Sample Business Contracts

Safekeeping Agreement - UTEK Corp. and Bank of Tampa

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                                                               December 12, 2000

William F. Arthur
Sr. Vice President & Sr. Trust Officer
Bank of Tampa
601 Bayshore Blvd.
P.O. Box 1
Tampa, FL  33601-0001

Ladies and Gentlemen:

         We hereby appoint you to maintain our securities and similar
investments pursuant to Rule 17f-2 under the Investment Company Act of 1940, as
amended (the "1940 Act"). Accordingly--

1.       Except as provided in Paragraphs 2 and 5, we will deposit all our
securities and similar investments in the safekeeping of, or in a vault or other
depository maintained by, you. Investments so deposited shall be physically
segregated at all times from those of any other person and shall be withdrawn
only in connection with transactions of the character described in Paragraph 2.

2.       We may withdraw from the depository, may order the withdrawal and
delivery, from your safekeeping of, and need not maintain with you:

         a.       securities on loan which are collateralized to the extent of
                  their full market value;

         b.       securities hypothecated, pledged, or placed in escrow for our
                  account in connection with a loan or other transaction
                  authorized by specific resolution of our Board of Directors;

         c.       securities in transit in connection with their sale, exchange,
                  redemption, maturity or conversion, the exercise of warrants
                  or rights, assents to changes in terms of the securities, or
                  other transactions necessary or appropriate in the ordinary
                  course of our business relating to the management of

3.       Except as otherwise provided by law, no person shall be authorized or
permitted to have access to the securities and similar investments deposited in
accordance with Paragraph 1 except pursuant to a resolution of our Board of
Directors. Each such resolution shall designate not more than five persons who
shall be either officers or reliable employees of ours. Such resolution shall
provide that access to such investments shall be had only by two or more such
persons jointly, at least one of whom shall be an officer, except that access to
such investments shall be permitted:

         a.       to properly authorized officers and employees of yours; and

         b.       for the purpose of verification of such securities and similar
                  investments by actual examination, to our independent public
                  accountant jointly with any two persons designated in such
                  resolution or with a properly authorized officer or employee
                  of yours.

<PAGE>   2

Exhibit 10.30

The foregoing to the contrary notwithstanding, such investments shall at all
times be subject to inspection by the U.S. Securities and Exchange Commission
(the "SEC") through its authorized employees or agents accompanied, unless
otherwise directed by order of the SEC, by one or more of our officers
designated pursuant to this Paragraph 3.

4.       Each person, when depositing such securities or similar investments in
or withdrawing them from the depository or when ordering their withdrawal and
delivery from your safekeeping, shall sign a notation in respect of such
deposit, withdrawal or order which shall show:

         a.       the date and time the deposit, withdrawal or order;

         b.       the title and amount of the securities or other investments
                  deposited, withdrawn or ordered to be withdrawn and an
                  identification thereof by certificate numbers or otherwise;

         c.       the manner or acquisition of the securities or similar
                  investments deposited or the purpose for which they have been
                  withdrawn or ordered to be withdrawn; and

         d.       if withdrawn and delivered to another person, the name of such

Such notation shall be transmitted promptly to an officer or director of ours
designated by our Board of Directors who shall not be a person designated for
the purpose of Paragraph 3. Such notation shall be on serially numbered forms
which you shall preserve for at least one year.

5.       Anything to the contrary notwithstanding, we or you may deposit all or
any part the securities owned by us in a clearing agency or book-entry system as
defined in and to the extent permitted by Rule 17f-4 under the 1940 Act.

         Please confirm your agreement with the foregoing by signing and
returning to us the enclosed copy of this letter.

                                   Very truly yours,

                                   UTEK Corporation

                                   By:  /s/ Clifford M. Gross

                                      Name:  Clifford M. Gross
                                      Title: Chairman of the Board and Chief
                                             Executive Officer

Bank of Tampa,

By:      /s/ William F. Arthur

   Name:    William F. Arthur
   Title:   Senior Vice President & Trust Officer