Document:

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                                                                   Exhibit 10.46

                       ASSIGNMENT AND ASSUMPTION OF LEASE

         THIS ASSIGNMENT AND ASSUMPTION OF LEASE ("Assignment") is made and
entered into as of this 24th day of January, 2002, by and between Inteflux,
Inc., an Arizona corporation ("Assignor"), and Integrated Information Systems,
Inc., a Delaware corporation ("Assignee"), with respect to the following facts:

         A.   Assignor is the tenant of that certain real property located in
              the County of Maricopa, State of Arizona, designated as Suite 310,
              consisting of approximately 3,514 square feet, 2600 North Central
              Avenue, City of Phoenix (the "Property"), which Assignor is
              leasing pursuant to the terms and conditions of a lease dated
              November 1, 2000, by and between Assignor as the tenant and SOFI -
              IV SIM Office Investors II Limited Partnership as the landlord of
              the Property (the "Lease"); and

         B.   Assignee desires to assume the Lease from Assignor and desires to
              perform the obligations of Assignor under the terms of the Lease,
              all in accordance with the terms and conditions of the Lease and
              Assignor desires to assign all of its right, title and interest in
              the Lease to Assignee.

         NOW, THEREFORE, in consideration of mutual covenants and promises
contained herein, and for valuable consideration, the receipt and sufficiency of
which are hereby mutually acknowledged and confessed, the parties hereby agree
as follows:

1. Assignment.

         Assignor hereby grants, assigns, transfers and sets over, and by these
presents, does hereby grant, assign, transfer and set over to Assignee the Lease
and all rights of Assignor contained therein.

2. Duties.

         Assignor hereby delegates to Assignee all the duties and obligations of
performance of and by the tenant under the Lease, and for and in consideration
of the Lease being assigned to Assignee, Assignee hereby accepts this Assignment
and agrees to assume and perform, and hereby assumes all of the duties,
obligations, covenants, agreements, promises, terms, conditions and provisions
contained in the Lease, to be observed, kept, performed or complied with by
Assignor under the Lease from and after the effective date hereof.

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3. Hold Harmless.

         Assignor hereby covenants to Assignee to hold Assignee harmless and
hereby agrees to indemnify Assignee from any claim, loss, liability, expense
(including, but not limited to, reasonable attorneys' fees), demand or cause of
action which may be asserted against or incurred by Assignee arising from, based
upon, or related to a breach or failure, refusal or inability to perform any
provision of the Lease in respect of the Assignor thereunder by Assignor which
occurred prior to the effective date of this Assignment.

         Assignee hereby covenants to Assignor to hold Assignor harmless and
hereby agrees to indemnify Assignor from any claim, loss, liability, expense
(including, but not limited to, reasonable attorneys' fees), demand or cause of
action which may be asserted against or incurred by Assignor arising from, based
upon or related to a breach or failure, refusal or inability to perform any
provision of the Lease in respect of the tenant thereunder by Assignee which
occurs subsequent to the effective date of this Assignment.

4. Successors and Assigns.

         All of the covenants and agreements of Assignor hereinabove contained
shall apply to and bind Assignor and Assignor's officers, directors, partners,
executors, administrators, successors and assigns.

         All of the covenants and agreements of Assignee hereinabove contained
shall apply to and bind Assignee and Assignee's officers, directors, partners,
executors, administrators, successors and assigns.

5. Notices.

         All notices, demands, requests, consents, approvals or other
communications (for the purposes of this section collectively called "Notices"),
required or permitted to be given hereunder, or which are given with respect to
this Assignment shall be in writing, and shall be given by express mail, Federal
Express. DHL, or other similar form of airborne/overnight delivery service, or
mailing in the United States mail by registered or certified mail, return
receipt requested, postage prepaid, addressed to the appropriate party(ies) as
follows:

         To Assignor:      Inteflux, Inc.
                           2600 North Central Avenue, Suite 310
                           Phoenix, Arizona 85004

         To Assignee:      Integrated Information Systems, Inc.
                           1480 South Hohokam Drive
                           Tempe, Arizona 85281

         To Landlord:      SOFI - IV SIM Office Investors, L.P.
                           C/o CB Richard Ellis
                           2415 East Camelback Road
                           Phoenix, AZ 85016
                           Attention: Asset Services

or such other address as the party(ies) shall have specified most recently by
like Notice. Any Notice shall be deemed to have been given upon delivery if made
by express mail, Federal Express, DHL, or any other similar form of airborne or
overnight delivery service, upon actual receipt, or if not received, upon the

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third business day following the date mailed, as provided herein. Assignor,
Assignee and Landlord, and their respective counsel, hereby agree that if Notice
is given hereunder by Assignor's or Assignee's counsel, such counsel may
communicate directly with all principals, as required to comply with the
foregoing Notice provisions.

6. Laws and Jurisdiction.

         This Assignment shall be governed by, interpreted under, and construed
and enforced in accordance with the laws of the State of Arizona applicable to
agreements made and to be performed wholly within the State of Arizona.

7. Entire Agreement.

         This Assignment contains the entire agreement between the parties with
respect to the subject matter hereof and supersedes all prior understandings, if
any, with respect thereto. This Assignment may not be modified, changed or
supplemented, nor may any obligations hereunder be waived, except by written
instrument signed by the party to be charged or by its agent duly authorized in
writing or as otherwise expressly permitted herein. The parties do not intend to
confer any benefit hereunder on any person, firm or corporation, other than the
parties hereto.

8. Waiver.

         No waiver of any breach of any agreement or provision herein contained
shall be deemed a waiver of any preceding or succeeding breach thereof, or of
any other agreement or provision herein contained. No extension of time for
performance of any obligations or acts shall be deemed an extension of time for
performance of any other obligations or acts contained herein.

9. Attorneys' Fees.

         Should either party institute any action or proceeding to enforce or
interpret this Assignment, or any provision hereof, or for damages by reason of
any alleged breach of this Assignment, or any provision hereof or for a
declaration of rights hereunder, the prevailing party in any such action or
proceeding shall be entitled to receive from the other party all costs and
expenses, including reasonable attorneys' and other fees, incurred by the
prevailing party in connection with such action or proceeding. The term
"attorneys' and other fees" shall mean and include attorneys' fees, accountants'
fees, and any and all other similar fees incurred in the preparation of the
action or proceeding. The term "action" or "proceeding" shall mean and include
actions, proceedings, suits, arbitrations, appeals and other similar
proceedings.

10. Further Agreement.

         Assignor and Assignee each agree to do such further acts, deeds and
things and execute and deliver such additional agreements and instruments as the
other may reasonably require to consummate, evidence or confirm the
transaction(s) and/or any other agreement(s) contemplated hereby or contained
herein in the manner contemplated by this Assignment.

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11. No Relief From Liability to Landlord.

         Notwithstanding anything contained herein to the contrary, Assignor and
Assignee understand that the Assignor shall not be relieved from liability with
respect to the Lease as it pertains to the duties and obligations owed to
Landlord under the terms and conditions of the Lease.

         IN WITNESS WHEREOF, this Assignment has been executed by Assignor and
Assignee as of the day and year first written above.

Assignee:                                 Assignor:
Integrated Information Systems, Inc.,     Inteflux, Inc.
a Delaware corporation                    an Arizona corporation

By: /s/ Mark N. Rogers                     By: /s/George D. Slessman
    ------------------                         ----------------------------
Its: VP                                    Its: CEO & shareholder INTEFLUX
     -----------------                          ---------------------------
Date: 1-23-2002                            Date: 1/24/2002
      ----------------                           --------------------------

The Landlord hereby consents to this Assignment without relieving in any way the
liability of the Assignor under the terms and conditions of the Lease for the
performance of the covenants thereof and without waiver of the restriction
concerning further assignment. The Landlord shall look to the Assignor and
Assignee, jointly and severally, for performance of the Lease.

/s/ Mark Grumley
----------------
Agent for Landlord

By:    Mark Grumley
Its:   VP
Date:  2-11-2002<PAGE>

                                                                   Exhibit 10.47

   ASSIGNMENT AND ASSUMPTION OF LEASE AND CONSENT TO ASSIGNMENT AND ASSUMPTION

         THIS ASSIGNMENT AND ASSUMPTION OF LEASE AND CONSENT TO ASSIGNMENT AND
ASSUMPTION, made as of the 15th day of November 2001, (as the same may
hereinafter be amended or modified, the "Agreement"), by and among Winfield
Allen, Inc., a Colorado corporation (hereinafter the "Assignor"), Integrated
Information Systems, Inc., a Delaware corporation ("Assignee") and A.H. Root,
Limited Liability Company (hereinafter "Landlord").

RECITALS

         A. Assignor is tenant under that certain Office Lease, dated as of
August 14, 1999 with A.H. Root, Limited Liability Company, as landlord (the
"Lease"), for certain premises in the building located at 2401 15th Street,
Suite 350, Denver, Colorado 80202 (the "Premises"), as more particularly
described in the Lease.

         B. Assignor desires to assign certain of its interests under the Lease
to Assignee, and Assignee desires to assume certain of the obligations of
Assignor thereunder, in accordance with the terms and conditions of this
Agreement.

         C. Landlord desires to consent to the assignment and assumption
contained in this Agreement and to release Assignor from certain of its
obligations under the Lease, in accordance with the terms and conditions of this
Agreement.

         NOW THEREFORE, in consideration of the premises and mutual covenants
herein set forth, and for $10.00 and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
agrees as follows:

         1. Assignment. Assignor hereby assigns, transfers and conveys unto
Assignee, effective as of the date hereof, all of Assignor's right, title and
interest in, to and under the Lease. From and after the date hereof, Assignor
and Landlord shall be responsible for, and hereby agree to indemnify and save
Assignee harmless from, any and all rent, claims, demands, actions, causes of
action, suits, proceedings, damages, liabilities, losses and costs and expenses,
including reasonable attorneys' fees, of every nature whatsoever, arising out of
Assignor's obligations under the Lease prior to the date of this Agreement.

         2. Assumption. Assignee hereby accepts the foregoing assignment,
transfer and conveyance and assumes the performance of all of the terms,
covenants, conditions and obligations of the Lease hereby assigned by Assignor
to Assignee from and after the date hereof. From and after the date hereof,
Assignee shall be responsible for, and hereby

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agrees to indemnify and save Assignor harmless from, any and all rent, claims,
demands, actions, causes of action, suits, proceedings, damages, liabilities,
losses and costs and expenses, including reasonable attorneys' fees, of every
nature whatsoever, arising out of Assignee's obligations under the Lease after
the date of this Agreement.

         3. Consent and Lease. Landlord hereby consents to the foregoing
Assignment and assumption and releases Assignor of and from any and all
liability to Landlord and the performance of any and all obligations on the part
of Assignor to be performed under the Lease arising out of Assignor's
obligations under the Lease prior to the date of this Agreement.

         4. Estoppel. Landlord represents, warrants, and covenants that (i) the
Lease is in full force and effect as of the date hereof and a true and correct
copy of the Lease is attached as Exhibit A; (ii) there have been no oral or
written modifications to the Lease except as shown on Exhibit A; (iii) there are
no actions, suits, proceedings or claims pending or threatened with respect to
or in any manner affecting the Lease or the Premises, nor does Landlord know of
any facts or circumstances which could reasonably form the basis for any such
actions, suits, claims or proceedings; (iv) all rent payments due under the
Lease have been paid in full as of the date hereof, and Assignor has fulfilled
all other obligations and made all other payments due thereunder; (v) Assignor
is not in default under any provision of the Lease; (vi) no other default
presently exists under the terms of the Lease; and (vii) no event has occurred
which, with the passage of time or action, would result in a default under the
Lease.

         5. Security Agreement. Landlord acknowledges that upon execution of
this Agreement, it will return to Assignor its security deposit of $25,466.22.
Concurrently therewith, Assignee will remit to Landlord a security deposit in
the same amount.

         6. Agreement Binding. This Agreement shall be binding upon and inure to
the benefit of the parties hereto and their heirs, executors, administrators,
successors in interest and assigns.

         7. Governing Law. The validity of this Agreement and of any of its
terms of provisions, as well as the rights and duties of the parties under this
Agreement shall be governed by and interpreted in accordance with the laws of
the State of Colorado.

         8. Enforcement. Any provision of this Agreement which is finally
determined by competent authority to be prohibited or unenforceable in any
jurisdiction shall, as to such provision and jurisdiction only, be deemed
severed to the extent of such prohibition or unenforceability, and, subject to
such severance, this Agreement shall continue in force and effect in accordance
with its other terms and conditions.

         9. Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, and all such
counterparts when taken together shall for all purposes constitute a single
instrument, binding on all parties hereto, notwithstanding that all parties
shall not have executed the same counterpart.

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This Agreement may be executed via facsimile, and such Agreement executed via
facsimile shall have the same force and effect as an original document and shall
be legally binding upon the parties.

         IN WITNESS WHEREOF, the parties hereto have executed this Assignment
and Assumption of Lease and Consent to Assignment and Assumption as of the date
first above written.

                                       ASSIGNOR:

                                       WINFIELD ALLEN, INC.

                                       By: /s/ Mark Day    11/15/01
                                           ----------------------------------
                                       Title: President

                                       ASSIGNEE:

                                       Integrated Information Systems, Inc.

                                       By: /s/ William Mahan
                                           ----------------------------------
                                       Name:  William Mahan
                                       Title: EVP/CFO

                                       LANDLORD:

                                       A.H. Root, Limited Liability Company

                                       By:/s/ Michael D. Plante   11/15/01
                                           ----------------------------------
                                       Name:  Michael D. Plante
                                       Title: Managing Member

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