WAIVER AND AMENDMENT TO SECURITIES PURCHASE AGREEMENT AND DEBENTURESecurities Purchase Agreement and Debenture • October 30th, 2006 • Arkados Group, Inc. • Services-business services, nec
THIS WAIVER AND AMENDMENT, dated as of October 24, 2006 (the “Waiver”), to the Securities Purchase Agreement, dated as of December 28, 2005, as amended (the “Purchase Agreement”), and the 6% Secured Convertible Debenture due December 28, 2008 (the “Debenture”) is by and among Arkados Group, Inc. (formerly CDKNET.COM, Inc.), a Delaware corporation (the “Company”), and the purchasers signatory hereto (each such purchaser, a “Purchaser” and, collectively, the “Purchasers”). Capitalized terms used and not otherwise defined herein that are defined in the Purchase Agreement shall have the meanings given such terms in the Purchase Agreement.
SECOND ADDITIONAL ISSUANCE AGREEMENTSecond Additional Issuance Agreement • October 30th, 2006 • Arkados Group, Inc. • Services-business services, nec
This Second Additional Issuance Agreement (this “Agreement”), dated October 24, 2006, is made pursuant to that certain Securities Purchase Agreement, dated as of June 30, 2006, as amended (the “Purchase Agreement”), by and between Arkados Group, Inc. (formerly CDKNET.COM, Inc.) (the “Company”), Bushido Capital Master Fund, LP (“Bushido”), Pierce Diversified Strategy Master Fund, LLC - Series BUS (“Pierce” and together with Bushido, the “New Purchasers” and each a “New Purchaser”), Andreas Typaldos (“Typaldos”) and Andreas Typaldos Family Limited Partnership (“Typaldos LP”) for the purchase of the Company’s 6% Secured Convertible Debenture due December 28, 2008 (the “Debenture”) and the Common Stock purchase warrant issued in connection therewith (the “Warrant”). Capitalized terms used and not otherwise defined herein that are defined in the Purchase Agreement shall have the meanings given such terms in the Purchase Agreement.
