Document:

Exhibit  4.1
                          Global Business Markets, Inc.
                             Stock Compensation Plan

This Stock Compensation Plan is adopted this 2nd day of February 2004, by Global
Business  Markets,  Inc.,  a  Nevada  corporation  with  its  principal place of
business  being  located  at:

                       3859 Wekiva Springs Road, Suite 302
                               Longwood FL, 32779

WITNESSETH:

WHEREAS,  the  Board  of  Directors  of  Global  Business  Markets,  Inc.,  (the
"Company")  has  determined  that  it would be to its advantage, and in its best
interests,  to  grant  certain  consultants  and  advisors,  as  well as certain
employees,  the  opportunity  to  purchase  stock  in the Company as a result of
compensation  for  their  service;  and

WHEREAS, the Board of Directors (the "Board") believes that the Company can best
obtain  advantageous  benefits by issuing stock and/or granting stock options to
such designated individuals from time to time, although these options are not to
be  granted pursuant to Section 422 and related sections of the Internal Revenue
Code,  as  amended;

NOW  THEREFORE, the Board adopts this as the Global Business Markets, Inc. Stock
Compensation  Plan  ("the  Plan").

1.00  EFFECTIVE  DATE  AND  TERMINATION  OF  PLAN

The  effective  date  of the Plan is February 2, 2004, which is the day the Plan
was  adopted by the Board. The Plan will terminate on the earlier of the date of
the grant of the final option for the last share of common stock allocated under
the  Plan  or  ten  years  from  the  date thereof, whichever is earlier, and no
options  will  be  granted  thereafter  pursuant  to  this  Plan.

2.00  ADMINISTRATION  OF  PLAN

The  Plan  shall  be  administered  by the Board, which may adopt such rules and
regulations  for  its administration as it may deem necessary or appropriate, or
may be administered by a Compensation Committee to be appointed by the Board, to
have  such  composition and duties as the Board may from time to time determine.

3.00  ELIGIBILITY  TO  PARTICIPATE  IN  THE  PLAN

3.01  Subject  to  the provisions of the Plan, the Board, or its designee, shall
determine  and  designate,  from  time  to time those consultants, advisors, and
employees of the Company, or consultants, advisors, and employees of a parent or
subsidiary  corporation  of  the Company, to whom shares are to be issued and/or
options are to be granted hereunder and the number of shares to be optioned from
time  to  time to any individual or entity. In determining the eligibility of an
individual  or  entity to receive shares or an option, as well as in determining
the  number  of shares to be issued and/or optioned to any individual or entity,
the  Board,  or its designee, shall consider the nature and value to the Company
for  the services which have been rendered to the Company and such other factors
as  the  Board,  or  its  designee,  may  deem  relevant.

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3.02 To be eligible to be selected to receive an option, an individual must be a
consultant,  advisor  or an employee of the Company or a consultant, advisor, or
an  employee  of a parent or subsidiary corporation of the Company. The grant of
each  option  shall  be  confirmed  by  a Stock Option Agreement, which shall be
executed  by  the Company and the Optionee as promptly as practicable after such
grant.  More  than  one option may be granted to an individual or entity. Shares
shall  be  issued  directly  to  such  entities.

3.03  An  option  may be granted to any individual or entity eligible hereunder,
regardless  of  his  previous  stockholdings.

3.04  The  option price (determined as of the time the option is granted) of the
stock for which any person may be granted options under this Plan (and all other
plans of the Company) may be increased or reduced by the Board, or its designee,
from  time  to  time.

4.00  NUMBER  OF  SHARES  SUBJECT  TO  THE  PLAN

The  Board, prior to the time shall reserve for the purposes of the Plan a total
of  one  billion  five  hundred  million  (1,500,000,000)  of the authorized but
unissued  shares of common shares of the Company, provided that any shares as to
which  an  option  granted  under the Plan remains unexercised at the expiration
thereof may be the subject of the grant of further options under the Plan within
the  limits  and  under  the  terms  set  forth  in  Article  3.00  hereof.

5.00  PRICE  OF  COMMON  SHARES

The  initial  and standard price per share of common stock to be issued directly
or by option shall be the Fair Market Value per share but may be changed in each
case  by  the  Board,  or its designee, from time to time. If the share price is
changed,  the  Board,  or its designee, shall determine the share price no later
than  the  date of the issuance of the shares and/or the grant of the option and
at  such  other times as the Board, or its designee, deems necessary.  The Board
shall  have absolute final discretion to determine the price of the common stock
under  the  Plan. In the absence of such specific determination, the share price
will  be  the  Fair  Market Value per share.  "Fair Market Value" shall mean, if
there  is  an  established  market  for  the  Company's  Common Stock on a stock
exchange,  in  an  over-the-counter  market or otherwise, 50% of the Closing Bid
Price  of  the  Company's stock for the trading day which is the valuation date,
provided that the Board may, in its discretion provide an alternative definition
for  Fair  Market  Value  in the instrument granting the right or option. Unless
otherwise  specified  by  the  Board  at  the  time  of grant (or in the formula
applicable  to  such  grant), the valuation date for purposes of determining the
option price shall be the date of grant.  The Board may specify that, instead of
the  date  of  grant,  the  valuation  date shall be a valuation period of up to
ninety  (90) days prior to the date of grant, and Fair Market Value for purposes
of  such grant shall be the average over the valuation period of the mean of the
highest  and  lowest quoted selling prices on each date on which sales were made
in  the  valuation  period.  If there is no established market for the Company's
Common  Stock, or if there were no sales during the applicable valuation period,
the  determination of Fair Market Value shall be established by the Board in its
sole  discretion,  considering  the  criteria  set  forth in Treas. Reg. Section
20.2031-2  or  successor  regulations.

6.00  SUCCESSIVE  OPTIONS

Any  option  granted  under  this  Plan  to  a person may be exercisable at such
person's discretion while there is outstanding any other stock option previously
granted  to  such person, whether under this Plan or any other stock option plan
of  the  Company.

<PAGE>
7.00  PERIOD  AND  EXERCISE  OF  OPTION

7.01.  Options granted under this Plan shall expire on the first to occur of the
following  dates  whether  or not exercisable on such dates:  (i) five (5) years
from the date the option is initially granted; (ii) six (6) months from the date
the  person  ceases  employment due to permanent and total disability; (iii) the
date  of  termination of employment for reasons other than retirement, permanent
and  total  disability  or  death,  unless  the  Board  determines,  in its sole
discretion,  that  it would be in the best interest of the Company to extend the
options  for  a  period  not to exceed three (3) years; or (iv) three (3) months
from  the  date  the  employee  retires  with  permission  of  the  Board.

7.02.  Notwithstanding  Section  7.01,  any  portion of any option which has not
become  exercisable  pursuant to Section 7.03 prior to the death of the employee
or  termination  of  employment  shall expire on the employee's date of death or
termination  date,  if termination is for reasons other than retirement or total
and  permanent  disability.

7.03.  Any  option  granted  under this Plan may be immediately exercised by the
holder  thereof. Such an option may be exercised in whole or in part at the time
it  becomes exercisable or from time to time thereafter, until the expiration of
the  option.

8.00  PAYMENT  FOR  OPTIONED  SHARES

When a person holding an option granted under this Plan exercises any portion of
the  option  he  shall  pay  the full option price for the shares covered by the
exercise of that portion of his option within one (1) month after such exercise.
As soon as practicable, after the person notifies the Company of the exercise of
his  option  and  makes  payment of the required option price, the Company shall
issue  such  shares  to  the person.  The Board may also permit a participant to
effect  a  cashless or net exercise of an option without tendering any shares of
the  Company's  stock  as  payment  for  the  option.  In  such  an  event,  the
participant  will  be  deemed  to  have paid for the exercise of the option with
shares  of  the  Company's  stock and shall receive from the Company a number of
shares  equal  to  the  difference  between  (i) the shares that would have been
tendered  to  pay  the  option price and withholding taxes, if any, and (ii) the
number of options exercised.  The Board may also cause the Company to enter into
arrangements  with  one  or  more  licensed  stock  brokerage  firms  whereby
participants  may exercise options without payment therefor but with irrevocable
orders to such brokerage firm to immediately sell the number of shares necessary
to  pay the option price and withholding taxes, if any, and then to transmit the
proceeds  from  such  sales  directly  to  the  Company  in satisfaction of such
obligations.

9.00  RESTRICTIONS  ON  TRANSFER

9.01 No right or privilege of any person under the Plan shall be transferable or
assignable,  except  to the person's personal representative in the event of the
person's  death,  and  except  as  provided  in  Section  9.02,  options granted
hereunder  are  exercisable  only  by  the  person  during  his  life.

9.02  If a person dies holding outstanding options issued pursuant to this Plan,
his  personal  representative shall have the right to exercise such options only
within  one  year  of  the  death  of  the  person.

10.00  RECLASSIFICATION,  CONSOLIDATION  OR  MERGER

If  and  to  the  extent that the number of issued shares of common stock of the
Company  shall  be  increased  or  reduced  by  change  in  par  value, split-up
reclassification,  distribution of a dividend payable in stock, or the like, the
number  of  shares  subject to direct issuance or an option held by a person and
the  option price per share shall be proportionately adjusted. If the Company is
reorganized or consolidated or merged with another corporation, the person shall
be  entitled  to  receive  direct  issuance  or  options covering shares of such
reorganized,  consolidated,  or  merged  company  in  the same proportion, at an
equivalent  price,  and  subject  to  the  same  conditions.

<PAGE>
11.00  DISSOLUTION  OR  LIQUIDATION

Upon  the  dissolution  or  liquidation  of  the  Company,  the  options granted
hereunder  shall  terminate  and become null and void, but the person shall have
the  right  immediately prior to such dissolution or liquidation to exercise any
options  granted  and  exercisable  hereunder  to  the  full  extent  not before
exercised.

12.00  BINDING  EFFEC

This  Plan shall inure to the benefit of and be binding upon the Company and its
employees, and their respective heirs, executors, administrators, successors and
assigns.

13.00  ADOPTION  OF  PLAN
The  Board  of Directors of the Company has duly adopted this Plan on January 2,
2004.

14.00  NOTICES
Any  notice  to  be  given  to the Company under the terms of this plan shall be
addressed  to  such  address  as  is  set  forth  on  the  first  page  hereof.

     IN  WITNESS WHEREOF, the Company has caused this Plan to be executed on its
behalf by its President, to be sealed by its corporate seal, and attested by its
Secretary  effective  the  day  and  year  first  above  written.

                                       Global Business Markets, Inc.

Dated: February 2, 2004                /s/ Edward Miers
                                       -----------------------------
                                       Edward Miers, President

<PAGE>THIS  WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF
     THIS  WARRANT  HAVE  NOT  BEEN  REGISTERED UNDER THE SECURITIES ACT OF
     1933,  AS  AMENDED, OR ANY STATE SECURITIES LAWS. THIS WARRANT AND THE
     COMMON  STOCK  ISSUABLE UPON EXERCISE OF THIS WARRANT MAY NOT BE SOLD,
     OFFERED  FOR  SALE,  PLEDGED  OR  HYPOTHECATED  IN  THE  ABSENCE OF AN
     EFFECTIVE REGISTRATION STATEMENT AS TO THIS WARRANT UNDER SAID ACT AND
     ANY  APPLICABLE  STATE  SECURITIES  LAWS  OR  AN  OPINION  OF  COUNSEL
     REASONABLY  SATISFACTORY TO SEQUIAM CORPORATION THAT SUCH REGISTRATION
     IS  NOT  REQUIRED.

            Right to Purchase up to 470,000 Shares of Common Stock of
                               Sequiam Corporation
                               -------------------
                   (subject to adjustment as provided herein)

                          COMMON STOCK PURCHASE WARRANT

No. _________________                              Issue Date:  October __, 2004

     SEQUIAM CORPORATION, a corporation organized under the laws of the State of
California ("Sequiam"), hereby certifies that, for value received, LAURUS MASTER
FUND,  LTD.,  or  assigns  (the "Holder"), is entitled, subject to the terms set
forth below, to purchase from the Company (as defined herein) from and after the
Issue  Date  of  this  Warrant  and at any time or from time to time before 5:00
p.m.,  New  York  time,  through  the  close  of  business October __, 2010 (the
"Expiration  Date"), up to 470,000 fully paid and nonassessable shares of Common
Stock  (as  hereinafter  defined),  $0.01 par value per share, at the applicable
Exercise  Price  per share (as defined below).  The number and character of such
shares  of  Common Stock and the applicable Exercise Price per share are subject
to  adjustment  as  provided  herein.

     As  used herein the following terms, unless the context otherwise requires,
have  the  following  respective  meanings:

          (a)     The  term  "Company" shall include Sequiam and any corporation
     which  shall  succeed,  or  assume  the  obligations of, Sequiam hereunder.

          (b)     The  term  "Common  Stock"  includes  (i) the Company's Common
     Stock,  par value $0.01 per share; and (ii) any other securities into which
     or  for  which  any  of the securities described in (a) may be converted or
     exchanged  pursuant  to a plan of recapitalization, reorganization, merger,
     sale  of  assets  or  otherwise.

          (c)     The  term  "Other  Securities" refers to any stock (other than
     Common  Stock)  and  other  securities  of  the Company or any other person
     (corporate  or otherwise) which the holder of the Warrant at any time shall
     be  entitled  to  receive,  or  shall have received, on the exercise of the
     Warrant,  in  lieu  of or in addition to Common Stock, or which at any time
     shall  be  issuable  or  shall  have  been  issued  in  exchange  for or in
     replacement  of  Common  Stock or Other Securities pursuant to Section 4 or
     otherwise.

<PAGE>
          (d)     The  "Exercise  Price"  applicable under this Warrant shall be
     $0.33.

     1.     Exercise  of  Warrant.
            ---------------------

          1.1     Number  of  Shares Issuable upon Exercise.  From and after the
                  -----------------------------------------
date  hereof  through  and  including  the  Expiration Date, the Holder shall be
entitled  to  receive,  upon  exercise  of  this Warrant in whole or in part, by
delivery  of  an original or fax copy of an exercise notice in the form attached
hereto  as  Exhibit  A  (the  "Exercise  Notice"), shares of Common Stock of the
Company,  subject  to  adjustment  pursuant  to  Section  4.

          1.2     Fair  Market  Value.  For  purposes  hereof,  the "Fair Market
                  -------------------
Value"  of  a  share of Common Stock as of a particular date (the "Determination
Date")  shall  mean:

          (a)     If  the Company's Common Stock is traded on the American Stock
     Exchange  or  another  national  exchange  or  is quoted on the National or
     SmallCap  Market  of  The  Nasdaq  Stock  Market,  Inc.("Nasdaq"), then the
     closing  or  last  sale price, respectively, reported for the last business
     day  immediately  preceding  the  Determination  Date.

          (b)     If  the  Company's  Common Stock is not traded on the American
     Stock  Exchange or another national exchange or on the Nasdaq but is traded
     on the NASD OTC Bulletin Board, then the mean of the average of the closing
     bid  and  asked  prices  reported  for  the  last  business day immediately
     preceding  the  Determination  Date.

          (c)     Except  as  provided  in  clause  (d)  below, if the Company's
     Common  Stock  is  not  publicly traded, then as the Holder and the Company
     agree  or in the absence of agreement by arbitration in accordance with the
     rules  then  in  effect  of  the American Arbitration Association, before a
     single  arbitrator  to  be  chosen  from  a  panel  of persons qualified by
     education  and  training  to  pass  on  the  matter  to  be  decided.

          (d)     If  the  Determination  Date  is  the  date  of a liquidation,
     dissolution  or  winding  up,  or  any  event  deemed  to be a liquidation,
     dissolution  or  winding  up  pursuant  to  the Company's charter, then all
     amounts  to be payable per share to holders of the Common Stock pursuant to
     the  charter  in  the event of such liquidation, dissolution or winding up,
     plus  all  other  amounts  to be payable per share in respect of the Common
     Stock  in  liquidation under the charter, assuming for the purposes of this
     clause  (d)  that  all  of  the  shares  of Common Stock then issuable upon
     exercise  of  the  Warrant  are  outstanding  at  the  Determination  Date.

          1.3     Company  Acknowledgment.  The Company will, at the time of the
                  -----------------------
exercise  of  the  Warrant, upon the request of the holder hereof acknowledge in
writing  its  continuing obligation to afford to such holder any rights to which
such holder shall continue to be entitled after such exercise in accordance with
the  provisions  of  this  Warrant.  If  the  holder shall fail to make any such
request,  such failure shall not affect the continuing obligation of the Company
to  afford  to  such  holder  any  such  rights.

          1.4     Trustee  for  Warrant  Holders.  In  the  event that a bank or
                  ------------------------------
trust  company  shall  have  been  appointed  as  trustee for the holders of the
Warrant  pursuant  to  Subsection  3.2,

                                        2
<PAGE>
such  bank  or  trust  company shall have all the powers and duties of a warrant
agent  (as  hereinafter  described)  and  shall  accept, in its own name for the
account  of the Company or such successor person as may be entitled thereto, all
amounts  otherwise payable to the Company or such successor, as the case may be,
on  exercise  of  this  Warrant  pursuant  to  this  Section  1.

     2.     Procedure  for  Exercise.
            ------------------------

          2.1     Delivery  of  Stock  Certificates,  Etc.,  on  Exercise.  The
                  -------------------------------------------------------
Company  agrees  that the shares of Common Stock purchased upon exercise of this
Warrant  shall  be deemed to be issued to the Holder as the record owner of such
shares  as of the close of business on the date on which this Warrant shall have
been  surrendered  and  payment made for such shares in accordance herewith.  As
soon  as  practicable after the exercise of this Warrant in full or in part, and
in  any  event  within  three  (3)  business days thereafter, the Company at its
expense  (including  the payment by it of any applicable issue taxes) will cause
to be issued in the name of and delivered to the Holder, or as such Holder (upon
payment  by  such  Holder  of  any  applicable  transfer  taxes)  may  direct in
compliance  with  applicable  securities laws, a certificate or certificates for
the  number  of  duly and validly issued, fully paid and nonassessable shares of
Common  Stock  (or  Other  Securities) to which such Holder shall be entitled on
such  exercise, plus, in lieu of any fractional share to which such holder would
otherwise  be  entitled, cash equal to such fraction multiplied by the then Fair
Market  Value  of  one  full  share,  together  with  any  other  stock or other
securities  and property (including cash, where applicable) to which such Holder
is  entitled  upon  such  exercise  pursuant  to  Section  1  or  otherwise.

          2.2     Exercise.  Payment  may  be  made  either  (i)  in  cash or by
                  --------
certified  or  official  bank check payable to the order of the Company equal to
the  applicable  aggregate  Exercise  Price, (ii) by delivery of the Warrant, or
shares  of  Common  Stock  and/or  Common  Stock receivable upon exercise of the
Warrant  in  accordance with Section (b) below, or (iii) by a combination of any
of  the  foregoing  methods,  for  the number of Common Shares specified in such
Exercise  Notice  (as  such  exercise  number  shall  be adjusted to reflect any
adjustment  in the total number of shares of Common Stock issuable to the Holder
per  the  terms  of  this Warrant) and the Holder shall thereupon be entitled to
receive  the  number  of  duly  authorized,  validly  issued,  fully-paid  and
non-assessable  shares  of  Common  Stock  (or  Other  Securities) determined as
provided  herein.  Notwithstanding any provisions herein to the contrary, if the
Fair  Market  Value  of  one  share of Common Stock is greater than the Exercise
Price  (at  the  date  of calculation as set forth below), in lieu of exercising
this Warrant for cash, the Holder may elect to receive shares equal to the value
(as  determined  below) of this Warrant (or the portion thereof being exercised)
by  surrender  of  this  Warrant at the principal office of the Company together
with  the  properly  endorsed  Exercise  Notice in which event the Company shall
issue  to  the  Holder  a  number  of  shares of Common Stock computed using the
following  formula:

     X=Y     (A-B)
             -----
               A

     Where X  =     the  number  of  shares of Common Stock to be issued to the
                    Holder

                                        3
<PAGE>
     Y =            the number of shares of Common Stock purchasable  under  the
                    Warrant  or,  if  only  a  portion  of  the Warrant is being
                    exercised,  the  portion  of the Warrant being exercised (at
                    the  date  of  such  calculation)

     A =            the  Fair  Market Value of one share of the Company's Common
                    Stock  (at  the  date  of  such  calculation)

     B =            Exercise Price (as adjusted to the date of such calculation)

     3.     Effect  of  Reorganization,  Etc.;  Adjustment  of  Exercise  Price.
            -------------------------------------------------------------------

          3.1     Reorganization,  Consolidation,  Merger,  Etc.  In case at any
                  ---------------------------------------------
time  or  from  time to time, the Company shall (a) effect a reorganization, (b)
consolidate  with  or  merge  into  any  other  person,  or  (c) transfer all or
substantially all of its properties or assets to any other person under any plan
or  arrangement contemplating the dissolution of the Company, then, in each such
case,  as  a  condition  to  the  consummation of such a transaction, proper and
adequate  provision  shall  be  made  by  the Company whereby the Holder of this
Warrant,  on  the exercise hereof as provided in Section 1 at any time after the
consummation  of  such  reorganization, consolidation or merger or the effective
date  of  such  dissolution,  as  the case may be, shall receive, in lieu of the
Common  Stock  (or  Other  Securities)  issuable  on such exercise prior to such
consummation or such effective date, the stock and other securities and property
(including  cash)  to  which  such  Holder  would  have  been entitled upon such
consummation or in connection with such dissolution, as the case may be, if such
Holder  had so exercised this Warrant, immediately prior thereto, all subject to
further  adjustment  thereafter  as  provided  in  Section  4.

          3.2     Dissolution.  In  the  event of any dissolution of the Company
                  -----------
following  the transfer of all or substantially all of its properties or assets,
the  Company,  concurrently with any distributions made to holders of its Common
Stock,  shall  at its expense deliver or cause to be delivered to the Holder the
stock  and  other  securities  and  property  (including cash, where applicable)
receivable  by  the  Holder  of  the Warrant pursuant to Section 3.1, or, if the
Holder  shall  so  instruct the Company, to a bank or trust company specified by
the  Holder  and  having its principal office in New York, NY as trustee for the
Holder  of  the  Warrant  (the  "Trustee").

          3.3     Continuation  of  Terms.  Upon  any  reorganization,
                  -----------------------
consolidation,  merger  or transfer (and any dissolution following any transfer)
referred  to  in  this  Section 3, this Warrant shall continue in full force and
effect and the terms hereof shall be applicable to the shares of stock and other
securities  and  property  receivable  on the exercise of this Warrant after the
consummation  of  such  reorganization, consolidation or merger or the effective
date  of  dissolution following any such transfer, as the case may be, and shall
be  binding upon the issuer of any such stock or other securities, including, in
the  case of any such transfer, the person acquiring all or substantially all of
the  properties  or assets of the Company, whether or not such person shall have
expressly  assumed  the  terms of this Warrant as provided in Section 4.  In the
event  this  Warrant  does  not  continue  in  full  force  and effect after the
consummation of the transactions described in this Section 3, then the Company's
securities  and  property  (including  cash, where applicable) receivable by the
Holders  of  the  Warrant  will  be  delivered  to  Holder  or  the  Trustee  as
contemplated  by  Section  3.2.

                                        4
<PAGE>
     4.     Extraordinary  Events Regarding Common Stock.  In the event that the
            --------------------------------------------
Company  shall  (a) issue additional shares of the Common Stock as a dividend or
other  distribution  on  outstanding Common Stock, (b) subdivide its outstanding
shares  of  Common  Stock,  or  (c) combine its outstanding shares of the Common
Stock  into  a  smaller number of shares of the Common Stock, then, in each such
event,  the  Exercise  Price  shall,  simultaneously  with the happening of such
event,  be  adjusted  by  multiplying the then Exercise Price by a fraction, the
numerator  of  which  shall  be the number of shares of Common Stock outstanding
immediately prior to such event and the denominator of which shall be the number
of  shares  of  Common  Stock  outstanding immediately after such event, and the
product  so  obtained shall thereafter be the Exercise Price then in effect. The
Exercise  Price, as so adjusted, shall be readjusted in the same manner upon the
happening  of any successive event or events described herein in this Section 4.
The  number  of  shares  of  Common  Stock that the holder of this Warrant shall
thereafter,  on  the  exercise  hereof  as provided in Section 1, be entitled to
receive  shall  be increased to a number determined by multiplying the number of
shares  of  Common  Stock  that  would otherwise (but for the provisions of this
Section 4) be issuable on such exercise by a fraction of which (a) the numerator
is  the  Exercise  Price  that  would  otherwise (but for the provisions of this
Section 4) be in effect, and (b) the denominator is the Exercise Price in effect
on  the  date  of  such  exercise.

     5.     Certificate  as  to  Adjustments.  In each case of any adjustment or
            --------------------------------
readjustment in the shares of Common Stock (or Other Securities) issuable on the
exercise  of  the  Warrant,  the  Company at its expense will promptly cause its
Chief Financial Officer or other appropriate designee to compute such adjustment
or  readjustment  in  accordance  with  the  terms  of the Warrant and prepare a
certificate  setting forth such adjustment or readjustment and showing in detail
the  facts  upon  which  such  adjustment  or readjustment is based, including a
statement of (a) the consideration received or receivable by the Company for any
additional shares of Common Stock (or Other Securities) issued or sold or deemed
to  have been issued or sold, (b) the number of shares of Common Stock (or Other
Securities)  outstanding or deemed to be outstanding, and (c) the Exercise Price
and  the  number  of shares of Common Stock to be received upon exercise of this
Warrant,  in  effect immediately prior to such adjustment or readjustment and as
adjusted  or readjusted as provided in this Warrant.  The Company will forthwith
mail  a  copy  of  each  such  certificate  to the holder of the Warrant and any
Warrant  agent  of  the  Company  (appointed  pursuant  to  Section  11 hereof).

     6.     Reservation  of  Stock,  Etc., Issuable on Exercise of Warrant.  The
            --------------------------------------------------------------
Company  will  at  all times reserve and keep available, solely for issuance and
delivery  on  the  exercise  of  the  Warrant,  shares of Common Stock (or Other
Securities)  from  time  to  time  issuable  on  the  exercise  of  the Warrant.

     7.     Assignment;  Exchange  of  Warrant.  Subject  to  compliance  with
            ----------------------------------
applicable  securities  laws, this Warrant, and the rights evidenced hereby, may
be  transferred  by any registered holder hereof (a "Transferor") in whole or in
part.  On  the  surrender  for  exchange  of this Warrant, with the Transferor's
endorsement  in  the  form  of  Exhibit  B  attached  hereto  (the  "Transferor
Endorsement  Form")  and  together  with evidence reasonably satisfactory to the
Company  demonstrating  compliance  with applicable securities laws, which shall
include,  without  limitation,  the  provision  of  a  legal  opinion  from  the
Transferor's  counsel  (at  the  Company's expense) that such transfer is exempt
from  the  registration  requirements  of

                                        5
<PAGE>
applicable securities laws, and with payment by the Transferor of any applicable
transfer  taxes)  will  issue  and  deliver to or on the order of the Transferor
thereof  a  new  Warrant of like tenor, in the name of the Transferor and/or the
transferee(s)  specified  in  such  Transferor  Endorsement  Form  (each  a
"Transferee"),  calling  in  the  aggregate on the face or faces thereof for the
number  of shares of Common Stock called for on the face or faces of the Warrant
so  surrendered  by  the  Transferor.

     8.     Replacement  of  Warrant.  On  receipt  of  evidence  reasonably
            ------------------------
satisfactory  to  the  Company  of the loss, theft, destruction or mutilation of
this  Warrant  and,  in  the case of any such loss, theft or destruction of this
Warrant,  on  delivery  of  an  indemnity  agreement  or  security  reasonably
satisfactory  in  form  and  amount  to  the Company or, in the case of any such
mutilation,  on  surrender  and cancellation of this Warrant, the Company at its
expense  will execute and deliver, in lieu thereof, a new Warrant of like tenor.

     9.     Registration  Rights.  The  Holder  of this Warrant has been granted
            --------------------
certain  registration  rights by the Company.  These registration rights are set
forth  in  a  Registration  Rights  Agreement  entered  into  by the Company and
Purchaser  dated  as  of  even  date  of  this  Warrant.

     10.     Maximum  Exercise.  The  Holder  shall  not be entitled to exercise
             -----------------
this  Warrant  on  an exercise date, in connection with that number of shares of
Common  Stock which would be in excess of the sum of (i) the number of shares of
Common  Stock beneficially owned by the Holder and its affiliates on an exercise
date,  and  (ii) the number of shares of Common Stock issuable upon the exercise
of this Warrant with respect to which the determination of this proviso is being
made  on  an  exercise  date,  which would result in beneficial ownership by the
Holder and its affiliates of more than 4.99% of the outstanding shares of Common
Stock  of  the  Company  on  such  date.  For the purposes of the proviso to the
immediately  preceding  sentence,  beneficial  ownership  shall be determined in
accordance  with  Section  13(d)  of  the  Securities  Exchange  Act of 1934, as
amended,  and  Regulation  13d-3 thereunder.  Notwithstanding the foregoing, the
restriction described in this paragraph may be revoked upon 75 days prior notice
from  the Holder to the Company and is automatically null and void upon an Event
of  Default  under  the  Note.

     11.     Warrant  Agent.  The  Company  may,  by  written notice to the each
             --------------
Holder  of the Warrant, appoint an agent for the purpose of issuing Common Stock
(or  Other  Securities)  on  the exercise of this Warrant pursuant to Section 1,
exchanging  this  Warrant  pursuant  to  Section  7,  and replacing this Warrant
pursuant  to  Section  8,  or  any  of  the  foregoing,  and thereafter any such
issuance,  exchange  or  replacement,  as the case may be, shall be made at such
office  by  such  agent.

     12.     Transfer on the Company's Books.  Until this Warrant is transferred
             -------------------------------
on  the books of the Company, the Company may treat the registered holder hereof
as the absolute owner hereof for all purposes, notwithstanding any notice to the
contrary.

     13.     Notices,  Etc.  All  notices  and  other  communications  from  the
             -------------
Company  to the Holder of this Warrant shall be mailed by first class registered
or  certified  mail, postage prepaid, at such address as may have been furnished
to  the  Company  in  writing  by  such  Holder  or,  until

                                        6
<PAGE>
any such Holder furnishes to the Company an address, then to, and at the address
of,  the  last  Holder  of  this  Warrant who has so furnished an address to the
Company.

     14.     Miscellaneous.  This  Warrant  and  any term hereof may be changed,
             -------------
waived,  discharged or terminated only by an instrument in writing signed by the
party against which enforcement of such change, waiver, discharge or termination
is  sought.  This  Warrant shall be governed by and construed in accordance with
the laws of State of New York without regard to principles of conflicts of laws.
Any  action  brought  concerning  the  transactions contemplated by this Warrant
shall  be  brought only in the state courts of New York or in the federal courts
located  in the state of New York; provided, however, that the Holder may choose
to  waive this provision and bring an action outside the state of New York.  The
individuals  executing  this Warrant 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 Warrant 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 this Warrant.
The  headings  in this Warrant are for purposes of reference only, and shall not
limit  or  otherwise  affect  any  of  the  terms  hereof.  The  invalidity  or
unenforceability  of any provision hereof shall in no way affect the validity or
enforceability  of  any  other  provision hereof.  The Company acknowledges that
legal  counsel  participated  in the preparation of this Warrant 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
Warrant  to  favor  any  party  against  the  other  party.

                   [BALANCE OF PAGE INTENTIONALLY LEFT BLANK;
                            SIGNATURE PAGE FOLLOWS.]

                                        7
<PAGE>
     IN  WITNESS  WHEREOF,  the Company has executed this Warrant as of the date
first  written  above.

                                           SEQUIAM CORPORATION

WITNESS:
                                           By:    ______________________________
                                           Name:  ______________________________
___________________________________        Title: ______________________________

                                        8
<PAGE>
                                    EXHIBIT A

                              FORM OF SUBSCRIPTION
                   (To Be Signed Only On Exercise Of Warrant)

TO:  Sequiam Corporation

     Attention:     Chief Financial Officer

     The  undersigned,  pursuant  to  the  provisions  set forth in the attached
Warrant (No.____), hereby irrevocably elects to purchase (check applicable box):

________  ________ shares of the Common Stock covered by such Warrant; or

________  the  maximum  number of shares of Common Stock covered by such Warrant
          pursuant  to  the  cashless exercise procedure set forth in Section 2.

     The  undersigned herewith makes payment of the full Exercise Price for such
shares  at  the  price  per  share  provided  for  in  such  Warrant,  which  is
$___________. Such payment takes the form of (check applicable box or boxes):

________  $__________ in lawful money of the United States; and/or

________  the  cancellation  of  such  portion  of  the  attached  Warrant as is
          exercisable  for  a  total  of _______ shares of Common Stock (using a
          Fair  Market  Value  of  $_______  per  share  for  purposes  of  this
          calculation);  and/or

________  the  cancellation  of  such  number  of  shares  of Common Stock as is
          necessary, in accordance with the formula set forth in Section 2.2, to
          exercise  this Warrant with respect to the maximum number of shares of
          Common  Stock  purchasable pursuant to the cashless exercise procedure
          set  forth  in  Section  2.

     The undersigned requests that the certificates for such shares be issued in
the  name  of,  and  delivered to ______________________________________________
whose  address  is_____________________________________________________________.

     The  undersigned  represents  and warrants that all offers and sales by the
undersigned of the securities issuable upon exercise of the within Warrant shall
be made pursuant to registration of the Common Stock under the Securities Act of
1933,  as  amended  (the  "Securities  Act")  or  pursuant  to an exemption from
registration  under  the  Securities  Act.

Dated:_____________________  ___________________________________________________
                             (Signature must conform to name of holder as
                             specified on the face of the Warrant)

                             Address: __________________________________________
                                      __________________________________________

                                      A-1
<PAGE>
                                    EXHIBIT B

                         FORM OF TRANSFEROR ENDORSEMENT
                   (To Be Signed Only On Transfer Of Warrant)

     For  value  received,  the undersigned hereby sells, assigns, and transfers
unto  the  person(s)  named  below  under  the  heading  "Transferees" the right
represented  by  the  within  Warrant  to  purchase the percentage and number of
shares  of  Common  Stock  of  Sequiam Corporation into which the within Warrant
relates  specified  under  the  headings  "Percentage  Transferred"  and "Number
Transferred,"  respectively, opposite the name(s) of such person(s) and appoints
each  such  person  Attorney  to  transfer  its respective right on the books of
Sequiam  Corporation  with  full  power  of  substitution  in  the  premises.

                                                      Percentage       Number
Transferees               Address                     Transferred    Transferred
-----------               -------                     -----------    -----------
________________________  _________________________  ______________  ___________

________________________  _________________________  ______________  ___________

________________________  _________________________  ______________  ___________

________________________  _________________________  ______________  ___________

Dated:________________________  ________________________________________________
                                (Signature must conform to name of holder as
                                specified on the face of the Warrant)

                                Address: _______________________________________
                                         _______________________________________

                                 SIGNED IN THE PRESENCE OF:

                                 _______________________________________________
                                                      (Name)
ACCEPTED AND AGREED:
[TRANSFEREE]

_______________________________
           (Name)

                                      B-1
<PAGE>

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