Document:

Exhibit 10.6

 

RELIANT TECHNOLOGIES, INC.

NON-EMPLOYEE DIRECTOR COMPENSATION POLICY

 

APPROVED BY THE BOARD:  OCTOBER 12, 2007

 

ARTICLE I

DEFINITIONS

 

1.1                               “Board” will mean the Board of
Directors of the Company.

 

1.2                               “Change in Control”
means any of the following: (a) the date that any one person or persons acting
as a group acquires ownership of Company stock constituting more than fifty
percent (50%) of the total fair market value or total voting power of the stock
of the Company; (b) the date that any one person or persons acting as a group
acquires (or has acquired during the 12-month period ending on the date of the
most recent acquisition by such person or persons) ownership of the stock of
the Company possessing fifty percent (50%) or more of the total voting power of
the stock of the Company; (c) the date that a majority of members of the Board
is replaced during any 12-month period by directors whose appointment or
election is not endorsed by a majority of the members of the Board before the
date of the appointment or election; or (d) the date that any one person or
persons acting as a group acquires assets (or has acquired during the 12-month
period ending on the date of the most recent acquisition by such person or
persons) from the Company that have a total gross fair market value equal to or
more than eighty percent (80%) of the total gross fair market value of all of
the assets of the Company immediately prior to such acquisition or acquisitions.
The determination of whether an event constitutes a Change of Control for
purposes of this Policy will be made in accordance with its definition under
Section 409A of the Code and the regulations and other guidance thereunder, and
will not involve the exercise of any discretionary authority by the Board.

 

1.3                               “Code” will mean the Internal Revenue
Code of 1986, as amended.

 

1.4                               “Common Stock” will mean the common stock
of the Company.

 

1.5                               “Company” means Reliant Technologies,
Inc., a Delaware corporation.

 

1.6                               “Director” will mean a member of the
Board who is not an employee of the Company or any of its subsidiaries. Director
shall also refer to any individual who formerly served as a Director and in
respect of such service was credited with, and continues to have rights
pursuant to, a Stock Account hereunder.

 

1.7                               “Exchange Act” means the Securities
Exchange Act of 1934, as amended.

 

1

 

1.8                               “Fair Market Value Per Share” will
mean the Market Value Per Share, or, if there has been no Public Offering, the
fair market value of the Common Stock as determined in the good faith
discretion of the Board.

 

1.9                               “Fees” will mean amounts earned,
whether in cash or shares of Common Stock, for serving as a member of the
Board, including any committees of the Board, as set forth on Exhibit A hereto
(as such Exhibit A is amended from time to time by the Board). Fees will not
include reimbursement for expenses and will not include any other amounts
earned by a Director for service with the Company or is affiliates.

 

1.10                        “He”, “Him”,
or “His” will apply equally to male and
female members of the Board.

 

1.11                        “Market Value Per Share” will mean,
for any given day, the price per share equal to (i) the last sale price of the
Common Stock on such day on the principal stock exchange on which the Common
Stock may at the time be listed or, (ii) if there will have been no sales on
such exchange on such day, the average of the closing bid and asked prices of
the Common Stock on such exchange on such day or, (iii) if there is no such bid
and asked price on such day, the average of the closing bid and asked prices of
the Common Stock on the next preceding date when such bid and asked price
occurred or, (iv) if the Common Stock will not be so listed, the closing sales
price of the Common Stock as reported by NASDAQ on such day in the
over-the-counter market.

 

1.12                        “Policy” will mean the Reliant
Technologies, Inc. Non-Employee Director Compensation Policy, as it may be
amended from time to time.

 

1.13                        “Public Offering” will mean the sale
of shares of Common Stock to the public subsequent to the date hereof pursuant
to a registration statement under the Securities Act of 1933, as amended, and
the rules and regulations in effect thereunder, which has been declared
effective by the Securities Exchange Commission (other than a registration
statement on Form S-4, Form S-8 or any other similar form).

 

1.14                        “Service” will have the meaning set
forth in Section 409A(a)(2)(A)(i) of the
Code and related guidance thereunder.

 

1.15                        “Specified Employee” will have the
meaning set forth Section
409A(a)(2)(B)(i) of the Code.

 

1.16                        “Stock Account” will mean the
bookkeeping account created by the Company pursuant to Article III of this Policy
in accordance with an election by a Director to receive stock compensation
under Article II hereof.

 

1.17                        “Unforeseeable Emergency” means any severe financial
hardship to a Director resulting from a sudden and unexpected illness or
accident of the Director or a Director’s dependent (as defined in Section
152(a) of the Code), loss of the Director’s property due to casualty, or other
similar extraordinary and unforeseen circumstances arising as a result of
events beyond the control of the Director.

 

2

 

1.18                        “Year” will mean a calendar year.

 

ARTICLE II

ELECTION TO DEFER

 

2.1                               This
Policy will become effective on the date of the underwriting agreement between
the Company and the underwriter(s) managing the Public Offering pursuant to
which the Common Stock is priced for the Public Offering. No Director will be
eligible to participate in the Policy prior to such date.

 

2.2                               From
time to time, the Company shall determine the Fees to be paid to a Director for
serving as a member of the Board, including any committees of the Board. These
Fees will be set forth on Exhibit A hereto (as such Exhibit A is amended from
time to time by the Board).

 

2.3                               A
Director may elect, on or before December 31 of any Year, to defer payment of
all or a specified part of the Fees to be earned during the Year following the
Year in which such election occurs and succeeding Years (until the Director
ceases to be a Director or changes his election pursuant to Section 2.5 herein),
subject to any limitations imposed on the deferral of Fees from time to time as
set forth on Exhibit A; provided, however,
that with respect to the first Year in which a Director becomes eligible to
participate in the Policy, the Director may make an initial election within
thirty (30) days after the date the Director becomes so eligible to defer payment
of all or a specified part of such Fees earned following the date on which such
initial election is made during the remainder of such Year and for any
succeeding Years.

 

2.4                               The
election to participate in the Policy and manner of payment will be designated
by submitting a letter in the form attached hereto as Appendix A (as amended
from time to time by the Board) to the Secretary of the Company.

 

2.5                               The
election will continue from Year to Year and will become irrevocable on December
31 of each Year as to the application of such election as to the immediately
following Year. A Director may change or terminate his election for future
Years by written request in the form attached hereto as Appendix A (as amended
form time to time by the Board) delivered to the Secretary of the Company prior
to December 31 of the Year preceding the commencement of the Year for which the
change or termination is first effective. Any other attempt to change or
terminate the election will be effective only to the extent expressly approved
in writing by the Board and only to the extent such attempt is determined by
the Board to comply with the provisions of Section 409A of the Code and all
other applicable laws.

 

ARTICLE III

DEFERRED COMPENSATION ACCOUNTS

 

3.1                               The
Company will maintain separate Stock Accounts for the Fees deferred by each
Director. The Company will be under no obligation to acquire or hold any Common
Stock or any other securities or specific assets by reason of the credits made
to Director’s Stock Account.

 

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3.2                               The
Company will credit, on the date Fees otherwise would be issued or payable, the
Stock Account of each Director with a number of shares of Common Stock which is
equal to the deferred portion of any Fee due the Director as to which a proper
election under the Policy has been made.

 

(a)                                  With
respect to any Fees that would otherwise be paid in cash, the number of shares
of Common Stock credited to the Director’s Stock Account will be equal to the
dollar value of such cash Fees divided by the Fair Market Value Per Share
determined as of the date such Fees would otherwise have been paid. Such
amounts credited to the Stock Account will be fully vested and non-forfeitable
at all times.

 

(b)                                  With
respect to any Fees that would otherwise be issued in unvested and/or
restricted shares of Common Stock, the shares of Common Stock credited to the
Director’s Stock Account will be subject to the same vesting and other
restrictions to which the foregone restricted stock grant would have been
subject. If and to the extent a Director would forfeit his rights to receive
the forgone restricted stock grant, the Director shall similarly forfeit, and
have no further right, title or interest in or to the amounts credited to his Stock
Account in respect of such forgone restricted stock.

 

(c)                                  The
amounts credited to a Director’s Stock Account will not be reduced for any
income or employment tax withholding (except to the extent required by law).

 

3.3                               The
Company will credit the Stock Account of each Director with the number of
shares of Common Stock equal to any cash dividends (or the fair market value of
dividends paid in property other than dividends payable in Common Stock, as
such fair market value is determined in the sole discretion of the Board)
payable on the number of shares of Common Stock represented in each Director’s
Stock Account, divided by the Fair Market Value Per Share on the applicable
dividend payment date. Dividends payable in Common Stock in respect of the
number of shares of Common Stock represented in each Director’s Stock Account will
be credited to each Director’s Stock Account in the form of the right to
receive such Common Stock. Any dividends credited to the Stock Account in
respect of unvested and forfeitable shares of Common Stock shall be subject to
the same vesting and forfeiture restrictions as such original shares of Common
Stock in respect of which they are being paid.

 

3.4                               If
adjustments are made to the outstanding shares of Common Stock as a result of
split-ups, recapitalizations, mergers, consolidations and the like, an
appropriate adjustment will be made, on the terms provided under the 2007
Equity Incentive Plan, in the number of shares of Common Stock credited to the
Director’s Stock Account in order to prevent enlargement or dilution of the
Director’s rights under such Stock Account. Any shares of Common Stock or other
property so credited to a Director’s Stock Account in respect of unvested and
forfeitable shares of Common Stock shall be subject to the same vesting and
forfeiture terms and conditions applicable to the original shares of Common
Stock from which they are derived.

 

3.5                               All
calculations made under the Policy will be computed to three decimal places. However,
no fractional shares will be issued under the Policy. Any fractional share
credited to a Stock Account that becomes due and payable to a Director will be
paid in cash. The Stock Account of a Director will only be a bookkeeping
account. Shares of Common Stock as to

 

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which a Director is entitled
under this Policy will be granted and issued from, and be subject to the terms
of, the Company’s 2007 Equity Incentive Plan. As a condition to participation
in the Policy, the Director agrees to execute the standard form of stock award
agreement (which may be in the form of a restricted stock unit award agreement)
under the 2007 Equity Incentive Plan in respect of the shares of Common Stock
issued under the Policy to the extent determined necessary or appropriate by
the Company.

 

3.6                               Except
to the extent set forth in the Company’s 2007 Equity Incentive Plan, the right
to receive Common Stock at a later date will not entitle any person to rights
of a stockholder with respect to such Common Stock, other than the rights to
receive dividends as provided in Section 3.3 above, unless and until shares of
Common Stock have been issued to such person pursuant to Article IV hereof.

 

3.7                               Each
Director will receive an annual statement in such form as the Company deems
desirable setting forth the balance standing to the credit of the Director’s
Stock Account.

 

3.8                               Nothing
contained herein will be deemed to create a trust of any kind or any fiduciary
relationship. To the extent that any person acquires a right to receive
payments from the Company under the Policy, such right will be no greater than
the right of any unsecured general creditor of the Company. The Policy will be
unfunded for federal tax purposes.

 

ARTICLE IV

PAYMENT OF DEFERRED COMPENSATION

 

4.1                               Subject
to the other provisions of this Article IV, amounts credited to a Director’s
Stock Account will be distributed as provided in the Director’s election under
the Policy in respect of such amounts. Distributions will be paid in Common
Stock in a lump sum on the applicable date specified in the Director’s
applicable election. It is intended that the payment of all amounts deferred by
a specific Director pursuant to an election made under this Policy shall be
considered a separate “payment” (as defined under Treasury Regulations Section
1.409A-2(b)(2)) from payments made in respect of other amounts deferred under
this Policy by that Director pursuant to an different election made by the
Director.

 

(a)                                  Notwithstanding
the foregoing, if the Board determines that the issuance of shares credited to
the Director’s Stock Account on the scheduled date of distribution pursuant to
the Director’s election (the “Original Distribution Date”)
cannot be completed because such distribution would violate the terms of the Company’s
policy regarding insider trading (including as a result of the Director’s need
to engage in a sale of those shares in order to pay applicable withholding
taxes), then the shares that would otherwise be delivered on the Original
Distribution Date shall not be delivered on such date and shall instead be
delivered on the earliest to occur of (i) the first business day on which such
delivery would not violate the terms of the Company’s policy on insider
trading, (ii) December 31st of the same calendar year of the Original
Distribution Date, or (iii) the 15th day of the third calendar month following
the Original Distribution Date. In addition, if the Board determines that the
issuance of shares credited to the Director’s Stock Account on the Original Distribution
Date cannot be completed because such distribution would violate Federal
securities laws or other applicable laws, then, as

 

5

 

permitted under Treasury
Regulations Section 1.409A-2(b)(7)(ii), the shares that would otherwise be
delivered on the Original Distribution Date shall not be delivered on such date
and shall instead be delivered on the earliest date at which the Board
reasonably anticipates that the issuance of the shares will not cause such
violation. For purposes of determining the application of the prior sentence,
in accordance with Treasury Regulations Section 1.409A-2(b)(7)(ii) as in effect
on the date hereof, if the issuance of the shares would cause inclusion of
amounts in gross income or the application of any penalty provision or other
provision of the Internal Revenue Code, such adverse consequences alone are not
treated as a violation of applicable law.

 

4.2                               Each
Director will have the right to designate one or more beneficiaries to succeed
to his right to receive payments hereunder in the event of his death. Each
designated beneficiary will receive payments in the same manner as the Director
if he had lived. In case of a failure of designation or the death of all
designated beneficiaries without any designated successors, the balance of the
amounts credited to the Director’s Stock Account will be payable in accordance
with Section 4.1 to the Director’s estate in full. No beneficiary designation will
be valid unless it is in writing on the form attached hereto as Appendix B (or
any successor form designated by the Company), signed by the Director (and his
or her spouse to the extent required by applicable law) and filed with the
Secretary of the Company.

 

4.3                               Upon
application by a Director, the Company may direct the distribution in a lump
sum of all or a portion of the vested amounts credited to a Director’s Stock
Account in the event of an Unforeseeable Emergency. Any such application must
set forth the circumstances constituting such Unforeseeable Emergency. Notwithstanding
the foregoing, the Company may not direct the distribution of any such amounts
to the extent that such Unforeseeable Emergency is or may be relieved (a)
through reimbursement or compensation by insurance or otherwise; (b) by
liquidation of the Director’s assets, to the extent that such liquidation would
itself not cause severe financial hardship; or (c) by cessation of deferrals
under the Policy. Any distribution due to an Unforeseeable Emergency shall only
be permitted to the extent reasonably needed to satisfy such hardship, and
shall be made in the sole discretion of the Company both with respect to the
determination as to whether an Unforeseeable Emergency exists and as to the
amount distributable. Any distribution allowed in the event of an Unforeseeable
Emergency will be paid on the tenth (10th) day following the date
such distribution is approved by the Company.

 

ARTICLE V

ADMINISTRATION

 

5.1                               Except
as expressly provided herein, the Company will be the administrator of the Policy
and will do so at its expense. As administrator, the Company will interpret,
construe and apply the Policy’s provisions in accordance with its terms. The
Company will further establish, adopt or revise such rules and regulations as it
may deem necessary or advisable for the administration of the Policy. All
determinations and interpretations made by the Company in good faith shall not
be subject to review by any person and shall be final, binding and conclusive
on all persons.

 

5.2                               Except
to the extent required by law, the right of any Director or any beneficiary to
any benefit or to any payment hereunder will not be subject in any manner to
attachment or

 

6

 

other legal process for the debts
of such Director or beneficiary; and any such benefit or payment will not be
subject to alienation, sale, transfer, assignment or encumbrance.

 

ARTICLE VI

AMENDMENT OF PROGRAM; GOVERNING LAW; SECTION 409A.

 

6.1                               The
Policy may be amended, suspended or terminated in whole or in part from time to
time by the Board except that no amendment, suspension, or termination will adversely
affect the payment of any amounts previously credited to a Director’s Stock
Account without that Director’s written consent.

 

6.2                               The
Policy will be governed by and construed and enforced in accordance with the
laws of the State of Delaware, without regard to principles of conflict of law.
In the event any provision of this Policy is held invalid, void or
unenforceable, the same shall not affect, in any respect whatsoever, the
validity of any other provisions of this Policy.

 

6.3                               This
Policy will not be deemed to constitute a contract of employment or service
between the Company and any Director. Nothing contained in this Policy shall be
deemed to give any Director the right to be retained in the service of the
Company or to interfere with the right of the Company or the Board to discharge
any Director at any time regardless of the effect which such discharge shall
have upon such individual as a Director in the Policy.

 

6.4                               Any
controversy or claim arising out of relating to this Policy shall be settled by
binding arbitration in San Francisco, California, in accordance with the
Arbitration Rules and Procedures of the Judicial Arbitration and Mediation
Service (“JAMS”). The parties shall seek to agree upon appointment of the
arbitrator and the arbitration procedures. If the parties are unable to reach
such agreement, a single arbitrator shall be appointed pursuant to the JAMS
Arbitration Rules and Procedures, and the arbitrator shall determine the
arbitration procedures. Any award pursuant to such arbitration shall be
included in a written decision which shall state the legal and factual reasons
upon which the award was based, including all the elements involved in the
calculation of any award of damages. Any such award shall be deemed final and
binding and may be entered and enforced in any state or federal court of
competent jurisdiction. The arbitrator shall interpret the Policy in accordance
with the laws of Delaware. Each party shall pay its own fees and expenses
incurred in any arbitration under this Policy, but the expenses of the
arbitration shall be paid by the Company.

 

6.5                               This
Policy shall be binding upon the Company and its successors and assigns.

 

6.6                               Notwithstanding
any other provision of the Policy, this Policy is intended to comply with
Section 409A of the Code and will at all times be interpreted in accordance
with such intent such that amounts credited to Directors’ accounts will not be
taxable to Directors until such amounts are paid to Directors in accordance
with the terms of the Policy. In furtherance thereof, no payments may be
accelerated under the Policy other than to the extent permitted under Section
409A of the Code. To the extent that any provision of the Policy violates
Section 409A of the Code such that amounts would be taxable to a Director prior
to payment or would otherwise subject a Director to a penalty tax under Section
409A of the Code,

 

7

 

such provision will be
automatically reformed or stricken to preserve the intent hereof. To the extent
that the Company determines that Directors may be given greater flexibility
than provided herein to modify or revoke deferral elections under the Policy in
a manner consistent with Section 409A of the Code, the Board may (but will not
be obligated to) amend the Policy to provide for such greater flexibility. Notwithstanding anything to the contrary
contained herein, neither the Company nor any of its affiliates will be
responsible for, or required to reimburse or otherwise make any Director whole
for, any tax or penalty imposed on, or losses incurred by, any Director that
arises in connection with the potential or actual application of Section 409A of
the Code to the Policy and the Stock
Accounts hereunder.

 

8

 

EXHIBIT A

 

Reliant Technologies, Inc.

Non-Employee Director Compensation Policy, Post-Public Offering

 

Annual Board Compensation

 

1.                                       $75,000 in
restricted stock granted on February 15th of each year (valued at
the Fair Market Value Per Share on grant date). Shares vest quarterly on May 15th,
August 15th, November 15th, and February 15th,
with 100% vesting on the one (1) year anniversary of the grant date.

 

2.                                       $12,500 cash
($50,000 in aggregate), paid each quarter on February 15th, May 15th,
August 15th, and November 15th.

 

If a Director joins the Board at a time other than on February 15th,
each of the restricted stock and cash amounts above would be reduced on a pro
rata basis, based on the portion of the 12 month period remaining prior to the
next February 15th. The cash fees shall be vested upon payment.

 

Committee Compensation

 

1.                                       $25,000 in cash
annually to any non-employee Chairman of the Board.

 

2.                                       $10,000 in cash
annually to the Audit Committee Chairman.

 

3.                                       $5,000 in cash
annually to the Chairman of any other committees, including Compensation
Committee and Governance Committee.

 

Each committee amount shall be paid quarterly on same schedule as
annual board cash compensation (as described above) and shall be in addition to
other Board compensation. No meeting fees shall be paid for attendance at
meetings of the Board or any standing committee. The cash fees will be vested
upon payment.

 

Initial Director Grant

 

Each Director who joins the Board shall be entitled to receive a stock
option with a value of $100,000 (using the then current Black-Scholes value as
determined for purposes of the Company’s most recently completed quarter prior
to the date of the grant), with 100% vesting on the one (1) year anniversary of
the grant date.

 

Directors may not make a deferral election under the Policy with
respect to the stock option.

 

9

 

APPENDIX A

 

[Date]

 

Reliant Technologies, Inc.

464 Ellis Street

Mountain View, CA 94043

 

Attention Corporate
Secretary:

 

I hereby make the elections set forth below pursuant
to the Reliant Technologies, Inc. Non-Employee Director Compensation Policy (the
“Policy”).

 

No Deferral - Receipt of Cash
Fees in Stock. I hereby elect to receive all of the Fees
to which I may become in respect of 2007 and succeeding Years as and when they
become issuable and payable. I also hereby elect to receive the following
percentage of the Fees that I would otherwise receive in cash in the form of
shares of Common Stock (indicate a percentage from 0% to 100%):

 

% of the Fees otherwise payable in cash will be paid
in shares of Common Stock. The number of shares of Common Stock that I will
receive will be equal to the dollar value of the cash Fees so elected divided
by the Fair Market Value Per Share, determined as of the date such Fees would
otherwise have been paid. Such shares of Common Stock will be fully vested and
non-forfeitable and will be issued to me, pursuant to the terms of the 2007
Equity Incentive Plan, as soon as reasonably practicable on or after the
applicable date on which the cash Fees would otherwise have been paid. I agree
to enter into the applicable form of stock award agreement under the 2007
Equity Incentive Plan in respect of such shares.

 

Initial Deferral Election.
I hereby elect to defer receipt of all or a portion of the Fees to which I may
become entitled in respect of 2007 and succeeding Years as follows (fill in
appropriate percentages):

 

% of the Fees otherwise
payable in cash will be credited to my Stock Account as provided for in the Policy.

 

% of the Fees
otherwise payable as restricted stock will be credited to my Stock Account as
provided for in the Policy.

 

Timing of Distributions.
I hereby elect to have my Stock Account payable on the earliest to occur of (indicate
yes/no to one or more of the following, and the desired year, if applicable):

 

 the first business day after the thirtieth (30th)
day following the date of the termination of my Service on the Board. Notwithstanding
the foregoing, if I am a Specified Employee as of the date of the termination
of my Service, then the payment of my Stock Account will be made on the date
that is the first business day after the date that six (6) months after my
termination date.

 

10

 

the effective date of a Change in Control.

 

February 15 of the year 20     
(or, if February 15 of such year is not a business day, the first business day
thereafter).

 

I
understand and agree that my elections set forth herein are irrevocable and
will remain in effect unless and until I change my election for Fees that
become issuable and payable in succeeding years pursuant to the terms of the
Policy.

 

Very truly yours,

 

[Name]

 

11

 

APPENDIX B

 

[Date]

 

Reliant Technologies,
Inc.

464 Ellis Street

Mountain View, CA 94043

 

Attention Corporate
Secretary:

 

 

In the event of my death prior to receipt of all or
any amount of the balance of my Stock Account so accumulated, I designate          
                   
 as my beneficiary to receive the funds
so accumulated, but unpaid.

 

 

	
   

  	
   

  
	
  [NAME]

  
	
   

  
	
   

  
	
   

  	
   

  
	
  [SPOUSE’S NAME]

  

 

 

Witnessed this          
 day of          
, 20    .

 

 

	
   

  	
   

  
	
  [WITNESS]

  

 

12Exhibit
10.35

 

THIS
WARRANT AND THE UNDERLYING SECURITIES HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”).
THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE
OF AN EFFECTIVE REGISTRATION STATEMENT AS TO SUCH SECURITIES UNDER THE ACT OR
AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT
REQUIRED.

 

RELIANT
TECHNOLOGIES, INC.

 

WARRANT
TO PURCHASE COMMON STOCK

 

	
  Warrant No. 49

  	
   

  	
  July 15, 2005

  

 

Void
After July 15, 2008

 

THIS
CERTIFIES THAT, for value received, Richard
Fitzpatrick, or his assigns (the “Holder”), is entitled to subscribe for
and purchase at the Exercise Price (defined below) from Reliant Technologies, Inc., a Delaware corporation, with its principal
office at 260 Sheridan Ave., Suite 300, Palo Alto, CA  94306 (the “Company”) up to 29,464 shares of Common Stock of the Company
(the “Common Stock”).

 

1.             DEFINITIONS. As
used herein, the following terms shall have the following respective meanings:

 

(a)                           “Exercise Period” shall
mean the period commencing with the date hereof and ending three years later,
unless sooner terminated as provided below.

 

(b)                           “Exercise Price” shall
mean $3.00 per share, subject to adjustment pursuant to Section 8 below.

 

(c)                           “Exercise Shares”
shall mean the shares of the Company’s Common Stock issuable upon exercise of
this Warrant, subject to (i) vesting in accordance with Section 2 below and
(ii) adjustment pursuant to the terms herein, including but not limited to
adjustment pursuant to Section 8 below.

 

(d)                           “Change in Control” shall mean the occurrence, in a
single transaction or in a series of related transactions, of any one or more
of the following events:

 

(i)            any Entity becomes
the owner, directly or indirectly, of securities of the Company representing
more than fifty percent (50%) of the combined voting power of the Company’s
then outstanding securities other than by virtue of a merger, consolidation or
similar transaction. Notwithstanding the foregoing, a Change in Control shall
not be deemed to occur (A) on account of the acquisition of securities of the
Company by any institutional investor, any affiliate thereof or any other
Entity that acquires the Company’s securities in a transaction or series of
related transactions that are primarily a private financing transaction for the
Company or (B) solely because the level of ownership held by any Entity (the “Subject
Person”) exceeds the designated percentage threshold of the outstanding voting
securities as a result of a repurchase or other acquisition of voting
securities by the Company reducing the number of shares outstanding, provided
that if a Change in Control would occur (but for the operation of

 

1

 

this sentence) as a
result of the acquisition of voting securities by the Company, and after such
share acquisition, the Subject Person becomes the owner of any additional
voting securities that, assuming the repurchase or other acquisition had not
occurred, increases the percentage of the then outstanding voting securities
owned by the Subject Person over the designated percentage threshold, then a
Change in Control shall be deemed to occur;

 

(ii)           there is
consummated a merger, consolidation or similar transaction involving (directly
or indirectly) the Company if, immediately after the consummation of such
merger, consolidation or similar transaction, the stockholders of the Company
immediately prior thereto do not own, directly or indirectly, either (A)
outstanding voting securities representing more than fifty percent (50%) of the combined outstanding voting power of
the surviving Entity in such merger, consolidation or similar transaction or
(B) more than fifty percent (50%)
of the combined outstanding voting power of the parent of the surviving Entity
in such merger, consolidation or similar transaction; or

 

(iii)         there is consummated
a sale, lease, license or other disposition of all or substantially all of the
consolidated assets of the Company and its subsidiaries, other than a sale,
lease, license or other disposition of all or substantially all of the
consolidated assets of the Company and its subsidiaries to an Entity, more than
fifty percent (50%) of the
combined voting power of the voting securities of which are owned by stockholders
of the Company in substantially the same proportion as their ownership of the
Company immediately prior to such sale, lease, license or other disposition.

 

The term Change in
Control shall not include a sale of assets,
merger or other transaction effected exclusively for the purpose of changing
the domicile of the Company.

 

(e)                           “Entity” means a corporation, partnership or other
entity, except that “Entity” shall not include (A) the Company or any
subsidiary of the Company, (B) an underwriter temporarily holding securities
pursuant to an offering of such securities, or (C) an Entity owned, directly or
indirectly, by the stockholders of the Company in substantially the same
proportions as their ownership of stock of the Company.

 

2.             VESTING/COMPANY
REPURCHASE OPTION. The shares of Common Stock issuable pursuant to this
Warrant shall vest according to the following schedule (the “Vesting Schedule”):   1/12th of the shares shall vest
on January 31, 2005 and on the last day of each month thereafter until this
Warrant becomes fully vested on December 31, 2005; provided that Holder
continues to provide services to the Company as an employee or consultant throughout
the term of such Vesting Schedule and to the extent Holder fails to provide
such services to the Company during the term of such Vesting Schedule, then the
vesting shall cease immediately upon the cessation of such services.

 

3.             EXERCISE OF VESTED
SHARES OF COMMON STOCK UNDER THIS WARRANT. Subject to Section 2 above, the right
to purchase vested shares of Common Stock underlying this Warrant may be
exercised in whole at any time, or in part from time to time during the
Exercise Period, by delivery of the following to the Company at its address set
forth above (or at such other address as it may designate by notice in writing
to the Holder):

 

2

 

(a)                           An
executed Notice of Exercise in the form attached hereto as Exhibit A;

 

(b)                           Payment
of the Exercise Price either (i) in cash or by check, or (ii) by cancellation
of indebtedness;  and

 

(c)                           This
Warrant; provided, however, in the case of a partial exercise of this Warrant,
the Company shall promptly issue a new Warrant (in the same form as this
Warrant) for the unexercised balance.

 

Upon the exercise of the right to purchase vested
shares of Common Stock underlying this Warrant, a certificate or certificates
for the Exercise Shares so purchased, registered in the name of the Holder or
persons affiliated with the Holder, if the Holder so designates, shall be
issued and delivered to the Holder within a reasonable time; provided that
payment of the income tax withholding obligation, if any, related to the
exercise of this Warrant must be made by the Holder prior to the Company’s
obligation pursuant to this paragraph to deliver a stock certificate to the
Holder representing the Exercise Shares.

 

The person in whose name any certificate or
certificates for Exercise Shares are to be issued upon exercise of this Warrant
shall be deemed to have become the holder of record of such shares on the date
on which this Warrant was surrendered and payment of the Exercise Price was
made, irrespective of the date of delivery of such certificate or certificates,
except that, if the date of such surrender and payment is a date when the stock
transfer books of the Company are closed, such person shall be deemed to have
become the holder of such shares at the close of business on the next
succeeding date on which the stock transfer books are open.

 

4.             EXERCISE PRIOR TO
VESTING (“EARLY EXERCISE”). The Holder may elect at any time during the term of this Warrant, to exercise all
or part of this Warrant,
including the unvested portion of this Warrant;
provided, however, that the Holder and
the Company shall enter into that certain Early Exercise Stock Purchase
Agreement (and all exhibits thereto) attached hereto as Exhibit C, and provided further, that:

 

4.1          a partial exercise
of this Warrant shall be deemed
to cover first vested shares of Common Stock and then the earliest vesting
installment of unvested shares of Common Stock; and

 

4.2          any shares of Common
Stock so purchased from installments that have not vested as of the date of
exercise shall be subject to the Company’s Repurchase Option (as defined in the
Early Exercise Stock Purchase Agreement).

 

5.             NET EXERCISE OF
VESTED SHARES OF COMMON STOCK UNDER THIS WARRANT. Notwithstanding any
provisions herein to the contrary, if the fair market value of one Exercise
Share is greater than the Exercise Price (at the date of calculation as set
forth below), in lieu of exercising this Warrant by payment of cash, the Holder
may elect to receive shares equal to the value (as determined below) of this
Warrant (or the portion thereof being canceled) by surrender of this Warrant at
the principal office of the Company together with the properly endorsed Notice
of Exercise in which event the Company shall issue to the Holder a number of
vested Exercise Shares computed using the following formula:

 

3

 

X = Y (A-B)

A

 

Where    X =          the
number of Exercise Shares to be issued to the Holder

 

Y =          the
number of vested Exercise Shares purchasable under the Warrant or, if only a
portion of the Warrant is being exercised, that number of vested Exercise
Shares purchasable under the Warrant which are to be canceled (at the date of
such calculation)

 

A =         the
fair market value of one Exercise Share (at the date of such calculation)

 

B =          Exercise
Price (as adjusted to the date of such calculation)

 

For purposes of the above
calculation, the fair market value of one Exercise Share shall be determined by
the Company’s Board of Directors in good faith; provided, however, that in the
event that this Warrant is exercised pursuant to this Section 5 in
connection with the Company’s initial public offering of its Common Stock, the
fair market value per share shall be the per share offering price to the public
of the Company’s initial public offering. Unvested shares may not be exercised
pursuant to this Section 5.

 

6.             COVENANTS OF THE
COMPANY.

 

6.1          Covenants as to Exercise
Shares. The Company covenants and agrees that all Exercise Shares that may
be issued upon the exercise of the rights represented by this Warrant will,
upon issuance, be validly issued and outstanding, fully paid and nonassessable,
and free from all taxes, liens and charges with respect to the issuance thereof.
The Company further covenants and agrees that the Company will at all times
during the Exercise Period, have authorized and reserved, free from preemptive
rights, a sufficient number of shares of its Common Stock to provide for the
exercise of the rights represented by this Warrant. If at any time during the
Exercise Period the number of authorized but unissued shares of Common Stock
shall not be sufficient to permit exercise of this Warrant, the Company will
take such corporate action as may, in the opinion of its counsel, be necessary
to increase its authorized but unissued shares of Common Stock to such number
of shares as shall be sufficient for such purposes.

 

6.2          No Impairment. Except
and to the extent as waived or consented to by the Holder, the Company will
not, by amendment of its Certificate
of Incorporation or through any reorganization, transfer of assets,
consolidation, merger, dissolution, issue or sale of securities or any other
voluntary action, avoid or seek to avoid the observance or performance of any
of the terms to be observed or performed hereunder by the Company, but will at
all times in good faith assist in the carrying out of all the provisions of this
Warrant and in the taking of all such action as may be necessary or appropriate
in order to protect the exercise rights of the Holder against impairment.

 

6.3          Notices of Record Date. In
the event of any taking by the Company of a record of the holders of any class
of securities for the purpose of determining the holders thereof who are
entitled to receive any dividend (other than a cash dividend which is the same
as cash

 

4

 

dividends paid in
previous quarters) or other distribution, the Company shall mail to the Holder,
at least ten (10) days prior to the date specified herein, a notice specifying
the date on which any such record is to be taken for the purpose of such
dividend or distribution.

 

7.             REPRESENTATIONS OF
HOLDER.

 

7.1          Acquisition of Warrant
for Personal Account. The Holder represents and warrants that it is
acquiring the Warrant and the Exercise Shares solely for its account for
investment and not with a view to or for sale or distribution of said Warrant
or Exercise Shares or any part thereof. The Holder also represents that the
entire legal and beneficial interests of the Warrant and Exercise Shares the
Holder is acquiring is being acquired for, and will be held for, its account
only.

 

7.2          Securities Are Not
Registered.

 

(a)           The Holder
understands that the Warrant and the Exercise Shares have not been registered
under the Act on the basis that no distribution or public offering of the stock
of the Company is to be effected. The Holder realizes that the basis for the
exemption may not be present if, notwithstanding its representations, the
Holder has a present intention of acquiring the securities for a fixed or
determinable period in the future, selling (in connection with a distribution
or otherwise), granting any participation in, or otherwise distributing the
securities. The Holder has no such present intention.

 

(b)           The Holder
recognizes that the Warrant and the Exercise Shares must be held indefinitely
unless they are subsequently registered under the Act or an exemption from such
registration is available. The Holder recognizes that the Company has no
obligation to register the Warrant or the Exercise Shares of the Company, or to
comply with any exemption from such registration.

 

(c)           The Holder is aware
that neither the Warrant nor the Exercise Shares may be sold pursuant to Rule
144 adopted under the Act unless certain conditions are met, including, among
other things, the existence of a public market for the shares, the availability
of certain current public information about the Company, the resale following
the required holding period under Rule 144 and the number of shares being sold
during any three month period not exceeding specified limitations. Holder is
aware that the conditions for resale set forth in Rule 144 have not been
satisfied and that the Company presently has no plans to satisfy these
conditions in the foreseeable future.

 

7.3          Disposition of Warrant
and Exercise Shares.

 

(a)           The Holder further
agrees not to make any disposition of all or any part of the Warrant or
Exercise Shares in any event unless and until:

 

(i)            The Company shall
have received a letter secured by the Holder from the Securities and Exchange
Commission stating that no action will be recommended to the Commission with
respect to the proposed disposition;

 

5

 

(ii)           There is then in
effect a registration statement under the Act covering such proposed
disposition and such disposition is made in accordance with said registration
statement; or

 

(iii)         The Holder shall have
notified the Company of the proposed disposition and shall have furnished the
Company with a detailed statement of the circumstances surrounding the proposed
disposition, and if reasonably requested by the Company, the Holder shall have
furnished the Company with an opinion of counsel, reasonably satisfactory to
the Company, for the Holder to the effect that such disposition will not
require registration of such Warrant or Exercise Shares under the Act or any
applicable state securities laws.

 

(b)           The Holder
understands and agrees that all certificates evidencing the shares to be issued
to the Holder may bear the following legend:

 

THESE SECURITIES HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”). THEY MAY NOT
BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN
EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER THE ACT OR AN
OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT
REQUIRED.

 

8.             ADJUSTMENT OF
EXERCISE PRICE. In the event of changes in the outstanding Common Stock of
the Company by reason of stock dividends, split-ups, recapitalizations,
reclassifications, combinations or exchanges of shares, separations, reorganizations,
liquidations, or the like, the number and class of shares available under the
Warrant in the aggregate and the Exercise Price shall be correspondingly
adjusted to give the Holder of the Warrant, on exercise for the same aggregate
Exercise Price, the total number, class, and kind of shares as the Holder would
have owned had the Warrant been exercised prior to the event and had the Holder
continued to hold such shares until after the event requiring adjustment;
provided, however, that such adjustment shall not be made with respect to, and
this Warrant shall terminate if not exercised prior to, the events set forth in
Section 10 below. The form of this Warrant need not be changed because of
any adjustment in the number of Exercise Shares subject to this Warrant.

 

9.             FRACTIONAL SHARES. No
fractional shares shall be issued upon the exercise of this Warrant as a
consequence of any adjustment pursuant hereto. All Exercise Shares (including
fractions) issuable upon exercise of this Warrant may be aggregated for
purposes of determining whether the exercise would result in the issuance of
any fractional share. If, after aggregation, the exercise would result in the
issuance of a fractional share, the Company shall, in lieu of issuance of any
fractional share, pay the Holder otherwise entitled to such fraction a sum in
cash equal to the product resulting from multiplying the then current fair
market value of an Exercise Share by such fraction.

 

10.          EARLY TERMINATION. In the event of a Change of Control, any
surviving corporation or acquiring corporation may assume or continue this
Warrant or may substitute a similar Warrant for this Warrant (it being
understood that a similar Warrant shall include, but

 

6

 

shall not be limited to,
a Warrant to acquire the same consideration paid to the stockholders or the
Company, as the case may be, pursuant to the Change of Control), and any
reacquisition or repurchase rights held by the Company in respect of Common
Stock issued pursuant to the Warrant may be assigned by the Company to the
successor of the Company (or such successor’s parent company), if any, in
connection with such Change of Control. In the event that any surviving
corporation or acquiring corporation does not assume or continue this Warrant
or substitute a similar Warrant for this Warrant, then the vesting of this
Warrant shall accelerate in full and this Warrant shall terminate if not
exercised (if applicable) at or prior to the consummation of such Change of
Control, and any reacquisition or repurchase rights held by the Company with
respect to Common Stock issued pursuant to the Warrant shall (contingent upon
the consummation of the Change of Control) lapse. The Company shall provide to
the Holder twenty (20) days advance written notice of such termination of this
Warrant the consummation of a Change of Control.

 

11.          MARKET STAND-OFF
AGREEMENT. Holder shall not sell, dispose of, transfer, make any short sale
of, grant any option for the purchase of, or enter into any hedging or similar
transaction with the same economic effect as a sale, any Common Stock (or other
securities) of the Company held by Holder, for a period of time specified by
the managing underwriter(s) (not to exceed one hundred eighty (180) days) following
the effective date of a registration statement of the Company filed under the
Act for the initial public offering of the Company’s common stock. Holder
agrees to execute and deliver such other agreements as may be reasonably
requested by the Company and/or the managing underwriter(s) which are
consistent with the foregoing or which are necessary to give further effect
thereto. In order to enforce the foregoing covenant, the Company may impose
stop-transfer instructions with respect to such Common Stock (or other
securities) until the end of such period. The underwriters of the Company’s
stock are intended third party beneficiaries of this Section 11 and shall have
the right, power and authority to enforce the provisions hereof as though they
were a party hereto.

 

12.          NO STOCKHOLDER RIGHTS. This
Warrant in and of itself shall not entitle the Holder to any voting rights or
other rights as a stockholder of the Company.

 

13.          TRANSFER OF WARRANT. Subject
to applicable laws and the restriction on transfer set forth on the first page
of this Warrant, this Warrant and all rights hereunder are transferable, by the
Holder in person or by duly authorized attorney, upon delivery of this Warrant
and the form of assignment attached hereto as Exhibit
B to any transferee designated by Holder. The transferee shall sign
an investment letter in form and substance satisfactory to the Company that
includes, among other things, transferee’s agreement to be bound by all of the
terms and conditions by which Holder is bound.

 

14.          LOST, STOLEN, MUTILATED
OR DESTROYED WARRANT. If this Warrant is lost, stolen, mutilated or
destroyed, the Company may, on such terms as to indemnity or otherwise as it
may reasonably impose (which shall, in the case of a mutilated Warrant, include
the surrender thereof), issue a new Warrant of like denomination and tenor as
the Warrant so lost, stolen, mutilated or destroyed. Any such new Warrant shall
constitute an original contractual obligation of the Company, whether or not
the allegedly lost, stolen, mutilated or destroyed Warrant shall be at any time
enforceable by anyone.

 

7

 

15.          NOTICES, ETC. All
notices required or permitted hereunder shall be in writing and shall be deemed
effectively given: (a) upon personal delivery to the party to be notified,
(b) when sent by confirmed telex or facsimile if sent during normal
business hours of the recipient, if not, then on the next business day,
(c) five (5) days after having been sent by registered or certified mail,
return receipt requested, postage prepaid, or (d) one (1) day after
deposit with a nationally recognized overnight courier, specifying next day
delivery, with written verification of receipt. All communications shall be
sent to the Company at the address listed on the signature page and to Holder
at the last known address for the Holder maintained in the Company’s records,
or at such other address as the Company or Holder may designate by ten (10)
days advance written notice to the other parties hereto.

 

16.          ACCEPTANCE. Receipt
of this Warrant by the Holder shall constitute acceptance of and agreement to
all of the terms and conditions contained herein.

 

17.          GOVERNING LAW. This
Warrant and all rights, obligations and liabilities hereunder shall be governed
by the laws of the State of California.

 

8

 

IN WITNESS WHEREOF, the Company
has caused this Warrant to be executed by its duly authorized officer as of July
15, 2005.

 

 

	
   

  	
  RELIANT
  TECHNOLOGIES, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Dennis Condon

  
	
   

  	
   

  	
  Dennis Condon

  
	
   

  	
   

  	
  Chief Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  Address:

  	
  260 Sheridan Avenue

  
	
   

  	
   

  	
  Suite 300

  
	
   

  	
   

  	
  Palo Alto, CA
  94306

  
				

 

9

 

EXHIBIT
A

 

NOTICE
OF EXERCISE

 

TO:  RELIANT
TECHNOLOGIES, INC.

 

(1)           The undersigned hereby elects to purchase                
shares of Common Stock of Reliant
Technologies, Inc. (the “Company”) pursuant to the terms of the attached
Warrant, and tenders herewith payment of the exercise price in full, and the
amount of the Company’s withholding obligation, if any, relating to such
exercise.

 

(2)           Please issue a certificate or certificates
representing said shares of Common Stock in the name of the undersigned or in
such other name as is specified below:

 

 

(Name)

 

 

(Address)

 

(3)           The undersigned represents that (i) the
aforesaid shares of Common Stock are being acquired for the account of the
undersigned for investment and not with a view to, or for resale in connection
with, the distribution thereof and that the undersigned has no present
intention of distributing or reselling such shares; (ii) the undersigned is
aware of the Company’s business affairs and financial condition and has
acquired sufficient information about the Company to reach an informed and
knowledgeable decision regarding its investment in the Company; (iii) the
undersigned is experienced in making investments of this type and has such
knowledge and background in financial and business matters that the undersigned
is capable of evaluating the merits and risks of this investment and protecting
the undersigned’s own interests; (iv) the undersigned understands that the
shares of Common Stock issuable upon exercise of this Warrant have not been
registered under the Securities Act of 1933, as amended (the “Securities Act”), by
reason of a specific exemption from the registration provisions of the
Securities Act, which exemption depends upon, among other things, the bona fide
nature of the investment intent as expressed herein, and, because such
securities have not been registered under the Securities Act, they must be held
indefinitely unless subsequently registered under the Securities Act or an
exemption from such registration is available; (v) the undersigned is aware
that the aforesaid shares of Common Stock may not be sold pursuant to Rule 144
adopted under the Securities Act unless certain conditions are met and until
the undersigned has held the shares for the number of years prescribed by Rule
144, that among the conditions for use of the Rule is the availability of
current information to the public about the Company and the Company has not
made such information available and has no present plans to do so; and (vi) the
undersigned agrees not to make any disposition of all or any part of the
aforesaid shares of Common Stock unless and until there is then in effect a
registration statement under the Securities Act covering such proposed
disposition and such disposition is made in accordance with said registration
statement, or the undersigned has provided the Company with an opinion of
counsel satisfactory to the Company, stating that such registration is not
required.

 

	
   

  	
   

  	
   

  
	
  (Date)

  	
   

  	
  (Signature)

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  (Print name)

  

 

 

EXHIBIT
B

 

ASSIGNMENT
FORM

 

(To assign the foregoing
Warrant, execute this form and supply required information. Do not use this
form to purchase shares.)

 

FOR VALUE RECEIVED, the
foregoing Warrant and all rights evidenced thereby are hereby assigned to

 

	
  Name:

  	
   

  
	
  (Please Print)

  
	
   

  
	
  Address:

  	
   

  
	
   

  	
  (Please Print)

  
	
   

  
	
  Dated:                         ,
  20   

  
	
   

  	
   

  
	
  Holder’s

  
	
  Signature:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Holder’s

  	
   

  
	
  Address:

  	
   

  	
   

  
					

 

The assignment of this Warrant and/or the transfer of any shares of
common stock underlying this warrant shall be subject to compliance with all
applicable securities laws and delivery by the assignee/transferee of an
investment letter in form and substance satisfactory to the Company that
requires, among other things, that assignee be bound by all terms and
conditions by which Holder is bound.

 

NOTE:  The signature to this Assignment Form must
correspond with the name as it appears on the face of the Warrant, without
alteration or enlargement or any change whatever. Officers of corporations and
those acting in a fiduciary or other representative capacity should file proper
evidence of authority to assign the foregoing Warrant.

 

 

EXHIBIT
C

 

EARLY
EXERCISE STOCK PURCHASE AGREEMENT

 

 

RELIANT
TECHNOLOGIES, INC.

 

FIRST
AMENDMENT TO WARRANT TO PURCHASE COMMON STOCK

 

This FIRST AMENDMENT TO WARRANT
TO PURCHASE COMMON STOCK (this “Amendment”),
is made and entered into as of the 27th day of September, 2007 (the “Amendment Date”) by and between
Reliant Technologies, Inc, a Delaware corporation (the “Company”)
and the undersigned warrant holder (the “Holder”).

 

RECITALS

 

WHEREAS, the Holder is the holder
of the warrant dated July 15, 2005 and designated as Warrant No. 49 (the “Warrant”); and

 

WHEREAS, the Company desires to
offer and the Holder wishes to accept the Company’s offer to amend the Warrant
with terms that are intended to avoid the potential adverse tax consequences
associated with the Warrant under Section 409A of the Internal Revenue Code of
1986, as amended (the “Code”);
and

 

WHEREAS, the
Company and the Holder desire to amend the Warrant as provided herein.

 

NOW, THEREFORE, in consideration
of the foregoing and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the undersigned parties hereby
agree as follows:

 

18.          Section 1,
subsection (b) is hereby amended and restated in its entirety to read as
follows:

 

“Exercise Price”
shall mean $4.41 per share, subject to adjustment pursuant to Section 8 below.”

 

19.          Section 4 is hereby
amended and restated in its entirety to read as follows:

 

“[Deleted]”

 

20.          Section 10 is hereby
amended and restated in its entirety to read as follows:

 

“EARLY TERMINATION. In
the event of that a Change in Control, any surviving corporation or acquiring
corporation may assume or continue this Warrant or may substitute a similar
Warrant for this Warrant (it being understood that a similar Warrant shall
include, but shall not be limited to, a Warrant to acquire the same
consideration paid to the stockholders or the Company, as the case may be,
pursuant to the Change in Control), and any reacquisition or repurchase rights
held by the Company in respect of Common Stock issued pursuant to the Warrant
may be assigned by the Company to the successor of the Company (or such
successor’s parent company), if any, in connection with such Change in Control.
In the event that a Change in Control is a 409A Change in Control Event (the “Exempt
Corporate Transaction”) and any surviving corporation or acquiring corporation
does not assume or continue this Warrant or

 

 

substitute a similar
Warrant for this Warrant, then the vesting of this Warrant shall accelerate in
full and this Warrant shall terminate if not exercised (if applicable) at or
prior to the consummation of such Exempt Corporate Transaction, and any
reacquisition or repurchase rights held by the Company with respect to Common Stock
issued pursuant to the Warrant shall (contingent upon the consummation of the
Exempt Corporate Transaction) lapse. In the event that a Change in Control is
not a 409A Change in Control Event (the “Non-Exempt Corporate Transaction”) and
any surviving corporation or acquiring corporation does not assume or continue
this Warrant or substitute a similar Warrant for this Warrant, then the vesting
of this Warrant shall not accelerate and this Warrant shall terminate if not
exercised (if applicable) at or prior to the consummation of such Non-Exempt
Corporate Transaction, and any reacquisition or repurchase rights held by the
Company with respect to Common Stock issued pursuant to the Warrant shall
(contingent upon the consummation of the Non-Exempt Corporate Transaction)
lapse. The Company shall provide to the Holder twenty (20) days advance written
notice of such termination of this Warrant the consummation of either an Exempt
Corporate Transaction or a Non-Exempt Corporate Transaction.”

 

21.          Except as expressly
amended by this Amendment, the terms and conditions of the Warrant remain in
full force and effect.

 

22.          This Amendment
covers all of the shares of Common Stock subject to the Warrant. Holder
acknowledges that effective as of the Amendment Date, this Amendment, together
with the Warrant, sets forth the entire understanding between Holder and the
Company regarding the Warrant.

 

23.          This Amendment may
be executed by facsimile signature and multiple counterparts, each of which
shall be considered an original and all of which shall constitute one and the
same instrument, notwithstanding that all parties are not signatures to the
same counterpart.

 

IN
WITNESS WHEREOF, the undersigned have executed this Amendment
effective as of the Amendment Date.

 

	
  RELIANT
  TECHNOLOGIES, INC.

  	
  RICHARD
  FITZPATRICK

  
	
   

  	
   

  
	
  By:

  	
   /s/ Eric Stang

  	
   

  	
  /s/ Richard
  Fitzpatrick

  
	
  Signature

  	
  Signature

  
	
   

  	
   

  
	
  Title:

  	
   President and CEO

  	
   

  	
  Date:

  	
  September 27,
  2007

  
	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
  September 11,
  2007

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