Sequiam Corp Watch

from 8-K ~5 pages Biometrics Investors, L.L.C., a Delaware Limited Liability Company ("Lender"), and Sequiam Corporation, a California Corporation ("Borrower"), Have Entered Into That Agreement Dated as of March 30, 2007 (The "Loan Agreement"). Terms Defined in the Loan Agreement Are Used With the Same Meanings in This Letter. on June 15, Lender Issued a Notice of Default Under the Loan Agreement ("Notice of Default"), Which Notice of Default Identified Mr. Nick Vandenbrekel and Mr. Mark Mroczkowski as Subordinate Lenders ("Subordinate Lenders"). on June 20, Lender and Mr. Nick Vandenbrekel Entered Into a Letter Agreement Regarding the Purchase by Mr. Vandenbrekel of the Ownership Interests in Lender, in Addition to Other Matters Provided for in That Agreement (The "June 20 Letter Agreement")

from 8-K ~1 page Biometrics Investors, L.L.C., a Delaware Limited Liability Company ("Lender"), and Sequiam Corporation, a California Corporation ("Borrower"), Have Entered Into That Agreement Dated as of March 30, 2007 (The "Loan Agreement"). Pursuant to the Terms and Conditions of the Loan Agreement, Borrower Has Executed and Delivered to Lender Term Note a Dated March 30, 2007 in the Amount of $6,500,000 ("Term Note A"). Terms Defined in the Loan Agreement Are Used With the Same Meanings in This Notice