Exhibit
4.2
FIRST AMENDMENT TO
STOCK PURCHASE
AGREEMENT
BETWEEN
FLINT TELECOM GROUP, INC.
AND
CHINA VOICE HOLDING
CORP.
This FIRST
AMENDMENT dated April 24, 2009 is to delete and modify certain
terms and conditions to that certain Stock Purchase Agreement (the
“Agreement”) by and between Flint Telecom Group, Inc.
(“Flint”) and China Voice Holding Corp., A Nevada
Corporation (“CHVC”) dated January 29, 2009.
Unless
otherwise indicated, terms used herein that are defined in the
Agreement shall have the same meanings herein as in the
Agreement.
Effective as of
April 24, 2009, the following provision shall be amended and
restated as hereinafter provided:
Section
1.02(b): Purchaser shall pay to CHVC $500,000 by no
later than April 30, 2009. Additionally, Purchaser shall issue to
CHVC 1,000,000 ($1,000,000 issue price) of Series C preferred
stock, redeemable through the following payment schedule: $275,000
in May of 2009, with the remaining $725,000 redeemable in five
equal monthly instalment payments of $145,000 each, starting on
July 15, 2009. Alternatively, should Purchaser close on new funding
from a third party, the remaining $725,000 shall be redeemed
through one lump