Document:

Exhibit 4.6

EXHIBIT
4.6

	
      NUMBER
      07 (Amended and Restated) 
	
      195,000
      WARRANTS

	 	
      Each
      Warrant Exercisable for One Share of Common
  Stock

	 	
      SEQUIAM
      CORPORATION

      a
      California corporation
	
      see
      reverse for

	 	
      AMENDED
      AND RESTATED
	
      certain
      definitions

	 	
      COMMON
      STOCK PURCHASE WARRANTS
	 

This
Certifies that for value received, Lee Harrison Corbin, the registered holder
(“Holder”),

	 	
      is
      entitled to purchase from Sequiam Corporation, a California corporation
      (the "Company"), one share of Common Stock in the Company for each Warrant
      represented by this certificate, at any time during the “Exercise Period”
      (as hereinafter defined) at a purchase price (the "Exercise Price") equal
      to $033. As used herein, the "Exercise Period" shall mean the period
      beginning on September 30, 2004, and expiring on September 30, 2009.
      Holder will not have any rights or privileges of stockholders of the
      Company pursuant to the Warrants prior to exercise of the Warrants. The
      Warrants evidenced hereby may be exercised in whole or in part by
      presentation of this Warrant Certificate with the Purchase Form on the
      reverse side hereof fully executed and simultaneous payment
    of
	 	
      the
      Warrant Price at the principal office of the Company. Payment of the
      Warrant Price shall be made at the option of the Holder in cash or by
      certified check or bank draft. Upon any partial exercise of the Warrants
      evidenced hereby, there shall be countersigned and issued to the Holder a
      new Warrant Certificate in respect of the Warrants evidenced hereby that
      shall not have been exercised. The Holder hereof may be treated by the
      Company and all other persons dealing with this Warrant Certificate as the
      absolute owner hereof for all purposes and as the person entitled to
      exercise the rights represented hereby, any notice to the contrary
      notwithstanding, and until such transfer is on such books, the Company may
      treat the Holder as the owner for all
purposes.

	
      Dated:
      September 30, 2004
	
      SEQUIAM
      CORPORATION, a California corporation
	 

(as
amended/restated on May 20, 2005)

	
      /s/
      Mark Mroczkowski
	 	
      /s/
      Nicholas VandenBrekel

	
      Mark
      Mroczkowski, Secretary
	 	
      Nicholas
      VandenBrekel, Chief Executive Officer

SEE
LEGEND ON REVERSE

 

THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR THE SECURITIES LAWS OF ANY
STATE, AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED, HYPOTHECATED OR
OTHERWISE DISPOSED OF EXCEPT PURSUANT TO (i) AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE 1933 ACT AND ANY APPLICABLE STATE LAWS, OR VALID EXCEPTION THERETO,
(ii) TO THE EXTENT APPLICABLE, IN ACCORDANCE WITH RULE 144 UNDER THE 1933 ACT
(OR ANY SIMILAR RULE UNDER THE 1933 ACT RELATING TO THE DISPOSITION OF
SECURITIES), AND (iii) AN OPINION OF COUNSEL, REASONABLY SATISFACTORY TO COUNSEL
TO THE ISSUER, THAT AN EXEMPTION FROM REGISTRATION UNDER THE 1933 ACT AND
APPLICABLE STATE LAW IS AVAILABLE AND SUCH TRANSFER IS MADE IN ACCORDANCE WITH
RULE 144.

ELECTION
TO PURCHASE

The
undersigned hereby elects irrevocably to exercise _______ of the within
Warrant(s) and hereby makes payment of $_________ in payment of the Exercise
Price pursuant hereto. Please issue the Common Stock as to which this Warrant is
exercised in accordance with the instructions given below.

 

 

	
      Dated:
      ________________, 20 ______
	 	
      Signature:
      _____________________________________________

 

INSTRUCTIONS
FOR REGISTRATION OF SHARES

Name
(print)
__________________________________________________________________

Address
(print)
________________________________________________________________

 

ASSIGNMENT

FOR VALUE
RECEIVED, ____________________________________ does hereby sell, assign and
transfer unto ___________________________________________________,
______________________ Warrants, evidenced by the within Warrant Certificate,
and does hereby irrevocably constitute and appoint
__________________________________________ attorney to transfer such right on
the books of Sequiam Corporation, with full power of substitution on the
premises.

 

	
      Dated:
      ________________, 20 ______
	 	
      Signature:
      _____________________________________________

Notice: The
signature of Election to Purchase or Assignment must correspond with the name as
written upon the face of the within Warrant in every particular without
alteration or enlargement or any change whatsoever.Exhibit 10.1

EXHIBIT
10.1

AMENDED,
RESTATED AND CONSOLIDATED

SENIOR
SECURED TERM NOTE

FOR VALUE
RECEIVED, SEQUIAM CORPORATION, a California corporation (the “Borrower”),
hereby promises to pay to Lee Harrison Corbin, Attorney in-Fact for the Trust
Under the Will of John Svenningsen, c/o Kurzman Eisenberg Corbin Lever &
Goodman, LLP, One North Broadway, White Plains, New York 10601, Fax: 914
285-9855 (the “Holder”) or its
registered assigns or successors in interest, on order, the sum of Three Million
Six Hundred and Fifty Thousand Dollars ($3,450,000), together with any accrued
and unpaid interest hereon, on May 17, 2007 (the “Maturity
Date”) if not
sooner paid. Capitalized terms used herein without definition shall have the
meanings ascribed to such terms in that certain Securities Purchase Agreement
dated as of the date hereof between the Borrower and the Holder (the
“Purchase
Agreement”).

WHEREAS,
the Holder is the lawful owner and holder of that certain Promissory Note dated
as of December 18, 2003 made by the Borrower, to the order of the Holder with a
current principal obligation in the amount of $400,000 (“Prior
Note I”), which
evidences obligations of the Borrower;

WHEREAS,
the Holder is the lawful owner and holder of that certain Promissory Note dated
as of January 30, 2004 made by the Borrower, to the order of the Holder with a
current principal obligation in the amount of $400,000 (“Prior
Note II”), which
evidences obligations of the Borrower;

WHEREAS,
the Holder is the lawful owner and holder of that certain Promissory Note dated
as of September 30, 2004 made by the Borrower, to the order of the Holder with a
current principal obligation in the amount of $500,000 (“Prior
Note III”), which
evidences obligations of the Borrower;

WHEREAS,
the Holder is the lawful owner and holder of that certain Promissory Note dated
as of December 16, 2004 made by the Borrower, to the order of the Holder with a
current principal obligation in the amount of $50,000 (“Prior
Note IV”), which
evidences obligations of the Borrower;

WHEREAS,
the Holder has, at the request of the Borrower, agreed to make an additional
advance to the Borrower in the principal amount of $2,100,000.00, of which
$1,000,000 will be paid directly to Laurus Master Fund, Ltd. a Cayman Islands
company (“Laurus”) in
return for an assignment of all of Laurus’ rights and interest in connection
with the financing pursuant to that certain Promissory Note, dated as of April
27, 2004, by the Borrower in favor of Laurus (the “Laurus
Loan”) and
that certain Securities Purchase Agreement, dated as of April 27, 2004, by and
between the Borrower and Laurus, and the documents referenced therein, as
applicable (the “Additional
Advance”);

WHEREAS,
the Borrower and the Holder hereby agree to (1) consolidate Prior Note I, Prior
Note II, Prior Note III, Prior Note IV and the Additional Advance to constitute
a single note evidencing principal indebtedness in the amount of $3,450,000.00,
and (ii) modify and restate the terms of Prior Note I, Prior Note II, Prior Note
III and Prior Note IV (plus the terms governing the Additional Advance) to
conform to the provisions of this Note (this “Note”). This
Note is intended to and shall amend, restate and replace Prior Note I, Prior
Note II, Prior Note III, Prior Note IV and the Additional Advance in their
entirety.

NOW
THEREFORE, in consideration of Ten Dollars ($l0.00) and other good and valuable
consideration, the receipt and legal sufficiency of which are hereby
acknowledged, Prior Note I, Prior Note II and the Additional Advance are hereby
consolidated, modified, amended and restated in its entirety to read as
follows:

ARTICLE
I

INTEREST
& AMORTIZATION

1.1  Interest
Rate. Subject
to Sections 2.10 and 3.6 hereof, interest payable on this Note shall accrue at a
rate of eight percent (8%) per annum (the “Interest
Rate”).
Interest shall be (i) calculated on the basis of a 360 day year, (ii) payable
monthly, in arrears, commencing on November 10, 2005 and on the first business
day of each consecutive calendar month thereafter until the Maturity Date (and
on the Maturity Date), whether by acceleration or otherwise (each, a
“Repayment
Date”). The
Borrower shall not be required to pay any accrued Interest during the first six
months of this Note until the Maturity Date.

1.2  Minimum
Monthly Principal Payments.
Amortizing payments of the aggregate principal amount outstanding under this
Note at any time (the “Principal
Amount”) shall
begin on May 10, 2006 and shall recur on the tenth business day of each
succeeding month thereafter until the Maturity Date (each, an “Amortization
Date”).
Subject to Article II below, beginning on the first Amortization Date, the
Borrower shall make monthly payments to the Holder on each Repayment Date, each
in the amount of $75,000.00, together with any accrued and unpaid interest to
date on such portion of the Principal Amount plus any and all other amounts
which are then owing under this Note, the Purchase Agreement or any other
Related Agreement but have not been paid (collectively, the “Monthly
Amount”). Any
Principal Amount that remains outstanding on the Maturity Date shall be due and
payable on the Maturity Date.

ARTICLE
II

EVENTS
OF DEFAULT

Upon the
occurrence and continuance of an Event of Default beyond any applicable grace
period, the Holder may make all sums of principal, interest and other fees then
remaining unpaid hereon and all other amounts payable hereunder immediately due
and payable. In the event of such an acceleration, within five (5) days after
written notice from Holder to Borrower (each occurrence being a “Default
Notice Period”) the
amount due and owing to the Holder shall be 100% of the outstanding principal
amount of the Note (plus accrued and unpaid interest and fees, if any) (the
“Default
Payment”). If,
with respect to any Event of Default, the Borrower cures the Event of Default,
the Event of Default will be deemed to no longer exist and any rights and
remedies of Holder pertaining to such Event of Default will be of no further
force or effect. The Default Payment shall be applied first to any fees due and
payable to Holder pursuant to the Note or the Related Agreements, then to
accrued and unpaid interest due on the Note and then to outstanding principal
balance of the Note.

7

The
occurrence of any of the following events set forth in Sections 2.1 through 2.9,
inclusive, is an “Event
of Default”:

2.1  Failure
to Pay Principal, Interest or other Fees. The
Borrower fails to pay when due any installment of principal, interest or other
fees hereon in accordance herewith, or the Borrower fails to pay when due any
amount due under any other promissory note issued by Borrower, and in any such
case, such failure shall continue for a period of three (3) business days
following the date upon which any such payment was due.

2.2  Breach
of Covenant. The
Borrower breaches any covenant or any other term or condition of this Note or
the Purchase Agreement in any material respect, or the Borrower or any of its
Subsidiaries breaches any covenant or any other term or condition of any Related
Agreement in any material respect and, any such case, such breach, if subject to
cure, continues for a period of thirty (30) days after the occurrence
thereof.

2.3  Breach
of Representations and Warranties. Any
representation or warranty made by the Borrower in this Note or the Purchase
Agreement, or by the Borrower or any of its Subsidiaries in any Related
Agreement, shall, in any such case, be false or misleading in any material
respect on the date that such representation or warranty was made or deemed
made.

2.4  Receiver
or Trustee. The
Borrower or any of its Subsidiaries shall make an assignment for the benefit of
creditors, or apply for or consent to the appointment of a receiver or trustee
for it or for a substantial part of its property or business; or such a receiver
or trustee shall otherwise be appointed.

2.5  Judgments. Any
money judgment, writ or similar final process shall be entered or filed against
the Borrower or any of its Subsidiaries or any of their respective property or
other assets for more than $50,000, and shall remain unvacated, unbonded or
unstayed for a period of thirty (30) days.

2.6  Bankruptcy.
Bankruptcy, insolvency, reorganization or liquidation proceedings or other
proceedings or relief under any bankruptcy law or any law for the relief of
debtors shall be instituted by or against the Borrower or any of its
Subsidiaries and if commenced against the Borrower or any such Subsidiary shall
not be dismissed within forty-five (45) days.

8

2.7  Stop
Trade. An SEC
stop trade order or Principal Market trading suspension of the Common Stock
shall be in effect for five (5) consecutive days or five (5) days during a
period of ten (10) consecutive days, excluding in all cases a suspension of all
trading on a Principal Market, provided that the
Borrower shall not have been able to cure such trading suspension within thirty
(30) days of the notice thereof or list the Common Stock on another Principal
Market within sixty (60) days of such notice. The “Principal
Market” for the
Common Stock shall include the NASD OTC Bulletin Board, NASDAQ SmallCap Market,
NASDAQ National Market System, American Stock Exchange, or New York Stock
Exchange (whichever of the foregoing is at the time the principal trading
exchange or market for the Common Stock, or any securities exchange or other
securities market on which the Common Stock is then being listed or
traded).

2.8  Default
Under Related Agreements or Other Agreements. The
occurrence and continuance of (x) any Event of Default (as defined in any
Related Agreement) or (y) any event of default (or similar term) under any other
indebtedness (following any applicable cure or grace period), the principal
amount of which indebtedness referred to in this clause (y) exceeds $50,000 in
the aggregate.

2.9  Change
in Control. The
occurrence of a change in the controlling ownership of the
Borrower.

DEFAULT
RELATED PROVISIONS

2.10    Payment
Grace Period.
Following the occurrence and continuance of an Event of Default beyond any
applicable cure period hereunder, the Borrower shall pay the Holder a default
interest rate of two percent (2%) per month on all amounts due and owing under
the Note,, which default interest shall be payable upon demand. 

2.11    Cumulative
Remedies. The
remedies under this Note shall be cumulative.

ARTICLE
III

MISCELLANEOUS

3.1  Failure
or Indulgence Not Waiver. No
failure or delay on the part of the Holder hereof in the exercise of any power,
right or privilege hereunder shall operate as a waiver thereof, nor shall any
single or partial exercise of any such power, right or privilege preclude other
or further exercise thereof or of any other right, power or privilege. All
rights and remedies existing hereunder are cumulative to, and not exclusive of,
any rights or remedies otherwise available.

3.2  Notices. Any
notice herein required or permitted to be given shall be in writing and shall be
deemed effectively given: (a) upon personal delivery to the party notified, (b)
when sent by confirmed telex or facsimile if sent during normal business hours
of the recipient, if not, then on the next business day, (c) five days after
having been sent by registered or certified mail, return receipt requested,
postage prepaid, or (d) one day after deposit with a nationally recognized
overnight courier, specifying next day delivery, with written verification of
receipt. All communications shall be sent to the Borrower at the address
provided in the Purchase Agreement executed in connection herewith, and to the
Holder at the address provided in the Purchase Agreement for such Holder, with a
copy to Kurzman Eisenberg Corbin Lever & Goodman, LLP, One North Broadway,
White Plains, New York 10601, Fax: 914 285-9855, Attention: Joel S. Lever, Esq.,
or at such other address as the Borrower or the Holder may designate by ten days
advance written notice to the other parties hereto. A Notice of Conversion shall
be deemed given when made to the Borrower pursuant to the Purchase
Agreement.

9

3.3  Amendment
Provision. The
term “Note” and all reference thereto, as used throughout this instrument, shall
mean this instrument as originally executed, or if later amended or
supplemented, then as so amended or supplemented.

3.4  Assignability. This
Note shall be binding upon the Borrower and its successors and assigns, and
shall inure to the benefit of the Holder and its successors and assigns, and may
be assigned by the Holder in accordance with the requirements of the Purchase
Agreement. This Note shall not be assigned by the Borrower without the consent
of the Holder.

3.5  Governing
Law. This
Note shall be governed by and construed in accordance with the laws of the State
of New York, without regard to principles of conflicts of laws. Any action
brought by either party against the other concerning the transactions
contemplated by this Agreement shall be brought only in the state courts of New
York or in the federal courts located in the state of New York. Both parties and
the individual signing this Note on behalf of the Borrower agree to submit to
the jurisdiction of such courts. The prevailing party shall be entitled to
recover from the other party its reasonable attorney’s fees and costs. In the
event that any provision of this Note is invalid or unenforceable under any
applicable statute or rule of law, then such provision shall be deemed
inoperative to the extent that it may conflict therewith and shall be deemed
modified to conform with such statute or rule of law. Any such provision which
may prove invalid or unenforceable under any law shall not affect the validity
or unenforceability of any other provision of this Note. Nothing contained
herein shall be deemed or operate to preclude the Holder from bringing suit or
taking other legal action against the Borrower in any other jurisdiction to
collect on the Borrower’s obligations to Holder, to realize on any collateral or
any other security for such obligations, or to enforce a judgment or other court
in favor of the Holder.

3.6  Maximum
Payments. Nothing
contained herein shall be deemed to establish or require the payment of a rate
of interest or other charges in excess of the maximum permitted by applicable
law. In the event that the rate of interest required to be paid or other charges
hereunder exceed the maximum permitted by such law, any payments in excess of
such maximum shall be credited against amounts owed by the Borrower to the
Holder and thus refunded to the Borrower.

3.7  Security
Interest and Guarantee. The
Holder has been granted a security interest (i) in certain assets of the
Borrower and its Subsidiaries as more fully described in the Amended and
Restated Master Security Agreement dated as of the date hereof and (ii) pursuant
to the Amended and Restated Stock Pledge Agreement dated as of the date hereof.
The obligations of the Borrower under this Note are guaranteed by certain
Subsidiaries of the Borrower pursuant to the Subsidiary Guaranty dated as of the
date hereof.

10

3.8  Construction. Each
party acknowledges that its legal counsel participated in the preparation of
this Note and, therefore, stipulates that the rule of construction that
ambiguities are to be resolved against the drafting party shall not be applied
in the interpretation of this Note to favor any party against the other.

3.9  Cost
of Collection. If
default is made in the payment of this Note, the Borrower shall pay to Holder
reasonable costs of collection, including reasonable attorney’s fees.

[Balance
of page intentionally left blank; signature page follows]

11

IN
WITNESS WHEREOF, the
Borrower has caused this Amended, Restated and Consolidated Senior Secured Term
Note to be signed in its name effective as of this 18th day of May
2005.

	 	
      SEQUIAM
      CORPORATION

	 	 	 
	 	 	 
	 	
      By:
	
      /s/
      Nicholas VandenBrekel

	 	
      Name:
	
      Nicholas
      VandenBrekel

	 	
      Title:
	
      CEO

WITNESS:

	
      /s/
      Sandra Gordon
	 

 

12

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