Document:

Registration Rights Agreement

 Exhibit 10.79 
 LAURUS MASTER FUND, LTD. 
 c/o Laurus Capital Management, LLC 
 335 Madison Avenue 
 New York, New
York 10017 
 December 28, 2007 
 StockerYale, Inc.

 32 Hampshire Road 
 Salem, New Hampshire 03079 
 Attention: Chief Financial Officer 
 Re: Registration
Rights Agreement Amendment 
 Gentlemen: 
 Reference is made to the Registration Rights Agreement (“Agreement”) dated June 19, 2007 between StockerYale, Inc. (the “Company”) and Laurus Master Fund, Ltd. (“Laurus”); Capitalized
terms used herein that are not defined shall have the meaning given to them in the Agreement. 
 The Company has requested that Laurus amend
the Agreement and Laurus is willing to do so on the terms and conditions set forth below. 
 In consideration of the agreements set forth
herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree that: 
 1. the definition of “Effectiveness Date” appearing in Section 1 of the Agreement is amended and restated in its entirety to read as follows: 
 “Effectiveness Date” means the 60th day following the Filing Date.” 
 2. the definition of “Filing
Date” appearing in Section 1 of the Agreement is amended and restated in its entirety to read as follows: 
 “Filing
Date” means, with respect to the Registration Statement required to be filed hereunder, the 135th day following the Amendment Date.” 
 3. a new definition of “Amendment Date” shall be added to Section 1 of the Agreement in proper alphabetical order and shall read as follows: 
 “Amendment Date” means December 28, 2007.” 
 Except as specifically amended
herein, the Agreement shall remain in full force and effect, and is hereby ratified and confirmed. The execution, delivery and effectiveness of this letter agreement shall not operate as a waiver of any right, power or remedy of Laurus, nor
constitute a waiver of any provision of the Agreement. 

 This letter agreement shall be binding upon and inure to the benefit of the parties hereto and their
respective administrators, successors and assigns and shall be governed by and construed in accordance with the laws of the State of New York. 
 [Remainder of the page intentionally blank.] 
  

 2 

 This letter agreement may be executed by the parties hereto in one or more counterparts, each of which
shall be deemed an original and all of which when taken together shall constitute one and the same agreement. Any signature delivered by a party by facsimile transmission shall be deemed to be an original signature hereto. 
  

			
	Very truly yours,
	
	LAURUS MASTER FUND, LTD.
		
	By:	 	Laurus Capital Management, LLC, its
		 	investment manager
		
	By:	 	 /s/ Scott Bluestein

	Name:	 	Scott Bluestein
	Title:	 	Authorized Signatory

 CONSENTED AND AGREED TO: 
  

			
	STOCKERYALE, INC.
		
	By:	 	 /s/ Marianne Molleur

	Name:	 	Marianne Molleur
	Title:	 	Senior Vice President and Chief Financial Officer
	
	STOCKERYALE CANADA, INC.
		
	By:	 	 /s/ Mark W. Blodgett

	Name:	 	Mark W. Blodgett
	Title:	 	President
	
	LASIRIS HOLDINGS, INC.
		
	By:	 	 /s/ Mark W. Blodgett

	Name:	 	Mark W. Blodgett
	Title:	 	President

  

 3Authorization of Loan dated November 20, 1998 by Winter Horton

 Exhibit 10.6 
 LIBERMAN BROADCASTING, INC. 
 AUTHORIZATION 
 LIBERMAN BROADCASTING, INC. 
 5724 Hollywood Boulevard 
 Hollywood, California 90028 
 Ladies & Gentlemen: 
 I, Winter Horton, am an employee of Liberman Broadcasting, Inc. (“LBI”) and I hereby acknowledge receipt of LBI Check No. 24957 in the amount of $ 30,000.00
(the “Loan”). I agree that said amount has been provided to me by LBI as a Loan to be repaid by me in equal semi-monthly installments of $______ (the “Installment Amount”). 
 In consideration for having been given the Loan, I specifically authorize LBI to deduct the Installment Amount from my gross earnings every payroll period beginning with
the payroll period ending on _______________, and to apply the amount so deducted to the balance then outstanding on the Loan. These deductions are to continue until such time as the total balance due on the Loan has been paid in full or until the
termination of my employment, whichever occurs first. 
 I understand that if my employment with LBI terminates for any reason, and I have not repaid the
Loan in full, any outstanding balance will still be owed LBI and I agree to repay that outstanding balance immediately following termination of my employment. At the time of my termination, I hereby expressly authorize Liberman Broadcasting, Inc. to
deduct any remaining unpaid balance from Liberman Broadcasting. Inc.’s final payment to me of accrued wages and/or vacation. I also understand and agree that the regular deductions referred to above will be deducted from my paycheck over and
above any other deductions which I have authorized, or which are required by law. 
 I have signed and delivered this instrument to LBI this 20 day of
November, 1998. 
  

	
	
	/s/ Winter W. Horton
	Signature
	
	Winter W. Horton
	Print NameUnsecured Promissory note dated November 22, 2002 by Winter Horton

 Exhibit 10.7 
 UNSECURED PROMISSORY NOTE 
  

			
	$ 36,000	  	 Los Angeles, California
 November 22, 2002

 1. Promise to Pay. For value received, Winter Horton (jointly and severally,
“Borrower”) promises to pay to the order of LIBERMAN BROADCASTING, INC. (“Lender”), at such place as Lender may from time to time designate in writing, the sum of Thirty Six Thousand and no/100 Dollars
($36,000), with interest accruing at the rate of eight percent (8%) annually; provided, however, if Borrower elects to voluntarily prepay this Note as permitted hereunder or if Borrower has paid all principal outstanding under
this Note as of the Maturity Date, Lender agrees to waive all accrued interest under this Note. 
 2. Payments. All sums payable under
this Note shall be payable on or before January 1, 2010 (the “Maturity Date”), at which time the entire amount of this Note shall be due and payable. Payments shall be paid in lawful money of the United States of America. If
the date upon which a payment is due under this Note (the “Payment Date”) falls on a Saturday, Sunday or legal holiday under the laws of the State of California, then such payment shall instead be due and payable on the first day
following such Payment Date which is not a Saturday, Sunday, or legal holiday under the laws of the State of California. Borrower may pay all or any part of the outstanding balance hereof at any time without any premium or penalty whatsoever.

 3. No Offset. Borrower shall not be entitled to any offset, abatement or reduction in the outstanding amounts due hereunder by reason
of any obligation owed by Lender to Borrower or any agreement between Borrower and Lender. 
 4. Waivers. Borrower hereby waives
diligence, presentment, protest and demand, notice of protest, dishonor and nonpayment of this Note. 
 5. Remedies of Lender. Upon the
occurrence of a default in any of Borrower’s obligations hereunder, Lender shall have the option to declare the entire unpaid amount of this Note immediately due and payable, to demand payment thereof and to exercise all rights and remedies
then available to Lender hereunder or under applicable law. No delay or omission on the part of Lender in exercising any right under this Note shall operate as a waiver of such right or any other right of Lender. The remedies of Lender as provided
herein, and in any other agreement between Lender and Borrower, or at law or in equity, shall be cumulative and concurrent, and may be pursued singly, successively, or together at the sole discretion of Lender, and may be exercised as often as
occasion therefor shall occur. 
 6. Default Interest. If Borrower fails to make the payment due hereunder on the Maturity Date, all
amounts owed hereunder shall, from and after the Maturity Date until paid in full, bear interest at the rate of fifteen percent (15%) per annum, or the maximum rate permitted by law. Borrower expressly agrees that the foregoing does not
constitute a penalty but reflects the negotiated intent of the parties that the amounts owed under this Note shall bear interest at different rates before and after the Maturity Date. 
 7. Attorneys’ Fees. If this Note is not paid when due, any default of Borrower occurs hereunder, or any dispute or litigation concerning the enforcement or validity of this Note arises,

  

 1 

 
the losing or defaulting party shall pay to the prevailing party all charges, costs and expenses (including reasonable attorneys’ fees) incurred by the
prevailing party, whether or not any action or proceeding is brought relative to such dispute and whether or not such litigation is prosecuted to judgment. 
 8. Severability. Every provision of this Note is intended to be severable. In the event any term or provision hereof is declared to be illegal or invalid for any reason whatsoever by a court of competent jurisdiction,
such illegality or invalidity shall not affect the balance of the terms and provisions hereof, which terms and provisions shall remain binding and enforceable. 
 9. Usury Savings Clause. Lender and Borrower intend in the execution of this Note that the transaction evidenced by this Note be in strict compliance with the usury laws of the State of California. Lender and Borrower
stipulate and agree that none of the terms and provisions contained in this Note or any of the other instruments executed in connection with the transaction evidenced by this Note shall ever be construed to create a contract for the use, forbearance
or detention of money requiring payment of interest at a rate in excess of the maximum interest rate permitted to be charged by the laws of the State of California. If Lender shall collect monies which are deemed to constitute interest which would
otherwise increase the effective interest rate on this Note to a rate in excess of the maximum rate permitted to be charged by the usury laws of the State of California, if applicable, all such sums deemed to constitute interest in excess of such
maximum rate shall, at the option of Lender, be credited to the payment of the sums due under this Note or returned to Borrower. 
 10. Choice
of Law. This Note shall be governed by and construed in accordance with the internal laws of the State of California without reference to any conflicts or choice of law doctrine. Borrower and Lender each acknowledge and agree that the trial
courts of the State of California in and for the County of Los Angeles and the associated appellate and Federal courts, shall have exclusive jurisdiction to hear and decide any dispute, controversy or litigation regarding the enforceability or
validity of this Note. 
 11. Joint and Several. In the event that this Note is executed by more than one party as Borrower, all
obligations of Borrower hereunder shall be deemed to be joint and several. Accordingly, each party comprising Borrower hereby confirms and agrees that he shall be personally liable for the entire amount outstanding under this Note, and if for any
reason (including, without limitation, bankruptcy or insolvency), one party comprising Borrower cannot or does not pay the obligations of Borrower hereunder, the other party comprising Borrower shall promptly and fully pay such amounts in accordance
with the terms of this Note. 
 12. Waiver of Jury Trial. Borrower and Lender (by accepting this Note) each hereby expressly waives any
right to trial by jury of any claim, demand, action or cause of action (a) arising under this Note or any future modification hereof, or (b) in any way connected with or related or incidental to the dealings of Borrower and Lender with
respect to the loan evidenced by this Note, in either case whether now existing or hereafter arising, and whether arising in contract or tort or otherwise. Borrower and Lender each hereby agrees and consents that either Borrower or Lender may file
an original counterpart or a copy of this Note with any court as written evidence of the consent of Borrower and Lender to the waiver of their right to trial by jury. 
  

 2 

 13. Continued Employment. Borrower and Lender hereby agree that at such time as Mr. Winter
Horton ceases for any reason to be an employee of Lender, the entire amount of this Note, including all principal and all accrued interest, shall be deemed accelerated and shall be due and payable upon demand and Lender may, without prior notice or
demand, deduct from any sums due to Mr. Horton as a result of Mr. Horton’s employment all amounts due under this Note. It is further understood and agreed that upon any breach or default by Mr. Horton under the terms of his
employment agreement with Lender or any affiliates of Lender (as it may be amended or extended from time to time), Lender may, at its option, declare a default under this Note and may declare all amounts outstanding hereunder to be immediately due
and payable. 
 14. Successors and Assigns. This Note and the obligation of Borrower, and each individual comprising Borrower hereunder
shall bind the respective heirs, legatees, devisees, administrators, executors, successors and assigns of each party. This Note shall inure to the benefit of Lender, its successors and assigns, and any successor under or holder of the Note,
including any pledges of the Note. 
  

	
	“Borrower”
	
	/s/ Winter W. Horton
	Winter W. Horton

  

 3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}]]