Exhibit 10.11
 
ADVANCED BIOPHOTONICS INC.
125 Wilbur Place, Suite 120
Bohemia, NY 11716
 
August 29, 2007

AJW Partners, LLC
New Millennium Capital Partners II, LLC
AJW Offshore, Ltd.
AJW Qualified Partners, LLC
1044 Northern Boulevard
Suite 302
Roslyn, New York 11576

Re:
Advanced Biophotonics Inc. (the “Company”) -
Amendment of Notes

 
Ladies and Gentlemen:
 
This letter shall serve as an amendment to the outstanding Secured Convertible
Notes (collectively, the “Notes”) issued pursuant to the Securities Purchase
Agreements between Advanced BioPhotonics Inc. (the “Company”) and each of: (i)
AJW Partners, LLC; (ii) AJW Offshore, Ltd.; (iii) AJW Qualified Partners, LLC;
and (iv) New Millennium Capital Partners II, LLC (collectively, the
“Purchasers”) dated as of November 14, 2005, September 12, 2006 and October 31,
2006.
 
By execution hereof, for good and valuable consideration the receipt and
sufficiency of which is hereby acknowledged, the parties hereto agree that:
 

 
1.
Section 1.2(a) of the Notes shall be amended to change the Applicable Percentage
from 40% to 50%.

 
The parties shall do and perform, or cause to be done and performed, all such
further acts and things, and shall execute and deliver all such other
agreements, certificates, instruments and documents, as the other parties hereto
may reasonably request in order to carry out the intent an accomplish the
purposes of this letter agreement, including without limitation the issuance of
amended Notes.
 

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Sincerely,
 
ADVANCED BIOPHOTONICS INC.
 
   
   
    
/s/ DENNIS A. O’CONNOR
 

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Dennis A. O’Connor
Chief Executive Officer

 
Accepted to and agreed this
29th day of August, 2007:

 
AJW PARTNERS, LLC
By: SMS Group, LLC
   
By: /s/ COREY S. RIBOTSKY

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Corey S. Ribotsky
Manager
   
AJW OFFSHORE, LTD.
By: First Street Manager II, LLC
   
By: /s/ COREY S. RIBOTSKY

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Corey S. Ribotsky
Manager
   
AJW QUALIFIED PARTNERS, LLC
By: AJW Manager, LLC
   
By: /s/ COREY S. RIBOTSKY

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Corey S. Ribotsky
Manager
   
NEW MILLENNIUM CAPITAL PARTNERS II, LLC
By: First Street Manager II, LLC
   
By: /s/ COREY S. RIBOTSKY

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Corey S. Ribotsky
Manager

 

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