REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • January 4th, 2006 • Stockeryale Inc • Optical instruments & lenses • New York
This Agreement is being entered into in connection with a Securities Purchase Agreement dated as of the date hereof by and between the Purchaser and the Company (the “Purchase Agreement”).
STOCKERYALE, INC. SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • January 4th, 2006 • Stockeryale Inc • Optical instruments & lenses • New York
THIS SECURITIES PURCHASE AGREEMENT (the “Agreement”) is made and entered into as of December 30, 2005, by and between StockerYale, Inc., a Massachusetts corporation (the “Company”), and Laurus Master Fund, Ltd. (the “Purchaser”).
SECURED TERM NOTESecured Term Note • January 4th, 2006 • Stockeryale Inc • Optical instruments & lenses • New York
FOR VALUE RECEIVED, STOCKERYALE, INC., a Massachusetts corporation (the “Borrower”), hereby promises to pay to LAURUS MASTER FUND, LTD., c/o M&C Corporate Services Limited, P.O. Box 309 GT, Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands, Fax: 345-949-8080 (the “Holder”) or its registered assigns or successors in interest, without demand, the sum of Four Million Dollars ($4,000,000) (the “Principal Amount”), together with any accrued and unpaid interest, on December 30, 2008 (the “Maturity Date”), if not sooner paid.
