Document:

Exhibit 4.4

    
      
        

      

    

    Exhibit
      4.4

    

    

    EXHIBIT
      C

    

    NEITHER
      THIS SECURITY NOR THE SECURITIES INTO WHICH THIS SECURITY IS EXERCISABLE HAVE
      BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES
      COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER
      THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY,
      MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION
      STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM,
      OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE
      SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS
      EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE
      SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY. THIS SECURITY
      AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS SECURITY MAY BE PLEDGED IN
      CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN SECURED BY SUCH
      SECURITIES.

    

    

    COMMON
      STOCK PURCHASE WARRANT

    

    To
      Purchase __________ Shares of Common Stock of

    

    SEQUIAM
      CORPORATION

    

    THIS
      COMMON STOCK PURCHASE WARRANT (the “Warrant”)
      certifies that, for value received, _____________ (the “Holder”),
      is
      entitled, upon the terms and subject to the limitations on exercise and the
      conditions hereinafter set forth, at any time on or after the date hereof (the
      “Initial
      Exercise Date”)
      and on
      or prior to the close of business on the five year anniversary of the Initial
      Exercise Date (the “Termination
      Date”)
      but
      not thereafter, to subscribe for and purchase from Sequiam Corporation, a
      California corporation (the “Company”),
      up to
      ______ shares (the “Warrant
      Shares”)
      of
      Common Stock, par value $.001 per share, of the Company (the “Common
      Stock”).
      The
      purchase price of one share of Common Stock under this Warrant shall be equal
      to
      the Exercise Price, as defined in Section 2(b). 

    

    Section
      1.  Definitions.
      Capitalized terms used and not otherwise defined herein shall have the meanings
      set forth in that certain Securities Purchase Agreement (the “Purchase
      Agreement”),
      dated
      November __, 2005, among the Company and the purchasers signatory
      thereto.

    

    Section
      2.  Exercise.

    
      
        
        

      

      
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    a)  Exercise
      of Warrant.
      Exercise of the purchase rights represented by this Warrant may be made, in
      whole or in part, at any time or times on or after the Initial Exercise Date
      and
      on or before the Termination Date by delivery to the Company of a duly executed
      facsimile copy of the Notice of Exercise Form annexed hereto (or such other
      office or agency of the Company as it may designate by notice in writing to
      the
      registered Holder at the address of such Holder appearing on the books of the
      Company); provided,
      however,
      within
      5 Trading Days of the date said Notice of Exercise is delivered to the Company,
      if this Warrant is exercised in full, the Holder shall have surrendered this
      Warrant to the Company and the Company shall have received payment of the
      aggregate Exercise Price of the shares thereby purchased by wire transfer or
      cashier’s check drawn on a United States bank. Notwithstanding anything herein
      to the contrary, the Holder shall not be required to physically surrender this
      Warrant to the Company until the Holder has purchased all of the Warrant Shares
      available hereunder and the Warrant has been exercised in full. Partial
      exercises of this Warrant resulting in purchases of a portion of the total
      number of Warrant Shares available hereunder shall have the effect of lowering
      the outstanding number of Warrant Shares purchasable hereunder in an amount
      equal to the applicable number of Warrant Shares purchased. The Holder and
      the
      Company shall maintain records showing the number of Warrant Shares purchased
      and the date of such purchases. The Company shall deliver any objection to
      any
      Notice of Exercise Form within 1 Business Day of receipt of such notice. The
      Holder and any assignee, by acceptance of this Warrant, acknowledge and agree
      that, by reason of the provisions of this paragraph, following the purchase
      of a
      portion of the Warrant Shares hereunder, the number of Warrant Shares available
      for purchase hereunder at any given time may be less than the amount stated
      on
      the face hereof.

    

    b)  Exercise
      Price.
      The
      exercise price of the Common Stock under this Warrant shall be $._____2,
      subject
      to adjustment hereunder (the “Exercise
      Price”).

    

    c)  Cashless
      Exercise.
      If at
      any time after one year from the date of issuance of this Warrant there is
      no
      effective Registration Statement registering, or no current prospectus available
      for, the resale of the Warrant Shares by the Holder, then this Warrant may
      also
      be exercised at such time by means of a “cashless exercise” in which the Holder
      shall be entitled to receive a certificate for the number of Warrant Shares
      equal to the quotient obtained by dividing [(A-B) (X)] by (A),
      where:

    

    
      	 	
              (A)
                = 

            	
              the
                VWAP on the Trading Day immediately preceding the date of such
                election;

            

    

    

    
      	 	
              (B)
                = 

            	
              the
                Exercise Price of this Warrant, as adjusted; and
                

            

    

    

    
      	 	
              (X)
                = 

            	
              the
                number of Warrant Shares issuable upon exercise of this Warrant in
                accordance with the terms of this Warrant by means of a cash exercise
                rather than a cashless exercise.

            

    

     

    ________________________

      2  110%
        of
        the closing bid price of the Common Stock on the Trading Day immediately
        prior
        to the date of the Purchase Agreement.

       

    

    
      
        
        

      

      
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    Notwithstanding
      anything herein to the contrary, on the Termination Date, this Warrant shall
      be
      automatically exercised via cashless exercise pursuant to this Section
      2(c).

    

    d)  Holder’s
      Restrictions.
      The
      Company shall not effect any exercise of this Warrant, and a Holder shall not
      have the right to exercise any portion of this Warrant, pursuant to Section
      2(c)
      or otherwise, to the extent that after giving effect to such issuance after
      exercise, such Holder (together with such Holder’s affiliates, and any other
      person or entity acting as a group together with such Holder or any of such
      Holder’s affiliates), as set forth on the applicable Notice of Exercise, would
      beneficially own in excess of 4.99% of the number of shares of the Common Stock
      outstanding immediately after giving effect to such issuance.  For purposes
      of the foregoing sentence, the number of shares of Common Stock beneficially
      owned by such Holder and its affiliates shall include the number of shares
      of
      Common Stock issuable upon exercise of this Warrant with respect to which the
      determination of such sentence is being made, but shall exclude the number
      of
      shares of Common Stock which would be issuable upon (A) exercise of the
      remaining, nonexercised portion of this Warrant beneficially owned by such
      Holder or any of its affiliates and (B) exercise or conversion of the
      unexercised or nonconverted portion of any other securities of the Company
      (including, without limitation, any other Preferred Stock or Warrants) subject
      to a limitation on conversion or exercise analogous to the limitation contained
      herein beneficially owned by such Holder or any of its affiliates.  Except
      as set forth in the preceding sentence, for purposes of this Section 2(d)(i),
      beneficial ownership shall be calculated in accordance with Section 13(d) of
      the
      Exchange Act and the rules and regulations promulgated thereunder, it being
      acknowledged by a Holder that the Company is not representing to such Holder
      that such calculation is in compliance with Section 13(d) of the Exchange Act
      and such Holder is solely responsible for any schedules required to be filed
      in
      accordance therewith. To the extent that the limitation contained in this
      Section 2(d) applies, the determination of whether this Warrant is exercisable
      (in relation to other securities owned by such Holder) and of which a portion
      of
      this Warrant is exercisable shall be in the sole discretion of a Holder, and
      the
      submission of a Notice of Exercise shall be deemed to be each Holder’s
      determination of whether this Warrant is exercisable (in relation to other
      securities owned by such Holder) and of which portion of this Warrant is
      exercisable, in each case subject to such aggregate percentage limitation,
      and
      the Company shall have no obligation to verify or confirm the accuracy of such
      determination. In addition, a determination as to any group status as
      contemplated above shall be determined in accordance with Section 13(d) of
      the
      Exchange Act and the rules and regulations promulgated thereunder. For purposes
      of this Section 2(d), in determining the number of outstanding shares of Common
      Stock, a Holder may rely on the number of outstanding shares of Common Stock
      as
      reflected in (x) the Company’s most recent Form 10-QSB or Form 10-KSB, as the
      case may be, (y) a more recent public announcement by the Company or (z) any
      other notice by the Company or the Company’s Transfer Agent setting forth the
      number of shares of Common Stock outstanding.  Upon the written or oral
      request of a Holder, the Company shall within two Trading Days confirm orally
      and in writing to such Holder the number of shares of Common Stock then
      outstanding.  In any case, the number of outstanding shares of Common Stock
      shall be determined after giving effect to the conversion or exercise of
      securities of the Company, including this Warrant, by such Holder or its
      affiliates since the date as of which such number of outstanding shares of
      Common Stock was reported. The provisions of this Section 2(d) may be waived
      by
      such Holder, at the election of such Holder, upon not less than 61 days’ prior
      notice to the Company, and the provisions of this Section 2(d) shall continue
      to
      apply until such 61st
      day (or
      such later date, as determined by such Holder, as may be specified in such
      notice of waiver). The provisions of this paragraph shall be implemented in
      a
      manner otherwise than in strict conformity with the terms of this Section 2(d)
      to correct this paragraph (or any portion hereof) which may be defective or
      inconsistent with the intended 4.99% beneficial ownership limitation herein
      contained or to make changes or supplements necessary or desirable to properly
      give effect to such 4.99% limitation. The limitations contained in this
      paragraph shall apply to a successor holder of this Warrant.

    
      
        
        

      

      
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    e)  Mechanics
      of Exercise.
      

    

    i.  Authorization
      of Warrant Shares.
      The
      Company covenants that all Warrant Shares which may be issued upon the exercise
      of the purchase rights represented by this Warrant will, upon exercise of the
      purchase rights represented by this Warrant, be duly authorized, validly issued,
      fully paid and nonassessable and free from all taxes, liens and charges in
      respect of the issue thereof (other than taxes in respect of any transfer
      occurring contemporaneously with such issue). 

    

    ii.  Delivery
      of Certificates Upon Exercise.
      Certificates for shares purchased hereunder shall be transmitted by the transfer
      agent of the Company to the Holder by crediting the account of the Holder’s
      prime broker with the Depository Trust Company through its Deposit Withdrawal
      Agent Commission (“DWAC”)
      system
      if the Company is a participant in such system, and otherwise by physical
      delivery to the address specified by the Holder in the Notice of Exercise within
      3 Trading Days from the delivery to the Company of the Notice of Exercise Form,
      surrender of this Warrant (if required) and payment of the aggregate Exercise
      Price as set forth above (“Warrant
      Share Delivery Date”).
      This
      Warrant shall be deemed to have been exercised on the date the Exercise Price
      is
      received by the Company. The Warrant Shares shall be deemed to have been issued,
      and Holder or any other person so designated to be named therein shall be deemed
      to have become a holder of record of such shares for all purposes, as of the
      date the Warrant has been exercised by payment to the Company of the Exercise
      Price and all taxes required to be paid by the Holder, if any, pursuant to
      Section 2(e)(vii) prior to the issuance of such shares, have been
      paid.

    

    iii.  Delivery
      of New Warrants Upon Exercise.
      If this
      Warrant shall have been exercised in part, the Company shall, at the request
      of
      a Holder and upon surrender of this Warrant certificate, at the time of delivery
      of the certificate or certificates representing Warrant Shares, deliver to
      Holder a new Warrant evidencing the rights of Holder to purchase the unpurchased
      Warrant Shares called for by this Warrant, which new Warrant shall in all other
      respects be identical with this Warrant.

    
      
        
        

      

      
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    iv.  Rescission
      Rights.
      If the
      Company fails to cause its transfer agent to transmit to the Holder a
      certificate or certificates representing the Warrant Shares pursuant to this
      Section 2(e)(iv) by the Warrant Share Delivery Date, then the Holder will have
      the right to rescind such exercise.

    

    v.  Compensation
      for Buy-In on Failure to Timely Deliver Certificates Upon
      Exercise.
      In
      addition to any other rights available to the Holder, if the Company fails
      to
      cause its transfer agent to transmit to the Holder a certificate or certificates
      representing the Warrant Shares pursuant to an exercise on or before the Warrant
      Share Delivery Date, and if after such date the Holder is required by its broker
      to purchase (in an open market transaction or otherwise) shares of Common Stock
      to deliver in satisfaction of a sale by the Holder of the Warrant Shares which
      the Holder anticipated receiving upon such exercise (a “Buy-In”),
      then
      the Company shall (1) pay in cash to the Holder the amount by which (x) the
      Holder’s total purchase price (including brokerage commissions, if any) for the
      shares of Common Stock so purchased exceeds (y) the amount obtained by
      multiplying (A) the number of Warrant Shares that the Company was required
      to
      deliver to the Holder in connection with the exercise at issue times (B) the
      price at which the sell order giving rise to such purchase obligation was
      executed, and (2) at the option of the Holder, either reinstate the portion
      of
      the Warrant and equivalent number of Warrant Shares for which such exercise
      was
      not honored or deliver to the Holder the number of shares of Common Stock that
      would have been issued had the Company timely complied with its exercise and
      delivery obligations hereunder. For example, if the Holder purchases Common
      Stock having a total purchase price of $11,000 to cover a Buy-In with respect
      to
      an attempted exercise of shares of Common Stock with an aggregate sale price
      giving rise to such purchase obligation of $10,000, under clause (1) of the
      immediately preceding sentence the Company shall be required to pay the Holder
      $1,000. The Holder shall provide the Company written notice indicating the
      amounts payable to the Holder in respect of the Buy-In, together with applicable
      confirmations and other evidence reasonably requested by the Company. Nothing
      herein shall limit a Holder’s right to pursue any other remedies available to it
      hereunder, at law or in equity including, without limitation, a decree of
      specific performance and/or injunctive relief with respect to the Company’s
      failure to timely deliver certificates representing shares of Common Stock
      upon
      exercise of the Warrant as required pursuant to the terms hereof.

    

    
      
        
        

      

      
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    vi.  No
      Fractional Shares or Scrip.
      No
      fractional shares or scrip representing fractional shares shall be issued upon
      the exercise of this Warrant. As to any fraction of a share which Holder would
      otherwise be entitled to purchase upon such exercise, the Company shall pay
      a
      cash adjustment in respect of such final fraction in an amount equal to such
      fraction multiplied by the Exercise Price.

    

    vii.  Charges,
      Taxes and Expenses.
      Issuance of certificates for Warrant Shares shall be made without charge to
      the
      Holder for any issue or transfer tax or other incidental expense in respect
      of
      the issuance of such certificate, all of which taxes and expenses shall be
      paid
      by the Company, and such certificates shall be issued in the name of the Holder
      or in such name or names as may be directed by the Holder; provided,
      however,
      that in
      the event certificates for Warrant Shares are to be issued in a name other
      than
      the name of the Holder, this Warrant when surrendered for exercise shall be
      accompanied by the Assignment Form attached hereto duly executed by the Holder;
      and the Company may require, as a condition thereto, the payment of a sum
      sufficient to reimburse it for any transfer tax incidental thereto.

    

    viii.  Closing
      of Books.
      The
      Company will not close its stockholder books or records in any manner which
      prevents the timely exercise of this Warrant, pursuant to the terms
      hereof.

    

    Section
      3.  Certain Adjustments.

    

    a)  Stock
      Dividends and Splits.
      If the
      Company, at any time while this Warrant is outstanding: (A) pays a stock
      dividend or otherwise make a distribution or distributions on shares of its
      Common Stock or any other equity or equity equivalent securities payable in
      shares of Common Stock (which, for avoidance of doubt, shall not include any
      shares of Common Stock issued by the Company pursuant to this Warrant), (B)
      subdivides outstanding shares of Common Stock into a larger number of shares,
      (C) combines (including by way of reverse stock split) outstanding shares of
      Common Stock into a smaller number of shares, or (D) issues by reclassification
      of shares of the Common Stock any shares of capital stock of the Company, then
      in each case the Exercise Price shall be multiplied by a fraction of which
      the
      numerator shall be the number of shares of Common Stock (excluding treasury
      shares, if any) outstanding immediately before such event and of which the
      denominator shall be the number of shares of Common Stock outstanding
      immediately after such event and the number of shares issuable upon exercise
      of
      this Warrant shall be proportionately adjusted. Any adjustment made pursuant
      to
      this Section 3(a) shall become effective immediately after the record date
      for
      the determination of stockholders entitled to receive such dividend or
      distribution and shall become effective immediately after the effective date
      in
      the case of a subdivision, combination or re-classification.

     

    
      
        
        

      

      
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    b)  Subsequent
      Equity Sales.
      If the
      Company or any Subsidiary thereof, as applicable, at any time while this Warrant
      is outstanding, shall offer, sell, grant any option to purchase or offer, sell
      or grant any right to reprice its securities, or otherwise dispose of or issue
      (or announce any offer, sale, grant or any option to purchase or other
      disposition) any Common Stock or Common Stock Equivalents entitling any Person
      to acquire shares of Common Stock, at an effective price per share less than
      the
      then Exercise Price (such lower price, the “Base
      Share Price”
and
      such issuances collectively, a “Dilutive
      Issuance”),
      as
      adjusted hereunder (if the holder of the Common Stock or Common Stock
      Equivalents so issued shall at any time, whether by operation of purchase price
      adjustments, reset provisions, floating conversion, exercise or exchange prices
      or otherwise, or due to warrants, options or rights per share which is issued
      in
      connection with such issuance, be entitled to receive shares of Common Stock
      at
      an effective price per share which is less than the Exercise Price, such
      issuance shall be deemed to have occurred for less than the Exercise Price
      on
      such date of the Dilutive Issuance), then the Exercise Price shall be reduced
      and only reduced to equal the Base Share Price and the number of Warrant Shares
      issuable hereunder shall be increased such that the aggregate Exercise Price
      payable hereunder, after taking into account the decrease in the Exercise Price,
      shall be equal to the aggregate Exercise Price prior to such adjustment. Such
      adjustment shall be made whenever such Common Stock or Common Stock Equivalents
      are issued. Notwithstanding the foregoing, no adjustments shall be made, paid
      or
      issued under this Section 3(b) in respect of an Exempt Issuance. The Company
      shall notify the Holder in writing, no later than the Trading Day following
      the
      issuance of any Common Stock or Common Stock Equivalents subject to this
      section, indicating therein the applicable issuance price, or of applicable
      reset price, exchange price, conversion price and other pricing terms (such
      notice the “Dilutive
      Issuance Notice”).
      For
      purposes of clarification, whether or not the Company provides a Dilutive
      Issuance Notice pursuant to this Section 3(b), upon the occurrence of any
      Dilutive Issuance, after the date of such Dilutive Issuance the Holder is
      entitled to receive a number of Warrant Shares based upon the Base Share Price
      regardless of whether the Holder accurately refers to the Base Share Price
      in
      the Notice of Exercise. 

    

    c)  Pro
      Rata Distributions.
      If the
      Company, at any time prior to the Termination Date, shall distribute to all
      holders of Common Stock (and not to Holders of the Warrants) evidences of its
      indebtedness or assets (including cash and cash dividends) or rights or warrants
      to subscribe for or purchase any security other than the Common Stock (which
      shall be subject to Section 3(b)), then in each such case the Exercise Price
      shall be adjusted by multiplying the Exercise Price in effect immediately prior
      to the record date fixed for determination of stockholders entitled to receive
      such distribution by a fraction of which the denominator shall be the VWAP
      determined as of the record date mentioned above, and of which the numerator
      shall be such VWAP on such record date less the then per share fair market
      value
      at such record date of the portion of such assets or evidence of indebtedness
      so
      distributed applicable to one outstanding share of the Common Stock as
      determined by the Board of Directors in good faith. In either case the
      adjustments shall be described in a statement provided to the Holder of the
      portion of assets or evidences of indebtedness so distributed or such
      subscription rights applicable to one share of Common Stock. Such adjustment
      shall be made whenever any such distribution is made and shall become effective
      immediately after the record date mentioned above.

    
      
        
        

      

      
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    d)  Fundamental
      Transaction.
      If, at
      any time while this Warrant is outstanding, (A) the Company effects any merger
      or consolidation of the Company with or into another Person, (B) the Company
      effects any sale of all or substantially all of its assets in one or a series
      of
      related transactions, (C) any tender offer or exchange offer (whether by the
      Company or another Person) is completed pursuant to which holders of Common
      Stock are permitted to tender or exchange their shares for other securities,
      cash or property, or (D) the Company effects any reclassification of the Common
      Stock or any compulsory share exchange pursuant to which the Common Stock is
      effectively converted into or exchanged for other securities, cash or property
      (in any such case, a “Fundamental
      Transaction”),
      then,
      upon any subsequent exercise of this Warrant, the Holder shall have the right
      to
      receive, for each Warrant Share that would have been issuable upon such exercise
      immediately prior to the occurrence of such Fundamental Transaction, at the
      option of the Holder, (a) upon exercise of this Warrant, the number of shares
      of
      Common Stock of the successor or acquiring corporation or of the Company, if
      it
      is the surviving corporation, and any additional consideration (the
“Alternate
      Consideration”)
      receivable upon or as a result of such reorganization, reclassification, merger,
      consolidation or disposition of assets by a Holder of the number of shares
      of
      Common Stock for which this Warrant is exercisable immediately prior to such
      event or (b) if the Company is acquired in an all cash transaction, cash equal
      to the value of this Warrant as determined in accordance with the Black-Scholes
      option pricing formula. For purposes of any such exercise, the determination
      of
      the Exercise Price shall be appropriately adjusted to apply to such Alternate
      Consideration based on the amount of Alternate Consideration issuable in respect
      of one share of Common Stock in such Fundamental Transaction, and the Company
      shall apportion the Exercise Price among the Alternate Consideration in a
      reasonable manner reflecting the relative value of any different components
      of
      the Alternate Consideration. If holders of Common Stock are given any choice
      as
      to the securities, cash or property to be received in a Fundamental Transaction,
      then the Holder shall be given the same choice as to the Alternate Consideration
      it receives upon any exercise of this Warrant following such Fundamental
      Transaction. To the extent necessary to effectuate the foregoing provisions,
      any
      successor to the Company or surviving entity in such Fundamental Transaction
      shall issue to the Holder a new warrant consistent with the foregoing provisions
      and evidencing the Holder’s right to exercise such warrant into Alternate
      Consideration. The terms of any agreement pursuant to which a Fundamental
      Transaction is effected shall include terms requiring any such successor or
      surviving entity to comply with the provisions of this Section 3(d) and insuring
      that this Warrant (or any such replacement security) will be similarly adjusted
      upon any subsequent transaction analogous to a Fundamental
      Transaction.

    

    e)  Calculations.
      All
      calculations under this Section 3 shall be made to the nearest cent or the
      nearest 1/100th of a share, as the case may be. For purposes of this Section
      3,
      the number of shares of Common Stock deemed to be issued and outstanding as
      of a
      given date shall be the sum of the number of shares of Common Stock (excluding
      treasury shares, if any) issued and outstanding.

     

    
      
        
        

      

      
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    f)  Voluntary
      Adjustment By Company.
      The
      Company may at any time during the term of this Warrant reduce the then current
      Exercise Price to any amount and for any period of time deemed appropriate
      by
      the Board of Directors of the Company.

    

    g)  Notice
      to Holders.
      

    

    i.  Adjustment
      to Exercise Price.
      Whenever the Exercise Price is adjusted pursuant to this Section 3, the Company
      shall promptly mail to each Holder a notice setting forth the Exercise Price
      after such adjustment and setting forth a brief statement of the facts requiring
      such adjustment. If the Company issues a variable rate security, despite the
      prohibition thereon in the Purchase Agreement, the Company shall be deemed
      to
      have issued Common Stock or Common Stock Equivalents at the lowest possible
      conversion or exercise price at which such securities may be converted or
      exercised in the case of a Variable Rate Transaction (as defined in the Purchase
      Agreement).

    

    ii.  Notice
      to Allow Exercise by Holder.
      If (A)
      the Company shall declare a dividend (or any other distribution) on the Common
      Stock; (B) the Company shall declare a special nonrecurring cash dividend on
      or
      a redemption of the Common Stock; (C) the Company shall authorize the granting
      to all holders of the Common Stock rights or warrants to subscribe for or
      purchase any shares of capital stock of any class or of any rights; (D) the
      approval of any stockholders of the Company shall be required in connection
      with
      any reclassification of the Common Stock, any consolidation or merger to which
      the Company is a party, any sale or transfer of all or substantially all of
      the
      assets of the Company, of any compulsory share exchange whereby the Common
      Stock
      is converted into other securities, cash or property; (E) the Company shall
      authorize the voluntary or involuntary dissolution, liquidation or winding
      up of
      the affairs of the Company; then, in each case, the Company shall cause to
      be
      mailed to the Holder at its last address as it shall appear upon the Warrant
      Register of the Company, at least 20 calendar days prior to the applicable
      record or effective date hereinafter specified, a notice stating (x) the date
      on
      which a record is to be taken for the purpose of such dividend, distribution,
      redemption, rights or warrants, or if a record is not to be taken, the date
      as
      of which the holders of the Common Stock of record to be entitled to such
      dividend, distributions, redemption, rights or warrants are to be determined
      or
      (y) the date on which such reclassification, consolidation, merger, sale,
      transfer or share exchange is expected to become effective or close, and the
      date as of which it is expected that holders of the Common Stock of record
      shall
      be entitled to exchange their shares of the Common Stock for securities, cash
      or
      other property deliverable upon such reclassification, consolidation, merger,
      sale, transfer or share exchange; provided that the failure to mail such notice
      or any defect therein or in the mailing thereof shall not affect the validity
      of
      the corporate action required to be specified in such notice. The Holder is
      entitled to exercise this Warrant during the 20-day period commencing on the
      date of such notice to the effective date of the event triggering such
      notice.

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    

    Section
      4.  Transfer
      of Warrant.

    

    a)  Transferability.
      Subject
      to compliance with any applicable securities laws and the conditions set forth
      in Sections 5(a) and 4(d) hereof and to the provisions of Section 4.1 of the
      Purchase Agreement, this Warrant and all rights hereunder are transferable,
      in
      whole or in part, upon surrender of this Warrant at the principal office of
      the
      Company, together with a written assignment of this Warrant substantially in
      the
      form attached hereto duly executed by the Holder or its agent or attorney and
      funds sufficient to pay any transfer taxes payable upon the making of such
      transfer. Upon such surrender and, if required, such payment, the Company shall
      execute and deliver a new Warrant or Warrants in the name of the assignee or
      assignees and in the denomination or denominations specified in such instrument
      of assignment, and shall issue to the assignor a new Warrant evidencing the
      portion of this Warrant not so assigned, and this Warrant shall promptly be
      cancelled. A Warrant, if properly assigned, may be exercised by a new holder
      for
      the purchase of Warrant Shares without having a new Warrant issued.

    

    b)  New
      Warrants.
      This
      Warrant may be divided or combined with other Warrants upon presentation hereof
      at the aforesaid office of the Company, together with a written notice
      specifying the names and denominations in which new Warrants are to be issued,
      signed by the Holder or its agent or attorney. Subject to compliance with
      Section 4(a), as to any transfer which may be involved in such division or
      combination, the Company shall execute and deliver a new Warrant or Warrants
      in
      exchange for the Warrant or Warrants to be divided or combined in accordance
      with such notice.

    

    c)  Warrant
      Register.
      The
      Company shall register this Warrant, upon records to be maintained by the
      Company for that purpose (the “Warrant
      Register”),
      in
      the name of the record Holder hereof from time to time. The Company may deem
      and
      treat the registered Holder of this Warrant as the absolute owner hereof for
      the
      purpose of any exercise hereof or any distribution to the Holder, and for all
      other purposes, absent actual notice to the contrary.

    

    d)  Transfer
      Restrictions.
      If, at
      the time
      of
      the surrender of this Warrant in connection with any transfer of this Warrant,
      the transfer of this Warrant shall not be registered pursuant to an effective
      registration
      statement under the Securities Act
      and
under
      applicable state securities or blue sky laws, the Company may require, as a
      condition of allowing such transfer (i) that the Holder or transferee of this
      Warrant, as the case may be, furnish to the Company a written opinion of counsel
      (which opinion shall be in form, substance and scope customary for opinions
      of
      counsel in comparable transactions) to the effect that such transfer may be
      made
      without
      registration under
      the
      Securities Act and under applicable state securities or blue sky laws, (ii)
      that
      the holder or transferee execute and deliver to the Company an investment letter
      in form and substance acceptable to the Company and (iii) that the transferee
      be
      an “accredited
      investor” as defined in Rule 501(a)(1), (a)(2), (a)(3), (a)(7), or (a)(8)
      promulgated under the Securities Act or a qualified institutional buyer as
      defined in Rule 144A(a) under the Securities Act.

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    Section
      5.  Miscellaneous.

    

    a)  Title
      to Warrant.
      Prior
      to the Termination Date and subject to compliance with applicable laws and
      Section 4 of this Warrant, this Warrant and all rights hereunder are
      transferable, in whole or in part, at the office or agency of the Company by
      the
      Holder in person or by duly authorized attorney, upon surrender of this Warrant
      together with the Assignment Form annexed hereto properly endorsed. The
      transferee shall sign an investment letter in form and substance reasonably
      satisfactory to the Company.

    

    b)  No
      Rights as Shareholder Until Exercise.
      This
      Warrant does not entitle the Holder to any voting rights or other rights as
      a
      shareholder of the Company prior to the exercise hereof. Upon the surrender
      of
      this Warrant and the payment of the aggregate Exercise Price (or by means of
      a
      cashless exercise), the Warrant Shares so purchased shall be and be deemed
      to be
      issued to such Holder as the record owner of such shares as of the close of
      business on the later of the date of such surrender or payment.

    

    c)  Loss,
      Theft, Destruction or Mutilation of Warrant.
      The
      Company covenants that upon receipt by the Company of evidence reasonably
      satisfactory to it of the loss, theft, destruction or mutilation of this Warrant
      or any stock certificate relating to the Warrant Shares, and in case of loss,
      theft or destruction, of indemnity or security reasonably satisfactory to it
      (which, in the case of the Warrant, shall not include the posting of any bond),
      and upon surrender and cancellation of such Warrant or stock certificate, if
      mutilated, the Company will make and deliver a new Warrant or stock certificate
      of like tenor and dated as of such cancellation, in lieu of such Warrant or
      stock certificate.

    

    d)  Saturdays,
      Sundays, Holidays, etc.
      If the
      last or appointed day for the taking of any action or the expiration of any
      right required or granted herein shall be a Saturday, Sunday or a legal holiday,
      then such action may be taken or such right may be exercised on the next
      succeeding day not a Saturday, Sunday or legal holiday.

    

    e)  Authorized
      Shares.
      

    

    The
      Company covenants that during the period the Warrant is outstanding, it will
      reserve from its authorized and unissued Common Stock a sufficient number of
      shares to provide for the issuance of the Warrant Shares upon the exercise
      of
      any purchase rights under this Warrant. The Company further covenants that
      its
      issuance of this Warrant shall constitute full authority to its officers who
      are
      charged with the duty of executing stock certificates to execute and issue
      the
      necessary certificates for the Warrant Shares upon the exercise of the purchase
      rights under this Warrant. The Company will take all such reasonable action
      as
      may be necessary to assure that such Warrant Shares may be issued as provided
      herein without violation of any applicable law or regulation, or of any
      requirements of the Trading Market upon which the Common Stock may be listed.
      

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    

    Except
      and to the extent as waived or consented to by the Holder, the Company shall
      not
      by any action, including, without limitation, amending its certificate of
      incorporation or 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 of
      this
      Warrant, but will at all times in good faith assist in the carrying out of
      all
      such terms and in the taking of all such actions as may be necessary or
      appropriate to protect the rights of Holder as set forth in this Warrant against
      impairment. Without limiting the generality of the foregoing, the Company will
      (a) not increase the par value of any Warrant Shares above the amount payable
      therefor upon such exercise immediately prior to such increase in par value,
      (b)
      take all such action as may be necessary or appropriate in order that the
      Company may validly and legally issue fully paid and nonassessable Warrant
      Shares upon the exercise of this Warrant, and (c) use commercially reasonable
      efforts to obtain all such authorizations, exemptions or consents from any
      public regulatory body having jurisdiction thereof as may be necessary to enable
      the Company to perform its obligations under this Warrant.

    

    Before
      taking any action which would result in an adjustment in the number of Warrant
      Shares for which this Warrant is exercisable or in the Exercise Price, the
      Company shall obtain all such authorizations or exemptions thereof, or consents
      thereto, as may be necessary from any public regulatory body or bodies having
      jurisdiction thereof.

    

    f)  Jurisdiction.
      All
      questions concerning the construction, validity, enforcement and interpretation
      of this Warrant shall be determined in accordance with the provisions of the
      Purchase Agreement.

    

    g)    
      Restrictions.
      The
      Holder acknowledges that the Warrant Shares acquired upon the exercise of this
      Warrant, if not registered, will have restrictions upon resale imposed by state
      and federal securities laws.

    

    h)    
      Nonwaiver
      and Expenses.
      No
      course of dealing or any delay or failure to exercise any right hereunder on
      the
      part of Holder shall operate as a waiver of such right or otherwise prejudice
      Holder’s rights, powers or remedies, notwithstanding the fact that all rights
      hereunder terminate on the Termination Date. If the Company willfully and
      knowingly fails to comply with any provision of this Warrant, which results
      in
      any material damages to the Holder, the Company shall pay to Holder such amounts
      as shall be sufficient to cover any costs and expenses including, but not
      limited to, reasonable attorneys’ fees, including those of appellate
      proceedings, incurred by Holder in collecting any amounts due pursuant hereto
      or
      in otherwise enforcing any of its rights, powers or remedies
      hereunder.

    

    i)  Notices.
      Any
      notice, request or other document required or permitted to be given or delivered
      to the Holder by the Company shall be delivered in accordance with the notice
      provisions of the Purchase Agreement.

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    

    j)  Limitation
      of Liability.
      No
      provision hereof, in the absence of any affirmative action by Holder to exercise
      this Warrant or purchase Warrant Shares, and no enumeration herein of the rights
      or privileges of Holder, shall give rise to any liability of Holder for the
      purchase price of any Common Stock or as a stockholder of the Company, whether
      such liability is asserted by the Company or by creditors of the
      Company.

    

    k)  Remedies.
      Holder,
      in addition to being entitled to exercise all rights granted by law, including
      recovery of damages, will be entitled to specific performance of its rights
      under this Warrant. The Company agrees that monetary damages would not be
      adequate compensation for any loss incurred by reason of a breach by it of
      the
      provisions of this Warrant and hereby agrees to waive the defense in any action
      for specific performance that a remedy at law would be adequate.

    

    l)  Successors
      and Assigns.
      Subject
      to applicable securities laws, this Warrant and the rights and obligations
      evidenced hereby shall inure to the benefit of and be binding upon the
      successors of the Company and the successors and permitted assigns of Holder.
      The provisions of this Warrant are intended to be for the benefit of all Holders
      from time to time of this Warrant and shall be enforceable by any such Holder
      or
      holder of Warrant Shares.

    

    m)  Amendment.
      This
      Warrant may be modified or amended or the provisions hereof waived with the
      written consent of the Company and the Holder.

    

    n)  Severability.
      Wherever possible, each provision of this Warrant shall be interpreted in such
      manner as to be effective and valid under applicable law, but if any provision
      of this Warrant shall be prohibited by or invalid under applicable law, such
      provision shall be ineffective to the extent of such prohibition or invalidity,
      without invalidating the remainder of such provisions or the remaining
      provisions of this Warrant.

    

    o) Headings.
      The
      headings used in this Warrant are for the convenience of reference only and
      shall not, for any purpose, be deemed a part of this Warrant.

     

    ********************

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF, the Company has caused this Warrant to be executed by its
      officer thereunto duly authorized.

    

    

    Dated:
      November __, 2005

     

    
      	 	
              SEQUIAM
                CORPORATION

            	 
	 	 	 	 
	 	 	 	 
	 	
              By:

            	   
	 
	 	 	
              Name:

            	 
	 	 	
              Title:

            	 

    

     

    
      
        
        

        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    NOTICE
      OF EXERCISE

    

    TO: [_______________________

    

    (1) The
      undersigned hereby elects to purchase ________ Warrant Shares of the Company
      pursuant to the terms of the attached Warrant (only if exercised in full),
      and
      tenders herewith payment of the exercise price in full, together with all
      applicable transfer taxes, if any.

    

    (2) Payment
      shall take the form of (check applicable box):

    

    o
in
      lawful money of the
      United States; or

    

    o
the
      cancellation of
      such number of Warrant Shares as is necessary, in accordance with the formula
      set forth in subsection 2(c), to exercise this Warrant with respect to the
      maximum number of Warrant Shares purchasable pursuant to the cashless exercise
      procedure set forth in subsection 2(c).

    

    (3) Please
      issue a certificate or certificates representing said Warrant Shares in the
      name
      of the undersigned or in such other name as is specified below:

    

    
      	 	
               

            	 

    

     

    

    The
      Warrant Shares shall be delivered to the following:

    

    
      	 	
               

            	 
	 	 	 
	 	
               

            	 
	 	 	 
	 	
               

            	 

    

    

    (4)
      Accredited
      Investor.
      The
      undersigned is an “accredited investor” as defined in Regulation D promulgated
      under the Securities Act of 1933, as amended.

    

    [SIGNATURE
      OF HOLDER]

     

    
      	
              Name
                of Investing Entity: 

            	 
	
              Signature
                of Authorized Signatory of Investing Entity:
                

            	 
	
              Name
                of Authorized Signatory: 

            	 
	
              Title
                of Authorized Signatory: 

            	 
	
              Date:

            	
            

    

    

    

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

     

    ASSIGNMENT
      FORM

    

    (To
      assign the foregoing warrant, execute

    this
      form
      and supply required information.

    Do
      not
      use this form to exercise the warrant.)

    

    

    

    FOR
      VALUE
      RECEIVED, the foregoing Warrant and all rights evidenced thereby are hereby
      assigned to

    

    

    
      	
               

            	
              whose
                address is

            	 

    

    

    
      
        	
                .

              	 

      

     

    
      	
               

            	 

    

    

    
      	 	 Dated:	
               ,

            	 	
               

            	 

    

    

    

    
      	 	
              Holder’s
                Signature:

            	 	
               

            	 

    

    

    
      	 	
              Holder’s
                Address:

            	 	
               

            	 

    

    

    
      	 	
               

            	 

    

    

    

    

    
      	
              Signature
                Guaranteed: 

            	
               

            	 

    

    

    

    NOTE:
      The
      signature to this Assignment Form must correspond with the name as it appears
      on
      the face of the Warrant, without alteration or enlargement or any change
      whatsoever, and must be guaranteed by a bank or trust company. Officers of
      corporations and those acting in a fiduciary or other representative capacity
      should file proper evidence of authority to assign the foregoing
      Warrant.

     

    16Exhibit 10.1

    
      

    

    Exhibit
      10.1

     

    ESCROW
      DEPOSIT AGREEMENT

    

    THIS
      ESCROW AGREEMENT (the “Agreement”)
      dated
      this ___ day of November 2005, by and between vFinance Investments, Inc., a
      Florida corporation (“vFinance”
or
      “Placement
      Agent”),
      having an address at 830 3rd
      Avenue,
      New York, New York 10022, Sequiam Corporation, a California corporation (the
      “Company”),
      having an office at 300 Sunport Lane, Orlando, Florida 32809 and SIGNATURE
      BANK
      (“Signature
      Bank”
or
      the
“Escrow
      Agent”),
      a New
      York State chartered bank and having an office at, 261 Madison Avenue, New
      York,
      New York 10016. Capitalized
      terms used but not defined herein shall have the meanings set forth in the
      Purchase Agreement referred to in the first recital.

    

    W I T N E S S E T H:

    

    WHEREAS,
      pursuant to the terms of the initial Securities Purchase Agreement, dated
      November __, 2005 (the “Purchase
      Agreement”)
      and,
      as necessary, pursuant to the terms of additional Securities Purchase
      Agreements, on the same terms and conditions as the Purchase Agreement, entered
      into prior to December 30, 2005, the Company desires to sell (the “Offering”)
      a
      maximum of, in the aggregate, $1,575,000 (“Maximum
      Subscription Amount”)
      of
      securities of the Company; and

    

    WHEREAS,
      unless
      the Company consummates the Offering by December 30, 2005 (the “Termination
      Date”),
      the
      Offering will terminate and all funds will be returned to the Purchasers
      (hereinafter defined); and

    

    WHEREAS,
      the
      Company and Placement Agent desire to establish an escrow account with the
      Escrow Agent into which the Company and Placement Agent shall instruct
      purchasers introduced to the Company by Placement Agent (the “Purchasers”)
      to
      deposit checks and other instruments for the payment of money made payable
      to
      the order of “Signature Bank as Escrow Agent for Sequiam Corporation” and Escrow
      Agent is willing to accept said checks and other instruments for the payment
      of
      money in accordance with the terms hereinafter set forth; and

    

    WHEREAS,
      the
      Company and Placement Agent represent and warrant to the Escrow Agent that
      they
      have not stated to any individual or entity that the Escrow Agent’s duties will
      include anything other than those duties stated in this Agreement;
      and

    

    WHEREAS,
      the
      Company and
      Placement Agent warrant to the Escrow Agent that a copy of each document that
      has been delivered to Purchasers and third parties that include Escrow Agent’s
      name and duties, has been attached hereto as Schedule
      I.

    

    NOW,
      THEREFORE, IT IS AGREED
      as
      follows:

    

    1.    Delivery
      of Escrow Funds.

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    (a)    Placement
      Agent and the Company shall instruct Purchasers to deliver to Escrow Agent
      checks made payable to the order of “Signature Bank, as Escrow Agent for Sequiam
      Corporation,” or wire
      transfer to Signature Bank, 261 Madison Avenue, New York, New York 10016, ABA
      No. 026013576 for credit to Signature Bank, as Escrow Agent for Sequiam
      Corporation, Account No. 1500716173,
      in each
      case, with the name, address and social security number or taxpayer
      identification number of the individual or entity making payment. In the event
      any Purchaser’s address and/or social security number or taxpayer identification
      number are not provided to Escrow Agent by the Purchaser, then Placement Agent
      and/or the Company agree to promptly provide Escrow Agent with such information
      in writing. The checks or wire transfers shall be deposited into a non
      interest-bearing account at Signature Bank entitled “Signature Bank, as Escrow
      Agent for Sequiam Corporation” (the “Escrow
      Account”).

    

    (b)    The
      collected funds deposited into the Escrow Account are referred to as the
“Escrow
      Funds.”

    

    (c)    The
      Escrow Agent shall have no duty or responsibility to enforce the collection
      or
      demand payment of any funds deposited into the Escrow Account. If, for any
      reason, any check deposited into the Escrow Account shall be returned unpaid
      to
      the Escrow Agent, the sole duty of the Escrow Agent shall be to return the
      check
      to the Purchaser and advise the Company and Placement Agent promptly
      thereof.

    

    2.    Release
      of Escrow Funds.
      The
      Escrow Funds shall be paid by the Escrow Agent in accordance with the
      following:

    

    (a)    In
      the
      event that the Company and Placement Agent advise the Escrow Agent in writing
      that the Offering has been terminated (the “Termination
      Notice”),
      the
      Escrow Agent shall promptly return the funds paid by each Purchaser to said
      Purchaser without interest or offset.

    

    (b)    The
      Escrow Agent shall, upon receipt of written instructions, in the form of
Exhibit
      A
      attached
      hereto or in form and substance satisfactory to the Escrow Agent, received
      from
      the Company and Placement Agent, pay the Escrow Funds in accordance with such
      written instructions, such payment or payments to be made by wire transfer
      within one (1) business day of receipt of such written
      instructions.

    

    (c)    If
      by
      3:00 P.M. Eastern time on the Termination Date, the Escrow Agent has not
      received written instructions from the Company and Placement Agent regarding
      the
      disbursement of the Escrow Funds, then the Escrow Agent shall promptly return
      the Escrow Funds to the Purchasers without interest or offset. The Escrow Funds
      returned to each Purchaser shall be free and clear of any and all claims of
      the
      Escrow Agent.

    

    (d)    Following
      the distribution of the Escrow Funds by the Escrow Agent in accordance with
      (b)
      of this Section 2 through the Termination Date, the Escrow Agent shall from
      time
      to time distribute any additional Escrow Funds, by wire transfer or bank check,
      in accordance with written instructions received from the Placement Agent and
      the company in the form of Exhibit
      A
      or in
      form and substance satisfactory to the Escrow Agent.

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    (e)    The
      Escrow Agent shall not be required to pay any uncollected funds or any funds
      that are not available for withdrawal.

    

    (f)    If
      the
      Termination Date or any date that is a deadline under this Agreement for giving
      the Escrow Agent notice or instructions or for the Escrow Agent to take action
      is not a Banking Day, then such date shall be the Banking Day that immediately
      preceding that date. A Banking Day is any day other than a Saturday, Sunday
      or a
      day that a New York State chartered bank is not legally obligated to be
      opened.

    

    3.    Acceptance
      by Escrow Agent.
      The
      Escrow Agent hereby accepts and agrees to perform its obligations hereunder,
      provided that:

    

    (a)    The
      Escrow Agent may act in reliance upon any signature believed by it to be
      genuine, and may assume that any person who has been designated by Placement
      Agent or the Company to give any written instructions, notice or receipt, or
      make any statements in connection with the provisions hereof has been duly
      authorized to do so. Escrow Agent shall have no duty to make inquiry as to
      the
      genuineness, accuracy or validity of any statements or instructions or any
      signatures on statements or instructions. The names and true signatures of
      each
      individual authorized to act singly on behalf of the Company and Placement
      Agent
      are stated in Schedule
      II,
      which
      is attached hereto and made a part hereof. The Company and Placement Agent
      may
      each remove or add one or more of its authorized signers stated on Schedule
      II
      by notifying the Escrow Agent of such change in accordance with this Agreement,
      which notice shall include the true signature for any new authorized
      signatories.

    

    (b)    The
      Escrow Agent may act relative hereto in reliance upon advice of counsel in
      reference to any matter connected herewith. The Escrow Agent shall not be liable
      for any mistake of fact or error of judgment or law, or for any acts or
      omissions of any kind, unless caused by its willful misconduct or gross
      negligence.

    

    (c)    Placement
      Agent and the Company agree to indemnify and hold the Escrow Agent harmless
      from
      and against any and all claims, losses, costs, liabilities, damages, suits,
      demands, judgments or expenses (including but not limited to reasonable
      attorney’s fees) claimed against or incurred by Escrow Agent arising out of or
      related, directly or indirectly, to this Escrow Agreement unless caused by
      the
      Escrow Agent’s gross negligence or willful misconduct.

    

    (d)    In
      the
      event that the Escrow Agent shall be uncertain as to its duties or rights
      hereunder, the Escrow Agent shall be entitled to (i) refrain from taking any
      action other than to keep safely the Escrow Funds until it shall be directed
      otherwise by a court of competent jurisdiction, or (ii) deliver the Escrow
      Funds
      to a court of competent jurisdiction.

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    (e)    The
      Escrow Agent shall have no duty, responsibility or obligation to interpret
      or
      enforce the terms of any agreement other than Escrow Agent’s obligations
      hereunder, and the Escrow Agent shall not be required to make a request that
      any
      monies be delivered to the Escrow Account, it being agreed that the sole duties
      and responsibilities of the Escrow Agent shall be to the extent not prohibited
      by applicable law (i) to accept checks or other instruments for the payment
      of
      money and wire transfers delivered to the Escrow Agent for the Escrow Account
      and deposit said checks and wire transfers into the non-interest bearing Escrow
      Account, and (ii) to disburse or refrain from disbursing the Escrow Funds as
      stated above, provided that the checks received by the Escrow Agent have been
      collected and are available for withdrawal.

    

    4.    Resignation
      and Termination of the Escrow Agent.
      The
      Escrow Agent may resign at any time by giving 30 days’ prior written notice of
      such resignation to Placement Agent and the Company. Upon providing such notice,
      the Escrow Agent shall have no further obligation hereunder except to hold
      as
      depositary the Escrow Funds that it receives until the end of such 30-day
      period. In such event, the Escrow Agent shall not take any action, other than
      receiving and depositing Purchasers checks and wire transfers in accordance
      with
      this Agreement, until the Company has designated a banking corporation, trust
      company, attorney or other person as successor. Upon receipt of such written
      designation signed by Placement Agent and the Company, the Escrow Agent shall
      promptly deliver the Escrow Funds to such successor and shall thereafter have
      no
      further obligations hereunder. If such instructions are not received within
      30
      days following the effective date of such resignation, then the Escrow Agent
      may
      deposit the Escrow Funds held by it pursuant to this Agreement with a clerk
      of a
      court of competent jurisdiction pending the appointment of a successor. In
      either case provided for in this paragraph, the Escrow Agent shall be relieved
      of all further obligations and released from all liability thereafter arising
      with respect to the Escrow Funds.

    

    5.    Termination.
      The
      Company and Placement Agent may terminate the appointment of the Escrow Agent
      hereunder upon written notice specifying the date upon which such termination
      shall take effect, which date shall be at least 30 days from the date of such
      notice. In the event of such termination, the Company and Placement Agent shall,
      within 30 days of such notice, appoint a successor escrow agent and the Escrow
      Agent shall, upon receipt of written instructions signed by the Company and
      Placement Agent, turn over to such successor escrow agent all of the Escrow
      Funds; provided,
      however,
      that if
      the Company and Placement Agent fail to appoint a successor escrow agent within
      such 30-day period, such termination notice shall be null and void and the
      Escrow Agent shall continue to be bound by all of the provisions hereof. Upon
      receipt of the Escrow Funds, the successor escrow agent shall become the escrow
      agent hereunder and shall be bound by all of the provisions hereof and Signature
      Bank shall be relieved of all further obligations and released from all
      liability thereafter arising with respect to the Escrow Funds and under this
      Agreement.

    

    6.        Investment.
      All
      funds received by the Escrow Agent shall be invested only in non-interest
      bearing bank accounts at Signature Bank.

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    7.        Compensation.
      Escrow
      Agent shall be entitled, for the duties to be performed by it hereunder, to
      a
      fee of $2,500, which fee shall be paid by the Company upon the signing of this
      Agreement. In addition, the
      Company shall be obligated to reimburse Escrow Agent for all fees, costs and
      expenses incurred or that become due in connection with this Agreement or the
      Escrow Account, including reasonable attorney’s fees. Neither the modification,
      cancellation, termination or rescission of this Agreement nor the resignation
      or
      termination of the Escrow Agent shall affect the right of Escrow Agent to retain
      the amount of any fee which has been paid, or to be reimbursed or paid any
      amount which has been incurred or becomes due, prior to the effective date
      of
      any such modification, cancellation, termination, resignation or rescission.
      To
      the extent the Escrow Agent has incurred any such expenses, or any such fee
      becomes due, prior to any closing, the Escrow Agent shall advise the Company
      and
      the Company shall direct all such amounts to be paid directly at any such
      closing.

    

    8.        Notices.
      All
      notices, requests, demands and other communications required or permitted to
      be
      given hereunder shall be in writing and shall be deemed to have been duly given
      if sent by hand-delivery, by facsimile (followed by first-class mail), by
      nationally recognized overnight courier service or by prepaid registered or
      certified mail, return receipt requested, to the addresses set forth
      below:

    

    If
      to
      Placement Agent:

    

    vFinance
      Investments, Inc.

    880
      Third
      Avenue, 12th
      Floor

    New
      York,
      New York 10022

    Attention:
      Jonathan Rich

    Fax:
      (212) 380 2828

    

     

    If
      to the
      Company:

    

    
      	 	 
	 	 
	
              Attention:
                

            	 	 	 
	Fax: 	 	 	 

    

     

     

    If
      to
      Escrow Agent:

    

    Signature
      Bank

    261
      Madison Avenue

    New
      York,
      New York 10016

    Attention:
      Cliff
      Broder, Senior Vice President

    Fax:
      (646) 822-1359

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    9.       
 General.

    

    (a)    This
      Agreement shall be governed by and construed and enforced in accordance with
      the
      laws of the State of New York applicable to agreements made and to be entirely
      performed within such State, without regard to choice of law
      principles.

    

    (b)    This
      Agreement sets forth the entire agreement and understanding of the parties
      with
      respect to the matters contained herein and supersedes all prior agreements,
      arrangements and understandings relating thereto.

    

    (c)    All
      of
      the terms and conditions of this Agreement shall be binding upon, and inure
      to
      the benefit of and be enforceable by, the parties hereto, as well as their
      respective successors and assigns.

    

    (d)    This
      Agreement may be amended, modified, superseded or canceled, and any of the
      terms
      or conditions hereof may be waived, only by a written instrument executed by
      each party hereto or, in the case of a waiver, by the party waiving compliance.
      The failure of any party at any time or times to require performance of any
      provision hereof shall in no manner affect its right at a later time to enforce
      the same. No waiver of any party of any condition, or of the breach of any
      term
      contained in this Agreement, whether by conduct or otherwise, in any one or
      more
      instances shall be deemed to be or construed as a further or continuing waiver
      of any such condition or breach or a waiver of any other condition or of the
      breach of any other term of this Agreement. No party may assign any rights,
      duties or obligations hereunder unless all other parties have given their prior
      written consent.

    

    (e)    If
      any
      provision included in this Agreement proves to be invalid or unenforceable,
      it
      shall not affect the validity of the remaining provisions.

    

    (f)    This
      Agreement and any modification or amendment of this Agreement may be executed
      in
      several counterparts or by separate instruments and all of such counterparts
      and
      instruments shall constitute one agreement, binding on all of the parties
      hereto.

    

    10.      Form
      of Signature.
      The
      parties hereto agree to accept a facsimile transmission copy of their respective
      actual signatures as evidence of their actual signatures to this Agreement
      and
      any modification or amendment of this Agreement; provided,
      however,
      that
      each party who produces a facsimile signature agrees, by the express terms
      hereof, to place, promptly after transmission of his or her signature by fax,
      a
      true and correct original copy of his or her signature in overnight mail to
      the
      address of the other party.

    

    

    ******************************

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF,
      the
      parties have duly executed this Agreement as of the date first set forth
      above.

    

    

    
      
        	
                SEQUIAM
                  CORPORTION

              	 	
                VFINANCE
                  INVESTMENTS, INC.

              
	 	 	 	 	 
	 	 	 	 	 
	
                By:
                  

              	
                 

              	 	
                By:
                  

              	
                 

              
	 	
                Name:
                  

              	 	 	
                Name:
                  

              
	 	
                Title:
                  

              	 	 	
                Title:
                  

              

      

    

    

    SIGNATURE
      BANK

    

    

    
      	
              By:
                

            	
               

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 
	 	 	 
	 	 	 
	
              By:
                

            	
               

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 

    

    

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

    

     

    Schedule
      I

    

    

    OFFERING
      DOCUMENTS

    

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

    

     

    Schedule
      II

    

    

    The
      Escrow Agent is authorized to accept instructions signed or believed by the
      Escrow Agent to be signed by any one of the following on behalf of the Company
      and Placement Agent.

    

    
 

    Sequiam
      Corporation

    

     

    
      	
              Name

            	 	
              True
                Signature

            
	 	 	 
	 	 	 
	
               

            	 	
               

            

    

    

     

    vFinance
      Investments, Inc.

    

     

    
      	
              Name

            	 	
              True
                Signature

            
	 	 	 
	 	 	 
	
               

            	 	
               

            
	 	 	 
	
               

            	 	
               

            
	 	 	 

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    Exhibit
      A

    

    INSTRUCTIONS
      TO DISBURSE ESCROW FUNDS

     

    Date:
      

    

    SIGNATURE
      BANK

    261
      Madison Avenue

    New
      York,
      N.Y. 10016

    Attn:
      Cliff Broder, Senior Vice President

    

    Dear
      Mr.
      Broder:

    

    In
      accordance with the terms of paragraph 2(_) of an Escrow Deposit Agreement
      dated
      ___ _______, by and among Sequiam Corporation (the “Company”), vFinance
      Investments, Inc. (“Placement Agent”), and Signature Bank (the “Escrow Agent”),
      the Company and Placement Agent hereby notifies the Escrow Agent that
      the
      ________ closing will be held on ___________ for gross proceeds of
      $_________.

    

    PLEASE
      DISTRIBUTE FUNDS BY WIRE TRANSFER OR CHECK OR TRANSFER AS FOLLOWS (wire
      instructions attached if applicable):

    

    

    
      	
              Sequiam
                Corporation

            	 	
              $

            
	 	 	 
	 	 	 
	
              vFinance
                Investments, Inc

            	 	
              $

            
	 	 	 
	
               

            	 	
              $

            

    

    

    

    Very
      truly yours,

    

    
      	
              Sequiam
                Corporation

            	 
	 	 	 
	
              By:

            	
               

            	 
	
              Name:

            	
               

            	 
	
              Title:

            	
               

            	 
	 	 	 
	
              vFinance
                Investments, Inc.

            	 
	 	 	 
	
              By:

            	
               

            	 
	
              Name:

            	
               

            	 
	
              Title:

            	
               

            	 

    

     

     

    10

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