[EUROTECH LOGO]
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 those 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,
EUROTECH, Ltd. agrees to purchase an additional 500,000 of EUROTECH, Ltd. common
stock from ATI at the current market price, based on the average of the ten
previous days' closing bid price.
Further, if EUROTECH, 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 prices.
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. Hohnfeldt
Don V. Hohnfeldt
President, EUROTECH, Ltd.
/s/ Don V. Hohnfeldt June 20, 2000
--------------------------------------- ----------------------------------
Agreed, Advanced Technology Industries, Inc. Agreed, EUROTECH, Ltd.
Signed, Printed, Title, Date Don V. Hohnfeldt, President, Date
/s/ illegible signature, President
[Advanced Technology Industries
Address Stamp] 1216 16th St., N.W., Washington, DC 20036
Phone (202) 466-5448 Fax: (202) 466-5591
Email: [email protected]
Web: http://www.eurotechltd.com
