Promissory Note Between Charles Liamos and TheraSense, Inc. for $17,500 Secured by Common Stock

Summary

Charles Liamos promises to repay TheraSense, Inc. $17,500 with no interest, due by April 6, 2002, or upon his termination from the company, whichever comes first. The loan is secured by a pledge of 125,000 shares of TheraSense common stock. If legal action is needed to collect the debt, reasonable attorney fees may be added. The company can seek repayment directly from Liamos without first using the pledged shares as collateral.

EX-10.19 24 dex1019.txt PROMISSORY NOTE FOR PRINCIPAL AMOUNT OF $17,500.00 EXHIBIT 10.19 EXHIBIT B --------- PROMISSORY NOTE $17,500 July 30, 1998 For value received, the undersigned promises to pay to TheraSense, Inc., a California corporation (the "Company"), or order, at its principal office the principal sum of $17,500 without interest. Said principal shall be due on the earlier of April 6, 2002, or (ii) the undersigned's termination of employment with or services to the Company. Should suit be commenced to collect this Note or any portion thereof, such sum as the Court may deem reasonable shall be added hereto as attorneys' fees. The maker waives presentment for payment, protest, notice of protest, and notice of non-payment of this Note. This Note is secured by a pledge of 125,000 shares of Common Stock of the Company, pursuant to the provisions of the Repurchase Agreement between the Company and the undersigned executed contemporaneously with this Note. The holder of this Note shall have full recourse against the maker, and shall not be required to proceed against the Shares or other collateral securing this Note in the event of default. /s/ Charles Liamos --------------------------- Charles Liamos 8