Document:

Exhibit 10.70

    
      

    

     

    
 

    March
      1,
      2005

    

    Mr.
      Kevin
      Henderson

    655
      Davis
      Road

    League
      City, TX 77573

    

    Dear
      Mr.
      Henderson:

    

    Sequiam
      Biometrics, Inc. (“the Company”) is pleased to offer you the position of Vice
      President Product Development with an effective start date of March 1, 2005.
      

    

    As
      Vice
      President Product Development you will serve
      the
      Company faithfully, diligently and to the best of your ability, under the
      direction of the CTO of the Company. You will render such services during the
      term of employment from your present location in Houston, Texas, although you
      may be required to travel at company’s expense to the Company’s principal place
      of business, or at such alternate locations as may be agreed upon with the
      CTO,
      and you will devote all of your business time to the performance of your duties.
      

    

    You
      will
      have such duties and powers as
      generally pertain to the office of Vice President Product Development for both
      product development and business development of said products, subject to the
      control of the CTO. The
      precise services and duties that you are obligated to perform may from time
      to
      time be changed, amended, extended or curtailed by the CTO of the
      Company.

    

    The
      Term
      of your employment shall commence on March 1, 2005 and continue thereafter
      for a
      term of two (2) years, or earlier terminated subject to the terms and conditions
      set forth below. 

    

    The
      Company will pay you a minimum annual salary of thirty-six thousand dollars
      ($36,000.00), payable in equal installments at the end of such regular payroll
      accounting periods as are established by the Company. 

    

    Incentive
      Stock Options will be granted for 500,000 common shares of the Sequiam
      Corporation at the market price as of the date of employment in accordance
      with
      the Sequiam Corporation 2003 Employee Stock Incentive Plan. The options will
      vest in three equal amounts over a three (3) year period. Vesting may be
      accelerated based upon reaching agreed upon stock price goals during the
      three-year term of employment, as follows: 1/3 of the options will vest upon
      the
      stock reaching $1.14 (sustained for a period of at least 1 calendar month),
      2/3
      when stock reaches $2.29 per share (sustained for a period of at least 1
      calendar month), and 100% vesting when the stock reaches $3.43 per share in
      keeping with a five-year goal of reaching $15.00 per share. The stock must
      average the indicated prices for 1 calendar month before the goal is considered
      met.

    

    

    300
      Sunport Lane • Orlando, Florida 32809

    Phone:
      407.541.0773 • Fax: 407.240.1431

    www.sequiam.com•
      sales@sequiam.com

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    The
      strike price at which employee shall be entitled to exercise the option to
      purchase the subject 500,000 shares shall be the closing price at which the
      company stock is sold on March 1, 2005, with the agreement being that the
      options will be exercisable at any time prior to the option expiration. The
      options will be viable and exercisable in accordance with the plan. One third
      (1/3rd)
      of the
      options will be issued one (1) year from the date of employee’s first date of
      employment, one third (1/3rd)
      two (2)
      years from the first date of employee’s employment, and the remaining one third
      (1/3rd)
      three
      (3) years from the first date of employee’s employment, unless sooner issued as
      set forth in the vesting schedule, with the terms “vesting date” and “issuance
      date” having the same meaning.

    

    In
      addition, the Company may adjust the salary upward from time to time, and award
      bonuses in cash, or other property and services.

    

    During
      the term of employment, you shall be entitled to participate in all medical
      and
      other employee benefit plans, including vacation, sick leave, retirement
      accounts, profit sharing, stock option plans, stock appreciation rights, and
      other employee benefits, provided by the Company to employees of the same or
      similar hierarchy.

    

    The
      Company shall reimburse you for reasonable and necessary expenses incurred
      by
      you on behalf of the Company in the performance of your duties provided that
      such expenses are adequately documented in accordance with the Company's written
      policies, which the company will provide to you in advance of your incurring
      such expense.

    

    You
      will
      devote as much of your business and professional time and effort, attention,
      knowledge, and skill to the management, supervision and direction of the
      Company’s business and affairs as is necessary to ensure the success of the
      Company as determined solely by the CTO. You may not, during the term of
      employment be interested directly or indirectly, in any manner, as partner,
      officer, director, advisor, employee or in any other capacity in any other
      business; except that nothing shall prevent or limit your right to invest any
      of
      your surplus funds in the capital stock or other securities of any company
      or
      limited partnership, or whose stock or securities are publicly owned or are
      regularly traded on any public exchange; nor shall anything herein prevent
      you
      from investing or limit your right to invest your surplus funds in real estate;
      nor shall anything herein prevent you from serving in a volunteer capacity
      as
      officer, director, or advisor for professional or charitable organizations
      with
      which you are or may become affiliated. You will be able to provide support
      to
      prior obligations of projects sold to other companies upon disclosure to and
      agreement with the CTO.

    

    Your
      employment can be terminated for cause. The Company shall have no obligations
      beyond thirty days notice in the case of termination by cause. Incentive Stock
      Options vested at date of termination may be exercised in accordance with the
      Sequiam Company 2003 Employee Stock Incentive Plan. Termination for cause shall
      be defined as, and limited to gross dereliction of executive duties, including
      your intentional violation of any written company policies, which violation
      causes the Company substantial damage, violation of any federal or state laws
      that materially impact the company’s financial performance, its reputation or
      relationships with customers. 

    

    The
      CEO
      may, at his sole discretion, terminate for reasons other than cause at any
      time
      with thirty days notice. Such reasons may include a desire to restructure the
      management team or change the executive’s role within the Company. Under such
      conditions, the company’s sole obligation is to fully vest all 500,000 shares of
      Incentive Stock Options, which may then be exercised and sold in accordance
      with
      any governing law. 

    

    You
      shall
      not, in any manner, for any reasons, either directly or indirectly, divulge
      or
      communicate to any person, firm or company, any confidential information
      concerning any matters not generally known in the biometrics industry or
      otherwise made public by the Company which affects or relates to the Company’s
      business, finances, marketing and operations, research, development, inventions,
      products, designs, plans, procedures, or other data (collectively, “Confidential
      Information”) except in the ordinary course of business or as required by
      applicable law. 

    

    

    300
      Sunport Lane • Orlando, Florida 32809

    Phone:
      407.541.0773 • Fax: 407.240.1431

    www.sequiam.com•
      sales@sequiam.com

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    You
      further agree that all documents and materials furnished to you by the Company
      and relating to the Company’s business or prospective business are and shall
      remain the exclusive property of the Company as the case may be. You shall
      deliver all such documents and materials to the Company upon demand and in
      any
      event upon expiration or earlier termination of your employment. Any payment
      of
      sums due and owing to you by the Company upon such expiration or earlier
      termination shall be conditioned upon returning all such documents and
      materials, and you expressly authorizes the Company to withhold any payments
      due
      and owing pending return of such documents and materials.

    

    All
      ideas, inventions, and other developments or improvements conceived or reduced
      to practice by you, alone or with others, during the term of your employment,
      whether or not during working hours, that are within the scope of the business
      of the Company or that relate to or result from any of the Company’s work or
      projects or the services provided by Employee to the Company pursuant to this
      Agreement, shall be the exclusive property of the Company. Employee agrees
      to
      assist the Company during the term, at the Company’s expense, to obtain patents
      and copyrights on any such ideas, inventions, writings, and other developments,
      and agrees to execute all documents necessary to obtain such patents and
      copyrights in the name of the Company.

    

    Welcome
      to Sequiam Biometrics, Inc. We look forward to many successful years
      together.

    

    Sincerely,

    

    

    Nick
      VandenBrekel

    CEO
      

    

    

    Accepted
      and agreed to:

    

    

    
      	
                
                

            	 	
               
                

            	 
	
              Kevin
                Henderson

            	 	
              Date

            	 

    

    

    

    300
      Sunport Lane • Orlando, Florida 32809

    Phone:
      407.541.0773 • Fax: 407.240.1431

    www.sequiam.com•
      sales@sequiam.comExhibit
      4.12

     

    IRREVOCABLE
      TRANSFER AGENT INSTRUCTIONS

     

    January
      5, 2006

     

    Empire
      Stock Transfer, Inc.

    7251
      West
      Lake Mead Blvd., Suite 300

    Las
      Vegas, Nevada 89128

    

    Attention:
      Leah Finke, President

     

    RE:     IGNIS
      PETROLEUM GROUP, INC.

    

    Ladies
      and Gentlemen:

     

    Reference
      is made to that certain Securities Purchase Agreement (the “Securities
      Purchase Agreement”)
      of
      even date herewith by and between Ignis Petroleum Group, Inc., a Nevada
      corporation (the “Company”),
      and
      the Buyers set forth on Schedule I attached thereto (collectively the
“Buyers”),
      that
      certain Pledge and Escrow Agreement (the “Company
      Pledge Agreement”)
      of
      even date herewith among the Company, the Buyers and David Gonzalez, as escrow
      agent (the “Escrow
      Agent”),
      that
      certain Insider Pledge and Escrow Agreement (“Insider
      Pledge Agreement”)
      of
      even date herewith among the Company, the Buyers, Philipp Buschmann and Michael
      Piazza and the Escrow Agent (the Company Pledge Agreement and the Insider Pledge
      Agreement shall collectively be referred to as the “Pledge
      Agreement”),
      and
      those certain Warrants of even date herewith between the Company and the Buyers
      (collectively, the “Warrant”).
      Pursuant to the Securities Purchase Agreement, the Company shall sell to the
      Buyers, an the Buyers shall purchase from the Company, convertible debentures
      (collectively, the “Debentures”)
      in the
      aggregate principal amount of Five Million Dollars ($5,000,000), plus accrued
      interest, which are convertible into shares of the Company’s common stock, par
      value $0.001 per share (the “Common
      Stock”),
      at
      the Buyers discretion. These instructions relate to the following stock or
      proposed stock issuances or transfers:

     

    
      	1.  	
              The
                Company has agreed to issue to the Buyers up to 30,000,000 shares
                of the
                Company’s Common Stock upon conversion of the Debentures (“Conversion
                Shares”)
                plus the shares of Common Stock to be issued to the Buyers upon conversion
                of accrued interest and liquidated damages into Common Stock (the
                “Interest
                Shares”)
                

            

    

     

    
      	2.  	
              The
                Company has agreed to issue to the Buyers up to 5,774,592 shares
                (the
                “Warrant
                Shares”)
                of the Company’s Common Stock upon exercise of the
                Warrant.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	3.  	
              The
                Company has prepared, or will promptly prepare, a stock certificate
                representing 18,750,000 shares of the Company’s Common Stock, in the
                Company’s name, which shall be delivered to the Escrow Agent pursuant to
                the Pledge Agreement upon the termination of the Insider Pledge Agreement.
                The Pledgors (as such term is defined in the Insider Pledge Agreement)
                have previously delivered to the Escrow Agent the aggregate number
                of
                4,320,000 shares of the Company’s Common Stock in accordance with the
                terms of the Insider Pledge Agreement (the 18,750,000 shares of Common
                Stock to be pledged and the 4,320,000 shares already pledged shall
                collectively be referred to as the “Escrowed
                Shares”).

            

    

     

    This
      letter shall serve as our irrevocable authorization and direction to Empire
      Stock Transfer, Inc. (the “Transfer
      Agent”)
      to do
      the following:

     

    
      	1.  	
              Conversion
                Shares and Warrant Shares.
                

            

    

     

    
      	a.  	
              Instructions
                Applicable to Transfer Agent.
                With respect to the Conversion Shares, Warrant Shares and the Interest
                Shares, the Transfer Agent shall issue the Conversion Shares, Warrant
                Shares and the Interest Shares to the Buyers from time to time upon
                delivery to the Transfer Agent of a properly completed and duly executed
                Conversion Notice (the “Conversion
                Notice”),
                in the form attached hereto as Exhibit I,
                or a properly completed Exercise Notice in the form attached to the
                Warrant as Exhibit A thereto (the “Exercise
                Notice”),
                delivered on behalf of the Company to the Transfer Agent by David
                Gonzalez, Esq. (the “Escrow
                Agent”).
                Upon receipt of a Conversion Notice or an Exercise Notice, the Transfer
                Agent shall within three (3) Trading Days thereafter (i) issue and
                surrender to a common carrier for overnight delivery to the address
                as
                specified in the Conversion Notice or the Exercise Notice, a certificate,
                registered in the name of the Buyers or their designees, for the
                number of
                shares of Common Stock to which the Buyers shall be entitled as set
                forth
                in the Conversion Notice or Exercise Notice or (ii) provided Transfer
                Agent are participating in The Depository Trust Company (“DTC”)
                Fast Automated Securities Transfer Program, upon the request of the
                Buyers, credit such aggregate number of shares of Common Stock to
                which
                the Buyers shall be entitled to the Buyers’ or their designees’ balance
                account with DTC through its Deposit Withdrawal At
                Custodian (“DWAC”)
                system provided the Buyers causes its bank or broker to initiate
                the DWAC
                transaction. For purposes hereof “Trading
                Day”
                shall mean any day on which the OTCBB Market is open for customary
                trading.

            

    

     

    
      	b.  	
              The
                Company hereby confirms to the Transfer Agent and the Buyers that
                certificates representing the Conversion Shares and Warrant Shares
                shall
                not bear any legend restricting transfer and should not be subject
                to any
                stop-transfer restrictions and shall otherwise be freely transferable
                on
                the books and records of the Company; provided
                that
                counsel to the Company delivers (i) the Notice of Effectiveness set
                forth
                in Exhibit
                II
                attached hereto and (ii) an opinion of counsel in the form set forth
                in
                Exhibit
                III
                attached hereto, and that if the Conversion Shares, Warrant Shares
                and the
                Interest Shares are not registered for sale under the Securities
                Act of
                1933, as amended, then the certificates for the Conversion Shares,
                Warrant
                Shares and Interest Shares shall bear the following
                legend:

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    “THE
      SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE
      SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE OFFERED FOR SALE,
      SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
      STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
      OR
      APPLICABLE STATE SECURITIES LAWS, OR AN OPINION OF COUNSEL, IN A FORM REASONABLY
      ACCEPTABLE TO THE COMPANY, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT
      OR
      APPLICABLE STATE SECURITIES LAWS OR UNLESS SOLD PURSUANT TO RULE 144 UNDER
      SAID
      ACT.”

     

    
      	c.  	
              In
                the event that counsel to the Company fails or refuses to render
                an
                opinion as required to issue the Conversion Shares in accordance
                with the
                preceding paragraph (either with or without restrictive legends,
                as
                applicable), then the Company irrevocably and expressly authorizes
                counsel
                to the Buyers to render such opinion. The Transfer Agent shall accept
                and
                be entitled to rely on such opinion for the purposes of issuing the
                Conversion Shares. 

            

    

     

    
      	d.  	
              Instructions
                Applicable to Escrow Agent.
                Upon the Escrow Agent’s receipt of a properly completed conversion notice
                substantially in the form attached as an exhibit to the Debentures
                or
                instructions to exercise the Warrant, the Escrow Agent shall, within
                one
                (1) Trading Day thereafter, send to the Transfer Agent a Conversion
                Notice
                in the form attached hereto as Exhibit
                I,
                or an Exercise Notice, which shall constitute an irrevocable instruction
                to the Transfer Agent to process such Conversion Notice or Exercise
                Notice
                in accordance with the terms of these
                instructions.

            

    

     

    
      	2.  	
              Escrowed
                Shares.
                

            

    

     

    
      	a.  	
              With
                respect to the Escrowed Shares, upon an event of default as set forth
                in
                the Pledge Agreement, the Escrow Agent shall send written notice
                to the
                Transfer Agent (“Escrow
                Notice”)
                to transfer such number of Escrow Shares as set forth in the Escrow
                Notice
                to the Buyers. Upon receipt of an Escrow Notice, the Transfer Agent
                shall
                promptly transfer such number of Escrow Shares to the Buyers as shall
                be
                set forth in the Escrow Notice delivered to the Transfer Agent by
                the
                Escrow Agent. Further, the Transfer Agent shall promptly transfer
                such
                shares from the Buyers to any subsequent transferee promptly upon
                receipt
                of written notice from the Buyers or their counsel. If the Escrow
                Shares
                are not registered for sale under the Securities Act of 1933, as
                amended,
                then the certificates for the Escrow Shares shall bear the legend
                set
                forth in Section 1b.

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
      	b.  	
              In
                the event that counsel to the Company fails or refuses to render
                an
                opinion as may be required by the Transfer Agent to affect a transfer
                of
                the Escrow Shares (either with or without restrictive legends, as
                applicable), then the Company irrevocably and expressly authorizes
                counsel
                to the Buyers to render such opinion. The Transfer Agent shall accept
                and
                be entitles to rely on such opinion for the purpose of transferring
                the
                Escrow Shares.

            

    

     

    
      	3.  	
              All
                Shares.

            

    

     

    
      	a.  	
              The
                Transfer Agent shall reserve for issuance to the Buyers the Conversion
                Shares, the Escrowed Shares and Warrant Shares. All such shares shall
                remain in reserve with the Transfer Agent until the Buyers provides
                the
                Transfer Agent instructions that the shares or any part of them shall
                be
                taken out of reserve and shall no longer be subject to the terms
                of these
                instructions. 

            

    

     

    
      	b.  	
              The
                Transfer Agent shall rely exclusively on the Conversion Notice, the
                Escrow
                Notice or the Exercise Notice and shall have no liability for relying
                on
                such instructions. Any Conversion Notice, Escrow Notice or Exercise
                Notice
                delivered hereunder shall constitute an irrevocable instruction to
                the
                Transfer Agent to process such notice or notices in accordance with
                the
                terms thereof. Such notice or notices may be transmitted to the Transfer
                Agent by facsimile or any commercially reasonable
                method.

            

    

     

    
      	c.  	
              The
                Company hereby confirms to the Transfer Agent and the Buyers that
                no
                instructions other than as contemplated herein will be given to Transfer
                Agent by the Company with respect to the matters referenced herein.
                The
                Company hereby authorizes the Transfer Agent, and the Transfer Agent
                shall
                be obligated, to disregard any contrary instructions received by
                or on
                behalf of the Company.

            

    

     

      4.
        Certain Notice Regarding the Escrow Agent.
        The
        Company and the Transfer Agent hereby acknowledge that the Escrow Agent is
        general counsel to the Buyers, a partner of the general partner of the Buyers
        and counsel to the Buyers in connection with the transactions contemplated
        and
        referred herein. The Company and the Transfer Agent agree that in the event
        of
        any dispute arising in connection with this Agreement or otherwise in connection
        with any transaction or agreement contemplated and referred herein, the Escrow
        Agent shall be permitted to continue to represent the Buyers and neither
        the
        Company nor the Transfer Agent will seek to disqualify such
        counsel.

       

    

    Any
      attempt by Transfer Agent to resign as the Company’s transfer agent hereunder
      shall not be effective until such time as the Company provides to the Transfer
      Agent written notice that a suitable replacement has agreed to serve as transfer
      agent and to be bound by the terms and conditions of these Irrevocable Transfer
      Agent Instructions.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    The
      Company herby confirms and the Transfer Agent acknowledges that while any
      portion of the Debenture
      remains unpaid and unconverted, the Company and the
      Transfer Agent
      shall
      not, without the prior consent of the Buyers, (i) issue any Common Stock or
      Preferred Stock without consideration or for a consideration per share less
      than
      its fair market value determined immediately prior to its issuance,
      (ii) issue any Preferred Stock, warrant, option, right, contract, call, or
      other security or instrument granting the holder thereof the right to acquire
      Common Stock without consideration or for a consideration per share less than
      such Common Stock’s fair market value determined immediately prior to its
      issuance, (iii)
      issue any S-8
      shares of the Company’s Common Stock.

     

     The
      Company and the Transfer Agent hereby acknowledge and confirm that complying
      with the terms of this Agreement does not and shall not prohibit the Transfer
      Agent from satisfying any and all fiduciary responsibilities and duties it
      may
      owe to the Company.

     

    The
      Company and the Transfer Agent acknowledge that the Buyers is relying on the
      representations and covenants made by the Company and the Transfer Agent
      hereunder and are a material inducement to the Buyers purchasing convertible
      debentures under the Securities Purchase Agreement. The Company and the Transfer
      Agent further acknowledge that without such representations and covenants of
      the
      Company and the Transfer Agent made hereunder, the Buyers would not purchase
      the
      Debentures.

     

    Each
      party hereto specifically acknowledges and agrees that in the event of a breach
      or threatened breach by a party hereto of any provision hereof, the Buyers
      will
      be irreparably damaged and that damages at law would be an inadequate remedy
      if
      these Irrevocable Transfer Agent Instructions were not specifically enforced.
      Therefore, in the event of a breach or threatened breach by a party hereto,
      including, without limitation, the attempted termination of the agency
      relationship created by this instrument, the Buyers shall be entitled, in
      addition to all other rights or remedies, to an injunction restraining such
      breach, without being required to show any actual damage or to post any bond
      or
      other security, and/or to a decree for specific performance of the provisions
      of
      these Irrevocable Transfer Agent Instructions.

     

     

    [REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK]

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF,
      the
      parties have caused this letter agreement regarding Irrevocable Transfer Agent
      Instructions to be duly executed and delivered as of the date first written
      above.

     

    
      	 	
              COMPANY:

            
	 	 
	 	
              IGNIS
                PETROLEUM GROUP, INC.

            
	 	 
	 	
              By:
                /s/
                MICHAEL PIAZZA

            
	 	
              Name: Michael
                Piazza

            
	 	
              Title: President
                & CEO

            
	 	 
	 	 
	 	
              /s/
                DAVID GONZALEZ

            
	 	
              David
                Gonzalez, Esq.

            
	 	 
	 	 

    

     

    EMPIRE
      STOCK TRANSFER, INC.

    

    By:
      /s/
      LEAH FINKE

    Name:
      Leah
      Finke

    Title:
      President

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    SCHEDULE
      I

     

     

    SCHEDULE
      OF BUYERS 

     

    
      	
              Name

            	
              Signature

            	
              Address/Facsimile
                

              Number
                of Buyers

            
	 	 	 
	
              Cornell
                Capital Partners, LP 

            	
              By: Yorkville
                Advisors, LLC

            	
              101
                Hudson Street - Suite 3700

            
	 	
              Its: General
                Partner

            	
              Jersey
                City, NJ 07303

            
	 	 	
              Facsimile:
                 (201)
                985-8266

            
	 	 	 
	 	
              By:
                /s/
                MARK ANGELO

            	 
	 	
              Name: Mark
                Angelo

            	 
	 	
              Its: Portfolio
                Manager

            	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

    

    
      
        
        

      

      
        
          SCHEDULE
            I-1

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