Exhibit 10.57

 

 

 

Elite Pharmaceuticals, Inc.

165 Ludlow Avenue

Northvale, NJ 07647

Attn: Carter Ward

 

Dear Carter,

 

Elite Pharmaceuticals, Inc. has entered into an equity line purchase agreement
with Lincoln Park Capital Fund LLC (the “2020 LPC Agreement”) to replace the
prior equity line purchase agreement with Lincoln Park that expired on July 1,
2020 (the “2017 LPC Agreement”). Pursuant to the terms of my Series J Preferred
Stock and Series J Warrants (collectively, the “Series J Securities”),
transactions pursuant to the 2017 LPC Agreement were excluded from the
anti-dilution provisions of the Series J Securities.

 

I hereby waive my rights under the anti-dilution provisions of the Series J
Securities with regard to transactions under the 2020 LPC Agreement.

 

  Very truly yours,       By:  /s/ Nasrat Hakim     Nasrat Hakim