Exhibit 10.3

[***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

Mohammed Mohiuddin

Jabil Circuit, Inc.

10560 Dr. ML King Jr. Street North

St. Petersburg, FL 33716

Re: Jabil’s Transfer of Manufacturing Facility of Ulthera Products

Dear Mohammed,

As you are aware, Jabil Circuit Inc. (Jabil) and Ulthera, Inc. (Ulthera) entered into a Manufacturing Services Agreement, effective December 22, 2011 (Agreement). Since December 2011, Jabil has been manufacturing Ulthera’s products identified in Schedule I of the Agreement (Products) at its Tempe, Arizona facility.

Recently you informed us that Jabil has made the decision to shut down the Tempe facility and move Manufacturing Services to Jabil’s Guadalajara, Mexico facility. Jabil’s plans to shut down its Tempe facility, to move Manufacturing Services to Jabil’s Guadalajara facility and to implement such a transfer relative to the Products are not covered or contemplated by the Agreement. Yet, as part of this process, Jabil has been working to establish specific transfer plans for the Products and has engaged us in the planning of the transfer of Manufacturing Services to the Guadalajara facility (“Transfer”).

The purpose of this letter is to summarize the key terms of the understanding Jabil and Ulthera have reached pertaining to the transfer of Manufacturing Services from Jabil’s Tempe facility to the Guadalajara facility (Letter). This Letter is intended to supplement the Agreement for the purpose of the transfer of Manufacturing Services. Once the transfer is complete, Jabil and Ulthera agree to return to operating under the terms and conditions of the Agreement except as may be expressly stated differently in this Letter. Capitalized terms used in this letter which are not defined, are given the same meaning as in the Agreement.

We have agreed to the following:

A. Pricing

B. Term & Termination

C. Build Schedule

The table below is the agreed upon Build Schedule or estimated annual units of Products for 2014 to be manufactured between Jabil’s Tempe and Guadalajara facilities.

D. Import and Export

Once Product is ready to be shipped from Jabil’s Guadalajara site, Jabil and Ulthera agree that Section 8 of the Manufacturing Agreement shall be revised so that Jabil becomes responsible for obtaining import or export licenses necessary for shipment of Product and Ulthera will cooperate and support Jabil’s efforts. Shipments of Products shall be through Jabil’s freight forwarder at Ulthera’s expense, with Ulthera reserving the right to require use of its own freight forwarder. Jabil and Ulthera agree to enter into a formal amendment to Section 8 to reflect the change in responsibilities.

E. Payment

Jabil and Ulthera agree that throughout the Transfer and continuing for all Product manufactured and shipped from the Guadalajara facility, Jabil shall invoice in US dollars and Ulthera shall pay such invoices in US dollars regardless of the Agreement’s provision for currency policy.

F. Scrap Rate

Jabil and Ulthera agree to establish a baseline for scrap based upon average of actual scrap rates in the Tempe facility for January, February and March 2014 (“Scrap Baseline”). Any scrap in excess of the Scrap Baseline will be viewed by Jabil and Ulthera as a result of the manufacturing and learning curve experienced during the Transfer and will be Jabil’s sole responsibility.

G. Transfer Expenses

We recognize despite all the advance planning both companies are making with regard to this Transfer of Manufacturing Services between Jabil’s facilities there is the opportunity for something to be overlooked or simply not work out as planned. We remain committed to working with Jabil to make this transfer as non-disruptive as possible. To that end, we appreciate your continued open communications throughout this Transfer so the companies can continue to cooperate and work through this Transfer together.

After review of this letter, please sign and return the enclosed copy to indicate your agreement with its content. If you have any questions or concerns, please contact (INSERT ULTHERA CONTACT NAME).

Attachments:

On behalf of Jabil Circuit, Inc., I have read this letter and agree that it properly represents the companies’ intentions and agreement.

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