The South Dakota First Amendment to Sample Stock Purchase Agreement between Integrated Communication Networks, Inc. and PhoneXchange, Inc., is a legal document that outlines certain modifications or additions made to the original Stock Purchase Agreement between the two companies. This amendment ensures that both parties are on the same page regarding any changes in terms, conditions, or rights previously agreed upon. Keywords: South Dakota, First Amendment, Sample Stock Purchase Agreement, Integrated Communication Networks, Inc., PhoneXchange, Inc. In South Dakota, a First Amendment to a Sample Stock Purchase Agreement is a legally binding document that serves to amend the original stock purchase agreement between Integrated Communication Networks, Inc. and PhoneXchange, Inc. This amendment outlines any changes made to the previous agreement and ensures that both parties have a clear understanding of their rights and obligations moving forward. Types of South Dakota First Amendment to Sample Stock Purchase Agreement: 1. Amendment to the Purchase Price: This type of amendment outlines any revisions to the purchase price agreed upon in the original stock purchase agreement. It may specify increases, decreases, or modifications to the payment terms. 2. Amendment to Closing Date: This type of amendment addresses any changes to the originally agreed-upon closing date. It may be necessary if both parties require more time to fulfill the conditions precedent or if they decide to expedite the closing process. 3. Amendment to Representations and Warranties: This type of amendment focuses on revising or adding representations and warranties made by either party. It ensures that both Integrated Communication Networks, Inc. and PhoneXchange, Inc. accurately represent their financial, legal, and operational status. 4. Amendment to Indemnification Clause: This type of amendment modifies the indemnification clause of the stock purchase agreement. It may adjust the scope, limitations, or obligations relating to indemnifying one party against potential losses or damages arising from the transaction. 5. Amendment to Governing Law: This type of amendment addresses any desired changes to the governing law of the stock purchase agreement. It ensures that both parties agree on the jurisdiction whose laws will govern the interpretation and enforcement of the agreement. It is crucial to consult legal professionals and ensure compliance with South Dakota's laws when drafting or executing any First Amendment to a Sample Stock Purchase Agreement.