Document:

Form of Change of Control Severance Agreement

 Exhibit 10.18 
  
 HEMOSENSE, INC. 
  
 CHANGE OF CONTROL SEVERANCE AGREEMENT 
  
 This Change of Control Severance Agreement (the “Agreement”) is made and entered into by and between
                     (the “Employee”) and HemoSense, Inc., a Delaware Corporation (the “Company”), effective as of
                    , 2002 (the “Effective Date”). 
  
 RECITALS 
  
 1. It is expected that the Company from time to time will consider the possibility of an acquisition by another company or other change of control. The
Board of Directors of the Company (the “Board”) recognizes that such consideration can be a distraction to the Employee and can cause the Employee to consider alternative employment opportunities. The Board has determined that it is in the
best interests of the Company and its stockholders to assure that the Company will have the continued dedication and objectivity of the Employee, notwithstanding the possibility, threat or occurrence of a Change of Control (as defined herein) of the
Company. 
  
 2. The Board believes that it is in the best
interests of the Company and its stockholders to provide the Employee with an incentive to continue his employment and to motivate the Employee to maximize the value of the Company upon a Change of Control for the benefit of its stockholders.

  
 3. The Board believes that it is imperative to provide the
Employee with certain severance benefits upon the Employee’s termination of employment following a Change of Control. These benefits will provide the Employee with enhanced financial security and incentive and encouragement to remain with the
Company notwithstanding the possibility of a Change of Control. 
  
 4. Certain capitalized terms used in the Agreement are defined in Section 5 below. 
  
 AGREEMENT 
  
 NOW,
THEREFORE, in consideration of the mutual covenants contained herein, the parties hereto agree as follows: 
  
 1. Term of Agreement. This Agreement shall terminate upon the date that all of the obligations of the parties hereto with respect to this Agreement
have been satisfied. 
  
 2. At-Will Employment. The Company
and the Employee acknowledge that the Employee’s employment is and shall continue to be at-will, as defined under applicable law, except as may otherwise be specifically provided under the terms of any written formal employment agreement
between the Company and the Employee (an “Employment Agreement”). If the Employee’s employment terminates for any reason, including (without limitation) any termination prior to a Change of Control, the Employee shall not be entitled
to any payments, benefits, damages, awards or compensation other than as provided by this Agreement or under his Employment Agreement. 

 3. Severance Benefits. 
  
 (a) Involuntary Termination Other than for Cause or Voluntary Termination for Good Reason Following a
Change of Control. If within twelve (12) months following a Change of Control (i) the Employee terminates his employment with the Company (or any parent or subsidiary of the Company) for “Good Reason” (as defined herein) or (ii) the
Company (or any parent or subsidiary of the Company) terminates the Employee’s employment for other than “Cause” (as defined herein), and the Employee signs and does not revoke a standard release of claims with the Company in a form
acceptable to the Company, then the Employee shall be entitled to receive a lump-sum severance payment (less applicable withholding taxes) equal to 100% of the Employee’s annual base salary (as in effect immediately prior to (A) the Change of
Control, or (B) the Employee’s termination, whichever is greater). 
  
 (b) Timing of Severance Payments. The severance payment to which Employee is entitled shall be paid by the Company to Employee in cash and in full, not later than ten (10) calendar days after the date Employee
signs the standard release of claims following the termination of Employee’s employment as provided in Section 3(a). If the Employee should die before all amounts have been paid, such unpaid amounts shall be paid in a lump-sum payment (less any
withholding taxes) to the Employee’s designated beneficiary, if living, or otherwise to the personal representative of the Employee’s estate. 
  
 (c) Voluntary Resignation; Termination for Cause. If the Employee’s employment with the Company terminates (i) voluntarily by
the Employee other than for Good Reason or Disability or (ii) for Cause by the Company, then the Employee shall not be entitled to receive severance or other benefits except for those (if any) as may then be established under the Company’s then
existing severance and benefits plans and practices or pursuant to other written agreements with the Company. 
  
 (d) Termination Apart from Change of Control. In the event the Employee’s employment is terminated for any reason, either
prior to the occurrence of a Change of Control or after the twelve (12)-month period following a Change of Control, then the Employee shall be entitled to receive severance and any other benefits only as may then be established under the
Company’s existing written severance and benefits plans and practices or pursuant to other written agreements with the Company. 
  
 (e) Exclusive Remedy. In the event of a termination of Employee’s employment within twelve (12) months following a Change of
Control, the provisions of this Section 3 are intended to be and are exclusive and in lieu of any other rights or remedies to which the Employee or the Company may otherwise be entitled, whether at law, tort or contract, in equity, or under this
Agreement. The Employee shall be entitled to no benefits, compensation or other payments or rights upon termination of employment following a Change in Control other than those benefits expressly set forth in this Section 3. 
  

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 4. Limitation on Payments. In the event that the severance and other benefits provided for in this
Agreement or otherwise payable to the Employee (i) constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”) and (ii) but for this Section 5, would be subject
to the excise tax imposed by Section 4999 of the Code, then the Employee’s severance benefits under Section 3(a) shall be either: 
  
 (a) delivered in full, or 
  
 (b) delivered as to such lesser extent which would result in no portion of such severance benefits being subject to excise tax under
Section 4999 of the Code, whichever of the foregoing amounts, taking into account the applicable federal, state and local income taxes and the excise tax imposed by Section 4999, results in the receipt by the Employee on an after-tax basis, of the
greatest amount of severance benefits, notwithstanding that all or some portion of such severance benefits may be taxable under Section 4999 of the Code. Unless the Company and the Employee otherwise agree in writing, any determination required
under this Section 4 shall be made in writing by the Company’s independent public accountants immediately prior to Change of Control (the “Accountants”), whose determination shall be conclusive and binding upon the Employee and the
Company for all purposes. For purposes of making the calculations required by this Section 4, the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations
concerning the application of Sections 280G and 4999 of the Code. The Company and the Employee shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make a determination under this
Section. The Company shall bear all costs the Accountants may reasonably incur in connection with any calculations contemplated by this Section 4. 
  
 5. Definition of Terms. The following terms referred to in this Agreement shall have the following meanings: 
  
 (a) Cause. “Cause” shall mean (i) an act of
personal dishonesty taken by the Employee in connection with his responsibilities as an employee and intended to result in substantial personal enrichment of the Employee, (ii) Employee being convicted of a felony, (iii) a willful act by the
Employee which constitutes gross misconduct and which is injurious to the Company, (iv) following delivery to the Employee of a written demand for performance from the Company which describes the basis for the Company’s reasonable belief that
the Employee has not substantially performed his duties, continued violations by the Employee of the Employee’s obligations to the Company which are demonstrably willful and deliberate on the Employee’s part. 
  
 (b) Change of Control. “Change of Control”
means the occurrence of any of the following: 
  
 (i) The consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to
represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity
outstanding immediately after such merger or consolidation; or 
  

 -3- 

 (ii) The consummation of the sale, lease or other disposition by the Company of all or
substantially all the Company’s assets. 
  
 (c) Good Reason. “Good Reason” means without the Employee’s express written consent (i) a material reduction of the Employee’s duties, title, authority or responsibilities, relative to the Employee’s duties,
title, authority or responsibilities as in effect immediately prior to such reduction, or the assignment to Employee of such reduced duties, title, authority or responsibilities; provided, however, that a reduction in duties, title,
authority or responsibilities solely by virtue of the Company being acquired and made part of a larger entity (as, for example, when the Chief Executive Officer of the Company remains the Chief Executive Officer of the subsidiary or business unit
containing the Company’s business following a Change of Control) shall not by itself constitute grounds for a “Voluntary Termination for Good Reason”; (ii) a substantial reduction of the facilities and perquisites (including office
space and location) available to the Employee immediately prior to such reduction; (iii) a reduction by the Company in the base compensation of the Employee as in effect immediately prior to such reduction; (iv) a material reduction by the Company
in the kind or level of benefits to which the Employee was entitled immediately prior to such reduction with the result that such Employee’s overall benefits package is significantly reduced; (v) the relocation of the Employee to a facility or
a location more than fifty (50) miles from such Employee’s then present location. 
  
 6. Successors. 
  
 (a) The Company’s Successors. Any successor to the Company (whether direct or indirect and whether by purchase, merger, consolidation, liquidation or otherwise) to all or substantially all of the Company’s business and/or
assets shall assume the obligations under this Agreement and agree expressly to perform the obligations under this Agreement in the same manner and to the same extent as the Company would be required to perform such obligations in the absence of a
succession. For all purposes under this Agreement, the term “Company” shall include any successor to the Company’s business and/or assets which executes and delivers the assumption agreement described in this Section 6(a) or which
becomes bound by the terms of this Agreement by operation of law. 
  
 (b) The Employee’s Successors. The terms of this Agreement and all rights of the Employee hereunder shall inure to the benefit of, and be enforceable by, the Employee’s personal or legal
representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 
  

 -4- 

 7. Notice. 
  
 (a) General. All notices and other communications required or permitted hereunder shall be in
writing, shall be effective when given, and shall in any event be deemed to be given upon receipt or, if earlier, (a) five (5) days after deposit with the U.S. Postal Service or other applicable postal service, if delivered by first class mail,
postage prepaid, (b) upon delivery, if delivered by hand, (c) one (1) business day after the business day of deposit with Federal Express or similar overnight courier, freight prepaid or (d) one (1) business day after the business day of facsimile
transmission, if delivered by facsimile transmission with copy by first class mail, postage prepaid, and shall be addressed (i) if to Employee, at his last known residential address and (ii) if to the Company, at the address of its principal
corporate offices (attention: Secretary), or in any such case at such other address as a party may designate by ten (10) days’ advance written notice to the other party pursuant to the provisions above. 
  
 (b) Notice of Termination. Any termination by the
Company for Cause or by the Employee for Good Reason or Disability or as a result of a voluntary resignation shall be communicated by a notice of termination to the other party hereto given in accordance with Section 7(a) of this Agreement. Such
notice shall indicate the specific termination provision in this Agreement relied upon, shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination under the provision so indicated, and shall specify
the termination date (which shall be not more than thirty (30) days after the giving of such notice). The failure by the Employee to include in the notice any fact or circumstance which contributes to a showing of Good Reason or Disability shall not
waive any right of the Employee hereunder or preclude the Employee from asserting such fact or circumstance in enforcing his rights hereunder. 
  
 8. Miscellaneous Provisions. 
  
 (a) No Duty to Mitigate. The Employee shall not be required to mitigate the amount of any payment contemplated by this Agreement,
nor shall any such payment be reduced by any earnings that the Employee may receive from any other source. 
  
 (b) Waiver. No provision of this Agreement shall be modified, waived or discharged unless the modification, waiver or discharge is
agreed to in writing and signed by the Employee and by an authorized officer of the Company (other than the Employee). No waiver by either party of any breach of, or of compliance with, any condition or provision of this Agreement by the other party
shall be considered a waiver of any other condition or provision or of the same condition or provision at another time. 
  
 (c) Headings. All captions and section headings used in this Agreement are for convenient reference only and do not form a part of
this Agreement. 
  
 (d) Entire Agreement.
This Agreement constitutes the entire agreement of the parties hereto and supersedes in their entirety all prior representations, understandings, undertakings or agreements (whether oral or written and whether expressed or implied) of the parties
with respect to the subject matter hereof. 
  

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 (e) Choice of Law. The validity, interpretation, construction and performance of
this Agreement shall be governed by the laws of the State of California. The Superior Court of Santa Clara County and/or the United States District Court for the Northern District of California shall have exclusive jurisdiction and venue over all
controversies in connection with this Agreement. 
  
 (f) Severability. The invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the validity or enforceability of any other provision hereof, which shall remain in full force and effect.

  
 (g) Withholding. All payments made
pursuant to this Agreement will be subject to withholding of applicable income and employment taxes. 
  
 (h) Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which
together will constitute one and the same instrument. 
  

 -6- 

 IN WITNESS WHEREOF, each of the parties has executed this Change of Control Severance Agreement, in the
case of the Company by its duly authorized officer, as of the day and year set forth below. 
  

									
			
	COMPANY	 	 	 	HEMOSENSE, INC.
					
	 	 	 	 	 	 	 By:
	 	 
					
	 	 	 	 	 	 	 Name: 
	 	 
					
	 	 	 	 	 	 	 Title:
	 	 
				
	EMPLOYEE	 	 	 	 By:
	 	 
					
	 	 	 	 	 	 	 Name: 
	 	 
					
	 	 	 	 	 	 	 Title:
	 	 

  

 -7-Consulting Agreement dated May 6, 2003

 Exhibit 10.19 
  
 HEMOSENSE 
  
 CONSULTING AGREEMENT 
  
 DATE: MAY 6, 2003 
  
 Edward Brennan 
  
 1216 Arguello Blvd. 
  
 San Francisco, CA 94122-2707 
  
 Dear: Ed 
  

	 	1.	HemoSense, Inc. (The “Company”) wishes to obtain your services as a consultant on projects agreed by you and the Company in writing. The initial project on which you are
to work is described on Exhibit A attached hereto. This letter shall constitute an agreement (the “Agreement”) between you and the Company, its subsidiaries, its successors and its assigns, and contains all the terms and conditions
relating to the services you are to provide. 

  

	 	2.	Either you or the Company may terminate this Agreement at any time by at least thirty (30) days prior written notice. 

  

	 	3.	As consideration for your services and other obligations you will be paid as set forth on Exhibit A attached hereto for work on the initial project. Fees for future projects will be
set forth in the agreements concerning such projects. 

  

	 	4.	As additional consideration for your services hereunder, the Company will provide you with such support facilities and space as may be required in the Company’s judgment to
enable you to properly perform your services hereunder. 

  

	 	5.	You shall be reimbursed for reasonable travel and other out-of-pocket expenses incurred by you in connection with your services under this Agreement, provided that you provide
receipts and obtain prior approval of the CEO or Consulting Chief Financial Officer of the Company for any significant expenses. 

  

	 	6.	Your relationship with the Company shall be that of an independent contractor and not that of an employee. You will not be eligible for any employee benefits, nor will the Company
make deductions from payments made to you for taxes, which shall be your responsibility. You shall have no authority to enter into contracts, which bind the Company or create obligations on the part of the Company without the express prior
authorization of the Company. 

  

	 	7.	All services to be performed by you will be as agreed between you and the Board/CEO of the Company, or such other person as the Board/CEO may designate. You shall be required to
report to the Company, concerning your services performed under this Agreement. The nature and frequency of these reports will be left to the discretion of the Board/CEO or such other person. 

  

	 	8.	 You shall keep in confidence and shall not disclose or make available to third parties or make any use of any information or documents relating to your services
under this Agreement or to the products, methods of manufacture, trade secrets, processes, business or affairs of confidential or proprietary information of the Company except with the prior written consent of the Company or to the extent necessary
in performing tasks assigned to you by the Company. This Agreement imposes no obligation upon you with respect to Information that: (a) was in your possession before receipt from HemoSense; or (b) is or becomes available to the public through no
fault of yours; or (c) is received in good faith by you from a third party and is not subject to an obligation of confidentiality owed to the third party; or (d) is independently developed by you without reference to Information received hereunder,
as evidenced by your written records. Upon termination of this Agreement you 

  

					
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	 	Page 1	 	 5/6/2003

	 	 
will return to the Company all documents, and other materials related to the services provided hereunder or furnished to you by the Company. Your obligations
under this Paragraph 8 shall survive termination of this Agreement. 

  

	 	9.	You shall promptly disclose and hereby transfer and assign to the Company all right, title and interest to all techniques, methods, processes, formulas, improvements, inventions and
discoveries made or conceived or reduced to practice by you, solely or jointly with others, in the course of providing services hereunder or with the use of materials or facilities of the Company during the period of this Agreement or which relate
to the Company’s business or its actual or demonstrably anticipated research or development (except as otherwise provided below). When requested by the Company you will make available to the Company all notes, drawings, data and other
information relating to the above. You will promptly sign any documents (including U.S. and foreign patent assignments) requested by the Company related to the above assignment of rights and inventions and will cooperate with the Company at the
Company’s request and expense in preparation and prosecution of any US or foreign patent applications related to such rights and inventions. Your obligations under this Paragraph 9 shall survive termination of this Agreement. This Agreement
does not apply to inventions fully covered by the provisions of Exhibit B, attached hereto, (If any). 

  

	 	10.	The Company understands that you do not presently perform, or intend to perform, during the term of this Agreement, consulting or other services for companies whose businesses or
proposed businesses in any way involve the design or use of products that would be competitive with the products or proposed products of the Company (except for the companies, if any, listed on Exhibit C attached hereto). If, however, you decide to
do so, you agree to notify the Company in writing in advance (specifying the organization with which you propose to consult) and provide information sufficient to allow the Company to determine if such consulting would conflict with areas of
interest to the Company or further services which the Company might request of you pursuant to this Agreement. 

  

	 	11.	Any amendment to this Agreement must be in writing signed by you and the Company. 

  

	 	12.	All notices, requests and other communications called for by this Agreement shall be deemed to have been given if made in writing and mailed, postage prepaid, if to you at the
address set forth above and if to the Company at 600 Valley Way, Milpitas, CA 95035 or to such other addresses as either party shall specify to the other. 

  

	 	13.	The validity, performance and construction of this Agreement shall be governed by the laws of the State of California. 

  

	 	14.	This Agreement supersedes any prior consulting or other agreements between you and the Company. 

  
 If this Agreement is satisfactory, you should execute and return the original and one copy to us, retaining the third copy
for your file. 
  

							
	 Very truly yours,
	 	 	 	 
	 HemoSense, Inc.
	 	 	 	 AGREED AND ACCEPTED:

				
	By:	 	/s/    JAMES MERSELIS        	 	 	 	/s/    EDWARD F. BRENNAN        
	Title:	 	President & CEO	 	 	 	Signature
				
	 	 	 	 	 	 	Edward F. Brennan
	 	 	 	 	 	 	Print Name

  

					
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 EXHIBIT A 
  
 DESCRIPTION OF INITIAL CONSULTING PROJECT
AND COMPENSATION 
  
 Provide strategic counsel and
guidance to the CEO on all matters related to HemoSense, Inc. business. 
  
 Provide assistance specific to optimizing the Government/CMS reimbursement for HemoSense product, the INRatio system. 
  
 The compensation will be $3750.00, paid monthly. It assumes an average of one day per week spent on HemoSense business. 
  

					
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 EXHIBIT B 
  
 INVENTIONS MADE PRIOR TO THIS
AGREEMENT AND 
 EXCLUDED FROM PARAGRAPH 9 (IF
NONE, SO STATE): 
  
 Patent #6,076,013 and related art. 
  

					
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 EXHIBIT C 
  
 LIST OF COMPANIES COMPETITIVE TO
HEMOSENSE, INC 
 FOR WHICH CONSULTING
SERVICES ARE PRESENTLY BEING PERFORMED 
 (IF
NONE, SO STATE): 
  
 None 
  

					
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 EXHIBIT D 
  
 (a) Any provision in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights in
an invention to his or her employer shall not apply to an invention that the employee developed entirely on his or her own time without using the employer’s equipment, supplies, facilities, or trade secret information except for those
inventions that either: 
  

	 	(1)	Relate at the time of conception or reduction to practice of the invention to the employer’s business, or actual or demonstrably anticipated research or development of the
employer. 

  

	 	(2)	Result from any work performed by the employee for the employer. 

  
 (b) To the extent a provision in an employment agreement purports to require an employee to assign an invention otherwise excluded from being required to be assigned
under subdivision (a), the provision is against the public policy of this state and is unenforceable. 
  

					
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