GRANTEE SHALL HAVE OTHERWISE
NOTIFIED THE COMPANY IN WRITING TO IT CHIEF FINANCIAL OFFICER AT LEAST 30 DAYS
PRIOR TO A TAXATION DATE, THE GRANTEE SHALL BE DEEMED TO HAVE ELECTED TO SATISFY
SUCH OBLIGATION IN THE MANNER SET FORTH IN CLAUSE (I) OF THE PRIOR SENTENCE.
NOTWITHSTANDING THE FOREGOING, THE COMPANY MAY REQUIRE THAT SUCH OBLIGATION BE
SATISFIED IN CASH BY THE GRANTEE UPON NOTICE TO GRANTEE AT LEAST 30 DAYS PRIOR
TO THE TAXATION DATE.
8.
NO OBLIGATION TO CONTINUE SERVICE RELATIONSHIP.
NEITHER THE
COMPANY NOR ANY SUBSIDIARY IS OBLIGATED BY OR AS A RESULT OF THE PLAN OR THIS
AWARD AGREEMENT TO CONTINUE THE GRANTEE IN EMPLOYMENT OR OTHER SERVICE
RELATIONSHIP AND NEITHER THE PLAN NOR THIS AWARD AGREEMENT SHALL INTERFERE IN
ANY WAY WITH THE RIGHT OF THE COMPANY OR ANY SUBSIDIARY TO TERMINATE THE
EMPLOYMENT OR OTHER SERVICE RELATIONSHIP OF THE GRANTEE AT ANY TIME.
9.
NOTICES.
NOTICES HEREUNDER SHALL BE MAILED OR DELIVERED TO THE
COMPANY AT ITS PRINCIPAL PLACE OF BUSINESS AND SHALL BE MAILED OR DELIVERED TO
THE GRANTEE AT THE ADDRESS ON FILE WITH THE COMPANY OR, IN EITHER CASE, AT SUCH
OTHER ADDRESS AS ONE PARTY MAY SUBSEQUENTLY FURNISH TO THE OTHER PARTY IN
WRITING.
OPTIUM CORPORATION
By:
/s/ Eitan Gertel
Title: CEO
The foregoing Award Agreement is hereby accepted and the terms and conditions
thereof hereby agreed to by the undersigned.
Dated:
September 25, 2007
/s/ Mark Colyar
Grantee's Signature
Grantee's name and address:
3