E U R O T E C H
---------------
June 20, 2000
Mr. Roy Jeppson
Attorney for Advanced Technology Industries, Inc.
Via Fax: 805-604-1600
Dear Mr. Jeppson:
It is Understood that Advanced Technology Industries, Inc- (ATI) desires to
register or sell its 2 million shares of EUROTECH, Ltd, common stock. EUROTECH
Ltd, desires to register or purchase these shares and proposes the following
agreement to ATI:
EUROTECH, LTD. AGREES TO:
Purchase 500,000 shares of EUROTECH, Ltd. common stock- from ATI for
$1.35 million by June 22, 2000;
Register of remaining 1.5 million shares of EUROTECH, Ltd. common stock
held by ATI on or before August 20, 2000.
Additionally. if EUROTECH, Ltd. fails to meet the above filing date,
EUR OTECH, Ltd. agrees to purchase an additional 500,000 of EUR OTECH, Ltd.
common stock from ATI at the current market price, based on the average of the
ten previous days' closing bid price.
Further, if E UROTECH, Ltd, fails to file registration by September 20,
2000, EUROTECH, Ltd. agrees to purchase an additional 1,000,000 shares of
EUROTECH, Ltd. common stock from ATI at the current market price, based on the
average of the ten previous days' closing bid price.
Note: Registration filings will be made by EUROTECH, Ltd, at no cost to
ATI
ADVANCED TECHNOLOGY INDUSTRIES, INC, AGREES TO:
Pay EUROTECH, Ltd- the balance $350,000 owed on the tetrapak can technology (to
be deducted from the initial $1.35 million payment of EUROTECH, Ltd.)
Sincerely,
/s/ Don V. Hahnfeldt
Don V. Hahnfeldt President, EUROTECH. Ltd.
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Agreed, Advanced Technology Industries, Inc. Agreed, EUROTECH, Ltd.
Signed, Printed, Title Date June 20, 2000 Don V. Hahnfeldt, President Date
1216 16th Sr., N.W., Washington DC 20036
Phone: (202) 466-5448 Fax (202) 466-5591
Email: [email protected]
Web: http://www.eurotechltd.com
Advanced Technology Industries Inc.
Taubenstrasse 20
10177 Berlin / Germany
Tel: +49 30 / 201 77 80
Fax: +49 30 / 201 77 899
