Wake North Carolina 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: Wake
• 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 Wake North Carolina First Amendment to Sample Stock Purchase Agreement is a legally binding document that outlines the terms and conditions of a stock purchase agreement between Integrated Communication Networks, Inc. and PhoneXchange, Inc. This agreement protects the rights of both parties involved and ensures a fair and transparent transaction. The Wake North Carolina First Amendment to Sample Stock Purchase Agreement has several key components that outline the obligations and responsibilities of both Integrated Communication Networks, Inc. and PhoneXchange, Inc. These components can be categorized into different types: 1. Purchase and Sale Terms: This section specifies the number and type of shares being sold, the purchase price per share, and any adjustments to the purchase price. It also includes provisions for payment terms, including any escrow arrangements or installment payments. 2. Representations and Warranties: Integrated Communication Networks, Inc. and PhoneXchange, Inc. both provide assurances regarding their legal authority to enter into the agreement, ownership of the shares, absence of liens or encumbrances, and compliance with applicable laws and regulations. This section ensures that both parties are providing accurate and complete information. 3. Conditions Precedent: This part of the agreement outlines the conditions that must be met before the sale can be completed. These may include obtaining necessary government approvals, securing any required consents or waivers, and the absence of any material adverse changes in the business. 4. Covenants: Integrated Communication Networks, Inc. and PhoneXchange, Inc. agree to certain ongoing obligations, such as maintaining confidential information, providing access to books and records, and supporting any necessary regulatory filings. This section ensures that both parties continue to cooperate and fulfill their responsibilities after the sale. 5. Indemnification: Integrated Communication Networks, Inc. and PhoneXchange, Inc. agree to indemnify and hold each other harmless from any losses, liabilities, or expenses arising out of breaches of representations and warranties, or any other breaches of the agreement. This section protects both parties from any financial losses resulting from the transaction. By incorporating these essential components into the Wake North Carolina First Amendment to Sample Stock Purchase Agreement, Integrated Communication Networks, Inc. and PhoneXchange, Inc. can ensure a smooth and legally compliant transfer of shares. This agreement provides a framework for resolving any disputes and allows both parties to move forward with confidence in their business relationship.

The Wake North Carolina First Amendment to Sample Stock Purchase Agreement is a legally binding document that outlines the terms and conditions of a stock purchase agreement between Integrated Communication Networks, Inc. and PhoneXchange, Inc. This agreement protects the rights of both parties involved and ensures a fair and transparent transaction. The Wake North Carolina First Amendment to Sample Stock Purchase Agreement has several key components that outline the obligations and responsibilities of both Integrated Communication Networks, Inc. and PhoneXchange, Inc. These components can be categorized into different types: 1. Purchase and Sale Terms: This section specifies the number and type of shares being sold, the purchase price per share, and any adjustments to the purchase price. It also includes provisions for payment terms, including any escrow arrangements or installment payments. 2. Representations and Warranties: Integrated Communication Networks, Inc. and PhoneXchange, Inc. both provide assurances regarding their legal authority to enter into the agreement, ownership of the shares, absence of liens or encumbrances, and compliance with applicable laws and regulations. This section ensures that both parties are providing accurate and complete information. 3. Conditions Precedent: This part of the agreement outlines the conditions that must be met before the sale can be completed. These may include obtaining necessary government approvals, securing any required consents or waivers, and the absence of any material adverse changes in the business. 4. Covenants: Integrated Communication Networks, Inc. and PhoneXchange, Inc. agree to certain ongoing obligations, such as maintaining confidential information, providing access to books and records, and supporting any necessary regulatory filings. This section ensures that both parties continue to cooperate and fulfill their responsibilities after the sale. 5. Indemnification: Integrated Communication Networks, Inc. and PhoneXchange, Inc. agree to indemnify and hold each other harmless from any losses, liabilities, or expenses arising out of breaches of representations and warranties, or any other breaches of the agreement. This section protects both parties from any financial losses resulting from the transaction. By incorporating these essential components into the Wake North Carolina First Amendment to Sample Stock Purchase Agreement, Integrated Communication Networks, Inc. and PhoneXchange, Inc. can ensure a smooth and legally compliant transfer of shares. This agreement provides a framework for resolving any disputes and allows both parties to move forward with confidence in their business relationship.