WAIVER AND AMENDMENT TO SECURITIES PURCHASE AGREEMENT AND DEBENTURESecurities Purchase Agreement and Debenture • December 5th, 2006 • Arkados Group, Inc. • Services-business services, nec
THIS WAIVER AND AMENDMENT, dated as of November 30, 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.
THIRD ADDITIONAL ISSUANCE AGREEMENTThird Additional Issuance Agreement • December 5th, 2006 • Arkados Group, Inc. • Services-business services, nec
This Third Additional Issuance Agreement (this “Agreement”), dated November 30, 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”) and Bushido Capital Master Fund, LP (“Bushido” or the “New Purchaser,”), Pierce Diversified Strategy Master Fund, LLC - Series BUS (“Pierce”), 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.
