Document:

EX-10.2

         DATED                                                     2006
         --------------------------------------------------------------

                               THERMODYNETICS, INC

                                       and

                              TURBOTEC PRODUCTS PLC

                                       and

                      DAWNAY, DAY CORPORATE FINANCE LIMITED

                                       and

                         ROBERT ALLAN LERMAN AND OTHERS

         --------------------------------------------------------------

                             RELATIONSHIP AGREEMENT

         --------------------------------------------------------------

                                Nabarro Nathanson
                                   Lacon House
                                 Theobald's Road
                                 London WC1X 8RW

                            Tel: +44 (0)20 7524 6000

<PAGE>

                                    CONTENTS

CLAUSE   SUBJECT MATTER                                                     PAGE

1.       DEFINITIONS...........................................................1
2.       INDEPENDENCE OF THE COMPANY...........................................3
3.       CONFLICTS OF INTEREST.................................................4
4.       RESTRICTIVE COVENANTS.................................................4
5.       CONFIDENTIALITY, INTELLECTUAL PROPERTY AND DEALINGS IN
         SHARES AND SECURITIES.................................................6
6.       PROVISION OF INFORMATION..............................................9
7.       BOARD APPOINTMENTS AND REMOVALS.......................................9
8.       ADMINISTRATION FEE...................................................10
9.       PRE-EMPTION RIGHTS...................................................11
10.      INDEMNITIES..........................................................11
11.      DURATION AND MODIFICATION OF THIS AGREEMENT..........................11
12.      GOVERNING LAW........................................................12
13.      AGENT FOR SERVICE OF PROCESS.........................................12
14.      NOTICES..............................................................12
15.      GENERAL..............................................................13

<PAGE>

AGREEMENT

DATE                                                                        2006

BETWEEN:

(1)    THERMODYNETICS, INC (incorporated in the State of Delaware, United States
       of America under the Delaware  General  Corporation  Law) whose principal
       place of business is at 651 Day Hill Road,  Windsor,  Connecticut 06095 -
       1714, USA ("PARENT").

(2)    TURBOTEC  PRODUCTS PLC  (incorporated  in England and Wales under company
       number  5593339)  the  registered  office  of  which  is  at  c/o  Capita
       Registrars,  The Registry,  34 Beckenham  Road,  Beckenham,  Kent BR3 4TU
       ("COMPANY").

(3)    DAWNAY, DAY CORPORATE FINANCE LIMITED  (incorporated in England and Wales
       under company  number  1154048) the  registered  office of which is at 15
       Grosvenor Gardens, London SW1W ODB ("NOMAD").

(4)    ROBERT ALLAN LERMAN,  JOHN FRANCIS  FERRARO,  JOHN JOSEPH HUGHES and FRED
       HELMAR SAMUELSON all of 651 Day Hill, Windsor,  Connecticut 06095, United
       States of America ("TDYT DIRECTORS").

WHEREAS:

(A)    The Company  proposes to apply for the admission of its Ordinary  Shares,
       issued and to be issued, to trading on AIM.

(B)    The Parent will hold in excess of 50 per cent. of the equity voting share
       capital of the Company immediately following Admission.

(C)    The Nomad is acting as nominated  adviser to the Company  under the terms
       of the AIM Rules.

(D)    The Parent and TDYT Directors have agreed to give certain undertakings to
       the Company and to the Nomad inter alia with respect to the  relationship
       between the Parent and the Company.

NOW IT IS AGREED AS FOLLOWS:-

1.     DEFINITIONS

       In this Agreement,  unless there is something inconsistent in the subject
       or the  context,  the  following  expressions  shall  have the  following
       meanings:-

                                                                               1
<PAGE>

       "ACTING IN CONCERT"

              has the  meaning  attributed  by the City  Code on  Takeovers  and
              Mergers;

       "ADMISSION"

              the admission of the Ordinary  Shares,  issued and to be issued in
              connection  with  the  Proposals,  to  trading  on  AIM  and  such
              admission  becoming  effective  as  provided  in rule 6 of the AIM
              Rules (and "admitted" shall be construed accordingly);

       "AGREEMENT"

              this agreement;

       "AIM"

              the market operated by the London Stock Exchange known as AIM;

       "AIM RULES"

              the rules for AIM published by the London Stock Exchange governing
              admission to and the operation of AIM;

       "ASSOCIATE"

              has the  meaning  attributed  by the City  Code on  Takeovers  and
              Mergers;

       "BOARD"

              the board of directors of the Company from time to time;

       "BUSINESS DAY"

              any day other than a Saturday,  Sunday or a day which, by law is a
              bank or legal holiday in England; the Business Day being deemed to
              begin at 9am and end at 5pm London time;

       "COMPANIES ACT"

              the Companies Act 1985;

       "COMBINED CODE"

              the Combined Code on Corporate  Governance  published in July 2003
              by the Financial Reporting Council;

       "CONTROLLING INTEREST"

              shares  carrying  votes  representing  30 per cent. or more of the
              votes capable of being cast at any general meeting of the Company;

       "GROUP"

              together, the Company and its subsidiaries from time to time;

                                                                               2
<PAGE>

       "LONDON STOCK EXCHANGE"

              London Stock Exchange plc;

       "NED COMMITTEE"

              a committee of the Board  comprising  of  non-executive  directors
              independent of the Company;

       "ORDINARY SHARES"

              ordinary shares of 1p each in the capital of the Company;

       "PARENT DIRECTORS"

              the directors from time to time of the Parent;

       "PARENT GROUP"

              the Parent and its subsidiaries and associated undertakings, other
              than any member of the Group;

       "PARTIES"

              the persons  between  whom this  Agreement  is made and any lawful
              assigns  of the  same  (and the word  "Party"  shall be  construed
              accordingly);

       "SERVICES"

              the  services  to be  provided  by the  Parent to the  Company  as
              provided for in CLAUSE 8;

       "SHARE DEALING CODE"

              the code for dealing in the Company's securities as adopted by the
              Board,  and as amended from time to time, for the purposes of Rule
              21 of the AIM Rules;

       "US"

              the United States of America,  its  territories  and  possessions,
              including the District of Columbia;

       "US SECURITIES ACT"

              means the United  States  Securities  Act of 1933 (as amended) and
              all regulations made thereunder.

2.     INDEPENDENCE OF THE COMPANY

2.1        The Parent and the TDYT  Directors  agree to, and to procure that all
           members of the Parent Group and the TDYT Directors shall:

                                                                               3
<PAGE>

2.1.1         conduct all transactions and relationships  with any member of the
              Group on arm's length terms and on a normal commercial basis;

2.1.2         exercise the voting rights  attaching to the Ordinary Shares owned
              and/or  controlled  by the  Parent or by any  member of the Parent
              Group in such a manner so as to procure  (to the extent  that they
              are able by the  exercise of such voting  rights) that each member
              of the Group is capable of  carrying  on, and does so carry on its
              business  independently of the Parent and any member of the Parent
              Group; and

2.1.3         not do anything or intentionally omit to do anything the effect of
              which would be to frustrate the Company's  compliance with the AIM
              Rules or the  operation  and  development  of the  business of the
              Group.

2.2        The Parent  undertakes  to the  Company  to (and to procure  that all
           members of the Parent Group shall) abstain from voting at any general
           meeting of the Company in respect of any  resolution  concerning  any
           contract,  arrangement  or transaction of any type between any member
           of the  Group  and any  member  of the  Parent  Group or any of their
           Associates.

2.3        The Parent  further  undertakes  to act in the best  interests of the
           Group.

3.     CONFLICTS OF INTEREST

3.1        The  Company  and the  Parent  agree  that no  material  transaction,
           arrangement  or  agreement   (material  for  those  purposes  meaning
           material to the business of the relevant member of the Group) between
           any  member of the Group and  either  the Parent or any member of the
           Parent Group shall be entered into, amended, terminated or any action
           taken to enforce or release any provision  thereof  without the prior
           approval of the NED Committee.

3.2        The Company and the Parent agree that all  decisions  relating to the
           enforcement of the Company's rights under this or any other agreement
           between it and the Parent as a member of the Parent's  Group shall be
           taken independently of the Parent Group.

3.3        The NED Committee shall have power to:

3.3.1         review and approve all matters  concerning the Group as may relate
              to the Parent Group;

3.3.2         monitor transactions, dealings and arrangements between the Parent
              Group and the Group and their respective Associates;

3.3.3         monitor, police and enforce the application of this Agreement.

4.     RESTRICTIVE COVENANTS

4.1        The Parent agrees that during the  continuance  of this Agreement and
           for a period of 12 months  from the  termination  of this  Agreement,
           neither the Parent nor any

                                                                               4
<PAGE>

           individual  or entity  acting  through or on behalf of Parent  shall,
           directly or indirectly,  conduct, operate or hold any interest in any
           business  which  competes with the Company or any member of the Group
           in the US or  Canada in the  manufacture  of high  performance,  high
           quality heat  exchangers,  fabricated  metal  components and flexible
           connector  products for heat transfer,  transportation,  and plumbing
           applications;

4.2        The Parent agrees that during the  continuance  of this Agreement and
           for a period of 12 months  from the  termination  of this  Agreement,
           neither  Parent nor any  individual  or entity  acting  through or on
           behalf of Parent  shall,  directly or  indirectly,  solicit  business
           from, or provide goods or services to, any customer of the Company or
           any  member of the Group in the US or Canada for the  manufacture  of
           high  performance,  high quality heat  exchangers,  fabricated  metal
           components  and  flexible   connector  products  for  heat  transfer,
           transportation, and plumbing applications;

4.3        The Parent agrees that during the  continuance  of this Agreement and
           for a period of 12 months  from the  termination  of this  Agreement,
           neither the Parent nor any  individual or entity acting through or on
           behalf of the Parent shall, directly or indirectly,  recruit, solicit
           or otherwise  induce any  employee,  consultant,  contractor or other
           personnel  of the Company or of any member of the Group to  terminate
           his or her  working  relationship  with the  Company or member of the
           Group;

4.4        In consideration of their continued employment by the Parent, each of
           the TDYT Directors also personally  agrees that, and the Parent shall
           ensure that any other  member of the Board,  also  personally  agrees
           that:

4.4.1         whilst he remains a director of TDYT and for a period of 12 months
              from ceasing to be such a director,  neither such Director nor any
              individual or entity acting  through or on behalf of such Director
              shall,  directly  or  indirectly,  conduct,  operate  or hold  any
              interest in any business  which  competes  with the Company or any
              member of the Group in the US or Canada in the manufacture of high
              performance,  high  quality  heat  exchangers,   fabricated  metal
              components  and flexible  connector  products  for heat  transfer,
              transportation,   and   plumbing   applications;    however,   the
              restrictions  in this  clause  4.4.1  shall  not  prohibit  a TDYT
              Director  from making stock market  purchase  transactions  in any
              competitive  business,  not  exceeding  3 per  cent of the  issued
              securities  of any specific  quoted  company,  effected  through a
              broker;

4.4.2         whilst he remains a director of TDYT and for a period of 12 months
              from ceasing to be such a director,  neither such Director nor any
              individual or entity acting  through or on behalf of such Director
              shall,  directly or indirectly,  solicit business from, or provide
              goods or services to, any customer of the Company or any member of
              the  Group  in  the US or  Canada  for  the  manufacture  of  high
              performance,  high  quality  heat  exchangers,   fabricated  metal
              components  and flexible  connector  products  for heat  transfer,
              transportation, and plumbing applications; and

4.4.3         whilst he remains a director of TDYT and for a period of 12 months
              from ceasing to be such a director,  neither such Director nor any
              individual or entity acting

                                                                               5
<PAGE>

              through  or  on  behalf  of  such  Director  shall,   directly  or
              indirectly,  recruit,  solicit or otherwise  induce any  employee,
              consultant, contractor or other personnel of the Company or of any
              member of the Group to terminate  his or her working  relationship
              with the Company or member of the Group;

4.5        The Parent and each TDYT Director  agrees that during the continuance
           of this  Agreement and for a period of 12 months from  termination of
           this Agreement  neither TDYT nor any TDYT Director nor any individual
           or entity  acting  through or on behalf of any TDYT  Director  shall,
           directly or  indirectly,  be interested in any aspect of the business
           using a name or trading  style in which any part of the name or style
           of  Turbotec  appears or occurs and will not  knowingly  during  such
           period lend his support  directly or  indirectly to any such business
           using such name or trading name or style.

4.6        Nothing  contained  in this  CLAUSE 4 shall  operate so as to prevent
           John Hughes from  continuing to be interested in East Windsor Welding
           Inc.

5.     CONFIDENTIALITY,   INTELLECTUAL  PROPERTY  AND  DEALINGS  IN  SHARES  AND
       SECURITIES

5.1        The  Parent   acknowledges  that,  in  the  course  of  its  business
           relationship  with the Company,  it may be provided with Confidential
           Information  about the Company  and/or the members of the Group which
           is not  publicly  available  and not  generally  known or used by the
           Company's  competitors,  and which could be harmful to the Company if
           disclosed  outside of the Company.  Confidential  Information of this
           nature  may take the form of  documents,  be  stored  or  transmitted
           electronically,  or exist in spoken  words only;  what matters is the
           information  itself,  not the way in which it is stored or  conveyed.
           This  Confidential  Information  may also  rise to the level of trade
           secrets (as defined by applicable law).

5.2        The  Company  acknowledges  that,  in  the  course  of  its  business
           relationship  with the Parent,  it may be provided with  Confidential
           Information  about the Parent  and/or the members of the Parent Group
           which is not publicly  available and not  generally  known or used by
           the Parent's competitors, and which could be harmful to the Parent if
           disclosed  outside of the Company.  Confidential  Information of this
           nature  may take the form of  documents,  be  stored  or  transmitted
           electronically,  or exist in spoken  words only;  what matters is the
           information  itself,  not the way in which it is stored or  conveyed.
           This  Confidential  Information  may also  rise to the level of trade
           secrets (as defined by applicable law).

5.3        In particular,  the "Confidential  Information" identified in CLAUSES
           5.1 and 5.2 above  includes,  but is not  limited  to, the  following
           types of  information  pertaining to the business of the Parent,  the
           Parent Group, the Company and the Group:

5.3.1         technical  information,  such as product performance,  testing and
              related data; and research and development plans and results;

                                                                               6
<PAGE>

5.3.2         product  information,  such as  non-public  details of products or
              services  currently  being offered or  potentially  to be offered,
              plans, drawings and specifications;  and performance capabilities,
              strengths and weaknesses;

5.3.3         financial information, such as material costs; supplier and vendor
              information; overhead costs; profit margins; banking and financing
              information; and pricing policies;

5.3.4         organisational  information,  such as  personnel  and salary data;
              information  concerning the  utilisation  of  facilities;  merger,
              acquisition and expansion information;  and equipment and resource
              allocation and consumption information;

5.3.5         marketing and sales information, such as licensing,  marketing and
              sales techniques and data; customer lists;  customer data, such as
              their personnel, financial and account status; product development
              and  delivery  schedules;   market  research  and  forecasts;  and
              marketing and advertising plans, techniques and budgets; and

5.3.6         advertising  information,  such as  pricing  strategies;  specific
              advertising  initiatives,  programs  and  strategies  utilised and
              contemplated; and the success or lack of success of those programs
              and strategies.

5.4        Therefore,   the  Parent  agrees  that  it  shall  not,  directly  or
           indirectly,   disclose  or  use  any  such  Confidential  Information
           provided to it by the Company,  without any  limitation  in time,  or
           until such  information  shall have become public by means other than
           the Parent's unauthorised disclosure or use.

5.4.1         The Parent  likewise  undertakes  that it shall not share with any
              member  of the  Parent  Group  any such  Confidential  Information
              provided to it by the Company  unless such member(s) of the Parent
              Group has (have) agreed to treat the Confidential Information with
              at least the same level of confidentiality.

5.4.2         The Parent  likewise  undertakes  that it shall not share with any
              Parent  Director or TDYT  Director,  officer or employee  any such
              Confidential Information provided to it by the Company unless such
              director(s)   has   (have)   agreed  to  treat  the   Confidential
              Information with at least the same level of confidentiality.

5.5        Therefore,  the  Company  agrees  that  it  shall  not,  directly  or
           indirectly,   disclose  or  use  any  such  Confidential  Information
           provided to it by the  Parent,  without any  limitation  in time,  or
           until such  information  shall have become public by means other than
           the Company's unauthorised disclosure or use.

5.5.1         The Company  likewise  undertakes that it shall not share with any
              member of the Group any such Confidential  Information provided to
              it by the Parent  unless  such  member(s)  of the Group has (have)
              agreed to treat  the  Confidential  Information  with at least the
              same level of confidentiality.

5.5.2         The Company  likewise  undertakes that it shall not share with any
              Board   member,   officer  or  employee   any  such   Confidential
              Information  provided  to it  by  the

                                                                               7
<PAGE>

              Parent unless such Board  member(s) has (have) agreed to treat the
              Confidential   Information   with  at  least  the  same  level  of
              confidentiality.

5.6        The Parent and the  Company  additionally  understand  and agree that
           certain Confidential Information may require the enactment of further
           protective   measures   regarding  the  proper   functioning  of  the
           securities  marketplace.  Specifically,  the Parent  and the  Company
           agree  as  follows  with  regard  to the  treatment  of  Confidential
           Information  which rises to the level of material,  non-public and/or
           price-sensitive information relating to the Parent or the Company:

5.6.1         The Parent  will adopt rules and  company  policies  (and the TDYT
              Directors  will observe the same)  prohibiting  the Parent and its
              directors  and any of its  employees,  together with any directors
              and  employees  of any  member of the Parent  Group,  who may have
              access to price sensitive  information  relating to the Company or
              any member of the Group,  from dealing in the  Ordinary  Shares or
              other  securities of the Company,  except in  accordance  with the
              Share Dealing Code and then only in conformity  with  restrictions
              on resales of securities into the US under the US Securities Act;

5.6.2         The Company will adopt rules and company  policies (and members of
              the  Board  and  other  senior  officers  will  observe  the same)
              alerting and  instructing  its directors and any of its employees,
              together  with any  directors  and  employees of any member of the
              Group, who may have possession of material, non-public information
              relating to the Parent or any member of the Parent Group, that the
              possession  of  such  information  may  impact  their  ability  to
              purchase  or sell the  common  stock or  other  securities  of the
              Parent.

5.7        Each of the Parent and the TDYT  Directors  undertakes  that it or he
           will not assert any rights in opposition to the intellectual property
           rights of the members of the Group

5.8        Each of the  TDYT  Directors  undertakes  that he will  not and  will
           procure that no Connected  Person,  within the meaning of Section 839
           Income and Corporation Taxes Act 1988, shall:

5.8.1         dispose of any  interest in any shares in the common  stock of the
              Parent for a period of 12 months from the date of Admission; nor

5.8.2         dispose of any such interest for a period of 12 months  thereafter
              except with the prior written consent of the Nomad,  which consent
              shall not be unreasonably withheld or delayed,

           and for these purposes,  the expression "dispose" shall extend to any
           sale, transfer,  charge,  pledge,  encumbrance or grant of any option
           over or in  respect  of or an  agreement  to do any of  these  things
           (whether oral or in writing).

5.9        Nothing in CLAUSE 5.6 shall  operate  so as to prevent  disposals  of
           shares  of common  stock of the  Parent  by  Robert  Lerman  and John
           Ferraro up to 100,000  shares  each in  accordance  with  permissions
           granted by the  Securities  Exchange  Commission  in the US  PROVIDED
           ALWAYS that the relevant TDYT Director  shall have consulted

                                                                               8
<PAGE>

           with the Nomad suitably in advance of any such dealing with a view to
           ensuring the maintenance of an orderly market in the Ordinary Shares.

5.10       The Parent will not,  directly or indirectly,  offer,  sell,  pledge,
           contract  to sell  (including  any short  sale),  grant any option to
           purchase,   enter  into  any  hedging  transaction  relating  to,  or
           otherwise  dispose  of,  any  Ordinary  Shares  held by it  from  the
           effective  date of this  Agreement  until one year from the date that
           the  Ordinary   Shares  are  first  offered  to  persons  other  than
           distributors,  or the  date  of the  closing  of any  such  offering,
           whichever  is  later,  and  thereafter  only in  compliance  with the
           registration  provisions  of the US  Securities  Act or an  exemption
           therefrom.

5.11       Nothing  herein  contained  shall  relieve or restrict any Party from
           observing  their legal or regulatory  disclosure  requirements to the
           London Stock Exchange,  the Securities  Exchange Commission in the US
           or  to  any  other  governmental,   quasi-governmental  statutory  or
           regulatory  body or  institution or court in the UK, the US or in any
           other jurisdiction whatsoever.

5.12       The Parent shall not purchase or subscribe for any Ordinary Shares so
           as to increase the number of Ordinary Shares held by the Parent as at
           the  date on or about  May 8,  2006  being  the  anticipated  date of
           Admission without the prior written consent of the Nomad.

6.     PROVISION OF INFORMATION

6.1        The Parent and the  Company,  both being  reporting  companies,  will
           endeavour  to ensure  that  announcements  to be made by them,  where
           there is a degree of mutuality, are made simultaneously.

6.2        Each of the  Parent and the  Company  undertakes  to provide  (and to
           procure the provision by their  respective  subsidiaries of) all such
           information  as may  reasonably  be requested by the other  regarding
           themselves  and their affairs as may be  appropriate  to fulfil their
           respective regulatory obligations.

6.3        Neither  the Parent nor the  Company  shall  have  liability  for the
           accuracy of information supplied by the one to the other, save in the
           case of fraud, wilful default or gross negligence.

7.     BOARD APPOINTMENTS AND REMOVALS

7.1        The Parent and the Company agree that the Company shall be managed by
           the Board in  accordance  with the  articles  of  association  of the
           Company (from time to time) and all  applicable  laws for the benefit
           of the shareholders of the Company as a whole.

7.2        It is acknowledged that Anthony Charles Mirabella is a representative
           of the Parent on the Board. In the event that Mr Mirabella retires or
           resigns  from the Board,  the Parent  shall be entitled to nominate a
           substitute  director,  not  being  either  of  Robert

                                                                               9
<PAGE>

           Lerman or John Ferraro,  being a person acceptable to the nominations
           committee  of the Board  (whose  consent  shall  not be  unreasonably
           withheld  or  delayed).  The Parent  shall be  entitled to request in
           writing the removal of any director  appointed/nominated by it to the
           Board  but may not  appoint  any  replacement  director  to the Board
           without  the  approval  of  the  nominations  committee  (not  to  be
           unreasonably  withheld or  delayed).  Notwithstanding  the  preceding
           provisions of this clause,  all matters  concerning  appointments and
           re-elections  to the  Board  shall  be for the  determination  of the
           nominations   committee   of  the  Board  save  for  the   directors'
           remuneration which shall be for the determination of the remuneration
           committee of the Board.

7.3        Otherwise,  the Parent agrees to exercise its voting rights attaching
           to the  Ordinary  Shares  in its  control  (and to  procure  that any
           members of the Parent Group  exercise the voting rights  attaching to
           the Ordinary  Shares in their control) in such a manner as to procure
           (to the extent  possible by the exercise of such voting  rights) that
           there will  always be at least a  majority  of the  directors  on the
           Board and on any  committee of the Board who are free of any business
           or other  relationship  with the  Parent and any member of the Parent
           Group which could  interfere  with the exercise of their  independent
           judgement  in  matters  concerning  the  Parent and any member of the
           Parent  Group.  For the  avoidance of doubt,  the Parent shall not be
           entitled to appoint or remove any director to or from the Board other
           than  in  accordance  with  clause  7.2 of  this  Agreement.  For the
           avoidance of doubt, any director nominated by the Parent under clause
           7.2 of this Agreement and appointed to the Board shall be eligible to
           serve on any committee of the Board.

7.4        It is to be noted  that all  members  of the  Board  are  subject  to
           retirement by rotation in  accordance  with the terms of the articles
           of association of the Company.

8.     ADMINISTRATION FEE

8.1        During the continuance of this Agreement the Company shall pay to the
           Parent an annual  administration fee of $460,000 for the provision by
           the  Parent to the  Company of various  support  services,  as may be
           agreed  from  time to  time.  Part of such  consideration  will be to
           ensure,  so far as  possible  that the  Parent  has  sufficient  cash
           resources to maintain its status as a publicly quoted US company. The
           administration  fee will be paid monthly in arrears,  payable against
           production of an invoice by the Parent.  The administration fee shall
           be deemed to be  inclusive of any  taxation or similar  levy.  To the
           extent that the Parent  receives any  dividend or other  distribution
           from the Company,  the  administration fee shall abate on a US dollar
           for US dollar basis (such dividend or distribution  being  calculated
           at its gross and not net  amount).  In the event  that the  amount of
           dividend  or  other  distribution  payable  in  respect  of  any  two
           consecutive   fiscal   years   equals  or  exceeds  the  sum  of  the
           administration  fee  (together  with  any  increase  to  the  fee  in
           accordance with clause 8.3 below) the  administration fee shall cease
           to be payable thereafter.

                                                                              10
<PAGE>

8.2        In consideration of the payment of the administration  fee, the Board
           may require the Parent to provide, from time to time, services to the
           Company at no additional charge unless otherwise agreed in writing.

8.3        The  administration  fee  will be  increased  annually  in line  with
           increases  in the US  Department  of LIBOR  Consumer  Price Index for
           Urban Wage  Earners  (CPI-W) for the New York,  Northern  New Jersey,
           Long Island (NY-NJ, CT, PA) region.

8.4        For so long as the  administration  fee continues to be payable under
           clause  8.1  above,   the  Company  shall  provide   information  and
           administration  services,  from time to time, to the Parent to assist
           it in the preparation of financial statements,  public filings in the
           US, bookkeeping,  and bank checking account  management.  The Company
           shall  provide  such  services  only to the same  extent that it, its
           officers or employees have historically provided such services to the
           Parent prior to the date of this Agreement.  Unless  otherwise agreed
           in writing, such assistance shall be at no cost to the Parent and any
           additional  services  shall be subject to such charges as the Company
           and the  Parent  may  agree.  If, in the  reasonable  opinion  of the
           Company,  the  services it is required to provide to the Parent under
           this clause 8.4 are substantially in excess of the levels provided to
           the Parent prior to the date of this Agreement,  the Parent shall pay
           the Company such a fee for such  services as may be agreed in writing
           between the Company and the Parent.

9.     PRE-EMPTION RIGHTS

       The Parent  undertakes  with the  Company and with the Nomad that it will
       not  exercise  (or permit the  exercise  of) any votes  attaching  to any
       shares in the Company which it directly or indirectly  controls in favour
       of any  resolution  to give the Board  authority  under Section 80 of the
       Companies Act 1985 to allot shares in the Company or in  accordance  with
       Section 95 of the Companies Act to disapply any pre-emption  rights which
       shareholders  in the Company  may have,  in each case  otherwise  than in
       accordance with the guidelines published by the Investment  Committees of
       the  Association  of British  Insurers  and the National  Association  of
       Pension Funds from time to time.

10.    INDEMNITIES

       The Parent undertakes to indemnify and keep the Company and the Company's
       Group  fully  indemnified  against  all and any  liabilities  arising  in
       respect of the  liabilities  or  obligations  of any member of the Parent
       Group  whether in  respect  of  guarantees,  warranties,  indemnities  or
       otherwise.

11.    DURATION AND MODIFICATION OF THIS AGREEMENT

       This Agreement shall come into effect from the date of Admission and will
       continue in effect,  unless  otherwise  agreed in writing by the Parties,
       for so long as the Parent  directly or indirectly  owns and/or controls a
       Controlling Interest, provided always that

                                                                              11
<PAGE>

       on  termination,  the Parent and the Company will  negotiate  the ongoing
       provision of  appropriate  Services to the Company and  provided  further
       that any termination of this Agreement shall be without  prejudice to any
       indemnities given hereunder and any antecedent breach hereof.

12.    GOVERNING LAW

       This  Agreement  shall be governed by and  construed in  accordance  with
       English law and the Parties submit to the exclusive  jurisdiction  of the
       High  Court in  London  in the  interpretation  and  enforcement  of this
       Agreement,  providing  that nothing herein shall operate so as to prevent
       either or both of the  Company  and the Nomad from  bringing  enforcement
       proceedings in any other jurisdiction of their choosing.

13.    AGENT FOR SERVICE OF PROCESS

       Each of the TDYT and TDYT directors  hereby  irrevocably  appoint Jordans
       Limited at 20-22  Bedford Row London WC1R 4JS, to receive,  for it or him
       on its or his behalf,  service of process in any  proceedings in England.
       Such service shall be deemed  completed on delivery to such process agent
       (whether or not it is forwarded to and received by TDYT or relevant  TDYT
       Directors  as the case may be).  If for any  reason  such  process  agent
       ceases to be able to act as such or no longer has an address in  England,
       each of TDYT and the TDYT Directors hereby  irrevocably agrees to appoint
       a  substitute  process  agent  acceptable  to the other  parties  to this
       Agreement  and  shall  immediately  notify  the  other  Parties  of  such
       appointment  and  deliver to the other  Parties a copy of the new agent's
       acceptance of that appointment  within 30 days.  Nothing shall effect the
       right to serve process in any other manner permitted by the law. Any such
       service of proceedings in accordance  with this clause 13 shall be copied
       to Kenneth B. Lerman,  P.C. at 651 Day Hill Road,  Windsor,  Connecticut,
       USA.

14.    NOTICES

14.1       Any notice or other  communication given or made under this Agreement
           shall be in  writing  and  shall be  delivered  by hand or fax to the
           address and for the attention of the relevant party set out in CLAUSE
           14.3 (or as otherwise  notified by that party in accordance with that
           clause).

14.2       Any such notice shall be deemed to have been received:

14.2.1        if delivered by hand, at the time of delivery; or

14.2.2        if delivered by fax, at the time of transmission

           provided that if deemed receipt occurs before 9.00 a.m. on a business
           day the notice shall be deemed to have been  received at 9.00 a.m. on
           that day, and if deemed  receipt occurs after 5.00 p.m. on a business
           day, or on any day which is not a business  day,  the notice shall be
           deemed to have been received at 9.00 a.m. on the next business day.

                                                                              12
<PAGE>

14.3       The  addresses  and fax numbers of the  parties  for the  purposes of
           CLAUSE 14.1 are:

           The Parent and the TDYT Directors:

           Address:                 651 Day Hill Road
                                    Windsor
                                    Connecticut 06095
                                    USA

           For the attention of:    Robert Lerman

           Fax number:              +1 860 285 0139
                                    (and  copied  thereafter  by hand to Kenneth
                                    Lerman at  Kenneth B Lerman,  P.C.,  651 Day
                                    Hill Road,
                                    Windsor, Connecticut, USA.

           Nomad and the Company:

           Address:                 17 Grosvenor Gardens
                                    London SW1W 0BD

           For the attention of:    Rod Venables

           Fax number:              +44 (0) 207 509 4575

           or such other  address or fax  number as may be  notified  in writing
           from time to time by the  relevant  party to the other  parties.  Any
           such  change to the place or fax number of service  shall take effect
           five  business  days after  notice of the change is  received  or (if
           later) on the date (if any)  specified  in the  notice as the date on
           which the change is to take place.

14.4       In proving  service it shall be sufficient to prove that the envelope
           containing the notice was properly addressed and delivered or, in the
           case of fax,  that the fax was properly  addressed  and disclosed the
           number  of  pages  transmitted  on  its  front  sheet  and  that  the
           transmission  report indicates that each of the pages of the fax were
           received at the relevant fax number.

15.    GENERAL

15.1       The failure, omission or delay by any Party on any occasion to insist
           upon the  performance  of any term,  provision  or  condition of this
           Agreement  or to  exercise  any  right,  power,  privilege  or remedy
           conferred by this Agreement  shall not thereby be treated as a waiver
           of any related breach or an acceptance of any consequential variation
           nor shall it impair any such right,  power,  privilege  or remedy nor
           shall any single or partial  exercise or waiver of any right,  power,
           privilege or remedy preclude its further  exercise or the exercise of
           any  other  right or  remedy.  The  rights,  powers,  privileges  and
           remedies of the Parties provided in this Agreement are cumulative and
           not  exclusive  of any rights or remedies  provided by law.

                                                                              13
<PAGE>

15.2       The Parties  shall do all such things and sign all such  documents as
           may be  reasonably  necessary  to give  effect  to the  terms of this
           Agreement.

15.3       Save in  respect of any  successor  to the Nomad in the  capacity  of
           nominated  adviser under the AIM Rules,  no term of this Agreement is
           enforceable  pursuant to the Contracts  (Rights of Third Parties) Act
           1999 by any person not a party to it.

15.4       This Agreement may be entered into in any number of counterparts  and
           by the Parties on separate counterparts,  each of which when executed
           and delivered shall be an original,  but all the  counterparts  shall
           together  constitute one and the same instrument.  This Agreement may
           be exchanged by fax.

15.5       If any  provision  of this  Agreement  proves to be void,  illegal or
           unenforceable, such provision shall be deemed to be deleted from this
           Agreement  and  the  remaining  provisions  of this  Agreement  shall
           continue in full force and effect. Notwithstanding the foregoing, the
           parties to this Agreement shall thereupon  negotiate in good faith in
           order to agree the terms of a mutually  satisfactory  provision to be
           substituted  for the  provision  so  found  to be  void,  illegal  or
           unenforceable.

15.6       Nothing in this Agreement shall constitute or be deemed to constitute
           a partnership between any of the Parties.

15.7       This  Agreement may be amended by agreement in writing  signed by the
           Parties.

15.8       The rights and  obligations of the Parties or any of them shall enure
           for the  benefit of, be  enforceable  against and shall be binding on
           their respective personal  representatives,  successors,  estates and
           assigns.

15.9       The various Clauses,  sub-clauses,  paragraphs and  sub-paragraphs of
           this   Agreement  are  severable  and  if  any  of  the  same  or  an
           identifiable  part thereof is held to be invalid or  unenforceable in
           any  court  of  competent   jurisdiction   then  such  invalidity  or
           unenforceability  shall not affect the validity or  enforceability of
           the  remaining  provisions  or  identifiable  parts  thereof  in this
           Agreement.

AS WITNESS the  signatures  of the parties  hereto the day and year first before
written.

EXECUTED as a DEED                  )   THERMODYNETICS, INC.
by THERMODYNETICS, INC              )
acting by                           )
                                        /s/ .............................
                                        Robert A Lerman, President :

                                                                              14
<PAGE>

EXECUTED as a DEED                  )
by TURBOTEC PRODUCTS PLC            )
acting by     :                     )

                                            /s/
                                        Director

                                            /s/
                                        Director/Secretary

EXECUTED as a DEED                  )
By DAWNAY, DAY CORPORATE FINANCE    )
LIMITED acting by:                  )

                                            /s/
                                        Director

                                            /s/
                                        Director/Secretary

SIGNED by ROBERT ALLAN LERMAN       )   /s/
As witness by:                      )

Witness
Signature:
Name:
Address:

Occupation:

SIGNED by JOHN FRANCIS FERRARO      )   /s/
As witness by:                      )

Witness
Signature:
Name:
Address:
Occupation:

                                                                              15
<PAGE>

SIGNED by JOHN JOSEPH HUGHES        )   /s/
As witness by:                      )

Witness
Signature:
Name:
Address:

Occupation:

SIGNED by FRED HELMAR SAMUELSON     )   /s/
As witness by:                      )

Witness
Signature:
Name:
Address:

Occupation:

                                                                              16EX-10.3

                                                               FINAL AGREED FORM
                                                                      (07/05/04)

                       [TO BE EXECUTED AND KEPT OFF SHORE]

                                   DATED 2006
         --------------------------------------------------------------

                              THERMODYNETICS, INC.

                                       and

                            TURBOTEC PRODUCTS LIMITED

         --------------------------------------------------------------

                     AGREEMENT FOR THE SALE AND PURCHASE OF
                       THE ENTIRE ISSUED SHARE CAPITAL OF
                             TURBOTEC PRODUCTS, INC.

         --------------------------------------------------------------

                                Nabarro Nathanson
                                   Lacon House
                                 Theobald's Road
                                 London WC1X 8RW

                            Tel: +44 (0)20 7524 6000

<PAGE>

                                    CONTENTS

CLAUSE   SUBJECT MATTER                                                     PAGE

1.       DEFINITIONS...........................................................1
2.       INTERPRETATION........................................................3
3.       SALE AND PURCHASE.....................................................3
4.       CONSIDERATION.........................................................4
5.       COMPLETION............................................................4
6.       WARRANTIES............................................................5
7.       INDEMNITIES...........................................................5
8.       COSTS.................................................................6
9.       POST-COMPLETION.......................................................6
10.      FURTHER ASSURANCE.....................................................6
11.      VARIATION.............................................................6
12.      ENTIRE AGREEMENT......................................................6
13.      WAIVERS AND REMEDIES..................................................7
14.      SEVERABILITY..........................................................7
15.      SUCCESSORS............................................................7
16.      ASSIGNMENT............................................................7
17.      THIRD PARTY RIGHTS....................................................7
18.      COUNTERPARTS..........................................................7
19.      NOTICES...............................................................8
20.      LAW AND JURISDICTION..................................................8
         SCHEDULE 1 Details of the Company....................................10
         SCHEDULE 2 Warranties................................................11

                                       i
<PAGE>

                    AGREEMENT FOR SALE AND PURCHASE OF SHARES

DATE

PARTIES

(1)    Thermodynetics,  Inc.  a company  incorporated  in the State of  Delaware
       under the Delaware  General  Corporation  Law, whose  principal  place of
       business is at 651 Day Hill Road, Windsor, Connecticut 06095-1714, United
       States of America (the "SELLER"); and

(2)    TURBOTEC  PRODUCTS  LIMITED  (incorporated  and registered in England and
       Wales under company number 5593339) the registered  office of which is at
       c/o Capita Registrars,  The Registry, 34 Beckenham Road, Beckenham,  Kent
       BR3 4TU (the "PURCHASER").

IT IS AGREED AS FOLLOWS:

1.     DEFINITIONS

       In this agreement, the following definitions apply:

       "ADMISSION"

              means admission of the  Purchaser's  ordinary shares to trading on
              AIM and such admission  becoming effective in accordance with Rule
              6 of the AIM Rules;

       "AIM"

              means the market  operated by the London Stock  Exchange  known as
              AIM;

       "AIM RULES"

              means the rules of AIM  published  by the  London  Stock  Exchange
              governing admission to and the operation of AIM;

       "COMPANY"

              means  Turbotec  Products,  Inc.,  details of which are set out in
              Schedule 1;

       "COMPLETION"

              means  unconditional  completion  of the sale and  purchase of the
              Shares in accordance with CLAUSE 5;

       "CONSIDERATION"

              means the consideration payable by the Purchaser to the Seller for
              the Shares as set out in CLAUSE 4;

                                       1
<PAGE>

       "CONSIDERATION SHARES"

              means  the o  ordinary  shares  of op each in the  capital  of the
              Purchaser to be allocated and issued pursuant to CLAUSE 4;

       "ENCUMBRANCE"

              means any mortgage,  charge,  pledge,  lien, option,  restriction,
              right  of  first  refusal,  right of  pre-emption,  claim,  right,
              interest or  preference  granted to any third party,  or any other
              encumbrance, security interest or adverse right of any kind (or an
              agreement or commitment to create any of the same);

       "GROUP"

              means the  Purchaser  and the Company and any other  subsidiary of
              the Purchaser;

       "LEASES"

              means the leases granted to Turbotec  Products,  Inc in respect of
              (1) 651 Day Hill Road, Windsor  Connecticut,  USA and (2) 50 Baker
              Hollow Road, Windsor,  Connecticut, USA, each of which are for a 5
              year term.

       "SHARES"

              means the 100 shares of common  stock of no par value,  all issued
              fully paid in the capital of the Company held by the Seller;

        "TAX"

              means any form of tax, duty, impost charge, withholding or levy of
              any nature  whatsoever,  wherever in the world  created or imposed
              which are collected and administered by any Tax Authority,  in all
              cases together with incidental or supplemental penalties, charges,
              interest, fines, default surcharges and costs;

       "TAX AUTHORITY"

              any  local,  municipal,  governmental,  state,  federal or fiscal,
              revenue,  customs or excise  authority in relation to Tax anywhere
              in the world;

       "TRADEMARKS ASSIGNMENT AGREEMENT"

              means the trademarks  assignment  agreement between (1) the Seller
              and (2) Turbotec  Products,  Inc in respect of a UK and Australian
              registered trademark and a pending EU trademark application; and

       "WARRANTIES"

              means the warranties, representations and undertakings made by the
              Seller in CLAUSE  6.1 in  relation  to the  statements  set out in
              Schedule 2.

                                       2
<PAGE>

2.     INTERPRETATION

2.1        In this agreement:

2.1.1         the contents page and clause headings are for convenience only and
              do not affect its construction;

2.1.2         words  denoting the singular  include the plural and the other way
              round;

2.1.3         words denoting one gender include each gender and all genders; and

2.1.4         general words shall not be given a  restrictive  meaning by reason
              of  their  being  preceded  or  followed  by  words  indicating  a
              particular class or examples of acts, matters or things.

2.2        In  this  agreement,   unless  otherwise  specified  or  the  context
           otherwise requires, a reference to:

2.2.1         a  person  is to be  construed  to  include  a  reference  to  any
              individual, firm, partnership, company, corporation,  association,
              organisation  or  trust  (in each  case  whether  or not  having a
              separate legal personality);

2.2.2         a person being  connected  with another person is a reference to a
              connected person as defined in section 346 Companies Act 1985;

2.2.3         a  document,   instrument   or   agreement   (including,   without
              limitation,  this  agreement) is a reference to any such document,
              instrument or agreement as modified, amended, varied, supplemented
              or novated from time to time;

2.2.4         a provision of any statute or other legislation is to be construed
              as a reference to such  provision as amended or  re-enacted  or as
              its  application is modified from time to time (whether  before or
              after the date of this agreement) and shall include a reference to
              any  provision  of which  it is a  re-enactment  (whether  with or
              without modification) and to any orders, regulations,  instruments
              or other subordinate  legislation (and relevant codes of practice)
              made under the relevant statute or other legislation except to the
              extent that any amendment or re-enactment  coming into force after
              the date of this agreement  would increase or extend the liability
              of any party to any other person under this agreement; and

2.2.5         writing shall include any method of reproducing words in a legible
              and permanent form.

3.     SALE AND PURCHASE

3.1        The  Seller  shall  sell with  full  title  guarantee,  free from all
           Encumbrances  and  transfer,  or  procure  the  transfer  of, and the
           Purchaser shall purchase,  the Shares.  The Seller  covenants that it
           has the right to sell the Shares on the terms of this Agreement.

3.2        The Seller waives (and shall procure the waiver of) all  restrictions
           on  transfer  (including  pre-emption  rights)  which  may  exist  in
           relation to the Shares under the bylaws of the Company or otherwise.

3.3        The Purchaser shall not be obliged to complete the purchase of any of
           the Shares unless the Seller shall at the same time complete the sale
           of all of the Shares but  completion  of the

                                       3
<PAGE>

           purchase  of some of the  Shares  will not  affect  the rights of the
           Purchaser with respect to the purchase of the other Shares.

4.     CONSIDERATION

4.1        The  consideration  for the sale of the Shares shall be the allotment
           and  issue  to the  Seller  by the  Purchaser  on  Completion  of the
           Consideration Shares.

4.2        The Consideration Shares shall be allotted credited as fully paid and
           free from all  Encumbrances  and so that they rank PARI  PASSU in all
           respects with the existing issued ordinary shares in the Purchaser.

5.     COMPLETION

5.1        SELLER'S DELIVERY OBLIGATIONS

           At  Completion,  which  shall  take  place  at  the  offices  of  the
           Purchaser's  solicitors  or at such other  place as the  Parties  may
           agree  immediately  upon the  signing  hereof,  subject to clause 5.2
           below,  the Seller shall deliver,  (or procure to be delivered to the
           Purchaser (or as the Purchaser may otherwise agree));

5.1.1         the  certificates  in  respect  of the  Shares in the names of the
              Seller  endorsed  by the Seller or  accompanied  by duly  executed
              assignments,  as required by the  Purchaser,  or an  indemnity  in
              agreed form in relation to any missing certificates;

5.1.2         any waivers,  consents or other documents necessary to vest in the
              Purchaser as at Completion the full legal and beneficial  interest
              in the Shares  and to enable the  Purchaser  to be  registered  as
              owner of them,;

5.1.3         the seals,  the  certificate  of  incorporation  certified  by the
              Secretary of State of Delaware and statutory books or minute books
              and share ledgers of the Company and the bylaws of the Company and
              any operating agreement;

5.1.4         the written  consent,  waiver and release in a form  acceptable to
              the Purchaser,  from Citizens Bank to the sale and purchase of the
              Shares for all purposes;

5.1.5         the Leases duly executed; and

5.1.6         the Trademarks Assignment Agreement duly executed.

5.2        The Seller is to deliver to the  Purchaser  after  Completion of this
           agreement the opinion letter from Seyfarth Shaw LLP addressed to both
           the Purchaser and Dawnay,  Day,  Corporate  Finance Limited including
           INTER ALIA a legal opinion as to the Seller's  capacity to enter into
           this agreement;

                                       4
<PAGE>

5.2        SHARE CERTIFICATES AND COMPANY STATUTORY BOOKS

           The Seller  shall  deposit on  Completion  the items it must  deliver
           under  clauses  5.1.1,  5.1.2 and 5.1.3 into the safe  custody of the
           finance  director  of the  Purchaser,  or  such  other  party  as the
           Purchaser  subsequently  notifies to the Seller,  provided  that such
           items shall at all times be held outside of the United Kingdom.

5.3        SELLER'S PERFORMANCE OBLIGATIONS

           At  Completion,  the  Seller  shall  procure  that  meetings  of  the
           directors and shareholders of the Company (as  appropriate)  shall be
           held at which it is resolved  to approve  the  transfer of the Shares
           and  (subject  to  them  being  duly  stamped  if  appropriate)   the
           registration  of the  Purchaser  as the sole member of the Company in
           respect of the Shares.

5.4        PURCHASER'S OBLIGATIONS

           The Purchaser shall allot and issue the  Consideration  Shares to the
           Seller and  instruct  its  registrars  to prepare and  deliver  share
           certificates  in  respect  thereof  in the names of the Seller to the
           Seller.

6.     WARRANTIES

6.1        The Seller  warrants,  represents  and undertakes to the Purchaser in
           the terms of the  statements  set out in Schedule 2 as at the date of
           this agreement.

6.2        The Seller  acknowledges  that the  Purchaser  in entering  into this
           agreement has relied on the Warranties.

6.3        The  Seller  agrees  (in the  absence of fraud) to waive any right or
           remedy  which the Seller may have  against the Company or any present
           or former  director,  employee or agent of the Company in  connection
           with any representation, warranty, agreement or statement by any such
           person in relation  to this  agreement  and any other  document to be
           executed in connection with it.

6.4        Each  of  the  Warranties  shall  be  construed  as  a  separate  and
           independent provision.

7.     INDEMNITIES

7.1        The Seller  undertakes to indemnify the Purchaser  (for itself and as
           trustee for the Company and the Purchaser  hereby  declares itself to
           act  as  trustee  accordingly)  against  all or  any  Tax  liability,
           including  but  not  limited  to  any  loss,  claim  (whether  or not
           successful, compromised or settled), damages, actions and proceedings
           whatsoever  in any  jurisdiction  whatsoever  and expenses  including
           legal and professional  costs  reasonably and properly  incurred that
           the  Purchaser or the Company may incur as a result of or arising out
           of or in connection  with the  execution,  delivery or performance of
           the terms of this agreement.

7.2        The Seller  undertakes to indemnify the Purchaser  (for itself and as
           trustee for the Company and the Purchaser  hereby  declares itself to
           act as trustee accordingly) against all and any

                                       5
<PAGE>

           liability, including, but not limited to any loss, claims (whether or
           not  successful,   compromised  or  settled),  damages,  actions  and
           proceedings  whatsoever in any  jurisdiction  whatsoever and expenses
           including  legal  and  professional  costs  reasonably  and  properly
           incurred that the Purchaser or the Company has incurred or has agreed
           to incur in  respect of a  liability  of the  Seller  (whether  under
           contract or at law) on the Seller's  behalf prior to the date of this
           agreement.

8.     SHARE OPTION SCHEME

       The parties acknowledge that it is the Purchaser's intention to introduce
       a share option scheme for Group employees  following Admission in respect
       of up to 10 per cent. of its then enlarged issued share capital.

9.     COSTS

       Each of the  parties  shall pay their own costs and  expenses  (including
       legal fees and value  added tax (if any))  incurred  by it in  connection
       with the negotiation, preparation and execution of this agreement and the
       completion of the transactions contemplated by this agreement.

10.    POST-COMPLETION

       This agreement shall remain in full force and effect after  Completion in
       respect  of  all  obligations,  agreements,  covenants  and  undertakings
       contained  in or  implied  by this  agreement  which  have not been done,
       observed or  performed  at or prior to  Completion  and in respect of all
       warranties, representations and indemnities contained in this agreement.

11.    FURTHER ASSURANCE

       The Seller shall and shall procure that any third party shall do, execute
       and perform  all  further  acts,  deeds,  documents  and things as may be
       reasonably  requested  from  time to time in order to  implement  all the
       provisions of this agreement,  including without  limitation the delivery
       of all  assets  capable of  delivery  and  records of the  Company to the
       Purchaser.

12.    VARIATION

       No variation of this agreement shall be effective  unless made in writing
       and signed by or on behalf of each of the parties.

13.    ENTIRE AGREEMENT

13.1       This agreement  together with any documents referred to in it contain
           the entire  agreement  between the parties in relation to the matters
           contemplated by this agreement and supersede any previous  agreements
           between the parties in relation to such matters.

                                       6
<PAGE>

13.2       Each of the parties  confirms that in entering into this agreement it
           has  not  relied  on  any   representation,   warranty  agreement  or
           undertaking not set out in this agreement and that (in the absence of
           fraud) it will not have any claim right or remedy  arising out of any
           such representation, warranty agreement or undertaking.

14.    WAIVERS AND REMEDIES

14.1       No failure or delay to exercise,  or other  relaxation  or indulgence
           granted  in  relation  to,  any  power,  right or remedy  under  this
           agreement  shall  operate as a waiver of it or impair or prejudice it
           nor shall any  single or  partial  exercise  or waiver of any  power,
           right or remedy preclude its further  exercise or the exercise of any
           other power, right or remedy.

14.2       All rights of any person  contained in this agreement are in addition
           to all rights  vested or to be vested in it pursuant to common law or
           statute.

15.    SEVERABILITY

       Each of the  provisions of this  agreement is distinct and severable from
       the  others  and if at any  time  one or more of  such  provisions  is or
       becomes  invalid,  unlawful or  unenforceable  (whether  wholly or to any
       extent),  the validity,  lawfulness and  enforceability  of the remaining
       provisions  (or the same  provision to any other extent) shall not in any
       way be affected or impaired.

16.    SUCCESSORS

       This agreement shall be binding on and enure to the benefit of the lawful
       successors  and  permitted  assigns of each party and every other  person
       having  rights  under it by  virtue  of the  Contracts  (Rights  of Third
       Parties) Act 1999.

17.    ASSIGNMENT

       The  Purchaser  and the  Company may at any time assign any of its rights
       and/or benefits under this agreement but the Seller shall not be entitled
       to assign any of its rights or benefits under this agreement.

18.    THIRD PARTY RIGHTS

       Except as expressly provided in this agreement, nothing in this agreement
       confers  any rights on any person  under the  Contracts  (Rights of Third
       Parties) Act 1999.

19.    COUNTERPARTS

       This  agreement  may be executed in any number of  counterparts,  each of
       which  shall  be  deemed  to be an  original  and  which  shall  together
       constitute one and the same agreement.

                                       7
<PAGE>

20.    NOTICES

20.1       Each  party may give any  notice or other  communication  under or in
           connection with this agreement by letter or facsimile transmission or
           electronic mail addressed to the other party. The address for service
           of each party shall be the  address  set out above and the  facsimile
           numbers for service of each party shall be as set out below

<TABLE>
<CAPTION>
           <S>                           <C>                  <C>
           PARTY                         FACSIMILE NUMBER     MARKED FOR THE ATTENTION OF

           Thermodynetics, Inc           +1 860 285 0139      Robert Lerman and Ken Lerman

           Turbotec Products Limited     +1 860 285 0139      Robert Lieberman
</TABLE>

           or, such other address or facsimile  number for service as each party
           may from time to time notify to the other  party for the  purposes of
           this clause or in the case of the Purchaser,  its  registered  office
           from time to time.

20.2       Any such communication will be deemed to be served:

20.2.1        if personally  delivered,  at the time of delivery and, in proving
              service,  it shall be  sufficient  to  produce a  receipt  for the
              notice signed by or on behalf of the addressee;

20.2.2        if by letter,  at noon on the  Business  Day after such letter was
              posted (or, in the case of airmail,  five Business Days after such
              letter was posted) and, in proving service, it shall be sufficient
              to prove that the  letter was  properly  stamped  first  class (or
              airmail), addressed and delivered to the postal authorities;

20.2.3        if by  facsimile  transmission,  at noon on the Business Day after
              the day of  transmission  and,  in  proving  service,  it shall be
              sufficient  to produce a  transmission  report  from the  sender's
              facsimile  machine  indicating  that the facsimile was sent in its
              entirety to the recipient's facsimile number; and

20.2.4        if by  electronic  mail,  at noon on the  Business  Day after such
              message was sent and, in proving  service,  it shall be sufficient
              to produce a computer  print out  indicating  that the message was
              sent to the recipient's electronic mail address.

21.    LAW AND JURISDICTION

21.1       This  agreement  and all  disputes  or  claims  arising  out of or in
           connection  with it shall be governed by and  construed in accordance
           with English law,  providing  that nothing herein shall operate so as
           to prevent  either or both of the company and the Nomad from bringing
           enforcement proceedings in any other jurisdiction of their choosing.

21.2       In relation to any legal action or  proceedings  arising out of or in
           connection  with  this  agreement,  each of the  parties  irrevocably
           submits to the non exclusive jurisdiction of the English Courts.

19.3       The Seller hereby irrevocably appoints o at o, to receive, for it and
           on its or his  behalf,  service  of  process  in any  proceedings  in
           England.  Such service shall be deemed  completed on delivery to such
           process agent  (whether or not it is forwarded to and received by the
           Seller).  If for any reason such  process  agent ceases to be able to
           act as such or no longer has

                                       8
<PAGE>

           an  address  in  England,  the Seller  hereby  irrevocably  agrees to
           appoint a substitute  process  agent  acceptable to the Purchaser and
           shall  immediately  notify  the  Purchaser  of such  appointment  and
           deliver to the Purchaser a copy of the new agent's acceptance of that
           appointment  within 30 days.  Nothing shall affect the right to serve
           process in any other manner permitted by the law.

IN WITNESS of which this  agreement  has been duly signed and  delivered  on the
date written at the beginning of this agreement.

                                       9
<PAGE>

                                   SCHEDULE 1

                             Details of the Company

Name:                               Turbotec Products, Inc.

Registered office:                  651 Day Hill Road, Windsor, CT 06095

Date and place of incorporation:    4 April, 1978

Registered number:                  0072791

Director:                           Robert A. Lerman

President:                          Robert I. Lieberman

Secretary:                          John F. Ferraro

Authorised share capital:           5,000 common stock of no par value

Issued share capital:               100

Shareholder:                        Thermodynetics, Inc.

Accounting reference date:          31 March

                                       10
<PAGE>

                                   SCHEDULE 2

                                   Warranties

1.     CAPACITY

1.1        The Seller has the requisite  corporate  power and authority  without
           requiring  the  consent of any person to enter into and  perform  its
           obligations under this agreement. The Seller's execution and delivery
           of  this  agreement  and  the   consummation   of  the   transactions
           contemplated  hereby  have been duly and  validly  authorised  by all
           necessary  corporate action on the part of the Seller. This agreement
           has been validly  executed and delivered by an authorised  officer of
           the Seller and this  Agreement  is and shall  constitute  the legally
           valid and binding obligation of the Seller,  enforceable  against the
           Seller in accordance with its terms.

1.2        The  Seller  is  entitled  to sell and  transfer  the full  legal and
           beneficial  interest in the Shares to the  Purchaser  on the terms of
           this agreement.

1.3        The Company is a corporation duly incorporated,  validly existing and
           in good standing under the laws of the State of Connecticut,  USA and
           has the requisite  corporate  power and authority to own or lease its
           properties  and assets and to carry on all  business  activities  now
           conducted by the Company.  The Company is duly  qualified and in good
           standing (or  comparable  status) in each  jurisdiction  in which the
           nature of the Company's business or the ownership, leasing or holding
           of the Company's assets makes such qualification necessary.

2.     SHARE CAPITAL AND SCHEDULE 1

2.1        The  Seller is the  registered  holder  and  beneficial  owner of the
           Shares.

2.2        The authorised  capital stock of the Company consists of 5,000 common
           shares of no par value.  The Shares  constitute  the only  issued and
           outstanding  shares  of  capital  stock  or other  securities  of the
           Company of whatever class, series or designation. The Shares are duly
           authorised, validly issued, fully paid and non-assessable.

2.3        The Company has not entered  into any  agreement  or  commitments  to
           create  any  other  class  or group of  stockholders  other  than the
           Shares.

2.4        There are no  outstanding  subscriptions,  options,  warrants,  puts,
           rights  (including   phantom  stock  rights),   calls,   commitments,
           understandings,   conversion  rights,  rights  of  exchange,   plans,
           convertible or exchangeable securities,  or other agreements pursuant
           to which the  Company  is or may  become  obligated  to issue,  sell,
           purchase,  retire or redeem  any  shares  of  capital  stock or other
           securities of the Company.

2.5        The information set out in Schedule 1 is true,  complete and accurate
           in all respects.

                                       11
<PAGE>

3.     REGULATORY CONSENTS AND SOLVENCY

3.1        No  consent,  approval  or action  of,  filing  with or notice to any
           governmental  or  regulatory  authority  or  person is  necessary  or
           required under any of the terms,  conditions or provisions of any law
           or order of any governmental or regulatory authority or otherwise for
           the execution  and delivery of this  agreement by the Seller and such
           execution,  delivery and performance will not violate,  conflict with
           or result in a breach of any of the provisions of the  certificate of
           incorporation,  bylaws or other  comparable  documents of the Company
           and will not result in the  violation  by the  Company of any laws or
           orders of any governmental or regulatory  authority applicable to the
           Company or if any  consents or notices have been  obtained,  given or
           waived,  will  conflict with or result in a violation or breach of or
           constitute  (with  or  without  notice  of  lapse  of time or both) a
           default under or require the Company to obtain any consents, approval
           or action  of or  making  any  filing  with or give any  notice to or
           result in or give any person  any right of payment or  reimbursement,
           termination, cancellation, modification or acceleration of, or result
           in the creation or in position of any lien upon any of the  Company's
           assets  under  any of the  terms,  conditions  or  provisions  of any
           contract  to which the  Company is a party or by which the Company or
           any of its respective assets or properties.

3.2        No steps have been taken, or legal proceedings  started or threatened
           against  the Seller for its  winding-up  or  dissolution,  nor has it
           entered  into any  arrangement  or  composition  for the  benefit  of
           creditors,  or for the appointment of a receiver,  trustee or similar
           officer of any of its properties, revenues, undertakings or assets.

3.3        The Seller has not been  unable,  or admitted  in writing  that it is
           unable,  to pay its debts or has stopped or suspended (or  threatened
           to stop or  suspend)  payment  of its debts  generally,  or ceased or
           threatened  to cease  carrying  on all or a  substantial  part of its
           business.

4.     CONTRACTS

4.1        The Company is not party to any agreement  that  contains  provisions
           allowing the  counterparty  to terminate  the contract on a change of
           control of the  Company or  requiring  the  consent of any party to a
           change of control of the Company.

4.2        The  Company  has not given any  guarantee  of, or  security  for any
           overdraft,   loan  or  loan  facility   granted  to,  or  obligations
           undertaken  by the  Seller,  and the  Company  is not a party  to any
           guarantee, suretyship, indemnity or similar commitment.

5.     TAX LIABILITIES

5.1        So far as the Seller is aware, nothing contemplated by this agreement
           will give rise to a Tax liability  being incurred by the Purchaser or
           the Company.

                                       12
<PAGE>

Signed by a director, duly authorised for and on      )
behalf of TDYT                                        )     /s/
in the presence of                                    )

Witness:..............................................

Name:.................................................

Address:..............................................

.......................................................

.......................................................

Occupation:...........................................

EXECUTED as a deed by TURBOTEC                        )
PRODUCTS LIMITED                                      )
acting by:                                            )

                                                      Director     /s/

                                                      Director/Secretary     /s/

                                       13

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00103-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00103-of-00352.parquet"}]]