Document:

Employment Agreement

 Exhibit 10.7 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement (“Agreement”) is
made effective as of January 21, 2008 (“Effective Date”), by and between SpectraGenics, Inc. (“Company”) and Kevin J. Appelbaum (“Employee”). 

Company extended an offer of employment to Employee pursuant to the terms of an offer letter dated January 15, 2008 (the “Offer
Letter”). The Offer Letter provided, in part, that the Company intended to provide Employee with a written employment agreement detailing all of the terms of employment with the Company including but not limited to those set forth in the Offer
Letter. This Agreement is the agreement contemplated thereby. 
 The parties agree as follows: 

1. Employment. Company hereby employs Employee, and Employee hereby confirms his acceptance of employment as initially agreed to
in the Offer Letter and upon the terms and conditions set forth herein. Employee’s employment with the Company commenced on the Effective Date. 
 2. Duties. 
 2.1 Position. Employee is employed as Chief Commercial
Officer reporting to the Company’s President and Chief Executive Officer (CEO) and shall have the duties and responsibilities assigned both upon initial hire and as may be reasonably assigned from time to time. Employee shall perform faithfully
and diligently all duties assigned to Employee. 
 2.2 Full-time/Best Efforts. Employee will expend Employee’s best
efforts on behalf of Company, and will abide by all policies and decisions made by Company, as well as all applicable federal, state and local laws, regulations or ordinances. 
 3. At-Will Employment Relationship. Employee’s employment with Company is at-will and not for any specified period and may be terminated at any time, with or without cause or advance notice,
by either Employee or Company subject to the provisions regarding termination set forth below in section 8. No representative of Company, other than the President and CEO, has the authority to alter the at-will employment relationship. Any
change to the at-will employment relationship must be by specific, written agreement signed by Employee and the Company’s President and CEO. Nothing in this Agreement is intended to or should be construed to contradict, modify or alter this
at-will relationship. 
 4. Compensation. 
 4.1 Base Salary. As compensation for Employee’s performance of Employee’s duties hereunder, Company shall pay to Employee an initial Base Salary of $320,000.00 per year, payable in
accordance with the normal payroll practices of Company, less required deductions for state and federal withholding tax, social security and all other employment taxes and payroll deductions. In the event Employee’s employment under this
Agreement is terminated by either party, for any reason, Employee will earn the Base Salary prorated to the date of termination. 
 4.2 Performance-Based Compensation Bonus. Employee will be eligible to receive individualized performance-based compensation, the criteria of such performance objectives to be defined by Employee
and the CEO, subject to the approval by the Compensation Committee of the Company’s Board of Directors (the “Board”). Employee’s performance will be reviewed on an on-going basis by the CEO over the course of the first year.
Although there is no minimum guaranteed bonus, Employee can expect to receive an annual total bonus equal to 50% of Base Salary upon achievement of these mutually agreed upon performance criteria which shall be evaluated as to achievement on a
quarterly basis, e.g., revenue forecasts. Achievement substantially beyond these mutually agreed upon goals may result in a total annual bonus payment in excess of 50% of Base Salary, up to a maximum annual total of 100% of Base Salary. Any earned
bonus will be paid within thirty days following the close of each calendar quarter, the amount and payment of which shall be determined by Company in its sole and absolute discretion and any such payment shall be subject to applicable withholding.

 4.3 Options. As indicated in the accompanying Offer Letter, subject to the approval
of the Company’s Board, Employee will be granted an option to purchase 880,000 shares of Company common stock (the “Option”) under the Company’s stock option plan (the “2004 Stock Plan”). As of January 15, 2008,
this number of shares (880,000) is equal to 2.5% of the Company’s common stock on a fully diluted basis. Any future equity investment obtained by the Company, increases in the option pool, or similar events will decrease this percentage
figure. However, from time to time the Board, in its sole discretion, may grant to certain employees additional options based on performance or other factors which, if granted, will affect their and Employee’s percentage ownership of the
Company. 
 Subject to Employee’s continued employment, one quarter (25%) of the granted Option will vest upon the
one-year anniversary of the commencement of Employee’s employment. The remainder of the Option will vest monthly over the subsequent 36-months, so long as Employee continues to be employed by the Company. A meeting of the Board will take place
within 30 days of commencement of Employee’s employment and the Board shall discuss the Option proposed herein. 
 The
exercise price of each option granted will be determined by the Company’s Board at the time of grant, at a price per share that the Board determines is not less than the fair market value of a share of the common stock of the Company as of the
date of grant. 
 5. Customary Fringe Benefits. Employee will be eligible for all customary and usual fringe benefits
generally available to employees of Company subject to the terms and conditions of Company’s benefit plan documents and policies. Such fringe benefits currently include, but are not limited to, medical, dental and vision plan coverage as well
as a 401(k) plan. In addition, Employee shall be entitled to accrue three (3) weeks of paid vacation on an annual basis, subject to the Company’s vacation policy. The Company reserves the right to change or eliminate the fringe benefits on
a prospective basis, at any time, effective upon notice to Employee. 
 6. Business Expenses. Employee will be reimbursed
for all reasonable, out-of-pocket business expenses incurred in the performance of Employee’s duties on behalf of Company. To obtain reimbursement, expenses must be submitted promptly with appropriate supporting documentation in accordance with
Company’s policies. Any reimbursement Employee is entitled to receive shall (a) be paid no later than the last day of Employee’s tax year following the tax year in which the expense was incurred, (b) not be affected by any other
expenses that are eligible for reimbursement in any tax year and (c) not be subject to liquidation or exchange for another benefit. 
 7. No Conflict of Interest. During Employee’s employment with Company, Employee must not engage in any work, paid or unpaid, that creates an actual conflict of interest with Company. Such work
shall include, but is not limited to, directly or indirectly competing with Company in any way, or acting as an officer, director, employee, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same nature as, or
which is in direct competition with, the business in which Company is now engaged or in which Company becomes engaged during Employee’s employment with Company, as may be determined by Company in its sole discretion. If Company believes such a
conflict exists, Company may ask Employee to choose to discontinue the other work or resign employment with Company. 
 8.
Termination of Employment. 
 8.1 Death. If Employee’s employment with the Company terminates by reason of
Employee’s death, the Company will pay to Employee’s estate the amount of any unpaid Base Salary plus any unused, accrued vacation earned by Employee through the date of Employee’s death. 

8.2 Disability. If the Company or Employee terminates Employee’s employment by reason of Employee’s disability, Employee
shall be entitled to Base Salary plus any unused, accrued 

  
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vacation earned by Employee through the date of Employee’s termination. For purposes of this Agreement, disability shall mean the Employee’s failure to perform the essential functions
of Employee’s position for 60 days, with or without reasonable accommodation, due to a mental or physical disability. 

8.3 Termination by the Company for Cause or Voluntary Termination by Employee. If the Company terminates Employee’s
employment for Cause (as defined in Section 8.6 below), or Employee voluntarily terminates Employee’s employment without “Good Reason” (as defined in Section 8.8 below), then Employee shall be entitled to Base Salary plus
any unused, accrued vacation earned by Employee through the date of Employee’s termination. 
 8.4 Termination by the
Company without Cause and by Employee for Good Reason. If Employee’s employment is terminated by the Company Without Cause (as defined in Section 8.6 below) or by the Employee for “Good Reason” (as defined in Section 8.8
below) and Employee executes a full general release, releasing all claims, known or unknown, that Employee may have against Company and such release has become effective in accordance with its terms prior to the 30th day following the Termination
Date, then, the Company shall pay to Employee, in accordance with the Company’s regular payroll schedule, commencing with the first payroll date occurring at least 30 days following the Termination Date, an amount equal to Employee’s then
effective Base Salary for a period of 12 months, payable to Employee in equal installments (the “Severance Period”), offset by the value of any compensation earned by Employee, whether or not received, during the Severance Period.

 8.5 Termination Following a Change of Control. If Employee’s employment with the Company is terminated at any
time other than for death, disability, voluntarily by the Employee or for Cause (as defined below), within twelve (12) months following a Change of Control (as defined below), then subject to Employee’s execution of a full general release,
releasing all claims, known or unknown, that Employee may have against Company, and such release has become effective in accordance with its terms prior to the 30th day following the Termination Date, then: (a) the Company shall pay to
Employee, in accordance with the Company’s regular payroll schedule, commencing with the first payroll date occurring at least 30 days following the Termination Date, an amount equal to Employee’s then effective Base Salary for a period of
12 months, payable to Employee in equal installments for the Severance Period, offset by the value of any compensation earned by Employee, whether or not received, during the Severance Period; and (b) Employee shall become fully vested
with respect to all unvested shares subject to the Option. 
 8.6 Definition of Cause. “Cause” shall be deemed
to exist if Employee engages in the following: (a) theft, dishonesty, misconduct or falsification of the Company’s or its successor’s records or property; (b) unauthorized use or disclosure of the Company’s or its
successor’s confidential or proprietary information or trade secrets; (c) gross negligence or willful misconduct in the performance of Employee’s duties to the Company; (d) failure to perform such assigned duties and
responsibilities as shall be consistent with the duties and responsibilities of an employee of the Company in a similar job position after receipt of a written notice of specific deficiencies and Employee has not cured any such deficiencies within
fifteen days after the receipt of such notice; (e) a material breach by Employee of any agreement between Employee and the Company, and such breach has not been cured by Employee within fifteen days after written notice of the specific breach
by the Company; (f) conviction (including plea of no contest) for any felony or act of fraud; or (g) the failure by Employee to cooperate in good faith with a governmental investigation of the Company or its directors, officers or
employees, if the Company has requested Employee’s cooperation. 
 8.7 Definition of Without Cause. A termination of
Employee’s employment shall be “Without Cause” if the Company unilaterally terminates Employee’s employment with the Company for any reason other than Cause; provided, however, that termination of Employee’s employment shall
not be “Without Cause” if it results from the death or disability of Employee. 
 8.8 Definition of “Good
Reason”. “Good Reason” means (i) the failure of the Company or applicable subsidiary to pay any wages, or provide any benefits due to Employee within five (5) days after written notice thereof from Employee; (ii) a
reduction in Employee’s salary from that as of the inception of Employee’s employment with the Company, other than as part of a salary reduction 

  
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program among similar management employees; (iii) a material change in Employee’s responsibilities, duties, reporting relationships or authorities as an employee of the Company as they
existed prior ro such change; or (iv) a move of Employee’s principal place of work to a location more than fifty miles distant there from. 
 8.9 Definition of Change of Control. “Change of Control” shall mean the occurrence of any of the following events: (i) a dissolution, liquidation or winding up of the Company;
(ii) sale of all or substantially all of the assets of the Company; (iii) the merger or consolidation of the Company by means of any transaction or series of related transactions, provided that the applicable transaction shall not be
deemed a Change of Control unless the Company’s stockholders constituted immediately prior to such transaction do not hold more than fifty percent (50%) of the voting power of the surviving or acquiring entity immediately following such
transaction; or (iv) any transaction or series of related transactions to which the Company is a party in which in excess of fifty percent (50%) of the Company’s voting power is transferred; provided that a Change of Control shall not
include any transaction or series of related transactions principally for bona fide equity financing purposes in which cash is received by the Company. 
 9. Application of Section 409A.  
 (a) Notwithstanding anything set
forth in this Agreement to the contrary, no amount payable pursuant to this Agreement which constitutes a “deferral of compensation” within the meaning of the Treasury Regulations issued pursuant to Section 409A of the Code (the
“Section 409A Regulations”) shall be paid unless and until Employee has incurred a “separation from service” within the meaning of the Section 409A Regulations. Furthermore, to the extent that Employee is a “specified
employee” within the meaning of the Section 409A Regulations as of the date of Employee’s separation from service, no amount that constitutes a deferral of compensation which is payable on account of Employee’s separation from
service shall paid to Employee before the date (the “Delayed Payment Date”) which is first day of the seventh month after the date of Employee’s separation from service or, if earlier, the date of Employee’s death following such
separation from service. All such amounts that would, but for this Section, become payable prior to the Delayed Payment Date will be accumulated and paid on the Delayed Payment Date. 

(b) The Company intends that income provided to Employee pursuant to this Agreement will not be subject to taxation under
Section 409A of the Code. The provisions of this Agreement shall be interpreted and construed in favor of satisfying any applicable requirements of Section 409A of the Code. However, the Company does not guarantee any particular tax
effect for income provided to Employee pursuant to this Agreement. In any event, except for the Company’s responsibility to withhold applicable income and employment taxes from compensation paid or provided to Employee, the Company shall
not be responsible for the payment of any applicable taxes on compensation paid or provided to Employee pursuant to this Agreement. 
 10. Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Employee (i) constitute “parachute payments”
within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”) and (ii) but for this Section, would be subject to the excise tax imposed by Section 4999 of the Code, then Employee’s
severance benefits under this Agreement shall be payable either: (a) in full, or (b) as to such lesser amount which would result in no portion of such severance benefits being subject to excise tax under Section 4999 of the Code,
whichever of the foregoing amounts, taking into account the applicable federal, state and local income taxes and the excise tax imposed by Section 4999, results in the receipt by Employee on an after-tax basis, of the greatest amount of
severance benefits under this Agreement, notwithstanding that all or some portion of such severance benefits may be taxable under Section 4999 of the Code. Unless the Company and Employee otherwise agree in writing, any determination required
under this Section shall be made in writing by independent public accountants (the “Accountants”) selected by the Company, whose determination shall be conclusive and binding upon Employee and the Company for all purposes. For purposes of
making the calculations required by this Section, the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Sections 280G and
4999 of the Code. The Company and Employee shall furnish to the Accountants such information and 

  
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documents as the Accountants may reasonably request in order to make a determination under this Section. The Company shall bear all costs the Accountants may reasonably incur in connection with
any calculations contemplated by this Section. 
 11. Confidentiality and Proprietary Rights. Employee agrees to read,
sign and abide by Company’s Employee Nondisclosure and Assignment Agreement (“Confidentiality Agreement”), which is incorporated herein by reference. 
 12. Agreement to Arbitrate. In the event of any dispute or claim relating to or arising out of the employment relationship or the termination of that relationship (including, but not limited to,
any claims of wrongful termination or age, sex, race, disability or other discrimination), Employee and Company agree that all such disputes shall be fully and finally resolved by binding arbitration conducted before a single neutral arbitrator
pursuant to the rules for arbitration of employment disputes by the American Arbitration Association (available at www.adr.org) in Alameda County, California. The arbitrator shall permit adequate discovery and is empowered to award all
remedies otherwise available in a court of competent jurisdiction and any judgment rendered by the arbitrator may be entered by any court of competent jurisdiction. The arbitrator shall issue an award in writing and state the essential findings and
conclusions on which the award is based. By executing this letter, Employee and the Company are both waiving the right to a jury trial with respect to any such disputes. Company shall bear the costs of the arbitrator, forum and filing fees. In
addition to any other relief the arbitrator may award, the prevailing party in the arbitration shall be awarded his or its attorney fees. 
 13. General Provisions. 
 13.1 Successors and Assigns. The rights
and obligations of Company under this Agreement shall inure to the benefit of and shall be binding upon the successors and assigns of Company. Employee shall not be entitled to assign any of Employee’s rights or obligations under this
Agreement. 
 13.2 Waiver. Either party’s failure to enforce any provision of this Agreement shall not in any way be
construed as a waiver of any such provision, or prevent that party thereafter from enforcing each and every other provision of this Agreement. 
 13.3 Attorneys’ Fees. The prevailing party in any arbitration or other proceeding brought to enforce rights or claims arising out of this agreement, the employment of Employee by Company, or
the termination of such employment, shall be awarded, in addition to any other remedies determined to be appropriate, his or its attorney’s fees. 
 13.4 Severability. In the event any provision of this Agreement is found to be unenforceable by an arbitrator or court of competent jurisdiction, such provision shall be deemed modified to the
extent necessary to allow enforceability of the provision as so limited, it being intended that the parties shall receive the benefit contemplated herein to the fullest extent permitted by law. If a deemed modification is not satisfactory in the
judgment of such arbitrator or court, the unenforceable provision shall be deemed deleted, and the validity and enforceability of the remaining provisions shall not be affected thereby. 

13.5 Interpretation; Construction. The headings set forth in this Agreement are for convenience only and shall not be used in
interpreting this Agreement. This Agreement has been drafted by legal counsel representing Company, but Employee has participated in the negotiation of its terms. Furthermore, Employee acknowledges that Employee has had an opportunity to review and
revise the Agreement and have it reviewed by legal counsel, if desired, and, therefore, the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of
this Agreement. 
 13.6 Governing Law. This Agreement will be governed by and construed in accordance with the laws of
the United States and the State of California. Each party consents to the jurisdiction and venue of the state or federal courts in San Francisco, California, if applicable, in any action, suit, or proceeding arising out of or relating to this
Agreement. 

  
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 13.7 Notices. Any notice required or permitted by this Agreement shall be in writing
and shall be delivered as follows with notice deemed given as indicated: (a) by personal delivery when delivered personally; (b) by overnight courier upon written verification of receipt; (c ) by telecopy or facsimile transmission upon
acknowledgment of receipt of electronic transmission; or (d) by certified or registered mail, return receipt requested, upon verification of receipt. Notice shall be sent to the addresses set forth below, or such other address as either party
may specify in writing. 
 13.8 Survival. Sections 8 (“Termination of Employment”), 11 (“Confidentiality
and Proprietary Rights”), 12 (“Agreement to Arbitrate”), 13 (“General Provisions”) and 14 (“Entire Agreement”) of this Agreement shall survive Employee’s employment by Company. 

14. Entire Agreement. This Agreement, including the Employee Nondisclosure and Assignment Agreement incorporated herein by
reference, the Offer Letter and Company’s 2004 Stock Plan and related option documents described in section 4.3 of this Agreement, constitutes the entire agreement between the parties relating to this subject matter and supersedes all prior or
simultaneous representations, discussions, negotiations, and agreements, whether written or oral. This Agreement may be amended or modified only with the written consent of Employee and the President/CEO of Company. No oral waiver, amendment or
modification will be effective under any circumstances whatsoever. 
 THE PARTIES TO THIS AGREEMENT HAVE READ THE FOREGOING AGREEMENT AND FULLY
UNDERSTAND EACH AND EVERY PROVISION CONTAINED HEREIN. WHEREFORE, THE PARTIES HAVE EXECUTED THIS AGREEMENT ON THE DATES SHOWN BELOW. 
  

							
		 		 		 	Kevin J. Appelbaum
				
	Dated: 3/25/2008	 		 		 	 /s/ Kevin J. Appelbaum

		 		 		 	[Address]
				
		 		 		 	SpectraGenics, Inc.
				
	Dated: 3/25/2008	 		 	By:	 	 /s/ Robert E. Grove

		 		 		 	Robert E. Grove, Ph.D.
		 		 		 	President and CEO

  
 -6-Employment Agreement

 Exhibit 10.8 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement (this
“Agreement”) is made effective as of August 10, 2011 (the “Effective Date”) by and between TRIA Beauty, Inc. (the “Company”) and John J. Rangel (“Employee”). 

RECITALS 
 The
Company desires to employ the Executive and the Executive desires to be employed on the terms and conditions set forth in this Agreement. In consideration of the foregoing premises and mutual promises, terms, provisions and conditions set forth in
this Agreement, the parties hereby agree as follows: 
 1. Employment. Subject to the terms and conditions set forth in
this Agreement, the Company hereby offers and the Executive hereby accepts employment, to commence on or before August 29, 2011 (such date that employment actually commences, the “Commencement Date”). 

2. Duties. 
 2.1 Position. Employee shall be employed as Chief Financial Officer (“CFO”) reporting to the Company’s Chief Executive Officer (“CEO”) and shall have the duties and
responsibilities as may be reasonably assigned from time to time consistent with the position of CFO. Employee shall perform faithfully and diligently all duties assigned to Employee. 

2.2 Full-time/Best Efforts. Employee will expend Employee’s full business time and his best efforts, business judgment, skill
and knowledge exclusively on behalf of the Company, and will abide by all policies and decisions made by the Company, as well as all applicable federal, state and local laws, regulations or ordinances. 

3. At-Will Employment Relationship. Employee’s employment with the Company is at-will and not for any specified period and
may be terminated at any time, with or without cause or advance notice, by either Employee or the Company subject to the provisions regarding termination set forth below in Section 8. No representative of the Company, other than the CEO, has
the authority to alter the at-will employment relationship. Any change to the at-will employment relationship must be by specific, written agreement signed by Employee and the CEO. Nothing in this Agreement is intended to or should be construed to
contradict, modify or alter this at-will relationship. 
 4. Compensation. As compensation for all services performed by
Employee hereunder during the term hereof, and subject to performance of Employee’s duties and responsibilities to the Company, pursuant to this Agreement or otherwise: 
 4.1 Base Salary. The Company shall pay to Employee a base salary of $300,000 per year (the “Base Salary”), payable in accordance with the normal payroll practices of the Company, less
required deductions for state and federal withholding tax, social security and 

 
all other employment taxes and payroll deductions. In the event Employee’s employment under this Agreement is terminated by either party, for any reason, Employee will earn the Base Salary
prorated to the date of termination. 
 4.2 Performance-Based Compensation Bonus. For each calendar year, Employee will
be eligible to receive individualized performance based compensation (the “Bonus”) determined based on his achievement of specified individual and Company performance objectives, with the criteria of such performance objectives to be
defined by the CEO together with the Company’s Board of Directors (the “Board”) in consultation with Employee. Employee’s performance will be reviewed on an on-going basis by the CEO over the course of his employment. Although
there is no minimum guaranteed bonus, Employee will be eligible to receive an annual target Bonus of 35% of Base Salary, with any such Bonus contingent upon his achievement of the established performance criteria (“Goals”). Employee’s
efforts toward achievement of the Goals shall be evaluated on an annual basis. If a Bonus is earned, it will be paid during the second pay period in February for the prior calendar year, and the amount and payment of any such Bonus will be
determined by the Company in its sole and absolute discretion and any such payment shall be subject to applicable withholding. For the period beginning on the Effective Date and ending on December 31, 2011, the Bonus, if earned, will be
pro-rated. In order to receive any annual Bonus under this Section 4.2, except as otherwise provided in Section 8 of this Agreement, Employee must be employed by the Company on the date when the Bonus is payable. 

4.3 Options. The Company shall, subject to the approval of the Board at the next Board meeting, grant to Employee an option to
purchase 800,000 shares of common stock (the “Option”) under the Company’s stock option plan (the “2004 Stock Plan”) within thirty (30) days of the commencement of Employee’s employment. Subject to Employee’s
continued employment, the Option shall vest at the rate of (a) 12/48th of the shares that are subject to the Option on the date that is 12 months following the Commencement Date (the “Cliff Date”) and (b) 1/48th of the shares
that are subject to the Option each month over the three year period beginning on the Cliff Date. The exercise price of the Option shall be determined by the Board at the time of grant, at a price per share that the Board determines is not less than
the fair market value of a share of the common stock of the Company as of the date of grant. The Option shall be subject to the terms of the 2004 Stock Plan, the stock option award agreement and other restrictions and limitations generally
applicable to common stock of the Company or equity awards held by Company executives or otherwise imposed by law. 
 5.
Benefits. Employee will be eligible for all customary and usual fringe benefits either available to other Company senior executives or generally available to employees of Company subject to the terms and conditions of Company’s benefit
plan documents and policies, except to the extent any such fringe benefits are duplicative of benefits otherwise provided to Employee hereunder (e.g, severance benefits). Such fringe benefits currently include, but are not limited to,
medical, dental and vision plan coverage, as well as a 401(k) plan. In addition, Employee shall be entitled to accrue three (3) weeks of paid vacation on an annual basis, subject to the Company’s vacation policy. The Company reserves the
right to change or eliminate the fringe benefits on a prospective basis, at any time, effective upon notice to Employee. 

 6. Business Expenses. Employee will be reimbursed for all reasonable, out-of-pocket
business expenses incurred in the performance of Employee’s duties on behalf of the Company. To obtain reimbursement, expenses must be submitted promptly with appropriate supporting documentation in accordance with the Company’s policies.
Any reimbursement Employee is entitled to receive shall (a) be paid promptly, and in all events no later than the last day of Employee’s tax year following the tax year in which the expense was incurred, (b) not be affected by any
other expenses that are eligible for reimbursement in any tax year and (c) not be subject to liquidation or exchange for another benefit. 
 7. No Conflict of Interest. During Employee’s employment with the Company, Employee must not engage in any work, paid or unpaid, that creates an actual or potential conflict of interest with
the Company. Such work shall include, but is not limited to, directly or indirectly competing with the Company in any way, or acting as an officer, director, employee, consultant, stockholder, volunteer, lender, or agent of any business enterprise
of the same nature as, or which is in direct competition with, the business in which the Company is now engaged or in which the Company becomes engaged during Employee’s employment with the Company, as may be determined by the Company in its
sole discretion. If the Company believes such a conflict exists, the Company may ask Employee to choose to discontinue the other work or resign (or be terminated from) employment with the Company (which resignation or termination shall be considered
for Cause, as set forth in Section 8.6, below). Without limiting the foregoing, Employee shall not engage in any other business activity or serve in any industry, trade, professional, governmental or academic position during the term of this
Agreement, except as may be expressly approved in advance by the CEO in writing. The parties acknowledge and agree that, notwithstanding the foregoing, Employee shall be permitted to serve on the board of directors of one company that does not
compete, directly or indirectly, with the Company. The Board will consider in good faith any request by Employee for approval for additional board positions (whether for profit or not-for-profit) and either grant or deny any such request on a
case-by-case basis. 
 8. Termination of Employment. 

8.1 Death. If Employee’s employment with the Company terminates by reason of Employee’s death, the Company will pay to
Employee’s estate, within 30 days following the date Employee’s employment terminates (the “Separation Date”), the amount of any unpaid Base Salary, plus any unused, accrued vacation earned by Employee, through the date of
Employee’s death, and a pro rata share of the maximum annual target Bonus for the calendar year in which death occurs. 

8.2 Disability. If the Company or Employee terminates Employee’s employment by reason of Employee’s disability, Employee
shall be entitled to unpaid Base Salary, plus any unused, accrued vacation earned by Employee, through the Separation Date, and a pro rata share of the maximum annual target Bonus for the calendar year in

 
which Employee’s disability occurs. Such amounts (if any) shall be paid to the Employee within 30 days following the Separation Date. For purposes of this Agreement, disability shall mean
the Employee’s failure to perform the essential functions of Employee’s position for a period of at least 90 days, with or without reasonable accommodation, due to a mental or physical disability. 

8.3 Termination by the Company for Cause. If the Company terminates Employee’s employment for Cause (as defined in
Section 8.6 below), then Employee shall be entitled only to unpaid Base Salary, plus any unused, accrued vacation earned by Employee, through the Separation Date. Such amounts (if any) shall be paid to the Employee within 30 days following the
Separation Date. 
 8.4 Termination by the Company Without Cause or by Employee for Good Reason. If Employee’s
employment is terminated by the Company “Without Cause” (as defined in Section 8.7 below) or by Employee for “Good Reason” (as defined in Section 8.8 below) and Employee executes a full general release substantially in
the form attached hereto as Exhibit A and provided by the Company (the “Release”) within seven (7) days of Employee’s termination and such Release has become effective in accordance with its terms, returned to the Company
and not been revoked prior to the 60th day following the Separation Date, then (a) the Company shall pay to Employee, on the first payroll date occurring at least 60 days following the Separation Date, a lump sum severance payment in an amount
equal to 12 months of the Base Salary; (b) if such termination occurs before the date that is 12 months following the Commencement Date, Employee shall become fully vested with respect to X/48th of the shares that are subject to the Option,
where “X” equals the number of full months that have elapsed following the Commencement Date, effective as of the Separation Date; and (c) provided that Employee and his dependents are eligible to continue participation in the
Company’s group health, dental and vision plans following the Separation Date under the federal law commonly known as “COBRA” and elect to do so in a timely manner, the Company shall (unless prohibited by law) continue to contribute,
on a monthly basis, to the premium cost of Employee’s participation and that of his eligible dependents in its group health, dental and vision plans (at the same rate as it contributed as of the Separation Date) until the earliest of:
(i) the date that is 12 months following the Separation Date, (ii) the date that Employee is eligible to participate in another employer’s group health plan, (iii) the date the Company’s plan(s) are no longer is subject to
COBRA, and (iv) the date Employee is no longer eligible for coverage under COBRA or Company plans, provided, however, that Employee must, in order to maintain COBRA-coverage and be eligible for such Company contributions, timely pay the
remainder of the premium cost directly to the Company and must notify the Company immediately if he begins new employment ((a), (b), and (c) together, the “Severance Benefits”). The Company will also pay to Employee, within 30 days
following the Separation Date, the amount of any unpaid Base Salary, plus any unused, accrued vacation earned by Employee, through the Separation Date. 
 8.5 Termination by the Company Without Cause or by Employee for Good Reason Within 12 Months following a Change of Control. If Employee’s employment is terminated by the Company “Without
Cause” (as defined in Section 8.7 

 
below) or by Employee for “Good Reason” (as defined in Section 8.8 below) during the period beginning 30 days prior to the execution of a letter of intent directly related to a
subsequently occurring Change of Control (as defined in Section 8.9 below) and ending 12 months following a Change of Control, and Employee executes a full general release in the form attached hereto as Exhibit A and provided by the
Company (the “Release”) within seven (7) days of Employee’s termination and such Release has become effective in accordance with its terms, returned to the Company and not been revoked prior to the 60th day following the
Separation Date, then, in addition to the Severance Benefits, (a) Employee shall become fully vested with respect to any unvested shares subject to any previously granted stock option, effective as of the Separation Date and (b) Employee
shall be eligible to receive a pro rata bonus for the calendar year in which termination occurs, determined in the sole discretion of the Company and payable, if at all, at the time bonus payments for such year are made to other executives generally
or, if later, the first payday following the expiration of 60 days from the Separation Date. 
 8.6 Definition of Cause.
“Cause” shall be deemed to exist if Employee engages in the following: (a) theft, dishonesty or falsification of the Company’s or its successor’s records or property; (b) unauthorized use or disclosure of the
Company’s or its successor’s confidential or proprietary information or trade secrets; (c) gross negligence or willful misconduct in the performance of Employee’s duties to the Company; (d) failure to perform such assigned
duties and responsibilities as shall be consistent with the duties and responsibilities of an employee of the Company in a similar job position after receipt of a written notice of specific deficiencies and Employee has not cured any such
deficiencies within fifteen days after the receipt of such notice; (e) a material breach by Employee of any written agreement between Employee and the Company, and such breach has not been cured by Employee within fifteen days after written
notice of breach by the Company; (f) conviction (including a plea of no contest) of any felony or act of moral turpitude; or (g) the failure by Employee to cooperate in good faith with a governmental investigation of the Company or its
directors, officers or employees, if the Company has requested Employee’s cooperation. 
 8.7 Definition of Without
Cause. A termination of Employee’s employment shall be “Without Cause” if the Company unilaterally terminates Employee’s employment with the Company for any reason other than Cause; provided, however, that termination of
Employee’s employment shall not be “Without Cause” if it results from the death or disability of Employee. 
 8.8
Definition of Good Reason. Employee may terminate his employment hereunder for “Good Reason” by (A) providing notice to the Company specifying in reasonable detail the condition giving rise to the Good Reason no later than the
30th day following the occurrence of that condition; (B) providing the Company a period of 30 days to remedy the condition and so specifying in the notice and (C) terminating his employment for Good Reason within 30 days following the
expiration of the period to remedy if the Company fails to remedy the condition. The following, if occurring without the Executive’s consent, shall constitute “Good Reason” for termination by Employee: (i) the failure of the
Company or applicable subsidiary to pay any wages, or provide any 

 
benefits due to Employee; (ii) a material reduction in Employee’s salary from that as of the inception of Employee’s employment with the Company, other than as part of a salary
reduction program among all senior executives; (iii) a material change in Employee’s responsibilities, duties, reporting relationships or authorities as an employee of the Company; or (iv) a move of Employee’s principal place of
work to a location more than fifty miles distant there from. 
 8.9 Definition of Change of Control. “Change of
Control” shall mean the occurrence of any of the following events: (i) a dissolution, liquidation or winding up of the Company; (ii) sale of all or substantially all of the assets of the Company; (iii) the merger or consolidation
of the Company by means of any transaction or series of related transactions, provided that the applicable transaction shall not be deemed a Change of Control unless the Company’s stockholders constituted immediately prior to such transaction
do not hold more than fifty percent (50%) of the voting power of the surviving or acquiring entity immediately following such transaction; or (iv) any transaction or series of related transactions to which the Company is a party in which
in excess of fifty percent (50%) of the Company’s voting power is transferred (provided that a Change of Control shall not include any transaction or series of related transactions principally for bona fide equity financing purposes in
which cash is received by the Company); or (v) any transaction or series of related transactions in which in excess of fifty percent (50%) of the Company’s outstanding stock existing immediately prior thereto is sold. 

9. Application of Section 409A. 
 (a) Notwithstanding anything set forth in this Agreement to the contrary, no amount payable pursuant to this Agreement which constitutes a “deferral of compensation” within the meaning of the
Treasury Regulations issued pursuant to Section 409A of the Code (the “Section 409A Regulations”) shall be paid unless and until Employee has incurred a “separation from service” within the meaning of the Section 409A
Regulations. Furthermore, to the extent that Employee is a “specified employee” within the meaning of the Section 409A Regulations as of the date of Employee’s separation from service, no amount that constitutes a deferral of
compensation which is payable on account of Employee’s separation from service shall be paid to Employee before the date (the “Delayed Payment Date”) which is the next business day following the expiration of six months following the
date of Employee’s separation from service or, if earlier, the date of Employee’s death following such separation from service. All such amounts that would, but for this Section 9, become payable prior to the Delayed Payment Date will
be accumulated and paid on the Delayed Payment Date. 
 (b) The Company intends that income provided to Employee pursuant to
this Agreement will not be subject to taxation under Section 409A of the Code. The provisions of this Agreement shall be interpreted and construed in favor of satisfying any applicable requirements of Section 409A of the Code. However, the
Company does not guarantee any particular tax effect for income provided to Employee pursuant to this Agreement. In any event, except for the Company’s responsibility to withhold applicable income and employment taxes from compensation paid or
provided to Employee, the 

 
Company shall not be responsible for the payment of any applicable taxes on compensation paid or provided to Employee pursuant to this Agreement. Each payment made under this Agreement shall be
treated as a separate payment and the right to a series of installment payments under this Agreement is to be treated as a right to a series of separate payments. 
 10. Limitations on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Employee (i) constitute “excess parachute
payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”) and (ii) but for this Section 10, would be subject to the excise tax imposed by Section 4999 of the Code,
then Employee’s severance and other benefits under this Agreement shall be payable either: (a) in full, or (b) as to such lesser amount which would result in no portion of such severance and other benefits being subject to excise tax
under Section 4999 of the Code, whichever of the foregoing amounts, taking into account the applicable federal, state and local income taxes and the excise tax imposed by Section 4999, results in the receipt by Employee on an after-tax
basis, of the greatest amount of severance and other benefits under this Agreement, notwithstanding that all or some portion of such severance and other benefits may be taxable under Section 4999 of the Code. Unless the Company and Employee
otherwise agree in writing, any determination required under this Section 10 shall be made in writing by independent public accountants (the “Accountants”) selected by the Company, whose determination shall be conclusive and binding
upon Employee and the Company for all purposes. For purposes of making the calculations required by this Section 10, the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good
faith interpretations concerning the application of Sections 280G and 4999 of the Code. The Company and Employee shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make a
determination under this Section 10. The Company shall bear all costs the Accountants may reasonably incur in connection with any calculations contemplated by this Section 10. 

11. Confidentiality and Proprietary Rights. Employee agrees to read, sign and abide by Company’s Employee Nondisclosure and
Assignment Agreement (“Confidentiality Agreement”), which is incorporated herein by reference. The obligation of the Company to provide Severance Benefits and other termination-related payments and benefits hereunder, and Employee’s
right to retain such payments and benefits, is expressly conditioned on Employee’s continued full performance of his obligations under the Confidentiality Agreement. 
 12. Agreement to Arbitrate. In the event of any dispute or claim relating to or arising out of the employment relationship or the termination of that relationship (including, but not limited to,
any claims of wrongful termination or age, sex, race, disability or other discrimination), Employee and Company agree that all such disputes shall be fully and finally resolved by binding arbitration conducted before a single neutral arbitrator
pursuant to the rules for arbitration of employment disputes by the American Arbitration Association (available at www.adr.org) in Alameda County, California. The arbitrator shall permit adequate discovery and is empowered to award all remedies
otherwise available in a court of competent jurisdiction and any judgment rendered by the arbitrator may be entered by any 

 
court of competent jurisdiction. The arbitrator shall issue an award in writing and state the essential findings and conclusions on which the award is based. By executing this letter, Employee
and the Company are both waiving the right to a jury trial with respect to any such disputes. The Company shall bear the costs of the arbitrator, forum and filing fees. Each party shall bear its own respective attorney fees and all other costs,
unless otherwise provided by law and awarded by the arbitrator. 
 13. General Provisions. 

13.1 Successors and Assigns. The rights and obligations of Company under this Agreement shall inure to the benefit of and shall be
binding upon the successors and assigns of Company. Employee shall not be entitled to assign any of Employee’s rights or obligations under this Agreement. The Company may assign its rights and obligations under this Agreement without the
consent of the Employee in the event that the Company shall hereafter affect a reorganization, consolidate with, or merge into, any other person or entity or transfer all or substantially all of its properties, stock or assets to another person or
entity. 
 13.2 Waiver. Either party’s failure to enforce any provision of this Agreement shall not in any way be
construed as a waiver of any such provision, or prevent that party thereafter from enforcing each and every other provision of this Agreement. 
 13.3 Attorneys’ Fees. Each side will bear its own attorneys’ fees in any dispute unless a statutory section at issue, if any, authorizes the award of attorneys’ fees to the
prevailing party. 
 13.4 Severability. In the event any provision of this Agreement is found to be unenforceable by an
arbitrator or court of competent jurisdiction, such provision shall be deemed modified to the extent necessary to allow enforceability of the provision as so limited, it being intended that the parties shall receive the benefit contemplated herein
to the fullest extent permitted by law. If a deemed modification is not satisfactory in the judgment of such arbitrator or court, the unenforceable provision shall be deemed deleted, and the validity and enforceability of the remaining provisions
shall not be affected thereby. 
 13.5 Interpretation; Construction. The headings set forth in this Agreement are for
convenience only and shall not be used in interpreting this Agreement. This Agreement has been drafted by legal counsel representing Company, but Employee has participated in the negotiation of its terms. Furthermore, Employee acknowledges that
Employee has had an opportunity to review and revise the Agreement and have it reviewed by legal counsel, if desired, and, therefore, the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party
shall not be employed in the interpretation of this Agreement. 
 13.6 Governing Law. This Agreement will be governed by
and construed in accordance with the laws of the United States and the State of California. Subject to the requirements of Section 12, above (binding arbitration), each party consents to the jurisdiction and venue of the state or federal courts
in San Francisco, California, if applicable, in any action, suit, or proceeding arising out of or relating to this Agreement. 

 13.7 Notices. Any notice required or permitted by this Agreement shall be in writing
and shall be delivered as follows with notice deemed given as indicated: (a) by personal delivery when delivered personally; (b) by overnight courier upon written verification of receipt; (c) by telecopy or facsimile transmission upon
acknowledgment of receipt of electronic transmission; or (d) by certified or registered mail, return receipt requested, upon verification of receipt. Notice shall be sent to the addresses set forth below, or such other address as either party
may specify in writing. 
 13.8 Survival. Provisions of this Agreement shall survive any termination of Employee’s
employment if so provided herein or if necessary or desirable fully to accomplish the purposes of other surviving provisions, including without limitation the obligations of Employee under the Confidentiality Agreement. 

13.9 Withholding. All payments made by the Company under this Agreement shall be reduced by any tax or other amounts required to
be withheld by the Company under applicable law. 
 13.10 Conditions of Agreement. In addition to execution of the
Confidentiality Agreement, this Agreement is contingent upon your providing documentation of your legal right to work in the United States and upon your successful completion of a background check. 

14. Entire Agreement. This Agreement, including the Confidentiality Agreement incorporated herein by reference, the Company’s
2004 Stock Plan and related option documents described in Section 4.3 of this Agreement, constitutes the entire agreement between the parties relating to this subject matter and supersedes all prior or simultaneous representations, discussions,
negotiations, and agreements, whether written or oral. This Agreement may be amended or modified only with the written consent of Employee and the CEO of Company. No oral waiver, amendment or modification will be effective under any circumstances
whatsoever. 

 THE PARTIES TO THIS AGREEMENT HAVE READ THE FOREGOING AGREEMENT AND FULLY UNDERSTAND EACH
AND EVERY PROVISION CONTAINED HEREIN. WHEREFORE, THE PARTIES HAVE EXECUTED THIS AGREEMENT ON THE DATES SHOWN BELOW. 
  

									
		 		 		 		 	John J. Rangel
					
	Dated:	 	 8/10/2011
	 		 		 	 /s/ John J. Rangel

		 		 		 		 	[Address]
					
		 		 		 		 	TRIA Beauty, Inc.
					
	Dated:	 	 8/10/2011
	 		 	By:	 	 /s/ Kevin Appelbaum

		 		 		 		 	Kevin Appelbaum
		 		 		 		 	President and CEO

 EXHIBIT A 

RELEASE OF CLAIMS 
 FOR AND IN CONSIDERATION OF the payments and benefits to be provided me in connection with the termination of my employment, as set forth in the agreement between me and TRIA Beauty, Inc. (the
“Company”) dated as of August     , 2011 (the “Agreement”), which are conditioned on my signing this Release of Claims and to which I am not otherwise entitled, and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, I, on my own behalf and on behalf of my heirs, executors, administrators, beneficiaries, representatives and assigns, and all others connected with or claiming through me,
hereby release and forever discharge the Company, its subsidiaries and other affiliates and all of their respective past, present and future officers, directors, trustees, shareholders, employees, employee benefit plans, agents, general and limited
partners, members, managers, investors, joint venturers, representatives, successors and assigns, and all others connected with any of them (all of the foregoing, the “Released”), both individually and in their official capacities,
from any and all causes of action, rights or claims of any type or description, known or unknown, which I have had in the past, now have, or might now have, through the date of my signing of this Release of Claims, in any way resulting from, arising
out of or connected with my employment by the Company or any of its parents, subsidiaries or other affiliates or the termination of that employment or pursuant to any federal, state or local law, regulation or other requirement (including without
limitation Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, including the Older Workers Benefit Protection Act, the Americans with Disabilities Act, the Employee Retirement Income Security Act and the fair
employment practices laws of the state or states in which I have been employed by the Company or any of its subsidiaries or other affiliates, each as amended from time to time) (all of the foregoing causes of action, rights and claims, collectively,
“Claims”). 
 In signing this Release of Claims, I expressly waive and relinquish all rights and benefits
afforded by Section 1542 of the Civil Code of the State of California, and do so understanding and acknowledging the significance of such specific waiver of Section 1542, which Section states as follows: 

A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the
release, which if known by him must have materially affected his settlement with the debtor. 
 Thus, notwithstanding the provisions of
Section 1542, and for the purpose of implementing a full and complete release and discharge of the Released, I expressly acknowledge that this Release of Claims is intended to include in its effect, without limitation, all Claims which I do not
know or suspect to exist in my favor at the time of execution hereof, and that this Release of Claims contemplates the extinguishment of such Claim or Claims. 
 Excluded from the scope of this Release of Claims is (i) any claim arising under the terms of the Agreement after the effective date of this Release of Claims and (ii) any rights of
indemnification and coverage under directors’ and officers’ liability insurance to which I am entitled. 

 In signing this Release of Claims, I acknowledge my understanding that I may not sign it
prior to the Separation Date (as defined in the Agreement), but that I may consider the terms of this Release of Claims for up to twenty-one (21) days from the Separation Date (or such longer period as the Company may specify in writing, which
in all events shall not exceed fifty-three (53) days following the Separation Date). I also acknowledge that I am advised by the Company and its subsidiaries and other affiliates to seek the advice of an attorney prior to signing this Release
of Claims; that I have had sufficient time to consider this Release of Claims and to consult with an attorney, if I wished to do so, or to consult with any other person of my choosing before signing; and that I am signing this Release of Claims
voluntarily and with a full understanding of its terms. 
 I further acknowledge that, in signing this Release of Claims, I have
not relied on any promises or representations express or implied, that are not set forth expressly in the Agreement. I understand that I may revoke this Release of Claims at any time within seven (7) days of the date of my signing by written
notice to the Sandy Wu-Bailey, Human Resources Manager, and that this Release of Claims will take effect only upon the expiration of such seven-day revocation period and only if I have not timely revoked it. 

Intending to be legally bound, I have signed this Release of Claims under seal as of the date written below. 

 

					
	Signature:	 	  
	  	
			
	Name (please print):	 	  
	  	
			
	Date Signed:

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