FOURTH ADDITIONAL ISSUANCE AGREEMENT, AMENDMENT AND WAIVERFourth Additional Issuance Agreement • May 11th, 2007 • Arkados Group, Inc. • Services-business services, nec
This Fourth Additional Issuance Agreement (this “Agreement”), dated January 8, 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”) Andreas Typaldos Family Limited Partnership (“Typaldos LP” or the “New Purchaser”) and Bushido Capital Master Fund, LP (“Bushido”), Pierce Diversified Strategy Master Fund, LLC – Series BUS (“Pierce”) and Andreas Typaldos (“Typaldos”) 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.
