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                           INDEMNIFICATION AGREEMENT

      This Indemnification Agreement, dated as of _____________ ___, 1997,
is made by and between Astor Holdings, Inc., a Delaware corporation (the
"Corporation"), and [FirstName] [LastName], whose name, address and
position at the Corporation and/or any of the direct or indirect subsidiaries
of the Corporation appear on the signature page hereto ("Indemnitee").

                                  RECITALS

      A.   Indemnitee is currently serving as, or is assuming the position
of, a director and/or officer of the Corporation and/or, at the Corporation's
request, a director, officer, employee and/or agent of another corporation,
partnership, joint venture, trust or other enterprise, and the Corporation
wishes Indemnitee to continue in such capacity(ies);

      B.   The Corporation and Indemnitee recognize that the present state
of the law is too uncertain to provide the Corporation's directors and officers
with adequate and reliable advance knowledge or guidance with respect to the
legal risks and potential liabilities to which they may become personally
exposed as a result of performing their duties for the Corporation;

      C.   The Certificate of Incorporation (the "Articles") and the Bylaws
(the "Bylaws") of the Corporation each provide that the Corporation may
indemnify, to the fullest extent permitted by law, certain persons, including
directors, officers, employees or agents of the Corporation, against specified
expenses and losses arising out of certain threatened, pending or completed
actions, suits or proceedings;

      D.   Section 145(f) of the Delaware General Corporation Law (the
"DGCL") expressly recognizes that the indemnification provided by the other
subsections of Section 145 of the DGCL shall not be deemed exclusive of any
other rights to which those seeking indemnification or advancement of expenses
may be entitled under any bylaw, agreement, vote of stockholders or
disinterested directors or otherwise, both as to action in an official capacity
and as to action in another capacity while holding such office;

      E.   Indemnitee has indicated that he may not be willing to serve, or
continue to serve, as a director and/or officer of the Corporation and/or, at
the Corporation's request, as a director, officer, employee and/or agent of
another corporation, partnership, joint venture, trust or other enterprise in
the absence of an indemnification agreement of the Corporation;

      F.   The Board of Directors of the Corporation has concluded that, to
retain and attract talented and experienced individuals to serve as directors
and officers of the Corporation and to encourage such individuals to take the
business risks necessary for the success of the Corporation, it is necessary
for the Corporation to contractually indemnify them, and to assume for itself
liability for expenses and damages in connection with claims against them in
connection with their service to the Corporation, and has further concluded
that the failure to provide such contractual indemnification could result in 
great harm to the Corporation and its stockholders.

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                                      AGREEMENT

      NOW, THEREFORE, the Corporation and Indemnitee agree as follows:

1.   DEFINITIONS.

      (a)  "Expenses" means, for the purposes of this Agreement, all direct
and indirect costs of any type or nature whatsoever (including, without
limitation, any fees and disbursements of Indemnitee's counsel, accountants and
other experts and other out-of-pocket costs) actually and reasonably incurred by
Indemnitee in connection with the investigation, preparation, defense or appeal
of a Proceeding; PROVIDED, HOWEVER, that Expenses shall not include judgments,
fines, penalties or amounts paid in settlement of a Proceeding unless such
matters may be indemnified under applicable provisions of the DGCL.

      (b)  "Proceeding" means, for the purposes of this Agreement, any
threatened, pending or completed action, suit or proceeding whether civil,
criminal, administrative or investigative (including actions, suits or
proceedings brought by or in the right of the Corporation) in which Indemnitee
may be or may have been involved as a party or otherwise, by reason of the fact
that Indemnitee is or was a director or officer of the Corporation, by reason
of any action taken by him or of any inaction on his part while acting as such
director or officer or by reason of the fact that he is or was serving at the
request of the Corporation as a director, officer, employee or agent of another
foreign or domestic corporation, partnership, joint venture, trust or other
enterprise, or was a director and/or officer of the foreign or domestic
corporation which was a predecessor corporation to the Corporation or of
another enterprise at the request of such predecessor corporation, whether or
not he is serving in such capacity at the time any liability or expense is
incurred forwhich indemnification or reimbursement can be provided under this
Agreement.

      2.   INDEMNIFICATION.

      (a)  THIRD PARTY PROCEEDINGS.  To the fullest extent permitted by law, 
the Corporation shall indemnify Indemnitee against Expenses and liabilities 
of any type whatsoever (including, but not limited to, judgments, fines, 
penalties,and amounts paid in settlement (if the settlement is approved in 
advance by the Corporation)) actually and reasonably incurred by Indemnitee 
in connection with a Proceeding (other than a Proceeding by or in the right 
of the Corporation) if Indemnitee acted in good faith and in a manner 
Indemnitee reasonably believed to be in, or not opposed to, the best 
interests of the Corporation, and, with respect to any criminal action or 
proceeding, had no reasonable cause to believe Indemnitee's conduct was 
unlawful.  The termination of any Proceeding by judgment, order, settlement, 
conviction, or upon a plea of NOLO CONTENDERE or its equivalent, shall not, 
of itself, create a presumption that Indemnitee did not act in good faith and 
in a manner that Indemnitee reasonably believed to be in, or not opposed to, 
the best interests of the Corporation, or, with respect to any criminal 
Proceeding, had reasonable cause to believe that Indemnitee's conduct was 
unlawful.  Notwithstanding the foregoing, no indemnification shall be made in 
any criminal proceeding where Indemnitee has been adjudged guilty unless a 
disinterested majority of the directors determines that Indemnitee did not 
receive, participate in or share in any pecuniary benefit to the detriment of 
the Corporation and, in view of all the circumstances of the case, Indemnitee 
is fairly and reasonably entitled to indemnity for Expenses or liabilities.

      (b)  PROCEEDINGS BY OR IN THE RIGHT OF THE CORPORATION.  To the fullest 
extent permitted by law, the Corporation shall indemnify Indemnitee against 

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Expenses actually and reasonably incurred by Indemnitee in connection with 
the defense or settlement of a Proceeding by or in the right of the 
Corporation to procure a judgment in its favor if Indemnitee acted in good 
faith and in a manner Indemnitee reasonably believed to be in, or not opposed 
to, the best interests of the Corporation.  Notwithstanding the foregoing, no 
indemnification shall be made in respect of any claim, issue or matter as to 
which Indemnitee shall have been adjudged to be liable to the Corporation in 
the performance of Indemnitee's duty to the Corporation unless and only to 
the extent that the court in which such Proceeding is or was pending shall 
determine upon application that, in view of all the circumstances of the 
case, Indemnitee is fairly and reasonably entitled to indemnity for Expenses 
and then only to the extent that the court shall determine.

      (c)  SCOPE.  Notwithstanding any other provision of this Agreement 
other than Sections 3 and 13, the Corporation shall indemnify Indemnitee to 
the fullest extent permitted by law, notwithstanding that such 
indemnification is not specifically authorized by other provisions of this 
Agreement, the Articles, the Bylaws or statute.

      3.   LIMITATIONS ON INDEMNIFICATION.  Any other provision herein to the 
contrary notwithstanding, the Corporation shall not be obligated pursuant to 
the terms of this Agreement:

      (a)  EXCLUDED ACTS.  To indemnify Indemnitee for any acts or omissions
or transactions from which a director may not be relieved of liability under
Section 102(b)(7) of the DGCL; or

      (b)  CLAIMS INITIATED BY INDEMNITEE.  To indemnify or advance Expenses 
to Indemnitee with respect to Proceedings or claims initiated or brought 
voluntarily by Indemnitee and not by way of defense, except with respect to 
proceedings brought to establish or enforce a right to indemnification under 
this Agreement or any other statute or law or otherwise as required under 
Section 145 of the DGCL, but such indemnification or advancement of Expenses 
may be provided by the Corporation in specific cases if a majority of the 
disinterested directors has approved the initiation or bringing of such suit; 
or

      (c)  LACK OF GOOD FAITH.  To indemnify Indemnitee for any Expenses 
incurred by Indemnitee with respect to any proceeding instituted by 
Indemnitee to enforce or interpret this Agreement, if a court of competent 
jurisdiction determines that each of the material assertions made by 
Indemnitee in such proceeding was not made in good faith or was frivolous; or

      (d)  INSURED CLAIMS.  To indemnify Indemnitee for Expenses or 
liabilities of any type whatsoever (including, but not limited to, judgments, 
fines or penalties, and amounts paid in settlement) which have been paid 
directly to or on behalf of Indemnitee by an insurance carrier under a policy 
of directors' and officers' liability insurance maintained by the Corporation 
or any other policy of insurance maintained by the Corporation or Indemnitee; 
or

      (e)  CLAIMS UNDER SECTION 16(B).  To indemnify Indemnitee for Expenses 
and the payment of profits arising from the purchase and sale by Indemnitee 
of securities in violation of Section 16(b) of the Securities Exchange Act of 
1934, as amended, or any similar successor statute.

      4.   DETERMINATION OF RIGHT TO INDEMNIFICATION.  Upon receipt of a 
written claim addressed to the Board of Directors for indemnification 
pursuant to Section 2 of this Agreement, the Corporation shall determine by 
any of the methods set forth in Section 145(d) of the DGCL whether Indemnitee 

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has met the applicable standards of conduct that make it permissible under 
applicable law to indemnify Indemnitee.  If a claim under Section 2 of this 
Agreement is not paid in full by the Corporation within ninety days after 
such written claim has been received by the Corporation, Indemnitee may at 
any time thereafter bring suit against the Corporation to recover the unpaid 
amount of the claim and, unless such action is dismissed by the court as 
frivolous or brought in bad faith, Indemnitee shall be entitled to be paid 
also the expense of prosecuting such claim.  Neither the failure of the 
Corporation (including its Board of Directors, independent legal counsel, or 
its stockholders) to make a determination prior to the commencement of such 
action that indemnification of Indemnitee is proper in the circumstances 
because Indemnitee has met the applicable standard of conduct under 
applicable law, nor an actual determination by the Corporation (including its 
Board of Directors, independent legal counsel or its stockholders) that 
Indemnitee has not met such applicable standard of conduct, shall create a 
presumption that Indemnitee has not met the applicable standard of conduct.  
The court in which such action is brought shall determine whether Indemnitee 
or the Corporation shall have the burden of proof concerning whether 
Indemnitee has or has not met the applicable standard of conduct.

      5.   ADVANCEMENT AND REPAYMENT OF EXPENSES.  The Expenses incurred by 
Indemnitee in defending and investigating any Proceeding shall be paid by the 
Corporation prior to the final disposition of such Proceeding within thirty 
days after receiving from Indemnitee copies of invoices presented to 
Indemnitee for such Expenses and an undertaking by or on behalf of Indemnitee 
to the Corporation to repay such amount to the extent it is ultimately 
determined that Indemnitee is not entitled to indemnification.  In 
determining whether or not to make an advance hereunder, the ability of 
Indemnitee to repay shall not be a factor.  Notwithstanding the foregoing, in 
a proceeding brought by the Corporation directly, in its own right (as 
distinguished from an action brought derivatively or by any receiver or 
trustee), the Corporation shall not be required to make the advances called 
for hereby if a majority of the disinterested directors determine that it 
does not appear that Indemnitee has met the standards of conduct that made it 
permissible under applicable law to indemnify Indemnitee and that the 
advancement of Expenses would not be in the best interests of the Corporation 
and its stockholders.

      6.   PARTIAL INDEMNIFICATION.  If Indemnitee is entitled under any 
provision of this Agreement to indemnification or advancement by the 
Corporation of some or a portion of any Expenses or liabilities of any type 
whatsoever (including, but not limited to, judgments, fines, penalties, and 
amounts paid in settlement) incurred by him in the investigation, defense, 
settlement or appeal of a Proceeding, but is not entitled to indemnification 
or advancement of the total amount thereof, the Corporation shall 
nevertheless indemnify or pay advancements to Indemnitee for the portion of 
such Expenses or liabilities to which Indemnitee is entitled.

      7.   NOTICE TO CORPORATION BY INDEMNITEE.  Indemnitee shall notify the 
Corporation in writing of any matter with respect to which Indemnitee intends 
to seek indemnification hereunder as soon as reasonably practicable following 
the receipt by Indemnitee of written notice thereof; provided that any delay 
in so notifying the Corporation shall not constitute a waiver by Indemnitee 
of his rights hereunder.  The written notification to the Corporation shall 
be addressed to the Board of Directors and shall include a description of the 
nature of the Proceeding and the facts underlying the Proceeding and be 
accompanied by copies of any documents filed with the court, if any, in which 
the Proceeding is pending.  In addition, Indemnitee shall give the 
Corporation such information and cooperation as it may reasonably require and 
as shall be within Indemnitee's power.

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      8.   DEFENSE OF CLAIM.  In the event that the Corporation shall be 
obligated under Section 5 hereof to pay the Expenses of any Proceeding 
against Indemnitee, the Corporation, if appropriate, shall be entitled to 
assume the defense of such Proceeding, with counsel approved by Indemnitee, 
which approval shall not be unreasonably withheld, upon the delivery to 
Indemnitee of written notice of its election to do so.  After delivery of 
such notice, approval of such counsel by Indemnitee and the retention of such 
counsel by the Corporation, the Corporation will not be liable to Indemnitee 
under this Agreement for any fees of counsel subsequently incurred by 
Indemnitee with respect to the same Proceeding; provided that (i) Indemnitee 
shall have the right to employ his own counsel in any such Proceeding at 
Indemnitee's expense, and (ii) if (A) the employment of counsel by Indemnitee 
has been previously authorized by the Corporation, or (B) Indemnitee shall 
have reasonably concluded that there may be a conflict of interest between 
the Corporation and Indemnitee in the conduct of such defense or (C) the 
Corporation shall not, in fact, have employed counsel to assume the defense 
of such Proceeding, then the fees and expenses of Indemnitee's counsel shall 
be paid by the Corporation.

      9.   ATTORNEYS' FEES.  If any legal action is necessary to enforce the 
terms of this Agreement, the prevailing party shall be entitled to recover, 
in addition to other amounts to which the prevailing party may be entitled, 
actual attorneys' fees and court costs as may be awarded by the court.

      10.  CONTINUATION OF OBLIGATIONS.  All agreements and obligations of 
the Corporation contained herein shall continue during the period Indemnitee 
is a director or officer of the Corporation, or is or was serving at the 
request of the Corporation as a director, officer, fiduciary, employee or 
agent of another corporation, partnership, joint venture, trust or other 
enterprise, and shall continue thereafter so long as Indemnitee shall be 
subject to any possible Proceeding by reason of the fact that Indemnitee 
served in any capacity referred to herein.

      11.  SUCCESSORS AND ASSIGNS.  This Agreement establishes contract
rights that shall be binding upon, and shall inure to the benefit of, the
successors, assigns, heirs and legal representatives of the parties hereto.

      12.  NON-EXCLUSIVITY.

      (a)  The provisions for indemnification and advancement of expenses set 
forth in this Agreement shall not be deemed to be exclusive of any other 
rights that Indemnitee may have under any provision of law, the Articles or 
Bylaws, the vote of the Corporation's stockholders or disinterested 
directors, other agreements or otherwise, both as to action in his official 
capacity and action in another capacity while occupying his position as a 
director or officer of the Corporation.

      (b)  In the event of any changes, after the date of this Agreement, in 
any applicable law, statute, or rule that expand the right of a Delaware 
corporation to indemnify its directors and officers, Indemnitee's rights and 
the Corporation's obligations under this Agreement shall be expanded to the 
fullest extent permitted by such changes.  In the event of any changes in any 
applicable law, statute or rule, that narrow the right of a Delaware 
corporation to indemnify a director and officer, such changes, to the extent 
not otherwise required by such law, statute or rule to be applied to this 
Agreement, shall have no effect on this Agreement or the parties' rights and 
obligations hereunder.

<PAGE>


      13.  EFFECTIVENESS OF AGREEMENT.  This Agreement shall be effective as
of the date set forth on the first page and shall apply to acts or omissions of
Indemnitee that occurred prior to such date if Indemnitee was a director or
officer of the Corporation or its predecessor, or was serving at the request of
the Corporation or its predecessor as a director, officer, employee or agent of
another corporation, partnership, joint venture, trust or other enterprise, at
the time such act or omission occurred.

      14.  SEVERABILITY.  Nothing in this Agreement is intended to require
or shall be construed as requiring the Corporation to do or fail to do any act
in violation of applicable law.  The Corporation's inability, pursuant to court
order, to perform its obligations under this Agreement shall not constitute a
breach of this Agreement.  The provisions of this Agreement shall be severable
as provided in this Section 14.  If this Agreement or any portion hereof shall
be invalidated on any ground by any court of competent jurisdiction, then the
Corporation shall nevertheless indemnify Indemnitee to the fullest extent
permitted by any applicable portion of this Agreement that shall not have been
invalidated, and the balance of this Agreement not so invalidated shall be
enforceable in accordance with its terms.

      15.  GOVERNING LAW.  This Agreement shall be interpreted and enforced 
in accordance with the laws of the State of Delaware without regard to its 
rules pertaining to conflicts of laws.  To the extent permitted by applicable 
law, the parties hereby waive any provisions of law that render any provision 
of this Agreement unenforceable in any respect.

      16.  NOTICE.  All notices, requests, demands and other communications
under this Agreement shall be in writing and shall be deemed duly given (i) if
delivered by hand and receipted for by the party addressed, on the date of such
receipt, or (ii) if delivered by facsimile transmission to the recipient
followed by a copy sent by mail on the same date as the facsimile transmission,
on the date of receipt of such facsimile transmission, or (iii) if mailed by
certified or registered mail with postage prepaid, on the third business day
after the mailing date.  Addresses for notice to either party are as shown on
the signature page of this Agreement, or as subsequently modified by written
notice.

      17.  MUTUAL ACKNOWLEDGMENT.  Both the Corporation and Indemnitee
acknowledge that in certain instances, federal law or applicable public policy
may prohibit the Corporation from indemnifying its directors and officers under
this Agreement or otherwise.  Indemnitee understands and acknowledges that the
Corporation has undertaken or may be required in the future to undertake with
the Securities and Exchange Commission to submit the question of
indemnification to a court in certain circumstances for a determination of the 
Corporation's right under public policy to indemnify Indemnitee.

      18.  COUNTERPARTS.  This Agreement may be executed in several
counterparts, each of which shall constitute an original.

      19.  AMENDMENT AND TERMINATION.  No amendment, modification,
termination or cancellation of this Agreement shall be effective unless in
writing signed by both parties hereto.

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      IN WITNESS WHEREOF, the parties have executed this Agreement as of the
day and year set forth above.
                                                 ASTOR HOLDINGS, INC.,
                                                 A DELAWARE CORPORATION


                                                 By:________________________

                                                 Title:_____________________


                                                 NOTICES SHOULD BE ADDRESSED TO:

                                                 Chief Financial Officer
                                                 Astor Holdings, Inc.
                                                 8521 Six Forks Road
                                                 Suite 105
                                                 Raleigh, North Carolina  27615

INDEMNITEE:

____________________________
[cad 157]FirstName[cad 179] [cad 157]LastName[cad 179]

____________________________
Street Address

____________________________
City, State and Zip Code

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