We present in this paper a new lock-based resource sharing protocol PWLP (Preemptable Waiting Locking Protocol) for embedded multi-core processors. It is based on the busy-wait model and works with non-preemptive critical sections while task may be preempted by tasks with a higher priority when waiting for resources. Our protocol can be applied in partitioned as well as global scheduling scenarios, in which task-fix, job-fix or dynamically assigned priorities may be used. Furthermore, the PWLP permits nested requests to shared resources. Finally, we present a case study based on event-based simulations in which the FMLP (Flexible Multiprocessor Locking Protocol) and the proposed PWLP are compared. © 2014 IEEE.