing with the Effective Date. In addition, Section 5.5 of the License Agreement provides that Monsanto shall pay, or cause to be
paid, to Alnylam a one-time, non-refundable payment of $1.0 million, to be made in accordance with the payment schedule for deliverables set forth in the agreement for such Discovery Collaboration, but in no event later than thirty months after the
Effective Date. 
 Following good faith discussions and mutual evaluation of potential areas for collaboration, Alnylam and Monsanto have
determined that, notwithstanding the provisions of Article IV of the License Agreement, they will not pursue any Discovery Collaboration. Accordingly, Alnylam and Monsanto hereby waive the requirements of Article IV of the License Agreement. Given
that the parties will not pursue a Discovery Collaboration, Alnylam hereby agrees that Monsanto shall not be required to pay Alnylam the $1.0 million payment set forth in Section 5.5 of the License Agreement. 

Except as amended, modified and supplemented by the terms of this Letter Agreement, the provisions of the License Agreement are and shall
remain in full force and effect. This Letter Agreement and the License Agreement (as amended by this Letter Agreement) contain the entire understanding of the parties with respect to the subject matter hereof. 

300 Third Street — Cambridge MA, 02142
— main 617.551.8200 — fax 617.551.8101 — 

www.alnylam.com 

 Please indicate your agreement to the foregoing by signing below and returning a fully executed
version to my attention. 
 Very truly yours, 
 /s/ Laurence
E. Reid 
 Laurence E. Reid, Ph.D. 
 Senior Vice President and
Chief Business Officer 
 Agreed to and acknowledged by: 

MONSANTO COMPANY 
  

			
	By:	 	 /s/ Robert M. McCarroll

	Name:	 	 Robert M. McCarroll

	Title:	 	 VP, Chemistry Technology

  

	cc:	General Patent Counsel 

 Monsanto Company 

800 N. Lindbergh Boulevard 
 St.
Louis, Missouri 63167 
 Manager of Technology Alliances Team 

Monsanto Company 
 800 N.
Lindbergh Boulevard, B2NL 
 St. Louis, Missouri 63167 

  
 2Exhibit 10.1 

Code of Ethics

 

 

 

OVERVIEW

 

MicroChannel Technologies Corporation (“MicroChannel”)
has adopted a Code of Ethics that applies to all Officers, Directors, and Employees of the company and its affiliates (herein collectively
referred to as, “Employee” or “Employees”). 

In so doing, this Code of Ethics demands the highest standards of business conduct required of all Employees. 

The Code is part of MicroChannel’s ongoing effort to comply with applicable laws and have an effective program in place to
prevent and detect violations of law; this code is an effort to train and educate MicroChannel Employees about ethical business
practices.

 

OBJECTIVE

 

A key MicroChannel objective is to conduct business operations
in the most ethical manner possible. MicroChannel cares about its Employees, shareholders, clients, suppliers and the communities
in which it conducts business operations. During the course of meeting its business objectives, MicroChannel believes that it is
essential for all Employees to understand and comply with the Code of Ethics and in so doing, participate in MicroChannel’s
way of operating its business.

 

STANDARD OF CONDUCT

 

MicroChannel insists that all aspects of its business operations
be conducted with honesty, integrity, fairness and with respect for those affected by its business activities. Similarly, MicroChannel
expects the same in its relationships among those with whom it does business.

All Employees are expected to maintain and promote integrity and honesty in all business transactions. Employees must conduct themselves
according to the highest ethical standards and are expected to apply ethical business practices in the administrative and financial
affairs of MicroChannel business operations.

There is no Code of Ethics that can expect to define suitable behavior for each situation, nor should it seek to do so. As such,
Employees are expected to exercise vigilance and make considered judgment of what is right and proper in any particular situation.

While carrying out the business operations of MicroChannel, Employees are expected to be accountable, truthful, trustworthy, conscientious,
and committed to the highest standards of ethical business practices. As such, Employees are required to avoid all impropriety
as well as the appearance of impropriety when conducting MicroChannel business operations.

 

ACCURACY AND COMPLETENESS OF ACCOUNTING RECORDS

 

MicroChannel’s accounting and supporting documents must
accurately and completely describe and represent the nature and result of MicroChannel’s business operations. The results
and activities of MicroChannel’s operations must be presented in a fair and unbiased manner.

 

    	 

    	 

    

MicroChannel business transactions must be appropriately authorized as well as completely and accurately recorded on the Company’s
books. Proposed budgets, financial assessments, evaluations and fiscal presentations must fairly present all information relevant
to the business transaction. Furthermore, at no time will the Company establish or maintain cash funds or asset accounts which
are unrecorded.

Misappropriation, wrongful allocation, or improper use of the Company’s assets and property, or the false entry to records
and reports by any Employee or by others must be reported to Board of MicroChannel.

 

ACCURATE AND TIMELY COMMUNICATION

 

MicroChannel expects Employees to be completely truthful and
forthright in all internal and external interactions and communications, whether with shareholders, clients, government agencies,
or others.

Employees will ensure that all statements are accurate and complete with no misrepresentations which may mislead or misinform.
In all cases, Employees are expected to provide full, prompt and accurate disclosure to governmental agencies.

 

MAINTAINING AND RETAINING RECORDS

 

In order to maintain the security and integrity of MicroChannel’s
record-keeping and reporting systems, all Employees must adhere to applicable records retention procedures and fully understand
how to document and transact entries that fall within their jurisdiction.

All Employees are expected to comply fully with audits and provide timely response to requests for records or other materials from
or on behalf of MicroChannel auditors or management.

 

COMPLYING WITH THE LAW

 

MicroChannel Employees are expected to fully comply with both
the letter and the spirit of the laws and regulations of the countries in which the Company conducts business.

MicroChannel Employees are expected to act in accordance with the accepted business practices in commercial markets and adhere
to the contractual terms and conditions applicable to any business transaction.

All Employees must commit to abiding by all applicable laws and regulations.

The breach of rules, regulations, ethical standards, and laws cannot be justified by the pursuit of profit or the departure from
acceptable practice by competitors.

 

INSIDER TRADING

 

MicroChannel Employees are strictly prohibited by law from buying
or selling the Company’s shares or any other public security as a result of inside information.

Furthermore, it is against the law and unethical to provide such information about MicroChannel to other individuals or companies
so that they may gain.

 

    	 

    	 

    

 

In accordance with the Code of Ethics, Employees are strictly prohibited from trading in shares of MicroChannel, clients or suppliers
as a result of any inside information.

 

ENVIRONMENTAL ISSUES

 

MicroChannel is committed to running its business in an environmentally
sound and sustainable manner. MicroChannel’s objective is to ensure that its business operations have the minimum adverse
environmental impact commensurate with the legitimate needs of its business operations.

DISCLOSURE OF PERSONAL INTEREST

 

MicroChannel Employees are expected to fully disclose any personal
interest(s) which could impinge or might reasonably be considered by others to conflict with their business dealings with industry.

MicroChannel Employees must not engage in personal activities and financial interests that may conflict with their responsibilities
and obligations to the Company or give assistance to competitors, in conflict with the interests of MicroChannel or its clients.

Under all circumstances, Employees must obtain the formal consent of MicroChannel management if they intend to become partners,
shareholders, or Directors, or participants in companies outside the MicroChannel corporate structure.

 

PERSONAL DISCRETION AND CONFIDENTIALITY

 

At all times, Employees are expected to respect the confidentiality
of information received during the course of business dealings and must never use such information for personal benefit or gain.

Employees are expected to give information during the course of business which is truthful, complete and fair and never intended
to mislead.

Employees cannot disclose MicroChannel trade secrets, confidential or proprietary information, or any other such information without
the written, formal authorization of management. Such information may not be disclosed as a means of making profit, gains or benefits.

At no time can Employees use Internet bulletin boards, chat rooms, messaging services, or other electronic systems to discuss issues,
affairs, or opinions related to MicroChannel or any of its industries, or to respond to comments about the Company. MicroChannel
considers electronic postings to be the same as “speaking to the media”.

 

FAIR COMPETITION

 

MicroChannel is committed to vigorous yet fair competition and
supports the development of appropriate competition laws. Each Employee must avoid any business arrangement that might prevent
the effective operation of fair competition.

 

COMPLIANCE WITH THE COMPANY’S CODE OF ETHICS

 

MicroChannel’s Board of Directors is responsible for ensuring
that the standards outlined in the Code of Ethics are fully communicated to all Employees and are similarly understood and adhered
to.

 

    	 

    	 

    

Should the Company experience loss of business as a result of adhering to the Code of Ethics, the Board of Directors will not criticize,
condemn or complain.

Likewise, should a real or suspected breach of the Company’s Code of Ethics be brought to the attention of the Company, the
Board of Directors will ensure that the reporting Employee does not suffer as a consequence of doing so.

The Company’s Code of Ethics are reflective of MicroChannel’s ethical standards and expectations. Accordingly, Employees
are expected to fulfill the Company’s ethical commitments in a way that is clearly visible to all those with whom MicroChannel
conducts its business.

At all times, Employees are expected to fully comply with the standards established in the Code of Ethics and ensure that their
personal conduct is always above reproach.

MicroChannel expects each Employee to ensure that the conduct of others around him or her is in compliance with the Code of Ethics
and that any breach of the same is duly reported to management.

All breaches of the law or violations of regulations and the standards of conduct listed in this Code of Ethics may lead to serious
consequences for the Employee concerned; MicroChannel Employees have a legal, moral, and ethical duty to report any such real or
suspected violation to the Board of Directors and regulatory authorities.

 

“CODE OF ETHICS” ENFORCEMENT

 

MicroChannel Employees understand and acknowledge that a breach
of the Code of Ethics can result in severe disciplinary action, including but not necessarily limited to termination.

The Company’s Code of Ethics will be fairly enforced at all levels, without prejudice.

 

ANNUAL ACKNOWLEDGEMENT

 

Each Employee will be required to sign a statement annually
that he or she has read and understands MicroChannel’s Code of Ethics. This statement will also require that the Employee
state that he or she is in full compliance with the Code.

 

EMPLOYEE CERTIFICATION AND ACKNOWLEDGEMENT

 

I acknowledge and certify that I have read and understood the
information set forth in the Code of Ethics of MicroChannel Technologies, Inc. and will comply with these principles in my daily
work activities. I am not aware of any violation of the standards of MicroChannel’s Code of Ethics.

Date:___________________________________

Name (print):___________________________________

Position:___________________________________

Address:___________________________________

Signature:___________________________________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00237-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00237-of-00352.parquet"}]]