Director of Business Development Employment Letter ( Viewcast )

September 20, 1994





Neal Page



RE: Offer of Employment



Dear Neal,



On behalf of Multimedia Access Corporation, (MMAC), and its new division, Osprey Systems (Osprey), I am pleased to extend to you an offer of employment with Osprey as Director of Business Development. The details of the offer are as follows:



1. Your start date will be October 3, 1994 or earlier is possible.



2. Your base salary will be $7,500.00 per month, payable bi-monthly on or about the 15th and 30th of each month. You will be eligible for performance bonuses for meeting goals and objectives.



3. MMAC will recommend to its Board of Directors that you will be granted an initial option pursuant to the Company's 1994 Stock Option Plan to purchase 50,000 shares of MMAC Common Stock at fair market value per share as determined on the date of the grant by the Board of Directors. These options will vest such that no option for the first six months of employment, 6/60th of the options will vest at six months, and you will vest at 1/60th per month thereafter. Assuming you remain employed with the Company, the options will be fully vested 5 years after commencement of employment.



4. MMAC will recommend to its Board of Directors that you be granted an additional option pursuant ...