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                                                                   EXHIBIT 10.18

                    INTELLECTUAL PROPERTY SECURITY AGREEMENT

                  Intellectual Property Security Agreement (this "AGREEMENT"
dated as of July 23, 2004, by and among FemOne, Inc., a Nevada corporation (the
"COMPANY"), and the secured parties signatory hereto and their respective
endorsees, transferees and assigns (collectively, the "SECURED PARTY").

                              W I T N E S S E T H :

         WHEREAS, pursuant to a Securities Purchase Agreement, dated the date
hereof, between Company and the Secured Party (the "PURCHASE AGREEMENT"),
Company has agreed to issue to the Secured Party and the Secured Party has
agreed to purchase from Company certain of Company's 12% Secured Convertible
Notes, due two years from the date of issue (the "NOTES"), which are convertible
into shares of Company's Common Stock, par value $.001 per share (the "COMMON
STOCK"). In connection therewith, Company shall issue the Secured Party certain
Common Stock purchase warrants (the "WARRANTS"); and

         WHEREAS, in order to induce the Secured Party to purchase the Notes,
Company has agreed to execute and deliver to the Secured Party this Agreement
for the benefit of the Secured Party and to grant to it a first priority
security interest in certain Intellectual Property (defined below) of Company to
secure the prompt payment, performance and discharge in full of all of Company's
obligations under the Notes and exercise and discharge in full of Company's
obligations under the Warrants; and

         NOW, THEREFORE, in consideration of the agreements herein contained and
for other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the parties hereto hereby agree as follows:

         1. DEFINED TERMS. Unless otherwise defined herein, terms which are
defined in the Purchase Agreement and used herein are so used as so defined; and
the following terms shall have the following meanings:

                  "SOFTWARE INTELLECTUAL PROPERTY" shall mean:

                  (a) all software programs (including all source code, object
code and all related applications and data files), whether now owned, upgraded,
enhanced, licensed or leased or hereafter acquired by the Company, above;

                  (b) all computers and electronic data processing hardware and
firmware associated therewith;

                  (c) all documentation (including flow charts, logic diagrams,
manuals, guides and specifications) with respect to such software, hardware and
firmware described in the preceding clauses (a) and (b); and

                  (d) all rights with respect to all of the foregoing,
including, without limitation, any and all upgrades, modifications, copyrights,
licenses, options, warranties, service contracts, program services, test rights,
maintenance rights, support rights, improvement rights, renewal rights and
indemnifications and substitutions, replacements, additions, or model
conversions of any of the foregoing.

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                  "COPYRIGHTS" shall mean (a) all copyrights, registrations and
applications for registration, ISSUED or filed, including any reissues,
extensions or renewals thereof, by or with the United States Copyright Office or
any similar office or agency of the United States, any state thereof, or any
other country or political subdivision thereof, or otherwise, including, all
rights in and to the material constituting the subject matter thereof,
including, without limitation, any referred to in SCHEDULE B hereto, and (b) any
rights in any material which is copyrightable or which is protected by common
law, United States copyright laws or similar laws or any law of any State,
including, without limitation, any thereof referred to in SCHEDULE B hereto.

                  "COPYRIGHT LICENSE" shall mean any agreement, written or oral,
providing for a grant by the Company of any right in any Copyright, including,
without limitation, any thereof referred to in SCHEDULE B hereto.

                  "INTELLECTUAL PROPERTY" shall means, collectively, the
Software Intellectual Property, Copyrights, Copyright Licenses, Patents, Patent
Licenses, Trademarks, Trademark Licenses and Trade Secrets.

                  "OBLIGATIONS" means all of the Company's obligations under
this Agreement and the Notes, in each case, whether now or hereafter existing,
voluntary or involuntary, direct or indirect, absolute or contingent, liquidated
or unliquidated, whether or not jointly owed with others, and whether or not
from time to time decreased or extinguished and later decreased, created or
incurred, and all or any portion of such obligations or liabilities that are
paid, to the extent all or any part of such payment is avoided or recovered
directly or indirectly from the Secured Party as a preference, fraudulent
transfer or otherwise as such obligations may be amended, supplemented,
converted, extended or modified from time to time.

                  "PATENTS" shall mean (a) all letters patent of the United
States or any other country or any political subdivision thereof, and all
reissues and extensions thereof, including, without limitation, any thereof
referred to in SCHEDULE B hereto, and (b) all applications for letters patent of
the United States and all divisions, continuations and continuations-in-part
thereof or any other country or any political subdivision, including, without
limitation, any thereof referred to in SCHEDULE B hereto.

                  "PATENT LICENSE" shall mean all agreements, whether written or
oral, providing for the grant by the Company of any right to manufacture, use or
sell any invention covered by a Patent, including, without limitation, any
thereof referred to in SCHEDULE B hereto.

                  "SECURITY AGREEMENT" shall mean the a Security Agreement,
dated as of the date hereof between Company and the Secured Party.

                  "TRADEMARKS" shall mean (a) all trademarks, trade names,
corporate names, company names, business names, fictitious business names, trade
styles, service marks, logos and other source or business identifiers, and the
goodwill associated therewith, now existing or hereafter adopted or acquired,
all registrations and recordings thereof, and all applications in connection

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therewith, whether in the United States Patent and Trademark Office or in any
similar office or agency of the United States, any state thereof or any other
country or any political subdivision thereof, or otherwise, including, without
limitation, any thereof referred to in SCHEDULE B hereto, and (b) all reissues,
extensions or renewals thereof.

                  "TRADEMARK LICENSE" shall mean any agreement, written or oral,
providing for the grant by the Company of any right to use any Trademark,
including, without limitation, any thereof referred to in SCHEDULE B hereto.

                  "TRADE SECRETS" shall mean common law and statutory trade
secrets and all other confidential or proprietary or useful information and all
know-how obtained by or used in or contemplated at any time for use in the
business of the Company (all of the foregoing being collectively called a "TRADE
SECRET"), whether or not such Trade Secret has been reduced to a writing or
other tangible form, including all documents and things embodying, incorporating
or referring in any way to such Trade Secret, all Trade Secret licenses,
including each Trade Secret license referred to in SCHEDULE B hereto, and
including the right to sue for and to enjoin and to collect damages for the
actual or threatened misappropriation of any Trade Secret and for the breach or
enforcement of any such Trade Secret license.

         2. GRANT OF SECURITY INTEREST. In accordance with Section 3(m) of the
Security Agreement, to secure the complete and timely payment, performance and
discharge in full, as the case may be, of all of the Obligations, the Company
hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the
Secured Party, a continuing security interest in, a continuing first lien upon,
an unqualified right to possession and disposition of and a right of set-off
against, in each case to the fullest extent permitted by law, all of the
Company's right, title and interest of whatsoever kind and nature in and to the
Intellectual Property (the "SECURITY INTEREST").

         3. REPRESENTATIONS AND WARRANTIES. The Company hereby represents and
warrants, and covenants and agrees with, the Secured Party as follows:

                  (a) The Company has the requisite corporate power and
authority to enter into this Agreement and otherwise to carry out its
obligations thereunder. The execution, delivery and performance by the Company
of this Agreement and the filings contemplated therein have been duly authorized
by all necessary action on the part of the Company and no further action is
required by the Company. This Agreement constitutes a legal, valid and binding
obligation of the Company enforceable in accordance with its terms, except as
enforceability may be limited by bankruptcy, insolvency, reorganization,
moratorium or similar laws affecting the enforcement of creditor's rights
generally.

                  (b) The Company represents and warrants that it has no place
of business or offices where its respective books of account and records are
kept (other than temporarily at the offices of its attorneys or accountants) or
places where the Intellectual Property is stored or located, except as set forth
on SCHEDULE A attached hereto;

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                  (c) The Company is the sole owner of the Intellectual Property
(except for exclusive and non-exclusive licenses granted by the Company in the
ordinary course of business), free and clear of any liens, security interests,
encumbrances, rights or claims, and is fully authorized to grant the Security
Interest in and to pledge the Intellectual Property. There is not on file in any
governmental or regulatory authority, agency or recording office an effective
financing statement, security agreement, license or transfer or any notice of
any of the foregoing (other than those that have been filed in favor of the
Secured Party pursuant to this Agreement or the Security Agreement) covering or
affecting any of the Intellectual Property. So long as this Agreement shall be
in effect, the Company shall not execute and shall not knowingly permit to be on
file in any such office or agency any such financing statement or other document
or instrument (except to the extent filed or recorded in favor of the Secured
Party pursuant to the terms of this Agreement or the Security Agreement), except
for a financing statement covering assets acquired by the Company after the date
hereof, provided that the value of the Intellectual Property covered by this
Agreement along with the Collateral (as defined in the Security Agreement) is
equal to at least 150% of the Obligations.

                  (d) The Company shall at all times maintain its books of
account and records relating to the Intellectual Property at its principal place
of business and its Intellectual Property at the locations set forth on SCHEDULE
A attached hereto and may not relocate such books of account and records unless
it delivers to the Secured Party at least 30 days prior to such relocation (i)
written notice of such relocation and the new location thereof (which must be
within the United States) and (ii) evidence that the necessary documents have
been filed and recorded and other steps have been taken to perfect the Security
Interest to create in favor of the Secured Party valid, perfected and continuing
first priority liens in the Intellectual Property to the extent they can be
perfected through such filings.

                  (e) This Agreement creates in favor of the Secured Party a
valid security interest in the Intellectual Property securing the payment and
performance of the Obligations and, upon making the filings required hereunder,
a perfected first priority security interest in such Intellectual Property to
the extent that it can be perfected through such filings.

                  (f) Upon request of the Secured Party, the Company shall
execute and deliver any and all agreements, instruments, documents, and papers
as the Secured Party may request to evidence the Secured Party's security
interest in the Intellectual Property and the goodwill and general intangibles
of the Company relating thereto or represented thereby, and the Company hereby
appoints the Secured Party its attorney-in-fact to execute and file all such
writings for the foregoing purposes, all acts of such attorney being hereby
ratified and confirmed; such power being coupled with an interest is irrevocable
until the Obligations have been fully satisfied and are paid in full.

                  (g) The execution, delivery and performance of this Agreement
does not conflict with or cause a breach or default, or an event that with or
without the passage of time or notice, shall constitute a breach or default,
under any agreement to which the Company is a party or by which the Company is
bound. No consent (including, without limitation, from stock holders or
creditors of the Company) is required for the Company to enter into and perform
its obligations hereunder.

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                  (h) The Company shall at all times maintain the liens and
Security Interest provided for hereunder as valid and perfected first priority
liens and security interests in the Intellectual Property to the extent they can
be perfected by filing in favor of the Secured Party until this Agreement and
the Security Interest hereunder shall terminate pursuant to Section 11. The
Company hereby agrees to defend the same against any and all persons. The
Company shall safeguard and protect all Intellectual Property for the account of
the Secured Party. Without limiting the generality of the foregoing, the Company
shall pay all fees, taxes and other amounts necessary to maintain the
Intellectual Property and the Security Interest hereunder, and the Company shall
obtain and furnish to the Secured Party from time to time, upon demand, such
releases and/or subordinations of claims and liens which may be required to
maintain the priority of the Security Interest hereunder.

                  (i) The Company will not transfer, pledge, hypothecate,
encumber, license (except for non-exclusive licenses granted by the Company in
the ordinary course of business), sell or otherwise dispose of any of the
Intellectual Property without the prior written consent of the Secured Party.

                  (j) The Company shall, within ten (10) days of obtaining
knowledge thereof, advise the Secured Party promptly, in sufficient detail, of
any substantial change in the Intellectual Property, and of the occurrence of
any event which would have a material adverse effect on the value of the
Intellectual Property or on the Secured Party's security interest therein.

                  (k) The Company shall permit the Secured Party and its
representatives and agents to inspect the Intellectual Property at any time, and
to make copies of records pertaining to the Intellectual Property as may be
requested by the Secured Party from time to time.

                  (l) The Company will take all steps reasonably necessary to
diligently pursue and seek to preserve, enforce and collect any rights, claims,
causes of action and accounts receivable in respect of the Intellectual
Property.

                  (m) The Company shall promptly notify the Secured Party in
sufficient detail upon becoming aware of any attachment, garnishment, execution
or other legal process levied against any Intellectual Property and of any other
information received by the Company that may materially affect the value of the
Intellectual Property, the Security Interest or the rights and remedies of the
Secured Party hereunder.

                  (n) All information heretofore, herein or hereafter supplied
to the Secured Party by or on behalf of the Company with respect to the
Intellectual Property is accurate and complete in all material respects as of
the date furnished.

                  (o) SCHEDULE A attached hereto contains a list of all of the
subsidiaries of Company.

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                  (p) SCHEDULE B attached hereto includes all Licenses, and all
Patents and Patent Licenses, if any, owned by the Company in its own name as of
the date hereof. SCHEDULE B hereto includes all Trademarks and Trademark
Licenses, if any, owned by the Company in its own name as of the date hereof.
SCHEDULE B hereto includes all Copyrights and Copyright Licenses, if any, owned
by the Company in its own name as of the date hereof. SCHEDULE B hereto includes
all Trade Secrets and Trade Secret Licenses, if any, owned by the Company as of
the date hereof. To the best of the Company's knowledge, each License, Patent,
Trademark, Copyright and Trade Secret is valid, subsisting, unexpired,
enforceable and has not been abandoned. Except as set forth in SCHEDULE B, none
of such Licenses, Patents, Trademarks, Copyrights and Trade Secrets is the
subject of any licensing or franchise agreement. To the best of the Company's
knowledge, no holding, decision or judgment has been rendered by any
Governmental Body which would limit, cancel or question the validity of any
License, Patent, Trademark, Copyright and Trade Secrets . No action or
proceeding is pending (i) seeking to limit, cancel or question the validity of
any License, Patent, Trademark, Copyright or Trade Secret, or (ii) which, if
adversely determined, would have a material adverse effect on the value of any
License, Patent, Trademark, Copyright or Trade Secret. The Company has used and
will continue to use for the duration of this Agreement, proper statutory notice
in connection with its use of the Patents, Trademarks and Copyrights and
consistent standards of quality in products leased or sold under the Patents,
Trademarks and Copyrights.

                  (q) With respect to any Intellectual Property:

                           (i)      such Intellectual Property is subsisting and
                                    has not been adjudged invalid or
                                    unenforceable, in whole or in part;

                           (ii)     such Intellectual Property is valid and
                                    enforceable;

                           (iii)    the Company has made all necessary filings
                                    and recordations to protect its interest in
                                    such Intellectual Property, including,
                                    without limitation, recordations of all of
                                    its interests in the Patents, Patent
                                    Licenses, Trademarks and Trademark Licenses
                                    in the United States Patent and Trademark
                                    Office and in corresponding offices
                                    throughout the world and its claims to the
                                    Copyrights and Copyright Licenses in the
                                    United States Copyright Office and in
                                    corresponding offices throughout the world;

                           (iv)     other than as set forth in SCHEDULE B, the
                                    Company is the exclusive owner of the entire
                                    and unencumbered right, title and interest
                                    in and to such Intellectual Property and no
                                    claim has been made that the use of such
                                    Intellectual Property infringes on the
                                    asserted rights of any third party; and

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                           (v)      the Company has performed and will continue
                                    to perform all acts and has paid all
                                    required fees and taxes to maintain each and
                                    every item of Intellectual Property in full
                                    force and effect throughout the world, as
                                    applicable.

                  (r) Except with respect to any Trademark or Copyright that the
Company shall reasonably determine is of negligible economic value to the
Company, the Company shall:

                           (i) maintain each Trademark and Copyright in full
         force free from any claim of abandonment for non-use, maintain as in
         the past the quality of products and services offered under such
         Trademark or Copyright; employ such Trademark or Copyright with the
         appropriate notice of registration; not adopt or use any mark which is
         confusingly similar or a colorable imitation of such Trademark or
         Copyright unless the Secured Party shall obtain a perfected security
         interest in such mark pursuant to this Agreement; and not (and not
         permit any licensee or sublicensee thereof to) do any act or knowingly
         omit to do any act whereby any Trademark or Copyright may become
         invalidated;

                           (ii) not, except with respect to any Patent that it
         shall reasonably determine is of negligible economic value to it, do
         any act, or omit to do any act, whereby any Patent may become abandoned
         or dedicated; and

                           (iii) notify the Secured Party immediately if it
         knows, or has reason to know, that any application or registration
         relating to any Patent, Trademark or Copyright may become abandoned or
         dedicated, or of any adverse determination or development (including,
         without limitation, the institution of, or any such determination or
         development in, any proceeding in the United States Patent and
         Trademark Office, United States Copyright Office or any court or
         tribunal in any country) regarding its ownership of any Patent,
         Trademark or Copyright or its right to register the same or to keep and
         maintain the same.

                  (s) Whenever the Company, either by itself or through any
agent, employee, licensee or designee, shall file an application for the
registration of any Patent, Trademark or Copyright with the United States Patent
and Trademark Office, United States Copyright Office or any similar office or
agency in any other country or any political subdivision thereof or acquire
rights to any new Patent, Trademark or Copyright whether or not registered,
report such filing to the Secured Party within five business days after the last
day of the fiscal quarter in which such filing occurs.

                  (t) The Company shall take all reasonable and necessary steps,
including, without limitation, in any proceeding before the United States Patent
and Trademark Office, United States Copyright Office or any similar office or
agency in any other country or any political subdivision thereof, to maintain
and pursue each application (and to obtain the relevant registration) and to
maintain each registration of the Patents, Trademarks and Copyrights, including,
without limitation, filing of applications for renewal, affidavits of use and
affidavits of incontestability.

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                  (u) In the event that any Patent, Trademark or Copyright
included in the Intellectual Property is infringed, misappropriated or diluted
by a third party, promptly notify the Secured Party after it learns thereof and
shall, unless it shall reasonably determine that such Patent, Trademark or
Copyright is of negligible economic value to it, which determination it shall
promptly report to the Secured Party, promptly sue for infringement,
misappropriation or dilution, to seek injunctive relief where appropriate and to
recover any and all damages for such infringement, misappropriation or dilution,
or take such other actions as it shall reasonably deem appropriate under the
circumstances to protect such Patent, Trademark or Copyright. If the Company
lacks the financial resources to comply with this Section 3(t), the Company
shall so notify the Secured Party and shall cooperate fully with any enforcement
action undertaken by the Secured Party on behalf of the Company.

         4. DEFAULTS. The following events shall be "EVENTS OF DEFAULT":

                  (a) The occurrence of an Event of Default (as defined in the
Notes) under the Notes;

                  (b) Any representation or warranty of the Company in this
Agreement or in the Security Agreement shall prove to have been incorrect in any
material respect when made;

                  (c) The failure by the Company to observe or perform any of
its obligations hereunder or in the Security Agreement for ten (10) days after
receipt by the Company of notice of such failure from the Secured Party; and

                  (d) Any breach of, or default under, the Warrants.

         5. DUTY TO HOLD IN TRUST. Upon the occurrence of any Event of Default
and at any time thereafter, the Company shall, upon receipt by it of any
revenue, income or other sums subject to the Security Interest, whether payable
pursuant to the Notes or otherwise, or of any check, draft, note, trade
acceptance or other instrument evidencing an obligation to pay any such sum,
hold the same in trust for the Secured Party and shall forthwith endorse and
transfer any such sums or instruments, or both, to the Secured Party for
application to the satisfaction of the Obligations.

         6. RIGHTS AND REMEDIES UPON DEFAULT. Upon occurrence of any Event of
Default and at any time thereafter, the Secured Party shall have the right to
exercise all of the remedies conferred hereunder and under the Notes, and the
Secured Party shall have all the rights and remedies of a secured party under
the UCC and/or any other applicable law (including the Uniform Commercial Code
of any jurisdiction in which any Intellectual Property is then located). Without
limitation, the Secured Party shall have the following rights and powers:

                  (a) The Secured Party shall have the right to take possession
of the Intellectual Property and, for that purpose, enter, with the aid and
assistance of any person, any premises where the Intellectual Property, or any
part thereof, is or may be placed and remove the same, and the Company shall
assemble the Intellectual Property and make it available to the Secured Party at
places which the Secured Party shall reasonably select, whether at the Company's
premises or elsewhere, and make available to the Secured Party, without rent,
all of the Company's respective premises and facilities for the purpose of the
Secured Party taking possession of, removing or putting the Intellectual
Property in saleable or disposable form.

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                  (b) The Secured Party shall have the right to operate the
business of the Company using the Intellectual Property and shall have the right
to assign, sell, lease or otherwise dispose of and deliver all or any part of
the Intellectual Property, at public or private sale or otherwise, either with
or without special conditions or stipulations, for cash or on credit or for
future delivery, in such parcel or parcels and at such time or times and at such
place or places, and upon such terms and conditions as the Secured Party may
deem commercially reasonable, all without (except as shall be required by
applicable statute and cannot be waived) advertisement or demand upon or notice
to the Company or right of redemption of the Company, which are hereby expressly
waived. Upon each such sale, lease, assignment or other transfer of Intellectual
Property, the Secured Party may, unless prohibited by applicable law which
cannot be waived, purchase all or any part of the Intellectual Property being
sold, free from and discharged of all trusts, claims, right of redemption and
equities of the Company, which are hereby waived and released.

         7. APPLICATIONS OF PROCEEDS. The proceeds of any such sale, lease or
other disposition of the Intellectual Property hereunder shall be applied first,
to the expenses of retaking, holding, storing, processing and preparing for
sale, selling, and the like (including, without limitation, any taxes, fees and
other costs incurred in connection therewith) of the Intellectual Property, to
the reasonable attorneys' fees and expenses incurred by the Secured Party in
enforcing its rights hereunder and in connection with collecting, storing and
disposing of the Intellectual Property, and then to satisfaction of the
Obligations, and to the payment of any other amounts required by applicable law,
after which the Secured Party shall pay to the Company any surplus proceeds. If,
upon the sale, license or other disposition of the Intellectual Property, the
proceeds thereof are insufficient to pay all amounts to which the Secured Party
is legally entitled, the Company will be liable for the deficiency, together
with interest thereon, at the rate of 15% per annum (the "DEFAULT RATE"), and
the reasonable fees of any attorneys employed by the Secured Party to collect
such deficiency. To the extent permitted by applicable law, the Company waives
all claims, damages and demands against the Secured Party arising out of the
repossession, removal, retention or sale of the Intellectual Property, unless
due to the gross negligence or willful misconduct of the Secured Party.

         8. COSTS AND EXPENSES. The Company agrees to pay all out-of-pocket
fees, costs and expenses incurred in connection with any filing required
hereunder, including without limitation, any financing statements, continuation
statements, partial releases and/or termination statements related thereto or
any expenses of any searches reasonably required by the Secured Party. The
Company shall also pay all other claims and charges which in the reasonable
opinion of the Secured Party might prejudice, imperil or otherwise affect the
Intellectual Property or the Security Interest therein. The Company will also,
upon demand, pay to the Secured Party the amount of any and all reasonable

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expenses, including the reasonable fees and expenses of its counsel and of any
experts and agents, which the Secured Party may incur in connection with (i) the
enforcement of this Agreement, (ii) the custody or preservation of, or the sale
of, collection from, or other realization upon, any of the Intellectual
Property, or (iii) the exercise or enforcement of any of the rights of the
Secured Party under the Notes. Until so paid, any fees payable hereunder shall
be added to the principal amount of the Notes and shall bear interest at the
Default Rate.

         9. RESPONSIBILITY FOR INTELLECTUAL PROPERTY. The Company assumes all
liabilities and responsibility in connection with all Intellectual Property, and
the obligations of the Company hereunder or under the Notes and the Warrants
shall in no way be affected or diminished by reason of the loss, destruction,
damage or theft of any of the Intellectual Property or its unavailability for
any reason.

         10. SECURITY INTEREST ABSOLUTE. All rights of the Secured Party and all
Obligations of the Company hereunder, shall be absolute and unconditional,
irrespective of: (a) any lack of validity or enforceability of this Agreement,
the Notes, the Warrants or any agreement entered into in connection with the
foregoing, or any portion hereof or thereof; (b) any change in the time, manner
or place of payment or performance of, or in any other term of, all or any of
the Obligations, or any other amendment or waiver of or any consent to any
departure from the Notes, the Warrants or any other agreement entered into in
connection with the foregoing; (c) any exchange, release or nonperfection of any
of the Intellectual Property, or any release or amendment or waiver of or
consent to departure from any other Intellectual Property for, or any guaranty,
or any other security, for all or any of the Obligations; (d) any action by the
Secured Party to obtain, adjust, settle and cancel in its sole discretion any
insurance claims or matters made or arising in connection with the Intellectual
Property; or (e) any other circumstance which might otherwise constitute any
legal or equitable defense available to the Company, or a discharge of all or
any part of the Security Interest granted hereby. Until the Obligations shall
have been paid and performed in full, the rights of the Secured Party shall
continue even if the Obligations are barred for any reason, including, without
limitation, the running of the statute of limitations or bankruptcy. The Company
expressly waives presentment, protest, notice of protest, demand, notice of
nonpayment and demand for performance. In the event that at any time any
transfer of any Intellectual Property or any payment received by the Secured
Party hereunder shall be deemed by final order of a court of competent
jurisdiction to have been a voidable preference or fraudulent conveyance under
the bankruptcy or insolvency laws of the United States, or shall be deemed to be
otherwise due to any party other than the Secured Party, then, in any such
event, the Company's obligations hereunder shall survive cancellation of this
Agreement, and shall not be discharged or satisfied by any prior payment thereof
and/or cancellation of this Agreement, but shall remain a valid and binding
obligation enforceable in accordance with the terms and provisions hereof. The
Company waives all right to require the Secured Party to proceed against any
other person or to apply any Intellectual Property which the Secured Party may
hold at any time, or to marshal assets, or to pursue any other remedy. The
Company waives any defense arising by reason of the application of the statute
of limitations to any obligation secured hereby.

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         11. TERM OF AGREEMENT. This Agreement and the Security Interest shall
terminate on the date on which all payments under the Notes have been made in
full and all other Obligations have been paid or discharged. Upon such
termination, the Secured Party, at the request and at the expense of the
Company, will join in executing any termination statement with respect to any
financing statement executed and filed pursuant to this Agreement.

         12. POWER OF ATTORNEY; FURTHER ASSURANCES.

                  (a) The Company authorizes the Secured Party, and does hereby
make, constitute and appoint it, and its respective officers, agents, successors
or assigns with full power of substitution, as the Company's true and lawful
attorney-in-fact, with power, in its own name or in the name of the Company, to,
after the occurrence and during the continuance of an Event of Default, (i)
endorse any notes, checks, drafts, money orders, or other instruments of payment
(including payments payable under or in respect of any policy of insurance) in
respect of the Intellectual Property that may come into possession of the
Secured Party; (ii) to sign and endorse any UCC financing statement or any
invoice, freight or express bill, bill of lading, storage or warehouse receipts,
drafts against debtors, assignments, verifications and notices in connection
with accounts, and other documents relating to the Intellectual Property; (iii)
to pay or discharge taxes, liens, security interests or other encumbrances at
any time levied or placed on or threatened against the Intellectual Property;
(iv) to demand, collect, receipt for, compromise, settle and sue for monies due
in respect of the Intellectual Property; and (v) generally, to do, at the option
of the Secured Party, and at the Company's expense, at any time, or from time to
time, all acts and things which the Secured Party deems necessary to protect,
preserve and realize upon the Intellectual Property and the Security Interest
granted therein in order to effect the intent of this Agreement, the Notes and
the Warrants, all as fully and effectually as the Company might or could do; and
the Company hereby ratifies all that said attorney shall lawfully do or cause to
be done by virtue hereof. This power of attorney is coupled with an interest and
shall be irrevocable for the term of this Agreement and thereafter as long as
any of the Obligations shall be outstanding.

                  (b) On a continuing basis, the Company will make, execute,
acknowledge, deliver, file and record, as the case may be, in the proper filing
and recording places in any jurisdiction, including, without limitation, the
jurisdictions indicated on SCHEDULE C, attached hereto, all such instruments,
and take all such action as may reasonably be deemed necessary or advisable, or
as reasonably requested by the Secured Party, to perfect the Security Interest
granted hereunder and otherwise to carry out the intent and purposes of this
Agreement, or for assuring and confirming to the Secured Party the grant or
perfection of a security interest in all the Intellectual Property.

                  (c) The Company hereby irrevocably appoints the Secured Party
as the Company's attorney-in-fact, with full authority in the place and stead of
the Company and in the name of the Company, from time to time in the Secured
Party's discretion, to take any action and to execute any instrument which the
Secured Party may deem necessary or advisable to accomplish the purposes of this
Agreement, including the filing, in its sole discretion, of one or more
financing or continuation statements and amendments thereto, relative to any of
the Intellectual Property without the signature of the Company where permitted
by law.

                                       11

<PAGE>

         13. NOTICES. All notices, requests, demands and other communications
hereunder shall be in writing, with copies to all the other parties hereto, and
shall be deemed to have been duly given when (i) if delivered by hand, upon
receipt, (ii) if sent by facsimile, upon receipt of proof of sending thereof,
(iii) if sent by nationally recognized overnight delivery service (receipt
requested), the next business day or (iv) if mailed by first-class registered or
certified mail, return receipt requested, postage prepaid, four days after
posting in the U.S. mails, in each case if delivered to the following addresses:

         If to the Company:             FemOne, Inc.
                                        5600 Avenida Encinas, Suite 130
                                        Carlsbad, California  92008
                                        Attention:  Chief Executive Officer
                                        Telephone:  (760) 448-2498
                                        Facsimile:  (760) 931-1304

         With copies to:                August Law Group, P.C.
                                        The Atrium
                                        19200 Von Karman Avenue, Suite 500
                                        Irvine, California  92612
                                        Attention:  Kenneth S. August, Esq.
                                        Telephone:  (949) 752-7772
                                        Facsimile:  (949) 752-7776

         If to the Secured Party:       AJW Partners, LLC
                                        AJW Offshore, Ltd.
                                        AJW Qualified Partners, LLC
                                        New Millennium Capital Partners II, LLC
                                        1044 Northern Boulevard
                                        Suite 302
                                        Roslyn, New York  11576
                                        Attention:  Corey Ribotsky
                                        Facsimile:  516-739-7115

         With copies to:                Ballard Spahr Andrews & Ingersoll, LLP
                                        1735 Market Street, 51st Floor
                                        Philadelphia, Pennsylvania  19103
                                        Attention:  Gerald J. Guarcini, Esquire
                                        Facsimile:  215-864-8999

         14. OTHER SECURITY. To the extent that the Obligations are now or
hereafter secured by property other than the Intellectual Property or by the
guarantee, endorsement or property of any other person, firm, corporation or
other entity, then the Secured Party shall have the right, in its sole
discretion, to pursue, relinquish, subordinate, modify or take any other action
with respect thereto, without in any way modifying or affecting any of the
Secured Party's rights and remedies hereunder.

                                       12

<PAGE>

         15. MISCELLANEOUS.

                  (a) No course of dealing between the Company and the Secured
Party, nor any failure to exercise, nor any delay in exercising, on the part of
the Secured Party, any right, power or privilege hereunder or under the Notes
shall operate as a waiver thereof; nor shall any single or partial exercise of
any right, power or privilege hereunder or thereunder preclude any other or
further exercise thereof or the exercise of any other right, power or privilege.

                  (b) All of the rights and remedies of the Secured Party with
respect to the Intellectual Property, whether established hereby or by the Notes
or by any other agreements, instruments or documents or by law shall be
cumulative and may be exercised singly or concurrently.

                  (c) This Agreement and the Security Agreement constitute the
entire agreement of the parties with respect to the subject matter hereof and is
intended to supersede all prior negotiations, understandings and agreements with
respect thereto. Except as specifically set forth in this Agreement, no
provision of this Agreement may be modified or amended except by a written
agreement specifically referring to this Agreement and signed by the parties
hereto.

                  (d) In the event that any provision of this Agreement is held
to be invalid, prohibited or unenforceable in any jurisdiction for any reason,
unless such provision is narrowed by judicial construction, this Agreement
shall, as to such jurisdiction, be construed as if such invalid, prohibited or
unenforceable provision had been more narrowly drawn so as not to be invalid,
prohibited or unenforceable. If, notwithstanding the foregoing, any provision of
this Agreement is held to be invalid, prohibited or unenforceable in any
jurisdiction, such provision, as to such jurisdiction, shall be ineffective to
the extent of such invalidity, prohibition or unenforceability without
invalidating the remaining portion of such provision or the other provisions of
this Agreement and without affecting the validity or enforceability of such
provision or the other provisions of this Agreement in any other jurisdiction.

                  (e) No waiver of any breach or default or any right under this
Agreement shall be considered valid unless in writing and signed by the party
giving such waiver, and no such waiver shall be deemed a waiver of any
subsequent breach or default or right, whether of the same or similar nature or
otherwise.

                  (f) This Agreement shall be binding upon and inure to the
benefit of each party hereto and its successors and assigns.

                  (g) Each party shall take such further action and execute and
deliver such further documents as may be necessary or appropriate in order to
carry out the provisions and purposes of this Agreement.

                  (h) This Agreement shall be construed in accordance with the
laws of the State of New York, except to the extent the validity, perfection or
enforcement of a security interest hereunder in respect of any particular
Intellectual Property which are governed by a jurisdiction other than the State
of New York in which case such law shall govern. Each of the parties hereto

                                       13

<PAGE>

irrevocably submit to the exclusive jurisdiction of any New York State or United
States Federal court sitting in Manhattan county over any action or proceeding
arising out of or relating to this Agreement, and the parties hereto hereby
irrevocably agree that all claims in respect of such action or proceeding may be
heard and determined in such New York State or Federal court. The parties hereto
agree that a final judgment in any such action or proceeding shall be conclusive
and may be enforced in other jurisdictions by suit on the judgment or in any
other manner provided by law. The parties hereto further waive any objection to
venue in the State of New York and any objection to an action or proceeding in
the State of New York on the basis of forum non conveniens.

                  (i) EACH PARTY HERETO HEREBY AGREES TO WAIVE ITS RESPECTIVE
RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT
OF THIS AGREEMENT. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL ENCOMPASSING
OF ANY DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT
MATER OF THIS AGREEMENT, INCLUDING WITHOUT LIMITATION CONTRACT CLAIMS, TORT
CLAIMS, BREACH OF DUTY CLAIMS AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS.
EACH PARTY HERETO ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT FOR
EACH PARTY TO ENTER INTO A BUSINESS RELATIONSHIP, THAT EACH PARTY HAS ALREADY
RELIED ON THIS WAIVER IN ENTERING INTO THIS AGREEMENT AND THAT EACH PARTY WILL
CONTINUE TO RELY ON THIS WAIVER IN THEIR RELATED FUTURE DEALINGS. EACH PARTY
FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL
COUNSEL, AND THAT SUCH PARTY HAS KNOWINGLY AND VOLUNTARILY WAIVES ITS RIGHTS TO
A JURY TRIAL FOLLOWING SUCH CONSULTATION. THIS WAIVER IS IRREVOCABLE, MEANING
THAT, NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, IT MAY NOT BE MODIFIED
EITHER ORALLY OR IN WRITING, AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT
AMENDMENTS, RENEWALS AND SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT. IN THE
EVENT OF A LITIGATION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A
TRIAL BY THE COURT.

                  (j) This Agreement may be executed in any number of
counterparts, each of which when so executed shall be deemed to be an original
and, all of which taken together shall constitute one and the same Agreement. In
the event that any signature is delivered by facsimile transmission, such
signature shall create a valid binding obligation of the party executing (or on
whose behalf such signature is executed) the same with the same force and effect
as if such facsimile signature were the original thereof.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       14

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed on the day and year first above written.

                                          FEMONE, INC.

                                          By:  /S/ Ray W. Grimm, Jr.
                                             -----------------------------------
                                                   Ray W. Grimm, Jr.
                                                   Chief Executive Officer

                                          AJW PARTNERS, LLC
                                          By:  SMS Group, LLC

                                          By: /S/ Corey S. Ribotsky
                                             -----------------------------------
                                                   Corey S. Ribotsky
                                                   Manager

                                          AJW OFFSHORE, LTD.
                                          By:  First Street Manager II, LLC

                                          By: /S/ Corey S. Ribotsky
                                             -----------------------------------
                                                   Corey S. Ribotsky
                                                   Manager

                                          AJW QUALIFIED PARTNERS, LLC
                                          By:  AJW Manager, LLC

                                          By: /S/ Corey S. Ribotsky
                                             -----------------------------------
                                          Corey S. Ribotsky
                                          Manager

                                          NEW MILLENNIUM CAPITAL
                                          PARTNERS II, LLC
                                          By:  First Street Manager II, LLC

                                          By: /S/ Corey S. Ribotsky
                                             -----------------------------------
                                                   Corey S. Ribotsky
                                                   Manager

                                       15<PAGE>

                                                                   Exhibit 10.19

                          GUARANTY AND PLEDGE AGREEMENT

                  GUARANTY AND PLEDGE AGREEMENT (this "AGREEMENT"), dated as of
July 23, 2004, among FemOne, Inc., a Nevada corporation (the "COMPANY"), Alfred
Hanser (the "PLEDGOR"), and the pledgees signatory hereto and their respective
endorsees, transferees and assigns (collectively, the "PLEDGEES").

                              W I T N E S S E T H:
                              - - - - - - - - - -

                  WHEREAS, pursuant to a Securities Purchase Agreement, dated
the date hereof, between Company and the Pledgees (the "PURCHASE AGREEMENT"),
Company has agreed to issue to the Pledgees and the Pledgees have agreed to
purchase from Company certain of Company's 12% Callable Secured Convertible
Notes, due two years from the date of issue (the "NOTES"), which are convertible
into shares of Company's Common Stock, par value $.001 per share (the "COMMON
STOCK"). In connection therewith, Company shall issue the Pledgees certain
Common Stock purchase warrants (the "WARRANTS"); and

                  WHEREAS, as a material inducement to the Pledgees to enter
into the Purchase Agreement, the Pledgees have required and the Pledgor has
agreed (i) to unconditionally guarantee the timely and full satisfaction of all
obligations of the Company, whether matured or unmatured, now or hereafter
existing or created and becoming due and payable (the "OBLIGATIONS") to the
Pledgees, their successors, endorsees, transferees or assigns under the
Transaction Documents (as defined in the Purchase Agreement) to the extent of
the Collateral (as defined in Section 5 hereof), and (ii) to grant to the
Pledgees, their successors, endorsees, transferees or assigns a security
interest in the number of shares of Common Stock currently owned by the Pledgor
as set forth below the Pledgor's signature on the signature page hereto
(collectively, the "SHARES"), as collateral security for the Obligations. Terms
used and not defined herein shall have the meaning ascribed to them in the
Purchase Agreement.

                  NOW, THEREFORE, in consideration of the foregoing recitals,
and the mutual covenants contained herein, the parties hereby agree as follows:

                  1. GUARANTY. To the extent of the Collateral, the Pledgor
hereby absolutely, unconditionally and irrevocably guarantees to the Pledgees,
their successors, endorsees, transferees and assigns the due and punctual
performance and payment of the Obligations owing to the Pledgees, their
successors, endorsees, transferees or assigns when due, all at the time and
place and in the amount and manner prescribed in, and otherwise in accordance
with, the Transaction Documents, regardless of any defense or set-off
counterclaim which the Company or any other person may have or assert, and
regardless of whether or not the Pledgees or anyone on behalf of the Pledgees
shall have instituted any suit, action or proceeding or exhausted its remedies
or taken any steps to enforce any rights against the Company or any other person
to compel any such performance or observance or to collect all or part of any
such amount, either pursuant to the provisions of the Transaction Documents or
at law or in equity, and regardless of any other condition or contingency. The
Pledgor shall have no obligation whatsoever to the Pledgees beyond the
Collateral pledged for the Obligations set forth herein.

<PAGE>

                  2. WAIVER OF DEMAND. The Pledgor hereby unconditionally: (i)
waives any requirement that the Pledgees, in the event of a breach in any
material respect by the Company of any of its representations or warranties in
the Transaction Documents, first make demand upon, or seek to enforce remedies
against, the Company or any other person before demanding payment of enforcement
hereunder; (ii) covenants that this Agreement will not be discharged except by
complete performance of all the Obligations to the extent of the Collateral;
(iii) agrees that this Agreement shall remain in full force and effect without
regard to, and shall not be affected or impaired, without limitation, by, any
invalidity, irregularity or unenforceability in whole or in part of the
Transaction Documents or any limitation on the liability of the Company
thereunder, or any limitation on the method or terms of payment thereunder which
may now or hereafter be caused or imposed in any manner whatsoever; and (iv)
waives diligence, presentment and protest with respect to, and notice of default
in the performance or payment of any Obligation by the Company under or in
connection with the Transaction Documents.

                  3. RELEASE. The obligations, covenants, agreements and duties
of the Pledgor hereunder shall not be released, affected or impaired by any
assignment or transfer, in whole or in part, of the Transaction Documents or any
Obligation, although made without notice to or the consent of the Pledgor, or
any waiver by the Pledgees, or by any other person, of the performance or
observance by the Company or the Pledgor of any of the agreements, covenants,
terms or conditions contained in the Transaction Documents, or any indulgence in
or the extension of the time or renewal thereof, or the modification or
amendment (whether material or otherwise), or the voluntary or involuntary
liquidation, sale or other disposition of all or any portion of the stock or
assets of the Company or the Pledgor, or any receivership, insolvency,
bankruptcy, reorganization, or other similar proceedings, affecting the Company
or the Pledgor or any assets of the Company or the Pledgor, or the release of
any property from any security for any Obligation, or the impairment of any such
property or security, or the release or discharge of the Company or the Pledgor
from the performance or observance of any agreement, covenant, term or condition
contained in or arising out of the Transaction Documents by operation of law, or
the merger or consolidation of the Company, or any other cause, whether similar
or dissimilar to the foregoing.

                  4. SUBROGATION.

                           (a) Unless and until complete performance of all the
Obligations to the extent of the Collateral, the Pledgor shall not be entitled
to exercise any right of subrogation to any of the rights of the Pledgees
against the Company or any collateral security or guaranty held by the Pledgees
for the payment or performance of the Obligations, nor shall the Pledgor seek
any reimbursement from the Company in respect of payments made by the Pledgor
hereunder.

                           (b) In the event that the Pledgor shall become
obligated to perform or pay any sums hereunder, or in the event that for any
reason the Company is now or shall hereafter become indebted to the Pledgor, the
amount of such sum shall at all times be subordinate as to lien, time of payment
and in all other respects, to the amounts owing to the Pledgees under the
Transaction Documents, and the Pledgor shall not enforce or receive payment
thereof until all Obligations due to the Pledgees under the Transaction have
been performed or paid. Nothing herein contained is intended or shall be
construed to give to the Pledgor any right of subrogation in or under the
Transaction Documents, or any right to participate in any way therein, or in any
right, title or interest in the assets of the Pledgees.

                                       2
<PAGE>

                  5. SECURITY. As collateral security for the punctual payment
and performance, when due, by the Company of all the Obligations, the Pledgor
hereby pledges with, hypothecates, transfers and assigns to the Pledgees all of
the Shares and all proceeds, shares and other securities received, receivable or
otherwise distributed in respect of or in exchange for the Shares, including,
without limitation, any shares and other securities into which such Shares may
be convertible or exchangeable (collectively, the "ADDITIONAL COLLATERAL" and
together with the Shares, the "COLLATERAL"). Within five (5) days from the date
of this Agreement, the Pledgor shall deliver to the Pledgees the certificate(s)
representing the Shares, stamped with a bank medallion guarantee, along with a
stock transfer power duly executed in blank by the Pledgor, to be held by the
Pledgees as security. Any Collateral received by the Pledgor on or after the
date hereof shall be immediately delivered to the Pledgees together with any
executed stock powers or other transfer documents requested by the Pledgees,
which request may be made at any time prior to the date when the Obligations
shall have been paid and otherwise satisfied in full.

                  6. VOTING POWER, DIVIDENDS, ETC. AND OTHER AGREEMENTS.

                           (a) Unless and until an Event of Default (as set
forth in Section 7 hereof) has occurred, the Pledgor shall be entitled to:

                                    (i) Exercise all voting and/or consensual
                           powers pertaining to the Collateral, or any part
                           thereof, for all purposes;

                                    (ii) Receive and retain dividends paid with
                           respect to the Collateral; and

                                    (iii) Receive the benefits of any income tax
                           deductions available to the Pledgor as a shareholder
                           of the Company.

                           (b) The Pledgor agrees that it will not sell, assign,
transfer, pledge, hypothecate, encumber or otherwise dispose of the Collateral
unless and until it is released by the Pledgees pursuant hereto.

                           (c) The Pledgor and the Company jointly and severally
agree to pay all costs including all reasonable attorneys' fees and
disbursements incurred by the Pledgees in enforcing this Agreement in accordance
with its terms.

                  7. DEFAULT AND REMEDIES.

                           (a) For the purposes of this Agreement, "EVENT OF
DEFAULT" shall mean:

                                    (i) default in or under any of the
                           Obligations after the expiration, without cure or
                           waiver, of any applicable cure period;

                                       3
<PAGE>

                                    (ii) a breach in any material respect by the
                           Company of any of its representations or warranties
                           in the Transaction Documents; or

                                    (iii) a breach in any material respect by
                           the Pledgor of any of its representations or
                           warranties in this Agreement.

                           (b) the Pledgees shall have the following rights upon
any Event of Default:

                                    (i) the rights and remedies provided by the
                           Uniform Commercial Code as adopted by the State of
                           New York (the "UCC") (as said law may at any time be
                           amended);

                                    (ii) the right to receive and retain all
                           dividends, payments and other distributions of any
                           kind upon any or all of the Collateral;

                                    (iii) the right to cause any or all of the
                           Collateral to be transferred to its own name or to
                           the name of its designee and have such transfer
                           recorded in any place or places deemed appropriate by
                           the Pledgees; and

                                    (iv) the right to sell, at a public or
                           private sale, the Collateral or any part thereof for
                           cash, upon credit or for future delivery, and at such
                           price or prices in accordance with the UCC (as such
                           law may be amended from time to time). Upon any such
                           sale the Pledgees shall have the right to deliver,
                           assign and transfer to the purchaser thereof the
                           Collateral so sold. The Pledgees shall give the
                           Pledgor not less than ten (10) days' written notice
                           of its intention to make any such sale. Any such
                           sale, shall be held at such time or times during
                           ordinary business hours and at such place or places
                           as the Pledgees may fix in the notice of such sale.
                           The Pledgees may adjourn or cancel any sale or cause
                           the same to be adjourned from time to time by
                           announcement at the time and place fixed for the
                           sale, and such sale may be made at any time or place
                           to which the same may be so adjourned. In case of any
                           sale of all or any part of the Collateral upon terms
                           calling for payments in the future, any Collateral so
                           sold may be retained by the Pledgees until the
                           selling price is paid by the purchaser thereof, but
                           the Pledgees shall incur no liability in the case of
                           the failure of such purchaser to take up and pay for
                           the Collateral so sold and, in the case of such
                           failure, such Collateral may again be sold upon like
                           notice. The Pledgees, however, instead of exercising
                           the power of sale herein conferred upon them, may
                           proceed by a suit or suits at law or in equity to
                           foreclose the security interest and sell the
                           Collateral, or any portion thereof, under a judgment
                           or decree of a court or courts of competent
                           jurisdiction, the Pledgor having been given due
                           notice of all such action. The Pledgees shall incur
                           no liability as a result of a sale of the Collateral
                           or any part thereof. All proceeds of any such sale,
                           after deducting the reasonable expenses and
                           reasonable attorneys' fees incurred in connection
                           with such sale, shall be applied in reduction of the
                           Obligations, and the remainder, if any, shall be paid
                           to the Pledgor.

                                       4
<PAGE>

                  8. APPLICATION OF PROCEEDS; RELEASE. The proceeds of any sale
or enforcement of or against all or any part of the Collateral, and any other
cash or collateral at the time held by the Pledgees hereunder, shall be applied
by the Pledgees first to the payment of the reasonable costs of any such sale or
enforcement, then to reimburse the Pledgees for any damages, costs or expenses
incurred by the Pledgees as a result of an Event of Default, then to the payment
of the principal amount or stated valued (as applicable) of, and interest or
dividends (as applicable) and any other payments due in respect of, the
Obligations. The remainder, if any, shall be paid to the Pledgor. As used in
this Agreement, "PROCEEDS" shall mean cash, securities and other property
realized in respect of, and distributions in kind of, the Collateral, including
any thereof received under any reorganization, liquidation or adjustment of debt
of any issuer of securities included in the Collateral.

                  9. REPRESENTATIONS AND WARRANTIES.

                           (a) The Pledgor hereby represents and warrants to the
Pledgees that:

                                    (i) the Pledgor has full power and authority
                           and legal right to pledge the Collateral to the
                           Pledgees pursuant to this Agreement and this
                           Agreement constitutes a legal, valid and binding
                           obligation of the Pledgor, enforceable in accordance
                           with its terms.

                                    (ii) the execution, delivery and performance
                           of this Agreement and other instruments contemplated
                           herein will not violate any provision of any order or
                           decree of any court or governmental instrumentality
                           or of any mortgage, indenture, contract or other
                           agreement to which the Pledgor is a party or by which
                           the Pledgor and the Collateral may be bound, and will
                           not result in the creation or imposition of any lien,
                           charge or encumbrance on, or security interest in,
                           any of the Pledgor's properties pursuant to the
                           provisions of such mortgage, indenture, contract or
                           other agreement.

                                    (iii) the Pledgor is the sole record and
                           beneficial owner of all of the Shares; and

                                    (iv) the Pledgor owns the Collateral free
                           and clear of all Liens.

                           (b) The Company represents and warrants to the
Pledgees that:

                                    (i) it has no knowledge that any of the
                           representations or warranties of the Pledgor herein
                           are incorrect or false in any material respect;

                                    (ii) all of the Shares were validly issued,
                           fully paid and non-assessable; and

                                    (iii) the Pledgor is the record holder of
                           the Shares.

                                       5
<PAGE>

                  10. NO WAIVER; NO ELECTION OF REMEDIES. No failure on the part
of the Pledgees to exercise, and no delay in exercising, any right, power or
remedy hereunder shall operate as a waiver thereof; nor shall any single or
partial exercise by the Pledgees of any right, power or remedy preclude any
other or further exercise thereof or the exercise of any other right, power or
remedy. The remedies herein provided are cumulative and are not exclusive of any
remedies provided by law. In addition, the exercise of any right or remedy of
the Pledgees at law or equity or under this Agreement or any of the documents
shall not be deemed to be an election of Pledgee's rights or remedies under such
documents or at law or equity.

                  11. TERMINATION. This Agreement shall terminate on the date on
which all Obligations have been performed, satisfied, paid or discharged in
full.

                  12. FURTHER ASSURANCES. The parties hereto agree that, from
time to time upon the written request of any party hereto, they will execute and
deliver such further documents and do such other acts and things as such party
may reasonably request in order fully to effect the purposes of this Agreement.
The Pledgees acknowledge that they are aware that Pledgor shall have no
obligations whatsoever to the Pledgees beyond the Collateral pledged for the
Obligations set forth herein, and no request for further assurance may or shall
increase such Obligations.

                  13. MISCELLANEOUS.

                           (a) MODIFICATION. This Agreement contains the entire
understanding between the parties with respect to the subject matter hereof and
specifically incorporates all prior oral and written agreements relating to the
subject matter hereof. No portion or provision of this Agreement may be changed,
modified, amended, waived, supplemented, discharged, canceled or terminated
orally or by any course of dealing, or in any manner other than by an agreement
in writing, signed by the party to be charged.

                           (b) NOTICE. Any and all notices or other
communications or deliveries required or permitted to be provided hereunder
shall be in writing and shall be deemed given and effective on the earliest of
(i) the date of transmission, if such notice or communication is delivered via
facsimile at the facsimile telephone number specified in this Section prior to
6:30 p.m. (New York City time) on a Business Day (as defined in the Purchase
Agreement), (ii) the Business Day after the date of transmission, if such notice
or communication is delivered via facsimile at the facsimile telephone number
specified in this Agreement later than 6:30 p.m. (New York City time) on any
date and earlier than 11:59 p.m. (New York City time) on such date, (iii) the
Business Day following the date of mailing, if sent by nationally recognized
overnight courier services, or (iv) upon actual receipt by the party to whom
such notice is required to be given. The address for such notices and
communications shall be as follows:

         If to the Company:                 FemOne, Inc.
                                            5600 Avenida Encinas, Suite 130
                                            Carlsbad, California  92008
                                            Attention:  Chief Executive Officer
                                            Telephone:  (760) 448-2498
                                            Facsimile:  (760) 931-1304

                                       6
<PAGE>

         With copies to:                August Law Group, P.C.
                                        The Atrium
                                        19200 Von Karman Avenue, Suite 500
                                        Irvine, California  92612
                                        Attention:  Kenneth S. August, Esq.
                                        Telephone:  (949) 752-7772
                                        Facsimile:  (949) 752-7776

         If to the Pledgor:             Alfred Hanser
                                        c/o FemOne, Inc.
                                        5600 Avenida Encinas, Suite 130
                                        Carlsbad, California  92008
                                        Attention:  Chief Executive Officer
                                        Telephone:  (760) 448-2498
                                        Facsimile:  (760) 931-1304

         If to the Pledgees:            AJW Partners, LLC
                                        AJW Offshore, Ltd.
                                        AJW Qualified Partners, LLC
                                        New Millennium Capital Partners II, LLC
                                        1044 Northern Boulevard
                                        Suite 302
                                        Roslyn, New York  11576
                                        Facsimile:  (516) 739-7115
                                        Attn:  Corey S. Ribotsky

         With copies to:                Ballard Spahr Andrews & Ingersoll, LLP
                                        1735 Market Street, 51st Fl.
                                        Philadelphia, PA  19103
                                        Facsimile:  (215) 864-8999
                                        Attn:  Gerald J. Guarcini, Esquire

                           (c) INVALIDITY. If any part of this Agreement is
contrary to, prohibited by, or deemed invalid under applicable laws or
regulations, such provision shall be inapplicable and deemed omitted to the
extent so contrary, prohibited or invalid, but the remainder hereof shall not be
invalidated thereby and shall be given effect so far as possible.

                           (d) BENEFIT OF AGREEMENT. This Agreement shall be
binding upon and inure to the parties hereto and their respective successors and
assigns.

                           (e) MUTUAL AGREEMENT. This Agreement embodies the
arm's length negotiation and mutual agreement between the parties hereto and
shall not be construed against either party as having been drafted by it.

                           (f) NEW YORK LAW TO GOVERN. This Agreement shall be
governed by and construed and enforced in accordance with the internal laws of
the State of New York without regard to the principals of conflicts of law
thereof. Each party hereby irrevocably submits to the exclusive jurisdiction of
the state and Federal courts sitting in the city of New York, borough of

                                       7
<PAGE>

Manhattan, for the adjudication of any dispute hereunder or in connection
herewith or with any transaction contemplated hereby or discussed herein, and
hereby irrevocably waives, and agrees not to assert in any suit, action or
proceeding, any claim that it is not personally subject to the jurisdiction of
any such court or that such suit, action or proceeding is improper. Each party
hereby irrevocably waives personal service of process and consents to process
being served in any such suit, action or proceeding by mailing a copy thereof to
such party at the address in effect for notices to it under this agreement and
agrees that such service shall constitute good and sufficient service of process
and notice thereof. Nothing contained herein shall be deemed to limit in any way
any right to serve process in any manner permitted by law.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       8
<PAGE>

                  IN WITNESS WHEREOF, the parties hereto have caused this
Guaranty and Pledge Agreement to be duly executed by their respective authorized
persons as of the date first indicated above.

                                        FEMONE, INC.

                                        By: /S/ Ray W. Grimm, Jr.
                                           -------------------------------------
                                             Ray W. Grimm, Jr.
                                             Chief Executive Officer

                                        PLEDGEES:

                                        AJW PARTNERS, LLC
                                        By: SMS Group, LLC

                                                 By: /S/ Corey S. Ribotsky
                                                     ---------------------------
                                                     Corey S. Ribotsky
                                                     Manager

                                        AJW OFFSHORE, LTD.
                                        By:  First Street Manager II, LLC

                                                 By: /S/ Corey S. Ribotsky
                                                     ---------------------------
                                                     Corey S. Ribotsky
                                                     Manager

                                        AJW QUALIFIED PARTNERS, LLC
                                        By:  AJW Manager, LLC

                                                 By: /S/ Corey S. Ribotsky
                                                     ---------------------------
                                                     Corey S. Ribotsky
                                                     Manager

                                        NEW MILLENNIUM CAPITAL PARTNERS II, LLC
                                        By:  First Street Manager II, LLC

                                                 By: /S/ Corey S. Ribotsky
                                                     ---------------------------
                                                     Corey S. Ribotsky
                                                     Manager

                    [Signatures Continued on Following Page]

                                       9
<PAGE>

                              PLEDGOR:

                              /S/ Alfred Hanser
                              --------------------------------------------------
                              Alfred Hanser

                              Number of Shares subject to this pledge: 3,691,792

                              Date such Shares were acquired: September 1, 2003

                                       10

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