ADVANCED VOICE RECOGNITION SYSTEMS, INC. (OTCMKTS:AVOI) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. Entry Into a Material Definitive Agreement
On June 21, 2018, Advanced Voice Recognition Systems, Inc. (“AVRS”) and Buether Joe & Carpenter, LLC (“BJC) entered into a Letter of Engagement for Legal Services Limited Scope Agreement (“Agreement”) with Schmeiser, Olsen & Watts LLP (“the Firm”) to which the Firm will serve as local counsel in the United States District Court, District of Arizona.
The Firm has been hired to represent AVRS as local counsel in connection with forthcoming litigation in the U.S. District Court, District of Arizona. Under the Agreement, AVRS will pay the Firm an evergreen fee advance of $2,500 for deposit into the Firm’s trust account. The Firm will draw from the $2,500 placed in the Firm’s trust account to compensate for services as performed. AVRS may terminate the Agreement at any time.
In 2016, AVRS entered into a Contingent Fee Agreement, a copy of which was filed as Exhibit 10.1 to AVRS’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on November 7, 2016.
The foregoing is qualified in its entirety by reference to the Contingent Fee Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. Document
10.1 Limited Scope Agreement dated June 21, 2018
Advanced Voice Recognition Systems, Inc ExhibitEX-10 2 a06212018_10x1.htm EXHIBIT Microsoft Word – 2018 06 20 BJC-Schmeiser Fee Sharing Agmt AVRS LOCAL COUNSEL FEE AGREEMENT This sets forth the Agreement (the “Agreement”) made this 21st day of June 2018 (the “effective date” of this Agreement) between Advanced Voice Recognition Services,…To view the full exhibit click here
About ADVANCED VOICE RECOGNITION SYSTEMS, INC. (OTCMKTS:AVOI)
Advanced Voice Recognition Systems, Inc. is a software development company. The Company specializes in creating interface and application solutions for speech recognition technologies. The Company’s principal proposed product is speech recognition software and related firmware, which allows for dictation into a range of applications, including disk operating system (DOS) applications running in Windows, UNIX and mainframe applications accessed through terminal emulation programs, various custom applications, and all Windows 3.x, 95, 98, 2000, XP, Vista and Windows 7 programs. This product is designed to allow for deferred dictation, where the text is saved with the associated audio, and the users can resume when stopped and can play back dictated content. Similarly, the recognized text and associated audio can be saved to be used when text is corrected.
