Letter of Support dated October 21, 2004



 Exhibit 10.3 
  
 David T. Austern 
 Future Claimants Representative for 
 MCC Holdings, Inc. (f/k/a Mark Controls Corporation) 
 3110 Fairview Park Drive, Suite 200 
 P.O. Box
12003 
 Falls Church, Virginia 22042-0683 
 Telephone (703) 205-0835 
 Facsimile: (703) 205-6249 
 Email: dausternn@claimsres.com 
  
 October 21, 2004 
  
 MCC Holdings, Inc.

 100 First Stamford Place 
 Stamford, CT 06902 
  

	 	Re:	MCC Holdings, Inc. (f/k/a/ Mark Controls Corporation) and Its Subsidiaries (collectively, “MCC”) 

  
 Gentlemen: 
  
 Based upon the information provided to me by MCC and its affiliates and
advisors, my own due diligence and the advice of my professionals, I believe that the essential terms of MCC’s proposed Chapter 11 plan of reorganization, as set forth in the attached Term Sheet dated as of October 21, 2004, are fair and
equitable to those persons who might in the future assert demands against MCC for damages arising out of asbestos-related personal injuries. 
  
 Accordingly, I would support confirmation of a Chapter 11 plan of reorganization embodying such essential terms and such other terms as to which I agree,
assuming the existence and continued effectiveness of the settlements embodied in the Master Settlement Agreement and subject to my review and approval of the definitive documentation, including the plan and related agreements and documents, the
trust agreement for the proposed 524(g) trust, and the proposed trust distribution procedures. 
  

	
	 Very truly yours,

	
	 



	 David T. Austern, as

	 Future Claimants Representative










 EXHIBIT D 
  

REORGANIZATION TERM SHEET 
  
 TERM SHEET 
  
 THIS TERM SHEET IS NOT AN OFFER WITH RESPECT TO ANY SECURITIES 
 OR A SOLICITATION OF ACCEPTANCES OF A CHAPTER 11 PLAN 
 ANY SUCH OFFER OR SOLICITATION WILL COMPLY
WITH ALL APPLICABLE 
 SECURITIES LAWS AND/OR PROVISIONS OF THE BANKRUPTCY CODE 
  
 MCC HOLDINGS, INC., A
DELAWARE CORPORATION (F/K/A MARK CONTROLS CORPORATION) 
  
 TERM SHEET DATED AS OF OCTOBER 21, 2004 FOR A PROPOSED  
 CHAPTER 11 PLAN OF REORGANIZATION1 
  
 Overview 
  

			
	 Term

	  	 Description


		
	Overview...	  	This term sheet (the “Term Sheet”) describes certain principal terms of a proposed plan of reorganization (the “Plan”) of MCC Holdings, Inc., a
Delaware corporation (“MCC” or the “Company”), and its subsidiaries (set forth below). Such terms and conditions described in this Term Sheet will form the basis for a final Plan in a Chapter 11 case
(the “MCC Chapter 11 Case”). The agreed to principal terms of the Plan are set forth below.
		
	 Proposed Filing
 Entities...
	  	MCC and its subsidiaries Xomox Corporation, Crane Nuclear, Inc., Crane Pumps & Systems, Inc., Crane Environmental, Inc., and Terminal Manufacturing, Inc. (collectively, the
“Debtors”).
		
	 Proposed
 Caption...
	  	In re MCC Holdings, Inc., et al., to be filed in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).
		
	 Definitions...
	  	“Asbestos Channeling Injunction” means that certain injunction issued to supplement the injunctive effect of the discharge typically given in asbestos-related Chapter
11 cases, the terms of which will be set forth in more detail in the Plan.
		
	 	  	“Asbestos Claim” means a claim or demand of a person (or such person’s representative or estate) for or relating to death, bodily injury, sickness, disease, or
other personal injuries to such person caused, or allegedly caused, directly or indirectly, by the presence of, or exposure to, asbestos and arising or allegedly arising, directly or indirectly, from acts or omissions of any of the Debtors or the
MCC Entities, including without limitation contribution and indemnity claims (other than contribution or indemnity claims of insurers).
		
	 	  	“Asbestos Claimant” means a person who has an Asbestos Claim.
		
	 	  	“Asbestos Claimants Committee” means any official Asbestos Claimants Committee, if any, that the U.S. Trustee may appoint, pursuant to section 1102 of the Bankruptcy
Code, in the MCC Chapter 11 Case.



	1	Capitalized terms not defined herein shall have the meaning ascribed to them in the Master Settlement Agreement or MCC Settlement Trust Agreement.


  

 D-1 









			
	 Term

	  	 Description


	 	  	 “Asbestos Protected Party” means any of the following:
  
 (a) the MCC Indemnified Parties and their current and former representatives;
  
 (b) any Entity (as defined in section 101(15) of the
Bankruptcy Code) that, pursuant to the Plan or otherwise after the Effective Date, makes a loan to the Debtors, the Reorganized Debtors, any of the Non-Debtor Subsidiaries or the MCC Entities, any of the MCC Indemnified Parties, the MCC Section
524(g) Trust, or to a successor to, or transferee of any of the respective assets of, the Debtors, the Reorganized Debtors, any of the Non-Debtor Subsidiaries or MCC Entities, any of the MCC Indemnified Parties, or the MCC Section 524(g) Trust (but
only to the extent that liability is asserted to exist by reason of such Entity’s becoming such a lender or to the extent any pledge of assets made in connection with such a loan is sought to be upset or impaired);
  
 (c) Settling Insurance Companies;
  
 (d) the Committee Releasees.
  

	 	  	 “Avoidance and Other Actions” means any and all avoidance, recovery, subordination or other actions or remedies that may be
brought on behalf of the Debtors or their Estates under the Bankruptcy Code or applicable non-bankruptcy law, including, without limitation, actions or remedies under sections 510, 542, 543, 544, 545, 547, 548, 549, 550, 551, 552 and 553 of the
Bankruptcy Code, including, if applicable, any Claims and causes of action in the nature of fraudulent transfer, successor liability, corporate veil piercing, or alter ego-type Claims that arise as a consequence of transactions, events, or
circumstances involving or affecting the Debtors (or any of their predecessors) or any of their respective businesses or operations.
  

	 	  	 “Committee Releasees” means: (a) each past, present, and future member of the Asbestos Claimants Committee (if appointed);
(b) each past, present and future member of the Trust Advisory Committee; (c) each Entity, whether past, present or future, who may be appointed as the Future Claimants Representative; (d) each Entity, whether past, present or future, who may be
appointed as the Claimants Representative; (e) each Entity, whether past, present or future, who may be appointed as a member of the Claimant Representatives Committee; (f) each past, present and future member of the Unsecured Creditors Committee
(if appointed) and (g) all of the respective past, present and future representatives of each of the foregoing Entities.
  
 “Crane” means Crane Co., a Delaware corporation.
  
 “Crane Plan Note” means that certain note to be issued on the Effective Date by Crane to the MCC Section 524(g) Trust pursuant to the terms of the
Plan, which Crane Plan Note shall have a face amount of $150 million payable over twenty years in equal semi-annual payments plus interest at 6% per annum, which Crane Plan Note shall be secured up to $50 million by the MCC Stock Security
Pledge.
  

	 	  	“Crane Stock Contribution” means the number of shares of Crane common stock that, on the Effective Date, Crane shall contribute to Reorganized MCC; provided, however,
that (i) the Crane Stock Contribution shall have a fair market value of $70 million based on the average closing price of Crane common stock reported on the New York Stock Exchange Composite Tape for the ten trading days ending on the third
trading day prior to the Effective Date; and (ii) the Crane Stock Contribution shall consist of publicly tradable securities, subject to

  

 D-2 









			
	 Term

	  	 Description


		
	 	  	mutually agreed to terms of the Plan and agreements incorporated into the Plan, as well as applicable law.
		
	 	  	“Effective Date” means the effective date of the Plan.
		
	 	  	 “Future Claimants Representative” means David Austern, solely in his capacity as such.
  
 “Master Settlement Agreement” means a certain Master Settlement
Agreement by and among MCC, the Claimants Representative Committee and certain individuals holding Asbestos Claims and certain third parties.

		
	 	  	“Master Settlement Trust Agreement” means that agreement governing the creation of the MCC Settlement Trust in substantially the form attached to the Master Settlement
Agreement as Exhibit C.
		
	 	  	“MCC Cash Contribution” means the contribution on the Effective Date of $10 million in cash to the MCC Section 524(g) Trust.
		
	 	  	“MCC Entities” means the Debtor-affiliated Entities identified on Exhibit A attached to this Term Sheet and such additional Entities, if any, upon which the Debtors,
Crane, the Future Claimants Representative and the Claimants Representative Committee shall agree.
		
	 	  	 “MCC Indemnified Parties” mean (a) the Debtors; (b) each Reorganized Debtor; (c) Crane; (d) each other MCC Entity; (e) each
Non-Debtor Subsidiary; (f) all predecessors-in-interest and successors-in-interest to each of the foregoing Entities; (g) all of the respective future affiliates, subsidiaries and representatives of, and successors-in-interests to, each of the
foregoing Entities.
  
 “MCC Section 524(g) Trust” means
that certain trust established in accordance with the Plan, the MCC Section 524(g) Trust Agreement, the Trust Distribution Procedures, and any order confirming the Plan, which shall be established and administered so as to ensure that it satisfies
all the requirements for it to be treated as a “Qualified Settlement Fund” as defined in section 468B of the Internal Revenue Code.

		
	 	  	 “MCC Section 524(g) Trust Advisory Committee” or “TAC,” as the case may be, means the MCC Section 524(g) Trust
Advisory Committee established pursuant to the terms hereof and the MCC Section 524(g) Trust Agreement.
  
 “MCC Section 524(g) Trust Agreement” means that certain agreement by and among the Debtors, the Future Claimants Representative, the TAC, and the trustees of the MCC Section 524(g) Trust
governing the creation of the MCC Section 524(g) Trust, as it may be amended, supplemented, or modified from time to time.

		
	 	  	“MCC Stock Security Pledge” means Crane’s pledge of Crane’s equity interest in Reorganized MCC to secure the Crane Plan Note; provided, however,
that the amount secured by the MCC Stock Security Pledge shall not exceed $50 million and provided further that upon the occurrence of an event of default under the Crane Plan Note, such pledged equity interests shall
automatically represent 51% of the voting interests in Reorganized MCC.
		
	 	  	 “Non-Debtor Subsidiaries” means, collectively, all subsidiaries of the Debtors that are not Debtors, including, but not
limited to, Flow Technology, Inc., and Xomox Sanmar, Ltd., an Indian corporate entity.
  
 “Releasing Parties” means the MCC Section 524(g) Trust, the MCC Indemnified Parties, the Committee Releasees and holders of Claims who voted to accept the Plan.
  
 “Reorganized Debtors” means, collectively, the Debtors, on and after
the Effective Date.
  
 “Reorganized MCC” means MCC on or
after the Effective Date.

		
	 	  	“Settling Insurance Companies” means insurance companies that potentially provide coverage

  

 D-3 









			
	 Term

	  	 Description


	 	  	 for Asbestos Claims and that, after the date of this Term Sheet and prior to a date set forth in the Plan, enter into
settlement agreements
with one or more MCC Entities with respect to such coverage that are sufficiently
comprehensive to warrant protection under Section 524(g) of the Bankruptcy Code.
  
 “Stub Claim” means the amount of an Asbestos Claim settled pursuant to the Master Settlement Agreement
that
remains unpaid or unsatisfied pursuant to the Master Settlement Agreement.
  
 “Trust Distribution Procedures” means the trust distribution procedures for the MCC Section 524(g) Trust
approved by the Future Claimants Representative.
  
 “Unsecured Creditors Committee” means the official committee of
unsecured creditors, if any, appointed in the
MCC Chapter 11 Case by the U.S. Trustee pursuant to section 1102 of the Bankruptcy Code.

		
	Overview of Proposed Economic Terms Related to Asbestos Claims...	  	 The MCC Section 524(g) Trust shall receive, and MCC or Crane, as applicable, shall contribute to the MCC Section 524(g) Trust, in satisfaction of
Asbestos Claims, the “MCC Section 524(g) Trust Assets,” which are:
  
 (a) The Crane Stock Contribution;
  
 (b) The Crane Plan Note;
  
 (c) The MCC Cash Contribution; and
  
 (d) All assets required to be transferred to the MCC Section 524(g) Trust by the MCC Settlement Trust.

		
	 	  	 On the Effective Date, Crane Co. shall:
  
 (a) Contribute the Crane Plan Note to the MCC Section 524(g) Trust;
  
 (b) Contribute the Crane Stock Contribution to MCC;
  
 (c) Execute and deliver the MCC Stock Security
Pledge to the MCC Section 524(g) Trust; and
  
 (d) Receive 100% of the common stock of Reorganized MCC.

		
	 	  	None of the foregoing contributions to the MCC Section 524(g) Trust shall be deemed to constitute an assignment or conveyance of any rights or obligations with respect to any insurance
coverage provided to any MCC Entity.

  

 D-4 








 Treatment of Asbestos Claims 
  

			
	 Term

	  	 Description


	Overview...	  	Pursuant to the terms of the Plan, the only impaired Claims are the Asbestos Claims.
		
	Treatment...	  	 All allowed Asbestos Claims shall be determined and paid pursuant to the terms, provisions, and procedures of the MCC Section 524(g) Trust
Agreement and the Trust Distribution Procedures. Terms applicable to allowed Asbestos Claims will include, among other things, the following:
  
 Pursuant to the Trust Distribution Procedures, Asbestos Claims involving Severe Asbestosis or malignancies shall be paid the following amounts: (a) Mesothelioma
($65,000), (b) Lung Cancer 1 (as defined in the Trust Distribution Procedures) and Severe Asbestosis ($16,000), and (c) Other Cancer (as defined in the Trust Distribution Procedures) ($2,300). Asbestos Claimants that do not hold claims involving
Severe Asbestosis or malignancies (“Other Asbestos Claimants”) shall not have distribution rights from the MCC Section 524(g) Trust. Such Other Asbestos Claimants, however, shall have the right to register with the MCC
Section 524(g) Trust and the statute of limitations applicable to that particular registering claim shall be tolled so that, to the extent such Other Asbestos Claimants develop Mesothelioma, Lung Cancer, Severe Asbestosis, and/or Other Cancer, such
claimants will be entitled to submit a claim and, if such claim is allowed by the MCC Section 524(g) Trust, such claimant may receive distributions from the MCC Section 524(g) Trust in accordance with the Plan, the MCC Section 524(g) Trust Agreement
and the Trust Distribution Procedures. The foregoing documents will include procedures consistent with national norms governing the presentment, processing and approval of such claims.

		
	 	  	Asbestos Claimants that do not hold mesothelioma claims (“Non-Mesothelioma Asbestos Claimants”), however, shall have the right to register with the MCC Section 524(g)
Trust and the statue of limitations applicable to that particular registering claim shall be tolled so that, to the extent such Non-Mesothelioma Asbestos Claimants develop one or more higher disease categories, such Claimants will be entitled, in
accordance with the Plan, the MCC Section 524(g) Trust Agreement and the Trust Distribution Procedures, to submit one or more claims and, if any such claim is allowed by the MCC Section 524(g) Trust, such Claimants may receive additional
distributions from the MCC Section 524(g) Trust.
		
	Asbestos Channeling Injunction...	  	 The Asbestos Channeling Injunction shall:
  
 (a) Channel all current and future Asbestos Claims to the MCC Section 524(g) Trust;
  
 (b) Enjoin assertion of Asbestos Claims against the
Debtors, Reorganized Debtors or Asbestos Protected Parties;
  
 (c) Enjoin assertion of insurer contribution and indemnification claims against the Debtors, the Reorganized Debtors, the Asbestos Protected Parties, and the MCC Section 524(g) Trust; and
  
 (d) Not prevent Asbestos Claimants from asserting
workers’ compensation claims.


  

 D-5 








 Release Provisions 
  

			
	 Release

	  	 Provision


	Compromise and Settlement...	  	Customary compromise and settlement provisions between (i) the Debtor and Crane; (ii) the Debtor and the MCC Entities; (iii) Crane and the other MCC Entities; (iv) the Debtor and the Releasing
Parties; (v) Crane and third parties; (vi) the MCC Entities and the Releasing Parties; and (vii) each Releasing Party and each other Releasing Party (in each foregoing case to the extent set forth in the third party release).
		
	Debtor Release...	  	Customary debtor release in which each of the Debtors shall provide a full discharge and release to each Releasing Party and each of their respective representatives, and entry of an order
confirming the Plan shall constitute a Rule 9019 approval of the Debtor Release.
		
	Third Party Release...	  	Customary consensual third party release in which, to the full extent provided by law, the Releasing Parties each shall release each of the MCC Entities, each Releasing Party and each of their
respective affiliates and representatives, and entry of an order confirming the Plan shall constitute a Rule 9019 approval of the Third Party Release.
		
	MCC Section 524(g) Trust Release...	  	Except as otherwise expressly provided in the Plan, the MCC Section 524(g) Trust releases each of the Asbestos Protected Parties and their respective property, to the fullest extent permitted by
applicable law, from any and all claims, causes of action, Avoidance and other Actions other than the obligations of the Asbestos Protected Parties under the Plan and related documents.
		
	Limitation on Assumption of Liability Under the Plan...	  	Except as otherwise expressly provided in the Plan, the Debtors, the Reorganized Debtors, the MCC Entities, the MCC Section 524(g) Trust and the other Asbestos Protected Parties will not assume,
agree to perform, pay, or indemnify creditors for any liabilities or obligations of the Debtors or the other MCC Entities.
		
	Limited Indemnification by the Reorganized Debtors...	  	The Reorganized Debtors shall protect, indemnify and hold harmless each of the Asbestos Protected Parties from and against any and all liabilities relating, whether directly or indirectly, to
Asbestos Claims, with a specific exclusion for workers’ compensation claims.
		
	Limited Indemnification by the MCC Section 524(g) Trust...	  	The MCC Section 524(g) Trust shall protect, indemnify and hold harmless each of the Asbestos Protected Parties (other than the Settling Insurance Companies) from and against any and all Asbestos
Claims, with a specific exclusion for workers’ compensation claims. In addition, if an MCC Entity is obligated to defend (and does defend) a Settling Insurance Company against a cause of action on the basis of the Asbestos Channeling Injunction
and such MCC Entity is successful in such defense (that is, the Asbestos Channeling Injunction effectively enjoined such cause of action against such Settling Insurance Company), then the MCC Section 524(g) Trust shall indemnify such MCC Entity for
the reasonable costs of such defense.
		
	Injunction...	  	Customary permanent injunction, except for specific carve-outs provided in the Plan, wherein all Entities are permanently enjoined from commencing or continuing in any manner, any suit, action
or other proceeding, on account of or respecting any Claim, demand, liability, obligation, debt, right, cause of action, interest or remedy released or to be released pursuant to the Plan or an order confirming the Plan.
		
	Discharge of the Debtors...	  	Customary discharge of all Debtors.

  

 D-6 









			
	 Release

	  	 Provision


	 Subordination of
 Stub
Claims
	  	 Payment by the MCC Section 524(g) Trust of the Stub Claims is subordinated to payment of future Asbestos Claims, such that the Stub Claims will
receive no payment from the MCC Section 524(g) Trust until the payment percentage set by the trustees of the MCC Section 524(g) Trust (the “Payment Percentage”) exceeds 75% (or, in the case of current claimants who received
more than 75% and more than the current Payment Percentage of the value of their claim from the MCC Settlement Trust, until the Payment Percentage exceeds the percentage of the value of their claim actually received by such current claimant from the
MCC Settlement Trust) (in either case, the “Threshold Percentage”). Payments made in respect of Stub Claims shall be in an amount equal to the value of the related Asbestos Claim (as determined by the MCC Settlement Trust)
multiplied by the amount by which the Payment Percentage exceeds the applicable Threshold Percentage.2
  
 Notwithstanding the foregoing, the holder of a Stub Claim may elect to requalify such
holder’s entire Asbestos Claim under the Trust Distribution Procedures in which case such holder shall no longer be treated as the holder of a Stub Claim but as the holder of an unliquidated Asbestos Claim. If such holder requalifies its
Asbestos Claim under the Trust Distribution Procedures and such claim is allowed, such holder shall be entitled to receive from the MCC Section 524(g) Trust an amount equal to the liquidated value of such claim (as determined by the MCC Section
524(g) Trust) multiplied by the Payment Percentage less the aggregate amount such claimant actually received from the MCC Settlement Trust.




	2	By way of example, if a current claimant has a $65,000 claim, and has been paid 60% of his/her claim ($39,000), the claimant has a Stub Claim of $26,000 (i.e., 40%).
Such Stub Claim will begin to share pro-rata with other claims against the MCC Section 524(g) Trust at such time and to the extent that the Payment Percentage first exceeds 75% (thus, if the Payment Percentage is 80%, then the claimant shall be
entitled to recover 5% of the amount of such claim, i.e., $3,250). However, if that current claimant has been paid $55,250 of such claim (i.e., 85%), such current claimant has a Stub Claim of $9,750 and shall not begin to share pro-rata with other
claims against the MCC Section 524(g) Trust until the Payment Percentage exceeds 85% (thus, if the Payment Percentage equals 90%, then the claimant shall be entitled to recover 5% of such claim, i.e., $3,250). 

  

 D-7 








 Exhibit A to Term Sheet 
  

	
	 ALOYCO VALVE CO.

	 AZONIX CORPORATION

	 BARKSDALE, INC.

	 BARNES PUMPS, INC.

	 BURKS PUMPS

	 CHAPMAN CORP.(VALVES FITTINGS MFG)

	 CHAPMAN VALVE CO.

	 CHEMPUMP CORP.

	 COCHRANE INC.

	 CORVA CORPORATION

	 CRANE & ORDWAY

	 CRANE AEROSPACE, INC.

	 CRANE CO.

	 CRANE CO. FACILITY - MIDDLETOWN, PA (PART OF NATIONAL U.S.)

	 CRANE CO. VALVE DIVISION

	 CRANE CO./HYDROAIRE DIVISION

	 CRANE CO./LEAR ROMEC DIVISION

	 CRANE DEMING PUMPS

	 CRANE ENVIRONMENTAL INC.

	 CRANE INTERNATIONAL HOLDINGS, INC.

	 CRANE NUCLEAR, INC.

	 CRANE OF MINNESOTA

	 CRANE OVERSEAS LLC

	 CRANE PLUMBING & HEATING

	 CRANE PUMPS & SYSTEMS INC.

	 BURKS PUMPS

	 DEMING PUMPS

	 PROSSER PUMPS

	 WEINMAN PUMPS

	 BARNES PUMPS

	 PROCESS SYSTEMS PUMPS

	 CROWN PUMPS

	 CRANE RESISTOFLEX

	 CRANE STOCKHAM VALVES & FITTINGS

	 CRANE SUPPLY

	 CRANE SUPPLY COMPANY

	 CRANE VALVE GROUP

	 REVO VALVES

	 MATRYX VALVES

	 TUFLINE VALVES

	 ALOYCO VALVES

	 STOCKHAM VALVES

	 JENKINS VALVES

	 SAUNDERS VALVES


  

 D-8 









	
	 FLOWSEAL VALVES

	 CENTER LINE VALVES

	 PACIFIC VALVES

	 WEDGEPLUG VALVES

	 DUO-CHEK VALVES

	 MARLIN VALVES

	 UNI-CHECK VALVES

	 NOZ-CHECK VALVES

	 COMPAC-NOZ VALVES

	 CRANE VALVE SERVICES

	 CYCLOTHERM BOILER CO.

	 CYCLOTHERM CORP.

	 CYCLOTHERM DIVISION OF U.S. NATIONAL RADIATOR

	 DIV. OF CRANE CO. HEATING/AC BUSINESS (PART OF THATCHER)

	 DYNALCO CONTROLS CORPORATION

	 ELDEC CORPORATION

	 EMPIRE FOUNDRY

	 FLOW TECHNOLOGY, INC.

	 GENERAL TECHNOLOGY CORPORATION

	 GROTH VALVE REPAIR

	 HYDRO AIR

	 HYDRO-AIRE, INC.

	 INTERPOINT CORPORATION

	 JENKINS BROS. VALVE CO.

	 KEMLITE COMPANY, INC.

	 LASCO COMPOSITES, LP

	 LASCO MATERIAL, INC.

	 LASCO PANELS, INC.

	 MARK CONTROLS CORP.

	 MARK CONTROLS CORPORATION

	 MIDWEST INVESTMENT

	 MIDWEST PIPING & SUPPLY CO.

	 NATIONAL BOILER

	 NATIONAL U.S. RADIATOR

	 PACIFIC STEEL BOILER CO.

	 PACIFIC VALVES

	 POWERS PROCESS CONTROLS

	 POWERS REGULATOR

	 PROCESS SYSTEMS, INC.

	 RESISTOFLEX

	 SEQUENTIA, INC.

	 SIGNAL TECHNOLOGY CORPORATION

	 STREAMWARE CORPORATION

	 SWARTWOUT CO.

	 SWARTWOUT DIVISION OF CRANE CO.

	 TERMINAL MANUFACTURING COMPANY


  

 D-9 









	
	 THATCHER BOILER (FURNACE CO.)

	 VALVE SYSTEMS & CONTROLS

	 VENTECH CONTROLS, INC.

	 WEINMAN PUMP MFG. CO.

	 XOMOX CORPORATION


  

 D-10