Document:

Form of Stock Award Agreement

 Exhibit 10.7 
  
 POWERWAVE TECHNOLOGIES, INC. 
  

STOCK AWARD AGREEMENT 
 UNDER

 2005 STOCK INCENTIVE PLAN 
  
 THIS STOCK AWARD AGREEMENT (the “Agreement”) is entered into as of
                            , 200   by and between
                                        
             (hereinafter referred to as “Grantee”) and Powerwave Technologies, Inc., a Delaware corporation (hereinafter referred to as the “Company”), pursuant to
the Company’s 2005 Stock Incentive Plan (the “Plan”). Any capitalized term not defined herein shall have the same meaning ascribed to it in the Plan. 
  
 R E C I T A L S: 
  
 A. Grantee is an employee or director, and in connection therewith has rendered services for and on behalf of the Company or its Affiliates.

  
 B. The Company desires to issue shares of common stock
to Grantee for the consideration set forth herein to provide an incentive for Grantee to remain in the service of the Company and to exert added effort towards its growth and success. 
  
 NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, and for other good and valuable
consideration, the parties agree as follows: 
  
 1.
Issuance of Shares. The Company hereby offers to issue to Grantee an aggregate of
                            
(            ) shares of Common Stock of the Company (the “Shares”) on the terms and conditions herein set forth. Unless this offer is earlier revoked in writing by the
Company, Grantee shall have ten (10) days from the date of the delivery of this Agreement to Grantee to accept the offer of the Company by executing and delivering to the Company two copies of this Agreement, without condition or reservation of
any kind whatsoever, together with the consideration to be delivered by Grantee pursuant to Section 2 below, if applicable. 
  
 2. Consideration. The purchase price for the Shares shall be zero ($0.00). 
  
 3. Vesting of Shares. The Shares shall be fully vested
as of the date of this Agreement. 
  
 4. Limitation
of Company’s Liability for Nonissuance. The Company agrees to use its reasonable best efforts to obtain from any applicable regulatory agency such authority or approval as may be required in order to issue and sell the Shares to Grantee
pursuant to this Agreement. The inability of the Company to obtain, from any such regulatory agency, authority or approval deemed by the Company’s counsel to be necessary for the lawful issuance and sale of the Shares hereunder and under the
Plan shall relieve the Company of any liability in respect of the nonissuance or sale of such Shares as to which such requisite authority or approval shall not have been obtained. 

 5. Notices. All notices, requests, demands and other communications required or
permitted under this Agreement shall be in writing and shall be deemed to have been duly given and effective (i) when delivered by hand, (ii) when otherwise delivered against receipt therefor, or (iii) three (3) business days
after being mailed if sent by registered or certified mail, postage prepaid, return receipt requested. Any notice shall be addressed to the parties as follows or at such other address as a party may designate by notice given to the other party in
the manner set forth herein: 
  
 (a) if to
the Company: 
  
       Powerwave Technologies, Inc. 
       1801 E. St.
Andrew Place 
       Santa Ana, CA 92705 
       Attention: Chief Financial Officer 
  
 (b) if to the Grantee, at the address shown on the signature page of this Agreement or at his most
recent address as shown in the employment or stock records of the Company. 
  
 6. Binding Obligations. All covenants and agreements herein contained by or on behalf of any of the parties hereto shall bind and inure to the benefit of the parties hereto and their permitted
successors and assigns. 
  
 7. Captions and Section
Headings. Captions and section headings used herein are for convenience only, and are not part of this Agreement and shall not be used in construing it. 
  

8. Number and Gender. Where the context requires, the singular shall include the plural, the plural shall include the singular,
and any gender shall include all other genders. 
  
 9.
Amendment. This Agreement may not be amended, waived, discharged, or terminated other than by written agreement of the parties. 
  
 10. Entire Agreement. This Agreement and the Plan constitute the entire agreement between the parties with respect to the subject
matter hereof and supersede all prior or contemporaneous written or oral agreements and understandings of the parties, either express or implied. 
  
 11. Assignment. Grantee shall have no right, without the prior written consent of the Company, to (i) sell, assign, mortgage,
pledge or otherwise transfer any interest or right created hereby, or (ii) delegate his or her duties or obligations under this Agreement. This Agreement is made solely for the benefit of the parties hereto, and no other person, partnership,
association or corporation shall acquire or have any right under or by virtue of this Agreement. 
  
 12. Severability. Should any provision or portion of this Agreement be held to be unenforceable or invalid for any reason, the
remaining provisions and portions of this Agreement shall be unaffected by such holding. 
  
 13. Applicable Law. This Agreement shall be construed in accordance with the laws of the State of California without reference to choice of law principles, as to all matters, including, but not
limited to, matters of validity, construction, effect or performance. 
  

 2 

 14. No Agreement to Employ. Nothing in this Agreement shall affect any right with
respect to continuance of employment by the Company or any of its subsidiaries. The right of the Company or any of its subsidiaries to terminate at will the Grantee’s employment at any time (whether by dismissal, discharge or otherwise), with
or without cause, is specifically reserved, subject to any other written employment agreement to which the Company and Grantee may be a party. 
  
 15. “Market Stand-Off” Agreement. Grantee agrees that, if requested by the Company or the managing underwriter of any
proposed public offering of the Company’s securities (including any acquisition transaction where Company securities will be used as all or part of the purchase price), Grantee will not sell or otherwise transfer or dispose of any Shares held
by Grantee without the prior written consent of the Company or such underwriter, as the case may be, during such period of time, not to exceed 180 days following the effective date of the registration statement filed by the Company with respect to
such offering, as the Company or the underwriter may specify. 
  
 16. Tax Consequences. Grantee understands that Grantee (and not the Company) shall be responsible for the Grantee’s own tax liability that may arise as a result of the acquisition of the Shares. The Company has the
authority to require Grantee to remit to the Company an amount sufficient to satisfy all federal, state, and local taxes required by law to be withheld with respect to any taxable event arising as a result of the receipt of the Shares. 

 
 17. Attorneys’ Fees. If any party shall bring an
action in law or equity against another to enforce or interpret any of the terms, covenants and provisions of this Agreement, the prevailing party in such action shall be entitled to recover reasonable attorneys’ fees and costs. 
  
 18. Counterparts. This Agreement may be executed in one
or more counterparts, all of which taken together shall constitute one agreement and any party hereto may execute this Agreement by signing any such counterpart. This Agreement shall be binding upon Grantee and the Company at such time as the
Agreement, in counterpart or otherwise, is executed by Grantee and the Company. 
  
 [Signature Page Follows] 
  

 3 

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

  

									
	THE COMPANY:	 	 	 	 	 	GRANTEE:
				
	 POWERWAVE TECHNOLOGIES, INC.
	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	By:	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 Name:
	 	 	 	 	 	 	 	(Print Name)
	 	 	 	 	 	 	 	 	 
	 Title:
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 Address:

					
	 	 	 	 	 	 	 	 	 
					
	 	 	 	 	 	 	 	 	 

  

 4 

  
 CONSENT AND RATIFICATION
OF SPOUSE 
  
 The undersigned, the spouse of
                                        
    , a party to the attached Stock Award Agreement (the “Agreement”), dated as of
                                , hereby consents to the execution of said
Agreement by such party; and ratifies, approves, confirms and adopts said Agreement, and agrees to be bound by each and every term and condition thereof as if the undersigned had been a signatory to said Agreement, with respect to the Shares (as
defined in the Agreement) made the subject of said Agreement in which the undersigned has an interest, including any community property interest therein. 
  
 I also acknowledge that I have been advised to obtain independent counsel to represent my interests with respect to this Agreement but that I have
declined to do so and I hereby expressly waive my right to such independent counsel. 
  

					
			
	Date:
                                	 	 	 	  
	 	 	 	 	(Signature)
			
	  	 	 	 	  
	 	 	 	 	(Print Name)Amendment to Registration Agreement and Founder Repurchase Rights Agreement

 Exhibit 10.7 
  
 AMENDMENT TO THE REGISTRATION AGREEMENT 
 AND 
 THE FOUNDER REPURCHASE AND RIGHTS AGREEMENT 
  
 This AMENDMENT TO THE
REGISTRATION AGREEMENT AND THE FOUNDER REPURCHASE AND RIGHTS AGREEMENT (the
“Amendment”), which amends (i) the Registration Agreement, dated as of December 23, 2002 and as amended on February 2, 2005 and May 19, 2005 (as amended, the “Registration Agreement”) by and among Rackable
Systems, Inc. (the “Company”), Giovanni Coglitore, Nikolai Gallo and Jack Randall (collectively, the “Founders”) and the Investor (as defined therein) and (ii) the Founders Repurchase and Rights Agreement, dated as of
December 23, 2002 and as amended on May 19, 2005 (as amended, the “Founders Agreement”) by and among the Company, the Founders and the Rackable Investment LLC (“Investment LLC”), is entered into this 16th day of November, 2005 by Parthenon Investors II, L.P. (“Parthenon”), Investment LLC, the Founders and the Company on
behalf of all of the parties to the Registration Agreement and the Founders Agreement. 
  
 RECITALS 
  
 WHEREAS, Section 9(d) provides that the Company and the holders of a majority of the Investor Registrable Securities (as such term is defined in the Registration Agreement) may amend and/or waive
any provision of the Registration Agreement; 
  
 WHEREAS, the Company, the Founders and Investment LLC may amend and/or waive any provision of the Founders Agreement; 
  
 WHEREAS, Section 2(c) of the Registration Agreement provides for the allocation of
shares in a Piggyback Registration (as defined therein); 
  
 WHEREAS, the Company, Parthenon and the Founders have been informed by Thomas Weisel Partners LLC (“TWP”), the lead managing underwriter in the Company’s proposed follow-on public offering
of the Company’s common stock pursuant to a registration statement on Form S-1 filed on November 9, 2005, that, in the opinion of TWP, such public offering should not proceed with the allocation of the shares as set forth in such
Section 2(c); 
  
 WHEREAS, Parthenon, the Company and the Founders hereby desire to amend Section 2(c) of the Registration Agreement as a result of the advice provided by TWP; and 
  
 WHEREAS, in connection with the
amendment of the Registration Agreement, Parthenon, Investment LLC, the Company and the Founders hereby desire to amend the Founders Agreement and to agree to such other terms and conditions contained herein. 
  
 NOW, THEREFORE, in
consideration of the foregoing recitals, mutual promises, and all other terms and conditions contained herein, the parties hereto hereby agree as follows: 
  

 1 

 AGREEMENT 
  
 1. Amendment of Section 2(c) of the Registration Agreement. The following clause shall replace in its entirety
all of the language in Section 2(c) of the Registration Agreement that comes after the first paragraph of Section 2(c): 
  
 “Notwithstanding anything to the contrary in this Registration Agreement, in the event of a Piggyback Registration pursuant to the Company’s Registration
Statement filed on Form S-1 on November 9, 2005, as the same may be amended from time to time (the “2005 Piggyback Registration”), the Registrable Securities included in the 2005 Piggyback Registration shall be as follows: 

 

	(a)	 	With respect to the firm portion (the “Firm Portion”) of the 2005 Piggyback Registration: 

  

			
	Selling Entity	  	Number of Shares
	 	  	 
	 Parthenon (as defined
below)
	  	4,000,000
	 Tom
Barton
	  	   213,000
	 Todd
Ford
	  	   183,000
	 Giovanni
Coglitore
	  	   242,000
	 Nikolai
Gallo
	  	   242,000
	 Jack
Randall
	  	   242,000
	 PTI Global (as defined
below)
	  	   273,000

  

	    	 	In addition, 2,600,000 of the shares of Company common stock to be included in the 2005 Piggyback Registration shall be sold by the Company. All remaining shares to be sold in the
Firm Portion, which consists of 8,000,000 less the number of shares to be sold by the Company, the Founders, Tom Barton, Todd Ford, Parthenon Investors II, L.P. and its affiliated entities (“Parthenon”), and PTI Global Ventures and its
affiliated entities (“PTI Global), as set forth above (or as voluntarily reduced by such entities), shall be allocated by the Company in its sole discretion to persons and entities other than the Company and persons and entities set forth in
the table immediately above; provided, however, that if there are any remaining shares to be sold following such allocation, such remaining shares shall be sold by Parthenon. 

  

	(b)	 	With respect to the over-allotment portion (the “Over-Allotment Option”) of the 2005 Piggyback Registration: 

  

			
	Selling Entity	  	Number of Shares
	 	  	 
	 Parthenon
	  	330,000
	 Tom
Barton
	  	159,000
	 Todd
Ford
	  	138,000
	 Giovanni
Coglitore
	  	182,000
	 Nikolai
Gallo
	  	182,000
	 Jack
Randall
	  	182,000
	 PTI Global
Ventures
	  	  23,000

  

 2 

	    	 	All remaining shares to be sold in the Over-Allotment Option, which consists of 1,200,000 less the number of shares to be sold by the Founders, Tom Barton, Todd Ford, Parthenon and
PTI Global as set forth above (or as voluntarily reduced by such entities), shall be allocated by the Company in its sole discretion to persons and entities other than the Company and the persons and entities set forth in the table immediately
above; provided, however, that if there are any remaining shares to be sold following such allocation, such remaining shares shall be sold by Parthenon. 

  

	(c)	 	In the event the Over-Allotment Option in connection with the 2005 Piggyback Registration is not fully exercised by the underwriters, the shares of Registrable Securities to be sold
in the Over-Allotment Option shall be reduced (i) first from the shares to be sold by Parthenon, (ii) second, from the shares to be sold by the selling stockholders, excluding Jack Randall and Nikolai Gallo, reduced on a pro rata basis
with such other selling stockholders, and (iii) third, from the shares to be sold by Jack Randall and Nikolai Gallo, reduced on a pro rata basis with the other Founder. 

  

	(d)	 	In the event the number of shares to be sold in the 2005 Piggyback Registration (or potentially sold with respect to the Over-Allotment Option) is increased above 8,000,000 shares
in the Firm Portion and 1,200,000 shares in the Over-Allotment Option, then Parthenon shall be provided the opportunity to include in the 2005 Piggyback Registration an additional number of shares equal to eighty percent (80%) of such increased
number of shares and the remaining twenty percent (20%) shall be allocated by the Company, in its sole discretion, to the Company, Parthenon or additional selling stockholders, which additional selling stockholders shall exclude the Founders,
Tom Barton and Todd Ford; provided, however, that in the event such increased Over-Allotment Option in connection with the 2005 Piggyback Registration is not fully exercised by the underwriters, the shares to be sold in such increased
Over-Allotment Option shall be reduced (i) first from the additional shares to be sold in such increased Over-Allotment Option pursuant to the provisions of this subsection (d) on a pro rata basis, and (ii) second, as set forth in
subsection (c) above. 

  

	(e)	 	In the event the number of shares to be sold in the 2005 Piggyback Registration is decreased below 8,000,000 shares in the Firm Portion and 1,200,000 shares in the Over-Allotment
Option, then (i) the number of shares sold by the Company and each of the selling stockholders in the Firm Portion as set forth in (a) above shall be reduced on a pro rata basis by such amount as shall be necessary to reduce the size of
the Firm Portion to the actual number of shares to be sold, and (ii) the number of shares to be sold or potentially sold by the selling stockholders with respect to the Over-Allotment Option as set forth in (b) above shall be reduced on a
pro rata basis by such amount as shall be necessary to reduce the size of the Over-Allotment Option to the actual number of shares to be sold; provided, however, that if such reduced Over-Allotment Option is not fully exercised, then the
provisions of subsection (c) above shall apply to further reduce the number of shares to be sold by the selling stockholders in such Over-Allotment Option. 

  

	(f)	 	For purposes of this Section 1, Registrable Securities held by Tom Barton and Todd Ford shall include common stock acquired pursuant to currently exercisable options.

  
 2. Amendment of Section 3 of the
Registration Agreement. Section 3 of the Registration Agreement shall not apply to a Founder with respect to an underwritten Demand Registration (as defined in the Registration Agreement) or an underwritten Piggyback 

  

 3 

 
Registration (as defined in the Registration Agreement) in the event that (a) such Founder does not participate in such Demand Registration or Piggyback
Registration, and (b) such Founder is not a director or officer of the Company. For purposes of the prior sentence, “officer” shall have the meaning ascribed to it in Rule 16a-1(f) of the Securities Exchange Act of 1934.

  
 3. Waiver of Registration Rights. Except as
specifically described in Section 1 above, with respect to the 2005 Piggyback Registration, Parthenon, the Founders and the Company hereby waive on behalf of all holders of Registrable Securities (as defined in the Registration Agreement) any
and all registration rights maintained by any party pursuant to the Registration Agreement. 
  
 4. Termination of Registration Rights. Notwithstanding anything contained in the Registration Agreement to the contrary, Parthenon and the Company shall not amend or waive any provision of the Registration
Agreement in a manner that shall adversely affect the Founders’ ability to participate in any Piggyback Registration that shall commence (defined as the filing of the initial registration statement in that offering) before December 1,
2006, without the written consent of Founders holding collectively a majority of the Registrable Securities held collectively by all of the Founders. 
  
 5. Termination of Section 4 of the Founder’s Agreement. Effective upon the closing of the 2005 Piggyback Registration, Section 4 of
the Founders Agreement shall be terminated. For the avoidance of doubt, following the closing of the 2005 Piggyback Registration and notwithstanding anything to the contrary in the Founders Agreement, each of the Founders may transfer Founders
Shares (as defined in the Founders Agreement) pursuant to the piggyback rights under the Registration Agreement, and furthermore, each of the Founders and each of such Founder’s Permitted Transferees (as defined in the Founders Agreement) of
Founders Shares together with such Founder may transfer, except as they are otherwise subject to a lock-up period and subject to applicable securities laws, without the restrictions set forth in the Founders Agreement. In addition, following any
such transfer by the Founders or the Permitted Transferees of Founder Shares, the Founder Shares shall cease to be Founder Shares and holders thereof shall not be bound by the terms and conditions of the Founders Agreement. 
  
 6. Authorization to Remove Legends on Founders’ or Parthenon’s
Stock Certificates. In the event that a Founder (or a representative of the Founder) or Parthenon requests in writing that the Company remove from such Founder’s or Parthenon’s (as applicable) stock certificate(s) the legend referring
to the restrictions on resale under the Securities Act of 1933, as amended, as a result of such Founder or Parthenon (as applicable) meeting the requirements of the provisions of Rule 144(k) of the Securities Act of 1933, as amended, and provided
that, at the request of the Company, such Founder or Parthenon (as applicable) shall have provided the Company with such proof of meeting the requirements of the provisions of Rule 144(k) as the Company shall require (which, if requested by the
Company, shall include a written opinion to the Company by reputable legal counsel to the Founder or Parthenon (as applicable) (in a form and substance reasonably satisfactory to the Company) opining that such Founder or Parthenon (as applicable) is
no longer an affiliate of the Company and has not been an affiliate for at least 90 days), then promptly following such event and submission of proof the Company hereby agrees to remove such legends from such stock certificate(s). 
  
 7. Registration Agreement and Founders Agreement. Except as expressly
amended hereby, the Registration Agreement and the Founders Agreement shall continue in full force and effect. In the event of any inconsistency or conflict between this Amendment 

  

 4 

 
and the Registration Agreement or the Founders Agreement, the terms, conditions and provisions of this Amendment shall govern and control. 
  
 8. Entire Agreement. This Amendment, the Registration Agreement and
the Founders Agreement embody the complete agreement and understanding among the parties and supersede and preempt any prior understandings, agreements or representations by or among the parties, written or oral, which may have related to the
subject matter hereof in any way. 
  
 9. Governing
Law. The construction, validity, enforcement and interpretation of this Amendment shall be governed by, and construed in accordance with, the laws of the State of Delaware, without giving effect to any choice of law or conflict of law rules or
provisions (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Delaware. 
  
 10. Counterparts. This Amendment may be executed in separate counterparts, each of which is deemed to be an original
and all of which taken together constitute one and the same agreement. 
  
 REMAINDER OF THE PAGE INTENTIONALLY LEFT BLANK 
  

 5 

 IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first above written.

  

									
	RACKABLE SYSTEMS, INC.	 	 	 	PARTHENON INVESTORS II, L.P.
					
	By	 	 /S/ TODD FORD
	 	 	 	By	 	 /S/ JOHN RUTHERFORD

	 Name:
	 	 Todd Ford
	 	 	 	 Name:
	 	 John C. Rutherford

	 Title:
	 	 Executive Vice President and Chief Financial Officer
	 	 	 	 Title:
	 	 Managing Member

  

									
	FOUNDERS	 	 	 	 RACKABLE INVESTMENT LLC
 By: Parthenon Investors II, L.P, its manager
 By: PCap Partners II, LLC, its General Partner
 By PCap II, LLC, its Managing Member

				
	 /S/ GIOVANNI COGLITORE
	 	 	 	By	 	 /S/ JOHN RUTHERFORD

	 Giovanni Coglitore
	 	 	 	 Name:
	 	 John C. Rutherford

	 	 	 	 	 	 	 Title:
	 	 Managing Member

				
	 /S/ NIKOLAI GALLO
	 	 	 	 	 	 
	 Nikolai Gallo
	 	 	 	 	 	 
				
	 /S/ JACK RANDALL
	 	 	 	 	 	 
	 Jack Randall
	 	 	 	 	 	 

  

 6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00093-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00093-of-00352.parquet"}]]