Document:

EXHIBIT 10.17

    FIRST
AMENDMENT TO OEM AGREEMENT

    

    This
First Amendment to OEM Agreement (“Amendment”) is made and entered into as of
this __ day of July 2007, by and between Arthrex, Inc., a Delaware corporation
having its principle place of business at 2885 South Horseshoe Drive, Naples,
Florida 34104 (“Arthrex”) and Bovie Medical Corporation, a Delaware corporation
having its principle place of business at 7100 30th Avenue
N, St. Petersburg, Florida 33710 (“Bovie”).  Arthrex and Bovie are
each a “Party” and, together, are “Parties.”

    

    RECITALS:

    

    WHEREAS,
capitalized terms used herein have the meaning set forth in this Amendment or
the meaning set forth in the respective agreement referenced herein where such
capitalized terms are defined;

    

    WHEREAS,
the Parties entered into that certain Original Equipment Manufacturing Agreement
with a Start Date of March 13, 2003 (the “OEM Agreement”);

    

    WHEREAS,
pursuant to Section 6.0 of the OEM Agreement, on or about May 22, 2007, Arthrex
provided Bovie with its written notice of non-renewal of the OEM Agreement,
which is set to expire on March 14, 2008 (the “Amendment Effective
Date”);

    

    WHEREAS,
pursuant to Section 12.7 of the OEM Agreement, the Parties may modify the OEM
Agreement only by a signed writing; and

    

    WHEREAS,
in lieu of non-renewal or termination pursuant to Section 6.0, the Parties have
negotiated new terms respecting (i) exclusivity, (ii) non-competition, (iii)
minimum purchase quantities, and (iv) related and affected provisions, under
which the Parties desire to modify, renew and extend the OEM Agreement, as
further set forth below.

    

    NOW,
THEREFORE, in consideration of the foregoing recitals (which are incorporated
herein and made a part hereof) and other good and valuable consideration, the
sufficiency of which is hereby acknowledged, the Parties agree as
follows.

    

    
      	
               
      

            	
              1.

            	
              Amendment.  As
      of the Amendment Effective Date, the following modifications to the OEM
      Agreement shall apply:

            

    

    

    
      	
               
      

            	
              a.

            	
              The
      text of Section 2.1(c) is hereby replaced with the
    following:

            

    

    

    Notwithstanding
anything to the contrary in Sections 2.1(a) and (b), in the event that any
change or modification to the Products or the Product Specifications requires
additional professional services, or results in a change in the costs incurred
by Bovie in the engineering, development, production, manufacture, sterilization
or packaging of the Products, Bovie shall so notify Arthrex and, upon Bovie’s
receipt of Arthrex’s written consent thereto, Bovie shall invoice Arthrex for
the professional services, change the applicable purchase price of, and
implement the change or modification to, the Products and their Product
Specifications.

    

    
      	
               
      

            	
              b.

            	
              The
      text of Section 2.2(a) is hereby stricken and replaced with “Intentionally
      Left Blank.”

            

    

    

    
      	
               
      

            	
              c.

            	
              In
      Section 2.2(b), the preamble “[s]ubject to Section 2.2(a) above,” is
      hereby stricken.

            

    

    

    
      	
               
      

            	
              d.

            	
              In
      Section 2.7, the phrase “except to a Back-up Supplier as set forth in
      Section 2.11” is hereby stricken.

            

    

    

    
      	
               
      

            	
              e.

            	
              The
      text of Sections 2.10(a) and 2.10(b) are hereby stricken and each replaced
      with “Intentionally Left Blank.”

            

    

    
      

      
        	
                First Amendment to OEM Agreement
      07.11.07

              	
                Page 1
      of 2

              

      

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              f.

            	
              The
      text of Section 2.11 (Alternate Source of Supply) is hereby stricken and
      replaced with “Intentionally Left
Blank.”

            

    

    

    
      	
               
      

            	
              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.

            

    

    

    
      	
               
      

            	
              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.

            

    

    

    
      	
               
      

            	
              i.

            	
              The
      text of Section 7.1(a)(iv) is hereby stricken and replaced with
      “Intentionally Left Blank.”

            

    

    

    
      	
               
      

            	
              j.

            	
              The
      text of Section 10.0 (Non-Competition) is hereby stricken and replaced
      with “Intentionally Left Blank.”

            

    

    

    
      	
               
      

            	
              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.

            

    

    

    IN WITNESS WHEREOF, the
Parties have hereby executed this Amendment as of the date first written
above.

    

    
      
        	
                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 2EXHIBIT 10.18

AMENDED EMPLOYMENT
AGREEMENT

    

    Agreement
entered into as of this 15 day of January 2006, between Andrew Makrides
(“Employee”) and Bovie Medical Corporation, (“Employer”)

    

    WHEREAS, the parties have
heretofore entered into an Employment Agreement (the “Agreement”) dated February
1, 2000, as the same has been amended pursuant to the Board Resolutions dated
January 23, 2002, January 6, 2004; and November 15, 2006; and

    

    WHEREAS, the parties are
desirous of memorializing the effect of the aforementioned resolutions and
further amending said Agreement on the terms hereinafter set forth.

    

    NOW THEREFORE, in
consideration of the premises and covenants herein contained,

    

    IT
IS HEREBY AGREED:

    

    
      	
              1.

            	
              Paragraph
      3 of the Agreement is hereby amended in its entirety to read as
      follows:

            

    

    

    TERM:
The initial term of employment under this Agreement shall be effective as of the
1st
day of February, 2000, and shall continue until January 31, 2011 or until
terminated as hereinafter provided. After January 31, 2009, the term of this
Agreement shall be automatically extended for continuous terms of one year each
unless the Employer provides the Employee with written notice of termination at
least nine months prior to the date the Employer plans to
terminate.

    

    
      	
              2.

            	
              Except
      as amended hereby, the Agreement is hereby ratified and
      approved.

            

    

    

    IN WITNESS WHEREOF the parties
have set forth their signatures this ____ day of November, 2006.

    

    
      
        
          
            
              
                	
                        BOVIE
      MEDICAL CORPORATION

                      
	 
      	 
      
	
                        By:

                      	
                        /S/ Andrew Makrides

                      
	 
      	
                          Andrew
      Makrides,
President

                      

              

            

          

        

      

    

     

    
      
        
          
            
              
                	 
      	
                        /S/ Andrew Makrides

                      
	 
      	
                        Andrew
      MakridesEXHIBIT 10.19

AMENDED EMPLOYMENT
AGREEMENT

    

    Agreement
entered into as of this 15 day of January 2006, between J. Robert
Saron  (“Employee”) and Bovie Medical Corporation,
(“Employer”)

    

    WHEREAS, the parties have
heretofore entered into an Employment Agreement (the “Agreement”) dated February
1, 2000, as the same has been amended pursuant to the Board Resolutions dated
January 23, 2002, January 6, 2004; and November 15, 2006; and

    

    WHEREAS, the parties are
desirous of memorializing the effect of the aforementioned resolutions and
further amending said Agreement on the terms hereinafter set forth.

    

    NOW THEREFORE, in
consideration of the premises and covenants herein contained,

    

    IT
IS HEREBY AGREED:

    

    
      	
              1.

            	
              Paragraph
      3 of the Agreement is hereby amended in its entirety to read as
      follows:

            

    

    

    TERM:
The initial term of employment under this Agreement shall be effective as of the
1st
day of February, 2000, and shall continue until January 31, 2011 or until
terminated as hereinafter provided. After January 31, 2009, the term of this
Agreement shall be automatically extended for continuous terms of one year each
unless the Employer provides the Employee with written notice of termination at
least nine months prior to the date the Employer plans to
terminate.

    

    
      	
              2.

            	
              Except
      as amended hereby, the Agreement is hereby ratified and
      approved.

            

    

    

    IN WITNESS WHEREOF the parties
have set forth their signatures this ____ day of November, 2006.

    

    
      
        
          
            
              	
                      BOVIE
      MEDICAL CORPORATION

                    
	 
      	 
      
	
                      By:

                    	
                      /S/ Andrew Makrides

                    
	 
      	
                      Andrew
      Makrides, President

                    
	 
      	 
      
	 
      	
                      /S/ J. Robert Saron

                    
	 
      	
                      J.
      Robert
Saron

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