EXHIBIT 10.13


                                February 22, 2000

International Dispensing Corporation
2500 Westchester Avenue, Suite 304
Purchase, New York 10574

Gentlemen:

         Reference is made to the Preferred Stock  Subscription  Agreement dated
as of September  23, 1999,  as amended by Amendment  No. 1 thereto,  dated as of
October 25, 1999 and  Amendment  No. 2 thereto  dated  December  15, 1999 by and
among Gregory B. Abbott ("Gregory Abbott"),  George Kriste ("Kriste"),  Louis A.
Simpson ("Simpson"), Gary Allanson ("Allanson"), George Abbott ("George Abbott")
and  International  Dispensing  Corporation  (the  "Company")(collectively,  the
"Purchase Agreement").  Unless otherwise defined herein,  capitalized terms used
herein have the meanings ascribed to them in the Purchase Agreement.

         This will confirm the agreement of the  undersigned  and the Company as
follows:

         Reed Slatkin  ("Slatkin"),  whose address is 890 North Kellogg  Avenue,
Santa Barbara, California 93111, hereby agrees to become a party to the Purchase
Agreement  as an Investor  and,  by his  signature  below,  shall as of the date
hereof be deemed to have made all of the  representations and agreements made by
each  Investor in the  Purchase  Agreement  as if he were an original  signatory
thereof.

         The Company  has  designated  a new series of  preferred  stock  called
Series B Redeemable Convertible Preferred Stock ("Series B Stock"). The Series B
Stock has the same rights and preferences as the Series A Redeemable Convertible
Preferred  Stock of the  Company  ("Series A Stock"),  except  that the Series B
Stock  shall  not have a right  to elect a  separate  director  and the  initial
conversion  price at which  Series B Stock may be  converted  into Common  Stock
shall be $.35 per share rather than the $.22 per share initial  conversion price
applicable to the Series A Stock.

         The Investors and the Company hereby agree that in lieu of the purchase
by the  Investors  of the  remaining  440,000  shares of Series A Stock that the
Investors committed to purchase pursuant to the Purchase Agreement,  on the date
hereof the Company shall issue and sell to each Investor and each Investor shall
purchase for $2,000 per share from the Company,  upon all of the other terms and
conditions set forth in the Purchase Agreement, the number of shares of Series B
Stock set forth  opposite the name of such Investor  below.  The purchase  price
shall be paid by


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International Dispensing Corporation
February 22, 2000
Page 2

wire  transfer on the date hereof to the Company's  bank account of  immediately
available funds pursuant to wire transfer instructions  previously given to each
of the Investors.

                               Shares of Series B
Name of Investor                 Stock Purchased             Purchase Price
----------------                 ---------------             --------------
Gregory Abbott                         97.5                     $195,000
Slatkin                                97.5                     $195,000
Simpson                                97.5                     $195,000
George Abbott                          97.5                     $195,000
Kriste                                 50.0                     $100,000
Allanson                                0                             $0


         Each   Investor   reaffirms   as  of  the  date   hereof   all  of  the
representations and agreements made by such Investor in the Purchase Agreement.

         The Company reaffirms as of the date hereof all of the  representations
and agreements made by the Company in the Purchase Agreement,  except that as of
the date hereof,  prior to the purchases being made hereby,  an aggregate of 560
Shares of Series A Stock are  issued and  outstanding  and no shares of Series B
Stock are issued or outstanding.


                                                        Very truly yours,


                                                        /s/ Gregory Abbott
                                                        ------------------------
                                                        Gregory Abbott

                                                        /s/ George Kriste
                                                        ------------------------
                                                        George Kriste

                                                        /s/ Louis A. Simpson
                                                        ------------------------
                                                        Louis A. Simpson

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International Dispensing Corporation
February 22, 2000
Page 3


                                                        /s/ Gary Allanson
                                                        ------------------------
                                                        Gary Allanson

                                                        /s/ George Abbott
                                                        ------------------------
                                                        George Abbott

                                                        /s/ Reed Slatkin
                                                        ------------------------
                                                        Reed Slatkin



AGREED TO:

INTERNATIONAL DISPENSING
  CORPORATION

By: /s/ Gary Allanson
    -----------------
    Gary Allanson
    President