REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • June 22nd, 2007 • 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 (as amended, modified and supplemented from time to time, the “Purchase Agreement”).
STOCKERYALE, INC. SECURITIES PURCHASE AGREEMENT June 19, 2007Securities Purchase Agreement • June 22nd, 2007 • Stockeryale Inc • Optical instruments & lenses • New York
THIS SECURITIES PURCHASE AGREEMENT (the “Agreement”) is made and entered into as of June 19, 2007 by and between StockerYale, Inc., a Massachusetts corporation (the “Company”), and Laurus Master Fund, Ltd. (the “Purchaser”).
SECURED TERM NOTESecured Term Note • June 22nd, 2007 • 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 Two Million Three Hundred Eighteen Thousand One Hundred Eighty Dollars ($2,318,180) (the “Principal Amount”), together with any accrued and unpaid interest, on June 30, 2010 (the “Maturity Date”), if not sooner paid.
LAURUS MASTER FUND, LTD. c/o Laurus Capital Management, LLC New York, New York 10017Note Amendment Agreement • June 22nd, 2007 • Stockeryale Inc • Optical instruments & lenses • New York
Reference is made to (a) the Secured Term Note (the “Note”) dated December 30, 2005 made by StockerYale, Inc. (the “Company”) in favor of Laurus Master Fund, Ltd. (“Laurus”); Capitalized terms used herein that are not defined shall have the meaning given to them in the Note.
