Amendment to March 2, 2000 Letter Agreement between Eurotech, Ltd. and Woodward LLC

Contract Categories: Business Finance › Modification Agreements
Summary

Eurotech, Ltd. and Woodward LLC have agreed to amend their March 2, 2000 letter agreement. The amendment specifies that there will be four reset periods, each lasting one calendar month (20 trading days), starting September 5, 2000. Each period will cover 25% of the principal amount of the drawdown, or 300,000 shares per period. All other terms of the original agreement remain unchanged.

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EX-10.20.11 2 0002.txt AMENDMENT TO LETTER 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