Document:

THIS AGREEMENT made this 11th day of February, 2000

BETWEEN:

         THE MOTOR PAGES, a division of Autoco.com, Inc. having an office in the
         City of Toronto, in the Province of Ontario (Hereinafter "the Motor
         Pages")

                                     - and -

         Wm. WARD PUBLISHING LTD., a corporation having an office in the City of
         Don Mills, in the Province of Ontario (Hereinafter "the Canadian Black
         Book")

                        TECHNOLOGY PARTNERSHIP AGREEMENT
                        --------------------------------

         WHEREAS This Technology Partnership Agreement is intended to formally
express the desire of both the Motor Pages and the Canadian Black Book to work
cooperatively in the promotion of information technologies including, but not
limited to, customized applications for the Internet and World Wide Web and the
implementation of an Internet Marketing Strategy;

         AND WHEREAS it is the desire of The Motor Pages to provide
computer-mediated information services for the Canadian Black Book;

         AND WHEREAS the Motor Pages has developed an Automotive Internet Portal
for both the consumer and area dealers featuring a dealer-to-dealer network, an
online management system and offering support services and complete solutions to
business for the wholesale industry;

         AND WHEREAS the Motor Pages is dedicated to working together with its
clients to improve their productivity and strategic position through clear and
concise use of information technologies. The Motor Pages is committed to
supplying the finest in content, quality and value to its clients;

<PAGE>

                                      - 2 -

         AND WHEREAS the Canadian Black Book is the provider of "black book" in
hard copy to over 72,000 dealers across Canada;

         AND WHEREAS the initial goal of the parties is to design and develop an
E-Commerce solution to facilitate online subscriptions to allow the Motor Pages'
dealer network to obtain online valuations from the databases of the Canadian
Black Book and to implement an Internet Marketing Strategy;

         NOW THEREFORE this Agreement witnesseth that in consideration of the
covenants and mutual agreements herein, the parties hereto agree as follows:

1.       Duration
         --------

         This Agreement will continue until such time as one or both parties
provide thirty (30) days notice in writing to the other of their intention to
withdraw from this Technology Partnership Agreement.

2.       Termination
          -----------

         Notice must be forwarded by registered mail to the offices of PTI or
SCIC. In the event this Agreement is terminated, each party will calculate the
amount of any outstanding financial obligations due to either party, if any, and
the parties agree that they will settle such amounts in full.

3.       Communication
         -------------

         The parties agree that the primary contacts for each party to this
Agreement, at the time of signing and thereafter unless advised otherwise are as
follows:

         The Motor Pages           - Walter Deagle
                                     (416) 630-5287 or wdeagle@themotorpages.com

         The Canadian Black Book   - Kathy Ward

<PAGE>
                                     - 3 -

4.       Binding
         -------

         This Agreement shall be binding upon and shall ensure to the benefit of
the parties hereto and their respective heirs, successors and assigns.

5.       Scope of Work
         -------------

         (a)      Within the dealer-to-dealer network the Motor Pages agrees to
                  incorporate an online ability for dealers to ascertain the
                  value of a vehicle using an icon representing the Canadian
                  Black Book. Utilization of this icon will require an online
                  subscription to the service which will be facilitate by an
                  E-Commerce model.
         (b)      Subscriptions will be on an annual basis to allow assignment
                  of a password for additional queries on other vehicles.
         (c)      The Motor Pages agrees to design and develop the model for the
                  Canadian Black Book at no cost.
         (d)      The Motor Pages agrees to initiate an online and traditional
                  marketing strategy in concert with the Canadian Black Book to
                  inform and market the service they are providing through the
                  automotive Internet portal site themotorpages.com.
         (e)      The Motor Pages agrees that it will be responsible for the
                  tagging and registering of subdirectories of the domain
                  themotorpages.com/blackbook.
         (f)      The Canadian Black Book agrees that it will add
                  themotorpages.com logo to the physical publication of the book
                  on a regular basis.
         (g)      The Motor Pages agrees that the final document will be
                  provided to the Canadian Black Book for approval and nothing
                  will be presented online without the written approval of the
                  Canadian Black Book.

<PAGE>

                                     - 4 -

8.       Ownership
         ---------

         The parties agree that all development work completed for the Canadian
Black Book will remain the property of the Canadian Black Book and may be
incorporated into the existing site canadianblackbook.com source codes included.

9.       Financial
         ---------

         The parties agree that this strategic alliance recognizes the mutual
benefit to be derived at such an endeavor and consequently neither party will
charge the other for any services rendered.

10.      Entire Agreement
         ----------------

         With respect to the subject matter of this Agreement, this Agreement:

         (a)      sets forth the entire agreement between the parties hereto and
                  any persons who have in the past or are now representing
                  either of them;
         (b)      supersedes all prior understanding and communications between
                  the parties hereto, oral or written; and
         (c)      constitutes the entire agreement between the parties hereto.

         Each party hereto acknowledges that it shall have no right to rely upon
any amendment, promise, modification, statement or representation made or
occurring subsequent to the execution of this Agreement unless the same is in
writing and executed by each of the parties hereto.

              [THE REMAINDER OF THIS PAGE LEFT BLANK INTENTIONALLY]

<PAGE>
                                     - 5 -

         IN WITNESS WHEREOF the parties hereto have hereunto executed this
Agreement by the hand of its duly authorized officer as of the date and year
first above written.

                                    THE MOTOR PAGES

                                    Per: /s/ Walter E. Deagle
                                        --------------------------------

                                    Per: CEO TheMotorPages.com

                                    WM.WARD PUBLISHING LTD.

                                    Per: /s/ signature
                                        -------------------------------

                                    Per: DIR SLS MRKT.

<PAGE>
                        DEDICATED SERVER RENTAL AGREEMENT

This web space rental agreement ("Agreement") is hereby entered into between Wm
Ward Publishing and The Motor Pages.com herein after called ("The Alliance") and
____________________ ("Customer") on the following terms and conditions:

1.       The Alliance. Dedicated Rental SErvice (the "Service") consists of
         services provided to allow the Customer to offer content on the
         internet off the Alliance's network. These services include, but are
         not limited to, space on Alliance Dedicated Internet Server it store
         HTML and related multimedia documents and files, the ability to
         maintain their pages, accounts, and email accounts. The terms and
         conditions of this agreement constitute the entire and only agreement
         (collectively, the "Service Agreement" between Alliance and the
         Consumer (hereby defined as one who has an account with Alliance for
         the Service, including Customer (hereby defined as one who has an
         account with the Alliance for the Service, including Customer
         designated users with respect to the service) and supersede all other
         communications and agreements with regard to the subject matter hereof.

2.       Upon written notice to the Customer, Alliance my modify this Service
         Agreement, including the price it charges for the service, and may
         discontinue or revise and or all aspects of the Service. Written of
         email notice must be provided within no fewer than 90 days of any
         change to this Service Agreement of prices. Alliance may, not
         withstanding anything set forth in this Service Agreement, discontinue
         service in its sole discretion without prior notice.

3.       CUSTOMER AGREES TO INDEMNIFY THE ALLIANCE AGAINST ANY LIABILITY FOR ANY
         AND ALL USE OF CUSTOMER'S ACCOUNT. FURTHERMORE, CUSTOMER AGREES TO
         INDEMNIFY AND HOLD ALLIANCE HARMLESS FROM ANY CLAIMS AND EXPENSES,
         INCLUDING REASONABLE ATTORNEY'S FEES, RELATED TO CUSTOMER'S VIOLATION
         OF THE SERVICE AGREEMENT OR CUSTOMER'S DIRECT OF INDIRECT DAMAGE TO
         ANOTHER PARTY.

4.       Host Environment Description: High-end dedicated server solution for
         high-availability solutions. Configuration is a dual Pentium server
         with RAID I SCSI arrays and 128 MB of RAM. If a problem arises with the
         hardware, the Alliance engineers are responsible for repairing the
         problem. The customer is provided full administrative access to the
         operating system via either PCAnywhere (for NT servers) or Secure
         Telnet (for Red Hat Linux servers). The server will be connected
         directly to a core switch via a 100 MB FastEthernet connection for a
         minimum of 128k of bandwidth (approximately 40GB per month) that can
         burst to whatever traffic level is. Finally, the servers will be
         monitored every minute and our technicians will repair any transitory
         errors that arise.

         24/7 monitoring on a 1 minute scan frequency. Engineers will attempt to
         repair any problems immediately upon alert notification and will
         contact customer if unable to repair the problems.

         The Alliance will handle primary and secondary DNS if required 100
         Base-T network connection
         Minimum Dual Pentium 550 Processors
         Minimum 128 MB of RAM 9expandable to 1GB)
         Minimum SCSI RAID 1 hardware array (2, 9GB drives) 128kb scalable
         bandwith (approximately 40GB per month) Regular backup
         System Administration for site problem resolution will be available
         24/7 via pager/cell phone reporting.

<PAGE>
         Webmaster will have a wireless connection to the net available at all
         times

5.       The System Development Environment

         System Analysis:

         Systems analysis services will be provided by our lead software
         engineer with a minimum of 20 years industry experience in computer
         systems, software design and a variety of business environments
         allowing leveraging through cross discipline application of solutions.
         Analysis will be conducted in close concert with the market development
         plans and business objectives set forth from time to time.

         System Design:

         System design will be provided by our lead software engineer to
         maintain continuity with the analysis objectives and close control over
         time sensitivity of production plans.

         System Implementation:

         The systems will be deployed using cost efficient and presentation
         effective tools and methologies. The primary development environment
         will consist of ColdFusion server accessing Access and/or Oracle and/or
         Progress relational databases. Java, Javascript, C++ and other
         programming languages may also be deployed from time to time to address
         specific evolving needs.

         Data Conversion

         Data conversion services will be provided to assist with maintaining
         the integrity, accuracy and relevance of the contents of the website.

         Database Management:

         Database management services will be provided to keep the relational
         database system operating efficiently with periodic maintenance to
         remove redundant data and referential integrity verification. Database
         design schema will be maintained to ensure an accurate picture of the
         effect of any modifications to the underlying structure.

         Data Encryption and Security:

         Data security will be provided via data encryption to ensure the data
         can only be used through the website. All web documents will also be
         stored encrypted to reduce the possibility of accidentally exposing
         the encryption mechanism. Technologies such as Cybercash and SSL will
         also be deployed for secure transaction processing.

         Customer is responsible for and must provide all telephone and other
         equipment and services necessary to maintain Customers account
         remotely. Customer is not allowed access to Landlord's premises for any
         reason. All activities necessary for the normal maintenance of the
         co-located server must be carried out by the Customer remotely through
         the Internet. The Alliance (Unless otherwise authorized by Alliance)
         will undertake any normal or emergency care of the dedicated server
         upon written, emailed or faxed request by the Customer at Alliance's
         normal per hour work rates.

6.       Alliance is not liable for any errors or interruption in service,
         whether within or outside of the Alliance's reasonable control. Service
         may be temporarily unavailable for scheduled maintenance, either by
         Alliance or by third party providers, or because of other causes.

<PAGE>
         Alliance agrees it will take all reasonable efforts to prevent such
         errors from occurring and agrees to make every reasonable effort to
         alert Customer of any potential problems which Alliance has control
         over.

7.       Alliance is not responsible for files and data residing on Customers
         account. Customer agrees to take full responsibility for files and data
         transferred and to maintain all appropriate backups of files and data
         stored on Alliance servers. Alliance's tape back-up system is an
         available service feature and is in place not be relied upon as
         Customer's sole source of back-up protection.

8.       Customer will comply with the rules, conditions and requirements, or
         and applicable Federal, Provincial and Municipal laws of any network to
         which Alliance may provide access. Customer should not post, transmit
         or permit internet access to information Customer desires to keep
         confidential.

9.       Customer commits to a non-cancelable service term of six (6) months.
         Service termination prior to either initial of any upgraded service
         term, will result in all monthly service fees through the end of the
         initial non-cancelable term becoming immediately due and payable. The
         fees for the initial term of service and any subsequent terms of
         service, whether paid or payable, are non-refundable.

10.      Customer shall pay the monthly maintenance fee, and any charge for
         additional services under the terms of this Service Agreement, within
         thirty (30) days of receipt of invoice. Invoice may be sent by email or
         by letter. Customer may not withhold of "Setoff" any amounts due
         hereunder. Alliance retains the right to withhold service without
         prejudice until all amounts determined delinquent are paid in full. Any
         late payment shall be subject to any costs of collection (including but
         not limited to legal fees).

11.      Any Customer whose Services are terminated or suspended will be
         required to pay a reconnection fee of $50.00 to reinstate the account.

12.      There will be a $15.00 service charge for each returned cheque.

13.      Legal notices will be sent to either party shall be effective when
         delivered by mail, transmitted by telecopier ("fax") machine, one (1)
         day after being sent by overnight mail of "fax", or two (2) days after
         being sent by first class mail postage prepaid to the address shown.

         Wm Ward Publishing
         7800 Woodbine Ave.
         Suite 302, Markham, Ontario
         L3R 2N7
         Phone: 1-905-477-0343
         Fax: 1-905-477-4595

14.      Customer retains the right to cancel use of Alliance Service within
         fifteen (15) days before the start of their next billing cycle.
         Alliance does not provide refunds for unused time. Requests for
         cancellation must be received at Alliance via email, fax or postal
         mail. All Alliance accounts must be paid in full before the
         cancellation transaction will be considered complete.

<PAGE>

15.      Customer acknowledges and agrees that in the course of dealings with
         Customer, it may have acquired information about Customer, its business
         activities and operations, its technical information and trade secrets,
         of a highly confidential and proprietary nature. Alliance agrees that
         title to all such information and related materials shall remain with
         the Customer. All applicable copyrights, trade secrets, patents and
         other intellectual and property rights in such information and related
         material, including without limitation, technologies, procedures,
         programs, methods of processing, all source code, conversions,
         enhancements, databases, templates, specific design and structure of
         individual programs and their interaction and unique programming
         techniques employed therein as well as screen formats shall remain the
         sole and exclusive property of the Customer and shall not in any way be
         sold, revealed, disclosed or otherwise communicated, directly or
         indirectly, by The Alliance to any person, company or institution
         whatsoever other than for the purposes set forth herein. It is
         expressly understood that no title to or ownership of such information
         or any part thereof is hereby transferred to The Alliance.

16.      Any customers list and/or other information concerning the Customer's
         clients are the sole and exclusive property of the Customer. Alliance
         shall not for any reason whatsoever, directly or indirectly, solicit
         the trade business of any clients or prospective clients of the
         Customer with respect to any of the services, products, trade secrets
         or other matters of the Customer. In addition confidently of all
         matters as imposed herein above, the Alliance agrees to keep in the
         strictest of confidence any information acquired by the Alliance during
         the course of its dealings with the Customer about any of the
         Customer's clients, including but not limited to contents of related
         databases, credit and credit card information.

17.      Nothing containing herein shall be construed to place the parties
         (Customer and Alliance) in a relationship of partners, agents or joint
         ventures. Neither party shall represent itself as the agent or legal
         representative of the other party for any purpose whatsoever and shall
         have no power to obligate or bind the other party in any manner
         whatsoever.

         If any clause herein shall be found to contravene any law or ordinance
         in whole or in part, it shall be severred from the Agreement. The
         balance of the Agreement shall continue in full force and effect.

         This Service Agreement is made in the Province of Ontario, and shall be
         governed by and construed in accordance with the laws of Canada. Any
         cause of action of customer or designated users with respect to the
         Service Agreement must be instituted within one year after the claim or
         cause of action has arisen or be barred.

18.      Each party (Customer and Alliance) to this Service Agreement represents
         that it has all necessary rights and authority to enter into the terms
         of the Agreement and is in compliance with all federal, provincial and
         municipal laws governing this transaction.

         IN WITNESS WHEREOF, and intending to be legally bound, the parties
         hereto have entered into Service Agreement to be executed by their duly
         authorized representatives.

         Wm Ward Publishing                       >Customer
         7800 Woodbine Ave.
         Suite 302, Markham, Ontario
         L3R 2N7
         Phone: 1-905-477-0343
         Fax: 1-905-477-4595EX-10.1.2.1 - EKOR Agreement dated as of May 15, 2000 between Euro-Asian
              Physical Society and Eurotech, Ltd. Modifying the EKOR license

                                 EKOR AGREEMENT
         MOSCOW - WASHINGTON                                MAY 15, 2000

 This Agreement, made this 15 day of May, 2000, between the International Union
 of Public Associations "Euro-Asian Physical Society" (EAPS), a corporation of
 the Russian Federation, having a place of business at 119034, Kursovoy bystr.
 17, Moscow, Russian Federation (hereafter referred to as "Licensor") and
 EUROTECH, Ltd, a corporation of the District of Columbia, USA, having a place
 of business at 10306 Eaton Place, Suite 220, Fairfax, VA 22030 (hereafter
 referred to as "Licensee").

 Witnesseth that:

         Whereas, Licensor has certain patent and technical information rights
         relating to certain organo-silicon compositions used to produce
         so-called EKOR materials for environmental protection,

         Whereas, Licensor is willing to exclusively license to Licensee its
         patent rights filed anywhere in the world (including the Russian
         Federation) and its worldwide technical information rights to make and
         commercialize EKOR materials,

         Whereas, Licensee shall appoint Licensor as its exclusive
         representative for the territory of the Russian Federation, on the
         basis specified below, it being understood that Licensee retains the
         right to sign contracts in the Russian Federation and Licensee shall
         provide other consideration to Licensor as set forth herein

                  Therefore, Licensor and Licensee agree as follows:

1.       Prior Agreements

         1.1      All prior agreements and oral understandings by Licensor
                  granting rights relating to EKOR are cancelled as of the date
                  of this Agreement, whether with Licensee or third parties, as
                  are any prior obligations or Licensee debts of relating to the
                  subject matter of this agreement.

2.       Scope of Patent Rights and Technical Information

         2.1      "Patents" are all patent rights filed anywhere in the world in
                  the possession of Licensor as of the date of this Agreement
                  and relating to EKOR materials and their production and use,
                  including but not limited to the patents and patent
                  applications listed in the attached Schedule A, as well as any
                  patents granted on any such patent application, or on any
                  continuing, or divisional application based thereon, as well
                  as any patent granted on any of those patent applications, and
                  any reexamined or reissued patent based thereon, and any
                  extension of any such patent.

         2.2      'Technical Information" is all technical information in the
                  possession of Licensor as of the date of this Agreement
                  relating to EKOR materials, their production, and use.

                                                                          Page l
<PAGE>

EX-10.1.2.1 - EKOR Agreement dated as of May 15, 2000 between Euro-Asian
              Physical Society and Eurotech, Ltd. Modifying the EKOR license

3.       Licensee Grant

         3.1      In return for the consideration specified herein, Licensor
                  grants to Licensee the exclusive worldwide right to use and
                  disclose the Technical Information and exclusive rights under
                  the Patents, provided however that:

                  3.1.1    Licensee appoints Licensor as its exclusive sales
                           representative for EKOR materials in the territory of
                           the Russian Federation, provided however that
                           Licensee retains for itself the sole right to sign
                           contracts in the Russian Federation.

         3.2      The rights of Licensee include, but are not limited to, the
                  right to manufacture and use EKOR components and materials,
                  sell the same, and assist customers in using the same.

         3.3      Licensee may sublicense its rights hereunder, subject to the
                  payment provisions set forth herein.

         3.4      In the event that any of the Patent rights or Confidential
                  Information rights licensed hereunder are infringed by a third
                  party, Licensee shall have the right, at its own expense and
                  in its own name, to pursue legal action to cause such
                  infringement to stop. All proceeds from any such legal an
                  action shall be retained by Licensee.

         3.5      Licensor agrees that it will provide assistance to Licensee in
                  obtaining and enforcing patents, and protecting confidential
                  information, and will execute such papers as may be needed to
                  do so.

4.       Engineering Specifications

         4.1      All the engineering specifications indispensable and
                  sufficient for manufacturing the products under the license
                  are to be transferred by Licensor to an authorized
                  representative of Licensee after the completion of all the
                  necessary investigations along with test samples.

         4.2      The transfer of Engineering Specifications to Licensee shall
                  be acknowledged by an acceptance report.

         4.3      Licensor may retain a copy of the Engineering Specifications
                  for its own internal needs, but shall maintain it in
                  confidence.

5.       Improvements

         5.1      During the term of the Agreement, Licensor shall promptly
                  inform Licensee in writing of all improvements by Licensor
                  concerning the Patents and production under the Agreement. All
                  such improvements by Licensor shall be subject to the License
                  grant in paragraph 3.

                                                                          Page 2
<PAGE>

EX-10.1.2.1 - EKOR Agreement dated as of May 15, 2000 between Euro-Asian
              Physical Society and Eurotech, Ltd. Modifying the EKOR license

6.       Other Representations

         6.1      Licensor represents that as of the date of this Agreement it
                  knows of no patent or other rights of third parties that would
                  be infringed by practicing the license granted herein, and
                  that Licensor has the right to grant the Patent and Technical
                  Information rights as set forth herein. Page 2

         6.2      Licensor represents that it is technically feasible to make
                  the products subject to the license using the Technical
                  Information granted hereunder

         6.3      Upon presentation of bills, Licensee shall pay all patent
                  expenses of attorneys and governments relating to the patent
                  rights granted hereunder, it being understood that decisions
                  as to incurring further patent expenses shall hereafter be
                  made by Licensee.

         6.4      Licensor shall fund its research and development effort
                  necessary to develop experimental samples and technical
                  guidelines for the production of the licensed product in
                  commercial quantities.

7.       Technical Assistance in the Manufacture of the Products under the
         License

         7.1      At the request of Licensee, Licensor shall continue to work on
                  development of technical information relating to EKOR
                  materials and other technology development the budget for any
                  such work shall be submitted in advance in writing by Licensor
                  to Licensee. Licensee shall reimburse Licensor for the work
                  involved authorized by Licensee promptly upon submission of
                  written statements. It is understood mat Licensor shall work
                  only with Licensee on the technology subject to this
                  Agreement, it being an exclusive relationship between Licensor
                  and Licensee as to the subject matter of this Agreement. Thus,
                  Licensor may not offer its services in areas relating to the
                  subject matter of this Agreement to third parties without the
                  written permission of Licensee. Thus, Licensor may not accept
                  payments from third parties relating to the subject matter of
                  this Agreement, for work done in the past or in the future.

         7.2      To render technical assistance to Licensee in perfecting
                  production under the license, and also to teach the staff of
                  the Licensee the methods of operation concerning the
                  manufacture and application of the products under the license,
                  the Licensor, at the request of the Licensee, is obliged to
                  send to a place designated by Licensee the required number of
                  experts. Licensee shall inform the Licensor of its request, as
                  soon as practically possible, prior to the date of expected
                  departure of experts from the Russian Federation, and such
                  experts shall be dispatched as soon as possible.

         7.3      Licensee shall provide the experts of the Licensor, during the
                  time of their stay at the place designated by Licensee, a
                  hotel, vehicles for traveling to a place of work and back, and
                  reasonable food and telephone service.

         7.4      All the expenses associated with sending the experts of
                  Licensor to assist Licensee in producing the licensed product,
                  including the payment for visas, passports, cost of tickets to
                  a place of their destination and back, and also a fee
                  depending on qualification of the experts, are borne by
                  Licensee. The fee for such experts shall be reasonable and
                  shall be agreed upon by the Parties prior to any trip, in
                  writing.

         7.5      Licensor is obligated to keep together the technical team and
                  maintain its technical expertise required to provide the
                  assistance specified under this Paragraph 7.

                                                                          Page 3
<PAGE>

EX-10.1.2.1 - EKOR Agreement dated as of May 15, 2000 between Euro-Asian
              Physical Society and Eurotech, Ltd. Modifying the EKOR license

         7.6      Should Licensor and Licensee agree that it is desirable for
                  Licensor to send technical experts to other sites designated
                  by Licensee to assist in use of products made under this
                  Agreement, the parties shall agree in writing in advance on
                  all financial arrangements for such assistance.

8.       Payments to Licensor

         8.1      In addition to payments previously made to Licensor on behalf
                  of Licensee for the rights and information provided by
                  Licensor to Licensee hereunder and any payments under
                  Paragraph 7, in return for the initial rights under Paragraph
                  3 and improvement rights under Paragraph 5 hereof, Licensee
                  shall pay Licensor:

                  8.1.1    Ten thousand USA dollars (US $10,000) per month for
                           sixty (60) months following the date of this
                           Agreement, and

                  8.1.2    After the sixty (60) month period mentioned in 8.1, a
                           royalty of one tenth of one percent (0.1%) of the
                           sales of product made hereunder, for any product
                           imported, made, used, or sold under any Patent
                           licensed hereunder and/or made using any Technical
                           Information provided by Licensee hereunder during the
                           confidentiality term set forth in Paragraph 9.1.

                  8.1.3    The US $10,000 payments under Paragraph 8.1.1 shall
                           be reduced for any month by the amount that Licensee
                           in that month has paid Licensor under Paragraph 7.1,
                           up to a maximum of US $10,000 per month.

         8.2      No other payments shall be due to Licensor from Licensee for
                  the rights hereunder, either by an Agreement directly between
                  Licensor and Licensee or through an intermediate party.

         8.3      Licensee shall pay all U.S. taxes incurred in connection with
                  payments to Licensor hereunder. Otherwise, each of the parties
                  shall each be responsible for its own taxes due to any
                  government.

9.       Confidentiality

         9.1      For a period of fifteen (15) years from the date of this
                  Agreement (the date first written above), the parties shall
                  keep confidential the technical information provided by
                  Licensor to Licensee hereunder (including but not limited to
                  engineering specifications, production information, commercial
                  information, etc.), and shall take all reasonable steps
                  necessary to maintain confidentiality. Licensee shall use the
                  information to make and sell products; Licensor shall use the
                  information only to assist Licensee.

         9.2      Only those persons on the staff of the Licensor and Licensee
                  and their associates who are connected directly with the
                  transfer of the technical documentation and information are
                  permitted to receive disclosures regarding production of the
                  licensed product.

                                                                          Page 4
<PAGE>

EX-10.1.2.1 - EKOR Agreement dated as of May 15, 2000 between Euro-Asian
              Physical Society and Eurotech, Ltd. Modifying the EKOR license

10.      Protection of the Rights Being Transferred

         10.1     Licensee shall maintain in force the licensed Patents during
                  the term of the present Agreement, provided however that if
                  Licensee believes that any particular patent or patent
                  application in any particular country has insufficient
                  commercial value, it may abandon that patent application or
                  patent after first giving Licensor the opportunity to pay the
                  relevant expenses. Licensor shall respond to any such notice
                  within two (2) months or be considered to have no interest. If
                  Licensor does elect to pay the expenses of any such patent
                  right, Licensee and its sublicensees and customers shall have
                  a royalty-free license thereunder.

         10.2     If Licensee decides to patent further inventions of the
                  Licensor, Licensee may do it upon written notice to the
                  Licensor.

         10.3     This Agreement may be modified only in writing, signed by both
                  parties.

         10.4     This Agreement and the rights and obligations herein may not
                  be assigned by either party, except that Licensee may assign
                  the same to a successor of Licensee as to the entire business
                  relating to this Agreement.

         10.5     This Agreement is executed in duplicate on 6 (six) pages in
                  both Russian and English each to have the same legal effect.
                  In the event of an inconstancy, the English version shall
                  govern.

         10.6     This Agreement shall be governed by the law of the District of
                  Columbia and the USA.

         10.7     In the event of a dispute, the parties shall first attempt in
                  good faith to resolve the dispute by discussions.

11.      Term of Agreement

         11.1     The term of this Agreement shall be the longer of the life of
                  the Patents or the term of confidentiality set forth in
                  Paragraph 9.1

12.      Addresses and data on the Parties

         12.1     Licensor:
                  International Union of the Public 'Euro-Asian Physical
                  Society' (EAPS) 119034, Kursovoy bystr. 17, Moscow, Russian
                  Federation
                  Ph. 943-76-77, Fax 943-76-86
                  Account number: 40703840538200200216
                  Name of the Bank: Saving Bank of the Russian Federation Moscow
                  Bank (Khoroshevskoye branch 7972)
                  Bank address: 123060, Raspletina Str. 10, Moscow, Russian
                  Federation
                  Bank account 3030184063800603820
                  Swift code: SABR RU MM 100
                  Correspondent Bank: Bank of New York New York, NY, USA
                  Account of Saving Bank of the RF with correspondent bank:
                  890-0057-610
                  Swift Code: IRVT US 3N

                                                                          Page 5
<PAGE>

EX-10.1.2.1 - EKOR Agreement dated as of May 15, 2000 between Euro-Asian
              Physical Society and Eurotech, Ltd. Modifying the EKOR license

         12.2     Licensee:
                  EUROTECH, Ltd. 10306 Eaton PL, Suite 220, Fairfax, VA 22030
                  Ph. 703-352-4399, Fax 703-352-5994
                  BANK of America N.A. 6610 Rockledge Drive
                  Bethesda, Maryland 20817
                  Account Number: 003918966754

In Witness Whereof, the parties hereto have caused this Agreement to be executed
as of the date first written above.

Licensor:
INTERNATIONAL UNION OF PUBLIC ASSOCIATIONS
"EURO-ASIAN PHYSICAL SOCIETY" (EAPS)

 /S/ DR. MARINA KOZODAEVA
----------------------------------------------------
Signature

DR. MARINA KOZODAEVA
--------------------
Typed or printed name:

EAPS DIRECTOR GENERAL
---------------------
Title:

Licensee:
EUROTECH, LTD.

 /S/ DON V. HAHNFELDT
----------------------------------------------------
Signature

DON V. HAHNFELDT
----------------
Typed or printed name:

PRESIDENT & CEO
---------------
Title:

                                                                          Page 6

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