Document:

Exhibit 10.6

EXHIBIT
10.6

AMENDED
AND RESTATED GRANT OF SECURITY INTEREST 

IN
PATENTS AND TRADEMARKS

THIS
AMENDED AND RESTATED GRANT OF SECURITY INTEREST (“Grant”), effected as of May
18, 2005, is executed by Sequiam Sports, Inc., a Delaware corporation (“Sequiam
Sports”), in favor of Lee Harrison Corbin, Attorney in-Fact for the Trust Under
the Will of John Svenningsen (the “Secured Party”).

 

A.    This
Grant is being entered into in connection with the Secured Party’s (defined
above) agreement to advance an amount to Laurus Master Fund Ltd (“Laurus”),
sufficient to repay the remaining debt to Laurus in accordance with the terms of
the Assignment, Assumption and Release with Laurus, and in connection therewith,
Laurus has agreed to assign to the Secured Party all of Laurus’ rights under
that certain Securities Purchase Agreement, dated April 27, 2004, by and between
the Company (defined below) and Laurus, as amended and the Loan Documents, a
defined in the Securities Purchase Agreement, of even date herewith, between
Sequiam Corporation, a California corporation and the Secured Party, which
includes that certain Grant of Security Interest in Patents and Trademarks,
dated as of April 27, 2004, between Laurus and Sequiam Sports (the “Original
Agreement”), such that the Trust shall stand in the place of Laurus thereunder.
In connection therewith, the Secured Party and Sequiam Sports now wish to amend
and restate the Original Agreement as provided herein.

B.    Pursuant
to that certain Amended and Restated Master Security Agreement dated as of the
date hereof (as amended, restated, supplemented or otherwise modified from time
to time, the “Security Agreement”) among Sequiam Sports, certain other Assignors
(as defined in the Security Agreement), and the Secured Party, the terms and
provisions of which are hereby incorporated herein as if fully set forth herein,
Sequiam Sports and the other Assignors have granted a security interest to the
Secured Party in consideration of the Secured Party’s agreement to provide loans
to Sequiam Corporation.

C.    Sequiam
Sports (1) has adopted, used and is using the trademarks reflected in the
trademark registrations and trademark applications in the United States Patent
and Trademark Office more particularly described on Schedule
1 annexed
hereto as part hereof (the “Trademarks”), and (2) has registered or applied for
registration in the United States Patent and Trademark Office of the patents
more particularly described on Schedule
2 annexed
hereto as part hereof (the “Patents”).

D.    Sequiam
Sports wishes to confirm its grant to the Secured Party of a security interest
in all right, title and interest of Sequiam Sports in and to the Trademarks and
Patents, and all proceeds thereof, together with the business as well as the
goodwill of the business symbolized by, or related or pertaining to, the
Trademarks, and the customer lists and records related to the Trademarks and
Patents and all causes of action which may exist by reason of infringement of
any of the Trademarks and Patents (collectively, the “T&P Collateral”), to
secure the payment, performance and observance of the Obligations (as that term
is defined in the Security Agreement).

NOW,
THEREFORE, for good and valuable consideration, receipt of which is hereby
acknowledged:

1.    Sequiam
Sports does hereby further grant to the Secured Party a security interest in the
T&P Collateral to secure the full and prompt payment, performance and
observance of the Obligations.

2.    Sequiam
Sports agrees to perform, so long as the Security Agreement is in effect, all
acts deemed necessary or desirable by the Secured Party to permit and assist it,
at Sequiam Sports’ expense, in obtaining and enforcing the Trademarks and
Patents in any and all countries. Such acts may include, but are not limited to,
execution of documents and assistance or cooperation in legal proceedings.
Sequiam Sports hereby appoints the Secured Party as Sequiam Sports’
attorney-in-fact to execute and file any and all agreements, instruments,
documents and papers as the Secured Party may determine to be necessary or
desirable to evidence the Secured Party’s security interest in the Trademarks
and Patents or any other element of the T&P Collateral, all acts of such
attorney-in-fact being hereby ratified and confirmed.

3.    Sequiam
Sports acknowledges and affirms that the rights and remedies of the Secured
Party with respect to the security interest in the T&P Collateral granted
hereby are more fully set forth in the Security Agreement and the rights and
remedies set forth herein are without prejudice to, and are in addition to,
those set forth in the Security Agreement. In the event that any provisions of
this Grant are deemed to conflict with the Security Agreement, the provisions of
the Security Agreement shall govern.

4.    Sequiam
Sports agrees to execute financing statements or other instruments to the extent
required by the Uniform Commercial Code and in executing such other documents or
instruments as may be required or deemed necessary by you for purposes of
affecting or continuing your security interest in the T&P
Collateral.

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

2

IN
WITNESS WHEREOF, Sequiam Sports has caused this instrument to be executed as of
the day and year first above written.

	 	
      SEQUIAM
      SPORTS, INC.

	 	 	 
	 	
      By:
      
	
      /s/
      Nicholas VandenBrekel

	 	
      Name:
	
      Nicholas
      VandenBrekel

	 	
      Title:
	
      CEO

 

3

SCHEDULE
1 

REGISTERED
TRADEMARKS AND TRADEMARK APPLICATIONS

	Trademark
	Registration
      or

      Application
      Number
	Registration
      or

      Application
      Date
	Country

	QUESTprint
	76315067
	09/20/01
	USA

	 	 	 	 
	 	 	 	 
	 	 	 	 

 

SCHEDULE
2 

PATENTS
AND PATENT APPLICATIONS

	Patent
	Registration
      or

      Application
      Number
	Registration
      or

      Application
      Date
	Country

	
      None.
	 	 	 
	 	 	 	 

 

 

	
      STATE
      OF FLORIDA
	
      )

	 	
      )
      ss.:

	
      COUNTY
      OF ORANGE
	
      )

On this
18th day of May 2005, before me personally came Nicholas Vandenbrekel who, being
by me duly sworn, did state as follows: that he is CEO of Sequiam Sports, Inc.
that he is authorized to execute the foregoing Grant on behalf of said
corporation and that he did so by authority of the Board of Directors of said
corporation.

	 	
      /s/
      Marion N. Baker

	 	
      Notary
      PublicExhibit 10.7

EXHIBIT
10.7

AMENDED
AND RESTATED GRANT OF SECURITY INTEREST 

IN
PATENTS AND TRADEMARKS

THIS
AMENDED AND RESTATED GRANT OF SECURITY INTEREST (“Grant”), effected as of May
18, 2005, is executed by Sequiam Biometrics, Inc., a Florida corporation
(“Sequiam Biometrics”), in favor of Lee Harrison Corbin, Attorney in-Fact for
the Trust Under the Will of John Svenningsen (the “Secured Party”).

 

A.    This
Grant is being entered into in connection with the Secured Party’s (defined
above) agreement to advance an amount to Laurus Master Fund Ltd (“Laurus”),
sufficient to repay the remaining debt to Laurus in accordance with the terms of
the Assignment, Assumption and Release with Laurus, and in connection therewith,
Laurus has agreed to assign to the Secured Party all of Laurus’ rights under
that certain Securities Purchase Agreement, dated April 27, 2004, by and between
the Company (defined below) and Laurus, as amended and the Loan Documents, a
defined in the Securities Purchase Agreement, of even date herewith, between
Sequiam Corporation, a California corporation and the Secured Party, which
includes that certain Grant of Security Interest in Patents and Trademarks,
dated as of April 27, 2004, between Laurus and Sequiam Biometrics (the “Original
Agreement”), such that the Trust shall stand in the place of Laurus thereunder.
In connection therewith, the Secured Party and Sequiam Biometrics now wish to
amend and restate the Original Agreement as provided herein.

B.    Pursuant
to that certain Amended and Restated Master Security Agreement dated as of the
date hereof (as amended, restated, supplemented or otherwise modified from time
to time, the “Security Agreement”) among Sequiam Biometrics, certain other
Assignors (as defined in the Security Agreement), and the Secured Party, the
terms and provisions of which are hereby incorporated herein as if fully set
forth herein, Sequiam Biometrics and the other Assignors have granted a security
interest to the Secured Party in consideration of the Secured Party’s agreement
to provide loans to Sequiam Corporation.

C.    Sequiam
Biometrics (1) has adopted, used and is using the trademarks reflected in the
trademark registrations and trademark applications in the United States Patent
and Trademark Office more particularly described on Schedule
1 annexed
hereto as part hereof (the “Trademarks”), and (2) has registered or applied for
registration in the United States Patent and Trademark Office of the patents
more particularly described on Schedule
2 annexed
hereto as part hereof (the “Patents”).

D.    Sequiam
Biometrics wishes to confirm its grant to the Secured Party of a security
interest in all right, title and interest of Sequiam Biometrics in and to the
Trademarks and Patents, and all proceeds thereof, together with the business as
well as the goodwill of the business symbolized by, or related or pertaining to,
the Trademarks, and the customer lists and records related to the Trademarks and
Patents and all causes of action which may exist by reason of infringement of
any of the Trademarks and Patents (collectively, the “T&P Collateral”), to
secure the payment, performance and observance of the Obligations (as that term
is defined in the Security Agreement).

NOW,
THEREFORE, for good and valuable consideration, receipt of which is hereby
acknowledged:

1.    Sequiam
Biometrics does hereby further grant to the Secured Party a security interest in
the T&P Collateral to secure the full and prompt payment, performance and
observance of the Obligations.

2.    Sequiam
Biometrics agrees to perform, so long as the Security Agreement is in effect,
all acts deemed necessary or desirable by the Secured Party to permit and assist
it, at Sequiam Biometrics’ expense, in obtaining and enforcing the Trademarks
and Patents in any and all countries. Such acts may include, but are not limited
to, execution of documents and assistance or cooperation in legal proceedings.
Sequiam Biometrics hereby appoints the Secured Party as Sequiam Biometrics’
attorney-in-fact to execute and file any and all agreements, instruments,
documents and papers as the Secured Party may determine to be necessary or
desirable to evidence the Secured Party’s security interest in the Trademarks
and Patents or any other element of the T&P Collateral, all acts of such
attorney-in-fact being hereby ratified and confirmed.

3.    Sequiam
Biometrics acknowledges and affirms that the rights and remedies of the Secured
Party with respect to the security interest in the T&P Collateral granted
hereby are more fully set forth in the Security Agreement and the rights and
remedies set forth herein are without prejudice to, and are in addition to,
those set forth in the Security Agreement. In the event that any provisions of
this Grant are deemed to conflict with the Security Agreement, the provisions of
the Security Agreement shall govern.

4.    Sequiam
Biometrics agrees to execute financing statements or other instruments to the
extent required by the Uniform Commercial Code and in executing such other
documents or instruments as may be required or deemed necessary by you for
purposes of affecting or continuing your security interest in the T&P
Collateral.

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

2

IN
WITNESS WHEREOF, Sequiam Biometrics has caused this instrument to be executed as
of the day and year first above written.

	 	
      SEQUIAM
      BIOMETRICS, INC.

	 	 	 
	 	
      By:
      
	
      /s/
      Nicholas VandenBrekel

	 	
      Name:
	
      Nicholas
      VandenBrekel

	 	
      Title:
	
      CEO

 

3

SCHEDULE
1

REGISTERED
TRADEMARKS AND TRADEMARK APPLICATIONS

 

	Trademark
	Registration
      or

      Application
      Number
	Registration
      or

      Application
      Date
	Country

	Bio
      Vault
	78230757
	03/27/03
	USA

	Smart
      Biometrics
	78230740
	03/27/03
	USA

	 	 	 	 
	 	 	 	 

 

SCHEDULE
2 

PATENTS
AND PATENT APPLICATIONS

	Patent
	Registration
      or

      Application
      Number
	Registration
      or

      Application
      Date
	Country

	High
      security storage unit and biometric entry system
	10/185,453
	06/28/02
	USA

	Fingerprint
      Biometric Lock
	10/358,013
	02/04/03
	USA

	 	 	 	 
	 	 	 	 

 

 

	
      STATE
      OF FLORIDA
	
      )

	 	
      )
      ss.:

	
      COUNTY
      OF ORANGE
	
      )

 

On this
18th day of May 2005, before me personally came Nicholas Vandenbrekel who, being
by me duly sworn, did state as follows: that he is CEO of Sequiam Biometrics,
Inc. that he is authorized to execute the foregoing Grant on behalf of said
corporation and that he did so by authority of the Board of Directors of said
corporation.

	 	
      /s/
      Marion N. Baker

	 	
      Notary
      Public

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