Franklin Ohio First Amendment to Sample Stock Purchase Agreement between Integrated Communication Networks, Inc. and PhoneXchange, Inc.

• Category: Corporations - Public - Stock Purchase Sample
• State: Multi-State
• County: Franklin
• Control #: US-EG-9148
• Format: Word; Rich Text

Description

First Amendment to Stock Purchase Agr. btwn Integrated Communication Networks, Inc. (a/k/a Global Access Pagers, Inc.), and PhoneXchange, Inc. dated February 29, 1999. 3 pages

The Franklin Ohio First Amendment to Sample Stock Purchase Agreement between Integrated Communication Networks, Inc. and PhoneXchange, Inc. is a legal document that outlines the modification or alteration made to the original stock purchase agreement between the two companies. This amendment serves to reflect a change or update in the terms, conditions, or provisions of the initial agreement. The main purpose of the First Amendment is to ensure that both parties are in agreement and have mutually consented to the revised terms. It helps to provide clarity, eliminate any ambiguities, and address any concerns or issues that have arisen since the original agreement was signed. The different types or categories of the Franklin Ohio First Amendment to Sample Stock Purchase Agreement between Integrated Communication Networks, Inc. and PhoneXchange, Inc. may include: 1. Amendment of Purchase Price and Payment Terms: This type of amendment could be necessary when there is a need to modify the purchase price of the stocks, revise the payment terms, or introduce any additional considerations related to the financial aspects of the agreement. 2. Modification of Closing Conditions: In some cases, certain conditions that were originally agreed upon as prerequisites for closing the stock purchase might need to be modified. This could include changes in regulatory approvals, consents, or any other closing conditions that have become impracticable or obsolete. 3. Alterations to Representations and Warranties: The First Amendment may also involve changes to the representations and warranties made by both parties regarding the stocks being purchased or any other pertinent information. This could be necessary to accurately reflect any new circumstances that have emerged or to correct any inaccuracies. 4. Adjustments to Indemnification and Limitation of Liability: Amendments might be made to the sections of the agreement that pertain to indemnification and limitation of liability. This could involve updating the terms related to the scope of indemnification, the duration of liability limitations, or any other relevant provisions. 5. Addition or Removal of Parties: The First Amendment could also accommodate changes in the parties involved in the stock purchase, such as the addition or removal of subsidiaries, affiliates, or individuals who may have acquired or disposed of shares since the original agreement was signed. It's important to note that the specific types and categories of the First Amendment will depend on the circumstances of the agreement and the specific needs of the parties involved. The content and language used in the amendment should be carefully drafted by legal professionals to accurately reflect the intent and agreement of the parties, ensuring the legality and enforceability of the revised terms.