Salt Lake Utah 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: Salt Lake
• 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 Salt Lake Utah First Amendment to Sample Stock Purchase Agreement between Integrated Communication Networks, Inc. and PhoneXchange, Inc. is a legally binding document that outlines the modification made to the original stock purchase agreement between the two companies. This amendment serves to incorporate certain changes or addendums in order to better reflect the evolving business landscape and address any issues that may have arisen. The primary objective of the Salt Lake Utah First Amendment is to ensure both parties' rights, obligations, and responsibilities are clearly defined and protected. It solidifies the terms and conditions agreed upon by Integrated Communication Networks, Inc. and PhoneXchange, Inc. regarding the purchase and sale of stocks, ensuring a fair and transparent transaction. Some key provisions that may be addressed in the Salt Lake Utah First Amendment include: 1. Amendments to share valuation: This amendment may modify the original stock valuation provisions, taking into account any changes in the market value or assets of the companies. 2. Additional stock issuance: The amendment may permit the issuance of additional stocks to either party, allowing for future expansions or capital requirements. 3. Alteration of voting rights: The amendment may entail changes in the voting rights of the stockholders, potentially giving one party more influence or control over certain decisions. 4. Adjustment of purchase price: In cases where there are discrepancies in the initial purchase price, the amendment can establish mechanisms to adjust price variations, ensuring fairness. 5. Additional representations and warranties: The Salt Lake Utah First Amendment may introduce new representations and warranties to cover any additional information or assurances required by either party. 6. Indemnification provisions: The amendment can expand or modify the indemnification provisions, outlining the obligations of each party to protect the other in case of any legal claims or liabilities. It's important to note that the specific clauses and terms in the Salt Lake Utah First Amendment may vary depending on the circumstances of the transaction and the parties involved. Therefore, it is crucial to consult legal professionals to ensure compliance with applicable laws and regulations.

The Salt Lake Utah First Amendment to Sample Stock Purchase Agreement between Integrated Communication Networks, Inc. and PhoneXchange, Inc. is a legally binding document that outlines the modification made to the original stock purchase agreement between the two companies. This amendment serves to incorporate certain changes or addendums in order to better reflect the evolving business landscape and address any issues that may have arisen. The primary objective of the Salt Lake Utah First Amendment is to ensure both parties' rights, obligations, and responsibilities are clearly defined and protected. It solidifies the terms and conditions agreed upon by Integrated Communication Networks, Inc. and PhoneXchange, Inc. regarding the purchase and sale of stocks, ensuring a fair and transparent transaction. Some key provisions that may be addressed in the Salt Lake Utah First Amendment include: 1. Amendments to share valuation: This amendment may modify the original stock valuation provisions, taking into account any changes in the market value or assets of the companies. 2. Additional stock issuance: The amendment may permit the issuance of additional stocks to either party, allowing for future expansions or capital requirements. 3. Alteration of voting rights: The amendment may entail changes in the voting rights of the stockholders, potentially giving one party more influence or control over certain decisions. 4. Adjustment of purchase price: In cases where there are discrepancies in the initial purchase price, the amendment can establish mechanisms to adjust price variations, ensuring fairness. 5. Additional representations and warranties: The Salt Lake Utah First Amendment may introduce new representations and warranties to cover any additional information or assurances required by either party. 6. Indemnification provisions: The amendment can expand or modify the indemnification provisions, outlining the obligations of each party to protect the other in case of any legal claims or liabilities. It's important to note that the specific clauses and terms in the Salt Lake Utah First Amendment may vary depending on the circumstances of the transaction and the parties involved. Therefore, it is crucial to consult legal professionals to ensure compliance with applicable laws and regulations.