COLLATERAL ASSIGNMENT OF LEASES AND RENTS
THIS ASSIGNMENT OF LEASES AND RENTS is made as of the 29th day of August 1996, by Stocker &
Yale, Inc. a Massachusetts corporation (the "Assignor") to PRIMARY BANK, a New Hampshire banking
corporation (the "Lender"), or to its order, at its principal office and mailing address of 35 Main Street,
Peterborough, New Hampshire 03458, (the "Assignee").
A. Concurrently herewith, the Assignor has executed and delivered to the Assignee its promissory note to
Assignee of even date herewith in the face amount of $1,500,000.00 ("Note"), secured by a Mortgage Deed and
Security Agreement (the "Mortgage") with respect to the real property and improvements of the Assignor located
at 32 Hampshire Road, Salem, Rockingham County, New Hampshire (the "Mortgaged Premises").
B. As additional security for the Note and the obligations of the Assignor thereunder, the Assignor has executed
and delivered to the Assignee this Collateral Assignment of Leases and Rents.
NOW, THEREFORE, in consideration of Assignee making the loans evidenced by the Note, the Assignor, does
hereby transfer, assign, deliver and grant a security interest to the Assignee in all of the right, title and interest of
the Assignor in and to (1) all leases, subleases, tenancies and any other agreements, whether written or oral, now
or hereafter existing with respect to any portion or portions of the Mortgaged Premises, together with any
renewals or extentions thereof or any agreements in substitution therefor (all of which are hereinafter collectively
referred to as the "Assigned Leases"), (2) all rents and other payments of every kind due or payable and to
become due or payable to the Assignor by virtue of the Assigned Leases, or otherwise due or payable and to
become due or payable to the Assignor as the result of any use, possession or occupancy of any portion or
portions of the Mortgage Premises, and (3) all rights, title and interest of the Assignor in and to any and all