and Davis Manafort, Inc.



                              CONSULTING AGREEMENT



This Agreement (the "Agreement") is entered into on January 18, 2001 between

Davis Manafort, Inc. ("DM") and Eurotech ("Client").



The parties hereto agree as follows:



         1. ENGAGEMENT: Client hereby engages DM and DM hereby agrees to hold

itself available to render general strategic consulting services to Client as

set out in the attached outline pursuant to the terms and conditions hereinafter

set forth.



         2. TERM. The term of this Agreement shall begin as the execution of

this Agreement and shall continue in force for a term of each year. At the 6

month anniversary date of this Agreement, Client has the option to terminate the

relationship with no further financial requirements. If the option is not

exercised, the Agreement will continue to its fullest term. Upon exercise of the

option, Client shall pay all remaining fees and expenses immediately.



         3. COMPENSATION.



                   a.  As compensation for general strategic consulting services

                       rendered by DM under this Agreement, the Client shall pay

                       DM an annual fee in the amount of $300,000 which shall be

                       paid in four (4) equal installments on a quarterly basis.

                       The first payment is due upon execution of this Agreement

                       and each subsequent payment shall be made in full on the

                       quarterly anniversary date.

                   b.  It is agreed that DM is an independent contractor and

                       accordingly, compensation shall be payable without

                       deduction, including no deduction for federal income,

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