Document:

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                                                                    Exhibit 10.3

Pursuant to Item 601(10)(D)(ii) sub-sections (A) & (B) of Regulation S-B, the
following is a written description of Markland Technologies, Inc.'s material
compensation agreements:

Delmar R. Kintner,  Director and President.

Base Salary                $10,000 per month
Stock Grant #1             Common stock equal to 1.67% of the issued and
                           outstanding stock of the Company on a fully diluted
                           basis, to be issued as follows: 50% on or about Feb
                           15th, 2003, 25% on July 1, 2003 and 25% on October 1,
                           2003.
Stock Grant #2             Common stock equal to .6% of the issued and
                           outstanding stock of the Company, to be issued after
                           the first anniversary of employment.

Kenneth P. Ducey, Jr., Director, Executive Vice President and Secretary

Base Salary                $15,000 per month
Stock Grant #1             Common stock equal to 1% of the issued and
                           outstanding stock of the Company on a fully diluted
                           basis, to be issued as follows: 50% on or about Feb
                           15th, 2003, 25% on July 1, 2003 and 25% on October 1,
                           2003.

Stock Grant #2             Common stock equal to .6% of the issued and
                           outstanding stock of the Company, to be issued after
                           the first anniversary of employment.

Verdi Consulting Inc., Consultant
Base Salary                $12,500 per month
Stock Grant #1             Common stock equal to 1% of the issued and
                           outstanding stock of the Company on a fully diluted
                           basis, to be issued as follows: 50% on or about Feb
                           15th, 2003, 25% on July 1, 2003 and 25% on October 1,
                           2003.
Stock Grant #2             Common stock equal to .6% of the issued and
                           outstanding stock of the Company, to be issued after
                           the first anniversary of employment.

Robert Tarini, Director and Consultant
Base Salary                $10,000 per month
Stock Grant #1             Common stock equal to 1% of the issued and
                           outstanding stock of the Company on a fully diluted
                           basis, to be issued as follows: 50% on or about Feb
                           15th, 2003, 25% on July 1, 2003 and 25% on October 1,
                           2003.

Stock Grant #2             Common stock equal to .6% of the issued and
                           outstanding stock of the Company, to be issued after
                           the first anniversary of employment.<PAGE>

                                                                    Exhibit 10.6

                      FIRST AMENDMENT TO EXCHANGE AGREEMENT

         This FIRST AMENDMENT TO EXCHANGE AGREEMENT (this "Amendment"), dated as
of December 19, 2002, is by and among Eurotech, Ltd., a District of Columbia
corporation (the "Company"), Crypto.com, Inc., a Delaware corporation
("Crypto"), Markland Technologies, Inc., a Florida corporation ("Markland"),
Security Technology, Inc., a Delaware corporation, a wholly-owned subsidiary of
Markland ("STI"), ipPartners, Inc., a Rhode Island corporation ("ipPartners"),
Markland LLC, a Cayman Island limited liability company and James LLC, a Cayman
Island limited liability company (Markland LLC and James LLC, together being the
"Markland Shareholders"). The Company, Crypto, Markland, STI, ipPartners and the
Markland Shareholders are collectively referred to herein as the "Parties."

                                    RECITALS

         WHEREAS, the Parties are the parties to that certain Exchange
Agreement, dated December 9, 2002 (the "Exchange Agreement") by and among the
Parties;

         WHEREAS, pursuant to Section 12.1 of the Exchange Agreement, the
Parties must agree in writing to any modification or amendment to the Exchange
Agreement; and

         WHEREAS, the Parties desire to make certain amendments to the Exchange
Agreement in the manner set forth herein.

         NOW, THEREFORE, in consideration of the foregoing premises, and of the
representations, warranties, covenants and agreements contained in the Exchange
Agreement, and for other good and valuable consideration, the receipt and
sufficiency of which is acknowledged by the Parties, the Parties hereby amend
the Exchange Agreement as follows:

         1. DEFINED TERMS. Unless defined herein, all capitalized terms used
herein shall have the meanings ascribed such terms in the Exchange Agreement.

         2. AMENDMENT TO EXHIBIT A - TRANSFERRED PROPERTY. In order to effect
the understanding and agreement of the Parties that certain of the Transferred
Property (namely the Acoustic CoreTM illicit materials detection technology
owned by the Company) shall be licensed to STI, as opposed to assigned, EXHIBIT
A to the Exchange Agreement is hereby deleted in its entirety and replaced with
EXHIBIT A attached hereto.

         3. AMENDMENT TO SECTION 1.2. Section 1.2 of the Exchange Agreement is
hereby deleted in its entirety and replaced with the following :

         "1.2     The Exchange and the Exchange Procedures.

                  (a) At the Closing, Markland shall issue to the Company and to
ipPartners, respectively, 239,927,344 shares and 29,990,917 shares of Markland
Common Stock representing, respectively, the Exchange Shares and the ipPartners

<PAGE>

Shares, and simultaneously therewith, and conditioned thereupon, the Company
shall agree to license, and shall cause Crypto to transfer and deliver, as the
case may be, the Transferred Property to STI in exchange for the Exchange
Shares. In consideration of its receipt of the ipPartners Shares, ipPartners
shall forgive and discharge certain obligations owed to ipPartners with respect
to the Transferred Property.

                  (b) At the Closing, certain elements of the Transferred
Property (as further detailed on Exhibit A hereto) held by Crypto shall be
transferred to STI pursuant to an assignment and assumption agreement to be
entered into between Crypto and STI, which assignment and assumption agreement
shall be in the form attached hereto as EXHIBIT B. The remaining elements of the
Transferred Property (as further detailed on Exhibit A hereto) held by the
Company will be licensed on an exclusive, worldwide and perpetual basis from the
Company to STI pursuant to a license agreement to be mutually agreed upon by,
and entered into between, the Company and STI, as soon as is practicable
following the Closing. The exchange, assignment and/or license, as applicable,
of the Exchange Shares and the Transferred Property as contemplated herein as
referred to herein as the "Exchange.""

         4. FORM OF LICENSE AGREEMENT; FURTHER ASSURANCES. The following is
hereby added to the Exchange Agreement as Section 1.3 thereto:

         "1.3 Form of License Agreement; Further Assurances. The form of license
agreement to be entered into following the Closing as contemplated by Section
1.2(b) hereof shall effect a license the Acoustic CoreTM illicit materials
detection technology to STI in a manner contemplated by Exhibit A attached
hereto. The parties shall cooperate and shall take all reasonable actions
required to license such technology and to enter into such license agreement and
any additional and required technology transfer documents in connection with
same, which documents shall be prepared and filed with the appropriate
authorities in all relevant jurisdictions, if any, on a cooperative basis by the
parties on a post-closing basis. In addition, the parties shall, on a
post-closing basis, cooperate and take all reasonable actions required to effect
all of the transactions contemplated by this Agreement."

         5. ASSIGNMENT OF CRADA RIGHTS. The following is hereby added to the
Exchange Agreement as Section 1.4 thereto:

         "1.4 Assignment of CRADA Rights. Following the Closing, the Company
shall use its commercially reasonable best efforts to cause the assignment to
STI of all of the Company's rights and obligations under that certain USAF CRADA
Number 02-263-AMWC-02 Cooperative Research and Development Agreement between
USAF Air Mobility Battlelab and the Company (the "CRADA"). If, despite such
efforts, the Company is unable to effect such assignment, the Company and STI
shall work together and in good faith to establish a workable contractual or
other arrangements to ensure that the development and commercialization (and
resulting revenues and profits relating thereto) of the Acoustic Core illicit
materials detection technology shall be undertaken by, and inure to the benefit
of, STI, to the extent legally permissible."

                                       2
<PAGE>

         6. ADDITIONAL AMENDMENTS. The Parties hereby make and agree to all
conforming amendments and modifications to the Exchange Agreement necessary to
reflect amendments to the Exchange Agreement effected by this Amendment.

         7. EXTENSION OF TERMINATION DATE. Section 9.2 of the Exchange Agreement
is hereby amended by changing the date constituting the "Termination Date" from
December 15, 2002 to "December 31, 2002."

         8. NO FURTHER AMENDMENT. Except as amended by this Amendment, the
Exchange Agreement shall remain unchanged and in full force and effect.

         9. COUNTERPARTS. This Amendment may be executed in any number of
counterparts, and by facsimile, each such counterpart being deemed to be an
original instrument, and all such counterparts shall together constitute the
same agreement.

                            [Signature Pages Follow]

                                       3
<PAGE>

         IN WITNESS WHEREOF, this Amendment has been duly executed and delivered
by the duly authorized officers of the parties hereto as of the date first
written above.

                                        MARKLAND TECHNOLOGIES, INC.

                                        By: /s/ Ken Ducey, Jr.
                                            ------------------------------------
                                            Name:  Ken Ducey, Jr.
                                            Title: Executive Vice President

                                        EUROTECH, LTD.

                                        By: /s/ Don V. Hahnfeldt
                                            ------------------------------------
                                            Name:  Don V. Hahnfeldt
                                            Title: President

                                        CRYPTO.COM, INC.

                                        By: /s/ Don V. Hahnfeld
                                            ------------------------------------
                                            Name:  Don V. Hahnfeldt
                                            Title: President

                                        SECURITY TECHNOLOGY, INC.

                                        By: /s/ Ken Ducey, Jr.
                                            ------------------------------------
                                            Name:  Ken Ducey, Jr.
                                            Title: President

                                        IPPARTNERS, INC.

                                        By: /s/ Robert Tarini
                                            ------------------------------------
                                            Name:  Robert Tarini
                                            Title: President

                                        MARKLAND LLC

                                        By: /s/ David K. Sims
                                            ------------------------------------
                                            Name:  David K. Sims
                                                   for Navigator Management Ltd.
                                            Title: Director

                                        JAMES LLC

                                        By: /s/ Arlene De Castro
                                            ------------------------------------
                                            /s/ Ioka Bobb
                                            ------------------------------------
                                            Name: Arlene De Castro and Ioka Bobb
                                                  for Navigator Management Ltd.
                                            Title: Director

           [End of Signature Pages to Amendment to Exchange Agreement]

                                       4
<PAGE>

                                    EXHIBIT A

                        TRANSFERRED AND LICENSED PROPERTY

Property Licensed from the Company
----------------------------------

Acoustic Core(TM) is the unregistered trademark and trade name for the
commercial application of certain patent protected proprietary methods and
processes for transmitting energy waves towards an object and recording the
associated energy signals reflected back by that object, in order to determine
the constituent components (or elements) that constitute that object. The
proprietary methods and processes allow for the recognition, characterization
and quantitative measurement of the constituent components (or elements) of that
object. The proprietary methods and processes, and all associated intellectual
property embodied in the signal processing algorithms and analysis procedures
defined in certain patents and associated filings described herein shall be
referred to in this Exhibit A as the "Acoustic Core Rights."

The Acoustic Core Rights to be licensed to STI pursuant to this Agreement
consist of the following rights, but limited solely and exclusively to
commercial applications of Acoustic Core(TM) with respect to the market for
illicit materials detection (i.e., for the detection of hazardous materials,

<PAGE>

including explosives, chemical, biological and nuclear materials, weapons,
including plastic and ceramic weapons, and narcotics) in connection with private
and governmental security screening applications , and no other markets: (1) any
and all intellectual property associated with the Acoustic Detection Apparatus,
defined under and associated with U.S. Patent 4,922,467, Canadian Patent
1,299,727 and Japanese Patent 2,030,623 and all present and future improvements
for the full life of the patents, (2) any and all intellectual property defined
under and associated with an "Improved Material Classification Apparatus and
Method", U.S. Application Number 09-791671, International Application Number
PCT/CA02/00211, as submitted to the U.S. Patent and Trademark Office(the
"PTO")and, which is currently under review by such office and (3) any and all
intellectual property defined under and associated with an "Acoustic Portal
Detection System", as the same will be submitted by or on behalf of the Company
after the date hereof to the PTO and the Canadian patent office. The Acoustic
Core Rights to be licensed to STI shall also include any and all patent rights
relating thereto granted by the PTO, as well as other improvements, made or
utilized by the Company, which may include acoustic, optical and/or
electromagnetic sources, without geographical or time limits. The license of the
Acoustic Core Rights as contemplated hereunder shall be entered into and filed
with the appropriate authorities in all relevant jurisdiction, if any, on a
cooperative basis by the parties on a post-closing basis.

The Acoustic Core Rights licensed to STI shall be irrevocable and shall provide
STI for its exclusive benefit the right, free of any royalty or similar charge
or fee, to develop, market, distribute and license for worldwide use, without
geographical limit, any and all commercial applications of Acoustic Core(TM)
with respect to the market for illicit materials detection (as described above).
Subject to applicable agreements to which it is a party, the Company, and not
Markland or STI, shall maintain all other existing rights with respect to the
technology and patents including, but not limited to, the exclusive rights to
the Acoustic Core Rights in the following market categories: (1) above surface
or subsurface nuclear or other hazardous material remediation; (2) marine
dredging sites (inland and ocean); and (3) oil exploration.

Property Transferred from Crypto
--------------------------------

Crypto shall transfer to STI all right, title in interest that Crypto currently
owns and possesses in certain proprietary software and related intellectual
property concerning cryptology (including, without limitation, all source code,
object code and all materials and documents) which Crypto acquired in February,
2000 and has subsequently developed (the "Crypto Technology") for development in
all commercial markets, including but not limited to, government, commercial,
and private enterprise computer and communications security software.

The Crypto Technology is protected as a trade secret. Crypto has no federally
registered copyright to the Crypto Technology, but asserts common law
copyrights. The trademark "Crypto.com" is federally registered (Serial Number
76308457) and shall be transferred to STI together with the Crypto Technology.

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