COMMON STOCK PURCHASE WARRANT To Purchase ______ Shares of Common Stock of ARKADOS GROUP, INC.Security Agreement • December 21st, 2007 • Arkados Group, Inc. • Services-business services, nec
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, ________________ (the “Holder”), is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or prior to the close of business on the December 28, 2012 (the “Termination Date”) but not thereafter, to subscribe for and purchase from Arkados Group, Inc. (formerly CDKNet.com, Inc.), a Delaware corporation (the “Company”), up to _________ shares (the “Warrant Shares”) of Common Stock, par value $.0001 per share, of the Company (the “Common Stock”). The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
6% SECURED CONVERTIBLE DEBENTURE DUE DECEMBER 28, 2008Convertible Security Agreement • December 21st, 2007 • Arkados Group, Inc. • Services-business services, nec • New York
THIS SECURED DEBENTURE is one of a series of duly authorized and issued 6% Secured Convertible Debentures of Arkados Group, Inc. (formerly CDKNet.com, Inc.), a Delaware corporation, having a principal place of business at 220 Old New Brunswick Road, 2nd Floor, Piscataway, NJ 08854 (the “Company”), designated as its 6% Secured Convertible Debenture, due December 28, 2008 (this debenture, the “Debenture” and collectively with the other such series of debentures, the “Debentures”).
TENTH ADDITIONAL ISSUANCE AGREEMENT AND WAIVERTenth Additional Issuance Agreement • December 21st, 2007 • Arkados Group, Inc. • Services-business services, nec
This Tenth Additional Issuance Agreement (this “Agreement”) 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”), Andreas Typaldos Family Limited Partnership (“Typaldos LP”), Andreas Typaldos, individually (“Typaldos”), William H. Carson (“Carson”), Gennaro Vendome (“Vendome” and, together with Typaldos LP, Typaldos and Carson, the “New Purchasers”), Bushido Capital Master Fund, LP (“Bushido”), Pierce Diversified Strategy Master Fund, LLC – Series BUS (“Pierce”), Katherine Typaldos, individually (“K Typaldos”), Herbert H. Sommer (“Sommer”), Joel C. Schneider (“Schneider”) 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”). This Agreement is dated as of th
WAIVER AND AMENDMENT TO SECURITIES PURCHASE AGREEMENT AND DEBENTURESecurities Purchase Agreement and Debenture • December 21st, 2007 • Arkados Group, Inc. • Services-business services, nec
THIS WAIVER AND AMENDMENT, dated as of date executed by the Company (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.
