Document:

Unassociated Document

     

    
      STOCK
        PURCHASE AGREEMENT

      

      THIS
        AGREEMENT (this
        “Agreement”), entered
        into as of the 22nd
        day of
        August, 2007, is made by and between Haim Perlstein and Chaim Limor
        (together,
        are referred to herein as the“Shareholders”),
        Best Care, Inc. (“Best Care”), and
        Cosell Investments, Ltd. (the
        “Buyer”).

      

      Whereas,
        the
        Shareholders desire to sell to the Buyer and the Buyer wishes to purchase
        and
        acquire from the Shareholders all of the Shareholders’ shares of BEST CARE’s
        shares of capital stock, representing 70.6% of the capital stock of BEST
        CARE,
        pursuant to the terms and conditions of this Agreement.

      

      Now,
        Therefore,
        in
        consideration of the representations, warranties and agreements set forth
        herein, the parties hereto hereby agree as follows:

      

      ARTICLE
        1

      DEFINITIONS
        AND INTERPRETATION

      

      1.1  Definitions.
        In this
        Agreement the following terms will have the following meanings:

      

      	(a)  	
              “Agreement”
                means this Stock Purchase Agreement;

            

      

      	(b)  	
              “Closing”
                means the completion, on the date hereof, of the transactions contemplated
                hereby in accordance with Article 7 hereof;

            

      

      	(c)  	
              “Place
                of Closing”
                means such place as the Buyer and BEST CARE may mutually agree
                upon;

            

      

      	(d)  	
              “BEST
                CARE Accounts Payable and Liabilities”
                means all accounts payable and liabilities of BEST CARE, on a consolidated
                basis, due and owing or otherwise constituting a binding obligation
                of
                BEST CARE (other than an BEST CARE Material Contract) as of August
                15,
                2007, as set forth is Schedule “A”
hereto;

            

      

      	(e)  	
              “BEST
                CARE Accounts Receivable”
                means all accounts receivable and other debts owing to BEST CARE,
                on a
                consolidated basis, as of August 15, 2007, as set forth in Schedule
“B”
                hereto;

            

      

      	(f)  	
              “BEST
                CARE Assets”
                means the undertaking and all the property and assets of the BEST
                CARE
                Business of every kind and description wheresoever situated including,
                without limitation, BEST CARE Equipment, BEST CARE Inventory, BEST
                CARE
                Material Contracts, BEST CARE Accounts Receivable, BEST CARE Cash,
                BEST
                CARE Intangible Assets and BEST CARE Goodwill, and all credit cards,
                charge cards and banking cards issued to BEST
                CARE;

            

      

      	(g)  	
              “BEST
                CARE Bank Accounts”
                means all of the bank accounts, lock boxes and safety deposit boxes
                of
                BEST CARE or relating to the BEST CARE Business as set forth in Schedule
                “C” hereto;

            

      

      	(h)  	
              “BEST
                CARE Business”
                means all aspects of any business conducted by BEST
                CARE;

            

      

      	(i)  	
              “BEST
                CARE Cash”
                means all cash on hand or on deposit to the credit of BEST CARE on
                the
                date hereof;

            

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

       

      	(j)  	
              “BEST
                CARE Common Shares”
                means the shares of common stock in the capital of BEST
                CARE;

            

      
        

        	(k)  	
                
                  “BEST
                    CARE Debt to Related Parties”
                    means the debts owed by BEST CARE to any affiliate, director
                    or officer of
                    BEST CARE as described in Schedule “D”
                    hereto;

                

              

         

      

      	(l)  	
              “BEST
                CARE Equipment”
                means all machinery, equipment, furniture, and furnishings used in
                the
                BEST CARE Business, including, without limitation, the items more
                particularly described in Schedule “E”
hereto;

            

      

      	(m)  	
              “BEST
                CARE Financial Statements”
                means, collectively, the audited consolidated financial statements
                of BEST
                CARE for the fiscal year ended December 31, 2006, and the unaudited
                consolidated financial statements of BEST CARE for the six month
                period
                ended June 30, 2007, true copies of which are attached as Schedule
“F”
                hereto;

            

      

      	(n)  	
              “BEST
                CARE Goodwill”
                means the goodwill of the BEST CARE Business including the right
                to all
                corporate, operating and trade names associated with the BEST CARE
                Business, or any variations of such names as part of or in connection
                with
                the BEST CARE Business, all books and records and other information
                relating to the BEST CARE Business, all necessary licenses and
                authorizations and any other rights used in connection with the BEST
                CARE
                Business;

            

      

      	(o)  	
              “BEST
                CARE Insurance Policies”
                means the public liability insurance and insurance against loss or
                damage
                to the BEST CARE Assets and the BEST CARE Business as described in
                Schedule “G” hereto;

            

      

      	(p)  	
              “BEST
                CARE Intangible Assets”
                means all of the intangible assets of BEST CARE, including, without
                limitation, BEST CARE Goodwill, all trademarks, logos, copyrights,
                designs, and other intellectual and industrial property of BEST
                CARE;

            

      

      	(q)  	
              “BEST
                CARE Inventory”
                means all inventory and supplies of the BEST CARE Business as of
                August
                15, 2007, as set forth in Schedule “H”
hereto;

            

      

      	(r)  	
              “BEST
                CARE Material Contracts”
                means the burden and benefit of and the right, title and interest
                of BEST
                CARE in, to and under all trade and non-trade contracts, engagements
                or
                commitments, whether written or oral, to which BEST CARE is entitled,
                whereunder BEST CARE is obligated to pay or entitled to receive the
                sum of
                $250 or more including, without limitation, any pension plans, profit
                sharing plans, bonus plans, loan agreements, security agreements,
                indemnities and guarantees, any agreements with employees, lessees,
                licensees, managers, accountants, suppliers, agents, distributors,
                officers, directors, attorneys or others which cannot be terminated
                without liability on not more than one month's notice, and those
                contracts
                listed in Schedule “I” hereto; and

            

      

      	(s)  	
              “Shares”
                shall mean the BEST CARE Common Shares to be sold to Buyer by BEST
                CARE
                hereunder.

            

      

      Any
        other
        terms defined within the text of this Agreement will have the meanings so
        ascribed to them.

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      1.2  Captions
        and Section Numbers.
        The
        headings and section references in this Agreement are for convenience of
        reference only and do not form a part of this Agreement and are not intended
        to
        interpret, define or limit the scope, extent or intent of this Agreement
        or any
        provision thereof.

      

      1.3  Section
        References and Schedules.
        Any
        reference to a particular “Article”, “section”, “paragraph”, “clause” or other
        subdivision is to the particular Article, section, clause or other subdivision
        of this Agreement and any reference to a Schedule by letter will mean the
        appropriate Schedule attached to this Agreement and by such reference the
        appropriate Schedule is incorporated into and made part of this Agreement.
        

      

      1.4  Severability
        of Clauses.
        If any
        part of this Agreement is declared or held to be invalid for any reason,
        such
        invalidity will not affect the validity of the remainder which will continue
        in
        full force and effect and be construed as if this Agreement had been executed
        without the invalid portion, and it is hereby declared the intention of the
        parties that this Agreement would have been executed without reference to
        any
        portion which may, for any reason, be hereafter declared or held to be
        invalid.

      

      ARTICLE
        2

      PURCHASE
        AND SALE

      

      2.1  Issuance
        of the Shares.
        Subject
        to all of the terms and conditions of this Agreement, the Shareholders do
        hereby
        sell, assign, transfer and convey to the Buyer, and the Buyer does hereby
        purchase and accept from the Shareholders, all of the Shares as set forth
        on
Exhibit
        A,
        free
        and clear of all encumbrances, liens, charges and claims, which Shares represent
        70.6% of the capital stock of BEST CARE.

      

      2.2  Purchase
        Price; Payment.The
        purchase price for the Shares is $332,033.33 (collectively the “Purchase
        Price”)
        and
        shall be paid by wire transfer of immediately available funds or bank or
        certified check in accordance with Exhibit
        A.
        The
        parties approve the distribution of the Purchase Price as set forth on
Exhibit
        A.

       

      ARTICLE
        3

      SHAREHOLDERS’
        REPRESENTATIONS AND WARRANTIES

      

      3.1  Representations
        and Warranties.
        The
        Shareholders and BEST CARE jointly and severally make the representations
        and
        warranties set forth below and intend and acknowledge that the Buyer will
        rely
        thereon in entering into this Agreement and in approving and completing the
        transactions contemplated hereby. Any schedules described in or contemplated
        by
        such representations and warranties shall be prepared both as of the date
        of
        this Agreement and as of the date of the Closing.

      

      The
        Shareholders

      

      	(a)  	
              Power
                and Capacity.
                Each Shareholder has the power, authority and capacity to enter into
                this
                Agreement and to consummate the transactions contemplated hereby.
                This
                Agreement constitutes each Shareholder’s valid, legal and binding
                obligation and is enforceable against such Shareholder in accordance
                with
                its terms, subject, however, as to enforcement, to bankruptcy, insolvency,
                fraudulent transfer, moratorium and similar laws of general applicability
                relating to or affecting creditors’
rights;

            

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

      BEST
        CARE - Corporate Status and Capacity

      

      	(b)  	
              Incorporation.
                BEST CARE is a corporation duly incorporated and validly subsisting
                under
                the laws of the State of Nevada, and is in good standing with the
                office
                of the Secretary of State for the State of
                Nevada;

            

      

      	(c)  	
              Carrying
                on Business.
                BEST CARE conducts the business as described in the SEC Documents.
                BEST
                CARE is not required to register or otherwise be qualified to carry
                on
                business in any foreign jurisdiction;

            

      

      	(d)  	
              Corporate
                Capacity.
                BEST CARE has the corporate power, capacity and authority to own
                the BEST
                CARE Assets;

            

      

      	(e)  	
              Reporting
                Status; Listing.
                BEST CARE is required to file current reports with the Securities
                and
                Exchange Commission pursuant to section 15(d) of the Securities Exchange
                Act of 1934, as amended (the “Exchange Act”) and BEST CARE’s Common Shares
                are quoted on the National Association of Securities Dealers, Inc.’s
                Over-the-Counter Bulletin Board System (the “OTC Bulletin Board”). BEST
                CARE has filed all reports required to be filed by it under the Exchange
                Act, including pursuant to Section 13(a) or 15(d) thereof, for the
                five
                years preceding the date hereof (or such shorter period as the BEST
                CARE
                was required by law to file such material) (the foregoing materials
                being
                collectively referred to herein as the “SEC Documents”) and is current
                with respect to its Exchange Act filing requirements.  As of their
                respective dates, the SEC Documents complied in all material respects
                with
                the requirements of the Securities Act of 1933, as amended (the
                “Securities Act”) and the Exchange Act and the rules and regulations of
                the Commission promulgated thereunder, and none of the SEC Documents,
                when
                filed, contained any untrue statement of a material fact or omitted
                to
                state a material fact required to be stated therein or necessary
                in order
                to make the statement therein, in light of the circumstances under
                which
                they were made, not misleading.  All material agreements to which
                BEST CARE is a party or to which the property or assets of BEST CARE
                are
                subject have been appropriately filed as exhibits to the SEC Documents
                as
                and to the extent required under the Exchange Act.  The financial
                statements of BEST CARE included in the SEC Documents comply in all
                material respects with applicable accounting requirements and the
                rules
                and regulations of the Commission with respect thereto as in effect
                at the
                time of filing, were prepared in accordance with GAAP applied on
                a
                consistent basis during the periods involved (except as may be indicated
                in the notes thereto, or, in the case of unaudited statements, as
                permitted by Form 10-QSB of the Commission), and fairly present in
                all
                material respects (subject in the case of unaudited statements, to
                normal,
                recurring audit adjustments) the financial position of BEST CARE
                as at the
                dates thereof and the results of its operations and cash flows for
                the
                periods then ended.  BEST CARE is not aware of any facts which would
                make BEST CARE’s Common Stock ineligible for quotation on the OTC Bulletin
                Board; 

            

       

      BEST
        CARE - Capitalization

      

      	(f)  	
              Authorized
                Capital.
                The authorized capital of BEST CARE consists of: (i) 100,000,000
                BEST CARE
                Common Shares, $0.001 par value, of which 4,250,000 BEST CARE Common
                Shares are presently issued and outstanding; and (ii) 5,000,000 shares
                of
                BEST CARE Preferred Stock, $0.001 par value, none of which are presently,
                nor have ever been issued and
                outstanding.

            

      

      	(g)  	
              No
                Option.
                No person, firm or corporation has any agreement, warrant or option
                or any
                right capable of becoming an agreement or option for the acquisition
                of
                BEST CARE Common Shares or for the purchase, subscription or issuance
                of
                any other securities of BEST CARE;

            

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      BEST
        CARE - Records and Financial Statements

      

      	(h)  	
              Charter
                Documents.
                The charter documents of BEST CARE have not been altered since its
                incorporation, except as filed in the record books of BEST
                CARE;

            

      

      	(i)  	
              Corporate
                Minute Books.
                The corporate minute books of BEST CARE is complete and each of the
                minutes contained therein accurately reflect the actions that were
                taken
                at a duly called and held meeting or by consent without a meeting.
                All
                actions by BEST CARE which required director or shareholder approval
                are
                reflected on the corporate minute books of BEST CARE. BEST CARE is
                not in
                violation or breach of, or in default with respect to, any term of
                their
                respective Certificates of Incorporation (or other charter documents)
                or
                by-laws.

            

      

      	(j)  	
              BEST
                CARE Financial Statements.
                The BEST CARE Financial Statements present fairly, in all material
                respects, the assets and liabilities (whether accrued, absolute,
                contingent or otherwise) of BEST CARE, on a consolidated basis, as
                of the
                respective dates thereof, and the sales and earnings of the BEST
                CARE
                Business during the periods covered thereby, in all material respects
                and
                have been prepared in substantial accordance with generally accepted
                accounting principles consistently
                applied;

            

      

      	(k)  	
              BEST
                CARE Accounts Payable and Liabilities.
                There are no liabilities, contingent or otherwise, of BEST CARE which
                are
                not disclosed in Schedule “A” hereto or reflected in the BEST CARE
                Financial Statements and BEST CARE has not guaranteed or agreed to
                guarantee any debt, liability or other obligation of any person,
                firm or
                corporation. Without limiting the generality of the foregoing, all
                accounts payable and liabilities of BEST CARE as of August 15, 2007
                are
                described in Schedule “A” hereto;

            

      

      	(l)  	
              BEST
                CARE Accounts Receivable.
                All the BEST CARE Accounts Receivable result from bona fide business
                transactions and services actually rendered without, to the knowledge
                and
                belief of BEST CARE, any claim by the obligor for set-off or
                counterclaim;

            

      

      	(m)  	
              BEST
                CARE Bank Accounts.
                All of the BEST CARE Bank Accounts, their location, numbers and the
                authorized signatories thereto are as set forth in Schedule “C”
                hereto;

            

      

      	(n)  	
              No
                Debt to Related Parties.
                Except as disclosed in Schedule “D” hereto, BEST CARE is, and on Closing
                will not be, indebted to any affiliate, director or officer of BEST
                CARE;

            

      

      	(o)  	
              No
                Related Party Debt to BEST CARE.
                No director or officer or affiliate of BEST CARE is now indebted
                to or
                under any financial obligation to BEST CARE on any account
                whatsoever;

            

      

      	(p)  	
              No
                Dividends.
                No dividends or other distributions on any shares in the capital
                of BEST
                CARE have been made, declared or authorized since the date of BEST
                CARE
                Financial Statements;

            

      

      	(q)  	
              No
                Payments.
                No payments of any kind have been made or authorized since the date
                of the
                BEST CARE Financial Statements to or on behalf of officers, directors,
                shareholders or employees of BEST CARE or under any management agreements
                with BEST CARE, except payments made in the ordinary course of business
                and at the regular rates of salary or other remuneration payable
                to
                them;

            

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

      	(r)  	
              No
                Pension Plans.
                There are no pension, profit sharing, group insurance or similar
                plans or
                other deferred compensation plans affecting BEST
                CARE;

            

      

      	(s)  	
              No
                Adverse Events.
                Since the date of the BEST CARE Financial
                Statements

            

      

      	(i)  	
              there
                has not been any adverse change in the financial position or condition
                of
                BEST CARE, its liabilities or the BEST CARE Assets or any damage,
                loss or
                other change in circumstances affecting BEST CARE, the BEST CARE
                Business
                or the BEST CARE Assets or BEST CARE’s right to carry on the BEST CARE
                Business, other than changes in the ordinary course of
                business,

            

      

      	(ii)  	
              there
                has not been any damage, destruction, loss or other event (whether
                or not
                covered by insurance) adversely affecting BEST CARE, the BEST CARE
                Business or the BEST CARE Assets,

            

      

      	(iii)  	
              there
                has not been any increase in the compensation payable or to become
                payable
                by BEST CARE to any of BEST CARE’s officers, employees or agents or any
                bonus, payment or arrangement made to or with any of
                them,

            

      

      	(iv)  	
              the
                BEST CARE Business has been and continues to be carried on in the
                ordinary
                course,

            

      

      	(v)  	
              BEST
                CARE has not waived or surrendered any right of material
                value,

            

      

      	(vi)  	
              BEST
                CARE has not discharged or satisfied or paid any lien or encumbrance
                or
                obligation or liability other than current liabilities in the ordinary
                course of business, and

            

      

      	(vii)  	
              no
                capital expenditures in excess of $250 individually or $500 in total
                have
                been authorized or made.

            

      

      BEST
        CARE - Income Tax Matters

      

      	(t)  	
              Tax
                Returns.
                All tax returns and reports of BEST CARE required by law to be filed
                have
                been filed and are true, complete and correct, and any taxes payable
                in
                accordance with any return filed by BEST CARE or in accordance with
                any
                notice of assessment or reassessment issued by any taxing authority
                have
                been so paid;

            

      

      	(u)  	
              Current
                Taxes.
                Adequate provisions have been made for taxes payable for the current
                period for which tax returns are not yet required to be filed and
                there
                are no agreements, waivers, or other arrangements providing for an
                extension of time with respect to the filing of any tax return by,
                or
                payment of, any tax, governmental charge or deficiency by BEST CARE.
                There
                are no contingent tax liabilities or any grounds which would prompt
                a
                reassessment including aggressive treatment of income and expenses
                in
                filing earlier tax returns;

            

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

      BEST
        CARE - Applicable Laws and Legal Matters

      

      	(v)  	
              Licenses.
                BEST CARE holds all licenses and permits as may be requisite for
                carrying
                on the BEST CARE Business in the manner in which it has heretofore
                been
                carried on, which licenses and permits have been maintained and continue
                to be in good standing except where the failure to obtain or maintain
                such
                licenses or permits would not have an adverse effect on the BEST
                CARE
                Business;

            

      

      	(w)  	
              Applicable
                Laws.
                BEST CARE has not been charged with or received notice of breach
                of any
                laws, ordinances, statutes, regulations, by-laws, orders or decrees
                to
                which they are subject or which apply to them the violation of which
                would
                have an adverse effect on the BEST CARE Business (greater than $250),
                and
                to BEST CARE’s knowledge, BEST CARE is not in breach of any laws,
                ordinances, statutes, regulations, bylaws, orders or decrees the
                contravention of which would result in an adverse impact on the BEST
                CARE
                Business;

            

      

      	(x)  	
              Pending
                or Threatened Litigation.
                There is no litigation or administrative or governmental proceeding
                pending or threatened against or relating to BEST CARE, the BEST
                CARE
                Business, or any of the BEST CARE Assets nor does BEST CARE have
                any
                knowledge after due investigation of any deliberate act or omission
                of
                BEST CARE that would form any basis for any such action or
                proceeding;

            

      

      	(y)  	
              No
                Bankruptcy.
                BEST CARE has not made any voluntary assignment or proposal under
                applicable laws relating to insolvency and bankruptcy and no bankruptcy
                petition has been filed or presented against BEST CARE and no order
                has
                been made or a resolution passed for the winding-up, dissolution
                or
                liquidation of BEST CARE; 

            

      

      	(z)  	
              Labor
                Matters.
                BEST CARE is not party to any collective agreement relating to the
                BEST
                CARE Business with any labor union or other association of employees
                and
                no part of the BEST CARE Business has been certified as a unit appropriate
                for collective bargaining or, to the best knowledge of BEST CARE,
                has made
                any attempt in that regard;

            

      

      	(aa)  	
              Finder's
                Fees.
                BEST CARE is not party to any agreement which provides for the payment
                of
                finder's fees, brokerage fees, commissions or other fees or amounts
                which
                are or may become payable to any third party in connection with the
                execution and delivery of this Agreement and the transactions contemplated
                herein;

            

      

      Execution
        and Performance of Agreement

      

      	(bb)  	
              Authorization
                and Enforceability.
                The completion of the transactions contemplated hereby, have been
                duly and
                validly authorized by all necessary corporate action on the part
                of BEST
                CARE;

            

      

      	(cc)  	
              No
                Violation or Breach.
                The execution and performance of this Agreement will
                not:

            

      

      	(i)  	
              violate
                the charter documents of BEST CARE or result in any breach of, or
                default
                under, any loan agreement, mortgage, deed of trust, or any other
                agreement
                to which BEST CARE is a party,

            

      

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

      

      	(ii)  	
              give
                any person any right to terminate or cancel any agreement including,
                without limitation, the BEST CARE Material Contracts, or any right
                or
                rights enjoyed by BEST CARE,

            

      

      	(iii)  	
              result
                in any alteration of BEST CARE’s obligations under any agreement to which
                BEST CARE is a party including, without limitation, the BEST CARE
                Material
                Contracts,

            

      

      	(iv)  	
              result
                in the creation or imposition of any lien, encumbrance or restriction
                of
                any nature whatsoever in favor of a third party upon or against the
                BEST
                CARE Assets,

            

      

      	(v)  	
              result
                in the imposition of any tax liability to BEST CARE relating to the
                BEST
                CARE Assets, or

            

      

      	(vi)  	
              violate
                any court order or decree to which BEST CARE is
                subject;

            

      

      BEST
        CARE Assets - Ownership and Condition

      

      	(dd)  	
              Business
                Assets.
                The BEST CARE Assets comprise all of the property and assets of the
                BEST
                CARE Business, and no other person, firm or corporation owns any
                assets
                used by BEST CARE in operating the BEST CARE Business, whether under
                a
                lease, rental agreement or other arrangement, other than as disclosed
                in
                Schedules “E” or “H” hereto;

            

      

      	(ee)  	
              Title.
                BEST CARE is the legal and beneficial owner of the BEST CARE Assets,
                free
                and clear of all mortgages, liens, charges, pledges, security interests,
                encumbrances or other claims whatsoever, save and except as disclosed
                in
                Schedules “E” or “H” hereto;

            

      

      	(ff)  	
              No
                Option.
                No person, firm or corporation has any agreement or option or a right
                capable of becoming an agreement for the purchase of any of the BEST
                CARE
                Assets;

            

      

      	(gg)  	
              BEST
                CARE Insurance Policies.
                BEST CARE does not maintain the public liability insurance and insurance
                against loss or damage to the BEST CARE Assets and the BEST CARE
                Business;

            

      

      	(hh)  	
              BEST
                CARE Material Contracts.
                The BEST CARE Material Contracts listed in Schedule “I” constitute all of
                the material contracts of BEST CARE;

            

      

      	(ii)  	
              No
                Default.
                There has not been any default in any obligation of BEST CARE or
                any other
                party to be performed under any of the BEST CARE Material Contracts,
                each
                of which is in good standing and in full force and effect and unamended
                (except as disclosed in Schedule “I” hereto), and BEST CARE is not aware
                of any default in the obligations of any other party to any of the
                BEST
                CARE Material Contracts;

            

      

      	(jj)  	
              No
                Compensation on Termination.
                There are no agreements, commitments or understandings relating to
                severance pay or separation allowances on termination of employment
                of any
                employee of BEST CARE. BEST CARE is not obliged to pay benefits or
                share
                profits with any employee after termination of employment except
                as
                required by law;

            

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

       

      BEST
        CARE Assets - BEST CARE Equipment

      

      	(kk)  	
              BEST
                CARE Equipment.
                The BEST CARE Equipment has been maintained in a manner consistent
                with
                that of a reasonably prudent owner and such equipment is in good
                working
                condition;

            

      

      BEST
        CARE Assets - BEST CARE Goodwill and Other Assets

      

      	(ll)  	
              BEST
                CARE Goodwill.
                BEST CARE does not carry on the BEST CARE Business under any other
                business or trade names. BEST CARE does not have any knowledge of
                any
                infringement by BEST CARE of any patent, trademarks, copyright or
                trade
                secret;

            

      

      BEST
        CARE Business

      

      	(mm)  	
              Maintenance
                of Business.
                Since the date of the BEST CARE Financial Statements, BEST CARE has
                not
                entered into any agreement or commitment except as disclosed
                herein;

            

      

      	(nn)  	
              Subsidiaries.
                BEST CARE does not own any subsidiaries and does not otherwise own,
                directly or indirectly, any shares or interest in any other corporation,
                partnership, joint venture or firm; and

            

      

      BEST
        CARE - Shares

      

      	(oo)  	
              Shares.
                The Shares when delivered to the Buyer shall be validly issued and
                outstanding as fully paid and non-assessable shares and the Shares
                shall
                be transferable upon the books of BEST CARE, in all cases subject
                to the
                provisions and restrictions of all applicable securities
                laws.

            

      

      3.2  Survival.
        The
        representations and warranties herein will be true at and as of the date
        hereof
        in all material respects. Notwithstanding the completion of the transactions
        contemplated hereby, the waiver of any condition contained herein (unless
        such
        waiver expressly releases a party from any such representation or warranty)
        or
        any investigation made by the Buyer, the representations and warranties made
        herein shall survive the Closing and be effective for a period of twelve
        months
        (12) months from the date hereof. 

      

      3.3  Indemnity.
        The
        Shareholders agree to jointly and severally indemnify and save harmless the
        Buyer from and against any and all claims, demands, actions, suits, proceedings,
        assessments, judgments, damages, costs, losses and expenses, including any
        payment made in good faith in settlement of any claim (subject to the right
        of
        the Shareholders to defend any such claim), resulting from the breach by
        them of
        any representation or warranty made under this Agreement or from any
        misrepresentation in or omission from any certificate or other instrument
        furnished or to be furnished by BEST CARE to the Buyer hereunder. 

      

      ARTICLE
        4

      REPRESENTATIONS
        AND WARRANTIES OF THE BUYER

      

      4.1  Representations
        and Warranties.
        The
        Buyer makes the representations and warranties set forth below and intend
        and
        acknowledge that BEST CARE and the Shareholders will rely thereon in entering
        into this Agreement and in approving and completing the transactions
        contemplated hereby. Any schedules described in or contemplated by such
        representations and warranties shall be prepared both as of the date of this
        Agreement and as of the date of the Closing.

      

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

      

      	(a)  	
              Power
                and Capacity.
                The Buyer has the power, authority and capacity to enter into this
                Agreement and to consummate the transactions contemplated hereby.
                This
                Agreement constitutes the Buyer’s valid, legal and binding obligation and
                is enforceable against it in accordance with its terms, subject,
                however,
                as to enforcement, to bankruptcy, insolvency, fraudulent transfer,
                moratorium and similar laws of general applicability relating to
                or
                affecting creditors’ rights and to general principles of equity,
                regardless of whether such enforceability is considered in equity
                or at
                law;

            

      

      	(b)  	
              No
                Conflict.
                Neither the execution and delivery of this Agreement by the Buyer,
                nor
                compliance with any of the provisions hereof, nor the consummation
                of the
                transactions contemplated hereby, will: (a)
                result in a default, or give rise to any right of termination,
                cancellation or acceleration, under any term, condition or provision
                of
                any contract or other instrument or obligation to which the
                Buyer
                is a party or by which its assets may be bound; or (b) violate any
                order,
                writ, injunction or decree applicable to the
                Buyer,
                or any of its properties or assets.

            

      

      	(c)  	
              Legal
                Proceedings, Etc. There
                is no legal, equitable, administrative or arbitration action, suit,
                proceeding or known investigation pending or threatened against or
                affecting the Buyer. There is no judgment, decree, injunction, rule
                or
                order of any court, governmental department, commission, agency,
                instrumentality or arbitrator outstanding against the Buyer and there
                is
                no basis for any action, suit, proceeding or investigation against
                the
                Buyer.

            

      

      4.2  Survival.
        The
        representations and warranties of the Buyer contained herein will be true
        at and
        as of Closing in all material respects as though such representations and
        warranties were made as of such time. Notwithstanding the completion of the
        transactions contemplated hereby, the waiver of any condition contained herein
        (unless such waiver expressly releases a party from any such representation
        or
        warranty) or any investigation made by the Shareholders, the representations
        and
        warranties of the Buyer made herein shall survive the Closing and be effective
        for a period of twelve (12) months from the date hereof. 

      

      4.3  Indemnity.
        The
        Buyer agrees to indemnify and save harmless BEST CARE and the Shareholders
        from
        and against any and all claims, demands, actions, suits, proceedings,
        assessments, judgments, damages, costs, losses and expenses, including any
        payment made in good faith in settlement of any claim (subject to the right
        of
        the Buyer to defend any such claim), resulting from the breach by any of
        them of
        any representation or warranty of such party made under this Agreement or
        from
        any misrepresentation in or omission from any certificate or other instrument
        furnished or to be furnished by the Buyer to the Shareholders
        hereunder.

      

      4.4  Escrow.
        $25,000
        of the Purchase Price has been placed in escrow (the “Escrow Proceeds”) with JPF
        Securities Law, LLC. Upon Closing of the transactions contemplated hereby,
        the
        Parties hereby authorize the release of the Escrow Proceeds as follows: $7,500
        to JPF Securities Law, LLC, and $17,500 to Haim Perlstein.

       

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

       

      ARTICLE
        5

      FURTHER
        COVENANTS

      

      5.1  Legend. The
        Buyer
        agrees to the imprinting of the following legend on any certificates
        representing the Shares: 

      

      “THESE
        SECURITIES HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION
        OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM
        REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES
        ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN
        EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO
        AN
        AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
        REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE
        SECURITIES LAWS. THESE SECURITIES ARE “RESTRICTED SECURITIES” WITHIN THE MEANING
        OF RULE 144(3) OF THE SECURITIES ACT AND MAY NOT BE RESOLD PUBLICLY UNDER
        RULE
        144 UNTIL CERTAIN HOLDING PERIOD REQUIREMENTS ARE MET.”

      

      5.2  Expenses
        of the Parties.
        Except
        as otherwise expressly provided in this Agreement, all expenses incurred
        by any
        party to this Agreement in the preparation, negotiation, authorization and
        consummation of this Agreement and the transactions contemplated hereby,
        including all fees and expenses of agents, representatives, counsel and
        accountants, shall be borne solely by the party incurring such expense(s),
        with
        the caveat that any expenses incurred by BEST CARE shall be paid prior to
        the
        Closing of the transactions contemplated hereby.

      

      5.3  Further
        Assurances.
        Each
        party shall cooperate with the other, take such further action and execute
        and
        deliver such further documents as may be reasonably requested by any other
        party
        in order to carry out the terms and purposes of this Agreement. 

      

      ARTICLE
        6

      CONDITIONS
        PRECEDENT

      

      6.1  Conditions
        Precedent in favor of BEST CARE and the Shareholders.
        The
        obligations of BEST CARE and the Shareholders to carry out the transactions
        contemplated hereby are subject to the fulfillment of each of the following
        conditions precedent on or before the Closing:

      

      	(a)  	
              all
                documents or copies of documents required to be executed and delivered
                to
                BEST CARE hereunder will have been so executed and
                delivered;

            

      

      	(b)  	
              all
                of the terms, covenants and conditions of this Agreement to be complied
                with or performed by the Buyer at or prior to the Closing will have
                been
                complied with or performed; and

            

      

      	(c)  	
              the
                transactions contemplated hereby shall have been approved by all
                other
                regulatory authorities having jurisdiction over the subject matter
                hereof,
                if any. 

            

      

      6.2  Waiver
        by BEST CARE and the Shareholders.
        The
        conditions precedent set out in the preceding section are inserted for the
        exclusive benefit of BEST CARE and the Shareholders and any such condition
        may
        be waived in whole or in part by BEST CARE or the Shareholders at or prior
        to
        Closing by delivering to the Buyer a written waiver to that effect signed
        by
        BEST CARE or the Shareholders, as the case may be. In the event that the
        conditions precedent set out in the preceding section are not satisfied on
        or
        before the Closing, the Shareholders shall be released from all obligations
        under this Agreement.

       

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

       

      6.3  Conditions
        Precedent in Favor of the Buyer.
        The
        obligation of the Buyer to carry out the transactions contemplated hereby
        is
        subject to the fulfillment of each of the following conditions precedent
        on or
        before the Closing:

      

      	(a)  	
              all
                documents or copies of documents required to be executed and delivered
                to
                the BEST CARE or the Shareholders hereunder will have been so executed
                and
                delivered;

            

      

      	(b)  	
              BEST
                CARE, its officers and directors and each Shareholder shall be current
                in
                their respective filing obligations with the Securities and Exchange
                Commission (it being understood that Schedule 13Ds and Forms 3 and
                4 may
                be required to be filed by such parties, as
                applicable);

            

      

      	(c)  	
              all
                of the terms, covenants and conditions of this Agreement to be complied
                with or performed by the Shareholders or BEST CARE at or prior to
                the
                Closing will have been complied with or
                performed;

            

      

      	(d)  	
              BEST
                CARE will have delivered the Shares, duly and validly issued, to
                the Buyer
                at the Closing;

            

      

      	(e)  	
              title
                to the Shares will be free and clear of all mortgages, liens, charges,
                pledges, security interests, encumbrances or other claims
                whatsoever;

            

      

      	(h)  	
              the
                transactions contemplated hereby shall have been approved by all
                other
                regulatory authorities having jurisdiction over the subject matter
                hereof,
                if any; 

            

      

      	(i)  	
              the
                completion of the transfer of all assets and liabilities of BEST
                CARE on
                or prior to the Closing will have been completed to the satisfaction
                of
                the Buyer, which transfer shall reflected in the schedules provided
                to the
                Buyer as of the date of the Closing; and 

            

      

      	(j)  	
              The
                Buyer shall have received from BEST CARE’s counsel a legal opinion in form
                and substance satisfactory to BEST CARE.

            

      

      6.4  Waiver
        by the Buyer.
        The
        conditions precedent set out in the preceding section are inserted for the
        exclusive benefit of the Buyer and any such condition may be waived in whole
        or
        in part by the Buyer at or prior to the Closing by delivering to BEST CARE
        and
        Shareholders a written waiver to that effect signed by the Buyer. In the
        event
        that the conditions precedent set out in the preceding section are not satisfied
        on or before the Closing the Buyer shall be released from all obligations
        under
        this Agreement.

      

      6.5  Confidentiality
        Notwithstanding any provision herein to the contrary, the parties hereto
        agree
        that the existence and terms of this Agreement are confidential and that
        if this
        Agreement is terminated pursuant to the preceding section the parties agree
        to
        return to one another any and all financial, technical and business documents
        delivered to the other party or parties in connection with the negotiation
        and
        execution of this Agreement and shall keep the terms of this Agreement and
        all
        information and documents received from the other party and the contents
        thereof
        confidential and not utilize nor reveal or release same, provided, however,
        that
        BEST CARE will be required to file a Current Report on Form 8-K with the
        Securities and Exchange Commission respecting the proposed transaction
        contemplated hereby together with such other documents as are required to
        maintain BEST CARE’s status as being current in all of its filings with the
        Securities and Exchange Commission, subject to the review and approval of
        the
        Buyer of any and all copy and/or documents drafted by BEST CARE.

       

      
        
          
          

        

        
          12

          
            

          

        

        
          
          

        

      

       

      ARTICLE
        7

      CLOSING

      

      7.1  Closing.
        The sale
        of the Shares and the other transactions contemplated by this Agreement will
        be
        closed at the Place of Closing in accordance with the closing procedure set
        out
        in this Article.

      

      7.2  Closing
        Deliveries of the Buyer. On
        or
        before the Closing, the Buyer will deliver or cause to be delivered to the
        Shareholders:

      

      	(a)  	
              this
                Agreement, duly executed by the Buyer;

            

      

      	(b)  	
              the
                Purchase Price

            

      

      	(c)  	
              all
                reasonable consents or approvals required to be obtained by the Buyer
                for
                the purposes of completing the transaction contemplated herein and
                preserving and maintaining the interests of the Buyer;
                and

            

      

      	(d)  	
              such
                other documents as BEST CARE may reasonably require to give effect
                to the
                terms and intention of this Agreement.

            

      

      7.3  Closing
        Deliveries of BEST CARE and
        Shareholders.
        On or
        before the Closing, BEST CARE and the Shareholders shall deliver or cause
        to be
        delivered to the Buyer:

      

      	(a)  	
              this
                Agreement, duly executed by the
                Shareholders;

            

      

      	(b)  	
              share
                certificates representing the Shares;

            

      

      	(c)  	
              resignations
                of all of the officers of BEST CARE as of the date
                hereof;

            

      

      	(d)  	
              updated
                schedules of BEST CARE and the Shareholders, dated as of the date
                of the
                Closing;

            

      

      	(e)  	
              a
                certified copy of a resolution of the directors of BEST CARE dated
                as of
                the date hereof appointing the nominees of the Buyer as officers
                of the
                Buyer;

            

      

      	(f)  	
              a
                certified copy of a resolution of the directors of BEST CARE dated
                as of
                the date hereof appointing Jing Jiang to the board of directors of
                BEST
                CARE effective as of ten days after the delivery to the shareholders
                of
                the BEST CARE of an Information Statement pursuant to Rule
                14f;

            

      

      	(g)  	
              resignation
                Haim Perlstein as a director of BEST CARE, effective as of ten days
                after
                the delivery to the shareholders of the BEST CARE of an Information
                Statement pursuant to Rule 14f;

            

      

      	(h)  	
              resignations
                of all directors other than Haim Perlstein, as directors of BEST
                CARE
                dated as of the date hereof;

            

      

      	(i)  	
              resignations
                of all officers other than Haim Perlstein, as officers of BEST CARE
                dated
                as of the date hereof

            

      

      	(j)  	
              all
                reasonable consents or approvals required to be obtained by the Buyer
                for
                the purposes of completing the transaction contemplated herein and
                preserving and maintaining the interests of the Buyer;
                

            

      

      	(k)  	
              the
                legal opinion of BEST CARE’s counsel referred to in Section 6.3(j);
                

            

       

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

       

      	(l)  	
              Certificate
                of Good Standing from the State of Nevada, evidencing that BEST CARE
                is in
                good standing with the State of Nevada as of a date within five business
                days of the closing; and

            

      

      	(m)  	
              such
                other documents as the Buyer may reasonably require to give effect
                to the
                terms and intention of this Agreement.

            

      

      ARTICLE
        8

      POST-CLOSING
        MATTERS

      

      Forthwith
        after the Closing, the Buyer and the Shareholders agree to use all their
        best
        efforts to:

      

      	(a)  	
              file
                with the Securities and Exchange Commission a report on Form 14f1
                disclosing the change in control of BEST CARE and, 10 days after
                such
                filing, date the resolutions appointing to the board of directors
                of BEST
                CARE Jing Jiang, and forthwith date and accept the resignation of
                Haim
                Perlstein as a director of BEST CARE;

            

      

      	(b)  	
              file
                a Form 8-K with the Securities and Exchange Commission disclosing
                the
                terms of this Agreement;

            

      

      	(c)  	
              file
                reports on Forms 13D and 3 with the Securities and Exchange Commission
                disclosing the acquisition of the Shares by the Buyer;
                and

            

      

      	(d)  	
              take
                such steps are required to change the name of BEST CARE to as Buyer
                may
                determine.

            

      

      ARTICLE
        9

      GENERAL
        PROVISIONS

      

      9.1  Arbitration.
        The
        parties hereto shall attempt to resolve any dispute, controversy, difference
        or
        claim arising out of or relating to this Agreement by negotiation in good
        faith.
        If such good negotiation fails to resolve such dispute, controversy, difference
        or claim within fifteen (15) days after any party delivers to any other party
        a
        notice of its intent to submit such matter to arbitration, then any party
        to
        such dispute, controversy, difference or claim may submit such matter to
        arbitration in Nassau County, New York.

      

      9.2  Notice.
        Any
        notice required or permitted to be given by any party will be deemed to be
        given
        when in writing and delivered to the address for notice of the intended
        recipient by personal delivery, prepaid single certified or registered mail,
        or
        telecopier. Any notice delivered by mail shall be deemed to have been received
        on the fourth business day after and excluding the date of mailing, except
        in
        the event of a disruption in regular postal service in which event such notice
        shall be deemed to be delivered on the actual date of receipt. Any notice
        delivered personally or by telecopier shall be deemed to have been received
        on
        the actual date of delivery.

      

      9.3  Addresses
        for Service.
        The
        address for service of notice of each of the parties hereto is as
        follows:

      

      	(a)  	
              the
                Shareholders:

            

      

      Haim
        Perlstein

      811
        Chicago Avenue, Suite 803

      Evanston,
        IL 60202

      

      Chaim
        Limor

      811
        Chicago Avenue, Suite 803

      Evanston,
        IL 60202

       

      
        
          
          

        

        
          14

          
            

          

        

        
          
          

        

      

        

      	(b)  	
              the
                Buyer:

            

      

      Cosell
        Investments Limited

      P.O.
        Box
        957, Offshore Incorporation Centre

      Road
        Town, Tortola, British Virgin Islands

       

      9.4  Change
        of Address.
        Any
        party may, by notice to the other parties change its address for notice to
        some
        other address in North America and will so change its address for notice
        whenever the existing address or notice ceases to be adequate for delivery
        by
        hand. A post office box may not be used as an address for service.

      

      9.5  Amendment.
        This
        Agreement may be amended only by a writing executed by each of the parties
        hereto. 

      

      9.6  Entire
        Agreement.
        The
        provisions contained herein constitute the entire agreement among the Buyer
        and
        the Shareholders respecting the subject matter hereof and supersede all previous
        communications, representations and agreements, whether verbal or written,
        among
        the Buyer and the Shareholders with respect to the subject matter
        hereof.

      

      9.7  Enurement.
        This
        Agreement will enure to the benefit of and be binding upon the parties hereto
        and their respective heirs, executors, administrators, successors and permitted
        assigns.

      

      9.9  Assignment.
        This
        Agreement is not assignable without the prior written consent of the parties
        hereto. 

      

      9.10   
        Counterparts.
        This
        Agreement may be executed in counterparts, each of which when executed by
        any
        party will be deemed to be an original and all of which counterparts will
        together constitute one and the same Agreement. Delivery of executed copies
        of
        this Agreement by telecopier will constitute proper delivery, provided that
        originally executed counterparts are delivered to the parties within a
        reasonable time thereafter.

      

      9.11  
        Governing
        Law.
        This
        Agreement shall be 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. The parties agree to be subject to the exclusive jurisdiction
        and venue of the state and federal courts located in Nassau County, New
        York.

      

      [Remainder
        of page intentionally left blank.]

       

      
        
          
          

        

        
          15

          
            

          

        

        
          
          

        

      

       

      IN
        WITNESS WHEREOF
        the
        parties have executed this Agreement effective as of the day and year first
        above written.

      

       

      Shareholders:

      

      

      /s/
        Haim
        Perlstein                          
 

      Name:
        Haim Perlstein

      

      

      /s/
        Chaim
        Limor                               

      Name:
        Chaim Limor

      

      

       

      Buyer:

      

      Cosell
        Investments Limited 

      

      By:
        /s/ Jing
        Jiang                            

      Name:
        Jing Jiang

      Title: President

       

      
        
          
          

        

        
          16

          
            

          

        

        
          
          

        

      

       

      Exhibit
        A

      

      
        	
                Name
                  of Shareholder

              	 	
                Number
                  of Shares

              	 	
                Percent
                  of Outstanding

              
	 	 	 	 	 
	
                Haim
                  Perlstein

              	 	
                2,200,000

              	 	 
	
                Chaim
                  Limor

              	 	
                800,000

              	 	 

      

      

      

      PURCHASE
        PRICE

      

        
          	
                  Name

                	 	
                  Dollar
                    Amount

                
	
                   

                  Haim
                    Perlstein

                	 	
                   

                  $285,766.66

                
	
                  Chaim
                    Limor

                	 	
                  $8,766.67

                
	
                  JPF
                    Securities Law, LLC

                	 	
                  $7,500

                
	
                  Bill
                    Joubert

                	 	
                  $30,000

                

        

      

      
         

      

      
        
          
          

        

        
          17SETTLEMENT
      AGREEMENT AND RELEASE

    

    This
      Settlement Agreement and Release (the “Agreement”), dated as of August 22, 2007,
      is made by and between Power3 Medical Products, Inc., a New York corporation
      (“Power3”) and DKR SoundShore Oasis Holding Fund Ltd. (“DKR”).

    

    WHEREAS,
      Power3
      issued to DKR convertible debentures in the amount of $50,000 on October 28,
      2004 (the “Debenture”) (the Debenture, as well as all related documentation
      thereto, shall collectively be referred to as the “Transaction
      Documents”);

    

    WHEREAS,
      Power3
      desires to issue, and DKR desires to accept, Five Hundred Eighty Eight Thousand
      Two Hundred Thirty Five (588,235) shares of Power3’s common stock in full
      satisfaction of all principal, interest, damages, including liquidated damages,
      and all obligations arising from the Transaction Documents;

    

    WHEREAS,
      Power3
      agrees to reduce the exercise price on all warrants issued under the Transaction
      Documents (the “Warrants”) to $0.19, and DKR accepts such price reduction, on
      condition that all provisions relating to cashless exercise of the Warrants
      be
      voided under the Transaction Documents. 

    

    NOW,
      THEREFORE,
      in
      consideration of the mutual conditions and covenants contained in this
      Agreement, and for other good and valuable consideration, the sufficiency and
      receipt of which is hereby acknowledged, it is hereby stipulated, consented
      to
      and agreed by and among Power3 and DKR as follows:

    

    1. Power3
      shall issue an aggregate of Five Hundred Eighty Eight Thousand Two Hundred
      Thirty Five (588,235) shares of common stock (the “Shares”) to DKR in full
      satisfaction of the Transaction Documents and all obligations arising pursuant
      to the Transaction Documents. Upon issuance of the Shares, DKR shall return,
      via
      overnight delivery, the original Debenture to Power3. The Shares shall initially
      contain a restrictive legend. Power3 shall cause the restrictive legend to
      be
      removed immediately upon DKR providing Power3 (or its attorneys) with an
      appropriate Seller’s representation letter and other necessary documentation.
      Power3 acknowledges receipt of such documentation provided by Seller and will
      cause such legend to be removed. 

    

    2. In
      consideration of the foregoing, DKR releases and discharges Power3, Power3’s
      officers, directors, principals, control persons, past and present employees,
      insurers, successors, and assigns (“Power3 Parties”) from all actions, cause of
      action, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills,
      specialties, covenants, contracts, controversies, agreements, promises,
      variances, trespasses, damages, judgments, extents, executions, claims, and
      demands whatsoever, in law, admiralty or equity, which against Power3 Parties
      ever had, now have or hereafter can, shall or may, have for, upon, or by reason
      of any matter, cause or thing whatsoever, whether or not known or unknown,
      from
      the beginning of the world to the day of the date of this Release arising under
      the Transaction Documents.

    

    3. In
      consideration of the foregoing, Power3 releases and discharges DKR, DKR’s
      officers, directors, principals, control persons, past and present employees,
      insurers, successors, and assigns (“DKR Parties”) from all actions, cause of
      action, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills,
      specialties, covenants, contracts, controversies, agreements, promises,
      variances, trespasses, damages, judgments, extents, executions, claims, and
      demands whatsoever, in law, admiralty or equity, which against DKR Parties
      ever
      had, now have or hereafter can, shall or may, have for, upon, or by reason
      of
      any matter, cause or thing whatsoever, whether or not known or unknown, from
      the
      beginning of the world to the day of the date of this Release arising under
      the
      Transaction Documents.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    4. Disclosure.
      Power3
      agrees to file a Current Report on Form 8-K within 4 days following the date
      hereof, which shall disclose the material terms of this Agreement.

    

    5. All
      parties acknowledge and represent that: (a) they have read the Agreement; (b)
      they clearly understand the Agreement and each of its terms; (c) they fully
      and
      unconditionally consent to the terms of this Agreement; (d) they have had the
      benefit and advice of counsel of their own selection; (e) they have executed
      this Agreement, freely, with knowledge, and without influence or duress; (f)
      they have not relied upon any other representations, either written or oral,
      express or implied, made to them by any person; and (g) the consideration
      received by them has been actual and adequate.

    

    6. This
      Agreement contains the entire agreement and understanding concerning the subject
      matter hereof between the parties and supersedes and replaces all prior
      negotiations, proposed agreement and agreements, written or oral. Each of the
      parties hereto acknowledges that neither any of the parties hereto, nor agents
      or counsel of any other party whomsoever, has made any promise, representation
      or warranty whatsoever, express or implied, not contained herein concerning
      the
      subject hereto, to induce it to execute this Agreement and acknowledges ands
      warrants that it is not executing this Agreement in reliance on any promise,
      representation or warranty not contained herein.

    

    7. This
      Agreement may not be modified or amended in any manner except by an instrument
      in writing specifically stating that it is a supplement, modification or
      amendment to the Agreement and signed by each of the parties
      hereto.

    

    8. Should
      any provision of this Agreement be declared or be determined by any court or
      tribunal to be illegal or invalid, the validity of the remaining parts, terms
      or
      provisions shall not be affected thereby and said illegal or invalid part,
      term
      or provision shall be severed and deemed not to be part of this
      Agreement.

    

    9. This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of New York, without regard to principles of conflicts of laws. Any action
      brought by either party against the other concerning the transactions
      contemplated by this Agreement shall be brought only in the state courts of
      New
      York or in the federal courts located in the state of New York. Both parties
      and
      the individuals executing this Agreement and other agreements on behalf of
      the
      Company agree to submit to the jurisdiction of such courts and waive trial
      by
      jury. The prevailing party shall be entitled to recover from the other party
      its
      reasonable attorney’s fees and costs. 

    

    10. This
      Agreement may be executed in counterparts, each of which, when all parties
      have
      executed at least one such counterpart, shall be deemed an original, with the
      same force and effect as if all signatures were appended to one instrument,
      but
      all of which together shall constitute one and the same Agreement.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF,
      the
      parties have duly executed this Agreement as of the date first indicated
      above.

    

    

    
      	
              DKR
                SOUNDSHORE OASIS HOLDING FUND LTD.

              By:
                DKR Oasis Management Company LP

               

              By:
                /s/Rajni
                Narasi

              Name:
                Rajni Narasi

              Title:
                Authorized Signatory

            	
              DKR
                Sound Shore Oasis Holding Fund LTD

              c/o
                DKR Oasis Management Company LP

              1281
                East Main Street

              Stamford,
                Connecticut 06902

              Tel:
                (203) 324-8400

              Fax:
                (203-3248488

              Email:
                rnarasi@dkrcapital.com

            
	 	 
	
              POWER3
                MEDICAL PRODUCTS, INC.

               

               

              By:
                /s/Steven
                B. Rash

              Name:
                Steven B. Rash

              Title:
                Chief Executive Officer

            	
              3400
                Research Forest Drive, Suite B2-3

              Woodlands,
                Texas 77381

              Tel:
                (281) 466-1600

              Fax:
                (281) 466-1481

              Email:
                srash@power3medical.com

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