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AMENDED AND RESTATED SEVERANCE AGREEMENT
This Amended and Restated Severance Agreement (“Agreement”) dated as of the 24th day of February, 2022 is entered into by and between RadNet Management, Inc. (“Employer”), on the one hand, and Christine Gordon (“Employee”), on the other hand.
RECITALS
A.  Employee has been an employee of Employer since October l, 1990.
B.  Employer wishes to retain Employee as its employee for the foreseeable future. (As used herein, “foreseeable future” references an undefined period of time which is left to the sole discretion of Employee or Employer. This Agreement does not impose any obligation upon Employee to continue to work for Employer for any amount of time beyond the date of the signing of the Agreement. It is acknowledged and agreed by Employer that Employee has the right to terminate her employment with Employer with or without cause, at any time after the signing of the Agreement, without waiving any of the benefits set forth herein.  It is acknowledged and agreed by Employee that Employer has the right to terminate Employee’s employment with Employer with or without cause, at any time after the signing of the Agreement, without waiving any of the benefits set forth herein.
C.  The parties have agreed that for Employee to continue as an employee of Employer, she should be compensated in the event of the termination of her employment.  For avoidance of doubt, this Agreement will not affect Employee’s service on the RadNet, Inc. board of directors.
NOW, THEREFORE, in consideration of the promises and covenants herein, and intending to be legally bound, the parties hereto, and each of them, agree as follows:
1.Payment Upon Termination. Upon termination of Employee’s employment with Employer (such date of termination is the “Separation Date”), for any reason other than by reason of Employee’s death, conditioned upon Employee signing and not revoking a General Release of Claims in the form attached hereto as Exhibit A such that the General Release becomes effective by its own terms within 55 days after the Separation Date, Employer shall pay to Employee as severance compensation, the equivalent of twenty-four (24) months of Employee’s regular base salary at the time of the Separation Date (the “Severance Payment”). The Severance Payment shall be paid through stock value and/or cash, to be determined by Employer on or before the Separation Date (and the payment will be all in cash unless Employer affirmatively determines some other allocation but in any event the cash payment portion must be at least fifty percent (50%) of the Severance Payment).  For purposes of this Agreement, stock value shall be paid through delivery of shares common stock, par value $0.0001, of RadNet, Inc., a Delaware corporation, with the value calculated based on the closing price for the common stock as reported on the NASDAQ Global Market (or the primary exchange on which the common stock is then trading) as of the trading day prior to the Separation Date. The Severance Payment shall be paid to Employee after the Exhibit A General Release has become effective and irrevocable and within sixty days (60) of the Separation Date but shall be subject to any required delays in payment specified in Section 8 below. The Severance Payment and Section 2 benefits constitute all monies Employer shall be obligated to pay Employee in connection with termination of employment, with the exception of any portion of Employee’s regular salary that has been earned but not paid, accrued vacation time and/or any stock value owed to Employee prior to the Employee’s termination.
2.Continued Payment of Medical Insurance. In addition to the Severance Payment, Employer agrees to continue to pay each month for the monthly cost of Employee’s group medical insurance under federal/California COBRA (as applicable), inclusive of medical, dental 
									
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and vision benefits (“Medical Insurance”), for the term of twenty-four (24) months after the Separation Date or until the date Employee secures alternative medical insurance benefits, or the date upon which COBRA eligibility ends, whichever is earlier. The Medical Insurance provided to Employee by Employer after termination shall be to the maximum extent permitted (but in all cases subject to the terms of the benefits plans) identical in coverage in that said Medical Insurance will not exclude pre-existing conditions and shall include the same coverage and benefits as contained in the medical, dental and vision insurance plans provided to Employee by Employer immediately prior to the Separation Date and shall be maintained at the same degree as that offered to similarly situated employees.
3.General Release.
a)Except as otherwise stated in this Agreement, and in consideration for all of the promises and covenants herein, including but not limited to the continued employment and right to receive the Severance Payment, Employee acknowledges and agrees that Employee has actual bona fide disputes with the Company that are released by this Agreement, including without limitation disputes as to wage and hour claims, and knowingly and voluntarily releases and forever discharges the Company, its parent, subsidiary, related, affiliated, predecessor, and successor companies/entities, and each of their respective past, present and future principals, owners, stockholders, partners, members, directors, officers, joint venturers, joint employers, alter-egos, affiliates, fiduciaries, trustees, employees, servants, contractors, agents, attorneys, insurers, assigns, and representatives (the “Released Parties”) from all actions, suits, claims, controversies, disputes, demands, liabilities, grievances, charges, injuries, losses, damages, monies, injunctive relief, arbitrations, judgments, awards, orders, executions, attorney’s fees, debts, interest, expenses and costs, and other legal responsibilities, of any form or nature whatsoever, and/or any causes of action of whatever kind or character, whether known or unknown, suspected or unsuspected, unforeseen, unanticipated, unsuspected, or latent, which Employee (or Employee’s predecessors, successors, assigns, representatives, or authorized agents) ever had, now has, or which Employee’s heirs, assigns, executors or administrators hereafter can, shall or may have, arising out of or relating in any way to any acts, circumstances, facts, transactions, omissions, or other subject matters, based on facts occurring prior to the time Employee executes this Agreement (“Released Claims”).
b)The Released Claims include, but are not limited to any claims, causes of action, rights, actions, suits, charges, or disputes that have been or could be asserted against any of the Released Parties arising out of, in connection with, or in any way related to (i) Employee’s employment with the Company and/or the termination of Employee’s employment from the Company; (ii) any term or condition of Employee’s employment with the Company, including but not limited to any and all wages, compensation, salaries, minimum wage, overtime, holiday pay, bonuses, commissions, pay, allowances, monies, meal and rest period violations or premiums, off the clock work, expenses/reimbursements, wage statements, employee benefits, sick/vacation pay, sick leave, severance pay, retention pay, paid leave benefits, notification rights, any other wage and hour related claims, and any other benefits, penalties, interest, damages, and promises related to the same; and (iii) any claims to any equity interest in the Company, including without limitation stock options, shadow stock, restricted stock, membership units, distribution rights, partnership, stock, and all other forms of equity.  Without limiting the foregoing, and by way of examples only, the Released Claims also extend to any and all claims for alleged (A) violation of the National Labor Relations Act (NLRA) (to the extent permitted by law), Title VII of the Civil Rights Act (Title VII), the Americans With Disabilities Act of 1990 (ADA),the Employee Retirement Income Security Act (excluding vested benefits) (ERISA); the Rehabilitation Act, the Occupational Safety and Health Act (OSHA) (federal and California), the American Rescue Plan Act (ARPA), the Families First Coronavirus Response Act (FFCRA), the Fair Labor Standards Act (FLSA), the Family and Medical Leave Act (FMLA), the California Family Rights Act (CFRA), the Worker Adjustment and Retraining 
									
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Notification Act (federal and California), the California Fair Employment and Housing Act (FEHA), the Unfair Business Practices Act/Unfair Competition Law (UCL); the California Labor Code, the California Government Code, the California Civil Code, the applicable California Wage Order(s), and the California Private Attorneys General Act (to the extent permitted by law) (all as amended); (B) discrimination or harassment on the basis of any protected status, such as race, color, ancestry, national origin (including language use restrictions), citizenship, religious creed (including religious dress and grooming practices), sex (which includes pregnancy, childbirth, breastfeeding and medical conditions related to pregnancy, childbirth or breastfeeding), marital status, domestic partnership status, sexual orientation, gender, gender identity or gender expression, veteran status, military status, political affiliation, family care or medical leave status or the denial of family and medical care leave, age, physical or mental disability (including HIV and AIDS), medical condition (including cancer and genetic characteristics), genetic information, or any other basis protected by applicable federal, state or local law, rule, ordinance or regulation; (C) any whistleblower or retaliation claims on the basis of any protected activity or other protected basis; (D) breach of any express or implied promise, contract or agreement (express or implied), or breach of the implied covenant of good faith and fair dealing; (E) any tort or common law claims, including wrongful discharge, intentional or negligent infliction of emotional distress, negligence, fraud, misrepresentation, defamation, interference with prospective economic advantage, or other tort or common law actions; (F) claims for misclassification, wage and hour, or other claims related to hours, conditions, or compensation related to work; and (G) any other violation of local, state, or federal law, constitution, statute, regulation, ordinance, order, guidance, resolution, public policy, contract, or tort or common law claim, whether for legal or equitable relief, having any bearing whatsoever on the terms and conditions of employment, or association or working relationship, with any of the Released Parties, including but not limited to any allegations for penalties, interest, costs and fees, including attorneys’ fees, incurred in any of these matters, which Employee ever had, now has, or may have as of the date of this release.  All such claims, liabilities or causes of action (including, without limitation, claims for related attorneys’ fees and costs) are forever barred by this Agreement regardless of the forum in which they may be brought.  The parties intend for this release to be as broad as possible.
c)Notwithstanding the foregoing, Employee does not waive or release any claims under this Agreement, any claims for indemnification under Labor Code section 2802, or any other claims which cannot be waived or released by private agreement.  Further, nothing in this Agreement shall prevent Employee from filing a charge or complaint with, or from participating in, an investigation or proceeding conducted by the SEC, OSHA, EEOC, DFEH, NLRB or any other federal, state or local agency charged with the enforcement of any employment or other applicable laws.  Employee, however, understands that by signing this Agreement, Employee waives the right to recover any damages or to receive other relief in any claim or suit brought by or through the EEOC, the DFEH or any other state or local deferral agency on Employee’s behalf to the fullest extent permitted by law, but expressly excluding any monetary award or other relief available from the SEC/OSHA, including an SEC/OSHA whistleblower award, or other awards or relief that may not lawfully be waived.
4.Section 1542 of the California Civil Code. Employee waives and relinquishes all rights and benefits afforded by section 1542 of the Civil Code of California, which provides as follows:
A general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her favor at the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party.
									
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Employee hereby waives the provision of Section 1542 of the California Civil Code and acknowledges that this waiver is an essential and material term of this Agreement.
4.Later Discovery of Facts. Each of the parties acknowledges that it may hereafter discover facts different from, or in addition to, those which it now knows or believes to be true with respect to the releases herein made and agrees that every such release made by it is now and will remain effective notwithstanding the existence or the discovery of such additional facts.
5.No Disparagement. Employee agrees that she will not in any way (directly or indirectly) do or say anything at any time which disparages or derogates Employer, its business interests or reputation, or any of its directors, officers, investors, partners, shareholders, vendors, lenders, creditors, employees, or agents.  Nothing in this Section or any other provision of this Agreement is intended to prevent the parties from discussing or disclosing factual information regarding unlawful acts in the workplace, such as harassment or discrimination or any other conduct that Employee has reason to believe is unlawful.  
6.Future Cooperation. If requested, Employee will assist and cooperate with the defense or prosecution of any claims filed against or by Employer and Employee will furnish testimony if required or when deemed necessary by counsel and give other such assistance as Employer may reasonably request, such as furnishing recollection of meetings and business-related conversations, locations of files and correspondence, etc. Employer will pay all reasonable out-of-pocket expenses incurred by Employee in giving such assistance in addition to Employee’s reasonable consulting fee of Two Hundred and Fifty-Dollars ($250.00) per hour.
7.Taxes and Section 409A. All payments made by the Employer to Employee will be subject to tax withholding in amounts determined by the Employer pursuant to applicable laws or regulations and Employee shall be solely responsible for any taxes, excise taxes, penalties and/or interest imposed on Employee as a result of this Agreement or due to any other payments or benefits provided by the Employer or any Employer affiliate.  To the maximum extent permitted, this Agreement is intended to not constitute a “nonqualified deferred compensation plan” within the meaning of Internal Revenue Code Section 409A (“Section 409A”) but in any event will be interpreted to comply with Section 409A. In the event this Agreement or any benefit paid under this Agreement or otherwise by the Employer or any Employer affiliate to Employee is deemed to be subject to Section 409A, Employee consents to the Employer’s adoption of such conforming amendments as the Employer deems advisable or necessary, in its sole discretion (but without an obligation to do so), to comply with Section 409A and avoid the imposition of taxes under Section 409A.  For purposes of this Agreement, a termination of employment means a “separation from service” as defined in Section 409A and the Separation Date is intended to be the date of Employee’s separation from service. Each payment made pursuant to any provision of this Agreement shall be considered a separate payment and not one of a series of payments for purposes of Section 409A. To the extent any nonqualified deferred compensation payment to Employee could be paid in one or more of Employee’s taxable years depending upon Employee completing certain employment-related actions, then any such payments will commence or occur in the later taxable year to the extent required by Section 409A.  If upon Employee’s “separation from service” within the meaning of Section 409A, Employee is then a “specified Employee” (as defined in Section 409A), then solely to the extent necessary to comply with Section 409A and avoid the imposition of taxes under Section 409A, the Employer shall defer payment of “nonqualified deferred compensation” subject to Section 409A payable as a result of and within six (6) months following such “separation from service” until the earlier of (i) the first business day of the seventh month following Employee’s “separation from service,” (provided however that notwithstanding anything to the contrary the Severance Payment shall in no case be paid any earlier than 18 months after the effective date of this Agreement to the extent needed to comply with Section 
									
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409A)  or (ii) ten (10) days after the Employer receives written confirmation of Employee’s death. Any such delayed payments shall be made without interest.
8.Parties in Interest. Neither party may assign this Agreement or otherwise convey any rights or obligations under this Agreement without the prior written consent of the other party, except that Employer shall assign this Agreement to its successor in connection with a merger, consolidation, sale of stock, sale of substantially all of its assets.  The rights and duties of the parties hereto will bind and inure to the benefit of their respective permitted successors and permitted assigns, as the case may be.  Any attempted assignment in violation of the provisions of this section will be null and void.  This Agreement is for the sole benefit of the parties and their respective permitted successors and permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other person or entity any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.
9.Severability. The parties agree that if any term, provision, covenant or condition of this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining terms and provisions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated.
10.Singular/Plural Forms. As used herein, the singular shall constitute the plural and the plural shall constitute the singular where appropriate.
11.Attorneys’ Fees. In the event suit is brought by any party arising out of or in connection with this Agreement, the prevailing party shall be entitled to recover reasonable attorneys' fees and expenses incurred in connection therewith.
12.Choice of Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California and, as applicable, the laws of the United States, without giving effect to the principles of choice of law or conflicts of laws of California or any other jurisdiction.
13.Integration. The parties agree that this Agreement contains their entire agreement and supersedes all other agreements and understandings, whether written or oral, covering the subject matter hereof. This Agreement fully replaces and supersedes the Severance Agreement entered into by and between RadNet Management, Inc., on the one hand, and Christine Gordon, on the other hand, as of November 23, 2019.  The parties warrant that there were no representations, agreements, arrangements or understandings, whether written or oral, between them relating to the subject matter contained in this Agreement which are not fully expressed herein.
14.Modifications. No modification, amendment or waiver of any of the provisions contained in this Agreement, or any future representations, promise, or condition in connection with the subject matter of this Agreement, shall be binding upon any party to this Agreement unless made in writing and signed by such party or by a duly authorized officer, partner, or agent of such party.
15.Execution in Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same agreement. Delivery of a signed Agreement by reliable electronic means, including facsimile, email, or any electronic signature complying with the U.S. federal ESIGN Act of 2000 (including DocuSign) shall be an effective method of delivering the executed Agreement.  This Agreement may be stored by electronic means and either an original or an electronically stored copy of this Agreement can be used for all purposes, including in any proceeding to enforce the rights and/or obligations of the parties to this Agreement.
									
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16.Knowing and Voluntary Agreement. Employee, by signing this Agreement, represents and warrants that she has carefully read and fully understands this Agreement and its final and binding effect, that he has been afforded sufficient opportunity to review this Agreement with advisors of her choice, that she is fully competent to manage her own business affairs and to enter into this Agreement, and that she has signed this Agreement knowingly, freely and voluntarily.
						
	DATE: February 24, 2022	“Employee”
		
		/s/ CHRISTINE GORDON
		Christine Gordon
		
	

DATE:    February 24, 2022
	“Employer”
		
		/s/ NORMAN HAMES
		Norman Hames
President and COO, Western Division
RadNet Management, Inc.

									
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EXHIBIT A
GENERAL RELEASE OF CLAIMS 
[TO BE SIGNED NO EARLIER THAN SEPARATION DATE]

									
	SMRH:4884-5071-3099.4	-7-Exhibit 4.05

      

       

      

      Description of ACM Research, Inc. Securities

       

      The following information constitutes the “Description of Securities” required by Item 202(a) of Regulation S-K. As of March 1, 2022, ACM
        Research, Inc. has one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended, which is its Class A common stock, $0.0001 par value per share.

       

      References herein to “we,” “our,” “us,” or “our company” refer to ACM Research, Inc., a Delaware corporation. The following information
        summarizes the material terms of our common and preferred stock and warrants, as well as relevant provisions of our charter, which includes certificates of designations relating to each series of our preferred stock, and bylaws, the Delaware
        General Corporation Law and the Warrant (as defined below). For a complete description of the terms of our common stock and other securities, please refer to our charter and bylaws and the Warrant. 

       

      Authorized Capital Stock

       

      Our authorized capital stock consists of (i) 150,000,000 shares of Class A common stock, $0.0001 par value per share, of which 60,000,000
        are available only for issuance as dividends on outstanding Class A common stock, (ii) 5,307,816 shares of Class B common stock, $0.0001 par value per share, all of which are available only for issuance as dividends on outstanding Class B common
        stock, and (iii) 10,000,000 shares of preferred stock, $0.0001 par value per share. Class A common stock and Class B common stock are referred to collectively as common stock. Authorized but unissued shares of Class B Common Stock are not available
        for reissuance.

       

      Common Stock

       

      Voting Rights

       

      Except as otherwise required by Delaware law, at every annual or special meeting of stockholders, holders of Class B common stock are
        entitled to twenty votes per share and holders of Class A common stock are entitled to one vote per share. The holders of Class A common stock and Class B common stock vote together as a single class, unless otherwise required by law.

       

      Dividends

       

      Subject to preferences that may be applicable to any then outstanding preferred stock, the holders of our outstanding shares of common
        stock are entitled to receive dividends, if any, as may be declared from time to time by the board of directors out of legally available funds. The holders of Class A common stock and Class B common stock are entitled to share equally, identically
        and ratably, on a per share basis, with respect to any dividend or distribution unless different treatment of the shares of each such class is approved by the affirmative vote of the holders of a majority of the outstanding shares of Class A common
        stock and Class B common stock, each voting separately as a class. At present, we have no plans to issue dividends.

       

      Liquidation

       

      In the event of our liquidation, dissolution or winding up, holders of common stock will be entitled to share ratably in the net assets
        legally available for distribution to stockholders after the payment of all of our debts and other liabilities, subject to the satisfaction of any liquidation preference granted to the holders of any outstanding shares of preferred stock.

       

      Conversion

       

      Each outstanding share of Class B common stock is convertible into one share of Class A common stock (a) at any time, at the option of
        the holder, or (b) upon any transfer of such share of Class B common stock, whether or not for value, except for certain transfers described in our charter, including transfers to family members, trusts solely for the benefit of the stockholder or
        their family members, and partnerships, corporations, and other entities exclusively owned by the stockholder or their family members. Once converted or transferred and converted into Class A common stock, shares of Class B common stock will not be
        reissued.

       

      
        
          

      

      Other Rights and Preferences

       

      Other than as described above, holders of common stock have no preemptive, conversion or subscription rights, and there are no redemption
        or sinking fund provisions applicable to common stock. The rights, preferences and privileges of the holders of common stock are subject to, and may be adversely affected by, the rights of the holders of shares of any series of preferred stock that
        we may designate and issue in the future.

       

      Preferred Stock

       

      Under the terms of our charter, the board of directors is authorized to issue up to 10,000,000 shares of preferred stock in one or more
        series, to establish the number of shares to be included in each such series, and to fix the designation, powers, preferences and rights of such shares and any qualifications, limitations or restrictions thereof. These rights, preferences and
        privileges could include dividend rights, conversion rights, voting rights, terms of redemption, liquidation preferences, sinking fund terms and other provisions, any or all of which may be greater than the rights of common stock. The issuance of
        preferred stock with voting and conversion rights may adversely affect the voting power of the holders of common stock, including the loss of voting control to others, and the likelihood that such holders will receive dividend payments and payments
        upon our liquidation. In addition, the issuance of preferred stock could have the effect of delaying, deferring or preventing a change in control of our company or other corporate action.

       

      Anti-Takeover Provisions

       

      So long as the outstanding shares of Class B common stock represent a majority of the combined voting power of common stock, the holders
        of Class B common stock will effectively control all matters submitted to our stockholders for a vote, as well as the overall management and direction of our company, which will have the effect of delaying, deferring or discouraging another person
        from acquiring control of our company.

       

      After such time as the shares of Class B common stock no longer represent a majority of the combined voting power of common stock, the
        provisions of Delaware law, and our charter and our bylaws may have the effect of delaying, deferring or discouraging another person from acquiring control of our company.

       

      Delaware Law

       

      Section 203 of the Delaware General Corporation Law prevents some Delaware corporations from engaging, under some circumstances, in a
        business combination, which includes a merger or sale of at least 10% of the corporation’s assets with any interested stockholder, meaning a stockholder who, together with affiliates and associates, owns or, within three years prior to the
        determination of interested stockholder status, did own 15% or more of the corporation’s outstanding voting stock, unless:

       

      	

            	•	
              the transaction is approved by the board of directors prior to the time that the interested stockholder became an interested stockholder;

            

       

      	

            	•	
              upon consummation of the transaction, which resulted in the stockholder’s becoming an interested stockholder, the interested stockholder owned at
                least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding stock owned by directors who are also officers of the corporation; or

            

       

      	

            	•	
              subsequent to such time that the stockholder became an interested stockholder the business combination is approved by the board and authorized at an
                annual or special meeting of stockholders by at least two-thirds of the outstanding voting stock that is not owned by the interested stockholder.

            

       

      A Delaware corporation may “opt out” of these provisions with an express provision in its original charter or an express provision in its
        charter or bylaws resulting from a stockholders’ amendment approved by at least a majority of the outstanding voting shares. We have not opted out of these provisions. As a result, mergers or other
        takeover or change in control attempts of us may be discouraged or prevented.

       

      
        
          

      

      Charter and Bylaw Provisions

       

      Our charter and bylaws include a number of provisions that may have the effect of deterring hostile takeovers or delaying or preventing
        changes in control of our company, even after such time as the shares of Class B common stock no longer represent a majority of the combined voting power of common stock, including the following:

       

      	

            	•	
              Separate Class B Vote for Certain Transactions.
                Until the first date on which the outstanding shares of Class B common stock represent less than 35% of the combined voting power of common stock, any transaction that would result in a change in control of our company will require the
                approval of a majority of our outstanding Class B common stock voting as a separate class. This provision could delay or prevent the approval of a change in control that might otherwise be approved by a majority of outstanding shares of
                Class A and Class B common stock, voting together on a combined basis.

            

       

      	

            	•	
              Dual Class Stock. As described above in
                “—Common Stock—Voting Rights” above, our charter provides for a dual class common stock structure, which provides certain members of our senior management with the ability to control the outcome of matters requiring stockholder approval,
                even if they collectively own significantly less than a majority of the shares of our outstanding Class A and Class B common stock, including the election of directors and significant corporate transactions, such as a merger or other sale
                of our company or its assets.

            

       

      	

            	•	
              Supermajority Approvals. Our charter and
                bylaws provide that when the outstanding shares of Class B common stock represent less than a majority of the combined voting power of common stock, certain amendments to our charter or bylaws will require the approval of two-thirds of the
                combined vote of our then-outstanding shares of Class A and Class B common stock. This will have the effect of making it more difficult to amend our charter or bylaws to remove or modify certain provisions.

            

       

      	

            	•	
              Board of Directors Vacancies. Our charter and
                bylaws provide that stockholders may fill vacant directorships. When the outstanding shares of Class B common stock represent less than a majority of the combined voting power of common stock, our charter and bylaws authorize only the board
                of directors to fill vacant directorships. In addition, the number of directors constituting the board is set only by resolution adopted by a majority vote of our entire board. These provisions restricting the filling of vacancies will
                prevent a stockholder from increasing the size of the board and gaining control of the board by filling the resulting vacancies with its own nominees. Our charter provides that directors may be removed with or without cause only by the
                affirmative vote of the holders of at least two-thirds of the votes that all of the stockholders would be entitled to cast in any annual election of directors.

            

       

      	

            	•	
              Classified Board. The board of directors is
                not currently classified. Our charter and bylaws provide that when outstanding shares of Class B common stock represent less than a majority of the combined voting power of common stock, the board will be classified into three classes of
                directors, each of which will hold office for a three-year term. In addition, thereafter, directors may be removed from the board with or without cause only by the affirmative vote of the holders of at least two-thirds of the voting power
                of the then-outstanding shares of Class A and Class B common stock. The existence of a classified board could delay a successful tender offeror from obtaining majority control of the board, and the prospect of that delay might deter a
                potential offeror.

            

       

      	

            	•	
              Stockholder Action; Special Meeting of Stockholders.
                Our charter provides that stockholders will be able to take action by written consent. When the outstanding shares of Class B common stock represent less than a majority of the combined voting power of common stock, our stockholders will no
                longer be able to take action by written consent, and will only be able to take action at annual or special meetings of our stockholders. Stockholders will not be permitted to cumulate their votes for the election of directors. The absence
                of cumulative voting may make it more difficult for stockholders who own less than a majority in voting power to elect any directors to the board of directors. Our bylaws further provide that special meetings of our stockholders may be
                called only by the board, the chair of the board or our chief executive officer. A stockholder may not call a special meeting, which may delay the ability of our stockholders to force consideration of a proposal or for holders controlling a
                majority in voting power of our capital stock to take any action, including the removal of director.

            

       

      
        
          

      

      	

            	•	
              Advance Notice Requirements for Stockholder Proposals
                  and Director Nominations. Our bylaws provide advance notice procedures for stockholders seeking to bring business before our annual meeting of stockholders, or to nominate candidates for election as directors at any meeting of
                stockholders. Our bylaws also specify certain requirements regarding the form and content of a stockholder’s notice. These provisions may preclude our stockholders from bringing matters before our annual meeting of stockholders or from
                making nominations for directors at our meetings of stockholders.

            

       

      	

            	•	
              Issuance of Undesignated Preferred Stock. The
                board of directors has the authority, without further action by the stockholders, to issue shares of undesignated preferred stock with rights and preferences, including voting rights, designated from time to time by the board. The existence
                of authorized but unissued shares of preferred stock enables the board to render more difficult or to discourage an attempt to obtain control of us by means of a merger, tender offer, proxy contest or otherwise.

            

       

      Choice of Forum

       

      Our charter provides that the Court of Chancery of the State
          of Delaware will be the exclusive forum for: any derivative action or proceeding brought on our behalf; any action asserting a breach of fiduciary duty; any action asserting a claim against us arising pursuant to the Delaware General Corporation
          Law, or our charter or bylaws; any action to interpret, apply, enforce, or determine the validity of our charter or bylaws; or any action asserting a claim against us that is governed by the internal affairs doctrine. The enforceability of
          similar choice of forum provisions in other companies’ certificates of incorporation has been challenged in legal proceedings, and it is possible that a court could find these types of provisions to be inapplicable or unenforceable. The
        choice of forum provision summarized above is not intended to, and would not, apply to suits brought to enforce any liability or duty created by (i) the
          Securities Act of 1933 or the rules and regulations thereunder, jurisdiction over which is vested in concurrently vested in federal and state courts, or (ii) the Securities Exchange Act of 1934 or the rules and regulations thereunder,
          jurisdiction over which is exclusively vested by statute in the U.S. federal courts.

       

      Transfer Agent and Registrar

       

      The transfer agent and registrar for our common stock is Computershare Trust Company, N.A.

       

      Nasdaq Global Market

       

      The Class A common stock is listed on the Nasdaq Global Market under the symbol “ACMR.”

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