Document:

AMENDED
      AND RESTATED

    GUARANTY

    

    GUARANTY
      dated as of July 29, 2008 ("Guaranty") made by Steven B. Rash, an individual
      residing at, 10 Spiceberry Place, The Woodlands, TX 77382 (“Guarantor”) in favor
      of Able Income Fund, LLC ("Lender").  

    

    WITNESSETH

    

    WHEREAS,
      Power 3 Medical Products, Inc., a New York corporation (the “Borrower”), and the
      Lender are parties to a Debentures, dated as of June 30, 2008 (such agreement,
      as amended, restated, supplemented or otherwise modified from time to time,
      being hereinafter referred to as the “Initial Debenture”);

    

    WHEREAS,
      Borrower and the Lender are parties to a new Debentures, dated as of July 25,
      2008 (such agreement, as amended, restated, supplemented or otherwise modified
      from time to time, being hereinafter referred to as the “New Debentures” and
      together with the Initial Debentures, the “Debentures”) 

    

    WHEREAS,
      pursuant to the Debentures, the Guarantor is required to execute and deliver
      to
      the Lender a guaranty guaranteeing the Debentures and all other obligations
      under the Debentures and the other Loan Documents; and

    

    WHEREAS,
      the Guarantor has determined that (i) it will derive substantial benefit and
      advantage from the loan and other financial accommodations made available to
      the
      Borrower under the Debentures and the other Loan Documents and (ii) its
      execution, delivery and performance of this Guaranty directly benefit, and
      are
      within the best interests of, the Guarantor;

    

    NOW,
      THEREFORE, in consideration of $1,000, paid by the Borrower to the Guarantor,
      receipt of which is hereby acknowledged, the premises, the agreements herein
      and
      in order to induce the Lender to make and maintain the Loan pursuant to the
      Debentures, the Guarantor hereby agrees with the Lender, as
      follows:

    

    Section
      1. Definitions.
      Reference is hereby made to the Debentures for a statement of the terms thereof.
      All terms used in this Guaranty which are defined in the Debentures and not
      otherwise defined herein shall have the same meanings herein as set forth
      therein. As used in this Guaranty, the following terms have the following
      meanings (terms defined in the singular to have the same meaning when used
      in
      the plural and vice versa):

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    “Borrower”
      has the meaning specified in the preamble above.

    

    “Guaranty”
      means this Guaranty.

    

    “Guaranty
      Documents” means the Loan Documents and any document or agreement evidencing,
      related to or delivered in connection with any or all of the Guaranteed
      Obligations.

    

    “Guaranteed
      Obligations” means any and all present and future liabilities and obligations of
      Borrower and Grantor to Lender incurred by Borrower and Grantor under the Loan
      Documents, and whether due or to become due, secured or unsecured, absolute
      or
      contingent, joint or several, direct or indirect, acquired outright,
      conditionally or as collateral security by Lender from another, liquidated
      or
      unliquidated, arising by operation of law or otherwise, together with all fees
      and expenses incurred in collecting any or all of the items specified in this
      definition or enforcing any rights under any of the Guaranty Documents,
      including all fees and expenses of Lender’s counsel and of any experts and
      agents which may be paid or incurred by Lender in collecting any such items
      or
      enforcing any such rights.

    

    Section
      2. Rules
      of Interpretation.
      When
      used in this Guaranty: (1) “or” is not exclusive, (2) a reference to a law
      includes any amendment or modification to such law, and (3) a reference to
      an
      agreement, instrument or document includes any amendment or modification of
      such
      agreement, instrument or document.

    

    Section
      3. Guaranty.
      Guarantor hereby guarantees to Lender and its successors, endorsees, transferees
      and assigns the prompt and complete payment, as and when due and payable
      (whether at stated maturity or by required prepayment, acceleration, demand
      or
      otherwise), of all of the Guaranteed Obligations now existing or hereafter
      incurred will be paid strictly in accordance with their terms.

    

    Section
      4. Limitation
      of Liability.
      The
      obligation of Guarantor under this Guaranty shall be limited to an aggregate
      amount equal to the largest amount that would not render the obligation of
      Guarantor under this Guaranty subject to avoidance under Section 548 of the
      United States Bankruptcy Code or any comparable provision of any applicable
      state law.

    

    Section
      5. Type
      of Guaranty.
      This
      Guaranty is absolute and unconditional and as such is not subject to any
      conditions and Guarantor is fully liable to perform all of its duties and
      obligations under this Guaranty as of the date of execution of this Guaranty.
      This Guaranty is a continuing guaranty and applies to all future Guaranteed
      Obligations. In addition, this Guaranty shall remain in full force and effect
      even if at any time there are no outstanding Guaranteed Obligations. This
      Guaranty is a guaranty of payment and not of collection. The obligations and
      liabilities of Guarantor under this Guaranty shall not be conditioned or
      contingent upon the pursuit by Lender of any right or remedy against Borrower,
      Grantor or any other person which may be or become liable in respect of all
      or
      any part of the Guaranteed Obligations, or against any assets securing the
      payment of the Guaranteed Obligations or guarantee for such Guaranteed
      Obligations or right of setoff with respect to such Guaranteed Obligations.
      This
      Guaranty is irrevocable and as such cannot be cancelled, terminated or revoked
      by Guarantor.

     

    
      
         

      

      
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    Section
      6. Reinstatement
      of Guaranty.
      This
      Guaranty shall continue to be effective or shall be reinstated, as the case
      may
      be, if at any time any payment, or any part thereof, of any of the Guaranteed
      Obligations are rescinded or must otherwise be returned by Lender upon the
      insolvency, bankruptcy, dissolution, liquidation or reorganization of Borrower,
      Grantor or otherwise, all as though such payment had not been made.

    

    Guarantor
      hereby consents that, without the necessity of any reservation of rights against
      Guarantor and without notice to or further assent by Guarantor, any demand
      for
      payment of any of the Guaranteed Obligations made by Lender may be rescinded
      by
      Lender and any of such Guaranteed Obligations continued after such
      rescission.

    

    Section
      7. Security
      Interest.
      To
      secure the payment of the obligations of Guarantor under this Guaranty,
      Guarantor has executed a Pledge Agreement in favor of, and grants Lender a
      pledge and security interest in the Pledged Shares listed in Schedule 1 to
      the
      Pledge Agreement.

    

    Section
      8. Waiver
      of Notices.
      Guarantor hereby waives any and all notices including (1) notice of or proof
      of
      reliance by Lender upon this Guaranty or acceptance of this Guaranty, (2) notice
      of the incurrence of any Guaranteed Obligations or the renewal, extension or
      accrual of any such Guaranteed Obligations, (3) notice of any actions taken
      by
      Lender, Borrower, Grantor or any other person under any Guaranty Document,
      and
      (4) notices of nonpayment or nonperformance, protest, notices of protest and
      notices of dishonor.

    

    Section
      9. Waiver
      of Defenses.
      Guarantor hereby waives any and all defenses to the performance by Guarantor
      of
      its duties and obligations under this Guaranty, including any defense based
      on
      any of the following:

    

    (1) any
      failure of Lender to disclose to Guarantor any information relating to the
      business, condition (financial or otherwise), operations, performance,
      properties or prospects of any party obligated to make payment on any and all
      Guaranteed Obligations, whether as principal or guarantor, now or hereafter
      known to Lender,

    

    (2) any
      defense to the payment of any or all the Guaranteed Obligations, including
      lack
      of validity or enforceability of any of the Guaranteed Obligations or any
      Guaranty Documents, 

     

    
      
         

      

      
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    (3) any
      change in the time, manner or place of payment of, or in any other term in
      respect of, all or any of the Guaranteed Obligations, or any other amendment
      or
      waiver of or consent to any departure from any Guaranty Document,

    

    (4) any
      exchange or release of, or non-perfection of any security interest on or in
      any
      assets securing the payment of the Guaranteed Obligations, 

     

    (5) any
      failure to execute any other guaranty for all or any part of the Guaranteed
      Obligations, or any release or amendment or waiver of, or consent to any
      departure from, any other guaranty for any or all of the Guaranteed Obligations,
      

     

    
      
        (6)
          any subordination of any or all of the Guaranteed Obligations,

      

    

    

    (7) 
      any act
      or omission of Lender in connection with the enforcement of, or the exercise
      of
      rights and remedies, including any election of, or the order of exercising
      any,
      remedies, with respect to (a) the Guaranteed Obligations, (b) any other
      guarantor of the Guaranteed Obligations, or (c) any assets securing the payment
      of the Guaranteed Obligations, 

    

    (8) any
      manner of application of any funds received by Lender to Guaranteed Obligations
      or any other obligations owed to Lender, whether from the sale or disposition
      of
      any assets securing the Guaranteed Obligations, from another guarantor of the
      Guaranteed Obligations or otherwise, and 

    

    (9) any
      failure to give or provide any notices, demands or protests, including those
      specified under Section 8 herein, entitled “Waiver of Notices”.

    

    Section
      10. Subrogation.
      Guarantor may not exercise any rights which Guarantor may acquire by way of
      subrogation or contribution, whether acquired by any payment made under this
      Guaranty, by any setoff or application of funds of Borrower, by Lender or
      otherwise, until (1) the payment in full of the Guaranteed Obligations (after
      Lender no longer has any obligation or arrangement to provide credit to
      Borrower, including under or pursuant to a line of credit), and (2) the payment
      of all fees and expenses to be paid by Guarantor pursuant to this Guaranty.
      If
      any amount shall be paid to Guarantor on account of such subrogation or
      contribution rights at any time when all of the Guaranteed Obligations and
      all
      such other expenses shall not have been paid in full (after Lender no longer
      has
      any obligation or arrangement to provide credit to Borrower, including under
      or
      pursuant to a line of credit), such amount shall be held in trust for the
      benefit of Lender, shall be segregated from the other funds of Guarantor and
      shall forthwith be paid over to Lender to be credited and applied in whole
      or in
      part by Lender against the Guaranteed Obligations, whether matured or unmatured,
      and all such other fees and expenses in accordance with the terms of the
      Guaranty Documents.

     

    
      
         

      

      
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    Section
      11. Representations.
      At the
      time of execution of this Guaranty and each time Lender provides credit as
      Debentures above, Guarantor represents and warrants to Lender as
      follows:

    

    (1) Name.
      The
      exact legal name of the Guarantor is the name specified in the preamble to
      this
      Guaranty. The Guarantor has not been known by any other name during the five
      (5)
      years prior to the date of the Guaranty.

    

    (2) Location.
      The
      principal residence of the Guarantor is 10 Spiceberry Place, The Woodlands,
      TX
      77382.

    

    (3) No
      Contravention.
      The
      execution, delivery and performance by Guarantor of this Guaranty do not and
      will not (a) violate any provision of any law, order, writ, judgment,
      injunction, decree, determination, or award presently in effect applicable
      to
      Guarantor, (b) result in a breach of or constitute a default under any indenture
      or loan or credit agreement or any other agreement, lease, or instrument to
      which Guarantor is a party or by which Guarantor or its properties may be bound
      or affected, or (c) result in, or require, the creation or imposition of any
      lien upon or with respect to any of the properties now owned or hereafter
      acquired by Guarantor.

    

    (4) Governmental
      Authority.
      No
      authorization, approval or other action by, and no notice to or filing with,
      any
      governmental authority is required for the due execution, delivery and
      performance by Guarantor of this Guaranty.

    

    (5) Legally
      Enforceable Guaranty.
      This
      Guaranty is the legal, valid and binding obligation of Guarantor, enforceable
      against Guarantor in accordance with its terms, except to the extent that such
      enforcement may be limited by (a) applicable bankruptcy, insolvency, and other
      similar laws affecting creditors' rights generally, or (b) general equitable
      principles, regardless of whether the issue of enforceability is considered
      in a
      proceeding in equity or at law.

    

    Section
      12. Remedies.
      Lender
      shall not, by any act, delay, omission or otherwise, be deemed to have waived
      any of its rights or remedies under this Guaranty or otherwise. A waiver by
      Lender of any right or remedy hereunder on any one occasion, shall not be
      construed as a ban or waiver of any such right or remedy which Lender would
      have
      had on any future occasion, nor shall Lender be liable for exercising or failing
      to exercise any such right or remedy. The rights and remedies of Lender under
      this Guaranty are cumulative and, as such, are in addition to any other rights
      and remedies available to Lender under law or any other agreements.

    

    Section
      13. Appointment
      as Attorney-in-Fact.
      Guarantor hereby appoints Lender as the attorney-in-fact for Guarantor, with
      full authority in the place and stead of Guarantor and in the name of Guarantor
      or otherwise, to exercise all rights and remedies granted to Lender under this
      Guaranty and to take any action and to execute any instrument which Lender
      may
      deem necessary or advisable to accomplish the purposes of this
      Guaranty.

     

    
      
         

      

      
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    Section
      14. Indemnity
      and Expenses.
      Guarantor hereby indemnifies Lender from and against any and all claims, losses,
      damages and liabilities growing out of or resulting from this Guaranty
      (including, without limitation, enforcement of this Guaranty), except claims,
      losses, damages or liabilities resulting from Lender's gross negligence and
      willful misconduct. 

     

    Guarantor
      will upon demand pay to Lender the amount of any and all expenses, including
      the
      fees and expenses of its counsel and of any experts and agents, which Lender
      may
      incur in connection with (1) any amendment to this Guaranty, (2) the
      administration of this Guaranty, (3) the exercise or enforcement of any of
      the
      rights of Lender under this Guaranty, or (4) the failure by Guarantor to perform
      or observe any of the provisions of this Guaranty.

    

    Section
      15. Amendments.
      No
      amendment or waiver of any provision of this Guaranty, nor consent to any
      departure by Guarantor from this Guaranty, shall in any event be effective
      unless the same shall be in writing and signed by Guarantor and Lender, and
      then
      such amendment or waiver shall be effective only in the specific instance and
      for the specific purpose for which given.

    

    Section
      16. Addresses
      for Notices.
      All
      notices and other communications provided for under this Guaranty shall be
      in
      writing and, mailed or delivered by messenger or overnight delivery service,
      addressed, in the case of Guarantor at its address specified below its
      signature, and in the case of Lender at the address specified below, or as
      to
      any such party at such other address as shall be designated by such party in
      a
      written notice to the other party complying as to delivery with the terms of
      this Section.

    

    If
      to
      Lender:

    
       

      Attention:
        

    

     

    With
      copies to:

    

    If
      to
      Guarantor:

     

    Steven
      B.
      Rash

    c/o
      Power3 Medical Products, Inc.

    3400
      Research Forest Drive

    The
      Woodlands, Texas 77381

    Fax
      No.:
      281-466-1481

     

    
      
         

      

      
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    With
      copies to:

    

    Sichenzia
      Ross Friedman Ference LLP

    Attn:
      Darrin M. Ocasio

    61
      Broadway, 32nd
      Fl.

    New
      York,
      New York 10006

    Fax
      No.:
      212-981-6774

    

    All
      such
      notices and other communications shall, when mailed, be effective three (3)
      days
      after being placed in the mails, or when delivered to a messenger or overnight
      delivery service, be effective one (1) day after being delivered to the
      messenger or overnight delivery service, in each case, addressed as specified
      above.

    

    Section
      17. Assignment
      and Transfer of Obligations.
      This
      Guaranty will bind the estate of Guarantor as to Guaranteed Obligations created
      or incurred both before and after the death or incapacity of Guarantor, whether
      or not Lender receives notice of such death or incapacity. This Guaranty shall
      inure to the benefit of Lender and its successors, transferees and assigns.
      Guarantor may not transfer or assign its obligations under this Guaranty. Lender
      may assign or otherwise transfer all or a portion of its rights or obligations
      with respect to the Guaranteed Obligations to any other party, and such other
      party shall then become vested with all the benefits in respect of such
      transferred Guaranteed Obligations granted to Lender in this Guaranty or
      otherwise. Guarantor agrees that Lender can provide information regarding
      Guarantor to any prospective or actual successor, transferee or
      assign.

    

    Section
      18. Setoff.
      Guarantor agrees that, in addition to, and without limiting, any right of
      setoff, Lender’s lien or counterclaim Lender may otherwise have, Lender shall be
      entitled, at its option, to offset balances (general or special, time or demand,
      provisional or final) held by it for the account of Guarantor, at any of the
      offices of Lender, in Dollars or any other currency, against any amount payable
      by Guarantor to Lender under this Guaranty which is not paid when demanded
      (regardless of whether such balances are then due to Guarantor), in which case
      Lender shall promptly notify Guarantor, provided that Lender’s failure to give
      such notice shall not affect the validity of such offset.

    

    Section
      19. Submission
      to Jurisdiction.
      Guarantor hereby irrevocably submits to the jurisdiction of any federal or
      state
      court sitting in New York County in the State of New York over any action or
      proceeding arising out of or related to this Guaranty and agrees with Lender
      that personal jurisdiction over Guarantor rests with such courts for purposes
      of
      any action on or related to this Guaranty. Guarantor hereby waives personal
      service by manual delivery and agrees that service of process may be made by
      prepaid certified mail directed to Guarantor at the address of Guarantor for
      notices under this Guaranty or at such other address as may be designated in
      writing by Guarantor to Lender, and that upon mailing of such process such
      service will be effective as if Guarantor was personally served. Guarantor
      agrees 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 manner provided by law. Guarantor further waives any objection to venue
      in any such action or proceeding on the basis of inconvenient forum. Guarantor
      agrees that any action on or proceeding brought against Lender shall only be
      brought in such courts.

     

    
      
         

      

      
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    Section
      20. Governing
      Law.
      This
      Guaranty shall be governed by and construed in accordance with the laws of
      the
      State of New York without regard to its principles of conflicts of
      law.

    

    Section
      21. Subordination.
      Once a
      demand for payment is made on the Guarantor under this Guaranty Guarantor will
      not (1) make any demand for payment of, or take any action to accelerate, any
      obligation owed to Guarantor by Borrower, (2) seek to collect payment of, or
      enforce any right or remedies against Borrower, any of the obligations owed
      to
      Guarantor by Borrower or any guarantees, credit supports, collateral or other
      security related to or supporting any of such obligations, or (3) commence,
      or
      join with any other creditor in commencing, any bankruptcy or similar proceeding
      against Borrower. Guarantor also agrees that the payment of all obligations
      of
      Borrower to Guarantor shall be subordinate and junior in time and right of
      payment in accordance with the terms of this Section to the prior payment in
      full (in cash) of the Guaranteed Obligations. In furtherance of such
      subordination, (1) to the extent possible, Guarantor will not take or receive
      from Borrower any payments, in cash or any other property, by setoff or any
      other means, of any or all of the obligations owed to Guarantor by Borrower,
      or
      purchase, redeem, or otherwise acquire any of such obligations, or change the
      terms or provisions of any such obligations and (2) if for any reason and under
      any circumstance Guarantor receives a payment on such obligation, whether in
      a
      bankruptcy or similar proceeding or otherwise, all such payments or
      distributions upon or with respect to such obligations shall be received in
      trust for the benefit of Lender, shall be segregated from other funds and
      property held by Guarantor and shall be forthwith paid over to Lender in the
      same form as so received (with any necessary endorsement) to be applied (in
      the
      case of cash) to, or held as collateral (in the case of securities or other
      non-cash property) for, the payment or prepayment of the Guaranteed Obligations.
      Guarantor agrees that any subrogation rights Guarantor may acquire as a result
      of a payment under this Section may not be exercised until (1) the payment
      in
      full of the Guaranteed Obligations (after Lender no longer has any obligation
      or
      arrangement to provide credit to Borrower, including under or pursuant to a
      line
      of credit), and (2) the payment of all fees and expenses to be paid by Guarantor
      pursuant to this Guaranty.

    

    Section
      22. Miscellaneous.
      This
      Guaranty is in addition to and not in limitation of any other rights and
      remedies Lender may have by virtue of any other instrument or agreement
      previously, contemporaneously or hereafter executed by Guarantor or any other
      party or by law or otherwise. If any provision of this Guaranty is contrary
      to
      applicable law, such provision shall be deemed ineffective without invalidating
      the remaining provisions of this Guaranty. Titles in this Guaranty are for
      convenience of reference only and shall not affect the interpretation or
      construction of this Guaranty. This Guaranty constitutes the entire agreement
      between Guarantor and Lender with respect to the matters covered by this
      Guaranty and supercedes all written or oral agreements with respect to such
      matters.

    

    Section
      23. WAIVER
      OF JURY TRIAL.
      GUARANTOR EXPRESSLY WAIVES ANY AND EVERY RIGHT TO A TRIAL BY JURY IN ANY ACTION
      ON OR RELATED TO THIS GUARANTY.

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    

    IN
      WITNESS WHEREOF, Guarantor has duly executed and delivered this Guaranty as
      of
      the date of this Guaranty.

    

    
      	 	
              ___________________________________

              Steven
                B. Rash

            

    

     

    
      
         

      

      
        9AMENDED
      AND RESTATED 

    STOCK
      PLEDGE AGREEMENT

    

    STOCK
      PLEDGE AGREEMENT ("Agreement")
      entered into as of the 29th
      day of
      July 2008 by and among Able Income Fund, LLC (the “Secured Party”), and those
      persons identified on the signature page hereof (each a “Pledgor”).

    

    RECITALS

    

    A. Pledgor
      has agreed to pledge certain shares as security for: (i) the performance by
      Power3Medical Products, Inc. A New York corporation of its obligations under
      its
      Debentures in an aggregate face amount of (i) Two Hundred Thousand and 00/100
      Dollars ($200,000.00) payable to the Secured Party (the “Initial
      Debenture”),
      and
      (ii) Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00) payable to
      the
      Secured Party (the “New Debenture”
and
      collectively with the Initial Debenture, the “Debentures”)
      and
      (iii) the performance by Pledgor of its Guaranty delivered to Secured Party
      of
      even date herewith. Capitalized terms in this Agreement which are not identified
      herein will have the meanings given such terms in the Debentures. 

    

    B. The
      Secured Party is willing to accept the Debentures from the Company only upon
      receiving Pledgor’s Guaranty and pledge of certain stock as set forth in this
      Agreement.

    

    NOW,
      THEREFORE, in consideration of the premises, the mutual covenants and conditions
      contained herein, and for other good and valuable consideration, the receipt
      and
      sufficiency of which are hereby acknowledged, the parties hereto hereby agree
      as
      follows:

    1. Grant
      of Security Interest.
      Pledgor
      hereby pledges to the Secured Party as collateral and security for the Secured
      Obligations (as defined in paragraph 2) the securities initially set forth
      on
      the attached Schedule 1 of this Agreement, (the “Pledged
      Shares”).
      Unless otherwise set forth on Schedule 1 of this Agreement, Pledgor is the
      beneficial and record owner of the Pledged Shares set forth opposite such
      Pledgor’s
      name on
      such Schedule. Such Pledged Shares, together with any additions, replacements,
      accessions substitutes therefor, or proceeds thereof, are hereinafter referred
      to collectively as the “Collateral.” Market
      Value means the average closing bid price for the ten trading days prior to
      the
      date on which the Collateral is valued for purposes of this Section
      1.

    

    2. Secured
      Obligations.
      During
      the term hereof, the Collateral shall secure the following:

    

    a. The
      performance by the Company of its obligations, covenants, and agreements under
      the Debentures.

    

    
      	 	
              b.
                The performance by the Pledgor of its obligations, covenants, and
                agreements under the Guaranty.

            

    

    

    The
      obligations, covenants and agreements described in clause (a) and (b) are the
      “Secured Obligations.”

    

    3. Perfection
      of Security Interests.
      (a)
      Upon execution of this Agreement by each Pledgor, such Pledgor shall deliver
      the
      Pledge Shares, together with Stock Powers (with Medallion Guarantees
      annexed).

     

    (b) The
      Company and each Pledgor will, at its expense, cause to be searched the public
      records with respect to the Collateral and will execute, deliver, file and
      record (in such manner and form as each Secured Party may require), or permit
      each Secured Party to file and record, as its attorney in fact, any financing
      statements, any carbon, photographic or other reproduction of a financing
      statement or this Agreement (which shall be sufficient as a financing statement
      hereunder), any specific assignments or other paper that may be reasonably
      necessary or desirable, or that such Secured Party may request, in order to
      create, preserve, perfect or validate any Security Interest or to enable such
      Secured Party to exercise and enforce its rights hereunder with respect to
      any
      of the Collateral. The Company and each of the Pledgor hereby appoints each
      Secured Party as the Company's or such Pledgor’s attorney-in-fact to execute in
      the name and behalf of the Company or such Pledgor, as the case may be, such
      additional financing statements as such Secured Party may request.

    

    4. Assignment.
      In
      connection with the transfer of the Debentures in accordance with their terms,
      a
      Secured Party may assign or transfer the whole or any part of its security
      interest granted hereunder, and may transfer as collateral security the whole
      or
      any part of Secured Party's security interest in the Collateral. Any transferee
      of the Collateral shall be vested with all of the rights and powers of Secured
      Party hereunder with respect to the Collateral. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    5. Pledgor’s
      Warranty.
      (A)
      Title. Pledgor represents and warrants hereby to the Secured Party as follows
      with respect to the Pledged Shares set forth opposite such Pledgor’s name on
      Schedule 1 to this Agreement: 

     

    (i)
      that
      the Collateral is free and clear of any encumbrances of every nature whatsoever,
      and such Pledgor is the sole owner of the Pledged Shares; 

     

    (ii)
      Such
      Pledgor further agree not to grant or create, any security interest, claim,
      lien, pledge or other encumbrance with respect to such Collateral or attempt
      to
      sell, transfer or otherwise dispose of the Collateral, until the Secured
      Obligations have been paid in full or this Agreement terminates;
      and

     

    (iii) this
      Agreement constitutes a legal, valid and binding obligation of such Pledgor
      enforceable in accordance with its terms (except as the enforcement thereof
      may
      be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization,
      moratorium, and similar laws, now or hereafter in effect),

     

    B. Other:
       (i)
      Pledgor has made necessary inquiries of the Company and believes that the
      Company fully intends to fulfill and has the capability of fulfilling the
      Secured Obligations to be performed by the Company in accordance with the terms
      of the Debenturess. 

    

    (ii) The
      Pledgor is not acting, and has not agreed to act, in any plan to sell or dispose
      of any Shares in a manner intended to circumvent the registration requirements
      of the Securities Act of 1933, as amended, or any applicable state
      law.

    

    (iii) Pledgor
      has been advised by counsel of the elements of a bona-fide pledge for purposes
      of Rule 144(d)(3)(iv) under the Securities Act of 1933, as amended, including
      the relevant SEC interpretations and affirm the pledge of shares by each of
      the
      undersigned pursuant to this Pledge Agreement will constitute a bona-fide pledge
      of such shares for purposes of such Rule.

    

    6. Collection
      of Dividends and Interest.
      During
      the term of this Agreement and so long as Pledgor is not in default under the
      Debenturess, Pledgor is authorized to collect all dividends, distributions,
      interest payments, and other amounts that may be, or may become, due on any
      of
      the Collateral. 

    

    7. Voting
      Rights.
      During
      the term of this Agreement and until such time as this Agreement has terminated
      or Secured Party has exercised its rights under this Agreement to foreclose
      its
      security interest in the Collateral, Pledgor shall have the right to exercise
      any voting rights evidenced by, or relating to, the Collateral.

    

    8. Warrants
      and Options.
      In the
      event that, during the term of this Agreement, subscription, spin-off, warrants,
      dividends, or any other rights or option shall be issued in connection with
      the
      Collateral, such warrants, dividends, rights and options shall be immediately
      delivered to Secured Party to be held under the terms hereof in the same manner
      as the Collateral.

    

    9. Preservation
      of the Value of the Collateral.
      Pledgor
      shall pay all taxes, charges, and assessments against the Collateral and do
      all
      acts necessary to preserve and maintain the value thereof. 

    

    10. Secured
      Party as Pledgor's Attorney-in-Fact.

    

    (a) Pledgor
      hereby irrevocably appoints Secured Party as Pledgor's attorney-in-fact, with
      full authority in the place and stead of Pledgor and in the name of Pledgor,
      Secured Party or otherwise, from time to time at Secured Party's discretion,
      to
      take any action and to execute any instrument that Secured Party may reasonably
      deem necessary or advisable to accomplish the purposes of this Agreement,
      including: (i) upon the occurrence and during the continuance of an Event of
      Default, to receive, indorse, and collect all instruments made payable to
      Pledgor representing any dividend, interest payment or other distribution in
      respect of the Collateral or any part thereof to the extent permitted hereunder
      and to give full discharge for the same and to execute and file governmental
      notifications and reporting forms; (ii) to arrange for the transfer of the
      Collateral on the books of any of the Company or any other Person to the name
      of
      Secured Party or to the name of Secured Party's nominee.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (b) In
      addition to the designation of Secured Party as Pledgor's attorney-in-fact
      in
      subsection (a), Pledgor hereby irrevocably appoints Secured Party as Pledgor's
      agent and attorney-in-fact to make, execute and deliver any and all documents
      and writings which may be necessary or appropriate for approval of, or be
      required by, any regulatory authority located in any city, county, state or
      country where Pledgor or any of the Company engage in business, in order to
      transfer or to more effectively transfer any of the Pledged Interests or
      otherwise enforce Secured Party's rights hereunder.

    

    11. Remedies
      upon Default.

    

    Upon
      the
      occurrence and during the continuance of an Event of Default under the
      Debentures and/or the Guaranty “Event of Default”):

    

    (a) Secured
      Party may exercise in respect of the Collateral, in addition to other rights
      and
      remedies provided for herein or otherwise available to it, all the rights and
      remedies of a secured party on default under the Code (irrespective of whether
      the Code applies to the affected items of Collateral), and Secured Party may
      also without notice (except as specified below) sell the Collateral or any
      part
      thereof in one or more parcels at public or private sale, at any exchange,
      broker's board or at any of Secured Party's offices or elsewhere, for cash,
      on
      credit or for future delivery, at such time or times and at such price or prices
      and upon such other terms as Secured Party may deem commercially reasonable,
      irrespective of the impact of any such sales on the market price of the
      Collateral. To the maximum extent permitted by applicable law, Secured Party
      may
      be the purchaser of any or all of the Collateral at any such sale and shall
      be
      entitled, for the purpose of bidding and making settlement or payment of the
      purchase price for all or any portion of the Collateral sold at any such public
      sale, to use and apply all or any part of the Secured Obligations as a credit
      on
      account of the purchase price of any Collateral payable at such sale. Each
      purchaser at any such sale shall hold the property sold absolutely free from
      any
      claim or right on the part of Pledgor, and Pledgor hereby waives (to the extent
      permitted by law) all rights of redemption, stay, or appraisal that it now
      has
      or may at any time in the future have under any rule of law or statute now
      existing or hereafter enacted. Pledgor agrees that, to the extent notice of
      sale
      shall be required by law, at least ten (10) calendar days notice to Pledgor
      of
      the time and place of any public sale or the time after which a private sale
      is
      to be made shall constitute reasonable notification. Secured Party shall not
      be
      obligated to make any sale of Collateral regardless of notice of sale having
      been given. Secured Party may adjourn any public or private sale from time
      to
      time by announcement at the time and place fixed therefor, and such sale may,
      without further notice, be made at the time and place to which it was so
      adjourned. To the maximum extent permitted by law, Pledgor hereby waives any
      claims against Secured Party arising because the price at which any Collateral
      may have been sold at such a private sale was less than the price that might
      have been obtained at a public sale, even if Secured Party accepts the first
      offer received and does not offer such Collateral to more than one
      offeree.

    

    (b) Pledgor
      hereby agrees that any sale or other disposition of the Collateral conducted
      in
      conformity with reasonable commercial practices of banks, insurance companies,
      or other financial institutions in the city and state where Secured Party is
      located in disposing of property similar to the Collateral shall be deemed
      to be
      commercially reasonable.

    

    (c) Pledgor
      hereby acknowledges that the sale by Secured Party of any Collateral pursuant
      to
      the terms hereof in compliance with the Securities Act of 1933 as now in effect
      or as hereafter amended, or any similar statute hereafter adopted with similar
      purpose or effect (the "Securities Act"), as well as applicable "Blue Sky"
      or
      other state securities laws, may require strict limitations as to the manner
      in
      which Secured Party or any subsequent transferee of the Collateral may dispose
      thereof. Pledgor acknowledges and agrees that in order to protect Secured
      Party's interest it may be necessary to sell the Collateral at a price less
      than
      the maximum price attainable if a sale were delayed or were made in another
      manner, such as a public offering under the Securities Act. Pledgor has no
      objection to sale in such a manner and agrees that Secured Party shall have
      no
      obligation to obtain the maximum possible price for the Collateral. Without
      limiting the generality of the foregoing, Pledgor agrees that, upon the
      occurrence and during the continuation of an Event of Default, Secured Party
      may, subject to applicable law, from time to time attempt to sell all or any
      part of the Collateral by a private placement, restricting the bidders and
      prospective purchasers to those who will represent and agree that they are
      purchasing for investment only and not for distribution. In so doing, Secured
      Party may solicit offers to buy the Collateral or any part thereof for cash,
      from a limited number of investors reasonably believed by Secured Party to
      be
      institutional investors or other accredited investors who might be interested
      in
      purchasing the Collateral. If Secured Party shall solicit such offers, then
      the
      acceptance by Secured Party of one of the offers shall be deemed to be a
      commercially reasonable method of disposition of the Collateral.

    

    (d) If
      Secured Party shall determine to exercise its right to sell all or any portion
      of the Collateral pursuant to this Section, Pledgor agrees that, upon request
      of
      Secured Party, Pledgor will, at its own expense:

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (i) execute
      and deliver, or cause the officers and directors of the Company to execute
      and
      deliver, to any person, entity or governmental authority as Secured Party may
      choose, any and all documents and writings which, in Secured Party's reasonable
      judgment, may be necessary or appropriate for approval, or be required by,
      any
      regulatory authority located in any city, county, state or country where Pledgor
      or the Company engage in business, in order to transfer or to more effectively
      transfer the Pledged Interests or otherwise enforce Secured Party's rights
      hereunder; and

    

    (ii) do
      or
      cause to be done all such other acts and things as may be necessary to make
      such
      sale of the Collateral or any part thereof valid and binding and in compliance
      with applicable law; and

    

    (iii)
      cause the Company to timely file all periodic reports required to be filed
      by
      the Company under the Securities Exchange Act of 1934.

    

    Pledgor
      acknowledges that there is no adequate remedy at law for failure by it to comply
      with the provisions of this Section and that such failure would not be
      adequately compensable in damages, and therefore agrees that its agreements
      contained in this Section may be specifically enforced.

    

    (e) PLEDGOR
      EXPRESSLY WAIVES TO THE MAXIMUM EXTENT PERMITTED BY LAW: (i) ANY CONSTITUTIONAL
      OR OTHER RIGHT TO A JUDICIAL HEARING PRIOR TO THE TIME SECURED PARTY DISPOSES
      OF
      ALL OR ANY PART OF THE COLLATERAL AS PROVIDED IN THIS SECTION; (ii) ALL RIGHTS
      OF REDEMPTION, STAY, OR APPRAISAL THAT IT NOW HAS OR MAY AT ANY TIME IN THE
      FUTURE HAVE UNDER ANY RULE OF LAW OR STATUTE NOW EXISTING OR HEREAFTER ENACTED;
      AND (iii) EXCEPT AS SET FORTH IN SUBSECTION (a) OF THIS SECTION 11, ANY
      REQUIREMENT OF NOTICE, DEMAND, OR ADVERTISEMENT FOR SALE.

    

    12. 
      (a)Term
      of Agreement.
      This
      Agreement shall continue in full force and effect until the earlier of the
      payment in full of the Debentures. If the Debentures is paid in full, the
      security interests in the relevant Collateral shall be deemed released, and
      any
      portion of the Collateral not transferred to or sold by any one or more Secured
      Parties shall be returned to the Pledgor (and for such purpose, delivery to
      Darrin Ocasio, Esq., of Sichenzia Ross Friedman Ference LLP of New York, NY
      shall deemed to comply with such return requirement). Upon termination of this
      Pledge Agreement, the relevant Collateral shall be returned within five (5)
      Trading Days to Debtor or to the Pledgor, as contemplated above.

    

    (b)
      Application
      of Proceeds.
      Upon
      the occurrence and during the continuance of an Event of Default, any cash
      held
      by Secured Party as Collateral and all cash Proceeds received by Secured Party
      in respect of any sale of, collection from, or other realization upon all or
      any
      part of the Collateral pursuant to the exercise by Secured Party of its remedies
      as a secured creditor as provided in Section 9 shall be applied from time to
      time by the Secured Part as provided in the Debentures.

    

    13. Indemnity
      and Expenses.

    

    Pledgor
      agrees:

    

    (a) To
      indemnify and hold harmless Secured Party and each of its directors, officers,
      employees, agents and affiliates from and against any and all claims, damages,
      demands, losses, obligations, judgments and liabilities (including, without
      limitation, reasonable attorneys' fees and expenses) in any way arising out
      of
      or in connection with this Agreement or the Secured Obligations, except to
      the
      extent the same shall arise as a result of the gross negligence or willful
      misconduct of the party seeking to be indemnified; and

    

    (b) To
      pay
      and reimburse Secured Party upon demand for all reasonable costs and expenses
      (including, without limitation, reasonable attorneys' fees and expenses) that
      Secured Party may incur in connection with (i) the custody, use or preservation
      of, or the sale of, collection from or other realization upon, any of the
      Collateral, including the reasonable expenses of re-taking, holding, preparing
      for sale or lease, selling or otherwise disposing of or realizing on the
      Collateral, (ii) the exercise or enforcement of any rights or remedies granted
      hereunder, under the Debentures or otherwise available to it (whether at law,
      in
      equity or otherwise), or (iii) the failure by Pledgor to perform or observe
      any
      of the provisions hereof. The provisions of this Section shall survive the
      execution and delivery of this Agreement, the repayment of any of the Secured
      Obligations, the termination of the commitments of Secured Party under the
      Debentures and the termination of this Agreement.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    14. Duties
      of Secured Party.

    

    The
      powers conferred on Secured Party hereunder are solely to protect its interests
      in the Collateral and shall not impose on it any duty to exercise such powers.
      Except as provided in Section 9-207 of the Code, Secured Party shall have no
      duty with respect to the Collateral or any responsibility for taking any
      necessary steps to preserve rights against any Persons with respect to any
      Collateral.

    

    15. Choice
      of Law and Venue; Submission to Jurisdiction; Service of Process.

    

    (a) THE
      VALIDITY OF THIS AGREEMENT, ITS CONSTRUCTION, INTERPRETATION, AND ENFORCEMENT,
      AND THE RIGHTS OF THE PARTIES HERETO SHALL BE DETERMINED UNDER, GOVERNED BY,
      AND
      CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK (WITHOUT
      REFERENCE TO THE CHOICE OF LAW PRINCIPLES THEREOF). THE PARTIES AGREE THAT
      ALL
      ACTIONS OR PROCEEDINGS ARISING IN CONNECTION WITH THIS AGREEMENT SHALL BE TRIED
      AND LITIGATED ONLY IN THE STATE AND FEDERAL COURTS LOCATED IN THE COUNTY OF
      NEW
      YORK, STATE OF NEW YORK OR, AT THE SOLE OPTION OF SECURED PARTY, IN ANY OTHER
      COURT IN WHICH SECURED PARTY SHALL INITIATE LEGAL OR EQUITABLE PROCEEDINGS
      AND
      WHICH HAS SUBJECT MATTER JURISDICTION OVER THE MATTER IN CONTROVERSY.

    

    (b) PLEDGOR
      HEREBY SUBMITS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND
      UNCONDITIONALLY, TO THE JURISDICTION OF THE AFORESAID COURTS AND WAIVES, TO
      THE
      EXTENT PERMITTED UNDER APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO ASSERT THE
      DOCTRINE OF FORUM NON CONVENIENS OR TO OBJECT TO VENUE TO THE EXTENT ANY
      PROCEEDING IS BROUGHT IN ACCORDANCE WITH THIS SECTION. 

    

    (c) PLEDGOR
      HEREBY WAIVES PERSONAL SERVICE OF THE SUMMONS, COMPLAINT, OR OTHER PROCESS
      ISSUED IN ANY ACTION OR PROCEEDING AND AGREES THAT SERVICE OF SUCH SUMMONS,
      COMPLAINT, OR OTHER PROCESS MAY BE MADE BY REGISTERED OR CERTIFIED MAIL
      ADDRESSED TO PLEDGOR AT ITS ADDRESS FOR NOTICES IN ACCORDANCE WITH THIS
      AGREEMENT AND THAT SERVICE SO MADE SHALL BE DEEMED COMPLETED UPON THE EARLIER
      OF
      PLEDGOR'S ACTUAL RECEIPT THEREOF OR THREE DAYS AFTER DEPOSIT IN THE UNITED
      STATES MAILS, PROPER POSTAGE PREPAID.

    

    (d) NOTHING
      IN THIS AGREEMENT SHALL BE DEEMED OR OPERATE TO AFFECT THE RIGHT OF SECURED
      PARTY TO SERVE LEGAL PROCESS IN ANY OTHER MANNER PERMITTED BY LAW, OR TO
      PRECLUDE THE ENFORCEMENT BY SECURED PARTY OF ANY JUDGMENT OR ORDER OBTAINED
      IN
      SUCH FORUM OR THE TAKING OF ANY ACTION UNDER THIS AGREEMENT TO ENFORCE SAME
      IN
      ANY OTHER APPROPRIATE FORUM OR JURISDICTION.

    

    16. Amendments;
      etc.

    

    No
      amendment or waiver of any provision of this Agreement nor consent to any
      departure by Pledgor herefrom shall in any event be effective unless the same
      shall be in writing and signed by Secured Party, and then such waiver or consent
      shall be effective only in the specific instance and for the specific purpose
      for which given. No failure on the part of Secured Party to exercise, and no
      delay in exercising any right under this Agreement, any other Credit Document,
      or otherwise with respect to any of the Secured Obligations, shall operate
      as a
      waiver thereof; nor shall any single or partial exercise of any right under
      this
      Agreement, any other Credit Document, or otherwise with respect to any of the
      Secured Obligations preclude any other or further exercise thereof or the
      exercise of any other right. The remedies provided for in this Agreement or
      otherwise with respect to any of the Secured Obligations are cumulative and
      not
      exclusive of any remedies provided by law.

    

    17. Notices.

    

    Unless
      otherwise specifically provided herein, all notices shall be in writing
      addressed to the respective party as set forth below: and may be personally
      served, faxed, telecopied or sent by overnight courier service or United States
      mail:

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    If
      to
      Pledgor: 

     

    Steven
      B.
      Rash

    c/o
      Power3 Medical Products, Inc.

    3400
      Research Forest Drive

    The
      Woodlands, Texas 77381

    Fax
      No.:
      281-466-1481

    

    with
      a
      copy to: 

    

    Sichenzia
      Ross Friedman Ference LLP

    61
      Broadway, 32nd
      Fl.

    New
      York,
      NY 10006  

     

    Fax
      No.: 212-930-9725

    Attn: Darrin
      M.
      Ocasio, Esq.

    

    If
      to
      Secured Party:

     

    Fax
      No.:

    

    with
      a
      copy to: 

    

    Fax
      No.:

    

    Any
      notice given pursuant to this section shall be deemed to have been given: (a)
      if
      delivered in person, when delivered; (b) if delivered by fax, on the date of
      transmission if transmitted on a Business Day before 4:00 p.m. at the place
      of
      receipt or, if not, on the next succeeding Business Day; (c) if delivered by
      overnight courier, two (2) days after delivery to such courier properly
      addressed; or (d) if by United States mail, four (4) Business Days after
      depositing in the United States mail, with postage prepaid and properly
      addressed. Any party hereto may change the address or fax number at which it
      is
      to receive notices hereunder by notice to the other party in writing in the
      foregoing manner.

    

    18. Continuing
      Security Interest.

    

    This
      Agreement shall create a continuing security interest in the Collateral and
      shall: (a) remain in full force and effect until the indefeasible payment in
      full of the Secured Obligations, including the cash collateralization,
      expiration, or cancellation of all Secured Obligations, if any, consisting
      of
      letters of credit, and the full and final termination of any commitment to
      extend any financial accommodations under the Credit Agreement; (b) be binding
      upon Pledgor and its successors and assigns; and (c) inure to the benefit of
      Secured Party and its successors, transferees, and assigns. Upon the
      indefeasible payment in full of the Secured Obligations, including the cash
      collateralization, expiration, or cancellation of all Secured Obligations,
      if
      any, consisting of letters of credit, and the full and final termination of
      any
      commitment to extend any financial accommodations under the Credit Agreement,
      the security interests granted herein shall automatically terminate and all
      rights to the Collateral shall revert to Pledgor. Upon any such termination,
      Secured Party will, at Pledgor's expense, execute and deliver to Pledgor such
      documents as Pledgor shall reasonably request to evidence such termination.
      Such
      documents shall be prepared by Pledgor and shall be in form and substance
      reasonably satisfactory to Secured Party.

    

    19. Security
      Interest Absolute.

    

    To
      the
      maximum extent permitted by law, all rights of Secured Party, all security
      interests hereunder, and all obligations of Pledgor hereunder, shall be absolute
      and unconditional irrespective of:

    

    (a) any
      lack
      of validity or enforceability of any of the Secured Obligations or any other
      agreement or instrument relating thereto, including any of the Credit
      Documents;

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (b) any
      change in the time, manner, or place of payment of, or in any other term of,
      all
      or any of the Secured Obligations, or any other amendment or waiver of or any
      consent to any departure from any of the Credit Documents, or any other
      agreement or instrument relating thereto;

    

    (c) any
      exchange, release, or non-perfection of any other collateral, or any release
      or
      amendment or waiver of or consent to departure from any guaranty for all or
      any
      of the Secured Obligations; or

    

    (d) any
      other
      circumstances that might otherwise constitute a defense available to, or a
      discharge of, Pledgor.

    

    20. Headings.

    

    Section
      and subsection headings in this Agreement are included herein for convenience
      of
      reference only and shall not constitute a part of this Agreement or be given
      any
      substantive effect.

    

    21. Severability.

    

    In
      case
      any provision in or obligation under this Agreement shall be invalid, illegal
      or
      unenforceable in any jurisdiction, the validity, legality and enforceability
      of
      the remaining provisions or obligations, or of such provision or obligation
      in
      any other jurisdiction, shall not in any way be affected or impaired
      thereby.

    

    22. Counterparts;
      Telefacsimile Execution.

    

    This
      Agreement may be executed in one or more counterparts, each of which shall
      be
      deemed an original and all of which together shall constitute one and the same
      Agreement. Delivery of an executed counterpart of this Agreement by
      telefacsimile shall be equally as effective as delivery of an original executed
      counterpart of this Agreement. Any party delivering an executed counterpart
      of
      this Agreement by telefacsimile also shall deliver an original executed
      counterpart of this Agreement but the failure to deliver an original executed
      counterpart shall not affect the validity, enforceability, or binding effect
      hereof.

    

    23. Waiver
      of Marshaling.

    

    Each
      of
      Pledgor and Secured Party acknowledges and agrees that in exercising any rights
      under or with respect to the Collateral: (a) Secured Party is under no
      obligation to marshal any Collateral; (b) may, in its absolute discretion,
      realize upon the Collateral in any order and in any manner it so elects; and
      (c)
      may, in its absolute discretion, apply the proceeds of any or all of the
      Collateral to the Secured Obligations in any order and in any manner it so
      elects. Pledgor and Secured Party waive any right to require the marshaling
      of
      any of the Collateral.

    

    24. Waiver
      of Jury Trial.

    

    PLEDGOR
      AND SECURED PARTY HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY
      CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY
      OF
      THE TRANSACTIONS CONTEMPLATED HEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS,
      BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS. PLEDGOR
      AND
      SECURED PARTY REPRESENT THAT EACH HAS REVIEWED THIS WAIVER AND EACH KNOWINGLY
      AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL
      COUNSEL. IN THE EVENT OF LITIGATION, A COPY OF THIS AGREEMENT MAY BE FILED
      AS A
      WRITTEN CONSENT TO A TRIAL BY THE COURT.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, Pledgor and Secured Party have caused this Agreement to be
      duly
      executed and delivered by their officers thereunto duly authorized as of the
      date first written above.

     

    
      	 	
              STEVEN
                B. RASH

              

              By:
                ________________________________

              

              ____________________________________

              

              ____________________________________

              

              By:
                ________________________________

              Title:
                ______________________________

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Schedule
      1

    

    
      	 	
              1.

            	
              The
                Numbers of the stock certificates evidencing 14,048,369 shares of
                common
                stock of Power3Medical Products, Inc., which are pledged pursuant
                to the
                Stock Pledge Agreement, dated July 1, 2009, are as
                follows:

            

    

    

      
        	
                Name
                  of Shareholder

              	 	
                Certificate
                  #

              	 	
                #
                  of Shares

              
	
                Steven
                  B. Rash

              	 	
                15551

              	 	
                11,225,869

              
	
                Steven
                  B. Rash

              	 	
                201

              	 	
                1,500,000

              
	
                Steven
                  B. Rash

              	 	
                15339

              	 	
                1,000,000

              
	
                Steven
                  B. Rash

              	 	
                15342

              	 	
                322,500

              

      

    

     

    
      	 	
              ____________________________
                

              STEVEN
                B. RASH

            

    

    

    ACKNOWLEDGMENT

    

    STATE
      OF
      ______________ :

                                                         
      ss:

    COUNTY
      OF
      ____________ :

    

    

    BE
      IT
      REMEMBERED that on this ___ day of ______, 2008, before me, the subscriber,
      personally appeared Steven B. Rash who, being by me duly sworn on his oath,
      deposed and made proof to my satisfaction that the information and statements
      set forth above are true and correct as of this date.

     

    
      	 	
              ____________________________
                

              Notary
                Public, State of

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Schedule
      2

    

    

    Pledgor
      Information:

    

    For
      Pledgor That Is a Registered Organization

    Jurisdiction
      of Organization:
      ______________________________________________________

    

    Type
      of
      Organization:
      ___________________________________________________________

    

    Organizational
      ID Number (if any):
      ________________________________________________

    

    For
      Pledgor That Is An Individual: Steven B. Rash

    

    Address
      of Principal Residence: See Notice section

    

    For
      Pledgor That Is Neither a Registered Organization nor an
      Individual:
      

    

    Type
      of
      Organization:
      ___________________________________________________________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00145-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00145-of-00352.parquet"}]]