1 EXHIBIT 10.3 [THERMO ELECTRON LOGO] MEMORANDUM To: Mike Kleine From: Anne Pol Date: 12/21/00 Re: Revision to 7/18/00 Addendum to the Transaction Agreement dated 2/18/00 This is an update to my memo dated 7/18/00 to reflect the change in your minimum...

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                                                                    EXHIBIT 10.3

[THERMO ELECTRON LOGO]

                                                                      MEMORANDUM

To:   Xxxx Xxxxxx

From: Xxxx Pol

Date: 12/21/00

Re:   Revision to 7/18/00 Addendum to the Transaction Agreement dated 2/18/00

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This is an update to my memo dated 7/18/00 to reflect the change in your
minimum guaranteed transaction bonus. The new amount is $300,000.