Document:

INTERCORPORATE SERVICES AGREEMENT

                                     BETWEEN

                               CONTRAN CORPORATION

                                       AND

                            COMPX INTERNATIONAL INC.

                           Dated as of January 1, 2004

<PAGE>

                                TABLE OF CONTENTS
                                                                        Page

ARTICLE I.  AMENDS AND SUPERSEDES PRIOR AGREEMENT.........................1

ARTICLE II.  RETENTION OF CONTRAN.........................................1

         Section 2.1.  Performance of Services............................1
         Section 2.2.  Director Services Not Included.....................2
         Section 2.3.  Outside Services...................................2
         Section 2.4.  Disclaimer, Limited Liability; Indemnification.....2

ARTICLE III.  COMPENSATION................................................3

         Section 3.1.  Compensation for Services..........................3
         Section 3.2.  Out-of-Pocket Costs................................3

ARTICLE IV.  CONFIDENTIALITY..............................................3

         Section 4.1.  Confidentiality....................................3

ARTICLE V.  MISCELLANEOUS.................................................3

         Section 5.1.  Maintenance and Inspection of Records..............3
         Section 5.2.  Notices............................................4
         Section 5.3.  Term; Renewal......................................4
         Section 5.4.  Independent Contractor.............................4
         Section 5.5.  Force Majeure......................................4
         Section 5.6.  Entire Agreement...................................5
         Section 5.7.  Amendments.........................................5
         Section 5.8.  Severability.......................................5
         Section 5.9.  Counterparts.......................................5
         Section 5.10.  Successors and Assigns............................5
         Section 5.11.  Governing Law.....................................5
         Section 5.12.  Submission to Jurisdiction; Service; Waivers......5
         Section 5.13.  No Third-Party Beneficiaries......................6
         Section 5.14.  Titles and Headings...............................6

<PAGE>

                        INTERCORPORATE SERVICES AGREEMENT

     This  Intercorporate  Services  Agreement  ("Agreement")  is  entered  into
effective  as of  January  1,  2004  (the  "Effective  Date"),  between  Contran
Corporation, a Delaware corporation ("Contran"), and CompX International Inc., a
Delaware corporation ("CompX")

                                    Recitals

     A. CompX is an indirectly held subsidiary of Contran.

     B..CompX has and will have the need for executive,  management,  financial,
audit, accounting, tax, legal, insurance, risk management,  treasury, technical,
consulting,  administrative  and other services as required from time to time in
the ordinary course of CompX's business (collectively,  the "Services"), but has
determined  that it is not cost effective to obtain and separately  maintain the
infrastructure  associated with the Services,  particularly the costs associated
with  attracting  and  maintaining  on its  payroll  on a full time basis a full
complement of skilled employees.

     C..Contran is able and willing to provide the Services to CompX,  and CompX
desires to engage Contran as an  independent  contractor to provide the Services
in accordance with the terms set forth in this Agreement.

                                    Agreement

     For  and in  consideration  of the  mutual  promises,  representations  and
covenants contained in this Agreement, the parties agree as follows.

                                   ARTICLE I.
                      AMENDS AND SUPERSEDES PRIOR AGREEMENT

     This  Agreement   amends  and  supersedes  in  its  entirety  that  certain
Intercorporate Services Agreement effective as of January 1, 2003 by and between
Contran and CompX.

                                   ARTICLE II.
                              RETENTION OF CONTRAN

     Section 2.1. Performance of Services.

          (a) CompX hereby  engages and retains  Contran to perform the Services
     and Contran  hereby  accepts and agrees to provide  such  Services to CompX
     upon the terms and conditions set forth in this Agreement.  All Services to
     be  provided by Contran  hereunder  shall be  performed  at the request and
     under the  direction of CompX,  and Contran shall not have any power to act
     independently  on behalf of CompX  other  than as  specifically  authorized
     under this  Agreement or from time to time by CompX.  Contran shall provide
     Services  in  connection  with  routine  functions  related to the  ongoing
     ordinary course of CompX's  business.  The Services  rendered in connection
     with the conduct of CompX's  business  will be on a scale  compared to that
     existing on the  effective  date of this  Agreement,  adjusted for internal
     corporate growth or contraction,  but not for major corporate  acquisitions
     or divestitures,  and that adjustments may be required to the terms of this
     Agreement in the event of such major corporate  acquisitions,  divestitures
     or special projects.

          (b) Contran shall  determine  the  corporate  facilities to be used in
     rendering the Services and the individuals who will render such Services.

          (c) Contran will use reasonable efforts to make the Services available
     with  substantially the same degree of care as it employs in making similar
     services available for its own operations.

          (d) Those employees or agents of Contran who perform similar  services
     for Contran or for other  affiliates of Contran,  or both, will perform the
     Services.

          (e) Nothing  herein  shall be deemed to restrict  either  party or its
     directors,  officers, employees or agents from engaging in any business, or
     from contracting with other parties, including,  without limitation,  other
     affiliates of Contran, for similar or different services.

     Section 2.2.  Director  Services Not Included.  The Services do not include
any  services  that  employees of Contran may provide to CompX in their roles as
members of CompX's  board of  directors  or any other  activity  related to such
board of directors.

     Section 2.3. Outside Services.  CompX will continue to bear all other costs
required  for  outside  services  including,  but not  limited  to, the  outside
services of attorneys,  auditors,  trustees,  consultants,  transfer  agents and
registrars, and it is expressly understood that Contran assumes no liability for
any expenses or services other than those stated in this Article.

     Section 2.4. Disclaimer, Limited Liability; Indemnification.

          (a) Except as expressly provided elsewhere in this Agreement,  Contran
     makes no express  or  implied  representations,  warranties  or  guarantees
     relating to the  Services  or the quality or results of the  Services to be
     performed under this Agreement.

          (b) Contran,  its  directors,  officers,  employees,  stockholders  or
     agents  shall  not be liable to CompX or any  third  party,  including  any
     governmental agency, for any claims, demands, losses, liabilities, damages,
     costs or expenses,  including  attorneys' and expert witness fees,  arising
     from or in connection  with the Services,  other than those arising from or
     in connection with the gross negligence or willful misconduct of Contran or
     its directors,  officers, employees,  stockholders or agents (collectively,
     "No Liability Claims").

          (c) CompX assumes all liability  for, and agrees to defend,  indemnify
     and hold Contran harmless from and against all No Liability  Claims.  CompX
     assumes  all  liability  for,  and  agrees to  defend,  indemnify  and hold
     Contran's directors,  officers, employees,  stockholders or agents harmless
     from, No Liability Claims to the same extent that Contran could assume such
     liability  for,  or defend,  indemnify  and hold  harmless,  such entity or
     person.  CompX shall promptly  advance  expenses as incurred by Contran its
     directors,  officers, employees,  stockholders or agents in connection with
     CompX's obligations under this Section.

                                  ARTICLE III.
                                  COMPENSATION

     Section 3.1. Compensation for Services.

          (a) Contran and CompX shall agree on the aggregate  annual amount that
     CompX shall pay Contran for the Services for a particular year.

          (b) CompX  shall pay to Contran  one  fourth of the  annual  amount in
     advance quarterly around the first business day of each quarter.

          (c)  From  time to time  upon a  change  to the  annual  amount  for a
     particular  year,  Contran or CompX,  as  applicable,  shall  promptly make
     appropriate payments to the other party to reflect such change.

          (d) All charges  from Contran to CompX are intended to be equal to the
     actual cost of such expenses without premium or mark-up to Contran.

     Section 3.2. Out-of-Pocket Costs. In addition to the fee paid to Contran by
CompX for the  Services,  CompX  will  promptly  pay to  Contran  the  amount of
out-of-pocket costs incurred by Contran in rendering such Services.

                                   ARTICLE IV.
                                 CONFIDENTIALITY

     Section  4.1.  Confidentiality.  Each party  shall hold and shall cause its
directors,    officers,    employees,    agents,    consultants   and   advisors
("Representatives")  to hold in strict confidence all information concerning the
other party unless (i) such party is compelled to disclose such  information  by
judicial or administrative  process or, in the opinion of its counsel,  by other
requirements  of law or (ii) such  information  can be shown to have been (A) in
the public domain  through no fault of such party or (B) lawfully  acquired on a
non-confidential basis from other sources.  Notwithstanding the foregoing,  such
party may  disclose  such  information  to its  Representatives  so long as such
persons  are  informed  by  such  party  of  the  confidential  nature  of  such
information   and  are  directed  by  such  party  to  treat  such   information
confidentially.  If such  party or any of its  Representatives  becomes  legally
compelled to disclose any documents or information subject to this Section, such
party will  promptly  notify the other  party so that the other party may seek a
protective  order or other  remedy or waive such  party's  compliance  with this
Section.  If no such  protective  order or other  remedy is  obtained  or waiver
granted, such party will furnish only that portion of the information that it is
advised by counsel is legally required and will exercise its reasonable  efforts
to obtain adequate  assurance that confidential  treatment will be accorded such
information.  Such party agrees to be responsible for any breach of this Section
by it and its Representatives.

                                   ARTICLE V.
                                  MISCELLANEOUS

     Section 5.1.  Maintenance  and  Inspection  of Records.  Contran shall keep
accurate books, accounts and records regarding the Services as may be reasonably
necessary  for purposes of this  Agreement.  CompX shall be permitted to inspect
such books, accounts and records at any reasonable time.

     Section 5.2. Notices. All notices and other communications  hereunder shall
be in  writing,  and  shall be  delivered  by hand or mailed  by  registered  or
certified  mail (return  receipt  requested) or  transmitted by facsimile to the
parties at the following  addresses  (or at such other  addresses for a party as
shall be  specified  by like  notice)  and shall be deemed  given on the date on
which such notice is received:

         If to Contran:             Contran Corporation.
                                    Three Lincoln Centre
                                    5430 LBJ Freeway, Suite 1700
                                    Dallas, Texas   75240-2697
                                    Attention:  General Counsel
                                    Phone:  972.450.4251
                                    Fax:  972.448.1445

         If to CompX:               CompX International Inc.
                                    Three Lincoln Centre
                                    5430 LBJ Freeway, Suite 1700
                                    Dallas, Texas   75240-2697
                                    Attention:  General Counsel
                                    Phone:  972.450.4251
                                    Fax:  972.448.1445

     Section  5.3.  Term;  Renewal.  The initial  term of this  Agreement  shall
commence as of the  Effective  Date and end on December 31,  2004,  but shall be
automatically renewed on a quarter-to-quarter  basis after the expiration of the
initial term. Either party may terminate this Agreement by giving written notice
of  termination  to the other party not less than thirty (30) days in advance of
the  first  day of each  successive  quarter.  In  addition,  in the  event of a
material default  hereunder by a party, the  non-defaulting  party may terminate
this  Agreement  upon  thirty  (30) days prior  written  notice if such  default
remains  uncured and is  continuing  for twenty  (20) days after  receipt by the
defaulting  party  of such  written  notice  of  intent  to  terminate.  A final
accounting  and  payment  by one  party  to the  other  of all  amounts  payable
hereunder  shall be made  pursuant to the terms hereof  within  thirty (30) days
following such termination.

     Section  5.4.  Independent  Contractor.  Contran  shall  be an  independent
contractor and not an employee of, or partner or joint venturer with, CompX.

     Section 5.5. Force Majeure.  No party shall be in default of this Agreement
or liable to the other  party for any  delay or  default  in  performance  where
occasioned by any cause of any kind or extent beyond its control,  including but
not limited to,  armed  conflict or economic  dislocation  resulting  therefrom;
embargoes;   shortages  of  labor,  raw  materials,   production  facilities  or
transportation;  labor difficulties;  civil disorders of any kind; action of any
civil or military authorities  (including,  priorities and allocations);  fires;
floods and accidents.  The dates on which the obligations of the party are to be
fulfilled shall be extended for a period equal to the time lost by reason of any
delay arising, directly or indirectly from:

          (a) Any of the foregoing causes, or

          (b) Inability of a party,  as a result of causes beyond its reasonable
     control,  to obtain instruction or information from the other party in time
     to perform its obligations by such dates.

     Section  5.6.  Entire  Agreement.  This  Agreement  constitutes  the entire
understanding  between the parties with respect to the subject matter hereof and
all prior  agreements  or  understandings  shall be  deemed  merged  herein.  No
representations,  warranties and if  certifications,  express or implied,  shall
exist as between the parties except as stated herein.

     Section 5.7.  Amendments.  No amendments,  waivers or modifications  hereof
shall be made or deemed to have been made  unless in  writing,  executed  by the
party to be bound thereby.

     Section  5.8.  Severability.  If any  provision  in this  Agreement  or the
application  of such provision to any person or  circumstance  shall be invalid,
illegal or unenforceable,  the remainder of this Agreement or the application of
such provision to persons or circumstances  other than those to which it is held
invalid, illegal or unenforceable shall not be affected thereby.

     Section 5.9. Counterparts.  This Agreement may be executed in any number of
counterparts,  each of which when so executed  shall be deemed to be an original
and all of which when taken together shall constitute this Agreement.

     Section  5.10.   Successors  and  Assigns.  This  Agreement  shall  not  be
assignable,  in whole or in part,  directly or  indirectly,  by any party hereto
without the prior written consent of the other party hereto,  and any attempt to
assign any rights or  obligations  arising,  under this  Agreement  without such
consent shall be void.  This Agreement  shall be binding,  upon and inure to the
benefit of the parties  hereto and their  respective  successors  and  permitted
assigns.

     Section  5.11.  Governing  Law.  This  Agreement  shall be  governed by and
construed in accordance  with the domestic  laws of the state of Texas,  without
giving effect to any choice of law or conflict of law provision or rule (whether
of  the  state  of  Texas  or any  other  jurisdiction)  that  would  cause  the
application of the laws of any jurisdiction other than the state of Texas.

     Section 5.12. Submission to Jurisdiction; Service; Waivers. WITH RESPECT TO
ANY CLAIM ARISING OUT OF THIS AGREEMENT, EACH PARTY (A) IRREVOCABLY SUBMITS, FOR
ITSELF AND ITS  PROPERTY,  TO THE  JURISDICTION  OF THE FEDERAL OR STATE  COURTS
LOCATED IN DALLAS COUNTY,  TEXAS (B) AGREES THAT THE VENUE FOR ANY SUIT,  ACTION
OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT SHALL BE EXCLUSIVE TO
SUCH COURTS, AND (C) IRREVOCABLY WAIVES ANY OBJECTION IT MAY HAVE AT ANY TIME TO
THE LAYING OF VENUE OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING
TO THIS AGREEMENT BROUGHT IN ANY SUCH COURT,  IRREVOCABLY  WAIVES ANY CLAIM THAT
ANY SUCH SUIT,  ACTION OR PROCEEDING  BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT
IN AN  INCONVENIENT  FORUM AND FURTHER  IRREVOCABLY  WAIVES THE RIGHT TO OBJECT,
WITH RESPECT TO SUCH CLAIM, SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT
THAT  SUCH  COURT  DOES  NOT  HAVE  JURISDICTION  OVER  IT.  EACH  PARTY  HEREBY
IRREVOCABLY  CONSENTS  TO THE  SERVICE OF  PROCESS  IN ANY SUCH SUIT,  ACTION OR
PROCEEDING  IN ANY OF THE  AFORESAID  COURTS  BY THE  MAILING  OF COPIES OF SUCH
PROCESS TO THE PARTY, BY CERTIFIED OR REGISTERED  MAIL AT THE ADDRESS  SPECIFIED
IN SECTION 5.2.

     Section 5.13. No  Third-Party  Beneficiaries.  This Agreement is solely for
the benefit of the parties  hereto and should not be deemed to confer upon third
parties any remedy, claim,  liability,  reimbursement,  claim of action or other
right in excess of those existing without reference to this Agreement.

     Section 5.14.  Titles and Headings.  Titles and headings to sections herein
are inserted for convenience of reference only and are not intended to be a part
of or to affect the meaning or interpretation of this Agreement.

     Executed as of the Effective Date.

                             CONTRAN CORPORATION

                             By:  /s/Bobby D. O'Brien
                                  ---------------------------------------------
                                  Bobby D. O'Brien, Vice President

                            COMPX INTERNATIONAL INC.

                            By:   /s/David A. Bowers
                                  ---------------------------------------------
                                  David A. Bowers,
                                  Vice Chairman of the Board,
                                  President and Chief Executive OfficerEXECUTION COPY                                                     CONFIDENTIAL

                      AGREEMENT REGARDING SHARED INSURANCE
                      ------------------------------------

This Agreement Regarding Shared Insurance  (hereinafter the "Agreement") is made
as of the 30th day of October 2003, by and between

                       CompX International Inc. ("CompX")
                        Contran Corporation ("Contran");
              Keystone Consolidated Industries, Inc. ("Keystone");
                          Kronos Worldwide, Inc. ("KI")
                           NL Industries, Inc. ("NL");
                   Titanium Metals Corp. ("Titanium Metals");
                                       and
                             Valhi, Inc. ("Valhi");

(For  convenience,  each of the above entities  and/or its  subsidiaries  may be
referred  to as a  "Party,"  and  collectively  they may be  referred  to as the
"Parties").

                                WITNESSETH THAT:

WHEREAS,  the Parties are affiliated  companies that have been,  are, and in the
future may be insured under a number of shared  insurance  policies that provide
shared limits of available insurance; and

WHEREAS,  although as of the date of this  Agreement the Parties  separately and
collectively  never  have  exhausted  the  total  limits of  insurance  coverage
available under any shared insurance agreement,  the Parties wish to ensure that
claims asserted under any of the shared insurance policies by any one Party will
not  unreasonably  deprive other  Parties of insurance  that may be available to
them.

<PAGE>

                                   AGREEMENTS:

NOW,  THEREFORE,  in  full  consideration  of the  foregoing  and of the  mutual
agreements  herein  contained,  and intending to be legally  bound,  the Parties
agree as follows:

1. Definitions

The following  definitions  will apply to the listed terms  wherever those terms
appear  throughout  the  Agreement  as well as in any  exhibits  or  attachments
thereto. Moreover, each defined term stated in a singular form shall include the
plural form,  each defined term stated in plural form shall include the singular
form, and each defined term stated in the masculine form or in the feminine form
shall include the other.

         A.    "Shared  Insurance  Policy"  shall  mean  any  one or more of the
               insurance  policies listed on Exhibit "A" hereto,  as well as any
               past, present or future insurance policies that provide insurance
               coverage  to all of the Parties to this  Agreement  and where the
               policy  provides for an aggregate limit for all claims during the
               policy period.

         B.    "Covered Claim" shall mean any claim for insurance  coverage that
               any Party  may  assert at any time  under  any  Shared  Insurance
               Policy  that is  covered  in whole or in part under the terms and
               conditions of the Shared  Insurance  Policy in question,  or that
               would be covered  but for the fact that all  available  limits of
               insurance  coverage under the Shared Insurance Policy in question
               already  have been  exhausted  by another  claim or claims of any
               Party.

         C.    "Reimbursed Covered Claim" shall mean any Covered Claim for which
               any Party  actually  has  received a total or  partial  insurance
               coverage under any Shared Insurance Policy.

         D.    "Remaining Covered Claim" shall mean any Covered Claim or portion
               of a Covered Claim of any Party for which the available limits of
               insurance  coverage under the Shared Insurance Policy in question
               already  have been  exhausted by a  Reimbursed  Covered  Claim or
               Reimbursed Covered Claims of any Party or Parties.

2. Agreement

Whenever the available  limits of insurance  under any Shared  Insurance  Policy
have been exhausted by a Reimbursed  Covered Claim or Reimbursed  Covered Claims
submitted by one or more of the Parties, this Agreement will provide a mechanism
by which the  Parties  will share  financial  responsibility  for all  Remaining
Covered Claims.

Financial responsibility for each Remaining Covered Claim shall be divided among
those  Parties  with Covered  Claims for that policy.  Each Party other than the
holder of a particular Remaining Covered Claim shall indemnify and reimburse the
holder of that  Remaining  Covered  Claim  for a  percentage  of that  Remaining
Covered  Claim equal to the  percentage  of Covered  Claims of the  Indemnifying
Party bears to the sum of all Parties' Covered Claims for the particular policy.

Any  indemnification  obligation required by this Agreement shall be paid within
60 days after a Party requests in writing  indemnification from another Party or
Parties  with  respect  to a  Remaining  Covered  Claim  and  provides  a  brief
description of the Remaining  Covered Claim,  as well as  identification  of the
Shared  Insurance  Policy  that would,  but for  exhaustion  of limits,  provide
coverage for the  Remaining  Covered  Claim.  If the insurer  issuing the Shared
Insurance  Policy in  question  has taken the  position  that the claim would be
covered and payable but for prior  exhaustion  of available  limits of coverage,
the claim  conclusively  will be  considered  by the  Parties to be a  Remaining
Covered Claim.  If the insurer issuing the Shared  Insurance  Policy in question
has not or will not  expressly  state that a claim  would be covered and payable
but for  exhaustion,  the Parties will attempt in good faith to agree whether or
not the claim is a Remaining  Covered Claim. If the Parties cannot agree whether
a claim is a Remaining  Covered Claim,  the question will be settled pursuant to
the "Dispute Resolution" provisions of this Agreement.

3. Confidentiality

The  Parties  agree that all  matters  relating  to the terms,  negotiation  and
implementation of this Agreement,  including documents and information exchanged
during  negotiations or relating to indemnification  obligations and claims made
hereunder,  shall be confidential and are not to be disclosed except as required
by law or regulation or by order of court or by  agreement,  in writing,  of the
Parties,  except  that,  provided  recipients  agree  to keep  such  information
confidential, the Agreement may be disclosed to any officer, director, or parent
corporation  of any Party and any  outside  counsel,  consultants,  auditors  or
accountants of any Party.

In the event a private  litigant,  by way of  document  request,  interrogatory,
subpoena,  or questioning at deposition or trial,  attempts to compel disclosure
of anything protected by this Section,  the Party from whom disclosure is sought
shall  decline to provide  the  requested  information  on the ground  that this
Agreement prevents such disclosure.  In the event such private litigant seeks an
Order from any court or governmental  body to compel such disclosure,  or in the
event that a court,  government  official,  or governmental body (other than the
Inland  Revenue or Internal  Revenue  Service or other  similar  U.S. or foreign
governmental  taxation  authorities) requests or requires disclosure of anything
protected  by this  Agreement,  the Party from whom  disclosure  is sought shall
promptly give written notice by facsimile or  hand-delivery  to the other Party,
and shall  promptly  provide copies of all notice  papers,  orders,  requests or
other  documents in order to allow each Party to take such  protective  steps as
may be appropriate in order to preserve the confidentiality of such information.
Notice  shall be made under this  Paragraph  to the persons  identified  in this
Agreement.

4. No Modification

No change or  modification of this Agreement shall be valid unless it is made in
writing and signed by each of the Parties.

5. Execution

There will be two signed  originals of this  Agreement.  This  Agreement  may be
executed  and  delivered  in  counterparts,  each of which when so executed  and
delivered  shall be deemed an original and shall  together  constitute an entire
Agreement.  This  Agreement may be executed and delivered by facsimile,  each of
which when so executed and delivered shall be deemed an original.

6. Governing Law

This  Agreement  shall be governed by and shall be construed in accordance  with
the laws of the State of Texas  without  giving  effect to any  choice of law or
conflict of law provision or rule.

7. Dispute Resolution

         A.    The  Parties  agree to use their best  efforts to resolve  claims
               relating  to this  Agreement  prior  to  instituting  arbitration
               proceedings  as set forth  below.  In the event such  efforts are
               unsuccessful,  the Parties  agree that any  controversy  or claim
               arising  out of or  relating  to  this  Agreement  or any  breach
               thereof,  including without  limitation,  any disputes concerning
               the  calculation of any settlement  payment under this Agreement,
               shall be  submitted  to final and  binding  arbitration  before a
               single  arbitrator,  who shall be a former  judge or an  attorney
               licensed  to  practice  law in  Texas  with at least  ten  years'
               experience,  and whom the Parties  shall  choose.  If the Parties
               cannot agree on the arbitrator,  the arbitrator shall be selected
               in  accordance  with  the  Commercial  Arbitration  Rules  of the
               American  Arbitration  Association that are in effect at the time
               the dispute is submitted to arbitration.

         B.    To the extent the  Parties  are unable to agree,  the  commercial
               rules and procedures of the American Arbitration Association that
               were in effect on the date of execution of this  Agreement  shall
               apply to the arbitration. Texas law shall govern any arbitration.

         C.    Any arbitration conducted in accordance with this Agreement shall
               be conducted  in Texas or such other  location as the Parties may
               agree.  The Parties shall abide by the  arbitrator's  award,  and
               judgment  on that award may be  entered  by a court of  competent
               jurisdiction in Texas , in accordance with Texas law.

8. Notices

Unless  another  person is  designated,  in  writing,  for  receipt  of  notices
hereunder,  notices to the  respective  Parties  shall be sent to the  following
person by facsimile transmission or overnight courier:

          CompX International Inc.:                  Darryl R. Halbert
                                                     Three Lincoln Centre
                                                     5430 LBJ Freeway
                                                     Suite 1700
                                                     Dallas, Texas  75240
                                                     (972) 233-1700 phone
                                                     (972) 448-1419 fax

          Contran Corporation:                       J. Mark Hollingsworth
                                                     Three Lincoln Centre
                                                     5430 LBJ Freeway
                                                     Suite 1700
                                                     Dallas, Texas  75240
                                                     (972) 233-1700 phone
                                                     (972) 448-1445 fax

          Keystone Consolidated Industries, Inc.     Bert D. Downing, Jr.
                                                     Three Lincoln Centre
                                                     5430 LBJ Freeway
                                                     Suite 1700
                                                     Dallas, Texas  75240
                                                     (972) 233-1700 phone
                                                     (972) 448-1408 fax

          Kronos Worldwide, Inc.                     Robert D. Graham
                                                     Three Lincoln Centre
                                                     5430 LBJ Freeway
                                                     Suite 1700
                                                     Dallas, Texas  75240
                                                     (972) 233-1700 phone
                                                     (972) 448-1445 fax

          NL Industries, Inc.                        Robert D. Graham
                                                     Three Lincoln Centre
                                                     5430 LBJ Freeway
                                                     Suite 1700
                                                     Dallas, Texas  75240
                                                     (972) 233-1700 phone
                                                     (972) 448-1445 fax

          Titanium Metals Corporation:               Joan Prusse
                                                     1999 Broadway
                                                     Suite 4300
                                                     Denver, Colorado  80202
                                                     303-296-5600 phone
                                                     303-291-1990 fax

          Valhi, Inc.:                               J. Mark Hollingsworth
                                                     Three Lincoln Centre
                                                     5430 LBJ Freeway
                                                     Suite 1700
                                                     Dallas, Texas  75240
                                                     (972) 233-1700 phone
                                                     (972) 448-1445 fax

9. Integration

This Agreement constitutes the entire Agreement between the Parties with respect
to the subject matter hereof,  and  supersedes all  discussions,  agreements and
understandings, both written and oral, among the Parties with respect thereto.

10. Severability

This Agreement shall be binding upon and inure to the benefit of the Parties
hereto. In case any one or more of the provisions contained in this Agreement
shall be invalid, illegal or unenforceable in any respect, the validity,
legality and enforceability of the remaining provisions contained herein shall
not in any way be affected or impaired hereby.

11. Term

This  Agreement  may be  terminated  by each of the Parties  upon one (1) year's
written notice to the other Parties.

12. Assignment

This  Agreement  shall not be  assignable by any Party without the prior written
consent  of the other  except  that any  successor  to the Party may  assume the
rights  and  obligations  of the Party  under  this  Agreement.  Nothing in this
Agreement,  expressed or implied,  is intended to confer upon any person,  other
than the Parties hereto and their successors and assigns, any rights or remedies
under or by reason of this Agreement.

IN WITNESS  WHEREOF,  the Parties  have  executed  this  Agreement by their duly
authorized representatives.

                              CompX International Inc.

                              By: /s/ Darryl Halbert

                              Its:    Chief Financial Officer

                              Date:   October 31, 2003

                              Contran Corporation

                              By:     /s/ J. Mark Hollingsworth

                              Its:    Vice President, General Counsel

                              Date:   November 10, 2003

                              Keystone Consolidated Industries, Inc.

                              By:     /s/ Bert Downing, Jr.

                              Its:    Vice President, CFO

                              Date:   October 28, 2003

<PAGE>

                              Kronos Worldwide, Inc.

                              By:     /s/ Robert D. Graham

                              Its:    Vice President, General Counsel

                              Date:   November 7, 2003

                              NL Industries, Inc.

                              By:     /s/ Robert D. Graham

                              Its:    Vice President, General Counsel

                              Date:   November 7, 2003

                              Titanium Metals Corporation.

                               By:    /s/ Joan H. Prusse

                               Its:   Vice President, General Counsel

                               Date:  November 7, 2003

                               Valhi, Inc.

                               By:     /s/ J. Mark Hollingsworth

                               Its:    Vice President, General Counsel

                               Date:   November 10, 2003

<PAGE>

                                    EXHIBIT A

                            Shared Insurance Policies

1. Directors and Officers Liability (Primary and Excess)

2. Fiduciary liability

3. General Liability (U.S)

4. General Liability (Canada)

5. Excess Liability

6. Property

7. Deductible Buydown

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00061-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00061-of-00352.parquet"}]]