Exhibit 10.27.11
[EUROTECH logo]
July 24, 2002
Xx. Xxxxxx Xxxxxx
President
Trylon Metrics Inc.
Re: Eurotech, Ltd.
Dear Xx. Xxxxxx:
With reference to a certain Technology Transfer Agreement by and between
Eurotech, Ltd. ("Eurotech") and Trylon Metrics, Inc. ("Trylon") dated as of July
13, 2001, as amended (the "TTA"), this Letter Agreement shall serve as a limited
amendment of the TTA. Specifically, this Letter Agreement confirms the
understanding that Eurotech shall pay to Trylon's designee, ipPartners Inc.
("ipPartners") $12,500 per month, in cash to ipPartners until December 2002 for
technical and marketing services provided by ipPartners. These payments shall be
made in arrears on or before the 15th day of each month. The TTA, which expired
July 13, 2002, shall be deemed extended by this Letter Agreement for an
additional period until December 13, 2002. All other terms and conditions of the
TTA shall remain unchanged by this Letter Agreement.
If the above comports with your understanding, please sign below.
Sincerely,
EUROTECH, LTD.
By: /S/ XXXX X. XXXXX
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Xxxx X. Xxxxx
President and CEO
AGREED AND ACCEPTED
AS OF THE DATE OF THIS LETTER:
Trylon Metrics, Inc.
By: /S/ XXXXXX XXXXXX
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Xxxxxx Xxxxxx
President
