Exhibit 7 REGISTRATION RIGHTS AGREEMENT THIS REGISTRATION RIGHTS AGREEMENT ("Registration Rights Agreement") is entered into as of December 17, 2001 between Photoelectron Corporation, a Massachusetts corporation (the "Company"), and PYC Corporation...Registration Rights Agreement • December 27th, 2001 • Pyc Corp • Electromedical & electrotherapeutic apparatus • Massachusetts
PHOTOELECTRON CORPORATION 5 FORBES ROAD LEXINGTON, MASSACHUSETTS 02421Pyc Corp • February 14th, 2001 • Electromedical & electrotherapeutic apparatus • Massachusetts
(S)2. Issue of the Note and the Warrants. The Company will issue to you ----- -- --- ---- --- --- -------- and, subject to the terms and conditions hereof and in reliance upon the written representations and warranties of the Company, you will make the loans as described in the Note. You shall be entitled to receive Warrants, to purchase one share of the Company's common stock for each $5.00 which you have advanced to the Company pursuant to the Note. Such Warrants shall be issued at the time of each advance under the Note. The exercise price of each share which may be purchased under each Warrant shall be (i) if the Company's common stock is then traded on a securities exchange or the Nasdaq National
