Document:

[EXHIBIT 10.8]

                       SECURITY AGREEMENT

     SECURITY AGREEMENT (this "Agreement"), dated as of March 30,
2005, by and among Med Gen, Inc., a Nevada corporation
("Company"), and the secured parties signatory hereto and their
respective endorsees, transferees and assigns (collectively, the
"Secured Party").

                      W I T N E S S E T H:

     WHEREAS, pursuant to a Securities Purchase Agreement, dated
the date hereof, between Company and the Secured Party (the
"Purchase Agreement"), Company has agreed to issue to the Secured
Party and the Secured Party has agreed to purchase from Company
certain of Company's 8% Callable Secured Convertible Notes, due
three years from the date of issue (the "Notes"), which are
convertible into shares of Company's Common Stock, par value
$.001 per share (the "Common Stock").  In connection therewith,
Company shall issue the Secured Party certain Common Stock
purchase warrants (the "Warrants"); and

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

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

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

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

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

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          (ii)   All Inventory of the Company; and

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

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

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

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

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

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

     2.   Grant of Security Interest.  As an inducement for the
          --------------------------
Secured Party to purchase the Notes and to secure the complete
and timely payment, performance and discharge in full, as the
case may be, of all of the Obligations, the Company hereby,
unconditionally and irrevocably, pledges, grants and hypothecates
to the Secured Party, a continuing security interest in, a
continuing first lien upon, an unqualified right to possession
and disposition of and a right of set-off against, in each case
to the fullest extent permitted by law, all of the Company's
right, title and interest of whatsoever kind and nature in and to
the Collateral (the "Security Interest").

     3.   Representations, Warranties, Covenants and Agreements of the
          ------------------------------------------------------------
Company.  The Company represents and warrants to, and covenants
-------
and agrees with, the Secured Party as follows:

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<PAGE>

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

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

          (c)  The Company is the sole owner of the Collateral
(except for non-exclusive licenses granted by the Company in the
ordinary course of business), free and clear of any liens, security
interests, encumbrances, rights or claims, and is fully
authorized to grant the Security Interest in and to pledge the
Collateral, except as set forth on Schedule C.  There is not on
file in any governmental or regulatory authority, agency or
recording office an effective financing statement, security
agreement, license or transfer or any notice of any of the
foregoing (other than those that have been filed in favor of the
Secured Party pursuant to this Agreement) covering or affecting
any of the Collateral, except as set forth on Schedule C.  So
long as this Agreement shall be in effect, the Company shall not
execute and shall not knowingly permit to be on file in any such
office or agency any such financing statement or other document
or instrument (except to the extent filed or recorded in favor of
the Secured Party pursuant to the terms of this Agreement),
except as set forth on Schedule C.

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

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

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<PAGE>

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

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

         (h)  Except as set forth on Schedule C, the execution, delivery
and performance of this Agreement does not conflict with or cause
a breach or default, or an event that with or without the passage
of time or notice, shall constitute a breach or default, under
any agreement to which the Company is a party or by which the
Company is bound.  No consent (including, without limitation,
from stock holders or creditors of the Company) is required for
the Company to enter into and perform its obligations hereunder.
(i)  The Company shall at all times maintain the liens and
Security Interest provided for hereunder as valid and perfected
first priority liens and security interests in the Collateral in
favor of the Secured Party until this Agreement and the Security
Interest hereunder shall terminate pursuant to Section 11.  The
Company hereby agrees to defend the same against any and all
persons.  The Company shall safeguard and protect all Collateral
for the account of the Secured Party.  At the request of the
Secured Party, the Company will sign and deliver to the Secured
Party at any time or from time to time one or more financing
statements pursuant to the UCC (or any other applicable statute)
in form reasonably satisfactory to the Secured Party and will pay
the cost of filing the same in all public offices wherever filing
is, or is deemed by the Secured Party to be, necessary or
desirable to effect the rights and obligations provided for
herein. Without limiting the generality of the foregoing, the
Company shall pay all fees, taxes and other amounts necessary to
maintain the Collateral and the Security Interest hereunder, and
the Company shall obtain and furnish to the Secured Party from
time to time, upon demand, such releases and/or subordinations of
claims and liens which may be required to maintain the priority
of the Security Interest hereunder.

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

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

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<PAGE>

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

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

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

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

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

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

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

     4.   Defaults.  The following events shall be "Events of
          --------
Default":

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

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

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<PAGE>

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

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

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

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

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

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

     7.   Applications of Proceeds.  The proceeds of any such sale,
          ------------------------
lease or other disposition of the Collateral hereunder shall be
applied first, to the expenses of retaking, holding, storing,
processing and preparing for sale, selling, and the like
(including, without limitation, any taxes, fees and other costs
incurred in connection therewith) of the Collateral, to the

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<PAGE>

reasonable attorneys' fees and expenses incurred by the Secured
Party in enforcing its rights hereunder and in connection with
collecting, storing and disposing of the Collateral, and then to
satisfaction of the Obligations, and to the payment of any other
amounts required by applicable law, after which the Secured Party
shall pay to the Company any surplus proceeds.  If, upon the
sale, license or other disposition of the Collateral, the
proceeds thereof are insufficient to pay all amounts to which the
Secured Party is legally entitled, the Company will be liable for
the deficiency, together with interest thereon, at the rate of
15% per annum (the "Default Rate"), and the reasonable fees of
any attorneys employed by the Secured Party to collect such
deficiency.  To the extent permitted by applicable law, the
Company waives all claims, damages and demands against the
Secured Party arising out of the repossession, removal, retention
or sale of the Collateral, unless due to the gross negligence or
willful misconduct of the Secured Party.

     8.   Costs and Expenses. The Company agrees to pay all out-of-
          ------------------
pocket fees, costs and expenses incurred in connection with any
filing required hereunder, including without limitation, any
financing statements, continuation statements, partial releases
and/or termination statements related thereto or any expenses of
any searches reasonably required by the Secured Party.  The
Company shall also pay all other claims and charges which in the
reasonable opinion of the Secured Party might prejudice, imperil
or otherwise affect the Collateral or the Security Interest
therein.  The Company will also, upon demand, pay to the Secured
Party the amount of any and all reasonable expenses, including
the reasonable fees and expenses of its counsel and of any
experts and agents, which the Secured Party may incur in
connection with (i) the enforcement of this Agreement, (ii) the
custody or preservation of, or the sale of, collection from, or
other realization upon, any of the Collateral, or (iii) the
exercise or enforcement of any of the rights of the Secured Party
under the Notes.  Until so paid, any fees payable hereunder shall
be added to the principal amount of the Notes and shall bear
interest at the Default Rate.

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

     10.  Security Interest Absolute.  All rights of the Secured Party
          --------------------------
and all Obligations of the Company hereunder, shall be absolute
and unconditional, irrespective of: (a) any lack of validity or
enforceability of this Agreement, the Notes, the Warrants or any
agreement entered into in connection with the foregoing, or any
portion hereof or thereof; (b) any change in the time, manner or
place of payment or performance of, or in any other term of, all
or any of the Obligations, or any other amendment or waiver of or
any consent to any departure from the Notes, the Warrants or any
other agreement entered into in connection with the foregoing;
(c)  any exchange, release or nonperfection of any of the
Collateral, or any release or amendment or waiver of or consent
to departure from any other collateral for, or any guaranty, or
any other security, for all or any of the Obligations; (d) any
action by the Secured Party to obtain, adjust, settle and cancel
in its sole discretion any insurance claims or matters made or
arising in connection with the Collateral; or (e) any other
circumstance which might otherwise constitute any legal or
equitable defense available to the Company, or a discharge of all
or any part of the Security Interest granted hereby.  Until the
Obligations shall have been paid and performed in full, the
rights of the Secured Party shall continue even if the
Obligations are barred for any reason, including, without
limitation, the running of the statute of limitations or

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bankruptcy.  The Company expressly waives presentment, protest,
notice of protest, demand, notice of nonpayment and demand for
performance.  In the event that at any time any transfer of any
Collateral or any payment received by the Secured Party hereunder
shall be deemed by final order of a court of competent
jurisdiction to have been a voidable preference or fraudulent
conveyance under the bankruptcy or insolvency laws of the United
States, or shall be deemed to be otherwise due to any party other
than the Secured Party, then, in any such event, the Company's
obligations hereunder shall survive cancellation of this
Agreement, and shall not be discharged or satisfied by any prior
payment thereof and/or cancellation of this Agreement, but shall
remain a valid and binding obligation enforceable in accordance
with the terms and provisions hereof.  The Company waives all
right to require the Secured Party to proceed against any other
person or to apply any Collateral which the Secured Party may
hold at any time, or to marshal assets, or to pursue any other
remedy.  The Company waives any defense arising by reason of the
application of the statute of limitations to any obligation
secured hereby.

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

     12.  Power of Attorney; Further Assurances.
          -------------------------------------

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

         (b)  On a continuing basis, the Company will make, execute,
acknowledge, deliver, file and record, as the case may be, in the
proper filing and recording places in any jurisdiction,
including, without limitation, the jurisdictions indicated on
Schedule B, attached hereto, all such instruments, and take all
such action as may reasonably be deemed necessary or advisable,

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<PAGE>

or as reasonably requested by the Secured Party, to perfect the
Security Interest granted hereunder and otherwise to carry out
the intent and purposes of this Agreement, or for assuring and
confirming to the Secured Party the grant or perfection of a
security interest in all the Collateral.

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

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

If to the Company:       Med Gen, Inc.
                         7284 W. Palmetto Road, Suite 207
                         Boca Raton, FL 33433
                         Attention: Chief Executive Officer
                         Facsimile: (561) 750-4623

With a copy to:          Law Office of Stewart A. Merkin
                         444 Brickell Avenue, Suite 300
                         Miami, FL 33131
                         Attention: Stewart A. Merkin, Esq.
                         Telephone: (305) 357-5556
                         Facsimile:   (305) 358-2490

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<PAGE>

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

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

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

     15.  Miscellaneous.
          -------------

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

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

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

          (d)  In the event that any provision of this Agreement is
held to be invalid, prohibited or unenforceable in any jurisdiction
for any reason, unless such provision is narrowed by judicial
construction, this Agreement shall, as to such jurisdiction, be
construed as if such invalid, prohibited or unenforceable
provision had been more narrowly drawn so as not to be invalid,
prohibited or unenforceable.  If, notwithstanding the foregoing,

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any provision of this Agreement is held to be invalid, prohibited
or unenforceable in any jurisdiction, such provision, as to such
jurisdiction, shall be ineffective to the extent of such
invalidity, prohibition or unenforceability without invalidating
the remaining portion of such provision or the other provisions
of this Agreement and without affecting the validity or
enforceability of such provision or the other provisions of this
Agreement in any other jurisdiction.

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

          (f)  This Agreement shall be binding upon and inure to the
benefit of each party hereto and its successors and assigns.
(g)  Each party shall take such further action and execute and
deliver such further documents as may be necessary or appropriate
in order to carry out the provisions and purposes of this
Agreement.

         (h)  This Agreement shall be construed in accordance with
the laws of the State of New York, except to the extent the validity,
perfection or enforcement of a security interest hereunder in
respect of any particular Collateral which are governed by a
jurisdiction other than the State of New York in which case such
law shall govern.  Each of the parties hereto irrevocably submit
to the exclusive jurisdiction of any New York State or United
States Federal court sitting in Manhattan county over any action
or proceeding arising out of or relating to this Agreement, and
the parties hereto hereby irrevocably agree that all claims in
respect of such action or proceeding may be heard and determined
in such New York State or Federal court.  The parties hereto
agree that a final judgment in any such action or proceeding
shall be conclusive and may be enforced in other jurisdictions by
suit on the judgment or in any other manner provided by law.  The
parties hereto further waive any objection to venue in the State
of New York and any objection to an action or proceeding in the
State of New York on the basis of forum non conveniens.

         (i)  EACH PARTY HERETO HEREBY AGREES TO WAIVE ITS RESPECTIVE
RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON
OR ARISING OUT OF THIS AGREEMENT.  THE SCOPE OF THIS WAIVER IS
INTENDED TO BE ALL ENCOMPASSING OF ANY DISPUTES THAT MAY BE FILED
IN ANY COURT AND THAT RELATE TO THE SUBJECT MATER OF THIS
AGREEMENT, INCLUDING WITHOUT LIMITATION CONTRACT CLAIMS, TORT
CLAIMS, BREACH OF DUTY CLAIMS AND ALL OTHER COMMON LAW AND
STATUTORY CLAIMS.  EACH PARTY HERETO ACKNOWLEDGES THAT THIS
WAIVER IS A MATERIAL INDUCEMENT FOR EACH PARTY TO ENTER INTO A
BUSINESS RELATIONSHIP, THAT EACH PARTY HAS ALREADY RELIED ON THIS
WAIVER IN ENTERING INTO THIS AGREEMENT AND THAT EACH PARTY WILL
CONTINUE TO RELY ON THIS WAIVER IN THEIR RELATED FUTURE DEALINGS.
EACH PARTY FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED
THIS WAIVER WITH ITS LEGAL COUNSEL, AND THAT SUCH PARTY HAS
KNOWINGLY AND VOLUNTARILY WAIVES ITS RIGHTS TO A JURY TRIAL

                                11
<PAGE>

FOLLOWING SUCH CONSULTATION.  THIS WAIVER IS IRREVOCABLE, MEANING
THAT, NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, IT MAY NOT
BE MODIFIED EITHER ORALLY OR IN WRITING, AND THIS WAIVER SHALL
APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS AND SUPPLEMENTS OR
MODIFICATIONS TO THIS AGREEMENT.  IN THE EVENT OF A LITIGATION,
THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY
THE COURT.

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

          [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                12
<PAGE>

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

                         MED GEN, INC.

                         By:
                            _____________________________________
                            Paul B. Kravitz
                            Chairman and Chief Executive Officer

                         AJW PARTNERS, LLC
                         By: SMS Group, LLC

                         By:
                            ____________________________________
                            _
                            Corey S. Ribotsky
                            Manager

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

                         By:
                            ____________________________________
                            _
                            Corey S. Ribotsky
                            Manager

                         AJW QUALIFIED PARTNERS, LLC
                         By:  AJW Manager, LLC

                         By:
                            ____________________________________
                            _
                            Corey S. Ribotsky
                            Manager

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

                         By:
                            ____________________________________
                            _
                            Corey S. Ribotsky
                            Manager

                                13
<PAGE>

                           SCHEDULE A
                           ----------

Principal Place of Business of the Company:
------------------------------------------

Locations Where Collateral is Located or Stored:
-----------------------------------------------

List of Subsidiaries of the Company:
-----------------------------------

                                14
<PAGE>

                           SCHEDULE B
                           ----------
Jurisdictions:
-------------

                                15
<PAGE>[EXHIBIT 10.9]

     THIS WARRANT AND THE SHARES ISSUABLE UPON THE EXERCISE
     OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE
     SECURITIES ACT OF 1933, AS AMENDED.  EXCEPT AS
     OTHERWISE SET FORTH HEREIN OR IN A SECURITIES PURCHASE
     AGREEMENT DATED AS OF MARCH 30, 2005, NEITHER THIS
     WARRANT NOR ANY OF SUCH SHARES MAY BE SOLD, TRANSFERRED
     OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
     STATEMENT FOR SUCH SECURITIES UNDER SAID ACT OR, AN
     OPINION OF COUNSEL, IN FORM, SUBSTANCE AND SCOPE,
     CUSTOMARY FOR OPINIONS OF COUNSEL IN COMPARABLE
     TRANSACTIONS, THAT REGISTRATION IS NOT REQUIRED UNDER
     SUCH ACT OR UNLESS SOLD PURSUANT TO RULE 144 OR
     REGULATION S UNDER SUCH ACT.

                                                       Right to
                                                       Purchase
                                                       118,400
                                                       Shares of
                                                       Common
                                                       Stock, par
                                                       value
                                                       $.001 per
                                                       share

                     STOCK PURCHASE WARRANT

     THIS CERTIFIES THAT, for value received, AJW PARTNERS, LLC
or its registered assigns, is entitled to purchase from Med Gen,
Inc., a Nevada corporation (the "Company"), at any time or from
time to time during the period specified in Paragraph 2 hereof,
ONE HUNDRED AND EIGHTEEN THOUSAND FOUR HUNDRED (118,400) fully
paid and nonassessable shares of the Company's Common Stock, par
value $.001 per share (the "Common Stock"), at an exercise price
per share equal to $.085 (the "Exercise Price").  The term
"Warrant Shares," as used herein, refers to the shares of Common
Stock purchasable hereunder.  The Warrant Shares and the Exercise
Price are subject to adjustment as provided in Paragraph 4
hereof.  The term "Warrants" means this Warrant and the other
warrants issued pursuant to that certain Securities Purchase
Agreement, dated March 30, 2005, by and among the Company and the
Buyers listed on the execution page thereof (the "Securities
Purchase Agreement"), including any additional warrants issuable
pursuant to Section 4(l) thereof.

     This Warrant is subject to the following terms, provisions,
and conditions:

     1.   Manner of Exercise; Issuance of Certificates; Payment for
          ---------------------------------------------------------
Shares.
------

Subject to the provisions hereof, this Warrant may be exercised by the
holder hereof, in whole or in part, by the surrender of this
Warrant, together with a completed exercise agreement in the form
attached hereto (the "Exercise Agreement"), to the Company during

<PAGE>

normal business hours on any business day at the Company's
principal executive offices (or such other office or agency of
the Company as it may designate by notice to the holder hereof),
and upon (i) payment to the Company in cash, by certified or offi
cial bank check or by wire transfer for the account of the
Company of the Exercise Price for the Warrant Shares specified in
the Exercise Agreement or (ii) if the resale of the Warrant
Shares by the holder is not then registered pursuant to an
effective registration statement under the Securities Act of
1933, as amended (the "Securities Act"), delivery to the Company
of a written notice of an election to effect a "Cashless
Exercise" (as defined in Section 11(c) below) for the Warrant
Shares specified in the Exercise Agreement.  The Warrant Shares
so purchased shall be deemed to be issued to the holder hereof or
such holder's designee, as the record owner of such shares, as of
the close of business on the date on which this Warrant shall
have been surrendered, the completed Exercise Agreement shall
have been delivered, and payment shall have been made for such
shares as set forth above.  Certificates for the Warrant Shares
so purchased, representing the aggregate number of shares
specified in the Exercise Agreement, shall be delivered to the
holder hereof within a reasonable time, not exceeding three (3)
business days, after this Warrant shall have been so exercised.
The certificates so delivered shall be in such denominations as
may be requested by the holder hereof and shall be registered in
the name of such holder or such other name as shall be designated
by such holder.  If this Warrant shall have been exercised only
in part, then, unless this Warrant has expired, the Company
shall, at its expense, at the time of delivery of such
certificates, deliver to the holder a new Warrant representing
the number of shares with respect to which this Warrant shall not
then have been exercised.  In addition to all other available
remedies at law or in equity, if the Company fails to deliver
certificates for the Warrant Shares within three (3) business
days after this Warrant is exercised, then the Company shall pay
to the holder in cash a penalty (the "Penalty") equal to 2% of
the number of Warrant Shares that the holder is entitled to
multiplied by the Market Price (as hereinafter defined) for each
day that the Company fails to deliver certificates for the
Warrant Shares.  For example, if the holder is entitled to
100,000 Warrant Shares and the Market Price is $2.00, then the
Company shall pay to the holder $4,000 for each day that the
Company fails to deliver certificates for the Warrant Shares.
The Penalty shall be paid to the holder by the fifth day of the
month following the month in which it has accrued.

          Notwithstanding anything in this Warrant to the
contrary, in no event shall the holder of this Warrant be
entitled to exercise a number of Warrants (or portions thereof)
in excess of the number of Warrants (or portions thereof) upon
exercise of which the sum of (i) the number of shares of Common
Stock beneficially owned by the holder and its affiliates (other
than shares of Common Stock which may be deemed beneficially
owned through the ownership of the unexercised Warrants and the
unexercised or unconverted portion of any other securities of the
Company (including the Notes (as defined in the Securities
Purchase Agreement)) subject to a limitation on conversion or
exercise analogous to the limitation contained herein) and (ii)
the number of shares of Common Stock issuable upon exercise of
the Warrants (or portions thereof) with respect to which the
determination described herein is being made, would result in
beneficial ownership by the holder and its affiliates of more
than 4.9% of the outstanding shares of Common Stock.  For
purposes of the immediately preceding sentence, beneficial
ownership shall be determined in accordance with Section 13(d) of
the Securities Exchange Act of 1934, as amended, and Regulation
13D-G thereunder, except as otherwise provided in clause (i) of
the preceding sentence.  Notwithstanding anything to the contrary
contained herein, the limitation on exercise of this Warrant set
forth herein may not be amended without (i) the written consent
of the holder hereof and the Company and (ii) the approval of a
majority of shareholders of the Company.

                            -2-

<PAGE>

     2.   Period of Exercise.
          ------------------

   This Warrant is exercisable at any time or from time to time on or
after the date on which this Warrant is issued and delivered
pursuant to the terms of the Securities Purchase Agreement and
before 6:00 p.m., New York, New York time on the fifth (5th)
anniversary of the date of issuance (the "Exercise Period").

     3.   Certain Agreements of the Company.
          ---------------------------------

  The Company hereby covenants and agrees as follows:

          (a)  Shares to be Fully Paid.  All Warrant Shares will, upon
               -----------------------
issuance in accordance with the terms of this Warrant, be validly
issued, fully paid, and nonassessable and free from all taxes,
liens, and charges with respect to the issue thereof.

          (b)  Reservation of Shares.  During the Exercise Period, the
               ---------------------
Company shall at all times have authorized, and reserved for the
purpose of issuance upon exercise of this Warrant, a sufficient
number of shares of Common Stock to provide for the exercise of
this Warrant.

          (c)  Listing.  The Company shall promptly secure the listing
               -------
of the shares of Common Stock issuable upon exercise of the Warrant
upon each national securities exchange or automated quotation
system, if any, upon which shares of Common Stock are then listed
(subject to official notice of issuance upon exercise of this
Warrant) and shall maintain, so long as any other shares of
Common Stock shall be so listed, such listing of all shares of
Common Stock from time to time issuable upon the exercise of this
Warrant; and the Company shall so list on each national
securities exchange or automated quotation system, as the case
may be, and shall maintain such listing of, any other shares of
capital stock of the Company issuable upon the exercise of this
Warrant if and so long as any shares of the same class shall be
listed on such national securities exchange or automated
quotation system.

          (d)  Certain Actions Prohibited.  The Company will not, by
               --------------------------
amendment of its charter or through any reorganization, transfer
of assets, consolidation, merger, dissolution, issue or sale of
securities, or any other voluntary action, avoid or seek to avoid
the observance or performance of any of the terms to be observed
or performed by it hereunder, but will at all times in good faith
assist in the carrying out of all the provisions of this Warrant
and in the taking of all such action as may reasonably be
requested by the holder of this Warrant in order to protect the
exercise privilege of the holder of this Warrant against dilution
or other impairment, consistent with the tenor and purpose of
this Warrant.  Without limiting the generality of the foregoing,
the Company (i) will not increase the par value of any shares of
Common Stock receivable upon the exercise of this Warrant above
the Exercise Price then in effect, and (ii) will take all such
actions as may be necessary or appropriate in order that the
Company may validly and legally issue fully paid and
nonassessable shares of Common Stock upon the exercise of this
Warrant.

          (e)  Successors and Assigns.  This Warrant will be binding upon
               ----------------------
any entity succeeding to the Company by merger, consolidation, or
acquisition of all or substantially all the Company's assets.

     4.   Antidilution Provisions.
          -----------------------

During the Exercise Period, the Exercise Price and the number of
Warrant Shares shall be subject to adjustment from time to time
as provided in this Paragraph 4.

                            -3-

<PAGE>

     In the event that any adjustment of the Exercise Price as
required herein results in a fraction of a cent, such Exercise
Price shall be rounded up to the nearest cent.

          (a)  Adjustment of Exercise Price and Number of Shares upon
               ------------------------------------------------------
Issuance of Common Stock.  Except as otherwise provided in
------------------------
Paragraphs 4(c) and 4(e) hereof, if and whenever on or after the
date of issuance of this Warrant, the Company issues or sells, or
in accordance with Paragraph 4(b) hereof is deemed to have issued
or sold, any shares of Common Stock for no consideration or for a
consideration per share (before deduction of reasonable expenses
or commissions or underwriting discounts or allowances in
connection therewith) less than the Market Price on the date of
issuance (a "Dilutive Issuance"), then immediately upon the
Dilutive Issuance, the Exercise Price will be reduced to a price
determined by multiplying the Exercise Price in effect
immediately prior to the Dilutive Issuance by a fraction, (i) the
numerator of which is an amount equal to the sum of (x) the
number of shares of Common Stock actually outstanding immediately
prior to the Dilutive Issuance, plus (y) the quotient of the
aggregate consideration, calculated as set forth in Paragraph
4(b) hereof, received by the Company upon such Dilutive Issuance
divided by the Market Price in effect immediately prior to the
Dilutive Issuance, and (ii) the denominator of which is the total
number of shares of Common Stock Deemed Outstanding (as defined
below) immediately after the Dilutive Issuance.

          (b)  Effect on Exercise Price of Certain Events.  For purposes
               ------------------------------------------
of determining the adjusted Exercise Price under Paragraph 4(a)
hereof, the following will be applicable:

               (i)  Issuance of Rights or Options.  If the Company in
                    -----------------------------
any manner issues or grants any warrants, rights or options, whether or
not immediately exercisable, to subscribe for or to purchase Common
Stock or other securities convertible into or exchangeable for
Common Stock ("Convertible Securities") (such warrants, rights
and options to purchase Common Stock or Convertible Securities
are hereinafter referred to as "Options") and the price per share
for which Common Stock is issuable upon the exercise of such
Options is less than the Market Price on the date of issuance or
grant of such Options, then the maximum total number of shares of
Common Stock issuable upon the exercise of all such Options will,
as of the date of the issuance or grant of such Options, be
deemed to be outstanding and to have been issued and sold by the
Company for such price per share.  For purposes of the preceding
sentence, the "price per share for which Common Stock is issuable
upon the exercise of such Options" is determined by dividing (i)
the total amount, if any, received or receivable by the Company
as consideration for the issuance or granting of all such
Options, plus the minimum aggregate amount of additional
consideration, if any, payable to the Company upon the exercise
of all such Options, plus, in the case of Convertible Securities
issuable upon the exercise of such Options, the minimum aggregate
amount of additional consideration payable upon the conversion or
exchange thereof at the time such Convertible Securities first
become convertible or exchangeable, by (ii) the maximum total
number of shares of Common Stock issuable upon the exercise of
all such Options (assuming full conversion of Convertible
Securities, if applicable).  No further adjustment to the
Exercise Price will be made upon the actual issuance of such
Common Stock upon the exercise of such Options or upon the
conversion or exchange of Convertible Securities issuable upon
exercise of such Options.

               (ii) Issuance of Convertible Securities.  If the Company
                    ----------------------------------
in any manner issues or sells any Convertible Securities, whether or not
immediately convertible (other than where the same are issuable

                            -4-

<PAGE>

upon the exercise of Options) and the price per share for which
Common Stock is issuable upon such conversion or exchange is less
than the Market Price on the date of issuance, then the maximum
total number of shares of Common Stock issuable upon the
conversion or exchange of all such Convertible Securities will,
as of the date of the issuance of such Convertible Securities, be
deemed to be outstanding and to have been issued and sold by the
Company for such price per share.  For the purposes of the
preceding sentence, the "price per share for which Common Stock
is issuable upon such conversion or exchange" is determined by
dividing (i) the total amount, if any, received or receivable by
the Company as consideration for the issuance or sale of all such
Convertible Securities, plus the minimum aggregate amount of
additional consideration, if any, payable to the Company upon the
conversion or exchange thereof at the time such Convertible
Securities first become convertible or exchangeable, by (ii) the
maximum total number of shares of Common Stock issuable upon the
conversion or exchange of all such Convertible Securities.  No
further adjustment to the Exercise Price will be made upon the
actual issuance of such Common Stock upon conversion or exchange
of such Convertible Securities.

               (iii)  Change in Option Price or Conversion Rate.  If
                      -----------------------------------------
there is a change at any time in (i) the amount of additional
consideration payable to the Company upon the exercise of any
Options; (ii) the amount of additional consideration, if any,
payable to the Company upon the conversion or exchange of any
Convertible Securities; or (iii) the rate at which any
Convertible Securities are convertible into or exchangeable for
Common Stock (other than under or by reason of provisions
designed to protect against dilution), the Exercise Price in
effect at the time of such change will be readjusted to the
Exercise Price which would have been in effect at such time had
such Options or Convertible Securities still outstanding provided
for such changed additional consideration or changed conversion
rate, as the case may be, at the time initially granted, issued
or sold.

               (iv)  Treatment of Expired Options and Unexercised
                     --------------------------------------------
Convertible Securities.  If, in any case, the total number of shares
----------------------
of Common Stock issuable upon exercise of any Option or upon
conversion or exchange of any Convertible Securities is not, in
fact, issued and the rights to exercise such Option or to convert
or exchange such Convertible Securities shall have expired or
terminated, the Exercise Price then in effect will be readjusted
to the Exercise Price which would have been in effect at the time
of such expiration or termination had such Option or Convertible
Securities, to the extent outstanding immediately prior to such
expiration or termination (other than in respect of the actual
number of shares of Common Stock issued upon exercise or
conversion thereof), never been issued.

               (v)   Calculation of Consideration Received.  If any
                     -------------------------------------
Common Stock, Options or Convertible Securities are issued, granted or
sold for cash, the consideration received therefor for purposes of this
Warrant will be the amount received by the Company therefor,
before deduction of reasonable commissions, underwriting
discounts or allowances or other reasonable expenses paid or
incurred by the Company in connection with such issuance, grant
or sale.  In case any Common Stock, Options or Convertible
Securities are issued or sold for a consideration part or all of
which shall be other than cash, the amount of the consideration
other than cash received by the Company will be the fair value of
such consideration, except where such consideration consists of
securities, in which case the amount of consideration received by
the Company will be the Market Price thereof as of the date of
receipt.  In case any Common Stock, Options or Convertible
Securities are issued in connection with any acquisition, merger

                            -6-

<PAGE>

or consolidation in which the Company is the surviving
corporation, the amount of consideration therefor will be deemed
to be the fair value of such portion of the net assets and
business of the non-surviving corporation as is attributable to
such Common Stock, Options or Convertible Securities, as the case
may be.  The fair value of any consideration other than cash or
securities will be determined in good faith by the Board of
Directors of the Company.

               (vi) Exceptions to Adjustment of Exercise Price.  No
                    ------------------------------------------
adjustment to the Exercise Price will be made (i) upon the exercise of
any warrants, options or convertible securities granted, issued and
outstanding on the date of issuance of this Warrant; (ii) upon
the grant or exercise of any stock or options which may hereafter
be granted or exercised under any employee benefit plan, stock
option plan or restricted stock plan of the Company now existing
or to be implemented in the future, so long as the issuance of
such stock or options is approved by a majority of the
independent members of the Board of Directors of the Company or a
majority of the members of a committee of independent directors
established for such purpose; or (iii) upon the exercise of the
Warrants.

          (c)  Subdivision or Combination of Common Stock.  If the
               ------------------------------------------
Company at any time subdivides (by any stock split, stock dividend,
recapitalization, reorganization, reclassification or otherwise)
the shares of Common Stock acquirable hereunder into a greater
number of shares, then, after the date of record for effecting
such subdivision, the Exercise Price in effect immediately prior
to such subdivision will be proportionately reduced.  If the
Company at any time combines (by reverse stock split,
recapitalization, reorganization, reclassification or otherwise)
the shares of Common Stock acquirable hereunder into a smaller
number of shares, then, after the date of record for effecting
such combination, the Exercise Price in effect immediately prior
to such combination will be proportionately increased.

          (d)  Adjustment in Number of Shares.  Upon each adjustment of
               ------------------------------
the Exercise Price pursuant to the provisions of this Paragraph 4,
the number of shares of Common Stock issuable upon exercise of
this Warrant shall be adjusted by multiplying a number equal to
the Exercise Price in effect immediately prior to such adjustment
by the number of shares of Common Stock issuable upon exercise of
this Warrant immediately prior to such adjustment and dividing
the product so obtained by the adjusted Exercise Price.

          (e)  Consolidation, Merger or Sale.  In case of any
               -----------------------------
consolidation of the Company with, or merger of the Company into any
other corporation, or in case of any sale or conveyance of all or
substantially all of the assets of the Company other than in
connection with a plan of complete liquidation of the Company,
then as a condition of such consolidation, merger or sale or
conveyance, adequate provision will be made whereby the holder of
this Warrant will have the right to acquire and receive upon
exercise of this Warrant in lieu of the shares of Common Stock
immediately theretofore acquirable upon the exercise of this
Warrant, such shares of stock, securities or assets as may be
issued or payable with respect to or in exchange for the number
of shares of Common Stock immediately theretofore acquirable and
receivable upon exercise of this Warrant had such consolidation,
merger or sale or conveyance not taken place.  In any such case,
the Company will make appropriate provision to insure that the
provisions of this Paragraph 4 hereof will thereafter be
applicable as nearly as may be in relation to any shares of stock
or securities thereafter deliverable upon the exercise of this
Warrant.  The Company will not effect any consolidation, merger
or sale or conveyance unless prior to the consummation thereof,
the successor corporation (if other than the Company) assumes by

                            -6-

<PAGE>

written instrument the obligations under this Paragraph 4 and the
obligations to deliver to the holder of this Warrant such shares
of stock, securities or assets as, in accordance with the
foregoing provisions, the holder may be entitled to acquire.

          (f)  Distribution of Assets.  In case the Company shall
               ----------------------
declare or make any distribution of its assets (including cash) to
holders of Common Stock as a partial liquidating dividend, by way
of return of capital or otherwise, then, after the date of record
for determining shareholders entitled to such distribution, but
prior to the date of distribution, the holder of this Warrant
shall be entitled upon exercise of this Warrant for the purchase
of any or all of the shares of Common Stock subject hereto, to
receive the amount of such assets which would have been payable
to the holder had such holder been the holder of such shares of
Common Stock on the record date for the determination of
shareholders entitled to such distribution.

          (g)  Notice of Adjustment.  Upon the occurrence of any event
               --------------------
which requires any adjustment of the Exercise Price, then, and in
each such case, the Company shall give notice thereof to the
holder of this Warrant, which notice shall state the Exercise
Price resulting from such adjustment and the increase or decrease
in the number of Warrant Shares purchasable at such price upon
exercise, setting forth in reasonable detail the method of
calculation and the facts upon which such calculation is based.
Such calculation shall be certified by the Chief Financial
Officer of the Company.

          (h)   Minimum Adjustment of Exercise Price.  No adjustment of
                ------------------------------------
the Exercise Price shall be made in an amount of less than 1% of the
Exercise Price in effect at the time such adjustment is otherwise
required to be made, but any such lesser adjustment shall be
carried forward and shall be made at the time and together with
the next subsequent adjustment which, together with any
adjustments so carried forward, shall amount to not less than 1%
of such Exercise Price.

          (i)   No Fractional Shares.  No fractional shares of Common
                --------------------
Stock are to be issued upon the exercise of this Warrant, but the
Company shall pay a cash adjustment in respect of any fractional
share which would otherwise be issuable in an amount equal to the
same fraction of the Market Price of a share of Common Stock on
the date of such exercise.

          (j)  Other Notices.  In case at any time:
               -------------

               (i)  the Company shall declare any dividend upon the
Common Stock payable in shares of stock of any class or make any other
distribution (including dividends or distributions payable in
cash out of retained earnings) to the holders of the Common
Stock;

               (ii) the Company shall offer for subscription pro rata to
the holders of the Common Stock any additional shares of stock of any
class or other rights;

              (iii) there shall be any capital reorganization of the
Company, or reclassification of the Common Stock, or
consolidation or merger of the Company with or into, or sale of
all or substantially all its assets to, another corporation or
entity; or

               (iv) there shall be a voluntary or involuntary dissolution,
liquidation or winding up of the Company;

                            -7-

<PAGE>

then, in each such case, the Company shall give to the holder  of
this  Warrant  (a) notice of the date on which the books  of  the
Company  shall  close or a record shall be taken for  determining
the  holders  of Common Stock entitled to receive any  such  divi
dend, distribution, or subscription rights or for determining the
holders  of Common Stock entitled to vote in respect of any  such
reorganization,  reclassification, consolidation,  merger,  sale,
dissolution, liquidation or winding-up and (b) in the case of any
such  reorganization,  reclassification,  consolidation,  merger,
sale, dissolution, liquidation or winding-up, notice of the  date
(or, if not then known, a reasonable approximation thereof by the
Company) when the same shall take place.  Such notice shall  also
specify  the date on which the holders of Common Stock  shall  be
entitled  to receive such dividend, distribution, or subscription
rights  or  to  exchange their Common Stock for  stock  or  other
securities  or property deliverable upon such reorganization,  re
classification,   consolidation,   merger,   sale,   dissolution,
liquidation,  or  winding-up, as the case may  be.   Such  notice
shall  be given at least 30 days prior to the record date or  the
date  on which the Company's books are closed in respect thereto.
Failure  to give any such notice or any defect therein shall  not
affect  the  validity of the proceedings referred to  in  clauses
(i), (ii), (iii) and (iv) above.

          (k)  Certain Events.  If any event occurs of the type
               --------------
contemplated by the adjustment provisions of this Paragraph 4 but
not expressly provided for by such provisions, the Company will
give notice of such event as provided in Paragraph 4(g) hereof,
and the Company's Board of Directors will make an appropriate
adjustment in the Exercise Price and the number of shares of
Common Stock acquirable upon exercise of this Warrant so that the
rights of the holder shall be neither enhanced nor diminished by
such event.

          (l)  Certain Definitions.
               -------------------

               (i)  "Common Stock Deemed Outstanding" shall mean the
                     -------------------------------
number of shares of Common Stock actually outstanding (not including
shares of Common Stock held in the treasury of the Company), plus (x)
pursuant to Paragraph 4(b)(i) hereof, the maximum total number of
shares of Common Stock issuable upon the exercise of Options, as
of the date of such issuance or grant of such Options, if any,
and (y) pursuant to Paragraph 4(b)(ii) hereof, the maximum total
number of shares of Common Stock issuable upon conversion or
exchange of Convertible Securities, as of the date of issuance of
such Convertible Securities, if any.

               (ii) "Market Price," as of any date, (i) means the
                     ------------
average of the last reported sale prices for the shares of Common Stock
on the OTCBB for the five (5) Trading Days immediately preceding such
date as reported by Bloomberg, or (ii) if the OTCBB is not the
principal trading market for the shares of Common Stock, the
average of the last reported sale prices on the principal trading
market for the Common Stock during the same period as reported by
Bloomberg, or (iii) if market value cannot be calculated as of
such date on any of the foregoing bases, the Market Price shall
be the fair market value as reasonably determined in good faith
by (a) the Board of Directors of the Company or, at the option of
a majority-in-interest of the holders of the outstanding Warrants
by (b) an independent investment bank of nationally recognized
standing in the valuation of businesses similar to the business
of the corporation. The manner of determining the Market Price of
the Common Stock set forth in the foregoing definition shall
apply with respect to any other security in respect of which a
determination as to market value must be made hereunder.

                            -8-

<PAGE>

               (iii) "Common Stock," for purposes of this Paragraph 4,
                      ------------
includes the Common Stock, par value $.001 per share, and any
additional class of stock of the Company having no preference as
to dividends or distributions on liquidation, provided that the
shares purchasable pursuant to this Warrant shall include only
shares of Common Stock, par value $.001 per share, in respect of
which this Warrant is exercisable, or shares resulting from any
subdivision or combination of such Common Stock, or in the case
of any reorganization, reclassification, consolidation, merger,
or sale of the character referred to in Paragraph 4(e) hereof,
the stock or other securities or property provided for in such
Paragraph.

     5.   Issue Tax.
          ---------

  The issuance of certificates for Warrant Shares upon the exercise of
this Warrant shall be made without charge to the holder of this
Warrant or such shares for any issuance tax or other costs in
respect thereof, provided that the Company shall not be required
to pay any tax which may be payable in respect of any transfer
involved in the issuance and delivery of any certificate in a
name other than the holder of this Warrant.

     6.   No Rights or Liabilities as a Shareholder.
          -----------------------------------------

  This Warrant shall not entitle the holder hereof to any voting
rights or other rights as a shareholder of the Company.  No
provision of this Warrant, in the absence of affirmative action
by the holder hereof to purchase Warrant Shares, and no mere
enumeration herein of the rights or privileges of the holder
hereof, shall give rise to any liability of such holder for the
Exercise Price or as a shareholder of the Company, whether such
liability is asserted by the Company or by creditors of the
Company.

     7.   Transfer, Exchange, and Replacement of Warrant.
          ----------------------------------------------

          (a)  Restriction on Transfer.  This Warrant and the rights
               -----------------------
granted to the holder hereof are transferable, in whole or in
part, upon surrender of this Warrant, together with a properly
executed assignment in the form attached hereto, at the office or
agency of the Company referred to in Paragraph 7(e) below, pro
vided, however, that any transfer or assignment shall be subject
to the conditions set forth in Paragraph 7(f) hereof and to the
applicable provisions of the Securities Purchase Agreement.
Until due presentment for registration of transfer on the books
of the Company, the Company may treat the registered holder
hereof as the owner and holder hereof for all purposes, and the
Company shall not be affected by any notice to the contrary.
Notwithstanding anything to the contrary contained herein, the
registration rights described in Paragraph 8 are assignable only
in accordance with the provisions of that certain Registration
Rights Agreement, dated March 30, 2005, by and among the Company
and the other signatories thereto (the "Registration Rights
Agreement").

          (b)  Warrant Exchangeable for Different Denominations.  This
               ------------------------------------------------
Warrant is exchangeable, upon the surrender hereof by the holder
hereof at the office or agency of the Company referred to in
Paragraph 7(e) below, for new Warrants of like tenor representing
in the aggregate the right to purchase the number of shares of
Common Stock which may be purchased hereunder, each of such new
Warrants to represent the right to purchase such number of shares
as shall be designated by the holder hereof at the time of such
surrender.

          (c)  Replacement of Warrant.  Upon receipt of evidence
               ----------------------
reasonably satisfactory to the Company of the loss, theft, destruction,
or mutilation of this Warrant and, in the case of any such loss,
theft, or destruction, upon delivery of an indemnity agreement
reasonably satisfactory in form and amount to the Company, or, in
the case of any such mutilation, upon surrender and cancellation

                            -9-

<PAGE>

of this Warrant, the Company, at its expense, will execute and
deliver, in lieu thereof, a new Warrant of like tenor.

          (d)  Cancellation; Payment of Expenses.  Upon the surrender
               ---------------------------------
of this Warrant in connection with any transfer, exchange, or
replacement as provided in this Paragraph 7, this Warrant shall
be promptly canceled by the Company.  The Company shall pay all
taxes (other than securities transfer taxes) and all other
expenses (other than legal expenses, if any, incurred by the
holder or transferees) and charges payable in connection with the
preparation, execution, and delivery of Warrants pursuant to this
Paragraph 7.

          (e)  Register.  The Company shall maintain, at its principal
               --------
executive offices (or such other office or agency of the Company
as it may designate by notice to the holder hereof), a register
for this Warrant, in which the Company shall record the name and
address of the person in whose name this Warrant has been issued,
as well as the name and address of each transferee and each prior
owner of this Warrant.

          (f)  Exercise or Transfer Without Registration.  If, at the
               -----------------------------------------
time of the surrender of this Warrant in connection with any exercise,
transfer, or exchange of this Warrant, this Warrant (or, in the
case of any exercise, the Warrant Shares issuable hereunder),
shall not be registered under the Securities Act of 1933, as
amended (the "Securities Act") and under applicable state
securities or blue sky laws, the Company may require, as a
condition of allowing such exercise, transfer, or exchange, (i)
that the holder or transferee of this Warrant, as the case may
be, furnish to the Company a written opinion of counsel, which
opinion and counsel are acceptable to the Company, to the effect
that such exercise, transfer, or exchange may be made without
registration under said Act and under applicable state securities
or blue sky laws, (ii) that the holder or transferee execute and
deliver to the Company an investment letter in form and substance
acceptable to the Company and (iii) that the transferee be an
"accredited investor" as defined in Rule 501(a) promulgated under
the Securities Act; provided that no such opinion, letter or
status as an "accredited investor" shall be required in
connection with a transfer pursuant to Rule 144 under the
Securities Act.  The first holder of this Warrant, by taking and
holding the same, represents to the Company that such holder is
acquiring this Warrant for investment and not with a view to the
distribution thereof.

     8.   Registration Rights.
          -------------------

The initial holder of this Warrant (and certain assignees thereof) is
entitled to the benefit of such registration rights in respect of
the Warrant Shares as are set forth in Section 2 of the
Registration Rights Agreement.

     9.   Notices.
          -------

  All notices, requests, and other communications required or
permitted to be given or delivered hereunder to the holder of
this Warrant shall be in writing, and shall be personally
delivered, or shall be sent by certified or registered mail or by
recognized overnight mail courier, postage prepaid and addressed,
to such holder at the address shown for such holder on the books
of the Company, or at such other address as shall have been
furnished to the Company by notice from such holder.  All
notices, requests, and other communications required or permitted
to be given or delivered hereunder to the Company shall be in
writing, and shall be personally delivered, or shall be sent by
certified or registered mail or by recognized overnight mail
courier, postage prepaid and addressed, to the office of the
Company at 7284 Palmetto Park Road, Suite 207, Boca Raton, FL
33433, Attention: Chief Executive Officer, or at such other
address as shall have been furnished to the holder of this
Warrant by notice from the Company.  Any such notice, request, or

                            -10-

<PAGE>

other communication may be sent by facsimile, but shall in such
case be subsequently confirmed by a writing personally delivered
or sent by certified or registered mail or by recognized
overnight mail courier as provided above.  All notices, requests,
and other communications shall be deemed to have been given
either at the time of the receipt thereof by the person entitled
to receive such notice at the address of such person for purposes
of this Paragraph 9, or, if mailed by registered or certified
mail or with a recognized overnight mail courier upon deposit
with the United States Post Office or such overnight mail
courier, if postage is prepaid and the mailing is properly
addressed, as the case may be.

     10.  Governing Law.
          -------------

  THIS WARRANT SHALL BE ENFORCED, GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO
AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE,
WITHOUT REGARD TO THE PRINCIPLES OF CONFLICT OF LAWS.  THE
PARTIES HERETO HEREBY SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE
UNITED STATES FEDERAL COURTS LOCATED IN NEW YORK, NEW YORK WITH
RESPECT TO ANY DISPUTE ARISING UNDER THIS WARRANT, THE AGREEMENTS
ENTERED INTO IN CONNECTION HEREWITH OR THE TRANSACTIONS
CONTEMPLATED HEREBY OR THEREBY. BOTH PARTIES IRREVOCABLY WAIVE
THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH
SUIT OR PROCEEDING.  BOTH PARTIES FURTHER AGREE THAT SERVICE OF
PROCESS UPON A PARTY MAILED BY FIRST CLASS MAIL SHALL BE DEEMED
IN EVERY RESPECT EFFECTIVE SERVICE OF PROCESS UPON THE PARTY IN
ANY SUCH SUIT OR PROCEEDING.  NOTHING HEREIN SHALL AFFECT EITHER
PARTY'S RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY
LAW.  BOTH PARTIES AGREE THAT A FINAL NON-APPEALABLE JUDGMENT IN
ANY SUCH SUIT OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE
ENFORCED IN OTHER JURISDICTIONS BY SUIT ON SUCH JUDGMENT OR IN
ANY OTHER LAWFUL MANNER.  THE PARTY WHICH DOES NOT PREVAIL IN ANY
DISPUTE ARISING UNDER THIS WARRANT SHALL BE RESPONSIBLE FOR ALL
FEES AND EXPENSES, INCLUDING ATTORNEYS' FEES, INCURRED BY THE
PREVAILING PARTY IN CONNECTION WITH SUCH DISPUTE.

     11.  Miscellaneous.
          -------------

          (a)  Amendments.  This Warrant and any provision hereof may
               ----------
only be amended by an instrument in writing signed by the Company and
the holder hereof.

          (b)  Descriptive Headings.  The descriptive headings of the
               --------------------
several paragraphs of this Warrant are inserted for purposes of
reference only, and shall not affect the meaning or construction
of any of the provisions hereof.

          (c)  Cashless Exercise.  Notwithstanding anything to the
               -----------------
contrary contained in this Warrant, if the resale of the Warrant Shares
by the holder is not then registered pursuant to an effective
registration statement under the Securities Act, this Warrant may
be exercised by presentation and surrender of this Warrant to the
Company at its principal executive offices with a written notice
of the holder's intention to effect a cashless exercise,
including a calculation of the number of shares of Common Stock
to be issued upon such exercise in accordance with the terms
hereof (a "Cashless Exercise").  In the event of a Cashless

                            -11-

<PAGE>

Exercise, in lieu of paying the Exercise Price in cash, the
holder shall surrender this Warrant for that number of shares of
Common Stock determined by multiplying the number of Warrant
Shares to which it would otherwise be entitled by a fraction, the
numerator of which shall be the difference between the then
current Market Price per share of the Common Stock and the
Exercise Price,  and the denominator of which shall be the then
current Market Price per share of Common Stock.  For example, if
the holder is exercising 100,000 Warrants with a per Warrant
exercise price of $0.75 per share through a cashless exercise
when the Common Stock's current Market Price per share is $2.00
per share, then upon such Cashless Exercise the holder will
receive 62,500 shares of Common Stock.

          (d)  Remedies.  The Company acknowledges that a breach by
               --------
it of its obligations hereunder will cause irreparable harm to the
holder, by vitiating the intent and purpose of the transaction
contemplated hereby.  Accordingly, the Company acknowledges that
the remedy at law for a breach of its obligations under this
Warrant will be inadequate and agrees, in the event of a breach
or threatened breach by the Company of the provisions of this
Warrant, that the holder shall be entitled, in addition to all
other available remedies at law or in equity, and in addition to
the penalties assessable herein, to an injunction or injunctions
restraining, preventing or curing any breach of this Warrant and
to enforce specifically the terms and provisions thereof, without
the necessity of showing economic loss and without any bond or
other security being required.

          [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                            -12-

<PAGE>

          IN WITNESS WHEREOF, the Company has caused this Warrant
to be signed by its duly authorized officer.

                                MED GEN, INC.

                                By:
                                   _______________________________
                                   Paul B. Kravitz
                                   Chairman and Chief Executive
                                   Officer

Dated as of March 30, 2005

<PAGE>

                   FORM OF EXERCISE AGREEMENT

                                        Dated:  ________ __, 200_

To:  ______________________

     The undersigned, pursuant to the provisions set forth in the
within Warrant, hereby agrees to purchase ________ shares of
Common Stock covered by such Warrant, and makes payment herewith
in full therefor at the price per share provided by such Warrant
in cash or by certified or official bank check in the amount of,
or, if the resale of such Common Stock by the undersigned is not
currently registered pursuant to an effective registration
statement under the Securities Act of 1933, as amended, by
surrender of securities issued by the Company (including a
portion of the Warrant) having a market value (in the case of a
portion of this Warrant, determined in accordance with Section
11(c) of the Warrant) equal to $_________.  Please issue a
certificate or certificates for such shares of Common Stock in
the name of and pay any cash for any fractional share to:

                                   Name:
                                   ______________________________

                                   Signature:
                                   Address:______________________

                                   ______________________________

                                   Note:     The above signature
                                             should correspond
                                             exactly with the
                                             name on the face of
                                             the within Warrant,
                                             if applicable.

and,  if said number of shares of Common Stock shall not  be  all
the shares purchasable under the within Warrant, a new Warrant is
to be issued in the name of said undersigned covering the balance
of the shares purchasable thereunder less any fraction of a share
paid in cash.

<PAGE>

                       FORM OF ASSIGNMENT

     FOR  VALUE RECEIVED, the undersigned hereby sells,  assigns,
and  transfers all the rights of the undersigned under the within
Warrant,  with  respect to the number of shares of  Common  Stock
covered thereby set forth hereinbelow, to:

Name of Assignee              Address                No of Shares
----------------              -------                ------------

, and hereby irrevocably constitutes and appoints
___________________________________ as agent and attorney-in-fact
to transfer said Warrant on the books of the within-named
corporation, with full power of substitution in the premises.

Dated:    ________ __, 200_

In the presence of:
                              ______________________________

                              Name:_________________________

                              Signature:____________________
                              Title of Signing Officer or Agent
                              (if any):

                              ______________________________
                              Address:
                              ______________________________

                              ______________________________

                              Note:     The above signature
                                        should correspond exactly
                                        with the name on the face
                                        of the within Warrant, if
                                        applicable.

<PAGE>

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