Advanced Viral Research Corp Watch

from 8-K 1 page For the Pay Periods Commencing on December 1, 2008 and Thereafter for So Long as I Am Employed by the Company, the Obligation of the Company to Pay Any or All of My Base Salary as Well as Any Other Cash Amounts Shall Be Deferred Until the Company (I) Acquires Net Proceeds of at Least $3.0 Million From the Sale of the Company’s Assets or Securities; or (II) Consummates a Merger Transaction With the Surviving Entity Having at Least $3.0 Million in Cash Availability (The “Triggering Event”). Upon the Occurrence of the Triggering Event, All Amounts Deferred Hereunder Shall Be Paid to Me in One Lump Sum. for Purposes of Clarification, Amounts That Are Referred to as Deferred Amounts Herein Shall Be Amounts That Are Accrued as Obligations of the Company but Which Shall Not Be Paid Until and Unless There Is a Triggering Event. This Letter Agreement May Be Executed in Any Number of Counterparts, All of Which Taken Together Shall Constitute One Letter Agreement. Sincerely, /S/ Maribel Dediego Agreed and Acknowledged as of December 8, 2008 Advanced Viral Research Corp. By: /S/ Stephen Elliston, Chief Executive Officer and President

from 8-K 1 page For the Pay Periods Commencing on December 1, 2008 and Thereafter for So Long as I Am Employed by the Company, the Obligation of the Company to Pay Any or All of My Base Salary as Well as Any Other Cash Amounts Shall Be Deferred Until the Company (I) Acquires Net Proceeds of at Least $3.0 Million From the Sale of the Company’s Assets or Securities; or (II) Consummates a Merger Transaction With the Surviving Entity Having at Least $3.0 Million in Cash Availability (The “Triggering Event”). Upon the Occurrence of the Triggering Event, All Amounts Deferred Hereunder Shall Be Paid to Me in One Lump Sum. for Purposes of Clarification, Amounts That Are Referred to as Deferred Amounts Herein Shall Be Amounts That Are Accrued as Obligations of the Company but Which Shall Not Be Paid Until and Unless There Is a Triggering Event. Except as Otherwise Specifically Provided in This Letter Agreement, the Terms of Our Arrangement Shall Remain in Full Force and Effect. This Letter Agreement May Be Executed in Any Number of Counterparts, All of Which Taken Together Shall Constitute One Letter Agreement. Sincerely, /S/ Martin Bookman Agreed and Acknowledged as of December 8, 2008 Advanced Viral Research Corp. By: /S/ Stephen Elliston, Chief Executive Officer and President

from 8-K 1 page For the Pay Periods Commencing on December 1, 2008 and Thereafter for So Long as I Am Employed by the Company, the Obligation of the Company to Pay Any or All of My Base Salary as Well as Any Other Cash Amounts Shall Be Deferred Until the Company (I) Acquires Net Proceeds of at Least $3.0 Million From the Sale of the Company’s Assets or Securities; or (II) Consummates a Merger Transaction With the Surviving Entity Having at Least $3.0 Million in Cash Availability (The “Triggering Event”). Upon the Occurrence of the Triggering Event, All Amounts Deferred Hereunder Shall Be Paid to Me in One Lump Sum. for Purposes of Clarification, Amounts That Are Referred to as Deferred Amounts Herein Shall Be Amounts That Are Accrued as Obligations of the Company but Which Shall Not Be Paid Until and Unless There Is a Triggering Event. Except as Otherwise Specifically Provided in This Letter Agreement, the Terms of the Agreement Shall Remain in Full Force and Effect. This Letter Agreement May Be Executed in Any Number of Counterparts, All of Which Taken Together Shall Constitute One Letter Agreement. Sincerely, /S/ Stephen Elliston Agreed and Acknowledged as of December 8, 2008 Advanced Viral Research Corp. By: /S/ Martin Bookman, Acting Chief Financial Officer

from 10-Q 1 page From the Two Week Pay Period Ending October 17, 2008 Until the Triggering Event, the Company Shall Pay to Me 40% of My Base Salary (The “40% Amount”). the Difference Between the Salary Amounts I Had Been Receiving Prior to the Pay Period Ending October 17, 2008 (E.G. $90 ,000 Per Annum) and the 40% Amount Shall Be Deferred. for Purposes of Clarification, Amounts That Are Referred to as Deferred Amounts Herein Shall Be Amounts That Are Accrued as Obligations of the Company but Which Shall Not Be Paid Until and Unless There Is a Triggering Event. This Letter Agreement May Be Executed in Any Number of Counterparts, All of Which Taken Together Shall Constitute One Letter Agreement. Sincerely, /S/ Maribel Dediego Maribel Dediego Agreed and Acknowledged as of October 17, 2008 Advanced Viral Research Corp. By: /S/ Stephen Elliston, Chief Executive Officer and President

from 10-Q 1 page From the Two Week Pay Period Ending October 17, 2008 Until the Triggering Event (As Defined Below), the Company Shall Pay 40% of My Base Salary and All Other Cash Amounts Obligated to Be Paid by the Company to Me Under Our Employment Arrangement (E.G. $101,800 Per Annum) Shall Be Deferred Until the Company (I) Acquires Net Proceeds of at Least $3.0 Million From the Sale of the Company’s Assets or Securities; or (II) Consummates a Merger Transaction With the Surviving Entity Having at Least $3.0 Million in Cash Availability (The “Triggering Event”). Upon the Occurrence of the Triggering Event, All Amounts Deferred Hereunder Shall Be Paid to Me in One Lump Sum. Except as Otherwise Specifically Provided in This Letter Agreement, the Terms of Our Arrangement Shall Remain in Full Force and Effect This Letter Agreement May Be Executed in Any Number of Counterparts, All of Which Taken Together Shall Constitute One Letter Agreement. Sincerely, /S/ Martin Bookman Martin Bookman Agreed and Acknowledged as of October 17, 2008 Advanced Viral Research Corp. By: /S/ Stephen Elliston, Chief Executive Officer and President

from 10-Q 1 page From the Two Week Pay Period Ending August 8, 2008 Through the Two Week Pay Period Ending October 3, 2008, the Obligation of the Company to Pay My Base Salary as Well as Any Other Cash Amounts Shall Be Deferred Until the Company (I) Acquires Net Proceeds of at Least $3.0 Million From the Sale of the Company’s Assets or Securities; or (II) Consummates a Merger Transaction With the Surviving Entity Having at Least $3.0 Million in Cash Availability (The “Triggering Event”). From the Two Week Pay Period Ending October 17, 2008 Until the Triggering Event, the Company Shall Pay 40% of My Base Salary and All Other Cash Amounts Obligated to Be Paid by the Company to Me Under the Agreement (E.G. $175,000 Per Annum) Shall Be Deferred. Upon the Occurrence of the Triggering Event, All Amounts Deferred Hereunder Shall Be Paid to Me in One Lump Sum. Except as Otherwise Specifically Provided in This Letter Agreement, the Terms of the Agreement Shall Remain in Full Force and Effect. This Letter Agreement May Be Executed in Any Number of Counterparts, All of Which Taken Together Shall Constitute One Letter Agreement. Sincerely, /S/ Yuri Dunayevskiy Yuri Dunayevskiy Agreed and Acknowledged as of August 8, 2008 Advanced Viral Research Corp. By: /S/ Stephen Elliston, Chief Executive Officer and President

from 10-Q 1 page From the Two Week Pay Period Ending August 8, 2008 Through the Two Week Pay Period Ending October 3, 2008, the Obligation of the Company to Pay My Base Salary as Well as Any Other Cash Amounts Shall Be Deferred Until the Company (I) Acquires Net Proceeds of at Least $3.0 Million From the Sale of the Company’s Assets or Securities; or (II) Consummates a Merger Transaction With the Surviving Entity Having at Least $3.0 Million in Cash Availability (The “Triggering Event”). From the Two Week Pay Period Ending October 17, 2008 Until the Triggering Event, the Company Shall Pay 40% of My Base Salary and All Other Cash Amounts Obligated to Be Paid by the Company to Me Under the Agreement (E.G. $200,000 Per Annum) Shall Be Deferred. Upon the Occurrence of the Triggering Event, All Amounts Deferred Hereunder Shall Be Paid to Me in One Lump Sum. Except as Otherwise Specifically Provided in This Letter Agreement, the Terms of the Agreement Shall Remain in Full Force and Effect. This Letter Agreement May Be Executed in Any Number of Counterparts, All of Which Taken Together Shall Constitute One Letter Agreement. Sincerely, /S/ Dallas Hughes Dallas Hughes Agreed and Acknowledged as of August 8, 2008 Advanced Viral Research Corp. By: /S/ Stephen Elliston, Chief Executive Officer and President

from 10-Q 1 page From the Two Week Pay Period Ending August 8, 2008 Through the Two Week Pay Period Ending October 3, 2008, the Obligation of the Company to Pay My Base Salary as Well as Any Other Cash Amounts Shall Be Deferred Until the Company (I) Acquires Net Proceeds of at Least $3.0 Million From the Sale of the Company’s Assets or Securities; or (II) Consummates a Merger Transaction With the Surviving Entity Having at Least $3.0 Million in Cash Availability (The “Triggering Event”). From the Two Week Pay Period Ending October 17, 2008 Until the Triggering Event, the Company Shall Pay 40% of My Base Salary and All Other Cash Amounts Obligated to Be Paid by the Company to Me Under the Agreement (E.G. $220,000 Per Annum) Shall Be Deferred. Upon the Occurrence of the Triggering Event, All Amounts Deferred Hereunder Shall Be Paid to Me in One Lump Sum. Except as Otherwise Specifically Provided in This Letter Agreement, the Terms of the Agreement Shall Remain in Full Force and Effect. This Letter Agreement May Be Executed in Any Number of Counterparts, All of Which Taken Together Shall Constitute One Letter Agreement. Sincerely, /S/ Vincent Gullo Vincent Gullo Agreed and Acknowledged as of August 8, 2008 Advanced Viral Research Corp. By: /S/ Stephen Elliston, Chief Executive Officer and President

from 10-Q 1 page From the Two Week Pay Period Ending October 17, 2008 Until the Triggering Event, the Company Shall Pay 40% of My Base Salary and All Other Cash Amounts Obligated to Be Paid by the Company to Me Under the Agreement (E.G. $350,000 Per Annum) Shall Be Deferred. for Purposes of Clarification, Amounts That Are Referred to as Deferred Amounts Herein Shall Be Amounts That Are Accrued as Obligations of the Company but Which Shall Not Be Paid Until and Unless There Is a Triggering Event. Except as Otherwise Specifically Provided in This Letter Agreement, the Terms of the Agreement Shall Remain in Full Force and Effect. This Letter Agreement May Be Executed in Any Number of Counterparts, All of Which Taken Together Shall Constitute One Letter Agreement. Sincerely, /S/ Stephen Elliston Stephen Elliston

from 8-K 16 pages Advanced Viral Research Corp. Secured Convertible Debenture

from 8-K 7 pages Amendment Agreement

from 8-K 19 pages Amended and Restated Warrant

from 8-K 19 pages Amended and Restated Warrant

from 8-K 22 pages Advanced Viral Research Corp. Amended & Restated Secured Convertible Debenture

from 8-K 22 pages Advanced Viral Research Corp. Amended & Restated Secured Convertible Debenture

from 8-K 19 pages Amended and Restated Warrant

from 8-K 22 pages Advanced Viral Research Corp. Amended & Restated Secured Convertible Debenture

from 8-K 22 pages Advanced Viral Research Corp. Amended & Restated Secured Convertible Debenture

from 8-K 20 pages Amended and Restated Security Agreement

from 8-K 8 pages Patent Security Agreement