FIRST AMENDMENT
This is a First Amendment to the License Agreement between THE GENERAL
HOSPITAL CORPORATION, a not-for-profit corporation doing business as
Massachusetts General Hospital, having a place of business at Xxxxx Xxxxxx,
Xxxxxx, Xxxxxxxxxxxxx 00000 ("GENERAL") and Palomar Medical Technologies, a
Delaware corporation having offices at 00 Xxxxxx Xxxx Xxxxx, Xxxxxxx, XX 00000
("PALOMAR"), effective August 18, 1995 ("License Agreement").
For good and valuable consideration GENERAL and PALOMAR hereby agree to
amend the License Agreement as follows:
1. In paragraph 5.1(b)(iii)(B), delete the following words:
"(which royalty rate the parties anticipate will fall within the range
of twenty to thirty percent (20-30%) of PALOMAR's estimated profit
margin on said PRODUCTS or SERVICES)"
2. In paragraph 5.1(b)(iii)(C), delete the following words:
"which the parties anticipate will fall within the range of five to six
and one quarter percent (5-6 1/4%) of PALOMAR's estimated profit margin
on said PRODUCTS or SERVICES"
3. This First Amendment shall be effective as of August 18, 1995.
Agreed to:
PALOMAR THE GENERAL HOSPITAL CORPORATION
BY: /s/ Xxxxxxx X. Xxxxxxxx BY: /s/ Xxxxx X. Xxxxx
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TITLE: President TITLE Managing Director
Office of Technology
Affairs
DATE December 14, 1995 DATE January 2, 1996