CORNELL CAPITAL PARTNERS, LP 101 HUDSON STREET, SUITE 3700 JERSEY CITY, NJ 07302 February 3, 2006 Robert W. Prokos, President HealthRenu Medical, Inc. 12777 Jones Road, Suite 481 Houston, TX 77070 Re: HealthRenu Medical, Inc. (the "Company") Dear Mr. Prokos: The Company and Cornell Capital Partners, LP ("Cornell") entered into various financing transactions on May 23, 2005 including a Standby Equity Distribution Agreement ("SEDA") and a Registration Rights Agreement ("Registration Agreement"). In connection with, and contemporaneously to the SEDA, the Company, Cornell, and David Gonzalez, Esq. ("Escrow Agent") also entered into an Escrow Agreement ("Escrow Agreement"). This letter shall set forth the following agreements between the Company and Cornell: 1. The Company and Cornell hereby agree to terminate the Escrow Agreement and remove David Gonzalez as the Escrow Agent pursuant to the Termination Agreement attached hereto as Exhibit A. 2. The Company and Cornell hereby agree to amend and restate the SEDA in the form attached hereto as Exhibit B to take into effect the termination of the Escrow Agreement and removal of the Escrow Agent. 3. The Company and Cornell hereby agree that the Registration Agreement is amended to delete subsection 3(a) (ii) of the Registration Agreement. Please indicate your agreement to the forgoing by signing below where indicated. Sincerely, CORNELL CAPITAL PARTNERS, LP By: Yorkville Advisors, LLC Its: General Partner By: /s/ Mark Angelo ---------------------------------- Name: Mark Angelo Title: Portfolio Manager Agreed and Acknowledged: HEALTHRENU MEDICAL, INC. By: /s/ Robert W. Prokos ----------------------------- Name: Robert W. Prokos Title: President cc: David Gonzalez, Esq.