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
• 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 North Carolina First Amendment to Sample Stock Purchase Agreement is a legal document that outlines the specific changes and modifications made to an original stock purchase agreement between Integrated Communication Networks, Inc. (ICN) and PhoneXchange, Inc. This amendment aims to address and alter certain provisions of the initial agreement to meet the evolving needs of both parties involved. Key provisions within the North Carolina First Amendment to Sample Stock Purchase Agreement may encompass various aspects, including: 1. Amended Purchase Price: This section outlines any changes or adjustments made to the purchase price specified in the original agreement. It may address factors such as new valuations, negotiations, or revised terms that impact the cost of the stock purchase. 2. Modified Closing Date: In some cases, parties may need to extend or reduce the originally agreed-upon closing date for various reasons. This amendment would detail any adjustments made to the closing timeframe and establish the new date for completing the transaction. 3. Revised Representations and Warranties: The amendment might also cover new or modified representations and warranties from both ICN and PhoneXchange. These sections ensure that both parties have provided accurate and up-to-date information about their respective financial standings, operations, and legal compliance. 4. Altered Conditions Precedent: Conditions precedent refer to specific requirements or events that must occur before the stock purchase agreement becomes binding and enforceable. Amendments may modify or add to these conditions, allowing the parties to align the agreement with their current needs and expectations. 5. Additional Indemnification Clauses: The amendment might introduce new indemnification clauses or modify existing ones to address any potential liabilities, risks, or obligations arising after the original agreement's execution. These clauses outline the responsibilities of each party in case of breaches, defaults, or other unforeseen circumstances. 6. Other Miscellaneous Changes: The first amendment may include any additional modifications, clarifications, or contingencies necessary to ensure the stock purchase agreement aligns with North Carolina's state laws and regulations. Various types of North Carolina First Amendment to Sample Stock Purchase Agreement may exist based on the specific alterations required for the original agreement. These types might include: 1. Price Adjustment Amendment: This type of amendment focuses on altering the purchase price, addressing factors such as valuation updates or changes in market conditions impacting the stock's value. 2. Closing Date Amendment: A closing date amendment primarily aims to amend the timeframe within which the stock purchase should be finalized. It could extend or reduce the original timeframe to accommodate changing circumstances. 3. Representations and Warranties Amendment: This amendment type focuses primarily on revising and updating the representations and warranties provided in the original agreement to reflect new information or changes related to the parties involved. 4. Conditions Precedent Amendment: A conditions precedent amendment adjusts the original requirements or events that must be met before the stock purchase agreement becomes effective. It may add or modify conditions, ensuring both parties' compliance with new or revised terms. 5. Indemnification Amendment: This amendment type adds or modifies indemnification clauses within the stock purchase agreement to address any additional risks or liabilities identified after the initial agreement's execution. Remember, specific North Carolina First Amendment to Sample Stock Purchase Agreement types may vary based on the unique circumstances and requirements of ICN and PhoneXchange. It is crucial for parties to seek legal advice and consult the appropriate resources to draft the most applicable amendment for their situation.