Document:

SECURITY AGREEMENT

      SECURITY AGREEMENT (this "Agreement"), dated as of September 12, 2006, by
and among Advanced Biophotonics Inc., a Delaware corporation ("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 8% Callable Secured
Convertible Notes, due three 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 property 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.

      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. Certain Definitions. As used in this Agreement, the following terms
shall have the meanings set forth in this Section 1. Terms used but not
otherwise defined in this Agreement that are defined in Article 9 of the UCC
(such as "general intangibles" and "proceeds") shall have the respective
meanings given such terms in Article 9 of the UCC.

            (a) "Collateral" means the collateral in which the Secured Party is
      granted a security interest by this Agreement and which shall include the
      following, whether presently owned or existing or hereafter acquired or
      coming into existence, and all additions and accessions thereto and all
      substitutions and replacements thereof, and all proceeds, products and
      accounts thereof, including, without limitation, all proceeds from the
      sale or transfer of the Collateral and of insurance covering the same and
      of any tort claims in connection therewith:

                  (i) All Goods of the Company, including, without limitations,
            all machinery, equipment, computers, motor vehicles, trucks, tanks,
            boats, ships, appliances, furniture, special and general tools,
            fixtures, test and quality control devices and other equipment of
            every kind and nature and wherever situated, together with all
            documents of title and documents representing the same, all
            additions and accessions thereto, replacements therefor, all parts
            therefor, and all substitutes for any of the foregoing and all other
            items used and useful in connection with the Company's businesses
            and all improvements thereto (collectively, the "Equipment"); and

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                  (ii) All Inventory of the Company; and

                  (iii) All of the Company's contract rights and general
            intangibles, including, without limitation, all partnership
            interests, stock or other securities, licenses, distribution and
            other agreements, computer software development rights, leases,
            franchises, customer lists, quality control procedures, grants and
            rights, goodwill, trademarks, service marks, trade styles, trade
            names, patents, patent applications, copyrights, deposit accounts,
            and income tax refunds (collectively, the "General Intangibles");
            and

                  (iv) All Receivables of the Company including all insurance
            proceeds, and rights to refunds or indemnification whatsoever owing,
            together with all instruments, all documents of title representing
            any of the foregoing, all rights in any merchandising, goods,
            equipment, motor vehicles and trucks which any of the same may
            represent, and all right, title, security and guaranties with
            respect to each Receivable, including any right of stoppage in
            transit; and

                  (v) All of the Company's documents, instruments and chattel
            paper, files, records, books of account, business papers, computer
            programs and the products and proceeds of all of the foregoing
            Collateral set forth in clauses (i)-(iv) above.

            (b) "Company" shall mean, collectively, Company and all of the
      subsidiaries of Company, a list of which is contained in Schedule A,
      attached hereto.

            (c) "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.

            (d) "UCC" means the Uniform Commercial Code, as currently in effect
      in the State of New York.

      2. Grant of Security Interest. As an inducement for the Secured Party to
purchase the Notes and 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 Collateral (the "Security Interest").

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      3. Representations, Warranties, Covenants and Agreements of the Company.
The Company represents and warrants to, 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 Collateral is stored or located, except as
      set forth on Schedule A attached hereto;

            (c) The Company is the sole owner of the Collateral (except for
      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 Collateral, except as set forth on Schedule C. 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) covering or affecting any of the Collateral, except as set
      forth on Schedule C. 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), except as set
      forth on Schedule C.

            (d) No part of the Collateral has been judged invalid or
      unenforceable. No written claim has been received that any Collateral or
      the Company's use of any Collateral violates the rights of any third
      party. There has been no adverse decision to the Company's claim of
      ownership rights in or exclusive rights to use the Collateral in any
      jurisdiction or to the Company's right to keep and maintain such
      Collateral in full force and effect, and there is no proceeding involving
      said rights pending or, to the best knowledge of the Company, threatened
      before any court, judicial body, administrative or regulatory agency,
      arbitrator or other governmental authority.

            (e) The Company shall at all times maintain its books of account and
      records relating to the Collateral at its principal place of business and
      its Collateral at the locations set forth on Schedule A attached hereto
      and may not relocate such books of account and records or tangible
      Collateral 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 appropriate financing statements and other 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 Collateral.

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<PAGE>

            (f) This Agreement creates in favor of the Secured Party a valid
      security interest in the Collateral securing the payment and performance
      of the Obligations and, upon making the filings described in the
      immediately following sentence, a perfected first priority security
      interest in such Collateral. Except for the filing of financing statements
      on Form-1 under the UCC with the jurisdictions indicated on Schedule B,
      attached hereto, no authorization or approval of or filing with or notice
      to any governmental authority or regulatory body is required either (i)
      for the grant by the Company of, or the effectiveness of, the Security
      Interest granted hereby or for the execution, delivery and performance of
      this Agreement by the Company or (ii) for the perfection of or exercise by
      the Secured Party of its rights and remedies hereunder.

            (g) On the date of execution of this Agreement, the Company will
      deliver to the Secured Party one or more executed UCC financing statements
      on Form-1 with respect to the Security Interest for filing with the
      jurisdictions indicated on Schedule B, attached hereto and in such other
      jurisdictions as may be requested by the Secured Party.

            (h) Except as set forth on Schedule C, 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.

            (i) 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 Collateral 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 Collateral for the account of the Secured Party. At the request of the
      Secured Party, the Company will sign and deliver to the Secured Party at
      any time or from time to time one or more financing statements pursuant to
      the UCC (or any other applicable statute) in form reasonably satisfactory
      to the Secured Party and will pay the cost of filing the same in all
      public offices wherever filing is, or is deemed by the Secured Party to
      be, necessary or desirable to effect the rights and obligations provided
      for herein. Without limiting the generality of the foregoing, the Company
      shall pay all fees, taxes and other amounts necessary to maintain the
      Collateral 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.

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

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<PAGE>

            (k) The Company shall keep and preserve its Equipment, Inventory and
      other tangible Collateral in good condition, repair and order and shall
      not operate or locate any such Collateral (or cause to be operated or
      located) in any area excluded from insurance coverage.

            (l) 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 Collateral, and of the occurrence of any event
      which would have a material adverse effect on the value of the Collateral
      or on the Secured Party's security interest therein.

            (m) The Company shall promptly execute and deliver to the Secured
      Party such further deeds, mortgages, assignments, security agreements,
      financing statements or other instruments, documents, certificates and
      assurances and take such further action as the Secured Party may from time
      to time request and may in its sole discretion deem necessary to perfect,
      protect or enforce its security interest in the Collateral including,
      without limitation, the execution and delivery of a separate security
      agreement with respect to the Company's intellectual property
      ("Intellectual Property Security Agreement") in which the Secured Party
      has been granted a security interest hereunder, substantially in a form
      acceptable to the Secured Party, which Intellectual Property Security
      Agreement, other than as stated therein, shall be subject to all of the
      terms and conditions hereof.

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

            (o) 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
      Collateral.

            (p) 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 Collateral and of any
      other information received by the Company that may materially affect the
      value of the Collateral, the Security Interest or the rights and remedies
      of the Secured Party hereunder.

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

            (r) Schedule A attached hereto contains a list of all of the
      subsidiaries of 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;

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            (b) Any representation or warranty of the Company in this Agreement
      or in the Intellectual Property 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 Intellectual Property 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 Collateral 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
      Collateral and, for that purpose, enter, with the aid and assistance of
      any person, any premises where the Collateral, or any part thereof, is or
      may be placed and remove the same, and the Company shall assemble the
      Collateral 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 Collateral in
      saleable or disposable form.

            (b) The Secured Party shall have the right to operate the business
      of the Company using the Collateral and shall have the right to assign,
      sell, lease or otherwise dispose of and deliver all or any part of the
      Collateral, 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 Collateral, the Secured Party may, unless prohibited by
      applicable law which cannot be waived, purchase all or any part of the
      Collateral being sold, free from and discharged of all trusts, claims,
      right of redemption and equities of the Company, which are hereby waived
      and released.

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      7. Applications of Proceeds. The proceeds of any such sale, lease or other
disposition of the Collateral 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 Collateral, 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
Collateral, 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 Collateral, 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 Collateral, 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 Collateral or the
Security Interest therein. The Company will also, upon demand, pay to the
Secured Party the amount of any and all reasonable 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 Collateral, 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 Collateral. The Company assumes all liabilities and
responsibility in connection with all Collateral, 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 Collateral 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 Collateral, or any release or amendment or waiver of or consent to
departure from any other collateral 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 Collateral; 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
Collateral 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
Collateral 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 Collateral 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 Collateral; (iii) to pay or discharge
      taxes, liens, security interests or other encumbrances at any time levied
      or placed on or threatened against the Collateral; (iv) to demand,
      collect, receipt for, compromise, settle and sue for monies due in respect
      of the Collateral; 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 Collateral 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.

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            (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 B, 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 Collateral.

            (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 Collateral without the
      signature of the Company where permitted by law.

      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:            Advanced Biophotonics Inc.
                              125 Wilbur Place, Suite 120
                              Bohemia, NY 11716
                              Attention: Chief Executive Officer
                              Telephone: (631) 543-3655
                              Facsimile: (631) 244-7960

With a copy to:               Sichenzia Ross Friedman Ference LLP
                              1065 Avenue of the Americas
                              New York, NY  10018
                              Attention: Gregory Sichenzia, Esq.
                              Telephone: (212) 930-9700
                              Facsimile: (212) 930-9725

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

      14. Other Security. To the extent that the Obligations are now or
hereafter secured by property other than the Collateral 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.

      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 Collateral, 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 constitutes 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.

                                       10
<PAGE>

            (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
      Collateral 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
      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.

                                       11
<PAGE>

(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]

                                       12
<PAGE>

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

                              ADVANCED BIOPHOTONICS INC.

                              By: /s/ Denis A.O'Connor
                                  -----------------------
                                  Denis A. O'Connor
                                  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

                                       13
<PAGE>

                                   SCHEDULE A

1.    Principal Place of Business of the Company

      125 Wilbur Place, Suite 120, Bohemia, New York  11716

2.    Locations of Collateral or Corporate Books other than Headquarters

    List of Bailed Equipment (BioScanIR(R) Systems) as of September 11, 2006

Unit#:           OMNI-0059 (Cleveland)
Customer:        Cleveland Clinic
Address:         Taussig Cancer Center
                 9500 Euclid Avenue
                 R1-132a
                 Cleveland, Ohio 44195

Shipped:         October 29, 2004
Product:         BioScanIR(R) Beta Version 1.1 (Therapy Monitoring)

Unit#:           ABP-0066
Customer:        Beth Israel Medical Center
Address:         110 Francis Street
                 Suite 5A
                 Boston, Massachusetts  02215

Shipped:         August 8, 2006
Product:         BioScanIR(R) Beta Version 2.0 (Plastic Surgery
                 Application)

Unit#:           ABP-0065
Customer:        Hospital at the University of Pennsylvania
Address:         University of Pennsylvania Medical Center
                 10 Penn Tower
                 3400 Spruce Street
                 Philadelphia, Pennsylvania  19104-6205

Shipped:         June 5, 2006
Product:         BioScanIR(R) Beta Version 2.0 (Plastic Surgery
                 Application)

Unit#:           ABP-0064
Customer:        Dartmouth - Hitchcock Medical School
Address:         One Medical Center Drive
                 Lebanon, New Hampshire  03756

                                       14
<PAGE>

Shipped:         June 15, 2006
Product:         BioScanIR(R) Beta Version 2.0 (Plastic Surgery
                 Application)

Unit#:           ABP-0063
Customer:        Yale University Medical Center
Address:         Yale New Haven Hospital
                 Boardman Building - Room 330N
                 330 Cedar Street
                 New Haven,  Connecticut  06520

Shipped:         January 9, 2006
Product:         BioScanIR(R) Beta Version 2.0 (Plastic Surgery
                 Application)

3.    List of Subsidiaries of the Company

      None.

                                       15
<PAGE>

                                   SCHEDULE B

1.       Existing UCC Financing Statements and Jurisdictions - ss.3(f)

         None.

2.       Future UCC Financing Statements and Jurisdictions- ss.3(g)

         These jurisdictions will be provided by the Buyers.

                                       16
<PAGE>

                                   SCHEDULE C

                     Potential Breach of Existing Agreements

None.

                                       17
<PAGE>

                                   SCHEDULE C

                Collateral - Equipment with Free and Clear Title

    List of Bailed Equipment (BioScanIR(R) Systems) as of September 11, 2006

Unit#:           OMNI-0059 (Cleveland)
Customer:        Cleveland Clinic
Address:         Taussig Cancer Center
                 9500 Euclid Avenue
                 R1-132a
                 Cleveland, Ohio 44195

Shipped:         October 29, 2004
Product:         BioScanIR(R) Beta Version 1.1 (Therapy Monitoring)

Unit#:           ABP-0066
Customer:        Beth Israel Medical Center
Address:         110 Francis Street
                 Suite 5A
                 Boston, Massachusetts  02215

Shipped:         August 8, 2006
Product:         BioScanIR(R) Beta Version 2.0 (Plastic Surgery
                 Application)

Unit#:           ABP-0065
Customer:        Hospital at the University of Pennsylvania
Address:         University of Pennsylvania Medical Center
                 10 Penn Tower
                 3400 Spruce Street
                 Philadelphia, Pennsylvania  19104-6205

Shipped:         June 5, 2006
Product:         BioScanIR(R) Beta Version 2.0 (Plastic Surgery
                 Application)

Unit#:           ABP-0064
Customer:        Dartmouth - Hitchcock Medical School
Address:         One Medical Center Drive
                 Lebanon, New Hampshire  03756

                                       18
<PAGE>

Shipped:         June 15, 2006
Product:         BioScanIR(R) Beta Version 2.0 (Plastic Surgery
                 Application)

Unit#:           ABP-0063
Customer:        Yale University Medical Center
Address:         Yale New Haven Hospital
                 Boardman Building - Room 330N
                 330 Cedar Street
                 New Haven,  Connecticut  06520

Shipped:         January 9, 2006
Product:         BioScanIR(R) Beta Version 2.0 (Plastic Surgery
                 Application)

                                       19INTELLECTUAL PROPERTY SECURITY AGREEMENT

      INTELLECTUAL PROPERTY SECURITY AGREEMENT (this "Agreement" dated as of
September 12, 2006, by and among Advanced Biophotonics Inc., a Delaware
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 8% Callable Secured
Convertible Notes, due three 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.

                                       2
<PAGE>

                  "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 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
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.

                                       3
<PAGE>

                  "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;

                                       4
<PAGE>

                  (c) The Company is the sole owner of the Intellectual Property
            (except for 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, except as set forth on Schedule D or for a financing
            statement covering assets acquired by the Company after the date
            hereof. 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) covering or
            affecting any of the Intellectual Property, except as set forth on
            Schedule D. 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), except as set forth on Schedule D or 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) Except as set forth on Schedule D, 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.

                                       5
<PAGE>

                  (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, which consent will not be
            unreasonably withheld.

                  (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.

                                       6
<PAGE>

                  (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 .
            Except as set forth in Schedule B, 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

                                       7
<PAGE>

                        (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.

                                       8
<PAGE>

            (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:

                                       9
<PAGE>

            (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.

            (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 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.

                                       10
<PAGE>

      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.

                                       11
<PAGE>

      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.

                                       12
<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:            Advanced Biophotonics Inc.
                              125 Wilbur Place, Suite 120
                              Bohemia, NY 11716
                              Attention: Chief Executive Officer
                              Telephone:  (631) 543-3655
                              Facsimile: (631) 244-7960

With a copy to:               Sichenzia Ross Friedman Ference LLP
                              1065 Avenue of the Americas
                              New York, NY  10018
                              Attention:  Gregory Sichenzia, Esq.
                              Telephone:  (212) 930-9700
                              Facsimile:  (212) 930-9725

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.

                                       13
<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.

                                       14
<PAGE>

            (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 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]

                                       15
<PAGE>

                                   SCHEDULE A

1.    Principal Place of Business of the Company

      125 Wilbur Place, Suite 120, Bohemia, New York  11716

2.    Locations of Intellectual Property other than Headquarters

    List of Bailed Equipment (BioScanIR(R) Systems) as of September 11, 2006

Unit#:           OMNI-0059 (Cleveland)
Customer:        Cleveland Clinic
Address:         Taussig Cancer Center
                 9500 Euclid Avenue
                 R1-132a
                 Cleveland, Ohio 44195

Shipped:         October 29, 2004
Product:         BioScanIR(R) Beta Version 1.1 (Therapy Monitoring)

Unit#:           ABP-0066
Customer:        Beth Israel Medical Center
Address:         110 Francis Street
                 Suite 5A
                 Boston, Massachusetts  02215

Shipped:         August 8, 2006
Product:         BioScanIR(R) Beta Version 2.0 (Plastic Surgery
                 Application)

Unit#:           ABP-0065
Customer:        Hospital at the University of Pennsylvania
Address:         University of Pennsylvania Medical Center
                 10 Penn Tower
                 3400 Spruce Street
                 Philadelphia, Pennsylvania  19104-6205

Shipped:         June 5, 2006
Product:         BioScanIR(R) Beta Version 2.0 (Plastic Surgery
                 Application)

                                       16
<PAGE>

Unit#:           ABP-0064
Customer:        Dartmouth - Hitchcock Medical School
Address:         One Medical Center Drive
                 Lebanon, New Hampshire  03756

Shipped:         June 15, 2006
Product:         BioScanIR(R) Beta Version 2.0 (Plastic Surgery
                 Application)

Unit#:           ABP-0063
Customer:        Yale University Medical Center
Address:         Yale New Haven Hospital
                 Boardman Building - Room 330N
                 330 Cedar Street
                 New Haven,  Connecticut  06520

Shipped:         January 9, 2006
Product:         BioScanIR(R) Beta Version 2.0 (Plastic Surgery
                 Application)

      3. List of Subsidiaries of the Company

         None.

                                       17
<PAGE>

                                   SCHEDULE B

1.   List of Patents and Patent Licenses

     See attached list.

2.   List of Trademarks and Trademark Licenses

     See attached list.

3.   List of Copyrights and Copyright Licenses

     None.

4.   Patents which are subject to Licensing or Franchise Agreements

     None.

5.   Trademarks which are subject to Licensing or Franchise Agreements

     None.

6.   Copyrights which are subject to Licensing or Franchise Agreements

     None.

7.   Actions bought to Invalidate the Company's Intellectual Property

     None.

8.   Infringement Actions bought against the Company's Intellectual Property

     None.

9.   Liens or encumbrances on the Company's Intellectual Property

     None.

                                       18
<PAGE>

                                   SCHEDULE C
Jurisdictions:

                                       19
<PAGE>

                                   SCHEDULE D

1.  Liens or Encumberances on the Intellectual Property of the Company - ss.3(c)

    None.

2.  Potential Breach of Existing Agreements- ss.3(g)

    None.

3.  Consents Required to Enter into this Agreement- ss.3(g)

    None.

4.  List of Subsidiaries of the Company - ss.3(o)

    None.

                                       20
<PAGE>

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

                              ADVANCED BIOPHOTONICS INC.

                              By: /s/ Denis A. O'Connor
                                  -----------------------
                                  Denis A. O'Connor
                                  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

                                       21

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