|Third Amendment to the September 7, 2004 Joint Development and License Agreement Between Palomar Medical Technologies, Inc. and
Johnson & Johnson Consumer Companies, Inc. (the Agreement)


Whereas, pursuant to the Agreement, the parties are engaged in a collaboration to develop, clinically test and potentially
commercialize home-use, light-based devices for (i) reducing or reshaping body fat including cellulite; (ii) reducing appearance of
skin aging; and (iii) reducing or preventing acne; and


Whereas, the parties desire to **.


Now, Therefore, in consideration of the foregoing premises, the mutual promises and covenants of the parties contained herein, and
other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to
be legally bound, do hereby agree as follows effective this 15th day of August 2007:


     1.      **.
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|PALOMAR MEDICAL TECHNOLOGIES, INC. | 
|/s/ Joseph P. Caruso               | 
|Name: Joseph P. Caruso             | 
|Title:  CEO                        | 
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|JOHNSON & JOHNSON CONSUMER COMPANIES, INC., acting through its division JOHNSON & JOHNSON CONSUMER & PERSONAL PRODUCTS WORLDWIDE | 
|/s/ Francis Florido                                                                                                              | 
|Name: Francis Florido                                                                                                            | 
|Title:  VP Business Development                                                                                                  | 
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|**Omitted pursuant to request for confidential treatment by
                                                                 Palomar Medical Technologies, Inc. and filed separately with the SEC.
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