Eurotech Ltd – ‘10-K/A’ for 12/31/99 – EX-10.14.10

On:  Wednesday, 12/13/00, at 4:54pm ET   ·   For:  12/31/99   ·   Accession #:  1019687-0-1743   ·   File #:  1-16085

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Amendment to Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K/A      Amendment No. 1                                       78    383K 
 3: EX-10.14.10  Letter to Encore Capital Management, L.L.C.           2±     8K 
 2: EX-10.5     Acquisition of the 49% Rights                          1      7K 
 4: EX-27       Financial Data Schedule                                1      8K 

EX-10.14.10   —   Letter to Encore Capital Management, L.L.C.

                                                       [EUROTECH LTD. LOGO HERE]

                                                   February 25, 2000

Mr. Neil T. Chau, Managing Member                               
Encore Capital Management L.L.C.                                
12007 Sunrise Valley Drive, Suite 460                           
Reston, Virginia 20191                                          

Dear Mr. Chau:                                                  

    Thank you for your willingness to reconsider new terms for surviving
        agreements between Encore and Eurotech. Following are terms agreeable to
    EUROTECH, Ltd. that have been verbally concurred with by Encore, and
formally proposed as amendments to existing Agreements:         

               That Encore may convert the Convertible Debentures of
                      Agreement of July 1998 with an existing ceiling of
  $1,06. As of March 1, 2000 /S/

                  That Encore will institute a floor price of $2.00 on all
           other remaining Convertible Debentures.

                   That other terms and conditions of convertible debentures
             and warrants remain as agreed in previous
agreements.                 

                   That Encore accept from Eurotech 300,000 shares of common
                       stock as payment for all outstanding penalties with
                  interest. To be issued as of March 1, 2000 /S/

                That Eurotech has paid the $400,000 loan and interest.

              That Eurotech brought interest payments on remaining
               agreements current as of December 31, 1999.

                 That Eurotech will issue 250,000 three-year warrants to
                      Encore with strike price of $3.00. To be issued as
of March 1, 2000 /S/        

  Your cooperation through this period of financial restructuring is
 greatly appreciated as it continues to be vital to EUROTECH, Ltd.
 success in delivering EKOR and other very promising technologies.

Sincerely,                                                      

/s/ Don V. Hahnfeldt                                            
--------------------                                            
Don V. Hahnfeldt                                                
President, EUROTECH, Ltd.                                       

Agreed and accepted by:                                         

/S/ Neil T. Chau                                                
Neil T. Chau, Encore Capital Management, L.L.C./ date           

                                        1216 16th St. N.W., Washington, DC 20036
                                        Phone (202) 466-5448 Fax: (202) 466-5591

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K/A’ Filing		Date		Other Filings
Filed on:		12/13/00		S-3/A
		3/1/00
		2/25/00
For Period End:		12/31/99		10-K,  NT 10-K
				List all Filings