JOINT DEVELOPMENT & LICENSE AGREEMENT BY AND BETWEEN PALOMAR MEDICAL TECHNOLOGIES, INC. AND JOHNSON & JOHNSON CONSUMER COMPANIES, INC.Development and License Agreement • September 7th, 2004 • Palomar Medical Technologies Inc • Electromedical & electrotherapeutic apparatus • New York
THIS AGREEMENT is made effective the 1st day of September 2004 (“Effective Date”) by and between Palomar Medical Technologies, Inc., a Delaware corporation having a place of business at 82 Cambridge Street, Burlington, MA 01803, and its Affiliates (hereinafter referred to as “Palomar Medical Technologies, Inc.,” and collectively with its Affiliates, “Palomar”), and Johnson & Johnson Consumer Companies, Inc., a corporation of New Jersey, having a place of business at 199 Grandview Road, Skillman, NJ 08558 (hereinafter referred to as “JJC”). Palomar and JJC are sometimes referred to herein individually as a “Party” and collectively as the “Parties”. As of the Effective Date, Neutrogena Corporation, a California corporation having a place of business at 5760 West 96th Street, Los Angeles, CA 90045, which is an Affiliate of JJC, shall be treated as a Permitted Sublicensee hereunder as provided in ARTICLE V.A.3.
