ContractDevelopment and License Agreement • February 21st, 2007 • Palomar Medical Technologies Inc • Electromedical & electrotherapeutic apparatus
Execution Version AMENDED AND RESTATED DEVELOPMENT AND LICENSE AGREEMENT THIS AMENDED AND RESTATED DEVELOPMENT AND LICENSE AGREEMENT (this “Agreement”) is entered into as of February 14, 2007 (the “Execution Date”), and is effective as of February 14, 2003 (the “Effective Date”), by and between The Gillette Company, a Delaware corporation (“The Gillette Company,” and collectively with its Affiliates, “Gillette”), and Palomar Medical Technologies, Inc., a Delaware corporation (“Palomar Medical Technologies, Inc.,” and collectively with its Affiliates, “Palomar”). Gillette and Palomar are sometimes referred to herein individually as a “party” and collectively as the “parties.” RECITALS WHEREAS, Palomar has developed light-based systems for, among other things, the management of human hair; WHEREAS, Gillette has specialized experience in, among other things, the development and worldwide commercialization of consumer hair management products and systems for personal use; WHEREAS, the part
ContractDevelopment and License Agreement • February 21st, 2007 • Palomar Medical Technologies Inc • Electromedical & electrotherapeutic apparatus
Amendment (the “Amendment”) to the Amended and Restated Development and License Agreement Between The Gillette Company and Palomar Medical Technologies, Inc. effective as of February 14, 2003 restated as of February 14, 2007 (the “Agreement”) Whereas, pursuant to the Agreement, the parties are engaged in a collaboration for the development and commercialization of light-based, consumer products and systems for personal use for female hair management; and Whereas, the parties desire to collaborate on an Additional Light-Based Hair Management Product as provided for under Section 1.7 of the Agreement. Now, Therefore, in consideration of the foregoing premises, the mutual promises and covenants of the parties contained herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound, do hereby agree as follows effective this 14th day of February 2007: Under Section 1.7 of the Agreement, Paloma
