Document:

Exhibit  10.7

                           GRANT OF SECURITY INTEREST

                            IN PATENTS AND TRADEMARKS

THIS  GRANT  OF  SECURITY  INTEREST ("Grant"), effected as of April 27, 2004, is
executed  by Sequiam Corporation, a California corporation ("Sequiam"), in favor
                                                             -------
of  Laurus  Master  Fund,  Ltd.  (the  "Secured  Party").
                                        --------------
A.     Pursuant  to  a Master Security Agreement dated as of the date hereof (as
amended,  restated,  supplemented  or  otherwise modified from time to time, the
"Security  Agreement") among Sequiam, certain other Assignors (as defined in the
 -------------------
Security  Agreement),  and  the Secured Party, the terms and provisions of which
are  hereby  incorporated  herein  as if fully set forth herein, Sequiam and the
other  Assignors  have  granted  a  security  interest  to  the Secured Party in
consideration  of  the  Secured  Party's  agreement to provide loans to Sequiam.
B.     Sequiam  (1)  has  adopted, used and is using the trademarks reflected in
the  trademark  registrations  and  trademark  applications in the United States
Patent  and  Trademark  Office more particularly described on Schedule 1 annexed
                                                              ----------
hereto  as part hereof (the "Trademarks"), and (2) has
                             ----------

                                        1
<PAGE>
registered or applied for registration in the United States Patent and Trademark
Office  of  the patents more particularly described on Schedule 2 annexed hereto
                                                       ----------
as  part  hereof  (the  "Patents").
                         -------
C.     Sequiam  wishes  to  confirm its grant to the Secured Party of a security
interest  in  all  right, title and interest of Sequiam in and to the Trademarks
and Patents, and all proceeds thereof, together with the business as well as the
goodwill  of  the  business  symbolized  by,  or  related  or pertaining to, the
Trademarks,  and  the  customer  lists and records related to the Trademarks and
Patents  and  all  causes of action which may exist by reason of infringement of
any  of  the  Trademarks  and  Patents  (collectively, the "T&P Collateral"), to
                                                            --------------
secure  the payment, performance and observance of the Obligations (as that term
is  defined  in  the  Security  Agreement).

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

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

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

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

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

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                        2
<PAGE>
IN  WITNESS WHEREOF, Sequiam has caused this instrument to be executed as of the
day  and  year  first  above  written.

                                   SEQUIAM  CORPORATION

                                   By:
                                       -----------------------------------------
                                       Name:
                                       Title:

                                        3
<PAGE>
                    SCHEDULE 1 TO GRANT OF SECURITY INTEREST
                    ----------------------------------------

                REGISTERED TRADEMARKS AND TRADEMARK APPLICATIONS

Trademark          Registration or        Registration or        Country
---------          ---------------        ---------------        -------
                 Application Number       Application Date
                 ------------------       ----------------
Sequiam          78375254                 01/26/04               USA

                                        4
<PAGE>
                    SCHEDULE 2 TO GRANT OF SECURITY INTEREST
                    ----------------------------------------

                         PATENTS AND PATENT APPLICATIONS

Patent             Registration or        Registration or        Country
---------          ---------------        ---------------        -------
                 Application Number       Application Date
                 ------------------       ----------------
None.

                                        5
<PAGE>
STATE  OF  _____________)
                        )  ss.:
COUNTY  OF  ____________)

     On  this  ____  day  of _________, ____, before me personally came ________
________________  who, being by me duly sworn, did state as follows:  that [s]he
is ______________ of Sequiam Corporation that [s]he is authorized to execute the
foregoing Grant on behalf of said corporation and that [s]he did so by authority
of  the  [Board  of  Directors]  of  said  corporation.

                                              _________________________
                                                   Notary  Public

                                        6
<PAGE>
STATE  OF  _____________)
                        )  ss.:
COUNTY  OF  ____________)

     On  this  ____  day  of _________, ____, before me personally came ________
_____________________  who,  being by me duly sworn, did state as follows:  that
[s]he  is  __________________  of  Laurus  Master  Fund,  Ltd.,  that  [s]he  is
authorized to execute the foregoing Grant on behalf of said corporation and that
[s]he did so by authority of the Board of Directors of said corporation.

                                              _________________________
                                                   Notary  Public

                                        7
<PAGE>Exhibit  10.8

                           GRANT OF SECURITY INTEREST

                            IN PATENTS AND TRADEMARKS
THIS  GRANT  OF  SECURITY  INTEREST ("Grant"), effected as of April 27, 2004, is
executed  by  Sequiam  Software,  Inc.,  a  California  corporation  ("Sequiam
                                                                       -------
Software"),  in  favor  of  Laurus  Master  Fund,  Ltd.  (the  "Secured Party").
--------                                                        -------------
A.     Pursuant  to  a Master Security Agreement dated as of the date hereof (as
amended,  restated,  supplemented  or  otherwise modified from time to time, the
"Security  Agreement")  among  Sequiam  Software,  certain  other  Assignors (as
 -------------------
defined  in  the  Security  Agreement),  and  the  Secured  Party, the terms and
provisions of which are hereby incorporated herein as if fully set forth herein,
Sequiam Software and the other Assignors have granted a security interest to the
Secured Party in consideration of the Secured Party's agreement to provide loans
to  Sequiam  Corporation.
B.     Sequiam  Software  (1)  has  adopted,  used  and  is using the trademarks
reflected  in  the  trademark  registrations  and  trademark applications in the
United  States  Patent  and  Trademark  Office  more  particularly  described on
Schedule  1  annexed  hereto  as  part  hereof  (the  "Trademarks"), and (2) has
-----------                                            ----------
registered or applied for registration in the United States Patent and Trademark
Office  of  the patents more particularly described on Schedule 2 annexed hereto
                                                       ----------
as  part  hereof  (the  "Patents").
                         -------
C.     Sequiam  Software  wishes  to confirm its grant to the Secured Party of a
security interest in all right, title and interest of Sequiam Software in and to
the Trademarks and Patents, and all proceeds thereof, together with the business
as  well as the goodwill of the business symbolized by, or related or pertaining
to, the Trademarks, and the customer lists and records related to the Trademarks
and  Patents  and all causes of action which may exist by reason of infringement
of  any  of  the Trademarks and Patents (collectively, the "T&P Collateral"), to
                                                            --------------
secure  the payment, performance and observance of the Obligations (as that term
is  defined  in  the  Security  Agreement).
     NOW,  THEREFORE,  for  good and valuable consideration, receipt of which is
Hereby

                                        1
<PAGE>
acknowledged:

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

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

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

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

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                        2
<PAGE>
IN  WITNESS  WHEREOF, Sequiam Software has caused this instrument to be executed
as of the day and year first above written.

                                   SEQUIAM  SOFTWARE,  INC.

                                   By:
                                       -----------------------------------------
                                       Name:
                                       Title:

                                        3
<PAGE>
                    SCHEDULE 1 TO GRANT OF SECURITY INTEREST
                    ----------------------------------------
                REGISTERED TRADEMARKS AND TRADEMARK APPLICATIONS

Trademark          Registration or        Registration or        Country
---------          ---------------        ---------------        -------
                 Application Number       Application Date
                 ------------------       ----------------
Book It, ROVER!   78357256                 01/26/04               USA
IRP               78357255                 01/26/04               USA

                    SCHEDULE 2 TO GRANT OF SECURITY INTEREST
                    ----------------------------------------

                         PATENTS AND PATENT APPLICATIONS

Patent             Registration or        Registration or        Country
---------          ---------------        ---------------        -------
                 Application Number       Application Date
                 ------------------       ----------------
None.

                                        4
<PAGE>
STATE  OF  _____________)
                        )  ss.:
COUNTY  OF  ____________)

     On  this  ____  day  of _________, ____, before me personally came ________
________________  who, being by me duly sworn, did state as follows:  that [s]he
is  ______________ of Sequiam Software, Inc. that [s]he is authorized to execute
the  foregoing  Grant  on  behalf  of  said corporation and that [s]he did so by
authority  of  the  [Board  of  Directors]  of  said  corporation.

                                         _________________________
                                              Notary  Public

                                        5
<PAGE>
STATE  OF  _____________)
                        )  ss:
COUNTY  OF  ____________)

     On  this  ____  day  of _________, ____, before me personally came ________
_____________________  who,  being by me duly sworn, did state as follows:  that
[s]he  is  __________________  of  Laurus  Master  Fund,  Ltd.,  that  [s]he  is
authorized to execute the foregoing Grant on behalf of said corporation and that
[s]he  did  so  by  authority  of  the  Board  of Directors of said corporation.

                                         _________________________
                                              Notary  Public

                                        6
<PAGE>

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