Agreement to Waive Assignment Rights under Equity Line of Credit Agreement between GMF Holdings Inc. and Advanced Viral Research Corp.
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Summary
GMF Holdings Inc., having acquired the investor rights in an Equity Line of Credit Agreement originally between Spinneret Financial Systems Ltd. and Advanced Viral Research Corp., agrees not to assign its interest in that agreement. This waiver is formalized in a letter dated December 8, 2000, and is addressed to Advanced Viral Research Corp. The key obligation is that GMF Holdings Inc. will not transfer or assign its rights under the original agreement to any other party.
EX-10.44 4 g65989a1ex10-44.txt AGREEMENT TO WAIVE ASSIGNMENT RIGHTS 1 EXHIBIT 10.44 GMF HOLDINGS INC. 41 FREDERICK STREET NASSAU BAHAMAS December 8, 2000 Advanced Viral Research Corp. 200 Corporate Blvd. South Yonkers, NY 10701 Gentlemen: Please be advised that we have been assigned the rights of the Investor contained in the Equity Line of Credit Agreement (the "Agreement") dated September 18, 2000 between Spinneret Financial Systems Ltd. and Advanced Viral Research Corp. (the "Company"). By this letter we hereby waive any rights to assign our interest in the Agreement . Very truly yours, GMF HOLDINGS INC. By: /s/ Diego Davis ---------------------------- Name: Diego Davis Title: President
