Document:

Exhibit 10.4

EXHIBIT
10.4

AMENDED
AND RESTATED GRANT OF SECURITY INTEREST 

IN
PATENTS AND TRADEMARKS

THIS
AMENDED AND RESTATED GRANT OF SECURITY INTEREST (“Grant”), effected as of May
18, 2005, is executed by Sequiam Corporation, a California corporation
(“Sequiam”), in favor of Lee Harrison Corbin, Attorney in-Fact for the Trust
Under the Will of John Svenningsen (the “Secured Party”).

 

A.    This
Grant is being entered into in connection with the Secured Party’s (defined
above) agreement to advance an amount to Laurus Master Fund Ltd (“Laurus”),
sufficient to repay the remaining debt to Laurus in accordance with the terms of
the Assignment, Assumption and Release with Laurus, and in connection therewith,
Laurus has agreed to assign to the Secured Party all of Laurus’ rights under
that certain Securities Purchase Agreement, dated April 27, 2004, by and between
the Sequiam and Laurus, as amended and the Loan Documents, a defined in the
Securities Purchase Agreement, of even date herewith, between Sequiam and the
Secured Party, which includes that certain Grant of Security Interest in Patents
and Trademarks, dated as of April 27, 2004, between Laurus and Sequiam (the
“Original Agreement”), such that the Trust shall stand in the place of Laurus
thereunder. In connection therewith, the Secured Party and Sequiam now wish to
amend and restate the Original Agreement as provided herein.

B.    Pursuant
to that certain Amended and Restated Master Security Agreement dated as of the
date hereof (as amended, restated, supplemented or otherwise modified from time
to time, the “Security Agreement”) among Sequiam, certain other Assignors (as
defined in the Security Agreement), and the Secured Party, the terms and
provisions of which are hereby incorporated herein as if fully set forth herein,
Sequiam and the other Assignors have granted a security interest to the Secured
Party in consideration of the Secured Party’s agreement to provide loans to
Sequiam Corporation.

C.    Sequiam
(1) has adopted, used and is using the trademarks reflected in the trademark
registrations and trademark applications in the United States Patent and
Trademark Office more particularly described on Schedule
1 annexed
hereto as part hereof (the “Trademarks”), and (2) has registered or applied for
registration in the United States Patent and Trademark Office of the patents
more particularly described on Schedule
2 annexed
hereto as part hereof (the “Patents”).

D.    Sequiam
wishes to confirm its grant to the Secured Party of a security interest in all
right, title and interest of Sequiam in and to the Trademarks and Patents, and
all proceeds thereof, together with the business as well as the goodwill of the
business symbolized by, or related or pertaining to, the Trademarks, and the
customer lists and records related to the Trademarks and Patents and all causes
of action which may exist by reason of infringement of any of the Trademarks and
Patents (collectively, the “T&P Collateral”), to secure the payment,
performance and observance of the Obligations (as that term is defined in the
Security Agreement).

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

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

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

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

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

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

2

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

	 	
      SEQUIAM
      CORPORATION 

	 	 	 
	 	 	 
	 	
      By:
      
	
      /s/
      Nicholas VandenBrekel

	 	
      Name:
	
      Nicholas
      VandenBrekel

	 	
      Title:
	
      CEO

 

3

 

SCHEDULE
1

REGISTERED
TRADEMARKS AND TRADEMARK APPLICATIONS

 

	Trademark
	Registration
      or Application Number
	Registration
      or Application Date
	Country

	Sequiam
	78375254
	01/26/04
	USA

	 	 	 	 
	 	 	 	 
	 	 	 	 

 

SCHEDULE
2 

PATENTS
AND PATENT APPLICATIONS

	Patent
	Registration
      or Application Number
	Registration
      or Application Date
	Country

	
      None.
	 	 	 
	 	 	 	 

 

 

	
      STATE
      OF FLORIDA
	
      )

	 	
      )
      ss.:

	
      COUNTY
      OF ORANGE
	
      )

 

On this
18th day of May 2005, before me personally came Nicholas Vandenbrekel who, being
by me duly sworn, did state as follows: that he is CEO of Sequiam Corporation
that he is authorized to execute the foregoing Grant on behalf of said
corporation and that he did so by authority of the Board of Directors of said
corporation.

	 	
      /s/
      Marion N. Baker

	 	
      Notary
      PublicExhibit 10.5

EXHIBIT
10.5

AMENDED
AND RESTATED GRANT OF SECURITY INTEREST 

IN
PATENTS AND TRADEMARKS

THIS
AMENDED AND RESTATED GRANT OF SECURITY INTEREST (“Grant”), effected as of May
18, 2005, is executed by Sequiam Software, Inc., a California corporation
(“Sequiam Software”), in favor of Lee Harrison Corbin, Attorney in-Fact for the
Trust Under the Will of John Svenningsen (the “Secured Party”).

 

A.  This
Grant is being entered into in connection with the Secured Party’s (defined
above) agreement to advance an amount to Laurus Master Fund Ltd (“Laurus”),
sufficient to repay the remaining debt to Laurus in accordance with the terms of
the Assignment, Assumption and Release with Laurus, and in connection therewith,
Laurus has agreed to assign to the Secured Party all of Laurus’ rights under
that certain Securities Purchase Agreement, dated April 27, 2004, by and between
the Company (defined below) and Laurus, as amended and the Loan Documents, a
defined in the Securities Purchase Agreement, of even date herewith, between
Sequiam Corporation, a California corporation and the Secured Party, which
includes that certain Grant of Security Interest in Patents and Trademarks,
dated as of April 27, 2004, between Laurus and Sequiam Software (the “Original
Agreement”), such that the Trust shall stand in the place of Laurus thereunder.
In connection therewith, the Secured Party and Sequiam Software now wish to
amend and restate the Original Agreement as provided herein.

B.  Pursuant
to that certain Amended and Restated Master Security Agreement dated as of the
date hereof (as amended, restated, supplemented or otherwise modified from time
to time, the “Security Agreement”) among Sequiam Software, certain other
Assignors (as defined in the Security Agreement), and the Secured Party, the
terms and provisions of which are hereby incorporated herein as if fully set
forth herein, Sequiam Software and the other Assignors have granted a security
interest to the Secured Party in consideration of the Secured Party’s agreement
to provide loans to Sequiam Corporation.

C.  Sequiam
Software (1) has adopted, used and is using the trademarks reflected in the
trademark registrations and trademark applications in the United States Patent
and Trademark Office more particularly described on Schedule
1 annexed
hereto as part hereof (the “Trademarks”), and (2) has registered or applied for
registration in the United States Patent and Trademark Office of the patents
more particularly described on Schedule
2 annexed
hereto as part hereof (the “Patents”).

D.  Sequiam
Software wishes to confirm its grant to the Secured Party of a security interest
in all right, title and interest of Sequiam Software in and to the Trademarks
and Patents, and all proceeds thereof, together with the business as well as the
goodwill of the business symbolized by, or related or pertaining to, the
Trademarks, and the customer lists and records related to the Trademarks and
Patents and all causes of action which may exist by reason of infringement of
any of the Trademarks and Patents (collectively, the “T&P Collateral”), to
secure the payment, performance and observance of the Obligations (as that term
is defined in the Security Agreement).

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

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

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

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

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

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

2

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

	 	
      SEQUIAM
      SOFTWARE, INC. 

	 	 	 
	 	 	 
	 	
      By:
	
      /s/
      Nicholas VandenBrekel

	 	
      Name:
	
      Nicholas
      VandenBrekel

	 	
      Title:
	
      CEO

 

3

SCHEDULE
1 

REGISTERED
TRADEMARKS AND TRADEMARK APPLICATIONS

 

	Trademark
	Registration
      or Application Number
	Registration
      or Application Date
	Country

	Book
      It, ROVER!
	78357256
	01/26/04
	USA

	IRP
	78357255
	01/26/04
	USA

	 	 	 	 
	 	 	 	 

 

SCHEDULE
2 

PATENTS
AND PATENT APPLICATIONS

	Patent
	Registration
      or Application Number
	Registration
      or Application Date
	Country

	
      None.
	 	 	 
	 	 	 	 

 

 

	
      STATE
      OF FLORIDA
	
      )

	 	
      )
      ss.:

	
      COUNTY
      OF ORANGE
	
      )

On this
18th day of May 2005 before me personally came Nicholas Vandenbrekel who, being
by me duly sworn, did state as follows: that he is CEO of Sequiam Software, Inc.
that he is authorized to execute the foregoing Grant on behalf of said
corporation and that he did so by authority of the Board of Directors of said
corporation.

	 	
      /s/
      Marion N. Baker

	 	
      Notary
      Public

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