On September 12, 2008, Palomar Medical Technologies, Inc., a Delaware corporation, and NetView 7, 8 and 10 LLC, a Delaware limited liability company, entered into a Purchase and Sale Agreement for the purchase of land and completion of a new building at 15 Network Drive, Burlington, MA 01803. Once complete, Palomar will move its headquarters from its existing facility at 82 Cambridge Street, Burlington, MA 01803 into the new building at 15 Network Drive. The purchase price of the land is ten million, six hundred and eighty thousand dollars ($10,680,000). The anticipated cost of the new building is approximately twenty-two million dollars ($22,000,000).

The description above is qualified in its entirety by reference to the Purchase and Sale Agreement, a copy of which is attached to this Current Report on Form 8-K as Exhibit 10.1 and incorporated by reference.

(d) Exhibits

   Number                                   Title

10.1         Purchase and Sale Agreement executed on September 12, 2008, between
             Palomar Medical Technologies, Inc. and NetView 7, 8 and 10 LLC.