The Illinois First Amendment to the Sample Stock Purchase Agreement between Integrated Communication Networks, Inc. and PhoneXchange, Inc. is a legal document that modifies certain terms and conditions of the original agreement. This amendment is specific to transactions and agreements related to the purchase of stock in Illinois, and it ensures that both parties are aware of and agree to the modifications being made. This amendment serves to protect the rights and interests of both Integrated Communication Networks, Inc. and PhoneXchange, Inc. by outlining any changes to the original agreement that may have occurred due to evolving business circumstances or new legal requirements. It helps to clarify any ambiguities or uncertainties that may have arisen in the initial agreement and allows the parties to adapt to the changing business landscape. Some common types of Illinois First Amendments to the Stock Purchase Agreement include: 1. Amendment of Purchase Price: This type of amendment may be necessary if there have been changes in the valuation of the company or if new financial information has come to light. It outlines the revised purchase price and any adjustments that need to be made. 2. Amendment of Closing Date: If there is a need to extend or alter the closing date specified in the original agreement, this amendment will include the new date or any alternative arrangements that have been agreed upon. 3. Amendment of Representations and Warranties: This amendment is used if there is a need to update or modify any of the representations and warranties made by either party in the original agreement. It helps ensure that all information provided remains accurate and up to date. 4. Amendment of Conditions Precedent: In some cases, certain conditions precedent outlined in the original agreement may no longer be applicable or need to be modified. This amendment will outline the changes to these conditions and provide clarity to both parties. 5. Amendment of Governing Law and Jurisdiction: If there is a need to change the governing law or jurisdiction specified in the original agreement, this type of amendment will outline the new law or jurisdiction that will be applied. These are just a few examples of the various types of Illinois First Amendments to Sample Stock Purchase Agreements that may exist. The specific type and content of an amendment will depend on the circumstances of the transaction and the needs of the parties involved. It is advisable to consult with legal professionals to ensure the amendment accurately reflects the intentions and requirements of both parties.