EXHIBIT 4.3
TERMINATION AGREEMENT
THIS TERMINATION AGREEMENT (the "Agreement") is made and entered
into
effective as of [March?] __, 2005, by and
between AVITAR, INC., a Delaware
corporation (the "Company"), and CORNELL
CAPITAL PARTNERS, LP, a Delaware
limited partnership (the "Investor").
Recitals:
WHEREAS, the Company and the Investor entered into an Standby
Equity
Distribution Agreement (the "Standby Equity
Distribution Agreement"); a
Registration Rights Agreement (the
"Registration Rights Agreement"); an Escrow
Agreement (the "Escrow Agreement"); and a
Placement Agent Agreement (the
"Placement Agent Agreement"), all of which
are dated February 1, 2004
(collectively, the Standby Equity
Distribution Agreement, the Registration
Rights Agreement, the Escrow Agreement and
Placement Agent Agreement are
referred to as the "Transaction
Documents."
NOW, THEREFORE, in consideration of the promises and the mutual
promises, conditions and covenants
contained herein and in the Transaction
Documents and o