Combine oats, flour, wheat germ and seasoned salt in a mixing bowl. Stir in water, vegetable oil, honey or sugar and sesame seeds.
Form dough into a ball and divide in half. Roll dough directly onto two greased cookie sheets to form a 12 x 8-inch rectangle on each. Cut into 2-inch squares.
Bake at 350° F. for about 20 minutes until crisp. Remove from sheets and let cool on wire racks. Store in a tightly sealed container.