Utah Warrant Agreement of Integrated Communication Networks, Inc. refers to a legal contract executed in the state of Utah, pertaining to the issuance and exercise of warrants by Integrated Communication Networks, Inc. (ICN). The Utah Warrant Agreement serves as a legally binding document that outlines the terms and conditions under which warrants can be issued and exercised for the purchase of common stock or other securities of ICN. It lays down the procedures, rights, and obligations associated with the warrants, ensuring transparency, fairness, and compliance with applicable laws. Under the Utah Warrant Agreement of ICN, different types of warrants may be included, such as: 1. Stock Purchase Warrants: These warrants entitle the holder to purchase a specific number of shares of ICN's common stock at a predetermined exercise price within a specified period. 2. Cash Warrants: Cash warrants refer to warrants that grant the holder the right to receive a cash payment, typically upon the occurrence of certain agreed-upon events or conditions. 3. Performance-Based Warrants: This type of warrant is contingent upon the achievement of specific performance targets or milestones. Once these targets are met, the warrant holder gains the right to exercise the warrants and acquire the underlying securities. 4. Redeemable Warrants: Redeemable warrants allow the issuing company to repurchase the warrants from the holder at a predetermined price and within a specific timeframe. 5. Expired Warrants: When the validity period ends or if the warrant is not exercised within a specified timeframe, it is considered an expired warrant and becomes null and void without any value. The Utah Warrant Agreement of Integrated Communication Networks, Inc. provides detailed provisions regarding the terms, conditions, exercise price, exercise period, transferability, and other relevant aspects associated with the warrants. It aims to ensure clarity and protect the interests of both ICN and the warrant holders. Please note that this is a fictional description and does not represent an actual Utah Warrant Agreement of Integrated Communication Networks, Inc.