Document:

Exhibit 4.1

                               SEQUIAM CORPORATION
                       2003 EMPLOYEE STOCK INCENTIVE PLAN

  1. GENERAL PROVISIONS.

     1.1  Purpose.  This  Stock Incentive Plan (the "Plan") is intended to allow
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designated officers, directors (including non-employee directors), employees and
certain  non-employees,  including  any  independent  contractor  or  consultant
providing  services  to  the  Company  (all  of  whom are sometimes collectively
referred  to  herein  as  the "Employees," or individually as the "Employee") of
Sequiam  Corporation, a California corporation ("Sequiam" or the "Company"), and
its  Subsidiaries  (as that term is defined below) which they may have from time
to  time (Sequiam and such Subsidiaries are referred to herein as the "Company")
to  receive  certain  options  (the  "Stock Options") to purchase Sequiam common
stock, par value $0.001 per share (the "Common Stock"), and to receive grants of
the  Common  Stock  subject  to certain restrictions (the "Awards").  As used in
this  Plan,  the  term  "Subsidiary"  shall  mean  each  corporation  that  is a
"subsidiary  corporation" of Sequiam within the meaning of Section 424(f) of the
Internal  Revenue  Code  of  1986, as amended (the "Code").  The purpose of this
Plan  is  to  provide  equity-based compensation incentives to the Employees who
make  significant  and  extraordinary  contributions to the long-term growth and
performance  of  the  Company,  and  to  attract  and  retain  such  Employees.

     1.2  Administration.
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          1.2.1  The  Plan  shall  be administered by the Compensation Committee
(the  "Committee")  of,  or appointed by, the Board of Directors of Sequiam (the
"Board"),  which  may include all or any portion of the Board of Directors.  The
Committee shall select one of its members as Chairman and shall act by vote of a
majority  of  a  quorum,  or  by  unanimous  written consent.  A majority of its
members  shall  constitute  a  quorum.  The  Committee  shall be governed by the
provisions  of  Sequiam's  Bylaws and of California law applicable to the Board,
except  as  otherwise  provided  herein  or  determined  by  the  Board.

          1.2.2  The  Committee  shall  have full and complete authority, in its
discretion,  but  subject  to the express provisions of this Plan (a) to approve
the Employees nominated by the management of the Company to be granted Awards or
Stock  Options;  (b)  to  determine  the number of Awards or Stock Options to be
granted  to  an  Employee; (c) to determine the time or times at which Awards or
Stock  Options  shall be granted; (d) to establish the terms and conditions upon
which  Awards  or  Stock  Options  may be exercised; (e) to remove or adjust any
restrictions and conditions upon Awards or Stock Options; (f) to specify, at the
time  of  grant,  provisions  relating to exercisability of Stock Options and to
accelerate  or otherwise modify the exercisability of any Stock Options; and (g)
to  adopt such rules and regulations and to make all other determinations deemed
necessary or desirable for the administration of this Plan.  All interpretations
and  constructions  of  this  Plan  by  the  Committee,  and  all of its actions
hereunder,  shall  be  binding  and  conclusive on all persons for all purposes.

          1.2.3  The  Company  hereby agrees to indemnify and hold harmless each
Committee  member  and each Employee, and the estate and heirs of such Committee
member  or  Employee,  against  all  claims,  liabilities,  expenses, penalties,
damages  or  other  pecuniary losses, including legal fees, which such Committee
member  or  Employee,  his  estate  or  heirs  may  suffer  as  a  result of his
responsibilities,  obligations  or  duties  in connection with this Plan, to the
extent  that  insurance,  if  any, does not cover the payment of such items.  No
member  of  the  Committee  or  the  Board  shall  be  liable  for any action or

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determination made in good faith with respect to this Plan or any Award or Stock
Option  granted  pursuant  to  this  Plan.

     1.3  Eligibility and Participation.  The Employees eligible under this Plan
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shall  be  approved by the Committee from those Employees who, in the opinion of
the  management  of  the  Company,  are  in  positions  that enable them to make
significant  contributions  to  the  long-term  performance  and  growth  of the
Company.  In  selecting  the  Employees  to  whom  Award or Stock Options may be
granted,  consideration  shall  be given to factors such as employment position,
duties  and  responsibilities, ability, productivity, length of service, morale,
interest  in  the  Company  and  recommendations  of  supervisors.

     1.4  Shares  Subject  to  this  Plan.  The  maximum number of shares of the
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Common  Stock  that  may  be  issued  pursuant to this Plan shall be 10,000,000,
subject to adjustment pursuant to the provisions of Paragraph 4.1.  If shares of
the Common Stock awarded or issued under this Plan are reacquired by the Company
due  to a forfeiture or for any other reason, such shares shall be cancelled and
thereafter  shall  again  be  available  for  purposes of this Plan.  If a Stock
Option  expires,  terminates  or is cancelled for any reason without having been
exercised  in full, the shares of the Common Stock not purchased hereunder shall
again  be  available  for  purposes  of  this  Plan.

     1.5  Term.  The term of this Plan is for a period of ten (10) years from
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the date this Plan is adopted.

  2. PROVISIONS RELATING TO STOCK OPTIONS.

     2.1  Grants  of  Stock  Options.  The  Committee may grant Stock Options in
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such amounts, at such times, and to the Employees nominated by the management of
the  Company  as the Committee, in its discretion, may determine.  Stock Options
granted  under  this  Plan shall constitute "incentive stock options" within the
meaning  of  Section  422  of the Code, if so designated by the Committee on the
date  of  grant.  The  Committee  shall  also have the discretion to grant Stock
Options  that  do  not  constitute  incentive  stock options, and any such Stock
Options  shall be designated non-statutory stock options by the Committee on the
date  of  grant.  The  aggregate Fair Market Value (determined as of the time an
incentive  stock  option  is  granted) of the Common Stock with respect to which
incentive  stock  options  are  exercisable  for  the  first  time by any single
Employee  during  any  one calendar year (under all plans of the Company and any
parent or subsidiary of the Company) may not exceed the maximum amount permitted
under  Section  422  of  the  Code  (currently,  $100,000).  Non-statutory stock
options  shall  not  be  subject  to the limitations relating to incentive stock
options  contained  in  the  preceding  sentence.  Each  Stock  Option  shall be
evidenced  by a written agreement (the "Option Agreement") in a form approved by
the  Committee,  which  shall  be  executed  on behalf of the Company and by the
Employee  to whom the Stock Option is granted, and which shall be subject to the
terms  and  conditions  of this Plan.  In the discretion of the Committee, Stock
Options  may  include  provisions (which need not be uniform), authorized by the
Committee  in  its  discretion  that accelerate an Employee's rights to exercise
Stock  Options  following  a  "Change  in  Control,"  upon  termination  of  the
Employee's  employment  by  the  Company  without "Cause" or by the Employee for
"Good Reason," as such terms are defined in Paragraph 3.1 hereof.  The holder of
a  Stock Option shall not be entitled to the privileges of stock ownership as to
any  shares  of  the  Common  Stock  not  actually  issued  to  such  holder.

     2.2  Purchase  Price.  The  purchase price (the "Exercise Price") of shares
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of  the Common Stock subject to each Stock Option (the "Option Shares") shall be
the  Fair  Market  Value  of  the  Common  Stock on the date the Stock Option is
granted;  provided,  however,  for  designated  non-statutory stock options, the
Committee  may determine an Exercise Price at, above or below Fair Market Value.
For an Employee holding greater than 10 percent of the total voting power of all
stock  of  the  Company,  either  Common  or Preferred, the Exercise Price of an
incentive  stock  option  shall  be  at  least  110  percent  of  the

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Fair  Market  Value  of the Common Stock on the date of the grant of the option.
As  used  herein,  "Fair  Market  Value"  means the mean between the highest and
lowest  reported sales prices of the Common Stock on the New York Stock Exchange
Composite  Tape  or,  if  not  listed  on  such  exchange, on any other national
securities  exchange  on which the Common Stock is listed or on The NASDAQ Stock
Market,  or,  if  not so listed on any other national securities exchange or The
NASDAQ  Stock Market, then the average closing trading price of the Common Stock
during  the  last  five  trading  days  on  the  OTC  Bulletin Board immediately
preceding  the last trading day prior to the date with respect to which the Fair
Market  Value  is  to  be  determined.  If the Common Stock is not then publicly
traded,  then  the Fair Market Value of the Common Stock shall be the book value
of  the  Company  per  share  as  determined  on  the  last  day of March, June,
September, or December in any year closest to the date when the determination is
to  be  made.  For  the  purpose of determining book value hereunder, book value
shall  be  determined  by adding as of the applicable date called for herein the
capital,  surplus,  and  undivided  profits  of  the  Company,  and after having
deducted  any  reserves theretofore established; the sum of these items shall be
divided by the number of shares of the Common Stock outstanding as of said date,
and  the  quotient thus obtained shall represent the book value of each share of
the  Common  Stock  of  the  Company.

     2.3  Option Period.  The Stock Option period (the "Term") shall commence on
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the  date  of  grant  of  the Stock Option and shall be 10 years or such shorter
period  as is determined by the Committee.  Each Stock Option shall provide that
it  is  exercisable over its term in such periodic installments as the Committee
in  its  sole  discretion  may  determine.  Such provisions need not be uniform.
Section  16(b) of the Securities Exchange Act of 1934, as amended (the "Exchange
Act")  exempts persons normally subject to the reporting requirements of Section
16(a)  of  the  Exchange  Act (the "Section 16 Reporting Persons") pursuant to a
qualified  employee stock option plan from the normal requirement of not selling
until at least six months and one day from the date the Stock Option is granted.

     2.4  Exercise of Options.
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          2.4.1  Each Stock Option may be exercised in whole or in part (but not
as  to  fractional  shares) by delivering it for surrender or endorsement to the
Company,  attention  of  the Corporate Secretary, at the principal office of the
Company,  together with payment of the Exercise Price and an executed Notice and
Agreement of Exercise in the form prescribed by Paragraph 2.4.2.  Payment may be
made  (a)  in  cash;  (b)  by  cashier's or certified check; (c) by surrender of
previously owned shares of the Common Stock valued pursuant to Paragraph 2.2 (if
the Committee authorizes payment in stock in its discretion); (d) by withholding
from  the  Option Shares which would otherwise be issueable upon the exercise of
the Stock Option that number of Option Shares equal to the exercise price of the
Stock  Option,  if  such  withholding  is  authorized  by  the  Committee in its
Discretion;  (e)  to the extent permitted by applicable law and agreed to by the
Board  in its sole and absolute discretion, by delivering a written direction to
Sequiam  that  the  Option  be  exercised pursuant to a "cashless" exercise/sale
procedure  pursuant  to  which  funds  to  pay  for  exercise  of the Option are
delivered  to  Sequiam  by  a  broker  upon  receipt  of stock certificates from
Sequiam)  or  a  "cashless"  exercise/loan  procedure  (pursuant  to  which  the
Optionees would obtain a margin loan from a broker to fund the exercise) through
a  licensed  broker  acceptable  to  Sequiam  whereby  the  stock certificate or
certificates  for  the  shares of Common Stock for which the Option is exercised
will  be delivered to such broker as the agent for the individual exercising the
Option  and  the  broker  will  deliver  to  Sequiam  cash  (or cash equivalents
acceptable  to Sequiam) equal to the Option Price for the shares of Common Stock
purchased  pursuant  to  the  exercise of the Option plus the amount (if any) of
federal  and  other  taxes  that  Sequiam  may,  in its judgment, be required to
withhold with respect to the exercise of the Option; or (f) in the discretion of
the  Committee, by the delivery to the Company of the optionee's promissory note
secured  by  the Option Shares, bearing interest at a rate sufficient to prevent
the  imputation  of  interest under Sections 483 or 1274 of the Code, and having
such  other  terms  and  conditions  as  may  be  satisfactory to the Committee.

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          2.4.2  Exercise of each Stock Option is conditioned upon the agreement
of  the  Employee  to  the  terms  and conditions of this Plan and of such Stock
Option  as  evidenced  by  the Employee's execution and delivery of a Notice and
Agreement  of  Exercise  in  a  form  to  be  determined by the Committee in its
discretion.  Such Notice and Agreement of Exercise shall set forth the agreement
of  the Employee that (a) no Option Shares will be sold or otherwise distributed
in violation of the Securities Act of 1933, as amended (the "Securities Act") or
any  other  applicable  federal  or state securities laws, (b) each Option Share
certificate  may be imprinted with legends reflecting any applicable federal and
state  securities  law  restrictions  and conditions, (c) the Company may comply
with  said securities law restrictions and issue "stop transfer" instructions to
its  Transfer  Agent  and  Registrar without liability, (d) if the Employee is a
Section  16 Reporting Person, the Employee will furnish to the Company a copy of
each  Form  4  or Form 5 filed by said Employee and will timely file all reports
required  under  federal  securities  laws, and (e) the Employee will report all
sales  of  Option  Shares  to the Company in writing on a form prescribed by the
Company.

          2.4.3  No  Stock  Option  shall  be  exercisable  unless and until any
applicable  registration  or  qualification  requirements  of  federal and state
securities  laws,  and  all  other  legal requirements, have been fully complied
with.  The  Company will use reasonable efforts to maintain the effectiveness of
a  Registration  Statement  under  the  Securities Act for the issuance of Stock
Options  and  shares  acquired  there under, but there may be times when no such
Registration  Statement  will  be  currently  effective.  The  exercise of Stock
Options  may  be  temporarily  suspended without liability to the Company during
times  when  no  such  Registration  Statement is currently effective, or during
times  when,  in  the  reasonable  opinion  of the Committee, such suspension is
necessary  to  preclude  violation  of  any  requirements  of  applicable law or
regulatory  bodies  having  jurisdiction  over the Company.  If any Stock Option
would expire for any reason except the end of its term during such a suspension,
then  if  exercise  of such Stock Option is duly tendered before its expiration,
such  Stock  Option  shall  be  exercisable  and exercised (unless the attempted
exercise  is  withdrawn)  as  of the first day after the end of such suspension.
The Company shall have no obligation to file any Registration Statement covering
resales  of  Option  Shares.

     2.5   Continuous Employment.  Except as provided in Paragraph 2.7 below, an
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Employee  may  not  exercise a Stock Option unless from the date of grant to the
date of exercise the Employee remains continuously in the employ of the Company.
For  purposes  of  this Paragraph 2.5, the period of continuous employment of an
Employee with the Company shall be deemed to include (without extending the term
of the Stock Option) any period during which the Employee is on leave of absence
with  the  consent of the Company, provided that such leave of absence shall not
exceed  three  months and that the Employee returns to the employ of the Company
at  the expiration of such leave of absence.  If the Employee fails to return to
the  employ  of  the  Company  at  the  expiration of such leave of absence, the
Employee's employment with the Company shall be deemed terminated as of the date
such  leave of absence commenced.  The continuous employment of an Employee with
the Company shall also be deemed to include any period during which the Employee
is a member of the Armed Forces of the United States, provided that the Employee
returns  to  the  employ of the Company within 90 days (or such longer period as
may be prescribed by law) from the date the Employee first becomes entitled to a
discharge  from  military service.  If an Employee does not return to the employ
of  the  Company  within  90 days (or such longer period as may be prescribed by
law)  from  the  date  the  Employee  first becomes entitled to a discharge from
military  service, the Employee's employment with the Company shall be deemed to
have  terminated  as  of  the  date  the  Employee's  military  service  ended.

     2.6   Restrictions on Transfer.  Each Stock Option granted under this Plan
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shall be transferable only by will or the laws of descent and distribution.  No
interest of any Employee under this Plan shall be subject to attachment,
execution, garnishment, sequestration, the laws of bankruptcy or any other legal
or equitable process.  Each Stock Option granted under this Plan shall be
exercisable during an Employee's lifetime only by the Employee or by the
Employee's legal representative.

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     2.7  Termination of Employment.
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          2.7.1  Upon  an  Employee's  Retirement,  Disability (both terms being
defined  below)  or  death,  (a)  all Stock Options to the extent then presently
exercisable  shall remain in full force and effect and may be exercised pursuant
to  the  provisions  thereof,  including expiration at the end of the fixed term
thereof,  and  (b) unless otherwise provided by the Committee, all Stock Options
to  the extent not then presently exercisable by the Employee shall terminate as
of  the  date  of  such  termination  of employment and shall not be exercisable
thereafter.

          2.7.2  Upon  the termination of the employment of an Employee with the
Company  for  any  reason  other  than  the reasons set forth in Paragraph 2.7.1
hereof,  (a)  all  Stock Options to the extent then presently exercisable by the
Employee shall remain exercisable only for a period of 90 days after the date of
such  termination of employment (except that the 90 day period shall be extended
to  12  months  if the Employee shall die during such 90 day period), and may be
exercised pursuant to the provisions thereof, including expiration at the end of
the  fixed term thereof, and (b) unless otherwise provided by the Committee, all
Stock Options to the extent not then presently exercisable by the Employee shall
terminate  as  of  the  date  of such termination of employment and shall not be
exercisable  thereafter.

          2.7.3 For purposes of this Plan:

               (a)  "Retirement"  shall  mean  an Employee's retirement from the
employ of the Company on or after the date on which the Employee attains the age
of  65  years;  and

               (b)  "Disability" shall mean total and permanent incapacity of an
Employee, due to physical impairment or legally established mental incompetence,
to perform the usual duties of the Employee's employment with the Company, which
disability  shall  be determined (i) on medical evidence by a licensed physician
designated  by  the  Committee, or (ii) on evidence that the Employee has become
entitled  to  receive  primary  benefits as a disabled employee under the Social
Security  Act  in  effect  on  the  date  of  such  disability.

  3. PROVISIONS RELATING TO AWARDS.

     3.1   Grant  of  Awards.  Subject  to  the  provisions  of  this  Plan, the
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Committee shall have full and complete authority, in its discretion, but subject
to  the  express  provisions  of this Plan, to (1) grant Awards pursuant to this
Plan,  (2)  determine  the  number of shares of the Common Stock subject to each
Award  (the  "Award Shares"), (3) determine the terms and conditions (which need
not be identical) of each Award, including the consideration (if any) to be paid
by  the  Employee  for  such  the  Common  Stock,  which may, in the Committee's
discretion,  consist  of  the delivery of the Employee's promissory note meeting
the  requirements  of  Paragraph  2.4.1,  (4)  establish  and modify performance
criteria  for  Awards,  and  (5)  make  all  of  the determinations necessary or
advisable  with  respect  to Awards under this Plan.  Each Award under this Plan
shall  consist of a grant of shares of the Common Stock subject to a restriction
period  (after  which  the  restrictions  shall  lapse), which shall be a period
commencing  on  the  date  the  Award  is granted and ending on such date as the
Committee shall determine (the "Restriction Period").  The Committee may provide
for  the lapse of restrictions in installments, for acceleration of the lapse of
restrictions upon the satisfaction of such performance or other criteria or upon
the  occurrence  of  such  events  as the Committee shall determine, and for the
early  expiration of the Restriction Period upon an Employee's death, Disability
or  Retirement as defined in Paragraph 2.7.3, or, following a Change of Control,
upon  termination  of an Employee's employment by the Company without "Cause" or
by  the  Employee  for  "Good  Reason,"  as  those terms are defined herein. For
purposes  of  this  Plan:

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     "Change  of  Control"  shall be deemed to occur (a) on the date the Company
first  has  actual  knowledge  that any person (as such term is used in Sections
13(d)  and  14(d)(2)  of  the  Exchange Act) has become the beneficial owner (as
defined  in  Rule  13(d)-3  under  the Exchange Act), directly or indirectly, of
securities of the Company representing 40 percent or more of the combined voting
power  of  the  Company's  then  outstanding  securities, or (b) on the date the
stockholders of the Company approve (i) a merger of the Company with or into any
other  corporation  in  which the Company is not the surviving corporation or in
which  the  Company  survives  as  a  subsidiary  of another corporation, (ii) a
consolidation  of  the  Company with any other corporation, or (iii) the sale or
disposition  of  all  or  substantially all of the Company's assets or a plan of
complete  liquidation.

     "Cause,"  when  used  with reference to termination of the employment of an
Employee  by  the  Company  for  "Cause,"  shall  mean:

(a)  The Employee's willful and material breach of his duties to the Company; or

(b)  The conviction of the Employee of a felony; or

(c)  The Employee's commission of fraud in the course of his employment with the
Company, such as embezzlement or other material and intentional violation of law
against  the  Company;  or

(d)  The Employee's misconduct causing harm to the Company.

     3.2  Incentive  Agreements.  Each  Award  granted  under this Plan shall be
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evidenced  by  a written agreement (an "Incentive Agreement") in a form approved
by  the Committee and executed by the Company and the Employee to whom the Award
is  granted.  Each  Incentive  Agreement  shall  be  subject  to  the  terms and
conditions of this Plan and other such terms and conditions as the Committee may
specify.

     3.3  Waiver  of  Restrictions.  The Committee may modify or amend any Award
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under this Plan or waive any restrictions or conditions applicable to the Award.

     3.4  Terms and Conditions of Awards.  Upon receipt of an Award of shares of
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the  Common  Stock  under  this  Plan,  even  during  the Restriction Period, an
Employee  shall  be  the  holder  of record of the shares and shall have all the
rights  of  a  stockholder with respect to such shares, subject to the terms and
conditions  of  this  Plan  and  the  Award.

          3.4.1 Except as otherwise provided in this Paragraph 3.4, no shares of
the  Common  Stock  received  pursuant  to  this  Plan shall be sold, exchanged,
transferred,  pledged,  hypothecated  or  otherwise  disposed  of  during  the
Restriction Period applicable to such shares.  Any purported disposition of such
the  Common  Stock  in violation of this Paragraph 3.4.2 shall be null and void.

          3.4.2 If an Employee's employment with the Company terminates prior to
the expiration of the Restriction Period for an Award, subject to any provisions
of  the Award with respect to the Employee's death, Disability or Retirement, or
Change  of Control, all shares of the Common Stock subject to the Award shall be
immediately  forfeited  by  the  Employee and reacquired by the Company, and the
Employee  shall  have  no  further  rights  with  respect  to the Award.  In the
discretion  of  the Committee, an Incentive Agreement may provide that, upon the
forfeiture  by  an  Employee  of  Award  Shares,  the Company shall repay to the
Employee  the consideration (if any) that the Employee paid for the Award Shares
on  the  grant  of  the Award.  In the discretion of the Committee, an Incentive
Agreement  may also provide that such repayment shall include an interest factor
on  such  consideration  from  the date of the grant of the Award to the date of
such  repayment.

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          3.4.3  The Committee may require under such terms and conditions as it
deems  appropriate  or  desirable that (a) the certificates for the Common Stock
delivered  under  this Plan are to be held in custody by the Company or a person
or  institution  designated by the Company until the Restriction Period expires,
(b)  such  certificates shall bear a legend referring to the restrictions on the
Common Stock pursuant to this Plan, and (c) the Employee shall have delivered to
the  Company  a  stock  power  endorsed  in  blank relating to the Common Stock.

  4. MISCELLANEOUS PROVISIONS.

     4.1  Adjustments Upon Change in Capitalization.
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          4.1.1 The number and class of shares subject to each outstanding Stock
Option, the Exercise Price thereof (but not the total price), the maximum number
of  Stock  Options  that  may  be granted under this Plan, the minimum number of
shares  as  to  which  a  Stock Option may be exercised at any one time, and the
number  and  class  of  shares  subject  to  each  outstanding  Award,  shall be
proportionately  adjusted in the event of any increase or decrease in the number
of  the  issued  shares  of  the  Common  Stock which results from a split-up or
consolidation  of  shares,  payment of a stock dividend or dividends exceeding a
total of five percent for which the record dates occur in any one fiscal year, a
recapitalization  (other than the conversion of convertible securities according
to  their  terms),  a combination of shares or other like capital adjustment, so
that  (a)  upon  exercise  of  the  Stock Option, the Employee shall receive the
number  and  class  of  shares the Employee would have received had the Employee
been  the holder of the number of shares of the Common Stock for which the Stock
Option  is  being exercised upon the date of such change or increase or decrease
in  the  number  of  issued  shares  of  the  Company, and (b) upon the lapse of
restrictions  of  the  Award  Shares,  the Employee shall receive the number and
class  of  shares  the  Employee  would have received if the restrictions on the
Award  Shares  had  lapsed on the date of such change or increase or decrease in
the  number  of  issued  shares  of  the  Company.

          4.1.2  Upon  a  reorganization, merger or consolidation of the Company
with  one or more corporations as a result of which Sequiam is not the surviving
corporation or in which Sequiam survives as a wholly owned subsidiary of another
corporation,  or  upon a sale of all or substantially all of the property of the
Company  to another corporation, or any dividend or distribution to stockholders
of  more  than  10 percent of the Company's assets, adequate adjustment or other
provisions  shall  be  made by the Company or other party to such transaction so
that  there  shall  remain and/or be substituted for the Option Shares and Award
Shares  provided  for  herein, the shares, securities or assets which would have
been  issueable  or  payable in respect of or in exchange for such Option Shares
and  Award  Shares then remaining, as if the Employee had been the owner of such
shares  as  of  the  applicable  date.  Any  securities  so substituted shall be
subject  to  similar  successive  adjustments.

     4.2  Withholding  Taxes.  The  Company  shall have the right at the time of
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exercise  of  any  Stock  Option,  the  grant  of  an  Award,  or  the  lapse of
restrictions on Award Shares, to make adequate provision for any federal, state,
local  or  foreign  taxes  that  it believes are or may be required by law to be
withheld  with  respect  to  such  exercise (the "Tax Liability"), to ensure the
payment  of  any such Tax Liability.  The Company may provide for the payment of
any  Tax Liability by any of the following means or a combination of such means,
as  determined  by  the  Committee  in  its  sole and absolute discretion in the
particular  case  (1)  by requiring the Employee to tender a cash payment to the
Company,  (2) by withholding from the Employee's salary, (3) by withholding from
the  Option  Shares that would otherwise be issueable upon exercise of the Stock
Option,  or  from  the  Award  Shares  on  their  grant  or  date  of  lapse  of
restrictions,  that  number of Option Shares or Award Shares having an aggregate
Fair  Market  Value (determined in the manner prescribed by Paragraph 2.2) as of
the date the withholding tax obligation arises in an amount that is equal to the
Employee's  Tax  Liability  or  (4)  by  any  other  method  deemed

                                        7
<PAGE>
appropriate by the Committee.  Satisfaction of the Tax Liability of a Section 16
Reporting  Person  may  be made by the method of payment specified in clause (3)
above  only  if  the  following  two  conditions  are  satisfied:

          (a)  The withholding of Option Shares or Award Shares and the exercise
of the related Stock Option occur at least six months and one day following the
date of grant of such Stock Option or Award; and

          (b)  The  withholding  of Option Shares or Award Shares is made either
(i) pursuant to an irrevocable election (the "Withholding Election") made by the
Employee  at least six months in advance of the withholding of Options Shares or
Award  Shares, or (ii) on a day within a 10-day "window period" beginning on the
third  business  day following the date of release of the Company's quarterly or
annual  summary  statement  of  sales  and  earnings.

Anything  herein  to the contrary notwithstanding, a Withholding Election may be
disapproved  by  the  Committee  at  any  time.

     4.3  Relationship  to  Other  Employee  Benefit  Plans.  Stock  Options and
          -------------------------------------------------
Awards  granted hereunder shall not be deemed to be salary or other compensation
to  any  Employee  for  purposes  of  any pension, thrift, profit-sharing, stock
purchase  or any other employee benefit plan now maintained or hereafter adopted
by  the  Company.

     4.4  Amendments  and  Termination.  The  Board of Directors may at any time
          ----------------------------
suspend,  amend  or  terminate  this  Plan.

     4.5  Successors  in  Interest.  The provisions of this Plan and the actions
          ------------------------
of  the Committee shall be binding upon all heirs, successors and assigns of the
Company  and  of  the  Employees.

     4.6  Other  Documents.  All  documents  prepared,  executed or delivered in
          ----------------
connection  with this Plan (including, without limitation, Option Agreements and
Incentive  Agreements)  shall  be,  in  substance  and  form, as established and
modified  by  the Committee; provided, however, that all such documents shall be
subject in every respect to the provisions of this Plan, and in the event of any
conflict between the terms of any such document and this Plan, the provisions of
this  Plan  shall  prevail.

     4.7  No  Obligation  to Continue Employment.  This Plan and the grants that
          --------------------------------------
might  be  made  hereunder  shall  not  impose  any obligation on the Company to
continue  to  employ  any  Employee.  Moreover, no provision of this Plan or any
document executed or delivered pursuant to this Plan shall be deemed modified in
any  way  by any employment contract between an Employee (or other employee) and
the  Company.

     4.8  Misconduct  of  an  Employee.  Notwithstanding  any other provision of
          ----------------------------
this  Plan,  if  an  Employee  commits fraud or dishonesty toward the Company or
wrongfully  uses  or  discloses  any  trade  secret,  confidential data or other
information  proprietary to the Company, or intentionally takes any other action
materially  inimical  to the best interests of the Company, as determined by the
Committee,  in  its sole and absolute discretion, the Employee shall forfeit all
rights  and  benefits  under  this  Plan.

     4.9  Term  of Plan.  This Plan was adopted by the Board effective September
          -------------
23,  2003.  No Stock Options or Awards may be granted under this Plan after July
22,  2013.

                                        8
<PAGE>
     4.10  Governing  Law.  This Plan shall be construed in accordance with, and
           --------------
governed  by,  the  laws  of  the  State  of  California.

     4.11  Approval.  No  Stock  Option  shall be exercisable, or Award granted,
           --------
unless  and  until  the Directors of the Company have approved this Plan and all
other  legal  requirements  have  been  met.

     4.12 Compliance with Rule 16b-3.  Transactions under this Plan are intended
          --------------------------
to  comply with all applicable conditions of Rule 16b-3.  To the extent that any
provision  of  this Plan or action by the Committee fails to so comply, it shall
be  deemed null and void, to the extent permitted by law and deemed advisable by
the  Committee.

IN WITNESS WHEREOF, this Plan has been executed effective as of September 23,
2003.

          Sequiam Corporation

          By: /s/ Nicholas H. VandenBrekel
          ------------------------------------------------
          Nicholas H. VandenBrekel, President

                                        9
<PAGE>Exhibit 4.2

                              SEQUIAM CORPORATION
             2003 NON-EMPLOYEE DIRECTORS AND CONSULTANTS STOCK PLAN

1.   Introduction.  This  Plan  shall  be  known  as  "SEQUIAM  CORPORATION
     ------------
Non-Employee  Directors  and Consultants Stock Plan" and is hereinafter referred
to  as the "Plan".  The purposes of this Plan are to enable SEQUIAM CORPORATION,
a  California  corporation  (the  "Company"),  to  promote  the interests of the
Company  and its stockholders by attracting and retaining non-employee Directors
and  Consultants  capable of furthering the future success of the Company and by
aligning  their  economic  interests  more  closely  with those of the Company's
stockholders,  by  paying  their  retainer  or fees in the form of shares of the
Company's  common  stock,  par  value  $0.001  per  share  (the "Common Stock").

2.   Definitions.  The following terms shall have the meanings set forth below:
     -----------

     "Board" means the Board of Directors of the Company.

     "Change of Control" has the meaning set forth in Paragraph 12(d) hereof.

     "Code"  means  the Internal Revenue Code of 1986, as amended, and the rules
and  regulations  thereunder. References to any provision of the Code or rule or
regulation  thereunder  shall  be  deemed  to  include  any amended or successor
provision,  rule  or  regulation.

     "Committee"  means  the committee that administers this Plan, as more fully
defined  in  Paragraph  13  hereof.

     "Common Stock" has the meaning set forth in Paragraph 1 hereof.

     "Company" has the meaning set forth in Paragraph 1 hereof.

     "Deferral Election" has the meaning set forth in Paragraph 6 hereof.

     "Deferred  Stock  Account"  means  a  bookkeeping account maintained by the
Company  for a Participant representing the Participant's interest in the shares
credited  to  such  Deferred  Stock  Account  pursuant  to  Paragraph  7 hereof.

     "Delivery Date" has the meaning set forth in Paragraph 6 hereof.

     "Director" means an individual who is a member of the Board of Directors of
the Company.

     "Dividend  Equivalent"  for  a given dividend or other distribution means a
number  of  shares  of  the  Common  Stock having a Fair Market Value, as of the
record date for such dividend or distribution, equal to the amount of cash, plus
the  fair  market  value  on  the  date of distribution of any property, that is
distributed  with  respect  to  one  share  of the Common Stock pursuant to such
dividend  or  distribution;  such  fair  market  value  to  be determined by the
Committee  in  good  faith.

     "Effective Date" has the meaning set forth in Paragraph 3 hereof.

                                        1
<PAGE>
     "Exchange Act" has the meaning set forth in Paragraph 13(b) hereof.

     "Fair  Market Value" means the mean between the highest and lowest reported
sales  prices  of the Common Stock on the New York Stock Exchange Composite Tape
or, if not listed on such exchange, on any other national securities exchange on
which  the  Common  Stock is listed or on The NASDAQ Stock Market, or, if not so
listed  on  any  other  national securities exchange or The NASDAQ Stock Market,
then  the average closing trading price of the Common Stock during the last five
trading  days  on  the OTC Bulletin Board immediately preceding the last trading
day  prior  to  the  date  with  respect to which the Fair Market Value is to be
determined.

     "Participant" has the meaning set forth in Paragraph 4 hereof.

     "Payment Time" means the time when a Stock Retainer is payable to a
Participant pursuant to Paragraph 5 hereof (without regard to the effect of any
Deferral Election).

     "Stock Retainer" has the meaning set forth in Paragraph 5 hereof.

     "Third Anniversary" has the meaning set forth in Paragraph 6 hereof.

3.   Effective  Date  of the Plan.  This Plan was adopted by the Board effective
     ----------------------------
September  23,  2003  (the  "Effective  Date").

4.   Eligibility.  Each  individual  who  is  a  Director  or  Consultant on the
     -----------
Effective  Date  and  each  individual  who  becomes  a  Director  or Consultant
thereafter  during  the  term  of  this  Plan,  shall  be  a  participant  (the
"Participant")  in this Plan, in each case during such period as such individual
remains a Director or Consultant and is not an employee of the Company or any of
its  subsidiaries.  Each  credit  of shares of the Common Stock pursuant to this
Plan shall be evidenced by a written agreement duly executed and delivered by or
on  behalf of the Company and a Participant, if such an agreement is required by
the  Company  to  assure  compliance  with  all applicable laws and regulations.

5.   Grants  of  Shares.  Commencing  on  the  Effective  Date,  the  amount  of
     ------------------
compensation  to directors or consultants for services rendered shall be payable
in  shares  of  the Common Stock (the "Stock Retainer") pursuant to this Plan at
the  deemed  issuance  price  of  the  Fair  Market  Value  per  Share.

6.   Deferral Option.  From and after the Effective Date, a Participant may make
     ---------------
an  election (a "Deferral Election") on an annual basis to defer delivery of the
Stock  Retainer specifying which one of the following ways the Stock Retainer is
to  be  delivered  (a) on the date which is three years after the Effective Date
for  which  it was originally payable (the "Third Anniversary"), (b) on the date
upon  which the Participant ceases to be a Director or Consultant for any reason
(the  "Departure  Date")  or (c) in five equal annual installments commencing on
the  Departure  Date  (the  "Third  Anniversary" and "Departure Date" each being
referred  to  herein as a "Delivery Date").  Such Deferral Election shall remain
in  effect  for each Subsequent Year unless changed, provided that, any Deferral
Election  with  respect  to  a  particular Year may not be changed less than six
months  prior to the beginning of such Year, and provided, further, that no more
than  one  Deferral  Election  or  change  thereof  may  be  made  in  any Year.

     Any Deferral Election and any change or revocation thereof shall be made by
delivering  written  notice  thereof  to  the Committee no later than six months
prior to the beginning of the Year in which it is to be effected; provided that,
with  respect to the Year beginning on the Effective Date, any Deferral Election
or  revocation  thereof must be delivered no later than the close of business on
the  30th  day  after  the  Effective  Date.

                                        2
<PAGE>
7.   Deferred  Stock  Accounts.  The  Company  shall  maintain  a Deferred Stock
     -------------------------
Account  for  each  Participant  who makes a Deferral Election to which shall be
credited,  as of the applicable Payment Time, the number of shares of the Common
Stock  payable  pursuant  to  the  Stock Retainer to which the Deferral Election
relates.  So  long  as  any amounts in such Deferred Stock Account have not been
delivered  to  the  Participant  under  Paragraph  8 hereof, each Deferred Stock
Account  shall be credited as of the payment date for any dividend paid or other
distribution  made  with respect to the Common Stock, with a number of shares of
the  Common Stock equal to (a) the number of shares of the Common Stock shown in
such Deferred Stock Account on the record date for such dividend or distribution
multiplied  by  (b)  the  Dividend Equivalent for such dividend or distribution.

8.   Delivery of Shares.
     ------------------

     (a)  The  shares  of  the  Common  Stock  in a Participant's Deferred Stock
Account  with  respect  to  any Stock Retainer for which a Deferral Election has
been  made (together with dividends attributable to such shares credited to such
Deferred  Stock  Account) shall be delivered in accordance with this Paragraph 8
as  soon as practicable after the applicable Delivery Date.  Except with respect
to  a  Deferral  Election  pursuant to Paragraph 6(c) hereof, or other agreement
between  the parties, such shares shall be delivered at one time; provided that,
if  the  number  of shares so delivered includes a fractional share, such number
shall  be rounded to the nearest whole number of shares.  If the Participant has
in  effect  a  Deferral  Election  pursuant  to Paragraph 6(c) hereof, then such
shares  shall  be  delivered  in  five  equal annual installments (together with
dividends  attributable to such shares credited to such Deferred Stock Account),
with  the first such installment being delivered on the first anniversary of the
Delivery  Date;  provided  that,  if  in  order  to  equalize such installments,
fractional  shares  would  have  to  be  delivered,  such  installments shall be
adjusted  by  rounding to the nearest whole share.  If any such shares are to be
delivered  after  the  Participant  has died or become legally incompetent, they
shall  be  delivered  to the Participant's estate or legal guardian, as the case
may be, in accordance with the foregoing; provided that, if the Participant dies
with  a  Deferral  Election  pursuant  to  Paragraph  6(c) hereof in effect, the
Committee  shall  deliver  all remaining undelivered shares to the Participant's
estate immediately.  References to a Participant in this Plan shall be deemed to
refer  to  the  Participant's  estate  or  legal  guardian,  where  appropriate.

     (b)  The  Company may, but shall not be required to, create a grantor trust
or  utilize  an existing grantor trust (in either case, "Trust") to assist it in
accumulating  the  shares  of the Common Stock needed to fulfill its obligations
under this Paragraph 8.  However, Participants shall have no beneficial or other
interest  in  the Trust and the assets thereof, and their rights under this Plan
shall  be  as  general  creditors of the Company, unaffected by the existence or
nonexistence  of  the  Trust,  except  that  deliveries  of  Stock  Retainers to
Participants  from  the  Trust  shall,  to  the  extent  thereof,  be treated as
satisfying  the  Company's  obligations  under  this  Paragraph  8.

9.   Share  Certificates;  Voting and Other Rights.  The certificates for shares
     ---------------------------------------------
delivered  to a Participant pursuant to Paragraph 8 above shall be issued in the
name  of  the  Participant,  and  from  and  after the date of such issuance the
Participant shall be entitled to all rights of a stockholder with respect to the
Common Stock for all such shares issued in his name, including the right to vote
the  shares,  and  the  Participant  shall  receive  all  dividends  and  other
distributions  paid  or  made  with  respect  thereto.

10.  General Restrictions.
     --------------------

     (a)  Notwithstanding  any  other  provision of this Plan or agreements made
pursuant  thereto,  the  Company  shall  not be required to issue or deliver any
certificate or certificates for shares of the Common Stock under this Plan prior
to  fulfillment  of  all  of  the  following  conditions:

                                        3
<PAGE>
          (i)  Listing  or approval for listing upon official notice of issuance
of  such  shares  on the New York Stock Exchange, Inc., the NASDAQ Stock Market,
the  American  Stock  Exchange,  OTC  Bulletin  Board,  or such other securities
exchange  as  may  at  the  time  be  a  market  for  the  Common  Stock;

          (ii)  Any registration or other qualification of such shares under any
state  or  federal  law  or regulation, or the maintaining in effect of any such
registration  or  other qualification which the Committee shall, upon the advice
of  counsel,  deem  necessary  or  advisable;  and

          (iii)  Obtaining any other consent, approval, or permit from any state
or  federal  governmental  agency which the Committee shall, after receiving the
advice  of  counsel,  determine  to  be  necessary  or  advisable.

     (b)  Nothing contained in this Plan shall prevent the Company from adopting
other  or  additional  compensation  arrangements  for  the  Participants.

11.  Shares  Available.  Subject  to  Paragraph  12 below, the maximum number of
     -----------------
shares of the Common Stock which may in the aggregate be paid as Stock Retainers
pursuant  to this Plan is 5,000,000.  Shares of the Common Stock issueable under
this  Plan  may be taken from treasury shares of the Company or purchased on the
open  market.

12.  Adjustments;  Change  of  Control.
     ---------------------------------

     (a)  In  the  event  that there is, at any time after the Board adopts this
Plan, any change in corporate capitalization, such as a stock split, combination
of  shares,  reclassification,  or recapitalization, or a corporate transaction,
such  as  any  merger,  consolidation,  separation,  including a spin-off, stock
dividend,  or  other  extraordinary  distribution  of  stock  or property of the
Company, any reorganization (whether or not such reorganization comes within the
definition  of  such term in Section 368 of the Code) or any partial or complete
liquidation of the Company (each of the foregoing a "Transaction"), in each case
other  than  any  such  Transaction  which  constitutes  a Change of Control (as
defined  below),  (i)  the  Deferred  Stock  Accounts shall be credited with the
amount  and kind of shares or other property which would have been received by a
holder  of  the number of shares of the Common Stock held in such Deferred Stock
Account  had  such  shares  of  the  Common  Stock  been  outstanding  as of the
effectiveness  of  any  such  Transaction, (ii) the number and kind of shares or
other  property subject to this Plan shall likewise be appropriately adjusted to
reflect the effectiveness of any such Transaction, and (iii) the Committee shall
appropriately  adjust  any  other  relevant provisions of this Plan and any such
modification  by  the  Committee shall be binding and conclusive on all persons.

     (b)  If  the  shares  of  the  Common  Stock credited to the referred Stock
Accounts  are  converted  pursuant  to  Paragraph  12(a)  into  another  form of
property,  references  in  this  Plan to the Common Stock shall be deemed, where
appropriate,  to  refer  to  such  other  form  of  property,  with  such  other
modifications as may be required for this Plan to operate in accordance with its
purposes.  Without  limiting  the  generality  of  the  foregoing, references to
delivery of certificates for shares of the Common Stock shall be deemed to refer
to delivery of cash and the incidents of ownership of any other property held in
the  Deferred  Stock  Accounts.

     (c)  In  lieu  of  the  adjustment  contemplated by Paragraph 12(a), in the
event  of  a  Change  of  Control,  the following shall occur on the date of the
Change  of Control (i) the shares of the Common Stock held in each Participant's
Deferred  Stock  Account  shall be deemed to be issued and outstanding as of the
Change  of Control; (ii) the Company shall forthwith deliver to each Participant
who  has  a  Deferred

                                        4
<PAGE>
Stock  Account  all of the shares of the Common Stock or any other property held
in  such  Participant's  Deferred  Stock  Account;  and (iii) this Plan shall be
terminated.

     (d)  For  purposes  of  this  Plan, Change of Control shall mean any of the
following  events:

          (i)  The  acquisition  by  any individual, entity or group (within the
meaning  of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934,
as  amended  (the  "Exchange Act")) (a "Person") of beneficial ownership (within
the  meaning  of Rule 13d-3 promulgated under the Exchange Act) of 40 percent or
more  of  either  (1)  the  then  outstanding  shares of the Common Stock of the
Company  (the  "Outstanding  Company  Common Stock"), or (2) the combined voting
power  of  then  outstanding  voting  securities of the Company entitled to vote
generally  in  the  election  of  directors  (the  "Outstanding  Company  Voting
Securities");  provided,  however,  that  the  following  acquisitions shall not
constitute  a  Change  of  Control (A) any acquisition directly from the Company
(excluding  an  acquisition  by virtue of the exercise of a conversion privilege
unless  the  security  being  so converted was itself acquired directly from the
Company),  (B)  any  acquisition  by  the  Company,  (C)  any acquisition by any
employee  benefit plan (or related trust) sponsored or maintained by the Company
or  any  corporation  controlled  by  the  Company or (D) any acquisition by any
corporation pursuant to a reorganization, merger or consolidation, if, following
such  reorganization,  merger  or  consolidation,  the  conditions  described in
clauses  (A),  (B)  and  (C)  of  paragraph  (iii)  of  this Paragraph 12(d) are
satisfied;  or

          (ii)  Individuals  who, as of the date hereof, constitute the Board of
the  Company  (as of the date hereof, "Incumbent Board") cease for any reason to
constitute  at  least  a  majority  of  the  Board;  provided, however, that any
individual  becoming a director subsequent to the date hereof whose election, or
nomination for election by the Company's stockholders, was approved by a vote of
at  least  a majority of the directors then comprising the Incumbent Board shall
be  considered  as  though such individual were a member of the Incumbent Board,
but excluding, for this purpose, any such individual whose initial assumption of
office occurs as a result of either an actual or threatened election contest (as
such  terms  are  used  in  Rule  14a-11 of Regulation 14A promulgated under the
Exchange  Act) or other actual or threatened solicitation of proxies or consents
by  or  on  behalf  of  a  Person  other  than  the  Board;  or

          (iii) Approval by the stockholders of the Company of a reorganization,
merger,  binding  share  exchange  or  consolidation,  unless,  following  such
reorganization, merger, binding share exchange or consolidation (1) more than 60
percent  of,  respectively,  then  outstanding  shares  of  common  stock of the
corporation  resulting  from such reorganization, merger, binding share exchange
or  consolidation  and  the  combined  voting  power  of then outstanding voting
securities  of  such  corporation  entitled to vote generally in the election of
directors  is  then  beneficially  owned,  directly  or  indirectly,  by  all or
substantially  all  of  the  individuals  and  entities  who were the beneficial
owners,  respectively,  of  the Outstanding Company Common Stock and Outstanding
Company  Voting  Securities  immediately  prior  to such reorganization, merger,
binding share exchange or consolidation in substantially the same proportions as
their ownership, immediately prior to such reorganization, merger, binding share
exchange  or  consolidation,  of  the  Outstanding  Company  Common  Stock  and
Outstanding  Company  Voting  Securities,  as  the  case  may  be, (2) no Person
(excluding  the  Company,  any  employee  benefit plan (or related trust) of the
Company  or such corporation resulting from such reorganization, merger, binding
share  exchange or consolidation and any Person beneficially owning, immediately
prior  to  such reorganization, merger, binding share exchange or consolidation,
directly  or  indirectly,  20  percent or more of the Outstanding Company Common
Stock or Outstanding Company Voting Securities, as the case may be) beneficially
owns,  directly  or  indirectly,  20  percent  or  more  of,  respectively, then
outstanding  shares  of  common  stock  of  the  corporation resulting from such
reorganization,  merger, binding share exchange or consolidation or the combined
voting  power of then outstanding voting securities of such corporation entitled
to  vote  generally in the election of directors, and (3) at least a majority of
the  members  of  the  board of directors of the corporation resulting from such
reorganization,

                                        5
<PAGE>
merger,  binding  share  exchange or consolidation were members of the Incumbent
Board  at  the time of the execution of the initial agreement providing for such
reorganization,  merger,  binding  share  exchange  or  consolidation;  or

          (iv)  Approval  by  the  stockholders of the Company of (1) a complete
liquidation  or dissolution of the Company, or (2) the sale or other disposition
of  all  or  substantially  all  of  the  assets of the Company, other than to a
corporation, with respect to which following such sale or other disposition, (A)
more  than  60 percent of, respectively, then outstanding shares of common stock
of  such  corporation  and  the combined voting power of then outstanding voting
securities  of  such  corporation  entitled to vote generally in the election of
directors  is  then  beneficially  owned,  directly  or  indirectly,  by  all or
substantially  all  of  the  individuals  and  entities  who were the beneficial
owners,  respectively,  of  the Outstanding Company Common Stock and Outstanding
Company Voting Securities immediately prior to such sale or other disposition in
substantially  the same proportion as their ownership, immediately prior to such
sale  or  other  disposition,  of  the  Outstanding  Company  Common  Stock  and
Outstanding  Company  Voting  Securities,  as  the  case  may  be, (B) no Person
(excluding  the  Company and any employee benefit plan (or related trust) of the
Company  or  such  corporation  and  any Person beneficially owning, immediately
prior  to  such sale or other disposition, directly or indirectly, 20 percent or
more  of  the  Outstanding  Company  Common  Stock or Outstanding Company Voting
Securities,  as  the  case may be) beneficially owns, directly or indirectly, 20
percent  or  more  of,  respectively, then outstanding shares of common stock of
such  corporation  and  the  combined  voting  power  of then outstanding voting
securities  of  such  corporation  entitled to vote generally in the election of
directors,  and (3) at least a majority of the members of the board of directors
of  such  corporation  were  members  of  the Incumbent Board at the time of the
execution  of  the  initial  agreement or action of the Board providing for such
sale  or  other  disposition  of  assets  of  the  Company.

13.  Administration; Amendment and Termination.
     -----------------------------------------

     (a)  This  Plan  shall  be  administered  by  a committee consisting of two
members  who  shall  be the current directors of the Company or senior executive
officers or other directors who are not Participants as may be designated by the
Chief  Executive  Officer (the  "Committee"), which shall have full authority to
construe  and  interpret  this  Plan,  to establish, amend and rescind rules and
regulations  relating  to  this  Plan, and to take all such actions and make all
such  determinations  in  connection  with this Plan as it may deem necessary or
desirable.

     (b)  The  Board  may  from  time to time make such amendments to this Plan,
including  to preserve or come within any exemption from liability under Section
16(b) of the Exchange Act, as it may deem proper and in the best interest of the
Company  without  further approval of the Company's stockholders, provided that,
to  the  extent  required under Nevada law or to qualify transactions under this
Plan  for  exemption  under  Rule  16b-3  promulgated under the Exchange Act, no
amendment  to  this  Plan  shall  be  adopted  without  further  approval of the
Company's  stockholders  and,  provided,  further,  that  if  and  to the extent
required  for this Plan to comply with Rule 16b-3 promulgated under the Exchange
Act,  no  amendment  to  this Plan shall be made more than once in any six month
period that would change the amount, price or timing of the grants of the Common
Stock  hereunder  other  than  to comport with changes in the Code, the Employee
Retirement  Income  Security  Act  of  1974,  as  amended,  or  the  regulations
thereunder.  The Board may terminate this Plan at any time by a vote of a
majority of the members thereof.

                                        6
<PAGE>
14.  Miscellaneous.
     -------------

     (a)  Nothing  in  this Plan shall be deemed to create any obligation on the
part  of  the  Board  to  nominate  any Director for reelection by the Company's
stockholders  or to limit the rights of the stockholders to remove any Director.

     (b)  The  Company shall have the right to require, prior to the issuance or
delivery  of  any  shares  of  the  Common  Stock  pursuant to this Plan, that a
Participant  make arrangements satisfactory to the Committee for the withholding
of  any  taxes  required  by  law to be withheld with respect to the issuance or
delivery  of  such  shares, including, without limitation, by the withholding of
shares  that  would otherwise be so issued or delivered, by withholding from any
other payment due to the Participant, or by a cash payment to the Company by the
Participant.

     14.1  Governing  Law.  The  Plan  and all actions taken thereunder shall be
           --------------
governed  by  and  construed  in  accordance  with  the  laws  of  the  State of
California.

IN WITNESS WHEREOF, this Plan has been executed effective as of September 23,
2003

                    SEQUIAM CORPORATION

                    By: /s/ Nicholas H. VandenBrekel
                    ------------------------------------------
                    Nicholas H. VandenBrekel, President

                                        7
<PAGE>

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