diff --git a/MemoryModule.c b/MemoryModule.c
index a7eda08..fcb0081 100644
--- a/MemoryModule.c
+++ b/MemoryModule.c
@@ -49,20 +49,24 @@
 
 #include "MemoryModule.h"
 
+typedef BOOL (WINAPI *DllEntryProc)(HINSTANCE hinstDLL, DWORD fdwReason, LPVOID lpReserved);
+typedef int (WINAPI *ExeEntryProc)(void);
+
 typedef struct {
     PIMAGE_NT_HEADERS headers;
     unsigned char *codeBase;
     HCUSTOMMODULE *modules;
     int numModules;
     int initialized;
+    int isDLL;
+    int isRelocated;
     CustomLoadLibraryFunc loadLibrary;
     CustomGetProcAddressFunc getProcAddress;
     CustomFreeLibraryFunc freeLibrary;
     void *userdata;
+    ExeEntryProc exeEntry;
 } MEMORYMODULE, *PMEMORYMODULE;
 
-typedef BOOL (WINAPI *DllEntryProc)(HINSTANCE hinstDLL, DWORD fdwReason, LPVOID lpReserved);
-
 #define GET_HEADER_DICTIONARY(module, idx)	&(module)->headers->OptionalHeader.DataDirectory[idx]
 
 #ifdef DEBUG_OUTPUT
@@ -202,11 +206,12 @@ ExecuteTLS(PMEMORYMODULE module)
     }
 }
 
-static void
+static int
 PerformBaseRelocation(PMEMORYMODULE module, SIZE_T delta)
 {
     DWORD i;
     unsigned char *codeBase = module->codeBase;
+    int result = 0;
 
     PIMAGE_DATA_DIRECTORY directory = GET_HEADER_DICTIONARY(module, IMAGE_DIRECTORY_ENTRY_BASERELOC);
     if (directory->Size > 0) {
@@ -254,7 +259,9 @@ PerformBaseRelocation(PMEMORYMODULE module, SIZE_T delta)
             // advance to next relocation block
             relocation = (PIMAGE_BASE_RELOCATION) (((char *) relocation) + relocation->SizeOfBlock);
         }
+        result = 1;
     }
+    return result;
 }
 
 static int
@@ -355,7 +362,6 @@ HMEMORYMODULE MemoryLoadLibraryEx(const void *data,
     PIMAGE_NT_HEADERS old_header;
     unsigned char *code, *headers;
     SIZE_T locationDelta;
-    DllEntryProc DllEntry;
     BOOL successfull;
 
     dos_header = (PIMAGE_DOS_HEADER)data;
@@ -410,6 +416,7 @@ HMEMORYMODULE MemoryLoadLibraryEx(const void *data,
     result->numModules = 0;
     result->modules = NULL;
     result->initialized = 0;
+    result->isDLL = (old_header->FileHeader.Characteristics & IMAGE_FILE_DLL) != 0;
     result->loadLibrary = loadLibrary;
     result->getProcAddress = getProcAddress;
     result->freeLibrary = freeLibrary;
@@ -434,7 +441,9 @@ HMEMORYMODULE MemoryLoadLibraryEx(const void *data,
     // adjust base address of imported data
     locationDelta = (SIZE_T)(code - old_header->OptionalHeader.ImageBase);
     if (locationDelta != 0) {
-        PerformBaseRelocation(result, locationDelta);
+        result->isRelocated = PerformBaseRelocation(result, locationDelta);
+    } else {
+        result->isRelocated = 1;
     }
 
     // load required dlls and adjust function table of imports
@@ -451,14 +460,20 @@ HMEMORYMODULE MemoryLoadLibraryEx(const void *data,
 
     // get entry point of loaded library
     if (result->headers->OptionalHeader.AddressOfEntryPoint != 0) {
-        DllEntry = (DllEntryProc) (code + result->headers->OptionalHeader.AddressOfEntryPoint);
-        // notify library about attaching to process
-        successfull = (*DllEntry)((HINSTANCE)code, DLL_PROCESS_ATTACH, 0);
-        if (!successfull) {
-            SetLastError(ERROR_DLL_INIT_FAILED);
-            goto error;
+        if (result->isDLL) {
+            DllEntryProc DllEntry = (DllEntryProc) (code + result->headers->OptionalHeader.AddressOfEntryPoint);
+            // notify library about attaching to process
+            successfull = (*DllEntry)((HINSTANCE)code, DLL_PROCESS_ATTACH, 0);
+            if (!successfull) {
+                SetLastError(ERROR_DLL_INIT_FAILED);
+                goto error;
+            }
+            result->initialized = 1;
+        } else {
+            result->exeEntry = (ExeEntryProc) (code + result->headers->OptionalHeader.AddressOfEntryPoint);
         }
-        result->initialized = 1;
+    } else {
+        result->exeEntry = NULL;
     }
 
     return (HMEMORYMODULE)result;
@@ -549,6 +564,17 @@ void MemoryFreeLibrary(HMEMORYMODULE mod)
     }
 }
 
+int MemoryCallEntryPoint(HMEMORYMODULE mod)
+{
+    PMEMORYMODULE module = (PMEMORYMODULE)mod;
+
+    if (module == NULL || module->isDLL || module->exeEntry == NULL || !module->isRelocated) {
+        return -1;
+    }
+
+    return module->exeEntry();
+}
+
 #define DEFAULT_LANGUAGE        MAKELANGID(LANG_NEUTRAL, SUBLANG_NEUTRAL)
 
 HMEMORYRSRC MemoryFindResource(HMEMORYMODULE module, LPCTSTR name, LPCTSTR type)
diff --git a/MemoryModule.h b/MemoryModule.h
index adeacb6..e2fa2d3 100644
--- a/MemoryModule.h
+++ b/MemoryModule.h
@@ -44,7 +44,7 @@ typedef FARPROC (*CustomGetProcAddressFunc)(HCUSTOMMODULE, LPCSTR, void *);
 typedef void (*CustomFreeLibraryFunc)(HCUSTOMMODULE, void *);
 
 /**
- * Load DLL from memory location.
+ * Load EXE/DLL from memory location.
  *
  * All dependencies are resolved using default LoadLibrary/GetProcAddress
  * calls through the Windows API.
@@ -52,7 +52,7 @@ typedef void (*CustomFreeLibraryFunc)(HCUSTOMMODULE, void *);
 HMEMORYMODULE MemoryLoadLibrary(const void *);
 
 /**
- * Load DLL from memory location using custom dependency resolvers.
+ * Load EXE/DLL from memory location using custom dependency resolvers.
  *
  * Dependencies will be resolved using passed callback methods.
  */
@@ -68,10 +68,23 @@ HMEMORYMODULE MemoryLoadLibraryEx(const void *,
 FARPROC MemoryGetProcAddress(HMEMORYMODULE, LPCSTR);
 
 /**
- * Free previously loaded DLL.
+ * Free previously loaded EXE/DLL.
  */
 void MemoryFreeLibrary(HMEMORYMODULE);
 
+/**
+ * Execute entry point (EXE only). The entry point can only be executed
+ * if the EXE has been loaded to the correct base address or it could
+ * be relocated (i.e. relocation information have not been stripped by
+ * the linker).
+ *
+ * Important: calling this function will not return, i.e. once the loaded
+ * EXE finished running, the process will terminate.
+ *
+ * Returns a negative value if the entry point could not be executed.
+ */
+int MemoryCallEntryPoint(HMEMORYMODULE);
+
 /**
  * Find the location of a resource with the specified type and name.
  */
diff --git a/example/DllLoader/DllLoaderLoader.cpp b/example/DllLoader/DllLoaderLoader.cpp
new file mode 100644
index 0000000..e49979e
--- /dev/null
+++ b/example/DllLoader/DllLoaderLoader.cpp
@@ -0,0 +1,57 @@
+#define WIN32_LEAN_AND_MEAN
+
+#include <windows.h>
+#include <tchar.h>
+#include <stdio.h>
+#include <malloc.h>
+
+#include "../../MemoryModule.h"
+
+#define EXE_FILE TEXT("DllLoader.exe")
+
+int RunFromMemory(void)
+{
+    FILE *fp;
+    unsigned char *data=NULL;
+    size_t size;
+    HMEMORYMODULE handle;
+    int result = -1;
+
+    fp = _tfopen(EXE_FILE, _T("rb"));
+    if (fp == NULL)
+    {
+        _tprintf(_T("Can't open executable \"%s\"."), EXE_FILE);
+        goto exit;
+    }
+
+    fseek(fp, 0, SEEK_END);
+    size = ftell(fp);
+    data = (unsigned char *)malloc(size);
+    fseek(fp, 0, SEEK_SET);
+    fread(data, 1, size, fp);
+    fclose(fp);
+
+    handle = MemoryLoadLibrary(data);
+    if (handle == NULL)
+    {
+        _tprintf(_T("Can't load library from memory.\n"));
+        goto exit;
+    }
+
+    result = MemoryCallEntryPoint(handle);
+    if (result < 0) {
+        _tprintf(_T("Could not execute entry point: %d\n"), result);
+    }
+    MemoryFreeLibrary(handle);
+
+exit:
+    if (data)
+        free(data);
+    return result;
+}
+
+int main(int argc, char* argv[])
+{
+    return RunFromMemory();
+}
+
diff --git a/example/DllLoader/Makefile b/example/DllLoader/Makefile
index 84c8c68..65b5382 100644
--- a/example/DllLoader/Makefile
+++ b/example/DllLoader/Makefile
@@ -22,9 +22,15 @@ CFLAGS += -DUNICODE -D_UNICODE
 endif
 
 OBJ = DllLoader.o ../../MemoryModule.o
+OBJ_LOADER = DllLoaderLoader.o ../../MemoryModule.o
+
+all: DllLoader.exe DllLoaderLoader.exe
 
 DllLoader.exe: $(OBJ)
-	$(CC) $(LDFLAGS) -o DllLoader.exe $(OBJ)
+	$(CC) $(LDFLAGS) -Wl,--image-base -Wl,0x20000000 -o DllLoader.exe $(OBJ)
+
+DllLoaderLoader.exe: $(OBJ_LOADER)
+	$(CC) $(LDFLAGS) -Wl,--image-base -Wl,0x10000000 -o DllLoaderLoader.exe $(OBJ_LOADER)
 
 %.o: %.cpp
 	$(CXX) $(CFLAGS) -c $<
@@ -33,4 +39,4 @@ DllLoader.exe: $(OBJ)
 	$(CC) $(CFLAGS) -c $<
 
 clean:
-	$(RM) -rf $(OBJ) DllLoader.exe
+	$(RM) -rf $(OBJ) $(OBJ_LOADER) DllLoader.exe DllLoaderLoader.exe