Document:

Exhibit 10.7  

ACCURAY INCORPORATED  

 INDEMNIFICATION AGREEMENT  

        This Indemnification Agreement ("Agreement") is effective as
of                        , 2006, by and between Accuray
Incorporated, a Delaware corporation (the "Company"), and                        
("Indemnitee"). 

        A.    The
Company recognizes the continued difficulty in obtaining liability insurance for its directors, officers, employees, controlling persons, fiduciaries and other agents
and affiliates, the significant increases in the cost of such insurance and the general reductions in the coverage of such insurance. 

        B.    The
Company further recognizes the substantial increase in corporate litigation in general, subjecting directors, officers, employees, controlling persons, fiduciaries
and other agents and affiliates to expensive litigation risks at the same time as the availability and coverage of liability insurance has been severely limited. 

        C.    The
current protection available to directors, officers, employees, controlling persons, fiduciaries and other agents and affiliates of the Company may not be adequate
under the present circumstances, and directors, officers, employees, controlling persons, fiduciaries and other agents and affiliates of the Company (or persons who may be alleged or deemed to be the
same), including the Indemnitee, may not be willing to continue to serve or be associated with the Company in such capacities without additional protection. 

        D.    The
Company (a) desires to attract and retain the involvement of highly qualified persons, such as Indemnitee, to serve and be associated with the Company, and
(b) accordingly, wishes to provide for the indemnification and advancement of expenses to the Indemnitee to the maximum extent permitted by law. 

        E.    In
view of the considerations set forth above, the Company desires that Indemnitee shall be indemnified and advanced expenses by the Company as set forth herein. 

        In
consideration of the mutual promises and covenants contained herein, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

        1.    Certain Definitions.    

        (a)   "Change in Control" shall be deemed to have occurred if, on or after the date of this Agreement, (i) any "person"
(as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), other than a trustee or other fiduciary holding securities under an employee benefit plan of the
Company acting in such capacity or a corporation owned directly or indirectly by the shareholders of the Company in substantially the same proportions as their ownership of stock of the Company,
becomes the "beneficial owner" (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing more than 50% of the total voting power
represented by the Company's then outstanding Voting Securities (as defined below), (ii) during any period of two (2) consecutive years, individuals who at the beginning of such period
constitute the Board of Directors of the Company and any new director whose election by the Board of Directors or nomination for election by the Company's shareholders was approved by a vote of at
least two thirds (2/3) of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was previously so
approved, cease for any reason to constitute a majority thereof, or (iii) the shareholders of the Company approve a merger or consolidation of the Company with any other corporation other than
a merger or consolidation which would result in the Voting Securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being
converted into Voting Securities of the surviving entity) at least 80% of the total voting power represented by the Voting Securities of the Company or such surviving entity outstanding immediately
after such merger or consolidation, or 

 

(iv) the
shareholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of (in one transaction or a series of
related transactions) all or substantially all of the Company's assets. 

        (b)   "Claim" shall mean with respect to a Covered Event (as defined below): any threatened, asserted, pending or completed
action, suit, proceeding or alternative dispute resolution mechanism, or any hearing, inquiry or investigation that Indemnitee in good faith believes might lead to the institution of any such action,
suit, proceeding or alternative dispute resolution mechanism, whether civil, criminal, administrative, investigative or other. 

        (c)   References
to the "Company" shall include, in addition to Accuray Incorporated, any constituent corporation (including
any constituent of a constituent) absorbed in a consolidation or merger to which Accuray Incorporated (or any of its wholly owned subsidiaries) is a party, which, if its separate existence had
continued, would have had power and authority to indemnify its directors, officers, employees, agents or fiduciaries, so that if Indemnitee is or was a director, officer, employee, agent or fiduciary
of such constituent corporation, or is or was serving at the request of such constituent corporation as a director, officer, employee, agent or fiduciary of another corporation, partnership, joint
venture, employee benefit plan, trust or other enterprise, Indemnitee shall stand in the same position under the provisions of this Agreement with respect to the resulting or surviving corporation as
Indemnitee would have with respect to such constituent corporation if its separate existence had continued. 

        (d)   "Covered Event" shall mean any event or occurrence related to the fact that Indemnitee is or was a director, officer,
employee, agent or fiduciary of the Company, or any subsidiary of the Company, or is or was serving at the request of the Company as a director, officer, employee, agent or fiduciary of another
corporation, partnership, joint venture, trust or other enterprise, or by reason of any action or inaction on the part of Indemnitee while serving in such capacity. 

        (e)   "Expenses" shall mean any and all losses, claims, damages expenses and liabilities, joint or several (including
attorneys' fees and all other costs, expenses and obligations incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to
defend, to be a witness in or to participate in, any action, suit, proceeding, alternative dispute resolution mechanism, hearing, inquiry or investigation), judgments, fines, penalties and amounts
paid in settlement (if such settlement is approved in advance by the Company, which approval shall not be unreasonably withheld) actually and reasonably incurred, of any Claim and any federal, state,
local or foreign taxes imposed on the Indemnitee as a result of the actual or deemed receipt of any payments under this Agreement. 

        (f)    "Expense Advance" shall mean a payment to Indemnitee pursuant to Section 3 of Expenses in advance of the
settlement of or final judgement in any action, suit, proceeding or alternative dispute resolution mechanism, hearing, inquiry or investigation, which constitutes a Claim. 

        (g)   "Independent Legal Counsel" shall mean an attorney or firm of attorneys, selected in accordance with the provisions of
Section 2(d) hereof, who shall not have otherwise performed services for the Company or Indemnitee within the last three (3) years (other than with respect to matters concerning the
rights of Indemnitee under this Agreement, or of other indemnitees under similar indemnity agreements). 

        (h)   References
to "other enterprises" shall include employee benefit plans; references to
"fines" shall include any excise taxes assessed on Indemnitee with respect to an employee benefit plan; and references to
"serving at the request of the Company" shall include any service as a director, officer, employee, agent or fiduciary of the Company which imposes
duties on, or involves services by, such director, officer, employee, agent or fiduciary with respect to an employee benefit plan, its participants or its beneficiaries; and if Indemnitee acted in
good faith and in a manner Indemnitee reasonably 

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believed
to be in the interest of the participants and beneficiaries of an employee benefit plan, Indemnitee shall be deemed to have acted in a manner "not opposed to the best
interests of the Company" as referred to in this Agreement. 

        (i)    "Reviewing Party" shall mean, subject to the provisions of Section 2(d), any person or body appointed by the Board
of Directors in accordance with applicable law to review the Company's obligations hereunder and under applicable law, which may include a member or members of the Company's Board of Directors,
Independent Legal Counsel or any other person or body not a party to the particular Claim for which Indemnitee is seeking indemnification. 

        (j)    "Section" refers to a section of this Agreement unless otherwise indicated. 

        (k)   "Voting Securities" shall mean any securities of the Company that vote generally in the election of directors. 

        2.    Indemnification.    

        (a)    Indemnification of Expenses.    Subject to the provisions of Section 2(b) below, the Company shall
indemnify Indemnitee for Expenses to the fullest extent permitted by law if Indemnitee was or is or becomes a party to or witness or other participant in, or is threatened to be made a party to or
witness or other participant in, any Claim (whether by reason of or arising in part out of a Covered Event), including all interest, assessments and other charges incurred in connection with or in
respect of such Expenses. 

        (b)    Review of Indemnification Obligations.    Notwithstanding the foregoing, in the event any Reviewing Party shall
have determined (in a written opinion, in any case in which Independent Legal Counsel is the Reviewing Party) that Indemnitee is not entitled to be indemnified hereunder under applicable law,
(i) the Company shall have no further obligation under Section 2(a) to make any payments to Indemnitee not made prior to such determination by such Reviewing Party and (ii) the
Company shall be entitled to be reimbursed by Indemnitee (who hereby agrees to reimburse the Company) for all Expenses theretofore paid in indemnifying Indemnitee (within thirty (30) days after
such determination);  provided, however, that if Indemnitee has commenced or thereafter commences legal proceedings in a court of competent jurisdiction to secure a
determination that Indemnitee is entitled to be indemnified hereunder under applicable law, any determination made by any Reviewing Party that Indemnitee is not entitled to be indemnified hereunder
under applicable law shall not be binding and Indemnitee shall not be required to reimburse the Company for any Expenses theretofore paid in indemnifying Indemnitee until a final judicial
determination is made with respect thereto (as to which all rights of appeal therefrom have been exhausted or lapsed). Indemnitee's obligation to reimburse the Company for any Expenses shall be
unsecured and no interest shall be charged thereon. 

        (c)    Indemnitee Rights on Unfavorable Determination; Binding Effect.    If any Reviewing Party determines that
Indemnitee substantively is not entitled to be indemnified hereunder in whole or in part under applicable law, Indemnitee shall have the right to commence litigation seeking an initial determination
by the court or challenging any such determination by such Reviewing Party or any aspect thereof, including the legal or factual bases therefor, and, subject to the provisions of Section 15,
the Company hereby consents to service of process and to appear in any such proceeding. Absent such litigation, any determination by any Reviewing Party shall be conclusive and binding on the Company
and Indemnitee. 

        (d)    Selection of Reviewing Party; Change in Control.    If there has not been a Change in Control, any Reviewing
Party shall be selected by the Board of Directors, and if there has been such a Change in Control (other than a Change in Control which has been approved by a majority of the Company's Board of
Directors who were directors immediately prior to such Change in Control), any Reviewing Party with respect to all matters thereafter arising concerning the rights of Indemnitee to indemnification of
Expenses under this Agreement or any other agreement or under the Company's 

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Certificate
of Incorporation or bylaws as now or hereafter in effect, or under any other applicable law, if desired by Indemnitee, shall be Independent Legal Counsel selected by the Indemnitee and
approved by Company (which approval shall not be unreasonably withheld). Such counsel, among other things, shall render its written opinion to the Company and Indemnitee as to whether and to what
extent Indemnitee would be entitled to be indemnified hereunder under applicable law and the Company agrees to abide by such opinion. The Company agrees to pay the reasonable fees of the Independent
Legal Counsel referred to above and to indemnify fully such counsel against any and all expenses (including attorneys' fees), claims, liabilities and damages arising out of or relating to this
Agreement or its engagement pursuant hereto. Notwithstanding any other provision of this Agreement, the Company shall not be required to pay Expenses of more than one Independent Legal Counsel in
connection with all matters concerning a single Indemnitee, and such Independent Legal Counsel shall be the Independent Legal Counsel for any or all other Indemnitees unless (i) the Company
otherwise determines or (ii) any Indemnitee shall provide a written statement setting forth in detail a reasonable objection to such Independent Legal Counsel representing other Indemnitees. 

        (e)    Mandatory Payment of Expenses.    Notwithstanding any other provision of this Agreement other than
Section 10 hereof, to the extent that Indemnitee has been successful on the merits or otherwise, including, without limitation, the dismissal of an action without prejudice, in defense of any
Claim, Indemnitee shall be indemnified against all Expenses incurred by Indemnitee in connection therewith. 

        (f)    Contribution.    If the indemnification provided for in this Agreement is for any reason held by a court of
competent jurisdiction to be unavailable to an Indemnitee, then in lieu of indemnifying Indemnitee thereunder, the Company shall contribute to the amount paid or payable by Indemnitee as a result of
such Expenses (i) in such proportion as is appropriate to reflect the relative benefits received by the Company and Indemnitee, or (ii) if the allocation provided by clause (i)
above is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) above but also the relative fault of the
Company and Indemnitee in connection with the action or inaction which resulted in such Expenses, as well as any other relevant equitable considerations. In connection with the registration of the
Company's securities, the relative benefits received by the Company and Indemnitee shall be deemed to be in the same respective proportions that the net proceeds from the offering (before deducting
expenses) received by the Company and Indemnitee, in each case as set forth in the table on the cover page of the applicable prospectus, bear to the aggregate public offering price of the securities
so offered. The relative fault of the Company and Indemnitee shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission
or alleged omission to state a material fact relates to information supplied by the Company or Indemnitee and the parties' relative intent, knowledge, access to information and opportunity to correct
or prevent such statement or omission. 

        The
Company and Indemnitee agree that it would not be just and equitable if contribution pursuant to this Section 2(f) were determined by pro rata or by any other method of
allocation which does not take account of the equitable considerations referred to in the immediately preceding paragraph. In connection with the registration of the Company's securities, in no event
shall Indemnitee be required to contribute any amount under this Section 2(f) in excess of the net proceeds received by Indemnitee from its sale of securities under such registration statement.
No person found guilty of fraudulent misrepresentation (within the meaning of Section 11(1) of the Securities Act) shall be entitled to contribution from any person who was not found guilty of
such fraudulent misrepresentation. 

        3.    Expense Advances.    

        (a)    Obligation to Make Expense Advances.    The Company shall make Expense Advances to Indemnitee upon receipt of a
written undertaking by or on behalf of the Indemnitee to repay such 

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amounts
if it shall ultimately be determined that the Indemnitee is not entitled to be indemnified therefor by the Company. 

        (b)    Form of Undertaking.    Any written undertaking by the Indemnitee to repay any Expense Advances hereunder shall
be unsecured and no interest shall be charged thereon. 

        4.    Procedures for Indemnification and Expense Advances.    

        (a)    Timing of Payments.    All payments of Expenses (including without limitation Expense Advances) by the Company
to the Indemnitee pursuant to this Agreement shall be made to the fullest extent permitted by law as soon as practicable after written demand by Indemnitee therefor is presented to the Company, but in
no event later than forty-five (45) days after such written demand by Indemnitee is presented to the Company, except in the case of Expense Advances, which shall be made no later
than twenty (20) days after such written demand by Indemnitee is presented to the Company. 

        (b)    Notice/Cooperation by Indemnitee.    Indemnitee shall, as a condition precedent to Indemnitee's right to be
indemnified or Indemnitee's right to receive Expense Advances under this Agreement, give the Company notice in writing as soon as practicable of any Claim made against Indemnitee for which
indemnification will or could be sought under this Agreement. Notice to the Company shall be directed to the President or Chief Executive Officer of the Company at the address shown on the signature
page of this Agreement (or such other address as the Company shall designate in writing to Indemnitee). In addition, Indemnitee shall give the Company such information and cooperation as it may
reasonably require and as shall be within Indemnitee's power. 

        (c)    No Presumptions; Burden of Proof.    For purposes of this Agreement, the termination of any Claim by judgment,
order, settlement (whether with or without court approval) or conviction, or upon a plea of nolo contendere, or its equivalent, shall not create a
presumption that Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification is not permitted by this Agreement or
applicable law. In addition, neither the failure of any Reviewing Party to have made a determination as to whether Indemnitee has met any particular standard of conduct or had any particular belief,
nor an actual determination by any Reviewing Party that Indemnitee has not met such standard of conduct or did not have such belief, prior to the commencement of legal proceedings by Indemnitee to
secure a judicial determination that Indemnitee should be indemnified under this Agreement or applicable law, shall be a defense to Indemnitee's claim or create a presumption that Indemnitee has not
met any particular standard of conduct or did not have any particular belief. In connection with any determination by any Reviewing Party or otherwise as to whether the Indemnitee is entitled to be
indemnified hereunder, the burden of proof shall be on the Company to establish that Indemnitee is not so entitled. 

        (d)    Notice to Insurers.    If, at the time of the receipt by the Company of a notice of a Claim pursuant to
Section 4(b) hereof, the Company has liability insurance in effect which may cover such Claim, the Company shall give prompt notice of the commencement of such Claim to the insurers in
accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all
amounts payable as a result of such Claim in accordance with the terms of such policies. 

        (e)    Selection of Counsel.    In the event the Company shall be obligated hereunder to provide indemnification for
or make any Expense Advances with respect to the Expenses of any Claim, the Company, if appropriate, shall be entitled to assume the defense of such Claim with counsel approved by Indemnitee (which
approval shall not be unreasonably withheld) 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 Claim; provided, however, that 

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(i) Indemnitee
shall have the right to employ Indemnitee's separate counsel in any such Claim 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 any such defense, or (C) the Company shall not continue to retain such counsel to defend such Claim, then the fees and expenses of Indemnitee's separate counsel shall be Expenses for
which Indemnitee may receive indemnification or Expense Advances hereunder. The Company shall have the right to conduct such defense as it sees fit in its sole discretion, including the right to
settle any claim, action or proceeding against Indemnitee without the consent of Indemnitee, provided that the terms of such settlement include either: (i) a full release of Indemnitee by the
claimant from all liabilities or potential liabilities under such claim; or (ii), in the event such full release is not obtained, the terms of such settlement do not limit any indemnification right
Indemnitee may now, or hereafter, be entitled to under this Agreement, the Company's Certificate of Incorporation, bylaws, any agreement, any vote of shareholders or disinterested directors, the
General Corporation Law of the State of Delaware (the "DGCL") or otherwise. 

        5.    Additional Indemnification Rights; Nonexclusivity.    

        (a)    Scope.    The Company hereby agrees to indemnify the Indemnitee to the fullest extent permitted by law,
notwithstanding that such indemnification is not specifically authorized by the other provisions of this Agreement, the Company's Certificate of Incorporation, the Company's bylaws or by statute. In
the event of any change after the date of this Agreement in any applicable law, statute or rule which expands the right of a Delware corporation to indemnify a member of its board of directors or an
officer, employee, agent or fiduciary, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits afforded by such change. In the event of any change in
any applicable law, statute or rule which narrows the right of a Delaware corporation to indemnify a member of its board of directors or an officer, employee, agent or fiduciary, such change, to the
extent not otherwise required by such law, statute or rule to be applied to this Agreement, shall have no effect on this Agreement or the parties' rights and obligations hereunder except as set forth
in Section 10(a) hereof. 

        (b)    Nonexclusivity.    The indemnification and the payment of Expense Advances provided by this Agreement shall be
in addition to any rights to which Indemnitee may be entitled under the Company's Certificate of Incorporation, its bylaws, any other agreement, any vote of shareholders or disinterested directors,
the DGCL, or otherwise. The indemnification and the payment of Expense Advances
provided under this Agreement shall continue as to Indemnitee for any action taken or not taken while serving in an indemnified capacity even though subsequent thereto Indemnitee may have ceased to
serve in such capacity. 

        6.    No Duplication of Payments.    The Company shall not be liable
under this Agreement to make any payment in connection with any Claim made against Indemnitee to the extent Indemnitee has otherwise actually received payment (under any insurance policy, provision of
the Company's Certificate of Incorporation, bylaws or otherwise) of the amounts otherwise payable hereunder. 

        7.    Partial Indemnification.    If Indemnitee is entitled under any
provision of this Agreement to indemnification by the Company for some or a portion of Expenses incurred in connection with any Claim, but not, however, for the total amount thereof, the Company shall
nevertheless indemnify Indemnitee for the portion of such Expenses to which Indemnitee is entitled. 

        8.    Mutual Acknowledgment.    Both the Company and Indemnitee
acknowledge that in certain instances, federal law or applicable public policy may prohibit the Company from indemnifying its directors, officers, employees, agents or fiduciaries under this Agreement
or otherwise. Indemnitee understands and acknowledges that the Company may be required in the future to undertake with the 

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Securities
and Exchange Commission to submit the question of indemnification to a court in certain circumstances for a determination of the Company's right under public policy to indemnify Indemnitee. 

        9.    Liability Insurance.    To the extent the Company maintains
liability insurance applicable to directors, officers, employees, agents or fiduciaries, Indemnitee shall be covered by such policies in such a manner as to provide Indemnitee the same rights and
benefits as are provided to the most favorably insured of the Company's directors, if Indemnitee is a director; or of the Company's officers, if Indemnitee is not a director of the Company but is an
officer; or of the Company's key employees, agents or fiduciaries, if Indemnitee is not an officer or director but is a key employee, agent or fiduciary. 

        10.    Exceptions.    Notwithstanding any other provision of this
Agreement, the Company shall not be obligated pursuant to the terms of this Agreement: 

        (a)    Excluded Action or Omissions.    To indemnify Indemnitee for Expenses resulting from acts, omissions or
transactions for which Indemnitee is prohibited from receiving indemnification under this Agreement or applicable law; provided, however, that
notwithstanding any limitation set forth in this Section 10(a) regarding the Company's obligation to provide indemnification, Indemnitee shall be entitled under Section 3 to receive
Expense Advances hereunder with respect to any such Claim unless and until a
court having jurisdiction over the Claim shall have made a final judicial determination (as to which all rights of appeal therefrom have been exhausted or lapsed) that Indemnitee has engaged in acts,
omissions or transactions for which Indemnitee is prohibited from receiving indemnification under this Agreement or applicable law. 

        (b)    Claims Initiated by Indemnitee.    To indemnify or make Expense Advances to Indemnitee with respect to Claims
initiated or brought voluntarily by Indemnitee and not by way of defense, counterclaim or cross claim, except (i) with respect to actions or proceedings brought to establish or enforce a right
to indemnification under this Agreement or any other agreement or insurance policy or under the Company's Certificate of Incorporation or bylaws now or hereafter in effect relating to Claims for
Covered Events, (ii) in specific cases if the Board of Directors has approved the initiation or bringing of such Claim, or (iii) as otherwise required under Section 145 of the
DGCL, regardless of whether Indemnitee ultimately is determined to be entitled to such indemnification, Expense Advances or insurance recovery, as the case may be. 

        (c)    Lack of Good Faith.    To indemnify Indemnitee for any Expenses incurred by the Indemnitee with respect to any
action instituted (i) by Indemnitee to enforce or interpret this Agreement, if a court having jurisdiction over such action determines as provided in Section 13 that each of the material
assertions made by the Indemnitee as a basis for such action was not made in good faith or was frivolous, or (ii) by or in the name of the Company to enforce or interpret this Agreement, if a
court having jurisdiction over such action determines as provided in Section 13 that each of the material defenses asserted by Indemnitee in such action was made in bad faith or was frivolous. 

        (d)    Claims Under Section 16(b).    To indemnify Indemnitee for expenses and the payment of profits arising
from the purchase and sale by Indemnitee of securities in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended, or any similar successor statute;  provided, however, that
notwithstanding any limitation set forth in this Section 10(d) regarding the Company's obligation to provide
indemnification, Indemnitee shall be entitled under Section 3 to receive Expense Advances hereunder with respect to any such Claim unless and until a court having jurisdiction over the Claim
shall have made a final judicial determination (as to which all rights of appeal therefrom have been exhausted or lapsed) that Indemnitee has violated said statute. 

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        11.    Counterparts.    This Agreement may be executed in counterparts
and by facsimile or electronic transmission, each of which shall constitute an original and all of which, together, shall constitute one instrument. 

        12.    Binding Effect; Successors and Assigns.    This Agreement shall
be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors, assigns, including any direct or indirect successor by purchase, merger,
consolidation or otherwise to all or substantially all of the
business and/or assets of the Company, spouses, heirs, and personal and legal representatives. 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. This Agreement
shall continue in effect regardless of whether Indemnitee continues to serve as a director, officer, employee, agent or fiduciary (as applicable) of the Company or of any other enterprise at the
Company's request. 

        13.    Expenses Incurred in Action Relating to Enforcement or
Interpretation.    In the event that any action is instituted by Indemnitee under this Agreement or under any liability insurance policies maintained by the Company
to enforce or interpret any of the terms hereof or thereof, Indemnitee shall be entitled to be indemnified for all Expenses incurred by Indemnitee with respect to such action (including without
limitation attorneys' fees), regardless of whether Indemnitee is ultimately successful in such action, unless as a part of such action a court having jurisdiction over such action makes a final
judicial determination (as to which all rights of appeal therefrom have been exhausted or lapsed) that each of the material assertions made by Indemnitee as a basis for such action was not made in
good faith or was frivolous; provided, however, that until such final judicial determination is made, Indemnitee shall be entitled under
Section 3 to receive payment of Expense Advances hereunder with respect to such action. In the event of an action instituted by or in the name of the Company under this Agreement to enforce or
interpret any of the terms of this Agreement, Indemnitee shall be entitled to be indemnified for all Expenses incurred by Indemnitee in defense of such action (including without limitation costs and
expenses incurred with respect to Indemnitee's counterclaims and cross-claims made in such action), unless as a part of such action a court having jurisdiction over such action makes a final judicial
determination (as to which all rights of appeal therefrom have been exhausted or lapsed) that each of the material defenses asserted by Indemnitee in such action was made in bad faith or was
frivolous; provided, however, that until such final judicial determination is made, Indemnitee shall be entitled under Section 3 to receive
payment of Expense Advances hereunder with respect to such action. 

        14.    Notices.    All notices, requests, demands and other
communications under this Agreement shall be in writing and shall be deemed duly given (i) if delivered by hand and signed for by the party addressed, on the date of such delivery, or
(ii) if mailed by domestic certified or registered mail with postage prepaid, on the third business day after the date postmarked. Addresses for notice to either party are as shown on the
signature page of this Agreement or as subsequently modified by written notice. 

        15.    Consent to Jurisdiction.    The Company and Indemnitee each
hereby irrevocably consent to the jurisdiction of the courts of the State of Delaware for all purposes in connection with any action or proceeding which arises out of or relates to this Agreement and
agree that any action instituted under this Agreement shall be commenced, prosecuted and continued only in the Court of Chancery of the State of Delaware in and for Kent County, which shall be the
exclusive and only proper forum for adjudicating such a claim. 

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        16.    Severability.    The provisions of this Agreement shall be
severable in the event that any of the provisions hereof (including any provision within a single section, paragraph or sentence) are held by a court of competent jurisdiction to be invalid, void or
otherwise unenforceable, and the remaining provisions shall remain enforceable to the fullest extent permitted by law. Furthermore, to the fullest extent possible, the provisions of this Agreement
(including without limitation each portion of this Agreement containing any provision held to be invalid, void or otherwise unenforceable, that is not itself invalid, void or unenforceable) shall be
construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable. 

        17.    Choice of Law.    This Agreement, and all rights, remedies,
liabilities, powers and duties of the parties to this Agreement, shall be governed by and construed in accordance with the laws of the State of Delaware without regard to principles of conflicts of
laws. 

        18.    Subrogation.    In the event of 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 documents required and shall do all acts that may be necessary to
secure such rights and to enable the Company effectively to bring suit to enforce such rights. 

        19.    Amendment and Termination.    No amendment, modification,
termination or cancellation of this Agreement shall be effective unless it is in writing signed by both the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed to be
or shall constitute a waiver of any other provisions hereof (whether or not similar), nor shall such waiver constitute a continuing waiver. 

        20.    Integration and Entire Agreement.    This Agreement sets forth
the entire understanding between the parties hereto and supersedes and merges all previous written and oral negotiations, commitments, understandings and agreements relating to the subject matter
hereof between the parties hereto. 

        21.    No Construction as Employment Agreement.    Nothing contained
in this Agreement shall be construed as giving Indemnitee any right to employment by the Company or any of its subsidiaries or affiliated entities. 

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

	 	 	ACCURAY INCORPORATED
	

 	
 	

By:	

 
	

 	
 	

Name:	

 
	

 	
 	

Title:	

 
	

 	
 	

Address:	

Accuray Incorporated

1310 Chesapeake Terrace

Sunnyvale, CA 94089

Attn: Chief Financial Officer
	

 	
 	
AGREED TO AND ACCEPTED BY:
	

 	
 	
INDEMNITEE:
	

  	
 	

 	

 
	 	 	

	

 	
 	

Name:	

 
	 	 	 	

	

 	
 	

Address:	

 
	 	 	 	

	

 	
 	

 	

 
	 	 	 	

	

 	
 	

 	

 
	 	 	 	

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Exhibit 10.8  

[ACCURAY LETTERHEAD] 

November 10,
2006 

Euan
Thomson, Ph.D. 

	Re:
	EMPLOYMENT TERMS

Dear Euan: 

        Accuray
Incorporated (the "Company") is pleased to offer to continue your employment as President and Chief Executive Officer of
the Company on the terms and conditions set forth in this letter, effective as of November 10, 2006 (the "Effective Date"). This letter
amends and restates in its entirety that certain employment letter, dated as of January 25, 2002, between you and the Company (the "Original Employment
Letter"). 

        1.     TERM.    The employment relationship between you and the Company will be at-will. You and the
Company will have the right to terminate the employment relationship at any time and for any reason whatsoever, with or without cause, and without any liability or obligation except as may be
expressly provided herein. 

        2.     POSITION, DUTIES AND RESPONSIBILITIES.    During the period of the employment relationship between you and the
Company (the "Term"), the Company will employ you, and you agree to be employed by the Company, as Chief Executive Officer of the Company. In the
capacity of Chief Executive Officer, you will have such duties and responsibilities as are normally associated with such position and will devote your full business time and attention serving the
Company in such position. Your duties may be changed from time to time by the Company, consistent with your position. You will report to the Board of Directors of the Company
(the "Board"), and will work full-time at our principal offices located at 1310 Chesapeake Terrace, Sunnyvale, California
94089 (or such other location in the greater Sunnyvale area as the Company may utilize as its principal offices), except for travel to other locations as may be necessary to fulfill your
responsibilities. 

        3.     BASE COMPENSATION.    During the Term, the Company will pay you a base salary of $420,000 per year, less payroll
deductions and all required withholdings, payable in accordance with the Company's normal payroll practices and prorated for any partial month of employment. Your base salary may be subject to
increase pursuant to the Company's policies as in effect from time to time. 

        4.     ANNUAL BONUS.    In addition to the base salary set forth above, during the Term, you will be eligible to
participate in the Company's executive bonus plan applicable to similarly situated executives of the Company. The amount of your annual bonus will be based on the attainment of performance criteria
established and evaluated by the Company in accordance with the terms of such bonus plan as in effect from time to time, provided that, subject to the terms of such bonus plan, your target
(but not necessarily maximum) annual bonus shall be 60% of your base salary actually paid for such year. 

        5.     STOCK OPTION AWARDS.

        (a)   Subject
to approval by the Board or the Compensation Committee of the Board, the Company agrees to grant to you, not later than the first regularly scheduled Board
meeting of each calendar year during the Term, a stock option to purchase 40,000 shares of the Company's common stock (each, a "Stock Option").
Each Stock Option shall be granted to you as an "incentive stock option" (within the meaning of Section 422 of the Code) at an exercise price per share equal to the fair market value of a share
of the Company's common stock on the date of grant, as determined in accordance with the Company's incentive award plan under which such Stock Option is granted. Subject to your continued employment
with the Company, each Stock Option shall vest and become exercisable over a four (4) year period, with 1/48th of the shares subject thereto vesting in equal monthly
installments on each monthly anniversary of the date of grant. Consistent with the foregoing, the terms and conditions of each Stock Option shall be set 

 

forth
in a stock option agreement to be entered into by the Company and you which shall evidence the grant of each Stock Option (the "Stock Option
Agreement"). 

        (b)   In
the event of a Change in Control (as defined in Exhibit A hereto), each of your then outstanding stock options to purchase
shares of the Company's common stock (including, without limitation, the Stock Options) will become fully vested and exercisable immediately prior to the effective time of the Change
in Control. 

        6.     BENEFITS AND VACATION.    During the Term, you will be eligible to participate in all incentive, savings and
retirement plans, practices, policies and programs maintained or sponsored by the Company from time to time which are applicable to other similarly situated executives of the Company, subject to the
terms and conditions thereof. During the Term, you will also be eligible for standard benefits, such as medical, vision and dental insurance, sick leave, vacations and holidays to the extent
applicable generally to other similarly situated executives of the Company, subject to the terms and conditions of the applicable Company plans or policies. The benefits described in this
Section 6 will be subject to change from time to time as deemed appropriate and necessary by the Company. 

        7.     TERMINATION OF EMPLOYMENT.

        (a)   In
the event of a termination of your employment by the Company without Cause or by you for Good Reason (each as defined below), then, in addition to any other accrued
amounts payable to you through the date of termination of your employment (including any earned but unpaid bonus), (1) the Company will no later than the date that is six (6) months and
one (1) day after the date of your termination of employment, or the last day of such shorter period upon such termination of employment that is sufficient to avoid the imposition of additional
tax under Section 409A(a)(1)(B) of the Internal Revenue Code of 1986, as amended (the "Code"), or any other taxes or penalties imposed
under Section 409A of the Code, pay you a lump-sum severance payment (the "Severance Payment") in an amount equal to the sum
of (x) twelve (12) months of your annual base salary as in effect on the date of termination plus (y) a pro rata portion of your target annual bonus for the fiscal year of
the Company in which such termination occurs, calculated based on the number of days elapsed in such fiscal year through the date of termination plus (z) 100% of your target annual bonus for
the fiscal year of the Company in which such termination occurs, (2) each of your then outstanding stock options to purchase shares of the Company's common stock will, immediately prior to the
effective time of the termination of your employment, become vested and exercisable with respect to that number of additional shares that would have become vested during the twelve (12) month
period immediately following the date of such termination had you remained employed by the Company through such period, and (3) provided that you properly elect COBRA continuation coverage, the
Company will pay the COBRA premium for health care coverage for you and your spouse and children, as applicable and to the extent eligible (the "Severance
Benefits"), for the twelve (12) month period immediately following the date of such termination of your employment. Such payments for the Severance Benefits will begin
no later than the date that is six (6) months and one (1) day after the date of your termination of employment, or the last day of such shorter period upon such termination of employment
that is sufficient to avoid the imposition of additional tax under Section 409A(a)(1)(B) of the Code or any other taxes or penalties imposed under Section 409A of the Code
(the "Deferred
COBRA Payment Date"), and on the Deferred COBRA Payment Date, the Company will pay you an amount equal to the Severance Benefits for the period beginning on the date of your
termination of employment and ending on the Deferred COBRA Payment Date. 

        (b)   If
a Change in Control occurs during the Term and your employment with the Company is terminated (i) by the Company without Cause or by you for Good Reason, in
each case within the twelve (12) month period immediately following the effective date of the Change in Control or (ii) by you for any reason on or within the 30 day period
immediately following the effective date 

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of
the Change in Control, then, in lieu of the Severance Payment and Severance Benefits described in paragraph (a) of this Section 7 and in addition to any other accrued amounts
payable to you through the date of termination of your employment (including any earned but unpaid bonus), (1) the Company will no later than the date that is six (6) months and one
(1) day after the date of your termination of employment, or the last day of such shorter period upon such termination of employment that is sufficient to avoid the imposition of additional tax
under Section 409A(a)(1)(B) of the Code or any other taxes or penalties imposed under Section 409A of the Code, pay you a lump-sum Severance Payment in an amount equal to the
sum of (x) eighteen (18) months of your annual base salary as in effect on the date of termination plus (y) a pro rata portion of your target annual bonus for the fiscal
year of the Company in which the termination occurs, calculated based on the number of days elapsed in such fiscal year through the date of termination plus (z) 150% of your target annual bonus
for the fiscal year of the Company in which such termination occurs, and (2) provided that you properly elect COBRA continuation coverage, the Company will pay the Severance Benefits for the
eighteen (18) month period immediately following such termination of your employment. Such payments for the Severance Benefits will begin on the Deferred COBRA Payment Date, and on the Deferred
COBRA Payment Date, the Company will pay you an amount equal to the Severance Benefits for the period beginning on the date of your termination of employment and ending on the Deferred COBRA
Payment Date. 

        (c)   Notwithstanding
the foregoing, your right to receive the payments and benefits set forth in this Section 7 is conditioned on and subject to your execution and
non-revocation of a general release of claims against the Company and its affiliates, in a form prescribed by the Company. In no event shall you or your estate or beneficiaries be entitled
to any of the payments or benefits set forth in this Section 7 upon any termination of your employment by reason of your total and permanent disability or your death. 

        (d)   For
purposes of this letter: 

        (A)  "Cause" shall mean (i) your commission of a felony, (ii) your commission of a crime involving moral
turpitude or your commission of any other act or omission involving dishonesty, disloyalty, breach of fiduciary duty or fraud with respect to the Company or any of its subsidiaries or any of their
customers or suppliers, or (iii) your failure to perform the normal and customary duties of your position with the Company as reasonably directed by the Board, provided, that any of the acts or
omissions described in
the foregoing clauses (i), (ii) or (iii) are not cured to the Company's reasonable satisfaction within thirty (30) days after written notice thereof is given to
you; and 

        (B)  "Good Reason" shall mean the occurrence of any one or more of the following events without your prior written consent,
unless the Company fully corrects the circumstances constituting Good Reason within 30 days after notice from you that Good Reason exists: (i) a material reduction of your duties and
responsibilities hereunder; (ii) a relocation of your principal workplace more than 35 miles outside the Company's Sunnyvale corporate headquarters; or (iii) the Company's
reduction of your annual base salary or bonus opportunity, each as in effect on the date hereof or as the same may be increased from time to time; provided that written notice of your resignation for
Good Reason must be delivered to the Company within 30 days after the date you first know or should reasonably know of the occurrence of any such event in order for your resignation with Good
Reason to be effective hereunder. 

        8.     CODE SECTION 280G.

        (a)   In
the event it shall be determined that any payment or distribution to you or for your benefit which is in the nature of compensation and is contingent on a change in
the ownership or effective control of the Company or the ownership of a substantial portion of the assets of the 

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Company
(within the meaning of Section 280G(b)(2) of the Code), whether paid or payable pursuant to this letter or otherwise
(a "Payment"), would constitute a "parachute payment" under Section 280G(b)(2) of the Code and would be subject to the excise tax imposed
by Section 4999 of the Code (together with any interest or penalties imposed with respect to such excise tax, the "Excise Tax"), then the
Payments shall be reduced to the extent necessary so that no portion thereof shall be subject to the excise tax imposed by Section 4999 of the Code but only if, by reason of such reduction, the
net after-tax benefit received by you shall exceed the net after-tax benefit received by you if no such reduction was made. For purposes of this Section 8(a), "net
after-tax benefit" shall mean (i) the Payments which you receive or are then entitled to receive from the Company that would constitute "parachute payments" within the meaning of
Section 280G of the Code, less (ii) the amount of all federal, state and local income taxes payable with respect to the Payments calculated at the maximum marginal income tax rate for
each year in which the Payments shall be paid to you (based on the rate in effect for such year as set forth in the Code as in effect at the time of the first payment of the foregoing), less
(iii) the amount of Excise Taxes imposed with respect to the Payments. 

        (b)   All
determinations required to be made under this Section 8 shall be made by such nationally recognized accounting firm as may be selected by the Audit Committee
of the Board as constituted immediately prior to the change in control transaction (the "Accounting Firm"), provided, that the Accounting Firm's
determination shall be made based upon "substantial authority" within the meaning of Section 6662 of the Code. The Accounting Firm shall provide its determination, together with detailed
supporting calculations and documentation, to you and the Company within 15 business days following the date of termination of your employment, if applicable, or such other time as requested by
you (provided that you reasonably believe that any of the Payments may be subject to the Excise Tax) or the Company. All fees and expenses of the Accounting Firm shall be borne solely by
the Company. 

        9.     RESTRICTIVE COVENANTS.

        (a)   As
a condition of your employment with the Company, you agree that during the Term and thereafter, you will not directly or indirectly disclose or appropriate to your
own use, or the use of any third party, any trade secret or confidential information concerning the Company or its subsidiaries or affiliates (collectively, the "Company
Group") or their businesses, whether or not developed by you, except as it is required in connection with your services rendered for the Company. You further agree that, upon
termination of your employment, you will not receive or remove from the files or offices of the Company Group any originals or copies of documents or other materials maintained in the ordinary course
of business of the Company Group, and that you will return any such documents or materials otherwise in your possession. You further agree that, upon termination of your employment, you will maintain
in strict confidence the projects in which any member of the Company Group is involved or contemplating. 

        (b)   You
further agree that during the Term and continuing through the first anniversary of the date of termination of your employment, you will not directly or indirectly
solicit, induce, or encourage any employee, consultant, agent, customer, vendor, or other parties doing business with any member of the Company Group to terminate their employment, agency, or other
relationship with the Company Group or such member or to render services for or transfer their business from the Company Group or such member and you will not initiate discussion with any such person
for any such purpose or authorize or knowingly cooperate with the taking of any such actions by any other individual or entity. 

        (c)   While
employed by the Company, you agree that you will not engage in any business activity in competition with any member of the Company Group nor make preparations to
do so. 

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        (d)   Upon
the termination of your relationship with the Company, you agree that you will promptly return to the Company, and will not take with you or use, all items of any
nature that belong to the Company, and all materials (in any form, format, or medium) containing or relating to the Company's business. 

        (e)   In
recognition of the facts that irreparable injury will result to the Company in the event of a breach by you of your obligations under Sections 9(a), (b),
(c) or (d) above, that monetary damages for such breach would not be readily calculable, and that the Company would not have an adequate remedy at law therefor, you acknowledge, consent
and agree that in the event of such breach, or the threat
thereof, the Company shall be entitled, in addition to any other legal remedies and damages available, to specific performance thereof and to temporary and permanent injunctive relief (without the
necessity of posting a bond) to restrain the violation or threatened violation of such obligations by you. 

        10.   COMPANY RULES AND REGULATIONS.    As an employee of the Company, you agree to abide by Company policies,
procedures, rules and regulations as set forth in the Company's Employee Handbook or as otherwise promulgated. In addition, as a condition of your employment, you acknowledge that you and the Company
have entered into that certain Employee Confidentiality and Inventions Agreement dated as of March 11, 2002, and you hereby agree to abide by the terms of that certain Employee Confidentiality
and Inventions Agreement dated as of March 11, 2002, by and between you and the Company. 

        11.   DIRECTORS' AND OFFICERS' INSURANCE.    During the Term, the Company shall provide you with coverage under the
Company's directors' and officers' insurance policy, as in effect from time to time for senior executives of the Company. 

        12.   WITHHOLDING.    The Company may withhold from any amounts payable under this letter
such federal, state, local or foreign taxes as shall be required to be withheld pursuant to any applicable law or regulation. 

        13.   ARBITRATION.    Except as set forth in Section 9(e) above, any disagreement, dispute, controversy or
claim arising out of or relating to this letter or the interpretation of this letter or any arrangements relating to this letter or contemplated in this letter or the breach, termination or invalidity
thereof shall be settled by final and binding arbitration administered by JAMS/Endispute in Santa Clara County, California in accordance with the then existing JAMS/Endispute Arbitration Rules and
Procedures for Employment Disputes. Except as provided herein, the Federal Arbitration Act shall govern the interpretation, enforcement and all proceedings. The arbitrator shall apply the substantive
law (and the law of remedies, if applicable) of the state of California, or federal law, or both, as applicable, and the arbitrator is without jurisdiction to apply any different substantive
law. The arbitrator shall have the authority to entertain a motion to dismiss and/or a motion for summary judgment by any party and shall apply the standards governing such motions under the Federal
Rules of Civil Procedure. Judgment upon the award may be entered in any court having jurisdiction thereof. Each party shall pay his or its own attorneys' fees and expenses associated with such
arbitration to the extent permitted by applicable law. 

        14.   ENTIRE AGREEMENT.    As of the Effective Date, this letter, together with the Stock Option Agreement,
constitutes the final, complete and exclusive agreement between you and the Company with respect to the subject matter hereof and replaces and supersedes any and all other agreements, offers or
promises, whether oral or written, made to you by any member of the Company Group (including, without limitation, the Original Employment Letter). 

        15.   SEVERABILITY.    Whenever possible, each provision of this letter will be interpreted in such manner as to be
effective and valid under applicable law, but if any provision of this letter is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such 

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invalidity,
illegality or unenforceability will not affect any other provision of this letter, but such invalid, illegal or unenforceable provision will be reformed, construed and enforced so as to
render it valid, legal, and enforceable consistent with the intent of the parties insofar as possible. 

        16.   ACKNOWLEDGEMENT.    You hereby acknowledge (a) that you have consulted with or have had the opportunity
to consult with independent counsel of your own choice concerning this letter, and have been advised to do so by the Company, and (b) that you have read and understand this letter, are fully
aware of its legal effect, and have entered into it freely based on your own judgment. 

        17.   SECTION 409A OF THE CODE.    To the extent that any payments or benefits under this letter are deemed to
be subject to Section 409A of the Code, this letter will be interpreted in accordance with Section 409A of the Code and Department of Treasury regulations and other interpretive guidance
issued thereunder in order to (a) preserve the intended tax treatment of the benefits provided with respect to such payments and (b) comply with the requirements of Section 409A
of the Code. 

[SIGNATURE PAGE FOLLOWS] 

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        Please
confirm your agreement to the foregoing by signing and dating the enclosed duplicate original of this letter in the space provided below for your signature and returning it to the
Company. Please retain one fully-executed original for your files. 

	 	 	 	Sincerely,
	

 	

 	
 	
ACCURAY INCORPORATED,

a California corporation
	

 	

 	
 	

By:	

/s/ Wayne Wu

	 	 	 	 	Name: Wayne Wu

Title: Chairman
	

Accepted and Agreed,

this 10th day of November, 2006.	
 	

 	

 
	

By:	

/s/ Euan Thomson
	
 	

 	

 

7

 
 

EXHIBIT A    
    

        For purposes of this letter, "Change in Control" means and includes each of the following: 

        (a)   A
transaction or series of transactions (other than an offering of the Company's common stock to the general public through a registration statement filed with the
Securities and Exchange Commission) whereby any "person" or related "group" of "persons" (as such terms are used in Sections 13(d) and 14(d)(2) of the Securities Exchange Act of
1934, as amended (the "Exchange Act")) (other than the Company, any of its subsidiaries, an employee benefit plan maintained by the Company or
any of its subsidiaries or a "person" that, prior to such transaction, directly or indirectly controls, is controlled by, or is under common control with, the Company) directly or indirectly acquires
beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of securities of the Company possessing more than 50% of the total combined voting power of the
Company's securities outstanding immediately after such acquisition; or 

        (b)   During
any period of two consecutive years, individuals who, at the beginning of such period, constitute the Board together with any new director(s) (other than a
director designated by a person who shall have entered into an agreement with the Company to effect a transaction described in clause (a) or clause (c) hereof) whose election by the
Board or nomination for election by the Company's stockholders was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the
beginning of the two-year period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof; or 

        (c)   The
consummation by the Company (whether directly involving the Company or indirectly involving the Company through one or more intermediaries) of (x) a merger,
consolidation, reorganization, or business combination or (y) a sale or other disposition of all or substantially all of the Company's assets in any single transaction or series of related
transactions or (z) the acquisition of assets or stock of another entity, in each case other than a transaction: 

	(i)
	Which
results in the Company's voting securities outstanding immediately before the transaction continuing to represent (either by remaining outstanding or by being converted into
voting securities of the Company or the person that, as a result of the transaction, controls, directly or indirectly, the Company or owns, directly or indirectly, all or substantially all of the
Company's assets or otherwise succeeds to the business of the Company (the Company or such person, the "Successor Entity")) directly or
indirectly, at least a majority of the combined voting power of the Successor Entity's outstanding voting securities immediately after the transaction, and

	(ii)
	After
which no person or group beneficially owns voting securities representing 50% or more of the combined voting power of the Successor Entity; provided,
however, that no person or group shall be treated for purposes of this clause (c)(ii) as beneficially owning 50% or more of combined voting power of the Successor Entity
solely as a result of the voting power held in the Company prior to the consummation of the transaction; or 

        (d)   The
Company's stockholders approve a liquidation or dissolution of the Company. 

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EXHIBIT A

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