THIRD AMENDMENT TO LEASE

THIRD AMENDMENT TO LEASE

        This Third Amendment to Lease is made and entered into as of the 30th day of July, 2007 by and between Northland Cambridge Street LLC , successor-in-interest to 80 Cambridge Street, LLC (“Landlord”) and Palomar Medical Technologies, Inc. (“Tenant”).

        WHEREAS, Landlord and Tenant are parties to that certain Commercial Lease dated June 17, 1999, as amended by First Amendment to Lease dated as of March 20, 2000 and by Second Amendment to Lease dated as of January 18, 2006 (collectively, the “Lease”), with respect to certain premises consisting of approximately 55,450 rentable square feet (the “82 Cambridge Street Premises”) in, and comprising the entire rentable area of, the building located at and known as 82 Cambridge Street, Burlington, Massachusetts;

        WHEREAS, Tenant desires to lease the entire rentable area of the building owned by Landlord and located at and known as 80 Cambridge Street, Burlington, Massachusetts (the “80 Cambridge Street Building”); and

        WHEREAS, Landlord is willing to lease the entire rentable area of the 80 Cambridge Street Building to Tenant upon the terms and conditions hereinafter set forth.

        NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant hereby agree as follows (capitalized terms used herein without definition shall have the meanings ascribed to them in the Lease):

    1.        Landlord hereby demises and leases to Tenant, and Tenant hereby accepts from Landlord, the entire rentable area of the 80 Cambridge Street Building containing approximately 13,600 rentable square feet, substantially as shown on the plan attached hereto as Exhibit A and made a part hereof (the “80 Cambridge Street Premises”) for a term commencing as of October 1, 2007 and expiring on August 31, 2009. The demise of the 80 Cambridge Street Premises shall otherwise be upon and governed by all of the terms and conditions of the Lease (as hereby amended) applicable to the demise of the 82 Cambridge Street Premises, except as follows or as otherwise provided in this Amendment:

    A.               The Base Rent payable in respect of the 80 Cambridge Street Premises shall be $136,000.00 per year (i.e., $11,333.33 per month).

    B.               Tenant shall pay to Landlord, as additional rent, Tenant’s share (i.e., 100%) of the real estate taxes levied against the 80 Cambridge Street Building and the land on which it is situated during the term of the Lease in respect of the 80 Cambridge Street Premises. For the avoidance of doubt, Tenant shall pay its share of real estate taxes without regard to Base Taxes (i.e., Base Taxes are considered to be zero for purposes hereof).

    C.               Tenant shall pay to Landlord, as additional rent, Tenant’s share (i.e., 100%) of the Operating Costs with respect to the 80 Cambridge Street Building during the term of the Lease in respect of the 80 Cambridge Street Premises. For the avoidance of doubt, Tenant shall pay its share of such Operating Costs without regard to Base Operating Costs (i.e., Base Operating Costs are considered to be zero for purposes hereof).

    D.               Landlord shall have no obligation to provide any utilities or services in connection with Tenant’s demise of the 80 Cambridge Street Premises, except that Landlord shall, at Tenant’s expense, provide snow and ice removal from the walkways and parking areas serving the 80 Cambridge Street Building and landscaping and lawn cutting. Except as provided above, Tenant shall contract and pay directly for all utilities and services for t