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Exhibit 10.27.4

                                 EUROTECH, LTD.

                              CONSULTING AGREEMENT

This Consulting Agreement (the "Agreement"), dated this 28th day of February,
2002, by and between Eurotech, Ltd., a District of Columbia corporation (the
"Company") and Verdi Consultants, Inc., a Rhode Island corporation (the
"Consultant").

         WHEREAS, the Company desires that the Consultant perform certain
consulting services as specified herein; and

         WHEREAS, the Consultant wishes to accept to perform such services.

         NOW, THEREFORE, in consideration of the premises and the mutual
covenants, terms and conditions as hereinafter set forth, the Company and the
Consultant, intending to be legally bound, hereto agree as follows:

1.       APPOINTMENT. The Company hereby engages the Consultant to provide the
         Company with consulting services with regard to the business of the
         Company on an "as needed" basis. The Consultant hereby accepts the
         appointment as consultant on the terms and conditions hereinafter set
         forth. In fulfilling its obligations to the Company hereunder, the
         Consultant shall exclusively provide the Company with the services of
         Mr. Chad A. Verdi ("Verdi"). The Consultant, and in particular Verdi,
         shall follow and abide by all policies, rules and regulations
         established by the Board of Directors of the Company from time to time
         and shall report to the Chief Executive Officer of the Company.

2.       TERM. The initial term of this Agreement shall commence on February 1,
         2002 (the "Commencement Date") and shall terminate on the earlier of
         January 31, 2005 at 11:59 p.m. New York City time or the death or
         disability of the Consultant, unless earlier terminated ("Term").

3.       COMPENSATION.

         (a)      FEE. For all services provided by the Consultant under this
                  Agreement, the Company shall pay the Consultant US$15,000 per
                  month for the duration of the Term (the "Consulting Fee"). The
                  Consulting Fee shall be payable by the Company to the
                  Consultant in semi-monthly installments on the first and
                  fifteenth day of each month.

         (b)      OPTIONS. Contemporaneously with the execution of this
                  Agreement, or as soon thereafter as practicable, the Company
                  shall issue to the Consultant a non-qualified stock option
                  grant to purchase One Million (1,000,000) shares of the common
                  stock of the Company, par value $.00025 per share (the "Common
                  Stock"), pursuant to the terms and conditions of a stock

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                  option agreement dated contemporaneously herewith, which, when
                  signed by the parties hereto, shall be incorporated herein by
                  reference (the "Grant").

         (c)      Automobile Allowance. In addition to the foregoing and any
                  other amounts due to the Consultant hereunder, the Company
                  shall pay to the Consultant, or to such other party as the
                  Consultant may direct in writing, $750 per month for the
                  duration of this Agreement as an automobile allowance.

4.       ADDITIONAL CONDITIONS SUBSEQUENT OF ENGAGEMENT. As conditions
         subsequent to the Consultant's engagement hereunder, the following
         events shall occur. Notwithstanding the provisions of Section 7(e), if
         any of the following conditions subsequent do not occur within thirty
         days after the date required, the Consultant may terminate this
         Agreement and, in such case, shall receive the entire Severance Payment
         pursuant to the terms of Section 7(c).

         (a)      Nomination as Vice Chairman. The Company shall nominate Chad
                  Verdi to serve as the Vice Chairman of the Board of Directors
                  following the Consultant's resignation as Chairman, effective
                  as of February 1, 2002 or as soon thereafter as practical.

         (b)      Initial Nomination for Board of Directors. The Company shall
                  nominate and endorse Chad Verdi for membership on the
                  Company's Board of Directors at the annual meeting of the
                  Shareholders of the Company to be held in March 2002, or any
                  duly authorized postponement thereof. The Company shall take
                  all reasonable efforts to effectuate the elections of Chad
                  Verdi to the Board of Directors during the Term.

         (c)      Directors and Officers Insurance. At all times during the Term
                  and any extensions thereto, the Company shall maintain
                  directors and officers liability insurance ("D&O Insurance")
                  for the benefit of the Consultant and other Directors and
                  Officers of the Company in an aggregate amount not less than
                  Ten Million dollars ($10,000,000) or such other amount agreed
                  upon by the Consultant. The Company shall immediately notify
                  the Consultant of any lapse in the D&O Insurance.

         (d)      Material Breach. This Agreement shall not be breached
                  materially by the Company.

         (e)      Rhode Island Office. The Company shall maintain its current
                  office in Providence, Rhode Island, or an office in such other
                  location as reasonably determined necessary by the Consultant,
                  at which the Consultant may provide services hereunder, in
                  addition to the other offices of the Company.

         (f)      Legal Fees of the Consultant. In addition to any expenses
                  incurred by the Consultant in accordance with Section 5 hereof
                  and in addition to any other indemnification to which the

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                  Consultant might otherwise be entitled, the Company shall pay
                  for personal legal services of the Consultant up to an
                  aggregate of $5,000 related to the review by Consultant's
                  counsel of the terms and conditions of this Agreement and all
                  matters related thereto. The payment shall be made to the
                  Consultant (or its counsel) upon execution of this Agreement.

5.       EXPENSES. In addition to the Consulting Fee, the Consultant shall be
         reimbursed for any reasonable business expenses incurred by the
         Consultant in connection with the services provided pursuant to this
         Agreement. The Company shall reimburse the Consultant for all such
         approved expenses within thirty (30) days of the presentation by the
         Consultant of an itemized account of such expenditures.

6.       BEST EFFORTS OF THE CONSULTANT. The Consultant shall ensure that Verdi
         devotes such time as the Consultant may deem reasonably necessary to
         fulfill the duties and responsibilities herein. The Company and the
         Consultant acknowledge that the Consultant and Verdi are engaged in
         other business and consulting endeavors and, as a result, the time
         commitment of the Consultant and Verdi is limited and requires
         flexibility. The Consultant, and in particular Verdi, shall not engage
         in any activities that involve a conflict of interest with the business
         of the Company during the Term and any extensions thereto. The
         Consultant shall ensure that Verdi, at all times, faithfully with
         diligence and to the best of its ability, experience and talents,
         perform all duties required of and from it pursuant to the terms
         hereof, to the reasonable satisfaction of the Company and its Board of
         Directors.

7.       TERMINATION.

         (a)      By action of its Board of Directors, the Company may terminate
                  this Agreement for cause at any time upon delivery by hand,
                  overnight courier or certified, return-receipt U.S. Mail of
                  sixty (60) days written notice to the Consultant of the
                  termination and the reasons therefor. Such notice having been
                  given, this Agreement shall terminate in accordance herewith.
                  For the purpose of this Section 10, "cause" shall be defined
                  as (i) the Consultant's continued failure to perform its
                  duties and responsibilities in good faith to the best of its
                  abilities after thirty (30) days prior written notice of
                  non-performance from the Company; (ii) conviction of a felony
                  by the Consultant; (iii) fraudulent misconduct by the
                  Consultant; (iv) embezzlement, misappropriation or theft by
                  the Consultant; (v) material breach of confidentiality
                  agreements by the Consultant; (vi) gross misconduct by the
                  Consultant; (vii) any willful or grossly negligent act by the
                  Consultant that has a material detrimental effect on the
                  Company's reputation or business; or (viii) any material
                  violation of the terms and conditions of this Agreement by the
                  Consultant.

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                  Within ten (10) days after the date of delivery of notice of
                  such termination for cause, the Consultant may respond in
                  writing to the notice of termination for cause, setting forth
                  any basis for its objection to the termination. The Board of
                  Directors or the Chairman of the Company shall, within ten
                  (10) days after the receipt of such written response, evaluate
                  the response of the Consultant and determine to either rescind
                  or affirm the termination notice. The Consultant shall be
                  notified in writing by hand delivery, overnight courier or
                  certified, return-receipt U.S. Mail, of such determination of
                  the Company, upon which delivery, such determination shall be
                  final. In the event that the termination for cause is
                  affirmed, this Agreement and the engagement of the Consultant
                  shall terminate immediately. Except as set forth in Section
                  7(b), if the Consultant is terminated for cause, the
                  Consultant shall not be eligible for any severance payment.

         (b)      If this Agreement is terminated by the Company with "cause",
                  the Consultant or its successor in interest, as the case may
                  be, shall be paid by the Company, in full satisfaction of all
                  of its fee obligations under this Agreement, an amount equal
                  to the Consulting Fee due to the Consultant to which it was
                  entitled on the last day of its engagement.

         (c)      In addition to any payments due the Consultant under this
                  Section 7, if this Agreement is terminated by the Company
                  without "cause", the Consultant shall be paid an additional
                  sum equal to $180,000 (the "Severance Payment"). The Severance
                  Payment shall be paid to the Consultant within ten (10) days
                  from the last day of the engagement. If the Severance Payment
                  is not paid within such ten-day period, the Company shall
                  reimburse the Consultant for any costs or expenses incurred by
                  it for the collection of the Severance Payment, including,
                  without limitation, any attorneys fees incurred by the
                  Consultant, including the deposit of a reasonable retainer to
                  the Consultant's legal counsel, which attorneys fees shall be
                  paid as they are incurred.

         (d)      Any payment made by the Company pursuant to Section 7(b) or
                  any Severance Payment made by the Company pursuant to Section
                  7(c) above (i) will be subject to offset for any advances,
                  amount receivable, and loans, including accrued interest,
                  outstanding on the date of the termination of this Agreement;
                  but (ii) will not be subject to any offset on account of any
                  remuneration paid or payable to the Consultant for any
                  subsequent engagement the Consultant may obtain, whether
                  during or after the period during which the payment is made,
                  and the Consultant shall have no obligation whatever to seek
                  any subsequent engagement.

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         (e)      The Consultant may terminate this Agreement with or without
                  cause by providing sixty (60) days written notice to the
                  Company. In such event, the Consultant shall receive all fees
                  due to the Consultant up to the date of termination. In the
                  event of such voluntary termination, or in the event that
                  Consultant terminates as a result of the death or disability
                  of Consultant, no fees will be provided for the period after
                  the date of termination, except as provided in Section 4
                  above.

         (f)      If this Agreement is terminated either by the Company or by
                  the Consultant, either with or without cause, the Consultant
                  shall participate in an exit interview conducted by the
                  Company's representative for the purposes of finalizing any
                  remaining matters, returning all relevant property and
                  information to the Company, and assuring a proper transition
                  of duties.

         (g)      Except as provided otherwise in this Section 7, the Company
                  and the Consultant shall not have any further right or remedy
                  against one another in the event this Agreement is terminated.
                  After termination of this Agreement pursuant to Sections 4 or
                  7(a), (b) or (e), or upon the expiration of the Term any
                  extension thereof, the provisions of Sections 9 (Disclosure of
                  Information), 10 (Inventions or Discoveries), 12 (Covenants
                  Not to Compete), and 13 (Injunctive Relief) hereof shall
                  remain in full force and effect.

8.       RELATIONSHIP BETWEEN THE PARTIES. The Consultant is retained by the
         Company only for the purpose and to the extent set forth in this
         Agreement, and the Consultant's relationship to the Company during the
         term of this Agreement shall be that of an independent contractor.
         Neither the Consultant, nor any of its agents or affiliates shall have
         employee status with the Company, be entitled to participate in any
         medical, disability, pension or any other plan or benefit provided by
         the Company to its employees or be covered by the Company in any
         Unemployment Insurance or Workmen's Compensation Act of any state.
         Nothing herein contained shall be construed to regard the parties as
         being partners or joint venturers, or to constitute an arrangement
         herein provided for as a partnership or joint venture. The Consultant
         acknowledges that it is solely responsible for the payment of all
         taxes, income or other, due and payable by reason of its engagement as
         an independent contractor by the Company.

9.       DISCLOSURE OF INFORMATION. In the course of providing consulting
         services pursuant to this Agreement, the Consultant, and in particular
         Verdi, shall work with and be exposed to the business and operations of
         the Company. The Consultant recognizes and acknowledges that the
         Company's trade secrets, confidential information, proprietary
         information and processes, including but not limited to actual or
         potential products or services and the business model associated
         therewith, are valuable, special and unique assets of the Company's
         business, access to and knowledge of which are essential to the

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         performance of the Consultant's duties hereunder. The Consultant will
         not, and will ensure that Verdi will not, during or after the Term, in
         whole or in part, disclose such secrets, information or processes to
         any person, firm, corporation, association or other entity for any
         reason or purpose whatsoever, nor shall the Consultant or Verdi make
         use of any such property for its own purposes or for the benefit of any
         person, firm, corporation or other entity (except the Company) under
         any circumstances during or after the Term and any extensions thereto,
         provided that after the Term and any extensions thereto these
         restrictions shall not apply to such secrets, information and processes
         which are then in the public domain (provided that the Consultant was
         not responsible, directly or indirectly, for such secrets, information
         or processes entering the public domain without the Company's consent).
         The Consultant shall consider and treat as the Company's property, all
         computer disks, memoranda, books, papers, lab reports, notes, letters,
         formulas, schematics, reports, customer lists, financial statements and
         budgets and all other data, and all copies thereof and therefrom, in
         any way relating to the Company's business and affairs, whether created
         by it or otherwise coming into its possession, and on termination of
         its appointment, or on demand of the Company, at any time, to deliver
         all embodiments of the confidential information (whether written, typed
         or computer files) of the same to the Company.

10.      INVENTIONS OR DISCOVERIES. The Consultant acknowledges that, while
         performing consulting services for the Company, any and all inventions,
         improvements, discoveries, processes, programs or systems relating to
         the business of the Company developed or discovered by the Consultant
         shall be fully disclosed by it to the Company and shall be the sole and
         absolute property of the Company. For the purpose of this Section 10,
         the meaning of the phrase "inventions, improvements, discoveries,
         processes, programs or systems relating to the business of the Company"
         shall be limited to inventions, improvements, discoveries, processes,
         programs or systems which result in modifications or enhancements of,
         or can be used in connection with or in lieu of, services or products
         then offered commercially by the Company, or which are the subject of
         patents held or applied for by the Company, or which are under active
         funded development by the Company during the Term and any extensions
         thereto or at the date of the expiration or termination of this
         Agreement. For the purpose of this Section 10, the meaning of the
         phrase "under active funded development of the Company" shall be
         limited to services or products which the Company has developed or is
         in the process of developing and for which the Company has accounted
         for the expenses of such development in accordance with generally
         accepted accounting principles. The Consultant acknowledges that upon
         the request of the Company, the Consultant shall execute, acknowledge
         and deliver, and shall cause Verdi to execute, acknowledge and deliver,
         such assignments, certificates or other documents as the Company may
         consider necessary or appropriate to properly vest all right, title and
         interest to any such invention or discovery in the Company. Any such
         invention or discovery by the Consultant within three years of the
         termination or expiration of this Agreement shall fall within the
         provisions of this Section unless proved conclusively by the Consultant

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         to have been first invented or discovered by it following such
         termination or expiration. The provisions of this Section shall survive
         the expiration of this Agreement or its termination by either the
         Company or the Consultant and shall remain in full force and effect.

11.      COVENANT NOT TO COMPETE. For the term of this Agreement, and for a
         period of one year after the expiration of this Agreement or its
         termination by the Company or the Consultant, the Consultant shall not,
         and the Consultant shall ensure that Verdi does not, either directly or
         indirectly, own, manage, operate, control, be employed by, participate
         in, assist in the recruitment of employees for, or be connected in any
         manner with the ownership, management, operation or control of any
         business entity involving technology, processes, programs or systems
         which are being sold or marketed, or are under active funded
         development, by the Company during the term of this Agreement or at the
         time of the expiration or termination of this Agreement within the
         states of New York, New Jersey or Connecticut or in any other state or
         territory in which the Company shall operate.

12.      INJUNCTIVE RELIEF. In the event of an actual or threatened breach by
         the Consultant of the provisions of this Section or Sections 9, 10 or
         11, the Company shall be entitled to an injunction restraining the
         Consultant's and Verdi's actions. Nothing herein shall be construed as
         prohibiting the Company from pursuing any other remedy available to the
         Company for such breach or threatened breach including, but not limited
         to, the recovery of damages from the Consultant. The Consultant
         acknowledges the necessity for and reasonableness of these provisions.

13.      NOTICES. Unless provided otherwise herein, all notices, demands,
         elections, opinions or requests (however characterized or described)
         required or authorized by this Agreement shall be deemed sufficiently
         given if in writing and sent by registered or certified mail, return
         receipt requested and postage prepaid, or by tested telex, telegram or
         cable to, in the case of the Company:

                           Eurotech, Ltd.
                           10306 Eaton Place
                           Suite 220
                           Fairfax, Virginia 22030

                           with a copy to:

                           Robert A. Solomon, Esq.
                           Solomon Pearl Blum Heymann & Stich LLP
                           40 Wall Street-35th Floor
                           New York, N.Y. 10005

                           and in the case of the Consultant:

                           Verdi Consultants, Inc.
                           100 Pheasant Drive
                           East Greenwich, Rhode Island 02818

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14.               ASSIGNMENT OF AGREEMENT. No party to this Agreement may assign
                  or otherwise transfer this Agreement or any of its rights or
                  obligations hereunder without the prior written consent to
                  such assignment or transfer by the other party hereto. Any
                  attempted assignment without written consent by the
                  non-assigning party shall be void and without force or effect
                  at the option of the latter. All the provisions of this
                  Agreement shall be binding upon the respective employees,
                  delegatees, successors, heirs and permitted assignees of the
                  parties.

15.      SURVIVAL OF REPRESENTATIONS, WARRANTIES AND COVENANTS. This Agreement
         and the representations, warranties, covenants and other agreements
         (however characterized or described) by both parties hereto and
         contained herein or made pursuant to the provisions hereof shall
         survive the execution and delivery of this Agreement and any inspection
         or investigation made at any time with respect to any aspect thereof
         until any and all monies, payments, obligations and liabilities which
         either party hereto shall have made, incurred or become liable for
         pursuant to the terms of this Agreement shall have been paid in full.
         The confidentiality, inventions and non-compete provisions contained in
         Sections 5, 7(c), 9, 10 and 11 shall remain in full force and effect
         regardless of any termination or cancellation of this Agreement for a
         period of not less than one year from the date of any termination or
         cancellation of this Agreement.

16.      FURTHER INSTRUMENTS. The parties hereto shall execute and deliver any
         and all other instruments and shall take any and all other actions as
         may be reasonably necessary to carry the intent of this Agreement into
         full force and effect.

17.      SEVERABILITY. If any provision of this Agreement shall be held,
         declared or pronounced void, voidable, invalid, unenforceable or
         inoperative for any reason by any court of competent jurisdiction,
         government authority or otherwise, such holding, declaration or
         pronouncement shall not effect adversely any other provisions of this
         Agreement, which shall otherwise remain in full force and effect and be
         enforced in accordance with its terms and the effect of such holding,
         declaration or pronouncement shall be limited to the territory or
         jurisdiction in which made.

18.      WAIVER. All the rights and remedies of either party under this
         Agreement are cumulative and not exclusive of any other rights and
         remedies provided by law. No delay or failure on the part of either
         party in the exercise of any right or remedy arising from a breach of
         this Agreement shall operate as a waiver of any subsequent right or
         remedy arising from a subsequent breach of this Agreement. The consent
         of any party where required hereunder to any act or occurrence shall
         not be deemed to be a consent to any other act or occurrence.

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19.      GENERAL PROVISIONS. This Agreement shall be construed and enforced in
         accordance with, and governed by, the laws of the State of New York.
         This Agreement embodies the entire agreement and understanding between
         the parties and supersedes all prior agreements and understandings
         relating to this subject matter, including any and all prior employment
         or consulting agreements entered into between the Consultant and the
         Company, which are, as of the date hereof, deemed terminated and
         released. This Agreement may not be modified or amended or any term or
         provision hereof waived or discharged except in writing signed by the
         party against whom such amendment, modification, waiver or discharge is
         sought to be enforced. The headings of this Agreement are for
         convenience in reference only and shall not limit or otherwise affect
         the meaning thereof. This Agreement may be executed in any number of
         counterparts, each of which shall be deemed an original but all of
         which taken together shall constitute one and the same instrument.

20.      ARBITRATION. Any and all disputes arising out of this Agreement will be
         determined by submission to binding arbitration before a three-member
         arbitral panel, which arbitration shall be conducted in New York, New
         York, or Providence, Rhode Island, pursuant to the Rules of Arbitration
         of the American Arbitration Association, the jurisdiction to which all
         parties hereto, as well as their successors, assigns and transferees,
         hereby consent. The Company shall pay all costs and fees relating to
         such arbitration, including the reasonable attorneys fees and costs of
         the Consultant, including the deposit of a reasonable retainer to the
         Consultant's legal counsel, which attorney fees shall be paid by the
         Company when they are incurred, unless an award is made in favor of the
         Company, in which case the Consultant shall immediately reimburse the
         Company for all costs and fees paid by the Company on the Consultant's
         behalf, including, without limitation, the attorneys fees and costs of
         the Consulatant, one-half of the cost of commencing the arbitration,
         and one-half of the costs and fees of the three-member arbitral panel.

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CONSULTANT ACKNOWLEDGES THAT, BEFORE SIGNING THIS AGREEMENT, IT WAS GIVEN AN
OPPORTUNITY TO READ IT, EVALUATE IT AND WAS ENCOURAGED BY THE COMPANY TO DISCUSS
IT WITH ITS ADVISORS AND ATTORNEYS AND WITH REPRESENTATIVES OF THE COMPANY.
CONSULTANT ACKNOWLEDGES THAT IT FULLY UNDERSTANDS ALL TERMS, CONDITIONS AND
IMPLICATIONS OF THIS AGREEMENT. IN LIGHT OF THE FOREGOING ACKNOWLEDGEMENT, IT IS
FURTHER UNDERSTOOD THAT TO THE EXTENT THAT THERE MAY BE ANY AMBIGUITIES IN ANY
PROVISION HEREIN THAT MIGHT HAVE TWO OR MORE PLAUSABLE CONSTRUCTIONS, THE
LANGUAGE OF THE AGREEMENT SHALL NOT BE CONSTRUED AGAINST EITHER PARTY HERETO.

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
day and year first above written.

                                        Eurotech, Ltd.


                               By:      /S/ DON V. HAHNFELDT
                                        --------------------
                                        Don V. Hahnfeldt
                                        President and Chief Executive Officer


                                        Verdi Consultants, Inc.


                                        /S/ CHAD A. VERDI
                                        -----------------
                                        By: Chad A. Verdi
                                        Its: _________________


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