, 1999
----------------------
------------------------
------------------------
------------------------
Re: Receivable Financing for Fonix Corporation
Accounts Receivable
-------------------------------
Dear
-------------------
Fonix Corporation (the "Company") appreciates your advice, counsel and work
in connection with the structuring of relationships between the Company and
various institutional lenders willing to provide receivable financing for the
contracts. As agreed, your fee will be paid in the
-----------------------
form of shares of unrestricted common stock of the
-----------------------
Company. We will promptly instruct our counsel to make the necessary filings to
have the shares issued as soon as possible.
Thank you again for your help and assistance.
Respectfully,
Xxxxx X. Xxxxxx
Executive Vice President
Accepted and Agreed to:
------------------------
------------------------
