COMMON STOCK PURCHASE WARRANT To Purchase up to 500,000 Shares of the Common Stock of ARCADIA RESOURCES, INC.Warrant Agreement • April 28th, 2010 • Arcadia Resources, Inc • Services-personal services • Indiana
THIS IS TO CERTIFY THAT H. D. Smith Wholesale Drug Co., or registered assigns (the “Holder”), is entitled, during the Exercise Period (as hereinafter defined), to purchase from Arcadia Resources, Inc., a Nevada corporation (the “Company”), the Warrant Stock (as hereinafter defined), in whole or in part, at a purchase price of the lower of (i) $0.40 per share or (ii) the prior ten day closing average for the ten business days prior to and including the Vesting Date, all on and subject to the terms and conditions hereinafter set forth.
Pledge AgreementPledge Agreement • April 28th, 2010 • Arcadia Resources, Inc • Services-personal services • Indiana
This Pledge Agreement is entered into as of April 23, 2010, by and between Arcadia Resources, Inc., a Nevada corporation (“Pledgor”), and H. D. Smith Wholesale Drug Co., a Delaware corporation (“Pledgee”).
Unlimited Continuing GuarantyUnlimited Continuing Guaranty • April 28th, 2010 • Arcadia Resources, Inc • Services-personal services • Indiana
This Unlimited Continuing Guaranty (the “Guaranty”) is made as of the 23rd day of April, 2010, by Arcadia Resources, Inc., a Nevada corporation (the “Guarantor”), in favor of H. D. Smith Wholesale Drug Co., a Delaware corporation (the “Lender”), pursuant to that certain Line of Credit and Security Agreement, as it may be amended, modified or supplemented from time to time (the “Credit Agreement”) of even date herewith, between PrairieStone Pharmacy, LLC, a Delaware limited liability company (the “Borrower”), and Lender. Unless otherwise defined herein, capitalized terms used herein shall have the meanings ascribed to them in the Credit Agreement.
LINE OF CREDIT AND SECURITY AGREEMENTLine of Credit and Security Agreement • April 28th, 2010 • Arcadia Resources, Inc • Services-personal services • Indiana
This Line of Credit and Security Agreement (this “Agreement”) is made as of April 23rd, 2010 (the “Closing Date”), by and between Prairiestone Pharmacy, LLC, a Delaware limited liability company (“PrairieStone” or “Borrower”) and H. D. Smith Wholesale Drug Co., a Delaware corporation (“Lender”).
