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                                                                   EXHIBIT 10.1

                             CHANGE OF CONTROL AGREEMENT


     AGREEMENT made at Chicago, Illinois, on __________, 199__, by and between
UNR Industries, Inc. (the "Company")and ________ ________ (the "Executive").

                                      RECITALS

     A.   The Executive is currently employed by the Company as
          _________________________________.

     B.   The Executive and the Company agree that it is desirable that the
          Company provide greater employment security to the Executive, and,
          to that end, the parties hereby enter into this Agreement.

     In consideration of the mutual agreements herein set forth and for good
and valuable consideration receipt of which is hereby acknowledged, the
parties agree as follows:

     1.   TERM OF AGREEMENT.  Subject to the provisions of paragraphs 2 and 3
of this Agreement, the term of this Agreement shall be for a three-year term
(the "Three-Year Term") commencing on the date hereof.

     2.   DEFINITIONS.   For purposes of this Agreement, the following
definitions apply:

     (a)  "Cause" shall mean (i) an act or acts of personal dishonesty by
Executive which results in personal enrichment of Executive at the expense of
the Company, (ii)  violation by Executive of Executive's obligations under
paragraphs 5 or 6 of this Agreement which are willful on the Executive's part
and which are not remedied to the reasonable satisfaction of the Company in a
reasonable period of time after receipt of written notice from the Company,
or (iii) the conviction of the Executive of a felony.  Any termination of
this Agreement for Cause shall be communicated by the Company to the
Executive in a notice of termination which shall set forth in reasonable
detail the facts and circumstances claimed to provide a basis for termination
of this Agreement.

     (b)  "Change of Control" shall mean the occurrence of any of the
following events:

          (i)  The "acquisition" after the date hereof by any "Person" (as
such term is defined below) of "Beneficial Ownership"


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(within the meaning of Rule 13d-3 promulgated under the Securities Exchange
Act of 1934, as amended (the "1934 Act"), as in effect on the date hereof) of
any securities of the Company which generally entitles the holder thereof to
vote for the election of directors of the Company (the "Voting Securities")
which, when added to the Voting Securities then "Beneficially Owned" by such
Person, would result in such Person "Beneficially owning" 50% or more (the
"Requisite Percentage") of the combined voting power of the Company's then
outstanding Voting Securities, PROVIDED, HOWEVER, that for purposes of this
paragraph (a) a Person shall not be deemed to have made an acquisition of
Voting Securities if such Person:  (i) acquires Voting Securities as a result
of a stock split, stock dividend or other corporate restructuring in which
all securityholders of the class of such Voting Securities are treated on a
pro rata basis; (ii) acquires the Voting Securities directly from the
Company; (iii) becomes the Beneficial Owner of more than the Requisite
Percentage of Voting Securities solely as a result of the acquisition of
Voting Securities by the Company which, by reducing the number of Voting
Securities outstanding, increases the proportional number of shares
Beneficially Owned by such Person; (iv) is the Company or any corporation or
other Person of which a majority of its voting power or its equity securities
or equity interest is owned directly or indirectly by the Company
(a "Subsidiary"), (v) acquires Voting Securities in connection with a
"Non-Control Transaction" (as defined in paragraph (iii) below) or
(vi) acquires Voting Securities upon the exercise or conversion of Voting
Securities of another class which does not increase the percentage of Voting
Securities Beneficially Owned by such Person; and PROVIDED FURTHER that the
UNR Asbestos Disease Claims Trust (the "Trust") may acquire the Beneficial
Ownership of additional Voting Securities to the extent that immediately
prior to such acquisition the Trust Beneficially Owned at least 50% of the
outstanding Voting Securities; or

          (ii) The individuals who, as of the date of this Agreement, are
members of the Board (the "Incumbent Board"), cease for any reason to
constitute at least two-thirds of the Board; PROVIDED, HOWEVER, that if
either the election of any new director or the nomination for election of any
new director by the Company's stockholders was approved by (i) a vote of at
least two-thirds of the Incumbent Board or (ii) the Trust at such time as the
Trust Beneficially Owned at least 50% of the Voting Securities, such new
director shall be considered as a member of the Incumbent Board; PROVIDED
FURTHER, HOWEVER, that no individual shall be considered a member of the
Incumbent Board if such individual initially assumed office as a result of
either an actual or threatened "Election


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Contest" (as described in Rule 14a-11 promulgated under the 1934 Act, as in
effect on the date hereof) or other actual or threatened solicitation of
proxies or consents by or on behalf of a Person other than the Board of
Directors (a "Proxy Contest"), including by reason of any agreement intended
to avoid or settle any Election Contest or Proxy Contest; or

          (iii)     Approval by securityholders of the Company of:

               (a)  A merger, consolidation or reorganization involving the
Company (a "Business Combination"), unless

                    (i)  the securityholders of the Company, immedately
before the Business Combination, own, directly or indirectly immediately
following the Business Combination, at least 75% of the combined voting power
for the election of directors generally of the outstanding securities of the
corporation resulting from the Business Combination (the "Surviving
Corporation") in substantially the same proportion as their ownership of the
Voting Securities immediately before the Business Combination, and

                    (ii) the individuals who were members of the Incumbent
Board immediately prior to the execution of the agreement providing for the
Business Combination constitute at least two-thirds of the members of the
Board of Directors of the Surviving Corporation, and

                    (iii) no Person (other than the Company or any
Subsidiary, a trustee or other fiduciary holding securities under one or more
employee benefit plans or arrangements (or any trust forming a part thereof
maintained by the Company, the Surviving Corporation or any Subsidiary, or
any Person who, immediately prior to the Business Combination, had Beneficial
Ownership of the Requisite Percentage of the then outstanding Voting
Securities) upon consummation of the Business Combination is the Beneficial
Owner of the Requisite Percentage of the combined voting power for the
election of directors generally of the Surviving Corporation's then
outstanding securities (a transaction described in clauses (i) through (iii)
shall be referred to as a "Non-Control Transaction");

               (b)  A complete liquidation or dissolution of the Company; or

               (c)  An agreement for the sale or other disposition of all or
substantially all of the assets of the Company to any Person (other than a
transfer to a Subsidary).



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     If any of the foregoing transactions are approved by securityholders and
not consummated within thirty (30) days after such approval is obtained (or
such longer period as may be determined by the then members of the Incumbent
Board), then the "Change of Control" shall be deemed void AB INITIO.

          Voting Securities acquired by a Person that is not deemed to
constitute an "acquisition" of such Voting Securities by such Person by
reason of either of the provisos to paragraph (i) above shall nevertheless be
deemed to be Beneficially Owned by such Person for purposes of determining
whether the "acquisition" of any additional Voting Securities by such Person
(which subsequent "acquisition" is not covered by either proviso to paragraph
(i) and, therefore, is considered to be an "acquisition" of Voting Securities
for purposes of paragraph (i)) would result in such Person exceeding the
Requisite Percentage of Voting Securities.  The term "Person" shall mean any
individual, firm, corporation, partnership, joint venture, association, trust
or other entity as well as any "Affiliate" or "Associate" thereof (as such
terms are defined in the 1934 Act).

     Notwithstanding the foregoing, a Change of Control shall not be deemed
to occur solely because the Requisite Percentage of the then outstanding
Voting Securities is Beneficially Owned by (i) a trustee or other fiduciary
holding securities under one or more employee benefit plans or arrangements
(or any trust forming a part thereof) maintained by the Company or any
Subsidiary or (ii) any corporation which, immediately prior to its
acquisition of such interest, is owned directly or indirectly by the
stockholders of the Company in the same proportion as their ownership of
stock in the Company immediately prior to such acquisition.  Furthermore, if
the Executive's employment is terminated and the Executive reasonably
demonstrates that such termination (i) was at the request of a third party
who has indicated an intention or taken steps reasonably calculated to effect
a Change of Control and who effectuates a Change of Control or (ii) otherwise
occurred in connection with, or in anticipation of, a Change of Control which
actually occurs, then for all purposes hereof, a Change of Control shall be
deemed to have occurred and the date of a Change of Control with respect to
the employment shall mean the date immediately prior to the termination date.

     (c)  A resignation for "Good Reason" shall mean the resignation of the
Executive from employment by the Company after (i) a material reduction or
adverse alteration in the nature of the Executive's position,
responsibilities or authorities, (ii) the



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Executive becoming the holder of a lesser office or title than that held by
him immediately prior to such change, (iii) any material reduction of the
Executive's compensation or benefits, (iv) the relocation of the Executive's
job more than thirty miles from his present location or (v) any other
material adverse change to the terms and conditions of the Executive's
employment or benefits, provided that, if the Executive shall consent in
writing to any event described in clauses (i) through (v) of this sentence,
the Executive's subsequent resignation shall not be treated as a resignation
for Good Reason, unless a subsequent event described in such clauses to which
Executive did not consent occurs.

     (d)  "Permanent Disability" shall mean any physical or mental disability
which shall have rendered Executive unable to perform his duties hereunder
for 120 consecutive days, or which, in the opinion of a licensed physician
reasonably satisfactory to the Company, is likely to render Executive unable
to perform his duties hereunder for such period.

     (e)  "Retirement" shall mean a termination of the Executive's employment
other than for Cause on or after the Executive's attainment of age 65.

     3.   SEVERANCE BENEFIT

     If, during the term of this Agreement, (a) a Change of Control occurs,
and (b) within a two-year period from the date of such Change of Control,
either (i) the Executive's employment with the Company and its subsidiaries
is terminated by the Company other than for Cause or on account of the
Executive's death, Permanent Disability or Retirement, or (ii) the Executive
resigns for Good Reason, then the Company shall pay to the Executive a
Severance Payment in an amount equal to one and one-third (1-1/3) times the
Executive's annual salary for the year in which termination occurs.  The
Severance Payment shall be payable in a single lump sum which shall be paid
within thirty (30) days of the termination of employment or resignation.

     In addition to the Severance Payment, the Company shall provide health,
disability and life insurance in accordance with the plans maintained by the
Company for executives for a period of one (l) year from the date of
termination of the Executive's employment, provided that health, disability
and life insurance benefits shall cease if Executive becomes employed during
such period and receives similar benefits in connection with such employment.

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     Notwithstanding the foregoing, if there shall be a sale or disposition
of all or substantially all the assets of the Company and the Executive shall
be offered employment (at substantially the same level of executive's
authority, responsibility, compensation and benefits with the Company before
such sale), with the purchaser or any of its affiliates ("Buyer") following
such sale or disposition, then the Executive shall not be entitled to a
Severance Payment as provided above.  In that event, however, the Executive
shall be entitled to a Severance Payment if, within a twelve (12)-month
period, either (1) the Executive's employment with the Buyer shall be
terminated by the Buyer other than for Cause or on account of the Executive's
death, Permanent Disability or Retirement, or (2) the Executive shall resign
from the Buyer for Good Reason. Such Severance Payment shall be computed on
the basis of the Executive's salary at the Company in the year in which
Executive was last employed by the Company. For purposes of this paragraph,
the time of a termination of employment or resignation and the definitions of
"Permanent Disability", "Retirement", and the definitions of "Permanent
Disability", "Retirement", resignation for "Good Reason" and "Cause" shall be
construed with reference to the Buyer instead of with reference to the
Company.

     4.   NO REDUCTIONS OR MITIGATION.  The amounts payable pursuant to
paragraph 3 of this Agreement shall be paid without reduction, other than as
provided in said paragraph, regardless of any amounts of salary, compensation
or other amounts which may be paid or payable to the Executive from any
source or which the Executive could have obtained upon seeking other
employment; provided that the Company shall be permitted to make all such
payments net of any legally required tax withholdings.

     5.   NON-COMPETITION.    The Executive agrees that during his employment
and for a period of one (1) year after the termination of his employment for
any reason, he shall not enter into or engage in or be connected with, or
engage to work for an individual, firm or corporation which is engaged in or
connected with, any business which is then in substantial competition with
the Company in the United States.  The provisions of the last preceding
sentence shall not apply to the ownership of less than ten percent (10%) of
the shares of any corporation listed on any recognized exchange or traded
over-the-counter.  The provisions of this paragraph shall survive a
termination of the Agreement.

     6.   NON-DISCLOSURE.     The Executive agrees not to disclose either
during the period of his employment or at any time thereafter to any person,
firm, or corporation any information

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concerning the business or affairs of the Company which he may have acquired
in the course of, or as incident to, his employment with the Company for his
own benefit or to the detriment or intended detriment of the Company.  The
provisions of this paragraph shall survive a termination of this Agreement.

     7.   BINDING EFFECT; ASSIGNMENT.   This Agreement shall be binding upon
and shall inure to the benefit of the parties hereto and the Executive's
heirs and legal representatives and the Company's successors and assigns.
This Agreement is assignable by the Company to any corporate or other entity
which acquires, directly or indirectly, by merger, consolidation, purchase or
otherwise, all or substantially all of the assets of the Company.  Upon any
such assignment, and the assumption by the assignee of all obligations
hereunder, the Company shall be released from all liability hereunder.  This
Agreement shall not be assignable by the Executive.

     8.   NONALIENATION OF BENEFITS.    Benefits payable under this Agreement
shall not be subject in any manner to anticipation, alienation, sale,
transfer, assignment, pledge, encumbrance, charge, garnishment, execution or
levy of any kind, either voluntary or involuntary, prior to actually being
received by the Executive; and any attempt to anticipate, alienate, sell,
transfer, assign, pledge, encumber, charge, garnish, execute on, levy or
otherwise dispose of any right to benefits payable hereunder, shall be void.

     9.   SEVERABILITY.  If all or any part of this Agreement is declared by
any court or governmental authority to be unlawful or invalid, such
unlawfulness or invalidity shall not serve to invalidate any portion of this
Agreement not declared to be unlawful or invalid.  Any paragraph or part of a
paragraph so declared to be unlawful or invalid shall, if possible, be
construed in a manner which will give effect to the terms of such paragraph
or part of a paragraph to the fullest extent possible while remaining lawful
and valid.

     10.  ENTIRE AGREEMENT; AMENDMENT; WAIVER.    This Agreement represents
the entire agreement between the parties hereto with respect to the subject
matter hereof, and supersedes all prior or contemporaneous oral or written
negotiations, understandings and agreements between the parties hereto.  This
Agreement shall not be altered, amended or modified except by written
instrument executed by the Company and Executive.  A waiver of any term,
covenant, agreement or condition contained in this Agreement shall not be

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deemed a waiver of any other term, covenant, agreement or condition, and any
waiver of any default in any such term, covenant, agreement or condition
shall not be deemed a waiver of any later default thereof or of any other
term, covenant, agreement or condition.

     11.  NOTICES.  All notices required by this Agreement shall be in
writing and delivered by hand or by first class registered or certified mail,
postage prepaid.

     12.  LEGAL FEES AND EXPENSES. In the event that Executive undertakes
legal action against the Company to enforce its rights under the terms of
this Agreement and judgment is entered against the Company, the Company shall
pay legal fees and expenses incurred by the Executive.

     13.  APPLICABLE LAW.     The provisions of this Agreement shall be
interpreted and construed in accordance with the laws of the State of
Illinois, without regard to its choice of law principles.

      14.  EXTENSION.     This Agreement shall be automatically extended for
additional Three-Year Terms if the Company does not give Executive written
notice of termination of this Agreement on or before 120 days prior to the
expiration of the Three-Year Term then in effect.

     IN WITNESS WHEREOF, the parties have executed this Agreement on the date
first above written.


                                       UNR INDUSTRIES, INC.

                                       By:______________________________

                                                   President

                                       EXECUTIVE:  _____________________