Document:

Exhibit 10.13

                             SUBORDINATION AGREEMENT

     This  Subordination  Agreement (this "Agreement") is entered into as of the
27th  day  of  April,  2004, by and among Mark Mroczkowski and Nick VandenBrekel
(Mark  Mroczkowski  and Nick VandenBrekel are collectively referred to herein as
the "Subordinated Lenders" and each, a "Subordinated Lender"), and Laurus Master
Fund,  Ltd. (the "Senior Lender").  Unless otherwise defined herein, capitalized
terms  used  herein shall have the meaning provided such terms in the Securities
Purchase  Agreement  referred  to  below.

                                   BACKGROUND

     WHEREAS,  the  Senior  Lender  has to make a loan to Sequiam Corporation, a
California  corporation  (the "Company") pursuant to, and in accordance with (i)
that  certain  Securities  Purchase  Agreement,  dated  as of April 27, 2004 (as
amended,  modified  or  supplemented from time to time, the "Securities Purchase
Agreement"),  by  and  between  the  Company  and the Senior Lender and (ii) the
Related  Agreements  referred  to  in  the  Securities  Purchase  Agreement.

     WHEREAS,  the  Subordinated  Lenders are senior officers of the Company and
(I)  the  Company  currently  owes  (x)  Mark Mroczkowski an aggregate amount of
$627,813  in  respect  of accrued and unpaid salaries earned by him and (y) Nick
VandenBrekel  an  aggregate  amount of $676,979 in respect of accrued and unpaid
salaries owed by him (the amounts set forth in the preceding clauses (x) and (y)
of  this clause (I), together with any accrued and unpaid interest owed thereon,
the  "Accrued  Salary Amount") and (II) (x) the Company has incurred a loan from
Mark  Mroczkowski,  which  loan has an aggregate principal amount outstanding of
$50,000  as of the date hereof, plus accrued and unpaid interest of $5,250 as of
the  date hereof and (y) the Company has incurred a loan from Nick VandenBrekel,
which  loan has an aggregate principal amount of $570,450 as of the date hereof,
plus  accrued and unpaid interest of $15,316 as of the date hereof (such amounts
set  forth  in this clause (II), together with the principal, interest and other
fees  attributable  to any other indebtedness owed by the Company to either Mark
Mroczkowski  or  Nick  VandenBrekel,  whether incurred prior to, on or after the
date  hereof,  (the  "Outstanding  Indebtedness").

     NOW,  THEREFORE,  each  Subordinated  Lender and the Senior Lender agree as
follows:

                                      TERMS

     1.     All  obligations  of  each Subordinated Lender to the Senior Lender,
howsoever created, arising or evidenced, whether direct or indirect, absolute or
contingent or now or hereafter existing, or due or to become due are referred to
as  "Senior  Liabilities".  The  Accrued  Salary  Amount  and  the  Outstanding
Indebtedness,  together  with  all  obligations  of  the  Company  or any of its
Subsidiaries  to any Subordinated Lender to pay the Accrued Salary Amount or any
Outstanding  Indebtedness  (in  each  case,  including  any  interest,  fees  or
penalties  related  thereto),  howsoever  created, arising or evidenced, whether
direct  or  indirect,  absolute  or  contingent  or

                                        1
<PAGE>
now  or  hereafter  existing, or due or to become due are referred to as "Junior
Liabilities".  It  is  expressly  understood  and  agreed  that the term "Senior
Liabilities",  as used in this Agreement, shall include, without limitation, any
and  all  interest, fees and penalties accruing on any of the Senior Liabilities
after  the  commencement  of  any proceedings referred to in paragraph 4 of this
Agreement, notwithstanding any provision or rule of law which might restrict the
rights  of the Senior Lender, as against any Subordinated Lender or anyone else,
to collect such interest, fees or penalties, as the case may be.

     2.     Except  as  expressly otherwise provided in this Agreement or as the
Senior  Lender  may  otherwise  expressly consent in writing, the payment of the
Junior Liabilities shall be postponed and subordinated to the payment in full of
all  Senior  Liabilities.  Furthermore,  no  payments  or  other  distributions
whatsoever  in  respect  of  any Junior Liabilities shall be made, nor shall any
property  or  assets  of  any  Subordinated Lender be applied to the purchase or
other  acquisition  or  retirement  of  any  Junior  Liability;  provided  that,
notwithstanding the foregoing, so long as no Event of Default (as defined in the
Securities  Purchase Agreement or any Related Agreement) shall have occurred and
is  continuing,  the Company may pay to Nick VandenBrekel an aggregate amount of
up to $300,000 in respect of the Outstanding Indebtedness owed to him.

     3.     Each  Subordinated Lender hereby subordinates all security interests
that  have been, or may be, created by any Subordinated Lender in respect of the
Junior  Liabilities,  to  the  security  interests  granted by each Subordinated
Lender to the Senior Lender in respect of the Senior Liabilities.

     4.     In  the  event  of  any  dissolution,  winding  up,  liquidation,
readjustment,  reorganization  or  other  similar  proceedings  relating  to any
Subordinated  Lender  or  to its creditors, as such, or to its property (whether
voluntary  or  involuntary,  partial  or  complete,  and  whether in bankruptcy,
insolvency  or receivership, or upon an assignment for the benefit of creditors,
or  any  other  marshalling  of  the  assets and liabilities of any Subordinated
Lender,  or  any  sale  of  all  or  substantially  all  of  the  assets  of any
Subordinated  Lender,  or otherwise), the Senior Liabilities shall first be paid
in full before any Subordinate Lender shall be entitled to receive and to retain
any payment or distribution in respect of any Junior Liability.

     5.     Each  Subordinated  Lender  will mark his books and records so as to
clearly  indicate  that  their respective Junior Liabilities are subordinated in
accordance  with  the  terms  of  this Agreement.  Each Subordinated Lender will
execute  such  further  documents or instruments and take such further action as
the  Senior Lender may reasonably request from time to time request to carry out
the  intent  of  this  Agreement.

     6.     Each  Subordinated  Lender hereby waives all diligence in collection
or  protection of or realization upon the Senior Liabilities or any security for
the  Senior  Liabilities.

     7.     No Subordinated Lender will without the prior written consent of the
Senior  Lender:  (a)  attempt  to enforce or collect any Junior Liability or any
rights  in  respect  of  any Junior Liability; or (b) commence, or join with any
other  creditor  in  commencing,  any  bankruptcy,  reorganization or insolvency
proceedings  with  respect  to  any  Subordinated  Lender.

                                        2
<PAGE>
     8.     The Senior Lender may, from time to time, at its sole discretion and
without  notice  to  any  Subordinated  Lender, take any or all of the following
actions:  (a) retain or obtain a security interest in any property to secure any
of  the  Senior  Liabilities;  (b)  retain  or  obtain  the primary or secondary
obligation  of  any  other obligor or obligors with respect to any of the Senior
Liabilities;  (c) extend or renew for one or more periods (whether or not longer
than  the  original period), alter or exchange any of the Senior Liabilities, or
release  or  compromise any obligation of any nature of any obligor with respect
to any of the Senior Liabilities; and (d) release their security interest in, or
surrender,  release  or permit any substitution or exchange for, all or any part
of  any  property securing any of the Senior Liabilities, or extend or renew for
one or more periods (whether or not longer than the original period) or release,
compromise,  alter or exchange any obligations of any nature of any obligor with
respect  to  any  such  property.

     9.     The  Senior  Lender  may, from time to time, whether before or after
any discontinuance of this Agreement, without notice to any Subordinated Lender,
assign  or  transfer any or all of the Senior Liabilities or any interest in the
Senior  Liabilities; and, notwithstanding any such assignment or transfer or any
subsequent  assignment  or  transfer  of  the  Senior  Liabilities,  such Senior
Liabilities  shall  be  and  remain  Senior Liabilities for the purposes of this
Agreement,  and  every immediate and successive assignee or transferee of any of
the  Senior  Liabilities  or of any interest in the Senior Liabilities shall, to
the  extent  of  the  interest  of  such  assignee  or  transferee in the Senior
Liabilities, be entitled to the benefits of this Agreement to the same extent as
if  such assignee or transferee were the Senior Lender, as applicable; provided,
however,  that, unless the Senior Lender shall otherwise consent in writing, the
Senior  Lender shall have an unimpaired right, prior and superior to that of any
such  assignee  or transferee, to enforce this Agreement, for the benefit of the
Senior Lender, as to those of the Senior Liabilities which the Senior Lender has
not  assigned  or  transferred.

     10.     The  Senior Lender shall not be prejudiced in its rights under this
Agreement  by  any  act  or  failure  to  act of any Subordinated Lender, or any
noncompliance  of  any  Subordinated  Lender  with  any agreement or obligation,
regardless  of  any  knowledge  thereof which the Senior Lender may have or with
which  the  Senior  Lender  may  be  charged; and no action of the Senior Lender
permitted  under  this Agreement shall in any way affect or impair the rights of
the  Senior  Lender  and  the  obligations of any Subordinated Lender under this
Agreement.

     11.     No  delay  on  the part of the Senior Lender in the exercise of any
right or remedy shall operate as a waiver of such right or remedy, and no single
or  partial  exercise by the Senior Lender of any right or remedy shall preclude
other  or  further exercise of such right or remedy or the exercise of any other
right  or  remedy; nor shall any modification or waiver of any of the provisions
of  this  Agreement  be  binding  upon the Senior Lender except as expressly set
forth  in  a  writing  duly signed and delivered on behalf of the Senior Lender.
For  the  purposes  of this Agreement, Senior Liabilities shall have the meaning
set  forth  in  Section  1  above,  notwithstanding  any  right  or power of any
Subordinated  Lender  or  anyone  else  to assert any claim or defense as to the
invalidity  or  unenforceability  of  any  such obligation, and no such claim or
defense  shall  affect  or  impair  the  agreements  and  obligations  of  any
Subordinated  Lender  under  this  Agreement.

                                        3
<PAGE>
     12.     This  Agreement  shall be binding upon each Subordinated Lender and
upon  the  heirs,  legal  representatives,  successors  and  assigns  of  each
Subordinated  Lender  and the successors and assigns of any Subordinated Lender.

     13.     This  Agreement  shall be construed in accordance with and governed
by the laws of New York without regard to conflict of laws provisions.  Wherever
possible each provision of this Agreement shall be interpreted in such manner as
to  be  effective  and  valid under applicable law, but if any provision of this
Agreement shall be prohibited by or invalid under such law, such provision shall
be  ineffective  to  the  extent  of  such  prohibition  or  invalidity, without
invalidating the remainder of such provision or the remaining provisions of this
Agreement.

                            [signature page follows]

                                        4
<PAGE>
     IN  WITNESS  WHEREOF, this Agreement has been made and delivered  this 27th
day  of  April,  2004.

                            By:______________________

                            Name:  Mark  Mroczkowski
                            Title:

                            By:____________________________

                            Name:  Nick  VandenBrekel
                            Title:

                            LAURUS  MASTER  FUND,  LTD.

                            By:________________________
                            Name:
                            Title:

Acknowledged and Agreed to by:
SEQUIAM  CORPORATION

By:________________________
     Name:
     Title:

                                        5
<PAGE>Exhibit 10.14

                             FUNDS ESCROW AGREEMENT

     This Agreement is dated as of the 27th day of April, 2004 among Sequiam
Corporation, a California corporation (the "COMPANY"), Laurus Master Fund, Ltd.
(the "PURCHASER"), and Dechert LLP (the "ESCROW AGENT"):

                              W I T N E S S E T H:
                              - - - - - - - - - -

     WHEREAS, the Company and the Purchaser have entered into a Securities
Purchase Agreement dated as of the date hereof (the "PURCHASE AGREEMENT"),
providing for the sale by the Company to the Purchaser of the Term Note and the
issuance by the Company to the Purchaser of the Warrant, in each case, to the
Purchaser in the aggregate principal amount and in the denominations set forth
on Schedule A hereto;

     WHEREAS, the parties hereto require the Company to deliver the Documents to
the Escrow Agent to be held in escrow and released by the Escrow Agent in
accordance with the terms and conditions of this Agreement; and

     WHEREAS, the Escrow Agent is willing to serve as escrow agent pursuant to
the terms and conditions of this Agreement;

     NOW THEREFORE, the parties agree as follows:

                                    ARTICLE I

                                 INTERPRETATION

     1.1.     Definitions.  Whenever used in this Agreement, the following terms
              -----------
shall have the meanings set forth below.  Terms not otherwise defined herein
shall have the meaning set forth in the Purchase Agreement.

          (a)  "Agreement"  means  this Agreement and all amendments made hereto
               by  written  agreement  among  the  parties  hereto.

          (b)  "Charter  Documents"  means each of the Company's and each of its
               Subsidiaries'  certified copy of its certificate of incorporation
               and  bylaws  (or  equivalent  organizational  documents).

          (c)  "Closing  Payment"  means  the  fees to be paid to Laurus Capital
               Management  L.L.C.  set  forth  on  Schedule  A  hereto.

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<PAGE>
          (d)  "Disbursment  Letter"  means that certain letter delivered to the
               Escrow  Agent  by  each  of the Purchaser and the Company setting
               forth  wire instructions and amounts to be funded at the Closing.

          (e)  "Documents"  means  the  Securities  Purchase Agreement, the Term
               Note,  the Registration Rights Agreement, the Warrant, the Master
               Security  Agreement,  the  Stock Pledge Agreement, the Subsidiary
               Guaranty,  the  Disbursment  Letter, the Incremental Funding Side
               Letter,  the  Subordination Agreement, the Charter Documents, the
               Legal  Opinion,  the  Pledged  Stock  and  the  Closing  Payment.

          (f)  "Escrowed  Payment"  means  $2,000,000.

          (g)  "Incremental  Funding Side Letter" means that certain Increemntal
               Funding  Side  Letter  dated  the  date  hereof  by and among the
               Company  and the Purchaser and executed and delivered pursuant to
               the  Purchase  Agreement.

          (h)  "Legal  Opinion"  means  the  original  signed  legal  opinion of
               Greenberg  Traurig,  P.A..

          (i)  "Master  Security  Agreement"  means that certain Master Security
               Agreement  dated  as of the date hereof by and among the Company,
               certain  Subsidiaries  of  the  Company  and  the  Purchaser  and
               executed  and  delivered  pursuant  to  the  Purchase  Agreement.

          (j)  "Pledged  Stock" shall have the meaning provided such term in the
               Stock  Peldge  Agreement  and  shall,  for  the  purposes of this
               Agreement, also include stock powers related thereto (which stock
               powers  shall  be  endorsed  in  blank).

          (k)  "Purchase  Agreement"  shall  have  the  meaning  provided in the
               recitals  hereto.

          (l)  "Registration  Rights  Agreement" means that certain registration
               rights  agreement executed and delivered pursuant to the Purchase
               Agreement.

                                        2
<PAGE>
          (m)  "Stock  Pledge  Agreement"  means  that  certain  Stock  Pledge
               Agreement  dated  as of the date hereof by and among the Company,
               certain  Subsidiaries  of  the  Company  and  the  Purchaser  and
               executed  and  delivered  pursuant  to  the  Purchase  Agreement.

          (n)  "Subordination  Agreement"  means  that  certain  Subordination
               Agreement  dated  as  of  the  date  hereof  by  and  among  Mark
               Mroczkowski, Nick VandenBrekel and the Purchaser and executed and
               delivered  pursuant  to  the  Purchase  Agreement.

          (o)  "Subsidiary  Guaranty"  means  that  certain  Subsidiary Guaranty
               dated  as of the date hereof by and among certain Subsidiaries of
               the Company and the Purchaser and executed and delivered pursuant
               to  the  Purchase  Agreement.

          (p)  "Term Note" means the convertible term note of the Company issued
               to the Purchaser in the amount of $2,000,000 substantially in the
               form  of  Exhibit  A  annexed  to  the  Purchase  Agreement.

          (q)  "Warrant"  means the common stock purchase warrant of the Company
               to  purchase  up  to 666,666 shares of the Company's common stock
               (subject  to adjustment as provided therein), issued to Purchaser
               in  connection  with  the  Term  Note.

     1.2.     Entire Agreement.  This Agreement constitutes the entire agreement
              ----------------
between the parties hereto with respect to the matters contained herein and
pertaining to the Documents and supersedes all prior agreements, understandings,
negotiations and discussions of the parties, whether oral or written.  There are
no warranties, representations and other agreements made by the parties in
connection with the subject matter hereof except as specifically set forth in
this Agreement.

     1.3.     Extended Meanings.  In this Agreement words importing the singular
              -----------------
number include the plural and vice versa; words importing the masculine gender
include the feminine and neuter genders.  The word "person" includes an
individual, body corporate, partnership, trustee or trust or unincorporated
association, executor, administrator or legal representative.

     1.4.     Waivers and Amendments.  This Agreement may be amended, modified,
              ----------------------
superseded, cancelled, renewed or extended, and the terms and conditions hereof
may be waived, only by a written instrument signed by all parties hereto, or, in
the case of a waiver, by the party entitled to the benefit thereof waiving
compliance.  Except as expressly stated herein, no delay on the part of any
party in exercising any right, power or privilege hereunder shall operate as a

                                        3
<PAGE>
waiver thereof, nor shall any waiver on the part of any party of any right,
power or privilege hereunder preclude any other or future exercise of any other
right, power or privilege hereunder.

     1.5.     Headings.  The division of this Agreement into articles, sections,
              --------
subsections and paragraphs and the insertion of headings are for convenience of
reference only and shall not affect the construction or interpretation of this
Agreement.

     1.6.     Law Governing this Agreement.  This Agreement shall be governed by
              ----------------------------
and construed in accordance with the laws of the State of New York without
regard to principles of conflicts of laws.  Any action brought by any  party
against any  other party concerning the transactions contemplated by this
Agreement shall be brought only in the state courts of New York or in the
federal courts located in the state of New York.  Each of the  parties hereto
and the individuals executing this Agreement and other agreements on behalf of
the Company agree to submit to the jurisdiction of such courts and waive trial
by jury.  The prevailing party shall be entitled to recover from the other party
its reasonable attorney's fees and costs.  In the event that any provision of
this Agreement or any other agreement delivered in connection herewith is
invalid or unenforceable under any applicable statute or rule of law, then such
provision shall be deemed inoperative to the extent that it may conflict
therewith and shall be deemed modified to conform with such statute or rule of
law.  Any such provision which may prove invalid or unenforceable under any law
shall not affect the validity or enforceability of any other provision of any
agreement.

     1.7.     Consent to Jurisdiction.  Subject to Section 1.6 hereof, each of
              -----------------------
the Company, the Escrow Agent and the Purchaser hereby waives, and agrees not to
assert in any such suit, action or proceeding, any claim that it is not
personally subject to the jurisdiction of such court, that the suit, action or
proceeding is brought in an inconvenient forum or that the venue of the suit,
action or proceeding is improper.  Nothing in this Section shall affect or limit
any right to serve process in any other manner permitted by law.

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

                                   ARTICLE II

                         DELIVERIES TO THE ESCROW AGENT

     2.1.     Delivery of Documents to Escrow Agent by the Company and its
              ------------------------------------------------------------
Subsidiaries.  On or about the date hereof, each of the Company and each of its
------------
Subsidiaries shall deliver to the Escrow Agent the executed by the Company
and/or such Subsidiary to the extent it is a party thereto or in control
thereof.

     2.2     Delivery of the Documents to Escrow Agent by the Purchaser.  On or
             -----------------------------------------------------------
about the date hereof, the Purchaser shall deliver to the Escrow Agent the
Documents executed by the Purchaser to the extent that it is a party thereto.

                                        4
<PAGE>
     2.3.     Intention to Create Escrow Over the  Documents.  Each of the
              ----------------------------------------------
Purchaser and the Company intend that the Documents shall be held in escrow by
the Escrow Agent pursuant to this Agreement for their benefit as set forth
herein.

     2.4.     Escrow Agent to Deliver the Documents.  The Escrow Agent shall
              -------------------------------------
hold and release the Documents only in accordance with the terms and conditions
of this Agreement.

                      ARTICLE III RELEASE OF THE DOCUMENTS

     3.1.     Release of Escrow.  Subject to the provisions of Section 4.2, the
              -----------------
Escrow Agent shall release the Documents pursuant to (a), (b) or (c) below, as
follows:

          (a)  Upon receipt by the Escrow Agent of the Documents and the
satisfaction of the conditions set forth in Articles III and IV of this
Agreement, the Escrow Agent will simultaneously release to each of the Company
and the Purchaser fully executed copies of the Documents, except that (i) the
Closing Payment will be delivered to Laurus Capital Management, L.L.C.; and (ii)
the reasonable due diligence and legal fees and expenses for counsel to the
Purchaser, which shall be paid pursuant to each of the Purchase Agreement and
the Security Agreement, as the case may be, will be released to the Purchaser.
At the request of the Escrow Agent, the Company each will provide written
facsimile or original instructions to the Escrow Agent as to the disposition of
all funds releasable to the Company.

          (b)     Upon receipt by the Escrow Agent of joint written instructions
("JOINT INSTRUCTIONS") signed by the Company and the Purchaser, it shall deliver
the Documents in accordance with the terms of the Joint Instructions.

          (c)     Upon receipt by the Escrow Agent of a final and non-appealable
judgment, order, decree or award of a court of competent jurisdiction (a "COURT
ORDER"), the Escrow Agent shall deliver the Documents in accordance with the
Court Order.  Any Court Order shall be accompanied by an opinion of counsel for
the party presenting the Court Order to the Escrow Agent (which opinion shall be
satisfactory to the Escrow Agent) to the effect that the court issuing the Court
Order has competent jurisdiction and that the Court Order is final and
non-appealable.

     3.2.     Acknowledgement of Company and Purchaser; Disputes.  The Company
              --------------------------------------------------
and the Purchaser acknowledge that the only terms and conditions upon which the
Documents are to be released are set forth in Articles  III and IV of this
Agreement.  The Company and the Purchaser reaffirm their agreement to abide by
the terms and conditions of this Agreement with respect to the release of the
Documents.  Any dispute with respect to the release of the Documents shall be
resolved pursuant to Section 4.2 or by agreement among the Company and
Purchaser.

                                   ARTICLE IV

                                        5
<PAGE>
                           CONCERNING THE ESCROW AGENT

     4.1.     Duties and Responsibilities of the Escrow Agent.  The Escrow
              -----------------------------------------------
Agent's duties and responsibilities shall be subject to the following terms and
conditions:

          (a)     The Purchaser and the Company acknowledge and agree that the
Escrow Agent (i) shall not be responsible for or bound by, and shall not be
required to inquire into whether either the Purchaser or the Company is entitled
to receipt of the Documents pursuant to, any agreement other than this
Agreement; (ii) shall be obligated only for the performance of such duties as
are specifically assumed by the Escrow Agent pursuant to this Agreement; (iii)
may rely on and shall be protected in acting or refraining from acting upon any
written notice, instruction, instrument, statement, request or document
furnished to it hereunder and believed by the Escrow Agent in good faith to be
genuine and to have been signed or presented by the proper person or party,
without being required to determine the authenticity or correctness of any fact
stated therein or the propriety or validity or the service thereof; (iv) may
assume that any person purporting to give notice or make any statement or
execute any document in connection with the provisions hereof has been duly
authorized to do so; (v) shall not be responsible for the identity, authority or
rights of any person, firm or corporation executing or delivering or purporting
to execute or deliver this Agreement or any document deposited hereunder or any
endorsement thereon or assignment thereof; (vi) shall not be under any duty to
give the property held by Escrow Agent hereunder any greater degree of care than
Escrow Agent gives its own similar property; and (vii) may consult counsel
satisfactory to Escrow Agent, the opinion of such counsel to be full and
complete authorization and protection in respect of any action taken, suffered
or omitted by Escrow Agent hereunder in good faith and in accordance with the
opinion of such counsel.

          (b)     The Purchaser and the Company acknowledge that the Escrow
Agent is acting solely as a stakeholder at their request and that the Escrow
Agent shall not be liable for any action taken by Escrow Agent in good faith and
believed by Escrow Agent to be authorized or within the rights or powers
conferred upon Escrow Agent by this Agreement.  The Purchaser and the Company,
jointly and severally, agree to indemnify and hold harmless the Escrow Agent and
any of Escrow Agent's partners, employees, agents and representatives for any
action taken or omitted to be taken by Escrow Agent or any of them hereunder,
including the fees of outside counsel and other costs and expenses of defending
itself against any claim or liability under this Agreement, except in the case
of gross negligence or willful misconduct on Escrow Agent's part committed in
its capacity as Escrow Agent under this Agreement.  The Escrow Agent shall owe a
duty only to the Purchaser and Company under this Agreement and to no other
person.

          (c)     The Purchaser and the Company jointly and severally agree to
reimburse the Escrow Agent for its reasonable out-of-pocket expenses (including
counsel fees) incurred in connection with the performance of its duties and
responsibilities hereunder.

          (d)     The Escrow Agent may at any time resign as Escrow Agent
hereunder by giving five (5) days prior written notice of resignation to the
Purchaser and the Company.  Prior to the effective date of the resignation as
specified in such notice, the Purchaser and Company will

                                        6
<PAGE>
issue to the Escrow Agent a Joint Instruction authorizing delivery of the
Documents to a substitute Escrow Agent selected by the Purchaser and the
Company. If no successor Escrow Agent is named by the Purchaser and Company, the
Escrow Agent may apply to a court of competent jurisdiction in the State of New
York for appointment of a successor Escrow Agent, and to deposit the Documents
with the clerk of any such court.

          (e)     The Escrow Agent does not have and will not have any interest
in the Documents, but is serving only as escrow agent, having only possession
thereof.

          (f)     The Escrow Agent shall not be liable for any action taken or
omitted by it in good faith and reasonably believed by it to be authorized
hereby or within the rights or powers conferred upon it hereunder, nor for
action taken or omitted by it in good faith, and in accordnace with advice of
counsel (which counsel may be of the Escrow Agent's own choosing), and shall not
be liable for any mistake of fact or error of judgement or for any acts or
omissions of any kind except for its own willful misconduct or gross negligence.

          (g)     This Agreement sets forth exclusively the duties of the Escrow
Agent with respect to any and all matters pertinent thereto and no implied
duties or obligations shall be read into this Agreement.

          (h)     The Escrow Agent shall be permitted to act as counsel for the
Purchaser or the Company, as the case may be, in any dispute as to the
disposition of the Documents, in any other dispute among the Purchaser and the
Company, whether or not the Escrow Agent is then holding the Documents and
continues to act as the Escrow Agent hereunder.

          (i)     The provisions of this Section 4.1 shall survive the
resignation of the Escrow Agent or the termination of this Agreement.

     4.2.     Dispute Resolution: Judgments.  Resolution of disputes arising
              -----------------------------
under this Agreement shall be subject to the following terms and conditions:

          (a)     If any dispute shall arise with respect to the delivery,
ownership, right of possession or disposition of the Documents, or if the Escrow
Agent shall in good faith be uncertain as to its duties or rights hereunder, the
Escrow Agent shall be authorized, without liability to anyone, to (i) refrain
from taking any action other than to continue to hold the Documents pending
receipt of a Joint Instruction from the Purchaser and Company, or (ii) deposit
the Documents with any court of competent jurisdiction in the State of New York,
in which event the Escrow Agent shall give written notice thereof to the
Purchaser and the Company and shall thereupon be relieved and discharged from
all further obligations pursuant to this Agreement.  The Escrow Agent may, but
shall be under no duty to, institute or defend any legal proceedings which
relate to the Documents.  The Escrow Agent shall have the right to retain
counsel if it becomes involved in any disagreement, dispute or litigation on
account of this Agreement or otherwise determines that it is necessary to
consult counsel.

          (b)     The Escrow Agent is hereby expressly authorized to comply with
and obey any Court Order.  In case the Escrow Agent obeys or complies with a
Court Order, the

                                        7
<PAGE>
Escrow Agent shall not be liable to the Purchaser and Company or to any other
person, firm, corporation or entity by reason of such compliance.

                                    ARTICLE V

                                 GENERAL MATTERS

     5.1.     Termination.  This escrow shall terminate upon the release of all
              -----------
of the Documents or at any time upon the agreement in writing of the Purchaser
and Company.

     5.2.     Notices.  All notices, request, demands and other communications
              -------
required or permitted hereunder shall be in writing and shall be deemed to have
been duly given one (1) day after being sent by telecopy (with copy delivered by
overnight courier, regular or certified mail):

(a)  If to the Company, to:

                   Sequiam Corporation
                   300 Sunport Lane
                   Orlando, FL 32809

                   Attention:  Mark L. Mroczkowski
                   Facsimile:  407-240-1431

                   with a copy to:

                   Greenberg Traurig, P.A.
                   450 South Orange Avenue, Suite 650
                   Orlando, Florida 32801

                   Attention:  Randolph Fields, Esq.
                   Facsimile:  407-650-8472

(b)  If to the Purchaser, to:

                    LAURUS MASTER FUND, LTD.
                    c/o Ironshore Corporate Services Ltd.
                    P.O. Box 1234 G.T., Queensgate House, South Church Street
                    Grand Cayman, Cayman Islands
                    Fax: 345-949-9877

                                        8
<PAGE>
(c)  If to the Escrow Agent, to:

                    Dechert LLP
                    30 Rockefeller Plaza
                    New York, New York 10112
                    Fax:  (212) 698-3599

or to such other address as any of them shall give to the others by notice made
pursuant to this Section 5.2.

     5.3.     Interest.  The Escrowed Payment shall not be held in an interest
              --------
bearing account nor will interest be payable in connection therewith.

     5.4.     Assignment; Binding Agreement.  Neither this Agreement nor any
              -----------------------------
right or obligation hereunder shall be assignable by any party without the prior
written consent of the other parties hereto.  This Agreement shall inure to the
benefit of and be binding upon the parties hereto and their respective legal
representatives, successors and assigns.

     5.5.     Invalidity.  In the event that any one or more of the provisions
              ----------
contained herein, or the application thereof in any circumstance, is held
invalid, illegal, or unenforceable in any respect for any reason, the validity,
legality and enforceability of any such provision in every other respect and of
the remaining provisions contained herein shall not be in any way impaired
thereby, it being intended that all of the rights and privileges of the parties
hereto shall be enforceable to the fullest extent permitted by law.

     5.6     Counterparts/Execution.  This Agreement may be executed in any
             ----------------------
number of counterparts and by different signatories hereto on separate
counterparts, each of which, when so executed, shall be deemed an original, but
all such counterparts shall constitute but one and the same instrument.  This
Agreement may be executed by facsimile transmission.

                                        9
<PAGE>
     5.7.     Agreement.  Each of the undersigned states that he has read this
              ---------
Agreement and understands and agrees to it.

                              COMPANY:

                              SEQUIAM CORPORATION

                              By:___________________________________
                              Name:
                              Title:

                              PURCHASER:

                              LAURUS MASTER FUND, LTD.

                              By:___________________________________
                              Name:
                              Title:

                              ESCROW AGENT:

                              DECHERT LLP

                              By:___________________________________
                              Name:
                              Title:

                                       10
<PAGE>
                      SCHEDULE A TO FUNDS ESCROW AGREEMENT
                      ------------------------------------

<TABLE>
<CAPTION>
-----------------------------------------------  --------------------------------------------
PURCHASER                                                   PRINCIPAL NOTE AMOUNT
-----------------------------------------------  --------------------------------------------
<S>                                              <C>
LAURUS MASTER FUND, LTD.,                        2,000,000   Term Note
c/o Ironshore Corporate Services Ltd., P.O. Box
1234 G.T., Queensgate House, South Church
Street, Grand Cayman, Cayman Islands
Fax: 345-949-9877
-----------------------------------------------  --------------------------------------------

-----------------------------------------------  --------------------------------------------
FUND MANAGER                                     CLOSING PAYMENT
-----------------------------------------------  --------------------------------------------
LAURUS CAPITAL MANAGEMENT, L.L.C.                Closing payment payable in connection with
825 Third Avenue, 14th Floor                     investment by Laurus Master Fund, Ltd. for
New York, New York 10022                         which Laurus Capital Management, L.L.C.
Fax: 212-541-4434                                is the Manager.
-----------------------------------------------  --------------------------------------------
TOTAL                                            $  105,000
-----------------------------------------------  --------------------------------------------

WARRANTS

-----------------------------------------------  --------------------------------------------
WARRANT RECIPIENT                                WARRANT IN CONNECTION WITH OFFERING
-----------------------------------------------  --------------------------------------------
LAURUS MASTER FUND, LTD.
A Cayman Island corporation                      Warrant exercisable into up to 666,666 of
c/o Ironshore Corporate Services Ltd.            shares of common stock of the Company
P.O. Box 1234 G.T.                               (subject to adjustment as provided therein)
Queensgate House, South Church Street            issued in connection with investment by
Grand Cayman, Cayman Islands                     Laurus Master Fund, Ltd.
Fax: 345-949-9877
-----------------------------------------------  --------------------------------------------
</TABLE>

                                       11
<PAGE>

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