EUROTECH, LTD.
1216 16th Street, N.W.
Washington, D.C. 20036
September 28, 2000
Woodward LLC
Corporate Center
West Bay Road
Grand Cayman, Cayman Islands
Re: Amendment to March 2, 2000 Letter between the Parties
Gentlemen:
Eurotech, LTD and Woodward hereby agree to amend the letter agreement
dated March 2, 2000 between the parties ("Letter") solely with respect to number
of reset periods as follows:
There shall be four reset periods, each of one calendar month duration (20
trading days) starting September 5, 2000. Each resct period covers 25% of the
principal amount of the draw down (i.e. 300,000 shares per reset period).
All other terms of the Letter shall remain in full force and effect.
If the above comports with your understanding, would you please be kind
enough to sign below and return via telecopier.
Very truly yours,
EUROTECH, Ltd.
By: /s/ Don V. Hahnfeldt
-------------------------------
AGREED & ACCEPTED:
WOODWARD LLC
By: /s/ signature
---------------------------
Navigator Management Ltd.
Director
