The Michigan Warrant Agreement of Integrated Communication Networks, Inc. (ICN) is a legal document that outlines the terms and conditions of warrants issued by ICN, a technology company based in Michigan. The agreement serves as a contract between ICN and its warrant holders, specifying the rights and obligations associated with these warrants. Keywords: Michigan, Warrant Agreement, Integrated Communication Networks, Inc., ICN, technology company, terms and conditions, warrants, contract, rights, obligations. ICN offers various types of warrants as part of its Michigan Warrant Agreement, each providing different rights and benefits to the warrant holders. The specific types of warrants may include: 1. Stock Warrants: These warrants give the holder the right to purchase a specific number of shares of ICN's stock at a predetermined price within a specified period. Stock warrants can provide investors with significant potential returns if the stock price appreciates during the warrant's life. 2. Convertible Warrants: Convertible warrants allow the holder to convert their warrants into common stock or other securities of ICN. This gives the warrant holder the flexibility to participate in the potential growth of ICN while also having the option to convert the warrants into equity. 3. Exercisable Warrants: Exercisable warrants are those that can be exercised by the warrant holder to purchase the underlying securities of ICN, typically at a predetermined strike price. These warrants give the holder the right to buy shares of ICN's stock at a specified price within a specific timeframe. 4. Transferable Warrants: Transferable warrants are a type of warrant that can be transferred or sold by the original holder to another party. These warrants provide the holder with the ability to realize value from the warrants by selling them to interested buyers in the secondary market. 5. Non-Transferable Warrants: Non-transferable warrants, in contrast to transferable warrants, cannot be transferred or sold to third parties. The warrant holder must retain ownership of the warrants until they are exercised, expired, or redeemed according to the terms set forth in the Michigan Warrant Agreement. The Michigan Warrant Agreement of Integrated Communication Networks, Inc. plays a vital role in defining the rights, obligations, and conditions associated with the various types of warrants offered by ICN. It ensures clarity and transparency in the relationship between ICN and its warrant holders, facilitating the efficient trading and utilization of warrants in accordance with relevant laws and regulations.