EXHIBIT 4.13
October 17, 2000
VIA E-MAIL
Board of Directors
Applied Voice Recognition, Inc.,
d/b/a x-XXXX.xxx
Re: Authorized Shares of Common Stock ("Common Stock") of Applied Voice
Recognition, Inc., d/b/a x-XXXX.xxx (the "Corporation"); Options to
Purchase Common Stock (the "Options")
Gentlemen:
In connection with filing the Form SB-2 Registration Statement, we request
your agreement that, due to the lack of authorized, unissued shares of Common
Stock, no director of the Corporation will exercise any Options held by him
until an amendment to the Certificate of Incorporation of the Corporation
increasing the number of authorized shares of Common Stock is approved, which is
anticipated to occur at the next annual meeting of stockholders, tentatively
scheduled for the first week of December, 2000. Please acknowledge your
agreement to the terms set forth herein by signing in the space provided below
and returning this letter with your signature to me by fax as soon as possible.
We will be filing the Form SB-2 Registration Statement early next week and
failure to have this letter agreement in place for each director will prohibit
or delay such filing.
Thank you for prompt attention to this matter.
Very truly yours,
APPLIED VOICE RECOGNITION, INC., d/b/a
x-XXXX.xxx
X. Xxxxxxx Xxxxx
Chairman
Board of Directors
Applied Voice Recognition, Inc.
Page 2
_______________________________
AGREED TO AND ACCEPTED
by the undersigned this day
of October, 2000:
_______________________________
Printed Name: _________________
