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<PAGE> 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 guaranteed transaction bonus. The new amount is $300,000.
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