Document:

EXHIBIT  10.38
                                WARRANT AGREEMENT

                           TO PURCHASE COMMON STOCK OF

                               PHOTOLOFT.COM, INC.

THE  SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF  1933,  AS AMENDED (THE "SECURITIES ACT") OR THE SECURITIES LAWS OF ANY STATE
AND  ARE  BEING OFFERED AND SOLD IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT AND SUCH LAWS.  THE SECURITIES ARE SUBJECT TO
RESTRICTIONS  ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD
EXCEPT  AS  PERMITTED  UNDER  THE  SECURITIES  ACT  AND  SUCH  LAWS  PURSUANT TO
REGISTRATION  OR  AN  EXEMPTION  THEREFROM.

     This  Warrant  Agreement (the "Agreement") is entered into this ____ day of
December,  1999, by and between PhotoLoft.com ("PhotoLoft") and Barbara Marshall
("BUYER").  For  good and valuable consideration, the receipt and sufficiency of
which  is  hereby  acknowledged,  the  parties  agree  as  follows:

1.   Issuance  of  Warrants.  PhotoLoft,  subject  to  the  terms and conditions
     ----------------------
hereinafter  set  forth,  hereby  issues  to  BUYER warrants (the "Warrants") to
purchase  THIRTEEN  THOUSAND  (13,000)  shares  of  PhotoLoft  common stock (the
"Shares").  The  exercise  price  of  the Shares shall be $1.5317 per share (the
"Exercise  Price")  subject to adjustment in accordance with Paragraph 5 of this
Agreement.

2.   Term.  The Warrants may be  exercised  at any time after the Effective Date
     ----
set  forth  on the signature page hereof and before the expiration of sixty (60)
months  from  the  Effective  Date.

3.   Exercise.
     --------

     (a)     BUYER shall exercise the Warrants granted hereunder, in whole or in
part,  by  delivering  to PhotoLoft at the office of PhotoLoft, or at such other
address  as  PhotoLoft  may designate by notice in writing to the holder hereof,
the  Notice  of Exercise attached hereto as Exhibit A and incorporated herein by
                                            ---------
reference  and  a certified check or wire transfer in lawful money of the United
States  for  the  Exercise Price for the entire amount of the number of Warrants
being  exercised

     (b)     Upon  delivery  of  all  of the items set forth in (a) above, BUYER
shall  be  entitled  to  receive  a certificate or certificates representing the
Shares.  Such  Shares  shall  be  validly issued, fully paid and non-assessable.

                                        1
<PAGE>
     (c)     Warrants  shall  be deemed to have been exercised immediately prior
to  the close of business on the day of such delivery, and BUYER shall be deemed
the  holder  of  record  of the Shares issuable upon such exercise at such time.

     (d)     Upon  any  partial  exercise  of  the  Warrants,  at the request of
PhotoLoft,  this  Agreement  shall be surrendered and a new Agreement evidencing
the  right  to  purchase  the  number of Shares not purchased upon such exercise
shall  be  issued  to  BUYER.

4.   Representations  and  Warranties  of  BUYER.  BUYER  hereby  represents and
     -------------------------------------------
warrants  to  PhotoLoft  as  follows:

     (a)     Sophistication.  BUYER  has  (i) a preexisting personal or business
relationship  with  PhotoLoft  or  one  or  more  of its officers, directors, or
control  persons; or (ii) by reason of BUYER's business or financial experience,
or  by  reason  of  the business or financial experience or of BUYER's financial
advisor  who  is  unaffiliated  with  and  who  is  not compensated, directly or
indirectly,  by  PhotoLoft or any affiliate or selling agent of PhotoLoft, BUYER
is  capable  of  evaluating  the  risks  and  merits  of  this investment and of
protecting  BUYER's  own  interests  in  connection  with  this  investment.

     (b)     Accredited  Investor.     BUYER is an "accredited investor" as such
term  is  defined  under  Regulation D of the Securities Act of 1933, as amended
(the  "Securities  Act").

     (c)     Investment  Intent.  BUYER  is  purchasing  the  Warrants, and will
purchase  the  Shares  solely  for her own account for investment.  BUYER has no
present  intention  to  resell  or  distribute the Warrants or the Shares or any
portion  thereof.  The  entire  legal and beneficial interest of the Warrants is
being  purchased,  and  will  be  held, for BUYER's account only, and neither in
whole  or  in  part  for  any  other  person.

     (d)     Information  Concerning  Company.  BUYER  is  aware of the business
affairs  and  financial  condition  of  PhotoLoft  and  has  acquired sufficient
information  about  PhotoLoft  to make an informed and knowledgeable decision to
purchase  the  Warrants  and  the  Shares.

     (e)     Economic  Risk.  BUYER  realizes  that the purchase of the Warrants
and  the  Shares  will  be  a  highly speculative investment and involves a high
degree  of  risk.  BUYER  is able, without impairing its financial condition, to
hold  the  Warrants  and/or  the  Shares for an indefinite period of time and to
suffer  a  complete  loss  of  its  investment.

5.   Anti-dilution  Adjustments.  The  Warrants  granted  hereunder  and  the
     --------------------------
Exercise Price thereof shall be subject to adjustment from time to time upon the
happening  of  certain  events  as  set  forth  below.

     (a)     Stock  Splits  and  Dividends.  If  outstanding shares of PhotoLoft
Common  Stock  shall be subdivided into a greater number of shares or a dividend
in  Common Stock shall be paid in respect of Common Stock, the Exercise Price in

                                        2
<PAGE>
effect  immediately  prior  to  such  subdivision  or at the record date of such
dividend  shall  simultaneously  with  the  effectiveness of such subdivision or
immediately  after  the record date of such dividend be proportionately reduced.
If outstanding shares of Common Stock shall be combined into a smaller number of
shares,  the  Exercise  Price  in  effect  immediately prior to such combination
shall,  simultaneously  with  the  effectiveness  of  such  combination,  be
proportionately  increased.  When  any  adjustment is required to be made in the
Exercise  Price,  the  number  of  Shares  purchasable  upon the exercise of the
Warrants  shall  be  changed  to the number determined by dividing (i) an amount
equal  to  the  number  of  Shares  issuable  upon  the exercise of the Warrants
immediately prior to such adjustment, multiplied by the Exercise Price in effect
immediately  prior  to  such  adjustment,  by  (ii) the Exercise Price in effect
immediately  after  such  adjustment.

     (b)     Reclassification,  Etc.  In  case there occurs any reclassification
or  change  of  the outstanding securities of PhotoLoft or any reorganization of
PhotoLoft  (or any other corporation the stock or securities of which are at the
time  receivable  upon  the  exercise  of the Warrants) or any similar corporate
reorganization  on  or  after the date hereof, then and in each such case BUYER,
upon  the  exercise  hereof  at  any  time  after  the  consummation  of  such
reclassification,  change,  or  reorganization  shall be entitled to receive, in
lieu  of the stock or other securities and property receivable upon the exercise
hereof  prior to such consummation, the stock or other securities or property to
which  BUYER  would  have  been  entitled  upon  such  consummation if BUYER had
exercised  the  Warrants  immediately  prior  thereto,  all  subject  to further
adjustment  pursuant  to  the  provisions  of  this  Section.

     (c)     Adjustment Certificate.  When any adjustment is required to be made
in  the  Shares  or the Exercise Price pursuant to this Section, PhotoLoft shall
promptly  mail to BUYER a certificate setting forth (i) a brief statement of the
facts  requiring  such adjustment, (ii) the Exercise Price after such adjustment
and  (iii)  the  kind  and  amount of stock or other securities or property into
which  the  Warrants  shall  be  exercisable  after  such  adjustment.

6.   Reservation  of  Shares.  PhotoLoft  shall  at  all  times  keep reserved a
     -----------------------
sufficient  number  of  authorized  shares  of  Common  Stock to provide for the
exercise  of  the  Warrants  in  full.

7.   Transferability.  The  Warrants  issued  hereunder  and  any and all Shares
     ---------------
issued  upon  exercise  of  the  Warrants  shall be transferable on the books of
PhotoLoft  by the holder hereof in person or by duly authorized attorney subject
to  any restrictions imposed by applicable federal or state securities laws.  It
shall be a further condition to any transfer of the Warrants that the transferor
(if  any  portion of the Warrants are retained) and the transferee shall receive
and  accept new Warrants, of like tenor and date, executed by PhotoLoft, for the
portion  so  transferred  and for any portion retained, and shall surrender this
Agreement  executed.

8.   Voting.   Nothing  contained  in  this  Agreement  shall  be  construed  as
     ------
conferring upon BUYER the right to vote or to receive dividends or to consent or
receive  notice  as  a shareholder in respect to any meeting of shareholders for
the  election  of  directors of PhotoLoft or for any other purpose not specified
herein.

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<PAGE>
9.   Miscellaneous.
     -------------

     (a)     Amendment.  This  Agreement  may  be  amended  by written agreement
between  PhotoLoft  and  BUYER.

     (b)     Notice.  Any  notice, demand or request required or permitted to be
given under this Agreement will be in writing and will be deemed sufficient when
delivered  personally  or sent by telegram or forty-eight (48) hours after being
deposited  in  the  U.S.  mail,  as  certified  or  registered  mail,  or with a
commercial  courier  service,  with  postage  prepaid,  and  addressed,  if  to
PhotoLoft,  at  its principal place of business, attention the President, and if
to  BUYER,  at  BUYER's  address  as  shown  on  the stock records of PhotoLoft.

     (c)     Further  Assurances.     Both  parties  agree  to  execute  any
additional  documents  and  take  any further actions necessary to carry out the
purposes  of  this  Agreement.

     (d)     Severability.  If  any  provision  of this Agreement is held by any
court  of  competent  jurisdiction  to  be  illegal, unenforceable or void, such
provision  will  be  enforced  to  the  greatest  extent  possible and all other
provisions  of  this  Agreement  will  continue  in  full  force  and  effect.

     (e)     Governing  Law.  This Agreement will be interpreted and enforced in
accordance  with  California  law as applied to agreements made and performed in
California.

     (f)     Survival.  The representations and warranties of the parties hereto
set  forth  in  this Agreement shall survive the closing and consummation of the
transactions  contemplated  hereby for a period of three (3) years from the date
hereof.

     (g)     Entire  Agreement;  Successors and Assigns.  This Agreement and the
documents  and  instruments  attached  hereto  constitute  the  entire agreement
between BUYER and PhotoLoft relative to the subject matter hereof.  Any previous
agreements between the parties are superseded by this Agreement.  Subject to any
exceptions specifically set forth in this Agreement, the terms and conditions of
this  Agreement shall inure to the benefit of and be binding upon the respective
executors,  administrators,  heirs,  successors  and  assigns  of  the  parties.

     (h)     Counterparts.  This  Agreement  may  be  executed  in  two  or more
counterparts,  each  of  which  shall  be  deemed  an original, but all of which
together  shall  constitute  one  and  the  same  instrument.

     (i)     Headings.  The  headings  of the Sections of this Agreement are for
convenience  and  shall  not  by themselves determine the interpretation of this
Agreement.

     (j)     Attorney Fees.     If any action is brought to interpret or enforce
the  terms  of  this  Agreement,  the  prevailing  party in such action shall be
entitled  to  recover  its  attorneys fees and costs incurred in connection with
such  action.

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<PAGE>
     IN  WITNESS  WHEREOF,  the  parties hereto have caused this Agreement to be
signed and delivered by their duly authorized officers as of  December ___, 1999
(the  "Effective  Date").

PHOTOLOFT:                         PHOTOLOFT.COM,  INC.

                                   By:_______________________

                                   Its:______________________

BUYER:                             /s/  Barbara  Marshall
                                   ----------------------
                                   Barbara  Marshall

                                        5
<PAGE>
                                     WARRANT

                               NOTICE OF EXERCISE
                               ------------------

To:     PhotoLoft.com,  Inc.

     (1)     _______________  ("BUYER") hereby elects to purchase ______________
shares  of  Common  Stock  of  PhotoLoft.com, Inc. ("PhotoLoft") pursuant to the
terms  of  the Warrant Agreement dated December ___, 1999, and executed by BUYER
and  PhotoLoft,  and  tenders  herewith  payment  of the purchase price in full,
together  with  all  applicable  transfer  taxes,  if  any.

     (2)     Please issue a certificate or certificates representing said shares
in  the  name  of  BUYER.

BUYER:                                     _______________________________

<PAGE>EXHIBIT  10.39
                             SUBSCRIPTION AGREEMENT
                             BY PHOTOLOFT.COM, INC.

1.   SUBSCRIPTION.  The  undersigned,  Lisa  Marshall  and  Don  J  Welsh  (the
"Subscriber") hereby irrevocably subscribes for ONE HUNDRED SIXTY THREE THOUSAND
TWO HUNDRED SEVENTEEN and 00/100 (163,217) shares of Common Stock ("Sh-ares") of
PhotoLoft.com, Inc., a California cor-pora-tion (the "Com-pany"), at a price per
Share  of $1.5317 and for a total price of TWO HUNDRED FITY THOUSAND DOLLARS and
00/100  ($250,000.00).  This sub-scri-p-tion may be rejected in whole or in part
by  the  Company.

2.   REPRESENTATIONS,  WARRANTIES  AND  AGREEMENTS  BY  THE  SUBSCRIBER.  The
Subscriber  represents,  warrants  and  agrees  that:

     (a)     The Subscriber has received and carefully reviewed from the Company
all  material  documents  necessary  to  make  an  informed  investment decision
including  but not limited to the Company's Form 10-SB and understands the risks
associated  with  this  investment;

     (b)     All  of the information provided by the Sub-scriber in the Investor
                                                                        --------
Questionnaire  for  Individual Investors, attached hereto as Exhibit A, given to
----------------------------------------                     ---------
the  Company  or  its agents prior to the date hereof regarding the Subscriber's
ability to bear the risks of this investment and the Subscriber's sophistication
and experience as an investor, is true and correct as of the date this Agreement
is tendered to the Company.  The Subscriber shall promptly notify the Company in
writing  if any change in such information occurs after such tender and prior to
acceptance  hereof  by  the  Company;

     (c)     Subscriber  is advised that no federal or state agency has made any
recommendation  or  endorsement  of  the  Shares;

     (d)     The  Subscriber has a preexisting personal or business relationship
with  the  Company  or  with  any  of  its  offi-cers, directors, or controlling
persons,  or  by reason of the Subscriber's business or financial experience (or
the  business  or  financial  experience  of  his/her  authorized  investment
representative  who  is  unaffiliated  with  and  who  is not compensated by the
Com-pany  or  any  affiliate  or  selling  agent  of  the  Company,  directly or
indirectly) has the capacity to protect his/her own interests in connection with
this  investment;

     (e)     The  Subscriber  has  not  seen  or  received  any advertisement or
general  solicitation  with  respect  to  the  Shares;

     (f)     The  Subscriber  recognizes that the Company has limited net assets
and  a limited operating history, and that any investment in the Shares involves
a  high  degree  of  risk;

     (g)     The  Subscriber understands that there are substantial restrictions
on  sale,  assignment, transfer or any other disposition of the Shares, and that
the  Subscriber  may  not  be  able  to  liquidate  the Subscriber's investment;

<PAGE>
     (h)     The  Subscriber  is  a  resident  of  the state of Texas and, if an
individual,  is  twenty-one  (21)  years  of  age or over.  For purposes of this
section,  the  Subscrib-er  is  deemed  to  reside in the state where he/she has
his/her  principal  resi-dence at the time of both the offer and the sale of the
Shares;

     (i)     Either  the  Subscriber,  or the Subscriber's authorized investment
representative,  if  any,  has had the oppor-tunity for direct negotiations with
the  Company  with  regard  to  this  sub-scription and to ask questions of, and
receive answers from the representatives of the Company concerning the terms and
conditions  of  the  offering  and the Company, and has received all information
requested  by  the  Sub-scriber  regarding  the  offering,  the  Company and its
existing  and  planned  opera-tions  and  manage-ment;

     (j)     The  Shares  are  being purchased by the Sub-scriber and not by any
other  person,  with  the  Subscriber's  own funds and not with the funds of any
other  person  and for the Subscriber's own account, and not as a nominee, agent
or other-wise for the account of any other person (except for its princi-pal, in
the  case  of  an au-thorized investment representative).  On acceptance of this
Agre-ement,  no other person will have any interest, beneficial or otherwise, in
the  Shares.  The  Subscriber is not obligated to transfer all or any portion of
the  Shares  to  any  other person nor does the Subscriber have any agreement or
understanding to do so.  The Subscriber is purchas-ing the Shares for investment
for  an indefinite period and not with a view to the sale or distribution of any
part  or  all  there-of  by  public  or  private sale or other disposition.  The
Subscrib-er  has  no  inten-tion of selling, grant-ing any participa-tion in, or
otherwise  distributing  or  disposing  of  the Shares.  The Subscriber does not
intend  to  subdi-vide  the Subscriber's purchase of the Shares with any person;

     (k)     The  Subscriber  has  been  advised  that  the  Shares  issued  in
connec-tion with this offering have not been regis-tered with the Securities and
Exchange  Commission  under  the  Securities Act of 1933, as amended (the "Act);

     (l)     Subscriber  acknowledges  that,  either  directly  or  with  the
assistance  of  his/her  Purchaser  Representative,  if any, Subscriber has such
knowledge  and  experience in financial and business matters to make an informed
investment  decision based upon the information furnished to Subscriber and such
addi-tional  information  as Subscriber may have requested and received from the
Company  and  the  independent  inquiries  and  investigations  undertaken  by
Subscriber;

     (m)     The Company reserves the right to reject this subscription in whole
or  in  part.

3.   REPRESENTATIONS  AND  WARRANTIES  BY  THE  COMPANY.  The Company represents
and  warrants  that it has full legal and equitable title to the Shares, and has
not  in  whole  or  in  part  assigned,  pledged,  sold,  conveyed or other-wise
transferred  to  any  third  party  any  rights  in  such  Shares.

                                        2
<PAGE>
4.   PAYMENT OF SUBSCRIPTION.  The amount  of the  Sub-scriber's subscription is
set  forth above and the undersigned encloses payment of such amount herewith in
United States dollars by cash, check or money order payable to the Company.  The
Sub-scriber  recognizes  that  if the Subscriber's sub-scription is re-jected in
whole  or  in part, the funds delivered to the Com-pany for the rejected portion
of the subscription will be returned to the Subscriber by the Company as soon as
practica-ble  without  interest.

5.   APPLICATION  TO  FIDUCIARIES.  If  the  Subscriber is purchasing the Shares
in  a fiduciary capacity, the representa-tions, warranties and agreements of the
Subscriber  herein  shall be deemed to have been made on behalf of the person(s)
for whom the Subscriber is so purchasing, except that such person(s) need not be
over  twenty-one  (21)  years  of  age.

6.   CHANGES.  The  Subscriber  agrees  to notify the Company immediately if any
of  the  representations  and  warranties  made  by the Subscriber herein become
untrue.

7.   REGISTRATION  ON  COMPANY'S  RECORDS.  The  Sub-scriber's  Shares  will  be
owned  and  should  be  shown  on  the  Com-pany's  records  as set forth on the
signature  line  below.

8.   ENTIRE AGREEMENT.  This  Agreement  constitutes the entire agreement of the
parties  hereto  with  re-spect to the mat-ters set forth herein, and supersedes
all  prior  agreements,  nego-tiations,  or  discussions  with  respect  to such
matters.  No prior or concurrent representations or promises of any party hereto
or  any  of their respective agents or representa-tives shall consti-tute a part
of this Agreement, unless expressly so stated herein.  This Agreement may not be
altered,  modified,  amended,  changed, rescinded, or discharged, in whole or in
part,  except  by  a  writ-ing  executed  by  the  parties.

9.   COVENANTS AND CONDITIONS.  Should  any  covenant or other provision of this
Agreement  be  held by a court of competent jurisdiction to be invalid, illegal,
or  unenforceable  by  reason  of  a  rule  of  law  or public policy, all other
conditions  and  pro-visions of this Agreement shall nevertheless remain in full
force  and  effect.  No  covenant  or provision hereof shall be deemed dependent
upon  any  other  covenant  or  provision  unless  so  expressly  stated herein.

10.   CALIFORNIA  LAW  TO GOVERN.  This  Agreement  shall be deemed entered into
in  the  State  of California, and shall be governed and construed in accordance
with  the  internal laws of the State of California applicable to contracts made
and  to  be  performed  in  the  State  of  California.

11.   NOTICES.  All  notices  and  demands  of  every  kind  shall be personally
delivered  or  sent by first class mail to the parties at their addresses stated
below.  Any  such  notice  or  demand  shall  be  effective  and deemed received
immediately  upon personal service or three (3) days after deposit in the United
States  mail, as the case may be.  Any party hereto may re-desig-nate an address
for  notices  or  demands in writing, delivered or mailed in accordance with the
terms  hereof.

                                        3
<PAGE>
12.   SECTION  HEADINGS.  The  section  headings  in  this  Agreement  are  for
convenience  of  reference  only,  and shall not in any way limit or amplify the
terms and provisions hereof, or enter into the interpretation of this Agreement.

13.   COUNTERPARTS.  This  Agreement  may  be  executed  in  any  number  of
counterparts,  each  of  which  shall  be  deemed  an  original but all of which
together  shall  constitute  one  and  the same instrument, and, in making proof
hereof,  it  shall not be necessary to produce or account for more than one such
counter-part.

14.   INTERPRETATION.  As  used  in  this  Agreement, the masculine, feminine or
neuter  gender,  and  the  singular  or  plural  number, shall each be deemed to
include  the  others  whenever  the  context  so  indicates.

15.   MISCELLANEOUS.  This  Agreement  shall  inure  to  the  benefit  of and be
binding  upon  the  heir and personal representa-tives of the Subscriber and the
successors  and  assigns  of  the  Company,  subject  to  the  restrictions upon
assignment  set  forth  herein.  Time  is  agreed  to  be  of  the  essence.

     IN  WITNESS  WHEREOF, the Subscriber has duly executed this Agreement as of
the  ___ day of ______________, 1999, and rendered this Agreement to the Company
this  day  of,  1999.

                              /s/  Lisa  Marshall
                              -------------------
                              /s/  Don  J.  Welsh
                              -------------------
                              Authorized  Signature  of  Subscriber

                                        4
<PAGE>

/_/  Individual  Ownership                      ________________________________
                                                Subscriber's  Social  Security
                                                or  Federal  Tax  Identification
                                                Number(s)

/_/  Joint  Tenants  with
     Right  of  Survivorship                    ________________________________
                                                Subscriber's  Home  Telephone
                                                Number  and  Area  Code
/_/  Tenants  in  Common
     (both  parties  must
     sign)

/_/  Community  Property
     (both  signatures
     required)

/_/  General  Partnership
     (Managing  Partner  must
     sign;  if  no  Managing
     Partner,  all  partners
     must  sign)

/_/  Corporation
     (authorized  officer
     must  sign)

/_/  Trust
     (Authorized  trustee(s)  must  sign)

Cash,  check  or  money  order  enclosed:  $______________

ACCEPTED:                              PHOTOLOFT,  INC.:

Dated:_____________,  1999             By:  /s/  Jack  Marshall

Address  for  Notices:                 Its:  Jack  Marshall,  President

____________________________

                                        5
<PAGE>

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