AUTHENTIDATE HOLDING CORP
FORM OF STOCK OPTION AWARD
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<TYPE>EX-10.30.1
<SEQUENCE>4
<FILENAME>b400831ex10_30-1.htm
<DESCRIPTION>FORM OF STOCK OPTION AWARD
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   <title>Prepared and filed by St Ives Burrups</title>

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<P align="right"><font size="2" face="Times New Roman,Times,serif"><B>Exhibit 10.30.1</B></font></P>
<p><P align="center"><font size="2" face="Times New Roman,Times,serif"><B>AUTHENTIDATE HOLDING CORP.</B><br>
</font><font size="2" face="Times New Roman,Times,serif">Stock
Option Certificate<br>
And Agreement </font></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR>
   <TD width="15%"><FONT size="2" face="Times New Roman,Times,serif">Date of Grant:</FONT></TD>
   <TD width="1%">&nbsp;</TD>
   <TD><font size="2">____________</font></TD>
   <TD width=20% align="right"><font size="2" face="Times New Roman,Times,serif"> Option
    No. AHC-__ </font></TD>
</TR>
<TR>
   <TD><FONT size="2" face="Times New Roman,Times,serif">Name of Optionee:</FONT></TD>
   <TD>&nbsp;</TD>
   <TD colspan="2"><font size="2">____________</font></TD>
</TR>
<TR>
   <TD><FONT size="2" face="Times New Roman,Times,serif">Number of Shares:</FONT></TD>
   <TD>&nbsp;</TD>
   <TD colspan="2"><font size="2">____________</font></TD>
</TR>
<TR>
   <TD><FONT size="2" face="Times New Roman,Times,serif">Price Per Share:</FONT></TD>
   <TD align="right"><font size="2" face="Times New Roman,Times,serif">$</font></TD>
   <TD colspan="2"><font size="2" face="Times New Roman,Times,serif">____________</font></TD>
</TR>
<TR>
   <TD><FONT size="2" face="Times New Roman,Times,serif">Expiration Date:</FONT></TD>
   <TD>&nbsp;</TD>
   <TD colspan="2"><font size="2">____________</font></TD>
</TR>
</TABLE>
<div style="text-indent:3%">
<P><font size="2" face="Times New Roman,Times,serif">Effective on the date of grant specified above (the &#147;Date of Grant&#148;), the Board of Directors (&#147;Board&#148;), or the Stock Option Committee (&#147;Committee&#148;) designated by the Board, of Authentidate Holding Corp. (the &#147;Company&#148;) has granted to the above-named optionee (the &#147;Optionee&#148;) an option (the &#147;Option&#148;) to purchase from the Company, for the price per share set forth above, the number of shares (the &#147;Shares&#148;) of Common Stock, $.001 par value per share (the &#147;Stock&#148;) of the Company set forth above pursuant to the terms and conditions of the 2000 Employee Stock Option Plan (&#147;Plan&#148;) which is incorporated in this Option as though set forth in full. This Option is intended to be treated as an &#147;incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the &#147;Code&#148;). </font></P>
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<P><font size="2" face="Times New Roman,Times,serif">
The terms and conditions of the Option granted hereby, are as follows: </font></P>
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<P><font size="2" face="Times New Roman,Times,serif">1.&nbsp;&nbsp;&nbsp;The number
    and price of the Shares subject to this Option shall be the number and price
    set forth above, subject to any adjustments which may be made pursuant
to Section 9 below. </font></P>
</div>
<div style="text-indent:3%">
<P><font size="2" face="Times New Roman,Times,serif">2.&nbsp;&nbsp;&nbsp;Subject
    to the terms and conditions set forth in this Option, this Option may be
    exercised to purchase the Shares covered by this Option as follows: commencing
    on the first anniversary of the Date of Grant (the &#147;Anniversary&#148;),
but prior to the second Anniversary, up to an aggregate of
_____
of the aggregate number of Shares covered by this Option; after the second Anniversary
    but prior to the third Anniversary, up to an aggregate of
______
of the aggregate number of Shares covered by this Option; after the third Anniversary
but prior to ___ (the &#147;Expiration Date&#148;), all of the Shares covered by this Option.
This Option shall terminate and no Shares may be purchased after the Expiration
Date. </font></P>
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1 </font></P>

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<P><font size="2" face="Times New Roman,Times,serif">3.&nbsp;&nbsp;&nbsp;Except as provided in Section 7 of this Option, this Option may not be exercised
    unless the Optionee is in the employ of the Company or one of its parent
    or subsidiary corporations (as within the meaning of Section 425(e) and (f)
    of the Code respectively) on the date of such exercise and shall have been
    such employee continuously since the Date of Grant of this Option. </font></P>
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<P><font size="2" face="Times New Roman,Times,serif">4.&nbsp;&nbsp;&nbsp;Subject
    to the terms and conditions set forth in this Option, this Option is exercisable
    by a written notice signed by you and delivered to the Company
    at its executive offices, signifying your election to exercise this Option.
    The notice must state the number of Shares as to which your Option is being
    exercised, must contain a statement by you (in a form acceptable to the Company)
    that such Shares are being acquired by you for investment and not with a
    view to their distribution or resale (unless a Registration Statement covering
    the Shares has been declared effective by the Securities and Exchange Commission)
    and must be accompanied by the full purchase price of the Shares being purchased.
    Payment shall be in cash, or by certified or bank cashier's check payable
    to the order of the Company, free from all collection charges, provided,
    however, that payment may be made in shares of Mature Stock owned by the
    Optionee having a market value on the date of exercise equal to the aggregate
    purchase price, or in a combination of cash and Mature Stock. For the purposes
    of this provision, Mature Stock shall mean shares of the Company's Common
    Stock that are owned by the Optionee for a minimum of six months prior to
the date the Optionee exercises this Option.
    For these purposes, the market value per share of Mature Stock shall be:
    (i) if the
    Stock is traded on a national securities exchange or on the
    Nasdaq National Market System (&#147;NMS&#148;), the per share closing price
    of the Stock on the principal securities exchange on which they are listed
    or on NMS, as the case may be, on the date of exercise (or if there is no
    closing price for such date of exercise, then the last preceding business
    day on which there was a closing price); or (ii) if the Stock is traded in
    the over-the-counter market and quotations are published on the Nasdaq quotation
    system (but not on NMS), the closing bid price of the Stock on the date of
    exercise as reported by Nasdaq (or if there is no closing bid prices for
    such date of exercise, then the last preceding business day on which there
    was a closing bid price); or (iii) if the Stock is traded in the over-the-counter
    market but bid quotations are not published on Nasdaq, the closing bid price
    per share for the Stock as furnished by a broker-dealer which regularly furnishes
  price quotations for the Stock.  </font></P>
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2 </font></P>

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<P><font size="2" face="Times New Roman,Times,serif">If
    notice of the exercise of this Option is given by the person or persons other
    than you, the Company may require, as a condition to the exercise of this
    Option, the submission to the Company of appropriate proof of the right of
    such person or person to exercise this Option. </font></P>
</div>
<div style="text-indent:3%">
<P><font size="2" face="Times New Roman,Times,serif">Certificate
    for Shares so purchased will be issued as soon as practicable. The Company,
    however, shall not be required to issue or deliver a certificate for any
    Shares until it has complied with all requirements of the Securities Act
    of 1933, as amended, the Securities Exchange Act of 1934, as amended, any
    stock exchange on which the Company's Stock may then be listed and all applicable
    state laws in connection with the issuance or sale of such Shares or the
    listing of such Shares on such exchange. Until the issuance of the certificate
    for such Shares, you or such other person as may be entitled to exercise
    this Option, shall have none of the rights of a stockholder with respect
    to Shares subject to this Option. </font></P>
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3 </font></P>

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<P><font size="2" face="Times New Roman,Times,serif">5.&nbsp;&nbsp;&nbsp;As soon
    as practicable after the Company receives payment for the Shares, it shall
    deliver a certificate or certificates representing the Shares so
    purchased to the Optionee. </font></P>
</div>
<div style="text-indent:3%">
<P><font size="2" face="Times New Roman,Times,serif">6.&nbsp;&nbsp;&nbsp;This Option
    is personal to the Optionee and during the Optionee's lifetime may be exercised
    only by the Optionee. This Option shall not be transferable
    other than by will or the laws of descent and distribution. </font></P>
</div>
<div style="text-indent:3%">
<P><font size="2" face="Times New Roman,Times,serif">7.&nbsp;&nbsp;&nbsp;In the event
    that an option holder ceases to be an employee of the Company or of any subsidiary
    for any reason other than permanent disability (as determined
    by the Board of Directors) or death, this Option, including any unexercised
    portion thereof, which was otherwise exercisable on the date of termination,
    shall expire unless exercised within a period of three months from the date
    on which the Optionee ceased to be so employed, but in no event after the
    Expiration Date. In the event of the death of Optionee during this three
    month period, this Option shall be exercisable by his or her personal representatives,
    heirs or legatees to the same extent that the Optionee could have exercised
    this Option if he or she had not died, for the three months from the date
    of death, but in no event after the Expiration Date. In the event of the
    permanent disability of Optionee while an employee of the Company or of any
    subsidiary, this Option shall be exercisable for twelve (12) months after
    the date of permanent disability, but in no event after the Expiration Date.
    In the event of the death of the Optionee while an employee of the Company
    or any Subsidiary, or during the twelve (12) month period after the date
    of permanent disability of the Optionee, that portion of the Option which
    had become exercisable on the date of death shall be exercisable by his or
    her personal representatives, heir or legatees at any time prior to the expiration
    of twelve (12) months from the date of the death of Optionee, but in no event
    after the Expiration Date. </font></P>
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4 </font></P>

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<P><font size="2" face="Times New Roman,Times,serif">8.&nbsp;&nbsp;&nbsp;This Option
    does not confer on the Optionee any right to continue in the employ of the
    Company or interfere in any way with the right of the Company
    to determine the terms of the Optionee's employment. </font></P>
</div>
<div style="text-indent:3%">
<P><font size="2" face="Times New Roman,Times,serif">9.&nbsp;&nbsp;&nbsp;In the event
    of a reorganization, recapitalization, stock split, stock dividend, combination
    of shares, merger, consolidation, rights offering, or any other
    change in the corporate structure or Stock of the Company, the Board shall
    make such adjustments, if any, as it deems appropriate in the number and
    kind of shares covered by this Option, or in the Option price, or both. Notwithstanding
    any provision to the contrary, the Committee or the Board may cancel, amend,
    alter or supplement any term or provision of this Option to avoid the penalty
    provisions of Section 4999 of the Code. </font></P>
</div>
<div style="text-indent:3%">
<P><font size="2" face="Times New Roman,Times,serif">10.&nbsp;&nbsp;&nbsp;This Option
    shall be subject to the requirement that if at any time the Board shall determine
    that the registration, listing or qualification of the Shares
    covered hereby upon any securities exchange or under any federal or state
    law, or the consent or approval of any governmental regulatory body is necessary
    or desirable as a condition of, or in connection with, the granting of this
    Option or the purchase of the Shares, this Option may not be exercised unless
    and until such registration, listing, qualification, consent or approval
    shall have been effected or obtained free of any conditions not acceptable
    to the Board. The Board may require that the person exercising this Option
    shall make such representations and agreements and furnish such information
    as it deems appropriate to assure compliance with the foregoing or any other
    applicable legal requirements. </font></P>
</div>
<div style="text-indent:3%">
<P><font size="2" face="Times New Roman,Times,serif">11.&nbsp;&nbsp;&nbsp;This
    Option is intended to qualify for &#147;incentive stock option&#148; treatment
    under the provisions of Section 422 of the Internal Revenue Code of 1986,
    as amended. <B>However, you are urged to consult with your individual tax
    advisor prior to exercising this Option since the</B>
</font><font face="Times New Roman,Times,serif"><font size="2"><b>exercise
of this Option may result in adverse tax consequences including the payment of </b></font><font size="2" face="Times New Roman,Times,serif"><b>additional
federal and/or state income taxes.</b> </font> </font></P>
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5 </font></P>

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<P><font size="2" face="Times New Roman,Times,serif">
12.&nbsp;&nbsp;&nbsp;All notices hereunder to the Company shall be delivered or mailed to
    the following address: </font></P>
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<div style="margin-left: 6%">
<P><font size="2" face="Times New Roman,Times,serif">
Authentidate Holding Corp.<br>
2165 Technology Drive<br>
Schenectady, NY 12308<br>
<br>
Attention:&nbsp;&nbsp;&nbsp;President </font> </P>
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<div style="text-indent:3%">
<P><font size="2" face="Times New Roman,Times,serif">Such
    address for the service of notices may be changed at any time provided notice
    of such change is furnished in advance to the Optionee. </font></P>
</div>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
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    <td><font size="2">&nbsp;</font></td>
    <td width="30%"><font size="2" face="Times New Roman,Times,serif"> AUTHENTIDATE
    HOLDING CORP. </font> </td>
  </tr>
  <tr>
    <td><font size="2"> &nbsp;</font></td>
    <td><font size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td align="right"><font size="2" face="Times New Roman,Times,serif">By:</font></td>
    <td><font size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font size="2">&nbsp;</font></td>
    <td><hr size="1" noshade></td>
  </tr>
  <tr>
    <td><font size="2">&nbsp;</font></td>
    <td align="center"><font size="2" face="Times New Roman,Times,serif">President </font> </td>
  </tr>
  <tr>
    <td><font size="2">&nbsp;</font></td>
    <td align="center"><font size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman,Times,serif">Chief
    Financial Officer: </font></td>
    <td align="center"><font size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font size="2">&nbsp;</font></td>
    <td align="center"><font size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td><hr align="left" width="200" size="1" noshade></td>
    <td align="center"><font size="2">&nbsp;</font></td>
  </tr>
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6 </font></P>

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<P align="center"><font size="2" face="Times New Roman,Times,serif">
  OPTION EXERCISE FORM</font></P>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr valign="top">
    <td width="5%"><font size="2" face="Times New Roman,Times,serif">TO:</font></td>
    <td><font size="2" face="Times New Roman,Times,serif"> Authentidate
    Holding Corp.<br>
    2165 Technology Drive<br>
    Schenectady, NY 12308 </font> </td>
  </tr>
</table>
<div style="text-indent:3%">
<P><font size="2" face="Times New Roman,Times,serif">The
    undersigned holder hereby irrevocably elects to exercise the right to purchase
  _________
  shares of Common Stock covered by this Option Agreement according to the conditions
    hereof and herewith makes full payment of the Exercise Price of such shares. </font></P>
</div>
<div style="text-indent:3%">
<P><font size="2" face="Times New Roman,Times,serif">
Kindly deliver to the undersigned a certificate representing the Shares.
</font></P>
</div>
<P align="center"><font size="2" face="Times New Roman,Times,serif">
  INSTRUCTIONS FOR DELIVERY</font></P>
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  <tr>
    <td width="30%"><font size="2" face="Times New Roman,Times,serif">Name: </font></td>
    <td><font size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td colspan="2" align="center"><font size="2" face="Times New Roman,Times,serif">(please
    typewrite or print in block letters)</font></td>
  </tr>
  <tr>
    <td><font size="2"> &nbsp;</font></td>
    <td><font size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman,Times,serif">Address:</font></td>
    <td><font size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font size="2">&nbsp;</font></td>
    <td><font size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman,Times,serif">Dated:</font></td>
    <td><font size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font size="2">&nbsp;</font></td>
    <td><font size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman,Times,serif">Social
    Security/Tax ID No. </font></td>
    <td><font size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font size="2">&nbsp;</font></td>
    <td><font size="2" face="Times New Roman,Times,serif">Signature
    ________________________________</font></td>
  </tr>
  <tr>
    <td><font size="2">&nbsp;</font></td>
    <td><font size="2">&nbsp;</font></td>
  </tr>
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    <td><font size="2" face="Times New Roman,Times,serif">STATE
    OF NEW YORK</font></td>
    <td><font size="2" face="Times New Roman,Times,serif">)</font></td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman,Times,serif">COUNTY
    OF</font></td>
    <td><font size="2" face="Times New Roman,Times,serif">) SS.:</font></td>
  </tr>
</table>
<div style="text-indent:3%">
<P><font size="2" face="Times New Roman,Times,serif">On
    this&nbsp;&nbsp;&nbsp;day of&nbsp;&nbsp;&nbsp; ,&nbsp;&nbsp;&nbsp;&nbsp;before me personally came
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; to me known and known to me to be the individual described in and who executed
    the foregoing instrument and
    (s)he acknowledged to me that (s)he executed the same. </font></P>
</div>
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  <tr>
    <td><font size="2">&nbsp;</font></td>
    <td width="20%"><hr size="1" noshade></td>
  </tr>
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    <td><font size="2"> &nbsp;</font></td>
    <td><font size="2" face="Times New Roman,Times,serif">Notary
    Public</font></td>
  </tr>
</table>
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7 </font></P>

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