SEC Contract Filing

Filing Date: 2015-01-12

Document Content:
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>a12302014_10x1.htm
<DESCRIPTION>STOCK PURCHASE AGREEMENT
<TEXT>
<HTML>
<head><title>STOCK PURCHASE AGREEMENT</title> </head> <body vlink=purple link=blue lang=EN-US> <div style=page:WordSection1> <p style="FONT-SIZE:12pt; FONT-FAMILY:'Garamond','serif'; TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align=center><b><font style="FONT-FAMILY:'Times New Roman','serif'">STOCK PURCHASE AGREEMENT</font></b></p> <p style="FONT-SIZE:12pt; FONT-FAMILY:'Garamond','serif'; TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align=center>&nbsp;</p> <p style="FONT-SIZE:12pt; FONT-FAMILY:'Times New Roman','serif'; TEXT-ALIGN:justify; MARGIN:0in 0in 12pt; TEXT-INDENT:0.5in">THIS STOCK PURCHASE AGREEMENT (the &#147;Agreement&#148;) is made as of the 30th day of December, 2014, by and between Advanced Voice Recognition Systems, Inc., a Nevada corporation (&#147;AVRS&#148;) and the Purchaser.&nbsp; Advanced Voice Recognition Systems, Inc. and the Purchaser are collectively referred to as the &#147;Parties.&#148;</p> <p style="FONT-SIZE:12pt; FONT-FAMILY:'Times New Roman','serif'; TEXT-ALIGN:justify; MARGIN:0in 0in 12pt; TEXT-INDENT:0.5in">In consideration of the premises and the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:</p> <h1 style="FONT-SIZE:12pt; FONT-FAMILY:'Times New Roman','serif'; FONT-WEIGHT:normal; TEXT-ALIGN:justify; MARGIN:0in 0in 12pt; TEXT-INDENT:0.5in">1.<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><u>Purchase and Sale of the Shares</u>.&nbsp; </h1> <h2 style="FONT-SIZE:12pt; FONT-FAMILY:'Times New Roman','serif'; FONT-WEIGHT:normal; TEXT-ALIGN:justify; MARGIN:0in 0in 12pt; TEXT-INDENT:1in">a.<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><u>Purchase and Sale</u>.&nbsp; Subject to the terms and conditions of this Agreement, the Purchaser agrees to purchase from AVRS, and AVRS agrees to sell to the Purchaser, 500,000 shares of the common stock of AVRS, referred to as the &#147;Shares&#148;.&nbsp; </h2> <h2 style="FONT-SIZE:12pt; FONT-FAMILY:'Times New Roman','serif'; FONT-WEIGHT:normal; TEXT-ALIGN:justify; MARGIN:0in 0in 12pt; TEXT-INDENT:1in">b.<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><u>Purchase Price</u>.&nbsp; The purchase price for the Shares is $.006 per share, or $3,000.</h2> <h2 style="FONT-SIZE:12pt; FONT-FAMILY:'Times New Roman','serif'; FONT-WEIGHT:normal; TEXT-ALIGN:justify; MARGIN:0in 0in 12pt; TEXT-INDENT:1in">c.<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><u>Payments</u>.&nbsp; The purchase price for 500,000 Shares totaling $3,000 will be paid on or before December 31, 2014.</h2> <h2 style="FONT-SIZE:12pt; FONT-FAMILY:'Times New Roman','serif'; FONT-WEIGHT:normal; TEXT-ALIGN:justify; MARGIN:0in 0in 12pt; TEXT-INDENT:1in">d.<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><u>Certificates for the Shares</u>.&nbsp; Promptly after receipt of payment of the purchase price, AVRS shall instruct its transfer agent to prepare a stock certificate for the purchased Shares for delivery to the Purchaser at the Purchaser&#146;s address set forth on the signature page to this Agreement.&nbsp; Each certificate shall have a legend substantially as follows:&nbsp; THE OFFERED SHARES ARE RESTRICTED SECURITIES PURSUANT TO THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE &#147;ACT&#148;), AND SUBJECT TO CERTAIN IMPORTANT LIMITATIONS ON THEIR RESALE OR OTHER TRANSFER.&nbsp; THESE SHARES MAY NOT BE RESOLD OR TRANSFERRED UNLESS THE SHARES ARE REGISTERED PURSUANT TO THE ACT AND QUALIFIED PURSUANT TO THE APPLICABLE STATE STATUTES, UNLESS AN EXEMPTION FROM SUCH REGISTRATION AND QUALIFICATION IS DEMONSTRATED TO THE SATISFACTION OF THE COMPANY.</h2> <h1 style="FONT-SIZE:12pt; FONT-FAMILY:'Times New Roman','serif'; FONT-WEIGHT:normal; TEXT-ALIGN:justify; MARGIN:0in 0in 12pt; TEXT-INDENT:0.5in">2.<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><u>Representations and Warranties of AVRS</u>.&nbsp; AVRS represents and warrants to the Purchaser as follows:</h1> <h2 style="FONT-SIZE:12pt; FONT-FAMILY:'Times New Roman','serif'; FONT-WEIGHT:normal; TEXT-ALIGN:justify; MARGIN:0in 0in 12pt; TEXT-INDENT:1in">a.<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><u>Due Incorporation and Good Standing</u>.&nbsp; AVRS is a corporation duly organized, validly existing and in good standing under the laws of the state of Nevada.&nbsp; </h2> <h2 style="FONT-SIZE:12pt; FONT-FAMILY:'Times New Roman','serif'; FONT-WEIGHT:normal; TEXT-ALIGN:justify; MARGIN:0in 0in 12pt; TEXT-INDENT:1in">b.<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><u>Due Authorization</u>.&nbsp; All corporate action on the part of AVRS necessary for the authorization, execution and delivery of the Agreement and the performance of the obligations of AVRS hereunder, and the authorization, issuance, sale and delivery of the Shares has been taken, and this Agreement constitutes a valid and legally binding obligation of AVRS, enforceable in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general a