COMMON STOCK PURCHASE WARRANT To Purchase ______ Shares of Common Stock of ARKADOS GROUP, INC.Security Agreement • August 11th, 2008 • 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 • August 11th, 2008 • 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”). The obligations represented by this Debenture are secured by and the holder hereof is entitled to the benefits of a security interest in the assets of the Company contained in the Security Agreement..
COMMON STOCK PURCHASE WARRANT To Purchase ______ Shares of Common Stock of ARKADOS GROUP, INC.Security Agreement • August 11th, 2008 • 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 Original Issuance Date set forth above (the “Initial Exercise Date”) and on or prior to the close of business on June 30, 2013 (the “Termination Date”) but not thereafter, to subscribe for and purchase from Arkados Group, 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).
ContractSecurities Purchase Agreement • August 11th, 2008 • Arkados Group, Inc. • Services-business services, nec
