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EXHIBIT 10.6

                                     WARRANT

THIS WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE HEREOF HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR
ANY STATE SECURITIES OR BLUE SKY LAWS AND MAY NOT BE OFFERED, SOLD, TRANSFERRED,
HYPOTHECATED OR OTHERWISE ASSIGNED EXCEPT (1) PURSUANT TO A REGISTRATION
STATEMENT WITH RESPECT TO SUCH SECURITIES WHICH IS EFFECTIVE UNDER THE ACT OR
(2) PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION UNDER THE ACT RELATING
TO THE DISPOSITION OF SECURITIES AND (3) IN ACCORDANCE WITH APPLICABLE STATE
SECURITIES AND BLUE SKY LAWS.

              Warrant To Purchase 2,617,188 Shares of Common Stock

                              IELEMENT CORPORATION

                       Date of Issuance: December 30, 2006

No. Vista 1

     THIS CERTIFIES that, for value received, Vista Capital, S.A., an entity
duly formed and organized under the laws of Switzerland, or its assigns (in
either case, the "Holder") is entitled to purchase, subject to the provisions of
this Warrant, from IElement Corporation, a Nevada corporation (the "Company"),
at the price per share set forth in Section 9 hereof, that number of shares of
the Company's common stock (the "Common Stock") set forth in Section 8 hereof.
This Warrant is referred to herein as the "Warrant" and the shares of Common
Stock issuable pursuant to the terms hereof are sometimes referred to herein as
"Warrant Shares."

     1. HOLDER EXERCISE OF WARRANT. This Warrant shall be exercisable in whole
or in part at any time prior to the Expiration Date. To exercise this Warrant in
whole, the Holder shall deliver to the Company at its principal office, (a) a
written notice, in substantially the form of the exercise notice attached hereto
as EXHIBIT A (the "Exercise Notice"), of the Holder's election to exercise this
Warrant, which notice shall specify the number of shares of Common Stock to be
purchased, (b) a check (or wire transfer of funds) in the amount of the
aggregate exercise price for the Warrant Shares being purchased, and (c) this
Warrant. The Company shall as promptly as practicable, and in any event within
twenty (20) days after delivery to the Company of (i) the Exercise Notice, (ii)
the check (or wire transfer of funds) mentioned above, and (iii) this Warrant,
execute and deliver or cause to be executed and delivered, in accordance with
such notice, a certificate or certificates representing the aggregate number of

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shares of Common Stock specified in such notice, provided this Warrant has
vested on or prior to the date such notice is delivered. Each certificate
representing Warrant Shares shall bear the legend or legends required by
applicable securities laws as well as such other legend(s) the Company requires
to be included on certificates for its Common Stock. The Company shall pay all
expenses and other charges payable in connection with the preparation, issuance
and delivery of such stock certificates except that, in case such stock
certificates shall be registered in a name or names other than the name of the
Holder, funds sufficient to pay all stock transfer taxes that are payable upon
the issuance of such stock certificate or certificates shall be paid by the
Holder at the time of delivering the Exercise Notice. All shares of Common Stock
issued upon the exercise of this Warrant shall be validly issued, fully paid,
and nonassessable.

     The Warrant shall expire on DECEMBER 31, 2007 (the "Expiration Date"). The
Investor may exercise the warrant at any time prior to the Expiration Date. The
Company has no restriction on the sale or transfer of the Warrant or Warrant
Shares; however, the Investor is required to comply with all state and U. S.
laws and regulations relating to security sales and transfers.

     2. REGISTRATION RIGHTS. The Company agrees not to file a registration
statement with the SEC, other than on Form 10, Form S-4 (except for a public
reoffering or resale) or Form S-8 without first having registered (or
simultaneous registering) the Common Stock or Warrant Shares.

     3. RESERVATION OF SHARES. The Company hereby covenants that at all times
during the term of this Warrant there shall be reserved for issuance such number
of shares of its Common Stock as shall be required to be issued upon exercise of
this Warrant.

     4. FRACTIONAL SHARES. This Warrant may be exercised only for a whole number
of shares of Common Stock, and no fractional shares or scrip representing
fractional shares shall be issuable upon the exercise of this Warrant.

     5. TRANSFER OF WARRANT AND WARRANT SHARES. The Holder may sell, pledge,
hypothecate, or otherwise transfer this Warrant, in whole, in accordance with
and subject to the terms and conditions set forth in the Subscription Agreement
and then only if such sale, pledge, hypothecation, or transfer is made in
compliance with the act or pursuant to an available exemption from registration
under the act relating to the disposition of securities, and is made in
accordance with applicable state securities laws.

     6. LOSS OF WARRANT. Upon receipt by the Company of evidence satisfactory to
it of the loss, theft, or destruction of this Warrant, and of indemnification
satisfactory to it, or upon surrender and cancellation of this Warrant, if
mutilated, the Company will execute and deliver a new warrant of like tenor.

     7. RIGHTS OF THE HOLDER. No provision of this Warrant shall be
construed as conferring upon the Holder the right to vote, consent, receive
dividends or receive notice other than as expressly provided herein. Prior to
exercise, no provision hereof, in the absence of affirmative action by the
Holder to exercise this Warrant, and no enumeration herein of the rights or
privileges of the Holder, shall give rise to any liability of the holder for the
purchase price of any warrant shares or as a stockholder of the Company, whether
such liability is asserted by the Company or by creditors of the Company.

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     8. NUMBER OF WARRANT SHARES. This Warrant shall be exercisable for two
million six hundred seventeen thousand one hundred eighty-eight (2,617,188)
shares of the Company's Common Stock, as adjusted in accordance with this
Agreement.

     9. EXERCISE PRICE; ADJUSTMENT OF WARRANTS.

          a. DETERMINATION OF EXERCISE PRICE. The per share purchase price (the
"Exercise Price") for each of the Warrant Shares purchasable under this Warrant
shall be equal to Ten Cents ($0.10).

          b. ADJUSTMENT FOR MERGERS OR REORGANIZATION, ETC. In case of any
consolidation or merger of the Company with or into another corporation or the
conveyance of all or substantially all of the assets of the Company to another
corporation, this Warrant shall be exercisable into the number of shares of
stock or other securities or property to which a holder of the number of shares
of Common Stock of the Company deliverable upon exercise of this Warrant would
have been entitled upon such consolidation, merger or conveyance; and, in any
such case, appropriate adjustment (as determined by the Board of Directors of
the Company) shall be made in the application of the provisions herein set forth
with respect to the rights and interest thereafter of the holder of this
Warrant, to the end that the provisions set forth herein shall thereafter be
applicable, as nearly as reasonable may be, in relation to any shares of stock
or other property thereafter deliverable upon the exercise of this Warrant.

          c. NO IMPAIRMENT. THE COMPANY WILL NOT, THROUGH ANY REORGANIZATION,
TRANSFER OF ASSETS, CONSOLIDATION, MERGER, DISSOLUTION, ISSUE OR SALE OF
SECURITIES OR ANY OTHER VOLUNTARY ACTION, AVOID OR SEEK TO AVOID THE OBSERVANCE
OR PERFORMANCE OF ANY OF THE TERMS TO BE OBSERVED OR PERFORMED HEREUNDER BY THE
COMPANY, BUT WILL AT ALL TIMES IN GOOD FAITH ASSIST IN THE CARRYING OUT OF ALL
THE PROVISIONS OF THIS SECTION AND IN THE TAKING OF ALL SUCH ACTION AS MAY BE
NECESSARY OR APPROPRIATE IN ORDER TO PROTECT THE EXERCISE RIGHTS OF THE HOLDER
OF THIS WARRANT AGAINST IMPAIRMENT.

          d. ISSUE TAXES. The Company shall pay issue taxes that may be payable
in respect of any issue or delivery of shares of Common Stock on exercise of
this Warrant, in whole; provided, however, that the Company shall not be
obligated to pay any transfer taxes resulting from any transfer requested by any
holder in connection with any such exercise.

          e. RESERVATION OF STOCK ISSUABLE UPON CONVERSION. The Company shall at
all times reserve and keep available out of its authorized but unissued shares
of common stock, solely for the purpose of effecting the exercise of this
Warrant, such number of its shares of common stock as shall from time to time be
sufficient to effect the exercise of this Warrant; and if at any time the number
of authorized but unissued shares of common stock shall not be sufficient to
effect the exercise of this Warrant, the Company will take all appropriate
corporate action as may, in the opinion of its counsel, be necessary to increase
its authorized but unissued shares of common stock to such number of shares as
shall be sufficient for such purpose.

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     10. CERTAIN DISTRIBUTIONS. In case the Company shall, at any time, prior to
the Expiration Date, declare any distribution of its assets to holders of its
common stock as a partial liquidation, distribution or by way of return of
capital, other than as a dividend payable out of earnings or any surplus legally
available for dividends, then the Holder shall be entitled, upon the proper
exercise of this Warrant in whole prior to the effecting of such declaration, to
receive, in addition to the shares of common stock issuable on such exercise,
the amount of such assets (or at the option of the Company a sum equal to the
value thereof at the time of such distribution to holders of common stock as
such value is determined by the Board of Directors of the Company in good
faith), which would have been payable to the Holder had it been a holder of
record of such shares of common stock on the record date for the determination
of those holders of Common Stock entitled to such distribution.

     11. DISSOLUTION OR LIQUIDATION. In case the Company shall, at any time
prior to the Expiration Date, dissolve, liquidate or wind up its affairs, the
Holder shall be entitled, upon the proper exercise of this Warrant in whole and
prior to any distribution associated with such dissolution, liquidation, or
winding up, to receive on such exercise, in lieu of the shares of Common Stock
to which the Holder would have been entitled, the same kind and amount of assets
as would have been distributed or paid to the Holder upon any such dissolution,
liquidation or winding up, with respect to such shares of Common Stock had the
Holder been a holder of record of such share of Common Stock on the record date
for the determination of those holders of Common Stock entitled to receive any
such dissolution, liquidation, or winding up distribution.

     12. RECLASSIFICATION OR REORGANIZATION. In case of any reclassification,
capital reorganization or other change of outstanding shares of common stock of
the Company (other than a change in par value, or from par value to no par
value, or from no par value to par value, or as a result of an issuance of
common stock by way of dividend or other distribution or of a subdivision or
combination), the Company shall cause effective provision to be made so that the
Holder shall have the right thereafter by exercising this Warrant, IN ACCORDANCE
WITH THE Unit Subscription Agreement, to purchase the kind and amount of shares
of stock and other securities and PROPERTY RECEIVABLE UPON SUCH
RECLASSIFICATION, CAPITAL REORGANIZATION OR OTHER CHANGE, BY A HOLDER OF THE
PROPORTIONAL EQUITY OWNERSHIP IN COMMON STOCK WHICH MIGHT HAVE BEEN PURCHASED
UPON EXERCISE OF THIS WARRANT IMMEDIATELY PRIOR TO SUCH RECLASSIFICATION OR
CHANGE. ANY SUCH PROVISION SHALL INCLUDE PROVISION FOR ADJUSTMENTS WHICH SHALL
BE AS NEARLY EQUIVALENT AS MAY BE PRACTICABLE TO THE ADJUSTMENTS PROVIDED FOR IN
THIS WARRANT. THE FOREGOING PROVISIONS OF THIS SECTION 12 SHALL SIMILARLY APPLY
TO SUCCESSIVE RECLASSIFICATIONS, CAPITAL REORGANIZATIONS AND CHANGES OF SHARES
OF COMMON STOCK. IN THE EVENT THAT IN ANY SUCH CAPITAL REORGANIZATION,
RECLASSIFICATION, OR OTHER CHANGE, ADDITIONAL SHARES OF COMMON STOCK SHALL BE
ISSUED IN EXCHANGE, CONVERSION, SUBSTITUTION OR PAYMENT, IN WHOLE, FOR OR OF A
SECURITY OF THE COMPANY OTHER THAN COMMON STOCK, ANY AMOUNT OF THE CONSIDERATION
RECEIVED UPON THE ISSUE THEREOF BEING DETERMINED BY THE BOARD OF DIRECTORS OF
THE COMPANY SHALL BE FINAL AND BINDING ON THE HOLDER.

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     13. MISCELLANEOUS.

          a. SUCCESSORS AND ASSIGNS. The terms and conditions of this Agreement
shall inure to the benefit of, and be binding upon, the respective successors
and assigns of the parties, except to the extent otherwise provided herein.
Nothing in this Agreement, express or implied, is intended to confer upon any
party, other than the parties hereto or their respective successors and assigns,
any rights, remedies, obligations or liabilities under or by reason of this
Agreement, except as expressly provided in this Agreement.

          b. GOVERNING LAW. This Agreement shall be governed by and construed in
accordance with the laws of the State of Nevada without regard to the principles
of conflict of laws thereof.

          c. COUNTERPARTS; DELIVERY BY FACSIMILE. This Agreement may be executed
in one or more counterparts, each of which shall be deemed an original, but all
of which together shall constitute one and the same instrument. Delivery of this
Agreement may be effected by facsimile.

          d. TITLES AND SUBTITLES. The titles and subtitles used in this
Agreement are used for convenience only and are not to be considered in
construing or interpreting this Agreement.

          e. NOTICES. Unless otherwise provided, any notice required or
permitted hereunder shall be given by personal service upon the party to be
notified, by nationwide overnight delivery service or upon deposit with the
United States Post Office, by certified mail, return receipt requested and: (i)
if to the Company, addressed to IElement Corporation. 17194 Preston Road, Suite
102 PMB 341, Dallas, TX 75248, or at such other address as the Company may
designate by notice to each of the Investors in accordance with the provisions
of this Section; and (ii) if to the Warrant holder, at the address indicated on
the signature page hereof, or at such other addresses as such Holder may
designate by notice to the Company in accordance with the provisions of this
Section.

          f. AMENDMENTS AND WAIVERS. Any term of this Agreement may be amended
and the observance of any term of this Agreement may be waived (either generally
or in a particular instance and either prospectively or retroactively), only
with the written consent of the Company and a majority in interest of the
Holders.

         g. ENTIRE AGREEMENT. This Agreement, the Memorandum (including the
exhibits and schedules thereto) by and between the Company and the Holder,
constitute the entire agreement among the parties hereto with respect to the
subject matter hereof and thereof and supersede all prior agreements,
understandings, negotiations and discussions, whether oral or written, of the
parties hereto.

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         IN WITNESS WHEREOF, the undersigned hereby sets is hand and seal this:

         30th day of December 2005.

IElement Corporation.

By:  /s/ Ivan Zweig
     -----------------------------------------
     Name: Ivan Zweig
     Title: Chief Executive Officer

Consultant Name: Vista Capital, SA

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                                WARRANT EXHIBIT A

                               NOTICE OF EXERCISE

                (To be signed only upon exercise of the Warrant)

TO:  I Element Corporation.

     The undersigned hereby irrevocably elects to exercise the purchase rights
represented by the Warrant granted to the undersigned on ______________________,
2005 and to purchase thereunder ______________* shares of Common Stock of
IElement Corporation. (the "Company") and herewith encloses either payment of
$__________________________________ or instructions regarding the manner of
exercise permitted under Section 1 of the Warrant, in full payment of the
purchase price of such shares being purchased.

Dated: ______________________________

--------------------------------------------------
(Signature must conform in all respects to name
of holder as specified on the face of the Warrant)

__________________________________________________
(Please Print Name)

__________________________________________________
(Address)

* Insert here the number of shares being exercised, without making any
adjustment for additional Common Stock of the Company nor accounting for
recapitalization or reorganization of the Company following the original date of
the Unit Subscription Agreement, other securities or property which, pursuant to
the adjustment provisions of the Warrant, may be deliverable upon exercise.

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                                WARRANT EXHIBIT B

(To be used by IElement Corporation. to give notice to Warrant Holders of CALL
to exercise the Warrant)

                                 NOTICE OF CALL

To:  The Holder of IElement Corporation Warrant.

Name: ____________________________________________
             (name of Warrant Holder)

Address: _________________________________________

         _________________________________________

         _________________________________________

     Notice is hereby given to you that IElement Corporation. (the "Company")
hereby elects to exercise its "call" option to sell shares of common stock
("Common Stock") of the Company to you, the Investor, as of the Warrant Call
Date, at the Exercise Price and for the number of shares written below, all
pursuant to that certain Subscription Agreement and Warrant by and between the
Company and you. You are required to exercise your right to purchase common
shares of the Company within the time and for the price per share as stated in
the said Warrant or you will lose your right to purchase Company common shares
on the terms and conditions as stated in said Warrant.

Call Date: _______________________________________

Intended Number of Shares: _______________________

Share Dollar Amount: _____________________________

Price Per Share: $0.10

IElement Corporation.

By: _________________________________  Dated this ____ day of ________ 200__.
      Name: _________________________
      Title: ________________________

                                       8<PAGE>
Exhibit 10.1

                         AMENDMENT DATED APRIL 7, 2006
                    TO COMMERCIAL LOAN AND SECURITY AGREEMENT

THIS AMENDMENT DATED APRIL 7, 2006 TO COMMERCIAL LOAN AND SECURITY AGREEMENT
("Amendment") is effective as of April 7, 2006, and is by and between STANFORD
FINANCIAL GROUP COMPANY, a Florida corporation (the "Lender") and SUPERIOR
GALLERIES, INC., a Delaware corporation ("Borrower"), with reference to the
following facts:

                                 R E C I T A L S

         A. Pursuant to a Commercial Loan and Security Agreement originally
dated October 1, 2003, as amended as of March 29, 2005, Lender has provided
certain credit facilities to Borrower. Such Commercial Loan and Security
Agreement as amended to date, is referred to herein as the "Loan Agreement."
         B. The maximum amount that can currently be borrowed under the Loan
Agreement is $10,000,000. The parties desire to increase the maximum amount that
may be borrowed under the Loan Agreement to $10,850,000.

                                A G R E E M E N T

         NOW THEREFORE, in consideration of the foregoing recitals and the
agreements of the parties contained herein, the parties do hereby agree as
follows:

         1. The parties agree that the maximum amount that may be borrowed under
the Loan Agreement is Ten Million Eight Hundred Fifty Thousand Dollars
($10,850,000). Accordingly, the first sentence of Section 1.1 of the Loan
Agreement is hereby amended to read in full as follows:

         "Subject to all the terms and conditions of this Agreement, including
         the preconditions to loan advances as herein provided and so long as
         there exists no Event of Default nor any event which with the passage
         of time, the giving of notice or both would constitute an Event of
         Default, Lender will make available to the Borrower a revolving
         Commercial Loan in the principal amount of Ten Million Eight Hundred
         Fifty Thousand Dollars ($10,850,000) (referred to herein as the "Loan")
         which Borrower shall use for borrowing against its inventory and
         providing loans to Borrower's customers secured by collateral property
         consigned to Borrower for auction or otherwise in Borrower's
         possession, custody and control."

         2. Consistent with Section 1 above, the Commercial Note originally
dated March 29, 2005 delivered by the Borrower to Lender under the Loan
Agreement as amended March 29, 2005 (the "Commercial Note") is hereby amended so
that the maximum amount thereof is Ten Million Eight Hundred Fifty Thousand
Dollars ($10,850.000). Accordingly, the first sentence of the first paragraph of
the Commercial Note is hereby amended to read in full as follows:

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                  "FOR VALUE RECEIVED, ON DEMAND, the undersigned (hereinafter
         referred to as "Maker"), promises to pay to the order of Stanford
         Financial Group Company (hereinafter referred to as "Lender"), at its
         office at 5050 Westheimer, Houston, TX 77056 or at such other place as
         the Lender shall from time to time designate in writing, ON DEMAND the
         principal sum of TEN MILLION EIGHT HUNDRED FIFTY THOUSAND DOLLARS AND
         NO CENTS ($10,850,000.00) or such principal portion thereof as shall be
         outstanding under the Commercial Loan Agreement dated October 1, 2003,
         as amended to date, between Maker and Lender (the "Loan Agreement"),
         with interest from the date hereof, computed on a 360-day year, on so
         much of said principal sum as shall from time to time be outstanding,
         at the daily average of the Prime Rate as reported in the Wall Street
         Journal, together with all its reasonable costs, expenses and
         attorney's fees incurred or charged in any action or proceeding for
         collection of said debt or in any litigation arising from or concerning
         said debt or in foreclosing or otherwise recovering on any mortgage or
         security interest securing said debt or in protecting or sustaining the
         lien and/or priority of any such mortgage or security interest."

         3. Except as modified by Sections 1 and 2 above, all terms and
conditions of the Loan Agreement and the Commercial Note shall continue in full
force and effect.

         4. This Amendment may be executed in two counterparts, which taken
together shall be deemed a single instrument. Executed copies of this Amendment
may be delivered by facsimile transmission.

         IN WITNESS WHEREOF, the undersigned have executed this Amendment as of
the dates indicated opposite their names below.

                                     BORROWER:

Dated:  May 2, 2006                  SUPERIOR GALLERIES, INC.,
                                     a Delaware corporation

                                     By: /s/ Silvano DiGenova
                                         ---------------------------------------
                                         Silvano DiGenova, Chairman

                                     LENDER:

Dated:  May 2, 2006                  STANFORD FINANCIAL GROUP COMPANY,
                                     a Florida corporation

                                     By: /s/ James M. Davis
                                         ---------------------------------------
                                         James M. Davis, Chief Financial Officer

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