Instrument Constituting Us$4,750,000 10% Senior Fixed Rate Secured Bond Sample Contracts

AMENDMENT TO INSTRUMENT CONSTITUTING US$4,750,000 10% SENIOR FIXED RATE SECURED BOND
Instrument Constituting Us$4,750,000 10% Senior Fixed Rate Secured Bond • August 14th, 2008 • Stockeryale Inc • Optical instruments & lenses • England

THIS AMENDMENT TO INSTRUMENT CONSTITUTING US$4,750,000 10% SENIOR FIXED RATE SECURED BOND (this “Amendment”) is entered into as of May 30, 2008 by and between Mark Hawtin (“Hawtin”), as assignee of The Eureka Interactive Fund Limited (“Eureka”), and StockerYale (UK) Limited, a corporation organized under the laws of England and Wales (the “Company”).

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