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EX-10 - EXHIBIT 10.1 - Advanced Voice Recognition Systems, Inca03072011_10x1.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C.  20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

 

 

Date of Report (Date of earliest event reported):  March 7, 2011 (March 1, 2011)

 

 

 

ADVANCED VOICE RECOGNITION SYSTEMS, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Nevada

000-52390

98-0511932

(State or other jurisdiction
of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

 

 

7659 E. Wood Drive, Scottsdale, Arizona 85260

 (Address of principal executive offices)         (Zip Code)

 

Registrant's telephone number, including area code (480) 704-4183

 

__________N/A__________ 

 (Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 



Item 1.02  Termination of a Material Definitive Agreement

 

On March 1, 2011, Advanced Voice Recognition Systems, Inc., a Nevada corporation (the “Company” or “AVRS”), and a purchaser agreed to terminate a Stock Purchase Agreement (the “Agreement”) dated May 4, 2010.  A copy of the Stock Purchase Agreement was filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K that was filed with the SEC on May 10, 2010.

 

Pursuant to the Agreement, the Purchaser agreed to purchase from AVRS, and AVRS agreed to sell to the purchaser 5,000,000 shares of the Company’s common stock, payable in installments. 

 

One installment payment of $10,000 was made by the purchaser and the applicable number of shares of the Company’s common stock were delivered to the purchaser.  On March 1, 2011 the Company and the Purchaser signed a Mutual Termination of Stock Purchase Agreement dated May 4, 2010 which is attached as Exhibit 10.1 of this filing.

 

 

Item 9.01        Financial Statements and Exhibits.

 

Exhibit No.      Document                                           

10.1                 Mutual Termination of Stock Purchase Agreement dated May 4, 2010

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

 

ADVANCED VOICE RECOGNITION SYSTEMS, INC.

 
 

 
 

 
 

 

Dated: March 7, 2011

By:  

 /s/Walter Geldenhuys

 


Name: Walter Geldenhuys

 

Title: President, Chief Executive Officer & Chief Financial Officer

 

 

 

 

 

 

 

 



EXHIBIT INDEX

 

Exhibit No.      Document                                           

10.1                 Mutual Termination of Stock Purchase Agreement dated May 4, 2010