Entry Into a Material Definitive

On November 1, 2016, Advanced Voice Recognition Systems, Inc. (

AVRS

) entered into a Contingent Fee Agreement (the

Agreement

) with Buether Joe & Carpenter, LLC (

BJC

) pursuant to which BJC will represent AVRS in connection with investigating and asserting claims relating to certain patents, including the negotiation of license agreements and the filing and prosecution of lawsuits, against any potential infringers of rights associated with such patents (the

Patent Rights

).

BJC will handle licensing and litigation activities under the Agreement on a contingent fee basis. BJCs fee will depend upon whether AVRS recovers any sums by way of licensing, settlement, trial or otherwise with respect to the Patent Rights. Under the Agreement, AVRS will pay BJC ten percent (10%) of the gross amount of Licensing Agreement Proceeds (as defined in the Agreement), if any, for the first year of the Agreement, and twenty percent (20%) thereafter. AVRS will pay fees on a graduating scale for Litigation Proceeds (as defined in the Agreement) based on the amount and date of proceeds received, if any. Pursuant to the terms of the Agreement, AVRS grants BJC a security interest in any Licensing Agreement Proceeds and Litigation Proceeds to the extent BJC is entitled to any payment based upon AVRSs receipt of Licensing Agreement Proceeds or Litigation Proceeds. AVRS may terminate the Agreement at any time.

In 2015, AVRS entered into an Advisory Services Agreement (the

Advisory Services Agreement

) with Dominion Harbor Group, LLC (

Dominion

), a copy of which was filed as

Exhibit 10.1

to AVRSs Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on August 21, 2015. Pursuant to the Advisory Services Agreement, Dominion will pay the Enforcement Expenses described in Section 10 of the Agreement on behalf of AVRS.

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 Contingent Fee Agreement dated November 1, 2016

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: November 7, 2016

By:

/s/ Walter Geldenhuys

Name: Walter Geldenhuys

Title: President, Chief Executive Officer & Chief Financial Officer

EXHIBIT INDEX

Exhibit No. Document

10.1 Contingent Fee Agreement dated November 1, 2016

makes a similar move, sign up!

Auto Refresh

Feedback