|   | 1. | Amendment.  As      of the Amendment Effective Date, the following modifications to the OEM      Agreement shall apply: |
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|   | a. | The      text of Section 2.1(c) is hereby replaced with the    following: |
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|   | b. | The      text of Section 2.2(a) is hereby stricken and replaced with “Intentionally      Left Blank.” |
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|   | c. | In      Section 2.2(b), the preamble “[s]ubject to Section 2.2(a) above,” is      hereby stricken. |
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|   | d. | In      Section 2.7, the phrase “except to a Back-up Supplier as set forth in      Section 2.11” is hereby stricken. |
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|   | e. | The      text of Sections 2.10(a) and 2.10(b) are hereby stricken and each replaced      with “Intentionally Left Blank.” |
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| First Amendment to OEM Agreement      07.11.07 | Page 1      of 2 |
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|   | f. | The      text of Section 2.11 (Alternate Source of Supply) is hereby stricken and      replaced with “Intentionally LeftBlank.” |
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|   | g. | In      Section 3.1 (Purchase Price), the portion of the second sentence that      begins, “; provided, however, that      in no event...” to the end of that sentence, is hereby    stricken. |
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|   | h. | Pursuant      to Section 6.0 (Term), the Parties hereby consent to the renewal of the      Term for consecutive three (3) year periods, as provided      therein.  The first renewal shall commence on March 14, 2008 and      expire on March 14, 2011. |
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|   | i. | The      text of Section 7.1(a)(iv) is hereby stricken and replaced with      “Intentionally Left Blank.” |
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|   | j. | The      text of Section 10.0 (Non-Competition) is hereby stricken and replaced      with “Intentionally Left Blank.” |
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|   | 2. | Effect on      Agreement.  Except as expressly stated herein, or by      necessary implication amended by the terms of this Amendment, the terms      and conditions of the OEM Agreement are ratified and confirmed, and shall      remain in full force and effect. |
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| ARTHREX, INC.      |   | BOVIE      MEDICAL CORPORATION |
|--------------------|--------|--------------------------------|
|               |   |                           |
| /S/ R. Scott Price |   | /S/ Moshe Citronowicz          |
| Signature          |   | Signature                      |
|               |   |                           |
| R. Scott Price     |   | Moshe Citronowicz              |
| Printed      Name  |   | Printed      Name              |
|               |   |                           |
| VP                 |   | VP/COO                         |
| Title              |   | Title                          |
|               |   |                           |
| 8/23/07            |   | 8/21/07                        |
| Date               |   | Date                           |

| First Amendment to OEM Agreement      07.11.07 | Page      2 of 2 |
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