Document:

Exhibit 10.39

                                                           Cambridge Heart, Inc.

Memo

To:      The Directors of Cambridge Heart, Inc

From:    Jeff Arnold

CC:      Steve Singer

Date:    June 19, 2000

Re:      Recommendation for Strengthening the Management Team (CONFIDENTIAL)

-------------------------------------------------------------------------------

As I have now discussed with each of you, with the approval of the Heartwave
system and excellent progress we are making with reimbursement, the Company is
now positioned to penetrate the market with an expanded sales and marketing
effort. To achieve the greatest success, I believe that we should strengthen the
management of Cambridge Heart by hiring a president who has a strong background
in sales and marketing. Were we to be successful in doing so, I would expect to
continue to serve the Company as Executive Chairman.

I therefore have recommended to you that we pursue a search for such a
candidate. To maximize the chance that we find an acceptable candidate we must
be prepared to offer this candidate the position of CEO. We must understand that
we may not be able to find a candidate who we feel comfortable with and may,
therefore, elect to continue with the management structure in place at present
or with an alternative.

This memo is intended to outline my proposal for a transition of management
responsibilities ASSUMING a successful search for a CEO. This memorandum is not
a letter of resignation nor have I resigned. My current employment contract
remains in effect until amended.

Upon completion of a successful search for a CEO, I would expect to continue as
Chairman on a full-time basis for a period to be determined by the CEO and me.
This period would not be shorter than three months without my consent. During
this time I will assist the CEO by introducing him to key contacts, advising him
on the business and performing other duties as he may request. Except for my
duties as Chairman (setting the agenda for and calling Board meetings) I would
expect to perform duties as requested by the CEO. During this period I would
expect that my compensation will be unchanged from my current compensation
including any scheduled merit reviews and bonuses. I do not, however, expect to
receive any new stock option grants.

For one year after this period of full-time work, I expect to continue as
Chairman but on a part-time (one day per week average) basis. My
responsibilities as Chairman will be to set the agenda for and call Board
meetings, and to provide assistance to the CEO as he deems necessary. For this
period, I expect to be paid a salary of $10,000 per month plus medical benefits
(this is roughly equivalent to that paid to Richard Cohen for a similar amount
of time). This compensation would be guaranteed by the Company for the one year
period so long as I am available to provide the time to the Company. In
addition, during this period, my current unvested options for 160,000 shares
would continue to vest

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(i.e., depending on timing up to 40,000 additional shares will vest), and, as a
part-time employee, my options would remain as incentive stock options to the
extent allowed by tax laws (otherwise, they would convert to non-qualified
options).

After this one-year period it is my intention to remain as a Director and, if
the Board so chooses, as Chairman, until my elected term as Director expires. I
understand that I serve as Chairman at the pleasure of the Board and that, at
any time, the Board may decide to elect a new Chairman who may be the CEO or
other party.

It is understood that neither the Company nor I are bound by this to continue my
employment with the Company and that my employment can be terminated by the
Company or by me at any time. Until the search for a new president, contemplated
herein, is completed, my current employment contract remains in place.
Thereafter, the severance provisions of that contract shall no longer apply.
Should the Company then terminate my employment or remove me from the positions
described herein, the Company will be bound to pay only the minimum remaining
compensation amounts defined by this letter.

Other Matters

I expect that so long as I am serving the Company in one of the roles above I
would remain eligible for my FY 2000 bonus. My objectives for the year should be
adjusted to include finding a new president, raising an additional $3 MM and
getting the CPT code.

Yours sincerely,

/s/ Jeffrey M. Arnold

Jeffrey M. Arnold
Chairman, President and CEO

AGREED ON BEHALF OF THE BOARD OF DIRECTORS

/s/ Dan Mulvena                                      June 19, 2000
-----------------------------------                  --------------------------
Dan Mulvena                                          Date
Chairman, Compensation Committee

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THIS WARRANT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE LAW. NO INTEREST HEREIN MAY BE SOLD, DISTRIBUTED, ASSIGNED, OFFERED,
PLEDGED OR OTHERWISE TRANSFERRED WITHOUT THE PRIOR WRITTEN CONSENT OF THIS CORPORATION.

	No. W-1

Issued: April 17, 2000	 	Warrant to purchase

250,000 shares of Common

Stock (subject to adjustment)

CORILLIAN CORPORATION

COMMON STOCK PURCHASE WARRANT  

    THIS CERTIFIES THAT, for value received, Bank One Corporation (the "Holder") is entitled to exercise this Warrant to purchase from the Company Two Hundred
Fifty Thousand (250,000) fully paid and nonassessable shares of the Company's Common Stock, no par value per share (the "Common Stock"), on the terms and subject to the conditions set forth herein.
The shares of Common Stock issuable upon the exercise of this Warrant are referred to herein as the "Warrant Shares." The number of Warrant Shares issuable upon exercise of this Warrant and the
Exercise Price (as defined below) are subject to adjustment as provided herein. The term "Warrant" as used herein shall include this Warrant and any warrants delivered in substitution hereof as
provided herein. 

 1.1  Term of Warrant  

    This Warrant may be exercised by the Holder, in whole but not in part, at any time prior to the earlier of (a) April 17, 2003, or (b) the
closing of a Corporate Transaction (as defined below) (the "Exercise Period"). As used herein, the term "Corporate Transaction" means the sale of all or substantially all the assets of the Company or
the acquisition of the Company by another entity by means of a merger, consolidation, reorganization or any other transaction or series of related transactions resulting in the exchange of the
outstanding shares of the Company for securities or consideration issued or caused to be issued by the acquiring entity or any of its affiliates and as a result of which the shareholders of the
Company immediately prior to such transaction hold or receive, by virtue of their ownership of securities of the Company, less than fifty percent (50%) of the capital stock of the resulting entity. 

 1.2  Exercise Price  

    The Exercise Price at which this Warrant may be exercised shall be $8.00 per share of Common Stock, as adjusted from time to time pursuant to Section 4
hereof. 

 1.3  Method of Exercise  

 1.3.1  Procedure for Exercise  

    This Warrant may be exercised by the Holder, in whole or in part, by delivering to the Company (i) this Warrant, (ii) cash, a wire transfer of
funds or a check payable to the Company in the amount of the Exercise Price multiplied by the number of shares for which this Warrant is being exercised (the "Purchase Price"), and (iii) the
form of Election to Purchase attached hereto as Annex A, duly completed and executed by the Holder. This Warrant shall be deemed to have been exercised immediately prior to the close of business on
the date of its surrender for exercise as provided above. 

 1.3.2  Net Exercise Rights  

    Notwithstanding the payment provisions set forth above, the Holder may elect to receive Warrant Shares in an amount equal to the value (as determined below) of
this Warrant by surrender 

 

of this Warrant at the principal office of the Company, together with notice of such election, in which case the Company shall issue to the Holder the number of Warrant Shares determined as follows: 

X = Y (A-B)

A 

	Where:	 	X=	 	the number of Warrant Shares to be issued to the Holder
	 	 	Y=	 	the number of Warrant Shares subject to the portion of this Warrant being exercised
	 	 	A=	 	the Fair Market Value (as defined below) of one Warrant Share
	 	 	B=	 	the Exercise Price

    For purposes of the above calculation, the fair market value of a Warrant Share shall be the average of the closing bid and asked prices of the Company's
Common Stock as quoted on the Nasdaq National Market System or on any exchange on which such Common Stock is then listed, whichever is applicable, for the five trading days prior to the date of
exercise of this Warrant. 

2.  Delivery of Stock Certificates  

    Within 10 days after the payment of the Purchase Price following the exercise of this Warrant, the Company, at its expense, shall issue in the name of
the Holder a certificate for the number of fully paid and nonassessable Warrant Shares to which the Holder shall be entitled upon such exercise and payment. 

3.  Covenants as to Warrant Shares  

 3.1  Reservation of Warrant Shares  

    The Company shall at all times have authorized and reserve and keep available, free from preemptive rights, for the purpose of enabling it to satisfy any
obligation to issue Warrant Shares upon the exercise of this Warrant, the number of Warrant Shares deliverable upon full exercise of this Warrant. 

 3.2  Issuance of Warrant Shares  

    The Company covenants that all Warrant Shares shall, upon issuance thereof in accordance with the terms of this Warrant, be (a) duly authorized, validly
issued, fully paid and nonassessable and (b) free from all liens, pledges, charges and security interests created by the Company. 

4.  Adjustments  

 4.1  Adjustments of Exercise Price and Number of Warrant Shares  

    The Exercise Price and the number of Warrant Shares issuable upon the exercise of this Warrant shall be subject to adjustment from time to time as hereinafter
provided. Upon each adjustment of such Exercise Price pursuant to this Section 4, this Warrant shall thereafter entitle the Holder to purchase, at the Exercise Price resulting from such
adjustment, the number of Warrant Shares obtained by multiplying the Exercise Price in effect immediately prior to such adjustment by the number of Warrant Shares issuable upon exercise of this
Warrant immediately prior to such adjustment, and dividing the product thereof by the Exercise Price resulting from such adjustment. 

 4.2  Adjustment of Exercise Price Upon Extraordinary Common Stock Event  

    Upon the happening of an Extraordinary Common Stock Event (as defined below) after the issuance date of this Warrant, the Exercise Price shall, simultaneously
with the happening of such 

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Extraordinary Common Stock Event, be adjusted by multiplying the then effective Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Stock outstanding
immediately prior to such Extraordinary Common Stock Event and the denominator of which shall be the number of shares of Common Stock outstanding immediately after such Extraordinary Common Stock
Event, and the product so obtained shall thereafter be the Exercise Price. The Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive Extraordinary
Common Stock Event or Events. 

    "Extraordinary
Common Stock Event" shall mean (x) the issuance of additional shares of Common Stock (or other securities or rights convertible into or entitling the holder
thereof to receive additional shares of Common Stock) as a dividend or other distribution on outstanding Common Stock of the Company, (y) a split or subdivision of outstanding shares of Common
Stock into a greater number of shares of Common Stock, or (z) a combination of outstanding shares of Common Stock into a smaller number of shares of Common Stock. 

 4.3  Capital Reorganization or Reclassification  

    If the Common Stock issuable upon the exercise of this Warrant shall be changed into the same or a different number of shares of any class or classes of stock
of the Company, whether by capital reorganization, reclassification or otherwise (other than an Extraordinary Common Stock Event), then and in each such event the Holder shall have the right
thereafter to exercise this Warrant for the kind and amount of shares of stock and other securities and property receivable upon such reorganization, reclassification or other change by holders of the
number of shares of Common Stock into which this Warrant might have been converted immediately prior to such reorganization, reclassification or change, all subject to adjustment as provided herein.
In any such case, appropriate adjustment shall be made in the application of the provisions of this Section 4 with respect to the rights of the Holder after the reorganization, recapitalization
or change to the end that the provisions of this Section 4 (including adjustment of the Exercise Price then in effect and the number of shares issuable upon exercise of this Warrant) shall be
applicable after that event as nearly equivalent as may be practicable. 

 4.4  Notice of Adjustment  

    Whenever the number of shares of Common Stock or other stock or property issuable upon the exercise of this Warrant or the Exercise Price is adjusted, then and
in each such case the Company shall promptly deliver a notice to the Holder, which notice shall state the Exercise Price resulting from such adjustment and/or the increase or decrease, if any, in the
number of shares of Common Stock or other stock or property issuable upon the exercise of this Warrant, setting forth in reasonable detail the method of calculation and the facts upon which such
calculation is based. 

 4.5  Other Notices  

    In the event that the Company shall propose at any time: 

    (a) to
declare any dividend or distribution upon its Common Stock, whether in cash, property, stock or other securities, whether or not a regular cash dividend and
whether or not out of earnings or earned surplus; 

    (b) to
offer for subscription to the holders of its Common Stock any additional shares of stock of any class or series or other rights; 

    (c) to
effect any reclassification or recapitalization of the shares of its Common Stock outstanding involving a change in the Common Stock; or 

    (d) to
merge or consolidate with or into any other corporation, to sell, lease or convey all or substantially all of its property or business, or to liquidate, dissolve
or wind up; 

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then,
in connection with each such event, the Company shall send to the Holder: 

     (i) at
least 20 days' prior written notice of the date on which a record shall be taken for such dividend, distribution or subscription rights (and specifying
the date on which the holders of Common Stock shall be entitled thereto) or for determining rights to vote in respect of the matters referred to in (c) and (d) above; and 

    (ii) in
the case of the matters referred to in (c) and (d) above, at least 20 days' prior written notice of the date when the same shall take place
(and, if applicable, specifying the date on which the holders of the Common Stock shall be entitled to exchange their shares of Common Stock for securities or other property deliverable upon the
occurrence of such events). 

5.  Fractional Shares  

    No fractional shares shall be issued upon the exercise of this Warrant, and the number of shares of Common Stock to be issued shall be rounded to the nearest
whole share, determined on the basis of the total number of shares of Common Stock issuable upon such aggregate conversion. 

6.  Transfers  

 6.1  Restrictions on Transfer  

    No Warrant Shares or any interest therein may be transferred unless (a) such transfer is registered under the Securities Act of 1933, as amended (the
"Securities Act"), (b) the Company has received an opinion of legal counsel for the Holder reasonably satisfactory to the Company stating that the transfer is exempt from the registration
requirements of the Securities Act, or (c) the Company otherwise satisfies itself that such transfer is exempt from registration. 

 6.2  Transfers  

    The Company shall register on the books of the Company maintained at its principal office the permitted transfer of this Warrant upon surrender to the Company
of this Warrant, with the form of Assignment attached hereto as Annex B duly completed and executed by the Holder. Upon any such registration of transfer, a new Warrant, in substantially the form of
this Warrant, evidencing this Warrant so transferred shall be issued, at the Company's expense, to the transferee. 

7.  Legend  

    Legends setting forth or referring to the applicable restrictions set forth in Section 6.1 may be placed on this Warrant, any replacement hereof or any
certificate representing the Warrant Shares, and a stop transfer restriction or order shall be placed on the books of the Company and with any transfer agent until such securities may be sold or
otherwise transferred in accordance with Section 6.1. 

8.  Holder as Owner  

    The Company may deem and treat the holder of record of this Warrant as the absolute owner hereof for all purposes regardless of any notice to the contrary. 

9.  No Shareholder Rights  

    This Warrant shall not entitle the Holder to any voting rights or any other rights as a shareholder of the Company or to any other rights whatsoever except the
rights stated herein; and 

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no dividend or interest shall be payable or shall accrue in respect of this Warrant or the Warrant Shares, until and to the extent that this Warrant shall be exercised. 

10. Governing Law; Construction  

    The validity and interpretation of the terms and provisions of this Warrant shall be governed by the laws of the State of Oregon. The descriptive headings of
the several sections of this Warrant are inserted for convenience only and shall not control or affect the meaning or construction of any of the provisions thereof. 

11. Lost Warrant Certificate  

    Upon receipt by the Company of satisfactory evidence of the loss, theft, destruction or mutilation of this Warrant and either (in the case of loss, theft or
destruction) indemnification reasonably satisfactory to the Company or (in the case of mutilation) the surrender of this Warrant for cancellation, the Company will execute and deliver to the Holder,
without charge, a new Warrant of like denomination. 

12. Waivers and Amendments  

    This Warrant or any provision hereof may be amended or waived only by a statement in writing signed by the Company and the Holder. 

13. Notices  

    Any notice required by the provisions of this Warrant to be given to the Holder shall be deemed given two days after being deposited in the United States mail,
postage prepaid and addressed to such Holder's address appearing on the books of the Company. 

    Any
notice required by the provisions of this Warrant to be given to the Company shall be deemed given two days after being deposited in the United States mail, postage prepaid and
addressed to Corillian Corporation, 3855 SW 153rd Drive, Beaverton, OR 97006, Attention: Thomas Brooke, or at such other address as specified in a notice delivered to the Holder as set
forth above. 

14. Binding Effect  

    This Warrant shall be binding upon the Company and its successors and assigns, and shall inure to the benefit of and be enforceable by the Holder and its
successors and permitted assigns. 

15. Investment Intent, etc.  

    By accepting this Warrant, the Holder represents that (a) the Holder is acquiring this Warrant and the Warrant Shares issuable upon exercise hereof for
investment and not with a view to, or for sale in connection with, any distribution thereof; (b) the Holder can bear the economic risk of an investment in the Warrant Shares (including possible
complete loss of such investment) for an indefinite period of time and has such knowledge and experience in financial and business matters that the Holder is capable of evaluating the merits and risks
of an investment in the Warrant Shares; (c) the Holder understands that this Warrant and the Warrant Shares have not been registered under the Securities Act, or under the securities laws of
any jurisdiction, by reason of reliance upon certain exemptions, and that the reliance of the Company on such exemptions is predicated upon the accuracy of the Holder's representations in this
Section; (d) the Holder is familiar with Regulation D promulgated under the Securities Act and is an "accredited investor" as defined in Rule 501(a) of Regulation D; and
(e) the Holder is familiar with Rule 144 under the Securities Act, as currently in effect, and understands the resale limitations that are or would be imposed thereby and by the
Securities Act on this Warrant and the Warrant Shares to the extent such securities are 

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characterized as "restricted securities" under the United States federal securities laws inasmuch as they are acquired from the Company in a transaction not involving a public offering. 

    IN
WITNESS WHEREOF, the Company has executed this Warrant as of the date first written above. 

	 	 	CORILLIAN CORPORATION
	

 	
 	

By	
 	

 
	 	 	 	 	
 Name: Ted F. Spooner

Title: Chief Executive Officer

6

 
 
 

ANNEX A
  
    FORM OF ELECTION TO PURCHASE    
  

To
Corillian Corporation: 

    The
undersigned hereby elects to purchase             shares of Common Stock of Corillian Corporation issuable upon the exercise of the within Warrant, and requests that a
certificate for such shares shall be issued in the name of the undersigned holder and delivered to the address indicated below. 

    [Payment
enclosed in the amount of $             ] 

    [The
undersigned elects that the Warrant be exercised in accordance with Section 1.3.2 thereof.] 

    Dated:
                                     

	Name of holder of Warrant:	 	

	 	 	(please print)
	Address:	 	 
	 	 	

	 	 	

	 	 	

	Signature:	 	 
	 	 	

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ANNEX B
  
    FORM OF ASSIGNMENT    
  

    FOR
VALUE RECEIVED,             hereby sells, assigns and transfers to the assignee set forth below all of the rights of the undersigned in and to the number of Warrant Shares
(as defined in and evidenced by the foregoing Warrant) set opposite the name of such assignee below and in and to the foregoing Warrant with respect to said Warrant Shares: 

	Name of Assignee
	 	Address
	 	Number of Shares

    Dated:                                  
    

	Name of holder of Warrant:	 	 
	 	 	

	 	 	(please print)
	Address:	 	 
	 	 	

	 	 	

	 	 	

	Signature:	 	 
	 	 	

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ANNEX A FORM OF ELECTION TO PURCHASE

ANNEX B FORM OF ASSIGNMENT

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