WAIVER UNDER SECURITIES PURCHASE AGREEMENT AND DEBENTUREWaiver Under Securities Purchase Agreement and Debenture • May 11th, 2007 • Arkados Group, Inc. • Services-business services, nec
THIS WAIVER, dated as of May 7, 2007 (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.
SEVENTH ADDITIONAL ISSUANCE AGREEMENT AND WAIVERSeventh Additional Issuance Agreement • May 11th, 2007 • Arkados Group, Inc. • Services-business services, nec
This Seventh Additional Issuance Agreement (this “Agreement”), dated as of May 7, 2007, 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” or the “New Purchaser”), Andreas Typaldos Family Limited Partnership (“Typaldos LP”), Pierce Diversified Strategy Master Fund, LLC – Series BUS (“Pierce”) Andreas Typaldos (“Typaldos”) and Crucian Transition, Inc. (“Crucian”) 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.
