Document:

GUARANTY AGREEMENT

 

THIS GUARANTY
AGREEMENT is dated as of August 31 , 2012 (together with any amendments or modifications hereto in effect from time to time,
the "Guaranty"), and is made by MILLENNIUM PROCOMM SOLUTIONS, INC., a New York corporation, MILLENNIUM
CODING & BILLING, INC., a New York corporation, MILLENNIUM
MEDICAL DEVICES, LLC, a New York limited liability company, MILLENNIUM VASCULAR MANAGEMENT GROUP, INC., a New York
corporation, and MILLENNIUM VASCULAR MANAGEMENT GROUP OF STATEN ISLAND, LLC , a New York limited liability company
(each of them individually referred to as a "Guarantor" and all of them collectively referred to as the "Guarantors"), in
favor of TCA GLOBAL CREDIT MASTER FUND, LP ("TCA").

 

WHEREAS , pursuant
to a Securities Purchase Agreement dated of even date herewith between Millennium Healthcare, Inc., a Delaware corporation ("MHCC")
and TCA (the "Purchase Agreement"), MHCC has agreed to issue to TCA and TCA has agreed to purchase
from MHCC a certain convertible promissory note (the "Note"), as more specifically set forth in the Purchase Agreement;
and

 

WHEREAS , in
order to induce TCA to purchase the Note, and with full know ledge that TCA would not purchase the Note without this Guaranty,
each of the Guarantors has agreed to execute and deliver this Guaranty to TCA, for the benefit of TCA, as security for the "Liabilities"
(as hereinafter defined); and

 

WHEREAS, each
of the Guarantors is a wholly owned subsidiary of MHCC and will substantially benefit from TCA 's purchase of the Note;

 

NOW, THEREFORE
, in consideration of the mutual covenants and agreements of the parties hereinafter set forth and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the parties each intending to be legally bound, hereby
do agree as follows:

 

		I.	LIABILITIES GUARANTEED.

 

Guarantors, jointly
and severally (if more than one), hereby guarantee and become surety to TCA for the full, prompt and un conditional payment of
the Liabilities, when and as the same shall become due, whether at the stated maturity date, by acceleration or otherwise, and
the full, prompt and unconditional performance of each term and condition to be performed by MHCC under the Purchase Agreement
and the other Transaction Documents. This Guaranty is a primary obligation of each of the Guarantors and shall be a continuing
inexhaustible Guaranty. This is a guaranty of payment and not of collection. TCA may require Guarantors, or any one of them, to
pay and perform its liabilities and obligations under this Guaranty and may proceed immediately against any of the Guarantors without
being required to bring any proceeding or take any action against MHCC or any other Person prior thereto; the liability of each
Guarantor hereunder being independent of and separate from the liability of MHCC, any other Person, and the availability of other
collateral security for the Note and the other Transaction Documents.

 

    	 

    	 

    

 

		2.	DEFINITIONS.

 

All capitalized terms
used in this Guaranty that are defined in the Purchase Agreement shall have the meanings assigned to them in the Purchase Agreement,
unless the context of this Guaranty requires otherwise. In addition to the capitalized terms defined in the Purchase Agreement,
unless the context otherwise require s, when used herein, the following capitalized terms shall have the following meanings (provided
that if a capitalized term used herein is defined in the Purchase Agreement and separately defined in this Guaranty, the meaning
of such te1m as defined in this Guaranty shall control for purposes of this Guaranty):

 

2.1.       .          "Liabilities"
means, collectively: (i) the repayment of all sums due under the Note (and all extensions, renewal s, replacement s,
future advances and amendments thereof) and the other Transaction Document s; and (ii) the performance and observance of all terms,
conditions, covenants, representations and warranties set forth in all of the Transaction Documents.

 

3.          REPRESENTATION AND WARRANTIES . Each Guarantor
represents and warrants to TCA as follows:

 

3.1.       .          Organization, Powers. Guarantor: (i) is a corporation or limited liability company
, as applicable, duly organized, validly existing and in good standing under the Laws of its state of incorporation or organization;
(ii) has the power and authority to own its prope1ties and Assets and to carry on its business as now being conducted and as now
contemplated; and (iii) has the power and authority to execute, deliver and perform (and the officer, manager or member, as applicable,
executing this Guaranty on behalf of Guarantor has been duly authorized to so act and execute this Guaranty on behalf of the Guarantor),
and by all necessary action has authorized the execution, deli very and performance of, all of its obligations under this Guaranty
and any other Transaction Documents to which it is a party.

 

3.2.       Execution
of Guaranty. This Guaranty, and each other Transaction Document to which Guarantor is a party , have been duly executed
and delivered by Guarantor. Execution , delive1y and perfo1mance of this Guaranty and each other Transaction Document to which
Guarantor is a party will not: (i) violate any provision of any Law, any Judgment, or any provision of any Contract or other instrument
to which Guarantor is a party or by which Guarantor or any of its prope1ties or Assets are bound ; (ii) result in the creation
or imposition of any Encumbrance of any nature on any Assets of Guarantor, other than the liens created by the Transaction Documents
; and (iii) require any Consent from, exemption of, or filing or registration with, any Governmental Authority or any other Person.

 

3.3.       Obligations of Guarantor. This Guaranty and each other Transaction Document
to which Guarantor is a party are the legal, valid and binding obligations of Guarantor, enforceable against Guarantor in accordance
with their terms, except as the same may be limited by bankruptcy, insolvency, reorganization or other laws or equitable principles
relating to or affecting the enforcement of creditors' rights generally. The purchase of the Note by TCA and the assumption by
Guarantor of its obligations hereunder and under any other Transact ion Document to which Guarantor is a party will result in material
benefits to Guarantor. This Guaranty was entered into by Guarantor for commercial purposes.

 

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3.4.       Litigation.    There
is no Proceeding at law or in equity or by or before any Governmental Authority now pending or, to the knowledge of Guarantor,
threatened, against or affecting Guarantor or any of its properties, assets or rights which, if adversely determined, would materially
impair or affect: (i) the value of any collateral securing the Liabilities; (ii) Guarantor 's right to carry on its business substantially
as now conducted (and as now contemplated); (iii) Guarantor 's financial condition; (iv) Guarantor's capacity to consummate and
perform its obligations under this Guaranty or any other Transaction Document to which Guarantor is a party; or (v) or otherwise
cause a Material Adverse Effect.

 

3.5.       No
Defaults. Guarantor is not in default beyond the expiration of any applicable grace or cure periods, in the
performance, observance or fulfillment of any of the obligations, covenants or conditions contained herein or in any Contract
or other instrument to which Guarantor is a party or by which Guarantor or any of its prope1ties or Assets are bound .

 

3.6.       No
Untrue Statements.    To the knowledge of Guarantor, no Transaction Document or other document , ce1tificate or
statement furnished to TCA by or on behalf of MHCC or Guarantor contains any untrue statement of a material fact or omits to state
a material fact necessary in order to make the statements contained herein and therein not misleading. Guarantor acknowledges that
all such statements, representations and warranties shall be deemed to have been relied upon by TCA as an inducement to purchase
the Note.

 

		4.	NO LI MITATION OF LIABILITY .

 

4.1.       Each
Guarantor acknowledges that the obligations undertaken herein involve the guaranty of obligations of a Person other than Guarantor
and, in full recognition of that fact, each Guarantor consents and agrees that TCA may, at any time and from time to time, without
notice or demand, and without affecting the enforceability or continuing effectiveness of this Guaranty: (i) change the manner
, place or terms of payment of (including, without limitation , any increase or decrease in the principal amount of the Liabilities
or the interest rate), and/or change or extend the time for payment of, or renew, supplement or modify , any of the Liabilities,
any security therefor , or any of the Transaction Documents evidencing same, and the Guaranty herein made shall apply to the Liabilities
and the Transaction Documents as so changed , extended, renewed, supplemented or modified ; (ii) sell , exchange, release, surrender
, realize upon or otherwise deal with in any manner and in any order , any prope1ty securing the Liabilities; (iii) supplement,
modify, amend or waive, or enter into or give any agreement, approval, waiver or consent with respect to, any of the Liabilities,
or any part thereof, or any of the Transaction Documents , or any additional security or guaranties, or any condition, covenant,
default, remedy, right, representation or te1m thereof or thereunder ; (iv) exercise or refrain from exercising any rights against
MHCC or other Persons (including any Guarantor) or against any security for the Liabilities; (v) accept new or additional instrument
s, documents or agreements in exchange for or relative to any of the Transaction Documents or the Liabilities, or any pa 1t thereof;
(vi) accept partial payments on the Liabilities; (vii) receive and hold additional security or guaranties for the Liabilities,
or any part thereof; (viii) release, reconvey, terminate, waive, abandon, fail to perfect, subordinate, exchange, substitute, transfer
and/or enforce any security or guaranties, and apply any security and direct the order or manner of sale thereof as TCA, in its
sole and absolute discretion, may determine; (ix) add, release, settle, modify or discharge the obligation of any maker, endorser,
guarantor, surety, obligor or any other Person who is in any way obligated for any of the Liabilities, or any part thereof; (x)
settle or compromise any Liabilities, whether in a Proceeding or not, and whether voluntarily or involuntarily, dispose of any
security therefor (with or without consideration and in whatever manner TCA deems appropriate), and subordinate the payment of
any of the Liabilities, whether or not due, to the payment of liabilities owing to creditors of MHCC other than TCA and any Guarantor;
(x i) consent to the merger, change or any other restructuring or termination of the corporate existence of MHCC or any other Person,
and correspondingly restructure the Liabilities, and any such merger, change, restructuring or termination shall not affect the
liability of any Guarantor or the continuing effectiveness hereof, or the enforceability hereof with respect to all or any part
of the Liabilities; (xii) apply any sums it receives, by whomever paid or however realized, to any of the Liabilities and/or (x
iii) take any other action which might constitute a defense available to, or a discharge of, MH CC or any other Person (including
any Guarantor) in respect of the Liabilities.

 

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4.2.       The invalidity,
irregularity or unenforceability of all or any part of the Liabilities or any Transaction Document, or the impairment or loss of
any security therefor, whether caused by any action or inaction of TCA, or otherwise, shall not affect, impair or be a defense
to any Guarantor's obligations under this Guaranty.

 

4.3.       Upon the occurrence
and during the continuance of any Event of Default, TCA may enforce this Guaranty independently of any other remedy , guaranty
or security TCA at any time may have or hold in connection with the Liabilities, and it shall not be necessary for TCA to marshal
assets in favor of MHCC, any other guarantor of the Liabilities or any other Person or to proceed upon or against and/or exhaust
any security or remedy before proceeding to en force this Guaranty. Each Guarantor expressly waives any right to require TCA to
marshal assets in favor of MHCC or any other Person, or to proceed against MHCC or any other guarantor of the Liabilities or any
collateral provided by any Person , and agrees that TCA may proceed against any obligor (including any Guarantor) and/or the collateral
in such order as TCA shall determine in its sole and absolute discretion. TCA may file a separate action or act ions against Guarantors,
or any one or more of them, whether action is brought or prosecuted with respect to any security or against any other Person, or
whether any other Person is joined in any such action or actions. Each Guarantor agrees that TCA and MHCC may deal with each other
in connection with the Liabilities or otherwise, or alter any contracts or agreements now or hereafter existing between them, in
any manner whatsoever, all without in any way altering or affecting the security of this Guaranty .

 

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4.4.       Each
Guarantor expressly waives, to the fullest extent permitted by applicable law, any and all defenses which such
Guarantor shall or may have as of the date hereof arising or asserted by reason of: (i) any disability or other defense of
MHCC , or any other guarantor for the Liabilities, with respect to the Liabilities; (ii) the unenforceability or invalidity
of any security for or guaranty of the Liabilities or the lack of perfection or continuing perfection or failure of priority
of any security for the Liabilities; (iii) the cessation for any cause whatsoever of the liability of MHCC, or any other
guarantor of the Liabilities (other than by reason of the full payment and performance of all Liabilities (other than
contingent indemnification obligations)); (iv) any failure of TCA to marshal assets in favor of MHCC or any other Person; (v)
any failure of TCA to give notice of sale or other disposition of collateral to MHCC or any other Person or any defect in
any notice that may be given in connection with any sale or disposition of collateral; (vi) any failure of TCA to comply
with applicable laws in connect ion with the sale or other disposition of any collateral or other security for any
Liabilities, including, without limitation, any failure of TCA to conduct a commercially reasonable sale or other disposition
of any collateral or other security for any Liabilities; (vii) any act or omission of TCA or others that directly or
indirectly results in or aids the discharge or release of MHCC or any other guarantor of the Liabilities, or of any security
or guaranty therefor by operation of law or othe1wise; (vii i) any law which provides that the obligation of a surety or
guarantor must neither be larger in amount or in other respects more burdensome than that of the principal or which reduces a
surety's or guarantor 's obligation in proportion to the principal obligation; (ix) any failure of TCA to file or enforce a
claim in any bankruptcy or other proceeding with respect to any Person ; (x) the election by TCA, in any bankruptcy
proceeding of any Person, of the application or non-application of Section 1 1 1 1(b)(2)
of the United States Bankruptcy Code; (xi) any extension of credit or the grant of any lien under Section 364 of the United
States Bankruptcy Code; (xii) any use of collateral under Section 363 of the United States Bankruptcy Code; (x iii) any
agreement or stipulation with respect to the provision of adequate protection in any bankruptcy proceeding of any Person ;
(xiv) the avoidance of any lien or security interest in favor of TCA for any reason ; (xv) any bankruptcy, insolvency,
reorganization, arrangement, readjustment of debt, liquidation or dissolution proceeding commenced by or against any Person ,
including without limitation any discharge of, or bar or stay against collecting, all or any of the Liabilities (or any
interest thereon) in or as a result of any such proceeding ; or (xvi) any action taken by TCA that is authorized by this
Section or any other provision of any Transact ion Document. Each Guarantor expressly waives all setoffs and counterclaims
and all presentments, demands for payment or performance, notices of nonpayment or nonperformance , protests, notices of
protest, notices of dishonor and all other notices or demands of any kind or nature whatsoever with respect to the
Liabilities, and all notices of acceptance of this Guaranty or of the existence, creation or incurrence of new or additional
Liabilities.

 

4.5.       This is a
continuing guaranty and shall remain in full force and effect as to all of the Liabilities until such date as all amounts owing
by MH CC to TCA shall have been indefeasibly paid in full in cash and all commitments of TCA to purchase any securities under the
Purchase Agreement or to othe1wise advance any funds to MHCC have terminated or expired and all obligations of MHCC with respect
to any of the Liabilities shall have terminated or expired (such date is referred to herein as the "Termination Date").

 

5.          LIMITATION
ON SUBROGATION . Until the Termination Date, each Guarantor waives any present or future right to which Guarantor is or
may become entitled to be subrogated to TCA 's rights against MHCC or to seek contribution, reimbursement, indemnification , payment
or the like, or participation in any claim, right or remedy of TCA against MHCC or any security which TCA now has or hereafter
acquires, whether or not such claim, right or remedy a1ises under contract, in equity, by statute, under common law or otherwise.
If, notwithstanding such waiver, any funds or property shall be paid or transferred to any Guarantor on account of such subrogation,
contribution, reimbursement, or indemnification at any time when all of the Liabilities have not been paid in full, each Guarantor
shall hold such funds or property in trust for TCA and shall forthwith pay over to TCA such funds and/or property to be applied
by TCA to the Liabilities.

 

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		6.	COVENANTS.

 

6.1.       Financial
Statements; Compliance Certificate. No later than ten ( 10) days after written request therefore from TCA, each
Guarantor shall deliver to TCA: (a) financial statements disclosing all of Guarantor 's Assets, liabilities, net worth, income
and contingent liabilities, all in reasonable detail and in form acceptable to TCA, signed by Guarantor , and certified by Guarantor
to TCA to be true, collect and complete; (b) complete copies of federal tax return s, including all schedules, each of which shall
be signed and certified by Guarantor to be true and complete copies of such return s; and (c) such other information respecting
the Guarantor as TCA may from time to time reasonably request.

 

6.2.       Subordination
of Other Debts.Each Guarantor hereby : (a) subordinates the obligations now or hereafter owed by MHCC to Guarantor
("Subordinated Debt") to any and all obligations of MHCC to TCA now
or hereafter existing while this Guaranty is in effect, and hereby agrees that Guarantor will not request or accept payment of
or any security for any pa11of the Subordinated Debt , and any proceeds of the Subordinated Debt paid to Guarantor , through error
or otherwise, shall immediately be forwarded to TCA by Guarantor, properly endorsed to the order of TCA, to apply to the Liabilities.

 

6.3.       Securitv
for Guarantv. All obligations and liability of each Guarantor evidenced by this Guaranty is also secured by all of the
Assets and prope11y of each Guarantor pursuant to that ce11ain Security Agreement by and between each of the Guarantors and TCA
made of even date herewith (the "Securitv Agreement"). All of the agreements,
conditions, covenants, provisions, representations, warranties and stipulations contained in the Security Agreement or any other
Transaction Documents to which any Guarantor is a party which are to be kept and performed by any Guarantor are hereby made a part
of this Guaranty to the same extent and with the same force and effect as if they were fully set fo11h herein , and each Guarantor
covenants and agrees to keep and perform them , or cause them to be kept or performed, strictly in accordance with their terms.

 

		7.	EVENTS OF DEFAULT.

 

Each of the following shall constitute
a default (each, an "Ev ent of Default") hereunder:

 

7.1.       Non-payment
when due, and after all applicable grace periods, of any sum required to be paid to TCA under any of the Transaction Documents
or of any of the other Liabilities;

 

7.2.       A breach
by any Guarantor of any other term , covenant, condition, obligation or agreement under this Guaranty;

 

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7.3.       Any representation
or warranty made by any Guarantor in this Guaranty or under the Purchase Agreement or any other Transaction Documents shall prove
to be false, incorrect or misleading in any material respect as of the date when made;

 

7.4.       A default
by MHCC or any Guarantor , after all applicable grace or notice period s, under any of the Transaction Documents; or

 

7.5.       The occurrence
of any of the following events: (i) any Guarantor makes an assignment for the benefit of creditors; (ii) any order or decree is
rendered by a court which appoints or requires the appointment of a receiver , liquidator or trustee for any Guarantor, and the
order or decree is not vacated within thirty (30) days from the date of entry thereof; (iii) any order or decree is rendered by
a cou11adjudicating any Guarantor insolvent, and the order or decree is not vacated within thirty (30) days from the date of entry
thereof; (iv) any Guarantor files a petition in bankruptcy under the provisions of any bankruptcy law or any insolvency act; (v)
any Guarantor admits, in writing, its inability to pay its debts as they become due; (vi) a proceeding or petition in bankruptcy
is filed against any Guarantor and such proceeding or petition is not dismissed within thirty (30) days from the date it is filed;
or (vii) any Guarantor files a petition or answer seeking reorganization or ainngement under the bankrupt cy laws or any law or
statute of the United States or any state.

 

		8.	REMEDIES.

 

8.1.       Upon an Event
of Default , all liabilities and obligations of Guarantors, and each one of them, hereunder shall become immediately due and payable
without demand or notice and, in addition to any other remedies provided by law or in equity, TCA may:

 

8.1.1.   Enforce
the obligations of Guarantors, and each one of them, under this Guaranty.

 

8.1.2.   To the extent
not prohibited by and in addition to any other remedy provided by law or equity, setoff against any of the Liabilities any sum
owed by TCA in any capacity to any Guarantor whether due or not.

 

8.1.3.   Perform
any covenant or agreement of any Guarantor in default hereunder (but without obligation to do so) and in that regard pay such money
as may be required or as TCA may reasonably deem expedient. Any costs, expenses or fees, including reasonable attorneys ' fees
and costs, incurred by TCA in connection with the foregoing shall be included in the Liabilities guaranteed hereby, and shall be
due and payable on demand , together with interest at the highest non-usurious rate permitted by applicable law, such interest
to be calculated from the date of such advance to the date of repayment thereof. Any such action by TCA shall not be deemed to
be a waiver or release of any Guarantor hereunder and shall be without prejudice to any other right or remedy of TCA.

 

8.2.       Settlement of
any claim by TCA against MHCC, whether in any Proceeding or not, and whether voluntary or involuntary, shall not reduce the amount
due under the terms of this Guaranty , except to the extent of the amount actually paid by MHCC or any other obligated Person and
legally retained by TCA in connection with the settlement (unless otherwise provided for herein).

 

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		9.	MISCELLANEOUS.

 

9.1.       .          Disclosure
of Financial Information . TCA is hereby authorized to disclose any financial or other information about any Guarantor
to any Governmental Authority having jurisdiction over TCA or to any present, future or prospective participant or successor in
interest in the Note . The information provided may include, without limitation, amounts, terms, balances, payment history, return
item history and any financial or other information about Guarantor.

 

9.2.       Remedies
Cumulative. The rights and remedies of TCA, as provided herein and in any other Transaction Document , shall be
cumulative and concurrent, may be pursued separately, successively or together, may be exercised as often as occasion therefor
shall arise, and shall be in addition to any other rights or remedies conferred upon TCA at law or in equity. The failure, at any
one or more times, of TCA to exercise any such right or remedy shall in no event be construed as a waiver or release thereof. TCA
shall have the right to take any action it deems appropriate without the necessity of resorting to any collateral securing this
Guaranty.

 

9.3.       Integration
.. This Guaranty and the other Transaction Documents constitute the sole agreement of the parties with respect to the
transaction contemplated hereby and thereby and supersede all oral negotiations and prior writings with respect thereto.

 

9.4.       Attorneys'
Fees and Expenses . If TCA retains the services of counsel by reason of a claim of an Event of Default hereunder
or under any of the other Transaction Documents, or on account of any matter involving this Guaranty, or for examination of matters
subject to TCA 's approval under the Transaction Document s, all costs of suit and all reasonable attorneys' fees and such other
reasonable expenses so incurred by TCA shall forthwith, on demand , become due and payable and shall be secured hereby.

 

9.5.       No
Implied Waiver. TCA shall not be deemed to have modified or waived any of its rights or remedies hereunder unless such
modification or waiver is in writing and signed by TCA, and then only to the extent specifically set forth therein. A waiver in
one event shall not be construed as continuing or as a waiver of or bar to such right or remedy on a subsequent event.

 

9.6.       Waiver.
Except as otherwise provided herein or in any of the Transaction Documents, each Guarantor waives notice of acceptance
of this Guaranty and notice of the Liabilities and waives notice of default, non-payment, partial payment, presentment, demand
, protest, notice of protest or dishonor, and all other notices to which each Guarantor might otherwise be entitled or which might
be required by law to be given by TCA . Each Guarantor waives the right to any stay of execution and the benefit of all exemption
laws, to the extent permitted by law, and any other protection granted by law to guarantors, now or hereafter in effect with respect
to any action or proceeding brought by TCA against it. Each Guarantor irrevocably waives all claims of waiver, release, surrender
, alteration or compromise and the right to assert against TCA any defenses, set-offs, counterclaims, or claims that any Guarantor
may have at any time against MHCC or any other party liable to TCA.

 

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9.7.       No
Third Party Beneficiary . Except as otherwise provided herein, Guarantors and TCA do not intend the benefits of
this Guaranty to inure to any third party and no third party (including MHCC) shall have any status, right or entitlement under
this Guaranty.

 

9.8.       Partial
lnvalidity. The invalidity or unenforceability of any one or more provisions of this Guaranty shall not render any
other provision invalid or unenforceable . In lieu of any invalid or unenforceable provision, there shall be added automatically
a valid and enforceable provision as similar in terms to such invalid or unenforceable provision as may be possible.

 

9.9.       Binding
Effect.The covenants, conditions, waivers, releases and agreements contained in this Guaranty shall bind , and
the benefits thereof shall inure to, the parties hereto and their respective heirs, executors, administrators, successors and permitted
assigns; provid ed, however, that this Guaranty cannot be assigned by Guarantors, or any one of them, without the prior written
consent of TCA, and any such assignment or attempted assignment by any Guarantor shall be void and of no effect with respect to
the TCA.

 

9.10.     Modifications.
This Guaranty may not be supplemented, extended, modified or tem1inated except by an agreement in writing signed
by the party against whom enforcement of any waiver, change, modification or discharge is sought.

 

9.11.     Sales
or Participations . TCA may from time to time sell or assign the Note, in whole or in part, or grant participations
in the Note and/or the obligations evidenced thereby without the consent of MHCC or any Guarantor, provided, however, TCA shall
provide written notice to MH CC and Guarantors of any such assignment or grant of participations. The holder of any such sale,
assignment or participation, if the applicable agreement between TCA and such holder so provides, shall be: (a) entitled to all
of the rights, obligations and benefits of TCA (to the extent of such holder's interest or participation); and (b) deemed to hold
and may exercise the rights of setoff or banker 's lien with respect to any and all obligations of such holder to Guarantors (to
the extent of such holder's interest or participation), in each case as fully as though Guarantors were directly indebted to such
holder. TCA may in its discretion give notice to Guarantors of such sale, assignment or participation; however, the failure to
give such notice shall not affect any of TCA 's or such holder 's rights hereunder.

 

9.12.    Jurisdiction .Each Guarantor hereby consents that any action
or proceeding against him be commenced and maintained in Clark County, State of Nevada by service of process on them ; and each
Guarantor agrees that the courts of such County shall have jurisdiction with respect to the subject matter hereof and the person
of each Guarantor and all collateral securing the obligations of each Guarantor , provided, however, that nothing herein shall
prevent TCA from bringing suit or taking legal action in any other jurisdiction. Each Guarantor agrees not to assert any defense
to any action or proceeding initiated by TCA based upon improper venue or inconvenient forum .

 

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9.13.     Notices . All notices
of request, demand and other communications hereunder shall be addressed to the parties as follows:

 

	If tothe Guarantors:	c/o Millennium Healthcare Inc.
	 	400 Garden City Plaza, Suite 440
	 	Attn: Mr. Dominick Sartorio, CEO) Telephone: 51
	 	Garden City, NY 11530
	 	Attn: Mr. Dominick Sartorio
	 	CEO
	 	Phone: (516) 628-5500
	 	Fax: (516) 628-5400
	 	Email: Dominick@millenniumhcs.com

 

	With a copy to:	Seth Brookman , Esq.
	(which shall not constitute notice)	Lucosky Brookman, LLP
	 	33 Wood Avenue South , 6th Floor
	 	Iselin, New Jersey 08830
	 	Phone: (732) 395-4400
	 	Fax: (732) 395-440 I
	 	Email: sbrookman @lucbro.com
	 	 
	If to TCA:	TCA Global Cred it Master Fund , LP
	 	1404 Rodm an Street
	 	Hollywood , FL 33020
	 	Attn: Mr. Robert Press
	 	Telephone: (786) 323-1650
	 	Facsim ile: (786) 323-1651
	 	E-Mail : bpress@trafcap.com
	 	 
	With a copy to:	David Kahan, P.A.
	 	6420 Congress Ave., Suite 1800
	 	Boca Raton , FL 33487
	 	At tn: David Kahan , Esq .
	 	Telephone: (56 1) 672-8330
	 	Facsimile: (56 1) 672-830 I
	 	E-Mai l: david@dkpalaw.com

 

unless the address
is changed by the party by like notice given to the other patties. Notice shall be in writing and shall be deemed delivered: (i)
if mailed by ce1tified mail , return receipt requested, postage prepaid and properly addressed to the address below, then three
(3) business days after deposit of same in a regularly maintained U.S. Mail receptacle; or (ii) if mailed by Federal Express, UPS
or other nationally recognized overnight courier service, next business morning delivery, then one (I)
business day after deposit of same in a regularly maintained receptacle of such overnight courier ; or (iii) if hand delivered,
then upon hand deli very thereof to the address indicated on or prior to 5:00 p.m. , EST, on a business day. Any notice hand delivered
after 5:00 p.m ., EST, shall be deemed delivered on the following business day. Notwithstanding the foregoing, notice, consents,
waivers or other communications referred to in this Guaranty may be sent by facsimile, e-mail, or other method of deli very, but
shall be deemed to have been delivered only when the sending party has confirmed (by reply e-mail or some other form of written
confirmation from the receiving party) that the notice has been received by the other party.

 

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9.14.     Governing
Law.   This Guaranty shall be governed by and construed in accordance with the substantive laws of the State of Nevada
without reference to conflict of laws principles.

 

9.15.     Joint
and Several Liability. The word "Guarantor" or "Guarantors"
shall mean all of the undersigned persons, if more than one, and their liability shall be joint and several. The liability of
Guarantors shall also be joint and several with the liability of any other guarantor under any other guaranty .

 

9.16.     Continuing
Enforcement. If, after receipt of any payment of all or any part of the Liabilities, TCA is compelled or reasonably agrees,
for settlement purposes , to surrender such payment to any person or entity for any reason (including, without limitation , a determination
that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff, or a diversion of trust
funds), then this Guaranty shall continue in full force and effect or be reinstated , as the case may be, and each Guarantor shall
be liable for, and shall indemnify, defend and hold harmless TCA with respect to the full amount so surrendered. The provisions
of this Section shall survive the termination of this Guaranty and shall remain effective notwithstanding the payment of the Liabilities,
the cancellation or redemption of the Note, this Guaranty or any other Transaction Document, the release of any security interest,
lien or Encumbrance securing the Liabilities or any other action which TCA may have taken in reliance upon its receipt of such
payment. Any cancellation, release or other such action shall be deemed to have been conditioned upon any payment of the Liabilities
having become final and irrevocable.

 

9.17.     WAIVER
OF JURY TRIAL . EACH GUARANTOR AGREES
THAT, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ANY SUIT, ACT ION OR PROCEEDING, WHETHER CLAIM OR COU NTERCLAI M, BROUGHT BY TCA
OR ANY GUARANTOR ON OR WITH RESPECT TO THIS GUARANTY OR ANY OTH ER TRANSACTION DOCU MENT OR THE DEALINGS OF THE PARTIES WITH RESPECT
HERETO OR THERETO, SHALL BE TRIED ONLY BY A COURT AND NOT BY A J URY. TCA AND EACH GUARANTOR HEREBY KNOWI NGLY, VOLU NTARILY, INTENTIONALLY
AND INTELLIGENTLY, AND WITH THE ADVICE OF THEIR RESPECTIVE COUNSEL, WAIVES, TO THE EXTENT PERMITT ED BY APPLICABLE LAW, ANY RIGHT
TO A TRIAL BY JURY IN ANY SUCH SUIT, ACTION OR PROCEEDING. FURTHER, EACH GUARANTOR WAIVES ANY RIGHT THEY MAY HAVE TO CLAIM OR RECOVER,
IN ANY SUCH SUIT, ACTION OR PROCEEDING, ANY SPECIAL, EXEMPLARY , PUNITIVE, CONSEQU ENTIAL OR OTHER DAMAGES OTHER THA N, OR IN ADDITION
TO, ACTUAL DAMAGES. EACH GUARANTOR ACKNOWLEDGES AND AGREES THAT THIS SECTION IS A SPECIFIC AND MATERIAL ASPECT OF THIS GUARANTY
AND THAT TCA WOULD NOT PURCHASE THE NOTE IF THE WAIVERS SET FORTH IN THIS SECTION WERE NOT A PART OF THJS GUARANTY.

 

[Signatures on the following page]

 

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IN
WITNESS WHEREOF , each Guarantor, intending to be legally bound , has duly executed and delivered this Guaranty Agreement
as of the day and year first above written.

 

	MILLENNIUM PROCOMM SOLUTIONS, INC.	 	MILLENNIUM CODING & BILLING, INC.
	 	 	 	 	 
	By:	/s/ Dominick Sartorio	 	By:	/s/ Dominick Sartorio
	Name:	DOMINICK SARTORIO	 	Name:	DOMINICK SARTORIO
	Title:	CEO	 	Title:	CEO
	 	 	 	 	 
	Date:	9/20/12	 	Date:	 

 

	MILLENNIUM MEDICAL DEVICES, LLC	 	MILLENNIUM VASCULAR
	 	 	 	MANAGEMENT GROUP, INC.
	 	 	 	 
	By:	/s/ Dominick Sartorio	 	 
	Name:	DOMINICK SARTORIO	 	 
	Title:	CEO	 	 
	 	 	 	 
	Date:	9/20/12	 	 

 

    	12VALIDITY GUARANTY

 

This Validity Guaranty,
dated effective as of September 20th, 2012 (the "Validity Guaranty"), is made by Dominick Sartorio, an
individual (the "Undersigned "), for the benefit of TCA Global Credit Master Fund, LP (the "Lender").

 

RECITALS

 

A.    Pursuant to a Securities Purchase Agreement dated of even date herewith between Millennium Healthcare, Inc. (the "Borrower")
and the Lender (the "Purchase Agreement "), Borrower has agreed to issue to the Lender and the Lender
has agreed to purchase from Borrower a certain promissory note (the "Note"), as more specifically set forth
in the Purchase Agreement; and

 

B.         The
Undersigned is the President and CEO of the Borrower.

 

D.         As a condition
to entering into the Purchase Agreement and purchasing the Note from Borrower, Lender has required the execution and delivery of
this Validity Guaranty by the Undersigned.

 

NOW
THEREFORE, the Undersigned, in consideration of the premises and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, hereby agrees as follows:

 

1.         .         Definitions.  Capitalized
terms used in this Validity Guaranty shall have the meanings given to them in the Purchase Agreement, unless otherwise defined
herein.

 

2.          Guaranty. The
Undersigned does hereby absolutely and unconditionally, represent, warrant and guarantee to Lender, to the best of the
Undersigned 's knowledge and belief, as follows:

 

(a)         All reports,
schedules, certificates, and other information at any time and from time to time delivered or otherwise reported to Lender by Borrower,
including, without limitation, all due diligence info1mation, financial statements , tax returns, and all supporting information
or documentation delivered in connection therewith , shall be bona fide, complete, correct, and accurate in all material respects
and shall accurately and completely repo11 all matters purported to be covered or reported thereby.

 

(b)         All representation
s and warranties made by the Borrower in the Note, the Purchase Agreement, and any other Transaction Documents, are complete, co1Tect,
and accurate in all material respects and do not contain any untrue statement of a material fact or omitted to state a material
fact required to be stated therein or necessary in order to make the statements therein , in the light of the circumstances under
which they were made, not misleading.

 

3.         Consideration
for Guaranty. The Undersigned acknowledges and agrees with Lender that , but for the execution and delivery of this Validity
Guaranty by the Undersigned, Lender would not have entered into the Purchase Agreement or the Note.  The Undersigned
acknowledges and agrees that the loans and other extensions of credit made to Borrower by Lender under the Note and Purchase Agreement
will result in significant benefits to the Undersigned as a share holder of the public entity MHCC.

 

    	 

    	 

    

 

4.          Indemnification
.  The Undersigned hereby agrees and unde1takes to indemnify , defend, and save Lender free and harmless of and from
any damage, loss, and expense (including, without limitation , reasonable attorneys' fees and costs) which Lender may sustain or
incur, directly or indirectly, as a result of any breach, default or material inaccuracy of any of the representations, warranties,
covenants, and agreements contained herein . The Undersigned 's liability hereunder is direct and unconditional.

 

5.          Cumulative
Remedies. Lender's rights and remedies hereunder are cumulative of all other rights and remedies which Lender may now or hereafter
have with respect to the Undersigned , Borrowers, or any other Person.

 

6.          Borrower's
Financial Condition. The Undersigned acknowledges that he has reviewed and is familiar with the Note, the Purchase Agreement
and all other Transaction Documents and is familiar with the operations and financial condition of the Borrower, and agrees that
Lender shall not have any duty or obligation to communicate to the Undersigned any information regarding Borrower 's financial
condition or affairs.

 

7.          Assignability
.. This Validity Guaranty shall be binding upon the Undersigned and shall inure to the benefit of Lender and its successors or assigns.
Lender may at any time assign Lender 's rights in this Validity Guaranty.

 

8.          Continuing
Guaranty . This is a continuing guaranty and shall remain in full force and effect until such date as all amounts owing by Borrower
to Lender under the Note, the Purchase Agreement or any other Transaction Documents shall have been indefeasibly paid in full in
cash and there shall be no fu1ther commitments to advance any funds by Lender to the Borrower under the Purchase Agreement.

 

9.          Further Assurances.
The Undersigned agrees that he will cooperate with Lender at all times in connection with any actions taken by Lender pursuant
to the Note, the Purchase Agreement or any other Transaction Documents, to monitor, administer, enforce, or collect upon Lender's
rights and remedies thereunder. In the event Borrower should cease or discontinue operating as a going concern in the ordinary
course of business, then for so long as any obligations under the Note , the Purchase Agreement or any other Transaction Documents
remain outstanding , the Undersigned agrees that he shall assist Lender in connection with any such action, as Lender may request.

 

10.       Choice Of Law
and Venue Selection. All te1ms and provisions hereof and the rights and obligations of the Undersigned and Lender hereunder shall
be governed, construed and interpreted in accordance with the laws of the State of Nevada, without reference to conflict of laws
principles .  The Undersigned hereby irrevocably submits to the non-exclusive jurisdiction of the state and federal courts
located in Clark County, Nevada, and agrees and consents that service of process may be made upon the Undersigned in any legal
proceeding relating to this Validity Guaranty or any other relationship between Lender and the Undersigned. Any judicial proceeding
by the Undersigned against Lender involving, directly or indirectly, any matter in any way arising out of, related to, or connection
with this Validity Guaranty or Note, the Purchase Agreement or any other documents executed in connection
therewith shall be brought only in a state or federal court in Clark County, Nevada, having jurisdiction. The Undersigned hereby
waives and agrees not to assert, by way of motion , as a defense or otherwise, that any such proceeding is brought in an inconvenient
forum or that the venue thereof is improper. Nothing herein shall limit the right of Lender to bring proceedings against the Undersigned
in the cou11s of any other jurisdiction.

 

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11.       WAIVER
OF JURY TRIAL.  THE U NDERSIGNED AND LEN DER HEREBY VOLUNTARILY, KNOWINGLY, IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY
RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE (WHETHER BASED UPON CONTRACT, TORT OR OTHERWISE) BETWEEN THE U NDERSIGNED
AN D LEN DER OR AMONG BORROWER, THE U NDERSIG NED, AND LEN DER AND/OR LENDER' S A FFILIATES ARISING OUT OF OR IN ANY WAY RELATEO
TO THIS VALIDITY GU ARANTY, ANY OTHER DOCUMENT OR ANY RELATIONSHIP AMONG LENDER, THE UNDERSIGNED, BORROWER, AND/OR ANY AFFILIATE
OF LENDER. THIS PROVISION IS A MATERIAL IN DUCEMENT TO LENDER TO PROVIDE THE FI NANCI NG DESCRI BED I N THE CREDIT AGREEMENT.

 

12.       ADVICE
OF COUNSEL. THE UNDERSIGN ED ACKNOWLEDGE THAT EACH OF THEM HAS EITHER OBTAINED THE ADVICE OF COU NSEL OR HAS HAD THE OPPORTU NITY
TO OBTAIN SUCH ADVICE IN CONNECTION WITH TH E TERMS AND PROVISIONS OF THIS VALIDITY GUARA NTY.

 

13.       Electronic
Signatures. Lend er is hereby authorized to rely upon and accept as an original this Validity Guaranty which is sent to Lender
via facsimile, .pdf, or other electronic transmission.

 

14.       Termination
.       This Validity Guaranty shall terminate only as follows: (i) in accordance with Section 8 above; (ii) if and when the Undersigned
ceases to be an officer, d i rector, employee, consultant , agent or representative for the Borrower for a period of at least one
hundred eighty ( 1 80) consecutive days; or (iii) upon the Undersigned 's death.

 

[SIGNATURE PAGE TO FOLLOW]

 

    	3

    	 

    

 

The Undersigned has executed this Validity
Guaranty as of the date first above written.

 

	 	By:	/s/ Dominick Sartorio
	 	Name:  	Dominick Sartorio

 

Validity Guaranty Signature Page

 

    	4

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