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Exhibit 10.40    
    


OPTIUM CORPORATION  


Notice of Grant of Stock Option  


        David C. Renner (the
"Grantee") has been granted an option (the
"Option") to purchase certain shares of Optium Corporation (the
"Company") non-voting common stock (the
"Stock") pursuant to the Optium, Inc. Stock Incentive Plan (the
"Plan"), as follows: 



	

Grant Date:	
 	

April 14, 2006
	

Number of Option Shares:	
 	

1,100,000
	

Exercise Price (per share):	
 	

$0.77
	

Expiration Date:	
 	

April 13, 2016
	

Tax Status of Option:	
 	

Non-Qualified Option






 Vested Shares:    Except as provided in Stock Option Agreement, and provided that the Grantee's Service Relationship has not
terminated prior to any applicable date set forth below, the Shares will vest 25% on April 1, 2007 and 2.08% monthly thereafter with the final vesting occurring on April 1, 2010.
Fractional shares are not exercisable until fractional shares equal a whole share. 


        Vesting
Acceleration of 25% of original grant (or 100% of remaining unvested portion if less) if either the following occur (i) termination of the Grantee by the Company (or its
successor) without Cause (as defined in the Plan or any superceding employment agreement) or (ii) Constructive Termination (as defined in the Plan or any superceding employment agreement) with
one year of a Change in Control (as defined in the Plan or any superceding employment agreement) 


        This
option shall be a reverse vesting option (i.e., the Grantee may exercise the entire grant at anytime and the exercise of the unvested portion shall result in the issuance of
unvested restricted stock subject to vesting and repurchase by the Company, pursuant to an agreement with terms determined by the Company in its sole discretion to reflect the vesting provisions of
this Option. 


        By
their signatures below, the Company and the Grantee agree that the Option is governed by this Notice and by the provisions of the Plan and the Option Agreement, both of which are
attached to and made a part of this document. The Grantee acknowledges receipt of a copy of the Plan and the Option Agreement, represents that the Grantee has read and is familiar with their
provisions, and hereby accepts the Option subject to all of their terms and conditions. This Notice may be executed in two or more counterparts, each of which shall be deemed an original, but all of
which shall constitute one and the same document. 


OPTIUM, INC.



	By:	/s/  EITAN GERTEL      
	 	By:	/s/  DAVID C. RENNER      

	 	Name:	 	Eitan Gertel	 	 	David C. Renner
	 	Title:	 	President & CEO	 	 	 	 
	

 	

Address:	
 	

500 Horizon Drive

Suite #505

Chalfont, PA 18914	
 	

 	

Address:	

 






ATTACHMENTS:    Optium
Corporation Stock Incentive Plan, as amended through the Grant Date, and the Option Agreement. 







OPTIUM CORPORATION  


Notice of Grant of Stock Option  


        David C. Renner (the
"Grantee") has been granted an option (the
"Option") to purchase certain shares of Optium Corporation (the
"Company") non-voting common stock (the
"Stock") pursuant to the Optium, Inc. Stock Incentive Plan (the
"Plan"), as follows: 



	

Grant Date:	
 	

4/5/2005
	

Number of Option Shares:	
 	

300,000
	

Exercise Price (per share):	
 	

$0.08
	

Expiration Date:	
 	

4/5/2015
	

Tax Status of Option:	
 	

Incentive Stock Option






 Vested Shares:    Except as provided in Stock Option Agreement, and provided that the Grantee's Service Relationship has not
terminated prior to any applicable date set forth below, the Shares will vest 25% on 4/1/2006 and 2.08% monthly thereafter with the final vesting occurring on 4/1/2009. Fractional shares are not
exercisable until fractional shares equal a whole share. 


        By
their signatures below, the Company and the Grantee agree that the Option is governed by this Notice and by the provisions of the Plan and the Option Agreement, both of which are
attached to and made a part of this document. The Grantee acknowledges receipt of a copy of the Plan and the Option Agreement, represents that the Grantee has read and is familiar with their
provisions, and hereby accepts the Option subject to all of their terms and conditions. This Notice may be executed in two or more counterparts, each of which shall be deemed an original, but all of
which shall constitute one and the same document. 


OPTIUM, INC.



	By:	/s/  EITAN GERTEL      
	 	By:	/s/  DAVID C. RENNER      

	 	Name:	 	Eitan Gertel	 	 	David C. Renner
	 	Title:	 	President & CEO	 	 	 	 
	

 	

Address:	
 	

500 Horizon Drive

Suite #505

Chalfont, PA 18914	
 	

 	

Address:	

 






ATTACHMENTS:
Optium Corporation Stock Incentive Plan, as amended through the Grant Date, and the Option Agreement. 







OPTIUM CORPORATION  


Notice of Grant of Stock Option  


        David Renner (the
"Grantee") has been granted an option (the
"Option") to purchase certain shares of Optium Corporation (the
"Company") non-voting common stock (the
"Stock") pursuant to the Optium, Inc. Stock Incentive Plan (the
"Plan"), as follows: 



	

Grant Date:	
 	

March 1, 2004
	

Number of Option Shares:	
 	

200,000
	

Exercise Price (per share):	
 	

$0.07
	

Expiration Date:	
 	

February 28, 2014
	

Tax Status of Option:	
 	

Incentive Stock Option






 Vested Shares:    Except as provided in Stock Option Agreement, and provided that the Grantee's Service Relationship has not
terminated prior to any applicable date set forth below, the Shares will vest 25%
on March 1, 2005 and 2.08% monthly thereafter with the final vesting occurring on February 1, 2008. Fractional shares are not exercisable
until fractional shares equal a whole share. 


        By
their signatures below, the Company and the Grantee agree that the Option is governed by this Notice and by the provisions of the Plan and the Option Agreement, both of which are
attached to and made a part of this document. The Grantee acknowledges receipt of a copy of the Plan and the Option Agreement, represents that the Grantee has read and is familiar with their
provisions, and hereby accepts the Option subject to all of their terms and conditions. This Notice may be executed in two or more counterparts, each of which shall be deemed an original, but all of
which shall constitute one and the same document. 


OPTIUM, INC.



	By:	/s/  EITAN GERTEL      
	 	By:	/s/  DAVID RENNER      

	 	Name:	 	Eitan Gertel	 	 	David Renner
	 	Title:	 	President	 	 	 	 
	

 	

Address:	
 	

500 Horizon Drive	
 	

 	

Address:	

 
	 	 	 	Suite #505

Chalfont, PA 18914	 	 	 	 






ATTACHMENTS:
Optium Corporation Stock Incentive Plan, as amended through the Grant Date, and the Option Agreement. 







OPTIUM CORPORATION  


Notice of Grant of Stock Option  


        Dave Renner (the
"Grantee") has been granted an option (the
"Option") to purchase certain shares of Optium Corporation (the
"Company") non-voting common stock (the
"Stock") pursuant to the Optium, Inc. Stock Incentive Plan (the
"Plan"), as follows: 



	

Grant Date:	
 	

May 1, 2003
	

Number of Option Shares:	
 	

275,000 shares of Stock
	

Exercise Price (per share):	
 	

$0.04
	

Expiration Date:	
 	

May 1, 2013
	

Tax Status of Option:	
 	

Incentive Stock Option






 Vested Shares:    Except as provided in Stock Option Agreement, and provided that the Grantee's Service Relationship has not
terminated prior to any applicable date set forth below, the number of Vested Shares as of each date set forth below shall be: 



	Vesting Date
 
	 	Vested Shares

	February 1, 2004	 	68,750
	
Plus:	
 	

 
	

March 1, 2004 and each full month

thereafter until January 1, 2007	
 	

5,729
	

February 1, 2007	
 	

5,735






        By
their signatures below, the Company and the Grantee agree that the Option is governed by this Notice and by the provisions of the Plan and the Option Agreement, both of which are
attached to and made a part of this document. The Grantee acknowledges receipt of a copy of the Plan and the Option Agreement, represents that the Grantee has read and is familiar with their
provisions, and hereby accepts the Option subject to all of their terms and conditions. This Notice may be executed in two or more counterparts, each of which shall be deemed an original, but all of
which shall constitute one and the same document. 


OPTIUM, INC.



	By:	/s/  PAUL SUCHOSKI      
	 	By:	/s/  DAVE RENNER      

	 	Name:	 	Paul Suchoski	 	 	Dave Renner
	 	Title:	 	CEO	 	 	 	 
	

 	

Address:	
 	

2721 Discovery Drive

Suite #500

Orlando, FL 32826	
 	

 	

Address:	

 






        ATTACHMENTS:
Optium Corporation Stock Incentive Plan, as amended through the Grant Date, and the Option Agreement. 







OPTIUM CORPORATION  


Notice of Grant of Stock Option  


        Dave Renner (the
"Grantee") has been granted an option (the
"Option") to purchase certain shares of Optium Corporation (the
"Company") non-voting common stock (the
"Stock") pursuant to the Optium Corporation Stock Incentive Plan (the
"Plan"), as follows: 



	

Grant Date:	
 	

May 1, 2003
	

Number of Option Shares:	
 	

150,000 shares of Stock
	

Exercise Price (per share):	
 	

$0.04
	

Expiration Date:	
 	

May 1, 2013
	

Tax Status of Option:	
 	

Incentive Stock Option






 Vested Shares:    Except as provided in Stock Option Agreement, and provided that the Grantee's Service Relationship has not
terminated prior to any applicable date set forth below, the number of Vested Shares as of each date set forth below shall be: 



	Vesting Date
 
	 	Vested Shares

	May 1, 2003	 	50,000
	
Plus:	
 	

 
	

June 1, 2003 and each full month thereafter until December 1, 2005	
 	

3,125
	

January 1, 2006	
 	

3,125






 Additional Vesting Provisions:  


This
Option shall be a reverse vesting option (i.e., the Grantee may exercise the entire grant at anytime and the exercise of any unvested portion shall result in the issuance of unvested restricted
stock subject to vesting and repurchase by the Company, pursuant to an agreement with terms determined by the Company in its sole discretion, to reflect the vesting provisions of this Option). 




        By
their signatures below, the Company and the Grantee agree that the Option is governed by this Notice and by the provisions of the Plan and the Option Agreement, both of which are
attached to and made a part of this document. The Grantee acknowledges receipt of a copy of the Plan and the Option Agreement, represents that the Grantee has read and is familiar with their
provisions, and hereby accepts the Option subject to all of their terms and conditions. This Notice may be executed in two or more counterparts, each of which shall be deemed an original, but all of
which shall constitute one and the same document. 


OPTIUM CORPORATION



	By:	/s/  PAUL SUCHOSKI      
	 	By:	/s/  DAVE RENNER      

	 	Name:	 	Paul Suchoski	 	 	Dave Renner
	 	Title:	 	CEO	 	 	 	 
	

 	

Address:	
 	

2721 Discovery Drive

Suite #500

Orlando, FL 32826	
 	

 	

Address:	

 






ATTACHMENTS:    Optium
Corporation Stock Incentive Plan, as amended through the Grant Date, and the Option Agreement. 







Optium Corporation  


Notice of Grant of Stock Option  


        Dave Renner (the
"Grantee") has been granted an option (the
"Option") to purchase certain shares of Optium Corporation (the
"Company") non-voting common stock (the
"Stock") pursuant to the Optium, Inc. Stock Incentive Plan (the
"Plan"), as follows: 



	

Grant Date:	
 	

July 18, 2002
	

Number of Option Shares:	
 	

75,000 shares of Stock
	

Exercise Price (per share):	
 	

$0.22
	

Expiration Date:	
 	

July 18, 2012
	

Tax Status of Option:	
 	

Incentive Stock Option






 Vested Shares:    Except as provided in Stock Option Agreement, and provided that the Grantee's Service Relationship has not
terminated prior to any applicable date set forth below, the number of Vested Shares as of each date set forth below shall be: 



	Vesting Date
 
	 	Vested Shares

	May 23, 2003	 	18,750
	
Plus:	
 	

 
	

June 23, 2003 and each full month thereafter until April 23, 2006	
 	

1,562
	

May 23, 2006	
 	

1,580






        By their signatures below, the Company and the Grantee agree that the Option is governed by this Notice and by the provisions of the Plan and the Option
Agreement, both of which are attached to and made a part of this document. The Grantee acknowleges receipt of a copy of the Plan and the Option Agreement, represents that the Grantee has read and is
familiar with their provisions, and hereby accepts the Option subject to all of their terms and conditions. This Notice may be executed in two or more counterparts, each of which shall be deemed an
original, but all of which shall constitute one and the same document. 


OPTIUM CORPORATION



	By:	/s/  PAUL SUCHOSKI      
	 	By:	/s/  DAVE RENNER      

	 	Name:	 	Paul Suchoski	 	 	Dave Renner
	 	Title:	 	CEO	 	 	 	 
	

 	

Address:	
 	

2721 Discovery Drive

Suite #500

Orlando, FL 32826	
 	

 	

Address:	

 






ATTACHMENTS:    Optium
Corporation Stock Incentive Plan, as amended through the Grant Date, and the Option Agreement. 







Additional Agreement  


        All Option grants dated on or prior to April 14, 2006 held by Grantee are subject to reverse vesting (i.e., the Grantee may exercise the entire grant at
any time and the exercise of the unvested portion shall result in the issuance of unvested restricted stock subject to vesting and repurchase by the Company pursuant to an agreement with terms
determined by the Company in its sole discretion to reflect the vesting provisions of the applicable Option). 











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Exhibit 10.40