Cancellation of Investment Banking Consulting Agreement between Eurotech, Ltd. and Adolph Komorsky Investments (March 30, 2001)

Summary

Eurotech, Ltd. and Adolph Komorsky Investments have mutually agreed to cancel their Investment Banking Consulting Agreement, originally effective January 4, 2001, including its amendment dated January 18, 2001. The cancellation is due to unfavorable market conditions and is intended to avoid placing a burden on Eurotech. Both parties express hope to potentially work together in the future, but the agreement and its amendment are now terminated as of March 30, 2001.

EX-10.22.2 4 ex_10-222.txt EX-10.22.2 - Cancellation of Investment Banking Consulting Agreement dated March 30, 2001 between Eurotech, Ltd. and Adolph Komorsky Investments Real advice for real people ADOLPH KOMORSKY INVESTMENTS MEMBER NASD - SIPC 660 White Plains Road, Suite 430 o Tarrytown, NY 10591 Phone: (914) 729-0700 o ###-###-#### o Fax: (914) 729-0740 www.AKinvestments.com March 30, 2001 Don V. Hahnfeldt, CEO Eurotech, Ltd. 10306 Eaton Place, Suite 220 Fairfax, VA 22033 Dear Don: Current market conditions being what they are, corporate finance activity has been grinding to a halt all over Wall Street. For this reason, and having no wish to place undue burden on Eurotech, we feel it necessary to cancel the investment Banking Consulting Agreement which has existed between our two firms since January 4, 2001. This would also apply, of course, to the amendment to said Agreement dated January 18, 2001. We will continue to monitor the situation, and hopefully we will be able to revisit the idea of working together in the future. We believe Eurotech to be on an exciting path, and wish you all the best for success in the future. Best regards, /s/ Marc E. Komorsky - ----------------------------------- Marc E. Komorsky Director