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                                                                   EXHIBIT 10.34

                              ENGAGEMENT AGREEMENT

THIS AGREEMENT is made the 1st day of April 2005.

BETWEEN: CONSOLIDATED WATER CO. LTD.,
                  a Cayman Islands company having its registered office at
                  Trafalgar Place, West Bay Road
                  P.O. Box 1114 GT, Grand Cayman, B.W.I.
                  ("the Company")

AND:              JOSEPH PIVINSKI
                  of 6300 NW 2nd Avenue, Apt. 310, Boca Raton, FL 33487 USA
                  (the "Senior Vice President")

IT IS HEREBY AGREED:

ENGAGEMENT

1.       Subject to satisfaction of the condition precedent in Clause 12, the
         Senior Vice President is hereby engaged as Senior Vice President and,
         subject to the next succeeding paragraph, Chief Financial Officer of
         the Company for one year nine months commencing on the 1st day of
         April, 2005 subject to the termination provisions set out in Clauses 18
         and 19 hereof and to the extension provisions set out in Clause 20
         hereof.

         The Senior Vice President will assume the title and duties of Chief
         Financial Officer on June 1st 2005 or on such earlier date as he elects
         in writing and so notifies the Chief Executive Officer ("CEO")..

REMUNERATION

2.       The Senior Vice President's remuneration will be US$108,750.00 for the
         period to 31st December 2005 and subject to Clause 5, US$145,000.00 per
         annum thereafter, in both cases payable monthly in arrears.

3.       In addition, during the term of this Agreement, the Company will pay
         the cost of providing medical insurance in the United States, with
         coverage reasonably equivalent to that generally provided for the
         Company's Cayman Islands employees from time to time, for the Senior
         Vice President and his immediate family.

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4.       In addition, during the term of this Agreement, the Company will make
         all statutory payroll contributions required of employers in the United
         States, including but not limited to FICA, Medicare, SUI, and WC in
         respect of the Senior Vice President to the appropriate United States
         regulatory agencies as mandated by applicable United States laws.

5.       The Senior Vice President's remuneration will be reviewed by the CEO as
         of January 1st each year who may grant an increase but shall not reduce
         the Senior Vice President's salary below the level set out in Clause 2
         hereof.

6.       Provided that within 90 days of the date of this Agreement (in respect
         of the year 2005) and by not later than March 31st in respect of each
         financial year of the Company commencing with the year 2006 the Senior
         Vice President and the CEO have agreed Performance Goals for that
         financial year and the Company or the Senior Vice President as the case
         may be shall meet or exceed all or some of those agreed goals the
         Senior Vice President will qualify for a Performance Bonus for that
         year of up to 25% of the Senior Vice President's base salary for that
         financial year as adjusted by Clause 5. If in any year the Company or
         the Senior Vice President meet all Performance Goals, then the
         Performance Bonus shall be the full 25% of the base salary but if only
         some Performance Goals are met, the Performance Bonus shall be such
         percentage of the maximum Performance Bonus for that year as the CEO
         shall in his absolute discretion determine.

         In respect of the year 2005, for the purpose of calculating the
         Performance Bonus, the base salary will be the amount earned from the
         date the Senior Vice President takes up his appointment as Chief
         Financial Officer as described in Clause 1 above.

         The Performance Bonus, if any, calculated aforesaid shall be paid not
         later than the following 28th February in cash.

7.       The Company will provide the Senior Vice President with a motor vehicle
         which, in the CEO's sole opinion, is suitable for the discharge of the
         Senior Vice President's duties hereunder and shall bear all expenses in
         connection with it.

RESPONSIBILITIES

8.       The Senior Vice President's work will be performed mainly in South
         Florida, United States of America.

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         The Company reserves the right to transfer the Senior Vice President to
         any other place of business which it may establish in the United States
         of America.

9.       The Senior Vice President shall devote the whole of his business time
         and attention to perform his duties hereunder and shall use his best
         endeavours to promote the Company's interests and welfare. These duties
         include responsibility for certain administrative functions in the U.S
         and providing interim financial advice and assistance to the current
         Chief Financial Officer and CEO.

         As Chief Financial Officer, the Senior Vice President will generally
         provide strategic and operational direction to the Company's financial
         function and assist the Board and senior management in establishing
         financial and operating strategic objectives and policies to ensure
         attainment of corporate objectives.

         In this regard, the Senior Vice President shall perform the duties
         commonly performed by a Senior Vice President and, subject to the
         second paragraph of clause 1, Chief Financial Officer of a United
         States publicly listed company which duties include, in conjunction
         with reasonable and appropriate subordinate staff to be provided by the
         Company, the following:-

         (a)      maintaining the accounts of the Company, its wholly-owned
                  subsidiaries and managed affiliates (collectively "the
                  Group");

         (b)      managing subordinate staff in the Group's accounting and
                  administrative departments;

         (c)      preparing and drafting all annual and quarterly financial
                  reports filed with the SEC, including financial statements and
                  disclosure included in management's discussion and analysis;

         (d)      preparing financial information required in SEC filings
                  relating to the issue by the Company of debt and/or equity,
                  including historical financial data, pro forma financial
                  statements, financial projections and other financial data
                  included in the filings;

         (e)      liaising with the Group's independent accountants and internal
                  auditors and the Company's Audit Committee, and promptly
                  preparing and communicating all information requested by the
                  independent accountants, internal auditors and the Audit
                  Committee during the course of the annual audit, quarterly
                  reviews, or any other review;

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         (f)      preparing monthly management accounts and analytical analysis
                  of monthly performance versus projections and prior periods
                  for presentation to management;

         (g)      preparing financial and other reports for various local
                  government and regulatory agencies as required in the
                  operating licences of these reporting entities, and
                  communicating that information to the CEO and the applicable
                  regulatory bodies;

         (h)      preparing bank covenant compliance calculations for the Group,
                  as required in the Company's loan agreements from time to
                  time, and communicating that information to the CEO and the
                  applicable banks;

         (i)      preparing and maintaining the consolidated budget for the
                  Group;

         (j)      assessing and maintaining the Group's disclosure controls and
                  procedures (as defined in Rule 15d-15(e) of the Securities
                  Exchange Act of 1934, as amended (the "1934 Act");

         (k)      assessing and maintaining the Group's internal control over
                  financial reporting (as defined in Rule 15d-15(f) of the 1934
                  Act;

         (l)      overseeing the supervision of subordinate accounting and
                  administrative personnel, including work allocation, training,
                  and problem resolution; evaluating performance and making
                  recommendations for personnel actions; motivating employees to
                  achieve peak productivity and performance;

         (m)      preparing corporate filings and corporate meeting minutes;

         (n)      providing such information to the Company's auditors as they
                  may require in the course of their duties;

         (o)      maintaining the Company's share register, for all classes of
                  shares, outstanding stock options, and warrants, and liaising
                  with the Company's stock transfer agent; and

         (p)      carrying out all duties reasonably required of and assigned to
                  him by the CEO, which he shall discharge in accordance with
                  directions of the CEO.

         The Senior Vice President shall perform his duties under this Agreement
         during normal business hours from Monday to Friday inclusive (save on
         bank holidays) but he accepts that his duties, which include travelling
         on the Company's business both within the United States of America and
         abroad, may, from time to time, require work to be undertaken on
         Saturdays, Sundays and bank and public holidays.

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         The Senior Vice President shall directly report to the CEO, diligently
         follow and implement all management policies and decisions which the
         CEO communicates to him, prepare and forward in a timely manner all
         reports and accountings requested by the CEO, the Board of Directors,
         or any statutory body having regulatory authority over the Company
         and/or its subsidiaries, and shall generally be responsible for the
         Company's financial management and administrative functions.

         Except when required to do so by law, the Senior Vice President shall
         not directly or indirectly knowingly engage in any activities or work
         which are deemed by the Board to be detrimental to the best interests
         of the Company.

         The Company and the Senior Vice President will enter into an
         indemnification agreement identical to that approved at the August 11,
         2004 Annual General Meeting of the Company.

10.      In case of inability to work due to illness or injury, the Senior Vice
         President shall notify the Company immediately and produce a medical
         certificate for any absence longer than ten working days.

11.      The Senior Vice President is entitled to up to ten (10) days sick leave
         per year without a medical certificate.

12.      This Agreement is conditional upon the Senior Vice President undergoing
         a medical examination in such form as is usual and customary in the
         Cayman Islands or the United States, the results of which must
         demonstrate to the CEO's satisfaction that the Senior Vice President is
         capable of performing the responsibilities set forth in Clauses 8 and
         9. The Company will meet the cost of such medical examination, or any
         amounts not covered by the Company's health insurance plan.

HOLIDAYS

13.      The Senior Vice President is entitled, during every calendar year to
         the following holidays during which his remuneration will continue to
         be payable:

         (a)      all public holidays in the United States of America but not in
                  the Cayman Islands unless the Senior Vice President is in the
                  Islands on Company business over a Cayman public holiday, and

         (b)      four (4) weeks vacation to be taken at a time to be approved
                  by the CEO.

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REIMBURSEMENT OF EXPENSES/FEES EARNED

14.      (a)      All expenses for which the Senior Vice President claims
                  reimbursement shall be in accordance with any policies
                  established by the Company from time to time and shall be
                  within the operating budgets approved by the Board of
                  Directors. The Company shall reimburse the Senior Vice
                  President for the costs incurred by the Senior Vice President
                  in his performance of his duties and responsibilities under
                  this Agreement upon production of the necessary vouchers or,
                  if he is unable to produce vouchers, on the Senior Vice
                  President proving, to the CEO's satisfaction, the amount he
                  has spent for those purposes.

          (b)     All fees and payments received by the Senior Vice President
                  for or in relation to acting as director or officer of a
                  subsidiary or affiliate of the Company shall be the property
                  of the Company and the Senior Vice President shall account to
                  the Company for the same.

NON-COMPETITION

15.      The Senior Vice President agrees, as a separate and independent
         agreement, that he will not during any period for which he has been
         remunerated hereunder, and for a period of one (1) year thereafter,
         whether for his own account or for the account of any other person,
         firm or company during the term of this Agreement, either alone or
         jointly with or as manager, agent for or employee of or as consultant
         to any person, company or firm, directly or indirectly, carry on or be
         engaged or concerned or interested in any person firm or entity who
         conducts business identical to or similar to that conducted by the
         Company in any jurisdiction in which the Company carries on business
         (whether directly or indirectly).

COMPANY INFORMATION, DOCUMENTS, CONFIDENTIALITY, AND NON-SOLICITATION

16.      (a)      All information, documents, books, records, notes, files,
                  memoranda, reports, customer lists and other documents, and
                  all copies of them, relating to the Company's business or
                  opportunities which the Senior Vice President keeps, prepares
                  or conceives or which become known to him or which are
                  delivered or disclosed to him or which, by any means come into
                  his possession, and all the Company's property and equipment
                  are and will remain the Company's sole and exclusive property
                  both during the term of this Agreement and after the
                  termination or expiration hereof;

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         (b)      If this Agreement is terminated for any reason, or if the
                  Company at any time requests, the Senior Vice President must
                  promptly deliver to the Company the originals and all copies
                  of all relevant documents that are in his possession, custody
                  or control together with any other property belonging to the
                  Company, provided, however, that should the Senior Vice
                  President require access to copies of such documents for any
                  reasonable purpose, the Company shall provide the same at his
                  request;

         (c)      The Senior Vice President shall not, at any time during the
                  term of this Agreement or within one year after its
                  termination or expiration, either for his own account or for
                  the account of any other person, firm or company, solicit,
                  interfere with or endeavour to entice away from the Company
                  any person, firm or company who, at any time during the
                  currency of this Agreement were employees, customers or
                  suppliers of or were in the habit of dealing with the Company.

17.      Except where such information is a matter of public record or when
         required to do so by law, the Senior Vice President must not, either
         before or after this Agreement ends, disclose to any person any
         information relating to the Company or its customers of which he
         becomes possessed while acting as Senior Vice President.

TERMINATION

18.      At the option of the Company, this Agreement shall terminate and,
         except to the extent previously accrued, all rights and obligations of
         both parties under it shall cease if the Senior Vice President:

         (a)      dies; or

         (b)      is adjudicated bankrupt or makes any arrangement or
                  composition with his creditors; or

         (c)      is convicted of any felony (whether or not against the Company
                  or its subsidiaries or affiliates).

19.      (a)      The Company may terminate this Agreement forthwith if the
                  Senior Vice President knowingly commits any act or omission
                  that could reasonably be expected to result in material harm
                  to the business or reputation of the Company or any of its
                  subsidiaries or affiliates, which failure and/or conduct
                  continues un-remedied for ten (10) days after written notice
                  from the CEO to the Senior Vice President setting forth in

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                  reasonable detail a description of such conduct, and, except
                  to the extent previously accrued, all rights and obligations
                  of both parties under this Agreement shall cease.

         (b)      If through physical or mental illness, the Senior Vice
                  President is unable to discharge his duties for sixty (60)
                  successive days, as to which a certificate by any doctor
                  appointed by the Company will be conclusive, then

                  1.       the Senior Vice President will be relieved of his
                           duties, his salary reduced to US$1,000.00 per annum
                           and his bonus entitlement suspended, but

                  2.       the Company will continue to pay the full cost of
                           providing medical insurance for the Senior Vice
                           President and his wife and dependants,

                  until the Senior Vice President is able once again to resume
                  his duties in full.

                  If this incapacity continues for a period of two years
                  (including the 60-day period referred to above) the Senior
                  Vice President's employment will be deemed to have been
                  terminated by mutual consent at the expiration of that period.

         (c)      The Senior Vice President may give six (6) months written
                  notice of termination to the Company and if he does so, this
                  Agreement shall terminate at the expiration of that period
                  and, except to the extent previously accrued, all rights and
                  obligations of both parties under it shall cease.
EXTENSION

20.      On or before September 30th of each year during the term of this
         Agreement (or any extension thereof), the CEO shall determine whether
         to extend the term of this Agreement, and if the CEO so determines, the
         term of this Agreement shall be extended such that the term shall
         continue for two (2) years from January 1st of the next following year.

         In the event that the CEO determines not to extend the Agreement in any
         year, the term of this Agreement shall expire on December 31st of the
         next following year and the Company shall, no later than December 31st
         of the current year, (i) pay to the Senior Vice President, in cash, his
         total unearned remuneration, including vacation pay, for the remainder

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         of the term as set out in Clause 2 as adjusted by Clause 5 hereof, and
         (ii) require the Senior Vice President to leave the Company's
         employment forthwith.

NOTICES

21.      Any notice to be served under this Agreement must be in writing and
         shall be deemed to be duly served if it is handed personally to the
         Secretary of the Company or to the Senior Vice President as the case
         may be, or if it is sent by registered post to the address at the head
         of this Agreement. A notice sent by post shall be deemed to be served
         on the third day following the date on which it was posted.

PREVIOUS AGREEMENTS SUPERSEDED

22.      This Agreement supersedes all prior contracts and understandings
         between the parties save that benefits earned or accrued under prior
         contracts shall not be extinguished or affected.

WAIVER

23.      No change or attempted waiver of any of the provisions hereof shall be
         binding unless in writing and signed by the party against whom it is
         sought to be enforced.

SEVERABILITY OF PROVISIONS

24.      Whenever possible, each provision of this Agreement must be interpreted
         in such manner as to be effective and valid. If any provision of this
         Agreement or the application of it is prohibited or is held to be
         invalid, that prohibition or invalidity will not affect any other
         provision, or the application of any other provision which can be given
         effect without the invalid provision or prohibited application and, to
         this end, the provisions of this Agreement are declared to be
         severable.

HEADINGS

25.      The headings herein are included for convenience only and have no legal
         effect.

APPLICABLE LAW AND JURISDICTION

26.      This Agreement shall be construed and the legal relations between the
         parties determined in accordance with the laws of the Cayman Islands to

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         the jurisdiction of the courts of which the parties hereby agree to
         submit. The Senior Vice President appoints BRENT SANTHA ("the Process
         Agent") whose address at the date of this Agreement is PO BOX 31999
         SMB, GRAND CAYMAN, CAYMAN ISLANDS his agent in the Cayman Islands to
         receive on his behalf service of copies of the summons and complaint
         and any other process which may be served in any action or proceeding
         under this Agreement. Such service may be made by personally serving
         the Process Agent at the Process Agent's above address, with a copy to
         the Senior Vice President at his address above, and the Senior Vice
         President irrevocably authorises and directs the Process Agent to
         accept such service on his behalf.

EXECUTED FOR AND ON BEHALF OF               CONSOLIDATED WATER CO.
CONSOLIDATED WATER CO. LTD.                 LTD.
BY:
IN THE PRESENCE OF:

/s/ Ken Crowley                             /s/ Frederick W. McTaggart
-----------------------------               -----------------------------------
WITNESS                                     FREDERICK W. MCTAGGART
                                            DIRECTOR

EXECUTED BY JOSEPH PIVINSKI
IN THE PRESENCE OF:

/s/ Tracey Ebanks                           /s/ Joseph Pivinski
-----------------------------               -----------------------------------
WITNESS                                     JOSEPH PIVINSKI

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                                                                   EXHIBIT 10.47

July 8, 2004

Billy Banker

Dear Billy,

RE:      EMPLOYEE SHARE INCENTIVE PLAN AND EMPLOYEE SHARE OPTION PLAN

In accordance with the Employee Share Incentive Plan ("the Preference Share
Plan"), you are hereby advised that the Grant Date is July 6, 2004 for benefits
you have accrued during the year ended 31 December 2003.

Accordingly you are granted 116 Preference Shares in the Company. You have the
option to purchase an equal number of Preference Shares at a price of US$13.45
or CI$11.21 each, which has been calculated in accordance to the terms of the
Preference Share Plan. If you intend to exercise this option, then payment must
be received in full no later than the close of business on AUGUST 5, 2004.

As a member of the Employee Share Option Plan ("the Option Plan"), you will also
be granted, as of July 6, 2004, the option to purchase 580 Ordinary Shares in
the Company. These options are exercisable in accordance to the terms of the
Option Plan. You furthermore have the opportunity to obtain an equal amount of
options to purchase Ordinary Shares of the Company, in accordance to the terms
of the Option Plan, if you exercise your right to purchase the above additional
Preference Shares before AUGUST 5, 2004.

Your continued dedication and hard work have contributed to another successful
year for Consolidated Water, and I look forward to a very bright future.

Yours sincerely,
CONSOLIDATED WATER CO. LTD.

/s/ Frederick W. McTaggart

Frederick W. McTaggart
President and CEO

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