Exhibit 4.1

                 [LETTERHEAD OF EQUILINK CAPITAL PARTNERS LLC]

                                 March 22, 2001


Global Technologies Ltd.
Attn.:  Irwin Gross, Chairman and CEO
1811 Chestnut Street - Suite 120
Philadelphia, PA 19103

     RE: FINANCIAL CONSULTING

Dear Irwin:

     This will confirm the  understanding and agreement between Equilink Capital
Partners, LLC ("Equilink") and Global Technologies, Ltd ("Company" or "GTLL") as
follows:

     1. Effective  March 22, 2001, and for a period of two (2) years  therefrom,
the Company has engaged Equilink to provide financial consulting services to the
Company,  including,  without  limitation,  general  advice with  respect to the
Company's  financing,  investor  relations,  acquisitions by the Company,  joint
ventures or other  corporate  transactions  or  activities  which the Company is
currently contemplating entering into or which it may consider at a future date.

     2. The Company  understands that Equilink is not in any securities  related
business as defined by federal and state securities laws, and does not, and will
not,  provide  any  services  hereunder   constituting   securities   brokerage,
market-making,  placement agency or underwriting. Equilink will, if requested by
the Company, advise the Company, and take action for the benefit of the Company,
generally  with respect to financing,  market  conditions and investor and stock
matters as well as the transactions and activities described above.

     3. The Company shall make available to Equilink all information  concerning
the business, assets, operations,  investors,  financial condition and prospects
of the  Company  which  Equilink  reasonably  requests  in  connection  with the
performance of its obligations hereunder. All such information provided by or on
behalf of the Company  shall be complete and accurate  and not  misleading,  and
Equilink  shall be entitled to rely upon the  accuracy and  completeness  of all
such information without independent verification. The Company shall continue to
advise Equilink  regarding any material  developments or matters relating to the
Company which occur during the term of Equilink's engagement hereunder.

     4. As compensation  for the services  rendered by Equilink  hereunder,  the
Company shall:

     (a)  within  ten  (10)  business  days  from  the  effective  date  of this
Agreement,  issue to both  Robert  Depalo and Old Oak Fund,  Inc.  five  hundred
thousand  (500,000)  fully-paid,  non-assessable  shares of the Company's common
stock (the "Shares")(1); for a total of 1,000,000 shares.

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(1) The  Company  shall use its best and good faith  efforts to have such Shares
registered  as soon as  practicable  subject  to their  being no  breach of this
Agreement by Equilink.
<PAGE>
Global Technologies, LTD.
April 9, 2001
Page 2


     5. The Company shall:

     (a)  indemnify  Equilink  and hold it harmless  against any and all losses,
claims,  damages or liabilities to which Equilink may become subject  arising in
any manner out of or in  connection  with the  rendering of services by Equilink
hereunder,  unless it is finally judicially determined that such losses, claims,
damages or liabilities  resulted  directly from the gross  negligence or willful
misconduct of, or breach of paragraph 7 hereof by Equilink;

     (b) reimburse Equilink immediately for any reasonable,  documented legal or
other expenses reasonably  incurred in connection with investigating,  preparing
to defend or defending,  or providing evidence in or  investigations,  claims or
other  proceedings  arising  in any  manner  out of or in  connection  with  the
rendering of services by Equilink hereunder (including,  without limitation,  in
connection  with  the  enforcement  of this  Agreement  and the  indemnification
obligations  set forth  herein)  with  respect to which  Equilink is entitled to
indemnification  under  Paragraph  5(c) provided,  however,  that in the event a
final judicial  determination  is made to the effect  specified in  subparagraph
5(a) above, Equilink will remit to the Company any amounts reimbursed under this
subparagraph  5(b).  This  subparagraph  5(b)  shall  not  apply to any  claims,
liability or  proceedings  which  originate  primarily from acts or omissions by
Equilink; and

     (c)  indemnify and hold harmless  Equilink for any final,  adjudicated  and
non-appealable  losses,  claims,  damages,  expenses  or  liabilities  to  which
Equilink  may  become  subject  in  connection  with any  untrue  or  misleading
statements or representations  made by or information provided by the Company to
Equilink.

     The Company agrees that the indemnification  and reimbursement  commitments
set forth in this  paragraph  5 and the  contribution  obligations  set forth in
paragraph 6 shall apply  whether or not  Equilink is a formal  party to any such
lawsuits,  claims or other  proceedings,  that  Equilink  is  entitled to retain
separate counsel of its choice(2) in connection with any of the matters to which
such commitments  relate and that such  commitments  shall extend upon the terms
set forth in this  paragraph to any  controlling  person,  affiliate,  director,
officer,  employee or agent of Equilink  (each,  with Equilink,  an "Indemnified
Person"). The Company further agrees that, unless a final judicial determination
is made to the effect specified in subparagraph 5(a) above or the final sentence
of paragraph 5(b) hereof is applicable or Equilink breaches  paragraph 7 hereof,
any  settlement  of a lawsuit,  claim or other  proceeding  against  the Company
arising out of the transactions  contemplated by this Agreement which is entered
into by the Company shall include an explicit and unconditional release from the
party  bringing  such  lawsuit,  claim or other  proceeding  of all  Indemnified
Persons, which release shall be reasonably satisfactory to Equilink.

     6.  The  Company  and  Equilink  agree  that  if  any   indemnification  or
reimbursement  sought  pursuant  to  the  preceding  paragraph  5 is  judicially
determined  to be  unavailable  for a reason other than the gross  negligence or
willful  misconduct of Equilink,  then the Company and Equilink shall contribute
to the  losses,  claims,  damages,  liabilities  and  expenses  for  which  such
indemnification  or  reimbursement  is held unavailable in such proportion as is
appropriate to reflect the relative benefits to the Company on the one hand, and
Equilink on the other hand, in connection  with the  transactions  to which such
indemnification or reimbursement relates, and the relative faults of the Company
on the one hand, and Equilink on the other hand, as well as any other  equitable

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(2) Only if, and to the extent that,  there is a conflict of interest with GTLL;
in all other  instances,  Equilink  shall be  represented  by GTLL's counsel who
shall have an equal duty of representation to Equilink.
<PAGE>
Global Technologies, LTD.
April 9, 2001
Page 3


considerations;  provided,  however,  that in no event  shall  the  amount to be
contributed  by Equilink  pursuant to this  paragraph 6 exceed the amount of the
fees and the fair market value of any  securities  at the time of their  receipt
actually  received  by  Equilink or the actual  proceeds  therefrom  received by
Equilink, whichever is greater.

     7. Except as  contemplated by the terms hereof or as required by applicable
law or pursuant to an order  entered or subpoena  issued by a court of competent
jurisdiction,  Equilink shall keep confidential material non-public  information
provided to it by the Company,  and shall not disclose such  information  to any
third  party,  other  than  such  of its  employees  and  advisors  as  Equilink
determines   to  have  a  need  to  know  and  have  agreed  to   maintain   the
confidentiality  thereof.  Upon Equilink's failure to comply with this paragraph
after  proper  request  by the  Company,  the  Company  shall  have the right of
injunctive relief to enforce this paragraph.

     8.  Except as  required  by  applicable  law,  any advice to be provided by
Equilink under this Agreement shall not be disclosed  publicly or made available
to third parties without prior approval of Equilink, and accordingly such advice
shall not be relied upon by any person or entity other than the Company.

     9. The provisions of paragraphs 4 through 8 and paragraphs 10 through 13 of
this Agreement shall survive any termination or expiration of this Agreement.

     10. The Company and Equilink  each  represent to the other that there is no
other person or entity that is entitled to a fee or any type of  compensation in
connection with execution and delivery of this Agreement.

     11. Nothing in this Agreement,  expressed or implied, is intended to confer
or does confer on any person or entity  other than the  parties  hereto or their
respective successors and assigns, and to the extent expressly set forth herein,
the  Indemnified  Persons,  any  rights or  remedies  under or by reason of this
Agreement or as a result of the  services to be rendered by Equilink  hereunder.
The Company  further  agrees that neither  Equilink  nor any of its  controlling
persons,  affiliates,  directors,  officers,  employees or agents shall have any
liability  to the  Company  for any  losses,  claims,  damages,  liabilities  or
expenses  arising  out of or relating to this  Agreement  or the  services to be
rendered by Equilink hereunder,  unless it is finally judicially determined that
such losses, claims, damages, liabilities or expenses resulted directly from the
gross negligence or willful misconduct of Equilink.

     12. The invalidity or  unenforceability  of any provision of this Agreement
shall not affect the validity or  enforceability of any other provisions of this
Agreement, which shall remain in full force and effect.

     13. This Agreement may not be amended or modified  except in writing signed
by each of the parties and shall be governed by and  construed  and  enforced in
accordance  with the laws of the State of New York.  The  Company  and  Equilink
hereby  irrevocably  and  unconditionally  consent  to submit  to the  exclusive
jurisdiction  of the  courts of the State of New York and of the  United  States
District  Courts  located  in the City of New York for any  lawsuits,  claims or
other proceedings  arising out of or relating to this Agreement and agree not to
commence any such lawsuit,  claim or other proceeding except in such courts. The
Company and Equilink hereby irrevocably and unconditionally  waive any objection
to the laying of venue of any lawsuit, claim, or other proceeding arising out of
or  relating  to this  Agreement  in the  courts of the State of New York or the
United State District Courts located in the City of New York, and hereby further
<PAGE>
Global Technologies, LTD.
April 9, 2001
Page 4


irrevocably  and  unconditionally  waive  and agree not to plead or claim in any
such court that any such lawsuit,  claim or other proceeding brought in any such
Court has been brought in an inconvenient forum. Any right to trial by jury with
respect to any lawsuit,  claim or other proceeding arising out of or relating to
this Agreement or the services to be rendered by Equilink hereunder is expressly
and irrevocably waived.

     14. This  Agreement  constitutes  the entire  agreement  and  understanding
between the  parties  hereto and  supersedes  any and all prior  agreements  and
understandings, written or oral, relating to the subject matter hereof.

     If the  foregoing  correctly  sets forth the  understanding  and  agreement
between  Equilink and the Company,  please so indicate in the space provided for
that purpose below,  whereupon this letter shall constitute a binding  agreement
as of the date first above written.


                                        EQUILINK CAPITAL PARTNERS, LLC


                                        By: /s/ Robert DePalo
                                            ---------------------------------
                                            Robert DePalo, Chairman and CEO

Acknowledged and agreed to:

GLOBAL TECHNOLOGIES, LTD.


By: /s/ Irwin Gross
    ---------------------------------
    Irwin Gross