THORATEC LABORATORIES CORP
S-4/A, EX-10.3, 2000-12-29
ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS
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                                                                    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

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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.



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